DAILY REPORT 14th JANUARY. 2013
Global markets at a glance Asian stocks fell, with the regional benchmark index on course for its first loss in three days as it paced the biggest drop in U.S. stocks since November amid concern over valuations. Australia’s S&P/ASX 200 Index fell 1 percent, while New Zealand’s NZX 50 Index slid 0.7 percent. South Korea’s Kospi index lost 0.1 percent. Singapore’s Straits Times Index dropped 0.4 percent and Taiwan’s Taiex index declined 0.3 percent. Futures on the Standard & Poor’s 500 Index added less than 0.1 percent today. The S&P 500 has dropped 1.6 percent in 2014, the worst start to a year since 2009.
World Indices Index
Value
% Change
16,257.94
-10.9
S&P 500
1,819.20
-1.26
NASDAQ EURO STO FTSE 100
4,113.31 3,111.94 6,757.15
-1.47 +0.25 +0.26
Nikkei 225 Hong Kong
15,547.14 22,263,.52
-2.29 -0.86
DJl
Top Gainers Company
Wall Street Update U.S. stocks tumbled on Monday on caution ahead of corporate results, as mounting negative preannouncements left a lackluster profit growth outlook. Wall Street has seen a slow start to the year following a gangbusters 2013. After the S&P 500's jump of almost 30 percent last year, its forward price-to-earnings ratio is the highest in nearly seven years and investors are weighing the risk of paying such a high premium for earnings that may see grow stall. Previous day Roundup The Nifty climbed 101.30 points or 1.64 percent to 6,272.75, but the broader markets underperformed benchmarks. The BSE Midcap and Small cap indices saw marginal gains. Experts believe the market is in bullish phase, and is continued to move in a range of 6000 at lower end and 6500-6800 at higher end till general elections. Index stats The Market was up in yesterday session where Bankex and Bank Nifty both closed almost flat (up 2.04% and up 2.% respectively). Among the sartorial indices almost the sectors which were up are; FMCG [up 14.08 pts] Consumer Durables [up 8.11 pts], Metals [up 4.38 pts], Power [up 143.60pts], and the index advanced were Capital Goods [up 145.68 pts], AUTO [up 45pts], PSU [up 73.20 pts], Oil & Gas [up 191.73 pts] IT [up271.60 pts], , Realty [up173.75 pts], TECK [up 123.57 pts] and the Healthcare was [down – 69.87 pts].
CMP
Change
% Chg
TCS
2,380.00
99.10
4.34
HCLTECH
1,350.00
51.80
3.99
ICICIBANK
1,060.30
35.80
3.49
DLF
161.60
5.10
3.26
LT
987.00
30.95
3.24
CMP
Change
% Chg
438.05 920.70 79.10 602.25 195.00
-25.90 -16.05 -1.25 -7.15 -0.85
-5.58 -1.71 -1.56 -1.17 -0.43
Prev. Close
Change
%Chg
BFUTILITIE
670.00
-14.80
-2.26
BHARATFORG
346.00
14.35
4.31
1,350.00
51.80
3.99
GATI
62.20
5.65
9.99
INFY
3,664.00
112.75
3.17
Prev. Close
Change
%Chg
CMP
Change
% Chg
6272.75 21131.21
101.30 375.72
1.64 1.81
Top Losers Company
RANBAXY LUPIN TATAPOWER SUNPHARMA SSLT
Stocks at 52 Week’s high Symbol
HCL TECH
Stocks at 52 Week’s Low Symbol
--
Indian Indices Company NIFTY SENSEX
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DAILY REPORT 14th JANUARY. 2013
EQUITY CASH & FUTURE
STOCK RECOMMENDATIONS [FUTURE] 1. APPOLO TYRE FUTURE
STOCK RECOMMENDATION [CASH] 1. TCI
APPOLO TYRE FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sustains above 116 levels. We advise buying around 117-118 levels with strict stop loss 115 for the targets of 120-122 levels. 2. BHARAT FORGE FUTURE
TCI is looking strong on charts. We advice buying above 110 levels with strict stop loss of 104 for the targets of 115-120 levels.
BHARAT FORGE FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sustains above 345 levels. We advise buying around 345 levels with strict stop loss 337 for the targets of 352-358 levels.
YOUR MINTVISORY
MACRO NEWS
fiscal pump-priming" ahead of general elections, so as to achieve the fiscal deficit target of 4.8 percent of the GDP in 2013-14, are supportive for the country's credit rating, Fitch Ratings
inflation in the food and beverages segment was 12.16 percent as against 14.72 per cent recorded in November. The retail inflation was in double digits in October and November
India's stubbornly high inflation finally appears to be slowing down following a cooling in vegetable prices, bringing some relief to the ruling Congress party which is struggling to win back voters ahead of a national election due by May
December retail inflation slows to three-month low
Tata Steel ’s Borivali land deal will fetch the company Rs 950-1,000 crore. three Mumbai-based developers Lodha Developers, Runwal Group and K Raheja Corp have submitted expression of interest.
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DAILY REPORT FUTURE & OPTION
14th JANUARY. 2013
STOCKS IN NEWS Reliance New gas pricing policy will be effective April 1 at USD 8/mmbtu Tata motors Jaguar Land Rover sales in 2013 rose 19% to 4.25 lakh units (YoY) Ranbaxy received a form 483 with certain observations from USFDA, on its Toansa bulk drug plant in Punjab JPMorgan is overweight on Infosys and raised target price to Rs 4,000 from Rs 3,800 post Q3 earrings NIFTY FUTURE
MOST ACTIVE PUT OPTION Symbol
Option Type
Strike Price
LTP
NIFTY
PE
6,200
42.6
4,15,549 65,47,700
NIFTY
PE
6,100
21.7
2,92,543 55,31,400
NIFTY
PE
6,000
10.75
2,19,758 49,36,000
BANK NIFTY
PE
10,500
52.8
19,925
2,56,475
SBIN
PE
1,600
23.80
4,278
2,23,250
INFY
PE
3,300
3.1
3,436
9,52,000
INFY
PE
3,650
43
3,114
1,81,875
RELIANCE 860 9.10 MOST ACTIVE PE CALL OPTION
2,415
4,12,750
Symbol
Traded Volume (Contracts)
Traded Volume (Contracts)
Open Interest
Option Type
Strike Price
LTP
Open Interest
NIFTY
CE
6,300
75.6
4,31,692 47,88,100
NIFTY
CE
6,400
34.95
3,18,686 44,77,900
NIFTY
CE
6,200
140
2,35,217 31,27,500
BANKNIFTY
CE
11,500
87
27,095
3,19,025
BANKNIFTY
CE
11,000
282
20,527
2,37,950
BANKNIFTY
CE
11,200
182.6
9,972
1,25,600
SBIN
CE
1,700
23.1
8,828
6,82,500
INFY
CE
3,700
46
8,694
5,58,375
RELIANCE
CE
900
12.15
5,488
7,18,750
Nifty Future closed in the green in the last trading session. We buying around 6250 levels with strict stop loss of 6200 for the targets of 6300-6350 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
71181
2182.39
66545
2037.20
420450
12828.78
145.19
INDEX OPTIONS
521526
15913.61
508221
15498.92
1200683
36838.54
414.70
STOCK FUTURES
73180
2328.32
73650
2356.71
1015147
31658.75
-28.39
STOCK OPTIONS
86555
2816.77
89150
2935.31
78618
2466.10
-118.54
TOTAL
412.96
INDICES NIFTY
S2
S1
PIVOT
R1
R2
6083.88
6127.66
6183.38
6227.16
6282.88
NIFTYJUNIOR
12437.85
12504.15
12617.2
12683.5
12796.55
BANK NIFTY
10614.76
10710.03
10883.46
10978.73
11152.16
YOUR MINTVISORY
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DAILY REPORT 14th JANUARY. 2013
COMMODITY MCX
RECOMMENDATIONS SILVER
TRADING STRATEGY: BUY SILVER ABOVE 45200 TG 45500/45800 SL 44900 SELLSILVER BELOW 44300 TG 44000/43700 SL 44600 GOLD
COMMODITY ROUNDUP Gold futures carried Friday's gains into Monday, buoyed by data revealing that the U.S. economy added way fewer payrolls in December than expected, which fueled expectations for the Federal Reserve to scale down its bond-buying program at a very gradual pace. On the Comex division of the New York Mercantile Exchange, gold futures for February delivery traded at USD1,252.80 a troy ounce during U.S. trading, up 0.47%, up from a session low of USD1,243.20 and off a high of 1,254.20. The February contract settled up 1.42% at USD1,246.90. Futures were likely to find support at USD1,217.80 a troy ounce, Wednesday's low, and resistance at USD1,237.30, the high from Dec. 10. The Bureau of Labor Statistics on Friday reported that the U.S. economy added 74,000 jobs in December, well below expectations for a 196,000 increase and below an upwardly revised 241,000 rise the previous month. The report also showed that the U.S. unemployment rate fell to 6.7% in December due to a weak participation rate, down from 7.0% in November. The numbers weakened the dollar by fueling expectations for the Federal Reserve to trim its USD75 billion monthly bond-buying program at a slower pace than once expected. Fed asset purchases tend to weaken the dollar by suppressing long-term interest rates, thus making gold an attractive hedge. Gold saw added demand ahead of Tuesday's release of U.S. retail sales, with concerns that a disappointing figure just days after a poor jobs report will increase the chances of a more gradual Fed tapering. Capping gold's gains were sentiments among many that the December jobs report may be an anomaly and the product of bad winter weather that put off hiring. Meanwhile, silver for March delivery was up 0.91% and trading at USD20.408 a troy ounce, while copper futures for March delivery were down 0.07%
and trading at USD3.339 a pound. Gold was trading near its
TRADING STRATEGY: BUY GOLD ABOVE 29300 TG 29400/29500 SL 29150 SELL GOLD BELOW 29000 TG 28900/28800 SL 29150
YOUR MINTVISORY
highest in a month on Tuesday as safe-haven bids for the metal increased amid a drop in the dollar and equities, with investors fretting over the U.S. growth outlook after a disappointing jobs.
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DAILY REPORT 14th JANUARY. 2013
NCDEX
RECOMMENDATIONS CASTORSEED
NCDEX INDICES Index
Value
% Change
Castor Seed
4387
+3.98
Chana
3066
+0.99
Coriander
7753
+4.00
Cotton Seed Oilcake
1486
+2.84
12542.5
+0.10
Maize– Feed/ Industrial grade
1195
+0.67
Mustard seed
3505
-0.68
Soy Bean
3776
-0.36
Sugar M Grade
2806
+0.11
Turmeric
6352
+0.44
Jeera
BUY CASTORSEED FEB ABOVE 4410 TGTS 4440,4500 SL 4360 SELLCASTORSEED FEB BELOW 4310 TGST 4280,4230 SL 4460 DHANIYA
NCDEX ROUNDUP MENTHA OIL Higher stocks and moderate arrivals in mandis kept pressurizing the market sentiments for Mentha Oil even as winter season demand continued to be noted. Higher stocks prevented any strong upsurge in rates even as winter season demand rose in the mandis CHANA Moderate recovery was noted for Chana on short covering in the Futures market even as arrivals remained high amidst moderate demand in mandis. Good sowing reports for Chana from MP, UP and Rajasthan amidst high stocks and fall in demand in mandis are keeping sentiments weak for the commodity in the Spot and Futures markets.
BUY DHANIYA FEB ABOVE 7930 TGTS 7960,8010 SL 7880 SELL DHANIYA FEB BELOW 7820 TGTS 7790,7740 SL 7930
YOUR MINTVISORY
GUARSEED Some range bound trend is seen in guar with increased arrival pressure in spot mandis. it is to be noted that production of guar this year is likely to increase that is not letting the sentiments to move up significantly. Higher production reports, better arrivals and only moderate pickup in exports have ensured a fall in rates for Guar over last few weeks. Farmers have started bringing in supplies from the new harvest into local markets. TURMERIC Lack of good upcountry demand amist moderate arrival trend remained weak. Traders are purchasing only limited quantity as buying interest has reduced.
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DAILY REPORT 14th JANUARY. 2013
CURRENCY
RBI Reference Rate Currency
Rate Currency
Rupee- $
61.5200 Yen-100
Euro
84.1110 GBP
Rate
59.4900 101.4772
EUR/INR CURRENCY ROUNDUP The dollar fell to one-month lows against the yen on Monday and was trading close to one week lows against the euro after Friday's U.S. nonfarm payrolls showed that the economy added far fewer than expected jobs last month. USD/JPY hit lows of 103.26, the weakest level since December 18 and was last down 0.74% to 103.39. The latest employment report showed that the U.S. economy added 74,000 jobs in December, the smallest increase since January 2011 and well below expectations for 196,000 new jobs. The unemployment rate fell to a five year low of 6.7% from 7% in November, but this was due in part to people dropping out of the labor force. SELL EUR/INR BELOW 84.09 TGTS 83.94, 83.72 SL84.44. BUY EUR/INR ABOVE 84.57 TGTS 84.72, 84.94 SL 84.25. USD/INR
A fall in prices would raise expectations the Reserve Bank of India would keep monetary policy on hold for a second consecutive month on Jan. 28 after data on Friday showed a surprise fall in industrial output. Confidence in the economy is a key driver for shares as well as for the rupee, given concerns about weakening growth are trumping the appeal of higher yields. A softer CPI should be great for the rupee. Going ahead, primarily the U.S. economic condition will drive rupee direction but a softer CPI will lead to better stability/appreciation and reduce chances of a sharper fall. The partially convertible rupee closed at 61.55/56 per dollar compared with 61.89/90 on Friday. It rose to 61.41 during the session, its strongest since Dec. 11. The unit rose 0.55 percent on day, its biggest single-day gain since Dec. 16.
SELL USD/INR BELOW 61.50 TGTS 61.38, 61.18 SL 61.85. BUY USD/INR ABOVE 62.04 TGTS 62.20, 62.40 SL 61.69.
YOUR MINTVISORY
The dollar slipped to a three-week low against the yen before data tomorrow that economists said will show U.S. retail-sales growth slowed, strengthening the case against faster tapering by the Federal Reserve. Call us at +91-731-6642300
DAILY REPORT 14th JANUARY. 2013
CALL REPORT PERFORMANCE UPDATES
Date
Commodity/ Currency Pairs
Contract
Strategy
Entry Level
Target
Stop Loss
Remark
13/01/14
MCX GOLD
FEB.
BUY
29100
29180-29300
2900
BOOKED PROFIT
13/01/14
MCX GOLD
FEB.
SELL
28850
28770-28650
28950
NOT EXECUTED
13/01/14
MCX SILVER
MAR.
BUY
45100
45350-54700
44800
CALL OPEN
13/01/14
MCX SILVER
MAR.
SELL
44600
44350-44000
44900
BOOKED PROFIT
13/01/14
NCDEX CASTOR SEED
FEB.
BUY
4500
4530-4580
4450
SL TRIGGERED
13/01/14
NCDEX CASTOR SEED
FEB.
SELL
4395
4365-4315
4445
BOOKED FULL PROFIT
13/01/14
NCDEX DHANIYA
FEB.
BUY
8150
8180-8130
8100
NOT EXECUTED
13/01/14
NCDEX DHANIYA
FEB.
BUY
8050
8020-7970
8100
BOOKED FULL PROFIT
13/01/14
EUR/INR
JAN.
SELL
84.28
84.14-84.00
84.64
BOOKED PROFIT
13/01/14
EUR/INR
JAN.
BUY
84.69
84.83-85.01
84.33
NOTEXECUTED
13/01/14
GBP/INR
JAN.
SELL
101.70
101.55-101.38
102.09
BOOKED FULL PROFIT
13/01/14
GBP/INR
JAN.
BUY
102.54
102.71-102.91
102.15
NOT EXECUTED
Date
Scrip
CASH/ FUTURE/ OPTION
Strategy
Entry Level
Target
Stop Loss
Remark
13/01/14
NIFTY
FUTURE
BUY
6150
6190-6240
6100
NOT EXECUTED
13/01/14
TC S
FUTURE
BUY
2280
2310-2340
2250
BOOKED PROFIT
13/01/14
ITC
FUTURE
BUY
323
329-334
319
CALL OPEN
10/01/14
SUNPHARMA
FUTURE
BUY
610
620-630
600
SL TRIGGERED
13/01/14
ECLERX SERVICES
CASH
BUY
1115
1140-1180
1080
SL TRIGGERED
09/01/14
GRAVITA
CASH
BUY
46
50-54
41
CALL OPEN
YOUR MINTVISORY
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DAILY REPORT 14th 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
JAN.
85.0
82.5
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