Special report 20 sep-2013 by epic research


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Special report 20 sep-2013 by epic research

  1. 1. DAILY REPORT 20th SEPT. 2013 YOUR MINTVISORY Call us at +91-731-6642300 Global markets at a glance The Fed move not to make any cuts in its USD 85 billion- monthly bond buying program surprised global markets positively. The indexes in Thailand and the Philippines rose more than 3 percent, and the S.&P./ASX 200 index in Australia rose 1.1 percent. European stock markets also rose early Thursday. The FTSE 100 rose 1.4 percent soon after trading opened in London, and the main indexes in Germany and France rose 1.2 percent. Wall Street Update J.P. Morgan agreed to pay more than $920 million to settle with the SEC, the Office of the Comptroller of the Cur- rency, the Federal Reserve and the U.K.'s Financial Con- duct Authority over a trading blunder that cost the bank more than $6 billion. Previous day Roundup Market cheered the US Federal Reserve’s decision on bond purchases, lifting the Sensex by 684.48 points to a 34month high of 20646.64 on Thursday and The Nifty gained 216.10 points to close at 6115.55. The market is now keenly awaiting the RBI’s monetary policy on Tomor- row. Index stats Bank stocks were the star performers of the day, on hopes that the RBI would ease some of the liquidity curbs it had placed in July to protect the rupee. The Bank Nifty & Bankex both gained 6.71% & 6.78% respectively. All the other sectors also resulted upside closing in yester- day’s session; Consumer Durables [up 93.18pts], , Oil & Gas [up 268.68pts], TECK [up 32.73pts], PSU [up 200.18pts], Metals [up 320.41pts], Capital Goods [up 377.54pts], AUTO [up 315.82pts], Healthcare [up 124.04pts], Power [up 39.18pts] REALTY [up 69.86pts], FMCG [up 220.54pts]. all traded upward except IT which was down by 15.28pts. World Indices Index Value % Change D J l 15,636.55 -0.26 S&P 500 1,722.34 -0.18 NASDAQ 3,789.38 +0.15 EURO STO 2,936.20 +0.94 FTSE 100 6,625.39 +1.01 Nikkei 225 14,771.62 +0.04 Hong Kong 23,502.51 +1.67 Top Gainers Company CMP Change % Chg PNB 556.00 46.85 +9.20 BANKBARODA 579.00 48.40 +9.12 JPASSOCIAT 42.40 3.45 +8.86 KOTAKBANK 772.60 57.75 +8.08 SBIN 1,808.45 134.80 +8.05 Top Losers Company CMP Change % Chg HCLTECH 1,022.00 6.80 -0.66 INFY 3,010.00 7.15 -0.24 COAL INDIA 297.00 0.40 -0.13 Stocks at 52 Week’s high Symbol Prev. Close Change %Chg BRITANNIA 764.00 11.35 +1.51 CRISIL 1,181.00 36.95 +3.23 DENSO 128.00 2.05 +1.63 PGIL 156.15 4.30 +2.83 RCOM 160.40 17.15 +11.97 Top Losers Company CMP Change % Chg NIFTY 6,115.55 +216.10 +3.66 SENSEX 20,646.6 +684.48 +3.43 Stocks at 52 Week’s Low Symbol Prev. Close Change %Chg FIRSTLEASE 17.40 1.90 -9.84 HTMEDIA 83.00 0.30 -0.36
  2. 2. DAILY REPORT 20th SEPT. 2013 YOUR MINTVISORY Call us at +91-731-6642300 STOCK RECOMMENDATIONS [FUTURE] 1. BAJAJ AUTO BUY BAJAJ AUTO FUT ABOVE 2070 TGT 2090/2120 SL 2045 2. CAN BANK BUY CAN BANK FUT ABOVE 251 TGT 254/259 SL 247 STOCK RECOMMENDATION [CASH] 1. CESC BUY CESC CASH ABOVE 335 TGT 339/345 SL 329 MACRO NEWS The government will decide about capital infusion in public sector banks in the next 10-15 days as stability is returning to the market. The RBI will release the next Mid-Quarter Review of Monetary Policy 2013-14 at 11.00 a.m. today. EQUITY CASH & FUTURE CORPORATE ACTION TODAY SCRIP ACTION Rs. Per Share LOKESHMACH DIVIDEND 0.75 NATIONALUM DIVIDEND 0.5 PANORAMUNI DIVIDEND 0.5 KARURKCP DIVIDEND 1 MADHUCON DIVIDEND 0.1 HSIL DIVIDEND 3 RAJTV DIVIDEND 1 GULFOILCOR DIVIDEND 2.2 SUNTECK DIVIDEND 0.18 DRDATSONS DIVIDEND 0.1
  3. 3. DAILY REPORT 20th 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 6,000 30.85 4,51,620 42,99,150 NIFTY PE 6,100 58.10 4,06,358 33,11,650 NIFTY PE 5,900 17.20 3,67,845 42,29,450 BANK NIFTY PE 10,500 50.95 28,794 1,71,550 SBIN PE 1,700 13.10 6,086 1,88,750 AXISBANK PE 1,100 21.10 2,183 2,40,500 RELIANCE PE 880 12.00 3,036 2,03,250 YESBANK PE 300 2.20 2,616 3,56,000 MOST ACTIVE CALL OPTION Symbol Option Type Strike Price LTP Traded Volume (Contracts) Open Interest NIFTY CE 6,200 51.05 6,16,501 41,46,350 NIFTY CE 6,100 100.90 5,64,444 35,54,950 NIFTY CE 6,300 21.70 3,80,239 36,77,750 BANKNIFTY CE 11,500 136.10 36,805 2,22,525 SBIN CE 1,800 60.45 13,544 2,61,125 RELIANCE CE 900 14.20 7,473 7,59,000 YESBANK CE 400 17.10 3,865 2,93,000 JPASSOCIAT CE 45 1.00 4,892 86,52,000 RCOM CE 160 6.15 3,741 17,68,000 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 196750 5945.99 96948 2935.72 513513 15593.75 3010.27 INDEX OPTIONS 831953 24883.37 800187 23789.59 2485338 75708.65 1093.79 STOCK FUTURES 111285 3300.00 148669 4222.51 1026058 29591.73 -922.51 STOCK OPTIONS 53008 1486.99 55493 1550.74 76932 2199.45 -63.75 TOTAL 3117.79 INDICES S2 S1 PIVOT R1 R2 NIFTY 5997.05 6056.3 6099.4 6158.65 6201.75 NIFTYJUNIOR 11211.08 11353.41 11442.33 11584.66 11673.58 STOCKS IN NEWS Tata Sons, Singapore Airlines to form JV; invest $100 million for carrier in India SBI increases base rate to 9.80 per cent, makes loans costlier Odisha prepares draft pact for Jindal's Rs 42K cr CTL project United States follows India on disclosure of CEO- staff pay ratio at companies. NIFTY FUTURE BUY NIFTY ABOVE 6185 TGT 6210/6240 SL 6155
  4. 4. DAILY REPORT 20th SEPT. 2013 YOUR MINTVISORY Call us at +91-731-6642300 RECOMMENDATIONS SILVER TRADING STRATEGY: SELL SILVER DEC BELOW 51400 TGTS 51100,50800 SL 518500 BUY SILVER DEC ABOVE 52300 TGTS 52600,52900 SL 51900 GOLD TRADING STRATEGY: BUY GOLD OCT ABOVE 30850TGTS 30950,31050 SL 30700 SELL GOLD OCT BELOW 30450TGTS 30350,30250 SL 30580 COMMODITY ROUNDUP MCX copper futures for November delivery was seen trad- ing down by 1% at Rs. 463.75 per kilogram as of 16.17 IST yesterday, while Comex copper edged up on Thursday and was seen trading positive supported by the statement from the US federal Reserve . Copper futures for Decem- ber delivery on Globex platform of Comex was seen trad- ing up by 1.83% at $3.34 per pound as of 16.24 IST on Thursday. LME copper for delivery in three months was seen trading up by 1.56% at $7317 per metric ton as of 15.05 IST. India crude oil futures was seen trading down amid appre- ciation of Indian Rupee against US Dollar. However, a slight up-tick on US crude oil prices limited further fall in the commodity prices to certain extent on Thursday. MCX crude oil futures for October delivery was seen trading down by 1.61% at Rs. 6721 per barrel as of 15.29 IST. Ap- preciation of INR against USD was seen pressuring MCX crude oil to certain extent. NYMEX crude oil futures re- corded a slight up-tick on Thursday. A decline US crude oil stock-piles was also seen supporting the crude oil prices on NYMEX. US commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 4.4 mn barrels from the previous week as on September 13. WTI crude oil futures for November delivery on NYMEX was seen trading down by 0.69% at $108.03 per barrel as of 15.56 IST on Thursday. Weak US Dollar was also seen supporting the bullion com- modities to certain extent. India silver futures edged up on Thursday tracking a bullish trend in gold prices in both do- mestic and global markets. Silver futures for December delivery on Globex platform of Comex was seen trading with a gain of $1.45 at $23.03 per troy ounce as of 15.03 IST. MCX silver futures for December delivery was seen trading up by 2.97% at Rs. 51048 per kg as of 14.51 IST . COMMODITY MCX
  5. 5. DAILY REPORT 20th SEPT. 2013 YOUR MINTVISORY Call us at +91-731-6642300 RECOMMENDATIONS CASTORSEED SELL CASTORSEED BELOW 3605 TG 3580,3550 SL 3640 BUY CASTORSEED ABOVE 3630 TG 3660,3700 SL 3590 DHANIYA SELL DHANIYA BELOW 5715 TG 5690,5650 SL 5750 BUY DHANIYA ABOVE 5770 TG 5800,5840 SL 5730 NCDEX ROUNDUP UK wheat imports opened 2013-14 at their fastest pace in at least 22 years, confirming market talk of a lingering taste for foreign supplies which has spurred ideas of par- ticular weakness among domestic prices. Global agricultural subsidies as a share of farm income edged up last year from a record low the previous year, thanks to a dip in commodity prices and increased farm spending by China and others, OECD noted yesterday. As per circular from the finance department from Gujarat as on August 29th,2013, the Government of Gujarat ex- empted Cumin Seed or Jeera fromVAT. Cardamom futures tumbled again on short selling by speculators. Weak export demand amid weak trend in the spices complex added selling. MCX Cardamom for the Oc- tober delivery ended the day at Rs 762, down Rs 6.20 or 0.81%. The average cardamom prices in the auction held at Header Systems (India) Limited, Nedumkandam quoted at Rs 614.96 a kg with the arrivals and offtakes were at 74.23 and 71.04 tonnes respectively. NCDEX NCDEX INDICES Index Value % Change Castor Seed 3526 +0.51 Chana 2997 -1.51 Chilli 4896 -1.96 Coriander 5585 -0.57 Cotton Seed Oilcake 1785 -1.00 Jeera 13167.5 +0.08 Mustard seed 3500 +0.26 Ref Soya Oil 617.5 -0.35 Sugar M Grade 2930 -0.61 Turmeric 4530 -0.96
  6. 6. DAILY REPORT 20th SEPT. 2013 YOUR MINTVISORY Call us at +91-731-6642300 GBP/INR SELL GBP/INR BELOW 99.45 TGT 99.25/99.00 SL 99.65 BUY GBP/INR ABOVE 100.20 TGTS 100.50/101.00 SL 99.90 USD/INR BUY USD/INR ABOVE 62.20 TGT 62.50/63.00 SL 61.90 SELL USD/INR ABOVE 61.50 TGTS 61.30/61.00 SL 61.75 CURRENCY ROUNDUP Currency markets cheered the U.S. Federal Reserve decision to maintain bond buying and opened higher on Thursday as markets across Asia rallied. The local rupee currency under severe pressure against the U.S. dollar and others this year--strengthened. The rupee gained as much as 2.7% to 61.66 against the U.S. dollar. The local currency has fallen as much as 22% against the dollar since the start of May but has gained over the past few weeks but is still down about 13%. The rupee surged 2.6 percent on Thursday, hitting its highest in nearly five weeks, as the U.S. Federal Re- serve's decision not to dial back its easy money policy is expected to provide a reprieve to the Reserve Bank of India (RBI) in its policy making . Bonds rallied with the benchmark 10-year yield falling to 8.14 pct, its lowest since Aug 8. It closed at 8.19 percent, down 18 bps. A resurgence of inflation to a six-month high in Au- gust has muddied waters for the central bank, which has been battling a falling rupee and trying to revive the economy with growth having slumped to a dec- ade low. The dollar dropped a full yen to 98.15, a move that might restrain any rally in Japanese equities. Against a basket of currencies, the dollar shed a full percentage point . CURRENCY RBI Reference Rate Currency Rate Currency Rate Rupee- $ 61.7480 Yen-100 62.7400 Euro 83.5460 GBP 99.5625
  7. 7. DAILY REPORT 20th SEPT. 2013 YOUR MINTVISORY Call us at +91-731-6642300 CALL REPORT Disclaimer US ECONOMIC REPORT PERFORMANCE UPDATES Date Commodity/ Currency Contract Strategy Entry Level Target Stop Loss Remark 19/09/13 MCX GOLD OCT. BUY 30200 30300-30400 30100 BOOKED FULL PROFIT 19/09/13 MCX SILVER DEC. BUY 49950 50250-50550 49450 BOOKED FULL PROFIT 19/09/13 MCX GOLD OCT. SELL 29800 29700-29600 29920 NOT EXECUTED 19/09/13 MCX SILVER DEC. SELL 49200 48900-48600 49600 NOT EXECUTED 19/09/13 NCDEX CASTOR SEED SEP BUY 3610 3640-3680 3570 NO PROFIT NO LOSS 19/09/13 NCDEX CASTOR SEED SEP SELL 3580 3550-3510 3590 BOOKED PROFIT 19/09/13 NCDEX DHANIYA SEP BUY 5820 5850-5890 5780 NOT EXECUTED 19/09/13 NCDEX DHANIYA SEP SELL 5770 5745-5710 5810 BOOKED FULL PROFIT 19/09/13 USD/INR SEP SELL 63.00 62.66-62.20 NOT EXECUTED 19/09/13 GBP/INR SEP SELL 100.30 99.87-99.40 NOT EXECUTED 19/09/13 USD/INR SEP BUY 63.90 64.43-64.67 NOT EXECUTED 19/09/13 GBP/INR SEP BUY 101.60 101.87-102.24 NOT EXECUTED Date Scrip CASH/ FUTURE/ OPTION Strategy Entry Level Target Stop Loss Remark 19/09/13 NIFTY FUTURE BUY 5900-5920 5950-5980 5860 NOT EXECUTED 19/09/13 ORIENTAL BANK FUTURE BUY 173-175 178-181 169 BOOKED FULL PROFIT 19/09/13 YESBANK FUTURE BUY 315-320 325-335 300 NOT EXECUTED 19/09/13 PANACEA BIOTECH CASH BUY 135 139-145 128 BOOKED FULL 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. 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