Good Stuff Happens in 1:1 Meetings: Why you need them and how to do them well
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
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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%