Special report by epic reseach 3 september 2013


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Special report by epic reseach 3 september 2013

  1. 1. DAILY REPORT 3rd SEPT. 2013 YOUR MINTVISORY Call us at +91-731-6642300 Global markets at a glance The Nikkei and Hong Kong’s Hang Seng Index are trading with a little upward move by 2.41% & 0.68% respectively. Asian markets look set for a second day of gains on Tues- day after a string of upbeat factory data around the globe boosted shares and most commodities. While Wall Street was closed for the Labor Day holiday, U.S. stock futures posted solid gains with the S&P 500 con- tract up 0.9 percent. Broad gains across European bourses lifted MSCI's world equity index .MIWD00000PUS 0.6 per- cent. Wall Street Update China's factory sector showed signs of stronger growth Monday, while weak economic data from a number of other Asian nations underscored the impact of a recent selloff in emerging-market assets. Previous day Roundup Though Sensex has gained yesterday but still away from the 19000-level mark and at 18886.13, up 266.41 points or 1.50 percent, and the Nifty adds up 78.95 points or 1.46% at 5550.75. About 1385 shares have advanced, 841 shares declined, and 157 shares are unchanged. Index heavyweights were taking the lead. Tata Steel, ITC , Maruti Suzuki, Reliance, Hindalco were gainers in the Sensex while M&M, Tata Power, HDFC Bank, Infosys and Dr Reddy’s Labs are losers. Bajaj Hindusthan, Balrampur Chini, Shree Renuka Sug- ars, Dwarikesh Sugar and Dhampur Sugar rallied 13-20 per- cent. Index stats Bank Nifty & Bankex both gained 1.00% & 0.91% respec- tively, while all the sectors also resulted upside closing in yesterday’s session; Consumer Durables [up 99.11pts], Oil & Gas [up 207.74pts] , PSU [up 70.65pts]. Metals [up 246.19pts], Capital Goods [up 73.43pts], FMCG [up 196.35 pts], TECK [up 15.28 pts], Healthcare [up 72.39pts], IT [up 11.10pts]Power [up 14.07 pts]. World Indices Index Value % Change D J l 14,810.31 — S&P 500 1,632.97 — NASDAQ 3,589.87 — EURO STO 2774.09 +1.94 FTSE 100 6,506.19 +1.45 Nikkei 225 13,900.33 +2.41 Hong Kong 22,326.99 +0.68 Top Gainers Company CMP Change % Chg JPASSOCIAT 36.35 3.25 9.82 INDUSINDBK 383.00 26.25 7.36 TATASTEEL 290.70 16.70 6.09 Top Losers Company CMP Change % Chg KOTAKBANK 627.30 32.30 -4.90 M&M 767.00 16.25 -2.07 TATAPOWER 74.45 1.40 -1.85 HEROMOTOCO 2,018.25 28.25 -1.38 ACC 951.85 12.25 -1.27 Stocks at 52 Week’s high Symbol Prev. Close Change %Chg ALEMBICLTD 24.20 -0.05 -0.21 MINDTREE 1,070.90 +16.30 +1.57 HCLTECH 1,039.00 -1.45 -0.14 TCS 2,057.00 +23.80 +1.17 Top Losers Company CMP Change % Chg NIFTY 5,550.75 +78.95 +1.44 SENSEX 18,886.13 +266.41 +1.43 Stocks at 52 Week’s Low Symbol Prev. Close Change %Chg ADANIENT 139.60 -1.90 -1.34 PLETHICO 59.85 +2.95 +4.93 NETWORK18 27.20 +0.65 +2.45 WYETH 571.10 -3.95 -0.69
  2. 2. DAILY REPORT 3rd SEPT. 2013 YOUR MINTVISORY Call us at +91-731-6642300 STOCK RECOMMENDATIONS [FUTURE] 1. RELIANCE INDUSTRIES RELIANCE INDUSTRIES is looking strong on charts & long build up has been seen, we may see more upside in this stock, if it continues to sustain above 890 levels. We advise buying above 890 levels with strict stop loss of 865 for the targets of 915- 930. 2. JPASSOCIATE JP ASSOCIATE is looking strong on charts and long build up has been seen, we may see more upside in this stock, if it continues to sustain above 37 levels. We advise buying above 37 levels with strict stop loss of 35.50 for the targets of 38-39. STOCK RECOMMENDATION [CASH] 1. RENUKA SUGAR RENUKA SUGAR is looking strong on charts . We advice buy- ing above 18.25 with strict stop loss of 15.50 for the targets of 19.50-20.50 levels. MACRO NEWS Indian factory activity shrank for the first time in more than four years last month, adding to the country's deepening economic malaise even as the RBI struggles to defend the battered rupee currency The bleak Purchasing Managers' Index (PMI) comes hard on the heels of data on Friday that showed Asia's third-largest economy grew at it slowest quarterly rate in the three months to June since the global financial crisis, suggesting more pain ahead. The HSBC Manufacturing PMI, compiled by Markit, sank to 48.5 in August from 50.1 in July, the lowest reading since March 2009. The Indian economy grew 4.4 percent in the April-June quarter, the slowest quarterly rate since Jan-March of 2009, hurt by a contraction in mining and manufacturing. EQUITY CASH & FUTURE CORPORATE ACTION TODAY SCRIP ACTION Rs. Per Share NBCC DIVIDEND 3.75 TI DIVIDEND 0.8 HEROMOTOCO DIVIDEND 60 COMPUAGE DIVIDEND 1
  3. 3. DAILY REPORT 3rd SEPT. 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 5,300 70.00 2,27,569 69,75,800 NIFTY PE 5,400 91.50 1,79,894 39,43,450 NIFTY PE 5,500 121.50 1,73,681 30,55,950 BANKNIFTY PE 9,000 288.00 8,593 1,05,275 RELIANCE PE 840 15.00 2,551 2,92.750 RELIANCE PE 860 21.10 2,513 2,01,000 SBIN PE 1,500 63.50 2,307 1,94,625 TATAMOTORS PE 280 7.10 1,177 8,50,000 MOST ACTIVE CALL OPTION Symbol Option Type Strike Price LTP Traded Volume (Contracts) Open Interest NIFTY CE 5,600 115.95 2,65,869 30,69,250 NIFTY CE 5,700 71.60 2,62,472 32,832,000 NIFTY CE 5,800 39.80 2,16,858 29,42,250 BANKNIFTY CE 10,000 89.05 9,789 1,82,825 JPASSOCIAT CE 40.00 1.90 6,181 67,52,000 SBIN CE 1,600 42.30 4,237 3,45,500 RELIANCE CE 900 25.75 3,462 3,64,250 AXISBANK CE 900 46.20 3,241 3,98,000 ICICIBANK CE 840 35.65 1,775 1,73,750 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 71916 1968.82 72981 1987.14 386568 10278.60 -18.32 INDEX OPTIONS 574938 15343.68 553314 14739.06 1737931 48117.45 604.62 STOCK FUTURES 87881 2180.18 70748 1765.59 1012348 26120.14 414.60 STOCK OPTIONS 18864 453.62 19262 458.10 28756 802.01 -4.48 TOTAL 996.42 INDICES S2 S1 PIVOT R1 R2 NIFTY 5445.45 5498.1 5531.5 5584.15 5617.54 NIFTYJUNIOR 10470.61 10560.63 10615.91 10705.93 10761.21 STOCKS IN NEWS  Reliance Infrastructure completes widening of Sa- lem-Ulundurpet highway project.  Larsen & Toubro bags orders worth Rs 1,141 cr in August.  Total sales of the M&M fell 17% y-o-y to 37,900 units and its passenger vehicle sales have also slipped to 15,821 units from 21,831 units Y-o-Y. NIFTY FUTURE Nifty Future as expected closed in the green in the last trading session. We advise buying on dips around 5500 -5520 with strict stop loss of 5470 for the targets of 5580-5600 levels.
  4. 4. DAILY REPORT 3rd SEPT. 2013 YOUR MINTVISORY Call us at +91-731-6642300 SILVER TRADING STRATEGY: BUY SILVER ABOVE 57430 TGTS 57630 /52950 SL 57130 GOLD TRADING STRATEGY: BUY GOLD ABOVE 33200 TGTS 33270/33370 SL 33100 SELL GOLD BELOW 32800 TGTS 32730/32630 SL 32900 COMMODITY ROUNDUP US gold futures edged down on Monday amid concerns over possible withdrawal of US Federal Reserve monetary stimulus, higher than expected China manufacturing data and Barack Obama's recent decision to obtain congres- sional approval before taking any military action against Syria. Gold futures for December delivery on Globex plat- form of Comex was seen trading with a loss. Gold was down 0.2 percent at $1,392.80 an ounce as concerns about Syria eased temporarily while 10-year German gov- ernment bonds, another refuge for nervous investors, fell sharply, sending the yield up 6.1 basis points and back to- wards a 1-1/2 year high hit last month. India silver futures edged up on Monday and was seen trading with an upward movement. Oil prices rebounded on the brighter economic outlook after falling initially following U.S. President Barack Obama's decision to rule out military action against Syria until lawmakers had had a chance to vote on the plan. Brent crude was slightly firmer at $114, after shedding more than a $1 a barrel early on Monday. US crude oil prices on New York Mercantile Exchange (NYMEX) declined for a third consecutive day. MCX crude oil futures for September delivery was seen trading down Copper prices in the global market edged up on Monday amid positive economic/manufacturing data releases from China and Europe. Comex copper was seen trading up since morning. Copper for delivery in three months gained 1.7 % to $7,223 a metric ton by 3:09 p.m. on the London Metal Exchange. Prices rose as much as 2.5 percent, the most since Aug. 8. Prices also climbed after Bank of Amer- ica Merrill Lynch said inventories of copper held in Chinese bonded warehouses plunged. COMMODITY MCX
  5. 5. DAILY REPORT 3rd SEPT. 2013 YOUR MINTVISORY Call us at +91-731-6642300 RECOMMENDATIONS CASTORSEED BUY CASTORSEED SEP ABOVE 3750 TG 3775, 3805 SL 3700 SELL CASTORSEED SEP BELOW 3695 TG 3665, 3635 SL 3745 DHANIYA BUY DHANIYA SEP ABOVE 5910 TG 5940,5980 SL 5870 SELL DHANIYA SEP BELOW 5810 TG 5780,5660 SL 5780 NCDEX ROUNDUP The prices of pulses in India during the last week remained steady across the country. Technical textiles sector has grown from a size of $7 billion in 2007-08 to the current size of $ 15.2 billion registering an annual growth of 11 percent. Indian government has planned an increase in the fund outlay for technical textiles sector to over US $ 117 million for the 12th five year plan period (2012-17). Milling wheat rose in Paris on concerns that global grain output will be smaller than previously expected amid dry weather in the U.S., even as a report showed improving prospects for European supplies. The milling wheat price for delivery in November on NYSE Liffe in Paris was 0.3 per- cent higher at €187.75 a tonne as of 11:16 BST yesterday. Corn for delivery in November advanced 2.1 percent to €174 a tonne. Grain markets in Chicago were closed today for the U.S. Labour Day holiday. According to National Weather Service data, the U.S., the world’s largest exporter of wheat and corn, has had drier- than-normal weather in Midwest cultivation areas in the past two months, potentially curbing yields. NCDEX NCDEX INDICES Index Value % Change Castor Seed 3740 +4.00 Chana 3192 -0.47 Chilli 5764 -0.45 Coriander 5880 +2.65 Cotton Seed Oilcake 1774 -3.22 Jeera 14220 +4.00 Mustard seed 3561 +0.82 Ref Soya Oil 696 -1.02 Sugar M Grade 3012 +0.27 Turmeric 5266 +0.65
  6. 6. DAILY REPORT 3rd SEPT. 2013 YOUR MINTVISORY Call us at +91-731-6642300 GBP/INR GBP/INR has closed @103.8375. If it sustains above the level of 104.00, it can touch the level of 104.37 & 105.39. If it breaks the level of 102.50, it can touch the level of 101.90 and 101.05. EUR/INR EUR/INR has closed @88.0500. If it sustains above the level of 88.20, it can touch the level of 88.70 and 89.37 respectively. If it breaks the level of 87.05, it can touch the level of 86.71 and 86.25. CURRENCY ROUNDUP Indian rupee traded lower in early trade on Monday against the US dollar. Rupee opened lower by 39 paisa or 0.59% against US dollar at Rs 66.10 compared to previous close of 65.71, it was down another 0.5 percent against the dollar, to 66.02 rupees to the dollar, bringing its decline since early May to almost 20 percent. So the Indian rupee began slip- ping lower in currency markets again on Monday after a two-day respite, as further signs emerged of broad troubles in the Indian economy. The rupee remained frail after last week's record low, as pessimism generated by dismal economic growth data was compounded on Monday by survey showing factory activ- ity in August shrank for the first time in over four years. Aggressive intervention by the Reserve Bank of India had helped lift the rupee off its low late last week. The RBI's main defense, squeezing rupee liquidity and pushing up short term interest rates, has pushed up borrowing costs for already depressed corporate, but has barely stemmed the rupee's fall. The dollar index, which tracks the greenback against six major currencies was largely flat though at 82.10. .DXY. In New York market, the US dollar rose against rivals on last Friday and notched its third consecutive weekly gain after Syrian-related tensions weighed on risk appetite and aided the US currency. Dollar continues to hurt rupee as the In- dian rupee trimmed its initial losses but was still quoted down by 14 paisa to 65.84 per dollar on demand for the US currency from banks and importers due to higher global cues amid firm equity market. CURRENCY RBI Reference Rate Currency Rate Currency Rate Rupee- $ 65.8608 Yen-100 66.8400 Euro 87.0575 GBP 102.5189
  7. 7. DAILY REPORT 3rd SEPT. 2013 YOUR MINTVISORY Call us at +91-731-6642300 CALL REPORT Disclaimer US ECONOMIC REPORT TIME (ET) REPORT PERIOD ACTUAL CONSENSUS FORECAST PREVIOUS TUESDAY, SEPT.3 9 AM MARKIT PMI AUG. -- 53.9 10 AM ISM AUG. 54.0% 55.4% 10 AM CONSTRUCTION SPENDING JULY 0.4% -0.6% WEDNESDAY, SEPT.4 8:30 AM TRADE DEFICIT JULY -$38.0 bln -$34.2 bln TBA MOTOR VEHICLE SALES AUG. 15.8 mln 15.7 mln 2 PM BEIGE BOOK THURSDAY, SEPT. 5 8:15 AM ADP EMPLOYMENT AUG. 190,000 200,000 8:30 AM WEEKLY JOBLESS CLAIMS 8/31 N/A N/A 8:30 AM PRODUCTIVITY 2Q 1.2% 0.9% 10 AM ISM NONMANUFACTURING AUG. 55.0% 56.0% 10 AM FACTORY ORDERS JULY -- 1.5% FRIDAY, SEPT. 6 8:30 AM NONFARM PAYROLLS AUG. 165,000 162,000 8:30 AM UNEMPLOYMENT RATE AUG. 7.4% 7.4% PERFORMANCE UPDATES Date Commodity/ Cur- rency Pairs Contract Strategy Entry Level Target Stop Loss Remark 02/09/13 MCX GOLD OCT. BUY 33280 33350-33470 33180 NOT EXECUTED 02/09/13 MCX GOLD OCT. SELL 32750 32680-32580 32850 BOOKED FULL PROFIT 02/09/13 MCX SILVER SEP. SELL 53400 53230-52950 53700 NOT EXECUTED 02/09/13 NCDEX CASTOR SEED SEP BUY 3620 3645-3690 3570 BOOKED FULL PROFIT 02/09/13 NCDEX CASTOR SEED SEP SELL 3500 3475-3440 3550 NOT EXECUTED 02/09/13 NCDEX DHANIYA SEP BUY 5775 5800-5850 5730 BOOKED FULL PROFIT 02/09/13 NCDEX DHANIYA SEP SELL 5730 5700-5660 5780 NOT EXECUTED 02/09/13 USD/INR AUG SELL 66.40 65.58-64.59 SL TRIGGERED 02/09/13 EUR/INR AUG SELL 87.85 86.71-85.41 SL TRIGGERED Date Scrip CASH/FUTURE/ OPTION Strategy Entry Level Target Stop Loss Remark 02/09/13 NIFTY FUTURE BUY 5420-5440 5490-5550 5375 NOT EXECUTED 02/09/13 HIND UNILEVER FUTURE BUY 620-625 635-650 615 NOT EXECUTED 02/09/13 CIPLA FUTURE BUY 415-418 425-430 410 BOOKED PROFIT 02/09/13 AMBUJA CEMENT CASH BUY 172 175-178 168 BOOKED 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.