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DAILY REPORT
10th
OCTOBER. 2013
YOUR MINTVISORY Call us at +91-731-6642300
Global markets at a glance
Rising anxiety over the budget deadlock in Washington
drove world shares down for a third day on Wednesday, Brit-
ain's top share index fell on Wednesday for a third day run-
ning as the lack of progress on efforts to resolve a US budget
stalemate took its toll on investor sentiment. The FTSE 100
was down 28.39 points, or 0.5%, at 6,337.44 points by 0741
GMT, taking its decline this week to 1.8% .
Hong Kong shares slipped on Wednesday. The Hang Seng
Index ended down 0.6% at 23,034 points, while the China
Enterprises Index of the top Chinese listings in Hong Kong
slipped 0.3%. Both have been in a tight trading range for al-
most two weeks.
Wall Street Update
Wall Street rebounded in the afternoon after the Nasdaq fell
as much as 1%. The Dow Jones industrial average .DJI ended
up 26.45 points, or 0.18 percent, at 14,802.98. The Standard
& Poor's 500 Index. SPX rose 0.95 point, or 0.06 percent, at
1,656.40. The Nasdaq Composite Index.
Previous day Roundup
The market ended at a 2.5 week high as September. The
BSE Sensex rose more than 1% on Wednesday, marking its
highest close in nearly 2-1/2 weeks as the September trade
deficit narrowed sharply, raising hopes for a significant im-
provement in the country's current account balance. The
Sensex provisionally rose 1.33%, marking its highest close
since September 20. The Nifty also ended up 1.33%. About
1396 shares have advanced, 1014 shares declined, and 172
shares are unchanged.
The NSE bank index turned positive, up 0.5 % after earlier
falling as much as 1.9 per cent earlier in the day after Sep-
tember trade deficit came in better than expected at $6.7
billion .
Index stats
Bank Nifty & Bankex both advanced 1.91% & 1.88% respec-
tively, the sectors which were in positive move with Nifty in
yesterday’s session were; Capital Goods [up 150.41pts],
AUTO [up 63.28pts], Healthcare [up 181.93pts], FMCG [up
28.55pts]. Power [up 24.36pts] IT [up pts], Oil & Gas [up
117.64pts], TECK [up 60.99pts], PSU [up 45.21pts], Metals
[up 68.40pts], REALTY [up 53.85pts] traded upward except
Consumer Durables [down 21.30pts].
World Indices
Index Value % Change
D J l 14,802.98 +0.18
S&P 500 1,656.40 +0.06
NASDAQ 3,677.78 -0.46
EURO STO 2,904.73 +0.05
FTSE 100 6,337.91 -0.44
Nikkei 225 14,150.98 +0.81
Hong Kong 23,020.95 -0.06
Top Gainers
Company CMP Change % Chg
DLF 147.10 8.30 +5.98
SUNPHARMA 649.35 35.20 +5.73
JPASSOCIAT 39.60 +1.65 +4.35
KOTAK BANK 722.80 +27.95 +4.02
IDFC 97.15 +3.30 +3.52
Top Losers
Company CMP Change % Chg
WIPRO 476.00 7.45 -1.54
M&M 850.95 12.20 -1.41
CAIRN 322.65 2.20 -0.68
BPCL 339.65 2.05 -0.60
MARUTI 1,339.80 6.80 -0.48
Stocks at 52 Week’s high
Symbol Prev. Close Change %Chg
DENSO 140.45 1.15 +0.83
IDEA 181.95 0.50 -0.27
LUPIN 918.70 28.50 +3.20
SUNPHARMA 649.35 35.20 +5.73
TECHM 1,483.85 41.50 +2.88
Indian Indices
Company CMP Change % Chg
NIFTY 6,007.45 +79.05 +1.33
SENSEX 20,249.26 +265.65 +1.33
Stocks at 52 Week’s Low
Symbol Prev. Close Change %Chg
JSL 36.95 0.25 +0.68
KIRLOSBROS 135.00 9.95 -6.86
DAILY REPORT
10th
OCTOBER. 2013
YOUR MINTVISORY Call us at +91-731-6642300
STOCK RECOMMENDATIONS [FUTURE]
1. RCOM
RCOM FUTURE is looking strong on charts, long build up has
been seen, we may see more upside, if it continues to sus-
tain above 155. We advise buying around 154-155 levels
with strict stop loss of 152 for the targets of 157-159 levels.
2. ICICI BANK
ICICI BANK FUTURE is looking strong on charts, long build
up has been seen, we may see more upside, if it continues
to sustain above 960. We advise buying around 950-960
levels with strict stop loss of 920 for the targets of 980-990
levels.
STOCK RECOMMENDATION [CASH]
1. REPRO INDIA LTD
REPRO INDIA LTD is looking strong on charts . We advise
buying above 148 with strict stop loss of 141 for the tar-
gets of 152-158 levels.
MACRO NEWS
Bharti & Walmart have scrapped the joint venture deal.
Both the companies will now independently own & op-
erate separate business formats in India. They decided
to discontinue franchisee pact in retail and Walmart will
acquire Bharti's stake in Bharti-Walmart.
India’s trade deficit for the month of September fell to
USD 6.76 billion from USD 17.15 billion a year ago.
While exports are up 11.15 % to USD 27.68 billion in
September, imports have dipped 18.1 % to USD 34.44
billion. Gold and silver imports slid to USD 0.8 billion for
the period in focus from USD 4.6 billion in September
2012.
INFOSYS is going to report its second quarter earnings
this Friday.
Mukesh Ambani-owned Reliance Jio calls TRAI's plan to
impose 3% spectrum usage fee (SUC).
Factory Output Data will be announced on Friday.
Business confidence of India Inc for October-December
quarter dropped to the lowest level in four-and-a-half
years amid economic uncertainty in the global and do-
mestic markets,
EQUITY CASH & FUTURE
DAILY REPORT
10th
OCTOBER. 2013
YOUR MINTVISORY Call us at +91-731-6642300
FUTURE & OPTION
MOST ACTIVE PUT OPTION
Symbol Option
Type
Strike
Price
LTP Traded
Volume
(Contracts)
Open
Interest
NIFTY PE 5,800 61.10 2,32,981 48,38,700
NIFTY PE 5,700 42.45 2,28,790 60,08,000
NIFTY PE 5,900 85.15 1,65,532 34,27,900
BANK NIFTY PE 9,500 123.05 20,348 5,45,350
SBIN PE 1,600 58.20 4,536 2,24,750
SBIN PE 1,500 26.00 3,077 2,24,375
INFY PE 2,600 36.00 6,367 8,05,125
INFY PE 2,500 22.60 5,763 7,00,375
MOST ACTIVE CALL OPTION
Symbol Option
Type
Strike
Price
LTP Traded
Volume
(Contracts)
Open
Interest
NIFTY CE 6,100 120.15 2,81,332 5,60,350
NIFTY CE 6,200 76.80 2,41,583 35,26,700
NIFTY CE 6,000 173.75 1,83,342 1,90,450
BANKNIFTY CE 11,000 172.00 20,268 2,70,600
INFY CE 3,500 52.70 7,684 6,02,500
INFY CE 3,600 33.00 6,983 4,37,625
DLF CE 150 9.00 4,061 15,86,000
SBIN CE 1,700 42.50 5,615 4,10,750
SBIN CE 1,600 86.50 3,518 88,375
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 86381 2519.57 67873 2013.47 395834 11710.65 506.11
INDEX OPTIONS 456128 13302.40 474992 13842.08 1882856 56299.05 -539.68
STOCK FUTURES 66672 1794.92 82305 2246.44 947653 26862.61 -451.52
STOCK OPTIONS 36329 1009.14 37065 1027.31 73724 2140.54 -18.16
TOTAL -503.26
INDICES S2 S1 PIVOT R1 R2
NIFTY 5828.28 5917.86 5966.68 6056.26 6105.08
NIFTYJUNIOR 11446.6 11585.45 11664.45 11803.3 11882.3
BANK NIFTY 9801.08 10068.01 10214.18 10481.11 10627.28
STOCKS IN NEWS
Jubilant Pharma will open API subsidiary in Singapore.
Bayer CropScience may buy under 26% stake in Kaveri
Seeds.
Power Finance Corp has extended the bidding dead-
line for its $150 mln six-year term loan to October 17.
PNB, OBC cut interest rate on car, consumer goods
loans.
Rashtriya Ispat Nigam's sales revenue rose by 34 per
cent to Rs 1,222 crore in September.
DLF sells non-core assets worth $24 mn to pare debt
NIFTY FUTURE
Nifty Future closed in the green in the last trading session.
We advise buying on dips around 5980-6000 with strict
stop loss of 5950 for the targets of 6075-6095 levels.
DAILY REPORT
10th
OCTOBER. 2013
YOUR MINTVISORY Call us at +91-731-6642300
RECOMMENDATIONS
SILVER
TRADING STRATEGY:
BUY SILVER ABOVE 49550 TGTS 49850/50150 SL 49150
SELL SILVER BELOW 48800TGTS 48500/48200 SL 49200
GOLD
TRADING STRATEGY:
BUY GOLD ABOVE 29450 TGTS 29550/29650 SL 29330
SELL GOLD BELOW 29050 TGTS 28950/ 28850 SL 29180
COMMODITY ROUNDUP
India crude oil futures was seen trading slightly down on
Wednesday amid weak global cues. Partial shutdown of the
US Govt. was seen pressuring the commodity movement in
the global market to certain extent. EIA data is expected to
impact the commodity prices negatively. MCX crude oil fu-
tures for October delivery was seen trading down by 0.57% at
Rs. 6416 per barrel as of 17.02 IST on Wednesday. WTI crude
oil futures for November delivery on NYMEX was seen trading
with a loss of 18 cents at $103.31 per barrel as of 17.17 IST on
Wednesday.
MCX copper futures for November delivery was seen trading
down by 1.03% at Rs. 451.55 per kilogram as of 17.09 IST on
Wednesday. Copper on LME for delivery in three months was
seen trading down by 0.45% at $7193 per metric ton as of
14.05 IST on Wednesday.
India's gold demand could rise as much as 15 % this quarter
to 300 tonnes as pent-up demand following a good monsoon
keeps the country on track for yearly demand estimated at
1,000 tonnes. Some market participants say the excess de-
mand could be met by smuggled gold, which has risen sub-
stantially after import curbs were imposed. futures prices
yesterday fell by 0.55% to Rs 29,455 per 10 gram as specula-
tors trimmed positions, tracking a weak global trend. At
the MCX, gold prices for delivery in December was trading Rs
164, or 0.55% lower at Rs 29,455 per 10 grams in business
turnover of 3,055 lots. On similar lines, metal prices for deliv-
ery in far-month February, 2013 eased by Rs 119, or 0.40%, to
Rs 29,311 per ten grams in 90 lots.
At the MCX silver prices for delivery in December traded
lower by Rs 169 or 0.34%, to Rs 49.783 per kg in business
turnover of 723 lots. Similarly, the white metal prices for de-
livery in March next year declined by Rs 143 or 0.28% to Rs
50.969 per kg in business volume of four lots.
Export-oriented sectors such as IT services, pharmaceuticals
and textiles will, in aggregate, report EBITDA margin expan-
sion of nearly 100 bps, while EBITDA margins for other sec-
tors are estimated to have declined by about 50 bps.
COMMODITY MCX
DAILY REPORT
10th
OCTOBER. 2013
YOUR MINTVISORY Call us at +91-731-6642300
RECOMMENDATIONS
CASTORSEED
BUY CASTORSEED ABOVE 3600 TG 3630,3660 SL 3560
SELL CASTORSEED BELOW 3500 TG 3470, 3440 SL 3550S
DHANIYA
BUY DHANIYA ABOVE 6485 TG 6515,6545 SL 6445S
SELL DHANIYA BELOW 6385 TG 6355,6325 SL 6425
NCDEX ROUNDUP
Exports of soya meal have jumped 37% to touch an all time
high of Rs 10,588.43 crore in marketing year 2012-13
(October-September), mainly on the back of rupee depre-
ciation Exports of soya meal during the same period last
year stood at Rs 7,745.36 crore, according to the data
available with Soybean Processors Association (SOPA).
Maschio Gaspardo India Pvt Ltd, subsidiary fo Italy based
international group specialising in agricultural machinery
and equipments, has completed one year of operations in
India and announced Rs 300 cr investment till 2017 for en-
hancement of manufacturing capacity. Maschio Gaspardo
Group plans to invest Rs. 300 crore in the Ranjangaon
plant (near Pune) spread over 25,000 sq. mts. to expand
production capabilities for rotary tillers, power harrows,
precision planters, cereal seed drills, combination cultiva-
tor-drills, mulchers, sprayers and minimum tillage equip-
ment in India.
NCDEX
NCDEX INDICES
Index Value % Change
Barley 1210 -0.70
Castor Seed 3545 -1.12
Chana 2987 +0.37
Chilli 5840 +0.72
Coriander 6425 -0.60
Cotton Seed Oilcake 1504 +0.07
Jeera 12762.5 -0.58
Mustard seed 3538 -0.03
Ref Soya Oil 697.4 +0.45
Turmeric 4788 -1.40
DAILY REPORT
10th
OCTOBER. 2013
YOUR MINTVISORY Call us at +91-731-6642300
EUR/INR
EUR/INR has closed @83.9750. If it breaks the level of
83.85, it can touch the level of 83.60 & 83.02. If it sustains
above the level of 85.00, it can touch the level of 85.35 &
85.62.
GBP/INR
GBP/INR has closed @99.2225. If it breaks the level of
98.95, it can touch the level of 98.78 & 98.40. If it sustains
above the level of 100.95 it can touch the level of 101.45 &
101.85.
CURRENCY ROUNDUP
The dollar was rising on markets' relief over the prospect
of Yellen's appointment although her dovish stance would
not normally have supported the U.S. currency. U.S. stock-
index futures also rose.
The Indian rupee, shares, and benchmark bonds gained on
Wednesday after data showed the September trade deficit
narrowed sharply from August, reducing concerns about
the country's current account balance. The rupee strength-
ened to 61.9650 per dollar at 0625 GMT from around
62.10 before the data, while the benchmark 10-year bond
yield initially fell around 4 basis points but then recovered
to trade at 8.44 %, still down from its 8.50 % close on Tues-
day. It rose 1.7 % last week, the best performance among
the 11 Asian currencies. 1-month volatility fell 81 basis
points to 14.19 %. The 10Y yield climbed one basis point to
8.63 %. 1-month forwards fell 0.2 % to 62.20. Offshore non
- deliverable contracts declined 0.5 % to 62.35.
The better-than-expected trade data boosts sentiment for
the local currency. Country's trade deficit narrowed to a
two-and-a-half-year low in September as merchandise ex-
ports posted a third straight month of annual growth, pro-
visional government data showed on Wednesday,
strengthening the outlook for the rupee. The Indian rupee
fell on Wednesday, after the International Monetary Fund
sharply cut its economic growth forecast for the country
and as the dollar rallied following the naming of Janet
Yellen as the next head of the U.S. Federal Reserve. The
dollar's strength versus majors kept the rupee's gains un-
der control but good trade data definitely helped pull it off
the session lows.
The index of the dollar against six major currencies was up
0.4 %. The rupee weakened after the International Mone-
tary Fund cut India's growth forecast for the current year
to 3.8 % from 5.6 % in its July survey. In the offshore non-
deliverable forwards, the one-month contract was at 62.48
while the three-month was at 63.44.
CURRENCY
RBI Reference Rate
Currency Rate Currency Rate
Rupee- $ 61.9170 Yen-100 63.5400
Euro 83.9247 GBP 99.4511
DAILY REPORT
10th
OCTOBER. 2013
YOUR MINTVISORY Call us at +91-731-6642300
CALL REPORT
Disclaimer
US ECONOMIC REPORT
PERFORMANCE UPDATES
Date
Commodity/ Currency
Pairs
Contract Strategy Entry Level Target Stop Loss Remark
09/10/13 MCX GOLD OCT. BUY 29750 29850-29950 29620 NOT EXECUTED
09/10/13 MCX GOLD DEC. SELL 29540 29400-29340 29660 BOOKED FULL PROFIT
09/10/13 NCDEX CASTOR SEED OCT. SELL 3500 3470-3440 3550 NOT EXECUTED
09/10/13 NCDEX CASTOR SEED OCT. BUY 3600 3630-3660 3560 SL TRIGGERED
09/10/13 NCDEX DHANIYA OCT. BUY 6485 6515-6545 6445 BOOKED FULL PROFIT
09/10/13 NCDEX DHANIYA OCT. SELL 6400 6370-6340 6440 NOT EXECUTED
09/10/13 JPY/INR OCT. SELL 63.50 63.36-63.00 NOT EXECUTED
09/10/13 EUR/INR OCT. SELL 83.80 83.60-83.21 NOT EXECUTED
09/10/13 JPY/INR OCT. BUY 64.40 84.95-85.23 NOT EXECUTED
09/10/13 EUR/INR OCT. BUY 84.70 64.67-65.03 BOOKED PROFIT
Date Scrip
CASH/
FUTURE/
OPTION
Strategy Entry Level Target Stop Loss Remark
09/10/13 NIFTY FUTURE SELL 5980-6000 5955-5925 6030 SL TRIGERRED
09/10/13 PUNJ LLOYD FUTURE BUY 27.50-28.00 29-30 26.50 BOOKED PROFIT
09/10/13 AXIS BANK FUTURE SELL 1080-1070 1050-1025 1100 CALL OPEN
09/10/13 HINDUJA GLOBAL CASH BUY 378 394-425 363 BOOKED FULL PROFIT
08/10/13 TECHM FUTURE BUY 1450-1460 1475-1490 1420 BOOKED FULL PROFIT
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
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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.
TIME (ET) REPORT PERIOD ACTUAL CONSENSUS FORECAST PREVIOUS
THURSDAY, OCT. 10
8:30 am Weekly jobless claims 10/5 N/A 308,000
8:30 am Import price index* Sept. 0.2% 0.0%
FRIDAY, OCT. 11
8:30 am Retail sales* Sept. 0.2% 0.2%
8:30 am Retail sales ex-autos* Sept. 0.4% 0.1%
8:30 am Producer price index* Sept 0.2% 0.3%
8:30 am Core PPI* Sept. 0.1% 0.0%
9:55 am UMich consumer sentiment index Oct. 78.2 77.5
10 am Business inventories* Aug. 0.3% 0.4%

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Special report by epic reseach 10 october 2013

  • 1. DAILY REPORT 10th OCTOBER. 2013 YOUR MINTVISORY Call us at +91-731-6642300 Global markets at a glance Rising anxiety over the budget deadlock in Washington drove world shares down for a third day on Wednesday, Brit- ain's top share index fell on Wednesday for a third day run- ning as the lack of progress on efforts to resolve a US budget stalemate took its toll on investor sentiment. The FTSE 100 was down 28.39 points, or 0.5%, at 6,337.44 points by 0741 GMT, taking its decline this week to 1.8% . Hong Kong shares slipped on Wednesday. The Hang Seng Index ended down 0.6% at 23,034 points, while the China Enterprises Index of the top Chinese listings in Hong Kong slipped 0.3%. Both have been in a tight trading range for al- most two weeks. Wall Street Update Wall Street rebounded in the afternoon after the Nasdaq fell as much as 1%. The Dow Jones industrial average .DJI ended up 26.45 points, or 0.18 percent, at 14,802.98. The Standard & Poor's 500 Index. SPX rose 0.95 point, or 0.06 percent, at 1,656.40. The Nasdaq Composite Index. Previous day Roundup The market ended at a 2.5 week high as September. The BSE Sensex rose more than 1% on Wednesday, marking its highest close in nearly 2-1/2 weeks as the September trade deficit narrowed sharply, raising hopes for a significant im- provement in the country's current account balance. The Sensex provisionally rose 1.33%, marking its highest close since September 20. The Nifty also ended up 1.33%. About 1396 shares have advanced, 1014 shares declined, and 172 shares are unchanged. The NSE bank index turned positive, up 0.5 % after earlier falling as much as 1.9 per cent earlier in the day after Sep- tember trade deficit came in better than expected at $6.7 billion . Index stats Bank Nifty & Bankex both advanced 1.91% & 1.88% respec- tively, the sectors which were in positive move with Nifty in yesterday’s session were; Capital Goods [up 150.41pts], AUTO [up 63.28pts], Healthcare [up 181.93pts], FMCG [up 28.55pts]. Power [up 24.36pts] IT [up pts], Oil & Gas [up 117.64pts], TECK [up 60.99pts], PSU [up 45.21pts], Metals [up 68.40pts], REALTY [up 53.85pts] traded upward except Consumer Durables [down 21.30pts]. World Indices Index Value % Change D J l 14,802.98 +0.18 S&P 500 1,656.40 +0.06 NASDAQ 3,677.78 -0.46 EURO STO 2,904.73 +0.05 FTSE 100 6,337.91 -0.44 Nikkei 225 14,150.98 +0.81 Hong Kong 23,020.95 -0.06 Top Gainers Company CMP Change % Chg DLF 147.10 8.30 +5.98 SUNPHARMA 649.35 35.20 +5.73 JPASSOCIAT 39.60 +1.65 +4.35 KOTAK BANK 722.80 +27.95 +4.02 IDFC 97.15 +3.30 +3.52 Top Losers Company CMP Change % Chg WIPRO 476.00 7.45 -1.54 M&M 850.95 12.20 -1.41 CAIRN 322.65 2.20 -0.68 BPCL 339.65 2.05 -0.60 MARUTI 1,339.80 6.80 -0.48 Stocks at 52 Week’s high Symbol Prev. Close Change %Chg DENSO 140.45 1.15 +0.83 IDEA 181.95 0.50 -0.27 LUPIN 918.70 28.50 +3.20 SUNPHARMA 649.35 35.20 +5.73 TECHM 1,483.85 41.50 +2.88 Indian Indices Company CMP Change % Chg NIFTY 6,007.45 +79.05 +1.33 SENSEX 20,249.26 +265.65 +1.33 Stocks at 52 Week’s Low Symbol Prev. Close Change %Chg JSL 36.95 0.25 +0.68 KIRLOSBROS 135.00 9.95 -6.86
  • 2. DAILY REPORT 10th OCTOBER. 2013 YOUR MINTVISORY Call us at +91-731-6642300 STOCK RECOMMENDATIONS [FUTURE] 1. RCOM RCOM FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it continues to sus- tain above 155. We advise buying around 154-155 levels with strict stop loss of 152 for the targets of 157-159 levels. 2. ICICI BANK ICICI BANK FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it continues to sustain above 960. We advise buying around 950-960 levels with strict stop loss of 920 for the targets of 980-990 levels. STOCK RECOMMENDATION [CASH] 1. REPRO INDIA LTD REPRO INDIA LTD is looking strong on charts . We advise buying above 148 with strict stop loss of 141 for the tar- gets of 152-158 levels. MACRO NEWS Bharti & Walmart have scrapped the joint venture deal. Both the companies will now independently own & op- erate separate business formats in India. They decided to discontinue franchisee pact in retail and Walmart will acquire Bharti's stake in Bharti-Walmart. India’s trade deficit for the month of September fell to USD 6.76 billion from USD 17.15 billion a year ago. While exports are up 11.15 % to USD 27.68 billion in September, imports have dipped 18.1 % to USD 34.44 billion. Gold and silver imports slid to USD 0.8 billion for the period in focus from USD 4.6 billion in September 2012. INFOSYS is going to report its second quarter earnings this Friday. Mukesh Ambani-owned Reliance Jio calls TRAI's plan to impose 3% spectrum usage fee (SUC). Factory Output Data will be announced on Friday. Business confidence of India Inc for October-December quarter dropped to the lowest level in four-and-a-half years amid economic uncertainty in the global and do- mestic markets, EQUITY CASH & FUTURE
  • 3. DAILY REPORT 10th OCTOBER. 2013 YOUR MINTVISORY Call us at +91-731-6642300 FUTURE & OPTION MOST ACTIVE PUT OPTION Symbol Option Type Strike Price LTP Traded Volume (Contracts) Open Interest NIFTY PE 5,800 61.10 2,32,981 48,38,700 NIFTY PE 5,700 42.45 2,28,790 60,08,000 NIFTY PE 5,900 85.15 1,65,532 34,27,900 BANK NIFTY PE 9,500 123.05 20,348 5,45,350 SBIN PE 1,600 58.20 4,536 2,24,750 SBIN PE 1,500 26.00 3,077 2,24,375 INFY PE 2,600 36.00 6,367 8,05,125 INFY PE 2,500 22.60 5,763 7,00,375 MOST ACTIVE CALL OPTION Symbol Option Type Strike Price LTP Traded Volume (Contracts) Open Interest NIFTY CE 6,100 120.15 2,81,332 5,60,350 NIFTY CE 6,200 76.80 2,41,583 35,26,700 NIFTY CE 6,000 173.75 1,83,342 1,90,450 BANKNIFTY CE 11,000 172.00 20,268 2,70,600 INFY CE 3,500 52.70 7,684 6,02,500 INFY CE 3,600 33.00 6,983 4,37,625 DLF CE 150 9.00 4,061 15,86,000 SBIN CE 1,700 42.50 5,615 4,10,750 SBIN CE 1,600 86.50 3,518 88,375 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 86381 2519.57 67873 2013.47 395834 11710.65 506.11 INDEX OPTIONS 456128 13302.40 474992 13842.08 1882856 56299.05 -539.68 STOCK FUTURES 66672 1794.92 82305 2246.44 947653 26862.61 -451.52 STOCK OPTIONS 36329 1009.14 37065 1027.31 73724 2140.54 -18.16 TOTAL -503.26 INDICES S2 S1 PIVOT R1 R2 NIFTY 5828.28 5917.86 5966.68 6056.26 6105.08 NIFTYJUNIOR 11446.6 11585.45 11664.45 11803.3 11882.3 BANK NIFTY 9801.08 10068.01 10214.18 10481.11 10627.28 STOCKS IN NEWS Jubilant Pharma will open API subsidiary in Singapore. Bayer CropScience may buy under 26% stake in Kaveri Seeds. Power Finance Corp has extended the bidding dead- line for its $150 mln six-year term loan to October 17. PNB, OBC cut interest rate on car, consumer goods loans. Rashtriya Ispat Nigam's sales revenue rose by 34 per cent to Rs 1,222 crore in September. DLF sells non-core assets worth $24 mn to pare debt NIFTY FUTURE Nifty Future closed in the green in the last trading session. We advise buying on dips around 5980-6000 with strict stop loss of 5950 for the targets of 6075-6095 levels.
  • 4. DAILY REPORT 10th OCTOBER. 2013 YOUR MINTVISORY Call us at +91-731-6642300 RECOMMENDATIONS SILVER TRADING STRATEGY: BUY SILVER ABOVE 49550 TGTS 49850/50150 SL 49150 SELL SILVER BELOW 48800TGTS 48500/48200 SL 49200 GOLD TRADING STRATEGY: BUY GOLD ABOVE 29450 TGTS 29550/29650 SL 29330 SELL GOLD BELOW 29050 TGTS 28950/ 28850 SL 29180 COMMODITY ROUNDUP India crude oil futures was seen trading slightly down on Wednesday amid weak global cues. Partial shutdown of the US Govt. was seen pressuring the commodity movement in the global market to certain extent. EIA data is expected to impact the commodity prices negatively. MCX crude oil fu- tures for October delivery was seen trading down by 0.57% at Rs. 6416 per barrel as of 17.02 IST on Wednesday. WTI crude oil futures for November delivery on NYMEX was seen trading with a loss of 18 cents at $103.31 per barrel as of 17.17 IST on Wednesday. MCX copper futures for November delivery was seen trading down by 1.03% at Rs. 451.55 per kilogram as of 17.09 IST on Wednesday. Copper on LME for delivery in three months was seen trading down by 0.45% at $7193 per metric ton as of 14.05 IST on Wednesday. India's gold demand could rise as much as 15 % this quarter to 300 tonnes as pent-up demand following a good monsoon keeps the country on track for yearly demand estimated at 1,000 tonnes. Some market participants say the excess de- mand could be met by smuggled gold, which has risen sub- stantially after import curbs were imposed. futures prices yesterday fell by 0.55% to Rs 29,455 per 10 gram as specula- tors trimmed positions, tracking a weak global trend. At the MCX, gold prices for delivery in December was trading Rs 164, or 0.55% lower at Rs 29,455 per 10 grams in business turnover of 3,055 lots. On similar lines, metal prices for deliv- ery in far-month February, 2013 eased by Rs 119, or 0.40%, to Rs 29,311 per ten grams in 90 lots. At the MCX silver prices for delivery in December traded lower by Rs 169 or 0.34%, to Rs 49.783 per kg in business turnover of 723 lots. Similarly, the white metal prices for de- livery in March next year declined by Rs 143 or 0.28% to Rs 50.969 per kg in business volume of four lots. Export-oriented sectors such as IT services, pharmaceuticals and textiles will, in aggregate, report EBITDA margin expan- sion of nearly 100 bps, while EBITDA margins for other sec- tors are estimated to have declined by about 50 bps. COMMODITY MCX
  • 5. DAILY REPORT 10th OCTOBER. 2013 YOUR MINTVISORY Call us at +91-731-6642300 RECOMMENDATIONS CASTORSEED BUY CASTORSEED ABOVE 3600 TG 3630,3660 SL 3560 SELL CASTORSEED BELOW 3500 TG 3470, 3440 SL 3550S DHANIYA BUY DHANIYA ABOVE 6485 TG 6515,6545 SL 6445S SELL DHANIYA BELOW 6385 TG 6355,6325 SL 6425 NCDEX ROUNDUP Exports of soya meal have jumped 37% to touch an all time high of Rs 10,588.43 crore in marketing year 2012-13 (October-September), mainly on the back of rupee depre- ciation Exports of soya meal during the same period last year stood at Rs 7,745.36 crore, according to the data available with Soybean Processors Association (SOPA). Maschio Gaspardo India Pvt Ltd, subsidiary fo Italy based international group specialising in agricultural machinery and equipments, has completed one year of operations in India and announced Rs 300 cr investment till 2017 for en- hancement of manufacturing capacity. Maschio Gaspardo Group plans to invest Rs. 300 crore in the Ranjangaon plant (near Pune) spread over 25,000 sq. mts. to expand production capabilities for rotary tillers, power harrows, precision planters, cereal seed drills, combination cultiva- tor-drills, mulchers, sprayers and minimum tillage equip- ment in India. NCDEX NCDEX INDICES Index Value % Change Barley 1210 -0.70 Castor Seed 3545 -1.12 Chana 2987 +0.37 Chilli 5840 +0.72 Coriander 6425 -0.60 Cotton Seed Oilcake 1504 +0.07 Jeera 12762.5 -0.58 Mustard seed 3538 -0.03 Ref Soya Oil 697.4 +0.45 Turmeric 4788 -1.40
  • 6. DAILY REPORT 10th OCTOBER. 2013 YOUR MINTVISORY Call us at +91-731-6642300 EUR/INR EUR/INR has closed @83.9750. If it breaks the level of 83.85, it can touch the level of 83.60 & 83.02. If it sustains above the level of 85.00, it can touch the level of 85.35 & 85.62. GBP/INR GBP/INR has closed @99.2225. If it breaks the level of 98.95, it can touch the level of 98.78 & 98.40. If it sustains above the level of 100.95 it can touch the level of 101.45 & 101.85. CURRENCY ROUNDUP The dollar was rising on markets' relief over the prospect of Yellen's appointment although her dovish stance would not normally have supported the U.S. currency. U.S. stock- index futures also rose. The Indian rupee, shares, and benchmark bonds gained on Wednesday after data showed the September trade deficit narrowed sharply from August, reducing concerns about the country's current account balance. The rupee strength- ened to 61.9650 per dollar at 0625 GMT from around 62.10 before the data, while the benchmark 10-year bond yield initially fell around 4 basis points but then recovered to trade at 8.44 %, still down from its 8.50 % close on Tues- day. It rose 1.7 % last week, the best performance among the 11 Asian currencies. 1-month volatility fell 81 basis points to 14.19 %. The 10Y yield climbed one basis point to 8.63 %. 1-month forwards fell 0.2 % to 62.20. Offshore non - deliverable contracts declined 0.5 % to 62.35. The better-than-expected trade data boosts sentiment for the local currency. Country's trade deficit narrowed to a two-and-a-half-year low in September as merchandise ex- ports posted a third straight month of annual growth, pro- visional government data showed on Wednesday, strengthening the outlook for the rupee. The Indian rupee fell on Wednesday, after the International Monetary Fund sharply cut its economic growth forecast for the country and as the dollar rallied following the naming of Janet Yellen as the next head of the U.S. Federal Reserve. The dollar's strength versus majors kept the rupee's gains un- der control but good trade data definitely helped pull it off the session lows. The index of the dollar against six major currencies was up 0.4 %. The rupee weakened after the International Mone- tary Fund cut India's growth forecast for the current year to 3.8 % from 5.6 % in its July survey. In the offshore non- deliverable forwards, the one-month contract was at 62.48 while the three-month was at 63.44. CURRENCY RBI Reference Rate Currency Rate Currency Rate Rupee- $ 61.9170 Yen-100 63.5400 Euro 83.9247 GBP 99.4511
  • 7. DAILY REPORT 10th OCTOBER. 2013 YOUR MINTVISORY Call us at +91-731-6642300 CALL REPORT Disclaimer US ECONOMIC REPORT PERFORMANCE UPDATES Date Commodity/ Currency Pairs Contract Strategy Entry Level Target Stop Loss Remark 09/10/13 MCX GOLD OCT. BUY 29750 29850-29950 29620 NOT EXECUTED 09/10/13 MCX GOLD DEC. SELL 29540 29400-29340 29660 BOOKED FULL PROFIT 09/10/13 NCDEX CASTOR SEED OCT. SELL 3500 3470-3440 3550 NOT EXECUTED 09/10/13 NCDEX CASTOR SEED OCT. BUY 3600 3630-3660 3560 SL TRIGGERED 09/10/13 NCDEX DHANIYA OCT. BUY 6485 6515-6545 6445 BOOKED FULL PROFIT 09/10/13 NCDEX DHANIYA OCT. SELL 6400 6370-6340 6440 NOT EXECUTED 09/10/13 JPY/INR OCT. SELL 63.50 63.36-63.00 NOT EXECUTED 09/10/13 EUR/INR OCT. SELL 83.80 83.60-83.21 NOT EXECUTED 09/10/13 JPY/INR OCT. BUY 64.40 84.95-85.23 NOT EXECUTED 09/10/13 EUR/INR OCT. BUY 84.70 64.67-65.03 BOOKED PROFIT Date Scrip CASH/ FUTURE/ OPTION Strategy Entry Level Target Stop Loss Remark 09/10/13 NIFTY FUTURE SELL 5980-6000 5955-5925 6030 SL TRIGERRED 09/10/13 PUNJ LLOYD FUTURE BUY 27.50-28.00 29-30 26.50 BOOKED PROFIT 09/10/13 AXIS BANK FUTURE SELL 1080-1070 1050-1025 1100 CALL OPEN 09/10/13 HINDUJA GLOBAL CASH BUY 378 394-425 363 BOOKED FULL PROFIT 08/10/13 TECHM FUTURE BUY 1450-1460 1475-1490 1420 BOOKED FULL PROFIT 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. TIME (ET) REPORT PERIOD ACTUAL CONSENSUS FORECAST PREVIOUS THURSDAY, OCT. 10 8:30 am Weekly jobless claims 10/5 N/A 308,000 8:30 am Import price index* Sept. 0.2% 0.0% FRIDAY, OCT. 11 8:30 am Retail sales* Sept. 0.2% 0.2% 8:30 am Retail sales ex-autos* Sept. 0.4% 0.1% 8:30 am Producer price index* Sept 0.2% 0.3% 8:30 am Core PPI* Sept. 0.1% 0.0% 9:55 am UMich consumer sentiment index Oct. 78.2 77.5 10 am Business inventories* Aug. 0.3% 0.4%