Special report by epic reseach 11 october 2013


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Special report by epic reseach 11 october 2013

  1. 1. DAILY REPORT 11th OCTOBER. 2013 YOUR MINTVISORY Call us at +91-731-6642300 Global markets at a glance European shares rebounded on Thursday on signs of pro- gress in Washington on ending the U.S. fiscal stalemate and averting a possible debt default. Japan's Nikkei share average gained 1.1 percent and hit a one-week high on Thursday, buoyed by hopes that U.S. politicians will resolve the fiscal standoff soon, lifting such exporters as Toyota Motor Corp and Honda Motor Co. The Nikkei closed up at 14,194.71 after touching 14,200.31, its highest since Oct. 3. After consecutive three day losses the US indices re- bounded though it closed on a mixed note. The DJIA gained the most amongst the US indices by 0.18% while the S&P 500 added 0.06 %. However, NASDAQ declined by 0.46%. Wall Street Update The U.S. government is in its 10th day of a partial shut- down and has a week before the government’s borrowing authority lapses on Oct. 17. House Republican and Senate Democratic leaders are open to a short-term increase in the $16.7 trillion debt limit. U.S. stock-index futures climbed, indicating the Standard & Poor’s 500 Index will rise for a second day, amid signs the nation’s lawmakers may agree on a compromise deal to avoid a debt default. Contracts on the Dow Jones Indus- trial Average increased 110 points, or 0.8%, to 14,838 yes- terday. Previous day Roundup After a volatile session, the Nifty managed to hold 6000 till the end. The Nifty closed up 13.50 points at 6020.95 while Sensex was up 23.65 points at 20272.91. About 1404 shares have advanced, 1008 shares declined, and 152 shares are unchanged. Index stats Bank Nifty & Bankex both declined 0.45% & 0.39% respec- tively, the sectors which were in positive move in yester- day’s session were; Consumer Durables [up 2.93pts], Capi- tal Goods [up 14.99pts], AUTO [up 223.95pts], Healthcare [up 35.83pts], IT [up 36.25pts], Power [up 4.82pts], REALTY [up 3.96pts], TECK [up 13.62pts], PSU [up 18.50pts], Met- als [up 43.02pts], except Oil & Gas [down 7.75pts], FMCG [down pts]. World Indices Index Value % Change D J l 15,126.07 +2.18 S&P 500 1,692.56 +2.18 NASDAQ 3,760.75 +2.26 EURO STO 2,969.41 +2.23 FTSE 100 6,430.49 +1.46 Nikkei 225 14,381.11 +1.31 Hong Kong 23,219.22 +1.17 Top Gainers Company CMP Change % Chg TATAMOTORS 373.85 19.65 +5.55 RANBAXY 393.15 12.65 +3.32 NMDC 131.35 4.20 +3.30 LUPIN 939.00 24.50 +2.68 GRASIM 2,760.80 55.90 +2.07 Top Losers Company CMP Change % Chg TATAPOWER 83.50 2.35 -2.74 HINDALCO 116.75 2.85 -2.38 KOTAKBANK 707.10 11.70 -1.63 HINDUNILVR 601.15 9.05 -1.48 BAJAJ-AUTO 2,122.00 31.90 -1.48 Stocks at 52 Week’s high Symbol Prev. Close Change %Chg AMARAJABAT 310.45 7.55 -2.37 HCL TECH 1,118.50 6.70 +0.60 IDEA 183.60 1.25 +0.69 IPCALAB 731.00 19.90 +2.80 LUPIN 939.00 24.50 +2.68 Indian Indices Company CMP Change % Chg NIFTY 6,020.95 +13.50 +0.22 SENSEX 20,272.91 +23.65 +0.12 Stocks at 52 Week’s Low Symbol Prev. Close Change %Chg FLFL 97.85 5.10 -4.95 GLOBOFFS 45.00 1.70 -3.64
  2. 2. DAILY REPORT 11th OCTOBER. 2013 YOUR MINTVISORY Call us at +91-731-6642300 STOCK RECOMMENDATIONS [FUTURE] 1. HAVELLS HAVELLS FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it continues to sustain above 705. We advise buying above 705 levels with strict stop loss of 690 for the targets of 720-745 levels. 2. TATA MOTORS TATA MOTORS FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it con- tinues to sustain above 375. We advise buying around 370- 375 levels with strict stop loss of 360 for the targets of 390- 400 levels. STOCK RECOMMENDATION [CASH] 1. NATCO PHARMA LTD NATCO PHARMA LTD is looking strong on charts . We advise buying above 685 with strict stop loss of 660 for the tar- gets of 910-935 levels. MACRO NEWS INFOSYS Q2 Result is to be announced today. August IIP Numbers will be declared today. INFLATION: CPI & WPI - Both sets of figures will be re- leased late on Monday 14 October. The Fed announced that it won’t release the September gauge of manufacturing, utility and mining output as scheduled on Oct. 17. Instead, it will delay the report until after the government reopens. Thursday’s import price report, Friday’s producer price index, the con- sumer price index scheduled for Oct. 16, and last week’s September jobs report have all been delayed. Alterna- tive dates have not been set. The Commerce Depart- ment has also delayed all reports, including this week’s trade data. IMF -Cuts India's FY14 GDP growth forecast to 3.8 per- cent from 5.6 percent in July Govt. revisiting policy that allows infra developers to exit highway projects by divesting their entire stake, decision prompted by complaints about confusion over taxation issues that could arise such transactions. EQUITY CASH & FUTURE
  3. 3. DAILY REPORT 11th OCTOBER. 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 56.00 1,81,307 47,82,900 NIFTY PE 5,900 79.00 1,69,119 38,60,550 NIFTY PE 6,000 110.05 1,33,328 31,44,500 BANK NIFTY PE 9,500 113.90 9,232 3,78,275 SBIN PE 1,600 49.95 2,580 2,55625 INFY PE 2,600 22.20 20,982 13,40,500 INFY PE 2,700 38.00 18,370 8,17,125 INFY PE 2,800 58.00 17,809 7,87,625 MOST ACTIVE CALL OPTION Symbol Option Type Strike Price LTP Traded Volume (Contracts) Open Interest NIFTY CE 6,200 78.95 2,59,884 34,72,300 NIFTY CE 6,300 46.20 2,03,162 41,49,350 NIFTY CE 6,100 123.05 1,85,752 52,88,600 BANKNIFTY CE 10,500 323.90 12,445 1,83,425 SBIN CE 1,700 42.50 4,223 3,71,125 SBIN CE 1,650 62.50 3,082 2,47,375 INFY CE 3,500 45.00 23,811 12,62,875 INFY CE 3,400 73.45 20,327 10,36,125 MCDOWELL CE 2,600 92.50 3,331 1,04,625 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 80583 2407.76 64206 1901.58 413695 12252.40 506.19 INDEX OPTIONS 389743 11578.15 371869 11019.66 1949262 58419.41 558.49 STOCK FUTURES 52568 1441.97 58512 1674.91 959183 27182.48 -232.95 STOCK OPTIONS 39955 1265.52 38809 1225.86 75138 2207.23 39.66 TOTAL +871.39 INDICES S2 S1 PIVOT R1 R2 NIFTY 5957.41 5989.18 6011.56 6043.33 6065.71 NIFTYJUNIOR 11700.3 11754.6 11793.9 11848.2 11887.5 STOCKS IN NEWS Cairn, ONGC likely to hike Rajasthan production. Hero MotoCorp unveils 15 new products. IOB slashes interest rates by 2% on consumer durable loans. RPower appeals to CERC for tariff hike from Tilaiya UMPP. JSW crude steel production up by 37% in Q2. Rating downgrade of desalination plant may derail IVRCL’s exit plan. NIFTY FUTURE Nifty Future closed in the green in the last trading session. We advice buying on dips around 6000 with strict stop loss of 5950 for the targets of 6075-6095 levels.
  4. 4. DAILY REPORT 11th OCTOBER. 2013 YOUR MINTVISORY Call us at +91-731-6642300 RECOMMENDATIONS SILVER TRADING STRATEGY: BUY SILVER ABOVE 48950 TGTS 49250/49550 SL 47850 SELL SILVER BELOW 47750 TGTS 47450/47150 SL 48150 GOLD TRADING STRATEGY: BUY GOLD ABOVE 29250TGTS 29350/29450 SL 29130 SELL GOLD BELOW 28700 TGTS 28600/ 228500 SL 28820 COMMODITY ROUNDUP Crude oil rose to USD 110 per barrel on Thursday as the kidnapping of Libya's prime minister delayed the prospect of a further recovery in production from the North African nation. The Energy Information Administration (EIA) re- ported that the US crude stockpiles rose 6.8 million barrels during the week ended October 4, surpassing analysts' ex- pectation for a rise of 2.2 million barrels. Additionally, min- utes from the latest FOMC meeting highlighted policymak- ers' willingness to start tapering the size of the central bank's stimulus package by the year end weighed on de- mand for oil in the previous session. Indian silver imports are on pace to hit a record high this year as the wedding and festival season drives up buying of the precious metal instead of the traditional gold, made scarcer and dearer by official measures aimed at cutting the trade gap. The fall in the yellow metal (Gold) prices is attributed to greenback gaining ground against major peers after min- utes from the FOMC minutes showed that majority of the policymakers favored to start tapering the Fed's stimulus measures by the end of 2013. Further more, negative sen- timent was also fuelled after an official report showed de- cline in purchase of gold and silver in Gold?s largest con- sumer India which amounted to $800 million in September compared with $4.6 billion a year earlier. Tracking a weak trend in the global market, India gold fu- tures edged down on Thursday and was seen trading bear- ish. Depreciation of Indian Rupee (INR) against US Dollar (USD) may have limited further decline in MCX gold prices. INR was seen touching 61.97 against USD, a depreciation of 0.19% against USD as of 15.36 IST on Thursday. MCX gold futures for December delivery was seen trading down by 0.47% at Rs.29166 per 10 grams as of 15.28 IST on Thursday. COMMODITY MCX
  5. 5. DAILY REPORT 11th OCTOBER. 2013 YOUR MINTVISORY Call us at +91-731-6642300 RECOMMENDATIONS CASTORSEED BUY CASTORSEED ABOVE 3670 TG 3700,3730 SL 3630 SELL CASTORSEED BELOW 3500 TG 3470, 3440 SL 3550 DHANIYA BUY DHANIYA ABOVE 6750 TG 6780,6810 SL 6710 SELL DHANIYA BELOW 6550 TG 6520,6490 SL 6590 NCDEX ROUNDUP The rubber prices have dropped to Rs 167.50 per kg now. Though the price of the main raw material has come down it has not been reflected in the end product prices. India is literally out of the global pepper mart as it cur- rently offers the highest price along with Indonesia. Gen- eral shortfall in supply lead to the sharp increase in prices. Both India and Indonesia now offer US $7,450/tonne for ASTA grade pepper. Business is brisk only in Brazil since that country offers the lowest tags across the global mar- kets. India is only likely to export about 1,000 tonnes in September which is also because gains reaped from dollar appreciation. According to leading exporters, exports from India were weak in the current financial year on higher prices, poop supply conditions and quality related issues. Coriander prices rose by 2.99% to Rs 6,814 per quintal in futures trade today as speculators enlarged their positions, supported by rising demand in the spot markets against restricted arrivals. At the National Commodity and Deriva- tive Exchange, coriander for November delivery gained Rs 198, or 2.99%, to Rs 6,814 per quintal with an open inter- est of 20,420 lotsSimilarly, the spice for delivery in October traded higher by Rs 192, or 2.99%, to Rs 6,612 per quintal, with an open interest of 7,000 lots. Faced with liquidity crunch, the Fertilizer Ministry has sought additional Rs 35,000 crore funds towards subsidy payment to companies and also fears closure of two state- NCDEX NCDEX INDICES Index Value % Change Barley 1204 -0.45 Castor Seed 3600 +1.41 Chana 2995 +0.10 Chilli 5880 +0.72 Coriander 6687 +4.00 Cotton Seed Oilcake 1522 +1.13 Jeera 12647.5 -1.00 Mustard seed 3528 -0.45 Ref Soya Oil 709.1 +1.51 Turmeric 4668 -2.42
  6. 6. DAILY REPORT 11th OCTOBER. 2013 YOUR MINTVISORY Call us at +91-731-6642300 JPY/INR JPY/INR has closed @63.0725. If it breaks the level of 62.90, it can touch the level of 62.68 & 62.33. If it sustains above the level of 64.15, it can touch the level of 64.50 & 64.90. EUR/INR EUR/INR has closed @83.4625. If it breaks level of 83.25, it can touch the level of 83.02 & 82.71. If it sustains above the level of 84.85 it can touch the level of 85.15 & 85.62. CURRENCY ROUNDUP The Rupee gave a weaker opening today as well taking cues from dollar strength. The local currency weakened to 62.28 in early trade after opening at 62.19 today. In spite of encouraging trade data release, the Rupee has weakened taking cues from the Asian counter parts and developments on the US political standoff as DXY index surged to 80.59 levels. Also the government has dis- agreed with the International Monetary Fund (IMF)'s projection of India's economy with 4.25 per cent growth in 2013-14. The 17-nation currency broke its two day gaining ses- sion amid improvements on the US government stale- mate and on FOMC minutes. Better data from the re- gion was overshadowed by the US. The pair closed the session at 1.3518 levels while posting a intraday low of 1.3486. The Sterling lost steam against the greenback led by dis- mal data releases from the domestic economy. The pair ended the session on a negative note closing at 1.5955 while posting a three week low of 1.5916.The royal cur- rency was hammered after the industrial production in the nation declined 1.5% (YoY) in August, defying mar- ket expectation for a 0.6% drop. The U.K. industrial production unexpectedly fell by the most in almost a year, casting doubt on the strength of the third-quarter recovery. The pair further declined after the nation's manufacturing production unexpect- edly fell 0.2% (YoY) during August, compared to a 0.3% drop registered in the preceding month. Also, the NIESR GDP estimate of UK rose just 0.8% during the three month ended to September, compared to a 0.9% rise reported in the preceding three months. CURRENCY RBI Reference Rate Currency Rate Currency Rate Rupee- $ 62.1383 Yen-100 63.5800 Euro 83.8725 GBP 99.0236
  7. 7. DAILY REPORT 11th OCTOBER. 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 10/10/13 MCX GOLD OCT. BUY 29450 29550-29650 29330 NOT EXECUTED 10/10/13 MCX GOLD DEC. SELL 29050 28950-28850 29150 BOOKED FULL PROFIT 10/10/13 MCX SILVER OCT. BUY 49550 49850-50150 49150 NOT EXECUTED 10/10/13 MCX SILVER DEC. SELL 48800 48500-48200 49200 BOOKED FULL PROFIT 10/10/13 NCDEX CASTOR SEED OCT. SELL 3500 3470-3440 3550 NOT EXECUTED 10/10/13 NCDEX CASTOR SEED OCT. BUY 3600 3630-3660 3560 BOOKED PROFIT 10/10/13 NCDEX DHANIYA OCT. BUY 6485 6515-6545 6445 BOOKED FULL PROFIT 10/10/13 NCDEX DHANIYA OCT. SELL 6385 6355-6325 6425 BOOKED PROFIT 10/10/13 GBP/INR OCT. SELL 98.95 98.78-98.40 BOOKED FULL PROFIT 10/10/13 EUR/INR OCT. SELL 83.85 83.60-83.02 BOOKED PROFIT 10/10/13 GBP/INR OCT. BUY 100.95 101.45-101.85 NOT EXECUTED 10/10/13 EUR/INR OCT. BUY 85.00 85.35-85.62 NOT EXECUTED Date Scrip CASH/ FUTURE/ Strategy Entry Level Target Stop Loss Remark 10/10/13 NIFTY FUTURE BUY 5980- 6000 6075-6095 5950 BOOKED PROFIT 10/10/13 RCOM FUTURE BUY 154-155 157-159 152 SL TRIGGERED 10/10/13 ICICIBANK FUTURE BUY 950-960 980-990 920 CALL OPEN 10/10/13 REPRO INDIA CASH BUY 148 152-158 141 BOOKED PROFIT 09/10/13 AXIS BANK FUTURE SELL 1080- 1070 1050-1025 1100 CALL OPEN 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 FRIDAY, OCT. 11 8:30 am Retail sales* Sept. 0.2% 0.2% 8:30 am Retail sales ex-autos* Sept. 0.4% 0.1% 8:30 am Producer price index* Sept 0.2% 0.3% 8:30 am Core PPI* Sept. 0.1% 0.0% 9:55 am UMich consumer sentiment index Oct. 78.2 77.5 10 am Business inventories* Aug. 0.3% 0.4%