Special report by epic reseach 27 august 2013


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Special report by epic reseach 27 august 2013

  1. 1. DAILY REPORT 27th AUG. 2013 YOUR MINTVISORY Call us at +91-731-6642300 Global markets at a glance Stocks in China advanced Monday, with the Shanghai Com- posite jumping 1.9% to 2096.47 as the market continued to be boosted by last week's approval of a free trade zone in Shanghai. Hong Kong's Hang Seng Index rose 0.7% to 22005.32, with shares reacting to earnings reports The Dow Jones industrial average declined 0.43 per cent, the S&P 500 also looses 0.40 per cent, and the Nasdaq Composite shown a little downside by 0.01 per cent. In Shanghai, Chinese shares jumped 1.90 per cent, or 39.01 points, to 2,096.47, boosted by gains in financial stocks and enthusiasm for plans approved last week to create a free-trade zone in the city. Hong Kong closed 0.65 per cent, or 141.81 points, higher at 22,005.32. Wall Street Update Chinese stocks led Asia higher, with Shanghai companies at the forefront, while the rest of Asia moved higher after weak housing data from the U.S. tempered expectations that the Federal Reserve will be quick to withdraw its bond -buying program. Previous day Roundup The market starts the weak on a volatile note. The Nifty faced resistance at 5,500 and closes flat at 5476.50, up 4.75 points. The Sensex manages to add 39 points, ending the session at 18,558. About 1288 shares have advanced, 977 shares declined, and 156 shares are unchanged. Index stats: BANKEX and Bank Nifty both declined yesterday by 1.04 & 1.02% respectively. The sectors resulted downside were Consumer Durables [down 2.81 pts], Oil & Gas [down 35.12 pts] , PSU [down 3.35pts]. Whereas the gainers are; Metals [up 81.87 pts], Capital Goods [up 90.17 pts], FMCG [up 26.89 pts], IT [up 72.15 pts], TECK [up 36.16 pts], Healthcare [up 96.94 pts], Power [up 21.85 pts]. World Indices Index Value % Change D J l 14,946.46 -0.43 S&P 500 1,656.78 -0.40 NASDAQ 3,657.57 -0.01 EURO STO 2,821.45 -0.16 FTSE 100 6,492.10 +0.70 Nikkei 225 13,595.68 -0.30 Hong Kong 21,941.24 -0.29 Top Gainers Company CMP Change % Chg SESA GOA 168.25 15.20 9.93 RANBAXY 401.35 16.85 4.38 JPASSOCIAT 35.50 1.65 4.87 BHEL 123.10 7.00 6.03 AMBUJACEM 164.95 5.40 3.38 Top Losers Company CMP Change % Chg IDFC 95.65 -9.10 -8.77 AXISBANK 931.00 -50.50 -5.15 ONGC 266.65 -10.05 -3.63 GAIL 295.00 -9.80 -3.22 Stocks at 52 Week’s high Symbol Prev. Close Change %Chg HCLTECH 944.95 -1.40 -0.15 TECHM 1,382.05 +15.85 +1.16 Top Losers Company CMP Change % Chg NIFTY 5,476.50 +4.75 +0.09 SENSEX 18,558.13 +38.69 +0.21 Stocks at 52 Week’s Low Symbol Prev. Close Change %Chg IDFC 94.65 -9.10 -8.77 PLETHICO 73.35 -3.85 -4.99 SOLARINDS 770.00 -46.95 -5.75
  2. 2. DAILY REPORT 27th AUG. 2013 YOUR MINTVISORY Call us at +91-731-6642300 STOCK RECOMMENDATIONS [FUTURE] 1. IDFC IDFC is looking weak on charts, short build up has been seen in it, we may see more downside in this stock, if it continues to sustain below 94 levels. We advise selling on rise around 95-97 with strict stop loss of 100 for TGT 93- 91. 2. SESA GOA SESA GOA is looking strong on charts, long build up has been seen in it, we may see more upside in this stock, if it continues to trade above 160. We advise buying on dips around 158-155 with strict stop loss of 152 for TGT of 162 -167. STOCK RECOMMENDATION [CASH] 1. KIRLOSKAR CUMMMINS LTD. Kirloskar Cummins ltd is looking strong on charts, we may see more upside in this stock, if it trade above 390 levels. We advise buying above 390 levels with strict stop loss of 381 for the targets of 398-405 levels. MACRO NEWS  Fitch ratings said it was getting more challenging for India to meet its fiscal deficit target in the current fis- cal year ending March 2014 with revenues slowing..  The current account deficit is likely to fall further to USD 70 billion, foresees PMEAC chairman C Rangara- jan. For year ended March, CAD deficit widened to USD 87.8 billion, or 4.8 percent of GDP, from USD 78.2 billion in 2011-2012, or 4.2 percent of GDP.  Banks borrowed Rs 559 billion ($8.8 billion) from the Reserve Bank of India's marginal standing facility (MSF) window on August 23 for three-days, lower than the Rs 582.85 billion on August 22.  The RBI had raised the MSF rate by 200 basis points to 10.25 per cent and also imposed restrictions on daily borrowings by banks under its repo window last month. EQUITY CASH & FUTURE
  3. 3. DAILY REPORT 27th AUG. 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 5,400 29.10 9,32,931 68,90,800 NIFTY PE 5,500 74.35 8,02,389 54,77,250 NIFTY PE 5,300 8.65 5,04,949 83,71,050 SBIN PE 1,500 9.75 4,073 5,64,500 SBIN PE 1,550 24.90 3,477 2,63,250 RELIANCE PE 820 12.00 2,031 1,86,500 DLF PE 130 2.50 2,279 12,01,000 MOST ACTIVE CALL OPTION Symbol Option Type Strike Price LTP Traded Volume (Contracts) Open Interest NIFTY CE 5,500 28.85 8.83,105 75,26,050 NIFTY CE 5,600 6.80 7,23,619 84,41,600 NIFTY CE 5,400 82.50 2,57,427 42,28,200 DLF CE 140 3.55 3,157 12,98,000 SBIN CE 1,650 5.00 3,687 4,52,750 MCDOWELL-N CE 2,300 16.90 3,067 1,66,000 RELIANCE CE 820 11.80 4,316 5,29,500 TATASTEEL CE 280 5.50 3,198 7,33,000 SBIN CE 1,550 33.00 2,859 2,68,500 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 170706 4576.63 206751 5540.40 669078 17767.36 -963.77 INDEX OPTIONS 986526 26723.89 1025251 27633.69 2316713 62911.63 -909.81 STOCK FUTURES 250278 6514.94 229324 5944.41 1129751 28589.95 570.54 STOCK OPTIONS 34920 875.71 35130 889.37 134257 3424.33 -13.66 TOTAL -1316.7 INDICES S2 S1 PIVOT R1 R2 NIFTY 5412.3 5444.4 5486.55 5518.65 5560.8 NIFTYJUNIOR 10565.01 10616.43 10675.11 10726.53 10785.21 STOCKS IN NEWS  State-run Goa Handicraft and Rural Small Scale Industries Development Corporation (GHRSSIDC) has signed an MoU with Coal India buy coal from its subsidiary.  Federal Bank seeks FIPB nod to raise foreign hold- ing limit.  Indian Oil will get cash payment for Q1 subsidy on September 17: Executive NIFTY FUTURE Nifty Future is facing strong resistance near 5525- 5550 levels. We advise selling on rise near the 5525- 5500 levels with strict stop loss of 5550 for the targets of 5450-5400 levels.
  4. 4. DAILY REPORT 27th AUG. 2013 YOUR MINTVISORY Call us at +91-731-6642300 SILVER TRADING STRATEGY: BUY SILVER ABOVE 54050 TGTS 54220 /54560 SL 53750. SELL SILVER BELOW 53500 TGTS 53330 /52930 SL 53900 GOLD TRADING STRATEGY: BUY GOLD ABOVE 32050 TGTS 32120/32220 SL 31950 SELL GOLD BELOW 31650 TGTS 31580/31480 SL 31750 COMMODITY ROUNDUP Gold prices in the global market edged down on concerns that whether US Central Bank roll back its monetary stimu- lus from next month or not. Gold futures on Comex was seen trading with sideways. Gold for December delivery on Globex platform of Comex was seen trading down by 0.08% at $1394.6 per troy ounce as of 02.53 PM IST on Monday. The US Federal Reserve may declare a careful initial step to cut its bond purchasing program at its meeting to be held next month, provided that there were no significant worrisome factors in the economy. MCX gold for October delivery was seen trading up by 0.11% at Rs. 31792 per 10 grams as of 03.14 PM IST on Monday. The prices touched their peak in August at 31950 last week. Weakness Indian Rupee (INR) against US Dollar (USD) was seen supporting the MCX gold prices to certain extent on Monday. For near term, MCX silver prices are likely to trade positive following strong buying sentiments in the international market. Support for silver futures is seen at 50000 while resistance is seen at 55000. MCX silver futures for Septem- ber delivery was seen trading up by 0.95% at Rs. 53980 per kilogram as of 04.00 PM IST on Monday. Comex silver futures was seen trading positive and is ex- pected to continue with the trend for the day. Silver fu- tures for September delivery on Globex platform of Comex was seen trading up by 1.20% at $24.02 per troy ounce as of 04.18 PM IST on Monday. MCX Copper futures for August delivery was seen trading up by 0.92% at Rs. 479.25 per kilogram as of 04.45 PM IST on Monday. Copper edged back up towards Thursday’s high at 3.3685. Above here we meet resistance from re- cent highs at 3.3767/3800. COMMODITY MCX
  5. 5. DAILY REPORT 27th AUG. 2013 YOUR MINTVISORY Call us at +91-731-6642300 RECOMMENDATIONS CASTORSEED BUY CASTORSEEED SEP ABOVE 3750 TG 3725,3800 SL 3710 SELL CASTORSEED SEP BELOW 3715 TG 3690,3650 SL 3760 DHANIYA BUY DHANIYA SEP ABOVE 5910 TG 5935,5970 SL 5865 SELL DHANIYA SEP BELOW 5850 TG 5825,5800 SL 5890 NCDEX ROUNDUP India has sold 350,000 to 400,000 tonnes of new-crop soy- meal for shipment between October and December on prospects of higher soybean production and a weak rupee Asian Development Bank (ADB) will provide $18.4 million to Champion Agro to set up cold storage facilities for fruits and vegetables focusing on Gujarat. A sudden spurt in domestic and overseas futures market lifted prices of imported edible oils here on Monday, de- spite month-end need-based demand. Taking cues from Malaysian palm oil, local refineries raised their rates for palmolein and soyabean refined oil higher by Rs 15-20 respectively for 10 kg. Indigenous edible oils were mixed. On the Bombay Commodity exchange, pal- molein rose by Rs 8, soyabean refined oil by Rs 15 and cot- ton refined oil by Rs 7 for 10 kg due to lower demand. Groundnut oil declined by Rs 5 while sunflower and rape- seed oils ruled steady. Pepper prices fell on Monday on reports of selling pres- sure. As prices crossed Rs 400-level and touched Rs 405 a kg, those who were holding the material started liquidat- ing. This phenomenon led to the price fall. NCDEX NCDEX INDICES Index Value % Change Castor Seed 3732 +2.64 Chana 3171 +1.12 Chilli 5550 +1.55 Coriander 5873 +1.50 Cotton Seed Oilcake 1845 +0.27 Jeera 13545 +0.39 Mustard seed 3533 +2.35 Ref Soya Oil 701.3 +2.32 Sugar M Grade 3014 -0.56 Turmeric 5110 +0.31
  6. 6. DAILY REPORT 27th AUG. 2013 YOUR MINTVISORY Call us at +91-731-6642300 EUR/INR EUR/INR (NSE/MCX-SX) has closed at the level of @86.2475. If EUR/INR sustains above the level of @86.50 then it can touch the level of @86.67 and @87.51 respec- tively. JPY/INR JPY/INR (NSE/MCX-SX) has closed at the level of @65.4025. If JPY/INR sustains above the level of @65.55, it can touch the level of @66.21 and @66.73. CURRENCY ROUNDUP Indian rupee plunges to 64.20 per dollar in yesterday’s late morning trade. This follows good demand for the US cur- rency from banks and importers due to rise in crude oil prices. The rupee resumed lower at 63.65 per dollar against the last weekend's level of 63.20 at the Interbank Foreign Exchange. CLSA expects the rupee to weaken to 67 to 68 per dollar mark by the end of fiscal year 2014. It also sees the rupee heading to at least 70 to 72 per dollar mark by fy15. On the other hand, CRISIL believes that the rupee will head back to 60 per dollar by the end of fiscal year 2014. CRISIL expects the currency to recover, helped by further narrowing of the current account deficit due to a decline in non-oil imports, including gold. The rupee yesterday tumbled 110 paise to once again close below the 64 mark against the dollar, giving up a ma- jor part of Friday's gains amid heavy month-end dollar de- mand from importers and capital outflows. A strengthening dollar overseas and late weakness in local stocks also put pressure on the rupee, a forex dealer said. Global ratings agency Fitch said India's fiscal numbers "look weak" and warned of a downgrade if the country is unable to meet the fiscal deficit target. The dollar index was up by 0.08 per cent against a basket of six major global currencies after US Federal Reserve offi- cials wrapped up a yearly gathering appearing ready to start slowing the monetary stimulus next month. he Reserve Bank of India (RBI) was spotted selling dollars via state-run banks starting at around 64.70 rupee levels on Monday, three traders told Reuters, after the rupee had weakened through most of the session. CURRENCY RBI Reference Rate Currency Rate Currency Rate Rupee- $ 64.2347 Yen-100 65.2100 Euro 85.9342 GBP 100.0070
  7. 7. DAILY REPORT 27th AUG. 2013 YOUR MINTVISORY Call us at +91-731-6642300 CALL REPORT 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 reli- able. 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. Disclaimer PERFORMANCE UPDATES Date Commodity/ Cur- rency Pairs Contract Strategy Entry Level Target Stop Loss Remark 26/08/13 MCX GOLD OCT. BUY 31980 32040-32100 31890 NOT EXECUTED 26/08/13 MCX SILVER SEP. BUY 53800 53970-54200 53600 BOOKED FULL PROFIT 26/08/13 NCDEX CASTOR SEED SEP BUY 3685 3710-3735 3660 BOOKED FULL PROFIT 26/08/13 NCDEX CASTOR SEED SEP SELL 3590 3575-3550 3615 NOT EXECUTED 26/08/13 NCDEX DHANIYA SEP BUY 5850 5875-5900 5825 BOOKED FULL PROFIT 26/08/13 NCDEX DHANIYA SEP SELL 5750 5725-5700 5775 NOT EXECUTED 26/08/13 JPY/INR AUG SELL 64.0500 63.25-62.80 NOT EXECUTED 26/08/13 USD/INR AUG SELL 63.9925 63.17-62.32 CALL OPEN Date Scrip CASH/ FUTURE/ OPTION Strategy Entry Level Target Stop Loss Remark 26/08/13 NIFTY FUTURE BUY 5350-5400 5450-5500 5300 NOT EXECUTED 26/08/13 PC JEWELLERS CASH BUY 95 98-102 90 SL TRIGGERED 26/08/13 TECH MAHINDRA FUTURE BUY 1350-1360 1375-1390 1325 BOOKED FULL PROFIT 26/08/13 BHEL FUTURE BUY 112-114 118-120 110 NOT EXECUTED TIME (ET) REPORT PERIOD ACTUAL CONSENSUS FORECAST PREVIOUS TUESDAY, AUG. 27 10 AM CONSUMER CONFIDENCE INDEX AUG. 80.0 80.3 WEDNESDAY, AUG. 28 10 AM PENDING HOME SALES MOM 0.2% -0.4% THURSDAY, AUG. 29 8:30 AM WEEKLY JOBLESS CLAIMS 8/24 N/A N/A 8:30 AM GDP REVISION 2Q 2.4% 1.7% FRIDAY, AUG. 30 8:30 AM PERSONAL INCOME JULY 0.2% 0.3% 8:30 AM CONSUMER SPENDING JULY 0.3% 0.5% 8:30 AM CORE PCE PRICE INDEX JULY 0.2% 0.2% 9:45 AM CHICAGO PMI AUG. 53.0 52.3 9:55 AM UMICH CONSUMER SENTIMENT INDEX AUG. N/A 80.0 PERFORMANCE UPDATES