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DAILY REPORT
10th
APRIL 2014
YOUR MINTVISORY Call us at +91-731-6642300
Global markets at a glance
European shares rebounded on Wednesday, led by gains
in automakers, although some traders said caution ahead
of the European earnings season could curb near-term
progress. The pan-European FTSEurofirst 300 index closed
up by 0.4 percent at 1,338.12 points, bouncing back after
falling to its lowest level in more than a week in the previ-
ous session. The euro zone's blue-chip Euro STOXX 50 in-
dex also advanced by 0.2 percent to 3,182.79 points.
Japan's Nikkei share average is set to test eight-month
highs above 10,000 on Wednesday as investor appetite is
boosted by signs of progress in the U.S. fiscal talks and ex-
pectations of aggressive monetary easing under the new
Japanese government.
Wall Street Update
US stocks rallied on Wednesday after minutes from the
Federal Reserve's latest policy meeting showed a more
supportive central bank than investors had previously ex-
pected. All three major US stock indexes ended up more
than 1%, with eight of the 10 S&P 500 sector indexes clos-
ing higher. The Dow Jones industrial average rose 181.04
points or 1.11%, to end at 16,437.18. The S&P 500 gained
20.22 points or 1.09%, to finish at 1,872.18. The Nasdaq
Composite added 70.91 pts or 1.72%, to close at 4,183.90.
Previous day Roundup
After three days of consolidation, equity benchmarks set
another record closing high on Wednesday with the Nifty
hitting 6800-mark supported largely by banking and finan-
cial stocks. The index went up as high as 6,808.70 intraday,
before closing at 6796.20, up 101.15 points or 1.51 per-
cent. The Sensex surged 358.89 points or 1.61 percent to
22702.34 after hitting highest point of the day at
22740.04. Banks took the charge of this solid run with the
BSE Bankex rising 3.5 percent.
Index stats
The Market was very volatile session yesterday. The sarto-
rial indices performed as follow Consumer Durables [up
85.40pts], Capital Goods [down 218.04pts], PSU [up
111.02pts], FMCG [up 34.67pts], Realty [up 27.86pts],
Power [up 29.99 pts], Auto [up 234.33pts], Healthcare [up
229.09pts], IT [down 96.48pts], Metals [up 228.99pts],
TECK [down 41.39pts], Oil& Gas [up 117.53 pts].
World Indices
Index Value % Change
D J l 16,437.18 +1.11
S&P 500 1,872.18 +1.09
NASDAQ 4,183.90 +1.72
EURO STO 3,182.79 +0.16
FTSE 100 6,635.61 +0.68
Nikkei 225 14,412.19 +0.79
Hong Kong 22,753.53 -0.39
Top Gainers
Company CMP Change % Chg
SUNPHARMA 628.00 39.90 +6.78
BANKBARODA 790.30 39.95 +5.32
AXISBANK 1,486.65 64.60 +4.54
TATAMOTORS 422.20 18.20 +4.50
PNB 782.55 30.25 +4.02
Top Losers
Company CMP Change % Chg
TECHM 1,739.00 54.00 -3.01
HCLTECH 1,377.70 28.75 -2.04
INFY 3,250.45 42.95 -1.30
ONGC 322.00 3.60 -1.11
TCS 2,135.00 18.80 -0.87
Stocks at 52 Week’s high
Symbol Prev. Close Change %Chg
ADANIENT 382.00 3.15 +0.83
BANKBARODA 790.30 39.95 +5.32
CAIRN 350.10 8.60 +2.52
CROMPGREAV 165.00 13.90 +9.20
HINDALCO 142.85 5.50 +4.00
Indian Indices
Company CMP Change % Chg
NIFTY 6,796.20 +101.15 +1.51
SENSEX 22,702.34 +358.89 +1.61
Stocks at 52 Week’s Low
Symbol Prev. Close Change %Chg
DAILY REPORT
10th
APRIL 2014
YOUR MINTVISORY Call us at +91-731-6642300
STOCK RECOMMENDATIONS [FUTURE]
1. YES BANK [FUTURE]
YES BANK FUTURE is looking strong on charts, long build
up has been seen, we may see more upside, if it sustains
above 440 levels. We advise buying around 445-450 levels
with strict stop loss 430 for the targets of 465-485 levels.
2. SYNDICATE BANK [FUTURE]
SYNDICATE BANK FUTURE is looking strong on charts,
long build up has been seen, we may see more upside, if it
sustains above 102 levels. We advise buying around 102-
103 levels with strict stop loss 100 for the targets of 104-
107 levels.
EQUITY CASH & FUTURE
STOCK RECOMMENDATION [CASH]
1. ESCORTS INDIA
ESCORTS INDIA is looking strong on charts. We advise buy-
ing around 125-128 levels with strict stop loss of 120 for
the targets of 132-138 levels.
MACRO NEWS
India's reserve money rose an annualized 12.6% in the
week to April 4, faster than 6.0% a year earlier, the RBI
said on Wednesday. Currency in circulation grew 9.0% YoY
in the week to April 4 verses 11.2% a year earlier.
Sun Pharmaceutical Industries Ltd plans to begin phasing
out sales of generic drugs branded as Ranbaxy Laborato-
ries Ltd products in the U.S. after completing a $3.2 billion
takeover of its loss-making rival by the year end.
After agreeing to temporarily sell gas to urea plants on old
terms, Reliance Industries has told its sole customers the
new formula, which almost doubles the price of the fuel,
will apply from April 1. Last week, RIL and urea companies
failed to settle the key terms of gas supply from April 1
upon expiry of the five-year contracts that priced gas from
the eastern offshore KG-D6 fields at USD 4.205 per million
British thermal units.
Supreme Court to resume hearing in KG-D6 gas case on
April 16.
MCX -SX launches bank index 'SXBANK'.
SBI planning USD 1 billion bond issue.
Man Industries gets orders worth Rs 700 crore.
DAILY REPORT
10th
APRIL 2014
YOUR MINTVISORY Call us at +91-731-6642300
FUTURE & OPTION
MOST ACTIVE PUT OPTION
Symbol Op-
tion
Type
Strike
Price
LTP Traded
Volume
(Contracts
)
Open
Interest
NIFTY PE 6,700 21.5 3,94,312 61,73,350
NIFTY PE 6,600 9.9 2,56,951 56,99,200
BANKNIFTY PE 6,800 47 2,17,324 26,64,850
BANKNIFTY PE 12,500 66 35,231 2,86,000
SBIN PE 1,900 12.8 4,668 2,91,750
RANBAXY PE 440 3.6 2,021 6,18,000
SUNPHARMA PE 600 5.75 1,899 2,50,500
ICICBANK PE 1,200 8 1,740 2,32,750
MOST ACTIVE CALL OPTION
Symbol Option
Type
Strike
Price
LTP Traded
Volume
(Contracts)
Open
Interest
NIFTY CE 6,800 89.05 4,11,208 38,25,550
NIFTY CE 6,900 41.05 2,74,702 35,33,900
BANKNIFTY CE 6,700 161 1,77,998 32,43,850
BANKNIFTY CE 13,000 250 56,823 3,88,550
SBIN CE 2,100 16.85 4,072 2,91,750
RANBAXY CE 460 17.2 3,858 7,90,000
SUNPHARMA CE 620 22.15 3,527 2,19,500
ICICBANK CE 1,250 35 2,855 2,45,500
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 50276 1689.04 46609 1568.08 374226 12737.35 120.96
INDEX OPTIONS 364351 12088.69 322003 10614.64 1486842 50433.05 1474.05
STOCK FUTURES 94957 3495.59 98213 3615.01 1087041 38197.18 -119.42
STOCK OPTIONS 43857 1536.58 44091 1539.79 50226 1768.56 -3.21
TOTAL 1472.38
INDICES R2 R1 PIVOT S1 S2
NIFTY 6666.4 6731.3 6770.0 6834.9 6873.6
NIFTYJUNIOR 13485.49 13601.14 13664.95 13780.59 13844.4
BANK NIFTY 12405.36 12671.38 12814.46 13080.48 13223.56
STOCKS IN NEWS
Bharti Airtel opens 100 retail stores in 14 months.
Siemens India partners with Economictimes.com for
social innovation initiative.
Sun Pharma-Ranbaxy, Holcim-Lafarge deals to face in-
tense regulatory scrutiny.
Tata Motors buck the trend, log double-digit growth.
RIL refuses to budge on gas price hike from April 1.
Exports to European Union from Ranbaxy 's two plants
to remain suspended.
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 6750 for the targets of 6860-6890.
DAILY REPORT
10th
APRIL 2014
YOUR MINTVISORY Call us at +91-731-6642300
RECOMMENDATIONS
SILVER
TRADING STRATEGY:
BUY SILVER(MAY) ABOVE 42850 TGTS 43050/43400 SL
42500
SELL SILVER(MAY) BELOW 42500 TGTS 42300/42000 SL
42830
GOLD
TRADING STRATEGY:
BUY GOLD(JUN) ABOVE 28600 TGTS 28680/28780 SL 28480
SELL GOLD(JUN) BELOW 28350 TGTS 28270/28170 SL 28470
COMMODITY ROUNDUP
Copper was showing contrary moves in the evening session
trades on MCX. The prices of most of the other metals are
rising sharply barring Copper that is sulking on account of
expected defaults in China. This is the second day when
Copper showed a caution due to the possible threats that
some more defaults is possible after National Development
and Reform Commission began a special inspection of cor-
porate bonds in March. Meanwhile, another setback could
come if the monetary measures that have been highlighted
by various media channels over the last week did not take
place in China. Copper is expected to show huge surplus in
2014. MCX Copper for April expiry was last checked at Rs
404.9 per kg, down 0.44%, even as the counterparts like
Aluminium is up by 0.2% to Rs 108.8 per kg. Lead was the
strongest among all and was marking gains of close to 1% at
Rs 125.75 per kg.
MCX Gold futures dropped in tune with the global prices as
the traders eyed weakness in the global prices. The com-
modity has edged up in the current week following a sharp
upturn on Friday. However, the prices failed to hold on near
two-week highs and eased towards $1300 per ounce today.
The metal quotes at $1304.40, down $4.70 per ounce on
the day. MCX Gold futures are trading at Rs 28430; down Rs
47 per 10 grams on the day with 8% increase in the open
interest. Gold jumped yesterday as pro-Russian activists in
the Ukrainian city of Donetsk proclaimed independence
from Kiev and vowed to hold a referendum on the issue.
Russia's foreign ministry warned Tuesday.
MCX Crude oil futures jumped following the gains in the
global prices today. The local futures topped above Rs 6200
per barrel in intraday trades amid frenzied buying as global
prices extended their upturn following the escalating
Ukraine conflict and bullish estimates for the WTI Crude oil
from the Energy Information Administration (EIA). The WTI
Crude quotes at $102.63, up 0.07 cents after briefly hitting
highs near $103 per barrel. These are the highest levels in
nearly five weeks for the commodity. MCX Crude oil trades
at Rs 6199 per barrel; up Rs 37 per barrel or 0.60% on the
day with a massive 55.65% increase in the open inter-
est. The prices rose last night amid mixed activity in US
stock markets. Spot prices for the WTI crude oil are ex-
pected to average at $95.60 a barrel this year — up from a
previous forecast of $95.33 a barrel.
COMMODITY MCX
DAILY REPORT
10th
APRIL 2014
YOUR MINTVISORY Call us at +91-731-6642300
RECOMMENDATIONS
DHANIYA
BUY DHANIYA APR ABOVE 9710 TGTS 9740,9790 SL 9660
SELL DHANIYA APR BELOW 9635 TGTS 9605,9555 SL 9695
GUARSEED
BUY GUARSEED APR ABOVE 4630 TGTS 4660,4710 SL 4580
SELL GUARSEED APR BELOW 4480 TGTS 4450,4400 SL 4530
NCDEX
NCDEX INDICES
Index Value % Change
Castor Seed 3875 -3.99
Chana 3083 -0.55
Coriander 9680 +2.12
Cotton Seed Oilcake 1496 +0.13
Jeera 4480 -2.50
Maize– Feed/Industrial
Grade
9795 +0.26
Mustard seed 3397 -0.12
Soy Bean 3092 +0.60
Turmeric 6176 +0.88
NCDEX ROUNDUP
Edible oil processors and importers have urged the com-
modity derivatives markets regulator the Forward Markets
Commission to withdraw extension in trading time given in
internationally reference able agri commodities.
Continuing its rising streak, sugar prices went up by an-
other 0.50% to Rs 3,205 per quintal in futures market yes-
terday as speculators indulged in creating positions, sup-
ported by summer season demand from bulk consumers
amid fall in production. At the NCDEX, sugar for delivery in
May gathered Rs 16, or 0.50 per cent, to Rs 3,205 per quin-
tal with an open interest of 51,500 lots.
Cardamom prices rose by 2.55% to Rs 945 per kg in futures
trade yesterday as speculators indulged in enlarging posi-
tions amid restricted arrivals. Further, firm export demand
in the spot market also supported the upside. On the MCX
cardamom for April delivery surged Rs 23.50, or 2.55%, to
Rs 945 per kg in a business volume of 124 lots. The spice for
delivery in May gained Rs 1.20, or 0.13%, to Rs 911 per kg
in a business volume of 473 lots. Besides restricted supplies
from producing belts, strong export and domestic demand
also influenced cardamom prices at futures trade.
DAILY REPORT
10th
APRIL 2014
YOUR MINTVISORY Call us at +91-731-6642300
USD/INR
BUY USD-INR ABOVE 60.53 TGTS 60.66, 60.81 SL 60.28.
SELL USD-INR BELOW 60.17 TGTS 60.04, 59.89 SL 60.42.
EUR/INR
BUY EUR-INR ABOVE 83.44 TGTS 83.57, 83.72 SL 83.19.
SELL EUR-INR BELOW 82.88 TGTS 82.75,82.60 SL 83.13.
CURRENCY ROUNDUP
The Indian rupee ended a touch weaker on Wednesday de-
spite domestic shares hitting record highs as caution pre-
vailed ahead of the release of minutes from the U.S. Federal
Reserve's March meeting. Foreign investors have been ac-
tive buyers of debt and equities since March, and net pur-
chases in April alone have already totaled $933.67 million.
The rupee had touched an eight-month high of 59.5950 on
April 2, before giving up some gains, with the Reserve Bank
of India also suspected of having bought dollars to replenish
its foreign exchange reserves. The partially convertible ru-
pee closed at 60.14/15 per dollar compared with 60.11/12
on Monday. Financial markets were closed on Tuesday for a
local holiday. The rupee rose to the session high of 59.80 as
the BSE index rose as much as 1.77 percent to an all-time
high of 22,740.04, while the NSE index rose as much as 1.7
percent to a record high of 6,808.70.
The dollar recouped some ground against the yen on
Wednesday, following the previous session's steep losses,
but remained close to three-week lows against a basket of
major currencies. USD/JPY was last up 0.21% to 102.02, af-
ter falling more than 1% on Tuesday, touching lows of
101.54, the weakest level since March 19. The dollar re-
bounded from one-month lows against the yen on Wednes-
day, after posting the largest one-day decline against the
Japanese currency since November, while the euro was
steady near one-week highs.
The Australian dollar was steady against its U.S. counterpart
on Wednesday, trading near fresh four-and-a-half month
highs, supported by the release of positive Australian eco-
nomic reports, while markets eyed the outcome of the Fed-
eral Reserve's policy meeting. AUD/USD hit 0.9386 during
late Asian trade, the pair's highest since November 20; the
pair subsequently consolidated at 0.9361, inching up 0.03%.
The pair was likely to find support at 0.9266, Tuesday's low
and resistance at 0.9442, the high of November 20.
CURRENCY
RBI Reference Rate
Currency Rate Currency Rate
Rupee- $ 60.0740 Yen-100 58.8800
Euro 82.7896 GBP 100.5639
DAILY REPORT
10th
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
09/04/14 MCX GOLD APR. BUY 28600 28680-28780 28480 NOT EXECUTED
09/04/14 MCX GOLD APR. SELL 28350 28270-28170 28470 NOT EXECUTED
09/04/14 MCX SILVER MAY BUY 43600 43800-44100 43250 NOT EXECUTED
09/04/14 MCX SILVER MAY SELL 43030 42830-42530 43350 BOOKED FULL PROFIT
09/04/14 NCDEX GUARSEED APR.. BUY 4610 4640-4690 4560 SL TRIGGERED
09/04/14 NCDEX GUARSEED APR. SELL 4550 4520-4470 4600 BOOKED FULL PROFIT
09/04/14 NCDEX DHANIYA APR. BUY 9545 9575-9525 9495 BOOKED FULL PROFIT
09/04/14 NCDEX DHANIYA APR. SELL 9370 9350-9300 9420 NOT EXECUTED
09/04/14 USD/INR MAR. BUY 60.57 60.70-60.85 60.32 NOT EXECUTED
09/04/14 USD/INR MAR. SELL 60.17 60.04-59.89 60.42 SL TRIGGERED
09/04/14 JPY/INR MAR. SELL 58.18 58.00-57.85 58.38 NOT EXECUTED
09/04/14 JPY/INR MAR. BUY 58.66 58.79-58.94 58.41 NOT EXECUTED
Date Scrip
CASH/
FUTURE/
OPTION
Strategy Entry Level Target Stop Loss Remark
09/04/14 NIFTY FUTURE BUY 6765 6810-6860 6715 BOOKED PROFIT
09/04/14 PFC FUTURE BUY 189 190.5-192.5 187 BOOKED FULL PROFIT
09/04/14 BHARTI AIRTEL FUTURE BUY 322 325-330 316.5 CALL OPEN
09/04/14 RCOM CASH BUY 136 138-142 133 CALL OPEN
07/04/14 NIFTY FUTURE BUY 6700 6750-6800 6650 BOOKED FULL PROFIT
03/04/14 NIFTY FUTURE BUY
6750-
6780
6840-6880 6730 BOOKED PROFIT
04/04/14 HINDUNILEVER FUTURE BUY 605-610 618-623 595 CALL OPEN
02/04/14 SSLT FUTURE BUY 190-192 195-198 187 BOOKED PROFIT
01/04/14 BGR ENERGY CASH BUY 130-135 142-148 122 CALL OPEN
DAILY REPORT
10th
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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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 07
3 PM CONSUMER CREDIT FEB. -- $13.7 BLN
TUESDAY, APRIL 08
7:30 AM NFIB SMALL BUSINESS INDEX MARCH -- 91.4
10 AM JOB OPENINGS FEB. -- 4 MLN
WEDNESDAY, APRIL 09
10 AM WHOLESALE INVENTORIES FEB. -- 0.6%
2 PM FOMC MINUTES 3/19 --
THURSDAY, APRIL 10
8:30 AM JOBLESS CLAIMS 4/10 N/A N/A
8:30 AM IMPORT PRICE INDEX MARCH -- 0.9%
2 PM FEDERAL BUDGET MARCH -$107 BLN
FRIDAY ,APRIL 11
8:30 AM PRODUCER PRICE INDEX MARCH -- -0.1%
9:55 AM UMICH CONSUMER SENTIMENT APRIL -- 80.0

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Stock market special report by epic research 10th april 2014

  • 1. DAILY REPORT 10th APRIL 2014 YOUR MINTVISORY Call us at +91-731-6642300 Global markets at a glance European shares rebounded on Wednesday, led by gains in automakers, although some traders said caution ahead of the European earnings season could curb near-term progress. The pan-European FTSEurofirst 300 index closed up by 0.4 percent at 1,338.12 points, bouncing back after falling to its lowest level in more than a week in the previ- ous session. The euro zone's blue-chip Euro STOXX 50 in- dex also advanced by 0.2 percent to 3,182.79 points. Japan's Nikkei share average is set to test eight-month highs above 10,000 on Wednesday as investor appetite is boosted by signs of progress in the U.S. fiscal talks and ex- pectations of aggressive monetary easing under the new Japanese government. Wall Street Update US stocks rallied on Wednesday after minutes from the Federal Reserve's latest policy meeting showed a more supportive central bank than investors had previously ex- pected. All three major US stock indexes ended up more than 1%, with eight of the 10 S&P 500 sector indexes clos- ing higher. The Dow Jones industrial average rose 181.04 points or 1.11%, to end at 16,437.18. The S&P 500 gained 20.22 points or 1.09%, to finish at 1,872.18. The Nasdaq Composite added 70.91 pts or 1.72%, to close at 4,183.90. Previous day Roundup After three days of consolidation, equity benchmarks set another record closing high on Wednesday with the Nifty hitting 6800-mark supported largely by banking and finan- cial stocks. The index went up as high as 6,808.70 intraday, before closing at 6796.20, up 101.15 points or 1.51 per- cent. The Sensex surged 358.89 points or 1.61 percent to 22702.34 after hitting highest point of the day at 22740.04. Banks took the charge of this solid run with the BSE Bankex rising 3.5 percent. Index stats The Market was very volatile session yesterday. The sarto- rial indices performed as follow Consumer Durables [up 85.40pts], Capital Goods [down 218.04pts], PSU [up 111.02pts], FMCG [up 34.67pts], Realty [up 27.86pts], Power [up 29.99 pts], Auto [up 234.33pts], Healthcare [up 229.09pts], IT [down 96.48pts], Metals [up 228.99pts], TECK [down 41.39pts], Oil& Gas [up 117.53 pts]. World Indices Index Value % Change D J l 16,437.18 +1.11 S&P 500 1,872.18 +1.09 NASDAQ 4,183.90 +1.72 EURO STO 3,182.79 +0.16 FTSE 100 6,635.61 +0.68 Nikkei 225 14,412.19 +0.79 Hong Kong 22,753.53 -0.39 Top Gainers Company CMP Change % Chg SUNPHARMA 628.00 39.90 +6.78 BANKBARODA 790.30 39.95 +5.32 AXISBANK 1,486.65 64.60 +4.54 TATAMOTORS 422.20 18.20 +4.50 PNB 782.55 30.25 +4.02 Top Losers Company CMP Change % Chg TECHM 1,739.00 54.00 -3.01 HCLTECH 1,377.70 28.75 -2.04 INFY 3,250.45 42.95 -1.30 ONGC 322.00 3.60 -1.11 TCS 2,135.00 18.80 -0.87 Stocks at 52 Week’s high Symbol Prev. Close Change %Chg ADANIENT 382.00 3.15 +0.83 BANKBARODA 790.30 39.95 +5.32 CAIRN 350.10 8.60 +2.52 CROMPGREAV 165.00 13.90 +9.20 HINDALCO 142.85 5.50 +4.00 Indian Indices Company CMP Change % Chg NIFTY 6,796.20 +101.15 +1.51 SENSEX 22,702.34 +358.89 +1.61 Stocks at 52 Week’s Low Symbol Prev. Close Change %Chg
  • 2. DAILY REPORT 10th APRIL 2014 YOUR MINTVISORY Call us at +91-731-6642300 STOCK RECOMMENDATIONS [FUTURE] 1. YES BANK [FUTURE] YES BANK FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sustains above 440 levels. We advise buying around 445-450 levels with strict stop loss 430 for the targets of 465-485 levels. 2. SYNDICATE BANK [FUTURE] SYNDICATE BANK FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sustains above 102 levels. We advise buying around 102- 103 levels with strict stop loss 100 for the targets of 104- 107 levels. EQUITY CASH & FUTURE STOCK RECOMMENDATION [CASH] 1. ESCORTS INDIA ESCORTS INDIA is looking strong on charts. We advise buy- ing around 125-128 levels with strict stop loss of 120 for the targets of 132-138 levels. MACRO NEWS India's reserve money rose an annualized 12.6% in the week to April 4, faster than 6.0% a year earlier, the RBI said on Wednesday. Currency in circulation grew 9.0% YoY in the week to April 4 verses 11.2% a year earlier. Sun Pharmaceutical Industries Ltd plans to begin phasing out sales of generic drugs branded as Ranbaxy Laborato- ries Ltd products in the U.S. after completing a $3.2 billion takeover of its loss-making rival by the year end. After agreeing to temporarily sell gas to urea plants on old terms, Reliance Industries has told its sole customers the new formula, which almost doubles the price of the fuel, will apply from April 1. Last week, RIL and urea companies failed to settle the key terms of gas supply from April 1 upon expiry of the five-year contracts that priced gas from the eastern offshore KG-D6 fields at USD 4.205 per million British thermal units. Supreme Court to resume hearing in KG-D6 gas case on April 16. MCX -SX launches bank index 'SXBANK'. SBI planning USD 1 billion bond issue. Man Industries gets orders worth Rs 700 crore.
  • 3. DAILY REPORT 10th APRIL 2014 YOUR MINTVISORY Call us at +91-731-6642300 FUTURE & OPTION MOST ACTIVE PUT OPTION Symbol Op- tion Type Strike Price LTP Traded Volume (Contracts ) Open Interest NIFTY PE 6,700 21.5 3,94,312 61,73,350 NIFTY PE 6,600 9.9 2,56,951 56,99,200 BANKNIFTY PE 6,800 47 2,17,324 26,64,850 BANKNIFTY PE 12,500 66 35,231 2,86,000 SBIN PE 1,900 12.8 4,668 2,91,750 RANBAXY PE 440 3.6 2,021 6,18,000 SUNPHARMA PE 600 5.75 1,899 2,50,500 ICICBANK PE 1,200 8 1,740 2,32,750 MOST ACTIVE CALL OPTION Symbol Option Type Strike Price LTP Traded Volume (Contracts) Open Interest NIFTY CE 6,800 89.05 4,11,208 38,25,550 NIFTY CE 6,900 41.05 2,74,702 35,33,900 BANKNIFTY CE 6,700 161 1,77,998 32,43,850 BANKNIFTY CE 13,000 250 56,823 3,88,550 SBIN CE 2,100 16.85 4,072 2,91,750 RANBAXY CE 460 17.2 3,858 7,90,000 SUNPHARMA CE 620 22.15 3,527 2,19,500 ICICBANK CE 1,250 35 2,855 2,45,500 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 50276 1689.04 46609 1568.08 374226 12737.35 120.96 INDEX OPTIONS 364351 12088.69 322003 10614.64 1486842 50433.05 1474.05 STOCK FUTURES 94957 3495.59 98213 3615.01 1087041 38197.18 -119.42 STOCK OPTIONS 43857 1536.58 44091 1539.79 50226 1768.56 -3.21 TOTAL 1472.38 INDICES R2 R1 PIVOT S1 S2 NIFTY 6666.4 6731.3 6770.0 6834.9 6873.6 NIFTYJUNIOR 13485.49 13601.14 13664.95 13780.59 13844.4 BANK NIFTY 12405.36 12671.38 12814.46 13080.48 13223.56 STOCKS IN NEWS Bharti Airtel opens 100 retail stores in 14 months. Siemens India partners with Economictimes.com for social innovation initiative. Sun Pharma-Ranbaxy, Holcim-Lafarge deals to face in- tense regulatory scrutiny. Tata Motors buck the trend, log double-digit growth. RIL refuses to budge on gas price hike from April 1. Exports to European Union from Ranbaxy 's two plants to remain suspended. 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 6750 for the targets of 6860-6890.
  • 4. DAILY REPORT 10th APRIL 2014 YOUR MINTVISORY Call us at +91-731-6642300 RECOMMENDATIONS SILVER TRADING STRATEGY: BUY SILVER(MAY) ABOVE 42850 TGTS 43050/43400 SL 42500 SELL SILVER(MAY) BELOW 42500 TGTS 42300/42000 SL 42830 GOLD TRADING STRATEGY: BUY GOLD(JUN) ABOVE 28600 TGTS 28680/28780 SL 28480 SELL GOLD(JUN) BELOW 28350 TGTS 28270/28170 SL 28470 COMMODITY ROUNDUP Copper was showing contrary moves in the evening session trades on MCX. The prices of most of the other metals are rising sharply barring Copper that is sulking on account of expected defaults in China. This is the second day when Copper showed a caution due to the possible threats that some more defaults is possible after National Development and Reform Commission began a special inspection of cor- porate bonds in March. Meanwhile, another setback could come if the monetary measures that have been highlighted by various media channels over the last week did not take place in China. Copper is expected to show huge surplus in 2014. MCX Copper for April expiry was last checked at Rs 404.9 per kg, down 0.44%, even as the counterparts like Aluminium is up by 0.2% to Rs 108.8 per kg. Lead was the strongest among all and was marking gains of close to 1% at Rs 125.75 per kg. MCX Gold futures dropped in tune with the global prices as the traders eyed weakness in the global prices. The com- modity has edged up in the current week following a sharp upturn on Friday. However, the prices failed to hold on near two-week highs and eased towards $1300 per ounce today. The metal quotes at $1304.40, down $4.70 per ounce on the day. MCX Gold futures are trading at Rs 28430; down Rs 47 per 10 grams on the day with 8% increase in the open interest. Gold jumped yesterday as pro-Russian activists in the Ukrainian city of Donetsk proclaimed independence from Kiev and vowed to hold a referendum on the issue. Russia's foreign ministry warned Tuesday. MCX Crude oil futures jumped following the gains in the global prices today. The local futures topped above Rs 6200 per barrel in intraday trades amid frenzied buying as global prices extended their upturn following the escalating Ukraine conflict and bullish estimates for the WTI Crude oil from the Energy Information Administration (EIA). The WTI Crude quotes at $102.63, up 0.07 cents after briefly hitting highs near $103 per barrel. These are the highest levels in nearly five weeks for the commodity. MCX Crude oil trades at Rs 6199 per barrel; up Rs 37 per barrel or 0.60% on the day with a massive 55.65% increase in the open inter- est. The prices rose last night amid mixed activity in US stock markets. Spot prices for the WTI crude oil are ex- pected to average at $95.60 a barrel this year — up from a previous forecast of $95.33 a barrel. COMMODITY MCX
  • 5. DAILY REPORT 10th APRIL 2014 YOUR MINTVISORY Call us at +91-731-6642300 RECOMMENDATIONS DHANIYA BUY DHANIYA APR ABOVE 9710 TGTS 9740,9790 SL 9660 SELL DHANIYA APR BELOW 9635 TGTS 9605,9555 SL 9695 GUARSEED BUY GUARSEED APR ABOVE 4630 TGTS 4660,4710 SL 4580 SELL GUARSEED APR BELOW 4480 TGTS 4450,4400 SL 4530 NCDEX NCDEX INDICES Index Value % Change Castor Seed 3875 -3.99 Chana 3083 -0.55 Coriander 9680 +2.12 Cotton Seed Oilcake 1496 +0.13 Jeera 4480 -2.50 Maize– Feed/Industrial Grade 9795 +0.26 Mustard seed 3397 -0.12 Soy Bean 3092 +0.60 Turmeric 6176 +0.88 NCDEX ROUNDUP Edible oil processors and importers have urged the com- modity derivatives markets regulator the Forward Markets Commission to withdraw extension in trading time given in internationally reference able agri commodities. Continuing its rising streak, sugar prices went up by an- other 0.50% to Rs 3,205 per quintal in futures market yes- terday as speculators indulged in creating positions, sup- ported by summer season demand from bulk consumers amid fall in production. At the NCDEX, sugar for delivery in May gathered Rs 16, or 0.50 per cent, to Rs 3,205 per quin- tal with an open interest of 51,500 lots. Cardamom prices rose by 2.55% to Rs 945 per kg in futures trade yesterday as speculators indulged in enlarging posi- tions amid restricted arrivals. Further, firm export demand in the spot market also supported the upside. On the MCX cardamom for April delivery surged Rs 23.50, or 2.55%, to Rs 945 per kg in a business volume of 124 lots. The spice for delivery in May gained Rs 1.20, or 0.13%, to Rs 911 per kg in a business volume of 473 lots. Besides restricted supplies from producing belts, strong export and domestic demand also influenced cardamom prices at futures trade.
  • 6. DAILY REPORT 10th APRIL 2014 YOUR MINTVISORY Call us at +91-731-6642300 USD/INR BUY USD-INR ABOVE 60.53 TGTS 60.66, 60.81 SL 60.28. SELL USD-INR BELOW 60.17 TGTS 60.04, 59.89 SL 60.42. EUR/INR BUY EUR-INR ABOVE 83.44 TGTS 83.57, 83.72 SL 83.19. SELL EUR-INR BELOW 82.88 TGTS 82.75,82.60 SL 83.13. CURRENCY ROUNDUP The Indian rupee ended a touch weaker on Wednesday de- spite domestic shares hitting record highs as caution pre- vailed ahead of the release of minutes from the U.S. Federal Reserve's March meeting. Foreign investors have been ac- tive buyers of debt and equities since March, and net pur- chases in April alone have already totaled $933.67 million. The rupee had touched an eight-month high of 59.5950 on April 2, before giving up some gains, with the Reserve Bank of India also suspected of having bought dollars to replenish its foreign exchange reserves. The partially convertible ru- pee closed at 60.14/15 per dollar compared with 60.11/12 on Monday. Financial markets were closed on Tuesday for a local holiday. The rupee rose to the session high of 59.80 as the BSE index rose as much as 1.77 percent to an all-time high of 22,740.04, while the NSE index rose as much as 1.7 percent to a record high of 6,808.70. The dollar recouped some ground against the yen on Wednesday, following the previous session's steep losses, but remained close to three-week lows against a basket of major currencies. USD/JPY was last up 0.21% to 102.02, af- ter falling more than 1% on Tuesday, touching lows of 101.54, the weakest level since March 19. The dollar re- bounded from one-month lows against the yen on Wednes- day, after posting the largest one-day decline against the Japanese currency since November, while the euro was steady near one-week highs. The Australian dollar was steady against its U.S. counterpart on Wednesday, trading near fresh four-and-a-half month highs, supported by the release of positive Australian eco- nomic reports, while markets eyed the outcome of the Fed- eral Reserve's policy meeting. AUD/USD hit 0.9386 during late Asian trade, the pair's highest since November 20; the pair subsequently consolidated at 0.9361, inching up 0.03%. The pair was likely to find support at 0.9266, Tuesday's low and resistance at 0.9442, the high of November 20. CURRENCY RBI Reference Rate Currency Rate Currency Rate Rupee- $ 60.0740 Yen-100 58.8800 Euro 82.7896 GBP 100.5639
  • 7. DAILY REPORT 10th 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 09/04/14 MCX GOLD APR. BUY 28600 28680-28780 28480 NOT EXECUTED 09/04/14 MCX GOLD APR. SELL 28350 28270-28170 28470 NOT EXECUTED 09/04/14 MCX SILVER MAY BUY 43600 43800-44100 43250 NOT EXECUTED 09/04/14 MCX SILVER MAY SELL 43030 42830-42530 43350 BOOKED FULL PROFIT 09/04/14 NCDEX GUARSEED APR.. BUY 4610 4640-4690 4560 SL TRIGGERED 09/04/14 NCDEX GUARSEED APR. SELL 4550 4520-4470 4600 BOOKED FULL PROFIT 09/04/14 NCDEX DHANIYA APR. BUY 9545 9575-9525 9495 BOOKED FULL PROFIT 09/04/14 NCDEX DHANIYA APR. SELL 9370 9350-9300 9420 NOT EXECUTED 09/04/14 USD/INR MAR. BUY 60.57 60.70-60.85 60.32 NOT EXECUTED 09/04/14 USD/INR MAR. SELL 60.17 60.04-59.89 60.42 SL TRIGGERED 09/04/14 JPY/INR MAR. SELL 58.18 58.00-57.85 58.38 NOT EXECUTED 09/04/14 JPY/INR MAR. BUY 58.66 58.79-58.94 58.41 NOT EXECUTED Date Scrip CASH/ FUTURE/ OPTION Strategy Entry Level Target Stop Loss Remark 09/04/14 NIFTY FUTURE BUY 6765 6810-6860 6715 BOOKED PROFIT 09/04/14 PFC FUTURE BUY 189 190.5-192.5 187 BOOKED FULL PROFIT 09/04/14 BHARTI AIRTEL FUTURE BUY 322 325-330 316.5 CALL OPEN 09/04/14 RCOM CASH BUY 136 138-142 133 CALL OPEN 07/04/14 NIFTY FUTURE BUY 6700 6750-6800 6650 BOOKED FULL PROFIT 03/04/14 NIFTY FUTURE BUY 6750- 6780 6840-6880 6730 BOOKED PROFIT 04/04/14 HINDUNILEVER FUTURE BUY 605-610 618-623 595 CALL OPEN 02/04/14 SSLT FUTURE BUY 190-192 195-198 187 BOOKED PROFIT 01/04/14 BGR ENERGY CASH BUY 130-135 142-148 122 CALL OPEN
  • 8. DAILY REPORT 10th 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 07 3 PM CONSUMER CREDIT FEB. -- $13.7 BLN TUESDAY, APRIL 08 7:30 AM NFIB SMALL BUSINESS INDEX MARCH -- 91.4 10 AM JOB OPENINGS FEB. -- 4 MLN WEDNESDAY, APRIL 09 10 AM WHOLESALE INVENTORIES FEB. -- 0.6% 2 PM FOMC MINUTES 3/19 -- THURSDAY, APRIL 10 8:30 AM JOBLESS CLAIMS 4/10 N/A N/A 8:30 AM IMPORT PRICE INDEX MARCH -- 0.9% 2 PM FEDERAL BUDGET MARCH -$107 BLN FRIDAY ,APRIL 11 8:30 AM PRODUCER PRICE INDEX MARCH -- -0.1% 9:55 AM UMICH CONSUMER SENTIMENT APRIL -- 80.0