DAILY REPORT 13th DECEMBER. 2013
Global markets at a glance European shares slipped to a two-month low on Thursday, tracking losses on Wall Street and in Asia as markets positioned for data that could determine if the U.S. Federal Reserve starts trimming its stimulus next week. The FTSEurofirst 300 index of top European shares fell 0.9 percent to 1,244.66 points, a level not seen since mid-October.
World Indices
The Dow Jones industrial average fell 104.10 points or 0.66 percent, to end at 15,739.43. The S&P 500 lost 6.72 points or 0.38 percent, to finish at 1,775.50. The Nasdaq Composite dropped 5.41 points or 0.14 percent, to close at 3,998.403. Wall Street Update Wall Street drops on taper anxiety. Stocks fell on Thursday as retail sales rose solidly in November, adding to signs the economy is strong enough for the Federal Reserve to begin reducing the pace of monetary stimulus.
Index
Value
% Change
15,739.43
-0.66
1,775.5
-0.38
NASDAQ EURO STO FTSE 100
3,998.4 2,928.12 6,445.25
-0.14 -0.55 -0.96
Nikkei 225 Hong Kong
15,404.59 23,155.08
+0.41 -0.27
DJl S&P 500
Top Gainers Company
CMP
Change
% Chg
TATAPOWER
89.40
3.50
+4.07
RANBAXY
432.00
6.25
+1.47
HDFC
825.95
7.75
+0.95
54.10
0.45
+0.84
880
4.50
+0.51
CMP
Change
% Chg
360.1 429.8 181.75 283.2 280.85
17.10 15.70 6.45 8.60 8.05
-4.69 -3.52 -3.43 -2.95 -2.79
Prev. Close
Change
%Chg
CESC
416.5
5.45
+1.33
EVEREADY
37.60
0.55
+1.48
FINCABLES
81.90
3.30
+4.20
HCLTECH
1,179.4
3.00
+0.26
SASKEN
175.95
6.30
+3.71
Prev. Close
Change
%Chg
CMP
Change
% Chg
6,237.05 20,912.73
-70.85 -258.68
-1.12 -1.22
JPASSOCIAT LUPIN
Top Losers Other markets also reacted to the perception of a shorter timeline for the Fed's tapering of its bond-buying stimulus. The Fed's policy-setting committee is scheduled to meet for the last time this year on Tuesday and Wednesday. Previous day Roundup Indian shares fell more than 1 percent on Thursday to mark a third consecutive day of declines since hitting a record high at the start of the week The market bleeds further in late trade on Thursday. The Sensex was down 258.68 points or 1.22 percent to 20,912.73, and the Nifty fell 70.85 points or 1.12 percent to 6,237.05. Index stats The Bankex and Bank Nifty both declined 1.42% & 1.26% respectively. Among the sartorial indices all the sectors were down; Capital Goods [down 103.55pts], Oil & Gas [down 114.49pts], AUTO [down 270.57pts], PSU [down 75.31pts], Consumer Durables [down 41.78pts], Metals [down 134.9pts], Realty [down 4.38pts], TECK [down 36.51pts], IT [down 61.71pts], and Healthcare [down 84.16pts], FMCG [down 42.96pts], the index maintained upside was Power [up 6.82pts].
Company
TATAMOTORS INDUSINDBK AMBUJACEM ONGC COALINDIA
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
DAILY REPORT 13th DECEMBER. 2013
EQUITY CASH & FUTURE
STOCK RECOMMENDATIONS [FUTURE] 1. TATA MOTORS
STOCK RECOMMENDATION [CASH] 1. JINDAL PHOTO
TATA MOTOR FUTURE is looking weak on charts, short build up has been seen, we may see more downside, if it continues to sustain below 360, We advise selling below 360 levels with strict stop loss 365 for the targets of 355-350 levels.
JINDAL PHOTO is looking strong on charts. We advise buying around 130-135 levels with strict stop loss of 122 for the targets of 145-155 levels.
2. RECL
MACRO NEWS The money that the government transfers directly to consumers' bank accounts as LPG subsidy may well be considered as an income and taxed.
RECL FUTURE is looking weak on charts, short build up has been seen, we may see more downside, if it continues to sustain below 212. We advise selling below 212 levels with strict stop loss 216 for the targets of 208-204 levels. YOUR MINTVISORY
The macro data released late on Thursday came in much harsher than what had been expected. While the Index of Industrial Production (IIP) contracted to -1.8 percent in October Vs 2% MOM, consumer price inflation (CPI) has touched an astounding 11.24 percent mark in November Vs 10.09% MOM. Vegetable prices rose 61.6 percent in November from a year earlier, compared with a 45.67 percent increase in the previous month. Fruit prices rose 15 percent. Pulses were dearer by 1.2 percent, cereals by 12.07 percent and milk products by 9.06 per cent in November. The price rise of protein-rich items such as eggs, meat and fish was 11.96 percent. The poor data leaves no room for any doubt that Reserve Bank (RBI) will raise key rates next week.
Call us at +91-731-6642300
DAILY REPORT FUTURE & OPTION
13th DECEMBER. 2013
STOCKS IN NEWS Reliance Jio issued 2.2cr numbers for telecom services. GMR, Megawide set to win $400 million Philippine airport contract. Tata Group is investing around Rs 4,000cr in two tranches in its telecom arm Tata Teleservices. HC rejects Kingfisher Airlines' plea against move by banks to cease properties. Shasun plans to sell Andhra Pradesh unit subject to approval by shareholders.
MOST ACTIVE PUT OPTION Symbol
Option Type
Strike Price
LTP
Traded Volume (Contracts)
Open Interest
NIFTY
PE
6,300
99.00
3,01,212
35,94,200
NIFTY
PE
6,200
53.40
3,01,013
47,46,250
NIFTY
PE
6,100
26.25
2,26,715
42,97,350
BANK NIFTY
PE
11,500 194.20
21,717
1,03,875
SBIN
PE
1,800
54.00
4,674
3,08,000
DLF
PE
150
3.40
1,930
12,83,000
TATAMOTORS
PE
360
10.20
1,658
5,36,000
AXISBANK
PE
1,250
36.00
1,298
1,53,000
Strike Price
LTP
Traded Volume (Contracts)
Open Interest
NIFTY FUTURE
MOST ACTIVE CALL OPTION Symbol
Option Type
NIFTY
CE
6,400
26.30
3,31,766
52,41,950
NIFTY
CE
6,300
58.90
2,83,527
54,59,600
NIFTY
CE
6,500
10.10
2,30,140
53,90,250
BANKNIFTY
CE
12,000
144.00
23,117
3,48,925
SBIN
CE
1,800
43.95
4,546
2,28,875
RELIANCE
CE
880
12.25
3,418
5,51,750
DLF
CE
160
4.20
3,291
20,83,000
TATAMOTORS
CE
380
4.90
3,288
14,94,000
ICICIBANK
CE
1,160
24.40
2,319
3,57,000
Nifty Future closed in the red in the last trading session. We advise selling around 6275-6295 with strict stop loss of 6335 for the targets of 6225-6180 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
36607
1141.01
53342
1659.60
589126
18393.47
-518.59
INDEX OPTIONS
372690
11566.18
359325
11179.32
1683893
52361.15
386.86
STOCK FUTURES
40112
1112.97
57983
1709.04
1156136
32037.71
-596.07
STOCK OPTIONS
32888
928.01
33000
922.54
48929
1328.80
5.47
TOTAL
-722.33
INDICES NIFTY
S2
S1
PIVOT
R1
R2
6195.18
6216.11
6251.48
6272.41
6307.78
NIFTYJUNIOR
12226.06
12267.63
12338.31
12379.88
12450.56
BANK NIFTY
11520.96
11578.23
11679.96
11737.23
11838.96
YOUR MINTVISORY
Call us at +91-731-6642300
DAILY REPORT 13th DECEMBER. 2013
COMMODITY MCX
RECOMMENDATIONS SILVER
COMMODITY ROUNDUP UK leading economic index advanced 0.4 percent month-on -month to 108.4 in October, marking the fourth successive sequential increase. A leading indicator of the British economy increased for the fourth successive month in October. MCX GOLD February contract was closed at Rs 29223 down Rs 237 , or- 0.80 percent. The GOLD rate touched an intraday high of Rs 29501 and an intraday low of Rs 29150. 18734 contracts have been traded. Gold Price is taking support at 29250 and trade in sideways range all day. In evening session gold price broke the nearest support of 29090 and made new low of 28850
TRADING STRATEGY: BUY SILVER ABOVE 44900 TGTS 45100/45400 SL 44600 SELL SILVER BELOW 44220 TGTS 44020/43720 SL 44520 GOLD
TRADING STRATEGY: BUY GOLD ABOVE 29440 TGTS 29520/29620 SL 29340 SELL GOLD BELOW 29130 TGTS 29050/28950 SL 29230 YOUR MINTVISORY
MCX SILVER march contract was closed at Rs 44468 down Rs 1262, or -2.76 percent. The SILVER rate touched an intraday high of Rs 45800 and an intraday low of Rs 45370. So far 26835 contracts have been traded. Silver opened at morning with gap up and made day low. In mid session silver traded in big range and made night low 44370 . After 8.00 p.m. More selling pressure had been in silver and it will helpful to break the nearest support of 44320. Gold and silver imports declined 80.55% to $1.05 billion in Nov after a slew of measures taken by the government to curb inbound shipments of the metal, aimed at narrowing the current account deficit. Imports of gold and silver in November 2012 stood at $5.4 billion. Total merchandise imports last month also declined, helping to narrow the trade deficit to $9.21 billion, the second-lowest level in this financial year. It was at $6.76 billion in September. Nickel prices moved up by 0.65% to Rs 872.30 per kg in futures trade yesterday as speculators created fresh positions, supported by rising demand from alloy-makers in the spot market amid a firm global trend. At the Multi Commodity Exchange, nickel for delivery in December rose by Rs 5.60, or 0.65%, to Rs 872.30 per kg in a business turnover of 6,722 lots. Similarly, the metal for delivery in January moved up by Rs 4.50, or 0.51%, to Rs 879.50 per kg in 614 lots. The rise in nickel futures to a firm global trend as major smelters in Japan plan to seek alternative ore supplies amid mounting concerns over Indonesian shipments. Meanwhile, nickel for delivery in three months gained one% to USD 14,175 a tonne on the London Metal Exchange.
Call us at +91-731-6642300
DAILY REPORT 13th DECEMBER. 2013
NCDEX
RECOMMENDATIONS CASTORSEED
NCDEX INDICES Index
Value
% Change
Barley
1386
+0.25
Castor Seed
4759
+1.64
Chana
2905
+2.76
Chilli
7250
+1.43
Coriander
7350
-1.28
Cotton Seed Oilcake
1409
+0.71
12730
+0.67
Mustard seed
3670
+1.33
Ref Soya Oil
701.6
-1.06
Turmeric
4940
+2.45
Jeera
SELL DHANIYA JAN BELOW 7680 TGTS 7650/7600 SL 7730 BUY DHANIYA JAN ABOVE 7790 TGTS 7820/7870 SL 7740 DHANIYA
NCDEX ROUNDUP India's palm oil imports fell 1.1 per cent in November due to slack demand at the start of the cold weather that solidifies the oil, data showed on Thursday. Palm oil imports stood at 774,207 tonnes last month compared with 782,467 tonnes in October. Indian basmati rice exporters have suffered a jolt as Iran has stopped purchasing the cereal from the world market since October. The Islamic republic is weighing its options following the withdrawal of sanctions by the US and five other nations and has not invited bids for procuring rice. India is a major exporter of the Pusa 1121 variety to Iran. Increasing share of refined oil in the overall vegetable (veg) oilimport basket has hit five-year high in November due to narrowing spread between crude and refined oil in global markets. BUY CASTORSEED JAN ABOVE 4790 TGTS 4820/4870 SL 4740 SELL CASTORSEED JAN BELOW 4700 TGTS 4670/4620 SL 4750
YOUR MINTVISORY
The spices processing market in India has seen an increase in volumes, owing to the huge global demand for processed Indian spices such as oleoresins and seasonings, primarily from the UAE, the US, the European Union and the Asia-
Call us at +91-731-6642300
DAILY REPORT 13th DECEMBER. 2013
CURRENCY
RBI Reference Rate Currency
Rate Currency
Rupee- $
61.6200 Yen-100
Euro
84.9820 GBP
Rate
60.0300 100.8350
CURRENCY ROUNDUP The Indian rupee weakened for a second day on Thursday, weighed down by losses in the domestic share market on concerns about likely outflows in the event of a sooner-than -expected U.S. Fed taper. Worries of sustained inflationary pressures in the economy also prompted investors to short the domestic currency. The US dollar rose 0.4 percent against a basket of major currencies and spot gold slid 2 percent. The U.S. dollar rose in Asia on Friday, having made a solid comeback overnight on upbeat retail sales data while the Australian dollar took a battering following more jawboning from the country's central bank chief.
GBP/INR BUY GBP/INR ABOVE 101.77 TGTS 101..92, 102.12 SL 101.32. SELL GBP/INR BELOW 101.07 TGTS 100.83, 00.61 SL 101.52. JPY/INR
The dollar index .DXY last traded at 80.216, pulling further away from a six-week low of 79.757 plumbed on Wednesday. The euro slipped to $1.3748 from a six-week high of $1.3811, snapping six-straight sessions of gains. Not helping the common currency, data showed euro zone industrial output fell in October at its steepest monthly rate in more than a year. With the Bank of Japan intent on maintaining its ultra-loose monetary policy, the yen remains the funding currency of choice. Demand for the greenback returned with a vengeance overnight after data showed U.S. retail sales rose solidly in November and the past month was revised higher. This prompted some analysts to lift their fourth quarter GDP growth estimates by as much as half a percentage point to as high as a 2.2 percent annualized rate.
BUY JPY/INR ABOVE 60.46 TGTS 60.61, 60.85 SL 60.00. SELL JPY/INR BELOW 59.95 TGTS 59.71, 59.51 SL 60.40.
YOUR MINTVISORY
The upbeat data also helped keep alive expectations the Federal Reserve could start scaling back its massive bond buying stimulus as early as next week when it holds its last policy meeting for the year. U.S. Treasury yields rose, pushing the benchmark 10-year yield to 2.88 percent, within sight of its 2013 peak of 3.01 percent set in September.
Call us at +91-731-6642300
DAILY REPORT 13th DECEMBER. 2013
CALL REPORT PERFORMANCE UPDATES
Date
Commodity/ Currency
Contract
Strategy
Entry Level
Target
Stop Loss
Remark
12/12/13
MCX GOLD
FEB
BUY
29550
29630-29730
29450
NOT EXECUTED
12/12/13
MCX GOLD
FEB
SELL
29320
29240-29140
29420
BOOKED FULL PROFIT
12/12/13
MCX SILVER
MAR
BUY
45950
46150-46450
45650
NOT EXECUTED
12/12/13
MCX SILVER
MAR
SELL
45220
45020-44720
45520
BOOKED FULL PROFIT
12/12/13
NCDEX CASTOR SEED
JAN.
SELL
4660
4630-4580
4710
SL TRIGGERED
12/12/13
NCDEX CASTOR SEED
JAN.
BUY
4690
4720-4770
4640
BOOKED FULL PROFIT
12/12/13
NCDEX DHANIYA
JAN
BUY
7985
8015-8065
7935
NOT EXECUTED
12/12/13
NCDEX DHANIYA
JAN
SELL
7730
7700-7650
7780
BOOKED PROFIT
12/12/13
USD/INR
DEC.
SELL
61.25
61.08-60.91
61.66
NOT EXECUTED
12/12/13
USD/INR
DEC.
BUY
61.61
61.75-61.94
61.21
BOOKED FULL PROFIT
12/12/13
JPY/INR
DEC.
SELL
59.51
59.28-59.05
59.91
NOT EXECUTED
12/12/13
JPY/INR
DEC.
BUY
60.15
60.35-60.49
59.75
BOOKED PROFIT
Date
Scrip
CASH/FUTURE Strategy
Entry Level
Target
Stop Loss
Remark
12/12/13
NIFTY
FUTURE
BUY
6325-6340
6375-6395
6305
NOT EXECUTED
12/12/13
YES BANK
FUTURE
BUY
390
398-405
392
NOT EXECUTED
12/12/13
HCLTECH
FUTURE
BUY
1180
1200-1220
1160
CALL OPEN
12/12/13
ELDERPHARMA
CASH
BUY
310-315
325-335
305
BOOKED PROFIT
12/12/13
NIFTY
FUTURE
BUY
6350-6330
6380-6420
6300
SL TRIGGEERD
12/12/13
SASKEN COMM
CASH
BUY
176
186-196
166
CALL OPEN
11/12/13
INDIA CEMENT
FUTURE
BUY
63
65-68
60
SL TRIGGERED
US ECONOMIC REPORT TIME (ET)
REPORT
PERIOD
ACTUAL
CONSENSUSFORECAST
PREVIOUS
FRIDAY, DEC. 13 8:30 am
Producer price index
Nov.
0.1%
-0.2%
8:30 am
Core PPI
Nov.
0.1%
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