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DAILY REPORT
26th
MARCH 2014
YOUR MINTVISORY Call us at +91-731-6642300
Global markets at a glance
Asian shares raced to two-week highs on Wednesday, with
investor confidence getting a much needed boost from
upbeat U.S. data and lingering hopes China may take steps
to stimulate its sagging economy. MSCI's broadest index of
Asia-Pacific shares outside Japan rose 0.8% to its highest
level since March 11 while Japan's Nikkei ticked up 0.1%.
European shares rebounded on Tuesday, anticipating of
stimulus measures from the European Central Bank (ECB)
and the Chinese central bank to help their economies fight
off any slowdown. The euro zone's blue-chip Euro STOXX
50 index rose 1.4 percent to 3,096.64 points while the
STOXX Europe 600 Basic Resources index - which includes
top mining stocks - outperformed with a 2.6 percent climb.
The FTSEurofirst 300 also had its biggest one-day gain
since a 2 percent rise on March 4.
Wall Street Update
US stocks ended higher on Tuesday, rebounding from a
two-day decline as the hard-hit biotechnology sector re-
gained its momentum and a strong read on consumer con-
fidence increased optimism about the economy. Trading
was choppy throughout the day with the Nasdaq at one
point turning lower, led by a sharp reversal in biotech
shares.
The Dow Jones industrial average rose 91.19 points, or
0.56 percent, to close at 16,367.88. The Standard & Poor's
500 Index gained 8.18 points, or 0.44 percent, to finish at
1,865.62. The Nasdaq Composite Index advanced 7.88
points, or 0.19 percent, to end at 4,234.27.
Previous day Roundup
The market consolidates with the Nifty closing at record
high of 6589.75, up 6.25 points. The Nifty had hit fresh
intraday high of 6595.5, while Sensex too hit fresh intraday
high of 22,080 in trade today. The Sensex ended flat, down
0.27 points at 22055.21.
Index stats
The Market was very volatile in yesterday’s session. The
sartorial indices performed as follow Consumer Durables
[up 81.88pts], Capital Goods [up 192.12pts], PSU [up
49.58pts], FMCG [up 48.38pts], Realty [up 17.91pts],
Power [up 31.46pts], Auto [up 32.15pts], Healthcare
[down 5.98pts], IT [down 68.12pts], Metals [up 12.99pts],
TECK [down 27.32pts], Oil& Gas [down 135.53pts].
World Indices
Index Value % Change
D J l 16,367.88 +0.56
S&P 500 1,865.62 +0.44
NASDAQ 4,234.27 +1.19
EURO STO 3,096.64 +1.43
FTSE 100 6,604.89 +1.30
Nikkei 225 14,458.79 +0.25
Hong Kong 21,920.06 +0.86
Top Gainers
Company CMP Change % Chg
BHEL 196.00 7.95 +4.23
DLF 177.80 6.20 +3.61
HEROMOTOCO 2,185.00 65.00 +3.07
JINDALSTEL 272.40 7.60 +2.87
RANBAXY 357.40 8.65 +2.48
Top Losers
Company CMP Change % Chg
RELIANCE 877.80 27.60 -3.05
WIPRO 547.35 15.45 -2.75
AMBUJACEM 182.65 3.45 -1.85
SSLT 175.20 3.15 -1.77
Stocks at 52 Week’s high
Symbol Prev. Close Change %Chg
ABB 823.00 23.60 +2.95
ADANIENT 330.00 5.05 +1.55
BHARATFORG 413.90 16.20 +4.07
ENGINEERS INDIA 213.20 10.15 +5.00
Indian Indices
Company CMP Change % Chg
NIFTY 6,589.75 +6.25 +0.09
SENSEX 22,055.21 -0.27 0.00
Stocks at 52 Week’s Low
Symbol Prev. Close Change %Chg
CASTROL INDIA 288.00 0.95 -0.33
DBSTOCKBRO 86.25 0.25 -0.29
IITL 50.00 1.00 -1.96
DAILY REPORT
26th
MARCH 2014
YOUR MINTVISORY Call us at +91-731-6642300
STOCK RECOMMENDATIONS [FUTURE]
1. PFC
PFC FUTURE is looking strong on charts, long build up has
been seen, we may see more upside, if it sustains above
184 levels. We advise buying around 184-185 levels with
strict stop loss 180 for the targets of 188-192 levels.
2. ARVIND
ARVIND FUTURE is looking strong on charts, long build up
has been seen, we may see more upside, if it sustains above
155 levels. We advise buying around 154-155 levels with
strict stop loss of 150 for the targets of 158-160.
EQUITY CASH & FUTURE
STOCK RECOMMENDATION [CASH]
1. VIP INDUSTRIES
VIP INDUSTRIES is looking strong on charts. We advise buy-
ing around 85-90 levels with strict stop loss of 80 for the
targets of 95-100 levels.
MACRO NEWS
Auto makers are set to increase prices for the third time
this year, not withstanding a sluggish market and recent
cut in excise duty, as they say inflating operating costs and
an unstable currency are squeezing their margins. M&M,
Tata Motors, Honda Cars India and Renault India are
slated to raise prices from next month, while others such
as Maruti Suzuki India, Hyundai Motor India and Ford In-
dia are contemplating a similar move.
The Reserve Bank simplified foreign portfolio investment
norms by put in place an easier registration process and
operating framework with an aim to attract inflows.
Private equity investors may soon get the flexibility in
pricing their exits from companies they have invested in
as the Reserve Bank of India has agreed to drop stringent
valuation norms introduced barely two months ago that
were seen to be hindering deals.
The income tax department has started their probe on
the taxability of the income that shareholders made while
submitting their shares in the buyback and open offers of
some big companies like, Cairn India , KSK Energy ,
Petronet Engineering, Gujarat Gas and GlaxoSmithKline
Consumer Healthcare.
DAILY REPORT
26th
MARCH 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 6,600 24.4 4,19,720 49,18,300
NIFTY PE 6,500 3.9 3,27,544 61,45,550
NIFTY PE 6,400 1.4 1,78,386 64,16,300
BANKNIFTY PE 12,200 15.9 48,089 3,50,000
RELIANCE PE 880 9.3 4,073 3,91,750
SBIN PE 1,700 4.9 3,747 3,17,500
TATASTEEL PE 360 1.95 3,489 14,40,000
TCS PE 2,150 19.15 3,189 72,750
MOST ACTIVE CALL OPTION
Symbol Option
Type
Strike
Price
LTP Traded
Volume
(Contracts)
Open
Interest
NIFTY CE 6,600 33.7 4,86,112 64,65,000
NIFTY CE 6,700 5.25 2,71,759 56,89,400
NIFTY CE 6,650 13.3 1,47,273 27,91,950
BANKNIFTY CE 12,500 86 55,113 3,85,625
SBIN CE 1,750 16.2 9,221 6,06,625
RELIANCE CE 900 2.95 5,224 11,51,250
ICICIBANK CE 1,250 16.5 4,937 4,23,750
INFY CE 3,300 11.5 4,693 2,53,000
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 166727 5482.11 156431 5135.57 684122 22541.19 346.54
INDEX OPTIONS 451683 14614.25 420968 13564.63 1790060 58774.23 1049.63
STOCK FUTURES 429014 14562.99 452733 15294.42 1196130 39641.51 -731.44
STOCK OPTIONS 51066 1753.29 53696 1865.25 97571 3214.62 -111.96
TOTAL +552.77
INDICES S2 S1 PIVOT R1 R2
NIFTY 6526.01 6557.88 6576.71 6608.58 6627.41
NIFTYJUNIOR 12805.0 12869.5 12909.9 12974.4 13014.8
BANK NIFTY 12326.59 12388.3 12456.0 12517.7 12585.4
STOCKS IN NEWS
Tata Motors is planning to raise Rs 300 crore through
4-year 11-month bonds at 10%.
Dalmia Cement's capacity to rise to 20 mtpa after JAL
deal.
Glenmark receives USD 4 mn from Forest Lab as re-
search fee.
Tata Motors, Renault mull price hike from April.
Federal Bank recovers Rs 10 crore dues from King-
fisher.
NIFTY FUTURE
Nifty Future closed in the green in the last trading ses-
sion. We advise buying around 6570-6580 levels with
strict stop loss of 6550 for the targets of 6615-6645.
DAILY REPORT
26th
MARCH 2014
YOUR MINTVISORY Call us at +91-731-6642300
RECOMMENDATIONS
SILVER
TRADING STRATEGY:
BUY SILVER(MAY) ABOVE 43650 TGTS 43850/44200 SL
43300
SELL SILVER(MAY) BELOW 43300 TGTS 43100/42850 SL
43650
GOLD
TRADING STRATEGY:
BUY GOLD(APR) ABOVE 29110 TGTS 29190/29290 SL 28990
SELL GOLD(APR) BELOW 28820 TGTS 28760/28660 SL 28940
COMMODITY ROUNDUP
Precious metals lost some of their allure as concerns over
Ukraine ease and as U.S. short-term rates have risen. Gold
hit a five-week low of $1,305.59 per once on Tuesday and
last stood at $1,313.20 while silver dropped to seven-week
low of $19.78 per once.
US Gold futures further slipped to a low of $1308 per ounce
before climbing back to $1314.3 in electronic trading on
Tuesday.
The latest freeze in Russian-European relations is accelerat-
ing Russia's pivot towards China, and an imminent natural
gas deal could be a centerpiece of that strategic shift.
Copper has started gaining on Tuesday after the hopes of
Chinese stimulus measures have overtaken fears of decline
in manufacturing numbers in the country. The hopes that
China can unveil a policy to stimulate its weak economy has
gained ground and sparking Copper. Indian Copper April
expiry contract on MCX was trading at Rs 402.3 per kg, up
0.98%. After a series of bashing seen in the month, Copper
is looking to move towards Rs 404 per kg in the remaining
part of the day. COMEX Copper was holding ground, and
was a shy away from $ 3 per pound levels. The prices were
last seen at $ 2.99 per pound, up 4 cents.
Meanwhile, underlying fundamentals are still weak for the
metal, used in electricity and construction. China reported a
decline in the manufacturing numbers, while Federal Re-
serve is gearing to gradually end the monthly bond buying
programme. This has come at the time when the financial
deals in the commodity have become a less viable option
for Chinese traders who were enjoying the cajoling by the
banks in the country. International Copper Study Group
(ICSG) has shown that the world Copper markets were in
production deficit of 193000 tonnes in the year 2013. The
production deficit has shrinked by 27.4% from 266000 ton-
nes in 2012. Meanwhile for December 2013, Copper mar-
kets were in surplus of 34000 tonnes.
MCX gold futures slipped near Rs 29000 per 10 grams today
following strong gains in the Indian Rupee on broad losses
in the dollar and as foreign investors continued to buy into
a record-setting rally in domestic shares this month.
COMMODITY MCX
DAILY REPORT
26th
MARCH 2014
YOUR MINTVISORY Call us at +91-731-6642300
RECOMMENDATIONS
GUARSEED
BUY GUARSEED APR ABOVE 4655 TGTS 4685,4735 SL 4605
SELL GUARSEED APR BELOW 4600 TGTS 4570,4520 SL 4650
DHANIYA
BUY DHANIYA APR ABOVE 8860 TGTS 8890,8940 SL 8810
SELL DHANIYA APR BELOW 8750 TGTS 8720,8670 SL 8800
NCDEX
NCDEX INDICES
Index Value % Change
Castor Seed 4130 -0.29
Chana 3258 +0.03
Coriander 8865 -0.09
Cotton Seed Oilcake 1475 -2.90
Jeera 10170 +1.65
Maize– Feed/Industrial
Grade
1200 -1.15
Mustard seed 3393 -0.38
Soy Bean 4171 -1.11
Turmeric 6244 -1.11
NCDEX ROUNDUP
Jeera prices rose by 0.95% to Rs 10,100 per quintal in fu-
tures trade yesterday as speculators built-up fresh positions
driven by a pick up in demand in spot market. However,
expectations of higher output limited the gains. At NCDEX,
jeera for delivery in April rose by Rs 95, or 0.95%, to Rs
10,100 per quintal with an open interest of 9,576 lots. Simi-
larly, the spice for delivery in May gained Rs 95, or 0.94%, to
Rs 10,240 per quintal in 4,485 lots. The rise in jeera futures
was attributed to pick up in demand in the spot market but
expectations of higher output restricted the gains.
Potato prices fell 0.29% to Rs 1,218 per quintal in futures
trading ysterday due to reduced offtake by traders on sub-
dued demand in the spot market. At the MCX potato for
delivery in March declined by Rs 3.50, or 0.29%, to Rs 1,218
per quintal in business turnover of 21 lots. Potato for deliv-
ery in April also weakened marginally by 70 paise, or 0.06%,
to Rs 1,245.40 per quintal in 48 lots. Fall in potato prices at
futures trade was mostly due to reduced offtake by traders
following subdued demand in the spot market.
Potato prices fell 0.29% to Rs 1,218 per quintal in futures
trading today due to reduced offtake by traders on subdued
demand in the spot market. At the MCX, potato for delivery
in March declined by Rs 3.50, or 0.29%, to Rs 1,218 per
quintal in business turnover of 21 lots. Potato for delivery in
April also weakened marginally by 70 paise, or 0.06%, to Rs
1,245.40 per quintal in 48 lots.
DAILY REPORT
26th
MARCH 2014
YOUR MINTVISORY Call us at +91-731-6642300
USD/INR
SELL USD-INR BELOW 60.42 TGTS 60.29, 60.14 SL 60.70.
BUY USD-INR ABOVE 60.79 TGTS 60.92, 61.07 SL 60.51.
GBP/INR
SELL GBP-INR BELOW 99.66 TGTS 99.52, 99.37 SL 99.94.
BUY GBP-INR ABOVE 100.10 TGTS 100.24,100.39 SL 99.82.
CURRENCY ROUNDUP
Rupee hit its strongest level in 2014 on Tuesday as hopes
grew that a stable and business-friendly government would
soon be elected, prompting foreign money to flow into
markets. The rupee later that month sank to a record low
of 68.85 amid a fiscal deficit crisis and waning investor con-
fidence as the government struggled to boost growth in the
face of global economic turmoil.
The Australian dollar hit four-month high of $0.9175 on
Tuesday and last stood at $0.9159. Other major currencies
were stuck in well-worn ranges, with the euro fetching
$1.3816 and the yen changing hands at 102.32 yen to the
dollar.
The dollar edged up 0.1 percent to 102.38, hovering above
this month's low of 101.205. The dollar index was trading
up by 0.12 percent against a basket of six major global ri-
vals. Banks and exporters continued to sell dollars in view
of sustained capital inflows from foreign funds into equity
market.
The rupee on Tuesday gained 29 paise to close at seven-
month high of 60.48 against the dollar on sustained selling
of the US currency by exporters and banks. At the Inter-
bank Forex market, the domestic unit commenced strong
at 60.60 a dollar from previous close of 60.77. Hefty capital
inflows helped the rupee to bounce back to a high of 60.44
before settling at almost seven-month high of 60.48, a rise
of 29 paise from its previous close. The last time the rupee
closed at this level was on August 1, 2013 when it ended at
at 60.43. In three straight sessions of gains, the local cur-
rency has spurted by 86 paise.
The rupee continued to rule firm to end at 99.77 against
the pound from last close of 100.30. It strengthened to
83.51 per euro from 83.70. It improved to 59.14 per 100
Japanese yen from 59.33.
CURRENCY
RBI Reference Rate
Currency Rate Currency Rate
Rupee- $ 60.4935 Yen-100 59.1700
Euro 83.6745 GBP 99.7719
DAILY REPORT
26th
MARCH 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
25/03/14 MCX GOLD APR. BUY 29410 29490-29590 29290 NOT EXECUTED
25/03/14 MCX GOLD APR. SELL 29100 29020-29920 29220 BOOKED FULL PROFIT
25/03/14 MCX SILVER MAY BUY 44550 44750-45100 44200 NOT EXECUTED
25/03/14 MCX SILVER MAY SELL 43850 43550-43200 44200 BOOKED PROFIT
25/03/14 NCDEX GUARSEED APR.. BUY 4750 4780-4830 4700 NOT EXECUTED
25/03/14 NCDEX GUARSEED APR. SELL 4690 4660-4610 4740 BOOKED FULL PROFIT
25/03/14 NCDEX DHANIYA APR. BUY 8920 8950-9000 8870 BOOKED FULL PROFIT
25/03/14 NCDEX DHANIYA APR. SELL 8820 8790-8740 8870 BOOKED FULL PROFIT
25/03/14 USD/INR MAR. SELL 60.78 60.65-60.50 61.06 NOT EXECUTED
25/03/14 USD/INR MAR. BUY 61.02 61.15-61.30 60.74 NOT EXECUTED
25/03/14 EUR/INR MAR. SELL 83.60 83.47-83.32 83.88 BOOKED PROFIT
25/03/14 EUR/INR MAR. BUY 84.04 84.17-84.32 83.76 NOT EXECUTED
Date Scrip
CASH/
FUTURE/
OPTION
Strategy Entry Level Target Stop Loss Remark
25/03/14 NIFTY FUTURE BUY
6550-
6540
6580-6625 6500 NOT EXECUTED
25/03/14 INDUSIND BANK FUTURE BUY 490-495 505-520 480 CALL OPEN
25/03/14 GAIL FUTURE BUY 365-370 378-384 360 BOOKED PROFIT
25/03/14 ENGINEERS INDIA CASH BUY 190-195 205-215 180 NOT EXECUTED
24/03/14 HINDPETRO FUTURE SELL 280-265 270-260 290 SL TRIGGERED
24/03/14 JSWSTEEL FUTURE BUY 990-985 1005-1025 965 CALL OPEN
24/03/14 TATAELXSI CASH BUY 580-585 600-625 560 CALL OPEN
DAILY REPORT
26th
MARCH 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
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Disclaimer
TIME (ET) REPORT PERIOD ACTUAL CONSENSUS FORECAST PREVIOUS
MONDAY, MARCH 24
9 am Markit 'flash' PMI March -- 57.1
TUESDAY, MARCH 25
9 am Case-Shiller home prices Jan. -- 13.4% y-o-y
9 am FHFA home prices Jan. -- 7.7% y-o-y
10 am Consumer confidence index March -- 78.1
10 am New home sales Feb. -- 468,000
WEDNESDAY, MARCH 26
8:30 am Durable goods orders Feb. -- -1.0%
THURSDAY, MARCH 27
8:30 am Weekly jobless claims 3-22 N/A N/A
8:30 am GDP revision 4Q -- 2.4%
10 am Pending home sales Feb. -- 0.1%
FRIDAY ,MARCH 28
8:30 am Personal income Feb. -- 0.3%
8:30 am Consumer spending Feb. -- 0.4%
9:55 am UMich consumer sentiment March -- 79.9

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Stock market special report by epic research 26 march 2014

  • 1. DAILY REPORT 26th MARCH 2014 YOUR MINTVISORY Call us at +91-731-6642300 Global markets at a glance Asian shares raced to two-week highs on Wednesday, with investor confidence getting a much needed boost from upbeat U.S. data and lingering hopes China may take steps to stimulate its sagging economy. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.8% to its highest level since March 11 while Japan's Nikkei ticked up 0.1%. European shares rebounded on Tuesday, anticipating of stimulus measures from the European Central Bank (ECB) and the Chinese central bank to help their economies fight off any slowdown. The euro zone's blue-chip Euro STOXX 50 index rose 1.4 percent to 3,096.64 points while the STOXX Europe 600 Basic Resources index - which includes top mining stocks - outperformed with a 2.6 percent climb. The FTSEurofirst 300 also had its biggest one-day gain since a 2 percent rise on March 4. Wall Street Update US stocks ended higher on Tuesday, rebounding from a two-day decline as the hard-hit biotechnology sector re- gained its momentum and a strong read on consumer con- fidence increased optimism about the economy. Trading was choppy throughout the day with the Nasdaq at one point turning lower, led by a sharp reversal in biotech shares. The Dow Jones industrial average rose 91.19 points, or 0.56 percent, to close at 16,367.88. The Standard & Poor's 500 Index gained 8.18 points, or 0.44 percent, to finish at 1,865.62. The Nasdaq Composite Index advanced 7.88 points, or 0.19 percent, to end at 4,234.27. Previous day Roundup The market consolidates with the Nifty closing at record high of 6589.75, up 6.25 points. The Nifty had hit fresh intraday high of 6595.5, while Sensex too hit fresh intraday high of 22,080 in trade today. The Sensex ended flat, down 0.27 points at 22055.21. Index stats The Market was very volatile in yesterday’s session. The sartorial indices performed as follow Consumer Durables [up 81.88pts], Capital Goods [up 192.12pts], PSU [up 49.58pts], FMCG [up 48.38pts], Realty [up 17.91pts], Power [up 31.46pts], Auto [up 32.15pts], Healthcare [down 5.98pts], IT [down 68.12pts], Metals [up 12.99pts], TECK [down 27.32pts], Oil& Gas [down 135.53pts]. World Indices Index Value % Change D J l 16,367.88 +0.56 S&P 500 1,865.62 +0.44 NASDAQ 4,234.27 +1.19 EURO STO 3,096.64 +1.43 FTSE 100 6,604.89 +1.30 Nikkei 225 14,458.79 +0.25 Hong Kong 21,920.06 +0.86 Top Gainers Company CMP Change % Chg BHEL 196.00 7.95 +4.23 DLF 177.80 6.20 +3.61 HEROMOTOCO 2,185.00 65.00 +3.07 JINDALSTEL 272.40 7.60 +2.87 RANBAXY 357.40 8.65 +2.48 Top Losers Company CMP Change % Chg RELIANCE 877.80 27.60 -3.05 WIPRO 547.35 15.45 -2.75 AMBUJACEM 182.65 3.45 -1.85 SSLT 175.20 3.15 -1.77 Stocks at 52 Week’s high Symbol Prev. Close Change %Chg ABB 823.00 23.60 +2.95 ADANIENT 330.00 5.05 +1.55 BHARATFORG 413.90 16.20 +4.07 ENGINEERS INDIA 213.20 10.15 +5.00 Indian Indices Company CMP Change % Chg NIFTY 6,589.75 +6.25 +0.09 SENSEX 22,055.21 -0.27 0.00 Stocks at 52 Week’s Low Symbol Prev. Close Change %Chg CASTROL INDIA 288.00 0.95 -0.33 DBSTOCKBRO 86.25 0.25 -0.29 IITL 50.00 1.00 -1.96
  • 2. DAILY REPORT 26th MARCH 2014 YOUR MINTVISORY Call us at +91-731-6642300 STOCK RECOMMENDATIONS [FUTURE] 1. PFC PFC FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sustains above 184 levels. We advise buying around 184-185 levels with strict stop loss 180 for the targets of 188-192 levels. 2. ARVIND ARVIND FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sustains above 155 levels. We advise buying around 154-155 levels with strict stop loss of 150 for the targets of 158-160. EQUITY CASH & FUTURE STOCK RECOMMENDATION [CASH] 1. VIP INDUSTRIES VIP INDUSTRIES is looking strong on charts. We advise buy- ing around 85-90 levels with strict stop loss of 80 for the targets of 95-100 levels. MACRO NEWS Auto makers are set to increase prices for the third time this year, not withstanding a sluggish market and recent cut in excise duty, as they say inflating operating costs and an unstable currency are squeezing their margins. M&M, Tata Motors, Honda Cars India and Renault India are slated to raise prices from next month, while others such as Maruti Suzuki India, Hyundai Motor India and Ford In- dia are contemplating a similar move. The Reserve Bank simplified foreign portfolio investment norms by put in place an easier registration process and operating framework with an aim to attract inflows. Private equity investors may soon get the flexibility in pricing their exits from companies they have invested in as the Reserve Bank of India has agreed to drop stringent valuation norms introduced barely two months ago that were seen to be hindering deals. The income tax department has started their probe on the taxability of the income that shareholders made while submitting their shares in the buyback and open offers of some big companies like, Cairn India , KSK Energy , Petronet Engineering, Gujarat Gas and GlaxoSmithKline Consumer Healthcare.
  • 3. DAILY REPORT 26th MARCH 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 6,600 24.4 4,19,720 49,18,300 NIFTY PE 6,500 3.9 3,27,544 61,45,550 NIFTY PE 6,400 1.4 1,78,386 64,16,300 BANKNIFTY PE 12,200 15.9 48,089 3,50,000 RELIANCE PE 880 9.3 4,073 3,91,750 SBIN PE 1,700 4.9 3,747 3,17,500 TATASTEEL PE 360 1.95 3,489 14,40,000 TCS PE 2,150 19.15 3,189 72,750 MOST ACTIVE CALL OPTION Symbol Option Type Strike Price LTP Traded Volume (Contracts) Open Interest NIFTY CE 6,600 33.7 4,86,112 64,65,000 NIFTY CE 6,700 5.25 2,71,759 56,89,400 NIFTY CE 6,650 13.3 1,47,273 27,91,950 BANKNIFTY CE 12,500 86 55,113 3,85,625 SBIN CE 1,750 16.2 9,221 6,06,625 RELIANCE CE 900 2.95 5,224 11,51,250 ICICIBANK CE 1,250 16.5 4,937 4,23,750 INFY CE 3,300 11.5 4,693 2,53,000 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 166727 5482.11 156431 5135.57 684122 22541.19 346.54 INDEX OPTIONS 451683 14614.25 420968 13564.63 1790060 58774.23 1049.63 STOCK FUTURES 429014 14562.99 452733 15294.42 1196130 39641.51 -731.44 STOCK OPTIONS 51066 1753.29 53696 1865.25 97571 3214.62 -111.96 TOTAL +552.77 INDICES S2 S1 PIVOT R1 R2 NIFTY 6526.01 6557.88 6576.71 6608.58 6627.41 NIFTYJUNIOR 12805.0 12869.5 12909.9 12974.4 13014.8 BANK NIFTY 12326.59 12388.3 12456.0 12517.7 12585.4 STOCKS IN NEWS Tata Motors is planning to raise Rs 300 crore through 4-year 11-month bonds at 10%. Dalmia Cement's capacity to rise to 20 mtpa after JAL deal. Glenmark receives USD 4 mn from Forest Lab as re- search fee. Tata Motors, Renault mull price hike from April. Federal Bank recovers Rs 10 crore dues from King- fisher. NIFTY FUTURE Nifty Future closed in the green in the last trading ses- sion. We advise buying around 6570-6580 levels with strict stop loss of 6550 for the targets of 6615-6645.
  • 4. DAILY REPORT 26th MARCH 2014 YOUR MINTVISORY Call us at +91-731-6642300 RECOMMENDATIONS SILVER TRADING STRATEGY: BUY SILVER(MAY) ABOVE 43650 TGTS 43850/44200 SL 43300 SELL SILVER(MAY) BELOW 43300 TGTS 43100/42850 SL 43650 GOLD TRADING STRATEGY: BUY GOLD(APR) ABOVE 29110 TGTS 29190/29290 SL 28990 SELL GOLD(APR) BELOW 28820 TGTS 28760/28660 SL 28940 COMMODITY ROUNDUP Precious metals lost some of their allure as concerns over Ukraine ease and as U.S. short-term rates have risen. Gold hit a five-week low of $1,305.59 per once on Tuesday and last stood at $1,313.20 while silver dropped to seven-week low of $19.78 per once. US Gold futures further slipped to a low of $1308 per ounce before climbing back to $1314.3 in electronic trading on Tuesday. The latest freeze in Russian-European relations is accelerat- ing Russia's pivot towards China, and an imminent natural gas deal could be a centerpiece of that strategic shift. Copper has started gaining on Tuesday after the hopes of Chinese stimulus measures have overtaken fears of decline in manufacturing numbers in the country. The hopes that China can unveil a policy to stimulate its weak economy has gained ground and sparking Copper. Indian Copper April expiry contract on MCX was trading at Rs 402.3 per kg, up 0.98%. After a series of bashing seen in the month, Copper is looking to move towards Rs 404 per kg in the remaining part of the day. COMEX Copper was holding ground, and was a shy away from $ 3 per pound levels. The prices were last seen at $ 2.99 per pound, up 4 cents. Meanwhile, underlying fundamentals are still weak for the metal, used in electricity and construction. China reported a decline in the manufacturing numbers, while Federal Re- serve is gearing to gradually end the monthly bond buying programme. This has come at the time when the financial deals in the commodity have become a less viable option for Chinese traders who were enjoying the cajoling by the banks in the country. International Copper Study Group (ICSG) has shown that the world Copper markets were in production deficit of 193000 tonnes in the year 2013. The production deficit has shrinked by 27.4% from 266000 ton- nes in 2012. Meanwhile for December 2013, Copper mar- kets were in surplus of 34000 tonnes. MCX gold futures slipped near Rs 29000 per 10 grams today following strong gains in the Indian Rupee on broad losses in the dollar and as foreign investors continued to buy into a record-setting rally in domestic shares this month. COMMODITY MCX
  • 5. DAILY REPORT 26th MARCH 2014 YOUR MINTVISORY Call us at +91-731-6642300 RECOMMENDATIONS GUARSEED BUY GUARSEED APR ABOVE 4655 TGTS 4685,4735 SL 4605 SELL GUARSEED APR BELOW 4600 TGTS 4570,4520 SL 4650 DHANIYA BUY DHANIYA APR ABOVE 8860 TGTS 8890,8940 SL 8810 SELL DHANIYA APR BELOW 8750 TGTS 8720,8670 SL 8800 NCDEX NCDEX INDICES Index Value % Change Castor Seed 4130 -0.29 Chana 3258 +0.03 Coriander 8865 -0.09 Cotton Seed Oilcake 1475 -2.90 Jeera 10170 +1.65 Maize– Feed/Industrial Grade 1200 -1.15 Mustard seed 3393 -0.38 Soy Bean 4171 -1.11 Turmeric 6244 -1.11 NCDEX ROUNDUP Jeera prices rose by 0.95% to Rs 10,100 per quintal in fu- tures trade yesterday as speculators built-up fresh positions driven by a pick up in demand in spot market. However, expectations of higher output limited the gains. At NCDEX, jeera for delivery in April rose by Rs 95, or 0.95%, to Rs 10,100 per quintal with an open interest of 9,576 lots. Simi- larly, the spice for delivery in May gained Rs 95, or 0.94%, to Rs 10,240 per quintal in 4,485 lots. The rise in jeera futures was attributed to pick up in demand in the spot market but expectations of higher output restricted the gains. Potato prices fell 0.29% to Rs 1,218 per quintal in futures trading ysterday due to reduced offtake by traders on sub- dued demand in the spot market. At the MCX potato for delivery in March declined by Rs 3.50, or 0.29%, to Rs 1,218 per quintal in business turnover of 21 lots. Potato for deliv- ery in April also weakened marginally by 70 paise, or 0.06%, to Rs 1,245.40 per quintal in 48 lots. Fall in potato prices at futures trade was mostly due to reduced offtake by traders following subdued demand in the spot market. Potato prices fell 0.29% to Rs 1,218 per quintal in futures trading today due to reduced offtake by traders on subdued demand in the spot market. At the MCX, potato for delivery in March declined by Rs 3.50, or 0.29%, to Rs 1,218 per quintal in business turnover of 21 lots. Potato for delivery in April also weakened marginally by 70 paise, or 0.06%, to Rs 1,245.40 per quintal in 48 lots.
  • 6. DAILY REPORT 26th MARCH 2014 YOUR MINTVISORY Call us at +91-731-6642300 USD/INR SELL USD-INR BELOW 60.42 TGTS 60.29, 60.14 SL 60.70. BUY USD-INR ABOVE 60.79 TGTS 60.92, 61.07 SL 60.51. GBP/INR SELL GBP-INR BELOW 99.66 TGTS 99.52, 99.37 SL 99.94. BUY GBP-INR ABOVE 100.10 TGTS 100.24,100.39 SL 99.82. CURRENCY ROUNDUP Rupee hit its strongest level in 2014 on Tuesday as hopes grew that a stable and business-friendly government would soon be elected, prompting foreign money to flow into markets. The rupee later that month sank to a record low of 68.85 amid a fiscal deficit crisis and waning investor con- fidence as the government struggled to boost growth in the face of global economic turmoil. The Australian dollar hit four-month high of $0.9175 on Tuesday and last stood at $0.9159. Other major currencies were stuck in well-worn ranges, with the euro fetching $1.3816 and the yen changing hands at 102.32 yen to the dollar. The dollar edged up 0.1 percent to 102.38, hovering above this month's low of 101.205. The dollar index was trading up by 0.12 percent against a basket of six major global ri- vals. Banks and exporters continued to sell dollars in view of sustained capital inflows from foreign funds into equity market. The rupee on Tuesday gained 29 paise to close at seven- month high of 60.48 against the dollar on sustained selling of the US currency by exporters and banks. At the Inter- bank Forex market, the domestic unit commenced strong at 60.60 a dollar from previous close of 60.77. Hefty capital inflows helped the rupee to bounce back to a high of 60.44 before settling at almost seven-month high of 60.48, a rise of 29 paise from its previous close. The last time the rupee closed at this level was on August 1, 2013 when it ended at at 60.43. In three straight sessions of gains, the local cur- rency has spurted by 86 paise. The rupee continued to rule firm to end at 99.77 against the pound from last close of 100.30. It strengthened to 83.51 per euro from 83.70. It improved to 59.14 per 100 Japanese yen from 59.33. CURRENCY RBI Reference Rate Currency Rate Currency Rate Rupee- $ 60.4935 Yen-100 59.1700 Euro 83.6745 GBP 99.7719
  • 7. DAILY REPORT 26th MARCH 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 25/03/14 MCX GOLD APR. BUY 29410 29490-29590 29290 NOT EXECUTED 25/03/14 MCX GOLD APR. SELL 29100 29020-29920 29220 BOOKED FULL PROFIT 25/03/14 MCX SILVER MAY BUY 44550 44750-45100 44200 NOT EXECUTED 25/03/14 MCX SILVER MAY SELL 43850 43550-43200 44200 BOOKED PROFIT 25/03/14 NCDEX GUARSEED APR.. BUY 4750 4780-4830 4700 NOT EXECUTED 25/03/14 NCDEX GUARSEED APR. SELL 4690 4660-4610 4740 BOOKED FULL PROFIT 25/03/14 NCDEX DHANIYA APR. BUY 8920 8950-9000 8870 BOOKED FULL PROFIT 25/03/14 NCDEX DHANIYA APR. SELL 8820 8790-8740 8870 BOOKED FULL PROFIT 25/03/14 USD/INR MAR. SELL 60.78 60.65-60.50 61.06 NOT EXECUTED 25/03/14 USD/INR MAR. BUY 61.02 61.15-61.30 60.74 NOT EXECUTED 25/03/14 EUR/INR MAR. SELL 83.60 83.47-83.32 83.88 BOOKED PROFIT 25/03/14 EUR/INR MAR. BUY 84.04 84.17-84.32 83.76 NOT EXECUTED Date Scrip CASH/ FUTURE/ OPTION Strategy Entry Level Target Stop Loss Remark 25/03/14 NIFTY FUTURE BUY 6550- 6540 6580-6625 6500 NOT EXECUTED 25/03/14 INDUSIND BANK FUTURE BUY 490-495 505-520 480 CALL OPEN 25/03/14 GAIL FUTURE BUY 365-370 378-384 360 BOOKED PROFIT 25/03/14 ENGINEERS INDIA CASH BUY 190-195 205-215 180 NOT EXECUTED 24/03/14 HINDPETRO FUTURE SELL 280-265 270-260 290 SL TRIGGERED 24/03/14 JSWSTEEL FUTURE BUY 990-985 1005-1025 965 CALL OPEN 24/03/14 TATAELXSI CASH BUY 580-585 600-625 560 CALL OPEN
  • 8. DAILY REPORT 26th MARCH 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, MARCH 24 9 am Markit 'flash' PMI March -- 57.1 TUESDAY, MARCH 25 9 am Case-Shiller home prices Jan. -- 13.4% y-o-y 9 am FHFA home prices Jan. -- 7.7% y-o-y 10 am Consumer confidence index March -- 78.1 10 am New home sales Feb. -- 468,000 WEDNESDAY, MARCH 26 8:30 am Durable goods orders Feb. -- -1.0% THURSDAY, MARCH 27 8:30 am Weekly jobless claims 3-22 N/A N/A 8:30 am GDP revision 4Q -- 2.4% 10 am Pending home sales Feb. -- 0.1% FRIDAY ,MARCH 28 8:30 am Personal income Feb. -- 0.3% 8:30 am Consumer spending Feb. -- 0.4% 9:55 am UMich consumer sentiment March -- 79.9