DAILY REPORT 03rd JANUARY. 2014
Global markets at a glance Asian share markets were under water after a sudden reversal in some very popular, and thus crowded, trades sparked a bout of global risk aversion. The net result was a pullback in the euro, sterling, and stocks and a bounce for the yen, gold and bonds. MSCI's broadest index of AsiaPacific shares outside Japan shed a sharp 1.3%, with markets from Shanghai to Sydney all in the red. European stocks slipped on Thursday as soft Chinese and French manufacturing data prompted investors to start new year trading by cashing in a portion of the lofty gains made in 2013. The FTSEurofirst 300 index of top European shares, which gained 16 % in 2013, ended its first session of 2014 down 0.8% at 1,305.59 points. The drop was bigger in the euro zone, with the blue-chip Euro STOXX 50 index losing 1.6%, to 3,059.93 points. Wall Street Update U.S. stocks fell on their first day of trading in 2014 as investors booked profits. The Dow Jones DJI was down 135.31 points, or 0.82%, at 16,441.35. The SPX was down 16.38 points, or 0.89%, at 1,831.98. The Nasdaq Composite Index was down 33.52 points, or 0.80%, at 4,143.07. Previous day Roundup After consolidating for the past seven sessions, the market has seen sharp breakout on the lower side on Thursday with the equity benchmarks sliding more than a percent in last hour of trade. The Sensex closed below the 21000 level for the first time in last nine sessions, falling 252.15 pts or 1.19% to 20,888.33. The index lost nearly 450 pts from day’s high. The Nifty fell 80.50pts or 1.28% to 6,221.15. The broader markets too took a knock after gaining momentum since last week. The BSE Midcap declined 1.77 % and Smallcap slipped 2 %.
World Indices Index
Value
% Change
16,441.36
-0.82
S&P 500
1,831.98
-0.89
NASDAQ EURO STO FTSE 100
4,143.07 3,059.93 6,717.91
-0.80 -1.58 -0.46
Nikkei 225 Hong Kong
16,291.31 22,923.63
+0.69 -1.73
DJl
Top Gainers Company
CMP
Change
% Chg
101.70
2.20
+2.21
TCS
2,167.95
14.65
+0.68
INFY
3,484.20
16.20
+0.47
574.50
2.15
+0.38
1,770.00
6.00
+0.34
CMP
Change
% Chg
104.45 52.95 609.00 87.10 1,034.00
5.30 2.55 25.90 3.30 34.55
-4.83 -4.59 -4.08 -3.65 -3.23
Prev. Close
Change
%Chg
ARVIND
143.50
4.65
+3.35
DELTACORP
107.60
4.25
-3.80
GLOBOFFS
107.50
5.65
-4.99
JSWSTEEL
1004.95
10.45
-1.03
298.45
11.10
-3.59
Prev. Close
Change
%Chg
159.90 35.20
25.70 0.80
-13.85 -2.22
CMP
Change
% Chg
6,221.15 20,888.33
-80.50 -252.15
-1.28 -1.19
POWERGRID
SUNPHARMA MARUTI
Top Losers Company
IDFC JPASSOCIAT PNB TATAPOWER LT
Stocks at 52 Week’s high Symbol
TATACOMM Index stats The Bankex and Bank Nifty both declined 1.82% & 1.78% respectively. Among the sartorial indices all the sectors were down; Capital Goods [down 291.47pts], AUTO [down 104.19pts], PSU [down 127.55pts], Consumer Durables [down 101.72pts], Oil & Gas [down 151.25pts], Metals [down 148.50pts], Realty [down 45.21pts], TECK [down 20.97pts], Power [down 35.54pts], FMCG [down 114.16pts] and Healthcare [down 72.53pts], the only index advanced slightly was IT [up 9.63pts].
YOUR MINTVISORY
Stocks at 52 Week’s Low Symbol
BRFL MAHABANK
Indian Indices Company NIFTY SENSEX
Call us at +91-731-6642300
DAILY REPORT 03rd JANUARY. 2014
EQUITY CASH & FUTURE
STOCK RECOMMENDATIONS [FUTURE] 1. ADANI ENTERPRIZES
STOCK RECOMMENDATION [CASH] 1. CASTROL
SELL ADANIENT BELOW 254 TGT 250-245 SL 260
BUY CASTROL ABOVE 320 TGT 325-330 SL 314
2. ASIAN PAINTS
MACRO NEWS India’s Service PMI will be announced today. The HSBC India Manufacturing Purchasing Managers' Index (PMI) dropped slightly from 51.3 in Nov to 50.7 in Dec. India's manufacturing sector decelerated as a slowdown in domestic order flows led to slower output growth. The government's move to restrict import of the yellow metal has resulted in a windfall for the designated importers such public sector companies and banks, which have now begun charging a premium, giving jewellers reason to seek higher prices. The oil ministry has formed a panel to codify globally recognized industry practices for adoption in India. Infosys is to Announce it’s third Quarter Results on January 10, 2014. CCEA clears changes to Mega Power Policy. Power plants are also allowed to sell only 65% of their production to state discosm via a competitive bidding. Earlier, power plants used to sell 85% of their production to state discoms.
SELL ASIAN PAINTS BELOW 481 TGT 476-470 SL 488 YOUR MINTVISORY
Call us at +91-731-6642300
DAILY REPORT FUTURE & OPTION
03rd JANUARY. 2014
STOCKS IN NEWS The Power Grid Corporation connected the southern power grid to the National Electricity Grid. The move will facilitate easier transmit of power from surplus states in other regions to several power-deficient southern states. SBI to raise Rs 2000 crore via 10-year Tier II bond. HCC wins order worth Rs 442.5 crore. UCO Bank to offload bad loans worth Rs 1900 crore. Lakshmi Vilas Bank to mull rights issue today. Vodafone in talks to buy Tatas out of Teleservices. Shree Uttam Steel merger with Uttam Galva gets CCI nod.
MOST ACTIVE PUT OPTION Symbol
Option Type
Strike Price
LTP
Traded Volume (Contracts)
Open Interest
NIFTY
PE
6,300 129.00
3,34,929
35,76,700
NIFTY
PE
6,200
83.80
2,73,085
39,43,600
NIFTY
PE
6,100
52.50
1,73,243
33,14,250
BANK NIFTY
PE
11,000 208.00
17,571
1,51,275
SBIN
PE
1,700
38.00
5,464
3,34,750
TATASTEEL
PE
420
11.95
1,469
4,80,000
RELIANCE
PE
900
35.00
1,691
2,11,750
MCDOWELLN
PE
2,600
77.00
1,402
91,875
MOST ACTIVE CALL OPTION Symbol
Option Type
Strike Price
LTP
Traded Volume (Contracts)
Open Interest
NIFTY
CE
6,400
48.90
3,41,382
41,53,050
NIFTY
CE
6,500
25.45
2,94,566
53,08,350
NIFTY
CE
6,600
11.70
2,00,537
33,24,800
BANKNIFTY
CE
12,000
70..25
31,860
3,13,975
SBIN
CE
1,900
32.00
13,405
6,06,250
RELIANCE
CE
900
14.40
4,959
9,26,250
DLF
CE
180
3,05
2,937
24,40,000
RCOM
CE
140
2.70
2,210
20,20,000
TATASTEEL
CE
430
8.30
1,989
5,25,000
NIFTY FUTURE
SELL NIFTY BELOW 6240 TGT 6220-6190 SL 6265
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
74992
2349.38
75809
2375.61
444626
13804.65
-26.23
INDEX OPTIONS
498095
15537.92
484734
15142.20
1015745
31513.10
395.71
STOCK FUTURES
56596
1891.27
58024
1980.28
963484
30572.67
-89.01
STOCK OPTIONS
39159
1162.12
41689
1235.44
34215
1061.87
-73.32
TOTAL
207.16
INDICES NIFTY
S2
S1
PIVOT
R1
R2
6116.58
6168.86
6263.58
6315.86
6410.58
NIFTYJUNIOR
12442.56
12580.18
12834.56
12972.18
13226.56
BANK NIFTY
10875.4
11029.3
11304.1
11458.0
11732.8
YOUR MINTVISORY
Call us at +91-731-6642300
DAILY REPORT 03rd JANUARY. 2014
COMMODITY MCX
RECOMMENDATIONS SILVER
COMMODITY ROUNDUP The GOLD rate touched an intraday high of Rs 28977 and an intraday low of Rs 28490. So far 15180 contracts had been traded. Gold Price is taking support at 28480 and traded in sideways big range all day. In evening session gold price broke the nearest resistance of 28860 and made high of 28977. Gold prices gained Rs 175 to Rs 30,200 per 10g here for the second straight day on increased buying by stockists and jewellers for the ensuing marriage season and a firming global trend. Silver also jumped Rs 950 to Rs 44,750 a kg on increased offtake by jewellers and industrial units. In a similar fashion, silver ready surged Rs 950 to Rs 44,750 a kg and weeklybased delivery Rs 1,220 to Rs 45,180 a kg. It had gained Rs 45 in last trading session. Silver coins also spurted Rs 1,000 to Rs 85,000 for buying and Rs 86,000 for selling of 100 pieces. The SILVER rate touched an intraday high of Rs 45500 and an intraday low of Rs 44000. So far 29034 contracts have been traded.
TRADING STRATEGY: BUY SILVER ABOVE 45500 TGTS 45700/46000 SL 45100 SELL SILVER BELOW 45100 TGTS 44900/44600 SL 45450 GOLD
Silver opened at morning with gap up and made day high. In mid session silver traded in narrow range and made night high 45500. After evening there had been seen more buying pressure in silver and it will helpful to break the nearest resistance 45500,. Gold in international market was also a beaten-down asset to get a reprieve. The metal swung up to $1,229.84 having been as low as $1,183.80 early in the week. Oil prices steadied after taking a fall on Thursday as Libya prepared to restart a major oilfield and on speculation of a sharp rise in crude stockpiles in the United States. The price of oil fell below $98 a barrel Thursday amid reduced trading volumes and the impact of a strengthening dollar. By early afternoon in Europe, benchmark oil for February delivery was down 72 cents to $97.70 on the New York Mercantile Exchange. On Tuesday, the Nymex contract fell 87 cents to close the year at $98.42. Markets were closed Wednesday for New Year's Day.
TRADING STRATEGY: BUY GOLD ABOVE 29000 TGTS 29080/29180 SL 28880 SELL GOLD BELOW 28840 TGTS 28760/28660 SL 28950
YOUR MINTVISORY
Brent crude edged up 32 cents to $108.10 a barrel but that followed a drop of $2.98 on Thursday. U.S. crude was up 20 cents at $95.64, having shed almost $5 the day before.
Call us at +91-731-6642300
DAILY REPORT 03rd JANUARY. 2014
NCDEX
RECOMMENDATIONS CASTORSEED
NCDEX INDICES Index
Value
% Change
Castor Seed
4420
-4.00
Chana
3074
-1.00
Coriander
7848
-3.99
Cotton Seed Oilcake
1486
-0.20
12850
+2.51
Maize– Feed/ Industrial Grade
1197
+0.17
Mustard seed
3571
+0.79
Soy Bean
3792
-0.33
Sugar M Grade
2815
-0.18
Turmeric
6570
-0.64
Jeera
BUY CASTORSEED FEB ABOVE 4605 TGTS 4635,4685 SL 4555 SELL CASTORSEED FEB BELOW 4470 TGTS 4440,4390 SL 4520 DHANIYA
BUY DHNAIYA JAN ABOVE 7950 TGTS 7980,8030 SL 7900 SELL DHANIYA JAN BELOW 7800 TGTS 7770,7720 SL 7850
YOUR MINTVISORY
NCDEX ROUNDUP Sugar output declined 29 per cent in the first three months of the current sugar year (October–September), thanks to a delay in crushing activities in sugar mills across the country. The Indian Sugar Mills Association (ISMA) said total sugar production stood at 5.74 million tonnes (mt) in the first quarter of the current season, as compared to 8.03 mt in the corresponding period last year. Sugar mills have stepped up crushing operations, narrowing down the deficit in the current season’s output. By December 15, the production deficit was reported at 50 per cent. Sugar mills across the country started operations towards the last week of November, more than two weeks late from the normal crushing season due to the rift between the government and the mill owners over cane prices for the current year. Continuing its losing streak for the third straight session, potato prices fell by 0.63% at Rs 969.80 per quintal in futures market yesterday as speculators offloaded their positions due to low demand. At the Multi Commodity Exchange, potato prices for delivery in March lost another Rs 6.10, or 0.63%, to Rs 969.80 per quintal in a business turnover of 54 lots. Likewise, potato for delivery in far-month April traded lower by Rs 5, or 0.52%, to Rs 959.80 per quintal in 11 lots. Call us at +91-731-6642300
DAILY REPORT 03rd JANUARY. 2014
CURRENCY
RBI Reference Rate Currency
Rate Currency
Rupee- $
61.9020 Yen-100
Euro
85.1556 GBP
EUR/INR
Rate
58.7900 102.7418
CURRENCY ROUNDUP The Indian Rupee depreciated around 0.2 percent in yesterday’s trading session. The currency depreciated on the back of month end dollar demand from oil firms and importers. Further, weak domestic market sentiments exerted downside pressure on the currency. Also, less volatility was observed as majority markets were closed on the eve of New Year holiday. However, sharp downside in the currency was cushioned due to selling of dollars from exporters and state run banks coupled with constant inflow of foreign funds. The currency touched an intra-day low of 61.985 and closed at 61.90 on Wednesday.
BUY EUR/INR ABOVE 85.83 TGTS 85.98, 86.11 SL 85.43. SELL EUR/INR BELOW 85.35 TGTS 85.18, 85.02 SL 75.
The euro took a spill as speculators booked profits on long positions after a strong 2013. The single currency was stuck at $1.3657 after shedding a full cent overnight. The same forces gripped sterling, another strong performer in recent months. The pound peeled away to $1.6441 from a 28month peak of $1.6605.
JPY/INR That in turn lifted the U.S. dollar index, a gauge of the greenback's value against six major currencies, by the most in five months. The index was at 80.595 compared to a trough of 80.083 the day before. The yen enjoyed a short-covering bounce. Borrowing in yen to buy higher yielding assets has been a vastly popular trade, leaving the market vulnerable to sudden, if usually brief, reversals. In this case the dollar came off to 104.65 yen after being as high as 105.44, its strongest level since October 2008. Likewise, the euro retreated to 143.00 yen from a peak of 145.12 on Thursday.
BUY JPY/INR ABOVE 59.60 TGTS 59.74, 59.93 SL 59.25. SELL JPY/INR BELOW 58.94 TGTS 58.81, 58.64 SL 59.29.
YOUR MINTVISORY
The short-covering theme extended to U.S. Treasury debt, which has been under pressure for pretty much all of the past two months. Yields on the 10-year note dipped to 2.99 % from a top of 3.04 %, which had been the highest sine mid-2011.
Call us at +91-731-6642300
DAILY REPORT 03rd JANUARY. 2014
CALL REPORT PERFORMANCE UPDATES
Date
Commodity/ Currency Pairs
Contract
Strategy
Entry Level
Target
Stop Loss
Remark
02/01/14
MCX GOLD
FEB.
BUY
28490
28570-28670
28380
BOOKED FULL PROFIT
02/01/14
MCX GOLD
FEB.
SELL
28380
28300-28200
28480
NOT EXECUTED
02/01/14
MCX SILVER
MAR.
BUY
44250
44450-44750
43880
BOOKED PROFIT
02/01/14
MCX SILVER
MAR.
SELL
43700
43500-43200
44100
NOT EXECUTED
02/01/14
NCDEX CASTOR SEED
FEB.
SELL
4625
4595-4545
4675
BOOKED FULL PROFIT
02/01/14
NCDEX CASTOR SEED
FEB.
BUY
4725
4755-4605
4675
NOT EXECUTED
02/01/14
NCDEX DHANIYA
JAN.
BUY
8240
8270-8320
8190
SL TRIGGERED
02/01/14
NCDEX DHANIYA
JAN.
SELL
8130
8100-8050
8180
BOOKED PROFIT
02/01/14
GBP/INR
JAN.
SELL
102.65
102.50-102.30
103.05
NOT EXECUTED
02/01/14
GBP/INR
JAN.
BUY
103.20
103.36-103.55
102.75
BOOKED FULL PROFIT
02/01/14
EUR/INR
JAN.
SELL
85.34
85.19-85.02
85.74
NOT EXECUTED
02/01/14
EURINR
JAN.
BUY
85.78
85.92-86.11
85.38
NO PROFIT NO LOSS
Date
Scrip
CASH/ FUTURE/ OPTION
Strategy
Entry Level
Target
Stop Loss
Remark
02/01/14
NIFTY
FUTURE
BUY
6340-6350
6375-6390
6310
BOOKED FULL PROFIT
02/01/14
IRB
FUTURE
BUY
96.50-97.50
99-102
94.50
BOOKED FULL PROFIT
02/01/14
RCOM
FUTURE
BUY ON DIPS
137-139
142-145
135
SL TRIGGERED
02/01/14
UBHOLDINGS
CASH
BUY
38
42-46
34
NOT EXECUTED
01/01/14
NIFTY
FUTURE
BUY
6340-6350
6375-6390
6310
BOOKED FULL PROFIT
31/12/13
NIFTY
FUTURE
SELL
6370-6390
6320-6280
6420
BOOKED FULL PROFIT
31/12/13
BHEL
FUTURE
BUY
168-170
175-180
165
SL TRIGGEERD
30/12/13
KOTLE PATIL
CASH
BUY
95
100-105
90
SL TRIGGERED
27/12/13
TATA STEEL
FUTURE
BUY
428
434-438
422
CALL OPEN
23/12/13
RELIANCE
FUTURE
BUY
895-900
915-935
878
SL TRIGGEERD
YOUR MINTVISORY
Call us at +91-731-6642300
DAILY REPORT 03rd 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