Special report by epic research 23 october 2013


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Special report by epic research 23 october 2013

  1. 1. DAILY REPORT 23rd OCTOBER. 2013 Global markets at a glance Mixed results on a big day for corporate earnings halted European equity markets near five-year highs on Tuesday. European equities rose to a fresh five-year high on Tuesday in a broad-based rally after a weak U.S. jobs report boosted expectations that the Federal Reserve would keep monetary policy ultra-loose for longer. The FTSEurofirst 300 ended up 0.5 percent at 1,288.06 points, its highest close since June 2008. Asian shares gained yesterday after disappointing U.S. jobs data firmly pushed expectations for the tapering of Federal Reserve stimulus into next year. Wall Street Update U.S. stock index futures were little changed on Tuesday as caution lingered from the previous session ahead of the delayed release of the September payrolls report. Dow Jones Industrial Average futures edged up 2 points to 15,324, S&P500 futures were flat at 1,737 and Nasdaq 100 futures gained a point at 3,355. U.S. S&P 500 E-mini futures were down about 0.1 percent, after the S&P 500 Index closed at a record high in New York on Tuesday. Previous day Roundup The market seemed to be in deep slumber as trading was muted yesterday. The shares edged lower, although remaining within their highest levels in nearly three years. The Sensex ended down 28.92 points at 20864.97 while the Nifty managed to close above 6200 at 6202.80, Nifty down 2.15 points at 6202.80. About 1480 shares have advanced, 1037 shares declined, and 136 shares are unchanged. Index stats Bank Nifty & Bankex both advanced slightly by 0.11% & 0.19% respectively, the sectors which were in positive move with Nifty in yesterday’s session were; Capital Goods [up 96.82pts], TECK [up 19.48pts], PSU [up 41.45pts], IT [up 42.64pts], Metals [up 10.26pts], Healthcare [up 16.87pts], Power [up 27.53pts] traded upward. The sectors declined were: Oil & Gas [down 25.28pts], Consumer Durables [down 51.47pts], REALTY [down 3.05pts], AUTO [down 67.82pts], FMCG [down 5.70pts]. YOUR MINTVISORY World Indices Index Value % Change 15,467.66 +0.49 S&P 500 1,754.67 +0.57 NASDAQ EURO STO FTSE 100 3,929.57 3,045.77 6,695.66 +0.24 +0.57 +0.62 Nikkei 225 Hong Kong 14,749.32 23,456.52 +0.25 +0.60 DJl Top Gainers Company CMP Change % Chg TATAPOWER 82.20 2.20 +2.75 1,113.60 29.50 +2.72 101.95 2.45 +2.48 1,200.00 24.15 +2.05 334.45 6.65 +2.03 CMP Change % Chg 116.25 393.00 2,070.00 875.10 164.50 2.15 5.80 29.80 12.60 2.00 -1.82 -1.45 -1.42 -1.42 -1.20 Prev. Close Change %Chg 522.60 220.85 179.25 143.20 51.95 6.80 2.05 8.75 2.15 2.20 +1.32 +0.94 +5.13 +1.52 +4.42 Prev. Close Change %Chg 82.50 237.00 0.90 12.35 -1.08 +5.50 CMP Change % Chg 6,202.80 20,864.97 -2.15 -28.92 -0.03 -0.14 HCL TECH POWERGRID AXISBANK GAIL Top Losers Company HINDALCO RANBAXY HEROMOTOCO M&M DLF Stocks at 52 Week’s high Symbol ASIANPAINT AUROPHARMA DABUR POLARIS TVSMOTOR Stocks at 52 Week’s Low Symbol FLFL INSECTICID Indian Indices Company NIFTY SENSEX Call us at +91-731-6642300
  2. 2. DAILY REPORT 23rd OCTOBER. 2013 EQUITY CASH & FUTURE STOCK RECOMMENDATIONS [FUTURE] 1. 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 375. We advise buying above 375 levels with strict stop loss of 365 for the targets of 385 -395 levels. 2. BIOCON BIOCON FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it trades above 340 with volumes. We advise buying above 340 levels with strict stop loss of 335 for the targets of 345-350 levels. YOUR MINTVISORY STOCK RECOMMENDATION [CASH] 1. SHALIMAR PAINTS SHALIMAR PAINTS is looking strong on charts . We advise buying above 72 with strict stop loss of 68 for the targets of 76-80 levels. MACRO NEWS  The govt. is monitoring the top 30 NPA accounts in each PSU bank and asked the lenders to set up separate verticals to recover money from written-off accounts.  YES Bank's Q2 (July-Sept) net profit grew 21.2% YoY, better than expected to Rs 371 cr., driven by strong growth in net interest income and other income. Net interest income rose 28.2% to Rs 672 cr. during September quarter from Rs 524.2 cr. in a year ago period.  Coromandel International consolidated net profit fell 32.5 percent year-on-year to Rs 160.1 crore while total income from operations grew 20.2 percent on yearly basis to Rs 3,215 crore in July-September quarter. The growth in total income was attributed to pick up in volume growth on strong Kharif Crop.  Wipro reported a Profit After Tax (PAT) of Rs 1932.1 crore for Q2 versus Rs 1623 crore, up 19% quarter-onquarter. The sales for Q2 were reported at Rs 10,990.7 crore versus Rs 9735 crore QoQ.  Results today: Hero Motocorp, ACC, Amubuja Cements, Emami, Jet Airways, L&T Finance Holdings, Power Grid, SKS MIcrofinance, Raymond, Dish TV, Exide Industries, Escorts, Hindustan Zinc, Indiabulls Housing Finance, Onward Technologies, Piramal Enterprises, Ramco Industries, Ramco Systems, TTK Healthcare. Call us at +91-731-6642300
  3. 3. DAILY REPORT FUTURE & OPTION 23rd OCTOBER. 2013 MOST ACTIVE PUT OPTION Symbol Option Type Strike Price LTP Traded Volume (Contracts) Open Interest NIFTY PE 6,200 57.90 3,02,179 38,19,600 NIFTY PE 6,100 28.75 2,75,255 60,76,950 NIFTY PE 6,000 13.50 2,23,540 49,62,950 BANK NIFTY PE 10,500 96.65 13,183 1,96,825 SBIN PE 1,650 29.95 2,439 1,54,875 YESBANK PE 360 7.35 5,221 3,66,000 AXISBANK PE 1,100 5.20 2,703 5,47,000 RELIANCE PE 900 9.60 2,056 3,42,250 Strike Price LTP Traded Volume (Contracts) STOCKS IN NEWS  Lupin gets USFDA nod for additional strengths of cholesterol drugs.  L&T bags orders worth Rs 1,333 crore in October.  Wockhardt India plant hit by export restrictions.  Tata Teleservices eyes merger with Tata Teleservices Maharashtra.  Reliance Jio gets Unified License to offer all telecom svcs. Open Interest NIFTY FUTURE MOST ACTIVE CALL OPTION Symbol Option Type NIFTY CE 6,300 36.55 3,20,733 51,81,250 NIFTY CE 6,200 83.15 3,04,433 37,74,400 NIFTY CE 6,400 12.20 2,32,726 44,93,300 BANKNIFTY CE 11,000 147.00 31,165 3,43,500 SBIN CE 1,700 35.00 8,976 5,68,000 YESBANK CE 370 17.00 7,180 4,39,500 JPASSOCIAT CE 50 0.90 3,781 36,20,000 INFY CE 3,400 25.00 3,574 8,91,375 WIPRO CE 520 15.15 3,305 13,05,000 Nifty Future closed in the green in the last trading session. We advise buying around 6200-6220 with strict stop loss of 6175 for the targets of 6260-6285. 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 59465 1827.23 56439 1717.63 500802 15343.93 109.60 INDEX OPTIONS 464585 14076.89 485025 14776.05 1963261 60580.69 -699.17 STOCK FUTURES 65778 1941.23 75697 2234.32 1000019 28804.84 -293.09 STOCK OPTIONS 36735 1075.08 36993 1073.67 100883 3101.32 1.42 TOTAL -881.24 INDICES NIFTY S2 S1 PIVOT R1 R2 6163.26 6183.03 6201.56 6221.33 6239.86 NIFTYJUNIOR 11998.41 12049.28 12089.61 12140.48 12180.81 BANK NIFTY 10608.46 10708.78 10808.16 10908.48 11007.86 YOUR MINTVISORY Call us at +91-731-6642300
  4. 4. DAILY REPORT 23rd OCTOBER. 2013 COMMODITY MCX RECOMMENDATIONS SILVER COMMODITY ROUNDUP The Government recently announced an ambitious plan to produce more electricity from renewable sources as a part of its target to add 10 Giga watts of solar energy by 2017 and 20 Giga watts by 2022. BMO revises up 2014 Gold forecast from $1,181 to $1,275/ Oz; Silver from $18 to $21/Oz. At MCX, gold for December delivery was slightly up by 0.06% at Rs 29775 after hitting a high of 29876 per 10 grams. Since last week, gold has been extending an uptrend. The macro-economic backdrop continues to support gold but continued fall in holdings in physically backed gold exchange traded funds continues to cause concern for th bulls. TRADING STRATEGY: BUY SILVER ABOVE 50250 TGTS 50450/50750 SL 49950 SELL SILVER BELOW 49600 TGTS 49400/49100 SL 49900 GOLD Gold prices in first half moved down by 0.11% to Rs 29,496 per 10 gm in futures trade yesterday as participants indulged in trimming their positions, tracking a weak trend in the global market. At the MCX gold for delivery in February next year eased by Rs 33, or 0.11%, to Rs 29,496 per 10 gm in business turnover of one lot. Likewise, the metal for delivery in December shed Rs 11, or 0.04%, to Rs 29,745 per 10 gm in 138 lots. Apart from a weak trend in the overseas markets, profit-booking by speculators also weighed on gold prices at futures trade. Globally, gold traded $3.30, or 0.25%, lower at $1,313.30 an ounce in Singapore yesterday. Gold was nearly unchanged at $1,339.55 an ounce, having risen to a four-week high after the payrolls data. WTI crude oil prices slipped below $100 to $99.36 a barrel at New York Mercantile Exchange while gold gold traded lower for third day awaiting US jobs data. TRADING STRATEGY: BUY GOLD ABOVE 30190 TGTS 30270/30370 SL 30090 SELL GOLD BELOW 30030 TGTS 29950/ 29850 SL 30130 YOUR MINTVISORY Aluminium and zinc inventories fell the most at London Metal Exchange on Tuesday while Nickel was the top gainer while lead inventories remained flat. Aluminium prices yesterday rose marginally by 0.18% in futures trade mostly in line with a firming trend in global markets. Besides, increased demand at domestic spot markets also influenced prices. At the MCX, aluminium for delivery in November rose by 20 paisa, or 0.18%, to Rs 114 per kg in business turnover of 18 lots. In a similar manner, the metal for delivery in October traded higher by 15 paisa, or 0.13%, to Rs 112.10 per kg in 288 lots. Call us at +91-731-6642300
  5. 5. DAILY REPORT 23rd OCTOBER. 2013 NCDEX RECOMMENDATIONS NCDEX INDICES Index Value % Change Barley 1262 -0.39 Castor Seed 3618 +0.22 Chana 3035 +0.63 Chilli 6440 +2.16 Coriander 6608 +0.36 Cotton Seed Oilcake 1508 -1.11 12630 +0.38 Mustard seed 3653 +0.11 Ref Soya Oil 711.4 +0.26 Turmeric CASTORSEED 4794 -0.83 Jeera NCDEX ROUNDUP Government may ban onion exports to check price rise. BUY CASTORSEED NOV ABOVE 3655 TG 3685, 3715 SL 3615 SELL CASTORSEED NOV BELOW 3580 TG 3550, 3520 SL 3620 DHANIYA The cotton crop for the new season beginning this October to be 38.1 million bales (170 kg each). Even though there is a slight decrease in the acreage of cotton planted, good rains and technological developments are enhancing the overall production of cotton. In restricted activity, potato prices moved down by 0.22% to Rs 893 per quintal in futures trade yesterday as speculators offloaded positions on weak demand in the spot market. Adequate stocks position in the physical market following increased supplies from producing regions also put pressure on potato. At the MCX potato for delivery in March declined by Rs 2, or 0.22%, to Rs 893 per quintal in a business turnover of 15 lots. BUY DHANIYA NOV ABOVE 6665 TG 6695, 6725 SL 6625 SELL DHANIYA NOV BELOW 6560TG 6530, 6500 SL 6600 YOUR MINTVISORY Supported by rising demand in the spot markets, chana prices rose by 0.36% to Rs 3,083 per quintal in futures market today as speculators enlarged positions. At the NCDEX, chana for delivery in December rose Rs 11, or 0.36%, to Rs 3,083 per quintal with an open interest of 47,790 lots. In a similar fashion, the commodity for delivery in November gained Rs 9, or 0.30%, to Rs 3,025 in an open interest of 1,02,790 lots. Call us at +91-731-6642300
  6. 6. DAILY REPORT 23rd OCTOBER. 2013 CURRENCY RBI Reference Rate Currency Rate Currency Rate Rupee- $ 61.7800 Yen-100 62.8600 Euro 84.4855 GBP 99.6573 GBP/INR CURRENCY ROUNDUP The dollar pulled back from an eight-month low and shares began cautiously on Tuesday as investors awaited delayed U.S. jobs data, half suspecting that this month's acrimonious budget tussle in Washington will have diluted their value. The dollar .DXY added 0.1 percent against a basket of major currencies in early European trading, as investors saw the opportunity to hedge their bets after the greenback's near six percent drop over the last few months. Indian rupee falls to near 1-week low ahead of U.S. nonfarm payroll data. Rupee ends at 61.655/665 per dlr vs 61.52/53 on Monday. EUR/INR The dollar was slightly lower against its Japanese counterpart at 98.10 yen, and remained under pressure elsewhere. The euro was at $1.3779, just below Tuesday's peak of $1.3792, its strongest since November 2011. The dollar index last stood at 79.249 .DXY, after it fell to its weakest in eight months at 79.182 on Tuesday, and was within sight of its 2013 low of 78.918 touched in February. the dollar wallowed near a two-year low against the euro on Wednesday after disappointing U.S. jobs data EUR/INR has closed @84.3625. If it breaks the level of 84.22, it can touch the level of 84.01 & 83.72. If it sustains above 84.75 it can touch the level of 84.92 & 85.15. The Indian rupee fell to a near one-week low on Tuesday, extending losses for a third session, on month-end dollar demand from importers amid cautious trading ahead of U.S. nonfarm payroll data. A private chemical firm bought around $200 million early in the session and state-run banks bought dollars for meeting the government's defence payments. The partially convertible currency, however, continued to remain supported by foreign fund inflows into local shares. The rupee closed at 61.655/665 per dollar, compared with 61.52/53 on Monday. It fell to 61.83 in session, its lowest since Oct 16. In the offshore non-deliverable forwards, the one-month contract was at 62.14 while the three -month was at 63.13. 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 61.66 with a total traded volume of $1.61 billion. GBP/INR has closed @99.5275. If it breaks the level of 99.35, it can touch the level of 99.11 & 98.75.If it sustains above 100.30 it can touch the level of 100.75 & 100.95. YOUR MINTVISORY Call us at +91-731-6642300
  7. 7. DAILY REPORT 23rd OCTOBER. 2013 CALL REPORT PERFORMANCE UPDATES Date Commodity/ Currency Pairs Contract Strategy Entry Level Target Stop Loss Remark BOOKED FULL PROFIT 22/10/13 MCX GOLD OCT. BUY 29890 29970-30070 29790 22/10/13 MCX GOLD DEC. SELL 29530 29450-29350 29630 NOT EXECUTED 22/10/13 MCX SILVER OCT. BUY 49250 49450-49750 48950 BOOKED FULL PROFIT 22/10/13 MCX SILVER DEC. SELL 48800 48600-48300 49100 BOOKED PROFIT 22/10/13 NCDEX CASTOR SEED NOV. SELL 3570 3540-3510 3610 NOT EXECUTED 22/10/13 NCDEX CASTOR SEED NOV. BUY 3635 3665-3695 3595 NO PROFIT NO LOSS 22/10/13 NCDEX DHANIYA NOV. BUY 6645 6675-6705 SL TRIGGERED 22/10/13 NCDEX DHANIYA NOV. SELL 6540 6510-6480 6605 6580 22/10/13 USD/INR OCT. SELL 61.60 61.48-61.34 NOT EXECUTED 22/10/13 USD/INR OCT. BUY 61.87 62.00-62.24 BOOKED PROFIT 22/10/13 JPY/INR OCT. SELL 62.70 62.55-62.41 NO PROFIT NO LOSS 22/10/13 JPY/INR OCT. BUY 63.00 63.14-63.35 NOT EXECUTED Date Scrip CASH/ FUTURE/ OPTION Strategy Entry Level Target SL TRIGGERED Stop Loss Remark 22/10/13 NIFTY FUTURE BUY 6200-6220 6265-6285 6175 CALL OPEN 22/10/13 LT FUTURE BUY 930 940-950 920 BOOKED PROFIT 22/10/13 ASIANPAINT FUTURE BUY 532 539-545 525 SL TRIGERED 22/10/13 JSW HOLSINGS BUY 472 484-495 460 BOOKED PROFIT CASH US ECONOMIC REPORT TIME (ET) REPORT PERIOD ACTUAL CONSENSUSFORECAST PREVIOUS WEDNESDAY, OCT. 23 8:30 am Import price index Sept. -- 0.0% 10 am FHFA home price index Aug. -- 8.8% y-o-y THURSDAY, OCT. 24 8:30 am Weekly jobless claims 10/19 N/A 358,000 8:58 am Markit flash PMI Oct. -- 52.8 10 am New home sales (possibly delayed) Sept. 427,000 421,00 10 am Job openings Aug. -- 3.7 mln 8:30 am 9:55 am Durable goods orders (possibly delayed) UMich consumer sentiment index 1.7% -- 0.1% 75.2 FRIDAY, OCT. 25 Sept. Oct. 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