Issuu on Google+

DAILY REPORT 19th NOVEMBER. 2013

Global markets at a glance World shares hit a near six-year high on Monday, boosted by signs of ambitious economic reform in China and after Janet Yellen, expected to be the next Federal Reserve chief, sounded in no rush to scale back stimulus. Germany's DAX equity market hit a record high on Monday as European shares resumed their rally on the back of an improving outlook for the region's economy. The panEuropean FTSEurofirst 300 index rose 0.4 percent to 1,302.68 points in mid-session trading, close to a 5-year high of 1,316.42 points reached earlier this month. The euro zone's blue-chip Euro STOXX 50 index rose 0.5 percent to 3,071.14 points while the DAX was up by 0.5 percent at 9,212.92 points, having earlier rallied to an all-time high of 9,220.70 points. Wall Street Update The S&P 500 and Nasdaq ended lower on Monday while the Dow failed to close above its milestone level of 16,000 as stocks sold off late in the session following Carl Icahn's cautious comments on the equities market. The DJI rose 14.32 pts, or 0.09%. The SPX slipped 6.65 pts, or 0.37%. IXIC slid 36.90 points, or 0.93 percent, to end at 3,949.07. Previous day Roundup Indian shares rose more than 2% on Monday, to mark biggest single-day gain in a month, tracking gains in other Asian markets, cheered by the prospect of extended stimulus in the US and real economic reform in China. institutional investors are heading towards their third straight month of buying in Indian cash shares. The Sensex records best single-day gain since Ocotober18, ends up 451.32 points or 2.21 percent at 20850.74. The Nifty closes up 132.85 points or 2.19 percent at 6189.00. About 1441 shares have advanced, 1069 shares declined, and 129 shares are unchanged. Index stats The Bankex and Bank Nifty both advanced 3.15% & 3.06% respectively. All the sectors advanced Capital Goods [up 283.65pts], Oil & Gas [up 196.58pts], Power [up 27.33pts], Realty [up 31.40pts], TECK [up 64.13pts], FMCG [up 162.58pts], AUTO [up 143.75pts], Metals [up 81.65pts], PSU [up 95.21pts], Consumer Durables [up 45.65pts] IT [up 114.69pts] and Healthcare [up 53.51pts].

YOUR MINTVISORY

World Indices Index

Value

% Change

15,976.02

+0.09

S&P 500

1,791.53

-0.37

NASDAQ EURO STO FTSE 100

3,946.07 3,081.30 6,723.46

-0.93 +0.88 +0.45

Nikkei 225 Hong Kong

15,052.52 23,776.35

-0.74 +0.49

DJl

Top Gainers Company

CMP

Change

% Chg

JP ASSOCIAT

48.45

3.05

+6.72

LT

980.00

40.45

+4.31

ITC

326.50

12.05

+3.83

HDFCBANK

666.30

24.30

+3.78

1,137.65

40.55

+3.70

CMP

Change

% Chg

187.90 270.60 131.80 863.60 2,027.00

2.95 3.85 0.55 3.45 7.80

-1.55 -1.40 -0.42 -0.40 -0.38

Prev. Close

Change

%Chg

AJANTA PHARMA

981.95

5.50

+0.56

BHARATFORG

304.95

5.35

+1.79

ESCORTS

122.50

6.80

+5.88

INFY

3,406.10

51.85

+1.55

MRF

16,999.00

475.00

+2.88

Prev. Close

Change

%Chg

28.10 76.55

-0.80 -2.30

-2.77 -2.92

CMP

Change

% Chg

6,189.00 20,850.74

132.85 451.32

+2.19 +2.21

AXISBANK

Top Losers Company

SSLT COALINDIA NMDC LUPIN BAJAJ-AUTO

Stocks at 52 Week’s high Symbol

Stocks at 52 Week’s Low Symbol

DHAMPURSUG JBFIND

Indian Indices Company NIFTY SENSEX

Call us at +91-731-6642300


DAILY REPORT 19th NOVEMBER. 2013

EQUITY CASH & FUTURE

STOCK RECOMMENDATIONS [FUTURE] 1. HDFC BANK

STOCK RECOMMENDATION [CASH] 1. BPCL

HDFC FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it continues to sustain above 822 We advise buying above 822 levels with strict stop loss of 800 for the targets of 840-860 levels.

BUY BPCL CASH ABOVE 354 TGT 359/364 SL 347

2. AXIS BANK

AXIS BANK FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it continues to sustain above 1145, We advise buying above1145 levels with strict stop loss of 1115 for the targets of 1165-1185 levels.

YOUR MINTVISORY

MACRO NEWS  Moody's maintains negative outlook on Indian banks.  Reserve Bank has designated 29 bank branches, including public and private banks to collect income tax payment in advance of the due date to avoid last minute rush towards March-end.  RBI extends Rs 5000 crore loan to Sidbi for lending to micro & small enterprises  government may have to shift part of the soaring oil subsidy bill of the current financial year to the next fiscal. The government had allocated Rs 65,000 crore for petroleum subsidies in 2013-14, of which Rs 45,000 crore has already been utilised to pay the oil marketing companies to meet their subsidy requirement of previous financial year. The government is now left with Rs 20,000 crore to meet the subsidy burden, arising out of under-recoveries of OMCs.  Coal Ministry may showcause 10 coal block holders, NMDC , Bhushan Steel and Prism Cement to be showcaused.  Ipca Labs to acquire 50 percent in Avik Pharma for Rs 6.5 crore

Call us at +91-731-6642300


DAILY REPORT FUTURE & OPTION

19th NOVEMBER. 2013

MOST ACTIVE PUT OPTION Symbol

Option Type

Strike Price

LTP

Traded Volume (Contracts)

Open Interest

NIFTY

PE

6,100

26.15

3,81,462

49,12,500

NIFTY

PE

6,000

11.80

3,05,563

59,94,750

NIFTY

PE

6,200

54.55

2,60,942

41,74,650

BANK NIFTY

PE

11,000 127.10

23,059

1,97,225

SBIN

PE

1,700

12.90

8,908

4,81,750

TATASTEEL

PE

380

5.90

2,050

10,37,000

RELIANCE

PE

860

6.40

1,791

2,88,000

AXISBANK

PE

1,100

14.40

2,127

2,20,500

Strike Price

LTP

Traded Volume (Contracts)

Open Interest

STOCKS IN NEWS ICICI hits overseas debt market with benchmark issue. NTPC scraps Rs 700-cr turbine order with Ansaldo. Dena Bank scales down credit growth target to 16% Adani to benefit from proposed royalty regime in Queensland ABG Shipyard's Rs 11,150-cr CDR proposal delayed NIFTY FUTURE

MOST ACTIVE CALL OPTION Symbol

Option Type

NIFTY

CE

6,200

80.30

4,81,178

43,36,900

NIFTY

CE

6,300

34.05

4,20,285

59,05,250

NIFTY

CE

6,400

10.65

2,25,315

57,26,750

BANKNIFTY

CE

11,500

94.00

25,459

2,93,225

SBIN

CE

1,800

30.00

12,245

7,98,125

RELIANCE

CE

880

14.10

3,612

5,49,500

AXISBANK

CE

1,150

26.30

3,115

3,01,000

MCDOWELL-N

CE

2,500

33.60

2,852

2,60,625

RELIANCE

CE

900

7.20

2,692

8,99.500

Nifty Future closed in the green in the last trading session. We advise buying around 6170-6150 with strict stop loss of 6080 for the targets of 6240-6310 levels.

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

82114

2502.99

71238

2189.85

469378

14440.40

313.14

INDEX OPTIONS

527609

16171.60

513036

15547.68

1686434

52056.40

623.92

STOCK FUTURES

59758

1685.76

54479

1510.74

1085658

29700.31

175.02

STOCK OPTIONS

44770

1193.84

45622

1203.67

71307

1903.66

-9.83

TOTAL

1102.25

INDICES NIFTY

S2

S1

PIVOT

R1

R2

6079.0

6134.0

6165.4

6220.4

6251.8

NIFTYJUNIOR

12120.68

12210.11

12261.08

12350.51

12401.48

BANK NIFTY

10892.69

11017.49

11087.04

11211.84

11281.39

YOUR MINTVISORY

Call us at +91-731-6642300


DAILY REPORT 19th NOVEMBER. 2013

COMMODITY MCX

RECOMMENDATIONS SILVER

COMMODITY ROUNDUP India gold futures continued to remain bearish on Monday tracking weak global cues and appreciation of Indian Rupee (INR) against US Dollar (USD). Comex gold was seen trading down, however, the prices were near $1300 per troy ounce supported by Janet Yellen statement that US economy still needs support from the Central Bank. Comex gold futures on electronic trading was seen trading with a loss of $2.4 at $1285 per troy ounce as of 15.48 IST on Monday. MCX gold for December delivery was seen trading with a loss of 0.17% at Rs.30280 per 10 grams as of 15.46 IST on Monday. MCX copper for November delivery was seen trading negative on Monday. MCX copper for November delivery was seen trading with a loss of 0.27% at Rs.30251 per 10 grams as of 16.02 IST while Comex copper for December delivery on electronic trading was seen trading at $ 3.169 per pound as of 16.16 IST on Monday.

TRADING STRATEGY: BUY SILVER MCX ABOVE 46700 TGTS 46950/47300 SL 46400 SELL SILVER MCX BELOW 45100 TGTS 44850/44600 SL 45400 GOLD

TRADING STRATEGY: BUY GOLD MCX ABOVE 30200 TGTS 30280/30380 SL 30100 SELL GOLD MCX BELOW 29950 TGTS 29880/29780 SL 30050

YOUR MINTVISORY

Silver prices fell by 0.36% to Rs 46,571 per kg in futures trade yesterday as speculators trimmed positions largely in tune with a weakening trend overseas as a rally in global stocks curbed demand for the precious metals. At the Multi Commodity Exchange, silver for delivery in December traded lower by Rs 170, or 0.36%, to Rs 46,571 per kg in a business turnover of 208 lots. Similarly, the white metal for delivery in March declined by Rs 164, or 0.34%, to Rs 47,892 per kg in business volume of 7 lots. In the international market, silver traded 0.4% lower at USD 20.71 an ounce in Singapore. A subdued trend in precious metals in the global markets as a rally in global stocks reduced demand for the metal as an alternative investment, mainly put pressure on the white metal prices at futures trade here. Lead prices edged lower by 0.49% to Rs 131.85 per kg in futures trade yesterday after speculators reduced their exposures amid a weak trend in the entire base metals overseas and subdued spot demand. At the Multi Commodity exchange, lead for delivery in December shed 65 paise, or 0.49%, to Rs 131.85 per kg in business turnover of 10 lots. Likewise, the metal for delivery in November declined by 55 paise, or 0.42%, to Rs 130.45 per kg in a turnover of 290 lots, besides subdued domestic demand from batterymakers, a weak trend in base metals at the London Metal Exchange mainly put pressure on the lead futures here.

Call us at +91-731-6642300


DAILY REPORT 19th NOVEMBER. 2013

NCDEX

RECOMMENDATIONS

NCDEX INDICES

CASTORSEED

Index

Value

% Change

Barley

1292

-0.04

Castor Seed

3855

-0.36

Chana

3058

-1.86

Chilli

7160

+3.71

Coriander

7094

+0.92

Cotton Seed Oilcake

1448

+0.14

12600

+3.64

3683

+0.82

708

-0.76

4992

+4.00

Jeera Mustard seed Ref Soya Oil Turmeric

NCDEX ROUNDUP SELL CASTORSEED JAN BELOW 4215 TG 4190,4150 SL 4255 BUY CASTORSEED JAN ABOVE 4280 TG 4305,4345 SL 4240 DHANIYA

Weak conditions prevailed on the wholesale Jaggery market yesterday as gur prices fell up to Rs 300 per quintal on reduced offtake by stockists and local parties against increased supplies from producing areas. Increased supplies from producing areas against reduced off-take by stockists and local parties mainly pulled down gur prices. At Delhi, gur chakku and pedi fell by Rs 200 each to Rs 2,600-2,800 and Rs 2,750-2,800 per quintal, respectively on poor offtake by local parties. Gur dhayya and shakkar followed suit and eased by Rs 200 and Rs 100 to Rs 2,800 -2,900 and Rs 3,000-3,100 per quintal, respectively. At Muzzafarnagar, gur chakku weakened to Rs 2,600-2,750 against last close of Rs 2,650-2,950 and ladoo lost Rs 100 at Rs 2,600-2,650 per quintal, respectively. Pedi and dhayya in Muradnagar, also fell to Rs 2,500-

SELL DHANIYA DEC BELOW 7290 TG 7260,7220 SL 7330 BUY DHANIYA DEC BELOW 7365 TG 7395,7435 SL 7325

YOUR MINTVISORY

2,550 and Rs 2,550-2,600 against last close of Rs 2,6502,700 and Rs 2,700-2,750 per quintal, respectively.

Call us at +91-731-6642300


DAILY REPORT 19th NOVEMBER. 2013

CURRENCY

RBI Reference Rate Currency

Rate Currency

Rupee- $

62.6250 Yen-100

Euro

84.5550 GBP

EUR/INR

EUR/INR has closed @84.5700. If it breaks the level of 84.45, it can touch the level of 84.28 & 84.03. If it sustains above the level of 85.30 it can touch the level of 85.50 & 85.71. GBP/INR

JPY/INR has closed @62.5650. If it breaks the level of 62.39, it can touch the level of 62.24 & 62.05. If it sustains above the level of 63.35 it can touch the level of 63.50 & 63.72. YOUR MINTVISORY

Rate

62.5900 101.0642

CURRENCY ROUNDUP The Indian rupee notched up its biggest single-day gain in nearly seven weeks on Monday, buoyed by hopes strong foreign fund flows would support local markets as global risk assets got a boost from China's ambitious economic reforms agenda and monetary stimulus in the United States looked set to continue. The rupee was helped by the gains in the euro and the reversal of NDF trades.. Despite Monday's gains, the rupee will continue to remain underpinned by domestic macroeconomic concerns as wholesale prices rose at their fastest pace in eight months while retail inflation hovered over double digits. The partially convertible rupee closed at 62.41/42 per dollar, compared with 63.11/12 on Thursday. It gained 1.1 percent, its biggest single-day gain since Oct. 3. It rose to 62.38 in session, its highest since Nov. 7. The rupee extended gains on bunched-up inflows. The Indian currency was trading at 62.67/69 versus Thursday's close of 63.11/12. USD/INR NDFs was trending lower, also helping the rupee spot. Foreign banks have been selling dollars, which is helping the Indian currency move up. The dollar traded mixed to lower against most major currencies on Monday amid ongoing sentiments the Federal Reserve will leave its ultra-loose monetary policies in place into early 2014, though upbeat comments from Bank of New York President William C. Dudley cushioned the greenback's losses. In U.S. trading on Monday, EUR/USD was up 0.07% at 1.3506. The Australian dollar traded flat on Tuesday ahead of minutes from the Reserve Bank of Australia's November board meeting expected to shed light on whether a slim easing bias remains intact. The dollar did come off earlier lows, however, after Federal Reserve Bank of New York President William C. Dudley said that the U.S. economy is improving.

Call us at +91-731-6642300


DAILY REPORT 19th NOVEMBER. 2013

CALL REPORT PERFORMANCE UPDATES

Date 18/11/13 18/11/13 18/11/13 18/11/13 18/11/13 18/11/13 18/11/13 18/11/13 18/11/13 18/11/13 18/11/13 18/11/13

Date 18/11/13 18/11/13 18/11/13 18/11/13 08/11/13

Commodity/ Currency Pairs MCX GOLD MCX GOLD MCX SILVER MCX SILVER NCDEX CASTOR SEED NCDEX CASTOR SEED NCDEX DHANIYA NCDEX DHANIYA USD/INR USD/INR GBP/INR GBP/INR

Scrip NIFTY TATAMOTORS YESBANK MONNET ISPAT INFO EDGE INDIA

Contract

Strategy

Entry Level

Target

Stop Loss

Remark

DEC DEC. DEC DEC JAN. JAN. DEC. DEC. NOV. NOV. NOV. NOV.

BUY SELL BUY SELL SELL BUY BUY SELL BUY SELL BUY SELL

30480 30220 47100 46520 4230 4310 7280 7220 63.75 63.00 101.90 101.00

30560-30660 30140-30040 47300-47500 46320-46120 4205-4165 4335-4375 7310-7350 7190-7150 63.89-64.05 62.86-62.68 102.10-102.30 100.82-100.65

30360 30320 46800 46820 4270 4270

NOT EXECUTED BOOKED FULL PROFIT NOT EXECUTED BOOKED FULL PROFIT BOOKED PROFIT NOT EXECUTED BOOKED FULL PROFIT SL TRIGGERED NOT EXECUTED BOOKED FULL PROFIT NOT EXECUTED BOOKED PROFIT

CASH/ FUTURE/ OPTION FUTURE FUTURE FUTURE CASH CASH

Strategy BUY BUY BUY BUY BUY

Entry Level

Target

6050-6070 391 355 150 420-430

7240 7260

Stop Loss

6100-6150 398-405 365-375 158-165 455-475

Remark

6030 383 345 142 400

BOOKED FULL PROFIT BOOKED PROFIT BOOKED PROFIT BOOKED FULL PROFIT CALL OPEN

US ECONOMIC REPORT TIME (ET)

REPORT

8:30 AM

EMPLOYMENT COST INDEX

2 PM

FEDERAL BUDGET

8:30 AM 8:30 AM 8:30 AM 8:30 AM 10 AM 10 AM 2 PM

RETAIL SALES RETAIL SALES EX-AUTOS CONSUMER PRICE INDEX CORE CPI BUSINESS INVENTORIES EXISTING HOME SALES FOMC MINUTES

8:30 AM 8:30 AM 9:15 AM 9:15 AM 10 AM

EMPIRE STATE INDEX IMPORT PRICE INDEX INDUSTRIAL PRODUCTION CAPACITY UTILIZATION WHOLESALE INVENTORIES

PERIOD ACTUAL TUESDAY, NOV. 19 3Q WEDNESDAY, NOV. 13 OCT. THURSDAY, NOV. 14 OCT. OCT. OCT. OCT. SEPT. OCT. FRIDAY, NOV. 15 NOV. OCT. OCT. OCT. SEPT.

CONSENSUSFORECAST

PREVIOUS

0.5%

0.5%

--

-$120 BLN 0.1% 0.2% 0.0% 0.2% 0.3% 5.23 MLN

-0.1% 0.4% 0.2% 0.1% 0.3% 5.29 MLN

3.8 -0.4% 0.1% 78.3% --

1.5 0.2% 0.6% 78.3% 0.5%

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 informat ion 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


Special report by epic research 19 november 2013