DAILY REPORT 12th DECEMBER. 2013
Global markets at a glance Asian shares slipped to a four-week low on Thursday on heightened expectations the Federal Reserve may act sooner than later to unwind its stimulus after a provisional budget deal in Washington eased some of the fiscal drag on the U.S. economy. In Tokyo, the benchmark Nikkei shed 1.1 percent, extending declines into a third day. European shares eased in late trade on Wednesday, The FTSEurofirst 300 was down 0.5% at 1,256.32 points at the close, having given up earlier gains after Wall Street opened lower. The EuroSTOXX 50 has dropped 4.5% in Dec
World Indices Index
Value
% Change
15,843.53
-0.81
S&P 500
7,782.22
-1.13
NASDAQ EURO STO FTSE 100
4,003.81 2,947.31 6,507.72
-1.40 -0.46 -0.24
Nikkei 225 Hong Kong
15,289.25 23,296.62
-1.46 -0.18
DJl
Top Gainers Company
The Dow Jones industrial average fell 129.60 points or 0.81 percent, to end at 15,843.53. The S&P 500 slid 20.40 points or 1.13 percent, to close at 1,782.22. The Nasdaq Composite dropped 56.677 points or 1.4 percent, to finish at 4,003.813. Wall Street Update U.S. stocks posted their biggest drop in a month, with the Standard & Poor's 500 .SPX down 1.1 percent, as traders locked in recent gains after Congress announced the provisional budget deal. Previous day Roundup Indian shares fell on Wednesday, continuing to retreat from record highs at the start of the week, as investors took profits in blue chips ahead of inflation data. The benchmark BSE index fell 0.39 percent, or 83.85 points, to end at 21,171.41, retreating further from a record high of 21,483.74 hit on Monday. The broader NSE index fell or 0.39 percent, or 24.95 points, to end at 6,307.90, lower than its record high of 6,415.25, also on Monday. Index stats The Bankex and Bank Nifty both declined 0.38% & 0.58% respectively. Among the sartorial indices all the sectors were down; Capital Goods [down 143.29pts], Oil & Gas [up pts], AUTO [down 130.92pts], PSU [down 51.03pts], Consumer Durables [down 31.90pts], Metals [down 61.92pts], Realty [down 7.48pts], TECK [down 20.10pts], IT [down 23.25pts], Power [down 3.98pts], and Healthcare [down 25.05 pts], the only index up was FMCG [up 35.06pts].
CMP
Change
% Chg
NTPC
139.20
3.15
+2.32
HDFC
824
15.05
+1.86
HCLTECH
1,175
20.15
+1.74
AXISBANK
1,282
17.15
+1.36
COALINDIA
289.45
3.60
+1.26
CMP
Change
% Chg
377.5 690.95 1,804 350.1 85.9
13.20 15.35 39.30 7.60 1.85
-3.38 -2.17 -2.13 -2.12 -2.11
Prev. Close
Change
%Chg
HCLTECH
1,175
20.15
+1.74
HEROMOTOCO
2,169
31.05
-1.41
INFOTECENT
307
8.65
+2.90
KAJARIACER
285.3
6.75
+2.42
SASKEN
170.1
0.05
+0.03
Prev. Close
Change
%Chg
49.5
0.35
+0.71
CMP
Change
% Chg
6,307.9 21,171.41
-24.95 -38.85
-0.39 -0.39
Top Losers Company
TATAMOTORS BANKBARODA SBIN BPCL TATPOWER
Stocks at 52 Week’s high Symbol
Stocks at 52 Week’s Low Symbol
DSKULKARNI --
Indian Indices Company NIFTY SENSEX
YOUR MINTVISORY
Call us at +91-731-6642300
DAILY REPORT 12th DECEMBER. 2013
EQUITY CASH & FUTURE
STOCK RECOMMENDATIONS [FUTURE] 1. YES BANK
STOCK RECOMMENDATION [CASH] 1. ELDER PHARMA
YES BANK FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it continues to sustain above 390, We advise buying above 390 levels with strict stop loss 392 for the targets of 398-405 levels.
ELDER PHARMA is looking strong on charts. We advise buying around 310-315 levels with strict stop loss of 305 for the targets of 325-335 levels.
2. HCL TECH
MACRO NEWS
HCL TECH FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it continues to sustain above 1180 We advise buying above 1180 levels with strict stop loss of 1160 for the targets of 1200-1220 levels.
YOUR MINTVISORY
The trade numbers indicated export growth eased to a five month low of 5.9% due to a fall in shipments of petroleum goods and rough diamonds, imports de-growth at 16.4%. As result the overall trade deficit narrowed to USD 9.2 billion, which is the second lowest level during the ongoing fiscal. Trade deficit in Nov 2012 was at US $ 17.2 bn. Gold and silver imports in November dipped by 80.49% to US $ 1.05 bn from USD 5.4 billion in the same period last year. Oil imports too dipped by 1.1% to USD 12.96 bn during the month.
Money supply rose an annualized 14.5% in the two weeks to Nov 29, faster than 12.6% a year earlier. Money supply was 91.46 trillion rupees as of November 29, compared with 90.74 trillion rupees on Nov 15.
November CPI and October IIP data is to be announced today. Which are likely to disappoint. The IIP is estimated to fall to 1.2 percent from 2 percent in the previous month. The report on consumer prices (CPI) today will be followed by the wholesale price inflation (WPI) on Monday, which will help set expectations ahead of the Reserve Bank of India's policy review on Dec. 18.
Call us at +91-731-6642300
DAILY REPORT FUTURE & OPTION
12th DECEMBER. 2013
STOCKS IN NEWS Canara Bank to get capital infusion of Rs 500 cr from govt. Britannia sets up bakery products unit at Jhagadia in Gujarat. Finance Ministry in-principle backs Oil Ministry plan on RIL gas price. Colgate Palmolive obtained a favorable court order against its arch rival Hindustan Unilever.
MOST ACTIVE PUT OPTION Symbol
Option Type
Strike Price
LTP
Traded Volume (Contracts)
Open Interest
NIFTY
PE
6,300
57.35
3,10,378
38,21,400
NIFTY
PE
6,200
29.70
2,49,805
47,26,750
NIFTY
PE
6,100
14.75
1,49,549
40,58,100
BANK NIFTY
PE
11,500
120
16,514
1,08,100
SBIN
PE
1,800
42.05
5,787
2,52,125
TATASTEEL
PE
420
10.35
1,645
8,09,000
RELIANCE
PE
860
5.50
1,535
1,97,500
AXISBANK
PE
1,200
11.50
1,370
3,21,000
Strike Price
LTP
Traded Volume (Contracts)
Open Interest
NIFTY FUTURE
MOST ACTIVE CALL OPTION Symbol
Option Type
NIFTY
CE
6,400
60
3,96,663
50,36,100
NIFTY
CE
6,500
26.55
2,36,291
53,77,350
NIFTY
CE
6,300
112.8
1,98,843
43,43,950
BANKNIFTY
CE
12,000
250
25,906
3,12,875
SBIN
CE
1,900
21.00
8,391
4,04,500
RELIANCE
CE
900
11.20
2,857
7,43,750
NTPC
CE
140
3.25
2,358
30,38,000
DLF
CE
160
5.40
2,269
16,35,000
TCS
CE
2,100
26.00
2,040
2,61,875
Nifty Future closed in the green in the last trading session. We advise buying around 6325-6340 with strict stop loss of 6305 for the targets of 6375-6395 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
41630
1302.12
38888
1215.52
574225
18140.75
86.60
INDEX OPTIONS
368649
11495.32
375253
11663.30
1679426
52817.06
-167.98
STOCK FUTURES
47340
1338.63
62242
1830.56
1148621
32143.08
-491.92
STOCK OPTIONS
31833
886.62
31736
883.37
46879
1279.42
3.25
TOTAL
-570.05
INDICES NIFTY
S2
S1
PIVOT
R1
R2
6258.56
6283.23
6304.91
6329.58
6351.26
NIFTYJUNIOR
12299.25
12354.25
12417.55
12472.55
12535.85
BANK NIFTY
11593.08
11688.71
11783.23
11878.86
11973.38
YOUR MINTVISORY
Call us at +91-731-6642300
DAILY REPORT 12th DECEMBER. 2013
COMMODITY MCX
RECOMMENDATIONS SILVER
COMMODITY ROUNDUP MCX GOLD February contract was closed at Rs 29460 down Rs 75 , or- 0.25 percent. The GOLD rate touched an intraday high of Rs 29639 and an intraday low of Rs 29272. So far 13196 contracts have been traded. Gold Price is taking support at 29250 and trade in sideways range all day. In evening session gold price break the nearest support of 29530 and made new low of 29272. MCX SILVER march contract was closed at Rs 45730 up Rs 280, or +0.62 percent. The SILVER rate touched an intraday high of Rs 45845 and an intraday low of Rs 45251. So far 15713 contracts have been traded. Silver opened at morning with gap up and made day low. In mid session silver trade in big range and made night low 45251 . After 6.00 p.m. Have seen more selling pressure in silver and it will helpful to break the nearest resistance of 45950.
TRADING STRATEGY: BUY SILVER ABOVE 45950 TGTS 46150/46450 SL 45650 SELL SILVER BELOW 45220 TGTS 45020/44720 SL 45520 GOLD
Economic advisory council chief said yesterday that India can tolerate USD 30 billion worth of gold imports. A major reason for high current account deficit (CAD) in the last fiscal was high imports of gold. Among U.S. commodities, U.S. crude prices held steady at about $97.4 a barrel, pausing for breath having shed 1.1 percent the previous day after data showed large builds in refined oil products. Gold was steady around $1,253 an ounce, stabilizing after a 0.6 percent decline in the previous session. Gold is down 25 percent so far this year, on track for its worst yearly fall since 1981. Brent oil rose on supply concerns as traders remained skeptical that Libyan oil exports would resume while U.S. crude fell after government data showed large builds in refined oil products, suggesting sluggish oil demand.
TRADING STRATEGY: BUY GOLD ABOVE 29550 TGTS 29630/29730 SL 29450 SELL GOLD BELOW 29320 TGTS 29240/29140 SL 29420
YOUR MINTVISORY
Zinc and lead prices gained at the non-ferrous metal market here yesterday on stockiest buying amid good off take from alloy industries. Elsewhere, select copper and brass edgedup owing to better demand from consumer industries. The industrial metal continued its rise at the LME, underpinned by a weaker dollar against the euro and steady buying from top consumer China. Zinc climbed by Rs 3 per kg to Rs 161 from Tuesday's closing level of Rs 158. Lead moved-up by Rs 2 per kg to Rs 134 from Rs 132.
Call us at +91-731-6642300
DAILY REPORT 12th DECEMBER. 2013
NCDEX
RECOMMENDATIONS CASTORSEED
NCDEX INDICES Index
Value
% Change
Barley
1380
+0.11
Castor Seed
4671
+1.83
Chana
2819
-0.04
Chilli
7148
+3.99
Coriander
7415
-0.20
Cotton Seed Oilcake
1399
-0.43
12720
+1.84
Mustard seed
3611
-0.91
Ref Soya Oil
708.5
-0.27
SELL CASTORSEED BELOW 4660 TGTS 4630,4580 SL 4710 BUY CASTORSEED ABOVE 4690 TGTS 4720,4770 SL 4640
Turmeric
4856
+1.38
DHANIYA
NCDEX ROUNDUP
Jeera
SELL DHANIYA JAN BELOW 7730 TGTS 7700,7650 SL 7780 BUY DHANIYA JAN ABOVE 7985 TGTS 8015,8065 SL 7935
YOUR MINTVISORY
Govt is likely to take a final call before this Christmas on a bailout package for the sugar industry that includes Rs 7,200 crore of interest-free bank loans to pay dues to sugarcane growers.
The spices processing market in India has started to see a push due to huge global demand emerging for Indian processed spices Spices processors have seen an increase in their volumes and now have started to a higher quantity of spices due to strong export demand coming in. India sees strong export demand for processed spices as processing of spices in US and the European Union is very cash intensive thus importing processed spices is a cheaper alternative.
Coriander prices rose by 0.97% to Rs 8,225 per quintal in futures trading yesterday as speculators enlarged positions, tracking a firm trend at spot market on the back of strong demand against restricted arrivals from producing regions. At the National Commodity and Derivative Exchange, coriander for delivery in January rose by Rs 79, or 0.97%, to Rs 8,225 per quintal with an open interest of 29,410 lots.
Call us at +91-731-6642300
DAILY REPORT 12th DECEMBER. 2013
CURRENCY
RBI Reference Rate Currency
Rate Currency
Rupee- $
61.3313 Yen-100
Euro
84.3780 GBP
JPY/INR
BUY JPY/INR ABOVE 60.15 TGTS 60.35, 60.49 SL 59.75. SELL JPY/INR BELOW 59.51 TGTS 59.28,59.05 SL 59.91.
Rate
59.7200 100.7919
CURRENCY ROUNDUP India's sovereign rating may come under pressure if general elections due by May next year end up with a hung parliament or with a government unable to push through reforms The Indian rupee fell on Wednesday, snapping a five-session winning streak, as the pace of exports last month slowed, raising some concerns about the economy despite a trade deficit that narrowed after gold and silver imports slumped. The partially convertible rupee closed at 61.245/255 per dollar compared to 61.04/05 on Tuesday. Some concerns were also sparked after Standard & Poor's said India's ratings may be pressured if the next general elections due by May end with a hung parliament or with a government unable to push through reforms. The rupee has gained 2.1 per cent over its past five sessions through Tuesday primarily on the back of the strong electoral showing by BJP which is perceived to be business-friendly. In the offshore nondeliverable forwards, the one-month contract was at 61.62 while the three-month was at 62.50.
USD/INR The dollar was up 0.2 percent at 102.67 yen, having fallen 0.4 percent overnight, easing for a second session after a recent strong run against the Japanese yen. The euro took a pause after rising for a seventh straight session against the dollar on Wednesday on the back of higher money market rates and diminishing expectations of any imminent easing by the European Central Bank. The single currency dipped 0.1 percent to $1.37745.
BUY USD/INR ABOVE 61.61 TGTS 61.75,61.94 SL 61.21. SELL USD/INR BELOW 61.25 TGTS 61.08,60.91 SL 61.66. YOUR MINTVISORY
The yen held firm in Asia on Thursday, having risen broadly on the back of a slump on Wall Street as expectations grew the Federal Reserve could scale back stimulus as early as next week. U.S. Treasury debt prices fell on Wednesday as the market built in a price concession for the Treasury's $13 billion 30-year bond auction on Thursday, the final leg of the three-part $64 billion sale of government debt this week.
Call us at +91-731-6642300
DAILY REPORT 12th DECEMBER. 2013
CALL REPORT PERFORMANCE UPDATES
Date
Commodity/ Currency
Contract
Strategy
Entry Level
Target
Stop Loss
Remark
12/12/13
MCX GOLD
FEB
BUY
29600
29900-30200
29300
SL TRIGGERED
12/12/13
MCX GOLD
FEB
SELL
29300
29100-28800
29600
NO PROFIT NO LOSS
12/12/13
MCX SILVER
MAR
BUY
45650
45900-46200
45350
BOOKED PROFIT
12/12/13
MCX SILVER
MAR
SELL
45150
44900-44600
45450
NOT EXECUTED
12/12/13
NCDEX CASTOR SEED
JAN.
SELL
4430
4400-4350
4480
NOT EXECUTED
12/12/13
NCDEX CASTOR SEED
JAN.
BUY
4615
4645-4695
4565
BOOKED FULL PROFIT
12/12/13
NCDEX DHANIYA
DEC.
BUY
7660
7690-7740
7610
NOT EXECUTED
12/12/13
NCDEX DHANIYA
DEC.
SELL
7410
7380-7330
7460
NOT EXECUTED
12/12/13
GBP/INR
DEC.
SELL
100.55
100.33-100.15
100.99
NOT EXECUTED
12/12/13
GBP/INR
DEC.
BUY
101.25
101.48-101.73
100.80
NOT EXECUTED
12/12/13
EUR/INR
DEC.
SELL
84.14
83.99-83.82
84.55
NOT EXECUTED
12/12/13
EURINR
DEC.
BUY
84.68
84.83-85.01
84.27
NO PROFIT NO LOSS
Date
Scrip
CASH/FUTURE Strategy
Entry Level
Target
Stop Loss
Remark
12/12/13
NIFTY
FUTURE
SELL
6350-6330
6380-6420
6300
CALL OPEN
12/12/13
LUPIN
FUTURE
BUY
880
890-900
870
BOOKED PROFIT
12/12/13
VOLTAS
FUTURE
BUY
124-125
128-130
120
SL TRIGGERED
12/12/13
SASKEN COMM
CASH
BUY
176
186-196
166
CALL OPEN
11/12/13
INDIA CEMENT
FUTURE
BUY
63
65-68
60
CALL OPEN
US ECONOMIC REPORT TIME (ET)
REPORT
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
PERIOD
ACTUAL
THURSDAY, DEC. 12 12/7 Nov. Nov. Nov. Oct. FRIDAY, DEC. 13 Nov. Nov.
CONSENSUSFORECAST
PREVIOUS
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 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