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DAILY REPORT
16th
APRIL 2014
YOUR MINTVISORY Call us at +91-731-6642300
Global markets at a glance
European stocks sank on Tuesday, resuming last week's
sell-off as worries over escalating tension in Ukraine and
weak updates by bellwethers including Nestle spooked
investors. The FTSEurofirst 300 index of top European
shares ended 1 percent lower at 1,306.85 points, resuming
last week's slide during which the index lost about 3 per-
cent, before slightly bouncing back on Monday.
Asian share markets were mostly in the black on Wednes-
day after China reported economic growth a touch above
forecasts, a relief for investors who had feared a much
weaker outcome. China's economy grew 7.4 percent in the
first quarter, from a year earlier, pipping forecasts of 7.3%.
That was welcome news to many investors given forebod-
ing whispers that growth would be nearer 7% following a
string of soft numbers recently.
Wall Street Update
US stocks ended a volatile session higher on Tuesday, lifted
by gains in such blue-chip names as Coca-Cola and Johnson
& Johnson, though persistent weakness in momentum
names limited the Nasdaq's advance. The three major US
stock indexes fell for much of the session before rebound-
ing in afternoon trading. The Nasdaq moved in a 108.77-
point range, and at its lows of the day, it was within 0.3
percent of 3,934.53, the level that represents a 10 percent
drop from its recent intraday peak, hit on March 6.
The DJI average rose 89.32 points, or 0.55 percent, to end
at 16,262.56. The S&P 500 Index gained 12.37 points, or
0.68%, to finish at 1,842.98. The Nasdaq Composite Index
added 11.47 points, or 0.29 %, to close at 4,034.16.
Previous day Roundup
After a lot of struggle, the market closed on a negative
note. The Sensex was down 144.03 points at 22484.93,
and the Nifty ended down 43.20 points at 6733.10. About
1278 shares have advanced, 1415 shares declined, and 166
shares are unchanged.
Index stats
The Market was very volatile yesterday. The sartorial indi-
ces performed as follow Consumer Durables [down
88.41pts], Capital Goods [down 18.28pts], PSU [down
64.03pts], FMCG [up 18.28pts], Realty [down 46.56pts],
Power [down 13.06pts], Auto [down 125.55pts], Health-
care [down 48.93pts], IT [up 190.55 pts], Metals [up
290.66pts], TECK [up 79.69pts], Oil& Gas [down 35.39pts].
World Indices
Index Value % Change
D J l 16262.56 +0.55
S&P 500 1842.98 +0.68
NASDAQ 4034.16 +0.29
EURO STO 3091.52 -1.28
FTSE 100 6541.61 -0.64
Nikkei 225 14313.73 +2.26
Hong Kong 22774.67 +0.46
Top Gainers
Company CMP Change % Chg
MCDOWELL-N 2,854.35 297.10 +11.62
TCS 2,254.50 90.40 +4.18
WIPRO 590.50 22.40 +3.94
HEROMOTOCO 2,226.00 51.95 +2.39
HCLTECH 1425.00 24.35 +1.74
Top Losers
Company CMP Change % Chg
DLF 165.00 11.30 -6.41
HINDALCO 133.30 7.40 -5.26
JINDALSTEL 267.50 12.55 -4.48
BANKBARODA 749.20 28.65 -3.68
IDFC 119.30 4.25 -3.44
Stocks at 52 Week’s high
Symbol Prev. Close Change %Chg
AMBUJACEM 214.00 3.20 -1.47
CORMPGREAV 178.50 3.10 +1.77
DCBANK 63.00 2.25 -3.45
HDIL 74.40 3.70 -4.74
MCDOWELL-N 2854.35 297.10 +11.62
Indian Indices
Company CMP Change % Chg
NIFTY 6,733.10 -43.20 -0.64
SENSEX 22,484.93 -144.03 -0.64
Stocks at 52 Week’s Low
Symbol Prev. Close Change %Chg
DAILY REPORT
16th
APRIL 2014
YOUR MINTVISORY Call us at +91-731-6642300
STOCK RECOMMENDATIONS [FUTURE]
1. HINDACO [FUTURE]
HINDALCO FUTURE is looking weak on charts, short build up
has been seen, we may see more downside, if it sustains
above 134 levels. We advise selling around 135-134 levels
with strict stop loss 138 for the targets of 131-128 levels.
2. TCS [FUTURE]
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 2200-2240 levels
with strict stop loss 2160 for the targets of 2280-2300 lev-
els.
EQUITY CASH & FUTURE
STOCK RECOMMENDATION [CASH]
1. FRL
FRL is looking strong on charts. We advise buying around 98
-100 levels with strict stop loss of 95 for the targets of 103-
105 levels.
MACRO NEWS
TCS is set to declare its fourth quarter (January-March)
earnings on today evening.
Inflation in India rose to 5.7% in the month of March,
snapping a three-month easing trend that will give the
RBI less scope to support the economy amid fresh signs
of slowdown.
State-owned Oil and Natural Gas Corp (ONGC) and Reli-
ance Industries will appointed a common international
expert to resolve the dispute over their Krishna Godavari
basin gas fields being inter-connected,
Infosysreported a 0.4% drop in dollar revenue, below
expectations, but reported profit in line with estimates at
Rs 2,992 crore. It has increased the dividend payout. It’s
dividend payout was up to 30% until last year and it has
taken a decision to take the number to 40%. Now looking
at the guidance, ours is a momentum business.
Sales of domestic commercial vehicles declined 20.2 per
cent in 2013-14 due to the economic slowdown and
weak consumer sentiment, ICRA said in a survey. Almost
6.33 lakh vehicles, including light, medium and heavy
commercial vehicles, were sold during FY14.
DAILY REPORT
16th
APRIL 2014
YOUR MINTVISORY Call us at +91-731-6642300
FUTURE & OPTION
MOST ACTIVE PUT OPTION
Symbol Op-
tion
Type
Strike
Price
LTP Traded
Volume
(Contracts
)
Open
Interest
NIFTY PE 6,700 33 4,56,357 52,43,250
NIFTY PE 6,800 78.9 2,83,559 29,40,600
NIFTY PE 6,600 11.8 2,36,776 51,11,550
BANKNIFTY PE 12,500 117 35,024 2,39,100
INFY PE 3,200 17.9 15,501 3,55,750
MCDOWELL-N PE 2,800 9.9 10,101 3,71,500
TCS PE 2,150 14.45 4,177 1,54,625
INFY PE 3,150 10.55 3,897 76,625
MOST ACTIVE CALL OPTION
Symbol Option
Type
Strike
Price
LTP Traded
Volume
(Contracts)
Open
Interest
NIFTY CE 6,800 31.9 4,13,776 45,59,200
NIFTY CE 6,900 9.6 2,72,471 42,15,250
NIFTY CE 7,000 3.65 1,61,857 42,18,000
BANKNIFTY CE 13,000 53 50,831 5,08,450
INFY CE 3,400 13.5 21,497 7,53,375
MCDOWELL-N CE 2,900 16.2 8,803 3,91,000
TCS CE 2,300 33.75 7,378 2,84,500
INFY CE 2,000 24.85 6,387 4,16,375
FII DERIVATIVES STATISTICS
BUY OPEN INTEREST AT THE END OF THE DAYSELL
No. of
Contracts
Amount in
Crores
No. of
Contracts
Amount in
Crores
No. of
Contracts
Amount in
Crores
NET AMOUNT
INDEX FUTURES 46359 1546.98 77055 2575.52 355997 11942.68 -1028.54
INDEX OPTIONS 403507 13419.65 398937 13273.65 1534203 51507.95 146.00
STOCK FUTURES 93414 3383.70 96224 3582.91 1099313 38413.65 -199.22
STOCK OPTIONS 83291 3028.04 87060 3164.29 66536 2327.16 -136.26
TOTAL -1218.01
INDICES R2 R1 PIVOT S1 S2
NIFTY 6651.1 6692.1 6752.75 6793.75 6854.4
NIFTYJUNIOR 13346.03 13460.36 13661.18 13775.51 13976.33
BANK NIFTY 12355.83 12467.86 12649.73 12761.76 12943.63
STOCKS IN NEWS
Lupin pulls over 9,000 bottles of anti-infective Suprax
from US.
Cadila Healthcare, Zydus Pharmaceuticals to settle
patent infringement case with Depomed Inc.
Reliance Industries : Supreme Court to resume hear-
ing in KG-D6 gas case today.
Hitachi likely to pick up Thapar stake in Crompton.
Wipro gets BSE, NSE approval to merge subsidiaries
with itself.
NIFTY FUTURE
Nifty Future closed in the red in the last trading session.
We advise selling around 6750-6780 levels with strict
stop loss of 6800 for the targets of 6720-6660 levels.
DAILY REPORT
16th
APRIL 2014
YOUR MINTVISORY Call us at +91-731-6642300
RECOMMENDATIONS
SILVER
TRADING STRATEGY:
BUY SILVER(MAY) ABOVE 42440 TGTS 42640/42940 SL
42140
SELL SILVER(MAY) BELOW 42000 TGTS 41800/41500 SL
42350
GOLD
TRADING STRATEGY:
BUY GOLD(JUN) ABOVE 28650 TGTS 28730/28830 SL 28540
SELL GOLD(JUN) BELOW 28440 TGTS 28360/28260 SL 28560
COMMODITY ROUNDUP
The prices of MCX Copper have been showing vulnerability
whenever it comes near to the resistance. The day so far in
MCX has shown prices lurching downwards after testing a
high of Rs 406.2 per kg. When last checked Copper was
trading at Rs 404.65 per kg, down 0.54%. The moves have
been towards the downside bit still the range of Rs 410 and
400 per kg is maintaining in Copper. COMEX Copper May
expiry is ruling on the downside trading at $ 3.03, down 1
cent. In a major news, Glencore Xstrata plc has signed an
agreement for the sale of its entire interest in the Las Bam-
bas copper mine project to a consortium owned 62.5% by
MMG Limited, 22.5% by GUOXIN International Investment
Corporation Limited and 15.0% by CITIC Metal Co.
Tracking a weak trend in base metals in the global market
and subdued spot demand, zinc futures yesterday fell by
0.69% as participants reduced exposures. At the Multi Com-
modity Exchange, zinc for delivery in April traded lower by
85 paise, or 0.69%, to Rs 122.90 per kg, with a business
turnover of 758 lots. The metal for delivery in May fell by 80
paise, or 0.68%, to Rs 123.80 per kg in a turnover of 23 lots.
The fall in zinc prices at futures trade was mostly in tandem
with a weak trend in the entire base metals at the London
Metal Exchange on demand concern as a measure for new
credit in China, the largest metals consumer, suggested the
economy was slowing.
MCX Gold futures slumped yesterday as the global futures
slipped from a three-week high as traders booked heavy
profits after recent gains. Hopes of a strong demand for the
metal from China- the world's second largest economy did-
n't support the metal much. Gold had rallied last night amid
renewed tensions between Ukraine and Russia. However,
the metal is off these highs today, easing towards $1300 per
ounce mark. The counter quotes at $1304 per ounce, down
$24 per ounce on the day. MCX Gold futures also followed
the trend and currently trade at Rs 28618 per 10 grams,
down Rs 341 per 10 grams or 1.20% on the day. Gold had
remained supported last week. The finance leaders from
the world's 20 largest economies expressed worries that
Ukraine's crisis may fuel global economic instability, raising
concerns about potential fallout from a major escalation in
the sanctions battle between Russia and the West. We are
monitoring the economic situation in Ukraine, mindful of
any risks to economic and financial stability, the G-20 said in
its official communiqué after two days of talks .
COMMODITY MCX
DAILY REPORT
16th
APRIL 2014
YOUR MINTVISORY Call us at +91-731-6642300
RECOMMENDATIONS
DHANIYA
BUY DHANIYA MAY ABOVE 9630 TGTS 9660,9710 SL 9580
SELL DHANIYA MAY BELOW 9520 TGTS 9490,9440 SL 9570
GUARSEED
BUY GUARSEED MAY ABOVE 4980 TGTS 5010,5060 SL
4930
SELL GUARSEED MAY BELOW 4840 TGTS 4810,4760 SL
4890
NCDEX
NCDEX INDICES
Index Value % Change
Castor Seed 3952 +0.13
Chana 3015 +2.79
Coriander 9384 -0.47
Cotton Seed Oilcake 1468 -0.07
Jeera 4640 +3.13
Maize– Feed/Industrial
Grade
9790 +0.61
Mustard seed 3397 +0.50
Soy Bean 4465 -0.11
Turmeric 6252 +4.00
NCDEX ROUNDUP
Since the schedule for the Lok Sabha elections was an-
nounced in the first week of March, agricultural commodi-
ties have been on a downward spiral. The reasons include
caution on the movement of cash, fear of action on essen-
tial commodities to control food inflation if a Bharatiya
Janata Party (BJP)-led government comes to power and an
increase in arrival of rabi crop commodities.
Selling is likely to continue in castor seed futures due to
strong arrivals in local mandies coupled with limited de-
mand by castor oil traders. The NCDEX futures are likely to
scale new lows in the near term. The total daily arrivals of
castor seed in all the major mandies have been increased
from the level of 1 -1.20 lakh bags to 2 lakh bags due to
strong supplies from Gujarat and Rajasthan mandies. The
spot prices of castor seed have also been declined by Rs 40
per quintal in the last trading to close at Rs 3500-3650 per
quintal. The NCDEX May Castor oil prices declined 0.65% in
the last trading to close at Rs 3984 per quintal. The NCDEX
futures pared 0.45% in open interest indicating selling by
traders. Technically, prices are likely to encounter fresh sell-
ing from 4040-4060 levels, while supports are likely at 3920-
3940 levels in the near term.
DAILY REPORT
16th
APRIL 2014
YOUR MINTVISORY Call us at +91-731-6642300
JPY/INR
SELL JPY-INR BELOW 59.18 TGTS 59.05, 58.90 SL 59.43.
BUY JPY-INR ABOVE 59.64 TGTS 59.77, 59.92 SL 59.39.
GBP/INR
SELL GBP-INR BELOW 100.90 TGTS 100.76, 100.61SL
101.15.
BUY GBP-INR ABOVE 101.40 TGTS 101.54 101.69 SL 101.15.
CURRENCY ROUNDUP
The Indian rupee weakened for the fourth session in five on
Tuesday as shares retreated on worries that a recent record
-setting rally may have gone too far, although bunched up
dollar inflows continued to provide some support. Foreign
institutional investors, who have pumped in $4.8 billion into
equities so far this year, became net sellers worth 3.63 bil-
lion rupees ($60.3 million) on Friday for the first time since
March 10. Whether the rupee can sustain gains will likely
depend a large degree on foreign flows, although for now
analysts expect the currency to trade in a range.
The partially convertible rupee closed at 60.23/24 per dollar
on Tuesday, compared with its Friday's close of
60.1750/1850. Investors in India are looking forward to
elections set to conclude next May. Standard and Poor's
said on Tuesday the direction and pace of policy reforms,
more than which political party takes control after elec-
tions, will have a bearing on the sovereign rating. In the off-
shore non-deliverable forwards, the one-month contract
was at 60.70 while the three-month was at 61.47.
The dollar firmed against most major currencies on Tuesday
after better-than-expected U.S. inflation rates hit the wire,
though soft data out of the housing sector capped the
greenback's gains. In U.S. trading on Tuesday, EUR/USD was
down 0.07% at 1.3812. The Labor Department reported ear-
lier that the U.S. consumer price index rose 0.2% in March,
exceeding expectations for a 0.1% gain, after a 0.1% uptick
the previous month. The on-year rate rose 1.5% in March,
beating estimates for a 1.4% gain though still below the
Fed's 2% target.
The dollar was flat against the yen, with USD/JPY unchanged
at 101.85, and up against the Swiss franc, with USD/CHF up
0.07% at 0.8804. The greenback was up against the pound,
with GBP/USD down 0.04% at 1.6722. Data released earlier
revealed that the U.K. consumer price index rose 0.2% in
March, in line with expectations, after a 0.5% increase the
previous month.
CURRENCY
RBI Reference Rate
Currency Rate Currency Rate
Rupee- $ 60.2620 Yen-100 59.1400
Euro 83.2700 GBP 100.7099
DAILY REPORT
16th
APRIL 2014
YOUR MINTVISORY Call us at +91-731-6642300
CALL REPORT
PERFORMANCE UPDATES
Date
Commodity/ Currency
Pairs
Contract Strategy Entry Level Target Stop Loss Remark
15/04/14 MCX GOLD JUNE BUY 28990 29070-29170 28880 NOT EXECUTED
15/04/14 MCX GOLD JUNE SELL 28790 28710-28610 28900
BOOOKED FULL
PROFIT
15/04/14 MCX SILVER MAY BUY 43460 43660-43960 43160 NOT EXECUTED
15/04/14 MCX SILVER MAY SELL 42920 42720-42420 43220
BOOOKED FULL
PROFIT
15/04/14 NCDEX GUARSEED MAY BUY 4770 4800-4850 4720
BOOOKED FULL
PROFIT
15/04/14 NCDEX GUARSEED MAY SELL 4700 4670-4620 4750 NOT EXECUTED
15/04/14 NCDEX DHANIYA MAY BUY 9665 9695-9745 9615 BOOOKED PROFIT
15/04/14 NCDEX DHANIYA MAY SELL 9550 9520-9470 9600 BOOOKED PROFIT
15/04/14 EUR/INR APR. BUY 84.12 84.25-84.40 83.87 NOT EXECUTED
15/04/14 EUR/INR APR. SELL 83.80 83.67-83.52 84.05 NOT EXECUTED
15/04/14 GBP/INR APR. SELL 100.89 100.76-100.61 101.14 BOOOKED PROFIT
15/04/14 GBP/INR APR. BUY 101.62 101.75-101.90 101.37 NOT EXECUTED
Date Scrip
CASH/
FUTURE/
OPTION
Strategy Entry Level Target Stop Loss Remark
15/04/14 NIFTY FUTURE BUY
6800-
6820
6860-6890 6750 SL TRIGGERED
15/04/14 HCLTECH FUTURE BUY
1400-
1410
1425-1440 1380 BOOKED PROFIT
15/04/14 INDUSIND BANK FUTURE SELL 500-495 480-460 520 CALL OPEN
15/04/14 GUJRAT GAS CASH BUY 370-380 400-425 350 CALL OPEN
11/04/14 NIFTY FUTURE BUY
6800-
6820
6860-6890 6750
BOOOKED FULL
PROFIT
11/04/14 TATAPOWER FUTURE BUY 87-88 90-92 85 SL TRIGGERED
11/04/14 AUROPHARMA FUTURE SELL 555-550 540-535 565 SL TRIGGERED
10/04/14 YES BANK FUTURE BUY 445-450 465-485 430 SL TRIGGERED
DAILY REPORT
16th
APRIL 2014
YOUR MINTVISORY Call us at +91-731-6642300
NEXT WEEK'S U.S. ECONOMIC REPORTS
ECONOMIC CALENDAR
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 invest-
ment decision. The report does not provide individually tailor-made investment advice. Epic research recommends that investors independently evaluate particular invest-
ments 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 ex-
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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.
Disclaimer
TIME (ET) REPORT PERIOD ACTUAL CONSENSUS FORECAST PREVIOUS
MONDAY, APRIL 14
8:30 am Retail sales March 0.7% 0.3%
8:30 am Retail sales ex-autos March 0.4% 0.3%
10 am Business inventories Feb. 0.5% 0.4%
TUESDAY, APRIL 15
8:30 am Consumer price index March 0.1% 0.1%
8:30 am Core CPI March 0.1% 0.1%
8:30 am Empire state index April 7.8 5.6
10 am Home builders' index April 50 47
WEDNESDAY, APRIL 16
8:30 am Housing starts March 970,000 907,000
9:15 am Industrial production March 0.3% 0.6%
9:15 am Capacity utilization March 78.6% 78.4%
2 pm Beige Book --
THURSDAY, APRIL 17
8:30 am Jobless claims 4/17 N/A N/A
10 am Philly Fed April 9.5 9.0
FRIDAY, APRIL 18
10 am Leading indicators March -- 0.5%

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Stock market special report by epic research 16th april 2014

  • 1. DAILY REPORT 16th APRIL 2014 YOUR MINTVISORY Call us at +91-731-6642300 Global markets at a glance European stocks sank on Tuesday, resuming last week's sell-off as worries over escalating tension in Ukraine and weak updates by bellwethers including Nestle spooked investors. The FTSEurofirst 300 index of top European shares ended 1 percent lower at 1,306.85 points, resuming last week's slide during which the index lost about 3 per- cent, before slightly bouncing back on Monday. Asian share markets were mostly in the black on Wednes- day after China reported economic growth a touch above forecasts, a relief for investors who had feared a much weaker outcome. China's economy grew 7.4 percent in the first quarter, from a year earlier, pipping forecasts of 7.3%. That was welcome news to many investors given forebod- ing whispers that growth would be nearer 7% following a string of soft numbers recently. Wall Street Update US stocks ended a volatile session higher on Tuesday, lifted by gains in such blue-chip names as Coca-Cola and Johnson & Johnson, though persistent weakness in momentum names limited the Nasdaq's advance. The three major US stock indexes fell for much of the session before rebound- ing in afternoon trading. The Nasdaq moved in a 108.77- point range, and at its lows of the day, it was within 0.3 percent of 3,934.53, the level that represents a 10 percent drop from its recent intraday peak, hit on March 6. The DJI average rose 89.32 points, or 0.55 percent, to end at 16,262.56. The S&P 500 Index gained 12.37 points, or 0.68%, to finish at 1,842.98. The Nasdaq Composite Index added 11.47 points, or 0.29 %, to close at 4,034.16. Previous day Roundup After a lot of struggle, the market closed on a negative note. The Sensex was down 144.03 points at 22484.93, and the Nifty ended down 43.20 points at 6733.10. About 1278 shares have advanced, 1415 shares declined, and 166 shares are unchanged. Index stats The Market was very volatile yesterday. The sartorial indi- ces performed as follow Consumer Durables [down 88.41pts], Capital Goods [down 18.28pts], PSU [down 64.03pts], FMCG [up 18.28pts], Realty [down 46.56pts], Power [down 13.06pts], Auto [down 125.55pts], Health- care [down 48.93pts], IT [up 190.55 pts], Metals [up 290.66pts], TECK [up 79.69pts], Oil& Gas [down 35.39pts]. World Indices Index Value % Change D J l 16262.56 +0.55 S&P 500 1842.98 +0.68 NASDAQ 4034.16 +0.29 EURO STO 3091.52 -1.28 FTSE 100 6541.61 -0.64 Nikkei 225 14313.73 +2.26 Hong Kong 22774.67 +0.46 Top Gainers Company CMP Change % Chg MCDOWELL-N 2,854.35 297.10 +11.62 TCS 2,254.50 90.40 +4.18 WIPRO 590.50 22.40 +3.94 HEROMOTOCO 2,226.00 51.95 +2.39 HCLTECH 1425.00 24.35 +1.74 Top Losers Company CMP Change % Chg DLF 165.00 11.30 -6.41 HINDALCO 133.30 7.40 -5.26 JINDALSTEL 267.50 12.55 -4.48 BANKBARODA 749.20 28.65 -3.68 IDFC 119.30 4.25 -3.44 Stocks at 52 Week’s high Symbol Prev. Close Change %Chg AMBUJACEM 214.00 3.20 -1.47 CORMPGREAV 178.50 3.10 +1.77 DCBANK 63.00 2.25 -3.45 HDIL 74.40 3.70 -4.74 MCDOWELL-N 2854.35 297.10 +11.62 Indian Indices Company CMP Change % Chg NIFTY 6,733.10 -43.20 -0.64 SENSEX 22,484.93 -144.03 -0.64 Stocks at 52 Week’s Low Symbol Prev. Close Change %Chg
  • 2. DAILY REPORT 16th APRIL 2014 YOUR MINTVISORY Call us at +91-731-6642300 STOCK RECOMMENDATIONS [FUTURE] 1. HINDACO [FUTURE] HINDALCO FUTURE is looking weak on charts, short build up has been seen, we may see more downside, if it sustains above 134 levels. We advise selling around 135-134 levels with strict stop loss 138 for the targets of 131-128 levels. 2. TCS [FUTURE] 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 2200-2240 levels with strict stop loss 2160 for the targets of 2280-2300 lev- els. EQUITY CASH & FUTURE STOCK RECOMMENDATION [CASH] 1. FRL FRL is looking strong on charts. We advise buying around 98 -100 levels with strict stop loss of 95 for the targets of 103- 105 levels. MACRO NEWS TCS is set to declare its fourth quarter (January-March) earnings on today evening. Inflation in India rose to 5.7% in the month of March, snapping a three-month easing trend that will give the RBI less scope to support the economy amid fresh signs of slowdown. State-owned Oil and Natural Gas Corp (ONGC) and Reli- ance Industries will appointed a common international expert to resolve the dispute over their Krishna Godavari basin gas fields being inter-connected, Infosysreported a 0.4% drop in dollar revenue, below expectations, but reported profit in line with estimates at Rs 2,992 crore. It has increased the dividend payout. It’s dividend payout was up to 30% until last year and it has taken a decision to take the number to 40%. Now looking at the guidance, ours is a momentum business. Sales of domestic commercial vehicles declined 20.2 per cent in 2013-14 due to the economic slowdown and weak consumer sentiment, ICRA said in a survey. Almost 6.33 lakh vehicles, including light, medium and heavy commercial vehicles, were sold during FY14.
  • 3. DAILY REPORT 16th APRIL 2014 YOUR MINTVISORY Call us at +91-731-6642300 FUTURE & OPTION MOST ACTIVE PUT OPTION Symbol Op- tion Type Strike Price LTP Traded Volume (Contracts ) Open Interest NIFTY PE 6,700 33 4,56,357 52,43,250 NIFTY PE 6,800 78.9 2,83,559 29,40,600 NIFTY PE 6,600 11.8 2,36,776 51,11,550 BANKNIFTY PE 12,500 117 35,024 2,39,100 INFY PE 3,200 17.9 15,501 3,55,750 MCDOWELL-N PE 2,800 9.9 10,101 3,71,500 TCS PE 2,150 14.45 4,177 1,54,625 INFY PE 3,150 10.55 3,897 76,625 MOST ACTIVE CALL OPTION Symbol Option Type Strike Price LTP Traded Volume (Contracts) Open Interest NIFTY CE 6,800 31.9 4,13,776 45,59,200 NIFTY CE 6,900 9.6 2,72,471 42,15,250 NIFTY CE 7,000 3.65 1,61,857 42,18,000 BANKNIFTY CE 13,000 53 50,831 5,08,450 INFY CE 3,400 13.5 21,497 7,53,375 MCDOWELL-N CE 2,900 16.2 8,803 3,91,000 TCS CE 2,300 33.75 7,378 2,84,500 INFY CE 2,000 24.85 6,387 4,16,375 FII DERIVATIVES STATISTICS BUY OPEN INTEREST AT THE END OF THE DAYSELL No. of Contracts Amount in Crores No. of Contracts Amount in Crores No. of Contracts Amount in Crores NET AMOUNT INDEX FUTURES 46359 1546.98 77055 2575.52 355997 11942.68 -1028.54 INDEX OPTIONS 403507 13419.65 398937 13273.65 1534203 51507.95 146.00 STOCK FUTURES 93414 3383.70 96224 3582.91 1099313 38413.65 -199.22 STOCK OPTIONS 83291 3028.04 87060 3164.29 66536 2327.16 -136.26 TOTAL -1218.01 INDICES R2 R1 PIVOT S1 S2 NIFTY 6651.1 6692.1 6752.75 6793.75 6854.4 NIFTYJUNIOR 13346.03 13460.36 13661.18 13775.51 13976.33 BANK NIFTY 12355.83 12467.86 12649.73 12761.76 12943.63 STOCKS IN NEWS Lupin pulls over 9,000 bottles of anti-infective Suprax from US. Cadila Healthcare, Zydus Pharmaceuticals to settle patent infringement case with Depomed Inc. Reliance Industries : Supreme Court to resume hear- ing in KG-D6 gas case today. Hitachi likely to pick up Thapar stake in Crompton. Wipro gets BSE, NSE approval to merge subsidiaries with itself. NIFTY FUTURE Nifty Future closed in the red in the last trading session. We advise selling around 6750-6780 levels with strict stop loss of 6800 for the targets of 6720-6660 levels.
  • 4. DAILY REPORT 16th APRIL 2014 YOUR MINTVISORY Call us at +91-731-6642300 RECOMMENDATIONS SILVER TRADING STRATEGY: BUY SILVER(MAY) ABOVE 42440 TGTS 42640/42940 SL 42140 SELL SILVER(MAY) BELOW 42000 TGTS 41800/41500 SL 42350 GOLD TRADING STRATEGY: BUY GOLD(JUN) ABOVE 28650 TGTS 28730/28830 SL 28540 SELL GOLD(JUN) BELOW 28440 TGTS 28360/28260 SL 28560 COMMODITY ROUNDUP The prices of MCX Copper have been showing vulnerability whenever it comes near to the resistance. The day so far in MCX has shown prices lurching downwards after testing a high of Rs 406.2 per kg. When last checked Copper was trading at Rs 404.65 per kg, down 0.54%. The moves have been towards the downside bit still the range of Rs 410 and 400 per kg is maintaining in Copper. COMEX Copper May expiry is ruling on the downside trading at $ 3.03, down 1 cent. In a major news, Glencore Xstrata plc has signed an agreement for the sale of its entire interest in the Las Bam- bas copper mine project to a consortium owned 62.5% by MMG Limited, 22.5% by GUOXIN International Investment Corporation Limited and 15.0% by CITIC Metal Co. Tracking a weak trend in base metals in the global market and subdued spot demand, zinc futures yesterday fell by 0.69% as participants reduced exposures. At the Multi Com- modity Exchange, zinc for delivery in April traded lower by 85 paise, or 0.69%, to Rs 122.90 per kg, with a business turnover of 758 lots. The metal for delivery in May fell by 80 paise, or 0.68%, to Rs 123.80 per kg in a turnover of 23 lots. The fall in zinc prices at futures trade was mostly in tandem with a weak trend in the entire base metals at the London Metal Exchange on demand concern as a measure for new credit in China, the largest metals consumer, suggested the economy was slowing. MCX Gold futures slumped yesterday as the global futures slipped from a three-week high as traders booked heavy profits after recent gains. Hopes of a strong demand for the metal from China- the world's second largest economy did- n't support the metal much. Gold had rallied last night amid renewed tensions between Ukraine and Russia. However, the metal is off these highs today, easing towards $1300 per ounce mark. The counter quotes at $1304 per ounce, down $24 per ounce on the day. MCX Gold futures also followed the trend and currently trade at Rs 28618 per 10 grams, down Rs 341 per 10 grams or 1.20% on the day. Gold had remained supported last week. The finance leaders from the world's 20 largest economies expressed worries that Ukraine's crisis may fuel global economic instability, raising concerns about potential fallout from a major escalation in the sanctions battle between Russia and the West. We are monitoring the economic situation in Ukraine, mindful of any risks to economic and financial stability, the G-20 said in its official communiqué after two days of talks . COMMODITY MCX
  • 5. DAILY REPORT 16th APRIL 2014 YOUR MINTVISORY Call us at +91-731-6642300 RECOMMENDATIONS DHANIYA BUY DHANIYA MAY ABOVE 9630 TGTS 9660,9710 SL 9580 SELL DHANIYA MAY BELOW 9520 TGTS 9490,9440 SL 9570 GUARSEED BUY GUARSEED MAY ABOVE 4980 TGTS 5010,5060 SL 4930 SELL GUARSEED MAY BELOW 4840 TGTS 4810,4760 SL 4890 NCDEX NCDEX INDICES Index Value % Change Castor Seed 3952 +0.13 Chana 3015 +2.79 Coriander 9384 -0.47 Cotton Seed Oilcake 1468 -0.07 Jeera 4640 +3.13 Maize– Feed/Industrial Grade 9790 +0.61 Mustard seed 3397 +0.50 Soy Bean 4465 -0.11 Turmeric 6252 +4.00 NCDEX ROUNDUP Since the schedule for the Lok Sabha elections was an- nounced in the first week of March, agricultural commodi- ties have been on a downward spiral. The reasons include caution on the movement of cash, fear of action on essen- tial commodities to control food inflation if a Bharatiya Janata Party (BJP)-led government comes to power and an increase in arrival of rabi crop commodities. Selling is likely to continue in castor seed futures due to strong arrivals in local mandies coupled with limited de- mand by castor oil traders. The NCDEX futures are likely to scale new lows in the near term. The total daily arrivals of castor seed in all the major mandies have been increased from the level of 1 -1.20 lakh bags to 2 lakh bags due to strong supplies from Gujarat and Rajasthan mandies. The spot prices of castor seed have also been declined by Rs 40 per quintal in the last trading to close at Rs 3500-3650 per quintal. The NCDEX May Castor oil prices declined 0.65% in the last trading to close at Rs 3984 per quintal. The NCDEX futures pared 0.45% in open interest indicating selling by traders. Technically, prices are likely to encounter fresh sell- ing from 4040-4060 levels, while supports are likely at 3920- 3940 levels in the near term.
  • 6. DAILY REPORT 16th APRIL 2014 YOUR MINTVISORY Call us at +91-731-6642300 JPY/INR SELL JPY-INR BELOW 59.18 TGTS 59.05, 58.90 SL 59.43. BUY JPY-INR ABOVE 59.64 TGTS 59.77, 59.92 SL 59.39. GBP/INR SELL GBP-INR BELOW 100.90 TGTS 100.76, 100.61SL 101.15. BUY GBP-INR ABOVE 101.40 TGTS 101.54 101.69 SL 101.15. CURRENCY ROUNDUP The Indian rupee weakened for the fourth session in five on Tuesday as shares retreated on worries that a recent record -setting rally may have gone too far, although bunched up dollar inflows continued to provide some support. Foreign institutional investors, who have pumped in $4.8 billion into equities so far this year, became net sellers worth 3.63 bil- lion rupees ($60.3 million) on Friday for the first time since March 10. Whether the rupee can sustain gains will likely depend a large degree on foreign flows, although for now analysts expect the currency to trade in a range. The partially convertible rupee closed at 60.23/24 per dollar on Tuesday, compared with its Friday's close of 60.1750/1850. Investors in India are looking forward to elections set to conclude next May. Standard and Poor's said on Tuesday the direction and pace of policy reforms, more than which political party takes control after elec- tions, will have a bearing on the sovereign rating. In the off- shore non-deliverable forwards, the one-month contract was at 60.70 while the three-month was at 61.47. The dollar firmed against most major currencies on Tuesday after better-than-expected U.S. inflation rates hit the wire, though soft data out of the housing sector capped the greenback's gains. In U.S. trading on Tuesday, EUR/USD was down 0.07% at 1.3812. The Labor Department reported ear- lier that the U.S. consumer price index rose 0.2% in March, exceeding expectations for a 0.1% gain, after a 0.1% uptick the previous month. The on-year rate rose 1.5% in March, beating estimates for a 1.4% gain though still below the Fed's 2% target. The dollar was flat against the yen, with USD/JPY unchanged at 101.85, and up against the Swiss franc, with USD/CHF up 0.07% at 0.8804. The greenback was up against the pound, with GBP/USD down 0.04% at 1.6722. Data released earlier revealed that the U.K. consumer price index rose 0.2% in March, in line with expectations, after a 0.5% increase the previous month. CURRENCY RBI Reference Rate Currency Rate Currency Rate Rupee- $ 60.2620 Yen-100 59.1400 Euro 83.2700 GBP 100.7099
  • 7. DAILY REPORT 16th APRIL 2014 YOUR MINTVISORY Call us at +91-731-6642300 CALL REPORT PERFORMANCE UPDATES Date Commodity/ Currency Pairs Contract Strategy Entry Level Target Stop Loss Remark 15/04/14 MCX GOLD JUNE BUY 28990 29070-29170 28880 NOT EXECUTED 15/04/14 MCX GOLD JUNE SELL 28790 28710-28610 28900 BOOOKED FULL PROFIT 15/04/14 MCX SILVER MAY BUY 43460 43660-43960 43160 NOT EXECUTED 15/04/14 MCX SILVER MAY SELL 42920 42720-42420 43220 BOOOKED FULL PROFIT 15/04/14 NCDEX GUARSEED MAY BUY 4770 4800-4850 4720 BOOOKED FULL PROFIT 15/04/14 NCDEX GUARSEED MAY SELL 4700 4670-4620 4750 NOT EXECUTED 15/04/14 NCDEX DHANIYA MAY BUY 9665 9695-9745 9615 BOOOKED PROFIT 15/04/14 NCDEX DHANIYA MAY SELL 9550 9520-9470 9600 BOOOKED PROFIT 15/04/14 EUR/INR APR. BUY 84.12 84.25-84.40 83.87 NOT EXECUTED 15/04/14 EUR/INR APR. SELL 83.80 83.67-83.52 84.05 NOT EXECUTED 15/04/14 GBP/INR APR. SELL 100.89 100.76-100.61 101.14 BOOOKED PROFIT 15/04/14 GBP/INR APR. BUY 101.62 101.75-101.90 101.37 NOT EXECUTED Date Scrip CASH/ FUTURE/ OPTION Strategy Entry Level Target Stop Loss Remark 15/04/14 NIFTY FUTURE BUY 6800- 6820 6860-6890 6750 SL TRIGGERED 15/04/14 HCLTECH FUTURE BUY 1400- 1410 1425-1440 1380 BOOKED PROFIT 15/04/14 INDUSIND BANK FUTURE SELL 500-495 480-460 520 CALL OPEN 15/04/14 GUJRAT GAS CASH BUY 370-380 400-425 350 CALL OPEN 11/04/14 NIFTY FUTURE BUY 6800- 6820 6860-6890 6750 BOOOKED FULL PROFIT 11/04/14 TATAPOWER FUTURE BUY 87-88 90-92 85 SL TRIGGERED 11/04/14 AUROPHARMA FUTURE SELL 555-550 540-535 565 SL TRIGGERED 10/04/14 YES BANK FUTURE BUY 445-450 465-485 430 SL TRIGGERED
  • 8. DAILY REPORT 16th APRIL 2014 YOUR MINTVISORY Call us at +91-731-6642300 NEXT WEEK'S U.S. ECONOMIC REPORTS ECONOMIC CALENDAR 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 invest- ment decision. The report does not provide individually tailor-made investment advice. Epic research recommends that investors independently evaluate particular invest- ments 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 ex- pressed 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. Disclaimer TIME (ET) REPORT PERIOD ACTUAL CONSENSUS FORECAST PREVIOUS MONDAY, APRIL 14 8:30 am Retail sales March 0.7% 0.3% 8:30 am Retail sales ex-autos March 0.4% 0.3% 10 am Business inventories Feb. 0.5% 0.4% TUESDAY, APRIL 15 8:30 am Consumer price index March 0.1% 0.1% 8:30 am Core CPI March 0.1% 0.1% 8:30 am Empire state index April 7.8 5.6 10 am Home builders' index April 50 47 WEDNESDAY, APRIL 16 8:30 am Housing starts March 970,000 907,000 9:15 am Industrial production March 0.3% 0.6% 9:15 am Capacity utilization March 78.6% 78.4% 2 pm Beige Book -- THURSDAY, APRIL 17 8:30 am Jobless claims 4/17 N/A N/A 10 am Philly Fed April 9.5 9.0 FRIDAY, APRIL 18 10 am Leading indicators March -- 0.5%