Published on March 18, 2014
DAILY REPORT 18th MARCH 2014 YOUR MINTVISORY Call us at +91-731-6642300 Global markets at a glance Growing tension between the West and Russia ahead of Ukraine's weekend referendum in Crimea pushed down stocks on major world markets on Friday and drove up buying of safe-haven gold and the yen. The FTSEurofirst 300 .FTEU3 index of top European shares closed down 0.7 percent. Shares of companies most ex- posed to Russia fell, including Danish brewer Carlsberg (CARLb.CO), down 0.5 percent. Latin American stocks also fell, with Mexico's IPC stock index .MXX down 0.2 percent. Wall Street Update Wall Street ended lower on Friday with all three major stock indexes down for the week, as concerns over ten- sions between Ukraine and Russia escalated ahead of a referendum in Crimea this weekend. U.S. S&P 500 stock index futures inched higher initially on Friday, indicating the index may hold its ground after its biggest decline since early February, ahead of data on inflation and con- sumer confidence. Equities tumbled on Thursday on rising concerns over Ukraine and Russia and new signs of an eco- nomic slowdown in China. The Dow Jones industrial average .DJI fell 43.22 points or 0.27 percent, to 16,065.67, the S&P 500 .SPX lost 5.21 points or 0.28 percent, to 1,841.13 and the Nasdaq Com- posite Cdropped 15.023 points or 0.35%, to 4,245.396. Previous day Roundup It was a tough tussle for the bulls on Dalal Street, but the market managed to end in green. The Nifty closed up 11.10 points at 6504.20 and the Sensex was up 35.19 points at 21809.80. About 1200 shares advanced, 1534 shares declined, and 144 shares were unchanged. Capital goods provided strong support to the indices. BHEL and L&T were up 2.5 percent each. Dr Reddy's Labs, Cipla and Tata Steel were other gainers in the Sensex. Index stats The Market was very volatile in yesterday’s session. The sartorial indices performed as follow Consumer Durables [down 15.11pts], Capital Goods [up 210.36pts], PSU [down 0.71pts], FMCG [up 23.47pts], Realty [up Pts], Power [up pts], Auto [up 119.23pts], Healthcare [up 81.74pts], IT [up 35.72pts], Metals [up 39.60pts], TECK [down 27.51pts], Oil& Gas [up 23.35pts]. World Indices Index Value % Change D J l 16,065.67 -0.27 S&P 500 1,841.13 -0.28 NASDAQ 4,245.40 -0.35 EURO STO 3,004.64 -0.49 FTSE 100 6,527.89 -0.40 Nikkei 225 14,327.66 -3.30 Hong Kong 21,539.49 -1.00 Top Gainers Company CMP Change % Chg DLF 175.00 6.65 +3.95 JPASSOCIAT 48.35 1.70 +3.64 BHEL 188.90 5.80 +3.17 NMDC 129.40 3.30 +2.62 LT 1255.20 30.00 +2.45 Top Losers Company CMP Change % Chg RANBAXY 343.65 11.30 -3.18 HCLTECH 1417.00 42.20 -2.89 WIPRO 547.55 16.05 -2.85 AXISBANK 1348.85 32.30 -2.34 Stocks at 52 Week’s high Symbol Prev. Close Change %Chg ABB 791.50 26.05 -3.19 CUMMININD 549.00 20.90 +3.96 LT 1255.20 30.00 +2.45 M&M 1029.05 13.00 +1.28 Indian Indices Company CMP Change % Chg NIFTY 6,504.20 +11.10 +0.17 SENSEX 21,809.80 +35.19 +0.16 Stocks at 52 Week’s Low Symbol Prev. Close Change %Chg CASTROLIND 300.00 12.30 +4.28 MYSOREBANK 371.45 9.35 -2.46 ESSARPORTS 49.00 51.45 -2.45
DAILY REPORT 18th MARCH 2014 YOUR MINTVISORY Call us at +91-731-6642300 STOCK RECOMMENDATIONS [FUTURE] 1. VOLTAS VOLTAS FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sustains above 140 levels. We advise buying around 140-142 levels with strict stop loss 136 for the targets of 146-148 levels. 2. LT LT FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sustains above 1250 levels. We advise buying around 1250-1260 levels with strict stop loss 1220 for the targets of 1290-1325. EQUITY CASH & FUTURE STOCK RECOMMENDATION [CASH] 1. SOMANY CERAMICS LTD. SOMANY CERAMICS LTD is looking strong on charts. We ad- vise buying around 155-160 levels with strict stop loss of 145 for the targets of 170-185 levels. MACRO NEWS The wholesale price-indexed (WPI) inflation for the month of February came in at a nine-month low of 4.68 percent as prices of kitchen staples like onion and po- tato eased, providing some headroom for the RBI to cut interest rate in its forthcoming monetary policy. Infla- tion, which is on decline since December, was 5.05 per cent in January. Prior to February, the lowest WPI was recorded in May 2013 at 4.58 per cent. In June, it had inched up again to 5.16 per cent. Shares of Multi-Commodity Exchange crashed as the company future looks bleak. In a latest, MCX-SX board elected Thomas Mathew, Former Chairman LIC as the Chairman of the exchange and Ashima Goyal, Professor at IGIDR as the Vice Chairperson of the exchange. Its chairman GK Pillai stepped down on Friday. The government concluded divesting 10 percent stake in Indian Oil Corporation for Rs 5340 crore in an off- market transaction. The state-run ONGC and Oil India picked up 5 percent each in IOC at Rs 220 a share. Post the deal, ONGC stake in IOC will go up to 13.77%. Banks are biting the bullet and seeking to sell a record $7 bn of bad loans to asset reconstruction cos as they rush to clean up their books.
DAILY REPORT 18th MARCH 2014 YOUR MINTVISORY Call us at +91-731-6642300 FUTURE & OPTION MOST ACTIVE PUT OPTION Symbol Op- tion Type Strike Price LTP Traded Volume (Contracts ) Open Interest NIFTY PE 6,500 46.55 4,90,331 50,92,800 NIFTY PE 6,400 21 4,78,143 62,31,550 NIFTY PE 6,300 9.15 2,71,382 53,52,450 BANKNIFTY PE 12,000 163.5 33,307 2,52,625 SBIN PE 1,600 13 4,170 2,84,000 AXISBANK PE 1,350 35.7 3,738 4,97,750 INFY PE 3,300 25.9 3,442 1,29,625 ICICIBANK PE 1,200 21.6 3,107 3,04,000 MOST ACTIVE CALL OPTION Symbol Option Type Strike Price LTP Traded Volume (Contracts) Open Interest NIFTY CE 6,500 83 4,43,542 43,98,450 NIFTY CE 6,600 35.95 4,02,026 47,05,400 NIFTY CE 6,700 12.25 2,06,301 33,05,600 BANKNIFTY CE 12,500 88.1 40,817 2,67,200 SBIN CE 1,700 25.7 6,565 6,20,250 RELIANCE CE 900 13.9 5,004 13,33,500 INFY CE 3,500 23 3,619 3,14,875 AXISBANK CE 1,400 18.6 3,579 2,58,750 FII DERIVATIVES STATISTICS BUY OPEN INTEREST AT THE END OF THE DAYSELL No. of Contracts Amount in Crores No. of Contracts Amount in Crores No. of Contracts Amount in Crores NET AMOUNT INDEX FUTURES 51798 1663.78 73050 2342.71 495051 16060.15 -678.93 INDEX OPTIONS 487205 15410.33 475710 14969.74 1632929 52893.79 440.60 STOCK FUTURES 81559 2807.42 100514 3375.41 1070376 34385.82 -567.99 STOCK OPTIONS 58335 1972.21 58679 2000.25 99502 3142.90 -28.03 TOTAL -834.35 INDICES S2 S1 PIVOT R1 R2 NIFTY 6399.36 6451.78 6485.11 6537.53 6570.86 NIFTYJUNIOR 12357.11 12445.63 12495.96 12584.48 12634.81 BANK NIFTY 11781.45 11918.64 12004.34 12141.54 12227.24 STOCKS IN NEWS Financial Tech sells warehousing arm for Rs 242 cr. MCX-SX looks to bring in new investors Gas price hike, lower subsidies to boost OIL India's prospects. Tea exports dip 13.24 pc in April-February RBI's foreign exchange reserves in gold fall 15%. Government plan to connect rural India with Bharat Broadband by end-2013 moves beyond deadlines. NIFTY FUTURE Nifty Future closed in the green in the last trading ses- sion. We advise buying around 6480-6500 levels with strict stop loss of 6450 for the targets of 6550-6590.
DAILY REPORT 18th MARCH 2014 YOUR MINTVISORY Call us at +91-731-6642300 RECOMMENDATIONS SILVER TRADING STRATEGY: BUY SILVER(MAY) ABOVE 47500 TGTS 47750/48100 SL 47150 SELL SILVER(MAY) BELOW 46700 TGTS 46450/46100 SL 47050 GOLD TRADING STRATEGY: BUY GOLD(APR) ABOVE 30660 TGTS 30740/30840 SL 30550 SELL GOLD(APR) BELOW 30430 TGTS 30350/30250 SL 30530 COMMODITY ROUNDUP Silver prices moved up by 0.36% to Rs 46,902 per kg in fu- tures trade on Friday as participants engaged in creating speculative positions, tracking a firming trend in precious metals overseas. At MCX, silver for delivery in May con- tracts traded higher by Rs 168, or 0.36%, to Rs 46,902 per kg in business turnover of 287 lots. On similar lines, the metal for delivery in far-month July traded Rs 153, or 0.32%, higher at Rs 47,771 per kg in a turnover of two lots. In the international market, silver added 0.4%, to trade at $21.26 an ounce in Singapore. Gains in silver prices were attributed at futures trade to a firming trend overseas as flaring ten- sion in Ukraine, before a vote in Crimea on breaking away to join Russia, and concern that China's growth is faltering boosted demand for the precious. Amid short covering by speculators and rising spot demand, copper futures prices on Friday rose by 0.38% to Rs 401.10 per kg. However, metal's weakness at the London Metal Exchange (LME) as China's outlook hurts demand, capped the gains. At the MCX, copper for delivery in April rose by Rs 1.50, or 0.38%, to Rs 401.10 per kg, with a turnover of 1,284 lots. Similarly, the metal for delivery in June was up by Rs 1.50, or 0.37%, at Rs 404.35 per kg, with a trade volume of 34 lots. Globally, copper for three-month delivery rose 0.50% to $6,386 a tonne at the LME, while it fell by 0.60% to 44,140 yuan ($7,184) per tonne for June delivery in Shang- hai. Attributed the rise in copper futures to covering-up of short positions by speculators and rising spot demand but a weak trend in global markets on weakening economic data in China, the world's biggest consumer of metal, restricted gains. Light Sweet Crude Oil futures for April delivery, the most actively traded contract, gained $0.69 or 0.7 percent to close at $98.89 a barrel on the New York Mercantile Ex- change Friday. Crude prices for April delivery scaled a high of $99.28 a barrel intraday on Friday and a low of $98.06.U.S. crude oil ended higher for a second straight ses- sion on Friday, amid uncertainty over the upcoming refer- endum in the Crimean region of Ukraine for a vote to break away and join Russia, which could impact oil supplies from Russia. Crude futures touched a yearly peak of near $105 a barrel early this month, but surrendered much of the gains with concerns over China growth and the possibility of a U.S. slowdown. COMMODITY MCX
DAILY REPORT 18th MARCH 2014 YOUR MINTVISORY Call us at +91-731-6642300 RECOMMENDATIONS GUARSEED BUY GUARSEED APR ABOVE 4855 TGTS 4885,4935 SL 4805 SELL GUARSEED APR BELOW 4810 TGTS 4780,4730 SL 4860 DHANIYA BUY DHANIYA APR ABOVE 9560 TGTS 9590,9640 SL 9410 SELL DHANIYA APR BELOW 9430 TGTS 9400,9350 SL 9480 NCDEX NCDEX INDICES Index Value % Change Castor Seed 4252 +0.47 Chana 3273 +1.11 Coriander 9485 +0.06 Cotton Seed Oilcake 1511 +0.53 Jeera 10125 -1.41 Maize– Feed/Industrial Grade 1232 +1.15 Mustard seed 3434 -0.38 Soy Bean 4255 -0.57 Turmeric 6814 0.35 NCDEX ROUNDUP Coriander (dhaniya) prices have reached an all-time high of Rs 13,000 a quintal due to heavy rain in crop- growing ar- eas. Due to hailstorms in major dhaniya producing areas, the quality of the crop has been impacted, which has also had an impact on arrivals. Soyameal exports fell 8% to 4.71 lakh tonnes in December 2013 due to lower arrivals, according to the industry data. Shipments of soyameal stood at 5.11 lakh tonnes (LT) in the same month a year ago, Soyabean Processors Association of India (SOPA) said in a statement. Soyameal is rich source of protein and used as animal feed. Sugar production in the current season is likely to drop 5% due to rainfall in recent months and a delay in crushing by the UP millers due to tiff over cane prices. Indian Sugar Mills Association (ISMA), the apex representative body of sugar industry, has revised the sugar production estimate to 23.8 million tonne from 25 million tonne for the October 2013- September 2014 season. Jaggery arrivals to Anakapalli here have been reducing sig- nificantly over the last three years. This year, due to bad weather conditions sugarcane productivity per acre reduced about 30 per cent in this region; the main reason for the drop in jaggery arrivals, according to KLN Rao, president, Anakapalli Jaggery Merchants Association.
DAILY REPORT 18th MARCH 2014 YOUR MINTVISORY Call us at +91-731-6642300 USD/INR SELL USD/INR BELOW 61.25 TGTS 61.12, 60.97 SL 61.53. BUY USD/INR ABOVE 61.72 TGTS 61.85, 62.00 SL 61.44. GBP/INR SELL GBP/INR BELOW 101.69 TGTS 101.55,101.40 SL 101.97. BUY GBP/INR ABOVE 102.43 TGTS 102.57,102.72 SL 102.15. CURRENCY ROUNDUP The Indian rupee recovered from one-week lows to end largely unchanged on Friday, as signs of continued strong foreign buying in the share and debt markets helped offset global concerns about military tensions in Ukraine and about China's economy. Despite the gains, the rupee was showing signs of waning momentum after a powerful rally that sent the currency to its strongest against the dollar since early August on Tuesday. For the week, the partially convertible currency fell 0.2 per- cent, snapping a two-week winning streak, despite data showing sharply easing consumer and wholesale inflation and a slight uptick in industrial output. Whether the rupee can regain that momentum will largely depend on foreign investors, who have been net buyers of more than $2 billion in shares over the previous 20 sessions and of $2.3 billion in bonds in March. The yen was headed for its biggest weekly gain in more than a month against the dollar. The euro fell as much as 0.5 per- cent against the yen in early U.S. trading before trimming losses to trade 0.25% lower at 140.88 yen. The dollar fell 0.5% to 101.36 yen. On the week, the dollar has lost 1.7%, which would be its biggest loss since late January. The dollar was mixed against the other major currencies on Friday, as concerns over events in Crimea continued to dampen market sentiment, while markets eyed the release of U.S. economic reports later in the day. The dollar was higher against the euro, with EUR/USD down 0.19% to 1.3887. Official data showed that euro zone consumer price inflation rose 0.3% last month, below expectations for a 0.4% increase, after a 1.1% decline in January. The dollar was higher against the yen and te Swiss franc, with USD/JPY up 0.47% to 101.82 and with USD/CHF rising 0.36% to 0.8753. The greenback was lower against the Aus- tralian, New Zealand and Canadian dollars, with AUD/USD gaining 0.51% to 0.9078, NZD/USD climbing 0.50% to 0.8577 and USD/CAD declining 0.45% to 1.1055. CURRENCY RBI Reference Rate Currency Rate Currency Rate Rupee- $ 61.5170 Yen-100 60.5700 Euro 85.2265 GBP 102.2166
DAILY REPORT 18th MARCH 2014 YOUR MINTVISORY Call us at +91-731-6642300 CALL REPORT PERFORMANCE UPDATES Date Commodity/ Currency Pairs Contract Strategy Entry Level Target Stop Loss Remark 14/03/14 MCX GOLD APR. BUY 30580 30660-30780 30450 BOOKED PROFIT 14/03/14 MCX GOLD APR. SELL 30410 30330-30210 30530 NOT EXECUTED 14/03/14 MCX SILVER MAY BUY 47050 47250-47550 46700 BOOKED FULL PROFIT 14/03/14 MCX SILVER MAY SELL 46600 46400-46050 46950 NOT EXECUTED 14/03/14 NCDEX GUARSEED APR.. BUY 4705 4735-4785 4655 NOT EXECUTED 14/03/14 NCDEX GUARSEED APR. SELL 4610 4580-4530 450 NOT EXECUTED 14/03/14 NCDEX DHANIYA APR. BUY 9570 9600-9650 9520 NOT EXECUTED 14/03/14 NCDEX DHANIYA APR. SELL 9485 9455-9405 9535 BOOKED PROFIT 14/03/14 USD/INR MAR. SELL 61.02 60.89-60.74 61.30 NOT EXECUTED 14/03/14 USD/INR MAR. BUY 61.44 61.57-61.71 61.16 NO PROFIT NI LOSS 14/03/14 EUR/INR MAR. SELL 84.88 84.75-84.60 85.16 NOT EXECUTED 14/03/14 EUR/INR MAR. BUY 85.60 85.73-85.88 85.32 NOT EXECUTED Date Scrip CASH/ FUTURE/ OPTION Strategy Entry Level Target Stop Loss Remark 14/03/14 NIFTY FUTURE SELL 6550- 6540 6500-6450 6595 CALL OPEN 14/03/14 PFC FUTURE BUY 172-175 179-182 168 CALL OPEN 14/03/14 DLF FUTURE SELL 170 165-160 175 BOOKED PROFIT 14/03/14 KOTAK BANK CASH BUY 760-765 775-785 750 NOT EXEUCTED 13/03/14 NIFTY FUTURE BUY 6500- 6520 6570-6590 6470 SL TRIGGERED 13/03/14 APOLLO HOSP CASH BUY 855-860 870-890 840 BOOKED PROFIT 11/03/14 OBEROI REALITY CASH BUY 210 220-235 200 CALL OPEN 10/02/14 KRBL CASH BUY 45-46 50-54 40 CALL OPEN
DAILY REPORT 18th MARCH 2014 YOUR MINTVISORY Call us at +91-731-6642300 NEXT WEEK'S U.S. ECONOMIC REPORTS ECONOMIC CALENDAR 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 invest- ment decision. The report does not provide individually tailor-made investment advice. Epic research recommends that investors independently evaluate particular invest- ments 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 ex- pressed 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. Disclaimer TIME (ET) REPORT PERIOD ACTUAL CONSENSUS FORECAST PREVIOUS MONDAY, MARCH 17 8:30 am Empire state index March 5.4 4.5 9:15 am Industrial production Feb. 0.2% -0.3% 9:15 am Capacity utilization Feb. -- 78.5% 10 am Home builders' index March 50 46 TUESDAY, MARCH 18 8:30 am Consumer price index Feb. 0.1% 0.1% 8:30 am Core CPI Feb. 0.1% 0.1% 8:30 am Housing starts Feb. 913,000 880,000 8:30 am Building permits Feb. -- 945,000 WEDNESDAY, MARCH 19 8:30 am Current account deficit 4Q -- -$95 bln 2 pm FOMC announcement $55 bln $65 bln 2:30 pm Yellen press conference THURSDAY, MARCH 20 8:30 am Weekly jobless claims 3-15 326,000 315,000 10 am Existing home sales Feb. 4.58 mln 4.62 mln 10 am Philly Fed March 4.3 -6.3 10 am Leading economic indicators Feb. 0.1% 0.3% FRIDAY ,MARCH 21 8:30 am Producer price index, final demand Feb. 0.2% 0.2%
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