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Special report by epic reseach 26 august 2013


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Special report by epic reseach 26 august 2013

  1. 1. DAILY REPORT 26th AUG. 2013 YOUR MINTVISORY Call us at +91-731-6642300 Global markets at a glance The Hang Seng and Nikkei both are trading at positive side by 0.14 and 0.71% respectively. US stocks rose in light trading on Friday, led by a jump in Microsoft shares, as trading took place without interrup- tion a day after the Nasdaq stock exchange suffered an unprecedented, three-hour trading halt. The Dow Jones industrial average rose 46.77 points or 0.31 per cent, to 15,010.51, the S&P 500 gained 6.54 points or 0.39 per cent, to 1,663.5 and the Nasdaq Composite added 19.085 points or 0.52 per cent, to 3,657.792. Wall Street Update Central bankers around the world are bracing themselves for more financial turbulence as the Federal Reserve pre- pares to wind down its easy-money policies. Global markets have reeled since May, when the Fed be- gan signaling it could soon start scaling back its $85 billion- per-month bond-buying program. U.S. mortgage rates have been rising, and currencies and stocks in many devel- oping economies have been falling. Previous day Roundup Sensex soars 200 pts; YES Bank, ICICI, SBI most active. The market maintained its upward journey in afternoon trade with the equity benchmarks gaining more than one per- cent, aided by private banks, oil & gas, auto and capital goods stocks. Index stats: Indian shares rose more than 1 percent on Friday to mark their second consecutive day of gains, with beaten down bank shares such as ICICI Bank gaining on value The gains also tracked the easing of an emerging markets rout, while global shares headed for a second day of gains as data sug- gesting the global economy is improving took the edge off concerns about the impact of a cut in U.S. monetary stimu- lus. Benchmark stock indexes around the world edged higher on Friday. World Indices Index Value % Change D J l 15,010,51 +0.31 S&P 500 1,663.50 +0.39 NASDAQ 3,657.79 +0.52 EURO STO 2,826.05 +0.49 FTSE 100 6,492.10 +0.70 Nikkei 225 13,680.05 +0.14 Hong Kong 22,018.84 +0.71 Top Gainers Company CMP Change % Chg BHEL 116.15 +8.70 +8.10 TATAPOWER 78.45 +3.10 +5.09 HCLTECH 948.00 +45.65 +5.06 JPASSOCIAT 34.70 +1.40 +4.20 Top Losers Company CMP Change % Chg DLF 136.85 -7.00 -4.87 ULTRACEMCO 1,576.00 -58.85 -3.58 BHARTIARTL 307.60 -5.40 -1.73 CIPLA 396.00 -5.40 -1.35 Stocks at 52 Week’s high Symbol Prev. Close Change %Chg TECHM 1,371.95 101.05 +7.95 VTL 310.00 6.85 +2.26 Top Losers Company CMP Change % Chg NIFTY 5,471.75 +63.30 +1.17 SENSEX 18,519.44 +209.50 +1.13 Stocks at 52 Week’s Low Symbol Prev. Close Change %Chg FEDERAL BANK 283.75 +6.35 +2.29 GRASIM 2301.50 -1.50 -0.07 PLETHICO 81.25 -4.05 -4.98 PSB 42.35 +0.30 +0.71
  2. 2. DAILY REPORT 26th AUG. 2013 YOUR MINTVISORY Call us at +91-731-6642300 STOCK RECOMMENDATIONS [FUTURE] 1. TECH MAHINDRA TECH MAHINDRA 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 1350 levels. We advise buying on dips around 1350-1360 with strict stop loss of 1325 for the targets of 1375-1390. 2. BHEL BHEL 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 trade above 110 levels. We advise buying on dips around 112-114 levels with strict stop loss of 110 for the targets of 118-120 levels. STOCK RECOMMENDATION [CASH] 1. PC JEWELLERS PC JEWELLERS is looking strong on charts, we may see more upside in this stock, if it trade above 95 levels. We advise buying above 95 levels with strict stop loss of 90 for the targets of 98-102 levels. MACRO NEWS Goldman revised down its three, six and 12-month tar- gets for the Malaysian ringgit, Thai Baht and Indonesian rupiah on Friday. The currencies, together with their emerging-market peers, have taken a beating recently amid expectations for an unwinding of US monetary stimulus. The rupiah should take the biggest hit as inves- tors flee the volatile group of currencies for the safety of developed markets, according to Goldman. EQUITY CASH & FUTURE CORPORATE ACTION TODAY SCRIP ACTION Rs. Per Share NEYVELILIG DIVIDEND 1.8 GLOBOFFS DIVIDEND 0.8 ALEMBICLTD DIVIDEND 0.2 DIAPOWER BONUS 1:3 GEECEE DIVIDEND 1.5 KOTHARIPET DIVIDEND 0.75
  3. 3. DAILY REPORT 26th AUG. 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 5,400 38.25 7,40,368 77,11,050 NIFTY PE 5,300 16.35 6,86,806 79,21,700 NIFTY PE 5,200 7.00 4,93,173 72,61,100 SBIN PE 1,500 13.00 5,648 5,43,625 SBIN PE 1,550 28.20 4,178 2,90,000 RELIANCE PE 800 7.00 2,945 3,56,000 DLF PE 140 7.55 2,774 11,84,000 MOST ACTIVE CALL OPTION Symbol Option Type Strike Price LTP Traded Volume (Contracts) Open Interest NIFTY CE 5,500 45.25 9,15,751 79,79,100 NIFTY CE 5,400 100.40 5,65,459 48,09,800 NIFTY CE 5,600 12.80 4,92.124 85,09,700 BANKNIFTY CE 9,500 152.00 40,782 2,10.100 SBIN CE 1,600 19.75 11,413 6,11,375 SBIN CE 1,650 8.10 6,288 4,86,875 RELIANCE CE 820 13.50 3,803 4,39,450 TATASTEEL CE 280 8.25 4,503 6,81,000 JPASSOCIAT CE 35 1.35 6,288 87,76,000 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 101359 2709.04 125728 3371.44 643109 17073.06 -662.40 INDEX OPTIONS 948785 25337.52 927032 24706.05 2366118 64220.82 631.47 STOCK FUTURES 160374 4099.39 127922 3298.87 1122045 28269.08 800.53 STOCK OPTIONS 38684 967.99 40179 1014.37 134846 3437.36 -46.37 TOTAL 723.22 INDICES S2 S1 PIVOT R1 R2 NIFTY 5341.78 5406.76 5442.78 5507.76 5543.78 NIFTYJUNIOR 10395.44 10504.24 10564.2 10672.99 10732.95 STOCKS IN NEWS  Reliance Ind. & its partner British Petroleum have announced a new gas condensate discovery in the Cauvery basin.  ITC mulls merger of Wimco non-engineering busi- ness with itself.  NHB net profit rises by 16 pc to Rs 450 crore in FY'13 NIFTY FUTURE Nifty Future in the last trading session we saw strong pull back from lower levels. We advise buying on dips near the 5350-5400 levels with strict stop loss of 5300 for the targets of 5450-5500 levels.
  4. 4. DAILY REPORT 26th AUG. 2013 YOUR MINTVISORY Call us at +91-731-6642300 SILVER TRADING STRATEGY: BUY SILVER SEP. ABOVE 53800 TGTS 53970/54200/SL 53600 GOLD TRADING STRATEGY: BUY GOLD OCT. ABOVE 31980 TGTS 32040/32100/SL 31890 COMMODITY ROUNDUP Gold prices in the global market edged up on Friday after weekly US unemployment claims recorded an upward movement. However, concerns over the withdrawal of US monetary stimulus were seen pressuring the yellow metal prices to certain extent. Gold jumped to a 11-week high, topping $1,400 an ounce in spot trading, as sales of new U.S. homes fell more than forecast, boosting speculation that the Federal Reserve will maintain economic stimulus. Gold futures for December delivery on Globex platform of Comex was seen trading up 0.14% at $1376.30 per troy ounce as of 11.06 AM IST on Friday. Very recently, India's Supreme Court had given a go-ahead to the India government to float a global tender regarding the revival of Kolar Gold mines. The trend in gold futures for October delivery on India's Multi Commodity Exchange (MCX) looks sideways to bull- ish for the day and intra-day traders are advised to stay on buy side. MCX Gold futures for August delivery was seen trading up by 0.80% at Rs. 31390 per 10 grams as of 11.33 AM on Fri- day. Crude palm oil prices on India's Multi Commodity Ex- change (MCX) is expected to trade with a positive note ahead of festive season demand supported by deprecia- tion of Indian Rupee (INR) against US Dollar (USD). MCX crude palm oil for August delivery opened at Rs.543.10 , touched a high of Rs.546.80 and was seen trad- ing up by 0.66% at Rs.545.10 per 10 kgs as of 11.44 AM IST on Saturday. India silver futures is seen trading positive tracking an up trend in gold prices. The trend in silver futures for Septem- ber delivery on India's Multi Commodity Exchange (MCX) looks sideways to bullish for the day and intra-day trader are advised to buy on dips. COMMODITY MCX
  5. 5. DAILY REPORT 26th AUG. 2013 YOUR MINTVISORY Call us at +91-731-6642300 RECOMMENDATIONS CASTORSEED BUY CASTORSEED SEP ABOVE 3685 TG 3710, 3735 SL 3660 SELL CASTORSEED SEP BELOW 3590 TG 3575, 3550 SL 3615 DHANIYA BUY DHANIYA SEP ABOVE 5850 TG 5875, 5900 SL 5825 SELL DHANIYA SEP BELOW 5750 TG 5725, 5700 SL 5775 NCDEX ROUNDUP Corn rallied from the biggest loss since June and soybeans climbed amid concerns that the weather may turn dry and hurt crops in the Midwest, the largest U.S. producing re- gion. Falling prices of edible oil in the global markets is likely to soften impact of depreciating rupee on edible oil prices in the country. RBD Palmolein, Crude Palm Oil, Soybean Oil and Sunflower Oil are imported by India to meet growing consumption of edible oils. The Minister further stated that currently about 79 appli- cations covering 11 crops namely, cotton, rice, castor, maize, wheat, sugarcane, brinjal, potato, chickpea, mus- tard and sorghum are pending with the GEAC. Sugar prices likely to trade firm in the short to Me- dium term considering weak rupee resulting boost in sugar export possibilities. Recently, around 2 lac tons of sugar export deals has been reported from India bound towards various destinations. In addition to it, upcoming festival demand and lower sugar production outlook for next year also would support the prices. NCDEX NCDEX INDICES Index Value % Change Castor Seed 3505 +3.82 Chana 3067 +1.96 Chilli 5396 +2.30 Coriander 5683 +1.62 Cotton Seed Oilcake 1801 +1.94 Jeera 13315 +1.48 Mustard seed 3422 +0.61 Ref Soya Oil 686.9 -0.35 Sugar M Grade 3030 +0.03 Turmeric 5004 +1.20
  6. 6. DAILY REPORT 26th AUG. 2013 YOUR MINTVISORY Call us at +91-731-6642300 USD/INR USD/INR has closed at the level of @63.9925. If it sustains below this level, it can touch the level of @63.17 and @62.32 JPY/INR JPY/INR has closed at the level of 64.6375. If breaks the level of 64.05, it can touch the level of 63.25 and 62.80 CURRENCY ROUNDUP The Reserve Bank of India's (RBI) liquidity measures to curb volatility in the forex market is likely to help moder- ate inflation, Finance Minister P. Chidambaram told parlia- ment on Friday. Last month, the central bank engineered an increase in money-market interest rates in an effort to give investors in short-term rupee debt an incentive to keep their money in India. Rupee recovered after six straight days of losses. The ru- pee, the strength of which is crucial for a potential rollback of the RBI's liquidity tightening measures. The dollar fell after a U.S. government report on new single-family home sales raised doubts about the timing and extent of cuts to the Federal Reserve's stimulus program. The rupee rose 2.1 percent on Friday, its biggest jump in nearly a year, as equities posted strong gains for a second session and the RBI was suspected to have sold dollars heavily late in the session. However, the partially convertible rupee registered its sec- ond weekly loss, as investors fretted over fears of how the country will fund its large current account deficit as the U.S. Federal Reserve is expected to begin tapering its monetary stimulus. The rupee hit a series of record lows in the week, falling as much as 65.56 to a dollar on Thursday, making its Asia’s worst performer so far in 2013. EURINR, the pair seems to have completed a five wave rise at yesterdays swing high as it closed in red on Thursday. On Friday further selling was seen from higher levels and it finally broke its yesterday’s swing low which indicates lower top and lower bottom formation. CURRENCY RBI Reference Rate Currency Rate Currency Rate Rupee- $ 64.6880 Yen-100 65.3200 Euro 86.3035 GBP 100.7968
  7. 7. DAILY REPORT 26th AUG. 2013 YOUR MINTVISORY Call us at +91-731-6642300 CALL REPORT NEXT WEEK'S U.S. ECONOMIC REPORTS 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 reli- able. 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. Disclaimer PERFORMANCE UPDATES Date Commodity/ Currency Pairs Contract Strategy Entry Level Target Stop Loss Remark 23/08/13 MCX GOLD AUG BUY 31600 31660-31800 31500 BOOKED FULL PROFIT 23/08/13 MCX SILVER AUG BUY 51500 51700-52000 51200 BOOKED PROFIT 23/08/13 NCDEX CASTOR SEED SEP SELL 3475 3450-3400 3510 NOT EXECUTED 23/08/13 NCDEX CASTOR SEED SEP BUY 3560 3585-3620 3535 BOOKED FULL PROFIT 23/08/13 NCDEX DHNIYA SEP BUY 5800 5825-5860 5760 BOOKED PROFIT 23/08/13 NCDEX DHNIYA SEP SELL 5650 5625-5580 5640 NOT EXECUTED 23/08/13 JPY/INR AUG SELL 66.40 65.22-64.63 NOT EXECUTED 23/08/13 GBP/INR AUG SELL 101.45 99.85-99.02 NOT EXECUTED Date Scrip CASH/FUTURE/ OPTION Strategy Entry Level Target Stop Loss Remark 23/08/13 NIFTY FUTURE BUY 5300- 5350 5400-5450 5250 BOOKED FULL PROFIT 23/08/13 RANBAXY CASH BUY 387 395-405 375 SL TTRIGGERED 23/08/13 TATASTEEL FUTURE BUY 265-268 275-285 260 BOOKED PROFIT 23/08/13 HINDALCO FUTURE BUY 101-102 104-106 98 BOOKED PROFIT TIME (ET) REPORT PERIOD ACTUAL CONSENSUS FORECAST PREVIOUS MONDAY, AUG. 26 8:30 AM DURABLE GOODS ORDERS JULY -4.0% 3.9% TUESDAY, AUG. 27 10 AM CONSUMER CONFIDENCE INDEX AUG. 80.0 80.3 WEDNESDAY, AUG. 28 NONE SCHEDULED THURSDAY, AUG. 29 8:30 AM WEEKLY JOBLESS CLAIMS 8/24 N/A N/A 8:30 AM GDP REVISION 2Q 2.4% 1.7% FRIDAY, AUG. 30 8:30 AM PERSONAL INCOME JULY 0.2% 0.3% 8:30 AM CONSUMER SPENDING JULY 0.3% 0.5% 8:30 AM CORE PCE PRICE INDEX JULY 0.2% 0.2%