Professional Documents
Culture Documents
Global markets at a glance European shares inched higher on Wednesday, recovering some of their poise after weakness in the previous session, with a report that the European Central Bank was mulling setting negative deposit rates. The FTSEurofirst 300 ended up 0.1% at 1,297.36 points, off a session high of 1,302.21 points. Euro STOXX 50, meanwhile, shed 0.1% to 3,047.32 points. Wall Street update The Dow Jones industrial average fell 66.21 points, or 0.41 percent, to end at 15,900.82. The Standard & Poor's 500 Index declined 6.50 points, or 0.36 percent, to finish at 1,781.37. The Nasdaq Composite Index dropped 10.28 points, or 0.26 percent, to close at 3,921.27. During the regular session, the Dow popped above 16,000 at one point to touch an intraday high of 16,016.85. The blue-chip average has traded above 16,000 over the last couple of sessions but has failed to close above that level, while the S&P 500 has been unable to close above 1,800. Previous day Roundup Indian shares fell nearly 1.5% on Wednesday, marking their biggest single-day percentage fall in nearly 1-1/2 months, as blue chips slumped on profit-booking after three consecutive sessions of gains. Sentiment was also hit after FII sold 6.68 billion rupees worth of Indian equity derivatives on Tuesday. Heavy overseas buying of over $1.2 billion in Nov so far has boosted domestic shares recently. BSE index fell 1.22%, or 255.69 pts, to end at 20,635.13. It fell nearly 1.5% during the day, its biggest single-day percentage fall since Sept. 30. The broader NSE index fell 1.3%, or 80.45 points, to end at 6,122.90. Index stats The Bankex and Bank Nifty both advanced 0.41% respectively. All the sectors advanced Capital Goods [down 108.86pts], Oil & Gas [down 99.00pts], Realty [down 5.93pts], TECK [down 59.09pts], IT [down 88.52pts], FMCG [down 57.87pts], AUTO [down 150.57pts], PSU [down 32.95pts], Consumer Durables [down 93.97pts], Power [down 4.60pts], and Healthcare [down 102.98pts] except that of Metals which were moved slightly up; Metals [up 15.13pts].
World Indices
Index DJl S&P 500 NASDAQ EURO STO FTSE 100 Nikkei 225 Hong Kong Value 15,900.82 1,781.37 3,921.27 3,047.32 6,681.08 15,322.46 23,573.84 % Change -0.41 -0.36 -0.26 -0.06 -0.25 +1.63 -0.54
Top Gainers
Company CMP Change % Chg
Top Losers
Company CMP Change % Chg
JPOLYINVST SPECIALITY
93.50 106.40
4.90 3.65
-4.98 -3.32
Indian Indices
Company NIFTY SENSEX CMP Change % Chg
6,122.90 20,635.13
-80.45 -255.69
-1.30 -1.22
YOUR MINTVISORY
Call us at +91-731-6642300
DAILY REPORT
21st NOVEMBER. 2013
ICICI BANK FUTURE is looking weak on charts, short build down has been seen, we may see more downside, if it continues to sustain below 1050, We advise selling around 1060-1050 levels with strict stop loss of 1080 for the targets of 1035-1020 levels. 2. COAL INDIA
WYETH LTD is looking strong on charts. We advise buying above 780 levels with strict stop loss of 755 for the targets of 805-830 levels. MACRO NEWS Telecom operator Sistema Shyam Teleservices today reported widening of net loss to Rs 760 crore for the third quarter ended September 30, 2013 mainly on account of forex loss and business restructuring. The company had posted a net loss of Rs 495.5 cr for the same period a year ago. The revenues also declined by about 30% to Rs 284.4 cr during the reported quarter vs Rs 404 cr in the same period a year ago. Diesel prices will be deregulated in six months with gradual price increases. DBS Bank to open 50 branches in India in 3 years Gujarat State Petroleum Corporation (GSPC) has decided not to pick up more than one per cent of equity in the upcoming Rs 21,396-crore mega petrochemical project of ONGC Petro Additions (OPAL) on account of cost escalations. Board okays sale of Jet Privilege Flyer programme to arm -Company, Etihad also agreed to make equity investment in Jet Privilege. Etihad to hold 50.1 percent stake in Jet Privilege. Jet Privilege transaction is subject to Competition Commission of India (CCI) nod.
COAL INDIA FUTURE is looking strong on charts, long build down has been seen, we may see more downside, if it continues to sustain above 275, We advise buying above 275 levels with strict stop loss of 270 for the targets of 279-282 levels.
YOUR MINTVISORY
Call us at +91-731-6642300
DAILY REPORT
21st NOVEMBER. 2013
NIFTY NIFTY NIFTY BANK NIFTY SBIN INFY RELIANCE AXISBANK Symbol
11,000 199.55
STOCKS IN NEWS Tata Motors lines up two car launches in 2014. Arvind Ltd. may buy 49% in Calvin Klein India Diageo may knock some of United Spirits' lossmaking brands to improve its margins SAIL plans to raise iron ore output capacity to 43 million tonne by full year 2016 Coal India invites applications from state entities for coal import NIFTY FUTURE
Nifty Future closed in the red in the last trading session. We advise selling around 6180-6200 with strict stop loss of 6235 for the targets of 6150-6100 levels.
INDICES
NIFTY NIFTYJUNIOR BANK NIFTY YOUR MINTVISORY
S2
6047.33 12020.11 10758.78
S1
6085.11 12094.23 10862.96
PIVOT
6144.73 12213.61 11009.73
R1
6182.51 12287.73 11113.91
R2
6242.13 12407.11 11260.68
Call us at +91-731-6642300
DAILY REPORT
21st NOVEMBER. 2013
COMMODITY MCX
COMMODITY ROUNDDOWN India crude oil prices edged higher due to short covering and was seen trading up on Wednesday amid a slight recovery in global crude oil futures. NYMEX crude oil for January delivery was seen trading at $93.89 per barrel as of 15.35 IST. Crude oil futures on India's Multi Commodity Exchange (MCX) for December delivery was seen trading with a gain of 0.47% at Rs.5928 per barrel as of 15.37 IST on Wednesday. WTI crude oil edged up from a fivemonth low on speculation that demand for crude rose as crude oil refineries raised their output after ending seasonal maintenance. Organization for Economic Cooperation and Development has cut its global growth forecasts. MCX copper for November delivery witnessed a decline in the morning pressured by firm INR. However, the prices managed to recover the losses in the afternoon session. MCX copper for November delivery was seen trading with a gain of 0.23% at Rs.436.15 per kilogram as of 16.44 IST on Wednesday. Gold shipped from Hong Kong to the mainland, used as a proxy for Chinese demand as bullion imports are a state secret, nearly tripled to 855 tonnes in the year to September China, set to pass India this year, as the world's top gold consumer, has imported a fifth more bullion than data from its traditional conduit Hong Kong show, as it brings in the metal via other routes. Exports from Switzerland -home to the world's biggest gold refineries are also being shipped directly to ShanghaI. Silver prices rose by 0.48% to Rs 47,105 per kg in futures trading yesterday as speculators enlarged positions despite a weakening trend in global markets. At the Multi Commodity Exchange, silver for delivery in March next year rose by Rs 324, or 0.48%, to Rs 47,105 per kg in business turnover of four lots. Likewise, the white metal for delivery in December traded higher by Rs 196, or 0.43%, to Rs 45,636 per kg in 229 lots. Fresh positions built up by speculators helped silver futures to trade higher but a weak trend overseas limited gains. Meanwhile, silver rose 0.60% to $20.25 an ounce in Singapore.
RECOMMENDATIONS GOLD
TRADING STRATEGY: BUY GOLD ABOVE 30500 TGTS 30600/30800 SL 30350 SELL GOD BELOW 29970 TGTS 29870/29700 SL 30100 CRUDE
TRADING STRATEGY: BUY CRUDE ABOVE 5950 TGTS 6000/6050 STRICT SL 5870 SELL CRUDE BELOW 5800 TGTS 5750/5700 STRICT SL 5870
YOUR MINTVISORY
Call us at +91-731-6642300
DAILY REPORT
21st NOVEMBER. 2013
NCDEX
RECOMMENDATIONS CASTORSEED
Barley Castor Seed Chana Chilli Coriander Cotton Seed Oilcake Jeera Mustard seed Ref Soya Oil Turmeric SELL CASTORSEED JAN BELOW 4255 TG 4225,4280 SL 4295 BUY CASTORSEED JAN ABOVE 4320 TG 4360,4400 SL 4280 DHANIYA
1282 3885 2960 6588 7110 1444 12620 3670 706.2 5082
0.00 -0.31 -0.74 -3.99 +0.64 +0.14 +0.74 0.00 -0.04 -1.74
NCDEX ROUNDDOWN Sugar cane prices have increased 17 percent on average for the last three years , while sugar prices have been lower by nearly 10 percent year-on-year (Y-o-Y) leading to deep losses by the industry.. expectations on higher surplus sugar production in India is expected to keep India sugar futures negative for short term. India the world's second largest sweetner producer may produce higher than its total demand. India sugar prices was seen trading up on Wednesday due to short covering only even as commodity trend looks negative for near term. The futures on National Commodity and Derivatives Exchange (NCDEX) for December delivery was seen trading with a gain of 0.75% at Rs.2828 per 100 kgs as of 12.14 IST on Wednesday.
SELL DHANIYA DEC BELOW 7280 TG 7250,7210 SL 7330 BUY DHANIYA DEC BELOW 7370 TG 7400,7440 SL 7320
The Centre will take a call on a host of measures - including revising the duty drawback rate for sugar exports, providing interest-free loans for millers and lowering the time frame for re-export of imported raw sugar - in eight to 10 days to bail out the sector. Senior ministers met on Wednesday to take stock of the crisis, caused by mounting cane arrears and huge unsold stock.
YOUR MINTVISORY
Call us at +91-731-6642300
DAILY REPORT
21st NOVEMBER. 2013
CURRENCY
62.5100 100.7747
CURRENCY ROUNDDOWN The rupee snapped a four-day winning streak on Wednesday, weighed down by weaker domestic shares and hurt by broad-based dollar buying from corporates and oil refiners. The losses came even as Federal Reserve Chairman Ben Bernanke reiterated its commitment to easy policy, echoing dovish comments from Chair nominee Janet Yellen last week. Investors are also looking ahead for minutes from the Federal Reserve's October meeting to garner clues about when it might start tapering its monetary stimulus. Net dollar inflows into equity and debt markets so far this month have been clearly insufficient to meet the demand from oil companies in the same period, weighing on the rupee. The partially convertible rupee closed at 62.57/58 per dollar, compared with 62.36/37 on Tuesday. It weakened as much as 62.68 during the day. It had gained 2.2 percent in the past four sessions. A large part of the dollar demand by state-run oil companies, which was diverted to a special window by the RBI in August, has returned to markets recently, adding selling pressure on the rupee. That is offsetting what has been strong foreign buying of shares, reaching a net $1 billion so far in November, that had helped lift the rupee. In the offshore non-deliverable forwards, the onemonth contract was at 63.09, while the three-month was at 64.19. The yen weakened slightly in early Asian trade on Thursday ahead of the latest policy review details from the Bank of Japan expected to emphasize continued aggressive easing. USD/JPY traded at 100.13, up 0.10%, in a range of 100.02 100.14 ahead of the policy announcement at 1230 local time (0330 GMT) with the benchmark rate forecast stable at 0.10%. BoJ Governor Haruhiko Kuroda will hold a news conference at 1530 local time (0630 GMT). Also on the horizon Thursday is the closely watched HSBC November flash purchasing managers index for China, forecast to come out at 50.8, easing from 50.9 for the final in October.
JPY/INR has closed @62.6900. If it sustains above the level of 62.82, it can touch the level of 62.99 & 63.17. If it breaks the level of 62.15 it can touch the level of 61.99 & 61.78. GBP/INR
GBP/INR has closed @101.0900. If it sustains above the level of 101.40, it can touch the level of 101.613 & 101.83. If it breaks the level of 100.25 it can touch the level of 100.05 & 99.89.
YOUR MINTVISORY
Call us at +91-731-6642300
DAILY REPORT
21st NOVEMBER. 2013
CALL REPORT
PERFORMANCE UPDATES
Date
19/11/13 19/11/13 19/11/13 19/11/13 19/11/13 19/11/13 19/11/13 19/11/13 18/11/13 18/11/13 18/11/13 18/11/13
Contract
JAN. JAN. DEC. DEC. NOV. NOV. NOV. NOV. DEC DEC DEC. DEC.
Strategy
SELL BUY BUY SELL SELL BUY SELL BUY BUY SELL BUY SELL
Entry Level
4290 4330 7370 7220 62.25 62.90 100.20 100.90 46700 45100 30200 29950
Target
4260-4220 4360-4400 7400-7450 7190-7150 62.12-61.96 63.09-63.30 100.03-99.84 101.11-101.35 46950-47300 44850-44600 30280-30380 29880-29780
Stop Loss
4340 4280 7320 7270
Remark
BOOKED PROFIT NOT EXECUTED NO PROFIT NO LOSS SL TRIGGERED NOT EXECUTED NOT EXECUTED NOT EXECUTED BOOKED PROFIT
Date
06/11/13 06/11/13 06/11/13 06/11/13
Scrip
NIFTY ITC YESBANK REC
Strategy
SELL SELL SELL BUY
Entry Level
6270 320 370 214
Target
6250-6220 317-312 367-362 217-222
Stop Loss
6305 325 375 209
Remark
BOOKED PROFIT NO PROFIT NO LOSS SL TRIGGERED NOT EXECUTED
US ECONOMIC REPORT
TIME (ET) REPORT PERIOD ACTUAL CONSENSUSFORECAST PREVIOUS
THURSDAY, NOV. 21
8:30 AM 8:30 AM 8:30 AM 8:58 AM 10 AM 10 AM WEEKLY JOBLESS CLAIMS PRODUCER PRICE INDEX CORE PPI MARKIT FLASH PMI PHILLY FED LEADING INDICATORS 11/16 OCT. OCT. NOV. NOV. OCT. N/A -0.2% 0.1 -15.0 --0.1% 0.1% 51.8 19.8 N/A
FRIDAY, NOV. 22
10 AM JOB OPENINGS SEPT. 3.9 mln
Disclaimer
The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits them the most. Sincere efforts have been made to present the right investment perspective. The information contained herein is based on analysis and up on sources that we consider reliable. This material is for personal information and based upon it & takes no responsibility. The information given herein should be treated as only factor, while making investment decision. The report does not provide individually tailor-made investment advice. Epic research recommends that investors independently evaluate particular investments and strategies, and encourages investors to seek the advice of a financial adviser. Epic research shall not be responsible for any transaction conducted based on the information given in this report, which is in violation of rules and regulations of NSE and BSE. The share price projections shown are not necessarily indicative of future price performance. The information herein, together with all estimates and forecasts, can change without notice. Analyst or any person related to epic research might be holding positions in the stocks recommended. It is understood that anyone who is browsing through the site has done so at his free will and does not read any views expressed as a recommendation for which either the site or its owners or anyone can be held responsible for . Any surfing and reading of the information is the acceptance of this disclaimer. All Rights Reserved. Investment in equity & bullion market has its own risks. We, however, do not vouch for the accuracy or the completeness thereof. We are not responsible for any loss incurred whatsoever for any financial profits or loss which may arise from the recommendations above epic research does not purport to be an invitation or an offer to buy or sell any financial instrument. Our Clients (Paid or Unpaid), any third party or anyone else have no rights to forward or share our calls or SMS or Report or Any Information Provided by us to/with anyone which is received directly or indirectly by them. If found so then Serious Legal Actions can be taken.
YOUR MINTVISORY
Call us at +91-731-6642300