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DAILY REPORT
31st JANUARY. 2014

Global markets at a glance
S&P 500 e-mini futures climbed about 0.2 percent, after
the S&P 500 .SPX, the Dow Jones industrial average .DJI
and the Nasdaq Composite .IXIC all ended with solid gains
on Thursday .But MSCI's broadest index of Asia-Pacific
shares outside Japan .MIAPJ0000PUS was wavering between positive and negative territory. Japan's Nikkei stock
average .N225 outperformed the region, adding 0.5 percent after economic data suggested the government and
Bank of Japan are making progress toward their goal of
sparking sustainable growth and defeating deflation.

World Indices
Index

Value

% Change

15848.61

+0.70

S&P 500

1794.19

+1.13

NASDAQ
EURO STO
FTSE 100

4123.13
3027.30
6538.45

+1.77
+0.53
-0.09

Nikkei 225
Hong Kong

15029.36
22035.42

+0.15
-1.14

DJl

Top Gainers
Wall Street Update
Wall Street rallied on Thursday after solid U.S. economic
growth data coupled with better-than-expected earnings
sparked demand for equities. At the close of U.S. trading,
the Dow Jones Industrial Average rose 0.70%, the S&P 500
index rose 1.13%, while the Nasdaq Composite index rose
1.77%. Solid earnings from social networking icon Facebook and credit-card company Visa, among others, sent
broader indices gaining on Thursday as did reports that
Google is selling its Motorola mobile phone unit to Lenovo
for USD2.91 billion
Previous day Roundup
Reeling under US Federal Reserve's tapering measures, the
market closed on a feeble note after struggling with the
bears. The Nifty ended the January series at 6073.70,
down 46.55 points. The Sensex closed down 149.05 points
at 20498.25. Banking, metals and realty stocks were
smashed on Dalal Street. SBI , Hero Motocorp, Sesa Sterlite, Hindalco and Tata Steel were major laggards in the
Sensex.
Index stats
The Market was down in yesterday session where Bankex
and Bank Nifty both closed almost flat (down-2.67and
down-2.73 respectively). Among the sartorial indices the
sectors which were up are;],Auto [ up 31.27 pts], Durables
[up 94.12 pts] the index down were Capital Good [down68.79 pts], Healthcare [down –17.16pts], PSU [down –
80.36 pts], TECK [ down-9.42 pts] , IT [ down –13.13 pts ]
Consumer FMCG [down-60.81pts] Metals [down —233.30
pts], Realty [down -Pts], Realty [down -Pts], Oil& Gas
[down –91.01pts].power [down –5.02 pts].

Company

CMP

Change

% Chg

TATAMOTORS

363.20

11.45

3.26

BHARTIARTL

308.60

6.70

2.22

GAIL

351.00

5.00

1.45

1440.00

17.70

1.24

871.10

9.15

1.06

CMP

Change

% Chg

517.25
532.35
135.25
1518.05
2002.00

-23.20
-23.45
-5.85
-55.60
-69.50

-4.29
-4.22
-4.15
-3.53
-3.36

Prev. Close

Change

%Chg

ALPHAGEO

90.50

2.75

3.04

AUROPHARMA

438.85

15.70

3.58

1215.50

0.50

0.04

93.75

-0.05

-0.05

Prev. Close

Change

%Chg

941.90
55.70

-13.90
-1.20

-1.48
-2.15

CMP

Change

% Chg

6073.70
20498.25

-46.55
-149.05

0.76
-0.72

HCLTECH
M&M

Top Losers
Company

PNB
BANKBARODA
DLF
SBIN
HEROMOTOCO

Stocks at 52 Week’s high
Symbol

ECLERX
PHOENIXLL

Stocks at 52 Week’s Low
Symbol

BEL
ESSARPORTS

Indian Indices
Company
NIFTY
SENSEX

YOUR MINTVISORY

Call us at +91-731-6642300
DAILY REPORT
31st JANUARY. 2014

EQUITY CASH & FUTURE

STOCK RECOMMENDATIONS [FUTURE]
1.HCL TECH FUTURE

STOCK RECOMMENDATION [CASH]
.
1.EXCEL CROP CARE

HCL TECH FUTURE is looking strong on charts, long build up
has been seen, we may see more upside, if it sustains above
1450 levels. We advise buying around 1440-1450 levels
with strict stop loss 1420 for the targets of 1470-1490 levels

EXCEL CROP CARE is looking strong on charts. We advice
buying above 442 levels with strict stop loss of 425 for the
targets of 452-465 levels.
MACRO NEWS

2.VOLTAS FUTURE




YOUR MINTVISORY

India has overtaken Japan as the world's third-biggest
crude oil importer in 2013, data showed on Thursday.
India imported 3.86 million barrels-per-day of crude oil
last year, tanker arrival data compiled by Reuters from
trade sources showed on Thursday. India's imports were nearly 6 percent higher than Japan's customs-cleared
imports of 3,648,372 bpd (211,716,710 kilolitres).



VOLTAS FUTURE is looking strong on charts, long build up
has been seen, we may see more upside, if it sustains above
105 levels. We advise buying around 105-106 levels with
strict stop loss 103 for the targets of 109-112 levels.

The Cabinet yesterday hiked the subsidised LPG cylinder cap from nine to 12 cylinders. The move comes after All India Congress Committee vice president Rahul
Gandhi pitched strongly for the hike while addressing
the AICC meet earlier this month,

Food Ministry has proposed cash incentive of Rs 2,000
per tonne for the beleaguered sugar industry for exporting 4 million tonne raw sugar. The total subsidy outgo
has been pegged at Rs 800 crore spread over two years
to be adjusted from the Sugar Development Fund
(SDF).

Call us at +91-731-6642300
DAILY REPORT
FUTURE & OPTION

31st JANUARY. 2014

STOCKS IN NEWS
 Sun Pharma receives US FDA nod for Desvenlafaxine
oral tablets
 Titan's Q3 net profit fell 18% to Rs 166 Crore Versus
Rs 204 Crore (YoY)
 SJVN signs MoU with government for 4000MW solar
project in Rajasthan
 VIP Industries' Q3 net profit jumped to Rs 10.1 Crore
Versus Rs 3.5 Crore
NIFTY FUTURE

MOST ACTIVE PUT OPTION
Symbol

Option
Type

Strike
Price

LTP

NIFTY

PE

6,000

0.05

10,33,573 69,67,900

NIFTY

PE

6,050

0.05

7,50,497 46,60,500

BANKNIFTY

PE

10,100

0.05

1,03,680

2,61,525

BANKNIFTY

PE

10,200

43

86,704

51,100

SBIN

PE

1,550

33

5,346

57,750

MCDOWELLN

PE

2,500

55

3,931

70,375

MCDOWELLN

PE

2,400

0.05

3,224

85,625

MOST ACTIVE PE OPTION 0.05
CALL 1,100
AXISBANK

3,159

3,81,750

Symbol

Traded
Volume
(Contracts)

Open
Interest

Option
Type

Strike
Price

LTP

Traded
Volume
(Contracts)

Open
Interest

NIFTY

CE

6,100

0.05

NIFTY

CE

6,050

24.8

8,69,007

3,27,550

BANKNIFTY

CE

10,300

0.1

82,421

3,38,450

BANKNIFTY

CE

10,200

0.05

80,842

3,82,225

INFY

CE

3,700

3.5

9,487

2,44,875

SBIN

CE

1,550

0.05

7,248

MCDOWELLN

CE

2,500

0.05

5,262

Nifty Future closed in the red in the last trading session.
2,11,625 We advice selling around 6150-6140 levels with strict
stop loss of 6180 for the targets of 6110-6080 levels.
1,15,125

SBIN
CE
1,600
FII DERIVATIVES STATISTICS

0.05

4,872

5,34,875

12,85,344 65,89,000

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

132073

3963.92

162492

4852.89

378379

11356.18

-888.97

INDEX OPTIONS

618000

18258.96

532450

15779.03

978254

29650.92

2479.94

STOCK FUTURES

236676

7048.32

237175

6929.78

984353

29087.95

118.54

STOCK OPTIONS

18091

557.51

18086

564.26

3582

109.98

-6.75

TOTAL

1702.75

INDICES
NIFTY

S2

S1

PIVOT

R1

R2

6005.66

6039.68

6061.26

6095.28

6116.86

NIFTYJUNIOR

11613.85

11671.75

11762.15

11820.05

11910.45

BANK NIFTY

9976.48

10064.81

10189.53

10277.86

10402.58

YOUR MINTVISORY

Call us at +91-731-6642300
DAILY REPORT
31st JANUARY. 2014

COMMODITY MCX

RECOMMENDATIONS
SILVER

TRADING STRATEGY:
BUY SILVER ABOVE 43550 TGTS 43750/44050 SL 43150
SELL SILVER BELOW 43050 TGTS 42850/42550 SL 43400
GOLD

COMMODITY ROUNDUP
Gold fell more than 2 per cent on Thursday as robust US
growth data and news of a $10 billion cut to the Federal
Reserve's monetary stimulus programme boosted the dollar, prompting traders to cash in gains in the metal. The dollar index, measuring the greenback's performance against a
basket of currencies, rose 0.6 per cent in European early
afternoon trade, also reflecting a sell-off in emerging market assets. The US central bank on Wednesday stuck to its
plan to wind down its extraordinary economic stimulus despite recent turmoil in emerging markets.

That further weighed on gold, which benefited from the
Fed's stimulus measures after the financial crisis. The
scheme kept interest rates low while stoking fears of inflation. Spot gold was down 2.1 per cent at $1,242.60 an
ounce at 1503 GMT, while US gold futures for February delivery were down $20 an ounce at $1,242.20. Selling accelerated as the metal broke support at $1,250 an ounce,
"Orders were triggered below $1,250," .The Federal Reserve
reducing QE3 (third programme of quantitative easing) and
US Q4 GDP were positive for the dollar and the US economy
in general."
Wall Street also rebounded at the open on Thursday after
data showed robust household spending and rising exports
helped the US economy to grow 3.2 per cent in the fourth
quarter. (Read more) While that was a slowdown from the
third quarter's 4.1 per cent pace, it was a far stronger performance than earlier anticipated and was welcome news in
light of a 0.3 percentage point drag from October's partial
government shutdown.

TRADING STRATEGY:
BUY GOLD ABOVE 29460 TGTS 29540/29640 SL 29340
SELL GOLD BELOW 29240 TGTS 29160/29060 SL 29360

YOUR MINTVISORY

Support for gold prices from Chinese buying was likely to
weaken with the Lunar New Year holiday starting on January 31, analysts said. Volumes traded on the Shanghai Gold
Exchange were just 1.5 tonnes on Thursday, compared with
Wednesday's 8.4 tonnes and Tuesday's 14 tonnes. And premiums for 99.99 per cent purity gold fell to $4 an ounce on
very thin volumes. They were as high as $20 earlier this
month. Bullion purchases from the mainland were strong in
the run up to the holiday as gold is often bought for good
fortune. "With the Chinese New Year looming, activity in
China has been winding down.

Call us at +91-731-6642300
DAILY REPORT
31st JANUARY. 2014

NCDEX

RECOMMENDATIONS
CASTORSEED

NCDEX INDICES
Index

Value

% Change

Castor Seed

4177

1.21

Chana

2891

-2.10

Coriander

8327

-1.43

Cotton Seed Oilcake

1546

0.06

12170

-1.56

Maize– Feed/Industrial
Grade

1197

-0.25

Mustard seed

3353

-0.47

Soy Bean

3890

1.46

Turmeric

7346

-0.05

Jeera

BUY CASTORSEED FEB ABOVE 4200 TGTS 4230,4280 SL 4150
SELL CASTORSEEED FEB BELOW 4140 TGTS 4110,4060 SL 4190

DHANIYA

NCDEX ROUNDUP
Cardamom prices rose 1.54 per cent to Rs 768.90 per kg in
futures trade yesdterday as speculators engaged in enlarging positions driven by strong demand in spot markets amid
restricted arrivals. At the Multi Commodity Exchange, cardamom for delivery in February gained Rs 11.70, or 1.54 per
cent, to Rs 768.90 per kg, with a business turnover of 468
lots. The March contract edged up by Rs 10, or 1.27 per
cent, to Rs 796.80 per kg in 328 lots.
Soybean prices rose by Rs 42 to Rs 3,378 per quintal in futures trading yesterday on low levels buying amid firm
physical sentiment. apart from increased buying by traders,
limited supplies in spot markets mainly pushed up soybean
prices. At the National Commodity and Derivatives Exchange, soybean prices for April month rose by Rs 42, or
1.14%, to Rs 3,378 per quintal, clocking an open interest of
1,04,000 lots.

BUY DHANIYA FEB ABOVE 8390 TGTS 8420,8470 SL 8340
SELL DHANIYA FEB BELOW 8300 TGTS 8270,8220 SL 8350

YOUR MINTVISORY

Castor seed prices firmed up by Rs 43 to Rs 4,240 per quintal in futures trading yesterday due to speculators buying,
driven by spot and global markets demand. rising demand
in spot and overseas markets mainly advised speculators to
enlarge their positions. At the National Commodity and Derivatives Exchange,

Call us at +91-731-6642300
DAILY REPORT
31st JANUARY. 2014

CURRENCY

RBI Reference Rate
Currency

Rate Currency

Rupee- $

62.7335 Yen-100

Euro

85.6075 GBP

EUR/INR

Rate

61.2200
103.8679

CURRENCY ROUNDUP
Dollar index firms, backed by solid U.S. GDP data By Lisa
Twaronite TOKYO, Jan 31 - Asian stocks struggled to push
higher on Friday, but did get some momentum from data
showing strong U.S. growth and calming emerging market
nerves after several days of turmoil. The dollar regained the
upper hand as solid GDP growth supported the view.
The U.S. dollar traded at one-week highs against a basket of
major currencies early on Friday, having been swept higher
as investors took aim at the euro in a volatile end to a very
choppy month. The dollar index rose as far as 81.135 from
Thursday's low of 80.545, on track to end the week up 0.7
percent. It was up 1.3 percent so far this month. U.S. dollar
bulls welcomed data

SELL EUR /INR BELOW 85.50 TGTS 85.37, 85.23 SL
85.79.
BUY EUR/INR ABOVE 86.21 TGTS 86.35, 86.49 SL 85.91.

USD/INR
SELL USD/INR BELOW 62.85 TGTS 62.72, 62.58 SL
63.14.
BUY USD/INR ABOVE 63.29 TGTS 63.43, 63.57 SL
63.00.

YOUR MINTVISORY

on Thursday showing the world's biggest economy grew at a
solid 3.2 percent annualised rate in the fourth quarter.
enogh to support the view that the Federal Reserve can
continue to wind down its stimulus program. All 70 economists in the latest Reuters poll expect the Fed to maintain
the pace of the taper and reduce by $10 billion at each of
the seven remaining FOMC meetings this year. Against the
yen, the dollar drifted back up to 102.78 , reversing some of
Wednesday's 0.7 percent fall. Volumes were light with large
parts of Asia on holiday.
The euro, meanwhile, skidded to a one-week low of
$1.3543 and also lost ground on the Japanese currency,
touching an eight-week trough of 138.90. Soft German inflation data ahead of a euro zone reading later on Friday, kept
alive market speculation the European Central Bank could
come under more pressure to act to stave off the risk of
deflation. The single currency may weaken further in February should the European Central Bank show a greater willingness to further embark on its easing cycle," said David
Song, analyst at DailyFX. Investors also bought back some
beaten-down commodity currencies as stress in emerging
markets eased off a little.

Call us at +91-731-6642300
DAILY REPORT
31st JANUARY. 2014

CALL REPORT
PERFORMANCE UPDATES

Date

Commodity/ Currency
Pairs

Contract

Strategy

Entry Level

Target

Stop Loss

Remark

30/01/14

MCX GOLD

FEB.

BUY

29880

29960-30060

29760

NOT EXECUTED

30/01/14

MCX GOLD

FEB.

SELL

29600

29520-29420

29720

BOOKED FULL PROFIT

30/01/14

MCX SILVER

MAR.

BUY

44750

44950-45250

44350

NOT EXECUTED

30/01/14

MCX SILVER

MAR.

SELL

44100

43900-43600

44450

BOOKED FULL PROFIT

30/01/14

NCDEX CASTOR SEED

FEB.

BUY

4150

4180-4230

4100

BOOKED FULL PROFIT

30/01/14

NCDEX CASTOR SEED

FEB.

SELL

4080

4050-4000

4130

NOT EXECUTED

30/01/14

NCDEX DHANIYA

FEB.

BUY

8495

8525-8575

8445

NOT EXECUTED

30/01/14

NCDEX DHANIYA

FEB

SELL

8390

8360-8310

8440

BOOKED FULL PROFIT

30/01/14

EUR/INR

JAN.

SELL

84.41

85.27-85.12

85.71

NOT EXECUTED

30/01/14

EUR/INR

JAN.

BUY

86.06

86.20-86.34

85.76

SL TRIGGERED

30/01/14

GBP/INR

JAN.

SELL

103.56

103.41-103.25

103.86

NO PROFIT NO LOSS

30/01/14

GBP/INR

JAN.

BUY

104.26

104.40-104.55

103.96

BOOKED PROFIT

Date

Scrip

CASH/
FUTURE/
OPTION

Strategy

Entry Level

Target

Stop Loss

Remark

30/01/14

NIFTY

FUTURE

SELL

6160

6120-6080

6180

NOT EXECUTED

30/01/14

SESA STER

FUTURE

SELL

194

192-190

198

NOT EXECUTED

30/01/14

ADANI ENT

FUTURE

BUY

252

258-262

248

SL TRIGGERED

30/01/14

JUST DAIL

CASH

BUY

1480

1525-1600

1450

NOT EXECUTED

29/01/14

GLENMARPHARMA

CASH

BUY

550

580-585

560

SL TRIGGERED

20/01/14

BJAAJ AUTO

FUTURE

BUY

1950

1900-2040

1890

SL TRIGGERED

YOUR MINTVISORY

Call us at +91-731-6642300
DAILY REPORT
31st JANUARY. 2014

ECONOMIC CALENDAR

NEXT WEEK'S U.S. ECONOMIC REPORTS
TIME (ET)

REPORT

PERIOD

ACTUAL

CONSENSUS FORECAST

PREVIOUS

MONDAY, JAN. 27
10 am

New home sales

Dec.

469,000

464,000

TUESDAY, JAN. 28
8:30 am

Durable good orders

Dec.

1.5%

3.4%

10 am

Consumer confidence index

Jan.

77.9

78.1

N/A

N/A

3.0%

4.1%

WEDNESDAY, JAN,29
NONE SCHEDULED
THURSDAY, JAN. 30
8:30 am

Weekly jobless claims

1/25

8:30 am

GDP

1Q
FRIDAY ,JAN 31

8:30 am

Employment cost index

1Q

0.5%

0.4%

8:30 am

Personal income

Dec.

0.2%

0.2%

8:30 am

Consumer spending

Dec.

0.2%

0.5%

9:45 am

Chicago PMI

Jan.

61.2

60.8

9:55 am

UMich consumer sentiment index

Jan.

83.0

82.5

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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
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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
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Special report by epic research 31 january 2014

  • 1. DAILY REPORT 31st JANUARY. 2014 Global markets at a glance S&P 500 e-mini futures climbed about 0.2 percent, after the S&P 500 .SPX, the Dow Jones industrial average .DJI and the Nasdaq Composite .IXIC all ended with solid gains on Thursday .But MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was wavering between positive and negative territory. Japan's Nikkei stock average .N225 outperformed the region, adding 0.5 percent after economic data suggested the government and Bank of Japan are making progress toward their goal of sparking sustainable growth and defeating deflation. World Indices Index Value % Change 15848.61 +0.70 S&P 500 1794.19 +1.13 NASDAQ EURO STO FTSE 100 4123.13 3027.30 6538.45 +1.77 +0.53 -0.09 Nikkei 225 Hong Kong 15029.36 22035.42 +0.15 -1.14 DJl Top Gainers Wall Street Update Wall Street rallied on Thursday after solid U.S. economic growth data coupled with better-than-expected earnings sparked demand for equities. At the close of U.S. trading, the Dow Jones Industrial Average rose 0.70%, the S&P 500 index rose 1.13%, while the Nasdaq Composite index rose 1.77%. Solid earnings from social networking icon Facebook and credit-card company Visa, among others, sent broader indices gaining on Thursday as did reports that Google is selling its Motorola mobile phone unit to Lenovo for USD2.91 billion Previous day Roundup Reeling under US Federal Reserve's tapering measures, the market closed on a feeble note after struggling with the bears. The Nifty ended the January series at 6073.70, down 46.55 points. The Sensex closed down 149.05 points at 20498.25. Banking, metals and realty stocks were smashed on Dalal Street. SBI , Hero Motocorp, Sesa Sterlite, Hindalco and Tata Steel were major laggards in the Sensex. Index stats The Market was down in yesterday session where Bankex and Bank Nifty both closed almost flat (down-2.67and down-2.73 respectively). Among the sartorial indices the sectors which were up are;],Auto [ up 31.27 pts], Durables [up 94.12 pts] the index down were Capital Good [down68.79 pts], Healthcare [down –17.16pts], PSU [down – 80.36 pts], TECK [ down-9.42 pts] , IT [ down –13.13 pts ] Consumer FMCG [down-60.81pts] Metals [down —233.30 pts], Realty [down -Pts], Realty [down -Pts], Oil& Gas [down –91.01pts].power [down –5.02 pts]. Company CMP Change % Chg TATAMOTORS 363.20 11.45 3.26 BHARTIARTL 308.60 6.70 2.22 GAIL 351.00 5.00 1.45 1440.00 17.70 1.24 871.10 9.15 1.06 CMP Change % Chg 517.25 532.35 135.25 1518.05 2002.00 -23.20 -23.45 -5.85 -55.60 -69.50 -4.29 -4.22 -4.15 -3.53 -3.36 Prev. Close Change %Chg ALPHAGEO 90.50 2.75 3.04 AUROPHARMA 438.85 15.70 3.58 1215.50 0.50 0.04 93.75 -0.05 -0.05 Prev. Close Change %Chg 941.90 55.70 -13.90 -1.20 -1.48 -2.15 CMP Change % Chg 6073.70 20498.25 -46.55 -149.05 0.76 -0.72 HCLTECH M&M Top Losers Company PNB BANKBARODA DLF SBIN HEROMOTOCO Stocks at 52 Week’s high Symbol ECLERX PHOENIXLL Stocks at 52 Week’s Low Symbol BEL ESSARPORTS Indian Indices Company NIFTY SENSEX YOUR MINTVISORY Call us at +91-731-6642300
  • 2. DAILY REPORT 31st JANUARY. 2014 EQUITY CASH & FUTURE STOCK RECOMMENDATIONS [FUTURE] 1.HCL TECH FUTURE STOCK RECOMMENDATION [CASH] . 1.EXCEL CROP CARE HCL TECH FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sustains above 1450 levels. We advise buying around 1440-1450 levels with strict stop loss 1420 for the targets of 1470-1490 levels EXCEL CROP CARE is looking strong on charts. We advice buying above 442 levels with strict stop loss of 425 for the targets of 452-465 levels. MACRO NEWS 2.VOLTAS FUTURE   YOUR MINTVISORY India has overtaken Japan as the world's third-biggest crude oil importer in 2013, data showed on Thursday. India imported 3.86 million barrels-per-day of crude oil last year, tanker arrival data compiled by Reuters from trade sources showed on Thursday. India's imports were nearly 6 percent higher than Japan's customs-cleared imports of 3,648,372 bpd (211,716,710 kilolitres).  VOLTAS FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sustains above 105 levels. We advise buying around 105-106 levels with strict stop loss 103 for the targets of 109-112 levels. The Cabinet yesterday hiked the subsidised LPG cylinder cap from nine to 12 cylinders. The move comes after All India Congress Committee vice president Rahul Gandhi pitched strongly for the hike while addressing the AICC meet earlier this month, Food Ministry has proposed cash incentive of Rs 2,000 per tonne for the beleaguered sugar industry for exporting 4 million tonne raw sugar. The total subsidy outgo has been pegged at Rs 800 crore spread over two years to be adjusted from the Sugar Development Fund (SDF). Call us at +91-731-6642300
  • 3. DAILY REPORT FUTURE & OPTION 31st JANUARY. 2014 STOCKS IN NEWS  Sun Pharma receives US FDA nod for Desvenlafaxine oral tablets  Titan's Q3 net profit fell 18% to Rs 166 Crore Versus Rs 204 Crore (YoY)  SJVN signs MoU with government for 4000MW solar project in Rajasthan  VIP Industries' Q3 net profit jumped to Rs 10.1 Crore Versus Rs 3.5 Crore NIFTY FUTURE MOST ACTIVE PUT OPTION Symbol Option Type Strike Price LTP NIFTY PE 6,000 0.05 10,33,573 69,67,900 NIFTY PE 6,050 0.05 7,50,497 46,60,500 BANKNIFTY PE 10,100 0.05 1,03,680 2,61,525 BANKNIFTY PE 10,200 43 86,704 51,100 SBIN PE 1,550 33 5,346 57,750 MCDOWELLN PE 2,500 55 3,931 70,375 MCDOWELLN PE 2,400 0.05 3,224 85,625 MOST ACTIVE PE OPTION 0.05 CALL 1,100 AXISBANK 3,159 3,81,750 Symbol Traded Volume (Contracts) Open Interest Option Type Strike Price LTP Traded Volume (Contracts) Open Interest NIFTY CE 6,100 0.05 NIFTY CE 6,050 24.8 8,69,007 3,27,550 BANKNIFTY CE 10,300 0.1 82,421 3,38,450 BANKNIFTY CE 10,200 0.05 80,842 3,82,225 INFY CE 3,700 3.5 9,487 2,44,875 SBIN CE 1,550 0.05 7,248 MCDOWELLN CE 2,500 0.05 5,262 Nifty Future closed in the red in the last trading session. 2,11,625 We advice selling around 6150-6140 levels with strict stop loss of 6180 for the targets of 6110-6080 levels. 1,15,125 SBIN CE 1,600 FII DERIVATIVES STATISTICS 0.05 4,872 5,34,875 12,85,344 65,89,000 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 132073 3963.92 162492 4852.89 378379 11356.18 -888.97 INDEX OPTIONS 618000 18258.96 532450 15779.03 978254 29650.92 2479.94 STOCK FUTURES 236676 7048.32 237175 6929.78 984353 29087.95 118.54 STOCK OPTIONS 18091 557.51 18086 564.26 3582 109.98 -6.75 TOTAL 1702.75 INDICES NIFTY S2 S1 PIVOT R1 R2 6005.66 6039.68 6061.26 6095.28 6116.86 NIFTYJUNIOR 11613.85 11671.75 11762.15 11820.05 11910.45 BANK NIFTY 9976.48 10064.81 10189.53 10277.86 10402.58 YOUR MINTVISORY Call us at +91-731-6642300
  • 4. DAILY REPORT 31st JANUARY. 2014 COMMODITY MCX RECOMMENDATIONS SILVER TRADING STRATEGY: BUY SILVER ABOVE 43550 TGTS 43750/44050 SL 43150 SELL SILVER BELOW 43050 TGTS 42850/42550 SL 43400 GOLD COMMODITY ROUNDUP Gold fell more than 2 per cent on Thursday as robust US growth data and news of a $10 billion cut to the Federal Reserve's monetary stimulus programme boosted the dollar, prompting traders to cash in gains in the metal. The dollar index, measuring the greenback's performance against a basket of currencies, rose 0.6 per cent in European early afternoon trade, also reflecting a sell-off in emerging market assets. The US central bank on Wednesday stuck to its plan to wind down its extraordinary economic stimulus despite recent turmoil in emerging markets. That further weighed on gold, which benefited from the Fed's stimulus measures after the financial crisis. The scheme kept interest rates low while stoking fears of inflation. Spot gold was down 2.1 per cent at $1,242.60 an ounce at 1503 GMT, while US gold futures for February delivery were down $20 an ounce at $1,242.20. Selling accelerated as the metal broke support at $1,250 an ounce, "Orders were triggered below $1,250," .The Federal Reserve reducing QE3 (third programme of quantitative easing) and US Q4 GDP were positive for the dollar and the US economy in general." Wall Street also rebounded at the open on Thursday after data showed robust household spending and rising exports helped the US economy to grow 3.2 per cent in the fourth quarter. (Read more) While that was a slowdown from the third quarter's 4.1 per cent pace, it was a far stronger performance than earlier anticipated and was welcome news in light of a 0.3 percentage point drag from October's partial government shutdown. TRADING STRATEGY: BUY GOLD ABOVE 29460 TGTS 29540/29640 SL 29340 SELL GOLD BELOW 29240 TGTS 29160/29060 SL 29360 YOUR MINTVISORY Support for gold prices from Chinese buying was likely to weaken with the Lunar New Year holiday starting on January 31, analysts said. Volumes traded on the Shanghai Gold Exchange were just 1.5 tonnes on Thursday, compared with Wednesday's 8.4 tonnes and Tuesday's 14 tonnes. And premiums for 99.99 per cent purity gold fell to $4 an ounce on very thin volumes. They were as high as $20 earlier this month. Bullion purchases from the mainland were strong in the run up to the holiday as gold is often bought for good fortune. "With the Chinese New Year looming, activity in China has been winding down. Call us at +91-731-6642300
  • 5. DAILY REPORT 31st JANUARY. 2014 NCDEX RECOMMENDATIONS CASTORSEED NCDEX INDICES Index Value % Change Castor Seed 4177 1.21 Chana 2891 -2.10 Coriander 8327 -1.43 Cotton Seed Oilcake 1546 0.06 12170 -1.56 Maize– Feed/Industrial Grade 1197 -0.25 Mustard seed 3353 -0.47 Soy Bean 3890 1.46 Turmeric 7346 -0.05 Jeera BUY CASTORSEED FEB ABOVE 4200 TGTS 4230,4280 SL 4150 SELL CASTORSEEED FEB BELOW 4140 TGTS 4110,4060 SL 4190 DHANIYA NCDEX ROUNDUP Cardamom prices rose 1.54 per cent to Rs 768.90 per kg in futures trade yesdterday as speculators engaged in enlarging positions driven by strong demand in spot markets amid restricted arrivals. At the Multi Commodity Exchange, cardamom for delivery in February gained Rs 11.70, or 1.54 per cent, to Rs 768.90 per kg, with a business turnover of 468 lots. The March contract edged up by Rs 10, or 1.27 per cent, to Rs 796.80 per kg in 328 lots. Soybean prices rose by Rs 42 to Rs 3,378 per quintal in futures trading yesterday on low levels buying amid firm physical sentiment. apart from increased buying by traders, limited supplies in spot markets mainly pushed up soybean prices. At the National Commodity and Derivatives Exchange, soybean prices for April month rose by Rs 42, or 1.14%, to Rs 3,378 per quintal, clocking an open interest of 1,04,000 lots. BUY DHANIYA FEB ABOVE 8390 TGTS 8420,8470 SL 8340 SELL DHANIYA FEB BELOW 8300 TGTS 8270,8220 SL 8350 YOUR MINTVISORY Castor seed prices firmed up by Rs 43 to Rs 4,240 per quintal in futures trading yesterday due to speculators buying, driven by spot and global markets demand. rising demand in spot and overseas markets mainly advised speculators to enlarge their positions. At the National Commodity and Derivatives Exchange, Call us at +91-731-6642300
  • 6. DAILY REPORT 31st JANUARY. 2014 CURRENCY RBI Reference Rate Currency Rate Currency Rupee- $ 62.7335 Yen-100 Euro 85.6075 GBP EUR/INR Rate 61.2200 103.8679 CURRENCY ROUNDUP Dollar index firms, backed by solid U.S. GDP data By Lisa Twaronite TOKYO, Jan 31 - Asian stocks struggled to push higher on Friday, but did get some momentum from data showing strong U.S. growth and calming emerging market nerves after several days of turmoil. The dollar regained the upper hand as solid GDP growth supported the view. The U.S. dollar traded at one-week highs against a basket of major currencies early on Friday, having been swept higher as investors took aim at the euro in a volatile end to a very choppy month. The dollar index rose as far as 81.135 from Thursday's low of 80.545, on track to end the week up 0.7 percent. It was up 1.3 percent so far this month. U.S. dollar bulls welcomed data SELL EUR /INR BELOW 85.50 TGTS 85.37, 85.23 SL 85.79. BUY EUR/INR ABOVE 86.21 TGTS 86.35, 86.49 SL 85.91. USD/INR SELL USD/INR BELOW 62.85 TGTS 62.72, 62.58 SL 63.14. BUY USD/INR ABOVE 63.29 TGTS 63.43, 63.57 SL 63.00. YOUR MINTVISORY on Thursday showing the world's biggest economy grew at a solid 3.2 percent annualised rate in the fourth quarter. enogh to support the view that the Federal Reserve can continue to wind down its stimulus program. All 70 economists in the latest Reuters poll expect the Fed to maintain the pace of the taper and reduce by $10 billion at each of the seven remaining FOMC meetings this year. Against the yen, the dollar drifted back up to 102.78 , reversing some of Wednesday's 0.7 percent fall. Volumes were light with large parts of Asia on holiday. The euro, meanwhile, skidded to a one-week low of $1.3543 and also lost ground on the Japanese currency, touching an eight-week trough of 138.90. Soft German inflation data ahead of a euro zone reading later on Friday, kept alive market speculation the European Central Bank could come under more pressure to act to stave off the risk of deflation. The single currency may weaken further in February should the European Central Bank show a greater willingness to further embark on its easing cycle," said David Song, analyst at DailyFX. Investors also bought back some beaten-down commodity currencies as stress in emerging markets eased off a little. Call us at +91-731-6642300
  • 7. DAILY REPORT 31st JANUARY. 2014 CALL REPORT PERFORMANCE UPDATES Date Commodity/ Currency Pairs Contract Strategy Entry Level Target Stop Loss Remark 30/01/14 MCX GOLD FEB. BUY 29880 29960-30060 29760 NOT EXECUTED 30/01/14 MCX GOLD FEB. SELL 29600 29520-29420 29720 BOOKED FULL PROFIT 30/01/14 MCX SILVER MAR. BUY 44750 44950-45250 44350 NOT EXECUTED 30/01/14 MCX SILVER MAR. SELL 44100 43900-43600 44450 BOOKED FULL PROFIT 30/01/14 NCDEX CASTOR SEED FEB. BUY 4150 4180-4230 4100 BOOKED FULL PROFIT 30/01/14 NCDEX CASTOR SEED FEB. SELL 4080 4050-4000 4130 NOT EXECUTED 30/01/14 NCDEX DHANIYA FEB. BUY 8495 8525-8575 8445 NOT EXECUTED 30/01/14 NCDEX DHANIYA FEB SELL 8390 8360-8310 8440 BOOKED FULL PROFIT 30/01/14 EUR/INR JAN. SELL 84.41 85.27-85.12 85.71 NOT EXECUTED 30/01/14 EUR/INR JAN. BUY 86.06 86.20-86.34 85.76 SL TRIGGERED 30/01/14 GBP/INR JAN. SELL 103.56 103.41-103.25 103.86 NO PROFIT NO LOSS 30/01/14 GBP/INR JAN. BUY 104.26 104.40-104.55 103.96 BOOKED PROFIT Date Scrip CASH/ FUTURE/ OPTION Strategy Entry Level Target Stop Loss Remark 30/01/14 NIFTY FUTURE SELL 6160 6120-6080 6180 NOT EXECUTED 30/01/14 SESA STER FUTURE SELL 194 192-190 198 NOT EXECUTED 30/01/14 ADANI ENT FUTURE BUY 252 258-262 248 SL TRIGGERED 30/01/14 JUST DAIL CASH BUY 1480 1525-1600 1450 NOT EXECUTED 29/01/14 GLENMARPHARMA CASH BUY 550 580-585 560 SL TRIGGERED 20/01/14 BJAAJ AUTO FUTURE BUY 1950 1900-2040 1890 SL TRIGGERED YOUR MINTVISORY Call us at +91-731-6642300
  • 8. DAILY REPORT 31st JANUARY. 2014 ECONOMIC CALENDAR NEXT WEEK'S U.S. ECONOMIC REPORTS TIME (ET) REPORT PERIOD ACTUAL CONSENSUS FORECAST PREVIOUS MONDAY, JAN. 27 10 am New home sales Dec. 469,000 464,000 TUESDAY, JAN. 28 8:30 am Durable good orders Dec. 1.5% 3.4% 10 am Consumer confidence index Jan. 77.9 78.1 N/A N/A 3.0% 4.1% WEDNESDAY, JAN,29 NONE SCHEDULED THURSDAY, JAN. 30 8:30 am Weekly jobless claims 1/25 8:30 am GDP 1Q FRIDAY ,JAN 31 8:30 am Employment cost index 1Q 0.5% 0.4% 8:30 am Personal income Dec. 0.2% 0.2% 8:30 am Consumer spending Dec. 0.2% 0.5% 9:45 am Chicago PMI Jan. 61.2 60.8 9:55 am UMich consumer sentiment index Jan. 83.0 82.5 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 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