Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.

Special report by epic research 7 january 2014


Published on

Epic Research provide specialized nifty future tips to nifty futures interday traders in which we give nifty levels, nifty calls along with bank nifty tips. Call 0731664230

Published in: Economy & Finance, Business
  • Be the first to comment

  • Be the first to like this

Special report by epic research 7 january 2014

  1. 1. DAILY REPORT 07th JANUARY. 2014 Global markets at a glance Japan's Nikkei share average dropped on Tuesday morning after economic data showing a slowdown in growth in the U.S. services sector made investors wary of taking on risk. The Nikkei fell 0.6 percent to 15,807.86 in choppy midmorning trade. After opening lower, it briefly flirted with positive territory. On Monday, the index ended 2.4 percent lower. The broader FTSEurofirst 300 index of pan-European shares fell 0.2% to 1,309.24 points, with the euro zone's Euro STOXX 50 also down 0.2 percent at 3,069.16 points. Trading volume on the FTSEurofirst 300 was 25 percent lower than the index's average for the past three months. World Indices Wall Street Update U.S. stocks slipped on Monday after a mixed batch of economic reports, resulting in the Standard & Poor's 500 .SPX losing in the first three trading sessions of 2014 after ramping up 30 percent last year. Data from the Institute for Supply Management showed the pace of growth in the U.S. services sector slowed for a second straight month in December with business activity expanding at a slower rate and new orders contracting. The U.S. Senate confirmed Janet Yellen, a key force behind the Fed's unprecedented and controversial efforts to boost the U.S. economy, as the next Fed chair to succeed Ben Bernanke, whose second four-year term expires on January 31. Previous day Roundup After a lot of struggle, the market ended the day on a negative down. The Sensex ended down 64.03 points at 20787.30 and the Nifty closed at 6191.45, down 19.70 points. About 1465 shares have advanced, 1019 shares declined, and 531 shares are unchanged. Index stats Bankex and Bank Nifty both declined 143.73pts and 132.60pts respectively. Among the sartorial indices the sectors which were down are; PSU [down 6.72pts], Realty [down 10.18pts], TECK [down 17.60pts], IT [down 45.44pts}, Power [down 6.67pts], and the index advanced were Consumer Durables [up 1.75pts], Healthcare [up 48.22pts], Capital Goods [up 13.62pts], AUTO [up 24.04pts], FMCG [up 28.73pts], Oil & Gas [up 17.64pts], Metals [up 1.53pts]. Index Value % Change 16,425.10 -0.27 S&P 500 1,826.77 -0.25 NASDAQ EURO STO FTSE 100 4,113.68 3,069.16 6,730.73 -0.44 -0.17 0.00 Nikkei 225 Hong Kong 15,852.67 22,694.42 -0.35 +0.05 DJl Top Gainers Company CMP Change % Chg ONGC 281.05 5.25 +1.90 JINDALSTEL 260.00 4.35 +1.70 SUNPHARMA 588.30 8.60 +1.48 TATAMOTORS 367.25 4.55 +1.25 LUPIN 940.00 7.10 +0.76 CMP Change % Chg 81.75 1,043.00 636.00 1,685.00 2,068.00 2.30 23.80 13.85 34.65 33.05 -2.74 -2.23 -2.13 -2.01 -1.57 Prev. Close Change %Chg ARVIND 153.55 8.95 +6.19 BIOCON 480.00 3.60 -0.74 DELTOCORP 123.90 5.95 +5.00 GMBREW 111.15 4.00 +3.73 HAVELLS 827.10 12.05 +1.48 Prev. Close Change %Chg CMP Change % Chg 6,191.45 20,787.30 -19.70 -64.03 -0.32 -0.31 Top Losers Company TATAPOWER ICICIBANK BANKBARODA SBIN HEROMOTOCO Stocks at 52 Week’s high Symbol Stocks at 52 Week’s Low Symbol -- Indian Indices Company NIFTY SENSEX YOUR MINTVISORY Call us at +91-731-6642300
  2. 2. DAILY REPORT 07th JANUARY. 2014 EQUITY CASH & FUTURE STOCK RECOMMENDATIONS [FUTURE] 1. CESC STOCK RECOMMENDATION [CASH] 1. MASTEK CESC FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it trades above 475. We advise buying above 475 levels with strict stop loss 468 for the targets of 482-489 levels. MASTEK is looking strong on charts. We advise buying around 180-182 levels with strict stop loss of 175 for the targets of 187-192 levels. 2. VOLTAS MACRO NEWS  IOC divestment is likely to be carried out on January 9. LIC, is going to be a large strategic investor in the OFS.  PSU bank employees to go on two-day strike from January 20: UFBU.  SC refuses to entertain Steel Ministry's plea on mining cap.  Govt. will offer at least 56 oil and gas blocks in its next round of auction of exploration blocks that will be launched next week. The oil ministry has recommended revenue sharing between the companies and the govt. in place of the current production sharing mechanism.  The delinquency rate of micro-finance institutions (MFIs) has declined by 20% between Apr- Oct. 2013.  LPG distributors across India have decided to supply cylinders only to domestic consumers from Jan 15 and will proceed on indefinite strike from Jan 19 if there demands are not met.  The net direct tax collections, after refunds, were up 12.53 per cent to Rs 4.15 lakh crore in April-December 2013-14. VOLTAS FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sustains above 122 levels. We advise buying around 122 levels with strict stop loss 120 for the targets of 124-126 levels. YOUR MINTVISORY Call us at +91-731-6642300
  3. 3. DAILY REPORT FUTURE & OPTION 07th JANUARY. 2014 STOCKS IN NEWS  UCO Bank is planning to sell bad loans worth Rs 1,900cr to clean its balance sheet. The bank has already sold NPAs worth Rs 300cr in the last quarter.  Maruti Suzuki will introduce a revolutionary technology allowing manual gears to be used like automatic transmission without engaging the clutch.  Blackstone ups stake in MCX, buys shares worth Rs 81 cr.  Group Ministers on MTNL,BSNL revival to meet on Jan 8. NIFTY FUTURE MOST ACTIVE PUT OPTION Symbol Option Strike Type Price LTP Traded Volume (Contracts) Open Interest NIFTY PE 6,200 85.40 2,49,831 43,42,400 NIFTY PE 6,100 51.05 1,62,124 39,73,150 NIFTY PE 6,000 29.30 1,21,254 40,47,550 BANK NIFTY PE 11,000 235.15 12,542 1,71,400 SBIN PE 1,700 58.65 3,570 3,48,875 INFY PE 3,300 58.50 3,216 2,49,750 TCS PE 2,200 38.00 1,414 1,90,625 MCDOWELL-N PE 2,600 43.00 1,292 1,90,625 LTP Traded Volume (Contracts) Open Interest MOST ACTIVE CALL OPTION Symbol Option Strike Type Price NIFTY CE 6,300 62.25 2,20,054 49,21,950 NIFTY CE 6,400 31.70 1,54,153 39,36,000 NIFTY CE 6,500 15.05 1,27,416 48,91,350 BANKNIFTY CE 11,500 140.70 18,998 2,14,900 SBIN CE 1,800 17.40 5,679 8,16,500 RELIANCE CE 880 14.35 2,540 4,48,500 INFY CE 3,600 112.50 3,171 3,63,500 SBIN CE 1,750 29.40 5,095 3,48,625 MCDOWELL-N CE 2,800 70.55 2,189 1,24,750 Nifty Future closed in the red in the last trading session. We advise selling below 6200 with strict stop loss of 6250 for the targets of 6150-6110 levels. FII DERIVATIVES STATISTICS BUY SELL OPEN INTEREST AT THE END OF THE DAY No. of Amount in No. of Amount in No. of Contracts Crores Contracts Crores Contracts Amount in Crores NET AMOUNT INDEX FUTURES 37826 1160.83 50670 1557.04 419995 12946.36 -396.21 INDEX OPTIONS 264931 8074.81 247841 7606.93 1113953 34369.68 467.89 STOCK FUTURES 51898 1669.56 48972 1613.18 993137 31554.31 56.38 STOCK OPTIONS 36291 1166.62 38201 1221.87 51426 1657.50 -55.25 TOTAL 72.81 INDICES NIFTY S2 S1 PIVOT R1 R2 6141.01 6166.23 6195.46 6220.68 6249.91 NIFTYJUNIOR 12692.71 12748.58 12788.71 12844.58 12884.71 BANK NIFTY 10896.05 10972.55 11073.45 11149.95 11250.85 YOUR MINTVISORY Call us at +91-731-6642300
  4. 4. DAILY REPORT 07th JANUARY. 2014 COMMODITY MCX RECOMMENDATIONS SILVER COMMODITY ROUNDUP The SILVER rate touched an intraday high of Rs 45740 and an intraday low of Rs 45033. 25680 contracts had been traded. Silver opened at morning with gap down and made day high. In mid session silver traded in narrow range and made night low 45033. After evening there had been seen more buying in silver and it will helpful to break the nearest resistance 45450. The GOLD rate touched an intraday high of Rs 29276 and an intraday low of Rs 28890. 18661 contracts had been traded. Gold price was taking support at 29000 and traded in sideways big range all day. In evening session gold price broke the nearest resistance of 29150 and made high of 29276. TRADING STRATEGY: BUY SILVER ABOVE 45550 TGTS 45750/46050 SL 45150 SELL SILVER BELOW 45250 TGTS 45050/44750 SL 45600 GOLD U.S. crude futures added 0.3 percent to $93.70 a barrel after having fallen 0.6 percent overnight to a one-month low. Gold was steady at $1,238.05 an ounce, taking a breather after five straight days of gains and sitting not far from a three-week high of $1,248.30 set on Monday. According to Steel Index the FoB price of premium Australian hard coking coal, recently at $136.30 a tonne, is the lowest since August. Benchmark coking coal traded at $330 a tonne in mid-2011. Tracking a firming trend in base metals overseas and rising spot demand, lead futures were up by 0.51% at Rs 136.70 per kg as participants enlarged positions. At the MCX February lead traded 70 paise, or 0.51%, higher at Rs 136.70 per kg, with a turnover of eight lots. The January delivery also rose by 60 paise, or 0.44%, to trade at Rs 135.55 per kg, in a business turnover of 309 lots. Besides increased domestic demand from battery-makers, a firm trend at the LME influenced lead prices at futures trade here. TRADING STRATEGY: BUY GOLD ABOVE 29260 TGTS 29340/29440 SL 29150 SELL GOLD BELOW 29000 TGTS 28920/28820 SL 29101 YOUR MINTVISORY Buoyed by a firming trend in global markets as inventories continued to slide, copper futures prices rose by 0.26% to Rs 466.75 per kg yesterday as speculators enlarged positions. At the MCX copper for delivery in February was up by Rs 1.20, or 0.26%, to Rs 466.75 per kg, with a business turnover of 683 lots. Similarly, the April delivery traded higher by 90 paise, or 0.19%, to Rs 471.35 per kg, with a business turnover of 99 lots. Call us at +91-731-6642300
  5. 5. DAILY REPORT 07th JANUARY. 2014 NCDEX RECOMMENDATIONS CASTORSEED NCDEX INDICES Index Value % Change Castor Seed 4484 +0.83 Chana 3046 -0.52 Coriander 8060 -0.02 Cotton Seed Oilcake 1537 +1.92 12550 -1.30 Maize– Feed/ Industrial Grade 1210 +1.26 Mustard seed 3632 +0.94 Soy Bean 2792 -0.47 Sugar M Grade 2792 -0.18 Turmeric 6852 -0.09 Jeera BUY CASTORSEED FEB ABOVE 4610 TGTS 4640,4690 SL 4560 SELL CASTORSEED FEB BELOW 4485 TGTS 4455,4405 SL 4535 DHANIYA NCDEX ROUNDUP Government's rice procurement is lagging behind by 8 per cent over last year at 16.36 million tonne so far in the 201314 marketing year due to lower production estimate and relatively strong open market prices. Food Corporation of India, government's nodal procurement agency, had procured 17.78 million tonne rice in the same period of 201213 marketing year (October-September). Soybean prices declined almost Rs 100-150 per 100 kg in spot markets in a fortnight due to weak demand from crushers, said mandi traders. On Monday, soybean prices in mandi auction were Rs 3,550-3,750 per 100 kg compared with Rs 3,600-3,900 per 100 kg a fortnight ago. Plant delivery prices were Rs 3,825-3,860 per 100 kg against Rs 3,8503,900 per 100 kg couple of weeks ago. BUY DHANIYA JAN ABOVE 8080 TGTS 8110,8160 SL 8030 SELL DHANIYA JAN BELOW 7910 TGTS 7880,7830 SL 7960 YOUR MINTVISORY Vegetable (veg) oil import in India is likely to surpass all previous records to settle at 11.13 million tonnes this year on rising demand from middle class consumers following sustained pressure on prices. Call us at +91-731-6642300
  6. 6. DAILY REPORT 07th JANUARY. 2014 CURRENCY RBI Reference Rate Currency Rate Currency Rupee- $ 62.3265 Yen-100 Euro 84.6151 GBP JPY/INR SELL JPY/INR BELOW 59.74 TGTS 59.60, 59.45 SL 60.10. BUY JPY/INR ABOVE 60.36 TGTS 60.51, 60.73 SL 60.00. GBP/INR Rate 59.7300 101.9911 CURRENCY ROUNDUP Indian rupee declined in opening trade on Monday against the US dollar. Rupee opened lower by 17 paise or 0.27% against US dollar at Rs 62.33 compared to previous close of 62.16. On Friday, rupee settled up 10 paise or 0.16% against US dollar at Rs 62.16, then went down against US dollar in noon trade. Rupee was down by 12 paise or 0.19% against US dollar to Rs 62.28 (12.26 p.m.) compared to previous close of 62.16. It touched high and low of 62.26 and 62.46 respectively after opening at Rs 62.33 against US dollar. The greenback traded lower against most major currencies on Monday after U.S. service-sector data missed consensus forecasts and rekindled expectations for the Federal Reserve to take its time winding down its dollar-weakening USD75 billion monthly asset-purchasing program. In U.S. trading on Monday, EUR/USD was up 0.32% at 1.3633. The dollar slumped after the Institute of Supply Management said its non-manufacturing purchasing managers' index fell to 53.0 in December from 53.9 in November. Analysts were expecting the index to increase to 54.5. The data rekindled concerns that the Federal Reserve may go slower than once expected when it comes to dismantling its USD75 billion in monthly bond purchases. The dollar was down against the yen, with USD/JPY down 0.52% at 104.30, and down against the Swiss franc, with USD/CHF down 0.12% at 0.9042. The dollar was mixed against its cousins in Canada, Australia and New Zealand, with USD/CAD up 0.14% at 1.0651, AUD/USD up 0.17% at 0.8964 and NZD/USD trading up 0.20% at 0.8288. The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was down 0.26% at 80.81. SELL GBP/INR BELOW 102.30 TGTS 102.12, 101.90 SL 102.70. BUY GBP/INR ABOVE 102.73 TGTS 102.94, 103.15 SL 102.33. YOUR MINTVISORY The euro was steady at $1.3622, taking a pause after coming off a four-week low of $1.35715 set on Monday. The greenback was up 0.2 percent at 104.47 yen, recouping some of Monday's 0.6 percent decline after the soft U.S. services data. Against a basket of major currencies, the dollar added 0.1 percent. Call us at +91-731-6642300
  7. 7. DAILY REPORT 07th JANUARY. 2014 CALL REPORT PERFORMANCE UPDATES Date Commodity/ Currency Pairs Contract Strategy Entry Level Target Stop Loss Remark 06/01/14 MCX GOLD FEB. BUY 29250 29330-29450 29150 SL TRIGGERED 06/01/14 MCX GOLD FEB. SELL 29000 28920-28820 29101 BOOKED PROFIT 06/01/14 MCX SILVER MAR. BUY 45850 46050-46350 45500 NOT EXECUTED 06/01/14 MCX SILVER MAR. SELL 45250 45050-44750 45600 BOOKED PROFIT 06/01/14 NCDEX CASTOR SEED FEB. SELL 4480 4450-4400 4530 NOT EXECUTED 06/01/14 NCDEX CASTOR SEED FEB. BUY 4600 4630-4680 4550 NOT EXECUTED 06/01/14 NCDEX DHANIYA JAN. SELL 7800 7770-7720 7850 NOT EXECUTED 06/01/14 NCDEX DHANIYA JAN. BUY 8000 8030-8080 7950 BOOKED FULL PROFIT 06/01/14 GBP/INR JAN. SELL 102.85 102.70-102.54 103.25 NOT EXECUTED 06/01/14 GBP/INR JAN. BUY 103.54 103.69-103.87 103.14 NOT EXECUTED 06/01/14 EUR/INR JAN. SELL 85.24 85.09-84.91 85.64 BOOKED PROFIT 06/01/14 EURINR JAN. BUY 85.87 86.02-86.19 85.47 NOT EXECUTED Date Scrip CASH/ FUTURE/ OPTION Strategy Entry Level Target Stop Loss Remark 06/01/14 NIFTY FUTURE BUY 6230-6250 6280-6300 6200 CALL OPEN 06/01/14 BIOCON FUTURE BUY 490 495-499 485 SL TRIGGERED 06/01/14 TATA POWER FUTURE SELL 85 83-81 87 BOOKED PROFIT 06/01/14 FINANCIAL TECH CASH BUY 236 245-255 225 BOOKED FULL PROFIT 03/01/14 NIFTY FUTURE SELL 6240 6220-6190 6265 BOOKED PROFIT YOUR MINTVISORY Call us at +91-731-6642300
  8. 8. DAILY REPORT 07th JANUARY. 2014 ECONOMIC CALENDAR NEXT WEEK'S U.S. ECONOMIC REPORTS TIME (ET) REPORT PERIOD ACTUAL CONSENSUS FORECAST PREVIOUS MONDAY, JAN . 06 10 am ISM nonmanufacturing Dec. 54.6% 53.9% 10 am Factory orders Nov. 1.6% -0.9% -$39.9 bln -$40.6 bln 230,000 215,000 -- $18.2 bln N/A 339,000 TUESDAY, JAN. 07 8:30 am Trade deficit Nov. WEDNESDAY, JAN. 08 8:15 am ADP employment Dec. 2 pm FOMC minutes 12/18 3 pm Consumer credit Nov. THURSDAY, JAN. 08 8:30 am Weekly jobless claims 1/4 FRIDAY, JAN. 09 8:30 am Nonfarm payrolls Dec. 190,000 203,000 8:30 am Unemployment rate Dec. 7.0% 7.0% 10 am Wholesale inventories Nov. -- 1.4% Disclaimer The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits them the most. Sincere efforts have been made to present the right investment perspective. The information contained herein is based on analysis and up on sources that we consider reliable. This material is for personal information and based upon it & takes no responsibility. The information given herein should be treated as only factor, while making investment decision. The report does not provide individually tailor-made investment advice. Epic research recommends that investors independently evaluate particular investments and strategies, and encourages investors to seek the advice of a financial adviser. Epic research shall not be responsible for any transaction conducted based on the information given in this report, which is in violation of rules and regulations of NSE and BSE. The share price projections shown are not necessarily indicative of future price performance. The information herein, together with all estimates and forecasts, can change without notice. Analyst or any person related to epic research might be holding positions in the stocks recommended. It is understood that anyone who is browsing through the site has done so at his free will and does not read any views expressed as a recommendation for which either the site or its owners or anyone can be held responsible for . Any surfing and reading of the information is the acceptance of this disclaimer. All Rights Reserved. Investment in equity & bullion market has its own risks. We, however, do not vouch for the accuracy or the completeness thereof. We are not responsible for any loss incurred whatsoever for any financial profits or loss which may arise from the recommendations above epic research does not purport to be an invitation or an offer to buy or sell any financial instrument. Our Clients (Paid or Unpaid), any third party or anyone else have no rights to forward or share our calls or SMS or Report or Any Information Provided by us to/with anyone which is received directly or indirectly by them. If found so then Serious Legal Actions can be taken. YOUR MINTVISORY Call us at +91-731-6642300