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DAILY REPORT
23rd
APRIL 2014
YOUR MINTVISORY Call us at +91-731-6642300
Global markets at a glance
Asian shares were supported on Tuesday after Wall Street
stocks extended gains into a fifth day, though investors
continued to see tensions in Ukraine as a threat to risk ap-
petite.
Japan's Nikkei share average opened up 0.5 percent.
MSCI's broadest index of Asia-Pacific shares outside Japan
was almost flat in early trade, but not far from a six-month
high hit earlier this month.
Wall Street Update
U.S. markets were optimistic yesterday on a solid gain in
U.S. leading indicators and signs that earnings are improv-
ing, All of Monday's U.S. corporate results showed upside
earnings surprises.
The Dow Jones industrial average .DJI rose 40.71 points or
0.25 percent, to end at 16,449.25. The S&P 500 .SPX
gained 7.04 points or 0.38 percent, to close at 1,871.89.
The Nasdaq Composite .IXIC added 26.03 points or 0.64
percent, to finish at 4,121.546.
Previous day Roundup
Equity benchmarks saw new record highs (at closing) on
Monday with the Nifty closing above the 6800-mark for
the first time supported by capital goods, auto and banks
stocks. However, the fall in FMCG, technology, pharma
and HDFC group stocks capped the upside. The Sensex
climbed 135.99 points to close at 22764.83 and the Nifty
rose 38.25 points to 6817.65, continuing uptrend for the
second consecutive session.
Indian shares hit record highs on Monday as lenders such
as Axis Bank rallied ahead of their financial results starting
later this week, while strong gains in debt markets reduced
concerns about potential losses in the sector's bond port-
folios.
Index stats
The Market was very volatile in yesterday s session. The
sartorial indices performed as follow Consumer Durables
[up 27.58pts], Capital Goods [up 351.13pts], PSU [up
84.98pts], FMCG [down 27.37pts], Realty [down 4.12pts],
Power [up 6.54pts], Auto [up 179.60pts], Healthcare [up
4.12pts], IT [down 60.92pts], Metals [up 238.47pts], TECK
[down 8.91pts], Oil& Gas [up 18.93 pts].
World Indices
Index Value % Change
D J l 16514.37 +0.40
S&P 500 1879.55 +0.41
NASDAQ 4161.46 +0.97
EURO STO 3,199.69 +1.39
FTSE 100 6,681.76 +0.85
Nikkei 225 14,470.54 +0.57
Hong Kong 22,675.37 -0.24
Top Gainers
Company CMP Change % Chg
BPCL 484.10 20.25 +4.37
LUPIN 984.00 27.10 +2.83
GAIL 380.00 6.55 +1.75
HDFCBANK 728.70 12.25 +1.71
LT 1344.95 22.40 +1.69
Top Losers
Company CMP Change % Chg
SSLT 193.35 8.30 -4.12
WIPRO 531.70 14.50 -2.65
PNB 787.40 17.85 -2.22
JINDALSTEL 277.00 5.25 -1.86
INDUSINDBK 498.15 8.25 -1.63
Stocks at 52 Week’s high
Symbol Prev. Close Change %Chg
ATULAUTO 404.70 30.25 +8.08
BPCL 484.10 20.25 +4.37
DREDGECORP 316.60 29.75 +10.37
HEG 240.00 4.60 -1.88
HINDALCO 144.45 +0.95 +0.66
Indian Indices
Company CMP Change % Chg
NIFTY 6815.35 -2.30 -0.03
SENSEX 22758.37 -6.46 -0.03
Stocks at 52 Week’s Low
Symbol Prev. Close Change %Chg
DAILY REPORT
23rd
APRIL 2014
YOUR MINTVISORY Call us at +91-731-6642300
STOCK RECOMMENDATIONS [FUTURE]
1. APOLLO TYRE [FUTURE]
APOLLO TYRE FUTURE is looking weak on charts, short build
up has been seen, we may see more downside, if it sustains
below 170 levels. We advise buying around 170-172 levels
with strict stop loss 175 for the targets of 168-165 levels.
2. HIND PETRO[FUTURE]
HIND PETRO FUTURE is looking strong on charts, long build
up has been seen, we may see more upside, if it sustains
above 325 levels. We advise buying around 325-328 levels
with strict stop loss 320 for the targets of 332-335 levels.
EQUITY CASH & FUTURE
STOCK RECOMMENDATION [CASH]
1. DREDGING CORP
DREDGING CORP is looking strong on charts. We advise buy-
ing around 310-320 levels with strict stop loss of 295 for the
targets of 330-345 levels.
MACRO NEWS
HDFC Bank Ltd said its quarterly net profit rose 23%, the
slowest growth in a more than a decade and slightly lower
than estimates, as a weaker economy put the brakes on
lending. The Mumbai-based bank said net profit rose to
Rs 2327cr. for the fiscal Q4 ending March from Rs 1890cr.
in the same year-ago period.
The central bank on Monday notified that the aggregate
share holding by FII under the PIS in South Indian Bank
have gone below the prescribed threshold caution limit
stipulated under the extant FDI policy.
CCI gives green signal to General Electric-Thermo Fisher
deal.
International Tractors Ltd signs pact with L&T Finance for
vehicle loans.
Auto parts exports from India up 4.4 per cent at $9.7 bn in
2013.
MRF rolls out tyres for Sukhoi aircraft.
Miners don't see Goa mining restart before 1-2 years.
IMD monsoon forecast due on Thursday.
Yes Bank board to meet on Wednesday to settle row.
Kishore Biyani to pull out of merger talks with L&T.
DAILY REPORT
23rd
APRIL 2014
YOUR MINTVISORY Call us at +91-731-6642300
FUTURE & OPTION
MOST ACTIVE PUT OPTION
Symbol Op-
tion
Type
Strike
Price
LTP Traded
Volume
(Contracts
)
Open
Interest
NIFTY PE 6,800 9.15 6,73,734 61,02,100
NIFTY PE 6,700 0.8 3,12,578 59,01,700
NIFTY PE 6,850 23.55 2,34,442 18,72,350
BANKNIFTY PE 13,000 54 53,575 2,78,425
RELIANCE PE 960 2.5 4,904 2,65,000
SBIN PE 2,050 13.6 4,399 1,34,625
TCS PE 2,200 5.95 3,529 2,27,000
INFY PE 3,150 9 2,889 1,52,375
MOST ACTIVE CALL OPTION
Symbol Option
Type
Strike
Price
LTP Traded
Volume
(Contracts)
Open
Interest
NIFTY CE 6,800 43.4 4,52,397 38,36,050
NIFTY CE 6,900 1.85 4,15,489 53,97,100
NIFTY CE 6,850 12.75 3,47,081 26,66,150
BANKNIFTY CE 13,200 13 48,324 1,97,450
RELIANCE CE 980 3 12,108 7,92,750
SBIN CE 2,100 4.7 8,461 5,27,375
ICICI BANK CE 1,300 6.25 6,168 7,45,250
INFY CE 3,200 3 5,987 3,51,000
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 149605 5104.44 122740 4181.36 478559 16289.29 923.08
INDEX OPTIONS 408054 13547.48 392869 13057.36 1538005 52300.27 490.12
STOCK FUTURES 414470 15003.99 425905 15422.23 1211396 43155.91 -418.23
STOCK OPTIONS 59420 2147.62 58629 2115.14 66348 2386.96 32.49
TOTAL 1027.45
INDICES R2 R1 PIVOT S1 S2
NIFTY 6788.11 6801.73 6819.86 6833.48 6851.61
NIFTYJUNIOR 13757.75 13794.0 13842.85 13879.1 13927.95
BANK NIFTY 12854.13 12920.61 12980.38 13046.86 13106.63
STOCKS IN NEWS
Results today: Cairn India, Indiabull Infra, Indiabulls
Hsg, Indiabulls Real, Indiabulls Whol, L&T Finance,
M&M Financial, Mastek, SKF India, Supreme Ind,
Thinksoft, UltraTechCement, Yes Bank.
Cairn India likely to see healthy profit growth in Q4.
Mahindra Lifespace Q4 profit dips 63% to Rs 30.3 cr.
Glaxo decides to cut price of Crocin by 50 per cent.
Novartis transforms drug biz via deals with GSK and
Lilly.
NIFTY FUTURE
Nifty Future closed in the green in the last trading ses-
sion. We advise buying around 6800-6820 levels with
strict stop loss of 6770 for the targets of 6860-6890.
DAILY REPORT
23rd
APRIL 2014
YOUR MINTVISORY Call us at +91-731-6642300
RECOMMENDATIONS
SILVER
TRADING STRATEGY:
BUY SILVER(MAY) ABOVE 42630 TGTS 42830/43130 SL
42300
SELL SILVER(MAY) BELOW 41900 TGTS 41700/41400 SL
42320
GOLD
TRADING STRATEGY:
BUY GOLD(JUN) ABOVE 28700 TGTS 28780/28880 SL 28580
SELL GOLD(JUN) BELOW 28450 TGTS 28370/28270 SL 28570
COMMODITY ROUNDUP
GOLD prices edged to 2-month lows on Tuesday as a fresh
batch of solid U.S. housing and regional factory barometers
gave support for the greenback, which trades inversely with
the yellow metal. On the Comex division of the New York
Mercantile Exchange, gold futures for June delivery traded
at $1,282.90 a troy ounce during U.S. trading, down 0.43%,
up from a session low of $1,277.60 and off a high of
$1,292.70. The June contract settled down 0.42% at
$1,288.50 on Monday. Physical gold funds continued to see
outflows, which pressured prices lower as well. Meanwhile,
silver for May delivery was up 0.29% at US$19.408 a troy
ounce, while copper futures for May delivery were up
0.39% at US$3.055 a pound.
Stainless crude steel production totaled 670000 tons in
January, decreasing by 3% year on year. In the given period
of time, the stainless steel production in Germany de-
creased by 19%; that in Sweden fell by 4% and that in Slove-
nia rose by 24%, all compared to the figures in the same
period of a year ago. Finland stainless steel maker Outo-
kumpu announced to close in Germany Krefeld smelters
plant in December 2013, which is one of reasons for pro-
duction decline.
Copper remained trading in a dull and lethargic zone in the
trades on Tuesday. The prices have been in a non volatile
movement since last 10 days. Tuesday was no better as
MCX prices remained trading in dull trend. The domestic
prices were last seen at Rs 407.65 per kg, down 0.12%. The
prices tested a high of Rs 407.85 per kg and a low of Rs
405.9 per kg. This is even after the news of sharp jump in
the refined Copper imports of China.
Nickel prices moved up by 1.25% to Rs 1,101.20 per kg in
futures trading yesterday as speculators created fresh posi-
tions. Besides, rising demand at domestic spot markets
from alloy-makers also supported the upside. At the MCX
nickel for delivery in April rose by Rs 12.60, or 1.25%, to Rs
1,101.20 per kg in business turnover of 2,378 lots. Similarly,
the metal for delivery in May traded higher by Rs 12.80, or
1.17% to Rs 1,106.70 per kg in 358 lots. Speculative posi-
tions created by participants in tandem with a firm global
trend after nickel advanced to a 14-month high on concern
that escalating tension in Ukraine may disrupt supplies from
Russia and Indonesia's ban on ore exports, mainly led to rise
in nickel prices at futures trade.
COMMODITY MCX
DAILY REPORT
23rd
APRIL 2014
YOUR MINTVISORY Call us at +91-731-6642300
RECOMMENDATIONS
DHANIYA
BUY DHANIYA ABOVE 9760 TGTS 9790,9840 SL 9710
SELL DHANIYA BELOW 9670 TGTS 9640,9590 SL 9710
GUARSEED
BUY GUARSEED ABOVE 5020 TGTS 5050,5100 SL 4970
SELL GUARSEED BELOW 4950 TGTS 4920,4870 SL 5000
NCDEX
NCDEX INDICES
Index Value % Change
Castor Seed 3997 +2.02
Chana 3092 +0.16
Coriander 9712 -0.21
Cotton Seed Oilcake 1553 +0.65
Jeera 5015 +3.94
Maize– Feed/Industrial
Grade
10290 +1.23
Mustard seed 3510 +0.66
Soy Bean 4495 +1.60
Turmeric 6978 +2.05
NCDEX ROUNDUP
According to Food Ministry data, FCI and state government-
owned agencies have procured 7.5 million tonnes of wheat
so far this year. They also expect that the government's
wheat procurement target for the ongoing 2014-15 market-
ing year is likely to be missed and slip below the last year's
level of 25 million tonnes,
Potato prices fell by 1.34% to Rs 1,405 per quintal in futures
trade yesterday as speculators offloaded their positions,
driven by weak trend in the spot market. At the Multi Com-
modity Exchange, potato for May delivery fell by Rs 19.20,
or 1.34%, to Rs 1,405 per quintal, with a business volume of
168 lots. For delivery in April, potato traded lower by Rs
11.60, or 0.88%, to Rs 1,302 per quintal, with a trade vol-
ume of 5 lots. Fall in potato prices was mostly due to stock-
ists offloading positions in line with subdued demand in the
spot market. Besides, increased supplies in the spot market
from producing regions further pulled down the prices.
On the Multi Commodity Exchange cardamom for June de-
livery surged Rs 17.60, or 1.39%, to Rs 986.10 per kg in a
business volume of 315 lots. The spice for delivery in May
gained Rs 11.70, or 1.24%, to Rs 954.60 per kg in a business
volume of 959 lots.
DAILY REPORT
23rd
APRIL 2014
YOUR MINTVISORY Call us at +91-731-6642300
JPY/INR
BUY JPY/INR ABOVE 59.49 TGTS 59.63, 59.78 SL 59.24.
SELL JPY/INR BELOW 59.09 TGTS 58.95, 58.80 SL 59.34.
GBP/INR
BUY GBP/INR ABOVE 102.53 TGTS 102.67,102.82 SL 102.28.
SELL GBP/INR BELOW 102.04 TGTS 101.90,101.75 SL 102.29.
CURRENCY ROUNDUP
The Indian rupee hit a one-month low on Tuesday as contin-
ued dollar demand from oil importers and weaker regional
currencies kept it under pressure even after the local unit
posted its worst single-day fall since March 20 in the previ-
ous session. The domestic currency came under pressure as
the pace of foreign buying in domestic shares has slowed,
even as indexes edged higher to record highs on Tuesday.
Meanwhile, in debt markets foreign investors have been net
sellers over the previous two weeks. The near-term outlook
for the rupee will depend on the movement of these foreign
fund flows, as well as global developments, especially lin-
gering tensions in Ukraine and continued concerns about
China's economy. The partially convertible rupee closed at
60.76/77 per dollar compared with 60.59/60 on Monday.
The unit fell as low as 60.89, its lowest level since March 21,
continuing its retreat from an eight-month high of 59.5950
in early April.
The dollar gave up gains against the yen on Tuesday, pulling
back from two-week highs struck in the previous session,
following a larger-than-forecast increase in Japan's trade
deficit. USD/JPY was last down 0.17% to 102.45, coming off
Monday's highs of 102.73, the strongest level since April 8.
The pair was likely to find support at 102.00 and resistance
at 102.73. The yen weakened on Monday after data showed
that Japan's trade deficit widened to ¥1.45 tn in March, the
largest ever for the month and much larger than the fore-
cast for a deficit of ¥1.27 tn. The weak data added to pres-
sure on the Bank of Japan to step up stimulus measures.
The euro was also lower against the yen, with EUR/JPY
down 0.21% to 141.25 from highs of 141.81 on Monday.
Elsewhere, the euro was little changed against the dollar,
with EUR/USD dipping 0.04% to 1.3787.
Fresh supply of bonds hits the markets this week on Friday,
which could put further pressure on yields. However, liquid-
ity in bond markets is sufficient and should provide a me-
dium term support to yields
CURRENCY
RBI Reference Rate
Currency Rate Currency Rate
Rupee- $ 60.7147 Yen-100 59.2500
Euro 83.7695 GBP 102.0432
DAILY REPORT
23rd
APRIL 2014
YOUR MINTVISORY Call us at +91-731-6642300
CALL REPORT
PERFORMANCE UPDATES
Date
Commodity/ Currency
Pairs
Contract Strategy Entry Level Target Stop Loss Remark
22/04/14 MCX GOLD MAY BUY 28450 28370-28270 28540 SL TRIGGERED
22/04/14 MCX GOLD MAY SELL 28450 28370-28270 28570 NOT EXECUTED
22/04/14 MCX SILVER MAY BUY 42250 42450-42750 41950 BOOKED PROFIT
22/04/14 MCX SILVER MAY SELL 41750 41550-41250 42100 NOT EXECUTED
22/04/14 NCDEX GUARSEED MAY BUY 4880 4910-4960 4820 BOOKED FULL PROFIT
22/04/14 NCDEX GUARSEED MAY SELL 4800 4770-4720 4850 NOT EXECUTED
22/04/14 NCDEX DHANIYA MAY BUY 9750 9780-9830 9700 NOT EXECUTED
22/04/14 NCDEX DHANIYA MAY SELL 9665 9635-9585 9715 BOOKED FULL PROFIT
22/04/14 USD/INR APR. BUY 60.75 60.89-61.04 60.15 BOOKED PROFIT
22/04/14 USD/INR APR. SELL 60.35 60.21-60.06 60.60 NOT EXECUTED
22/04/14 EUR/INR APR. SELL 83.36 83.22-83.07 83.61 NOT EXECUTED
22/04/14 EUR/INR APR. BUY 83.84 83.98-84.13 83.59 BOOKED FULL PROFIT
Date Scrip
CASH/
FUTURE/
OPTION
Strategy Entry Level Target Stop Loss Remark
22/04/14 NIFTY FUTURE BUY
6800-
6820
6860-6890 6770 CALL OPEN
22/04/14 YES BANK FUTURE BUY 430-435 442-448 422 CALL OPEN
22/04/14 BANK OF INDIA FUTURE BUY 225-228 235-240 217 CALL OPEN
22/04/14 LIBERTYSHOES CASH BUY 180-185 192-198 176 CALL OPEN
16/04/14 TCS FUTURE BUY
2200-
2240
2280-2300 2160 CALL OPEN
15/04/14 INDUSIND BANK FUTURE SELL 500-495 480-460 520 CALL OPEN
DAILY REPORT
23rd
APRIL 2014
YOUR MINTVISORY Call us at +91-731-6642300
NEXT WEEK'S U.S. ECONOMIC REPORTS
ECONOMIC CALENDAR
The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not accept any responsibility (or liability) for errors
of fact or opinion. Users have the right to choose the product/s that suits them the most. Sincere efforts have been made to present the right investment perspective. The
information contained herein is based on analysis and up on sources that we consider reliable.
This material is for personal information and based upon it & takes no responsibility. The information given herein should be treated as only factor, while making invest-
ment decision. The report does not provide individually tailor-made investment advice. Epic research recommends that investors independently evaluate particular invest-
ments and strategies, and encourages investors to seek the advice of a financial adviser. Epic research shall not be responsible for any transaction conducted based on the
information given in this report, which is in violation of rules and regulations of NSE and BSE. The share price projections shown are not necessarily indicative of future
price performance. The information herein, together with all estimates and forecasts, can change without notice. Analyst or any person related to epic research might be
holding positions in the stocks recommended. It is understood that anyone who is browsing through the site has done so at his free will and does not read any views ex-
pressed as a recommendation for which either the site or its owners or anyone can be held responsible for . Any surfing and reading of the information is the acceptance of
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Disclaimer
TIME (ET) REPORT PERIOD ACTUAL CONSENSUS FORECAST PREVIOUS
MONDAY, APRIL 21
10 AM LEADING INDICATORS MARCH -- 0.5%
TUESDAY, APRIL 22
9 AM FHFA HOME PRICE INDEX FEB.
10 AM EXISTING HOME SALES MARCH 4.54 MLN 4.60 MLN
WEDNESDAY, APRIL 23
9 AM MARKET "FLASH" PMI APRIL -- 55.5
10 AM NEW HOME SALES MARCH 455,000 440,000
THURSDAY, APRIL 24
8:30 AM JOBLESS CLAIMS 4/245 N/A 304,000
8:30 AM DURABLE GOODS ORDERS MARCH 1.9% 2.2%
FRIDAY ,APRIL 25
9:55 AM UMICH CONSUMER SENTIMENT APRIL 82.6 82.6

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Stock market special report by epic research 23rd april 2014

  • 1. DAILY REPORT 23rd APRIL 2014 YOUR MINTVISORY Call us at +91-731-6642300 Global markets at a glance Asian shares were supported on Tuesday after Wall Street stocks extended gains into a fifth day, though investors continued to see tensions in Ukraine as a threat to risk ap- petite. Japan's Nikkei share average opened up 0.5 percent. MSCI's broadest index of Asia-Pacific shares outside Japan was almost flat in early trade, but not far from a six-month high hit earlier this month. Wall Street Update U.S. markets were optimistic yesterday on a solid gain in U.S. leading indicators and signs that earnings are improv- ing, All of Monday's U.S. corporate results showed upside earnings surprises. The Dow Jones industrial average .DJI rose 40.71 points or 0.25 percent, to end at 16,449.25. The S&P 500 .SPX gained 7.04 points or 0.38 percent, to close at 1,871.89. The Nasdaq Composite .IXIC added 26.03 points or 0.64 percent, to finish at 4,121.546. Previous day Roundup Equity benchmarks saw new record highs (at closing) on Monday with the Nifty closing above the 6800-mark for the first time supported by capital goods, auto and banks stocks. However, the fall in FMCG, technology, pharma and HDFC group stocks capped the upside. The Sensex climbed 135.99 points to close at 22764.83 and the Nifty rose 38.25 points to 6817.65, continuing uptrend for the second consecutive session. Indian shares hit record highs on Monday as lenders such as Axis Bank rallied ahead of their financial results starting later this week, while strong gains in debt markets reduced concerns about potential losses in the sector's bond port- folios. Index stats The Market was very volatile in yesterday s session. The sartorial indices performed as follow Consumer Durables [up 27.58pts], Capital Goods [up 351.13pts], PSU [up 84.98pts], FMCG [down 27.37pts], Realty [down 4.12pts], Power [up 6.54pts], Auto [up 179.60pts], Healthcare [up 4.12pts], IT [down 60.92pts], Metals [up 238.47pts], TECK [down 8.91pts], Oil& Gas [up 18.93 pts]. World Indices Index Value % Change D J l 16514.37 +0.40 S&P 500 1879.55 +0.41 NASDAQ 4161.46 +0.97 EURO STO 3,199.69 +1.39 FTSE 100 6,681.76 +0.85 Nikkei 225 14,470.54 +0.57 Hong Kong 22,675.37 -0.24 Top Gainers Company CMP Change % Chg BPCL 484.10 20.25 +4.37 LUPIN 984.00 27.10 +2.83 GAIL 380.00 6.55 +1.75 HDFCBANK 728.70 12.25 +1.71 LT 1344.95 22.40 +1.69 Top Losers Company CMP Change % Chg SSLT 193.35 8.30 -4.12 WIPRO 531.70 14.50 -2.65 PNB 787.40 17.85 -2.22 JINDALSTEL 277.00 5.25 -1.86 INDUSINDBK 498.15 8.25 -1.63 Stocks at 52 Week’s high Symbol Prev. Close Change %Chg ATULAUTO 404.70 30.25 +8.08 BPCL 484.10 20.25 +4.37 DREDGECORP 316.60 29.75 +10.37 HEG 240.00 4.60 -1.88 HINDALCO 144.45 +0.95 +0.66 Indian Indices Company CMP Change % Chg NIFTY 6815.35 -2.30 -0.03 SENSEX 22758.37 -6.46 -0.03 Stocks at 52 Week’s Low Symbol Prev. Close Change %Chg
  • 2. DAILY REPORT 23rd APRIL 2014 YOUR MINTVISORY Call us at +91-731-6642300 STOCK RECOMMENDATIONS [FUTURE] 1. APOLLO TYRE [FUTURE] APOLLO TYRE FUTURE is looking weak on charts, short build up has been seen, we may see more downside, if it sustains below 170 levels. We advise buying around 170-172 levels with strict stop loss 175 for the targets of 168-165 levels. 2. HIND PETRO[FUTURE] HIND PETRO FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sustains above 325 levels. We advise buying around 325-328 levels with strict stop loss 320 for the targets of 332-335 levels. EQUITY CASH & FUTURE STOCK RECOMMENDATION [CASH] 1. DREDGING CORP DREDGING CORP is looking strong on charts. We advise buy- ing around 310-320 levels with strict stop loss of 295 for the targets of 330-345 levels. MACRO NEWS HDFC Bank Ltd said its quarterly net profit rose 23%, the slowest growth in a more than a decade and slightly lower than estimates, as a weaker economy put the brakes on lending. The Mumbai-based bank said net profit rose to Rs 2327cr. for the fiscal Q4 ending March from Rs 1890cr. in the same year-ago period. The central bank on Monday notified that the aggregate share holding by FII under the PIS in South Indian Bank have gone below the prescribed threshold caution limit stipulated under the extant FDI policy. CCI gives green signal to General Electric-Thermo Fisher deal. International Tractors Ltd signs pact with L&T Finance for vehicle loans. Auto parts exports from India up 4.4 per cent at $9.7 bn in 2013. MRF rolls out tyres for Sukhoi aircraft. Miners don't see Goa mining restart before 1-2 years. IMD monsoon forecast due on Thursday. Yes Bank board to meet on Wednesday to settle row. Kishore Biyani to pull out of merger talks with L&T.
  • 3. DAILY REPORT 23rd APRIL 2014 YOUR MINTVISORY Call us at +91-731-6642300 FUTURE & OPTION MOST ACTIVE PUT OPTION Symbol Op- tion Type Strike Price LTP Traded Volume (Contracts ) Open Interest NIFTY PE 6,800 9.15 6,73,734 61,02,100 NIFTY PE 6,700 0.8 3,12,578 59,01,700 NIFTY PE 6,850 23.55 2,34,442 18,72,350 BANKNIFTY PE 13,000 54 53,575 2,78,425 RELIANCE PE 960 2.5 4,904 2,65,000 SBIN PE 2,050 13.6 4,399 1,34,625 TCS PE 2,200 5.95 3,529 2,27,000 INFY PE 3,150 9 2,889 1,52,375 MOST ACTIVE CALL OPTION Symbol Option Type Strike Price LTP Traded Volume (Contracts) Open Interest NIFTY CE 6,800 43.4 4,52,397 38,36,050 NIFTY CE 6,900 1.85 4,15,489 53,97,100 NIFTY CE 6,850 12.75 3,47,081 26,66,150 BANKNIFTY CE 13,200 13 48,324 1,97,450 RELIANCE CE 980 3 12,108 7,92,750 SBIN CE 2,100 4.7 8,461 5,27,375 ICICI BANK CE 1,300 6.25 6,168 7,45,250 INFY CE 3,200 3 5,987 3,51,000 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 149605 5104.44 122740 4181.36 478559 16289.29 923.08 INDEX OPTIONS 408054 13547.48 392869 13057.36 1538005 52300.27 490.12 STOCK FUTURES 414470 15003.99 425905 15422.23 1211396 43155.91 -418.23 STOCK OPTIONS 59420 2147.62 58629 2115.14 66348 2386.96 32.49 TOTAL 1027.45 INDICES R2 R1 PIVOT S1 S2 NIFTY 6788.11 6801.73 6819.86 6833.48 6851.61 NIFTYJUNIOR 13757.75 13794.0 13842.85 13879.1 13927.95 BANK NIFTY 12854.13 12920.61 12980.38 13046.86 13106.63 STOCKS IN NEWS Results today: Cairn India, Indiabull Infra, Indiabulls Hsg, Indiabulls Real, Indiabulls Whol, L&T Finance, M&M Financial, Mastek, SKF India, Supreme Ind, Thinksoft, UltraTechCement, Yes Bank. Cairn India likely to see healthy profit growth in Q4. Mahindra Lifespace Q4 profit dips 63% to Rs 30.3 cr. Glaxo decides to cut price of Crocin by 50 per cent. Novartis transforms drug biz via deals with GSK and Lilly. NIFTY FUTURE Nifty Future closed in the green in the last trading ses- sion. We advise buying around 6800-6820 levels with strict stop loss of 6770 for the targets of 6860-6890.
  • 4. DAILY REPORT 23rd APRIL 2014 YOUR MINTVISORY Call us at +91-731-6642300 RECOMMENDATIONS SILVER TRADING STRATEGY: BUY SILVER(MAY) ABOVE 42630 TGTS 42830/43130 SL 42300 SELL SILVER(MAY) BELOW 41900 TGTS 41700/41400 SL 42320 GOLD TRADING STRATEGY: BUY GOLD(JUN) ABOVE 28700 TGTS 28780/28880 SL 28580 SELL GOLD(JUN) BELOW 28450 TGTS 28370/28270 SL 28570 COMMODITY ROUNDUP GOLD prices edged to 2-month lows on Tuesday as a fresh batch of solid U.S. housing and regional factory barometers gave support for the greenback, which trades inversely with the yellow metal. On the Comex division of the New York Mercantile Exchange, gold futures for June delivery traded at $1,282.90 a troy ounce during U.S. trading, down 0.43%, up from a session low of $1,277.60 and off a high of $1,292.70. The June contract settled down 0.42% at $1,288.50 on Monday. Physical gold funds continued to see outflows, which pressured prices lower as well. Meanwhile, silver for May delivery was up 0.29% at US$19.408 a troy ounce, while copper futures for May delivery were up 0.39% at US$3.055 a pound. Stainless crude steel production totaled 670000 tons in January, decreasing by 3% year on year. In the given period of time, the stainless steel production in Germany de- creased by 19%; that in Sweden fell by 4% and that in Slove- nia rose by 24%, all compared to the figures in the same period of a year ago. Finland stainless steel maker Outo- kumpu announced to close in Germany Krefeld smelters plant in December 2013, which is one of reasons for pro- duction decline. Copper remained trading in a dull and lethargic zone in the trades on Tuesday. The prices have been in a non volatile movement since last 10 days. Tuesday was no better as MCX prices remained trading in dull trend. The domestic prices were last seen at Rs 407.65 per kg, down 0.12%. The prices tested a high of Rs 407.85 per kg and a low of Rs 405.9 per kg. This is even after the news of sharp jump in the refined Copper imports of China. Nickel prices moved up by 1.25% to Rs 1,101.20 per kg in futures trading yesterday as speculators created fresh posi- tions. Besides, rising demand at domestic spot markets from alloy-makers also supported the upside. At the MCX nickel for delivery in April rose by Rs 12.60, or 1.25%, to Rs 1,101.20 per kg in business turnover of 2,378 lots. Similarly, the metal for delivery in May traded higher by Rs 12.80, or 1.17% to Rs 1,106.70 per kg in 358 lots. Speculative posi- tions created by participants in tandem with a firm global trend after nickel advanced to a 14-month high on concern that escalating tension in Ukraine may disrupt supplies from Russia and Indonesia's ban on ore exports, mainly led to rise in nickel prices at futures trade. COMMODITY MCX
  • 5. DAILY REPORT 23rd APRIL 2014 YOUR MINTVISORY Call us at +91-731-6642300 RECOMMENDATIONS DHANIYA BUY DHANIYA ABOVE 9760 TGTS 9790,9840 SL 9710 SELL DHANIYA BELOW 9670 TGTS 9640,9590 SL 9710 GUARSEED BUY GUARSEED ABOVE 5020 TGTS 5050,5100 SL 4970 SELL GUARSEED BELOW 4950 TGTS 4920,4870 SL 5000 NCDEX NCDEX INDICES Index Value % Change Castor Seed 3997 +2.02 Chana 3092 +0.16 Coriander 9712 -0.21 Cotton Seed Oilcake 1553 +0.65 Jeera 5015 +3.94 Maize– Feed/Industrial Grade 10290 +1.23 Mustard seed 3510 +0.66 Soy Bean 4495 +1.60 Turmeric 6978 +2.05 NCDEX ROUNDUP According to Food Ministry data, FCI and state government- owned agencies have procured 7.5 million tonnes of wheat so far this year. They also expect that the government's wheat procurement target for the ongoing 2014-15 market- ing year is likely to be missed and slip below the last year's level of 25 million tonnes, Potato prices fell by 1.34% to Rs 1,405 per quintal in futures trade yesterday as speculators offloaded their positions, driven by weak trend in the spot market. At the Multi Com- modity Exchange, potato for May delivery fell by Rs 19.20, or 1.34%, to Rs 1,405 per quintal, with a business volume of 168 lots. For delivery in April, potato traded lower by Rs 11.60, or 0.88%, to Rs 1,302 per quintal, with a trade vol- ume of 5 lots. Fall in potato prices was mostly due to stock- ists offloading positions in line with subdued demand in the spot market. Besides, increased supplies in the spot market from producing regions further pulled down the prices. On the Multi Commodity Exchange cardamom for June de- livery surged Rs 17.60, or 1.39%, to Rs 986.10 per kg in a business volume of 315 lots. The spice for delivery in May gained Rs 11.70, or 1.24%, to Rs 954.60 per kg in a business volume of 959 lots.
  • 6. DAILY REPORT 23rd APRIL 2014 YOUR MINTVISORY Call us at +91-731-6642300 JPY/INR BUY JPY/INR ABOVE 59.49 TGTS 59.63, 59.78 SL 59.24. SELL JPY/INR BELOW 59.09 TGTS 58.95, 58.80 SL 59.34. GBP/INR BUY GBP/INR ABOVE 102.53 TGTS 102.67,102.82 SL 102.28. SELL GBP/INR BELOW 102.04 TGTS 101.90,101.75 SL 102.29. CURRENCY ROUNDUP The Indian rupee hit a one-month low on Tuesday as contin- ued dollar demand from oil importers and weaker regional currencies kept it under pressure even after the local unit posted its worst single-day fall since March 20 in the previ- ous session. The domestic currency came under pressure as the pace of foreign buying in domestic shares has slowed, even as indexes edged higher to record highs on Tuesday. Meanwhile, in debt markets foreign investors have been net sellers over the previous two weeks. The near-term outlook for the rupee will depend on the movement of these foreign fund flows, as well as global developments, especially lin- gering tensions in Ukraine and continued concerns about China's economy. The partially convertible rupee closed at 60.76/77 per dollar compared with 60.59/60 on Monday. The unit fell as low as 60.89, its lowest level since March 21, continuing its retreat from an eight-month high of 59.5950 in early April. The dollar gave up gains against the yen on Tuesday, pulling back from two-week highs struck in the previous session, following a larger-than-forecast increase in Japan's trade deficit. USD/JPY was last down 0.17% to 102.45, coming off Monday's highs of 102.73, the strongest level since April 8. The pair was likely to find support at 102.00 and resistance at 102.73. The yen weakened on Monday after data showed that Japan's trade deficit widened to ¥1.45 tn in March, the largest ever for the month and much larger than the fore- cast for a deficit of ¥1.27 tn. The weak data added to pres- sure on the Bank of Japan to step up stimulus measures. The euro was also lower against the yen, with EUR/JPY down 0.21% to 141.25 from highs of 141.81 on Monday. Elsewhere, the euro was little changed against the dollar, with EUR/USD dipping 0.04% to 1.3787. Fresh supply of bonds hits the markets this week on Friday, which could put further pressure on yields. However, liquid- ity in bond markets is sufficient and should provide a me- dium term support to yields CURRENCY RBI Reference Rate Currency Rate Currency Rate Rupee- $ 60.7147 Yen-100 59.2500 Euro 83.7695 GBP 102.0432
  • 7. DAILY REPORT 23rd APRIL 2014 YOUR MINTVISORY Call us at +91-731-6642300 CALL REPORT PERFORMANCE UPDATES Date Commodity/ Currency Pairs Contract Strategy Entry Level Target Stop Loss Remark 22/04/14 MCX GOLD MAY BUY 28450 28370-28270 28540 SL TRIGGERED 22/04/14 MCX GOLD MAY SELL 28450 28370-28270 28570 NOT EXECUTED 22/04/14 MCX SILVER MAY BUY 42250 42450-42750 41950 BOOKED PROFIT 22/04/14 MCX SILVER MAY SELL 41750 41550-41250 42100 NOT EXECUTED 22/04/14 NCDEX GUARSEED MAY BUY 4880 4910-4960 4820 BOOKED FULL PROFIT 22/04/14 NCDEX GUARSEED MAY SELL 4800 4770-4720 4850 NOT EXECUTED 22/04/14 NCDEX DHANIYA MAY BUY 9750 9780-9830 9700 NOT EXECUTED 22/04/14 NCDEX DHANIYA MAY SELL 9665 9635-9585 9715 BOOKED FULL PROFIT 22/04/14 USD/INR APR. BUY 60.75 60.89-61.04 60.15 BOOKED PROFIT 22/04/14 USD/INR APR. SELL 60.35 60.21-60.06 60.60 NOT EXECUTED 22/04/14 EUR/INR APR. SELL 83.36 83.22-83.07 83.61 NOT EXECUTED 22/04/14 EUR/INR APR. BUY 83.84 83.98-84.13 83.59 BOOKED FULL PROFIT Date Scrip CASH/ FUTURE/ OPTION Strategy Entry Level Target Stop Loss Remark 22/04/14 NIFTY FUTURE BUY 6800- 6820 6860-6890 6770 CALL OPEN 22/04/14 YES BANK FUTURE BUY 430-435 442-448 422 CALL OPEN 22/04/14 BANK OF INDIA FUTURE BUY 225-228 235-240 217 CALL OPEN 22/04/14 LIBERTYSHOES CASH BUY 180-185 192-198 176 CALL OPEN 16/04/14 TCS FUTURE BUY 2200- 2240 2280-2300 2160 CALL OPEN 15/04/14 INDUSIND BANK FUTURE SELL 500-495 480-460 520 CALL OPEN
  • 8. DAILY REPORT 23rd APRIL 2014 YOUR MINTVISORY Call us at +91-731-6642300 NEXT WEEK'S U.S. ECONOMIC REPORTS ECONOMIC CALENDAR The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits them the most. Sincere efforts have been made to present the right investment perspective. The information contained herein is based on analysis and up on sources that we consider reliable. This material is for personal information and based upon it & takes no responsibility. The information given herein should be treated as only factor, while making invest- ment decision. The report does not provide individually tailor-made investment advice. Epic research recommends that investors independently evaluate particular invest- ments and strategies, and encourages investors to seek the advice of a financial adviser. Epic research shall not be responsible for any transaction conducted based on the information given in this report, which is in violation of rules and regulations of NSE and BSE. The share price projections shown are not necessarily indicative of future price performance. The information herein, together with all estimates and forecasts, can change without notice. Analyst or any person related to epic research might be holding positions in the stocks recommended. It is understood that anyone who is browsing through the site has done so at his free will and does not read any views ex- pressed as a recommendation for which either the site or its owners or anyone can be held responsible for . Any surfing and reading of the information is the acceptance of this disclaimer. All Rights Reserved. Investment in equity & bullion market has its own risks. We, however, do not vouch for the accuracy or the completeness thereof. We are not responsible for any loss incurred whatsoever for any financial profits or loss which may arise from the recommendations above epic research does not purport to be an invitation or an offer to buy or sell any financial instrument. Our Clients (Paid or Unpaid), any third party or anyone else have no rights to forward or share our calls or SMS or Report or Any Information Provided by us to/with anyone which is received directly or indirectly by them. If found so then Serious Legal Actions can be taken. Disclaimer TIME (ET) REPORT PERIOD ACTUAL CONSENSUS FORECAST PREVIOUS MONDAY, APRIL 21 10 AM LEADING INDICATORS MARCH -- 0.5% TUESDAY, APRIL 22 9 AM FHFA HOME PRICE INDEX FEB. 10 AM EXISTING HOME SALES MARCH 4.54 MLN 4.60 MLN WEDNESDAY, APRIL 23 9 AM MARKET "FLASH" PMI APRIL -- 55.5 10 AM NEW HOME SALES MARCH 455,000 440,000 THURSDAY, APRIL 24 8:30 AM JOBLESS CLAIMS 4/245 N/A 304,000 8:30 AM DURABLE GOODS ORDERS MARCH 1.9% 2.2% FRIDAY ,APRIL 25 9:55 AM UMICH CONSUMER SENTIMENT APRIL 82.6 82.6