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Special report by epic research 27 november 2013
1. DAILY REPORT
27th NOVEMBER. 2013
Global markets at a glance
European shares lacked the momentum to extend a rally
to multi-year highs on Tuesday, a mixed outlook for corporate earnings underlined by downbeat signals. On Tuesday,
the food and beverage sector fared the worst, down 0.7
percent. The FTSEurofirst 300 index of top European
shares lost 0.6 percent to 1,294.03 points, in volumes that
were nearly 15 percent larger than the index's daily average volumes of the past 90 days. The euro zone's blue-chip
Euro STOXX 50 index fell 0.3 percent, to 3,062.62 points.
Asian share markets nudged into the red on Wednesday
following an uninspiring performance by Wall Street, while
a dip in the dollar against the yen prompted profit-taking
on Japanese stocks.
World Indices
Index
Value
% Change
16,072.80
0.00
S&P 500
1,802.75
+0.01
NASDAQ
EURO STO
FTSE 100
4,017.75
3,062.62
6,636.22
+0.58
-0.33
-0.87
Nikkei 225
Hong Kong
15,463.00
23,666.66
-0.34
-0.06
DJl
Top Gainers
Previous day Roundup
The Nifty broke out of intraday range on the lower side in
the last half an hour of trade and closed near 6,050 level as
institutional investors booked profit in banks, oil & gas and
FMCG space. The rally fuelled by Iran nuke deal came to a
grinding halt. The Sensex ends down 180.06 points at
20425.02, and the Nifty ends at 6059.10, down 56.25
points. Bank, oil and realty stocks lead the decline. About
1047 shares advanced, 1449 shares declined, and 137
shares were unchanged.
CMP
Change
% Chg
LUPIN
Wall Street Update
The Nasdaq composite index closed above 4,000 on Tuesday for the first time since 2000, while the Dow and S&P
ended barely changed. The Dow Jones industrial average
ended up 0.26 point to 16072.80. The Standard & Poor's
500 Index gained 0.27 point, or 0.01 percent, to 1,802.75.
The Nasdaq Composite Index rose 23.18 points, or 0.58
percent, to 4,017.75. The S&P 500 has risen nearly 27 percent this year, primarily bolstered by expectations the Federal Reserve's stimulus will continue at least until the end
of the year.
Company
867.00
16.40
+1.93
BHEL
147.00
2.70
+1.87
SSLT
177.00
2.45
+1.40
HINDUNILVR
587.95
6.95
+1.20
2,050.00
23.65
+1.17
CMP
Change
% Chg
324.00
608.50
126.40
1,045.40
322.80
23.40
24.55
4.55
29.20
8.30
-6.74
-3.88
-3.47
-2.72
-2.51
Prev. Close
Change
%Chg
APTECHT
73.40
1.05
-1.41
ARVINREM
55.25
0.80
-1.43
339.10
56.50
+19.99
4,340.00
137.35
+3.27
41.00
1.50
-3.53
Prev. Close
Change
%Chg
306.00
25.00
1.75
2.60
-0.57
-9.42
CMP
Change
% Chg
6,059.10
20,425.02
-56.25
-180.06
-0.92
-0.87
HEROMOTOCO
Top Losers
Company
BPCL
BAKBARODA
NMDC
ICICBANK
CAIRN
Stocks at 52 Week’s high
Symbol
DICIND
EICHERMOT
ICIL
Index stats
The Bankex and Bank Nifty both declined 1.52% & 1.57%
respectively. All the sectors declined Oil & Gas [down
105.09pts], Realty [down 12.29pts], TECK [down 25.11pts],
IT [down 24.26pts], FMCG [down pts], Metals [down
66.92pts, PSU [down 77.81pts], Consumer Durables [down
50.39pts], and Healthcare [down 73.51pts], except Capital
Goods [up pts], AUTO [up 59.77pts], ]Power [up 5.81pts]
which were moved slightly up.
Stocks at 52 Week’s Low
Symbol
BALMLAWRIE
EDELWIESS
Indian Indices
Company
NIFTY
SENSEX
YOUR MINTVISORY
Call us at +91-731-6642300
2. DAILY REPORT
27th NOVEMBER. 2013
EQUITY CASH & FUTURE
STOCK RECOMMENDATIONS [FUTURE]
1. YESBANK
YES BANK FUTURE is looking strong on charts, long build up
has been seen, we may see more upside, if it continues to
sustain above 362, We advise buying above 362 levels with
strict stop loss of 355 for the targets of 369-375 levels.
2. TATA MOTORS
TATA MOTOR FUTURE is looking strong on charts, long build
up has been seen, we may see more upside, if it continues
to sustain above 390, We advise buying around 388-390
levels with strict stop loss of 384 for the targets of 395-399
levels.
YOUR MINTVISORY
STOCK RECOMMENDATION [CASH]
1.TORRENT POWER
TORRENT POWER is looking strong on charts. We advice
buying above 123 levels with strict stop loss of 120 for the
targets of 126-129 levels.
MACRO NEWS
Petroleum Minister is confident of resolving the issue of
securing $135 million in bank guarantees from Reliance
Industries within a fortnight to enable the company to
charge higher gas price from April 1.
Aditya Birla Group aims to hike stake in group companies. The company may spend Rs 6,000 crore for stake
hike. It is looking to hike stake in Hindalco and Grasim
to 40-45 percent.
Infosys will focus on reducing costs by trimming the
number of senior employees and subcontractors
Indian GDP data release on Friday.
The govt may trim planned expenditure by over Rs
80,000 crore or about 15 percent of the budgeted
amount in the current fiscal.
India's stock market regulator issued draft rules yesterday to allow listed companies to make frequent debt
issuances after filing for a shelf prospectus.
Factor to watch today- India weekly t-bill sale.
RBI received no bids at its one-day reverse repo auction
through which it absorbs excess liquidity from the banking system. It had accepted all 62 bids for 404.55 billion
rupees at its one-day repo auction through which it injects liquidity into the banking system.
Call us at +91-731-6642300
3. DAILY REPORT
FUTURE & OPTION
27th NOVEMBER. 2013
MOST ACTIVE PUT OPTION
Symbol
Option
Type
Strike
Price
LTP
Traded
Volume
(Contracts)
Open
Interest
NIFTY
PE
6,100
54.95
7,47,707
39,04,650
NIFTY
PE
6,000
14.30
5,57,,068
69,91,350
NIFTY
PE
5,900
3.20
1,95,815
44,63,300
BANK NIFTY
PE
11,000 136.00
43,147
1,70,200
SBIN
PE
1,800
25.30
12,645
2,54,125
MCDOWELL-N
PE
2,500
14.35
8,240
3,24,375
INFY
PE
3,300
15.00
3,182
1,86,750
AXISBANK
PE
1,100
7.00
2,561
2,67,000
LTP
Traded
Volume
(Contracts)
STOCKS IN NEWS
Bharti Airtel is looking to raise up to $1 billion by selling bonds mainly to European investors.
Cairn, which is sitting on a cash pile of about USD 3
billion is buying 17.09 crore shares or 8.9 percent of
the total shareholding, from open market at no more
than Rs 335 a piece.
Coal India Limited has identified 126 new projects to
take up during the 12th Plan period with an estimated capacity of 438.04 mn tons.
Open
Interest
NIFTY FUTURE
MOST ACTIVE CALL OPTION
Symbol
Option
Type
Strike
Price
NIFTY
CE
6,400
NIFTY
CE
6,100
21.50
7,48,725
5,34,550
NIFTY
CE
6,200
3.30
4,99,680
70,68,100
NIFTY
CE
6,300
0.60
1,97,977
53,02,900
BANKNIFTY
CE
11,200
26.15
35,624
1,71,000
SBIN
CE
1,800
14.80
14,993
6,67,250
MCDOWELL-N
CE
2,600
42.00
12,119
4,25,125
BHEL
CE
150
1.40
4,894
24,68,000
RELIANCE
CE
860
2.00
6,154
9,34,500
Nifty Future closed in the red in the last trading session. We advise selling around 6110-6130 with strict
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
141352
4244.24
141881
4260.24
530316
15947.88
-16.00
INDEX OPTIONS
576792
17316.30
586868
17632.72
1846437
55760.13
-316.42
STOCK FUTURES
433057
11584.95
445854
12074.55
1205345
32680.23
-489.60
STOCK OPTIONS
53708
1522.55
52245
1480.70
79432
2159.06
41.85
TOTAL
-780.17
INDICES
NIFTY
S2
S1
PIVOT
R1
R2
6008.23
6033.66
6073.18
6098.61
6138.13
NIFTYJUNIOR
12029.68
12081.66
12155.23
12207.21
12280.78
BANK NIFTY
10738.58
10823.96
10978.68
11064.06
11218.78
YOUR MINTVISORY
Call us at +91-731-6642300
4. DAILY REPORT
27th NOVEMBER. 2013
COMMODITY MCX
RECOMMENDATIONS
SILVER
TRADING STRATEGY:
BUY SILVER ABOVE 45500 TGTS 45700/46000 SL 45150
SELL SILVER BELOW 44300 TGTS 44100/43900 SL 45650
GOLD
COMMODITY ROUNDUP
Snapping its two-day fall, gold prices yesterday soared by Rs
575 to Rs 31,625 per ten gram on fresh buying by stockists
at current lower levels for the ongoing marriage season
amid a firming global trend. Gold in Singapore, which normally sets price trend on the domestic front, rose by 0.6 per
cent to $1,258.30 an ounce. Silver prices also shot up by Rs
790 to Rs 45,790 per kg on increased off take by jeweler
fabricators and industrial units.
Oil rose ahead of a US supply report that might show an
improvement in demand. Benchmark US crude for January
delivery was up and trading around USD 94.5 a barrel. The
contract had fallen on Monday after a deal between Iran
and six world powers on the country's nuclear program
raised hopes that sanctions stifling Iran's oil exports would
soon be lifted. Brent futures held near $111 a barrel on
Tuesday as supply concerns crept back, with investors judging the historic deal between Iran and world powers would
not result in an immediate increase in shipments from the
OPEC member. The deal halts Iran's most sensitive nuclear
activity and suspends some sanctions by the West, but caps
exports from the country at the current level of about 1 million barrels per day (bpd). That means a fragile supplydemand balance as markets also cope with oil export losses
from Libya.
India crude oil futures rebounded form earlier losses on
short covering and tracking a slight up-tick on NYMEX crude
oil futures. However, appreciation of Indian Rupee against
US Dollar may have limited further gains in the commodity
futures to certain extent. Crude oil futures for December
delivery on India's Multi Commodity Exchange (MCX) was
seen trading with a gain of 0.49% at Rs.5923 per barrel as of
16.42 IST on Tuesday. NYMEX crude oil for January delivery
was seen trading with a gain of 23 cents at $94.32 per barrel as of 17.04 IST on Tuesday.
TRADING STRATEGY:
BUY GOLD ABOVE 30500 TGTS 30600/30750 SL 30350
SELL GOLD BELOW 30040 TGTS 29940/29850 SL 30230
YOUR MINTVISORY
India produced 22018.083 Thousand Metric Tons (TMT) of
crude oil in April-October period this year compared to
22283.565 TMT in the same period last year. In October, the
country produced 3179.405 TMT of crude oil, declined 0.8%
compared to the same month last year. MCX copper for
December delivery was seen trading with a gain of 0.11% at
Rs.444.50 per kilogram as of 16.48 IST on Tuesday.
Call us at +91-731-6642300
5. DAILY REPORT
27th NOVEMBER. 2013
NCDEX
RECOMMENDATIONS
CASTORSEED
NCDEX INDICES
Index
Value
% Change
Barley
1373
+0.04
Castor Seed
4341
+0.86
Chana
3064
-1.13
Chilli
7408
+0.82
Coriander
7572
+2.99
Cotton Seed Oilcake
1399
-1.20
12757.5
+0.75
3781
-0.29
722.35
-0.52
5294
+1.03
Jeera
Mustard seed
Ref Soya Oil
Turmeric
SELL CASTORSEED JAN BELOW 4280 TG 4250,4210 SL 4320
BUY CASTORSEED JAN ABOVE 4350 TG 4380,4390 SL 4310
DHANIYA
SELL DHANIYA DEC BELOW 7470 TG 7440,7400 SL 7510
BUY DHANIYA DEC ABOVE 7660 TG 7690,7730 SL 7620
YOUR MINTVISORY
NCDEX ROUNDUP
NCDEX, the leading agri commodities exchange, yesterday
re-launched its Crude Palm Oil (CPO) futures contract. This
contract is available for trading from yesterday, Tuesday,
November 26, 2013. The crude palm oil futures would complete the basket of oil and oilseeds futures on NCDEX platform. To begin with, the exchange has launched Dec-13, Jan
-14, Feb-14 & March-14 expiry contracts. During the early
trade, the market participants have shown positive response to the new development. There has been a significant gap between demand and supply of edible oil in India,
because of limited availability of oil seeds and shifting of
acreage to other crops in the domestic market.
Rice exports will likely fare better than expected, as demand for Thai rice should become more active next month,
says the Thai Rice Exporters Association. Thailand's highquality, 100% grade B (fob vessel, Bangkok) milled rice for
export was quoted at US$434 a tonne for the week ending
Nov 11, down by $30 from the week ending Sept 9 and the
lowest since January 2008.In contrast, price quotes from
Vietnam have increased since early September due mostly
to recent large sales to the Philippines and China.
Call us at +91-731-6642300
6. DAILY REPORT
27th NOVEMBER. 2013
CURRENCY
RBI Reference Rate
Currency
Rate Currency
Rupee- $
62.4470 Yen-100
Euro
84.5040 GBP
USD/INR
SELL USD/INR BELOW 62.25 TGTS 62.09, 61.95 SL 62.85.
BUY USD/INR ABOVE 62.91 TGTS 63.09, 63.25 SL 62.20.
EUR/INR
Rate
61.5100
100.8644
CURRENCY ROUNDUP
The rupee was looking up against the US dollar as it traded
at 62.44 compared to yesterday's close of 62.50. The dollar
wallowed at one-week lows against a basket of major currencies on Wednesday, undermined by lower Treasury
yields after a batch of data failed to sway markets one way
or the other over when the Federal Reserve will scale back
stimulus. U.S. Treasuries prices held onto gains on Tuesday
after the Treasury sold $35 billion in five-year notes to solid
demand, the second of three sales of $96 billion in new coupon-bearing debt this week.
The dollar weakened against most major currencies on
Tuesday after a widely-watched gauge of U.S. consumer
confidence disappointed investors and bolstered ongoing
expectations for the Federal Reserve to keep its dollarweakening monetary stimulus programs in place through
early 2014. Stimulus tools such as the Fed's USD85 billion in
monthly bond purchases aim to drive recovery by pushing
down long-term interest rates, weakening the dollar as long
as they remain in effect. In U.S. trading on Tuesday, EUR/
USD was up 0.39% at 1.3570.
The dollar was down against the yen, with USD/JPY down
0.37% at 101.30, and down against the Swiss franc, with
USD/CHF down 0.57% at 0.9066. The dollar was up against
its cousins in Canada, Australia and New Zealand, with USD/
CAD up 0.02% at 1.0546, AUD/USD down 0.33% at 0.9132
and NZD/USD trading down 0.04% at 0.8204.
SELL EUR/INR BELOW 84.15 TGTS 83.99, 83.82 SL 84.85
BUY EUR/INR ABOVE 85.00 TGTS 85.18, 85.32 SL 84.35
YOUR MINTVISORY
The dollar index, which tracks the performance of the
greenback versus a basket of six other major currencies,
was down 0.35% at 80.67. On Wednesday, the U.S. is to release data on durable goods orders, a report on manufacturing activity in the Chicago region and revised data on
consumer sentiment. The Labor Department is to release
the weekly report on initial jobless claims one day ahead of
schedule due to Thursday's Thanksgiving holiday.
Call us at +91-731-6642300
7. DAILY REPORT
27th NOVEMBER. 2013
CALL REPORT
PERFORMANCE UPDATES
Date
Commodity/ Currency
Pairs
Contract
Strategy
Entry Level
Target
Stop Loss
Remark
26/11/13
MCX GOLD
DEC
BUY
30500
30600-30750
30350
NOT EXECUTED
26/11/13
MCX GOLD
DEC.
SELL
30150
30050-29950
30330
BOOKED PROFIT
26/11/13
MCX SILVER
DEC
BUY
45500
45700-46000
45150
NOT EXECUTED
26/11/13
MCX SILVER
DEC
SELL
44800
44600-44300
45150
BOOKED FULL PROFIT
26/11/13
NCDEX CASTOR SEED
JAN.
SELL
4280
4250-4210
4320
NOT EXECUTED
26/11/13
NCDEX CASTOR SEED
JAN.
BUY
4390
4420-4460
4350
NOT EXECUTED
26/11/13
NCDEX DHANIYA
DEC.
BUY
7365
7395-7435
7325
BOOKED FULL PROFIT
26/11/13
NCDEX DHANIYA
DEC.
SELL
7290
7260-7220
7330
NOT EXECUTED
26/11/13
USD/INR
NOV.
SELL
62.28
62.16-61.96
62.95
CLOSED AT LOSS
26/11/13
USD/INR
NOV.
BUY
63.20
63.37-63.58
62.60
NOT EXECUTED
26/11/13
JPY/INR
NOV.
BUY
62.30
62.48-62.69
61.65
NOT EXECUTED
26/11/13
JPY/INR
NOV.
SELL
61.30
61.15-61.00
61.95
NOT EXECUTED
Date
Scrip
CASH/
FUTURE/
OPTION
Strategy
Entry Level
26/11/13
NIFTY
FUTURE
BUY
26/11/13
INDUSINDBK
FUTURE
BUY
26/11/13
LT
FUTURE
BUY
26/11/13
ESS DEE
CASH
BUY
Target
535
6060-6080
Stop Loss
Remark
6125-6150
6020
CALL OPEN
425
435-445
415
SL TRIGGERED
1000-1005
1015-1025
990
BOOKED PROFIT
545-560
525
NOT EXECUTED
US ECONOMIC REPORT
TIME (ET)
REPORT
PERIOD
ACTUAL
CONSENSUSFORECAST
PREVIOUS
8:30 AM
WEEKLY JOBLESS CLAIMS
11/23
N/A
N/A
8:30 AM
DURABLE GOODS ORDERS
OCT.
-1.8%
3.8%
9:45 AM
CHICAGO PMI
NOV.
63.0
65.9
10 AM
UMICH CONSUMER SENTIMENT INDEX
NOV.
73.0
72.0
10 AM
LEADING ECONOMIC INDICATORS
OCT.
--
0.7%
WEDNESDAY, NOV. 27
THURSDAY, NOV. 28
THANKSGIVING DAY
NONE SCHEDULED
FRIDAY, NOV. 29
NONE SCHEDULED
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