DAILY REPORT
28th OCTOBER. 2013

Global markets at a glance
World equity indexes were near five-year highs on Friday
as ma...
DAILY REPORT
28th OCTOBER. 2013

EQUITY CASH & FUTURE

STOCK RECOMMENDATIONS [FUTURE]
1. R COM

STOCK RECOMMENDATION [CASH...
DAILY REPORT
FUTURE & OPTION

28th OCTOBER. 2013

MOST ACTIVE PUT OPTION
Symbol

Option
Type

Strike
Price

LTP

Traded
Vo...
DAILY REPORT
28th OCTOBER. 2013

COMMODITY MCX

RECOMMENDATIONS
SILVER

COMMODITY ROUNDUP
Upbeat US equity markets provide...
DAILY REPORT
28th OCTOBER. 2013

NCDEX

RECOMMENDATIONS

NCDEX INDICES
Index

Value

% Change

Barley

1313

+0.42

Castor...
DAILY REPORT
28th OCTOBER. 2013

CURRENCY

RBI Reference Rate
Currency

Rate Currency

Rate

Rupee- $

61.6250 Yen-100

63...
DAILY REPORT
28th OCTOBER. 2013

CALL REPORT
PERFORMANCE UPDATES

Date

Contract

Strategy

Entry Level

Target

Stop Loss...
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Special report by epic research 28 october 2013

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Transcript of "Special report by epic research 28 october 2013"

  1. 1. DAILY REPORT 28th OCTOBER. 2013 Global markets at a glance World equity indexes were near five-year highs on Friday as major U.S. technology companies propelled Wall Street to another day of gains, sending the S&P 500 index to close at a record. The Dow Jones industrial average was up 61.07 points, or 0.39 percent, at 15,570.28. The Standard & Poor's 500 Index ended up 7.7 points, or 0.44 percent, at 1,759.77, and hit an intraday record high of 1,759.82 late in the session. The Nasdaq Composite Index was up 14.40 points, or 0.37 percent, at 3,943.36. European equities ended slightly lower on Friday, with Telecom Italia leading the telecoms sector down on concerns of a capital hike by the Italian company and Volvo hurting industrials after reporting a sharp drop in profits. The pan-European FTSEurofirst 300 index closed 0.15 percent lower at 1,284.76 points World Indices Wall Street Update US stocks rose Friday, The S&P 500 ended at another record high on Friday, boosted by gains in technology shares after strong results from Microsoft and Amazon.com. and also by the expectations of continued loose monetary policy when the Federal Reserve meets next week. Previous day Roundup Indian shares fell on Friday as blue chips were hit by profittaking. Benchmark indices continued to struggle for direction. The sluggish trend in global markets too added to the cautious mood. The Sensex closed at 20683.52, down 41.91 points over its previous close while the Nifty fell 19.45 points to 6144.90. Index stats Bank Nifty & Bankex both declined 0.05% & 0.12% respectively, IT [up 128.18pts] & TECK [up 46.27pts] were the only sectors which were in positive move in yesterday’s session rest all sectors went down; Consumer Durables [down 145.53pts], Capital Goods [down 145.53pts], AUTO [down 141.45pts], Oil & Gas [down 42.83pts], Healthcare [down 77.38pts], FMCG [down 64.10pts], Power [down 7.62pts] PSU [down 30.37pts], Metals [down 110.86pts], REALTY [down 30.78pts]. Index Value % Change 15,570.28 +0.39 S&P 500 1,759.77 +0.44 NASDAQ EURO STO FTSE 100 3,943.36 3,034.50 6,721.34 +0.37 -0.15 +0.12 Nikkei 225 Hong Kong 14,088.19 22,698.34 -2.75 -0.60 DJl Top Gainers Company CMP Change % Chg TCS 2,065.00 56.30 +2.80 HCLTECH 1,080.80 26.15 +2.48 WIPRO 482.00 11.15 +2.37 NTPC 145.50 2.20 +1.54 SSLT 201.45 2.65 +1.33 CMP Change % Chg 108.90 151.60 134.80 313.25 321.85 5.65 7.70 5.15 11.45 10.30 -4.93 -4.83 -3.68 -3.53 -3.10 Symbol Prev. Close Change %Chg APLLTD 179.35 0.05 +0.03 DABUR 182.50 5.85 +3.31 DENSO 142.30 0.25 +0.18 GALLISPAT 344.90 16.40 +4.99 1,017.00 41.65 -3.93 Prev. Close Change %Chg 87.50 48.60 0.10 2.40 +0.11 -4.94 CMP Change % Chg 6,144.90 20,683.62 -19.45 -41.91 -0.32 -0.20 Top Losers Company HINDALCO DLF NMDC CAIRN TATASTEEL Stocks at 52 Week’s high JUSTDIAL Stocks at 52 Week’s Low Symbol COX&KINGS ERAINFRA Indian Indices Company NIFTY SENSEX YOUR MINTVISORY Call us at +91-731-6642300
  2. 2. DAILY REPORT 28th OCTOBER. 2013 EQUITY CASH & FUTURE STOCK RECOMMENDATIONS [FUTURE] 1. R COM STOCK RECOMMENDATION [CASH] 1. SHAKTI PUMPS RCOM FUTURE is looking weak on charts, short build up has been seen, we may see more downside, if it continues to sustain below 145. We advise selling below 145 levels with strict stop loss of 148 for the targets of 142 -140 levels. SHAKTI PUMPS is looking strong on charts . We advise buying above 61 with strict stop loss of 58 for the targets of 6468 levels. 2. HINDALCO HINDALCO FUTURE is looking weak on charts, short build up has been seen, we may see more downside, if it continues to sustain below 109. We advise selling below 109 levels with strict stop loss of 111 for the targets of 107 -105 levels. YOUR MINTVISORY MACRO NEWS  ICICI Bank beats estimates with Q2(July-Sept) net profit rising 20.2% YoY to Rs 2,352cr. on higher NII and fee income while asset quality also improved.  ITC reported higher-than-expected 21.5% growth in its net profit of Rs 2,230 cr. in three months period.  TVS Motor impressed with Q2net profit rising 97% higher-than-expected on YoY basis to Rs 89cr. on exceptional gain and strong sales. Total income rose YoY to Rs 1,988 cr. in three months period.  Essar Oil blamed the massive fall in the benchmark margins for the Rs 71 cr. net loss in the Sep. quarter. The company had posted a net profit of Rs 105 crore in the same period a year ago. Higher diesel exports due to tepid domestic demand crimped its margins.  The RBI will likely raise its lending rate further on Tuesday, cementing its inflation-fighting credentials  Deutsche Bank raises Sensex target to 22,000.  JSW Energy quarterly profit slides to Rs 162 crore .  Adani Ports Q2 net up 24% at Rs 342 cr.& Adani Power reports widened Q2 net loss of Rs 1,072 cr.  Results Today: Maruti Suzuki, Ajanta Pharma, Bharti Infratel, Blue Star, Dabur India, Syndicate bank, Hikal, Jindal Stainles, VIP Industries, Sundaram Fin, SRF. Call us at +91-731-6642300
  3. 3. DAILY REPORT FUTURE & OPTION 28th OCTOBER. 2013 MOST ACTIVE PUT OPTION Symbol Option Type Strike Price LTP Traded Volume (Contracts) Open Interest NIFTY PE 6,100 36.15 6,24,557 56,08,300 NIFTY PE 6,000 13.75 3,28,964 64,13,600 NIFTY PE 6,200 84.00 3,28,721 26,16,300 BANK NIFTY PE 10,500 45.00 15,479 2,13,775 SBIN PE 1,700 23.15 5,338 2,05,250 ICICBANK PE 1,000 9.70 9,608 3,58,000 RELIANCE PE 880 7.85 2,649 3,89,000 ITC PE 340 7.20 2,049 10,38,000 Strike Price LTP Traded Volume (Contracts) STOCKS IN NEWS  SKS Promoter entity plans to move Company Law Board against SKS Microfinance.  Federal Bank gets FIPB nod to raise foreign shareholding.  Indian Overseas Bank receives Rs 1,200 crore from government for capital requirement.  Assam government okays ONGC's Rs 7,800-crore investment plan.  Apollo Hospitals' Prathap Reddy to raise Rs 550 crore from KKR Open Interest NIFTY FUTURE MOST ACTIVE CALL OPTION Symbol Option Type NIFTY CE 6,200 28.50 6,39,822 57,20,600 NIFTY CE 6,300 7.65 4,15,273 60,05,100 NIFTY CE 6,100 77.95 2,57,369 28,04,350 BANKNIFTY CE 11,000 130.00 33,735 3,33,300 SBIN CE 1,750 19.10 6,734 3,57,250 ICICIBANK CE 1,060 7.40 6,593 3,67,500 RELIANCE CE 900 5.85 4,833 11,58,750 ITC CE 350 1.55 3,448 15,34,000 INFY CE 3,400 15.85 3,376 9,23,000 Nifty Future closed in the red in the last trading session. We advise selling around 6200-6230 with strict stop loss of 6250 for the targets of 6170-6140 levels. FII DERIVATIVES STATISTICS BUY SELL OPEN INTEREST AT THE END OF THE DAY No. of Amount in No. of Amount in No. of Contracts Crores Contracts Crores Contracts Amount in Crores NET AMOUNT INDEX FUTURES 74580 2284.25 83089 2539.12 537794 16356.54 -254.87 INDEX OPTIONS 599460 18199.67 614942 18704.70 2121559 64870.50 -505.02 STOCK FUTURES 106833 2982.61 117454 3242.59 1020262 28931.49 -259.98 STOCK OPTIONS 42400 1203.11 44341 1263.98 107310 3221.49 -60.87 TOTAL -1080.75 INDICES NIFTY S2 S1 PIVOT R1 R2 6099.73 6122.31 6148.53 6171.11 6197.33 NIFTYJUNIOR 11854.58 11905.51 11985.83 12036.76 12117.08 BANK NIFTY 10727.8 10812.14 10881.95 10966.29 11036.09 YOUR MINTVISORY Call us at +91-731-6642300
  4. 4. DAILY REPORT 28th OCTOBER. 2013 COMMODITY MCX RECOMMENDATIONS SILVER COMMODITY ROUNDUP Upbeat US equity markets provide the much needed bounce for WTI crude Oil from lows of $95.95 per barrel for December delivery which helped push pries to $97.85 on settlement on Friday helped by some bargain hunting Brent for December settlement declined 6 cents to $106.93 a barrel on the London-based ICE Futures Europe exchange. The European benchmark’s premium to WTI narrowed to $9.08 from yesterday’s $9.88. The spread was $11.67 on Oct. 22, the widest since April. In electronic trading Brent Crude rose marginally to $107.16. Gold inched up slightly on Friday as disappointing US economic data reinforced expectations that the US Federal Reserve will keep its stimulus intact well into 2014. Spot gold was up USD 4.62, or 0.34%, at USD 1,351.16 an ounce by TRADING STRATEGY: BUY SILVER ABOVE 50280 TGTS 50480/50780 SL 49980 SELL SILVER BELOW 49100 TGTS 48900/48700 SL 493 2:38 p.m. EDT (1838 GMT), hovering below its highest level since September 20 of USD 1,351.61. Also read. Bullion was headed for a 1.7% gain on the week, having hit four-week GOLD highs on Thursday as it benefited from weaker-thanexpected US non-farm payrolls data earlier in the week. The jobs data bolstered expectations. US gold futures for December delivery closed up USD 2.20, or 0.2 percent, at USD 1,352.40. Silver imports into India have risen substantially y/y since March and remained strong into July. The ban on imports of gold coins remains in place. Given the good monsoon season, rural demand for gold is expected to grow this year, with jewellery sales expected to be up 10-15% . Silver continues to be a worst performer among precious metals in 2013 after having fallen sharply by 31% in Q2 but partly offset by 11% gains in Q3, 2013. Silver has benefitted from the rise in gold pricees and mixed trend in industrial metals. TRADING STRATEGY: Total budget for non-ferrous metals exploration fell 29% BUY GOLD ABOVE 30860 TGTS 30940/31040 SL 30750 from $21.5 bn in 2012 to $15.2 bn in 2013. SELL GOLD BELOW 30580 TGTS 30500/ 30400 SL 30720 YOUR MINTVISORY Call us at +91-731-6642300
  5. 5. DAILY REPORT 28th OCTOBER. 2013 NCDEX RECOMMENDATIONS NCDEX INDICES Index Value % Change Barley 1313 +0.42 Castor Seed 3594 -0.31 Chana 3059 0.00 Chilli 6358 -2.90 Coriander 6675 -0.42 Cotton Seed Oilcake 1544 +1.78 12500 -0.89 Mustard seed 3710 +0.38 Ref Soya Oil 726.5 +0.26 Turmeric CASTORSEED 4830 -0.49 Jeera SELL CASTORSEED BELOW 3565 TGT 3535/3495 SL 3605 BUY CASTERSEED ABOVE 3645 TGT 3675/3715 SL 3605 DHANIYA NCDEX ROUNDUP Refined soya oil prices extended gains for the third day by rising 0.70% to Rs 729.70 per 10 kg in futures trade yesterday as speculators enlarged their positions, supported by rising demand in the spot market. At the NCDEX refined soya for delivery in November added Rs 5.10, or 0.70%, to Rs 729.70 per 10 kg with an open interest of 84,230 lots. In a similar fashion, the oil for delivery in December moved up by Rs 4.15, or 0.58%, to Rs 721.90 per quintal in 98,640 lots. Maintaining wining streak for the fourth straight session, chana prices added 0.42% to Rs 3,072 per quintal in futures trade on Friday as speculators enlarged their positions. At the NCDEX, chana for delivery in Nov added Rs 13, or 0.42%, to Rs 3,072 per quintal with an open interest of 99,180 lots. Similarly, the commodity for delivery in Dec traded higher by Rs 12, or 0.38%, to Rs 3,132 per quintal in 54,050 lots. The next chickpea harvest would be near the record levels of 8.8 million tonnes produced in the crop year to June 2013. Farmers have started sowing chana at some places in Karnataka, Andhra Pradesh and Madhya Pradesh. There are some concerns over a shift in acreage to wheat in Madhya Pradesh, but in other states the area under cultivation is likely to be higher than in the previous year. BUY DHANIYA ABOVE 6705 TGT 6735/6775 SL 6665 SELL DHANIYA BELOW 6550 TGT 6520/6480 SL 6590 YOUR MINTVISORY The ministry of agriculture has proposed a steep hike in import duty for pulses in the range of 20-30%. The proposal is being discussed with the department of revenue. Currently, the import duty on pulses is zero. Call us at +91-731-6642300
  6. 6. DAILY REPORT 28th OCTOBER. 2013 CURRENCY RBI Reference Rate Currency Rate Currency Rate Rupee- $ 61.6250 Yen-100 63.4800 Euro 85.1350 GBP 99.9373 USD/INR CURRENCY ROUNDUP The dollar was slumped near a two-year low against the euro on Friday as clear expectations of continued U.S. bond purchase left it facing its sixth weekly fall in seven and world shares close to five-year highs. The Indian rupee ended flat on Friday, but extended losses for a second week, as caution set in ahead of an expected interest rate hike by the central bank at its policy review next week. The rupee closed at 61.46/47 per dollar, unchanged from its Thursday's close. It traded in a 61.35-61.79 band in the session. For the week, the currency ended down 0.3 percent. There was pressure on the rupee from dollar buying by custodian banks. In the offshore non-deliverable forwards, the one-month contract was at 61.97, while the three-month was at 62.95. USD/INR has closed @61.5600. If it sustains 61.68, it can touch the level of 61.83 & 61.94. If it breaks the level of 61.38 it can touch the level of 61.23 & 61.05. JPY/INR The rupee on Friday snapped its two-day gains against the dollar in late morning deals by losing 21 paise to 61.67 on fresh demand for the American currency from banks and importers. The Indian currency resumed lower at 61.50 per dollar as against the last closing level of 61.46 at the Interbank Foreign Exchange Market. It dropped further to 61.78 before quoting at 61.67 per dollar (1040 hours). The rupee moved in a range of 61.44 and 61.78 per dollar during the morning deals. In the currency futures market, the most-traded nearmonth dollar/rupee contracts on the National Stock Exchange, the MCX-SX and the United Stock Exchange all closed at around 61.51 with a total traded volume of $2.3 billion. In New York, the US dollar weakened to 2-year low against the euro, indicating the euro zone's economic recovery. JPY/INR has closed @63.2650. If it sustains above 63.40, it can touch the level of 63.55 & 63.70. If it breaks the level of 63.10 it can touch the level of 62.95 & 62.78. YOUR MINTVISORY Currencies of commodities-exporting countries including New Zealand and Australia slid as risk appetite ebbed and bets China’s central bank may tighten policy damped growth prospects. The yen gained for a second week versus the dollar. Call us at +91-731-6642300
  7. 7. DAILY REPORT 28th OCTOBER. 2013 CALL REPORT PERFORMANCE UPDATES Date Contract Strategy Entry Level Target Stop Loss Remark 25/10/13 MCX GOLD DEC. BUY 30720 30800-30900 30600 BOOKED PROFIT 25/10/13 MCX GOLD DEC. SELL 30500 30420-30320 30620 BOOKED PROFIT 25/10/13 MCX SILVER DEC. BUY 50280 50480-50780 49980 NOT EXECUTED 25/10/13 MCX SILVER DEC. SELL 49600 49400-49100 49900 BOOKED PROFIT 25/10/13 NCDEX CASTOR SEED NOV. SELL 3570 3540-3510 3615 SL TRIGGERED 25/10/13 NCDEX CASTOR SEED NOV. BUY 3655 3685-3715 3610 NOT EXECUTED 25/10/13 NCDEX DHANIYA NOV. BUY 6740 6770-6800 25/10/13 NCDEX DHANIYA NOV. SELL 6650 6620-6590 6695 6690 BOOKED PROFIT 25/10/13 USD/INR OCT. SELL 61.28 61.16-61.06 NOT EXECUTED 25/10/13 JPY/INR OCT. SELL 62.95 62.78-62.61 NOT EXECUTED 25/10/13 USD/INR OCT. BUY 61.80 61.95-62.20 SL TRIGGERED 25/10/13 JPY/INR OCT. BUY 63.54 63.72-63.95 BOOKED PROFIT Date Commodity/ Currency Scrip CASH/FUTURE/ OPTION Strategy Entry Level Target Stop Loss SL TRIGGERED Remark 25/10/13 NIFTY FUTURE SELL 6230-6250 6190-6150 6270 NOT EXECUTED 25/10/13 PETRONET FUTURE BUY 130 132-135 128 NOT EXECUTED 25/10/13 FEDERAL BANK FUTURE BUY 85 87-89 82 NOT EXECUTED 25/10/13 JUBLIANT LIFE CASH BUY 107 112-118 102 BOOKED PROFIT TIME (ET) REPORT 9:15 AM INDUSTRIAL PRODUCTION 9:15 AM CAPACITY UTILIZATION 8:30 AM 8:30 AM 8:30 AM 8:30 AM 9 AM 10 AM 10 AM PRODUCER PRICE INDEX CORE PPI RETAIL SALES RETAIL SALES EX-AUTOS CASE-SHILLER HOME PRICE INDEX CONSUMER CONFIDENCE INDEX BUSINESS INVENTORIES 8:15 AM 8:30 AM US ECONOMIC REPORT PERIOD ACTUAL MONDAY, OCT. 28 SEPT. CONSENSUSFORECAST 0.5% 0.4% 78.1% 77.8% 0.3% 0.1% -0.1% 0.4% -76.6 0.3% 0.3% 0.0% 0.2% 0.1% 12.6% Y-O-Y 79.7 ADP EMPLOYMENT SEPT. TUESDAY, OCT. 29 SEPT. SEPT. SEPT. SEPT. AUG. OCT. AUG. WEDNESDAY, OCT. 30 OCT. CONSUMER PRICE INDEX SEPT. 0.2% 0.1% 8:30 AM CORE CPI SEPT. THURSDAY, OCT. 31 0.1% 0.1% 8:30 am WEEKLY JOBLESS CLAIMS 9:45 am CHICAGO PMI 0.4% 165,000 10/26 PREVIOUS 166,000 N/A 55.0 Oct. FRIDAY, NOV. 01 Nonfarm payrolls report for Oct. will be released on Nov. 8 8:58 AM MARKIT PMI OCT. -- 10 AM ISM OCT. 55.1% TBA MOTOR VEHICLE SALES OCT. 15.6 MLN N/A 55.7 52.8 56.2% 15.2 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 YOUR MINTVISORY Call us at +91-731-6642300

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