Special report 12 sep-2013 by epic research

DAILY REPORT

12th SEPT. 2013

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Global markets at a glance

Global stocks were mixed Wednesday amid optimism

about a possible Chinese recovery and concern over a pos-

sible U.S. attack on Syria. U.S. stocks closed higher on

Wednesday, with the S&P 500 up for a seventh straight

day, as geopolitical fears eased amid diplomatic efforts to

allow Syria to surrender its chemical weapons, averting a

U.S. military strike.

Nikkei 225 index, the regional heavyweight, shed early

gains to flatten out at 14,425.07 points while China's

benchmark Shanghai Composite Index gained 0.2 percent

to 2,241.27. Hang Seng fell 0.2 % to 22,937.14.

In Europe, Britain's FTSE 100 fell 0.1 % to 6,575.96 in early

trading. Germany's DAX added 0.3 % to 8,468.15 while

France's CAC-40 shed 0.2 % to 4,107.38.

Wall Street Update

WALL Street's watchdog will present a plan to its board

next week that would require brokers that get a bonus to

switch firms to disclose that fact to clients they want to

bring with them. The proposal by the industry-funded Fi-

nancial Industry Regulatory Authority will be discussed on

Sept 19.

Previous day Roundup

It was a subdued session on Dalal Street. After some profit

booking earlier during the session, both the Sensex and

Nifty end the day on a flat note. The Sensex ended 0.35

points at 19997.45, and the Nifty closed up 16.40 points or

0.28 percent at 5913.15. About 1409 shares have ad-

vanced, 926 shares declined, and 160 shares are un-

changed.

Index stats

Bank Nifty & Bankex both gained %& % respectively, while

all the sectors also resulted upside closing in yesterday’s

session; Consumer Durables [down 39.05 pts], IT [down

19.12pts], Oil & Gas [down 18.73pts], TECK [down

8.15pts], FMCG [down 75.98pts]. Whereas sectors like:

PSU [up 78.44pts], Metals [up 278.28pts], Capital Goods

[up 107.74pts], AUTO [up 9.21pts], Healthcare [up

105.74pts], REALTY [up 33.99pts] traded upward.

World Indices

Index Value % Change

D J l 15,326.60 +0.89

S&P 500 1,689.13 +0.31

NASDAQ 3,725.01 -0.11

EURO STO 2,863.44 +0.42

FTSE 100 6,588.43 +0.07

Nikkei 225 14,363.99 -0.42

Hong Kong 22,975.89 +0.17

Top Gainers

Company CMP Change % Chg

BANKBARODA 521.00 39.45 8.19

PNB 497.00 33.25 7.17

DLF 151.30 8.35 5.84

JPASSOCIAT 43.05 2.15 5.26

GRASIM 2,564.40 114.50 4.67

Top Losers


POWERGRID 99.10 -3.15 -3.08

CAIRN 319.00 -9.30 -2.83

TATAMOTORS 341.20 -8.40 -2.40

ITC 329.05 -6.85 -2.04

HINDUNILVR 640.95 -12.55 -1.92

Stocks at 52 Week’s high

Symbol Prev. Close Change %Chg

AMARAJABAT 305.00 +13.20 +4.52

CMAHENDRA 188.80 +1.00 +0.53

DENSO 108.50 -0.50 -0.46

HCLTECH 1,061.85 -0.80 -0.08

HEROMOTOCO 2,088.05 15.00 +0.72

Top Losers


NIFTY 5,913.15 +16.40 +0.28

SENSEX 19,997.45 +0.35 0.00

Stocks at 52 Week’s Low

Symbol Prev. Close Change %Chg

INSECTCID 299.95 +0.15 +0.05

JMCPROJECT 59.00 -1.75 -2.88

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DAILY REPORT

12th SEPT. 2013


STOCK RECOMMENDATIONS [FUTURE] 1. HAVELLS FUTURE

HAVELLS is looking strong on charts, long build up has been seen, we may see more upside, if it continues to sustain above 650. We advise buying around 645-650 levels with strict stop loss of 625 for the targets of 660-680 levels. 2. BANK OF INDIA

BANK OF INDIA F is looking strong on charts, long build up has been seen, we may see more upside, if it continues to sustain above 170. We advise buying above 170 with strict stop loss of 164 for the targets of 173-175 levels.

STOCK RECOMMENDATION [CASH] 1. FINANCIAL TECH

FINANCIAL TECH is looking strong on charts . We advise buying above 192 with strict stop loss of 183 for the targets of 198-205-215 levels. MACRO NEWS

Steel ministry for units in rural areas to boost consump-tion The per capita steel consumption in rural areas. Despite the stellar recovery seen in equities, Steve Brice of Standard Chartered Bank says FIIs continue to ap-proach the Indian market with caution. Today India's cabinet will consider a finance ministry proposal to allow the country to borrow an addi-tional.$4.3 billion from the World Bank by investing in special bonds, in effect leveraging its forex reserves.

EQUITY CASH & FUTURE

CORPORATE ACTION TODAY

SCRIP ACTION Rs. Per Share

SUNTV DIVIDEND 2

VADILALIND DIVIDEND 1.5

OIL DIVIDEND 7

FIEMIND DIVIDEND 4

BALPHARMA DIVIDEND 0.75

JINDALPOLY DIVIDEND 1

DREDGECORP DIVIDEND 2

MUTHOOTFIN DIVIDEND 4.5

HARRMALAYA DIVIDEND 0.75

GHCL DIVIDEND 2


DAILY REPORT

12th SEPT. 2013


FUTURE & OPTION

MOST ACTIVE PUT OPTION

Symbol Option

Type

Strike

Price

LTP Traded

Volume

(Contracts)

Open

Interest

NIFTY PE 5,700 64.40 3,12,060 38,43,300

NIFTY PE 5,800 88.90 2,98,587 38,15,500

NIFTY PE 5,600 46.95 2,43,998 53,28,250

BANK NIFTY PE 9,500 121.60 12,716 1,71,900

SBIN PE 1,600 36.95 4,899 2,13,875

AXISBANK PE 950 30.00 1,832 2,77,750

RELIANCE PE 860 14.95 1,996 2,81,250

JPASSOCIAT PE 40 1.90 1,641 30,92,000

MOST ACTIVE CALL OPTION

Symbol Option

Type

Strike

Price

LTP Traded

Volume

(Contracts)

Open

Interest

NIFTY CE 6,000 103.15 3,43,272 43,20,900

NIFTY CE 6,100 61.85 3,35,083 31,43,450

NIFTY CE 6,200 34.30 2,22,859 26,65,250

BANKNIFTY CE 11,000 1665.00 17,563 1,57,075

SBIN CE 1,700 74.50 9,817 3,09,000

MCDOWELL-N CE 2,600 69.50 3,145 1,60,750

RELIANCE CE 900 23.25 3,244 5,37,000

JPASSOCIAT CE 45 2.75 6,152 54,44,000

AXISBANK CE 1,050 43.00 2,945 2,02,250

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 93119 2725.21 102581 2998.05 458573 13308.12 -272.84

INDEX OPTIONS 648829 18421.15 656754 18680.61 2279719 67189.24 -259.45

STOCK FUTURES 83787 2175.63 96671 2490.20 1036569 28874.39 -314.57

STOCK OPTIONS 32426 802.24 32404 795.08 59528 1689.59 7.16

TOTAL -839.70

INDICES S2 S1 PIVOT R1 R2

NIFTY 5798.41 5855.78 5890.06 5947.43 5981.71

NIFTYJUNIOR 10954.9 11079.25 11159.8 11284.15 11364.7

STOCKS IN NEWS Escorts enters Cambodian market, launches 'Farmtrac' tractor range. Reliance Jio, Airtel and Vodafone to bid aggres-sively for spectrum. Banks borrow Rs 65,168 crore from RBI under MSF on Sep 10. UltraTech to buy JP’s Gujarat Cement plants for Rs 3,800 crore. United Spirits Limited to act as sales agent for Dia-geo’s global brands.

NIFTY FUTURE

Nifty Future as expected closed in the green in the last trading session. We advise buying on dips around 5880-5900 with strict stop loss of 5850 for the targets of 5950-5980 levels.


DAILY REPORT

12th SEPT. 2013


RECOMMENDATIONS

SILVER

TRADING STRATEGY: BUY SILVER ABOVE 52800 TGTS 53000/53200 SL 52500 SELL SILVER BELOW 52000 TGTS 51800/51600 SL 52300 GOLD

TRADING STRATEGY: BUY GOLD ABOVE 30750TGTS 30850/3950 SL 30650 SELL GOLD BELOW 30500 TGTS 30400/30300 SL 30600

COMMODITY ROUNDUP

Gold futures touched near three-week low on Wednes-

day's trading session, as the threat of U.S. military inter-

vention in Syria appeared to diminish, denting the safe-

haven appeal of the precious metal.

MCX gold futures which hit a all time high of Rs 35074 per

10 grams in last week of August broke below Rs 31000

tumbling more than Rs 4000 or 12% from those levels. At

the same time the Indian Rupee has gained by 6% to 64.21

per US dollar since hitting its lifetime low of $68.85. On the

international front, the metal fell back below the $1400

mark and is trading near $1360 an ounce levels recently.

MCX Copper stayed supportive today, rising on the back of

gains in global prices and some fresh buying support in

local markets after a correction in the last session.

Crude oil futures slipped in the early electronic trades to-

day as the US dollar shot up. Crude oil for October delivery

fell 46 cents, or 0.4%, to $106.92 a barrel in electronic

trade on the New York Mercantile Exchange. Yesterday, it

fell $2.13, or 1.9%, to settle at $107.39 a barrel.

Crude oil prices edged up in choppy trading on Wednesday

as investors worried about whether diplomatic efforts to

eliminate Syria's chemical weapons would avert military

action that could disrupt oil supplies from the Middle East.

India lead futures continued its downward movement on

Wednesday and was seen trading down amid appreciation

of Indian Rupee (INR) against US Dollar (USD) while nickel

was seen trading volatile. MCX lead for September delivery

was seen trading flat at Rs.135.40 per kilogram as of 17.42

IST on Wednesday. MCX nickel for September delivery was

seen trading up by 0.28% at Rs.873.50 per kilogram as of

17.46 IST.

COMMODITY MCX


DAILY REPORT

12th SEPT. 2013


RECOMMENDATIONS CASTORSEED

BUY CASTORSEED SEP ABOVE 3755 TG 3780,3820 SL 3710. SELL CASTORSEED SEP BELOW 3720 TG 3695,3650 SL 3765.

DHANIYA

BUY DHANIYA OCT ABOVE 5715 TG 5690,5650 SL 5750. SELL DHANIYA OCT BELOW 5672 TG 5650,5610 SL 5710.

NCDEX ROUNDUP

India sugar futures continued their negative trend amid

weak demand at both spot and futures market. Sugar for

October delivery on NCDEX is negative.

India's Gross Domestic Product (GDP) may grow 5.2% in

2013-14, if agriculture sector witnesses a growth of 6% on

bountiful and well-distributed monsoon. Farm GDP growth

could more than double from last year’s 1.9% to 4.5%. This

will help check food prices and support rural consumption.

The launch of April 2014 expiry contract in Turmeric which

is scheduled on September 10,2013, has been postponed

till further notice.

Fresh selling is likely to persist in jeera futures from higher

levels on the back of mounting supplies by stockiest along

with weak demand by exporters. The NCDEX JEERA futures

declined by Rs 177 per quintal in the last trading.

China imported 3 million tons of corn in 2012/13 and the

USDA is estimating that they will import 7 million tons of

corn in 2013/14.

NCDEX

NCDEX INDICES

Index Value % Change

Castor Seed 3624 -0.55

Chana 3004 +0.30

Chilli 4686 -3.98

Coriander 5495 +0.31

Cotton Seed Oilcake 1685 -1.00

Jeera 13220 -0.13

Mustard seed 3462 +1.05

Ref Soya Oil 682.55 +0.70

Sugar M Grade 3001 +0.50

Turmeric 4714 -3.99


DAILY REPORT

12th SEPT. 2013


EUR/INR

EUR/INR has closed @84.2025. If it breaks below the level

of 83.90, it can touch the level of 83.37 & 82.71. If it sus-

tains above the level of 85.90, it can touch the level of

86.37 & 87.00. JPY/INR

JPY/INR has closed @63.3400. If it breaks below the level

of 63.00, it can touch the level of 62.69 & 62.09. If it sus-

tains above the level of 64.50, it can touch the level of

64.90 & 66.42.

CURRENCY ROUNDUP

Rupee ends at 63.38/39 to dollar vs 63.84/85 in the last

session. The rupee rose to a three-week high on Wednes-

day, extending gains for a fifth session, with corporate sell-

ing the dollar as the Indian currency continued its recov-

ery.

The rupee's sharp recovery has been aided by the easing of

geopolitical concerns, with an attack on Syria appearing

less imminent, and the announcement of a series of steps

to attract inflows by the new central bank Governor. For-

eign institutional investors (FIIs) bought $421.15 million

worth of shares on Tuesday, bringing their total to nearly

$800 million over the previous four sessions. The panic

dollar buying has reduced.

The dollar remained under pressure on growing expecta-

tions that the U.S. Federal Reserve's impending stimulus

reduction might be smaller than some had believed..The

dollar struggled at two-week lows against a basket of ma-

jor currencies early in Asia.

The dollar index slipped about 0.1 percent to 81.474, hav-

ing fallen as far as 81.445 on Wednesday, breaking below

its 200-day moving average and losing more than 1 per-

cent from a seven-week high hit on September 5.

The dollar bought 99.80 yen, down about 0.1 percent. It

moved away from Wednesday's high of 100.60 yen, which

was the highest since July 22, according to Reuters data.

The euro was slightly higher at $1.3315 after rising as high

as $1.3324 on Wednesday, its highest since August 29.

CURRENCY

RBI Reference Rate

Currency Rate Currency Rate

Rupee- $ 63.9035 Yen-100 63.6800

Euro 84.6510 GBP 100.4691


DAILY REPORT

12th SEPT. 2013


CALL REPORT

Disclaimer

US ECONOMIC REPORT

PERFORMANCE UPDATES

Date Commodity/ Currency

Pairs Contract Strategy Entry Level Target Stop Loss Remark

11/09/13 MCX GOLD OCT. BUY 30920 30995-31120 30820 BOOKED FULL PROFIT

11/09/13 MCX SILVER DEC. BUY 52600 52800-53100 52300 BOOKED PROFIT

11/09/13 MCX GOLD OCT. SELL 30450 30300-30150 30600 NOT EXECUTED

11/09/13 MCX SILVER DEC. SELL 51600 51500-51000 51900 NOT EXECUTED

11/09/13 NCDEX CASTOR SEED SEP BUY 3710 3735-3770 3670 BOOKED PROFIT

11/09/13 NCDEX CASTOR SEED SEP SELL 3635 3610-3580 3675 NOT EXECUTED

11/09/13 NCDEX DHANIYA SEP BUY 5770 5800-5830 5730 NOT EXECUTED

11/09/13 NCDEX DHANIYA SEP SELL 5665 5640-5600 5700 BOOKED PROFIT

11/09/13 USD/INR SEP SELL 64.00 63.80-63.17 BOOKED PROFIT

11/09/13 GBP/INR SEP SELL 1100.50 99.72-98.97 BOOKED PROFIT

11/09/13 USD/INR SEP BUY 65.20 65.75-66.35 NOT EXECUTED

11/09/13 GBP/INR SEP BUY 101.85 102.77-103.48 NOT EXECUTED

Date Scrip

CASH/

FUTURE/

OPTION

Strategy Entry Level Target Stop Loss Remark

11/09/13 NIFTY FUTURE BUY 5850-5875 5940-5980 5820 BOOKED PROFIT

11/09/13 TATAMOTORS FUTURE BUY 340-345 355.365 330 CALL OPEN

11/09/13 BHARTIAIRTEL FUTURE BUY 340 350-358 332 CALL OPEN

11/09/13 WOCKHARDT CASH BUY 616 625-640 602 BOOKED FULL PROFIT

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TIME (ET) REPORT PERIOD ACTUAL CONSENSUS FORECAST PREVIOUS

THURSDAY, SEPT. 12

8:30 am Weekly jobless claims 8/31 -- N/A

8:30 am Import price index Aug. 0.6% 0.2%

FRIDAY, SEPT. 13

8:30 am Retail sales Aug. 0.3% 0.2%

8:30 AM RETAIL SALES EX-AUTOS Aug. 0.3% 0.5%

8:30 am Producer price index Aug. 0.2% 0.0%

8:30 AM CORE PPI Aug. 0.2% 0.1%

9:55 am UMich consumer sentiment index Sept. -- 82.1

10 AM BUSINESS INVENTORIES July 0.3% 0.0%


Special report 12 sep-2013 by epic research

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Transcript of Special report 12 sep-2013 by epic research