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DAILY REPORT
24th
MARCH 2014
YOUR MINTVISORY Call us at +91-731-6642300
Global markets at a glance
World markets steadied on Friday after a volatile week
driven by speculation over shifts in U.S. monetary policy,
with equities holding near break-even, the euro up slightly
against the dollar and crude oil rising on fear of supply dis-
ruptions over Crimea.
European shares edged higher in choppy trading on Friday
and recorded their biggest weekly gain in a month, helped
by a rally in basic resources stocks and some positive tech-
nical buying signals.
Wall Street Update
US stocks slipped on Friday, as investors booked profits in
momentum names heading into the weekend, wiping out
early gains that had pushed the S&P 500 to an intraday
record high. The S&P 500 lost momentum after hitting an
all-time intraday high of 1,883.97, with biotechs among
the primary decliners. Biogen Idec Inc, down 8.2% at USD
318.53, and Gilead Sciences Inc, down 4.6% at USD 72.07,
were the two biggest drags on the S&P 500. The Nasdaq
biotech index fell 4.4%..
The Dow Jones industrial average fell 28.28 points or 0.17
% to 16,302.77. The S&P 500 slipped 5.49 pts or 0.29%, to
1,866.52. The Nasdaq Composite dropped 42.498 pts or
0.98%, to close at 4,276.788.
Previous day Roundup
The market saw consolidation again on Friday with the
both equity benchmarks seeing a flat close. It was opened
with a gap up of more than 100 points on the Sensex fol-
lowing positive global cues, but that was short lived. Inves-
tors were cautious ahead of March series expiry next week
and RBI policy on April 1.
The Sensex rose 13.66 points to close at 21753.75 while
the Nifty advanced 10.10 points to 6493.20 after hovering
around the 6500 level throughout the session.
Index stats
The Market was very volatile in yesterday’s session. The
sartorial indices performed as follow Consumer Durables
[up 43.07pts], Capital Goods [up 31.80pts], PSU [down
22.75pts], FMCG [up 30.20pts], Realty [up 25.04pts],
Power [up 10.78pts], Auto [up 81.78pts], Healthcare
[down 24.23 pts], IT [up 57.49pts], Metals [up 174.10pts],
TECK [up 26.57pts], Oil& Gas [down 173.20pts].
World Indices
Index Value % Change
D J l 16,302.77 -0.17
S&P 500 1,866.52 -0.29
NASDAQ 4,276.79 -0.98
EURO STO 3,096.49 +0.25
FTSE 100 6,557.17 +0.23
Nikkei 225 14,224.23 -1.65
Hong Kong 21,436.70 +1.20
Top Gainers
Company CMP Change % Chg
HINDALCO 123.9 4.25 +3.55
TATASTEEL 362.1 12.15 +3.47
JPASSOCIAT 48.55 1.45 +3.08
BANKBARODA 659.1 +17.85 +2.78
WIPRO 567.15 14.80 +2.68
Top Losers
Company CMP Change % Chg
ONGC 308.1 7.70 -2.44
NMDC 128.95 3.20 -2.42
RELIANCE 884.6 21.40 -2.36
HEROMOTOCO 2,061.9 42.70 -2.03
Stocks at 52 Week’s high
Symbol Prev. Close Change %Chg
APOLLOTYRE 144.20 6.75 +1.45
BATAINDIA 1106.00 2.55 -0.23
KIRIINDUS 73.30 3.45 +4.94
NRBBEARING 48.70 1.10 2.31
Indian Indices
Company CMP Change % Chg
NIFTY 6,493.20 10.10 +0.16
SENSEX 21,753.75 +13.66 +0.06
Stocks at 52 Week’s Low
Symbol Prev. Close Change %Chg
CASTROLIND 287.15 2.25 -0.78
ESSARPORTS 49.35 0.20 +0.41
- -
DAILY REPORT
24th
MARCH 2014
YOUR MINTVISORY Call us at +91-731-6642300
STOCK RECOMMENDATIONS [FUTURE]
1. HINDPETRO
HIND PETRO FUTURE is looking weak on charts, short build
up has been seen, we may see more downside, if it sustains
below 280 levels. We advise selling around 280-285 levels
with strict stop loss 290 for the targets of 270-260 levels.
2. JSWSTEEL
JSW STEEL FUTURE is looking strong on charts, long build up
has been seen, we may see more upside, if it sustains above
990 levels. We advise buying around 990-985 levels with
strict stop loss 965 for the targets of 1005-1025 levels.
EQUITY CASH & FUTURE
STOCK RECOMMENDATION [CASH]
1. TATA ELXSI
TATA ELXSI is looking to take support from lows. We advise
buying around 580-585 levels with strict stop loss of 560 for
the targets of 600-625 levels.
MACRO NEWS
RBI sends bank licence applicant list to EC; IDFC, L&T
Finance, LIC Housing top contenders.
With the increase in foreign investment limit in Federal
Bank to 74%, foreign investors will be allowed to pur-
chase stake in the private bank, RBI said on Friday. Fed-
eral Bank has removed from the ban list and the restric-
tions placed on the purchase of shares have withdrawn
with immediate effect, apex bank said.
The Election Commission has asked the News Broad-
casters Association to take action against Zee News
based on a complaint filed by Congress member of Par-
liament and chairman of Jindal Steel and Power.
Govt. raises Rs 5,500cr from SUUTI stake sale in Axis
Bank.
Morgan Stanley sees RBI holding rates on April 1, CPI
rising.
Fitch Ratings on Friday affirmed US long-term foreign
and local currency credit ratings at 'AAA' with a stable
outlook, taking the country off negative ratings watch.
MCX -SX -Extends rights issue subscription period till
April 17.
DAILY REPORT
24th
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 6,500 32.3 36,365 49,15,100
NIFTY PE 6,400 8.2 34,868 67,08,000
NIFTY PE 6,300 2.65 18,665 49,18,050
BANKNIFTY PE 12,000 62 4,117 5,01,650
MCDOWELL-N PE 2,600 23 813 2,63,500
AXISBANK PE 1,350 12.3 716 5,30,500
INFY PE 3,300 29.45 346 2,02,625
TCS PE 2,100 13.4 346 2,10,375
MOST ACTIVE CALL OPTION
Symbol Option
Type
Strike
Price
LTP Traded
Volume
(Contracts)
Open
Interest
NIFTY CE 6,600 9.95 46,579 65,69,850
NIFTY CE 6,500 47.9 36,006 52,61,550
NIFTY CE 6,550 23.2 19,848 22,13,650
BANKNIFTY CE 12,500 13.45 3,802 3,53,900
MCDOWELL-N CE 2,800 45 1,561 1,65,125
AXISBANK CE 1,400 12.9 1,006 5,92,500
RELIANCE CE 900 7.75 826 12,04,500
SBIN CE 1,700 25 571 4,76,250
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 68969 2236.47 93817 3038.66 555709 17993.32 -802.19
INDEX OPTIONS 394406 12559.59 371820 11850.66 1714319 55405.50 708.93
STOCK FUTURES 143052 4831.55 162338 5414.60 1099690 35759.79 -583.05
STOCK OPTIONS 70206 2331.14 74001 2438.58 99551 3208.25 -107.44
TOTAL -783.75
INDICES S2 S1 PIVOT R1 R2
NIFTY 6463.4 6478.29 6500.6 6515.49 6537.79
NIFTYJUNIOR 12697.86 12728.43 12768.96 12799.53 12840.06
BANK NIFTY 12006.55 12049.45 12086.3 12129.2 12166.05
STOCKS IN NEWS
IT major TCS ranked top employer in Europe for sec-
ond consecutive year
Tatas get another 4-month extension to operate Taj
Mansingh
Tesco confirms joint venture with Tata Group in India.
IDBI Bank sells its entire 18.95 percent holding in Stock
Holding Corporation of India to IFCI.
Reliance Power : Reliance Infrastructure creates pledge
on 18.7 crore shares in company.
United Bank cuts base rate to 10.25 percent from
10.50 percent effective today.
NIFTY FUTURE
Nifty Future closed in the red in the last trading session.
We advise selling around 6550-6540 levels with strict
stop loss of 6580 for the targets of 6510-6450.
DAILY REPORT
24th
MARCH 2014
YOUR MINTVISORY Call us at +91-731-6642300
RECOMMENDATIONS
SILVER
TRADING STRATEGY:
BUY SILVER(MAY) ABOVE 45000 TGTS 45250/45600 SL
44650
SELL SILVER(MAY) BELOW 44500 TGTS 44250/43900 SL
45850
GOLD
TRADING STRATEGY:
BUY GOLD(APR) ABOVE 29850 TGTS 29930/30030 SL 29750
SELL GOLD(APR) BELOW 29600 TGTS 29520/29400 SL 29710
COMMODITY ROUNDUP
MCX Crude oil futures recovered from their lows, after fal-
ling well under Rs 6100 per barrel in intraday trades. Global
crude oil prices eased in Asia on demand concerns and the
extension of gains for the US dollar after Federal Reserve
Chair Janet Yellen suggested rate hikes could come around
the first half of 2015. However, prices rose in afternoon as
European shares edged up after recent losses. WTI futures
trade at $99.35, up 45 cents per barrel on the day. MCX
Crude is at Rs 6096, up Rs 11 per barrel on the day with a
massive 60 increase in the open interest.
NYMEX crude oil prices had dropped near $98 per barrel
last night before improving following gains in the US equi-
ties amid a positive set of economic data. US crude oil
stockpiles soared nearly 6 million barrels last week, as refin-
ery utilization rates fell to the lowest levels in nearly a year,
according to government data released on Wednesday.
Crude stocks at the Cushing, Oklahoma, the pricing hub for
WTI futures dropped 989,000 barrels as a TransCanada Corp
pipeline continued to drain oil to the Gulf Coast, where
stocks rose 4.7 million barrels to the highest level yet this
year.
Increasing pressure from cheaper Chinese primary steel im-
ports could prompt domestic producers to slash product
prices for April, say analysts and industry officials.
A latest update from 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. After making seasonal adjustment the produc-
tion deficit was 337000 tonnes in 2013. Meanwhile for De-
cember2013, Copper markets were in surplus of 34000 ton-
nes. Taking into consideration seasonal adjustments the
production deficit was 57000 tonnes. On MCX, Copper re-
covered sharply and was last seen trading at Rs 404.2 per
kg, up 1%. The prices have seen sudden jump in what can
be called as a weekend bottom fishing rally. The prices were
expected to test Rs 395 per kg before the bounce, but the
recovery has been noted from intraday low levels of Rs
398.1 per kg.
COMMODITY MCX
DAILY REPORT
24th
MARCH 2014
YOUR MINTVISORY Call us at +91-731-6642300
RECOMMENDATIONS
GUARSEED
BUY GUARSEED APR ABOVE 4770 TGTS 4800,4850 SL 4720
SELL GUARSEED APR BELOW 4690 TGTS 4660,4590 SL 4740
DHANIYA
BUY DHANIYA APR ABOVE 9050 TGTS 9080,9130 SL 9000
SELL DHANIYA APR BELOW 8820 TGTS 8790,8840 SL 8870
NCDEX
NCDEX INDICES
Index Value % Change
Castor Seed 4202 +0.74
Chana 3243 -1.61
Coriander 9180 -1.21
Cotton Seed Oilcake 1530 -0.97
Jeera 10095 +1.56
Maize– Feed/Industrial
Grade
1213 -0.74
Mustard seed 3406 -1.50
Soy Bean 4248 -1034
Turmeric 6454 +0.66
NCDEX ROUNDUP
Potato prices edged higher by 1.39% to Rs 1,236 per quintal
in futures market yesterday as speculators increased their
positions supported by a firming trend at spot markets on
rising demand. At MCX, potato for delivery in April surged
by Rs 17, or 1.39%, to Rs 1,236 per quintal with a business
turnover of 54 lots. Potato prices for delivery in March also
jumped up by Rs 14.80, or 1.23%, to Rs 1,215 per quintal,
with trading volume of 13 lots. Improved demand against
restricted arrivals from producing regions mainly supported
the upside in potato prices at futures trade.
Coriander prices fell by 1.58% to Rs 9,329 per quintal in fu-
tures trade yesterday as speculators booked profits at exist-
ing higher levels amid fall in demand at spot markets. At the
NCDEX, coriander prices for delivery in May fell by Rs 150,
or 1.58%, to Rs 9,329 per quintal with open interest of
40,890 lots. The price for April delivery declined by Rs 138,
or 1.49% to Rs 9,154 per quintal with open interest of
34,050 lots. Besides profit-booking by speculators at exist-
ing higher levels, sluggish demand in the spot market led to
the fall in coriander futures prices.
Crude palm oil prices fell by 0.79% to Rs 589.30 per 10 kg in
futures trading as speculators offloaded their positions due
to subdued demand in the spot market against sufficient
supplies. At MCX, crude palm oil for delivery in March fell by
Rs 4.70, or 0.79%, to Rs 589.30 per 10 kg in business turn-
over of 53 lots.
DAILY REPORT
24th
MARCH 2014
YOUR MINTVISORY Call us at +91-731-6642300
USD/INR
SELL USD-INR BELOW 60.95 TGTS 60.81, 60.66 SL 61.23.
BUY USD-INR ABOVE 61.49 TGTS 61.63, 61.78 SL 61.21.
GBP/INR
SELL GBP-INR BELOW 100.71 TGTS 100.57,100.42 SL
100.99.
BUY GBP-INR ABOVE 101.18 TGTS 101.32,101.47 SL
100.90.
CURRENCY ROUNDUP
The Indian rupee rose the most in two weeks on Friday to
gain 0.5 percent for the week on the back of strong foreign
flows into domestic markets even as other emerging Asian
currencies buckled over concerns about U.S. interest rates
and China's weakening yuan. Foreign funds have poured in
$3.8 billion in domestic equities and bonds in March, send-
ing indexes to record highs on Tuesday.
The value of the dollar's net long position dropped to
$19.91 billion in the week ended March 18, from $10.56
billion the previous week. That was the most net long on
the dollar since the week of Feb. 4. Investors put money
into the dollar this week after the United States and the
European Union imposed only personal sanctions on a small
number of Russian and Crimean officials after a vote last
Sunday when Crimea overwhelmingly voted to secede from
Ukraine.
The dollar index, which measures the greenback's value
against a basket of major currencies, rose 0.81 percent this
week for its largest weekly gain since late January. Overall,
investors have maintained net long positions on the dollar
for 20 consecutive weeks. The last time speculators were
short the greenback was in late October 2013. To be long a
currency is a view it will rise, while being short is a bet its
value will decline.
The US dollar gained from its two and half year low against
the Euro after Yellen suggested at a Wednesday press con-
ference that interest rates could rise six months after the
Fed's bond-buying program ends. The Fed is currently buy-
ing $55 billion in Treasury and mortgage debt a month, and
expectations for the monetary authority to taper that figure
gradually and close the program by fall followed by rate
hikes in 2015 strengthened the dollar against most major
currencies.
CURRENCY
RBI Reference Rate
Currency Rate Currency Rate
Rupee- $ 61.0465 Yen-100 59.6400
Euro 84.1755 GBP 100.8061
DAILY REPORT
24th
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
21/03/14 MCX GOLD APR. BUY 29900 29980-30080 29780 SL TRIGGERED
21/03/14 MCX GOLD APR. SELL 29700 29620-29520 29820 SL TRIGGERED
21/03/14 MCX SILVER MAY BUY 45250 45450-45800 44900 SL TRIGGERED
21/03/14 MCX SILVER MAY SELL 45700 45500-45150 46050 NO PROFIT NO LOSS
21/03/14 NCDEX GUARSEED APR.. BUY 4795 4835-4885 4745 NOT EXECUTED
21/03/14 NCDEX GUARSEED APR. SELL 4720 4690-4640 4770 BOOKED PROFIT
21/03/14 NCDEX DHANIYA APR. BUY 9335 9365-9405 9285 NOT EXECUTED
21/03/14 NCDEX DHANIYA APR. SELL 9270 9240-9190 9320 BOOKED FULL PROFIT
21/03/14 JPY/INR MAR. SELL 59.92 59.78-59.63 60.20 BOOKED PROFIT
21/03/14 JPY/INR MAR. BUY 60.65 60.79-60.94 60.37 NOT EXECUTED
21/03/14 EUR/INR MAR. SELL 84.42 84.28-84.13 84.70 NOT EXECUTED
21/03/14 EUR/INR MAR. BUY 84.98 85.12-85.27 84.70 NOT EXECUTED
Date Scrip
CASH/
FUTURE/
OPTION
Strategy Entry Level Target Stop Loss Remark
21/03/14 NIFTY FUTURE SELL
6500-
6540
6510-6450 6580 NOT EXECUTED
21/03/14 HDIL FUTURE BUY 570-575 580-590 560 BOOKED PROFIT
21/03/14 MC DOWELL FUTURE BUY
2600-
2625
2700-2750 2545 NOT EXECUTED
21/03/14 SAVITA OIL TECH CASH BUY 440-460 500-520 400 NOT EXECUTED
20/03/14 VOLTAS FUTURE BUY 148-150 152-155 145 BOOKED PROFIT
18/03/14
SOMANI CERAM-
ICS
CASH BUY 155-160 170-185 145 CALL OPEN
10/02/14 KRBL CASH BUY 45-46 50-54 40 CALL OPEN
DAILY REPORT
24th
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
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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, 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 24 march 2014

  • 1. DAILY REPORT 24th MARCH 2014 YOUR MINTVISORY Call us at +91-731-6642300 Global markets at a glance World markets steadied on Friday after a volatile week driven by speculation over shifts in U.S. monetary policy, with equities holding near break-even, the euro up slightly against the dollar and crude oil rising on fear of supply dis- ruptions over Crimea. European shares edged higher in choppy trading on Friday and recorded their biggest weekly gain in a month, helped by a rally in basic resources stocks and some positive tech- nical buying signals. Wall Street Update US stocks slipped on Friday, as investors booked profits in momentum names heading into the weekend, wiping out early gains that had pushed the S&P 500 to an intraday record high. The S&P 500 lost momentum after hitting an all-time intraday high of 1,883.97, with biotechs among the primary decliners. Biogen Idec Inc, down 8.2% at USD 318.53, and Gilead Sciences Inc, down 4.6% at USD 72.07, were the two biggest drags on the S&P 500. The Nasdaq biotech index fell 4.4%.. The Dow Jones industrial average fell 28.28 points or 0.17 % to 16,302.77. The S&P 500 slipped 5.49 pts or 0.29%, to 1,866.52. The Nasdaq Composite dropped 42.498 pts or 0.98%, to close at 4,276.788. Previous day Roundup The market saw consolidation again on Friday with the both equity benchmarks seeing a flat close. It was opened with a gap up of more than 100 points on the Sensex fol- lowing positive global cues, but that was short lived. Inves- tors were cautious ahead of March series expiry next week and RBI policy on April 1. The Sensex rose 13.66 points to close at 21753.75 while the Nifty advanced 10.10 points to 6493.20 after hovering around the 6500 level throughout the session. Index stats The Market was very volatile in yesterday’s session. The sartorial indices performed as follow Consumer Durables [up 43.07pts], Capital Goods [up 31.80pts], PSU [down 22.75pts], FMCG [up 30.20pts], Realty [up 25.04pts], Power [up 10.78pts], Auto [up 81.78pts], Healthcare [down 24.23 pts], IT [up 57.49pts], Metals [up 174.10pts], TECK [up 26.57pts], Oil& Gas [down 173.20pts]. World Indices Index Value % Change D J l 16,302.77 -0.17 S&P 500 1,866.52 -0.29 NASDAQ 4,276.79 -0.98 EURO STO 3,096.49 +0.25 FTSE 100 6,557.17 +0.23 Nikkei 225 14,224.23 -1.65 Hong Kong 21,436.70 +1.20 Top Gainers Company CMP Change % Chg HINDALCO 123.9 4.25 +3.55 TATASTEEL 362.1 12.15 +3.47 JPASSOCIAT 48.55 1.45 +3.08 BANKBARODA 659.1 +17.85 +2.78 WIPRO 567.15 14.80 +2.68 Top Losers Company CMP Change % Chg ONGC 308.1 7.70 -2.44 NMDC 128.95 3.20 -2.42 RELIANCE 884.6 21.40 -2.36 HEROMOTOCO 2,061.9 42.70 -2.03 Stocks at 52 Week’s high Symbol Prev. Close Change %Chg APOLLOTYRE 144.20 6.75 +1.45 BATAINDIA 1106.00 2.55 -0.23 KIRIINDUS 73.30 3.45 +4.94 NRBBEARING 48.70 1.10 2.31 Indian Indices Company CMP Change % Chg NIFTY 6,493.20 10.10 +0.16 SENSEX 21,753.75 +13.66 +0.06 Stocks at 52 Week’s Low Symbol Prev. Close Change %Chg CASTROLIND 287.15 2.25 -0.78 ESSARPORTS 49.35 0.20 +0.41 - -
  • 2. DAILY REPORT 24th MARCH 2014 YOUR MINTVISORY Call us at +91-731-6642300 STOCK RECOMMENDATIONS [FUTURE] 1. HINDPETRO HIND PETRO FUTURE is looking weak on charts, short build up has been seen, we may see more downside, if it sustains below 280 levels. We advise selling around 280-285 levels with strict stop loss 290 for the targets of 270-260 levels. 2. JSWSTEEL JSW STEEL FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sustains above 990 levels. We advise buying around 990-985 levels with strict stop loss 965 for the targets of 1005-1025 levels. EQUITY CASH & FUTURE STOCK RECOMMENDATION [CASH] 1. TATA ELXSI TATA ELXSI is looking to take support from lows. We advise buying around 580-585 levels with strict stop loss of 560 for the targets of 600-625 levels. MACRO NEWS RBI sends bank licence applicant list to EC; IDFC, L&T Finance, LIC Housing top contenders. With the increase in foreign investment limit in Federal Bank to 74%, foreign investors will be allowed to pur- chase stake in the private bank, RBI said on Friday. Fed- eral Bank has removed from the ban list and the restric- tions placed on the purchase of shares have withdrawn with immediate effect, apex bank said. The Election Commission has asked the News Broad- casters Association to take action against Zee News based on a complaint filed by Congress member of Par- liament and chairman of Jindal Steel and Power. Govt. raises Rs 5,500cr from SUUTI stake sale in Axis Bank. Morgan Stanley sees RBI holding rates on April 1, CPI rising. Fitch Ratings on Friday affirmed US long-term foreign and local currency credit ratings at 'AAA' with a stable outlook, taking the country off negative ratings watch. MCX -SX -Extends rights issue subscription period till April 17.
  • 3. DAILY REPORT 24th 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 6,500 32.3 36,365 49,15,100 NIFTY PE 6,400 8.2 34,868 67,08,000 NIFTY PE 6,300 2.65 18,665 49,18,050 BANKNIFTY PE 12,000 62 4,117 5,01,650 MCDOWELL-N PE 2,600 23 813 2,63,500 AXISBANK PE 1,350 12.3 716 5,30,500 INFY PE 3,300 29.45 346 2,02,625 TCS PE 2,100 13.4 346 2,10,375 MOST ACTIVE CALL OPTION Symbol Option Type Strike Price LTP Traded Volume (Contracts) Open Interest NIFTY CE 6,600 9.95 46,579 65,69,850 NIFTY CE 6,500 47.9 36,006 52,61,550 NIFTY CE 6,550 23.2 19,848 22,13,650 BANKNIFTY CE 12,500 13.45 3,802 3,53,900 MCDOWELL-N CE 2,800 45 1,561 1,65,125 AXISBANK CE 1,400 12.9 1,006 5,92,500 RELIANCE CE 900 7.75 826 12,04,500 SBIN CE 1,700 25 571 4,76,250 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 68969 2236.47 93817 3038.66 555709 17993.32 -802.19 INDEX OPTIONS 394406 12559.59 371820 11850.66 1714319 55405.50 708.93 STOCK FUTURES 143052 4831.55 162338 5414.60 1099690 35759.79 -583.05 STOCK OPTIONS 70206 2331.14 74001 2438.58 99551 3208.25 -107.44 TOTAL -783.75 INDICES S2 S1 PIVOT R1 R2 NIFTY 6463.4 6478.29 6500.6 6515.49 6537.79 NIFTYJUNIOR 12697.86 12728.43 12768.96 12799.53 12840.06 BANK NIFTY 12006.55 12049.45 12086.3 12129.2 12166.05 STOCKS IN NEWS IT major TCS ranked top employer in Europe for sec- ond consecutive year Tatas get another 4-month extension to operate Taj Mansingh Tesco confirms joint venture with Tata Group in India. IDBI Bank sells its entire 18.95 percent holding in Stock Holding Corporation of India to IFCI. Reliance Power : Reliance Infrastructure creates pledge on 18.7 crore shares in company. United Bank cuts base rate to 10.25 percent from 10.50 percent effective today. NIFTY FUTURE Nifty Future closed in the red in the last trading session. We advise selling around 6550-6540 levels with strict stop loss of 6580 for the targets of 6510-6450.
  • 4. DAILY REPORT 24th MARCH 2014 YOUR MINTVISORY Call us at +91-731-6642300 RECOMMENDATIONS SILVER TRADING STRATEGY: BUY SILVER(MAY) ABOVE 45000 TGTS 45250/45600 SL 44650 SELL SILVER(MAY) BELOW 44500 TGTS 44250/43900 SL 45850 GOLD TRADING STRATEGY: BUY GOLD(APR) ABOVE 29850 TGTS 29930/30030 SL 29750 SELL GOLD(APR) BELOW 29600 TGTS 29520/29400 SL 29710 COMMODITY ROUNDUP MCX Crude oil futures recovered from their lows, after fal- ling well under Rs 6100 per barrel in intraday trades. Global crude oil prices eased in Asia on demand concerns and the extension of gains for the US dollar after Federal Reserve Chair Janet Yellen suggested rate hikes could come around the first half of 2015. However, prices rose in afternoon as European shares edged up after recent losses. WTI futures trade at $99.35, up 45 cents per barrel on the day. MCX Crude is at Rs 6096, up Rs 11 per barrel on the day with a massive 60 increase in the open interest. NYMEX crude oil prices had dropped near $98 per barrel last night before improving following gains in the US equi- ties amid a positive set of economic data. US crude oil stockpiles soared nearly 6 million barrels last week, as refin- ery utilization rates fell to the lowest levels in nearly a year, according to government data released on Wednesday. Crude stocks at the Cushing, Oklahoma, the pricing hub for WTI futures dropped 989,000 barrels as a TransCanada Corp pipeline continued to drain oil to the Gulf Coast, where stocks rose 4.7 million barrels to the highest level yet this year. Increasing pressure from cheaper Chinese primary steel im- ports could prompt domestic producers to slash product prices for April, say analysts and industry officials. A latest update from 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. After making seasonal adjustment the produc- tion deficit was 337000 tonnes in 2013. Meanwhile for De- cember2013, Copper markets were in surplus of 34000 ton- nes. Taking into consideration seasonal adjustments the production deficit was 57000 tonnes. On MCX, Copper re- covered sharply and was last seen trading at Rs 404.2 per kg, up 1%. The prices have seen sudden jump in what can be called as a weekend bottom fishing rally. The prices were expected to test Rs 395 per kg before the bounce, but the recovery has been noted from intraday low levels of Rs 398.1 per kg. COMMODITY MCX
  • 5. DAILY REPORT 24th MARCH 2014 YOUR MINTVISORY Call us at +91-731-6642300 RECOMMENDATIONS GUARSEED BUY GUARSEED APR ABOVE 4770 TGTS 4800,4850 SL 4720 SELL GUARSEED APR BELOW 4690 TGTS 4660,4590 SL 4740 DHANIYA BUY DHANIYA APR ABOVE 9050 TGTS 9080,9130 SL 9000 SELL DHANIYA APR BELOW 8820 TGTS 8790,8840 SL 8870 NCDEX NCDEX INDICES Index Value % Change Castor Seed 4202 +0.74 Chana 3243 -1.61 Coriander 9180 -1.21 Cotton Seed Oilcake 1530 -0.97 Jeera 10095 +1.56 Maize– Feed/Industrial Grade 1213 -0.74 Mustard seed 3406 -1.50 Soy Bean 4248 -1034 Turmeric 6454 +0.66 NCDEX ROUNDUP Potato prices edged higher by 1.39% to Rs 1,236 per quintal in futures market yesterday as speculators increased their positions supported by a firming trend at spot markets on rising demand. At MCX, potato for delivery in April surged by Rs 17, or 1.39%, to Rs 1,236 per quintal with a business turnover of 54 lots. Potato prices for delivery in March also jumped up by Rs 14.80, or 1.23%, to Rs 1,215 per quintal, with trading volume of 13 lots. Improved demand against restricted arrivals from producing regions mainly supported the upside in potato prices at futures trade. Coriander prices fell by 1.58% to Rs 9,329 per quintal in fu- tures trade yesterday as speculators booked profits at exist- ing higher levels amid fall in demand at spot markets. At the NCDEX, coriander prices for delivery in May fell by Rs 150, or 1.58%, to Rs 9,329 per quintal with open interest of 40,890 lots. The price for April delivery declined by Rs 138, or 1.49% to Rs 9,154 per quintal with open interest of 34,050 lots. Besides profit-booking by speculators at exist- ing higher levels, sluggish demand in the spot market led to the fall in coriander futures prices. Crude palm oil prices fell by 0.79% to Rs 589.30 per 10 kg in futures trading as speculators offloaded their positions due to subdued demand in the spot market against sufficient supplies. At MCX, crude palm oil for delivery in March fell by Rs 4.70, or 0.79%, to Rs 589.30 per 10 kg in business turn- over of 53 lots.
  • 6. DAILY REPORT 24th MARCH 2014 YOUR MINTVISORY Call us at +91-731-6642300 USD/INR SELL USD-INR BELOW 60.95 TGTS 60.81, 60.66 SL 61.23. BUY USD-INR ABOVE 61.49 TGTS 61.63, 61.78 SL 61.21. GBP/INR SELL GBP-INR BELOW 100.71 TGTS 100.57,100.42 SL 100.99. BUY GBP-INR ABOVE 101.18 TGTS 101.32,101.47 SL 100.90. CURRENCY ROUNDUP The Indian rupee rose the most in two weeks on Friday to gain 0.5 percent for the week on the back of strong foreign flows into domestic markets even as other emerging Asian currencies buckled over concerns about U.S. interest rates and China's weakening yuan. Foreign funds have poured in $3.8 billion in domestic equities and bonds in March, send- ing indexes to record highs on Tuesday. The value of the dollar's net long position dropped to $19.91 billion in the week ended March 18, from $10.56 billion the previous week. That was the most net long on the dollar since the week of Feb. 4. Investors put money into the dollar this week after the United States and the European Union imposed only personal sanctions on a small number of Russian and Crimean officials after a vote last Sunday when Crimea overwhelmingly voted to secede from Ukraine. The dollar index, which measures the greenback's value against a basket of major currencies, rose 0.81 percent this week for its largest weekly gain since late January. Overall, investors have maintained net long positions on the dollar for 20 consecutive weeks. The last time speculators were short the greenback was in late October 2013. To be long a currency is a view it will rise, while being short is a bet its value will decline. The US dollar gained from its two and half year low against the Euro after Yellen suggested at a Wednesday press con- ference that interest rates could rise six months after the Fed's bond-buying program ends. The Fed is currently buy- ing $55 billion in Treasury and mortgage debt a month, and expectations for the monetary authority to taper that figure gradually and close the program by fall followed by rate hikes in 2015 strengthened the dollar against most major currencies. CURRENCY RBI Reference Rate Currency Rate Currency Rate Rupee- $ 61.0465 Yen-100 59.6400 Euro 84.1755 GBP 100.8061
  • 7. DAILY REPORT 24th 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 21/03/14 MCX GOLD APR. BUY 29900 29980-30080 29780 SL TRIGGERED 21/03/14 MCX GOLD APR. SELL 29700 29620-29520 29820 SL TRIGGERED 21/03/14 MCX SILVER MAY BUY 45250 45450-45800 44900 SL TRIGGERED 21/03/14 MCX SILVER MAY SELL 45700 45500-45150 46050 NO PROFIT NO LOSS 21/03/14 NCDEX GUARSEED APR.. BUY 4795 4835-4885 4745 NOT EXECUTED 21/03/14 NCDEX GUARSEED APR. SELL 4720 4690-4640 4770 BOOKED PROFIT 21/03/14 NCDEX DHANIYA APR. BUY 9335 9365-9405 9285 NOT EXECUTED 21/03/14 NCDEX DHANIYA APR. SELL 9270 9240-9190 9320 BOOKED FULL PROFIT 21/03/14 JPY/INR MAR. SELL 59.92 59.78-59.63 60.20 BOOKED PROFIT 21/03/14 JPY/INR MAR. BUY 60.65 60.79-60.94 60.37 NOT EXECUTED 21/03/14 EUR/INR MAR. SELL 84.42 84.28-84.13 84.70 NOT EXECUTED 21/03/14 EUR/INR MAR. BUY 84.98 85.12-85.27 84.70 NOT EXECUTED Date Scrip CASH/ FUTURE/ OPTION Strategy Entry Level Target Stop Loss Remark 21/03/14 NIFTY FUTURE SELL 6500- 6540 6510-6450 6580 NOT EXECUTED 21/03/14 HDIL FUTURE BUY 570-575 580-590 560 BOOKED PROFIT 21/03/14 MC DOWELL FUTURE BUY 2600- 2625 2700-2750 2545 NOT EXECUTED 21/03/14 SAVITA OIL TECH CASH BUY 440-460 500-520 400 NOT EXECUTED 20/03/14 VOLTAS FUTURE BUY 148-150 152-155 145 BOOKED PROFIT 18/03/14 SOMANI CERAM- ICS CASH BUY 155-160 170-185 145 CALL OPEN 10/02/14 KRBL CASH BUY 45-46 50-54 40 CALL OPEN
  • 8. DAILY REPORT 24th 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