DAILY REPORT 01st JANUARY. 2014
Global markets at a glance Stocks closed 2013 by setting record highs and world equity markets ended at six-year peaks on Tuesday, while benchmark bond yields posted their first annual rise since 2009. European shares rose on Tuesday to mark a positive end to 2013, with pan-European indexes posting their best annual gains since 2009 and many investors forecasting more progress next year. The pan-European FTSEurofirst 300 index was up 0.3 percent at 1,315.22 points, while the euro zone's blue-chip Euro STOXX 50 index rose 0.3 percent to 3,109.02 points.
World Indices Index
Value
% Change
16,576.66
+0.44
S&P 500
1,848.36
+0.40
NASDAQ EURO STO FTSE 100
4,176.59 3,109.00 6,749.09
+0.54 +0.26 +0.26
Nikkei 225 Hong Kong
16,291.31 23,306.39
+0.59 +0.26
DJl
Top Gainers Company
Wall Street Update Stocks closed out their best year in more than 15 on Tuesday, with major indexes advancing throughout 2013 on back of Federal Reserve's massive stimulus and expectations for accelerating growth going forward. Wall Street ended 2013 with its positive momentum intact, advancing in its final trading day of the year on the back of positive consumer confidence data. Both Dow and S&P 500 finished the final trading day of 2013 at record closing highs. The Dow Jones industrial average .DJI gained 72.37 points, or 0.44%, to end at 16,576.66. The Standard & Poor's 500 Index .SPX advanced 7.29 points, or 0.40 percent, to finish at 1,848.36. The Nasdaq Composite Index .IXIC rose 22.39 points, or 0.54 percent, to close at 4,176.59.
CMP
Change
% Chg
109.35
4.95
+4.72
JPASSOCIAT
54.45
1.65
+3.13
TATAPOWER
91.10
2.25
+2.53
ULTRACEMCO
1,766.00
26.80
+1.54
HCLTECH
1,265.70
19.00
+1.52
CMP
Change
% Chg
176.20 1,762.00 260.90 942.05 423.05
3.20 15.20 2.15 6.35 2.50
-1.78 -0.86 -0.82 -0.67 -0.59
Prev. Close
Change
%Chg
APOLLOTYRE
106.85
5.50
+5.43
FLEXITUFF
226.00
0.15
-0.07
GMRINFRA
24.75
0.40
+1.64
JSWSTEEL
1,016.10
6.20
-0.61
JUSTDIAL
1,441.00
22.80
+1.61
Prev. Close
Change
%Chg
CMP
Change
% Chg
6,304.00 21,170.68
+12.90 +27.67
+0.21 +0.13
IDFC
Top Losers Company
BHEL MARYTI JINDALSTEL M&M TATASTEEL
Stocks at 52 Week’s high Previous day Roundup The market closed the last session of 2013 on a flat note amid thin volumes with the Nifty holding the 6300 level on Tuesday. The Sensex rose 27.67 points yesterday to close at 21,170.68, and the Nifty climbed 12.90 points to 6,304, but the broader markets outperformed benchmarks. Index stats The Bankex and Bank Nifty both advanced 0.12% & 0.08% respectively. Among the sartorial indices almost all the sectors were slightly up; Capital Goods [up 21.10pts], AUTO [up 6.51pts], PSU [up 19.04pts], Consumer Durables [up 10.41pts], Realty [up 2.46pts], TECK [up 7.98pts], IT [up 14.39 pts], Power [up 10.07pts], Healthcare [up 20.88pts] and Oil & Gas [up 45.95pts], the index declined were FMCG [down 3.82pts], Metals [down 20.94pts].
Symbol
Stocks at 52 Week’s Low Symbol
--
Indian Indices Company NIFTY SENSEX
YOUR MINTVISORY
Call us at +91-731-6642300
DAILY REPORT 01st JANUARY. 2014
EQUITY CASH & FUTURE
STOCK RECOMMENDATIONS [FUTURE] 1. MCDOWELL-N
STOCK RECOMMENDATION [CASH] 1. ARIES AGRO LTD
MC DOWELL FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it continues to sustain above 2600. We advise buying around 26002620 levels with strict stop loss 2560 for the targets of 2650-2690
ARIES AGRO LTD is looking strong on charts. We advice buying above 52 levels with strict stop loss of 48 for the targets of 56-60 levels.
2. IDFC
MACRO NEWS Maharashtra state govt. has hiked the ready reckoner rates for residential and commercial properties. RBI revises norms on gold dore imports by bullion refineries. Quantum of gold dore to be imported should be determined lot-wise on the basis of export performance. FMC says Indian Bullion Market Association members can pay directly from NSEL escrow account. Lakshmi Vilas Bank to mull rights issue on Friday. Cabinet appointments committee okays tenure extension of BHEL CMD. Delhi Discom 51:49 JV between private companies and govt. (Tata Power, Reliance Infrastructure in focus). Delhi, Mumbai LPG consumers to get cash subsidy from Jan 1. SBI gets shareholders' nod for Rs 11,500-cr QIP . Fiscal deficit in April-November hits 94% of annual target. Glenmark faces patent infringement for cancer drug in US.
IDFC FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it continues to sustain above 110. We advise buying on dips around 109-110 levels with strict stop loss 107 for the targets of 112-115.
YOUR MINTVISORY
Call us at +91-731-6642300
DAILY REPORT FUTURE & OPTION
01st JANUARY. 2014
STOCKS IN NEWS IDBI raises interest rate on term deposits by up to 0.5%. Adani Power generates highest 4644 mw at Mundra Project BHEL renovates power plant unit in Uttar Pradesh ONGC Videsh completes acquisition of 12% stake in Brazil oil field. Adani Power plant at Mundra achieves full load of 4,620 MW .
MOST ACTIVE PUT OPTION Symbol
Option Type
Strike Price
LTP
Traded Volume (Contracts)
Open Interest
NIFTY
PE
6,300
80.85
1,30,099
39,54,800
NIFTY
PE
6,200
49.10
83,705
36,54,400
NIFTY
PE
6,100
28.80
63,278
30,21,400
BANK NIFTY
PE
11,000 135.05
4,759
1,36,725
APOLLOTYRE
PE
100
2.50
1,873
17,44,000
SBIN
PE
1,750
46.65
1,788
1,08,125
RELIANCE
PE
900
21.00
1,421
2,58,500
MCDOWELL-N
PE
2,500
46.50
890
79,625
NIFTY FUTURE
MOST ACTIVE CALL OPTION Symbol
Option Type
Strike Price
LTP
Traded Volume (Contracts)
Open Interest
NIFTY
CE
6,400
78.65
1,18,404
37,09,250
NIFTY
CE
6,500
41.35
89,346
45,74,050
NIFTY
CE
6,300
132.00
52,543
25,53,400
BANKNIFTY
CE
12,000
114.35
7,584
2,15,000
MCDOWELL-N
CE
2,600
112.10
2,002
2,42,125
SBIN
CE
1,800
39.40
4,150
4,94,750
RELIANCE
CE
900
23.55
4,131
6,11,750 Nifty Future closed in the green in the last trading ses-
APOLLOTYRE
CE
110
4.55
2,673
18,36,000 sion. We advise buying around 6340-6350 with strict
SBIN
CE
1,900
13.80
1,960
stop loss of 6310 for the targets of 6375-6390 levels.
2,97,875
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
21143
668.84
20640
655.22
437017
13785.40
13.62
INDEX OPTIONS
111712
3467.12
111215
3460.19
956648
30111.91
6.93
STOCK FUTURES
31164
1037.68
37549
1255.33
952546
30713.29
-217.65
STOCK OPTIONS
12734
379.18
12926
375.06
20607
602.71
4.12
TOTAL
-192.98
INDICES NIFTY
S2
S1
PIVOT
R1
R2
6272.86
6288.43
6302.86
6318.43
6332.86
NIFTYJUNIOR
12821.28
12877.26
12909.98
12965.96
12998.68
BANK NIFTY
11265.25
11325.25
11376.55
11436.55
11487.85
YOUR MINTVISORY
Call us at +91-731-6642300
DAILY REPORT 01st JANUARY. 2014
COMMODITY MCX
RECOMMENDATIONS SILVER
COMMODITY ROUNDUP The Reserve Bank of India (RBI) has allowed gold refiners to import dore up to 15 per cent of their gross average viable quantity, based on their licence entitlement in the first two months, for making this available to exporters on a first-in first-out basis. The quantum of gold dore to be imported should be determined lot-wise, on the basis of export performance, RBI said. Till now, dore import was banned and gold refineries were sourcing their input from scrap gold. Gold jewellery manufacturers have welcomed the move. RBI and the government had imposed several restrictions on gold consumption, including raising import duty, when the current account deficit (CAD) touched a record high of 4.8 per cent of GDP last year. At that time, RBI had mandated imports of the precious metal against suppliers’ or buyers’ credit would be on 100 per cent cash margin, and on a document against payment basis.
TRADING STRATEGY: BUY SILVER ABOVE 44400 TGTS 44600/44900 SL 44040 SELL SILVER BELOW 43730 TGTS 43530/43230 SL 44100 GOLD
TRADING STRATEGY: BUY GOLD ABOVE 28480 TGTS 28560/28660 SL 28380 SELL GOLD BELOW 28350 TGTS 28270/28170 SL 28480
YOUR MINTVISORY
Nickel prices declined 0.47%, to Rs 863.50 per kg in futures trading yesterday as speculators reduced their holdings amid a weak global trend. At the Multi Commodity Exchange, nickel for delivery in current month, December eased by Rs 4.10, or 0.47%, to Rs 863.50 per kg in business turnover of 231 lots. On the similar lines, the metal for delivery in January shed Rs 3.50, or 0.40%, to Rs 872.50 per kg in 457 lots. Off-loading of positions by speculators in tune with a weak global trend in base metals and ending monthly settlement, mainly kept pressure on nickel futures. Lead prices weakened by 0.72 % to Rs 138 per kg in futures trade yesterday as speculators indulged in squaring-up of positions in view of ending settlement amid a weak global trend. At the Multi Commodity Exchange, lead for delivery in January weakened by Re one, or 0.72%, to Rs 138 per kg in business turnover of 378 lots. Similarly, the metal for delivery in December traded lower by 90 paisa, or 0.65% to Rs 136.70 per kg in 268 lots. THE fall in lead futures to squaring up of positions in view of monthly settlement and a weak global trend.
Call us at +91-731-6642300
DAILY REPORT 01st JANUARY. 2014
NCDEX
RECOMMENDATIONS CASTORSEED
NCDEX INDICES Index
Value
% Change
Castor Seed
4562
+3.99
Chana
3081
+0.49
Coriander
8063
+4.00
Cotton Seed Oilcake
1471
-0.88
12592.5
+0.40
Maize– Feed/ Industrial Grades
1190
-0.58
Mustard seed
3520
+0.34
Soy Bean
3822
+1.31
Sugar M Grade
2805
0.00
Turmeric
6616
+3.99
Jeera
BUY CASTORSEED FEB ABOVE 4675 TGTS 4705,4755 SL 4625 SELL CASTORSEED FEB BELOW 4550 TGTS 4520,4470 SL 4600
NCDEX ROUNDUP DHANIYA
India’s coffee exports recorded a marginal rise of three per cent to 313,128 tonnes for the calendar year 2013 (till December 27), as against 303,982 tonnes in the same period last year. In the full year ended December 31, 2012, India had exported 305,247 tonnes. In value terms, the exporters earned $837.14 million, a decline of 7.55 per cent over the corresponding period of previous year. Between January and December 2012, the earnings stood at $909.66 million. In rupee terms, however, the exporters earned a higher amount of Rs 4,705.63 crore as against Rs 4,616.62 crore due to depreciation against the dollar. In 2012, earnings from coffee exports stood at Rs 4,637.87 crore.
BUY DHANIYA JAN ABOVE 8120 TGTS 8150,8200 SL 8070 SELL DHANIYA JAN BELOW 8010 TGTS 7980,7930 SL 8060
YOUR MINTVISORY
Tomato, potato and onion were the three perishable commodities that disturbed the kitchen budget in 2013, with the highest inflation in both wholesale and retail markets. Pulses, edible oils and sugar proved saviours for consumers, with a steep fall in their prices despite an upsurge in the Wholesale Price Index (WPI) and Consumer Price Index (CPI).
Call us at +91-731-6642300
DAILY REPORT 01st JANUARY. 2014
CURRENCY
RBI Reference Rate Currency
Rate Currency
Rupee- $
61.8970 Yen-100
Euro
85.3635 GBP
USD/INR
Rate
58.9700 102.0094
CURRENCY ROUNDUP
The euro ended 2013 close to its highest level in two years against the dollar. But a Reuters poll shows it is expected to reverse its upward trend next year as the continued soft stance of the European Central Bank contrasts with the Fed's. On Tuesday, the single currency inched down to $1.3756, still up more than 4 percent for the year. The dollar was slightly higher against the yen at 105.32, posting its biggest annual gain against the yen in 34 years, with the Japanese currency hit by the Bank of Japan's money-printing.
SELL USD/INR BELOW 62.04 TGTS 61.89, 61.71 SL 62.40. BUY USD/INR ABOVE 62.45 TGTS 62.59, 62.82 SL 62.09. JPY/INR
The easing of the euro zone crisis and signs of a pick-up in economic activity even in the bloc's weakest states have offered strong support to the euro and brought Italian and Spanish debt yields down to just over half their crisis peaks. In the oil market, U.S. oil futures ended down 87 cents to $98.42. The dollar traded mixed to higher against most major currencies on Tuesday after widely-watched consumer confidence data beat expectations and cemented expectations for the Federal Reserve to continue scaling down stimulus programs in 2014. In U.S. trading on Tuesday, EUR/USD was down 0.30% at 1.3759. The Conference Board reported earlier that its index of U.S. consumer confidence improved to 78.1 in December from 72.0 in November, beating consensus forecasts for a 76.0 reading.
SELL JPY/INR BELOW 59.15 TGTS 59.00, 58.84 SL 59.51. BUY JPY/INR ABOVE 59.64 TGTS 59.80, 59.98 SL 59.28.
YOUR MINTVISORY
The dollar was up against the yen, with USD/JPY up 0.09% at 105.24, and up against the Swiss franc, with USD/CHF up 0.42% at 0.8914. The dollar was down against its cousins in Canada, Australia and New Zealand, with USD/CAD down 0.17% at 1.0629, AUD/USD up 0.30% at 0.8932 and NZD/ USD trading up 0.32% at 0.8230. The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was up 0.16% at 80.30.
Call us at +91-731-6642300
DAILY REPORT 01st JANUARY. 2014
CALL REPORT PERFORMANCE UPDATES
Date
Commodity/ Currency Pairs
Contract
Strategy
Entry Level
Target
Stop Loss
Remark
31/12/13
MCX GOLD
FEB.
BUY
28480
28560-28660
28380
BOOKED PROFIT
31/12/13
MCX GOLD
FEB.
SELL
28250
28170-28070
28350
SL TRIGGERED
31/12/13
MCX SILVER
MAR.
BUY
44480
44680-44980
44080
SL TRIGGERED
31/12/13
MCX SILVER
MAR.
SELL
43900
43700-43400
44250
BOOKED FULL PROFIT
31/12/13
NCDEX CASTOR SEED
FEB.
SELL
4350
4320-4270
4400
NOT EXECUTED
31/12/13
NCDEX CASTOR SEED
FEB.
BUY
4480
4510-4560
4430
BOOKED FULL PROFIT
31/12/13
NCDEX DHANIYA
JAN.
BUY
7805
7835-7885
7755
BOOKED FULL PROFIT
31/12/13
NCDEX DHANIYA
JAN.
SELL
7670
7640-7590
7720
NOT EXECUTED
31/12/13
USD/INR
JAN.
SELL
62.15
61.99-61.79
62.51
NO PROFIT NO LOSS
31/12/13
USD/INR
JAN.
BUY
62.59
62.73-62.99
62.14
NOT EXECUTED
31/12/13
GBP/INR
JAN.
SELL
102.38
102.20-101.99
102.78
NOT EXECUTED
31/12/13
GBP/INR
JAN.
BUY
103.10
103.29-103.51
102.70
NOT EXECUTED
Date
Scrip
CASH/ FUTURE/ OPTION
Strategy
Entry Level
Target
Stop Loss
Remark
31/12/13
NIFTY
FUTURE
SELL
6370-6390
6320-6280
6420
CALL OPEN
31/12/13
COAL INDIA
FUTURE
BUY
288-290
296-300
285
CALL OPEN
31/12/13
BHEL
FUTURE
BUY
168-170
175-180
165
CALL OPEN
31/12/13
KERNEX
CASH
BUY
54
58-62
50
NOT EXECUTED
30/12/13
TCS
FUTURE
BUY
2160-2170
2190-2220
2140
BOKED PROFIT
30/12/13
KOTLE PATIL
CASH
BUY
95
100-105
95
CALL OPEN
27/12/13
TATA STEEL
FUTURE
BUY
428
434-438
422
CALL OPEN
24/12/13
LICHOUSING
FUTURE
BUY
215-216
220-225
210
BOOKED PROFIT
23/12/13
RELIANCE
FUTURE
BUY
895-900
915-935
878
CALL OPEN
YOUR MINTVISORY
Call us at +91-731-6642300
DAILY REPORT 01st 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