Special Report by Epic Research 25 February 2014

8/12/2019 Special Report by Epic Research 25 February 2014

1/8

DAILY REPORT

25th

FEBRUARY. 2014

YOUR MINTVISORY Call us at +91-731-6642300

Global markets at a glance

The Nikkei average advanced to a 3-1/2-week peak on

Tuesday after a rally in Wall Street shares to historic highs

triggered short-covering in battered Japanese stocks. The

Nikkei was up 1.2 % at 15,013.29 as of 0208 GMT after

touching 15,079.84, its highest since Jan. 31. The bench-

mark has recovered about 40 % of its losses since it fell

from a six-year peak hit in late December.

Demand for Spanish equities helped European shares to

six-year highs on Monday, but weaker-than-expected re-

sults from HSBC and a disappointing outlook from Volks-

wagen capped the gains. The pan-European FTSEurofirst

300 closed up 0.6 % at 1,351.65 points, the highest closing

price since May 2008. The euro zone's blue-chip Euro

STOXX 50 index finished up 0.8 % at 3,157.31 points.

Wall Street Update

U.S. stocks rose on Monday and the S&P 500 hit a record

intraday high, helped by gains in health insurers' shares

and optimism about merger activity. The Nasdaq reached

a 14-year high, though all three indexes closed off their

highs for the session. The S&P 500 finished less than a

point away from its record closing high of 1,848.38.

The Dow Jones industrial average .DJI rose 103.84 points

or 0.64 %, to close at 16,207.14. The S&P 500. SPX gained

11.36 points or 0.62%, to end at 1,847.61, after rising to an

intraday record of 1,858.71. The Nasdaq Composite .IXIC

added 29.558 points or 0.69 %, to finish at 4,292.968.

Previous day Roundup

The market started off the week on a positive note with

the Sensex rising over 100 points supported largely by

banks and capital goods stocks. However, there was a bitof volatility in the market ahead of expiry of February de-

rivative contracts on Wednesday. The Sensex rose 110.69

points to close at 20,811.44 and the Nifty climbed 30.65

points to 6,186.10.

Index stats

The Market was very volatile in yesterdays session. The

sartorial indices performed as follow Consumer Durables

[up 1.38pts] Capital Good [up 248.89pts], PSU [down

17.74pts], FMCG [up 28.69pts] Realty [down 0.05Pts],

Power [down 22.40pts], Auto [up 82.32pts], Healthcare[up 114.93pts], IT [down 36.44pts], Metals [down

81.58pts], TECK [down 26.28pts], Oil& Gas [up 49.14pts].

World Indices

Index Value % ChangeD J l 16,270.14 +0.64

S&P 500 1,847.61 +0.62

NASDAQ 4,292.97 +0.69

EURO STO 3,157.31 +0.82

FTSE 100 6,865.86 +0.41

Nikkei 225 15,030.70 +1.30

Hong Kong 22,436.63 +0.21

Top Gainers

Company CMP Change % Chg

TATAPOWER 82.90 4.10 +5.20

BHEL 156.70 6.10 +4.05

AXISBANK 1,236.50 43.15 +3.62

RANBAXY 364.60 10.45 +2.95

LT 1,082.50 27.35 +2.59

Top Losers


NTPC 117.25 15.20 -11.48

BHARTIARTL 283.10 5.05 -1.75

TATASTEEL 369.30 5.10 -1.36

NMDC 135.40 1.75 -1.28

TCS 2,177.95 27.75 -1.26

Stocks at 52 Weeks high

Symbol Prev. Close Change %Chg

APOLLOTYRE 125.90 1.20 +0.96

BALPHARMA 33.40 1.55 +4.87DRREDDY 2,790.10 56.75 +2.08

ESSDEE 742.00 12.95 +1.78

Indian Indices


NIFTY 6,186.10 +30.65 +0.50

SENSEX 20,811.44 110.69 +0.53

Stocks at 52 Weeks Low

Symbol Prev. Close Change %Chg

CORPBANK 228.90 5.10 +2.28

ESSARPORTS 50.85 0.25 +0.49
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STOCK RECOMMENDATIONS [FUTURE]

1. BHEL

BHEL FUTURE is looking strong on charts, long build up has

been seen, we may see more upside, if it sustains above

158 levels. We advise buying above 158 levels with strict

stop loss 154 for the targets of 162-166 levels.

2. CROMPTON GREAVES

CROMPTON GREAVES FUTURE is looking strong on charts,long build up has been seen, we may see more upside, if it

sustains above 128 levels. We advise buying above 128 lev-

els with strict stop loss 125 for the targets of 130-134.

EQUITY CASH & FUTURE

STOCK RECOMMENDATION [CASH]

1. GENESYS INTERNATIONAL

GENESYS INTERNATIONAL is looking strong on charts. We

advise buying above 85 levels with strict stop loss of 78 for

the targets of 92-98 levels.

MACRO NEWS

Stating that the forthcoming elections will delay the

reform process and hurt growth, international rating

agency Moodys on Monday said it expects growth to

pick up to only 5.5 % in FY15..

NCAER says After a slide in the second quarter of the

current fiscal, higher exports, enhanced farm produce

and moderation in inflation improved business confi-

dence during the October-December period.India and US to finalize a agreement that will help shield

Indian financial entities such as banks, insurance com-

panies, custodians and broking houses from facing pe-

nal taxes in the US for failing to disclose the dealings of

American citizens. The US govt will, from July this year,

implement the Foreign Account Tax Compliance Act, or

FATCA, which makes it mandatory for foreign financial

institutions to report accounts of US citizens held with

them.

Gujarat to announce an increase in laborers' daily

wages.

SKS Microfinance securitizes Rs 158.27 crore.


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FUTURE & OPTION

MOST ACTIVE PUT OPTION

Symbol OptionType StrikePrice LTP TradedVolume(Contracts)

OpenInterest

NIFTY PE 6,100 4.85 4,92,749 67,80,250

NIFTY PE 6,200 27.9 4,13,881 30,71,850

NIFTY PE 6,000 1.55 2,77,843 1,02,83,050

BANKNIFTY PE 10,500 17 78,063 4,55,450

SBIN PE 1,500 8 7,317 5,25,375

AXISBANK PE 1,200 4.5 5,127 4,71,000

AXISBANK PE 1,150 1.4 2,659 4,10,750

TATAMOTORS PE 390 1.25 2,309 10,21,000

MOST ACTIVE CALL OPTION

Symbol Option

Type

Strike

Price

LTP Traded

Volume

(Contracts)

Open

Interest

NIFTY CE 6,200 22.8 5,89,611 51,20,850

NIFTY CE 6,100 98.05 3,13,451 26,88,650

NIFTY CE 6,300 1.8 1,84,980 46,71,850BANKNIFTY CE 10,700 74 80,733 4,09,800

SBIN CE 1,550 4.75 7,312 10,28,500

AXISBANK CE 1,200 36.85 4,093 2,07,500

TATAMOTORS CE 400 2.70 3,269 11,99,000

JPASSOCIAT CE 42 0.4 3,555 71,04,000

FII DERIVATIVES STATISTICS

BUY OPEN INTEREST AT THE END OF THE DAYSELL

No. ofContracts

Amount inCrores

No. ofContracts

Amount inCrores

No. ofContracts

Amount inCrores

NET AMOUNT

INDEX FUTURES 118143 3569.64 99004 2967.84 440814 13389.57 601.80

INDEX OPTIONS 486874 14446.11 475350 13995.75 1595759 48969.35 450.36

STOCK FUTURES 374371 11256.62 381558 11424.93 1118963 33724.33 -168.31

STOCK OPTIONS 41708 1242.16 40943 1243.53 74083 2159.50 -1.37

TOTAL 882.48

INDICES S2 S1 PIVOT R1 R2

NIFTY 6108.53 6147.31 6169.58 6208.36 6230.63

NIFTYJUNIOR 11981.26 12003.93 12026.31 12048.98 12071.36

BANK NIFTY 10382.0 10532.74 10622.2 10772.94 10862.39

STOCKS IN NEWS

Moily says that Govt. will not be able to terminateRIL's contract for KG-D6 gas fields as matter is pend-

ing before arbitral tribunal.

Essar Energy rejects full takeover bid.

Pfizer to buy stake in two foreign units.

Ranbaxy Laboratories suspends drug ingredients ship-

ment from 2 plants.

Reliance Industries partners may have to sell KG-D6

gas at $4.2/unit.

NIFTY FUTURE

Nifty Future closed in the green in the last trading ses-

sion. We advise buying around 6150 levels with strict

stop loss of 6130 for the targets of 6180-6225 levels.


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RECOMMENDATIONS

SILVER

TRADING STRATEGY:

Buy Silver Mar above 48250 tgts 48450,48650 sl 47900

Sell Silver Mar below 47850 tgts 47650,47450 sl 48200

GOLD

TRADING STRATEGY:

Buy Gold Apr. above 30220 tgts 30300,30420 sl 30130

Sell Gold Apr. below 30035 tgts 29955,29825 sl 30125

COMMODITY ROUNDUP

MCX Gold futures for April broke above Rs 30000 levels to-

day following supportive global cues. Last week, the COMEX

Gold futures trespassed the $1300 an ounce gushing up to

near 4 month highs on back to back weak economic data

releases from US which bolstered the case for slow rollback

of the Fed's bond buying program. The metal is holding up

well today and the COMEX futures are trading at $1333.10

per ounce, up $9.50 per ounce on the day right now. The

MCX Gold futures are trading at Rs 30093, up nearly Rs 200

per 10 grams on the day.

The global gold demand in 2013 declined 15% to 3,756 ton-

nes compared to 2012, India's gold demand remained

buoyant in 2013 and rose by 13 % to 975 tonne compared

to 2012, despite government putting in several restrictions

to curb imports

The crisis of Indonesian ban on ore exports is set to trickle

uncertainty in the mining industry. The initial reactions for

Copper were good when the ban was announced, but after

the vagueness crisis is started developing in the industry.

Copper was seen in red, with prices dipping by more than

1%. The last time Copper was checked it traded at Rs 444.7per kg. Further selling is highly likely in the metal with sup-

ports at Rs 440 per kg now looking achievable. COMEX Cop-

per was trading at $ 3.246, down 4 cents.

Zinc futures declined 0.39% to Rs 126.55 per kg yesterday

as participants reduced positions on weak cues from the

global markets amid subdued demand in domestic spot

markets. At MCX zinc for delivery in February traded lower

by 50 paise, or 0.39%, to Rs 126.55 per kg, with a business

turnover of 92 lots. The metal for delivery in March fell 30

paise, or 0.24%, to trade at Rs 127.05 per kg in a turnover of28 lots. The fall in zinc prices at futures trade was mostly in

line with a weak trend in the entire base metals pack at the

LME amid concerns that demand in China will slow.

Aluminium prices fell 0.42% to Rs 106.95 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 MCX aluminium for delivery

in February declined by 45 paise, or 0.42%, to Rs 106.95 per

kg in business turnover of 83 lots. Similarly, the metal for

delivery in March traded lower by 45 paise, or 0.41%, to Rs108.45 per kg in 31 lots.

COMMODITY MCX
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DAILY REPORT

25th

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RECOMMENDATIONS

GUARGUM

BUY GUARGUM ABOVE 13070 TGTS 13120,13220 SL 12990

SELL GUARGUM BELOW 12900 TGTS 12850,12750 SL 12990

DHANIYA

BUY DHANIYA ABOVE 9380 TGTS 9410,9460 SL 9330

SELL DHANIYA BELOW 9235 TGTS 9205,9155 SL 9285

NCDEX

NCDEX INDICES

Index Value % Change

Castor Seed 4277 +0.16

Chana 3027 +1.10

Coriander 9358 +1.85

Cotton Seed Oilcake 1554 -1.21

Jeera 11550 -0.02

MaizeFeed/Industrial

Grade 1215 +0.16

Mustard seed 3428 +0.47

Soy Bean 4052 +0.90

Turmeric 6880 -2.38

NCDEX ROUNDUP

Indias castorseed output is likely to decline by 17% this

year on lower acreage due to farmers shifting towards bet-

ter remunerative crop. Cotton was the biggest beneficiaryof the crop shifting. As per the latest crop survey conducted

by Solvent Extractors' Association of India (SEA), the total

area under Castor crop in India for the year 2013-14 is

916,000 hectares. It has decreased by 16% as compared to

the previous year.

Estimated total production of Castor Seeds in India for the

year 2013-14 is 1,120,000 tonnes. It has decreased by 17%

as compared to the previous year. Average yield for the

year 2013-14 is 1223 kg/hectare as against 1229 kg/hectare

during the year 2012-13. It has decreased by 1% as com-

pared to the previous year.

Potato prices declined by 0.65% to Rs 1,170 per quintal in

futures trading yesterday as speculators offloaded their po-

sitions on increased arrivals from producing regions. At the

MCX, potato for delivery in April declined by Rs 7.60, or

0.65%, to Rs 1,170 per quintal in a business turnover of 38

lots. Potato for delivery in March also traded lower by Rs

5.10, or 0.44%, to Rs 1,153.90 per quintal in 56 lots. Offload-

ing of positions by speculators on increased arrivals fromgrowing belts against subdued demand, mainly pulled down

potato prices at futures trade.


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DAILY REPORT

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USD/INR

SELL USD/INR BELOW 61.95 TGTS 61.82, 61.68 SL 62.20.

BUY USD/INR ABOVE 62.38 TGTS 62.51, 62.65 SL 62.13.

EUR/INR

BUY EUR/INR ABOVE 85.46 TGTS 85.60, 85.74 SL 85.16.

SELL EUR/INR BELOW 85.10 TGTS 84.96, 84.81 SL 85.40.

CURRENCY ROUNDUP

The Japanese currency has stayed not far from five-year

lows, with the dollar trading around 102.50 yen on Tuesday.

The yen trammeled familiar ranges of the past couple of

weeks, with the dollar trading at 102.47 yen.

The dollar steadied against its rivals in early Asian trade on

Tuesday as traders sought more clarity on the pace of the

U.S. economic recovery after a series of soft data releases in

the past few weeks. The dollar index stood at 80.21, near

the middle of its range in the past week between 79.93 and

80.42, with safe-haven demand for the greenback receding

on growing hopes Ukraine may find some stability after the

fall of Russian-backed president Viktor Yanukovich. While

the dollar is widely seen as having an upper hand on the yen

due to the Bank of Japan's massive quantitative easing, the

market lacks a catalyst to spur fresh yen selling at this point.Highlighting the risk, revised euro zone inflation data

showed on Monday consumer prices fell in January at their

fastest pace on a monthly basis. The Australian dollar stood

at $0.9041, not far from five-week high of $0.9081 hit a

week ago. Ukraine's dollar bonds rallied on Monday and its

five-year debt insurance costs tumbled as hopes grew that

the country would win assistance from Western donors.

The Indian rupee opened flat at 62.10 per dollar on first day

of the week as against Friday's closing value of 62.12 per

dollar. The euro holds steady against the dollar this morn-ing, retaining the gains from late last week as political un-

rest in Ukraine showed signs of settling down for the time

being.

The dollar index has regained some footing after touching a

trough of 79.927 last week, its lowest level since late De-

cember. The dollar edged lower against a basket of major

currencies on Monday as investors' risk appetite improved

amid expectations that Ukraine would receive international

aid, calming fears surrounding the heavily-indebted country.

The dollar index was down slightly at 80.218 after postingits first weekly gain in three weeks. Expectations that

Ukraine would receive aid from Western donors helped

stoke investors' risk appetite.

CURRENCY

RBI Reference Rate

Currency Rate Currency Rate

Rupee- $ 62.1185 Yen-100 60.7100

Euro 85.3235 GBP 103.3838


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CALL REPORT

PERFORMANCE UPDATES

DateCommodity/ Currency

PairsContract Strategy Entry Level Target Stop Loss Remark

24/02/14 MCX GOLD APR. BUY 29980 30060-30200 29860BOOKED FULL

PROFIT

24/02/14 MCX GOLD APR. SELL 29790 29710-29610 29910 NOT EXECUTED

24/02/14 MCX SILVER MAR. BUY 47700 47900-48200 47350BOOKED FULL

PROFIT

24/02/14 MCX SILVER MAR. SELL 47250 47000-46650 47600 NOT EXECUTED

24/02/14 NCDEX GUARGUM MAR. BUY 13350 13410-13480 13250 NOT EXECUTED

24/02/14 NCDEX GUARGUM MAR. SELL 13180 13120-13050 13280BOOKED FULL

PROFIT

24/02/14 NCDEX DHANIYA APR. BUY 9230 9260-9310 9180BOOKED FULL

PROFIT

24/02/14 NCDEX DHANIYA APR. SELL 9140 9170-9220 9090 NOT EXECUTED

24/02/14 JPY/INR FEB. SELL 60.47 60.34-60.20 60.77 NO PROFIT NO LOSS

24/02/14 JPY/INR FEB. BUY 61.08 61.21-61.35 60.79 NOT EXECUTED

24/02/14 EUR/INR FEB. SELL 85.04 84.90-84.75 85.35 NOT EXECUTED

24/02/14 EUR/INR FEB. BUY 85.60 85.74-85.89 85.29 NOT EXECUTED

Date Scrip

CASH/

FUTURE/

OPTION

Strategy Entry Level Target Stop Loss Remark

24/02/14 NIFTY FUTURE BUY 6120 6150-6180 6080 NOT EXECUTED

24/02/14 JSWSTEEL FUTURE BUY 880-885 895-905 868 CALL OPEN

24/02/14 AXISBANK FUTURE BUY 1200 1230-1250 1165 BOOKED PROFIT

24/02/14 GEOMETRIC CASH BUY 110 120-125 100 BOOKED PROFIT

20/02/14 NIFTY FUTURE BUY 6120 6150-6180 6100BOOKED FULL

PROFIT

20/02/14 TCS FUTURE BUY 2200-2220 2250-2300 2150 CALL OPEN

18/02/14 M&M FUTURE BUY 940 960-980 920 CALL OPEN

17/02/14 AMTEK INDIA CASH BUY 64-65 70-75 60 CALL OPEN

14/02/14 HINDALCO FUTURE SELL 100 97-95 103 BOOKED PROFIT

10/02/14 KRBL CASH BUY 45-46 50-54 40 CALL OPEN


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NEXT WEEK'S U.S. ECONOMIC REPORTS

ECONOMICCALENDAR

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Disclaimer

TIME (ET) REPORT PERIOD ACTUAL CONSENSUS FORECAST PREVIOUS

MONDAY, FEB. 10

NONE SCHEDULED

TUESDAY, FEB. 11

7:30 am NFIB small business index Jan. -- 93.9

10 am Wholesale inventories Dec. -- 0.5%

10 am Job openings Dec. -- 4.0 mln

WEDNESDAY, FEB.12

2 pm Federal budget Jan. -- -$3 bln

THURSDAY, FEB. 13

8:30 am Weekly jobless claims 2/8 N/A N/A

8:30 am Retail sales Jan. 0.3% 0.2%

8:30 am Retail sales ex-autos Jan. 0.2% 0.7%

10 am Business inventories Dec. 0.5% 0.4%

FRIDAY ,FEB 14

8:30 am Import price index Jan. -0.1% 0.0%

9:15 am Industrial production Jan. 0.3% 0.3%

9:15 am Capacity utilization Jan. 79.3% 79.2%

9:55 am UMich consumer sentiment index Jan. N/A 82.1

Documents

Special Report by Epic Research 25 February 2014