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More than Just Lines on a Map: Best Practices for U.S Bike Routes
Special report by epic research 13 january 2014
1. DAILY REPORT
13 JANUARY. 2013
Global markets at a glance
Asian share and bond markets were in a cautious mood on
Monday in the wake of surprisingly weak U.S. jobs numbers that revived speculation the Federal Reserve could
keep policy loose for longer.
Friday's soft report pulled down bond yields and the dollar,
while lifting prices for gold and many commodities. It was
also seen as beneficial for some emerging market countries that had been pressured by funds flocking to western
assets.
World Indices
Wall Street Update
Wall Street had a more muted reaction to the data, with
the Dow .DJI off 0.05 percent, while the S&P
500 .SPX gained 0.23 percent.
The S&P 500 and the Nasdaq ended modestly higher on
Friday, led by gains in defensive names after a weakerthan-expected payrolls report raised new questions about
both the strength of the economy and the aggressiveness
of Federal Reserve stimulus.
Top Gainers
Index
Value
% Change
16,437.05
-0.05
S&P 500
1,842.37
+0.23
NASDAQ
EURO STO
FTSE 100
4,174.67
3,104.15
6,739
+0.44
+0.45
+0.73
Nikkei 225
Hong Kong
15,912.05
22,890.38
+0.20
+0.19
DJl
Company
CMP
Change
% Chg
INFY
3556.00
105.20
3.05
ITC
322.60
7.00
2.22
TCS
2290.00
48.05
2.14
552.00
11.10
2.05
2625.50
38.60
1.49
CMP
Change
% Chg
403.60
98.30
288.00
462.50
872.65
-13.20
-3.20
-7.65
-12.10
-21.70
-3.17
-3.15
-2.59
-2.55
-2.43
Prev. Close
Change
%Chg
623.90
31
4.97
MCDOWELL-N
2793.00
85.40
3.15
DRDEDDY
2625.50
28.60
1.49
GATI
56.55
5.10
9.91
HCL TECH
1299
13.75
1.07
Prev. Close
Change
%Chg
CMP
Change
% Chg
6171.45
20758.49
3.10
45.12
0.05
0.22
WIPRO
DRREDDY
Top Losers
Previous day Roundup
The Sensex rose 45.12 points to close at 20,758.49, and
the Nifty gained 3.10 points at 6,171.45. Declining shares
outnumbered advancing ones by a ratio of 1491 to 1025
on the BSE. Caution in the market is also ahead of November industrial output data that will be announced . The IIP
is expected to come in at a growth of around 0.6 percent
versus a decline of 1.8 percent on a month to month basis.
It was completely a mixed picture on the first day of third
quarter earnings season
Company
INDUSINDBK
IDFC
COALINDIA
RANBAXY
M&M
Stocks at 52 Week’s high
Symbol
BFUTILITIE
Index stats
The Market was very volatile in yesterday session where
Bankex and Bank Nifty both closed almost flat
(down193.33pts–anddown –165.15pts
respectively).
Among the sartorial indices almost the sectors which were
down are; Capital Goods [down –122.58pts], AUTO [down53.45 pts], PSU [down-48.54 pts], Metals [down –
148.05pts], Power [down22.50 pts], [down-75.53 pts], and
the index advanced were Consumer Durables IT [up197.7
pts], Healthcare [up 19.22pts], FMCG [up 92.71pts] Realty
[up pts], CK [up pts]. Oil & Gas [up 49.87 pts],
Stocks at 52 Week’s Low
Symbol
--
Indian Indices
Company
NIFTY
SENSEX
YOUR MINTVISORY
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2. DAILY REPORT
13 JANUARY. 2013
EQUITY CASH & FUTURE
STOCK RECOMMENDATIONS [FUTURE]
1.TCS FUTURE
TRADING STRATEGY:
TCS FUTURE is looking strong on charts, long build up has
been seen, we may see more upside, if it sustains above
2280 levels. We advise buying above 2280 levels with strict
stop loss 2250 for the sustains above 2280 levels. We advise buying above 2280 levels with strict stop loss 2250 for
the targets of 2310-2340 levels.
2.ITC FUTURE
TRADING STRATEGY:
ITC FUTURE is looking strong on charts, long build up has
been seen, we may see more upside, if it sustains above
325 levels. We advise buying around 323-325 levels with
strict stop loss 319 for the targets of 329-334 levels.
YOUR MINTVISORY
STOCK RECOMMENDATION [CASH]
1. ECLERX SERVICES LTD
ECLERX SERVICES LTD is looking strong on charts. We advice
buying above 1115 levels with strict stoploss of 1080 for the
targets of 1140-1180 levels.
MACRO NEWS
Oil Minister M Veerappa Moily has said the government
is considering increasing the quota of subsidized LPG
cylinders to 12 per household per year. Mr Moily, who
last week said there was no proposal to increase the
quota from 9 cylinders per household to 12, on Sunday
said the final decision on the issue will be taken by the
Cabinet Committee on Political Affairs (CCPA)
The Reserve Bank of India, under Governor Raghuram
Rajan, seems to have changed its strategy when it
comes to defending the fragile rupee and managing
liquidity. The central bank, which earlier used to sell
dollars in the local markets, is now increasingly buying
the US currency in the spot market and selling it in the
forward market. The revised strategy seems to be having a bearing on the non-deliverable forwards, or NDF,
market.
the Cabinet Committee on Investment's threshold limit
by half to Rs 500 crore to get more stalled projects moving again as the government's term nears its end.
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3. DAILY REPORT
13 JANUARY. 2013
FUTURE & OPTION
STOCKS IN NEWS
Infosys' adjusted net profit rose 19.4%, higher-thanexpected, QoQ to Rs 2875 cr in Q3
Manappuram Bank of America Merrill Lynch has upgraded the stock to buy and upped target by 91% to
Rs 25/share
Larsen CLSA has an outperform rating on stock and
raises target to Rs 1,150
MSCI deletes Jubilant Food Works from Small cap
index w.e.f January 14
Goa Carbon Operations at co’s Chattisgarh plant has
temporarily shut down due to non-availability of raw
material
NIFTY FUTURE
MOST ACTIVE PUT OPTION
Symbol
Option
Type
Strike
Price
LTP
Traded
Volume
(Contracts)
Open
Interest
NIFTY
PE
6,200
91.95
4,81,281
43,80,400
NIFTY
PE
6,100
51.95
4,51,059
51,91,750
NIFTY
PE
6,000
27.50
3,07,456
55,41,500
BANK NIFTY
PE
10,500 112.00
25,517
2,39,525
SBIN
PE
1,600
44.85
5,704
2,33,000
INFY
PE
3,500
34.10
24,033
5,18,875
BANK NIFTY
PE
10,800 213.35
14,297
64,625
INFY
PE
26,648
8,47,625
3400
14.00
MOST ACTIVE CALL OPTION
Symbol
Option
Type
Strike
Price
LTP
Traded
Volume
(Contracts)
Open
Interest
NIFTY
CE
6,300
31.60
5,45,480
53,15,050
NIFTY
CE
6,400
12.20
3,39,134
49,12,750
NIFTY
CE
6,200
68.95
4,34,186
40,95,850
BANKNIFTY
CE
11,500
46.80
42,046
3,50,600
SBIN
CE
1,700
15.85
9,186
7,32,125
RELIANCE
CE
900
7.00
7,158
15,44,000
SBIN
CE
1,700
15.85
9,186
7,32,125
RELIANCE
CE
860
19.00
6,369
5,84,750
INFY
CE
3,600
42.25
28,973
6,01,125
Nifty Future closed in the red in the last trading session
after a choppy session. We buying around 6150-6160
levels with strict stop loss of 6100 for the targets of 6190
-6240 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
40292
1212.50
55266
1664.66
425906
13030.51
-452.16
INDEX OPTIONS
295953
8952.98
297903
9064.18
1151282
35345.28
-111.20
STOCK FUTURES
51552
1672.86
51245
1713.28
1003181
31418.30
-40.42
STOCK OPTIONS
44864
1477.21
45648
1518.12
70261
2270.90
-40.91
TOTAL
-644.68
INDICES
NIFTY
S2
S1
PIVOT
R1
R2
6128.41
6148.38
6168.21
6188.18
6208.01
NIFTYJUNIOR
12478.91
12541.83
12640.71
12703.63
12802.51
BANK NIFTY
10830.18
10900.31
10995.28
11065.41
11160.38
YOUR MINTVISORY
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4. DAILY REPORT
13 JANUARY. 2013
COMMODITY MCX
RECOMMENDATIONS
SILVER
COMMODITY ROUNDUP
Spot gold prices rose around 0.5 percent today ahead of the
jobs data from the US in the evening session. However, declining trend in SPDR gold holdings, mixed market sentiments along with strength in the DX capped sharp gains in
prices. In the Indian markets, prices fell by around 0.1 percent owing to Rupee appreciation.
Spot Silver prices jumped by more than 1 percent today taking cues from gains in gold prices and base metals complex.
Strength in the DX coupled with mixed market sentiments
could not cap gains in silver prices.
TRADING STRATEGY:
BUY SILVER ABOVE 45100 TGTS 45350/45700 SL 44800
SELL SILVER BELOW 44600 TGTS 44350/44000 SL 44900
GOLD
MCX Silver prices gained around 0.2 percent but Rupee
appreciation capped sharp positive movement. Base metals
pack on the LME traded on a positive note on the back of
rise in Chinese metal imports. Also, decline in LME inventories coupled with positive data from the Euro Zone acted as
supportive factors. However, strength in the DX restricted
sharp negative movement. In the Indian markets, base metals traded lower owing to Rupee appreciation
LME Copper rose by around 0.4 percent taking cues from
positive import figures from China. Also, decline in LME copper inventories for the 47thconsecutive session by 1.3 percent to 343,875 tones along acted as positive factors. In the
Indian markets, prices gained 0.1 percent.
Nymex crude oil prices gained around 1 percent today as
China, the second biggest oil consumer boosted net crude
imports to a record high of 6.31 million barrels a day in
Dec’13 as two new refineries prepared to begin operations.
MCX crude prices rose by around 0.6 percent touching an
intra-day high of Rs.5716/bbl till 4:00pm IST.
TRADING STRATEGY:
BUY GOLD ABOVE 29100 TGTS 29180/29300 SL 29000
SELL GOLD BELOW 28850 TGTS 28770/28650 SL 28950
YOUR MINTVISORY
India has exported 851.000 tons of rice to Iran, its biggest
rice importer, according to Iran Daily. Figures showed that
India's rice exports to Iran have boosted by 77 percent in
the first six months of the current Iranian year. Indian trade
sources expect the country to export 4 million tons of rice in
the current Indian fiscal year (April 2013-March 2014).
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5. DAILY REPORT
13 JANUARY. 2013
NCDEX
RECOMMENDATIONS
CASTORSEED
NCDEX INDICES
Index
Value
% Change
Castor Seed
4385
-0.34
Chana
3005
0.3
Coriander
7783
-2.11
Cotton Seed Oilcake
1545
0
12555
0.26
Maize– Feed/
Industrial Grade
1185
-0.84
Mustard seed
3578
-0.28
Soy Bean
3597
-1.65
Turmeric
6832
1.67
Turmeric
6352
+0.44
Jeera
TRADING STRATEGIES
BUY CASTORSEED FEB ABOVE 4500 TGTS 4530,4580 SL 4450
SELL CASTORSEED FEB BELOW 4395 TGTS 4365,4315 SL 4445
DHANIYA
NCDEX ROUNDUP
Jeera futures closed the day lower on weak spot market
triggered by reports of improving sowing. The NCDEX Jeera
March delivery ended the day at Rs 12,540, down Rs 25 or
0.20% over last close. Jeera slipped further at major
mandies today amid dearth of upcountry orders. Prices had
dropped in last week of December as latest reports suggested that the Jeera sowing is turning normal after
weather disturbances in Gujarat and some southern states.
Pepper futures slipped for the six trading sessions on the
back of reports of Vietnam easing the prices of new crops
and arrivals of Indian crops in the local market. The NMCE
pepper for the February delivery ended the day at Rs
51200, down Rs 250 or 0.49% over Friday's close.
TRADING STRATEGIES
BUY DHANIYA FEB ABOVE 8150 TGT 8180,8130 SL 8100
SELL DHANIYA FEB ABOVE 8050 TGT 8020,7970 SL 8100
YOUR MINTVISORY
India has exported 851.000 tons of rice to Iran, its biggest
rice importer, according to Iran Daily. Figures showed that
India's rice exports to Iran have boosted by 77 percent in
the first six months of the current Iranian year. Indian trade
sources expect the country to export 4 million tons of rice in
the current Indian fiscal year (April 2013-March 2014).
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6. DAILY REPORT
13 JANUARY. 2013
CURRENCY
RBI Reference Rate
Currency
Rate Currency
Rupee- $
61.936. Yen-100
Euro
84.3050 GBP
EUR/INR
Rate
59.0100
102.06
CURRENCY ROUNDUP
The Indian rupee strengthened to its highest against the
dollar in more than a week on Friday on bets that data will
show an improving economy and faltering inflation, boosting confidence in the country's outlook.
India is due to post industrial output later in the day, with
analysts expecting a return to modest growth, and is due to
post wholesale and consumer prices data next week amid
expectations vegetable prices have eased. That is helping
raise confidence about the economy, thus supporting foreign inflows and domestic shares, both key factors for the
rupee.
SELL EUR/INR BELOW 84.28 TGTS 84.14, 84.00 SL 84.64.
BUY EUR/INR ABOVE 84.69 TGTS 84.83, 85.01 SL 84.33.
GBP/INR
Data showing India's trade deficit widened to $10.14 billion
in December compared with $9.22 in November had little
impact given it came within expectations. If inflation data is
better than expectations and rupee breaks 61.80 levels
strongly then it could head towards 61.40 but I don't see it
breaching 61 soon The partially convertible rupee closed at
61.89/90 per dollar compared with 62.07/08 on Thursday.
The unit rose as high as 61.83, its strongest since Jan. 2.
Indian shares provisionally edged up on Friday after touching their highest intraday level in nearly a week as software
services exporters rose after Infosys Ltd's quarterly earnings
beat market expectations. In the offshore non-deliverable
forwards, the one-month contract was at 62.27 while the
three-month was at 63.
SELL GBP/INR BELOW 101.70 TGTS 101.55, 101.38 SL
102.09.
BUY GBP/INR ABOVE 102.54 TGTS 102.71, 102.91 SL
102.15.
YOUR MINTVISORY
apan and India on Friday expanded an arrangement for
swapping their local currencies against the US dollar, raising
the size to as much as USD 50 billion from the original USD
15 billion. The expanded swap arrangement, signed by Bank
of Japan Governor Haruhiko Kuroda and his Indian counterpart Raghuram Rajan, will be effective until December 2015,
the BOJ said in a statement on Friday The swap arrangement aims to counter any short-term liquidity problems the
two countries may face in future
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8. DAILY REPORT
13 JANUARY. 2013
ECONOMIC CALENDAR
NEXT WEEK'S U.S. ECONOMIC REPORTS
TIME (ET)
REPORT
PERIOD
ACTUAL
CONSENSUS FORECAST
PREVIOUS
MONDAY, JAN .13
2 PM
FEDERAL BUDGET
DEC.
--
-$1 BLN
10 am
Factory orders
Nov.
1.6%
-0.9%
TUESDAY,JAN .14
8:30 AM
RETAIL SALES
DEC.
-0.1%
0.7%
8:30 AM
RETAIL SALES EX-AUTOS
DEC.
0.4%
0.4%
8:30 AM
IMPORT PRICE INDEX
DEC.
0.5%
-0.6%
10 AM
BUSINESS INVENTORIES
NOV.
0.3%
0.7%
0.4%
-0.1%
WEDNESDAY, JAN.15
8:30 AM
PRODUCER PRICE INDEX
DEC
.
8:30 AM
CORE PPI
DEC.
0.2%
0.1%
8:30 AM
EMPIRE STATE INDEX
JAN.
4.3
1.0
THURSDAY, JAN.16
8:30 AM
WEEKLY JOBLESS CLAIMS
1/11
N/A
330,000
8:30 AM
CONSUMER PRICE INDEX
DEC.
0.3%
0.0%
8:30 AM
CORE CPI
DEC.
0.1%
0.2%
10 AM
HOME BUILDERS' INDEX
JAN.
N/A
58
10 AM
PHILLY FED
JAN.
9.4
7.0
FRIDAY, JAN.17
8:30 AM
HOUSING STARTS
DEC.
1.01 MLN
1.091 MLN
9:15 AM
INDUSTRIAL PRODUCTION
DEC.
0.2%
1.1%
9:15 AM
CAPACITY UTILIZATION
DEC.
79.0%
79.0%
9:55 AM
UMICH CONSUMER SENTIMENT INDEX
85.0
82.5
JAN.
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