Special report by epic reseach 3 october 2013


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Special report by epic reseach 3 october 2013

  1. 1. DAILY REPORT 03rd OCTOBER. 2013 YOUR MINTVISORY Call us at +91-731-6642300 Global markets at a glance European stocks climbed, rebounding from their biggest decline in a month, as investors assessed the impact of a partial shutdown of the U.S. government. U.S. index fu- tures and Asian shares also advanced. Asian stocks rose yesterday, as a report showed confi- dence among large Japanese manufacturers increased be- fore Prime Minister unveils plans for an economic-support package. Key benchmark indices in Japan, South Korea, Taiwan, Indonesia, and Singapore rose 0.08% to 1.4%.China's local markets are shut from today, 1 Septem- ber 2013 till 7 October 2013 for National Day holidays. U.S. S&P futures added 0.1 percent after the cash in- dex .SPX advanced 0.8 percent on Tuesday as investors viewed a pullback over the past week as a buying opportu- nity. U.S. Treasury futures slipped 5-1/2 ticks. Wall Street Update The shutdown will have serious consequences for the economy, including the more than 800,000 federal em- ployees who will be sent home, and will jolt some of the more unusual bits of life in the United States. Previous day Roundup Shares of state-run oil marketing companies (PSU OMCs) fell after announcing revision in fuel prices on Monday. The Sensex and the Nifty rose about 0.8% at the closing session on Tuesday, led by realty, banking, capital goods and auto stocks. The Sensex ended up 143.26 points (0.74 per cent) at 19,523.03 and the Nifty was trading up 50 points (0.87 per cent) at 5,785.30. Index stats Realty index was up 2.69%, followed by Bankex 2.67%, Capital Goods 1.53% and Auto 0.9%. On the other hand, Oil & Gas, Power, Metal and PSU indices lost investors' support and were down 0.62%, 0.59%, 0.3%, 0.18%, re- spectively. September auto sales numbers point to some cheer. Maruti's sales rise 11.7% year-on-year to over 1 lakh units, beating expectations. TVS Motor's sales also rise about 16% Y-o-Y with a big boost coming in from exports. M&M, though bucked the trend, as total sales fell 10.5% but are better-than-expected. General Motors India sales down over 4% in September. General Motors India sales down over 4% in September World Indices Index Value % Change D J l 15,133.14 -0.39 S&P 500 1,693.87 -0.07 NASDAQ 3,815.02 -0.08 EURO STO 2,918.31 -0.50 FTSE 100 6,437.50 -0.35 Nikkei 225 14,174.84 +0.03 Hong Kong 23,182.18 +0.86 Top Gainers Company CMP Change % Chg DLF 137.00 +8.95 +6.99 RANBAXY 349.80 +19.50 +5.90 INDUSIND 385.95 +17.20 +4.66 AXISBANK 1,048.00 +40.15 +3.98 BHEL 141.55 +4.15 +3.02 Top Losers Company CMP Change % Chg TATAPOWER 78.00 3.15 -3.88 SESAGOA 175.00 5.75 -3.18 NTPC 143.60 3.85 -2.61 ONGC 262.00 5.85 -2.18 HUL 616.00 11.45 -1.82 Stocks at 52 Week’s high Symbol Prev. Close Change %Chg ARVINDREM 48.00 2.20 +4.80 AUROPHARMA 209.00 6.65 +3.29 BRITANIA 832.95 10.95 +1.33 INFOTECENT 216.75 3.95 +1.86 IPCALAB 719.00 3.60 +0.50 Indian Indices Company CMP Change % Chg NIFTY 5,780.05 +44.75 +0.78 SENSEX 19,517.15 +137.38 +0.71 Stocks at 52 Week’s Low Symbol Prev. Close Change %Chg BALMLAWRIE 303.00 3.50 -1.14 KIRLOENG 146.00 1.55 -1.05
  2. 2. DAILY REPORT 03rd OCTOBER. 2013 YOUR MINTVISORY Call us at +91-731-6642300 STOCK RECOMMENDATIONS [FUTURE] 1. AUROPHARMA AUROPHARMA is looking strong on charts, long build up has been seen, we may see more upside, if it continues to sus- tain above 210. We advise buying around 209-210 levels with strict stop loss of 205 for targets of 214-218 levels. 2. TATA GLOBAL TATA GLOBAL is looking strong on charts, long build up has been seen, we may see more upside, if it continues to sus- tain above 150. We advise buying around 150-151 levels with strict stop loss of 147 for the targets of 154-155 levels. STOCK RECOMMENDATION [CASH] 1. AMARAJA BATTARIES LTD AMARAJA BATTARIES LTD is looking strong on charts . We advice buying above 315 with strict stop loss of 305 for the targets of 320-330 levels. MACRO NEWS Factory activity in India shrank for a second month in September, albeit not as sharply as in August, on a dearth of new orders which pushed firms to cut staff. The HSBC Manufacturing PMI, compiled by Markit, rose to 49.6 in September from 48.5 in August, but remain- ing below the watershed 50 mark that separates growth from contraction; Manufacturing activity continued to shrink in September. Order flows remain weak, espe- cially export orders, and employment fell. PSU OMCs reduced petrol price by a sharp Rs 3.05 per litre, the first reduction in rates in over five months and raised diesel prices by 50 paisa a liter. The price change by oil companies are excluding local sales tax or VAT and are effective from Tuesday, 1 October 2013. Along- side, oil firms also raised rates of non-subsidized do- mestic cooking gas (LPG). Indian shares are likely to be influenced by the result of a monthly survey on the performance of India's services sector for September 2013 on October 4 (Friday). Inflation for factory workers slips to 10.75 pct in August. TRAI is likely to implement the 12-minute per hour cap on advertisements for non-news TV channels from to- morrow as the deadline. EQUITY CASH & FUTURE
  3. 3. DAILY REPORT 03rd 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 5,700 109.30 1,57,081 45,99,950 NIFTY PE 5,600 61.00 1,44,629 34,53,250 NIFTY PE 5,500 59.20 1,36,757 37,59,100 BANK NIFTY PE 9,000 130.00 13,465 2,24,900 SBIN PE 1,600 59.80 2,824 1,71,500 DLF PE 130 7.15 1,381 1,65,250 RELIANCE PE 820 25.00 1,044 1,80,750 MCDOWELL-N PE 2,500 93.05 1,180 1,11,250 MOST ACTIVE CALL OPTION Symbol Option Type Strike Price LTP Traded Volume (Contracts) Open Interest NIFTY CE 6,000 83.40 1,98,587 37,15,250 NIFTY CE 5,900 126.00 1,44,127 30,10,400 NIFTY CE 6,100 51.50 1,43,997 33,18,050 BANKNIFTY CE 10,000 415.00 12,975 2,12,275 SBIN CE 1,700 53.80 3,580 1,91,500 RELIANCE CE 840 25.75 1,878 4,47,500 DLF CE 150 6.10 2,279 15,92,000 MCDOWELL-N CE 2,600 80.05 2,179 1,02,625 YESBANK CE 300 27.15 1,755 3,86,500 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 44920 1279.05 57153 1631.92 413704 11795.69 -352.87 INDEX OPTIONS 372742 10593.19 375434 10667.62 1603583 46236.92 -74.44 STOCK FUTURES 52267 1368.92 54091 1433.68 896727 24494.58 -64.76 STOCK OPTIONS 20835 513.96 21712 545.48 37490 978.79 -31.51 TOTAL -523.58 INDICES S2 S1 PIVOT R1 R2 NIFTY 5670.31 5725.18 5755.81 5810.68 5841.31 NIFTYJUNIOR 11023.75 11156.85 11226.35 11359.45 11428.95 STOCKS IN NEWS JSW Steel, Marubeni Itochu of Japan to set up steel processing centre for auto drive. Vedanta Resources eyes Kolar mining, may bid for Bharat Gold Mines. NHPC enters into thermal power arena. DHL Express to hike rates by nearly 10% in India from January. Airtel in Africa's top 10 most admired global brands NIFTY FUTURE Nifty Future as expected closed in the green in the last trading session. We advice buying on dips around 5800 -5825 with strict stop loss of 5750 for the targets of 5850-5880 levels.
  4. 4. DAILY REPORT 03rd OCTOBER. 2013 YOUR MINTVISORY Call us at +91-731-6642300 RECOMMENDATIONS SILVER TRADING STRATEGY: BUY SILVER ABOVE 48150 TGTS 48450/48750 SL 47850 SELL SILVER BELOW 47750 TGTS 47450/47150 SL 48150 GOLD TRADING STRATEGY: BUY GOLD ABOVE 29200 TGTS 29300/29400 SL 29080 SELL GOLD BELOW 28880 TGTS 28780/ 28680 SL 29000 COMMODITY ROUNDUP Gold imports into India, the world's biggest buyer of the metal, rose to 7.24 tonnes in over three weeks in Septem- ber, up from 3.38 tonnes in August. Gold prices declined by 0.38% to Rs 29,760 per ten grams in futures trade today as speculators trimmed their positions on weakening global trend. At the Multi Commodity Exchange, gold for delivery in December fell by Rs 114, or 0.38%, to Rs 29,760 per ten grams in business turnover of 1,472 lots. Similarly, gold for delivery in October traded lower by Rs 101, or 0.33%, to Rs 30,324 per ten grams in 355 lots. At 16:28 hrs MCX GOLDGUINEA October contract was trading at Rs 24262 up Rs 11, or 0.05 percent. The GOLDGUINEA rate touched an intraday high of Rs 24280 and an intraday low of Rs 24100. MCX GOLDGUINEA November contract was trading at Rs 24165 up Rs 13, or 0.05 percent. The GOLD- GUINEA rate touched an intraday high of Rs 24185 and an intraday low of Rs 24026. Comex copper futures recorded a down trend amid the United States Government started to shut some of its op- erations in 17 years after US law makers failed to give their consent on a spending bill. However, hopes on immediate solution to the issue limited further decline in the base metal prices to certain extent in the global market. Copper futures for December delivery on Globex platform of Comex was seen trading down by 0.33% at $3.312 per troy ounce as of 16.06 IST on Tuesday. London Metal Exchange (LME) copper for delivery in three months was seen trad- ing down by 0.19% at $7270 a metric ton as of 15.42 IST. In the Euro area (EA17) seasonally-adjusted unemploy- ment rate was 12.0% in August 2013, stable compared with July. The EU28 unemployment rate was 10.9%, also stable compared with July4. Final Markit Euro zone Manu- facturing PMI posts 51.1 in September, unchanged from flash estimates. Recovery remains broad-based, with out- COMMODITY MCX
  5. 5. DAILY REPORT 03rd OCTOBER. 2013 YOUR MINTVISORY Call us at +91-731-6642300 RECOMMENDATIONS CASTORSEED BUY CASTORSEED ABOVE 3560 TG 3590,3620 SL 3520 SELL CASTORSEED BELOW 3500 TG 3470,3440 SL 3530 DHANIYA BUY DHANIYA ABOVE 6055 TG 6085,6115 SL 6005 SELL DHANIYA BELOW 5760 TG 5735,5700 SL 5800 NCDEX ROUNDUP Oil prices eased in the Asian trade today as the US Govern- ment today shut down. India crude oil futures continued its bearish trend. Wheat prices increased on Tuesday on rising domestic de- mand and limited arrivals. Following good demand for flour, interest in dara wheat was firm. The upcoming festi- val season will support wheat prices. November contracts fluctuated sideways and traded at Rs 1,565. Wheat futures have been ruling in a tight-range and market may continue to witness a range-bound movement in the coming days Despite a marginal uptrend in wheat, flour continued to rule firm and quoted at Rs 1,750 a quintal. On the other hand, Chokar moved up by Rs 15 to Rs 1,290 a quintal. The six per cent excess monsoon rainfall, which has boosted reservoir levels across the country, has raised the prospect for good rabi plantings, set to start in the next 10 days. The live storage in these reservoirs is estimated at 130 billion cubic meters (BCM) against the full capacity of 155 BCM. The Government is targeting wheat output of 92.5 mt, almost same as last year. However, with the Gov- ernment planning to step up the production of sorghum to offset the decline in kharif, the rabi area under the coarse cereals may increase. The Government is targeting maize output of 5.5 mt against 6.19 mt achieved last rabi. Similarly, the rice pro- duction target is set at 14 mt, marginally higher than 11.64 achieved last rabi. NCDEX NCDEX INDICES Index Value % Change Barley 1258.5 +0.52 Castor Seed 3531 -1.04 Chana 2888 -0.03 Chilli 5814 +3.97 Coriander 6023 +3.99 Cotton Seed Oilcake 1490 +1.36 Jeera 12867.5 +0.23 Mustard seed 3556 -0.70 Ref Soya Oil 694.9 +1.27 Turmeric 4710 +1.68
  6. 6. DAILY REPORT 03rd OCTOBER. 2013 YOUR MINTVISORY Call us at +91-731-6642300 USD/INR USD/INR has closed @63.0450. If it breaks the level of 62.80, it can touch the level of 62.65 & 62.25. If it sustains above 63.25 it can touch the level of 63.42 & 63.61. EUR/INR EUR/INR has closed @85.4100. If it breaks the level of 85.00, it can touch the level of 84.75 & 84.20.If it sustains above 85.65, it can touch the level of 85.95 & 86.35. CURRENCY ROUNDUP The rupee edged higher against the dollar, with the Indian currency finding support from data showing a lower-than- expected current account deficit in Q1 June 2013. The par- tially convertible rupee was hovering at 62.39, compared with its close of 62.60/61 on Monday. The Indian rupee gained on Tuesday, a day after data showed a lower-than- expected current account deficit, while the dollar fell broadly following the first U.S. government shutdown in 17 years. Data late on Monday showed the current account deficit widened to $21.8 billion in the June quarter from $18.1 billion in the previous quarter, but still came in below economist estimates and is expected to ease further in the coming quarters on the back of falling gold imports and rising merchandise exports. The improvement in the current account deficit is ex- pected to provide a major reprieve to the government and the central bank which have been battling to prop up the rupee. The local currency plummeted as much as 20 per- cent to 68.85 to the dollar in late August. The rupee may trade in a band for now before another bout of dollar buying emerges The partially convertible rupee closed at 62.46/47 per dollar compared with 62.60/61 on Monday after two sessions of losses. Indian markets were closed on Wednesday for a national holiday. Still, a continued uncertainty over the shutdown could weigh on risk assets such as the rupee given that U.S. law- makers face a more critical deadline for global markets in mid-October when the Congress would need to lift the debt ceiling. In the offshore non-deliverable forwards, the one-month contract was at 63.06 while the three-month was at 64.17. In the currency futures market, the most-traded near- month dollar/rupee contracts on the National Stock Ex- change, the MCX-SX and the United Stock Exchange all closed at around 63.02 with a total traded volume of $1.95 billion. CURRENCY RBI Reference Rate Currency Rate Currency Rate Rupee- $ 62.3555 Yen-100 63.5100 Euro 84.5365 GBP 101.2030
  7. 7. DAILY REPORT 03rd 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 01/10/13 MCX GOLD OCT. BUY 30550 30650-30750 30450 NOT EXECUTED 01/10/13 MCX GOLD DEC. SELL 30350 30250-30150 30450 BOOKED FULL PROFIT 01/10/13 MCX SILVER OCT. BUY 49600 49900-50200 49300 NOT EXECUTED 01/10/13 MCX SILVER DEC. SELL 49100 48800-48500 49500 BOOKED FULL PROFIT 01/10/13 NCDEX CASTOR SEED OCT. SELL 3535 3510-3470 3570 BOOKED PROFIT 01/10/13 NCDEX CASTOR SEED OCT. BUY 3575 3600-3640 3530 SL TTRIGGERED 01/10/13 NCDEX DHANIYA OCT. BUY 5835 5860-5900 5800 BOOKED FULL PROFIT 01/10/13 NCDEX DHANIYA OCT. SELL 5760 5735-5700 5800 SL TRIGGERED 01/10/13 USD/INR OCT. SELL 63.00 62.88-62.49 BOOKED PROFIT 01/10/13 EUR/INR OCT. SELL 84.95 84.78-84.20 BOOKED PROFIT 01/10/13 USD/INR OCT. BUY 63.65 63.95-64.25 NOT EXECUTED 01/10/13 EUR/INR OCT. BUY 85.75 86.00-86.35 NOT EXECUTED Date Scrip CASH/ FUTURE/ OPTION Strategy Entry Level Target Stop Loss Remark 01/10/13 NIFTY FUTURE SELL 5800-5825 5750-5720 5880 BOOKED PROFIT 01/10/13 FINANCIAL TECH FUTURE SELL 135-140 125-115 150 CALL OPEN 01/10/13 LT FUTURE SELL 795-800 780-765 820 BOOKED PROFIT 01/10/13 ESS DEE CASH SELL 515 500-475 535 NOT XECUTED 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, OCT. 3 8:30 am Weekly jobless claims 9/28 N/A 305,000 10 am ISM nonmanufacturing Sept. 56.9% 58.6% 10 am Factory orders Aug. 0.3% -2.4% FRIDAY, OCT. 4 8:30 am Nonfarm payrolls Sept. 180,000 169,000 8:30 am Unemployment rate Sept. 7.3% 7.3%