special report by epic reseach 30 september 2013

7
DAILY REPORT 30 th SEPT. 2013 YOUR MINTVISORY Call us at +91-731-6642300 Global markets at a glance Most Asian stock markets posted modest gains up on Fri- day after U.S. jobless claims data pointed to an improving labour market, but the lack of progress in budget and debt negotiations in Washington kept investors on edge. Ja- pan's Nikkei bucked the trend, falling 0.4 % as the market turned its focus to the government's growth strategy and tax plans next week. European shares also were expected to gain slightly, with Germany's DAX, Britain's FTSE and France's Cac 40 all seen up about 0.1 %. Wall Street Update Wall Street falls as US government faces possible shut- down. U.S. stock futures were marginally weaker, as De- mocrat & Republican lawmakers struggled to agree on an emergency funding bill to avert an US govt shutdown day away. The Senate passed the emergency funding bill on Friday, which will keep US agencies operating after Sep- tember 30. The Dow Jones industrial average was down 70.06 points, or 0.46 percent, at 15,258.24. The Standard & Poor's 500 Index was down 6.92 points, or 0.41 percent, at 1,691.75. The Nasdaq Composite Index was down 5.83 points, or 0.15 percent, at 3,781.59. Previous day Roundup Traders continued to sell in the last trading hour of the day. The market ended the day on a very weak note. the Sensex down 166.58 points or 0.84 % down at 19727.27. The Nifty closed at 5833.20, down 49.05 points or 0.83 %. About 1140 shares have advanced, 1200 shares declined, and 141 shares are unchanged. Index stats Bank Nifty & Bankex both declined % & % respectively, the sectors which were in positive move with Nifty in yester- day’s session were; Consumer Durables [up pts], Capital Goods [up pts], AUTO [up pts], Healthcare [up pts], FMCG [up pts]. Power [up pts] traded upward. The sectors de- clined were: IT [down pts], Oil & Gas [down pts], TECK [down pts], PSU [down pts], Metals [down pts], except RE- ALTY [down pts]. World Indices Index Value % Change D J l 15,258.24 -0.46 S&P 500 1,691.75 -0.41 NASDAQ 3,781.59 -0.15 EURO STO 2,919.34 -0.12 FTSE 100 6,512.66 -0.81 Nikkei 225 14,760.07 -0.26 Hong Kong 23,207.04 +0.35 Top Gainers Company CMP Change % Chg BPCL 327.85 18.65 +6.03 HCLTECH 1,077.5 25.25 +2.40 SUNPHARMA 590.70 9.40 +1.62 COALINDIA 307.50 3.65 +1.20 HEROMOTOCO 2,041.05 21.25 +1.05 Top Losers Company CMP Change % Chg BHEL 142.30 8.45 -5.61 JPASSOCIAT 36.30 2.15 -5.59 TATASTEEL 286.35 13.55 -4.52 DLF 131.55 4.05 -2.99 KOTAKBANK 682.80 20.60 -2.93 Stocks at 52 Week’s high Symbol Prev. Close Change %Chg AUROPHARMA 201.65 7.20 +3.70 BRITANIA 778.00 19.55 +2.58 CMAHENDRA 222.95 2.45 +1.11 GALLISPAT 224.60 8.20 +3.79 JUSTDIAL 848.00 31.20 +3.82 Indian Indices Company CMP Change % Chg NIFTY 5,833.20 -49.05 -0.83 SENSEX 19,727.27 -166.58 -0.84 Stocks at 52 Week’s Low Symbol Prev. Close Change %Chg GODREJPROP 346.35 2.90 -0.83 VARDMNPOLY 33.60 2.25 -6.28

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Page 1: Special report by epic reseach 30 september 2013

DAILY REPORT

30th SEPT. 2013

YOUR MINTVISORY Call us at +91-731-6642300

Global markets at a glance

Most Asian stock markets posted modest gains up on Fri-

day after U.S. jobless claims data pointed to an improving

labour market, but the lack of progress in budget and debt

negotiations in Washington kept investors on edge. Ja-

pan's Nikkei bucked the trend, falling 0.4 % as the market

turned its focus to the government's growth strategy and

tax plans next week.

European shares also were expected to gain slightly, with

Germany's DAX, Britain's FTSE and France's Cac 40 all seen

up about 0.1 %.

Wall Street Update

Wall Street falls as US government faces possible shut-

down. U.S. stock futures were marginally weaker, as De-

mocrat & Republican lawmakers struggled to agree on an

emergency funding bill to avert an US govt shutdown day

away. The Senate passed the emergency funding bill on

Friday, which will keep US agencies operating after Sep-

tember 30. The Dow Jones industrial average was down

70.06 points, or 0.46 percent, at 15,258.24. The Standard

& Poor's 500 Index was down 6.92 points, or 0.41 percent,

at 1,691.75. The Nasdaq Composite Index was down 5.83

points, or 0.15 percent, at 3,781.59.

Previous day Roundup

Traders continued to sell in the last trading hour of the

day. The market ended the day on a very weak note. the

Sensex down 166.58 points or 0.84 % down at 19727.27.

The Nifty closed at 5833.20, down 49.05 points or 0.83 %.

About 1140 shares have advanced, 1200 shares declined,

and 141 shares are unchanged.

Index stats

Bank Nifty & Bankex both declined % & % respectively, the

sectors which were in positive move with Nifty in yester-

day’s session were; Consumer Durables [up pts], Capital

Goods [up pts], AUTO [up pts], Healthcare [up pts], FMCG

[up pts]. Power [up pts] traded upward. The sectors de-

clined were: IT [down pts], Oil & Gas [down pts], TECK

[down pts], PSU [down pts], Metals [down pts], except RE-

ALTY [down pts].

World Indices

Index Value % Change

D J l 15,258.24 -0.46

S&P 500 1,691.75 -0.41

NASDAQ 3,781.59 -0.15

EURO STO 2,919.34 -0.12

FTSE 100 6,512.66 -0.81

Nikkei 225 14,760.07 -0.26

Hong Kong 23,207.04 +0.35

Top Gainers

Company CMP Change % Chg

BPCL 327.85 18.65 +6.03

HCLTECH 1,077.5 25.25 +2.40

SUNPHARMA 590.70 9.40 +1.62

COALINDIA 307.50 3.65 +1.20

HEROMOTOCO 2,041.05 21.25 +1.05

Top Losers

Company CMP Change % Chg

BHEL 142.30 8.45 -5.61

JPASSOCIAT 36.30 2.15 -5.59

TATASTEEL 286.35 13.55 -4.52

DLF 131.55 4.05 -2.99

KOTAKBANK 682.80 20.60 -2.93

Stocks at 52 Week’s high

Symbol Prev. Close Change %Chg

AUROPHARMA 201.65 7.20 +3.70

BRITANIA 778.00 19.55 +2.58

CMAHENDRA 222.95 2.45 +1.11

GALLISPAT 224.60 8.20 +3.79

JUSTDIAL 848.00 31.20 +3.82

Indian Indices

Company CMP Change % Chg

NIFTY 5,833.20 -49.05 -0.83

SENSEX 19,727.27 -166.58 -0.84

Stocks at 52 Week’s Low

Symbol Prev. Close Change %Chg

GODREJPROP 346.35 2.90 -0.83

VARDMNPOLY 33.60 2.25 -6.28

Page 2: Special report by epic reseach 30 september 2013

DAILY REPORT

30th SEPT. 2013

YOUR MINTVISORY Call us at +91-731-6642300

STOCK RECOMMENDATIONS [FUTURE] 1. MC DOWELL

MC DOWELL FUTURE is looking strong on charts, long build

up has been seen, we may see more upside, if it continues

to sustain above 2640. We advise buy around 2600-2640

levels with strict stop loss of 2540 for the targets of 2680-

2750.

2. TATA STEEL

TATA STEEL FUTURE is looking weak on charts, short build

up has been seen, we may see more downside, if it contin-

ues to sustain below 285. We advise selling below 285 lev-

els with strict stop loss of 292 for the targets of 280-270

levels.

STOCK RECOMMENDATION [CASH] 1. ALLCARGO LOGISTICS LTD

ALLCARGO LOGISTICS LTD is looking strong on charts. We advice buying above 102 with strict stop loss of 97 for the targets of 105-108-112 levels. MACRO NEWS

Barclays has lowered India's FY14 GDP forecast for the current fiscal to 4.7%.

5 % Value Added Tax (VAT) can be levied for properties constructed between June 2006 and March 2010.

The reduction in rates is likely to be announced by the month end as per the practice of fortnightly revision in prices.

Also Friday, official data showed that Japan's core con-sumer price inflation, excluding fresh food, rose to an annualized rate of 0.8% in August, from 0.7% the previ-ous month. Analysts had expected core CPI to remain unchanged last month.

India on Friday started transmission of electricity to Bangladesh to test a newly built line under an agree-ment to export 250 Megawatt of power.

June quarter CAD is expected to rise to $23-25 bn, or 4.8-5.4% GDP, from $18.1 bn, or 3.6%, in the March quarter. The data will be released on Monday.

EQUITY CASH & FUTURE

CORPORATE ACTION TODAY

SCRIP ACTION Rs. Per Share

BSLIMITED BONUS 1:1

Page 3: Special report by epic reseach 30 september 2013

DAILY REPORT

30th 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 5,800 127.70 1,46,607 33,78,300

NIFTY PE 5,700 95.00 1,31,616 38,10,300

NIFTY PE 5,900 170.00 1,21,076 21,54,350

BANK NIFTY PE 10,000 460.15 9,113 1,30,450

SBIN PE 1,600 66.55 2,882 1,78,125

INFY PE 2,600 60.50 1,302 1,47,375

RELIANCE PE 840 27.80 2,349 3,21,500

MCDOWELL-N PE 2,500 68.00 1,338 77,875

MOST ACTIVE CALL OPTION

Symbol Option

Type

Strike

Price

LTP Traded

Volume

(Contracts)

Open

Interest

NIFTY CE 6,200 44.80 1,89,983 16,17,900

NIFTY CE 6,100 73.00 1,81,762 30,87,650

NIFTY CE 6,300 25.50 1,45,025 18,34,450

BANKNIFTY CE 10,500 240.00 8,578 84,175

SBIN CE 1,700 58.40 3,906 1,55,000

RELIANCE CE 900 13.35 3,271 5,78,750

MCDOWELL-N CE 2,700 97.00 2,775 90,125

JPASSOCIAT CE 40 1.90 1,469 32,60,000

SBIN CE 1,800 30.95 2,105 1,76,250

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 39941 1162.14 48809 1405.16 448554 12955.44 -243.01

INDEX OPTIONS 378166 10870.77 357017 10293.43 1436542 41864.92 577.34

STOCK FUTURES 50678 1400.84 53100 1447.82 881207 24277.89 -46.98

STOCK OPTIONS 18354 474.00 20522 534.61 24003 622.08 -60.61

TOTAL 226.74

INDICES S2 S1 PIVOT R1 R2

NIFTY 5,925.2 5,879.2 5,871.7 5,825.7 5,818.1

BANK NIFTY 10,185.00 10,042.40 10,046.80 9,904.20 9,908.60

STOCKS IN NEWS Bajaj Auto may raise motorcycle prices soon. Tata Tele, Sistema & Aircel may merge to form 3rd-largest telecom co by subscribers. IndusInd Bank may raise $300 million from over-seas investors. RPower moves CERC, seeks tariff hike . CAG wants DoT to slap fine of Rs 725 cr on Bharti Airtel.

NIFTY FUTURE

Nifty Future closed in the red in the last trading ses-sion. We advise selling on rise around 5900-5925 with strict stop loss of 5980 for the targets of 5850-5820.

Page 4: Special report by epic reseach 30 september 2013

DAILY REPORT

30th SEPT. 2013

YOUR MINTVISORY Call us at +91-731-6642300

RECOMMENDATIONS

SILVER

TRADING STRATEGY:

Silver buy above 50300 TGTS 50600/50900 SL 48900 Silver sell below 49600 TGTS 49300/49000 SL 49950

GOLD

TRADING STRATEGY: Gold buy above 30980 TGTS 31080/31180 SL 30750 Gold sell below 30400 TGTS 30300/30200 SL 30520

COMMODITY ROUNDUP

BofA cut its 2013 gold price forecast to $1,419 per ounce

from $1,478/oz and 2014 view to $1294/oz from $1563/

oz. BofA said silver could outperform gold based on an

increase in China's imports.

US gold futures swung between gains and losses on Friday.

However it remained almost steady amid weak US Dollar,

poor physical demand from Asia and concerns that US

Central Bank may start tapering its monetary stimulus

later this year on improving economic conditions in the

United States and around the globe. Gold futures for De-

cember delivery on Globex platform of Comex was seen

trading with a gain of $1.4 at $1325.5 per troy ounce as of

14.27 IST on Friday.

Spot Gold prices gained around 0.2 % today on the back of

weakness in the DX. Sharp upside was however prevented

due to mixed global market sentiments coupled with de-

clining trend in SPDR holdings. In the Indian markets, gold

prices rose around 0.2 % today due to Rupee depreciation.

Base metals pack on the LME traded on a positive note

today due to weakness in the DX. Decline in inventories of

base metals also supported upside in prices. The June

quarter CAD is expected to rise to $23-25 billion, or 4.8-

5.4 per cent of gross domestic production (GDP), from

$18.1 billion, or 3.6 per cent, in the March quarter. The

data will be released on Monday.

Nymex crude oil prices slumped around 0.6 % today. India

copper futures recorded an up-tick in the afternoon. Oil

prices were soft as fears of an escalation in military conflict

in the Middle East eased as the United States and Russia

agreed on a draft resolution that would demand Syria give

up its chemical arms U.S. crude futures dropped 0.5% to

$102.53 per barrel.

COMMODITY MCX

Page 5: Special report by epic reseach 30 september 2013

DAILY REPORT

30th SEPT. 2013

YOUR MINTVISORY Call us at +91-731-6642300

RECOMMENDATIONS CASTORSEED

SELL CASTORSEED BELOW 3460 TG 3430, 3380 SL 3496 BUY CASTORSEED ABOVE 3530 TG 3560, 3610 SL 3494 DHANIYA

SELL DHANIYA BELOW 5825 TG 5785, 5700 SL 5866

BUY DHANIYA ABOVE 5930 TG 5970, 6030 SL 5889

NCDEX ROUNDUP

The recent price rise of the commodity despite a stable

demand-and-supply situation once again highlights the fact

that this market is vulnerable to manipulation.

In India, the total area under guar cultivation this season is

expected to increase by 21% over the last. Pepper price

recovered on marginal rise in demand in major spot mar-

ket.

For Cumin Sufficient supply of stocks along with better

sowing expectations in the coming season are seen keep-

ing jeera price under pressure. In near term the price may

trade higher as the export demand is expected to exceed

because of favorable domestic and global factors. Rising

demand from China, unrest in Syria is encouraging the de-

mand for Indian cumin. India’s jeera exports are set to hit a

record 1 lakh tonnes in 2013-14. Jeera production this year

in Syria has been negligible, and Turkey is expected to pro-

duce around 7000-8000 tonnes against 8000-10000 tonnes

last year. Jeera production in China is projected to decline

to 5000 tonnes from 10000 tonnes last year despite rise in

consumption.

NCDEX

NCDEX INDICES

Index Value % Change

Castor Seed 3492 +1.25

Chana 2904 -3.46

Chilli 5374 -0.85

Coriander 5841 +3.99

Cotton Seed Oilcake 1465 +0.55

Jeera 13002.5 +0.17

Mustard seed 3549 -0.20

Ref Soya Oil 670.1 +0.82

Sugar M Grade 2880 -0.38

Turmeric 4580 -0.65

Page 6: Special report by epic reseach 30 september 2013

DAILY REPORT

30th SEPT. 2013

YOUR MINTVISORY Call us at +91-731-6642300

JPY/INR

JPY/INR has closed @64.1325. If it sustains above the level of 64.30, it can touch the level of 64.45 & 64.72. If it breaks 62.90, it can touch the level of 62.70 & 62.45.

USD/INR

USD/INR has closed @63.1575. If it sustains above the level of 63.25, it can touch the level of 63.40 & 63.57. If it breaks 62.20, it can touch the level of 61.95 & 61.70.

CURRENCY ROUNDUP

Rupee ends at 62.51/52 per dr vs Thursday close of

62.07/08, It moved in range of 61.765 to 62.56 during the

session. June-quarter CAD likely wider, data due on Mon-

day Sentiment on INR turns neutral. In the currency fu-

tures market, the most-traded near-month USD/INR con-

tracts on the NSE, the MCX-SX & the USE all closed at

around 63.14 with a total traded volume of $2.4 bn.

Another range bound session was seen in currency market

with Dollar index traded within tight range of 20 points.

Though it largely stayed lower against majors but gains

were seen against commodity currencies. Treasury yields

are declining since start of the week but similar moves in

dollar and equities are not observed so far which suggest

that tapering by Fed is unlikely at least in 2013.

The pound was higher against the U.S. dollar on Friday,

after data showed that U.K. house prices rose more than

expected in September. INR depreciated by around 0.6 %

on buying by foreign banks on behalf of custodial clients &

month end dollar demand from importers. The Rupee

touched an intra-day low of 62.45 till 4:30 pm IST.

Emerging Asian currencies remained weak as U.S. House of

Representatives Republicans on Thursday refused to give

in to President Barack Obama's demand for straightfor-

ward bills to run the govt beyond Sept. 30.

The euro came under pressure amid renewed concerns

Italy's fractious coalition government could fall apart. The

euro traded at $1.3480, off a seven-month high of $1.3569

hit last week. The British pound gained 0.4 percent to

$1.6092 . The yen regained some of its lost ground after

Japanese Finance Minister Taro Aso said that he is not

thinking of lowering the effective corporate tax rate right

now

CURRENCY

RBI Reference Rate

Currency Rate Currency Rate

Rupee- $ 61.8110 Yen-100 62.6600

Euro 83.4200 GBP 99.4972

Page 7: Special report by epic reseach 30 september 2013

DAILY REPORT

30th SEPT. 2013

YOUR MINTVISORY Call us at +91-731-6642300

CALL REPORT

Disclaimer

US ECONOMIC REPORT

PERFORMANCE UPDATES

Date Commodity/ Currency

Pairs Contract Strategy Entry Level Target Stop Loss Remark

27/09/13 MCX GOLD OCT. BUY 29930 30030-30130 29810 BOOKED FULL PROFIT

27/09/13 MCX GOLD DEC. SELL 29750 29650-29550 29860 SL TRIGGERED

27/09/13 MCX SILVER OCT. BUY 48850 49150-49450 48450 BOOKED FULL PROFIT

27/09/13 MCX SILVER DEC. SELL 48320 48020-47720 48700 SL TRIGGERED

27/09/13 NCDEX CASTOR SEED OCT. SELL 3430 3400-3360 3470 SL TRIGGERED

27/09/13 NCDEX CASTOR SEED OCT. BUY 3490 3525-3550 3470 BOOKED PROFIT

27/09/13 NCDEX DHANIYA OCT. BUY 5650 5675-5710 5610 BOOKED FULL PROFIT

27/09/13 NCDEX DHANIYA OCT. SELL 5590 5550-5510 5630 NOT EXECUTED

27/09/13 USD/INR OCT. SELL 62.45 62.25-61.90 BOOKED PROFIT

27/09/13 GBP/INR OCT. SELL 100.25 100.00-99.51 SL TRIGGERED

27/09/13 USD/INR OCT. BUY 63.05 63.35-63.58 BOOKED PROFIT

27/09/13 GBP/INR OCT. BUY 101.05 101.36-101.62 BOOKED FULL PROFIT

Date Scrip

CASH/

FUTURE/

OPTION

Strategy Entry Level Target Stop Loss Remark

27/09/13 NIFTY FUTURE SELL 5900-5925 5850-5820 5980 BOOKED PROFIT

27/09/13 JSPL FUTURE SELL 240 235-230 245 BOOKED PROFIT

27/09/13 BHEL FUTURE BUY 145-146 148-150 140 SL TRIGGERED

27/09/13 ABFSHIPYARD CASH BUY 300 305-315-335 285 BOOKED FULL PROFIT

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TIME (ET) REPORT PERIOD ACTUAL CONSENSUS FORECAST PREVIOUS

MONDAY, SEPT. 30

9:45 am Chicago PMI Sept. 54.0 55.7

TUESDAY, OCT. 1 10 am ISM Sept. 55.0% 55.7%

10 am Construction spending Aug. 0.6% 0.6%

TBA Motor vehicle sales Sept. 16.0 mln 16.1 mln

WEDNESDAY, OCT. 2 8:15 am ADP employment Sept. 175,000 176,000

THURSDAY, OCT. 3

8:30 am Weekly jobless claims 9/28 N/A 305,000

10 am ISM nonmanufacturing Sept. 56.9% 58.6%

10 am Factory orders Aug. 0.3% -2.4%

FRIDAY, OCT. 4 8:30 am Nonfarm payrolls Sept. 180,000 169,000

8:30 am Unemployment rate Sept. 7.3% 7.3%