Published on March 7, 2014
DAILY REPORT 07th MARCH 2014 Global markets at a glance World shares rose on Thursday, supported by diplomatic efforts to cool the crisis in Ukraine, while the euro held steady on speculation the European Central Bank would ease monetary policy later in the day. The ECB was expected to keep interest rates on hold but loosen lending conditions to ward off the threat of excessively low inflation and support the euro zone's fragile economic recovery. European shares rose, following gains in Asia. European stocks rose, with the FTSEurofirst 300 index .FTEU3 up 0.43 percent. MSCI's world equity index .MIWD00000PUS, which tracks shares in 45 countries, was up 0.3 percent and its emerging market index .MSCIEF was up 0.8 percent. Asia-Pacific shares outside Japan .MIAPJ0000PUS rose 0.8 percent. Wall Street Update US stocks mostly rose on Thursday, with the S&P 500 closing at yet another record on better-than-expected jobless claims data and the European Central Bank's move to keep rates unchanged. But the overall sentiment was cautious ahead of Friday's all-important US nonfarm payrolls report and tensions between Ukraine and Russia. The Dow Jones industrial average rose 61.71 points or 0.38 percent, to end at 16,421.89. The S&P 500 gained 3.22 points or 0.17 percent, to finish at 1,877.03. The Nasdaq Composite dropped 5.84 points or 0.13 percent, to close at 4,352.12. Previous day Roundup the Indian market made two records today. The Sensex hit a fresh intraday high of 21,525; and ended the day at alltime closing high of 21,513.87; up 237.01 points, or 1.11%. The Nifty closed the day at 6,401.15, up 72.50 points, or 1.15%. Hefty buying in banks, oil & gas, capital goods and metals stocks helped the equity benchmarks end at alltime closing high on Thursday. The 30-share BSE Sensex closed at 21513.87, up 237.01 points or 1.11 percent after hitting an intraday high of 21525.14 while the 50-share NSE Nifty climbed 72.50 points or 1.15 percent to 6401.15. Index stats The Market was very volatile in yesterday’s session. The sartorial indices performed as follow Consumer Durables [up 90.12pts], Capital Good [up 191.65pts], PSU [up 119.48pts], FMCG [up pts], Realty [up 50.70Pts], Power [up 37.83pts], Auto [up 105.55pts], Healthcare [down 28.55pts], IT [up 24.66pts], Metals [up 200.86pts], TECK [up 24.92pts], Oil& Gas [up 190.91pts]. YOUR MINTVISORY World Indices Index Value % Change 16421.89 +0.38 S&P 500 1877.03 +0.17 NASDAQ EURO STO FTSE 100 4352.13 3144.53 6788.49 -0.13 +0.27 +0.19 Nikkei 225 Hong Kong 15220.05 22719.79 +0.56 +0.07 DJl Top Gainers Company CMP Change % Chg JPASSOCIAT 43.45 3.40 +8.49 DLF 152.10 7.35 +5.08 HINDALCO 120.75 5.00 +4.32 BPCL 404 16.55 +4.27 BHEL 173.55 6.33 +3.92 CMP Change % Chg CIPLA 380.45 5.05 -1.31 WIPRO 584.60 5.90 -1.00 LUPIN 981.70 7.15 -0.72 TATAMOTORS 406.65 2.95 -0.72 Prev. Close Change %Chg ADANIPORTS 178.30 1.40 +0.79 BAJFINANCE 1610.00 52.40 +3.36 BATAINDIA 1071.90 -0.10 -0.01 COX&KINGS 155.80 7.45 +5.02 Prev. Close Change %Chg CMP Change % Chg 6401.15 +72.50 +1.15 21,513.87 +237.01 +1.11 Top Losers Company Stocks at 52 Week’s high Symbol Stocks at 52 Week’s Low Symbol -- Indian Indices Company NIFTY SENSEX Call us at +91-731-6642300
DAILY REPORT 07th MARCH 2014 EQUITY CASH & FUTURE STOCK RECOMMENDATIONS [FUTURE] 1. HAVELLS STOCK RECOMMENDATION [CASH] 1. TTK HEALTH 2. HAVELLS FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sustains above 800 levels. We advise buying around 800-810 levels with strict stop loss 790 for the targets of 825-840 levels. TTK HEALTH is looking strong on charts. We advise buying around 520-525 levels with strict stop loss of 500 for the targets of 545-550 levels. 2. DLF MACRO NEWS Foreign institutional investors bought shares worth Rs 737.29 cr. while domestic institutional investors were net sellers worth Rs 201.85 crore on Wednesday. The Finance Ministry believes a foreign-board decision on whether the FII limit in HDFC Bank can be hiked is unlikely to violate the model code of electoral conduct but it is still seeking a view from the Law Ministry. The fall in CAD was primarily on account of decline in trade deficit as merchandise exports picked & imports moderated, particularly gold imports. This was also lower than USD 5.2bn (1.2% of GDP) in Q2 of 2013-14. Govt is likely to order oil refineries, including private sector Reliance Industries and Essar Oil, to maintain a minimum level of LPG production to ensure uninterrupted supply of cooking gas to the public. According to the latest data from SEBI, firms had garnered Rs 20,782 crore through private placement of bonds in January as against Rs 20,171 crore in February. The funds were garnered primarily for business expansion and to meet capital requirements. Indian Foreign Reserves, Deposit Growth , Bank Loan Growth data will be announced today. DLF FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sustains above 150 levels. We advise buying around 148-150 levels with strict stop loss 145 for the targets of 155-158 levels. YOUR MINTVISORY Call us at +91-731-6642300
DAILY REPORT FUTURE & OPTION 07th MARCH 2014 STOCKS IN NEWS ONGC, Oil India to buy 5% stake each in IOC at Rs 220/ share. Sun Pharma seeks to enter Japan generics mkt. Genpact intends to finance the share repurchase from available cash and cash equivalents and borrowings under its existing credit facility. Bharti Group in talks with Carrefour, Aeon to form retail joint venture. Granules India nurses itself back to health on better utilisation of plants. MOST ACTIVE PUT OPTION Symbol Option Type Strike Price LTP Traded Volume (Contracts ) Open Interest NIFTY PE 6,300 34.05 3,57,991 62,22,850 NIFTY PE 6,200 18.35 3,02,531 75,87,950 NIFTY PE 6,400 62.45 2,37,121 32,55,650 BANKNIFTY PE 11,000 99.5 25,475 2,24,300 SBIN PE 1,550 28.15 4,039 2,08,625 ICICIBANK PE 1,100 16.5 2,682 2,61,500 NIFTY FUTURE TATASTEEL PE 350 5 RELIANCE PE 820 11.45 2,229 13,92,000 2,037 3,21,250 Traded Volume (Contracts) Open Interest MOST ACTIVE CALL OPTION Symbol Option Type Strike Price LTP NIFTY CE 6,400 90.5 4,07,332 55,56,850 NIFTY CE 6,500 42.35 3,54,697 49,27,400 NIFTY CE 6,600 15.95 1,81,758 29,32,050 BANKNIFTY CE 11,500 118 35,511 3,58,875 SBIN CE 1,600 23 10,719 9,47,625 RELIANCE CE 820 19 5,210 7,18,500 ICICIBANK CE 1,150 22 4,189 JPASSOCIAT CE 45 1.3 Nifty Future closed in the green in the last trading ses6,88,750 sion. We advise buying around 6380-6400 levels with 4,053 73,52,000 strict stop loss of 6350 for the targets of 6440-6480. 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 82922 2611.03 52207 1649.70 342736 10853.47 961.33 INDEX OPTIONS 469291 14538.65 429020 13200.58 1305475 41547.35 1338.07 STOCK FUTURES 87871 2800.31 75957 2453.90 1027050 32250.31 346.41 STOCK OPTIONS 43815 1305.11 44553 1322.44 48642 1464.71 -17.33 TOTAL 2628.48 INDICES NIFTY S2 S1 PIVOT R1 R2 6315.58 6358.36 6382.48 6425.26 6449.38 NIFTYJUNIOR 12338.56 12419.43 12473.36 12554.23 12608.16 BANK NIFTY 11046.98 11162.66 11232.93 11348.61 11418.88 YOUR MINTVISORY Call us at +91-731-6642300
DAILY REPORT 07th MARCH 2014 COMMODITY MCX RECOMMENDATIONS SILVER TRADING STRATEGY: BUY SILVER(MAY) ABOVE 47500 TGTS 47700/48000 SL 47140 SELL SILVER(MAY) BELOW 46900 TGTS 46700/46400 SL 47250 GOLD TRADING STRATEGY: BUY GOLD(APR) ABOVE 30270 TGTS 30350/30450 SL 30150 SELL GOLD(APR) BELOW 30120 TGTS 30040/29940 SL 30240 YOUR MINTVISORY COMMODITY ROUNDUP Gold traded down for third day as investors shifted to equities on easing Ukraine crisis, meanwhile investors were looking for the policy decision by BOE, ECB and US Job data European Union leaders are meeting in Brussels for a summit Thursday to discuss the Ukraine crisis and potential action the EU can take against Russia over its military actions in Crimea. Asian indices ended mostly higher on Thursday and European stocks were higher, as investors looked ahead to the release of upcoming U.S. economic data and a policy meeting by the European Central Bank. The COMEX gold April delivery quotes at $1,335.30, down $5 a troy ounce and May Silver quotes at $21.163 an ounce, down $0.108. Local Gold futures fell for third day tracking the weak global cues amid strong Indian rupee against greenback. Indian rupee appreciated to nearly two months high against the US dollar with the counter quotes at Rs 61.24, 0.86% appreciated over last close. MCX Gold April quotes at Rs 29,997, down Rs 165 per 10 grams. Silver May contract remained weak for third day with the counter quotes at Rs 46,675, down Rs 376 per 1 kg. Copper prices edged lower on Thursday, as investors remained cautious ahead of the release of upcoming U.S. economic data and a policy meeting by the European Central Bank. On the Comex division of the New York Mercantile Exchange, copper futures for May delivery held in a range between $3.194 a pound and $3.208 a pound. In domestic markets, Copper prices were in red trading below all crucial Rs 438 mark. When last checked the prices were trading at Rs 436.3 per kg, down 0.6%. Taking weak cues from global markets, aluminium prices fell 0.37% to trade lower at Rs 107 per kg in futures trading yesterday as speculators offloaded their positions. Further, sluggish demand in the domestic spot markets also weighed on the metal prices. At the Multi Commodity Exchange, aluminium for delivery in March declined by 40 paise, or 0.37%, to Rs 107 per kg in business turnover of 291 lots. Metal for delivery in April too fell by a similar margin to Rs 108.45 per kg in a business turnover of 14 lots. The weakness in aluminium at futures trade was mostly in tandem with a downtrend in base metals at the London Metal Exchange and subdued spot demand. Call us at +91-731-6642300
DAILY REPORT 07th MARCH 2014 NCDEX RECOMMENDATIONS GUARSEED NCDEX INDICES Index Value % Change Castor Seed 4367 +0.88 Chana 3242 +0.68 Coriander 9560 +1.16 Cotton Seed Oilcake 1544 -0.71 11270 -0.49 Maize– Feed/Industrial Grade 1243 +0.73 Mustard seed 3559 -0.28 Soy Bean 4208.5 -0.48 Turmeric 7078 -0.39 Jeera BUY GUARSEED ABOVE 4790 TGTS 4820,4870 SL 4740 SELL GUARSEED BELOW 4705 TGTS 4675,4625 SL 4755 DHANIYA NCDEX ROUNDUP Country's sugar production for the marketing year 2013-14 has been revised downwards by 1.2 million tonnes to 23.8 million tonnes due to lower output estimates in Uttar Pradesh, industry body ISMA said yesterday. The production was projected at 25 million tonnes for the marketing year 2013-14 (Oct-Sep) in September last year. India’s coffee production for 2013-14 has declined far below the post monsoon estimates of the Coffee Board, thereby reducing the hopes of exporters to make good of the high prices ruling in the international market. The Coffee Board, which had projected a record production of 347,000 tonnes for the year in its post-blossom estimates, scaled it down to 311,000 tonnes for the year following a severe damage on the crop due to heavy monsoon rains between July and September 2013. BUY DHANIYA ABOVE 9585 TGTS 9615,9665 SL 9535 SELL DHANIYA BELOW 9505 TGTS 9475,9425 SL 9555 YOUR MINTVISORY Refined soya oil prices fell 0.71% to Rs 730.75 per 10 kg in futures trading yesterday as speculators reduced holdings due to subdued demand in the spot market against adequate stocks position. At the NCDEX, refined soya oil for delivery in March declined by Rs 5.20, or 0.71% to Rs 730.75 per 10 kg with an open interest of 49,340 lots. Similarly, the oil for delivery in April traded lower by Rs 4.55, or 0.62% to Rs 730.50 per 10 kg in 104790 lots. Analysts said attributed the fall in refined soya oil futures to sluggish demand in the spot market against adequate stocks position. Call us at +91-731-6642300
DAILY REPORT 07th MARCH 2014 CURRENCY RBI Reference Rate Currency Rate Currency Rupee- $ 62.3242 Yen-100 Euro 84.1866 GBP EUR/INR Rate 59.7400 102.5402 CURRENCY ROUNDUP The rupee too has seen strong appreciation of 57 paisa intraday due to steep fall in current account deficit (CAD) in the quarter ended December 2013. The Rupee was close to an almost three-month high against the US Dollar as the local session progressed on Thursday. Recent figures compiled by the Reserve Bank of India showed that the nation’s current account deficit came in at a four-year low of 4.2 billion Dollars in the three months through December, down from 5.2 billion Dollars in the third quarter. The narrowing was largely the result of the government’s decision to increase gold import tax repeatedly in 2013 to compensate for Rupee weakness. However, while the data gave the Rupee a boost, some industry experts are concerned. SELL EUR/INR BELOW 84.27 TGTS 84.13, 83.98 SL 84.57. BUY EUR/INR ABOVE 84.74 TGTS 84.88, 85.03 SL 84.44. GBP/INR The euro rose to its highest level this year against the dollar on Thursday after ECB President refrained from tightening monetary policy, but reiterated that the central bank is ready to act if necessary. EUR/USD hit 1.3855, the highest level since December 27 and was last up 0.77% to 1.3838. The session low and resistance at 1.3890. The euro was boosted after Mario Draghi confirmed that the bank left its benchmark interest rate unchanged at 0.5%, with the latest economic data indicating that 'the moderate economic recovery in the euro zone is proceeding.' Jamal Mecklai of Mecklai Financial feels that it is hard to see the Indian currency strengthening significantly from hereon courtesy macro problems and weak fundamentals of the Indian economy. However, the rupee has reached a technically strong support level of 61.10/USD, and if it manages to break this level it may see some strengthening. He suggests buying dollars as of now. SELL GBP/INR BELOW 102.49 TGT 102.35,102.20 SL 102.78. BUY GBP/INR ABOVE 103.20 TGS 103.34,103.49 SL 102.90. YOUR MINTVISORY The Australian dollar weakened slightly in early trade on Friday after Reserve Bank Governor Glenn Stevens said the exchange rate is "high by historical standards" after reaching $0.9113 overnight on solid retail sales and trade data on Thursday, the highest level traded since Dec. 11 2013. Call us at +91-731-6642300
DAILY REPORT 07th MARCH 2014 CALL REPORT PERFORMANCE UPDATES Date Commodity/ Currency Pairs Contract Strategy Entry Level Target Stop Loss Remark 06/03/14 MCX GOLD APR. BUY 30320 30400-30500 30190 NOT EXECUTED 06/03/14 MCX GOLD APR. SELL 30050 29970-29870 30170 BOOKED PROFIT 06/03/14 MCX SILVER MAY BUY 47500 47700-48000 47140 NOT EXECUTED 06/03/14 MCX SILVER MAY SELL 46850 46650-46350 47150 BOOKED PROFIT 06/03/14 NCDEX GUARGUM MAR. BUY 13000 13050-13130 12910 NOT EXECUTED 06/03/14 NCDEX GUARGUM MAR. SELL 12700 12650-12570 12790 NOT EXECUTED 06/03/14 NCDEX DHANIYA APR. BUY 9440 9470-9520 9390 BOOKED FULL PROFIT 06/03/14 NCDEX DHANIYA APR. SELL 9350 9320-9170 9400 BOOKED PROFIT 06/03/14 USD/INR MAR. SELL 62.12 61.99-61.85 62.40 NOT EXECUTED 06/03/14 USD/INR MAR. BUY 62.53 62.66-62.80 62.25 NOT EXECUTED 06/03/14 EUR/INR MAR. SELL 85.88 84.75-84.60 85.18 NOT EXECUTED 06/03/14 EUR/INR MAR. BUY 85.45 85.58-85.73 85.15 NOT EXECUTED CASH/ FUTURE/ OPTION Strategy Date Scrip Entry Level Target Stop Loss Remark 06/03/14 NIFTY FUTURE BUY 6300-6320 6350-6390 6260 NOT EXECUTED 06/03/14 BANK OF BARODA FUTURE BUY 610-615 625-650 595 CALL OPEN 06/03/14 CANARA BANK FUTURE BUY 228-232 238-245 218 CALL OPEN 06/03/14 HONDA SIEL POWER CASH BUY 520 560-600-650 450 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 BOOKED PROFIT 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 07th 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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