Special report by epic reseach 2 september 2013


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Special report by epic reseach 2 september 2013

  1. 1. DAILY REPORT 2nd SEPT. 2013 YOUR MINTVISORY Call us at +91-731-6642300 Global markets at a glance Asian markets mostly rose on Friday following upbeat US economic growth data and easing concerns about an im- minent strike on Syria although gains were capped by mild profit-taking following the previous day's gains. Shanghai ended flat, edging up 1.16 points to 2,098.38, while Hong Kong closed up 0.12 percent, or 26.59 points at 21,731.37. Today Asian Markets are trading positive. U.S. stocks fell on Friday after the U.S. government laid out a case to launch limited military strikes against Syria. At the close of U.S. trading, the Dow Jones Industrial Aver- age finished down 0.21%, the S&P 500 index fell 0.32%, while the Nasdaq Composite index fell 0.84%. Wall Street Update A sharp decline in the Indian rupee, which has fallen by around 20% against the U.S. dollar since the start of this year, has worsened the outlook for India’s economic and financial health. A slowing economy typically hits smaller companies the most, because they don’t have enough fi- nancial resources to get through a downturn. In compari- son, large companies often have huge pools of cash and access to bank lending, and can continue to grow during slowdowns. Previous day Roundup The Sensex ends up 218.68 points or 1.19 percent at 18619.72, and the Nifty ends at 5471.80, up 62.75 points. About 1146 shares have advanced, 1061 shares declined, and 185 shares are unchanged. Index stats Both Bankex and Bank Nifty gained 1.59% & 1.62% respec- tively. Although Excluding Metals [down 162.96] and Capi- tal Goods [down 11.06] all sectors closed on a upside note. Consumer Durables [up 104.81pts], Oil & Gas [up 54.79pts] , PSU [up 30.22pts]. FMCG [up 95.96 pts], TECK [up 63.46 pts], Healthcare [up 140.58 pts], IT [up 122.13pts]. World Indices Index Value % Change D J l 14,810.31 -0.21 S&P 500 1,632.97 -0.32 NASDAQ 3,589.87 -0.84 EURO STO 2,721.37 -1.34 FTSE 100 6,412.93 -1.08 Nikkei 225 13,513.61 +0.71 Hong Kong 21,948.72 +1.67 Top Gainers Company CMP Change % Chg BAJAJ-AUTO 1,832.00 91.55 5.26 CIPLA 417.75 20.10 5.05 TCS 2,030.00 82.90 4.26 Top Losers Company CMP Change % Chg JINDALSTEL 221.05 -22.45 -9.22 GRASIM 2,229.00 -72.65 -3.16 RANBAXY 407.00 -11.00 -2.63 TATASTEEL 271.30 -7.05 -2.53 HINDALCO 104.50 -2.60 -2.43 Stocks at 52 Week’s high Symbol Prev. Close Change %Chg BOCON 351.00 1.45 0.41 CMAHENDRACY 174.80 5.45 3.22 HCL TECH 1,044.90 27.25 2.68 HEROMOTOCO 2,009.95 36.65 1.86 Top Losers Company CMP Change % Chg NIFTY 5,471.80 62.75 +1.16 SENSEX 18,619.72 218.68 +1.19 Stocks at 52 Week’s Low Symbol Prev. Close Change %Chg ADANIENT 140.15 -10.65 -7.06 COAL INDIA 254.30 4.00 1.60 CUB 39.90 -0.65 -1.60 FINANTECH 114.00 -27.40 -19.38
  2. 2. DAILY REPORT 2nd SEPT. 2013 YOUR MINTVISORY Call us at +91-731-6642300 STOCK RECOMMENDATIONS [FUTURE] 1. HIND UNILEVER HIND UNILEVER is looking strong on charts and long build up has been seen in this stock, we may see more upside in this stock if it continues to sustain above 625levels. We ad- vise buying around 620-625 levels with strict stop loss of 615 for the targets of 635- 650 levels. 2. CIPLA CIPLA is looking strong on charts and long build up has been seen in this stock, we may see more upside in this stock if it continues to sustain above 410 levels. We advise buying around 415-418 levels with strict stop loss of 410 for the targets of 425-430 levels. STOCK RECOMMENDATION [CASH] 1. AMBUJA CEMENT AMBUJA CEMENT is looking strong on charts . We advise buying above 172 with strict stop loss of 168 for the targets of 175-178 levels. MACRO NEWS India is set to make a big splash for the first time at the China-Eurasia Expo being held in Xinjiang province from next week, showcasing its business strengths in areas such as IT, Banking and heavy machinery. India is set to make a big splash for the first time at the China-Eurasia Expo being held in Xinjiang province from next week, showcasing its business strengths in areas such as IT, Banking and heavy machinery. Petrol price hiked by Rs 2.35 per litre, diesel by 50 paise. EQUITY CASH & FUTURE CORPORATE ACTION TODAY SCRIP ACTION Rs. Per Share VAKRANSOFT DIVIDEND 0.2 GUFICBIO DIVIDEND 0.05 ASTEC DIVIDEND 0.7
  3. 3. DAILY REPORT 2nd 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 5,200 75.00 2,87,769 44,27,700 NIFTY PE 5,300 98.00 2,61,632 65,02,800 NIFTY PE 5,400 127.75 2,25,588 38,77,350 BANK NIFTY PE 8,000 86.00 11,481 23,226.58 SBIN PE 1,400 33.00 3,396 2,09,250 RELIANCE PE 820 18.50 2,192 1,33,750 INFY PE 3,000 55.00 1,961 1,28,750 MOST ACTIVE CALL OPTION Symbol Option Type Strike Price LTP Traded Volume (Contracts) Open Interest NIFTY CE 5,500 125.40 3,28,907 33,49,150 NIFTY CE 5,600 81.00 3,24,316 29,57,350 NIFTY CE 5,700 46.70 2,53,633 29,81,550 BANKNIFTY CE 10,000 84.00 13,410 1,69,625 SBIN CE 1,600 42.55 5,492 3,03,750 AXIS BANK CE 900 37.60 3,814 3,61,750 RELIANCE CE 860 27.50 3,845 1,44,500 SBIN CE 1,500 85.00 3,473 1,21,375 JPASSOCIAT CE 40 1.00 3,798 58,92,000 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 121829 3238.78 127417 3393.91 382465 9995.87 -155.12 INDEX OPTIONS 681888 17886.66 640157 16861.54 1621631 44258.00 1025.12 STOCK FUTURES 167030 4009.18 148339 3552.03 995231 25168.59 457.15 STOCK OPTIONS 24587 592.70 24116 574.72 21872 610.10 17.97 TOTAL 1345.12 INDICES S2 S1 PIVOT R1 R2 NIFTY 5308.66 5390.23 5441.76 5523.33 5574.86 NIFTYJUNIOR 10269.93 10382.16 10463.43 10575.66 10656.93 STOCKS IN NEWS  Gitanjali Gems seeks Rs 1,000 crore more in loans from banks.  Indian Bank has revised its interest rates on foreign currency non-resident (Banking) term deposits with immediate effect.  Bharti Airtel emerges as frontrunner to acquire Loop Mobile. NIFTY FUTURE Nifty Future as expected closed in the green in the last trading session. We advise buying on dips around 5420 -5440 with strict stop loss of 5375 for the targets of 5490-5550 levels.
  4. 4. DAILY REPORT 2nd SEPT. 2013 YOUR MINTVISORY Call us at +91-731-6642300 SILVER TRADING STRATEGY: SELL SILVER BELOW 53400 TGTS 53230 /52950 SL 53700 GOLD TRADING STRATEGY: BUY GOLD ABOVE 33280 TGTS 33350/33470 SL 33180 SELL GOLD BELOW 32750 TGTS 32680/32580 SL 32850 COMMODITY ROUNDUP Gold fell, trimming a fourth weekly gain, after better-than- expected U.S. economic data backed the case for the Fed- eral Reserve to slow stimulus just as tensions over Syria eased, with U.K. lawmakers rejecting military action. U.S. President Barack Obama is still prepared to proceed with a limited military strike on Syria even without U.K. support or an endorsement from UN Security Council Copper was poised for the biggest monthly advance since September as economic reports from Japan to the U.S. signaled the global recovery is strengthening and pros- pects of an imminent strike against Syria eased. Japan’s consumer prices rose in July at the fastest pace since 2008, jobless rate fell and industrial production increased. The U.S. economy grew more than forecast last quarter. Concern conflict with Syria will disrupt Middle East oil sup- plies eased as U.K. Prime Minister David Cameron failed to gain parliamentary backing for military action. The global oil market is adequately supplied and doesn’t require the release of emergency stockpiles, according to the International Energy Agency. Spot gold prices declined around 0.9 percent on the back of weak global market sen- timents. However, sharp downside in prices was capped as result of rise in SPDR gold holdings coupled with weakness in the US Dollar Index (DX). In the Indian markets, appre- ciation in the Rupee exerted downside in prices on the MCX. Mentha oil gained 1.04%. November contract rose to a high of 9702 Rs/kg. Recovery in Indian rupee witnessed downtrend in Indian commodities. Lead August has fallen 3.46% to 143.96 Rs/kg as of 05.04 pm IST. Profit booking was seen for Lead at higher levels. September has fallen to 3.24% to 143.30. Nickel August has fallen 3.50% to 925 Rs/ kg. For Gold June, support is now seen at 910, 900 and re- sistance at 945 & 960. COMMODITY MCX
  5. 5. DAILY REPORT 2nd SEPT. 2013 YOUR MINTVISORY Call us at +91-731-6642300 RECOMMENDATIONS CASTORSEED BUY CASTORSEED SEP ABOVE 3620 TG 3645,3690 SL 3570 SELL CASTORSEED SEP BELOW 3500 TG 3475,3440 SL 3550 DHANIYA BUY DHANIYA SEP ABOVE 5775 TG 5800,5850 SL 5730 SELL DHANIYA SEP BELOW 5730 TG 5700,5660 SL 5780 NCDEX ROUNDUP India’s total sown area for Kharif, according to the reports received from various states, stands at 1003.82 lakh hec- tare as compared to 939.61 hectare at this time last year. Soybean prices (November) on Chicago Board of Trade (CBOT) declined on Friday as a result of profit booking. However, the futures have risen 13.1 percent in August, the biggest ever monthly jump. Soybean August has fallen to 2.93% to 3465 Rs/qtl. India has sold 350,000 to 400,000 tons of new-crop soy- meal for shipment between October and December on expectations on higher production and significant depre- ciation in INR, as per media reports. On Friday’s session Chana gained 1.75%. The September contract rose to a high of 3086 Rs/qtl. Wheat and Gur were also in the gainer’s list. Chana October rose 0.99% to 3156 Rs/qtl. Weak sowing prospects on current year along with strong export demand in local spot markets impacted chana prices. Wheat September rose to 0.32% to 1580 Rs/ qtl as of 04.45 pm IST. Guar gum November has declined 3.18% to 5180 Rs/qtl. Lack of fresh overseas demand as well as huge carryover stocks in key spot markets weighed on guar futures. December declined 2.25% to 5210 Rs/qtl. Castor seed September has fallen 2.80% to 3544 Rs/qtl. NCDEX NCDEX INDICES Index Value % Change Castor Seed 3596 +1.24 Chana 3195 +1.85 Chilli 5808 +3.64 Coriander 5765 +2.95 Cotton Seed Oilcake 1829 -0.44 Jeera 13780 +2.70 Mustard seed 3538 +1.73 Ref Soya Oil 703.8 -0.31 Sugar M Grade 3004 +0.30 Turmeric 5232 +4.02
  6. 6. DAILY REPORT 2nd SEPT. 2013 YOUR MINTVISORY Call us at +91-731-6642300 USD/INR USD/INR has closed at the level of @66.7275. If it breaks below the level of @66.40, it can touch the level of 65.58 and 64.59. IF it sustains above the level of @68.00, it can touch the level of @68.91 and @69.50. EUR/INR EUR/INR (NSE/MCX-SX) has closed @87.85. If it breaks the level of 87.85, it can touch the level of 86.71 and 85.41. If it sustains above the level of 90.15, it can touch the level of 91.07 and 92.14. CURRENCY ROUNDUP Indian rupee fell by 45 paisa to 67 against the dollar in opening trade Friday after sharp recovery in previous ses- sion, but later it gained for a second straight session on Friday as aggressive central bank intervention and positive local and regional cues helped. The partially convertible rupee closed at 65.70/71 per dollar, up 1.3 percent on the day. It had closed at 66.55/56 on Thursday, after gaining 3.5 percent, in its biggest single-day gain in 15-1/2 years. The rupee recovered to session highs because of the Re- serve Bank of India (RBI) steps up dollar sales to prevent the currency from falling towards recent record low. The RBI likely sold dollars via state-run banks starting at around 67.20 rupee levels. On the week, the rupee declined 3.8 percent, its worst weekly performance since the week to September 23, 2011. And it has lost 5.9 percent so far in August, which would be its biggest monthly fall since November 2008. The Fed is expected to start scaling back its bond-buying program next month. An upward revision to second- quarter U.S. economic growth bolstered the views. The Forex dollar rose against most major currencies on Friday after the U.S. laid out a case to attack Syria with lim- ited missile strikes, while solid U.S. economic indicators bolstered the greenback as well. In U.S. trading on Friday, EUR/USD was down 0.19% at 1.3216. Friday's data rekindled expectations that the Federal Re- serve may begin to taper its USD85 billion monthly bond- buying program in September as opposed to later in the year. Monetary stimulus tools such as Federal Reserve as- set purchases weaken the dollar by driving down interest rates, and talk of their dismantling strengthens the green- back. CURRENCY RBI Reference Rate Currency Rate Currency Rate Rupee- $ 66.5742 Yen-100 67.8300 Euro 88.1605 GBP 103.3431
  7. 7. DAILY REPORT 2nd SEPT. 2013 YOUR MINTVISORY Call us at +91-731-6642300 CALL REPORT 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 ad- vice. 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 brows- ing 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. Disclaimer PERFORMANCE UPDATES Date Commodity/ Cur- rency Pairs Contract Strategy Entry Level Target Stop Loss Remark 30/08/13 MCX GOLD OCT. BUY 33900 33970-34100 33800 NOT EXECUTED 30/08/13 MCX GOLD OCT. SELL 33400 33330-33230 33500 BOOKED FULL PROFIT 30/08/13 MCX SILVER SEP. BUY 56250 56420-56820 55850 NOT EXECUTED 30/08/13 MCX SILVER SEP. SELL 55500 55330-54930 55800 BOOKED FULL PROFIT 30/08/13 NCDEX CASTOR SEED SEP BUY 3740 3765-3800 3700 NOY EXECUTED 30/08/13 NCDEX CASTOR SEED SEP SELL 3640 3615-3580 3680 BOOKED FULL PROFIT 30/08/13 NCDEX DHANIYA SEP BUY 5730 5755-5790 5680 BOOKED PROFIT 30/08/13 NCDEX DHANIYA SEP SELL 5680 5665-5620 5725 BOOKED PROFIT 30/08/13 USD/INR AUG SELL 67.10 66.48-66.15 BOOKED PROFIT 30/08/13 GBP/INR AUG SELL 103.60 103.05-102.34 BOOKED PROFIT Date Scrip CASH/ FUTURE/ OPTION Strategy Entry Level Target Stop Loss Remark 30/08/13 NIFTY FUTURE BUY 5350-5375 5450-5480 5300 NOT EXECUTED 30/08/13 RELIANCE FUTURE BUY 840-845 865-880 805 30/08/13 LUPIN FUTURE BUY 815 828-840 800 30/08/13 AMTEK INDIA CASH BUY 76 79-85 71 US ECONOMIC REPORT TIME (ET) REPORT PERIOD ACTUAL CONSENSUS FORECAST PREVIOUS TUESDAY, SEPT.3 9 AM MARKIT PMI AUG. -- 53.9 10 AM ISM AUG. 54.0% 55.4% 10 AM CONSTRUCTION SPENDING JULY 0.4% -0.6% WEDNESDAY, SEPT.4 8:30 AM TRADE DEFICIT JULY -$38.0 bln -$34.2 bln TBA MOTOR VEHICLE SALES AUG. 15.8 mln 15.7 mln 2 PM BEIGE BOOK THURSDAY, SEPT. 5 8:15 AM ADP EMPLOYMENT AUG. 190,000 200,000 8:30 AM WEEKLY JOBLESS CLAIMS 8/31 N/A N/A 8:30 AM PRODUCTIVITY 2Q 1.2% 0.9% 10 AM ISM NONMANUFACTURING AUG. 55.0% 56.0% 10 AM FACTORY ORDERS JULY -- 1.5% FRIDAY, SEPT. 6 8:30 AM NONFARM PAYROLLS AUG. 165,000 162,000 8:30 AM UNEMPLOYMENT RATE AUG. 7.4% 7.4%