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Special report by epic research 18th october 2013


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Special report by epic research 18th october 2013

  1. 1. DAILY REPORT 18th OCTOBER. 2013 Global markets at a glance Global markets are upbeat after the US congress passed the debt limit Bill to end the two week long government shutdown. European shares fell on Thursday as market relief at a last-ditch U.S. budget deal gave way to worries over the economic impact of the 16-day govt shutdown. Hong Kong stocks fell 0.57% on Thursday. The Hang Seng Index eased 133.45pts to 23,094.88. Asian shares mostly rose after a bill to reopen the US govt. & raise the country's borrowing limit was finally passed. The S&P 500 closed at a record high on Thursday as investor confidence grew following a last-minute deal to avoid a US default, but weaker-than-expected results from heavyweights IBM and Goldman Sachs pressured the Dow. The S&P 500's intraday record of 1732.92 broke the all-time high set Sep 19. Over 80% of stocks traded on the New York Stock Exchange rose. Wall Street Update The U.S. Congress on Wednesday approved an 11th-hour deal to end partial govt. shutdown and pull the world's biggest economy back from the brink of a historic debt default The deal will fund the govt until 15 Jan and extends the debt ceiling until 7 Feb. The US Senate voted in favor of the deal. Previous day Roundup The market remained very volatile yesterday as selling pressure mounted on. Indian shares fell on Thursday for a second consecutive session, as software services exporter TCS slumped despite posting quarterly earnings that beat estimates as investors booked profits after recent strong gains. The benchmark BSE index dropped 0.67%, marking a second day of falls after hitting on Friday its highest intraday level since Nov 2010. The NSE index ended down 0.82%. About 1215 shares advanced, 1230 shares declined, and 142 shares are unchanged. World Indices Index Value % Change 15,371.65 -0.01 S&P 500 1.733.15 +0.67 NASDAQ EURO STO FTSE 100 3,863.15 3,010.39 6,576.16 +0.62 -0.17 +0.07 Nikkei 225 Hong Kong 14,558.01 23,249.69 -0.17 +0.65 DJl Top Gainers Company CMP Change % Chg JP ASSOCIAT 44.30 2.55 +6.11 BHARTIARTL 349.00 9.90 +2.92 ONGC 281.45 6.25 +2.27 ITC 346.00 6.00 +1.76 BPCL 348.20 5.10 +1.49 CMP Change % Chg 1,078.85 2,099.00 388.45 835.90 374.00 82.30 116.40 19.00 35.80 14.85 -7.09 -5.25 -4.66 -4.11 -3.82 Top Losers Company HCL TECH TCS INDUSINDBK LT TATAMOTORS Stocks at 52 Week’s high Symbol Prev. Close Change %Chg ASTRAL 267.00 8.65 +3.35 INFOTECENT 240.40 15.30 +6.80 MASTEK 171.40 6.85 +4.16 93.20 0.20 +0.22 210.10 0.90 +0.43 Prev. Close Change %Chg 431.50 52.10 3.50 2.70 -0.80 -4.93 CMP Change % Chg 6,045.85 20,415.51 -43.20 -132.11 -0.71 -0.64 NAHARSPRING VMART Index stats Bank Nifty & Bankex both declined 0.71% & 0.64% respectively, the sectors which were in negative move with Nifty in yesterday’s session were; IT [down pts], Power [down 6.99pts], Capital Goods [down 192.52pts], AUTO [down 143.56pts], Healthcare [down 53.41pts], TECK [down 128.03pts], PSU [down 5.58pts], Metals [down 13.12pts], REALTY [down 11.95pts] all traded downward except Consumer Durables [up 99.04pts], FMCG [up 80.06pts], Oil & Gas [up 116.00pts]. YOUR MINTVISORY Stocks at 52 Week’s Low Symbol MYSOREBANK PLETHICO Indian Indices Company NIFTY SENSEX Call us at +91-731-6642300
  2. 2. DAILY REPORT 18th OCTOBER. 2013 EQUITY CASH & FUTURE STOCK RECOMMENDATIONS [FUTURE] 1. JP ASSOCIATES JP ASSOCIATES FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it trades above 45 with volumes. We advise buying above 45 levels with strict stop loss of 43 for the targets of 46-48 levels. 2. BHARTI AIRTEL BHARTI AIRTEL FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it continues to sustain above 350. We advise buying above 350 levels with strict stop loss of 345 for the targets of 354 -358 levels. YOUR MINTVISORY STOCK RECOMMENDATION [CASH] 1. JINDWORLD LTD JINDWORLD LTD is looking strong on charts . We advice buying above 80 with strict stop loss of 77 for the targets of 83-85-88 levels. MACRO NEWS  Axis Bank's net profit surged 21.2 percent year-onyear to Rs 1,362.3 crore in September quarter. Net interest income (NII) rose 26.2 percent to Rs 2,937 crore during July-September quarter from Rs 2,327 crore in a year ago period, which was ahead of forecast.  HCL Technologies September quarter numbers testified to the improved business environment for the sector, with net profit and operating margins exceeding the estimates. Consolidated quarterly net profit stood at Rs 1416 crore, up 14 percent sequentially and up 31.2 percent year-on-year. Consolidated revenues grew 14 percent quarter-on-quarter to Rs 7,961 crore.  The Reserve Bank today said the reserve money for the week ended October 11 stood at Rs 15.65 trillion (lakh crore), posting a year-on-year growth of 10%.  Dumping Financial Technologies could cost MCX-SX Rs 6200 crore in compensation.  Results Today: L&T, Petronet LNG, Info Edge India, VST Industries, Akzo Nobel India, Crisil. Call us at +91-731-6642300
  3. 3. DAILY REPORT FUTURE & OPTION 18th OCTOBER. 2013 MOST ACTIVE PUT OPTION Symbol Option Type Strike Price LTP Traded Volume (Contracts) Open Interest NIFTY PE 6,000 64.40 3,42,284 58,37,500 NIFTY PE 6,100 106.00 3,01,489 31,26,750 NIFTY PE 5,900 37.40 2,69,613 48,47,950 BANK NIFTY PE 10,000 119.35 25,862 3,02,475 TCS PE 2,100 38.00 8,377 3,25,000 AXISBANK PE 1,050 19.00 8,216 5,70,250 INFY PE 3,200 27.55 4,808 4,56,250 RELIANCE PE 880 14.90 3,807 2,09,750 Strike Price LTP Traded Volume (Contracts) STOCKS IN NEWS  JSPL to acquire majority stake in Gujarat NRE Coking Coal.  NMDC's iron ore production up by 5.31% in H1 of FY14.  Vedanta seeks fresh blessing for $3.5 bn India buyout offers.  Steel consumption grows 0.8% in Apr-Sep. period.  Zydus joins hands with Pieris for drug development.  TCS plans to hire 5,000 employees more than initial target NIFTY FUTURE Open Interest MOST ACTIVE CALL OPTION Symbol Option Type NIFTY CE 6,200 32.65 3,95,358 51,88,200 NIFTY CE 6,100 70.20 3,10,870 39,17,450 NIFTY CE 6,300 13.05 2,63,061 46,88,350 BANKNIFTY CE 11,000 50.60 19,066 2,62,625 SBIN CE 1,700 22.55 5,343 5,16,500 RELIANCE CE 900 9.55 6,898 10,76,000 AXISBANK CE 1,100 37.00 10,136 6,43,000 TCS CE 2,200 12.50 8,064 5,36,750 INFY CE 3,400 19.50 9,207 9,73,000 Nifty Future closed in the red in the last trading session. We advise selling around 6100-6125 with strict stop loss of 6150 for the targets of 6050-6020 levels. FII DERIVATIVES STATISTICS BUY SELL OPEN INTEREST AT THE END OF THE DAY No. of Amount in No. of Amount in No. of Contracts Crores Contracts Crores Contracts Amount in Crores NET AMOUNT INDEX FUTURES 61166 1836.35 56111 1680.91 504602 15058.93 155.44 INDEX OPTIONS 487196 14525.89 537237 15977.11 1991867 59934.44 -1451.22 STOCK FUTURES 65119 1830.70 72541 2098.92 983845 27463.69 -268.22 STOCK OPTIONS 45512 1464.65 46334 1492.10 90485 2765.12 -27.45 TOTAL -1591.45 INDICES NIFTY S2 S1 PIVOT R1 R2 5984.85 6015.35 6063.05 6093.55 6141.25 NIFTYJUNIOR 11572.18 11630.06 11721.98 11779.86 11871.78 BANKNIFTY 10200.51 10268.53 10342.36 10410.37 10484.2 YOUR MINTVISORY Call us at +91-731-6642300
  4. 4. DAILY REPORT 18th OCTOBER. 2013 COMMODITY MCX RECOMMENDATIONS SILVER COMMODITY ROUNDUP India copper futures was seen trading negative on Thursday amid weak international cues. MCX copper futures for Nov. delivery was seen trading with a loss of 1.22% at Rs.448.10 per kilogram as of 15.25 IST on Thursday. Earlier, in the global market, copper futures recorded an up-tick and jumped a two week high after US law makers passed an accord on the US debt. Copper for delivery in three months on the London Metal Exchange rose by 0.6% to $7,300 per ton, the highest since October 3 this morning. Copper inventories at LME accredited ware houses fell for 30th straight days to 502,750 tons on Wednesday, the lowest since March 7. Comex Copper futures on electronic trading for December delivery was seen trading with a loss of 1.14% at $3.27 per troy ounce as of 15.56 IST on Thursday. TRADING STRATEGY: BUY SILVER ABOVE 48350 TGTS 48650/48950 SL 47950 SELL SILVER BELOW 47650 TGTS 47350, 47050 SL 48050 GOLD A positive data from the United Kingdom failed to lift the commodity prices in the global market to certain extent. WTI crude oil crude oil for November delivery on NYMEX was seen trading with a loss of 63 cents at $101.66 per barrel as of 14.49 IST on Thursday. Crude oil futures for October delivery on MCX was seen trading with a loss of 1.28% at Rs.6246 per barrel as of 14.42 IST on Thursday. Erasing initial losses, silver prices recovered by 1.60% to Rs 49,434 per kg in futures trading yesterday as speculators creating fresh positions, driven by a firm global trend. At the MCX silver for delivery in March shot up by Rs 780, or 1.60%, to Rs 49,434 per kg in business turnover of 14,519 lots. Silver for delivery in December traded higher by Rs 653, or 1.38%, to Rs 48,025 per kg in 166 lots. Meanwhile, silver advanced 3.6% to $22.17 an ounce in London. Lead prices slide by 0.68% to Rs 131.70 per kg in futures trading yesterday after participants reduced their positions, driven by sluggish demand from battery makers in the spot market. At the MCX lead for delivery in October declined by 90 paise, or 0.68%, to Rs 131.70 per kg in business turnover of 1,400 lots. TRADING STRATEGY: BUY GOLD ABOVE 29680 TGTS 29780/29900 SL 29550 SELL GOLD BELOW 29300 TGTS 29200, 29100 SL 29420 YOUR MINTVISORY Gold at the MCX for delivery in December month recovered by Rs 453, or 1.56%, to Rs 29,401 per ten gram in business turnover of 11,722 lots. the yellow metal for delivery in far-month February moved up by Rs 433, or 1.51%, to Rs 29,101 per ten gram in 260 lots. Gold jumped 0.8% to 1,292.44 dollar an ounce in London. Call us at +91-731-6642300
  5. 5. DAILY REPORT 18th OCTOBER. 2013 NCDEX RECOMMENDATIONS NCDEX INDICES Index Value % Change Barley 1209 -1.10 Castor Seed 3730 +0.57 Chana 3044 -0.26 Chilli 6038 +1.27 Coriander 6470 -2.10 Cotton Seed Oilcake 1508 +1.14 12660 -0.31 Mustard seed 3560 -0.20 Ref Soya Oil 715.5 +1.02 Turmeric CASTORSEED 4560 +1.74 Jeera BUY CASTORSEED NOV ABOVE 3790 TG 3820, 3850 SL 3750 SELL CASTORSEED NOV BELOW 3720 TG 3690, 3660 SL 3760 DHANIYA NCDEX ROUNDUP The govt. yesterday raised minimum support price (MSP) for wheat by Rs 50 to Rs 1,400 per quintal to encourage farmers to cover more area under the crop in the ongoing rabi season. The agriculture ministry had proposed an increase of Rs 100 per quintal to Rs 1,450 per quintal in wheat MSP for the 2014-15 marketing year (April-March). Sugar prices softened by 0.10% to Rs 2,890 per quintal in futures trade yesterday owing to adequate supplies from producing regions. However, festive demand in the spot market restricted the sweetener losses. At the NCDEX, sugar for delivery in November month softened by Rs 3, or 0.10%, to Rs 2,890 per quintal with an open interest of 29,500 lots. The sweetener for delivery in December traded marginally lower by Re 1, or 0.03%, to Rs 2,883 per quintal in 9,940 lots. Chana prices rose by Rs 16 to Rs 3,147 per quintal in futures market yesterday as speculators enlarged their positions, driven by strong demand in the spot market. At the NCDEX chana for delivery in November rose by Rs 16, or 0.51%, to Rs 3,147 per quintal with an open interest of 1,07,960 lots. BUY DHANIYA NOV ABOVE 6830 TG 6860, 6890 SL 6790 SELL DHANIYA NOV BELOW 6650TG 6620, 6590 SL 6690 YOUR MINTVISORY Refined soya oil prices gained 1.12% to Rs 708.45 per 10 kg in futures trade yesterday as speculators enlarged positions, supported by pick up in demand in the spot market against tight supplies. At the NCDEX refined soya oil for delivery in Nov rose by Rs 7.85, or 1.12%, to Rs 708.45 per 10 kg in business turnover of 10,5930 lots. Call us at +91-731-6642300
  6. 6. DAILY REPORT 18th OCTOBER. 2013 CURRENCY RBI Reference Rate Currency Rate Currency Rate Rupee- $ 61.5810 Yen-100 62,5100 Euro 83.4935 GBP 98,5111 USD/INR CURRENCY ROUNDUP The dollar index measuring its value against a basket of currencies slipped 0.6 per cent to 80.30 having earlier set a one-month high on the initial relief that a full-blown crisis had been averted. The Indian rupee rose on Thursday, snapping two days of falls, tracking gains in riskier emerging market assets after the U.S. Congress struck a deal to avert a debt default, although falling domestic shares capped further gains. The partially convertible rupee closed at 61.23/24 per dollar compared with 61.8350/8450 on Tuesday. The unit moved in a range of 61.20 to 61.73 during the sesUSD/INR has closed @61.4000. If it breaks the level of 61.30, it can touch the level of 61.14 & 60.92. If it sustains above the level of 62.30 it can touch the level of 62.59 & 62.89. sion. GBP/INR nomic impact from the more than two-week U.S. govern- The deal failed to buoy the dollar, which fell against a basket of currencies as investors worried about the ecoment shutdown. Gains in other Asian currencies also supported sentiment for the rupee In the currency futures market, the most-traded near-month dollar/rupee contracts on the National Stock Exchange, the MCX-SX and the United Stock Exchange all closed at around 61.36 with total traded volume at $2.05 billion. The dollar's broad losses saw the euro rise 0.2% to $1.35570 and underpinned higher-yielding and growth linked currencies including the Australian and New Zealand dollars near recent highs. The Australian dollar was trading at $0.9550, not far from a four-month high of GBP/INR has closed @98.6850. It breaks the level of 98.25, it can touch the level of 98.05 & 97.71. If it sustains above the level of 99.25 it can touch the level of 99.62 & 100.07. YOUR MINTVISORY $0.9574 struck on Wednesday. With the Fed likely to keep pumping in dollars at $85 billion a month, carry trades. Call us at +91-731-6642300
  7. 7. DAILY REPORT 18th OCTOBER. 2013 CALL REPORT PERFORMANCE UPDATES Date Commodity/ Currency Pairs Contract Strategy Entry Level Target Stop Loss Remark 17/10/13 MCX GOLD OCT. BUY 29110 29210-29310 28980 BOOKED FULL PROFIT 17/10/13 MCX GOLD DEC. SELL 28720 28620-28520 28850 NOT EXECUTED 17/10/13 MCX SILVER OCT. BUY 47600 47900-48200 47200 BOOKED FULL PROFIT 17/10/13 MCX SILVER DEC. SELL 47150 46850-46550 47550 BOKED PROFIT 17/10/13 NCDEX CASTOR SEED NOV. SELL 3680 3650-3620 3720 NOT EXECUTED 17/10/13 NCDEX CASTOR SEED NOV. BUY 3885 3915-3945 3845 NOT EXECUTED 17/10/13 NCDEX DHANIYA NOV. BUY 6880 6910-6940 6840 NOT EXECUTED 17/10/13 NCDEX DHANIYA NOV. SELL 6620 6590-6560 6660 NOT EXECUTED 17/10/13 USD/INR OCT. SELL 61.30 61.14-60.98 NOT EXECUTED 17/10/13 GBP/INR OCT. SELL 98.10 97.70-97.32 NOT EXECUTED 17/10/13 USD/INR OCT. BUY 62.15 62.40-62.59 NOT EXECUTED 17/10/13 GBP/INR OCT. BUY 99.05 99.33-99.62 SL TRIGGERED CASH/ FUTURE/ OPTION Strategy Date Scrip Entry Level Target Stop Loss Remark 17/10/13 NIFTY FUTURE BUY 6100-6125 6150-6180 6080 SL TRIGGERED 17/10/13 JP ASSOCIAT FUTURE BUY 42-42.50 43.80-44.50 41 BOOKED FULL PROFIT 17/10/13 TCS FUTURE BUY 2260 2360-2400 2200 NOT EXECUTED 17/10/13 COMPUAGE INFO CASH BUY 59 62-65 55 SL TRIGGERED US ECONOMIC REPORT FRIDAY, OCT. 18 10 am Philly Fed Oct. 13.0 22.3 Disclaimer 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 understood 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. YOUR MINTVISORY Call us at +91-731-6642300