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DAILY REPORT
28st JANUARY. 2014

Global markets at a glance
Asian equity markets stabilized on Tuesday following two
straight sessions of sharp losses but caution prevailed
ahead of a Federal Reserve meeting and turmoil in emerging markets. China's Shanghai Composite rose 0.25 percent
or 5.16 points at 2,038.46. Hong Kong's Hang Seng was
down 0.10 percent or 22.82 points at 21,953.28. Japan's
Nikkei gained 0.22 percent or 33.01 points at 15,038.74.
Singapore's Straits Times was flat at 3,039.74 while South
Korea's Seoul Composite was up 0.15 percent or 2.89
points at 1,913.23.

World Indices

The pan-European FTSEurofirst 300 index closed down by
0.8 percent at 1,290.62 points, its lowest level in more
than a month. The euro zone's blue-chip Euro STOXX 50
index fell 0.5 percent to 3,014.62 points.

Top Gainers

Wall Street Update
U.S. stocks extended recent losses on Monday, with the
S&P 500 falling for a third straight session as concern grew
about the Federal Reserve's plans for withdrawing stimulus. The losses, which picked up late in the session after
the S&P 500 briefly traded in positive territory, followed a
steep selloff late last week tied to emerging market concerns. The slide gave the S&P 500 its worst weekly percentage loss since June 2012
Previous day Roundup
It was a dismal trading day at the Dalal Street as market
was butchered on weak global cues, ahead of RBI policy
scheduled on January 28. The Sensex lost 426.11 points or
2 percent at 20707.45, and the Nifty fell 130.90 points or
2.09 percent to end at 6135.85. About 632 shares advanced, 1933 shares declined, and 193 shares were unchanged.
Index stats
The Market was very down in yesterday session where
Bank and Bank Nifty both closed almost flat (down-3.97%
and down-4.02% . respectively). Among the sartorial indices the sectors which were down are;], Capital Good
[down-259.87 pts], Consumer Durables [down-106.17 pts],
.Healthcare [down-91.65 pts], FMCG [down-11.82pts]
AUTO [down –397.76 pts], PSU [down154.71 –pts], TECK
[down-60.69pts], Oil & Gas [down--205.20pts], Metals
[down–365.89pts], , IT [down –60.82pts Realty [down –
89.11.ts], Power [down –47.15 pts].

YOUR MINTVISORY

Index

Value

% Change

15837.88

-0.28

S&P 500

1781.56

-0.49

NASDAQ
EURO STO
FTSE 100

4083.61
3,014.62
6,550.66

-1.00
-0.45
-1.70

Nikkei 225
Hong Kong

15,020.52
21,997.83

+0.10
+0.10

DJl

Company

CMP

Change

% Chg

580.15

14.35

2.54

1424.95

13.10

0.93

CIPLA

418.00

3.60

0.87

ITC

324.70

0.45

0.14

1700.00

0.25

0.01

CMP

Change

% Chg

40.25
139.80
308.00
348.35
353.70

-6.45
-13.25
-28.35
-22.05
-22.30

-13.81
-8.66
-8.43
-5.95
-5.93

Prev. Close

Change

%Chg

ALPHAGEO

79.80

3.95

4.95

FIEMIND

356.15

8.15

2.29

HINDCOMPOS

420

5.00

1.19

TORNTPHARM

537.15

12.85

2.39

82.80

4.10

4.95

Prev. Close

Change

%Chg

972.00
103.00

-25.00
-2.90

-2.57
-2.82

CMP

Change

% Chg

6135.85
20707.45

-130.90
-426.11

-2.09
-2.02

HINDUNILVR
HCLTECH

ULTRACEMCO

Top Losers
Company

JPASSOCIAT
DLF
RANBAXY
TATAMOTORS
TATASTEEL

Stocks at 52 Week’s high
Symbol

SAKSOFT

Stocks at 52 Week’s Low
Symbol

BEL
EXIDEIND

Indian Indices
Company
NIFTY
SENSEX

Call us at +91-731-6642300
DAILY REPORT
28st JANUARY. 2014

EQUITY CASH & FUTURE

STOCK RECOMMENDATIONS [FUTURE]
1. GLENMARK

STOCK RECOMMENDATION [CASH]
1. HINDUSTAN UNILEVER

GLENMARK FUTURE is looking strong on charts, long build
up has been seen, we may see more upside, if it sustains
above 550 levels. We advise buying above 550 levels with
strict stop loss 540 for the targets of 560-575 levels.

HINDUSTAN UNILEVER is looking strong on charts. We advice buying around 575-570 levels with strict stop loss of
560 for the targets of 580-585 levels.

2. ADANI POWER

MACRO NEWS
 RBI Credit Policy is going to be announced today at 11
am.
 Hindustan Unilever’s net profit increased to Rs 1,062.3
cr. from Rs 871.4 cr. Revenue grew 9.4% to Rs 7,038 cr. in
the quarter ended Sept 2013 from Rs 6,433.7 cr. in a year
ago period, which was slightly lower-than-forecast.
 Allahabad Bank reported 4.8% growth in net profit and
0.6% growth in net interest income YoY, but asset quality
worsened in the quarter ended Dec 2013. Net profit of
the bank increased to Rs 326 cr. from Rs 311 cr. and net
interest income rose to Rs 1,337.6 cr. from Rs 1,330.2 cr.
 The EGoM on telecom met yesterday n approved a spectrum usage charge (SUC) of 5% of the annual gross revenue for all new spectrum acquired in the auction.
 Ajanta Pharma posted 91.64% rise in its net profit at Rs
62.42cr. for third quarter ended Dec. 31, 2013, for robust
sales in the domestic and emerging markets.
 SBI board to mull raising Rs 10,000 crore via qualified
institutional placement (QIP) on January 31.
 Cadila Healthcare decides to exit business in Japan.

ADANI POWER FUTURE is looking weak on charts, short
build up has been seen, we may see more downside, if it
sustains below 34 levels. We advise selling around 33.5034.00 levels with strict stop loss 35 for the targets of 32.5031.50 levels.

YOUR MINTVISORY

Call us at +91-731-6642300
DAILY REPORT
FUTURE & OPTION

28st JANUARY. 2014

STOCKS IN NEWS
 Oil ministry seeks cabinet nod for open licensing policy with Nelp.
 Results Today: Maruti Suzuki , NTPC , Jindal Steel &
Power , JSW Steel , Sesa Sterlite , Ipca Labs , Jyothy
Labs, OnMobile Global , Pidilite Industries , PTC India
Financial, Shalimar Paints , Binani Industries , FACT ,
GIC Housing, Tinplate Company, Titagarh Wagon,
Transformers Rectifiers, Transport Corporation of India,
Walchandnagar
,
XPRO
India

MOST ACTIVE PUT OPTION
Symbol

Option
Type

Strike
Price

LTP

Traded
Volume
(Contracts)

NIFTY

PE

6,200

72.90

6,78,349 39,33,000

NIFTY

PE

6,100

29.20

5,96,476 45,37,.100

BANKNIFTY

PE

SBIN

PE

1,600

TCS

PE

INFY

10,500 129.00

Open
Interest

49,809

2,16,550

23.3

6,455

3,13,875

2,200

6.05

3,917

6,05,500

PE

3,700

12.1

3,610

5,75,625

AXISBANK

PE

1,150

15.4

3,475

2,87,500

SBIN

PE

1,550

7.85

3,367

1,53,125

NIFTY FUTURE

MOST ACTIVE CALL OPTION
Symbol

Option
Type

Strike
Price

LTP

Traded
Volume
(Contracts)

Open
Interest

NIFTY

CE

6,300

28

5,72,490 47,28,550

NIFTY

CE

6,400

6.4

4,05,884 55,83,600

BANKNIFTY

CE

11,000

26.95

48,174

4,45,725

BANKNIFTY

CE

11,800

66

28,287

1,50,575

SBIN

CE

1,650

10

7,629

8,89,250

RELIANCE

CE

860

4.55

5,409

6,71,250

TCS

CE

2,300

5.8

5,100

Nifty Future closed in the red in the last trading session.
We advise selling below 6140 levels with strict stop loss
5,42,375 of 6180 for the targets of 6100-6060 levels.

AXISBANK

CE

1,200

6.2

4,129

5,72,750

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

173581

5314.91

191559

5882.74

525546

15940.11

-567.83

INDEX OPTIONS

623947

18780.73

568301

17132.39

1434882

43613.74

1648.34

STOCK FUTURES

384996

11878.95

402508

12458.13

1126542

34054.91

-579.19

STOCK OPTIONS

53496

1582.85

53644

1597.13

108856

3438.79

-14.28

TOTAL

448.05

INDICES
NIFTY

S2

S1

PIVOT

R1

R2

6093.25

6114.55

6151.55

6172.85

6209.85

NIFTYJUNIOR

11719.48

11815.26

11990.33

12086.11

12261.18

BANK NIFTY

10339.79

10440.09

10621.2

10721.49

10902.59

YOUR MINTVISORY

Call us at +91-731-6642300
DAILY REPORT
28st JANUARY. 2014

COMMODITY MCX

RECOMMENDATIONS
SILVER

COMMODITY ROUNDUP
The restrictions on gold imports will be reviewed by March
end, Finance Minister said yesterday. MCX Gold futures
stayed supported after recent gains though some moderation emerged following a mini spell of profit selling in European markets today. The COMEX Gold futures came off
highs near $1280 per ounce amid a hectic bout of volatility
and currently trade at $1263.90, down 40 cents per ounce.
MCX Gold futures are trading at Rs 29699, up Rs 180 per 10
grams on the day or 0.61%. Prices had hit highs above Rs
29800 in intraday moves.
Investors are likely to eye the outcome of the Federal Reserve's monthly meeting will be in focus amid expectations
for a reduction to USD65 billion from the current USD75
billion in the bank's stimulus program. The meeting due on
Wednesday will mark the last for outgoing Fed Chairman
Ben Bernanke, as current Vice Chair Janet Yellen prepares
to take over.

TRADING STRATEGY:
BUY SILVER ABOVE 45520 TGTS 45720/46020 SL 45180
SELL SILVER BELOW 44900 TGTS 44700/44400 SL 45260
GOLD

Natural-gas futures jumped to their highest level in last four
years amid worries that extremely cold weather in the US
would persist. The traders sidelined the havoc in broad financial markets following emerging market growth worries
and helped the Natural gas futures surge to $5.40 per million British thermal units. The counter is quoting at $5.036,
up 0.76% on the day now. MCX Natural gas is trading at Rs
332.50, up more than 4%.
The commodity has been on a tear in last few weeks. Prices
jumped last week as a major winter storm hit much of the
Northeastern US. Falling US natural gas supplies also
boosted the prices. The US Energy Information Administration reported Thursday that natural-gas supplies dropped
107 billion cubic feet for the week ended Jan. 17.
In a move that may be construed as an attempt to appease
the domestic steel industry ahead of the general elections,
the finance ministry on Monday imposed a five per cent
export duty on iron ore pellets. Considering the increase in
the average speed of packing machines.

TRADING STRATEGY:
BUY GOLD ABOVE 29850 TGTS 29930/30030 SL 29730
SELL GOLD BELOW 29650 TGTS 29570/29470 SL 29760

YOUR MINTVISORY

Oil prices edged higher in Asian trade today as a surprisingly
sharp decline in US distillate supplies last week buoyed
forecasts of stronger demand in the world's top crude consumer. New York's main contract WTI for March delivery,
was up 19 cents at $97.51 in mid-morning trade while Brent
North Sea crude for March rose 11 cents at $107.69.

Call us at +91-731-6642300
DAILY REPORT
28st JANUARY. 2014

NCDEX

RECOMMENDATIONS
CASTORSEED

NCDEX INDICES
Index

Value

% Change

Castor Seed

4146

1.74

Chana

3010

-0.17

Coriander

8302

2.87

Cotton Seed Oilcake

1550

0.32

12442.5

-0.94

Maize– Feed/
Industrial Grade

1197

-0.42

Mustard seed

3380

-0.91

Soy Bean

3877

0.38

Turmeric

7016

0.75

Jeera

BUY CASTORSEED FEB ABOVE 4190 TGTS 4220,4270 SL
4140
SELL CASTORSEED FEB BELOW 4125 TGTS 4095,4045 SL
4175
DHANIYA

BUY DHANIYA FEB ABOVE 8430 TGTS 8460,8510 SL 8380
SELL DHANIYA FEB BELOW 8270 TGTS 8240,8190 SL 8320

YOUR MINTVISORY

NCDEX ROUNDUP
Turmeric futures bounced back from the prior two session's
losses on bargain buying amid strong fundamentals. The
NCDEX turmeric April delivery ended the day at Rs 7016, up
Rs 52 or 0.75% from last close. Good buying emerged in
Turmeric. Stockiest are currently active in Turmeric markets. Nizamabad has seen some new crop arrivals and such
arrivals are expected to increase in coming days though the
difference between spot and futures is leading to a hectic
activity. Spot prices are lingering at Rs 6126, up Rs 40 per
quintal on the day. The market sources suggested that the
total production of turmeric in the current year is estimated
at 52 lakh bags against 70 lakh bags that were estimated in
the last year.
Jeera futures fell further on higher crop estimations. The
NCDEX Jeera March delivery ended the day at Rs 12,442,
down Rs 117.50 or 0.94%. As per the latest data release by
Gujarat Agriculture Board , the total sowing acreage of
Jeera in the state has been increased by 1.05 lakh hectares
from the last year to reach 4.54 lakh hectares due to favorable weather conditions and strong export demand in local
mandies. Traders estimated that the total production of the
Jeera is likely to increase by 10 lakh bags to reach around 46
lakh bags in the current year
Call us at +91-731-6642300
DAILY REPORT
28st JANUARY. 2014

CURRENCY

RBI Reference Rate
Currency

Rate Currency

Rupee- $

62.7141 Yen-100

Euro

85.8228 GBP

JPY/INR

Rate

61.2100
103.5040

CURRENCY ROUNDUP
The Indian rupee fell for a third consecutive session on
Monday to its lowest against the dollar since mid-November
as a broad emerging market sell-off raised worries foreign
investors would pare down their domestic stock and bond
holdings The Reserve Bank of India's policy review on Tuesday also kept investors cautious. Although the central bank
is expected to keep interest rates on hold, the tone of the
statement is being closely eyed, raising expectations of
tighter monetary policy this year. Although rate hikes would
normally benefit currencies by increasing domestic yields,
investors also worry that confidence in an already slowing
economy would be further hit.

BUY JPY/INR ABOVE 61.72 TGTS 61.86,62.00 SL 61.44.
SELL JPY/INR BELOW 61.03 TGTS 60.90,60.74 SL 61.32.
USD/INR

Foreign institutional investors sold shares worth $31.45 million on Friday, but are net buyers of $532 million so far this
year, still just a fraction of the more than $20 billion inflows
seen in 2013. "Until the policy review decision,63.25 should
hold the top for the pair.
The partially convertible rupee closed at 63.10/11 per dollar
compared with 62.66/67 on Friday, after falling to 63.32
earlier, its lowest since Nov. 14.The rupee was seen further
pressured by month-end import payment related purchases
of dollars by oil firms. Unlike on Friday, when the central
bank was suspected to have stepped in to sell dollars, no
consensus emerged as to whether the RBI had intervened
on Monday.

BUY USD/INR ABOVE 63.35 TGTS 63.47, 63.61 SL 63.06.
SELL USD/INR BELOW 62.81 TGTS 62.68, 62.53 SL
62.10.

YOUR MINTVISORY

Almost all emerging Asian currencies tumbled on Monday
on the back of the global sell-off of riskier assets. Indian
shares slumped more than 2 percent, their biggest daily fall
since Sept. 3, tracking a regional selloff as the U.S. Federal
Reserve is poised to continue tapering stimulus and tighter
credit conditions in China are raising fears of a sharper economic slowdown. In the offshore non-deliverable forwards,
the one-month contract was at 63.72 while the threemonth was at 64.62.

Call us at +91-731-6642300
DAILY REPORT
28st JANUARY. 2014

CALL REPORT
PERFORMANCE UPDATES

Date

Commodity/ Currency
Pairs

Contract

Strategy

Entry Level

Target

Stop Loss

Remark

27/01/14

MCX GOLD

FEB.

BUY

29650

29730-29830

29550

BOOKED FULL PROFIT

27/01/14

MCX GOLD

FEB.

SELL

29400

29320-29220

29500

NOT EXECUTED

27/01/14

MCX SILVER

MAR.

BUY

45000

45200-45500

44750

BOOKED FULL PROFIT

27/01/14

MCX SILVER

MAR.

SELL

44500

44300-44000

45750

NOT EXECUTED

27/01/14

NCDEX CASTOR SEED

FEB.

BUY

4130

4160-4210

4080

BOOKED PROFIT

27/01/14

NCDEX CASTOR SEED

FEB.

SELL

4030

4000-3950

4080

NOT EXECUTED

27/01/14

NCDEX DHANIYA

FEB.

BUY

8590

8620-8670

8540

NOT EXECUTED

27/01/14

NCDEX DHANIYA

FEB

SELL

8480

8450-8400

8530

BOOKED FULL PROFIT

27/01/14

USD/INR

JAN.

SELL

62.20

62.05-61.91

62.49

NOT EXECUTED

27/01/14

USD/INR

JAN.

BUY

62.83

62.95-63.07

62.54

BOOKED FULL PROFIT

27/01/14

EUR/INR

JAN.

SELL

85.20

85.06-84.89

85.50

NOT EXECUTED

27/01/14

EUR/INR

JAN.

BUY

85.92

86.07-86.22

85.62

BOOKED FULL PROFIT

Date

Scrip

CASH/
FUTURE/
OPTION

Strategy

Entry Level

Target

Stop Loss

Remark

27/01/14

NIFTY

FUTURE

SELL

6270-6250

6210-6160

6310

NOT EXECUTED

27/01/14

PNB

FUTURE

SELL

585-590

570-560

605

NOT EXECUTED

27/01/14

UPL

FUTURE

SELL

200

196-192

204

BOOKED PROFIT

27/01/14

RANBAXY

CAHS

SELL

332

322-312

342

BOOKED FULL PROFIT

24/01/14

AXIS BANK

FUTURE

BUY

1200

1250-1280

1160

SL TRIGGERED

21/01/14

RELIANCE MEDIAWORK

CASH

BUY

55

59-62

51

SL TRIGGERED

20/01/14

BJAAJ AUTO

FUTURE

BUY

1950

1900-2040

1890

CALL OPEN

17/01/14

GITANJALI

CASH

BUY

70

75-85

65

SL TRIGGERED

YOUR MINTVISORY

Call us at +91-731-6642300
DAILY REPORT
28st JANUARY. 2014

ECONOMIC CALENDAR

NEXT WEEK'S U.S. ECONOMIC REPORTS
TIME (ET)

REPORT

PERIOD

ACTUAL

CONSENSUS FORECAST

PREVIOUS

MONDAY, JAN. 27
10 am

New home sales

Dec.

469,000

464,000

TUESDAY, JAN. 28
8:30 am

Durable good orders

Dec.

1.5%

3.4%

10 am

Consumer confidence index

Jan.

77.9

78.1

N/A

N/A

3.0%

4.1%

WEDNESDAY, JAN,29
NONE SCHEDULED
THURSDAY, JAN. 30
8:30 am

Weekly jobless claims

1/25

8:30 am

GDP

1Q
FRIDAY ,JAN 31

8:30 am

Employment cost index

1Q

0.5%

0.4%

8:30 am

Personal income

Dec.

0.2%

0.2%

8:30 am

Consumer spending

Dec.

0.2%

0.5%

9:45 am

Chicago PMI

Jan.

61.2

60.8

9:55 am

UMich consumer sentiment index

Jan.

83.0

82.5

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
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Special report by epic research 28 january 2014

  • 1. DAILY REPORT 28st JANUARY. 2014 Global markets at a glance Asian equity markets stabilized on Tuesday following two straight sessions of sharp losses but caution prevailed ahead of a Federal Reserve meeting and turmoil in emerging markets. China's Shanghai Composite rose 0.25 percent or 5.16 points at 2,038.46. Hong Kong's Hang Seng was down 0.10 percent or 22.82 points at 21,953.28. Japan's Nikkei gained 0.22 percent or 33.01 points at 15,038.74. Singapore's Straits Times was flat at 3,039.74 while South Korea's Seoul Composite was up 0.15 percent or 2.89 points at 1,913.23. World Indices The pan-European FTSEurofirst 300 index closed down by 0.8 percent at 1,290.62 points, its lowest level in more than a month. The euro zone's blue-chip Euro STOXX 50 index fell 0.5 percent to 3,014.62 points. Top Gainers Wall Street Update U.S. stocks extended recent losses on Monday, with the S&P 500 falling for a third straight session as concern grew about the Federal Reserve's plans for withdrawing stimulus. The losses, which picked up late in the session after the S&P 500 briefly traded in positive territory, followed a steep selloff late last week tied to emerging market concerns. The slide gave the S&P 500 its worst weekly percentage loss since June 2012 Previous day Roundup It was a dismal trading day at the Dalal Street as market was butchered on weak global cues, ahead of RBI policy scheduled on January 28. The Sensex lost 426.11 points or 2 percent at 20707.45, and the Nifty fell 130.90 points or 2.09 percent to end at 6135.85. About 632 shares advanced, 1933 shares declined, and 193 shares were unchanged. Index stats The Market was very down in yesterday session where Bank and Bank Nifty both closed almost flat (down-3.97% and down-4.02% . respectively). Among the sartorial indices the sectors which were down are;], Capital Good [down-259.87 pts], Consumer Durables [down-106.17 pts], .Healthcare [down-91.65 pts], FMCG [down-11.82pts] AUTO [down –397.76 pts], PSU [down154.71 –pts], TECK [down-60.69pts], Oil & Gas [down--205.20pts], Metals [down–365.89pts], , IT [down –60.82pts Realty [down – 89.11.ts], Power [down –47.15 pts]. YOUR MINTVISORY Index Value % Change 15837.88 -0.28 S&P 500 1781.56 -0.49 NASDAQ EURO STO FTSE 100 4083.61 3,014.62 6,550.66 -1.00 -0.45 -1.70 Nikkei 225 Hong Kong 15,020.52 21,997.83 +0.10 +0.10 DJl Company CMP Change % Chg 580.15 14.35 2.54 1424.95 13.10 0.93 CIPLA 418.00 3.60 0.87 ITC 324.70 0.45 0.14 1700.00 0.25 0.01 CMP Change % Chg 40.25 139.80 308.00 348.35 353.70 -6.45 -13.25 -28.35 -22.05 -22.30 -13.81 -8.66 -8.43 -5.95 -5.93 Prev. Close Change %Chg ALPHAGEO 79.80 3.95 4.95 FIEMIND 356.15 8.15 2.29 HINDCOMPOS 420 5.00 1.19 TORNTPHARM 537.15 12.85 2.39 82.80 4.10 4.95 Prev. Close Change %Chg 972.00 103.00 -25.00 -2.90 -2.57 -2.82 CMP Change % Chg 6135.85 20707.45 -130.90 -426.11 -2.09 -2.02 HINDUNILVR HCLTECH ULTRACEMCO Top Losers Company JPASSOCIAT DLF RANBAXY TATAMOTORS TATASTEEL Stocks at 52 Week’s high Symbol SAKSOFT Stocks at 52 Week’s Low Symbol BEL EXIDEIND Indian Indices Company NIFTY SENSEX Call us at +91-731-6642300
  • 2. DAILY REPORT 28st JANUARY. 2014 EQUITY CASH & FUTURE STOCK RECOMMENDATIONS [FUTURE] 1. GLENMARK STOCK RECOMMENDATION [CASH] 1. HINDUSTAN UNILEVER GLENMARK FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sustains above 550 levels. We advise buying above 550 levels with strict stop loss 540 for the targets of 560-575 levels. HINDUSTAN UNILEVER is looking strong on charts. We advice buying around 575-570 levels with strict stop loss of 560 for the targets of 580-585 levels. 2. ADANI POWER MACRO NEWS  RBI Credit Policy is going to be announced today at 11 am.  Hindustan Unilever’s net profit increased to Rs 1,062.3 cr. from Rs 871.4 cr. Revenue grew 9.4% to Rs 7,038 cr. in the quarter ended Sept 2013 from Rs 6,433.7 cr. in a year ago period, which was slightly lower-than-forecast.  Allahabad Bank reported 4.8% growth in net profit and 0.6% growth in net interest income YoY, but asset quality worsened in the quarter ended Dec 2013. Net profit of the bank increased to Rs 326 cr. from Rs 311 cr. and net interest income rose to Rs 1,337.6 cr. from Rs 1,330.2 cr.  The EGoM on telecom met yesterday n approved a spectrum usage charge (SUC) of 5% of the annual gross revenue for all new spectrum acquired in the auction.  Ajanta Pharma posted 91.64% rise in its net profit at Rs 62.42cr. for third quarter ended Dec. 31, 2013, for robust sales in the domestic and emerging markets.  SBI board to mull raising Rs 10,000 crore via qualified institutional placement (QIP) on January 31.  Cadila Healthcare decides to exit business in Japan. ADANI POWER FUTURE is looking weak on charts, short build up has been seen, we may see more downside, if it sustains below 34 levels. We advise selling around 33.5034.00 levels with strict stop loss 35 for the targets of 32.5031.50 levels. YOUR MINTVISORY Call us at +91-731-6642300
  • 3. DAILY REPORT FUTURE & OPTION 28st JANUARY. 2014 STOCKS IN NEWS  Oil ministry seeks cabinet nod for open licensing policy with Nelp.  Results Today: Maruti Suzuki , NTPC , Jindal Steel & Power , JSW Steel , Sesa Sterlite , Ipca Labs , Jyothy Labs, OnMobile Global , Pidilite Industries , PTC India Financial, Shalimar Paints , Binani Industries , FACT , GIC Housing, Tinplate Company, Titagarh Wagon, Transformers Rectifiers, Transport Corporation of India, Walchandnagar , XPRO India MOST ACTIVE PUT OPTION Symbol Option Type Strike Price LTP Traded Volume (Contracts) NIFTY PE 6,200 72.90 6,78,349 39,33,000 NIFTY PE 6,100 29.20 5,96,476 45,37,.100 BANKNIFTY PE SBIN PE 1,600 TCS PE INFY 10,500 129.00 Open Interest 49,809 2,16,550 23.3 6,455 3,13,875 2,200 6.05 3,917 6,05,500 PE 3,700 12.1 3,610 5,75,625 AXISBANK PE 1,150 15.4 3,475 2,87,500 SBIN PE 1,550 7.85 3,367 1,53,125 NIFTY FUTURE MOST ACTIVE CALL OPTION Symbol Option Type Strike Price LTP Traded Volume (Contracts) Open Interest NIFTY CE 6,300 28 5,72,490 47,28,550 NIFTY CE 6,400 6.4 4,05,884 55,83,600 BANKNIFTY CE 11,000 26.95 48,174 4,45,725 BANKNIFTY CE 11,800 66 28,287 1,50,575 SBIN CE 1,650 10 7,629 8,89,250 RELIANCE CE 860 4.55 5,409 6,71,250 TCS CE 2,300 5.8 5,100 Nifty Future closed in the red in the last trading session. We advise selling below 6140 levels with strict stop loss 5,42,375 of 6180 for the targets of 6100-6060 levels. AXISBANK CE 1,200 6.2 4,129 5,72,750 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 173581 5314.91 191559 5882.74 525546 15940.11 -567.83 INDEX OPTIONS 623947 18780.73 568301 17132.39 1434882 43613.74 1648.34 STOCK FUTURES 384996 11878.95 402508 12458.13 1126542 34054.91 -579.19 STOCK OPTIONS 53496 1582.85 53644 1597.13 108856 3438.79 -14.28 TOTAL 448.05 INDICES NIFTY S2 S1 PIVOT R1 R2 6093.25 6114.55 6151.55 6172.85 6209.85 NIFTYJUNIOR 11719.48 11815.26 11990.33 12086.11 12261.18 BANK NIFTY 10339.79 10440.09 10621.2 10721.49 10902.59 YOUR MINTVISORY Call us at +91-731-6642300
  • 4. DAILY REPORT 28st JANUARY. 2014 COMMODITY MCX RECOMMENDATIONS SILVER COMMODITY ROUNDUP The restrictions on gold imports will be reviewed by March end, Finance Minister said yesterday. MCX Gold futures stayed supported after recent gains though some moderation emerged following a mini spell of profit selling in European markets today. The COMEX Gold futures came off highs near $1280 per ounce amid a hectic bout of volatility and currently trade at $1263.90, down 40 cents per ounce. MCX Gold futures are trading at Rs 29699, up Rs 180 per 10 grams on the day or 0.61%. Prices had hit highs above Rs 29800 in intraday moves. Investors are likely to eye the outcome of the Federal Reserve's monthly meeting will be in focus amid expectations for a reduction to USD65 billion from the current USD75 billion in the bank's stimulus program. The meeting due on Wednesday will mark the last for outgoing Fed Chairman Ben Bernanke, as current Vice Chair Janet Yellen prepares to take over. TRADING STRATEGY: BUY SILVER ABOVE 45520 TGTS 45720/46020 SL 45180 SELL SILVER BELOW 44900 TGTS 44700/44400 SL 45260 GOLD Natural-gas futures jumped to their highest level in last four years amid worries that extremely cold weather in the US would persist. The traders sidelined the havoc in broad financial markets following emerging market growth worries and helped the Natural gas futures surge to $5.40 per million British thermal units. The counter is quoting at $5.036, up 0.76% on the day now. MCX Natural gas is trading at Rs 332.50, up more than 4%. The commodity has been on a tear in last few weeks. Prices jumped last week as a major winter storm hit much of the Northeastern US. Falling US natural gas supplies also boosted the prices. The US Energy Information Administration reported Thursday that natural-gas supplies dropped 107 billion cubic feet for the week ended Jan. 17. In a move that may be construed as an attempt to appease the domestic steel industry ahead of the general elections, the finance ministry on Monday imposed a five per cent export duty on iron ore pellets. Considering the increase in the average speed of packing machines. TRADING STRATEGY: BUY GOLD ABOVE 29850 TGTS 29930/30030 SL 29730 SELL GOLD BELOW 29650 TGTS 29570/29470 SL 29760 YOUR MINTVISORY Oil prices edged higher in Asian trade today as a surprisingly sharp decline in US distillate supplies last week buoyed forecasts of stronger demand in the world's top crude consumer. New York's main contract WTI for March delivery, was up 19 cents at $97.51 in mid-morning trade while Brent North Sea crude for March rose 11 cents at $107.69. Call us at +91-731-6642300
  • 5. DAILY REPORT 28st JANUARY. 2014 NCDEX RECOMMENDATIONS CASTORSEED NCDEX INDICES Index Value % Change Castor Seed 4146 1.74 Chana 3010 -0.17 Coriander 8302 2.87 Cotton Seed Oilcake 1550 0.32 12442.5 -0.94 Maize– Feed/ Industrial Grade 1197 -0.42 Mustard seed 3380 -0.91 Soy Bean 3877 0.38 Turmeric 7016 0.75 Jeera BUY CASTORSEED FEB ABOVE 4190 TGTS 4220,4270 SL 4140 SELL CASTORSEED FEB BELOW 4125 TGTS 4095,4045 SL 4175 DHANIYA BUY DHANIYA FEB ABOVE 8430 TGTS 8460,8510 SL 8380 SELL DHANIYA FEB BELOW 8270 TGTS 8240,8190 SL 8320 YOUR MINTVISORY NCDEX ROUNDUP Turmeric futures bounced back from the prior two session's losses on bargain buying amid strong fundamentals. The NCDEX turmeric April delivery ended the day at Rs 7016, up Rs 52 or 0.75% from last close. Good buying emerged in Turmeric. Stockiest are currently active in Turmeric markets. Nizamabad has seen some new crop arrivals and such arrivals are expected to increase in coming days though the difference between spot and futures is leading to a hectic activity. Spot prices are lingering at Rs 6126, up Rs 40 per quintal on the day. The market sources suggested that the total production of turmeric in the current year is estimated at 52 lakh bags against 70 lakh bags that were estimated in the last year. Jeera futures fell further on higher crop estimations. The NCDEX Jeera March delivery ended the day at Rs 12,442, down Rs 117.50 or 0.94%. As per the latest data release by Gujarat Agriculture Board , the total sowing acreage of Jeera in the state has been increased by 1.05 lakh hectares from the last year to reach 4.54 lakh hectares due to favorable weather conditions and strong export demand in local mandies. Traders estimated that the total production of the Jeera is likely to increase by 10 lakh bags to reach around 46 lakh bags in the current year Call us at +91-731-6642300
  • 6. DAILY REPORT 28st JANUARY. 2014 CURRENCY RBI Reference Rate Currency Rate Currency Rupee- $ 62.7141 Yen-100 Euro 85.8228 GBP JPY/INR Rate 61.2100 103.5040 CURRENCY ROUNDUP The Indian rupee fell for a third consecutive session on Monday to its lowest against the dollar since mid-November as a broad emerging market sell-off raised worries foreign investors would pare down their domestic stock and bond holdings The Reserve Bank of India's policy review on Tuesday also kept investors cautious. Although the central bank is expected to keep interest rates on hold, the tone of the statement is being closely eyed, raising expectations of tighter monetary policy this year. Although rate hikes would normally benefit currencies by increasing domestic yields, investors also worry that confidence in an already slowing economy would be further hit. BUY JPY/INR ABOVE 61.72 TGTS 61.86,62.00 SL 61.44. SELL JPY/INR BELOW 61.03 TGTS 60.90,60.74 SL 61.32. USD/INR Foreign institutional investors sold shares worth $31.45 million on Friday, but are net buyers of $532 million so far this year, still just a fraction of the more than $20 billion inflows seen in 2013. "Until the policy review decision,63.25 should hold the top for the pair. The partially convertible rupee closed at 63.10/11 per dollar compared with 62.66/67 on Friday, after falling to 63.32 earlier, its lowest since Nov. 14.The rupee was seen further pressured by month-end import payment related purchases of dollars by oil firms. Unlike on Friday, when the central bank was suspected to have stepped in to sell dollars, no consensus emerged as to whether the RBI had intervened on Monday. BUY USD/INR ABOVE 63.35 TGTS 63.47, 63.61 SL 63.06. SELL USD/INR BELOW 62.81 TGTS 62.68, 62.53 SL 62.10. YOUR MINTVISORY Almost all emerging Asian currencies tumbled on Monday on the back of the global sell-off of riskier assets. Indian shares slumped more than 2 percent, their biggest daily fall since Sept. 3, tracking a regional selloff as the U.S. Federal Reserve is poised to continue tapering stimulus and tighter credit conditions in China are raising fears of a sharper economic slowdown. In the offshore non-deliverable forwards, the one-month contract was at 63.72 while the threemonth was at 64.62. Call us at +91-731-6642300
  • 7. DAILY REPORT 28st JANUARY. 2014 CALL REPORT PERFORMANCE UPDATES Date Commodity/ Currency Pairs Contract Strategy Entry Level Target Stop Loss Remark 27/01/14 MCX GOLD FEB. BUY 29650 29730-29830 29550 BOOKED FULL PROFIT 27/01/14 MCX GOLD FEB. SELL 29400 29320-29220 29500 NOT EXECUTED 27/01/14 MCX SILVER MAR. BUY 45000 45200-45500 44750 BOOKED FULL PROFIT 27/01/14 MCX SILVER MAR. SELL 44500 44300-44000 45750 NOT EXECUTED 27/01/14 NCDEX CASTOR SEED FEB. BUY 4130 4160-4210 4080 BOOKED PROFIT 27/01/14 NCDEX CASTOR SEED FEB. SELL 4030 4000-3950 4080 NOT EXECUTED 27/01/14 NCDEX DHANIYA FEB. BUY 8590 8620-8670 8540 NOT EXECUTED 27/01/14 NCDEX DHANIYA FEB SELL 8480 8450-8400 8530 BOOKED FULL PROFIT 27/01/14 USD/INR JAN. SELL 62.20 62.05-61.91 62.49 NOT EXECUTED 27/01/14 USD/INR JAN. BUY 62.83 62.95-63.07 62.54 BOOKED FULL PROFIT 27/01/14 EUR/INR JAN. SELL 85.20 85.06-84.89 85.50 NOT EXECUTED 27/01/14 EUR/INR JAN. BUY 85.92 86.07-86.22 85.62 BOOKED FULL PROFIT Date Scrip CASH/ FUTURE/ OPTION Strategy Entry Level Target Stop Loss Remark 27/01/14 NIFTY FUTURE SELL 6270-6250 6210-6160 6310 NOT EXECUTED 27/01/14 PNB FUTURE SELL 585-590 570-560 605 NOT EXECUTED 27/01/14 UPL FUTURE SELL 200 196-192 204 BOOKED PROFIT 27/01/14 RANBAXY CAHS SELL 332 322-312 342 BOOKED FULL PROFIT 24/01/14 AXIS BANK FUTURE BUY 1200 1250-1280 1160 SL TRIGGERED 21/01/14 RELIANCE MEDIAWORK CASH BUY 55 59-62 51 SL TRIGGERED 20/01/14 BJAAJ AUTO FUTURE BUY 1950 1900-2040 1890 CALL OPEN 17/01/14 GITANJALI CASH BUY 70 75-85 65 SL TRIGGERED YOUR MINTVISORY Call us at +91-731-6642300
  • 8. DAILY REPORT 28st JANUARY. 2014 ECONOMIC CALENDAR NEXT WEEK'S U.S. ECONOMIC REPORTS TIME (ET) REPORT PERIOD ACTUAL CONSENSUS FORECAST PREVIOUS MONDAY, JAN. 27 10 am New home sales Dec. 469,000 464,000 TUESDAY, JAN. 28 8:30 am Durable good orders Dec. 1.5% 3.4% 10 am Consumer confidence index Jan. 77.9 78.1 N/A N/A 3.0% 4.1% WEDNESDAY, JAN,29 NONE SCHEDULED THURSDAY, JAN. 30 8:30 am Weekly jobless claims 1/25 8:30 am GDP 1Q FRIDAY ,JAN 31 8:30 am Employment cost index 1Q 0.5% 0.4% 8:30 am Personal income Dec. 0.2% 0.2% 8:30 am Consumer spending Dec. 0.2% 0.5% 9:45 am Chicago PMI Jan. 61.2 60.8 9:55 am UMich consumer sentiment index Jan. 83.0 82.5 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