special report by epic reseach 3 september 2013

7
DAILY REPORT 3rd SEPT. 2013 YOUR MINTVISORY Call us at +91-731-6642300 Global markets at a glance The Nikkei and Hong Kong’s Hang Seng Index are trading with a little upward move by 2.41% & 0.68% respectively. Asian markets look set for a second day of gains on Tues- day after a string of upbeat factory data around the globe boosted shares and most commodities. While Wall Street was closed for the Labor Day holiday, U.S. stock futures posted solid gains with the S&P 500 con- tract up 0.9 percent. Broad gains across European bourses lifted MSCI's world equity index .MIWD00000PUS 0.6 per- cent. Wall Street Update China's factory sector showed signs of stronger growth Monday, while weak economic data from a number of other Asian nations underscored the impact of a recent selloff in emerging-market assets. Previous day Roundup Though Sensex has gained yesterday but still away from the 19000-level mark and at 18886.13, up 266.41 points or 1.50 percent, and the Nifty adds up 78.95 points or 1.46% at 5550.75. About 1385 shares have advanced, 841 shares declined, and 157 shares are unchanged. Index heavyweights were taking the lead. Tata Steel, ITC , Maruti Suzuki, Reliance, Hindalco were gainers in the Sensex while M&M, Tata Power, HDFC Bank, Infosys and Dr Reddy’s Labs are losers. Bajaj Hindusthan, Balrampur Chini, Shree Renuka Sug- ars, Dwarikesh Sugar and Dhampur Sugar rallied 13-20 per- cent. Index stats Bank Nifty & Bankex both gained 1.00% & 0.91% respec- tively, while all the sectors also resulted upside closing in yesterday’s session; Consumer Durables [up 99.11pts], Oil & Gas [up 207.74pts] , PSU [up 70.65pts]. Metals [up 246.19pts], Capital Goods [up 73.43pts], FMCG [up 196.35 pts], TECK [up 15.28 pts], Healthcare [up 72.39pts], IT [up 11.10pts]Power [up 14.07 pts]. World Indices Index Value % Change D J l 14,810.31 S&P 500 1,632.97 NASDAQ 3,589.87 EURO STO 2774.09 +1.94 FTSE 100 6,506.19 +1.45 Nikkei 225 13,900.33 +2.41 Hong Kong 22,326.99 +0.68 Top Gainers Company CMP Change % Chg JPASSOCIAT 36.35 3.25 9.82 INDUSINDBK 383.00 26.25 7.36 TATASTEEL 290.70 16.70 6.09 Top Losers Company CMP Change % Chg KOTAKBANK 627.30 32.30 -4.90 M&M 767.00 16.25 -2.07 TATAPOWER 74.45 1.40 -1.85 HEROMOTOCO 2,018.25 28.25 -1.38 ACC 951.85 12.25 -1.27 Stocks at 52 Week’s high Symbol Prev. Close Change %Chg ALEMBICLTD 24.20 -0.05 -0.21 MINDTREE 1,070.90 +16.30 +1.57 HCLTECH 1,039.00 -1.45 -0.14 TCS 2,057.00 +23.80 +1.17 Top Losers Company CMP Change % Chg NIFTY 5,550.75 +78.95 +1.44 SENSEX 18,886.13 +266.41 +1.43 Stocks at 52 Week’s Low Symbol Prev. Close Change %Chg ADANIENT 139.60 -1.90 -1.34 PLETHICO 59.85 +2.95 +4.93 NETWORK18 27.20 +0.65 +2.45 WYETH 571.10 -3.95 -0.69

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Page 1: Special report by epic reseach 3 september 2013

DAILY REPORT

3rd SEPT. 2013

YOUR MINTVISORY Call us at +91-731-6642300

Global markets at a glance

The Nikkei and Hong Kong’s Hang Seng Index are trading

with a little upward move by 2.41% & 0.68% respectively.

Asian markets look set for a second day of gains on Tues-

day after a string of upbeat factory data around the globe

boosted shares and most commodities.

While Wall Street was closed for the Labor Day holiday,

U.S. stock futures posted solid gains with the S&P 500 con-

tract up 0.9 percent. Broad gains across European bourses

lifted MSCI's world equity index .MIWD00000PUS 0.6 per-

cent.

Wall Street Update

China's factory sector showed signs of stronger growth

Monday, while weak economic data from a number of

other Asian nations underscored the impact of a recent

selloff in emerging-market assets.

Previous day Roundup

Though Sensex has gained yesterday but still away from

the 19000-level mark and at 18886.13, up 266.41 points or

1.50 percent, and the Nifty adds up 78.95 points or 1.46%

at 5550.75. About 1385 shares have advanced, 841 shares

declined, and 157 shares are unchanged.

Index heavyweights were taking the lead. Tata Steel, ITC ,

Maruti Suzuki, Reliance, Hindalco were gainers in

the Sensex while M&M, Tata Power, HDFC

Bank, Infosys and Dr Reddy’s Labs are losers. Bajaj

Hindusthan, Balrampur Chini, Shree Renuka Sug-

ars, Dwarikesh Sugar and Dhampur Sugar rallied 13-20 per-

cent.

Index stats

Bank Nifty & Bankex both gained 1.00% & 0.91% respec-

tively, while all the sectors also resulted upside closing in

yesterday’s session; Consumer Durables [up 99.11pts], Oil

& Gas [up 207.74pts] , PSU [up 70.65pts]. Metals [up

246.19pts], Capital Goods [up 73.43pts], FMCG [up 196.35

pts], TECK [up 15.28 pts], Healthcare [up 72.39pts], IT [up

11.10pts]Power [up 14.07 pts].

World Indices

Index Value % Change

D J l 14,810.31 —

S&P 500 1,632.97 —

NASDAQ 3,589.87 —

EURO STO 2774.09 +1.94

FTSE 100 6,506.19 +1.45

Nikkei 225 13,900.33 +2.41

Hong Kong 22,326.99 +0.68

Top Gainers

Company CMP Change % Chg

JPASSOCIAT 36.35 3.25 9.82

INDUSINDBK 383.00 26.25 7.36

TATASTEEL 290.70 16.70 6.09

Top Losers

Company CMP Change % Chg

KOTAKBANK 627.30 32.30 -4.90

M&M 767.00 16.25 -2.07

TATAPOWER 74.45 1.40 -1.85

HEROMOTOCO 2,018.25 28.25 -1.38

ACC 951.85 12.25 -1.27

Stocks at 52 Week’s high

Symbol Prev. Close Change %Chg

ALEMBICLTD 24.20 -0.05 -0.21

MINDTREE 1,070.90 +16.30 +1.57

HCLTECH 1,039.00 -1.45 -0.14

TCS 2,057.00 +23.80 +1.17

Top Losers

Company CMP Change % Chg

NIFTY 5,550.75 +78.95 +1.44

SENSEX 18,886.13 +266.41 +1.43

Stocks at 52 Week’s Low

Symbol Prev. Close Change %Chg

ADANIENT 139.60 -1.90 -1.34

PLETHICO 59.85 +2.95 +4.93

NETWORK18 27.20 +0.65 +2.45

WYETH 571.10 -3.95 -0.69

Page 2: Special report by epic reseach 3 september 2013

DAILY REPORT

3rd SEPT. 2013

YOUR MINTVISORY Call us at +91-731-6642300

STOCK RECOMMENDATIONS [FUTURE] 1. RELIANCE INDUSTRIES

RELIANCE INDUSTRIES is looking strong on charts & long build up has been seen, we may see more upside in this stock, if it continues to sustain above 890 levels. We advise buying above 890 levels with strict stop loss of 865 for the targets of 915- 930. 2. JPASSOCIATE

JP ASSOCIATE is looking strong on charts and long build up has been seen, we may see more upside in this stock, if it continues to sustain above 37 levels. We advise buying above 37 levels with strict stop loss of 35.50 for the targets of 38-39.

STOCK RECOMMENDATION [CASH] 1. RENUKA SUGAR

RENUKA SUGAR is looking strong on charts . We advice buy-ing above 18.25 with strict stop loss of 15.50 for the targets of 19.50-20.50 levels. MACRO NEWS Indian factory activity shrank for the first time in more than four years last month, adding to the country's deepening economic malaise even as the RBI struggles to defend the battered rupee currency The bleak Purchasing Managers' Index (PMI) comes hard on the heels of data on Friday that showed Asia's third-largest economy grew at it slowest quarterly rate in the three months to June since the global financial crisis, suggesting more pain ahead. The HSBC Manufacturing PMI, compiled by Markit, sank to 48.5 in August from 50.1 in July, the lowest reading since March 2009. The Indian economy grew 4.4 percent in the April-June quarter, the slowest quarterly rate since Jan-March of 2009, hurt by a contraction in mining and manufacturing.

EQUITY CASH & FUTURE

CORPORATE ACTION TODAY

SCRIP ACTION Rs. Per Share

NBCC DIVIDEND 3.75

TI DIVIDEND 0.8

HEROMOTOCO DIVIDEND 60

COMPUAGE DIVIDEND 1

Page 3: Special report by epic reseach 3 september 2013

DAILY REPORT

3rd 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 5,300 70.00 2,27,569 69,75,800

NIFTY PE 5,400 91.50 1,79,894 39,43,450

NIFTY PE 5,500 121.50 1,73,681 30,55,950

BANKNIFTY PE 9,000 288.00 8,593 1,05,275

RELIANCE PE 840 15.00 2,551 2,92.750

RELIANCE PE 860 21.10 2,513 2,01,000

SBIN PE 1,500 63.50 2,307 1,94,625

TATAMOTORS PE 280 7.10 1,177 8,50,000

MOST ACTIVE CALL OPTION

Symbol Option

Type

Strike

Price

LTP Traded

Volume

(Contracts)

Open

Interest

NIFTY CE 5,600 115.95 2,65,869 30,69,250

NIFTY CE 5,700 71.60 2,62,472 32,832,000

NIFTY CE 5,800 39.80 2,16,858 29,42,250

BANKNIFTY CE 10,000 89.05 9,789 1,82,825

JPASSOCIAT CE 40.00 1.90 6,181 67,52,000

SBIN CE 1,600 42.30 4,237 3,45,500

RELIANCE CE 900 25.75 3,462 3,64,250

AXISBANK CE 900 46.20 3,241 3,98,000

ICICIBANK CE 840 35.65 1,775 1,73,750

FII DERIVATIVES STATISTICS

BUY OPEN INTEREST AT THE END OF THE DAY SELL

No. of

Contracts Amount in

Crores No. of

Contracts Amount in

Crores No. of

Contracts Amount in

Crores NET AMOUNT

INDEX FUTURES 71916 1968.82 72981 1987.14 386568 10278.60 -18.32

INDEX OPTIONS 574938 15343.68 553314 14739.06 1737931 48117.45 604.62

STOCK FUTURES 87881 2180.18 70748 1765.59 1012348 26120.14 414.60

STOCK OPTIONS 18864 453.62 19262 458.10 28756 802.01 -4.48

TOTAL 996.42

INDICES S2 S1 PIVOT R1 R2

NIFTY 5445.45 5498.1 5531.5 5584.15 5617.54

NIFTYJUNIOR 10470.61 10560.63 10615.91 10705.93 10761.21

STOCKS IN NEWS Reliance Infrastructure completes widening of Sa-

lem-Ulundurpet highway project.

Larsen & Toubro bags orders worth Rs 1,141 cr in August.

Total sales of the M&M fell 17% y-o-y to 37,900 units and its passenger vehicle sales have also slipped to 15,821 units from 21,831 units Y-o-Y.

NIFTY FUTURE

Nifty Future as expected closed in the green in the last trading session. We advise buying on dips around 5500-5520 with strict stop loss of 5470 for the targets of 5580-5600 levels.

Page 4: Special report by epic reseach 3 september 2013

DAILY REPORT

3rd SEPT. 2013

YOUR MINTVISORY Call us at +91-731-6642300

SILVER

TRADING STRATEGY: BUY SILVER ABOVE 57430 TGTS 57630 /52950 SL 57130 GOLD

TRADING STRATEGY: BUY GOLD ABOVE 33200 TGTS 33270/33370 SL 33100 SELL GOLD BELOW 32800 TGTS 32730/32630 SL 32900

COMMODITY ROUNDUP

US gold futures edged down on Monday amid concerns

over possible withdrawal of US Federal Reserve monetary

stimulus, higher than expected China manufacturing data

and Barack Obama's recent decision to obtain congres-

sional approval before taking any military action against

Syria. Gold futures for December delivery on Globex plat-

form of Comex was seen trading with a loss. Gold was

down 0.2 percent at $1,392.80 an ounce as concerns

about Syria eased temporarily while 10-year German gov-

ernment bonds, another refuge for nervous investors, fell

sharply, sending the yield up 6.1 basis points and back to-

wards a 1-1/2 year high hit last month.

India silver futures edged up on Monday and was seen

trading with an upward movement.

Oil prices rebounded on the brighter economic outlook

after falling initially following U.S. President Barack

Obama's decision to rule out military action

against Syria until lawmakers had had a chance to vote on

the plan. Brent crude was slightly firmer at $114, after

shedding more than a $1 a barrel early on Monday.

US crude oil prices on New York Mercantile Exchange

(NYMEX) declined for a third consecutive day. MCX crude

oil futures for September delivery was seen trading down

Copper prices in the global market edged up on Monday

amid positive economic/manufacturing data releases from

China and Europe. Comex copper was seen trading up

since morning. Copper for delivery in three months gained

1.7 % to $7,223 a metric ton by 3:09 p.m. on the London

Metal Exchange. Prices rose as much as 2.5 percent, the

most since Aug. 8. Prices also climbed after Bank of Amer-

ica Merrill Lynch said inventories of copper held in Chinese

bonded warehouses plunged.

COMMODITY MCX

Page 5: Special report by epic reseach 3 september 2013

DAILY REPORT

3rd SEPT. 2013

YOUR MINTVISORY Call us at +91-731-6642300

RECOMMENDATIONS CASTORSEED

BUY CASTORSEED SEP ABOVE 3750 TG 3775, 3805 SL 3700 SELL CASTORSEED SEP BELOW 3695 TG 3665, 3635 SL 3745

DHANIYA

BUY DHANIYA SEP ABOVE 5910 TG 5940,5980 SL 5870 SELL DHANIYA SEP BELOW 5810 TG 5780,5660 SL 5780

NCDEX ROUNDUP The prices of pulses in India during the last week remained

steady across the country.

Technical textiles sector has grown from a size of $7 billion

in 2007-08 to the current size of $ 15.2 billion registering

an annual growth of 11 percent. Indian government has

planned an increase in the fund outlay for technical textiles

sector to over US $ 117 million for the 12th five year plan

period (2012-17).

Milling wheat rose in Paris on concerns that global grain

output will be smaller than previously expected amid dry

weather in the U.S., even as a report showed improving

prospects for European supplies. The milling wheat price

for delivery in November on NYSE Liffe in Paris was 0.3 per-

cent higher at €187.75 a tonne as of 11:16 BST yesterday.

Corn for delivery in November advanced 2.1 percent to

€174 a tonne. Grain markets in Chicago were closed today

for the U.S. Labour Day holiday.

According to National Weather Service data, the U.S., the

world’s largest exporter of wheat and corn, has had drier-

than-normal weather in Midwest cultivation areas in the

past two months, potentially curbing yields.

NCDEX

NCDEX INDICES

Index Value % Change

Castor Seed 3740 +4.00

Chana 3192 -0.47

Chilli 5764 -0.45

Coriander 5880 +2.65

Cotton Seed Oilcake 1774 -3.22

Jeera 14220 +4.00

Mustard seed 3561 +0.82

Ref Soya Oil 696 -1.02

Sugar M Grade 3012 +0.27

Turmeric 5266 +0.65

Page 6: Special report by epic reseach 3 september 2013

DAILY REPORT

3rd SEPT. 2013

YOUR MINTVISORY Call us at +91-731-6642300

GBP/INR

GBP/INR has closed @103.8375. If it sustains above the

level of 104.00, it can touch the level of 104.37 & 105.39. If

it breaks the level of 102.50, it can touch the level of

101.90 and 101.05.

EUR/INR

EUR/INR has closed @88.0500. If it sustains above the

level of 88.20, it can touch the level of 88.70 and 89.37

respectively. If it breaks the level of 87.05, it can touch the

level of 86.71 and 86.25.

CURRENCY ROUNDUP

Indian rupee traded lower in early trade on Monday

against the US dollar. Rupee opened lower by 39 paisa or

0.59% against US dollar at Rs 66.10 compared to previous

close of 65.71, it was down another 0.5 percent against the

dollar, to 66.02 rupees to the dollar, bringing its decline since

early May to almost 20 percent. So the Indian rupee began slip-

ping lower in currency markets again on Monday after a two-day

respite, as further signs emerged of broad troubles in the Indian

economy.

The rupee remained frail after last week's record low, as

pessimism generated by dismal economic growth data was

compounded on Monday by survey showing factory activ-

ity in August shrank for the first time in over four years.

Aggressive intervention by the Reserve Bank of India had

helped lift the rupee off its low late last week. The RBI's

main defense, squeezing rupee liquidity and pushing up

short term interest rates, has pushed up borrowing costs

for already depressed corporate, but has barely stemmed

the rupee's fall.

The dollar index, which tracks the greenback against six

major currencies was largely flat though at 82.10. .DXY. In

New York market, the US dollar rose against rivals on last

Friday and notched its third consecutive weekly gain after

Syrian-related tensions weighed on risk appetite and aided

the US currency. Dollar continues to hurt rupee as the In-

dian rupee trimmed its initial losses but was still quoted

down by 14 paisa to 65.84 per dollar on demand for the US

currency from banks and importers due to higher global

cues amid firm equity market.

CURRENCY

RBI Reference Rate

Currency Rate Currency Rate

Rupee- $ 65.8608 Yen-100 66.8400

Euro 87.0575 GBP 102.5189

Page 7: Special report by epic reseach 3 september 2013

DAILY REPORT

3rd SEPT. 2013

YOUR MINTVISORY Call us at +91-731-6642300

CALL REPORT

Disclaimer

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%

PERFORMANCE UPDATES

Date Commodity/ Cur-

rency Pairs Contract Strategy Entry Level Target

Stop

Loss Remark

02/09/13 MCX GOLD OCT. BUY 33280 33350-33470 33180 NOT EXECUTED

02/09/13 MCX GOLD OCT. SELL 32750 32680-32580 32850 BOOKED FULL PROFIT

02/09/13 MCX SILVER SEP. SELL 53400 53230-52950 53700 NOT EXECUTED

02/09/13 NCDEX CASTOR SEED SEP BUY 3620 3645-3690 3570 BOOKED FULL PROFIT

02/09/13 NCDEX CASTOR SEED SEP SELL 3500 3475-3440 3550 NOT EXECUTED

02/09/13 NCDEX DHANIYA SEP BUY 5775 5800-5850 5730 BOOKED FULL PROFIT

02/09/13 NCDEX DHANIYA SEP SELL 5730 5700-5660 5780 NOT EXECUTED

02/09/13 USD/INR AUG SELL 66.40 65.58-64.59 SL TRIGGERED

02/09/13 EUR/INR AUG SELL 87.85 86.71-85.41 SL TRIGGERED

Date Scrip CASH/FUTURE/

OPTION Strategy Entry Level Target

Stop

Loss Remark

02/09/13 NIFTY FUTURE BUY 5420-5440 5490-5550 5375 NOT EXECUTED

02/09/13 HIND UNILEVER FUTURE BUY 620-625 635-650 615 NOT EXECUTED

02/09/13 CIPLA FUTURE BUY 415-418 425-430 410 BOOKED PROFIT

02/09/13 AMBUJA CEMENT CASH BUY 172 175-178 168 BOOKED PROFIT

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