Published on March 6, 2014
DAILY REPORT 06th MARCH 2014 Global markets at a glance Asian shares could enjoy a reprieve on Thursday as diplomatic efforts moderate the crisis over Ukraine. MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was little changed. Japan's Nikkei share average .N225 gained 0.3 percent in early trade. European shares were steady on Wednesday as Washington and Moscow set up talks to ease tensions over Ukraine, but companies Subsea 7 and Adidas suffered after downbeat results. The FTSEurofirst 300 was down 0.1 percent at 1,343.23 points by 1059 GMT, after two days of sharp swings. Wall Street Update The S&P 500 finished almost flat, just below its all-time high on Wednesday as investors shrugged off soft data on jobs and the services sector while keeping an eye on developments in Ukraine. The tech-heavy Nasdaq index closed slightly higher, outperforming the broader market. Facebook shares climbed to an all-time high of USD 71.97. The stock closed up 4 percent at USD 71.57. But the Dow Jones industrial average slipped, led by losses in Exxon Mobil, down 1.8 percent, and Nike Inc , down 1.5 percent. The Dow Jones industrial average fell 35.70 points or 0.22 percent, to end at 16,360.18. The S&P 500 dipped just 0.10 of a point, or 0.01 percent, to finish at 1,873.81. The Nasdaq Composite added 6 points or 0.14 percent, to close at 4,357.97. The S&P 500 also hit an intraday record high on Wednesday at 1,876.53. World Indices Index Value % Change 16360.18 -0.22 S&P 500 1873.81 -0.01 NASDAQ EURO STO FTSE 100 4357.97 3135.97 6775.42 +0.14 -0.01 -0.71 Nikkei 225 Hong Kong 14958.42 22659.25 +0.41 +0.35 DJl Top Gainers Company CMP Change % Chg BANKBARODA 613.75 37.00 +6.42 PNB 590.95 25.15 +4.45 DLF 144.90 5.05 +3.61 2,648.00 76.95 +2.99 102.40 2.90 +2.91 GRASIM IDFC Top Losers Company CMP Change % Chg TATAPOWER 77.50 2.55 -3.19 BHARTIARTL 282.30 5.05 -1.76 HCLTECH 1461.5 19.90 -1.34 CAIRN 326.15 4.30 -1.30 Prev. Close Change %Chg ADANIPORTS 176.50 1.05 +0.60 AUROPHARMA 534.60 7.15 +1.36 BHARATFORG 398.50 8.10 +2.07 GAIL 375.80 4.75 -1.25 Prev. Close Change %Chg 49.70 228.25 0.10 1.75 +0.20 -0.76 CMP Change % Chg 21,267.86 +67.13 +0.32 6,328.65 +30.70 +0.49 Stocks at 52 Week’s high Previous day Roundup The 50-share NSE benchmark closed above the 6,300-mark for the first time since January 23 supported largely by PSU banks that rallied between 2-6 percent post FM conference. The Sensex rose 67.13 points to 21276.86 and the Nifty climbed 30.70 points to 6328.65 that is 35 points away from all-time closing high of 6363.9 Symbol Stocks at 52 Week’s Low Index stats The Market was very volatile in yesterday’s session. The sartorial indices performed as follow Consumer Durables [down 145.52pts], Capital Good [up 118.84pts], PSU [up 72.42pts], FMCG [up 24.61pts], Realty [up 23.67Pts], Power [up 6.07pts], Auto [down 28.86pts], Healthcare [down 16.03pts], IT [up 18.37pts], TECK [up 10.88pts], Oil& Gas [down 13.03pts]. Symbol ESSARPORTS KIRLOSIND Indian Indices Company NIFTY SENSEX YOUR MINTVISORY Call us at +91-731-6642300
DAILY REPORT 06th MARCH 2014 EQUITY CASH & FUTURE STOCK RECOMMENDATIONS [FUTURE] 1. BANK OF BARODA STOCK RECOMMENDATION [CASH] 1. HONDA SIEL POWER LTD. BANK OF BARODA FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sustains above 610 levels. We advise buying around 610-615 levels with strict stop loss 595 for the targets of 625-650 levels. HONDA SIEL POWER LTD is looking strong on charts. We advise buying above 520 levels with strict stop loss of 450 for the targets of 560-600-650 levels. 2. CANARA BANK CANARA BANK FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sustains above 228 levels. We advise buying around 228-232 levels with strict stop loss 218 for the targets of 238-245 levels. YOUR MINTVISORY MACRO NEWS Elections to the 16th Lok Sabha will be held in nine phases beginning April 7 to May 12, 2014. Announcing the dates, Election Commission said 16th Lok Sabha should be constituted before May 31, 2014. Total electorate is estimated at 814 mn for general elections, which is an increase of more than 100 mn electors since last general elections. With the announcement of polls dates, the election code of conduct comes into force with immediate effect, freezing possibility of new policy announcement. The dates for Parliamentary poll are April 7, 9, 10,12, 17, 24 ,30, May 7 & 9. India’s CAD narrowed sharply to USD 4.2bn (0.9% of GDP) in Q3 of 2013-14 from USD 31.9bn (6.5% of GDP) in Q3 of 2012-13 primarily on account of a decline in trade deficit as merchandise exports picked up and imports moderated. This is also lower than USD 5.2bn (1.2% of GDP) in Q2 of 2013-14. The model code of conduct that has come into force will not affect the issuance of new bank licences and the implementation of decisions already announced will go on uninterrupted, FM said on Wednesday. Activity in the largest segment of the economy – services – contracted for an eighth straight month in February due to weak orders. Call us at +91-731-6642300
DAILY REPORT FUTURE & OPTION 06th MARCH 2014 MOST ACTIVE PUT OPTION Symbol Option Type Strike Price LTP Traded Volume (Contracts ) NIFTY PE 6,300 55 3,00,240 43,33,500 NIFTY PE 6,200 30.2 2,83,798 73,18,250 NIFTY PE 6,100 16 1,73,633 49,06,150 BANKNIFTY PE 10,500 45 22,471 4,94,350 SBIN PE 1,500 14.25 5,708 2,79,750 ICICIBANK PE 1,050 10.7 3,069 3,76,250 AXISBANK PE 1,300 41.9 1,879 1,61,250 RELIANCE PE 820 20.2 1,776 2,93,250 Traded Volume (Contracts) STOCKS IN NEWS SpiceJet makes top-level changes Tata Motors and Chinese carmaker Chery Automobile are holding talks to explore possible tie-ups. Tech tie-ups with MNCs yield a rich harvest for Dhanuka Agritech. Titan may buy spectacles frames from Vietnam Raymond launches cool wool range in association with Woolmark. Thermal Power companies fail to meet MoEF’s 100% fly ash use target Thermal Power companies fail to meet MoEF’s 100% fly ash use target. NIFTY FUTURE Open Interest Open Interest MOST ACTIVE CALL OPTION Symbol Option Type Strike Price LTP NIFTY CE 6,400 46.5 2,85,836 55,41,250 NIFTY CE 6,300 99 2,35,054 48,18,900 NIFTY CE 6,500 17.15 1,79,236 34,44,250 BANKNIFTY CE 11,000 257.05 27,597 3,11,875 SBIN CE 1,550 45 10,457 5,65,000 ICICIBANK CE 1,100 29.1 5,916 YESBANK CE 340 8 3,573 TCS CE 2,300 32.75 2,892 4,30,000 Nifty Future closed in the green in the last trading ses7,48,000 sion. We advise buying around 6300-6320 levels with strict stop loss of 6260 for the targets of 6360-6390. 2,04,875 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 50592 1556.30 30089 928.02 344871 10788.61 628.28 INDEX OPTIONS 297128 9011.39 311180 9367.78 1198804 37705.20 -356.39 STOCK FUTURES 81772 2589.71 68873 2220.11 1023614 31661.62 369.59 STOCK OPTIONS 42857 1235.82 42955 1239.15 44252 1300.21 -3.32 TOTAL 338.17 INDICES S2 S1 PIVOT R1 R2 NIFTY 6269.11 6298.88 6317.56 6347.33 6366.01 NIFTYJUNIOR 12248.1 12301.55 12341.6 12395.05 12435.1 BANK NIFTY 10817.1 10957.95 11040.25 11181.1 11263.4 YOUR MINTVISORY Call us at +91-731-6642300
DAILY REPORT 06th MARCH 2014 COMMODITY MCX RECOMMENDATIONS SILVER TRADING STRATEGY: BUY SILVER(MAY) ABOVE 47500 TGTS 47700/48000 SL 47140 SELL SILVER(MAY) BELOW 46850 TGTS 46650/46350 SL 47150 GOLD COMMODITY ROUNDUP Gold remained weak on strong dollar amid easing worries in Ukraine, as investors shifted their money to equities. The U.S. is to release the ADP private sector job reports, ISM service sector activity later yesterday. The Comex gold April delivery quotes at $1,334.20 an ounce, down $3.70 and the March Silver quotes at $21.258, up $0.036 from last day close. MCX Gold remained weak second day on weak global markets amid stronger local currency. The April Gold quotes at Rs 30,160, almost flat over last day close. Silvre March quotes at Rs 46,570, up Rs 18 per 1 kg. Indian rupee touched six weeks high level with the currency quotes at Rs 61.74 per US dollar, down 0.15% from last day close. MCX Crude oil futures stayed on a corrective course, easing from highs around Rs 6400 per barrel. Global crude oil prices also witnessed a mild correction ahead of the US weekly energy inventories data even as global equities stayed supported on receding geopolitical worries over Ukraine. WTI Crude oil quotes at $103, down 33 cents per barrel. MCX Crude oil quotes at Rs 6370, down Rs 25 per barrel or 0.40% on the day. Most of the global stock markets edged up today, extending their yesterday's momentum. The benchmark Nifty index in India added nearly half a percent while stocks in Taiwan, South Korea and Australia edged up around 1%. The euro area GDP rose by 0.3% during the fourth quarter of2013, compared with the previous quarter, according to second estimates published by Euro stat, the statistical office of the European Union. In the third quarter of 2013, GDP grew by 0.1% in the euro area Compared with the same quarter of the previous year, seasonally adjusted GDP rose by 0.5% in the euro area in the fourth quarter of 2013, after falling 0.3% in the previous quarter. TRADING STRATEGY: BUY GOLD(APR) ABOVE 30320 TGTS 30400/30500 SL 30190 SELL GOLD(APR) BELOW 30050 TGTS 29970/29870 SL 30170 YOUR MINTVISORY Silver prices moved up by Rs 87 to Rs 48,186 per kg in futures trade yesterday, largely driven by a firming trend overseas. At the Multi Commodity Exchange, silver for delivery in July moved up by Rs 87, or 0.18%, to Rs 48,186 per kg in business turnover of 3 lots. Similarly, the white metal for delivery in May rose by Rs 44, or 0.09%, to Rs 47,256 per kg in 372 lots. Market analysts attributed the rise in silver prices at futures trade to a firming trend in the global markets. Meanwhile, silver rose as much as 0.20% to $21.21 an ounce in Singapore yesterday. Call us at +91-731-6642300
DAILY REPORT 06th MARCH 2014 NCDEX RECOMMENDATIONS GUARGUM NCDEX INDICES Index Value % Change Castor Seed 4264 +0.12 Chana 3180 +0.35 Coriander 9411 +1.05 Cotton Seed Oilcake 1546 -0.45 11330 -0.24 Maize– Feed/Industrial Grade 1226 -0.81 Mustard seed 3540 -1.14 Soy Bean 4212 -1.43 Turmeric 7180 +0.17 Jeera BUY GURAGUM ABOVE 13000 TG 13050, 13130 SL 12910 SELL GURAGUM BELOW 12700 TG 12650 ,12570 SL 12790 DHANIYA NCDEX ROUNDUP Cardamom futures fell 0.51% to Rs 773.90 per kg yesterday as traders reduced their holdings amid sluggish spot demand. Besides, sufficient stocks position in the physical market also weighed on the prices. At the Multi Commodity Exchange, cardamom for March contract declined by Rs 4, or 0.51%, to Rs 773.90 per kg with a business turnover of 370 lots. The spice for delivery in April fell by Rs 2.30, or 0.28%, to Rs 809 per kg with a trading volume of 196 lots. Besides profit booking by speculators at existing levels, fall in demand in spot market put pressure on cardamom prices in futures market. The production of sugar in India dropped by10.63% to 16.86 million tonnes in the October-February period of the ongoing 2013-14 marketing year, on lower output in most states, including Maharashtra and Uttar Pradesh. Mills had manufactured 18.84 million tonnes of sugar in the same period of last marketing year. BUY DHANIYA ABOVE 9440 TG 9470,9520 SL 9390 SELLDHANIYA BELOW 9350 TG 9320,9170 SL 9400 YOUR MINTVISORY This year, Arabica coffee prices are likely to stand at 150160 cents/pound (lb). Currently, the price is 194 cents/lb, a rise of 92 per cent compared with 101 cents/lb in November 2013. The rise in prices has been significantly high in the last 15-20 days. Call us at +91-731-6642300
DAILY REPORT 06th MARCH 2014 CURRENCY RBI Reference Rate Currency Rate Currency Rupee- $ 61.9045 Yen-100 Euro 85.1365 GBP USD/INR SELL USD/INR BELOW 62.12 TGTS 61.99, 61.85 SL 62.40. BUY USD/INR ABOVE 62.53 TGTS 62.66, 62.80 SL 62.25. JPY/INR Rate 60.8400 103.2567 CURRENCY ROUNDUP The Indian rupee opened lower by 9 paisa at 62.12 against the US dollar during early trade on Tuesday. The rupee had closed at 62.03 per dollar on Monday. The Indian rupee recovered on Tuesday from its biggest daily fall in two weeks in the previous session, mirroring a recovery in Asian currencies after risk sentiment improved on signs of easing tensions over Ukraine. The gains in emerging market currencies came after Russia's president ordered troops in military drills in central and western Russia to return to base, increasing hopes of a peaceful solution in Ukraine. Any resurgence in global risk aversion threatens to reverse the strong dollar inflows into local stocks and debt, which totaled more than $2 billion in February, and helped push the rupee to its highest in more than a month on Friday. The partially convertible rupee closed at 61.845/855 versus Monday's close of 62.04/05 per dollar. With no major trigger, the rupee is largely expected to trade range bound ahead of general elections due by May. The dollar index .DXY edged up to 80.150, moving away from Friday's two-month low of 79.688. The dollar was buying 102.23 yen, inching away from a one-month low of 101.20 hit on Monday, while the euro bought 140.41 yen, moving away from a two-week low of 138.75 yen hit on Thursday. The yen, which rallied on its safe-haven appeal this week as tensions mounted in Ukraine, shed those gains. The euro was nearly flat on the day against the greenback at $1.3740, below Friday's high of $1.3825. SELL JPY/INR BELOW 60.94 TGTS 60.81, 60.66 SL 61.22. BUY JPY/INR ABOVE 61.50 TGTS 61.63, 61.78 SL 61.22. YOUR MINTVISORY The single currency was likely to tread water ahead of Thursday's European Central Bank monetary policy meeting. The ECB could take steps to bolster the region's recovery, as euro zone inflation has been running well below the ECB's target of just under 2 percent. Call us at +91-731-6642300
DAILY REPORT 06th MARCH 2014 CALL REPORT PERFORMANCE UPDATES Date Commodity/ Currency Pairs Contract Strategy Entry Level Target Stop Loss Remark 05/03/14 MCX GOLD APR. BUY 30280 30360-30460 30170 SL TRIGGERED 05/03/14 MCX GOLD APR. SELL 30050 29970-29870 30170 NOT EXECUTED 05/03/14 MCX SILVER MAY BUY 47750 47950-48250 47450 NOT EXECUTED 05/03/14 MCX SILVER MAY SELL 46850 46650-46350 47150 NOT EXECUTED 05/03/14 NCDEX GUARGUM MAR. BUY 13000 13050-13130 12910 SL TRIGGERED 05/03/14 NCDEX GUARGUM MAR. SELL 127000 12650-12570 12790 BOOKED PROFIT 05/03/14 NCDEX DHANIYA APR. BUY 9440 9470-9520 9390 BOOKED PROFIT 05/03/14 NCDEX DHANIYA APR. SELL 9350 9320-9170 9400 NOT EXECUTED 05/03/14 USD/INR MAR. SELL 62.12 61.99-61.85 62.40 BOOKED PROFIT 05/03/14 USD/INR MAR. BUY 62.53 62.66-62.80 62.25 NOT EXECUTED 05/03/14 JPY/INR MAR. SELL 60.94 60.81-60.66 61.22 NOT EXECUTED 05/03/14 JPY/INR MAR. BUY 61.50 61.63-61.78 61.22 NOT EXECUTED CASH/ FUTURE/ OPTION Strategy Date Scrip Entry Level Target Stop Loss Remark 05/03/14 NIFTY FUTURE BUY 6280-6290 6320-6350 6250 NOT EXECUTED 05/03/14 INDUSIND BANK FUTURE BUY 415 422-428 405 BOOKED PROFIT 05/03/14 CANARA BANK FUTURE BUY 220-222 228-234 214 BOOKED PROFIT 05/03/14 TALWALKAR CASH BUY 150-155 160-170 145 CALL OPEN 04/03/14 ITC CASH BUY 332 335-339 328 CALL OPEN 28/02/14 POLARIS CASH BUY 155-160 170-175 145 CALL OPEN 17/02/14 AMTEK INDIA CASH BUY 64-65 70-75 60 CALL OPEN 10/02/14 KRBL CASH BUY 45-46 50-54 40 CALL OPEN YOUR MINTVISORY Call us at +91-731-6642300
DAILY REPORT ECONOMIC CALENDAR 06th MARCH 2014 NEXT WEEK'S U.S. ECONOMIC REPORTS TIME (ET) REPORT PERIOD ACTUAL CONSENSUS FORECAST PREVIOUS MONDAY, MARCH 3 8:30 am Personal income Jan. 0.2% 0.0% 8:30 am Consumer spending Jan. 0.2% 0.4% 9 am Markit PMI Feb. -- 56.7 10 am Construction spending Jan. -0.4% 0.1% 10 AM ISM NONMANUFACTURING JAN. 53.0% TUESDAY, MARCH 04 None scheduled WEDNESDAY, MARCH 05 8:15 am ADP employment Feb. -- 175,000 10 am ISM nonmanufacturing Feb. 53.5% 54.0% 2 pm Beige Book THURSDAY, MARCH 06 8:30 am Weekly jobless claims 3-1 338,000 348.000 8:30 am Productivity 4Q 1.7% 3.2% 10 am Factory orders Jan. -0.8% -1.5% FRIDAY ,MARCH 07 8:30 am Nonfarm payrolls Feb. 140,000 113,000 8:30 am Unemployment rate Feb. 6.6% 6.6% 8:30 am Trade deficit Jan. -39.9 bln -$38.7 bln 3 pm Consumer credit Jan. -- $18.8 bln 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
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