special report by epic research 20 february 2014
TRANSCRIPT
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8/13/2019 Special Report by Epic Research 20 February 2014
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DAILY REPORT
20th
FEBRUARY. 2014
YOUR MINTVISORY Call us at +91-731-6642300
Global markets at a glance
European shares pared early losses in late trade on
Wednesday, tracking a rally in Wall Street, with WM Morri-
son gaining in the afternoon after a report that the grocer
may be taken over by private-equity firms. The FTSEuro-
first 300 mounted a recovery in thin volumes to close up
0.1 percent at 1,338.67, as Wall Street turned higher after
a cautious start before U.S. Federal Reserve minutes were
released.
Japan's Nikkei share average fell for a second day following
declines on Wall Street as minutes of the U.S. Federal Re-
serve's latest policy-setting meeting indicated it will keep
trimming its stimulus. The Nikkei shed 0.8 percent to
14,643.01 in mid-morning trade, after falling 0.5 percent
to 14,766.53 on the previous day.
Wall Street Update
Stocks slid on Wednesday in a late selloff after minutes of
the U.S. Federal Reserve's latest policy-setting meeting
indicated that the central bank will keep trimming its bond
-buying stimulus unless there is a significant economic sur-
prise. The Dow Jones industrial average .DJI fell 89.84
points or 0.56 percent, to end at 16,040.56. The S&P
500 .SPX slipped 12.01 points or 0.65 percent, to finish at
1,828.75. The Nasdaq Composite .IXIC dropped 34.83
points or 0.82 percent, to close at 4,237.954. The S&P 500
set an all-time closing high of 1,848.38 on January 15, and
came within a point of that level at its session high on
Wednesday.
Previous day Roundup
Equity benchmarks saw late trade up move again, extend-
ing gains for the fourth consecutive session on Wednesday
aided by technology, capital goods and healthcare stocks.
The Nifty closed at 6152.75, 25.65 points while the Sensexwas up 88.76 points at 20722.97. About 1447 shares have
advanced, 1202 shares declined, and 153 shares are un-
changed. IT, Healthcare and Capital Goods indices ended
with strong gains.
Index stats
The market finally ended on high note with support by IT
stocks. The sartorial indices performed as follow Consumer
Durables [up 63.34pts] Capital Good [up 99.76pts], PSU
[down 0.12pts], FMCG [down 11.72pts] Realty [up
5.21Pts], Power [down 6.33pts], Auto [down 11.19pts],Healthcare [up 119.35pts], IT [up 138.53pts], Metals
[down 96.69pts], TECK [up pts] Oil& Gas [up 24.09pts].
World Indices
Index Value % ChangeD J l 16,040.56 -0.56
S&P 500 1,828.75 -0.65
NASDAQ 4,237.95 -0.82
EURO STO 3,120.80 +0.11
FTSE 100 6,796.71 0.00
Nikkei 225 14,518.14 -1.68
Hong Kong 22,412.78 -1.11
Top Gainers
Company CMP Change % Chg
RANBAXY 360.80 9.80 +2.79
SUNPHARMA 623.00 13.25 +2.17
TCS 2,213.00 47.00 +2.17
LUPIN 942.50 19.75 +2.14
INFY 3,760.00 78.00 +2.12
Top Losers
Company CMP Change % Chg
TATAPOWER 77.20 2.25 -2.83
JINDALSTEL 245.40 7.05 -2.79
HEROMOTOCO 1,942.00 37.40 -1.89
SSLT 186.35 2.90 -1.53
TATASTEEL 374.00 5.65 -1.49
Stocks at 52 Weeks high
Symbol Prev. Close Change %Chg
BHARATFORG 367.80 10.30 +2.88
ESSDEE 715.05 37.70 +557GLOBOFFS 200.00 9.50 +4.99
TATAELXSI 495.70 15.80 +3.29
Indian Indices
Company CMP Change % Chg
NIFTY 6,152.75 +25.65 +0.42%
SENSEX 20,722.97 +88.76 +0.43%
Stocks at 52 Weeks Low
Symbol Prev. Close Change %Chg
MAHABANK 30.15 0.85 +2.90
UNITED BANK 24.50 0.20 +0.82
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STOCK RECOMMENDATIONS [FUTURE]
1. TCS
TCS FUTURE is looking strong on charts, long build up has
been seen, we may see more upside, if it sustains above
2200 levels. We advise buying around 2200-2220 levels
with strict stop loss 2150 for the targets of 2250-2300 lev-els.
2. LUPIN
LUPIN FUTURE is looking strong on charts, long build up hasbeen seen, we may see more upside, if it sustains above
945 levels. We advise around 940-945 levels with strict stop
loss 930 for the targets of 955-965 levels.
EQUITY CASH & FUTURE
STOCK RECOMMENDATION [CASH]
1. ABG SHIPYARD
ABG SHIPYARD is looking strong on charts. We advise buying
around 300-310 levels with strict stop loss of 280 for the
targets of 320-340 levels.
MACRO NEWS
Shares of jeweler stocks are on buyers radar as Finance
Minister P Chidambaram may be looking into removing
restrictions on import of gold.
Govt. orders CNG retailers to provide cost-break up.
Ranbaxy and Teva settle with NY Attorney General over
collusion.
Infrastructure investment declined since 2010-11; gov-
ernment taking steps to boost it.Indian banks lose Rs 17,284 cr in fraud cases, reveals
RTI.
Tatamotors says to pass on entire benefit of excise duty
cut to customers
MCX says it intends to divest stake in few ventures.
NTPC plans two more power projects in Madhya
Pradesh.
Greaves Cotton : Amansa Holdings sells 13.3 lakh shares
at Rs 60/share (Note: As on December 2013 stake of
4.29 percent).
Magma Fincorp : Macquarie Bank sells 14.93 lakh shares
at Rs 66.5/share.
http://economictimes.indiatimes.com/news/news-by-industry/energy/oil-gas/government-orders-cng-retailers-to-provide-cost-break-up/articleshow/30676533.cmshttp://economictimes.indiatimes.com/news/news-by-industry/healthcare/biotech/pharmaceuticals/ranbaxy-and-teva-settle-with-ny-attorney-general-over-collusion/articleshow/30661003.cmshttp://economictimes.indiatimes.com/news/news-by-industry/healthcare/biotech/pharmaceuticals/ranbaxy-and-teva-settle-with-ny-attorney-general-over-collusion/articleshow/30661003.cmshttp://economictimes.indiatimes.com/news/economy/infrastructure/infrastructure-investment-declined-since-2010-11-government-taking-steps-to-boost-it/articleshow/30675428.cmshttp://economictimes.indiatimes.com/news/economy/infrastructure/infrastructure-investment-declined-since-2010-11-government-taking-steps-to-boost-it/articleshow/30675428.cmshttp://economictimes.indiatimes.com/news/economy/infrastructure/infrastructure-investment-declined-since-2010-11-government-taking-steps-to-boost-it/articleshow/30675428.cmshttp://economictimes.indiatimes.com/news/economy/infrastructure/infrastructure-investment-declined-since-2010-11-government-taking-steps-to-boost-it/articleshow/30675428.cmshttp://economictimes.indiatimes.com/news/news-by-industry/healthcare/biotech/pharmaceuticals/ranbaxy-and-teva-settle-with-ny-attorney-general-over-collusion/articleshow/30661003.cmshttp://economictimes.indiatimes.com/news/news-by-industry/healthcare/biotech/pharmaceuticals/ranbaxy-and-teva-settle-with-ny-attorney-general-over-collusion/articleshow/30661003.cmshttp://economictimes.indiatimes.com/news/news-by-industry/energy/oil-gas/government-orders-cng-retailers-to-provide-cost-break-up/articleshow/30676533.cmshttp://www.epicresearch.co/ -
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FUTURE & OPTION
MOST ACTIVE PUT OPTION
Symbol Op-tion
Type
StrikePrice LTP TradedVolume
(Contracts
)
OpenInterest
NIFTY PE 6,100 21.45 3,95,591 60,36,750
NIFTY PE 6,000 7.35 2,42,7451,18,19,60
0
NIFTY PE 5,900 2.9 1,98,699 61,83,450
BANKNIFTY PE 10,500 73.8 32,475 2,69,400
SBIN PE 1,500 18.1 4,545 5,63,750
INFY PE 3,700 14.25 3,152 2,31,125
MCDOWELL PE 2,300 21.85 1,990 1,88,125
TATASTEEL PE 370 4.5 1,742 7,32,000MOST ACTIVE CALL OPTION
Symbol Option
Type
Strike
Price
LTP Traded
Volume
(Contracts)
Open
Interest
NIFTY CE 6,200 27.7 3,82,261 61,58,350
NIFTY CE 6,100 84.9 3,00,565 44,68,000
NIFTY CE 6,300 5.8 1,62,298 48,70,350BANKNIFTY CE 10,700 94.1 39,519 2,76,775
SBIN CE 1,550 10.2 6,066 10,40,625
TCS CE 2,200 35 3,967 1,98,875
RELIANCE CE 820 7.85 3,777 9,02,000
RANBAXY CE 380 3.6 3,134 9,77,000
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 36219 1095.16 30423 913.63 386700 11725.86 181.53
INDEX OPTIONS 356592 10544.47 341668 10068.60 1591798 48630.68 475.87
STOCK FUTURES 48276 1516.03 52596 1636.38 1046116 31217.34 -120.35
STOCK OPTIONS 33862 1031.42 36441 1100.97 68030 1999.26 -69.55
TOTAL 467.50
INDICES S2 S1 PIVOT R1 R2
NIFTY 6111.68 6132.21 6146.28 6166.81 6180.88
NIFTYJUNIOR 11908.38 11942.76 11971.23 12005.61 12034.08
BANK NIFTY 10476.83 10543.21 10586.68 10653.06 10696.53
STOCKS IN NEWS
Bajaj to deepen Kawasaki, KTM partnerships to liftexports.
State Bank of India may slow hiring in next few years.
Ranbaxy, Teva settle US anti-trust probe for
$3,00,000.
M&M Cuts prices across its vehicle range.
NIFTY FUTURE
Nifty Future closed in the green in the last trading ses-
sion still looks positive. We advise buying around 6120
levels with strict stop loss of 6100 for the targets of 6150
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RECOMMENDATIONS
SILVER
TRADING STRATEGY:
BUY SILVER ABOVE 48050 TGTS 48250/48550 SL 47700SELL SILVER BELOW 47500 TGTS 47200/46850 SL 47850
GOLD
TRADING STRATEGY:
BUY GOLD(APR) ABOVE 30250 TGTS 30330/30430 SL 30130
SELL GOLD(APR) BELOW 29840 TGTS 29760/29660 SL 29960
COMMODITY ROUNDUP
Gold restrictions imposed by the Finance Minister has been
cited as one of the main reasons for reining in Current Ac-
count Deficit (CAD) to 1.2 per cent as against a peak of 4.9
per cent. The FM in his Vote on Account speech said that
CAD for the current fiscal will touch $45 billion as against
$88.2 billion in the previous year. Import restrictions and
hiking import duties three times during 2013 resulted in
lower gold import, at least from the official channels.
Hawala premiums for smuggling gold have shot up to four
per cent from 2.5 per cent a few months ago. These were
just 1.25-1.5 per cent a couple of years ago, when gold was
not smuggled to this extent into India.
Silver prices fell by 0.81% to Rs 47,635 per kg in futures
trade after speculators trimmed positions on weak cues
from the global market. At the Multi Commodity Exchange,
silver for delivery in March fell by Rs 389, or 0.81%, to Rs
47,635 per kg in a business turnover of 751 lots. Also, the
white metal for delivery in May declined by Rs 398, or
0.81%, to Rs 48,640 per kg in business volume of 82 lots. A
subdued trend in the global markets amid expectations that
Federal Reserve minutes will show policy makers backing
further stimulus cut, triggered offloading of positions by
speculators that led to fall in silver prices at futures trade
here. In the international market, silver fell 0.70% to $21.77
an ounce in Singapore.
Indias iron ore production from January to December in
2013 registered a decline of 11 per cent to 136 million ton-
nes (mt) compared to 152.6 mt a year ago, provisional fig-
ures with the mines ministry said. The production in Janu-
ary-December 2011 was 192 million tonnes. The decline
was mainly due to no mining in Goa and the delay in theresumption of mines in Karnataka. The latter produced 16
mt in 2013 . Aluminium prices rose 0.23% to Rs 107.60 per
kg in futures trade today on the back of rising spot demand
even as the metal weakened overseas. At the Multi Com-
modity Exchange, aluminium for delivery in February rose
by 25 paise, or 0.23%, to Rs 107.60 per kg in a turnover of
256 lots. The metal for delivery in March rose by a similar
margin to trade at Rs 109 per kg in a business volume of 13
lots. The rise in aluminium prices at futures trade was
mostly attributed to rising demand at domestic spot mar-
kets but a weak trend overseas on high stockpiles limited
the gains.
COMMODITY MCX
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RECOMMENDATIONS
CASTORSEED
BUY CASTORSEED MAR ABOVE 4190 TGTS 4220,4270 SL
4140
SELL CASTORSEED MAR BELOW 4155 TGTS 4125,4075 SL
4205
DHANIYA
BUY DHANIYA APR ABOVE 8975 TGTS 9005,9055 SL 8925
SELL DHANIYA APR BELOW 8905 TGTS 8875,8825 SL 8955
NCDEX
NCDEX INDICES
Index Value % Change
Castor Seed 4120 -0.05
Chana 2941 +0.03
Coriander 8020 -2.39
Cotton Seed Oilcake 1548 +1.24
Jeera 11500 -0.67
MaizeFeed/Industrial
Grade 1190 0.00
Mustard seed 3383 -0.06
Soy Bean 4047 +0.88
Turmeric 7276 -0.84
NCDEX ROUNDUP
India's wheat, rice and corn exports may fall 29% in 2014-
15. In spite of the steep fall in edible oil prices, local de-
mand has not increased due to the surge in prices of other
commodities of daily use. According to sector sources, de-mand growth is likely to be five per cent this year.
Groundnut exports are likely to take a hit due to the strin-
gent norms of the European Union (EU) and Malaysia to
control aflatoxin levels. The two largest importers that ac-
count for 40 per cent of exports have asked Indian traders
to procure a health certificate for every consignment. The
Export Inspection Council of India (EIC), under the com-
merce ministry, is issuing certificates. This is required in ad-
dition to other certificates, including hazard analysis andcritical control points (HACCP).
Cardamom futures fell by 0.42% to Rs 798 per kg today as
traders reduced their holdings amid sluggish spot demand.
Besides, sufficient stocks holdings in the physical market
also influenced the cardamom prices. At the Multi Com-
modity Exchange, cardamom for April contract declined by
Rs 3.40, or 0.42%, to Rs 798 per kg with a business turnover
of 182 lots. The spice for delivery in March month fell by Rs
3.20, or 0.41%, to Rs 768.90 per kg with a trading volume of
367 lots. Besides profit booking by speculators at existing
levels, fall in demand in spot market also put pressure on
cardamom prices in futures market
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USD/INR
BUY USD/INR ABOVE 62.35 TGTS 62.48, 62.62 SL 62.06.
SELL USD/INR BELOW 61.96 TGTS 61.83, 61.69 SL 62.25.
EUR/INR
BUY EUR/INR ABOVE 85.61 TGTS 85.75, 85.90 SL 85.30.
SELL EUR/INR BELOW 84.98 TGTS 84.84, 84.69 SL 85.29
.
CURRENCY ROUNDUP
The Indian currency market was closed yesterday.
The greenback traded mixed to higher against most major
currencies after the Federal Reserve said in the minutes of
its January policy meeting released earlier that it should
continue tapering its monthly bond-purchasing program,
which weakens the greenback to spur recovery. In U.S. trad-
ing on Wednesday, EUR/USD was down 0.15% at 1.3738. At
its Jan. 28-29 policy meeting, the Fed voted to trim its
monthly asset purchasing program to $65 billion from $75
billion and stressed benchmark interest rates will stay at
0.00-0.25% until the unemployment rates approaches 6.5%
or even dips below that mark, depending on the health of
the economy in the context of price stability.
The unemployment rate currently stands at 6.6% thoughmany still remain out of the labor force due to fruitless job
searches, which artificially lowers the percentage headline
unemployment rate. Those out of work but not actively
seek jobs are not counted as part of the labor force. Else-
where, Fed officials were willing to overlook January's soft
jobs report and other economic indicators taking into ac-
count a string of powerful winter storms may have dis-
rupted commerce. While some hawkish member felt the
time to hike interest rates will come soon, consensus
pointed to keeping rates on hold while dismantling monthly
bond purchases, which gave the greenback some support.
The dollar was down against the yen, with USD/JPY down
0.14% at 102.22, and up against the Swiss franc, with USD/
CHF up 0.01% at 0.8881. The greenback was flat against the
pound, with GBP/USD up 0.01% at 1.6686. The dollar was
up against its cousins in Canada, Australia and New Zealand,
with USD/CAD up 1.24% at 1.1083, AUD/USD down 0.32%
at 0.8998 and NZD/USD down 0.41% at 0.8274. The dollar
index, which tracks the performance of the greenback ver-
sus a basket of six other major currencies, was up 0.21% at80.23.
CURRENCY
RBI Reference Rate
Currency Rate Currency Rate
Rupee- $ 62.1250 Yen-100 60.6000
Euro 84.7215 GBP 102.2515
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CALL REPORT
PERFORMANCE UPDATES
DateCommodity/ Currency
PairsContract Strategy Entry Level Target Stop Loss Remark
19/02/14 MCX GOLD APR. BUY 30250 30330-30430 30130 NOT EXECUTED
19/02/14 MCX GOLD APR. SELL 29950 29870-29770 30070 BOOKED PROFIT
19/02/14 MCX SILVER MAR. BUY 48050 48250-48550 47700 NOT EXECUTED
19/02/14 MCX SILVER MAR. SELL 47700 47500-47200 48050BOOKED FULL
PROFIT
19/02/14 NCDEX CASTOR SEED MAR. BUY 4205 4235-4285 4155 SL TRIGGERED
19/02/14 NCDEX CASTOR SEED MAR. SELL 4140 4110-4060 4190 NOT EXECUTED
19/02/14 NCDEX DHANIYA APR. BUY 9120 9150-9200 9070 SL TRIGGERED
19/02/14 NCDEX DHANIYA APR. SELL 9030 9000-8950 9080BOOKED FULL
PROFIT
Date ScripCASH/FUTURE/
OPTION
Strategy Entry Level Target Stop Loss Remark
19/02/14 NIFTY FUTURE BUY 6080 6120-6150 6050 NOT EXECUTED
19/02/14 ADANIENT FUTURE BUY 230 240-250 220 BOOKED PROFIT
19/02/14 ARVIND FUTURE BUY 142 148-152 140 CALL OPEN
19/02/14 SIEMENS CASH BUY 560-565 575-595 545 BOOKED PROFIT
18/02/14 M&M FUTURE BUY 940 960-980 920 CALL OPEN
18/02/14 SOMANY CERAMICS CASH BUY 140-145 150-155 135 SL TRIGGERED
17/02/14 AMTEK INDIA CASH BUY 64-65 70-75 60 CALL OPEN
14/02/14 HINDALCO FUTURE SELL 100 97-95 103 CALL OPEN
13/02/14 RPG LIFE SCIENCES CASH BUY 52-55 59-64 47 CALL OPEN
10/02/14 KRBL CASH BUY 45-46 50-54 40 CALL OPEN
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TIME
(ET)REPORT PERIOD ACTUAL CONSENSUS FORECAST PREVIOUS
MONDAY, FEB. 17
NONE SCHEDULED
TUESDAY, FEB. 18
8:30 am Empire state index Feb. 11.0 12.5
10 am Home builders' index Feb. 56 56
WEDNESDAY, FEB.19
8;30 am Producer price index Jan. 0.1% 0.4%
8:30 am Core PPI Jan. 0.2% 0.3%
8:30 am Housing starts Jan. 963,000 999,000
2 pm FOMC minutes
THURSDAY, FEB. 20
8:30 am Weekly jobless claims 2/15 N/A N/A
8:30 am Consumer price index Jan. 0.2% 0.3%
8:30 am Core CPI Jan. 0.2% 0.1%
9 am Markit flash PMI Feb. -- 53.7
10 am Philly Fed Feb. 10 9.4
10 am Leading indicators Jan. -- 0.1%
FRIDAY ,FEB 21
10 am Existing home sales Jan. 4.68 mln 4.87 mln
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