Special report by epic research 9 december 2013


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Special report by epic research 9 december 2013

  1. 1. DAILY REPORT 09th DECEMBER. 2013 Global markets at a glance Global equity markets surged. European equities rose on Friday, snapping their longest losing streak in six months. The FTSEurofirst 300, which had been flat just before the data on worries that the Fed could taper its bond purchases as soon as this month, turned higher to close up 0.7 percent at 1,270.38 points. Hong Kong shares ended slightly up on Friday, The Hang Seng Index finished up 0.1 percent at 23,743.1 points in volatile trade, while the China Enterprises Index of the top offshore Chinese listings in Hong Kong slipped 0.2 percent. World Indices Index Value % Change 16,020.20 +1.26 S&P 500 1,805.09 +1.12 NASDAQ EURO STO FTSE 100 4,062.52 2,979.52 6,551.99 +0.73 +0.91 +0.83 Nikkei 225 Hong Kong 15,299.86 23,743.10 +0.81 +0.13 DJl Top Gainers Company The Dow Jones industrial average .DJI rose 198.69 points, or 1.26%, to 16,020.2. The S&P 500 .SPX gained 20.06 points, or 1.12%, to 1,805.09 and the Nasdaq Composite. IXIC added 29.356 points, or 0.73%, to 4,062.521. CMP Change % Chg TATAPOWER 83.05 5.55 +6.65 292.00 12.05 +4.30 149.5 5.65 +3.93 1,288.50 47.00 +3.79 602.80 20.65 +3.79 CMP Change % Chg 815.7 435.05 120.5 3,327.00 11.75 5.25 1.25 24.30 -1.42 -1.19 -1.03 -0.73 Prev. Close Change %Chg AMARAJABAT 344.70 16.45 +5.01 BIOCON 403.10 11.15 +2.84 626.5 35.5 +6.01 129.75 2.5 +1.96 127.8 9.7 +8.21 Prev. Close Change %Chg 1,047.7 3.80 -0.36 CMP Change % Chg 6,259.90 20,986.53 +18.80 +38.72 +0.30 +0.18 COALINDIA NTPC AXISBANK Wall Street Update U.S. stocks rose for the first time in six days after American employers added more jobs than forecast and the jobless rate dropped to the lowest since 2008. Stocks on Wall Street surged, with the Nasdaq setting a record intraday high for the year and the Dow and S&P rising more than 1%. Previous day Roundup The market closed flat amid consolidation on Friday with the Sensex hovering around 21,000 level as investors are cautious ahead of state polls results due on December 08 and US jobs data. The Sensex rose 38.72 points to 20,996.53 and the Nifty climbed 18.80 points to 6,259.90 while the broader markets outperformed benchmarks. The BSE Midcap and Smallcap indices rose 0.5 percent and 0.4 percent, respectively. Index stats The Bankex and Bank Nifty both advanced 0.49% & 0.47% respectively. Among the sartorial indices all the sectors were up; Capital Goods [up 82.14pts], Oil & Gas [up 31.97pts], AUTO [up 55.60pts], PSU [up 93.11pts], Consumer Durables [up 71.42pts], Metals [up 86.95pts]Realty [up 2.78pts], TECK [up 0.64pts], Power [up 37.87pts], Healthcare [up 32.26pts], FMCG [up 18.23pts]. the index slipped was IT [down 4.81pts]. YOUR MINTVISORY PNB Top Losers Company HDFC RANBAXY HINDALCO INFY Stocks at 52 Week’s high Symbol CERA CROMPGREAV ESCORTS Stocks at 52 Week’s Low Symbol BEL -- Indian Indices Company NIFTY SENSEX Call us at +91-731-6642300
  2. 2. DAILY REPORT 09th DECEMBER. 2013 EQUITY CASH & FUTURE STOCK RECOMMENDATIONS [FUTURE] 1. AXIS BANK STOCK RECOMMENDATION [CASH] 1. HITACHI HOME AXIS BANK FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it continues to sustain above 1280, We advise buying around 1280-1290 levels with strict stop loss of 1260 for the targets of 13201340 levels. HITACHI HOME is looking strong on charts. We advise buying above 156 levels with strict stop loss of 148 for the targets of 164-170 levels. 2. TATA POWER MACRO NEWS  Indo-Canada trade likely to touch $15 billion by 2015.  The Finance Ministry released a document detailing government debt and issuance of securities over the past ten years.  U.S. jobs data gave investors confidence the economy is strong enough to withstand an expected reduction in Federal Reserve stimulus. Consumer spending increased 0.3% in October, or one-tenth of a percentage point more than expected, after rising 0.2% in Sept.  U.S. Consumer Credit rose to a seasonally adjusted 18.19B, from 16.29B in the preceding month whose figure was revised up from 13.74B. Analysts had expected U.S. Consumer Credit to rise 14.50B last month  The central government has stepped in to resolve the sugar crisis in Uttar Pradesh. The govt has announced loans to worth Rs 7,200 crore for sugar mill owners. They will get an interest subvention of 12 percent for these loans which will used to pay sugar cane farmers for procurement. The government also announced some sops to maximize the production of raw sugar. TATA POWER FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it continues to sustain above 87, We advise buying around 87- 88 levels with strict stop loss of 85 for the targets of 90-92 levels. YOUR MINTVISORY Call us at +91-731-6642300
  3. 3. DAILY REPORT FUTURE & OPTION 09th DECEMBER. 2013 STOCKS IN NEWS  Cairn India bids for one block in Sri Lanka.  Lupin launches generic Fenofibric Acid capsules in US.  FIPB meeting on Vodafone proposal postponed to Dec 9. Vodafone to buy out India partners for Rs 10,000 cr.  Apollo to invest Rs 960 cr into Avantha Holdings.  NGO to challenge green nod to Gujarat Pipavav. NIFTY FUTURE MOST ACTIVE PUT OPTION Symbol Option Type Strike Price LTP Traded Volume (Contracts) Open Interest NIFTY PE 6,000 37.45 1,67,592 55,74,850 NIFTY PE 6,100 58.75 1,52,198 39,64,100 NIFTY PE 6,200 87.85 1,40,084 47,70,800 BANK NIFTY PE 11,000 129.50 10,061 2,57,525 POWERGRID PE 90 0.90 SBIN PE 1,800 36.10 1,968 2,68,875 RELIANCE PE 860 14.60 1,666 2,84,250 AXISBANK PE 1,200 21.10 1,616 2,68,250 Strike Price LTP Traded Volume (Contracts) Open Interest 4,957 1,03,94,000 MOST ACTIVE CALL OPTION Symbol Option Type NIFTY CE 6,500 58.90 2,46,740 66,65,550 NIFTY CE 6,400 96.5 2,00,350 64,34,400 NIFTY CE 6,300 145.2 1,57,251 52,98,750 BANKNIFTY CE 12,000 323.4 16,646 2,37,800 POWERGRI CE 95 2.40 5,144 74,22,000 SBIN CE 1,900 58.00 4,501 3,05,375 AXISBANK CE 1,300 50.25 2,360 2,35,500 RELIANCE CE 880 19.55 2,208 4,28,750 MCDOWELL-N CE 2,600 73.80 1,823 1,48,125 Nifty Future closed in the green in the last trading session. We advise buying around 6270-6290 with strict stop loss of 6250 for the targets of 6320-6350 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 42921 1338.96 43516 1357.05 470675 14763.91 -18.08 INDEX OPTIONS 312423 9652.44 334718 10386.20 1769360 55223.21 -733.76 STOCK FUTURES 54614 1496.77 65162 1812.77 1108192 31000.27 -316.00 STOCK OPTIONS 21943 626.13 23452 664.43 45488 1225.47 -38.30 TOTAL -1106.15 INDICES NIFTY S2 S1 PIVOT R1 R2 6210.73 6235.31 6255.33 6279.91 6299.93 NIFTYJUNIOR 12343.43 12391.81 12432.53 12480.91 12521.63 BANK NIFTY 11498.96 11609.58 11690.11 11800.73 11881.26 YOUR MINTVISORY Call us at +91-731-6642300
  4. 4. DAILY REPORT 09th DECEMBER. 2013 COMMODITY MCX RECOMMENDATIONS SILVER TRADING STRATEGY: BUY SILVER ABOVE 44500 TGTS 44750/45050 SL 44200 SELL SILVER BELOW 43850 TGTS 43600/43300 SL 44150 GOLD COMMODITY ROUNDUP India gold futures edged lower, crude oil recorded a steep fall due to profit booking while copper rose on Friday amid weak global cues and firm Indian Rupee. Gold futures for February delivery on India's MCX was seen trading with a loss of 0.35% at Rs.29104 per 10 grams as of 17.39 IST on Friday. U.S. gold futures for February delivery underperformed spot prices, to settle down $2.90 at $1,229. MCX Copper for February delivery was seen trading with a positive note. MCX copper for February delivery was seen trading with a gain of 0.42% at Rs.449 per kilogram as of 17.47 IST on Friday. Tracking a weak global trend, copper prices fell by 0.18% to Rs 446.30 per kg in futures trade on Friday as speculators offloaded positions. At the MCX, copper for delivery in February next year fell 80 paisa, or 0.18%, to Rs 446.30 per kg in business turnover of 642 lots. Similarly, the metal for delivery in April 2014 contracts traded lower by 65 paisa, or 0.14%, to Rs 452.50 per kg in 15 lots. Meanwhile, copper fell 0.2% to $7,057 a tonne on the London Metal Exchange. MCX Crude Oil December contract edged lower on Friday due to profit booking. MCX crude oil for February delivery was seen trading with a gain of 0.68% at Rs.5993 per barrel as of 17.55 IST on Friday. Brent crude settled up 0.63 percent at $111.61 a barrel. U.S. crude settled up 27 cents at $97.65 a barrel. Silver prices fell by 0.97% to Rs 44,900 per kg in futures trade on Friday after speculators trimmed positions amid a weak trend in the global markets. At MCX, the May silver next year contracts traded Rs 440, or 0.97%, lower at Rs 44,900 per kg in business turnover of six lots. Similarly, March delivery declined by Rs 319, or 0.94%, to Rs 44,042 per kg in business volume of 562 lots. In the international market, silver traded 1.42% lower at $19.44 an ounce in New York on Friday. A subdued trend in precious metals in the global markets . TRADING STRATEGY: BUY GOLD ABOVE 29100 TGTS 29200/29350 SL 29000 SELL GOLD BELOW 28850 TGTS 28750/28600 SL 29000 YOUR MINTVISORY Lead prices shed 0.23% to Rs 128.95 per kg in futures trading due to sluggish demand from battery-makers in the spot market amid a weak global trend. At the MCX, lead for delivery in January declined 30 paise, or 0.23%, to Rs 128.95 per kg in business turnover of 10 lots. Call us at +91-731-6642300
  5. 5. DAILY REPORT 09th DECEMBER. 2013 NCDEX RECOMMENDATIONS NCDEX INDICES CASTORSEED Index Value % Change Barley 1361 +0.74 Castor Seed 4430 +2.40 Chana 2949 +1.44 Chilli 6858 +3.31 Coriander 7365 -1.52 Cotton Seed Oilcake 7365 +0.85 Jeera 1427 -0.38 12360 +0.30 Ref Soya Oil 3727 +0.67 Turmeric 4978 -0.04 Mustard seed BUY CASTORSEED ABOVE 4480 TGTS 4470/4520 SL 4390 SELL CASTORSEED BELOW 4370 TGTS 4340/4290 SL 4420 DHANIYA NCDEX ROUNDUP India demand for pulses in 2013-14 as projected by the 12th plan working group on Food-grains of Ministry of Agriculture, is at around 21.77 mn tons, implying a shortfall in domestic availability which may necessitate imports, India pulses production for the year 2013-14 is targeted at 19 mn tons. Kharif pulses production is projected at 6.01 mn tons for 2013-14. The United Nations has indicated that there is potential for a further rise in world wheat production in 2014, even as it raised its estimate for this year's crop to a record high, overall wheat plantings for the next harvest could increase slightly compared to last year. SELL DHANIYA BELOW 7300 TGTS 7270/7220 SL 7350 BUY DHANIYA ABOVE 7440 TGTS 7470/7510 SL 7380 YOUR MINTVISORY Chana prices rose by 0.14% to Rs 2,911 per quintal in futures trade today as speculators created fresh positions, supported by an improvement in spot market demand due to ongoing marriage season. At the NCDEX, chana for delivery in December rose by Rs 4, or 0.14% to Rs 2,911 per quintal with an open interest of 55,400 lots. Similarly, the commodity for delivery in January edged up by Rs 4, or 0.13% to Rs 3,036 per quintal in 69,690 lots. Call us at +91-731-6642300
  6. 6. DAILY REPORT 09th DECEMBER. 2013 CURRENCY RBI Reference Rate Currency Rate Currency Rupee- $ 61.6673 Yen-100 Euro 84.2546 GBP JPY/INR Rate 60.4000 100.6472 CURRENCY ROUNDUP The Indian rupee rose on Friday, notching up a third week of gains, The partially convertible rupee closed at 61.41/42 per dollar compared with 61.7525/7625 on Thursday, notching up a third day of gains. For the week, the rupee was up 1.7%, its biggest weekly win in ten. The rupee's gains this week were also aided by strong foreign interest in bidding for Power Grid Corp of India's $1.1 billion share sale. Foreign investors bid for shares worth $2.7 billion. The rupee continued to rule firm for the third consecutive day on Friday by gaining another 11 paisa to 61.64 per dollar in the early trades on persistent selling of the US currency by banks and exporters in view of strong foreign capital inflows. Weakness of dollar in overseas market also boosted the rupee value. SELL JPY/INR BELOW 60.45 TGTS 60.30,60.14 SL 60.80. BUY JPY/INR ABOVE 60.95 TGTS 61.13,61.30 SL 60.60. EUR/INR SELL EUR/INR BELOW 84.40 TGTS 84.25, 84.09 SL 84.78. BUY EUR/INR ABOVE 84.75 TGTS 84.96, 85.16 SL 84.30. YOUR MINTVISORY The dollar rose against the yen on Friday after stronger-than -expected U.S. jobs data gave investors confidence the economy is strong enough to withstand an expected reduction in Federal Reserve stimulus. Against the yen, the dollar was last up 1.06 percent at 102.86 yen. The dollar's gains versus the euro were short-lived, as the euro zone common currency was boosted by rising short-term interest rates a day after the European Central Bank dampened hopes for an imminent easing move. The euro was up 0.25 percent against the dollar to $1.3701. The dollar index .DXY, which tracks the greenback versus a basket of six currencies, rose 0.05 percent to 80.277. A recovery in the rupee is giving Finance Minister P Chidambaram rare relief in his battle against a threatened credit rating downgrade to junk status by reducing pressure on the government's subsidy bill. Investments by FIIs in the Indian stock market have crossed Rs 1 lakh cr so far this year, while inflows are expected to improve further after state assembly election results have brightened the chances of a BJP-led govt. at the Centre. Call us at +91-731-6642300
  7. 7. DAILY REPORT 09th DECEMBER. 2013 CALL REPORT PERFORMANCE UPDATES Date Commodity/ Currency Contract Strategy Entry Level Target Stop Loss Remark 06/12/13 MCX GOLD FEB BUY 29450 29530-29630 29350 NOT EXECUTED 06/12/13 MCX GOLD FEB SELL 29160 29060-28940 29280 BOOKED FULL PROFIT 06/12/13 MCX SILVER MAR BUY 44920 45120-45420 44620 NOT EXECUTED 06/12/13 MCX SILVER MAR SELL 44290 44090-43790 44590 BOOKED PROFIT 06/12/13 NCDEX CASTOR SEED JAN. SELL 4320 4290-4240 4370 BOOKED PROFIT 06/12/13 NCDEX CASTOR SEED JAN. BUY 4370 4400-4450 4320 BOOKED FULL PROFIT 06/12/13 NCDEX DHANIYA DEC. BUY 7600 7630-7670 7550 NOT EXECUTED 06/12/13 NCDEX DHANIYA DEC. SELL 7450 7420-7370 7500 SL TRIGGERED 06/12/13 GBP/INR DEC. SELL 101.20 101.07-100.8 101.65 BOOKED PROFIT 06/12/13 GBP/INR DEC. BUY 101.95 102.12-102.38 101.45 NOT EXECUTED 06/12/13 EUR/INR DEC. SELL 84.00 83.85-83.67 84.45 NOT EXECUTED 06/12/13 EURINR DEC. BUY 84.75 84.96-85.16 84.30 NOT EXECUTED Stop Loss Remark Date Scrip CASH/FUTURE Strategy Entry Level Target 06/12/13 NIFTY FUTURE BUY 6240-6250 6280-6330 6200 NOT EXECUTED 06/12/13 YES BANK FUTURE BUY 392-395 400-410 385 CALL OPEN 06/12/13 HIND PETRO FUTURE BUY 222-224 228-230 218 CALL OPEN 06/12/13 SAREGAMAINDIA CASH BUY 80 85-90 75 NOT EXECUTED US ECONOMIC REPORT TIME (ET) REPORT PERIOD ACTUAL CONSENSUSFORECAST PREVIOUS MONDAY, DEC. 09 None scheduled 7:30 am 10 am 10 am NFIB small business index Job openings Wholesale inventories 2 pm Federal budget 8:30 am 8:30 am 8:30 am 8:30 am 10 am Weekly jobless claims Retail sales Retail sales ex-autos Import price index Business inventories 8:30 am 8:30 am Producer price index Core PPI TUESDAY, DEC. 10 Nov. Oct. Oct. WEDNESDAY, DEC. 11 Nov. THURSDAY, DEC. 12 12/7 Nov. Nov. Nov. Oct. FRIDAY, DEC. 13 Nov. Nov. ---- 91.6 3.9 mln 0.4% -- -$172 bln N/A 0.3% 0.2% -0.8% 0.3% N/A 0.4% 0.2% -0.7% 0.6% 0.1% 0.1% -0.2% 0.2% 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 informat ion 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