Special report by epic research 9 january 2014


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Special report by epic research 9 january 2014

  1. 1. DAILY REPORT 09th JANUARY. 2014 Global markets at a glance Japan's Nikkei share average fell on Thursday morning after rising sharply on the previous day, as investors stayed risk averse before the release of U.S. nonfarm payroll data on Friday. Eyes will now be on Friday's nonfarm payroll report, which will indicate how the U.S. economy is faring and therefore how fast the Federal Reserve will scale back stimulus. Asian shares got off to a weak start on Thursday after a lackluster performance on Wall Street overnight and ahead of Chinese inflation data, while the dollar stood tall against a basket of currencies. World Indices Wall Street Update The S&P 500 finished nearly flat on Wednesday as equity indexes had a muted reaction to the minutes from the US Federal Reserve's most recent meeting, while Micron's strong results helped buoy the Nasdaq. The Fed’s bond purchases had been understood to weigh on the dollar .the fact that the minutes do not meaningfully alter the outlook for a gradual and steady reduction in Fed stimulus remains positive for the dollar Company Index Value % Change 14462.74 -68.20 S&P 500 1837.49 -0.02 NASDAQ EURO STO FTSE 100 4165.61 3110.65 6721.78 12.43 -0.01 -0.50 Nikkei 225 Hong Kong 15898.55 23,022.88 -1.38 +0.11 DJl Top Gainers CMP Change % Chg COAL INDIA 288.90 13.55 +4.92 CIPLA 404.00 13.15 +3.36 GAIL 346.15 8.15 +2.41 BANKBARODA 630.00 13.20 +2.14 TATAPOWER 81.10 1.55 +1.95 CMP Change % Chg 1,208.10 316.80 998.00 473.00 162.55 26.15 6.75 20.70 7.40 2.45 -2.12 -2.09 -2.03 -1.54 -1.48 Prev. Close Change %Chg ABAN 434.50 9.70 +2.28 ARVIND 153.05 0.60 -0.39 BFUITLITIE 640.60 30.50 5.00 HCLTECH 1,247.80 8.55 -0.68 MARUTI 1,850.40 4.65 +0.25 Prev. Close Change %Chg CMP Change % Chg 6,174.60 20,729.38 +12.35 +36.14 +0.20 +0.17 Top Losers Company Previous day Roundup The market snapped five-day losing streak on Wednesday and closed higher for the first time in 2014, though overall it was a consolidation day ahead of Q3 earnings. The Sensex rose 36.14 points to 20,729.38, and the Nifty climbed 12.35 points to 6,174.60 while the broader markets outperformed benchmarks. The BSE Midcap Index advanced 0.6 percent and Smallcap gained 0.3 percent. Advancing shares outnumbered declining ones by a ratio of 1499 to 1043 on the BSE. The market is eagerly waiting for third quarter earnings (October-December) that will start on Friday with Infosys announcing results. Index stats The Market was very volatile in yesterday session where Bank and Bank Nifty both closed almost flat (up.0.14% and up 0.15% respectively). Among the sartorial indices the sectors which were up are; AUTO [up 85.57pts], PSU [up 46.25pts], TECK [up 3.29pts], Oil & Gas [up 29.16 pts], Metals [up 41.18 pts], , IT [up 7.47pts], Healthcare [up 104.44pts], FMCG [up 11.33pts] and the index declined were Realty [down 6.19pts], Power [down 0.43pts], Capital Good down 133.33pts,Consumer Durables down 34.00pts. AXISBANK BPCL LT RANBAXY BHEL 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 09th JANUARY. 2014 EQUITY CASH & FUTURE STOCK RECOMMENDATIONS [FUTURE] 1. SYNDICATE BANK STOCK RECOMMENDATION [CASH] 1. GRAVITA SYNDICATE BANK FUTURE is looking strong on charts, we may see more upside, if it sustains above 98.50 levels. We advise buying above 98.50 levels with strict stop loss upside, if it sustains above 98.50. We advise buying above 98.50 with stop loss 96.50 for the targets of 99.50-101.50. GRAVITA is looking strong on charts. We advise buying above 46 levels with strict stop loss of 41 for the targets of 50-54 levels. 2. FRL MACRO NEWS  It is expected that a low base effect last quarter is expected to support the net profit growth of Infosys for the December 2013 quarter even though the top-line growth would be weak.  The CCEA is expected to consider a proposal tomorrow to hike import duty on refined edible oil to 10 per cent for protecting domestic industry and farmers.  Banks borrowed 4,145 cr rupees via MSF on January 7.  RBI favours differentiated banks, one for low-income households.  India permits 100 per cent FDI in pharma through automatic approval route in the green-field, or new projects.  AirAsia to cut costs by 7%.  Unable to bank on Switzerland, India intensifies pressure for information on tax evaders, account holders.  STC gets highest bid at $282.62/T in wheat export tender.  India seeks South Korean investment in infra sector. FRL FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sustains above 90 levels. We advise buying around 89-90 levels with strict stop loss 87 for the targets of 92-94 levels. YOUR MINTVISORY Call us at +91-731-6642300
  3. 3. DAILY REPORT FUTURE & OPTION 09th JANUARY. 2014 STOCKS IN NEWS  ONGC Videsh-Oil India complete acquisition of Videocon stake for $2.475 billion  IDBI BANK Loan to Dabhol may become bad debt:  SPICE JET will buy 42 Boeing 737 MAX jets for USD 4 billion  RELIANCE Barclays is equal weight on Reliance and raised target to Rs 1,040 from Rs 900/share MOST ACTIVE PUT OPTION Symbol Option Type Strike Price LTP Traded Volume (Contracts) Open Interest NIFTY PE 6,200 93.40 2,09,393 41,69,300 NIFTY PE 6,100 55.50 1,94,229 44,61,900 NIFTY PE 6,000 30.90 1,41,900 48,81,000 BANK NIFTY PE 10,500 81.00 14,353 2,09,650 SBIN PE 1,600 26.00 2,779 2,37,125 INFY PE 3,100 21.80 3,737 4,90,875 RELIANCE PE 840 14.05 1,553 3,48,500 AXISIBANK PE 1,200 38.25 1,437 1,79,500 NIFTY FUTURE MOST ACTIVE CALL OPTION Symbol Option Type Strike Price LTP Traded Volume (Contracts) Open Interest NIFTY CE 6,300 47.05 2,25,162 51,05,500 NIFTY CE 6,200 89.55 1,63,686 30,77,450 NIFTY CE 6,400 21.75 1,57,109 42,17,650 BANKNIFTY CE 11,500 125.85 22,600 2,53,500 SBIN CE 1,700 34.70 6,380 4,49,125 RELIANCE CE 860 17.25 5,169 7,77,250 INFY CE 3,800 21.20 3,437 4,87,500 SBIN CE 1,800 11.90 3,253 8,75,250 INFY CE 3,600 71.20 3,071 4,29,250 Nifty Future closed in the red in the last trading session. We advise selling below 6170 with strict stop loss of 6200 for the targets of 6140-6120 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 27887 842.31 44678 1366.54 434004 13323.59 -524.23 INDEX OPTIONS 231881 7083.99 236446 7243.37 1117084 34345.63 -159.38 STOCK FUTURES 58618 1900.91 58826 1926.94 999498 31531.48 -26.03 STOCK OPTIONS 30235 937.09 30747 959.44 60965 1948.25 -22.35 TOTAL -731.91 INDICES S2 S1 PIVOT R1 R2 NIFTY 6143.93 6159.26 6175.68 6191.01 6207.43 NIFTYJUNIOR 2599.66 12655.13 12718.96 12774.43 12838.26 BANK NIFTY 10921.13 10987.41 11055.08 11121.36 11189.03 YOUR MINTVISORY Call us at +91-731-6642300
  4. 4. DAILY REPORT 09th JANUARY. 2014 COMMODITY MCX RECOMMENDATIONS SILVER COMMODITY ROUNDUP Deutsche Bundes bank said factory orders surged by a seasonally adjusted 2.1% in November, surpassing expectations for a gain of 1.5%. Factory orders fell by 2.1% in October, whose figure was revised from a previously reported drop of 2.2%. German factory orders rose more-than-expected in November, fuelling optimism over the health of the euro zone's largest economy. Year-over-year, German factory orders increased at an annualized rate of 6.8% in November from a year earlier, beating forecasts for a 6.1% gain, after rising at a rate of 2% in October. TRADING STRATEGY: BUY SILVER ABOVE 44500 TGTS 44700/4500 SL 44100 SELL SILVER BELOW 43650 TGTS 43450/43150 SL 44050 GOLD TRADING STRATEGY: BUY GOLD ABOVE 28900 TGTS 28980/29080 SL 28780 SELL GOLD BELOW 28690 TGTS 28610/28510 SL 28800 YOUR MINTVISORY India's gold imports fell significantly after the Union Government raised customs duty on gold in phases to 10% and jewellery import duty to 15%. Apart from this a new regulation which came into effect a few months ago stipulated that 20% of all gold imported had to be exported in value added form. Various measures taken to curb consumption of gold including restrictions on gold loans caused gold imports to fall from a high of 163 tons in May 2013 to 19.3 tons in November. The Gems and Jewellery Trade Federation said it expects India's gold imports to fall significantly by 20-30% to 500 tons in 2014 on huge price differential between Indian and global gold prices commanding a premium of $100 over LBMA fix 32% decline in consumer demand at 148 tons compared to 310 tons in the second quarter of this year. MCX Crude oil futures slipped yesterday amid a flat undertone in the global prices and modest gains in the Indian Rupee. The global crude prices recovered from five week low yesterday as the US stocks gained but remained locked in a tight range today as investors waited for the minutes of the last FOMC meet and US Energy Information Administration (EIA) crude oil inventories data. WTI Crude oil quotes at $93.88, up 21 cents per barrel on the day ahead of the floor trading. MCX Crude oil trades at Rs 5843, down Rs 13 per barrel on the day with 14.25% increase in the open interest. Call us at +91-731-6642300
  5. 5. DAILY REPORT 09th JANUARY. 2014 NCDEX RECOMMENDATIONS CASTORSEED NCDEX INDICES Index Value % Change Castor Seed 4419 +2.43 Chana 2993 +0.10 Coriander 7945 -0.04 Cotton Seed Oilcake 1520 -0.72 12550 +0.42 Maize– Feed/ Industrial Grade 1208 -0.82 Mustard seed 3597 -0.28 Soy Bean 3661 -0.77 Sugar M Grade 2798 -0.29 Turmeric 6810 -0.61 Jeera BUY CASTORSEED FEB ABOVE 4560 TGTS 4590,4640 SL 4510 SELL CASTORSEED FEB BELOW 4420 TGTS 4190,4140 SL 4470 DHANIYA NCDEX ROUNDUP The Vietnam Pepper Association (VPA) projects export volume of around 125,000 to 130,000 tons with revenue of around USD900 million for the year 2014, equivalent to 2013′ s earnings. The forecast is rather cautious after pepper prices stayed stable at around VND120,000 a kilo during last year. Coriander prices fell by 1.22% to Rs 8,171 per quintal in futures trade yesterday as speculators booked profits at existing higher levels amid fall in spot market demand. At the NCDEX, coriander prices for delivery in February fell by Rs 101, or 1.22%, to Rs 8,171 per quintal with an open interest of 25,560 lots. The price for January delivery declined by Rs 53, or 0.66%, to Rs 7,895 per quintal with open interest of 12,720 lots. Besides profit-booking by speculators at existing higher levels, sluggish demand in the spot market led to the fall in coriander futures prices. BUY DHANIYA JAN ABOVE 8030 TGTS 8060,8110 SL 7980 SELL DHANIYA JAN BELOW 7890 TGTS 7860,7810 SL 7940 YOUR MINTVISORY Potato prices moved up by Rs 4.50 to Rs 957.40 per quintal in futures trade yesterday on increased spot demand against restricted arrivals. Trading sentiment improved further as traders enlarged holdings driven by surge in demand in the spot market. At the MCX potato for delivery in March rose by Rs 4.50, or 0.47%, to Rs 957.40 per quintal, with trading volume of 315 lots. Call us at +91-731-6642300
  6. 6. DAILY REPORT 09th JANUARY. 2014 CURRENCY RBI Reference Rate Currency Rate Currency Rupee- $ 62.2430 Yen-100 Euro 84.8185 GBP EUR/INR Rate 59.3400 102.1719 CURRENCY ROUNDUP The rupee gained for the second day, climbing 23 paise to a one-week high of 62.07 against the dollar yesterday, amid a modest recovery in local stocks and sales of the US currency by exporters and banks. Indian rupee gained in opening trade on Wednesday against the US dollar. Rupee opened higher by 10 paise or 0.16% against US dollar at Rs 62.21 compared to previous close of 62.31. The rupee bounced back and ended at the day's high of 62.07, a rise of 23 paise or 0.37 percent. It was the highest level for the rupee since closing at 61.90 on January 1. SELL GBP/INR BELOW 102.28 TGTS 102.13, 101.98 SL 102.68. BUY GBP/INR ABOVE 102.67 TGTS 102.84, 103.03 SL 102.27. GBP/INR The dollar rose against the yen on Wednesday as upbeat U.S. trade data the previous day triggered renewed appetite for riskier assets among global investors. The Canadian dollar, against which hedge funds have been betting, dropped versus the U.S. currency after activity by purchasing managers nosedived unexpectedly in December. The U.S. dollar rose 0.5 percent to 105.07 yen, pulling further away from Monday's two-week low of 103.88 and back towards last week's five-year high of 105.45 yen. Options expiring at 105 yen, which could help pin the Japanese currency at these levels. The dollar index .DXY hit a one-month high of 80.954 and was last up 0.1 percent on the day at 80.943. Data on Tuesday showing the smallest U.S. trade deficit in four years, as exports hit a record high, lifted the dollar. At the same time, global stocks rose, indicating the greater risk appetite that is usually a sign to sell the yen. SELL EUR/NR BELOW 84.65 TGTS 84.53, 84.42 SL 85.01. BUY EUR/INR ABOVE 85.23 TGTS 85.39, 85.54 SL 84.87. YOUR MINTVISORY The dollar pared earlier losses against the euro, with the single currency down 0.1 percent at $1.3604. The greenback moved higher against most major currencies on Wednesday after industry data revealed more hiring took place in the U.S. private sector last December than anticipated. U.S. trading on Wednesday, EUR/USD was down 0.26% at 1.3581 . Call us at +91-731-6642300
  7. 7. DAILY REPORT 09th JANUARY. 2014 CALL REPORT PERFORMANCE UPDATES Date Commodity/ Currency Pairs Contract Strategy Entry Level Target Stop Loss Remark 08/01/14 MCX GOLD FEB. BUY 29020 29100-29200 28900 NOT EXECUTED 08/01/14 MCX GOLD FEB. SELL 28790 28710-28610 28900 BOOKED PROFIT 08/01/14 MCX SILVER MAR. BUY 44700 44900-45200 44340 NOT EXECUTED 08/01/14 MCX SILVER MAR. SELL 44280 44080-43780 44630 BOOKED FULL PROFIT 08/01/14 NCDEX CASTOR SEED FEB. SELL 4350 4320-4270 4400 BOOKED FULL PROFIT 08/01/14 NCDEX CASTOR SEED FEB. BUY 4405 4435-4485 4355 SL TRIGGERED 08/01/14 NCDEX DHANIYA JAN. SELL 7820 7790-7740 7870 NOT EXECUTED 08/01/14 NCDEX DHANIYA JAN. BUY 8000 8030-8080 7950 BOOKED PROFIT 08/01/14 JPY/INR JAN. SELL 59.78 59.63-59.45 60.13 NOT EXECUTED 08/01/14 JPY/INR JAN. BUY 60.19 60.34-60.49 59.84 NOT EXECUTED 08/01/14 USD/INR JAN. SELL 62.46 62.31-62.16 62.81 BOOKED PROFIT 08/01/14 USD/INR JAN. BUY 62.80 62.95-63.10 62.45 NOT EXECUTED Date Scrip CASH/ FUTURE/ OPTION Strategy Entry Level Target Stop Loss Remark 08/01/14 NIFTY FUTURE SELL 6170 61040-6120 6200 NOT EXECUTED 08/01/14 TATASTEEL FUTURE SELL 395-400 388-382 408 CALL OPEN 08/01/14 MARUTI FUTURE BUY 1850-1860 1880-1900 1830 CALL OPEN 08/01/14 EVERONN CASH BUY 47 52-59 42 BOOKED PROFIT 07/01/14 NIFTY FUTURE SELL 6200 6150-6110 6250 CALL OPEN YOUR MINTVISORY Call us at +91-731-6642300
  8. 8. DAILY REPORT 09th JANUARY. 2014 ECONOMIC CALENDAR NEXT WEEK'S U.S. ECONOMIC REPORTS TIME (ET) REPORT PERIOD ACTUAL CONSENSUS FORECAST PREVIOUS -- -0.6% MONDAY, DEC. 30 10 am Pending home sales Nov. TUESDAY, DEC. 31 9 am 9:45 am 10 am Case-Shiller home prices Oct. -- 13.3% y-o-y Chicago PMI Dec. 61.8 63.0 Consumer confidence Dec. 75.0 70.4 12/28 N/A 338,000 WEDNESDAY, JAN. 01 New Year's Day None scheduled THURSDAY, JAN. 02 8:30 am Weekly jobless claims 9 am Market PMI Dec. -- 54.4 10 am ISM Dec. 56.9% 57.3% 10 am Construction spending Nov. 0.9% 0.8% 16.0 mln 16.3 mln FRIDAY, JAN. 03 TBA Motor vehicle sales Dec. 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