DAILY REPORT 13 JANUARY. 2013
Global markets at a glance Asian share and bond markets were in a cautious mood on Monday in the wake of surprisingly weak U.S. jobs numbers that revived speculation the Federal Reserve could keep policy loose for longer. Friday's soft report pulled down bond yields and the dollar, while lifting prices for gold and many commodities. It was also seen as beneficial for some emerging market countries that had been pressured by funds flocking to western assets.
World Indices
Wall Street Update Wall Street had a more muted reaction to the data, with the Dow .DJI off 0.05 percent, while the S&P 500 .SPX gained 0.23 percent. The S&P 500 and the Nasdaq ended modestly higher on Friday, led by gains in defensive names after a weakerthan-expected payrolls report raised new questions about both the strength of the economy and the aggressiveness of Federal Reserve stimulus.
Top Gainers
Index
Value
% Change
16,437.05
-0.05
S&P 500
1,842.37
+0.23
NASDAQ EURO STO FTSE 100
4,174.67 3,104.15 6,739
+0.44 +0.45 +0.73
Nikkei 225 Hong Kong
15,912.05 22,890.38
+0.20 +0.19
DJl
Company
CMP
Change
% Chg
INFY
3556.00
105.20
3.05
ITC
322.60
7.00
2.22
TCS
2290.00
48.05
2.14
552.00
11.10
2.05
2625.50
38.60
1.49
CMP
Change
% Chg
403.60 98.30 288.00 462.50 872.65
-13.20 -3.20 -7.65 -12.10 -21.70
-3.17 -3.15 -2.59 -2.55 -2.43
Prev. Close
Change
%Chg
623.90
31
4.97
MCDOWELL-N
2793.00
85.40
3.15
DRDEDDY
2625.50
28.60
1.49
GATI
56.55
5.10
9.91
HCL TECH
1299
13.75
1.07
Prev. Close
Change
%Chg
CMP
Change
% Chg
6171.45 20758.49
3.10 45.12
0.05 0.22
WIPRO DRREDDY
Top Losers Previous day Roundup The Sensex rose 45.12 points to close at 20,758.49, and the Nifty gained 3.10 points at 6,171.45. Declining shares outnumbered advancing ones by a ratio of 1491 to 1025 on the BSE. Caution in the market is also ahead of November industrial output data that will be announced . The IIP is expected to come in at a growth of around 0.6 percent versus a decline of 1.8 percent on a month to month basis. It was completely a mixed picture on the first day of third quarter earnings season
Company
INDUSINDBK IDFC COALINDIA RANBAXY M&M
Stocks at 52 Week’s high Symbol
BFUTILITIE Index stats The Market was very volatile in yesterday session where Bankex and Bank Nifty both closed almost flat (down193.33pts–anddown –165.15pts respectively). Among the sartorial indices almost the sectors which were down are; Capital Goods [down –122.58pts], AUTO [down53.45 pts], PSU [down-48.54 pts], Metals [down – 148.05pts], Power [down22.50 pts], [down-75.53 pts], and the index advanced were Consumer Durables IT [up197.7 pts], Healthcare [up 19.22pts], FMCG [up 92.71pts] Realty [up pts], CK [up pts]. Oil & Gas [up 49.87 pts],
Stocks at 52 Week’s Low Symbol
--
Indian Indices Company NIFTY SENSEX
YOUR MINTVISORY
Call us at +91-731-6642300
DAILY REPORT 13 JANUARY. 2013
EQUITY CASH & FUTURE
STOCK RECOMMENDATIONS [FUTURE] 1.TCS FUTURE
TRADING STRATEGY: TCS FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sustains above 2280 levels. We advise buying above 2280 levels with strict stop loss 2250 for the sustains above 2280 levels. We advise buying above 2280 levels with strict stop loss 2250 for the targets of 2310-2340 levels. 2.ITC FUTURE
TRADING STRATEGY: ITC FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sustains above 325 levels. We advise buying around 323-325 levels with strict stop loss 319 for the targets of 329-334 levels.
YOUR MINTVISORY
STOCK RECOMMENDATION [CASH] 1. ECLERX SERVICES LTD
ECLERX SERVICES LTD is looking strong on charts. We advice buying above 1115 levels with strict stoploss of 1080 for the targets of 1140-1180 levels. MACRO NEWS Oil Minister M Veerappa Moily has said the government is considering increasing the quota of subsidized LPG cylinders to 12 per household per year. Mr Moily, who last week said there was no proposal to increase the quota from 9 cylinders per household to 12, on Sunday said the final decision on the issue will be taken by the Cabinet Committee on Political Affairs (CCPA) The Reserve Bank of India, under Governor Raghuram Rajan, seems to have changed its strategy when it comes to defending the fragile rupee and managing liquidity. The central bank, which earlier used to sell dollars in the local markets, is now increasingly buying the US currency in the spot market and selling it in the forward market. The revised strategy seems to be having a bearing on the non-deliverable forwards, or NDF, market. the Cabinet Committee on Investment's threshold limit by half to Rs 500 crore to get more stalled projects moving again as the government's term nears its end.
Call us at +91-731-6642300
DAILY REPORT 13 JANUARY. 2013
FUTURE & OPTION
STOCKS IN NEWS Infosys' adjusted net profit rose 19.4%, higher-thanexpected, QoQ to Rs 2875 cr in Q3 Manappuram Bank of America Merrill Lynch has upgraded the stock to buy and upped target by 91% to Rs 25/share Larsen CLSA has an outperform rating on stock and raises target to Rs 1,150 MSCI deletes Jubilant Food Works from Small cap index w.e.f January 14 Goa Carbon Operations at co’s Chattisgarh plant has temporarily shut down due to non-availability of raw material NIFTY FUTURE
MOST ACTIVE PUT OPTION Symbol
Option Type
Strike Price
LTP
Traded Volume (Contracts)
Open Interest
NIFTY
PE
6,200
91.95
4,81,281
43,80,400
NIFTY
PE
6,100
51.95
4,51,059
51,91,750
NIFTY
PE
6,000
27.50
3,07,456
55,41,500
BANK NIFTY
PE
10,500 112.00
25,517
2,39,525
SBIN
PE
1,600
44.85
5,704
2,33,000
INFY
PE
3,500
34.10
24,033
5,18,875
BANK NIFTY
PE
10,800 213.35
14,297
64,625
INFY
PE
26,648
8,47,625
3400
14.00
MOST ACTIVE CALL OPTION Symbol
Option Type
Strike Price
LTP
Traded Volume (Contracts)
Open Interest
NIFTY
CE
6,300
31.60
5,45,480
53,15,050
NIFTY
CE
6,400
12.20
3,39,134
49,12,750
NIFTY
CE
6,200
68.95
4,34,186
40,95,850
BANKNIFTY
CE
11,500
46.80
42,046
3,50,600
SBIN
CE
1,700
15.85
9,186
7,32,125
RELIANCE
CE
900
7.00
7,158
15,44,000
SBIN
CE
1,700
15.85
9,186
7,32,125
RELIANCE
CE
860
19.00
6,369
5,84,750
INFY
CE
3,600
42.25
28,973
6,01,125
Nifty Future closed in the red in the last trading session after a choppy session. We buying around 6150-6160 levels with strict stop loss of 6100 for the targets of 6190 -6240 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
40292
1212.50
55266
1664.66
425906
13030.51
-452.16
INDEX OPTIONS
295953
8952.98
297903
9064.18
1151282
35345.28
-111.20
STOCK FUTURES
51552
1672.86
51245
1713.28
1003181
31418.30
-40.42
STOCK OPTIONS
44864
1477.21
45648
1518.12
70261
2270.90
-40.91
TOTAL
-644.68
INDICES NIFTY
S2
S1
PIVOT
R1
R2
6128.41
6148.38
6168.21
6188.18
6208.01
NIFTYJUNIOR
12478.91
12541.83
12640.71
12703.63
12802.51
BANK NIFTY
10830.18
10900.31
10995.28
11065.41
11160.38
YOUR MINTVISORY
Call us at +91-731-6642300
DAILY REPORT 13 JANUARY. 2013
COMMODITY MCX
RECOMMENDATIONS SILVER
COMMODITY ROUNDUP Spot gold prices rose around 0.5 percent today ahead of the jobs data from the US in the evening session. However, declining trend in SPDR gold holdings, mixed market sentiments along with strength in the DX capped sharp gains in prices. In the Indian markets, prices fell by around 0.1 percent owing to Rupee appreciation. Spot Silver prices jumped by more than 1 percent today taking cues from gains in gold prices and base metals complex. Strength in the DX coupled with mixed market sentiments could not cap gains in silver prices.
TRADING STRATEGY: BUY SILVER ABOVE 45100 TGTS 45350/45700 SL 44800 SELL SILVER BELOW 44600 TGTS 44350/44000 SL 44900 GOLD
MCX Silver prices gained around 0.2 percent but Rupee appreciation capped sharp positive movement. Base metals pack on the LME traded on a positive note on the back of rise in Chinese metal imports. Also, decline in LME inventories coupled with positive data from the Euro Zone acted as supportive factors. However, strength in the DX restricted sharp negative movement. In the Indian markets, base metals traded lower owing to Rupee appreciation LME Copper rose by around 0.4 percent taking cues from positive import figures from China. Also, decline in LME copper inventories for the 47thconsecutive session by 1.3 percent to 343,875 tones along acted as positive factors. In the Indian markets, prices gained 0.1 percent. Nymex crude oil prices gained around 1 percent today as China, the second biggest oil consumer boosted net crude imports to a record high of 6.31 million barrels a day in Dec’13 as two new refineries prepared to begin operations. MCX crude prices rose by around 0.6 percent touching an intra-day high of Rs.5716/bbl till 4:00pm IST.
TRADING STRATEGY: BUY GOLD ABOVE 29100 TGTS 29180/29300 SL 29000 SELL GOLD BELOW 28850 TGTS 28770/28650 SL 28950
YOUR MINTVISORY
India has exported 851.000 tons of rice to Iran, its biggest rice importer, according to Iran Daily. Figures showed that India's rice exports to Iran have boosted by 77 percent in the first six months of the current Iranian year. Indian trade sources expect the country to export 4 million tons of rice in the current Indian fiscal year (April 2013-March 2014).
Call us at +91-731-6642300
DAILY REPORT 13 JANUARY. 2013
NCDEX
RECOMMENDATIONS CASTORSEED
NCDEX INDICES Index
Value
% Change
Castor Seed
4385
-0.34
Chana
3005
0.3
Coriander
7783
-2.11
Cotton Seed Oilcake
1545
0
12555
0.26
Maize– Feed/ Industrial Grade
1185
-0.84
Mustard seed
3578
-0.28
Soy Bean
3597
-1.65
Turmeric
6832
1.67
Turmeric
6352
+0.44
Jeera
TRADING STRATEGIES BUY CASTORSEED FEB ABOVE 4500 TGTS 4530,4580 SL 4450 SELL CASTORSEED FEB BELOW 4395 TGTS 4365,4315 SL 4445 DHANIYA
NCDEX ROUNDUP Jeera futures closed the day lower on weak spot market triggered by reports of improving sowing. The NCDEX Jeera March delivery ended the day at Rs 12,540, down Rs 25 or 0.20% over last close. Jeera slipped further at major mandies today amid dearth of upcountry orders. Prices had dropped in last week of December as latest reports suggested that the Jeera sowing is turning normal after weather disturbances in Gujarat and some southern states. Pepper futures slipped for the six trading sessions on the back of reports of Vietnam easing the prices of new crops and arrivals of Indian crops in the local market. The NMCE pepper for the February delivery ended the day at Rs 51200, down Rs 250 or 0.49% over Friday's close.
TRADING STRATEGIES BUY DHANIYA FEB ABOVE 8150 TGT 8180,8130 SL 8100 SELL DHANIYA FEB ABOVE 8050 TGT 8020,7970 SL 8100
YOUR MINTVISORY
India has exported 851.000 tons of rice to Iran, its biggest rice importer, according to Iran Daily. Figures showed that India's rice exports to Iran have boosted by 77 percent in the first six months of the current Iranian year. Indian trade sources expect the country to export 4 million tons of rice in the current Indian fiscal year (April 2013-March 2014).
Call us at +91-731-6642300
DAILY REPORT 13 JANUARY. 2013
CURRENCY
RBI Reference Rate Currency
Rate Currency
Rupee- $
61.936. Yen-100
Euro
84.3050 GBP
EUR/INR
Rate
59.0100 102.06
CURRENCY ROUNDUP The Indian rupee strengthened to its highest against the dollar in more than a week on Friday on bets that data will show an improving economy and faltering inflation, boosting confidence in the country's outlook. India is due to post industrial output later in the day, with analysts expecting a return to modest growth, and is due to post wholesale and consumer prices data next week amid expectations vegetable prices have eased. That is helping raise confidence about the economy, thus supporting foreign inflows and domestic shares, both key factors for the rupee.
SELL EUR/INR BELOW 84.28 TGTS 84.14, 84.00 SL 84.64. BUY EUR/INR ABOVE 84.69 TGTS 84.83, 85.01 SL 84.33. GBP/INR
Data showing India's trade deficit widened to $10.14 billion in December compared with $9.22 in November had little impact given it came within expectations. If inflation data is better than expectations and rupee breaks 61.80 levels strongly then it could head towards 61.40 but I don't see it breaching 61 soon The partially convertible rupee closed at 61.89/90 per dollar compared with 62.07/08 on Thursday. The unit rose as high as 61.83, its strongest since Jan. 2. Indian shares provisionally edged up on Friday after touching their highest intraday level in nearly a week as software services exporters rose after Infosys Ltd's quarterly earnings beat market expectations. In the offshore non-deliverable forwards, the one-month contract was at 62.27 while the three-month was at 63.
SELL GBP/INR BELOW 101.70 TGTS 101.55, 101.38 SL 102.09. BUY GBP/INR ABOVE 102.54 TGTS 102.71, 102.91 SL 102.15.
YOUR MINTVISORY
apan and India on Friday expanded an arrangement for swapping their local currencies against the US dollar, raising the size to as much as USD 50 billion from the original USD 15 billion. The expanded swap arrangement, signed by Bank of Japan Governor Haruhiko Kuroda and his Indian counterpart Raghuram Rajan, will be effective until December 2015, the BOJ said in a statement on Friday The swap arrangement aims to counter any short-term liquidity problems the two countries may face in future
Call us at +91-731-6642300
DAILY REPORT 13 JANUARY. 2013
CALL REPORT PERFORMANCE UPDATES Date
Commodity/ Currency Pairs
Contract
Strategy
Entry Level
Target
Stop Loss
Remark
10/01/14
MCX GOLD
FEB.
BUY
28900
28980-29080
28780
BOOKED FULL PROFIT
10/01/14
MCX GOLD
FEB.
SELL
28690
28610-28510
28800
NOT EXECUTED
10/01/14
MCX SILVER
MAR.
BUY
44260
44460-44760
43860
BOOKED FULL PROFIT
10/01/14
MCX SILVER
MAR.
SELL
43650
43450-43150
44050
NOT EXECUTED
10/01/14
NCDEX CASTOR SEED
JAN.
BUY
4500
4530-4580
4450
NOT EXECUTED
10/01/14
NCDEX CASTOR SEED
JAN.
SELL
4410
4380-4330
4460
SL TRIGGEDED
10/01/14
NCDEX DHANIYA
JAN.
BUY
8350
8380-8430
8300
NOT EXECUTED
10/01/14
NCDEX DHANIYA
JAN.
SELL
8110
8080-8030
8160
BOOKED FULL PROFIT
10/01/14
USD/INR
JAN.
SELL
62.15
62.02-61.89
62.51
BOOKED PROFIT
10/01/14
USD/INR
JAN.
BUY
62.47
62.61-62.79
62.12
NOT EXEXCUTED
10/01/14
JPY/INR
JAN.
SELL
59.21
59.08-58.90
59.56
BOOKED PROFIT
10/01/14
JPY/INR
JAN.
BUY
56.67
59.82-60.01
59.32
NOT EXECUTED
Date
Scrip
CASH/ FUTURE/ OPTION
Strategy
Entry Level
Target
Stop Loss
Remark
10/01/14
NIFTY
FUTURE
BUY
6150
6200-6250
6100
BOOKED FULL PROFIT
09/01/14
NIFTY
FUTURE
SELL
6170
6140-6120
6200
SL TRIGGRED
07/01/14
NIFTY
FUTURE
SELL
6200
6150-6110
6250
SL TRIGGRED
10/01/14
SUNPHARMA
FUTURE
BUY
610
620-630
600
CALL OPEN
08/01/14
TATASTEEL
FUTURE
SELL
395-400
388-382
408
BOOKED PROFIT
10/01/14
MUTHOOTFIN
CASH
BUY
130
137-145
123
BOOKED FULL PROFIT
09/01/14
GRAVITA
CASH
BUY
46
50-54
41
CALL OPEN
YOUR MINTVISORY
Call us at +91-731-6642300
DAILY REPORT 13 JANUARY. 2013
ECONOMIC CALENDAR
NEXT WEEK'S U.S. ECONOMIC REPORTS TIME (ET)
REPORT
PERIOD
ACTUAL
CONSENSUS FORECAST
PREVIOUS
MONDAY, JAN .13 2 PM
FEDERAL BUDGET
DEC.
--
-$1 BLN
10 am
Factory orders
Nov.
1.6%
-0.9%
TUESDAY,JAN .14 8:30 AM
RETAIL SALES
DEC.
-0.1%
0.7%
8:30 AM
RETAIL SALES EX-AUTOS
DEC.
0.4%
0.4%
8:30 AM
IMPORT PRICE INDEX
DEC.
0.5%
-0.6%
10 AM
BUSINESS INVENTORIES
NOV.
0.3%
0.7%
0.4%
-0.1%
WEDNESDAY, JAN.15 8:30 AM
PRODUCER PRICE INDEX
DEC
.
8:30 AM
CORE PPI
DEC.
0.2%
0.1%
8:30 AM
EMPIRE STATE INDEX
JAN.
4.3
1.0
THURSDAY, JAN.16 8:30 AM
WEEKLY JOBLESS CLAIMS
1/11
N/A
330,000
8:30 AM
CONSUMER PRICE INDEX
DEC.
0.3%
0.0%
8:30 AM
CORE CPI
DEC.
0.1%
0.2%
10 AM
HOME BUILDERS' INDEX
JAN.
N/A
58
10 AM
PHILLY FED
JAN.
9.4
7.0
FRIDAY, JAN.17 8:30 AM
HOUSING STARTS
DEC.
1.01 MLN
1.091 MLN
9:15 AM
INDUSTRIAL PRODUCTION
DEC.
0.2%
1.1%
9:15 AM
CAPACITY UTILIZATION
DEC.
79.0%
79.0%
9:55 AM
UMICH CONSUMER SENTIMENT INDEX
85.0
82.5
JAN. 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