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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

Call us at +91-731-6642300
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.

Call us at +91-731-6642300
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

Call us at +91-731-6642300
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).

Call us at +91-731-6642300
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).

Call us at +91-731-6642300
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

Call us at +91-731-6642300
DAILY REPORT
13 JANUARY. 2013

CALL REPORT
PERFORMANCE UPDATES
Date

Commodity/ Currency
Pairs

Contract

Strategy

Entry Level

Target

Stop Loss

Remark

10/01/14

MCX GOLD

FEB.

BUY

28900

28980-29080

28780

BOOKED FULL PROFIT

10/01/14

MCX GOLD

FEB.

SELL

28690

28610-28510

28800

NOT EXECUTED

10/01/14

MCX SILVER

MAR.

BUY

44260

44460-44760

43860

BOOKED FULL PROFIT

10/01/14

MCX SILVER

MAR.

SELL

43650

43450-43150

44050

NOT EXECUTED

10/01/14

NCDEX CASTOR SEED

JAN.

BUY

4500

4530-4580

4450

NOT EXECUTED

10/01/14

NCDEX CASTOR SEED

JAN.

SELL

4410

4380-4330

4460

SL TRIGGEDED

10/01/14

NCDEX DHANIYA

JAN.

BUY

8350

8380-8430

8300

NOT EXECUTED

10/01/14

NCDEX DHANIYA

JAN.

SELL

8110

8080-8030

8160

BOOKED FULL PROFIT

10/01/14

USD/INR

JAN.

SELL

62.15

62.02-61.89

62.51

BOOKED PROFIT

10/01/14

USD/INR

JAN.

BUY

62.47

62.61-62.79

62.12

NOT EXEXCUTED

10/01/14

JPY/INR

JAN.

SELL

59.21

59.08-58.90

59.56

BOOKED PROFIT

10/01/14

JPY/INR

JAN.

BUY

56.67

59.82-60.01

59.32

NOT EXECUTED

Date

Scrip

CASH/
FUTURE/
OPTION

Strategy

Entry Level

Target

Stop Loss

Remark

10/01/14

NIFTY

FUTURE

BUY

6150

6200-6250

6100

BOOKED FULL PROFIT

09/01/14

NIFTY

FUTURE

SELL

6170

6140-6120

6200

SL TRIGGRED

07/01/14

NIFTY

FUTURE

SELL

6200

6150-6110

6250

SL TRIGGRED

10/01/14

SUNPHARMA

FUTURE

BUY

610

620-630

600

CALL OPEN

08/01/14

TATASTEEL

FUTURE

SELL

395-400

388-382

408

BOOKED PROFIT

10/01/14

MUTHOOTFIN

CASH

BUY

130

137-145

123

BOOKED FULL PROFIT

09/01/14

GRAVITA

CASH

BUY

46

50-54

41

CALL OPEN

YOUR MINTVISORY

Call us at +91-731-6642300
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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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 Call us at +91-731-6642300
  • 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. Call us at +91-731-6642300
  • 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 Call us at +91-731-6642300
  • 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). Call us at +91-731-6642300
  • 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). Call us at +91-731-6642300
  • 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 Call us at +91-731-6642300
  • 7. DAILY REPORT 13 JANUARY. 2013 CALL REPORT PERFORMANCE UPDATES Date Commodity/ Currency Pairs Contract Strategy Entry Level Target Stop Loss Remark 10/01/14 MCX GOLD FEB. BUY 28900 28980-29080 28780 BOOKED FULL PROFIT 10/01/14 MCX GOLD FEB. SELL 28690 28610-28510 28800 NOT EXECUTED 10/01/14 MCX SILVER MAR. BUY 44260 44460-44760 43860 BOOKED FULL PROFIT 10/01/14 MCX SILVER MAR. SELL 43650 43450-43150 44050 NOT EXECUTED 10/01/14 NCDEX CASTOR SEED JAN. BUY 4500 4530-4580 4450 NOT EXECUTED 10/01/14 NCDEX CASTOR SEED JAN. SELL 4410 4380-4330 4460 SL TRIGGEDED 10/01/14 NCDEX DHANIYA JAN. BUY 8350 8380-8430 8300 NOT EXECUTED 10/01/14 NCDEX DHANIYA JAN. SELL 8110 8080-8030 8160 BOOKED FULL PROFIT 10/01/14 USD/INR JAN. SELL 62.15 62.02-61.89 62.51 BOOKED PROFIT 10/01/14 USD/INR JAN. BUY 62.47 62.61-62.79 62.12 NOT EXEXCUTED 10/01/14 JPY/INR JAN. SELL 59.21 59.08-58.90 59.56 BOOKED PROFIT 10/01/14 JPY/INR JAN. BUY 56.67 59.82-60.01 59.32 NOT EXECUTED Date Scrip CASH/ FUTURE/ OPTION Strategy Entry Level Target Stop Loss Remark 10/01/14 NIFTY FUTURE BUY 6150 6200-6250 6100 BOOKED FULL PROFIT 09/01/14 NIFTY FUTURE SELL 6170 6140-6120 6200 SL TRIGGRED 07/01/14 NIFTY FUTURE SELL 6200 6150-6110 6250 SL TRIGGRED 10/01/14 SUNPHARMA FUTURE BUY 610 620-630 600 CALL OPEN 08/01/14 TATASTEEL FUTURE SELL 395-400 388-382 408 BOOKED PROFIT 10/01/14 MUTHOOTFIN CASH BUY 130 137-145 123 BOOKED FULL PROFIT 09/01/14 GRAVITA CASH BUY 46 50-54 41 CALL OPEN YOUR MINTVISORY Call us at +91-731-6642300
  • 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. 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