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Special report 19 09-2013 by epic research


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Special report 19 09-2013 by epic research

  1. 1. DAILY REPORT 19th SEPT. 2013 YOUR MINTVISORY Call us at +91-731-6642300 Global markets at a glance Key Asian indices end the day in the green. European mar- kets edge higher and the US futures indicate a positive opening for Wall Street. Asian stocks rose, with the regional benchmark index trad- ing near a four-month high . Hong Kong’s Hang Seng Index slipped 0.3 %and Taiwan’s Taiex Index slid 0.5 percent. China’s Shanghai Composite Index added 0.3 percent, while Singapore’s Straits Times Index climbed 0.5 %. Asian shares and currencies looked set to surge today morning after the U.S. Federal Reserve stunned markets Wall Street Update The Federal Reserve unexpectedly refrained from reducing the $85 billion pace of monthly bond buying, saying it needs more evidence of lasting improvement in the econ- omy and warning that an increase in interest rates threat- ened to curb the expansion. Wall Street banks, facing a drop in third-quarter trading revenue. Banks including JPMorgan Chase & Co. (JPM) and Barclays Plc (BARC) have indicated to investors that trading revenue for the period probably will be down from a year earlier. Previous day Roundup After opening on a weak note and tepid trading session, the Sensex closed at 158.13 points or 0.80 %at 19962.16. The Nifty too managed to end above the 5900 level at 5909.90, up 59.70 points. About 1209 shares have ad- vanced, 1105 shares declined, and 179 shares are un- changed. Index stats Bank Nifty & Bankex both gained 1.64%& 1.56% respec- tively, while all the sectors also resulted upside closing in yesterday’s session; Consumer Durables [up 24.97 pts], IT [11.82 pts], Oil & Gas [up 74.14pts], TECK [up 10.32pts], PSU [up 43.12pts], Metals [up 1.18pts], Capital Goods [up 41.03pts], AUTO [up 1.44 pts], Healthcare [up 74.30pts], Power [up 7.52pts] REALTY [up 25.98pts], FMCG [up 92.68pts]. traded upward. World Indices Index Value % Change D J l 15,676.94 +0.95 S&P 500 1,725.52 +1.22 NASDAQ 3,783.64 +1.01 EURO STO 2,908.92 +0.62 FTSE 100 6,558.82 -0.17 Nikkei 225 14,657.73 +1.05 Hong Kong 23,517.51 +1.73 Top Gainers Company CMP Change % Chg DLF 161.40 7.55 +4.91 NTPC 145.75 5.60 +4.00 TATAPOWER 78.60 3.00 +3.97 GRASIM 2,613.15 93.75 +3.72 BANKBARODA 534.90 17.15 +3.31 Top Losers Company CMP Change % Chg BHEL 130.50 6.05 -4.43 HEROMOTOCO 2,012.00 61.15 -2.95 SESAGOA 177.75 2.80 -1.55 CAIRN 318.85 4.50 -1.39 NMDC 122.70 1.20 -0.97 Stocks at 52 Week’s high Symbol Prev. Close Change %Chg CMAHENDRA 206.00 5.65 +2.82 DENSO 126.00 0.30 +0.24 FSL 15.85 0.70 +4.68 GALLISPAT 190.90 14.25 +8.07 LAOPALA 467.00 18.30 +4.08 Top Losers Company CMP Change % Chg NIFTY 19,962.16 158.13 +0.84 SENSEX 5,899.45 49.25 +0.80 Stocks at 52 Week’s Low Symbol Prev. Close Change %Chg GODREJPROP 378.65 -2.70 -0.71 HTMEDIA 82.95 -2.80 -3.27
  2. 2. DAILY REPORT 19th SEPT. 2013 YOUR MINTVISORY Call us at +91-731-6642300 STOCK RECOMMENDATIONS [FUTURE] 1. ORIENTAL BANK ORIENTAL BANK is looking strong on charts, long build up has been seen, we may see more upside, if it continues to sustain above 175 levels. We advise buying around 173-175 levels with strict stop loss of 169 for the targets of 178-181 levels. 2. YES BANK YES BANK FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it continues to sustain above 315 levels. We advise buying around 315-320 levels with strict stop loss of 300 for the targets of 325-335 levels. STOCK RECOMMENDATION [CASH] 1. PANACEA BIOTECH PANACEA BIOTECH is looking strong on charts . We advise buying around 135 with strict stop loss of 128 for the tar- gets of 139-145 levels. MACRO NEWS The Fed said it would await evidence of a more stable econ- omy before adjusting the pace of its purchases. The Fed also downgraded its forecasts for the US economy. EQUITY CASH & FUTURE CORPORATE ACTION TODAY SCRIP ACTION Rs. Per Share TECHM DIVIDEND 5 WELSPUNIND DIVIDEND 2 ESSARPORTS DIVIDEND 0.5 WELCORP DIVIDEND 0.5 RUSHIL DIVIDEND 0.5 SUNPHARMA DIVIDEND 2.5 AMBIKCO DIVIDEND 9.5 GITANJALI DIVIDEND 3 STCINDIA DIVIDEND 2 SURYALAXMI DIVIDEND 2 FLEXITUFF DIVIDEND 1 MONNETISPA DIVIDEND 1.5 NMDC DIVIDEND 4 SINTEX DIVIDEND 0.7
  3. 3. DAILY REPORT 19th 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 5,800 59.95 2,40,248 48,18,850 NIFTY PE 5,700 37.70 2,11,066 48,80,800 NIFTY PE 5,900 91.85 1,49,184 40,12,300 BANK NIFTY PE 10,000 125.30 17,845 3,00,850 SBIN PE 1,600 24.65 3,163 2,57,750 AXISBANK PE 1000 16.25 1,434 4,14,250 RELIANCE PE 840 6.80 1,402 4,75,250 DLF PE 150 3.25 1,549 12,87,000 MOST ACTIVE CALL OPTION Symbol Option Type Strike Price LTP Traded Volume (Contracts) Open Interest NIFTY CE 6,000 82.50 3,03,219 59,07,550 NIFTY CE 6,100 45.55 2,47,388 40,67,800 NIFTY CE 5,900 134.80 2,30,749 40,37,850 BANKNIFTY CE 11,000 125.00 17,035 2,97,725 SBIN CE 1,700 48.50 7,450 4,34,250 RELIANCE CE 880 18.95 3,030 3,75,750 DLF CE 160 8.15 2,964 11,76.000 JPASSOCIAT CE 45 0.45 2,583 84,28,000 AXISBANK CE 1,100 41.00 2,732 2,51,000 FII DERIVATIVES STATISTICS BUY SELL OPEN INTEREST AT THE END OF THE DAY No. of Contracts Amount in Crores No. of Contracts Amount in Crores No. of Contracts Amount in Crores NET AMOUNT INDEX FUTURES 58917 1729.85 54232 1585.53 452611 13154.40 144.32 INDEX OPTIONS 427767 12353.68 471778 13557.70 2409948 70792.04 -1204.02 STOCK FUTURES 59284 1541.19 78202 2061.39 1038044 28581.35 -520.20 STOCK OPTIONS 22555 578.20 24262 617.71 69599 1917.85 -39.51 TOTAL -1619.41 INDICES S2 S1 PIVOT R1 R2 NIFTY 5808.81 5854.13 5885.51 5930.83 5962.21 NIFTYJUNIOR 10986.43 11043.96 11080.43 11137.96 11174.43 STOCKS IN NEWS TVS Motor Co eyes over 10 per cent sales growth this fiscal, launches 'Jupiter' scooter. Suzlon unit REpower UK bags 4 contracts. Power Ministry favors returning surplus coal to Coal India. ICICI Ventures invests Rs 150 crore in Adlabs Imagica. GMR sells 74% stake in Ulundurpet Expressways for Rs 222 crore. NIFTY FUTURE Nifty Future as expected closed in the green but facing strong resistance near 6000 & support near 5850. We advise buying around 5900-5920 with strict stop loss of 5860 for the targets of 5950-5980 levels.
  4. 4. DAILY REPORT 19th SEPT. 2013 YOUR MINTVISORY Call us at +91-731-6642300 RECOMMENDATIONS SILVER TRADING STRATEGY: SELL SILVER DEC BELOW 49200 TGTS 48900,48600 SL 49600 BUY SILVER DEC ABOVE 49950 TGTS 50250/50550 SL 49450 GOLD TRADING STRATEGY: BUY GOLD OCT ABOVE 30200TGTS 30300,30400 SL 30100 SELL GOLD OCT BELOW 29800TGTS 29700/29600 SL 29920 COMMODITY ROUNDUP India's commodity futures market regulator, Forward Mar- kets Commission (FMC) has stopped trading in metals and energy futures on Saturdays while there would be trading in agri-commodities. Crude oil futures are trading flat in the Asia electronic trades today after tumbling by more than 1% yesterday. Crude oil for November delivery is trading flat at $104.85 a barrel on the New York Mercantile Exchange Aluminium stocks fell sharply by 5575 tons to 5387650 tons on Wednesday at London Metal Exchange (LME) while copper stocks fell 2650 tons to 571950 tons. On the gainers side, zinc stocks topped with 3900 tons to 981000 tons, while Nickel gained by 2136 tons to 218448 tons. Gold futures for December delivery on Globex platform of Comex was seen trading down by 0.55% at $1302.1 per troy ounce as of 16.08 IST yesterday. India gold futures continued its bearish rally on Wednesday on weak global cues. MCX gold for October delivery was seen trading down by 0.65% at Rs.29529 per 10 grams as of 15.36 IST on Wednesday. Gold futures for December delivery on Globex platform of Comex was seen trading down by 0.55% at $1302.1 per troy ounce as of 16.08 IST on Wednesday. MCX Copper futures traded on a flat note in the early moves yesterday. Global copper prices eased to their five- week low last week. China unwrought Copper imports de- clined on a monthly basis on August 2013. The total un- wrought Copper imports to China were 387654 tonnes, down 5.6% from 410680 tonnes in July 2013. MCX Copper has become quite weak in the daily charts after it breached Rs 461 on the lower side. The settlement was at Rs 456.6 per kg, down 0.14%. COMMODITY MCX
  5. 5. DAILY REPORT 19th SEPT. 2013 YOUR MINTVISORY Call us at +91-731-6642300 RECOMMENDATIONS CASTORSEED SELL CASTORSEED BELOW 3580 TG 3550,3510 SL 3590 BUY CASTORSEED ABOVE 3610 TG 3640,3680 SL 3570 DHANIYA SELL DHANIYA BELOW 5770 TG 5745,5710 SL 5810 BUY DHANIYA ABOVE 5820 TG 5850,5890 SL 5780 NCDEX ROUNDUP India needs to rapidly ramp up its grain storage facility to meet the requirements of storage of food grains, pulses and other agri-commodities. At present about 99% of the storage is in 50 kg bags in state owned warehouses that lead to losses of 10% on an average. The Food Corporation of India (FCI) has a storage capacity of 27 mn tons for wheat and rice while state agencies have a capacity of 6 mn tons taking the total capacity to 43 mn tons. Spot turmeric prices continue to trade under Rs 5000 per quintal levels. The first week of Septmber had witnessed good gains as some delay was seen in new crop. However, this week, the prices have yet again given up their gains and are back to losing spree. Steady to firm arrivals had kept a tab on turmeric prices in last few days. Jeera eased modestly yet again, nearing Rs 13600 per quin- tal levels- its lowest mark in around three weeks. However, the supply remains poor and demand is expected to sup- port prices in near term. Heavy rainfall has been witnessed in few regions Gujarat though no major impact of the same has been seen so far. Spot prices are down Rs 20 at Rs 13620 per quitnla in Unjha yesterday. NCDEX NCDEX INDICES Index Value % Change Castor Seed 3511 -0.99 Chana 3040 -0.91 Chilli 5570 -0.46 Coriander 5640 -0.28 Cotton Seed Oilcake 1811 +0.95 Jeera 13155 -0.55 Mustard seed 3498 -0.23 Ref Soya Oil 674 -0.88 Sugar M Grade 2970 +0.95 Turmeric 4542 -1.77
  6. 6. DAILY REPORT 19th SEPT. 2013 YOUR MINTVISORY Call us at +91-731-6642300 GBP/INR GBP/INR has closed @101.2800. If it sustains above the level of 101.60, it can touch the level of 101.87 & 102.24. If it breaks the level of 100.30, it can touch the levels of 99.87 & 99.40. USD/INR USD/INR has closed @63.4450. If it sustains above the level of 63.90, it can touch the level of 64.43 & 64.67. If it breaks the level of 63.00, it can touch the level of 62.66 & 62.20. CURRENCY ROUNDUP The Indian currency opened the day at 63.25 per dollar, slightly stronger than Tuesday’s close, and has since gained further ground against the greenback. A weak dollar as well as the recent RBI measures are said to be propping up the rupee today. Exporters and FIIs have been noted sell- ing dollars. The rupee washed out earlier losses Wednesday and was quoted higher by 19 paise to 63.18 per dollar on fresh sell- ing of the US currency by banks and exporters on the back of its weakness overseas. The rupee resumed lower at 63.45 per dollar as against the last closing level of 63.37 at the Interbank Foreign Exchange (Forex) Market on good dollar demand from banks and importers. The U.S. dollar held near a four-week trough against a bas- ket of major currencies in early Asian trade on Wednesday as investors bet that any move by the U.S. Federal Reserve to roll back stimulus will be very modest. The euro stood at $1.3357, near a 2-1/2 week peak of $1.3385 reached on Monday. The dollar sank to a seven-month low on Wednesday after the Federal Reserve shocked investors by deciding to con- tinue its massive stimulus program. The dollar index fell as low as 80.376, the lowest since Feb. 20. It was last at 80.481, down 0.8 per cent. The euro, meanwhile, climbed to a seven-month peak of $1.3486. It last changed hands at $1.3469, up 0.8 per cent. Against the yen, the dollar fell to 97.98 yen, a three-week low and by mid-afternoon trading, it was down 0.8 per cent at 98.35. CURRENCY RBI Reference Rate Currency Rate Currency Rate Rupee- $ 63.1440 Yen-100 63.6500 Euro 84.3675 GBP 100.4810
  7. 7. DAILY REPORT 19th SEPT. 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 18/09/13 MCX GOLD OCT. BUY 29450 29550-29650 29350 BOOKED FULL PROFIT 18/09/13 MCX SILVER DEC. BUY 49200 49500-49800 49700 BOOKED PROFIT 18/09/13 MCX GOLD OCT. SELL 29600 29500-29400 29720 BOOED FUL PROFIT 18/09/13 MCX SILVER DEC. SELL 49300 49100-48800 49720 BOOKED FULL PROFIT 18/09/13 NCDEX CASTOR SEED SEP BUY 3640 3665-3700 3600 SL TRIGGERED 18/09/13 NCDEX CASTOR SEED SEP SELL 3610 3585-3550 3650 BOOKED FULL PROFIT 18/09/13 NCDEX DHANIYA SEP BUY 5770 5800-5840 5730 BOOKED PROFIT 18/09/13 NCDEX DHANIYA SEP SELL 5740 5715-5680 5790 BOOKED PROFIT 18/09/13 GBP/INR SEP SELL 100.15 99.87-99.40 NOT EXECUTED 18/09/13 JPY/INR SEP SELL 63.20 62.90-62.45 NOT EXECUTED 18/09/13 GBP/INR SEP BUY 101.80 102.24-102.99 NOT EXECUTED 18/09/13 JPY/INR SEP BUY 64.75 65.09-65.42 NOT EXECUTED Date Scrip CASH/ FUTURE/ OPTION Strategy Entry Level Target Stop Loss Remark 18/09/13 NIFTY FUTURE BUY 5830-5850 5900-5920 5800 NOT EXECUTED 18/09/13 RAYMOND FUTURE BUY 230-232 237-239 225 BOOKED PROFIT 18/09/13 YESBANK FUTURE BUY 300 305-309 292 BOOKED FULL PROFIT 18/09/13 HEIDELBERG CEMENT CASH BUY 38.50 40-42 34 NOT EXECUTED 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 under- stood 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. TIME (ET) REPORT PERIOD ACTUAL CONSENSUS FORECAST PREVIOUS THURSDAY, SEPT. 19 8:30 AM WEEKLY JOBLESS CLAIMS 9/14 N/A N/A 10 AM EXISTING HOME SALES AUG. 5.30 5.39 MLN 10 AM PHILLY FED SEPT. 11.8 9.3 10 AM LEADING INDICATORS AUG. 0.4% 0.6% 12 noon FINANCIAL ACCOUNTS Q2 FRIDAY, SEPT. 20 NONE SCHEDULED