Special report 19 09-2013 by epic research

DAILY REPORT

19th SEPT. 2013

YOUR MINTVISORY Call us at +91-731-6642300

Global markets at a glance

Key Asian indices end the day in the green. European mar-

kets edge higher and the US futures indicate a positive

opening for Wall Street.

Asian stocks rose, with the regional benchmark index trad-

ing near a four-month high . Hong Kong’s Hang Seng Index

slipped 0.3 %and Taiwan’s Taiex Index slid 0.5 percent.

China’s Shanghai Composite Index added 0.3 percent,

while Singapore’s Straits Times Index climbed 0.5 %. Asian

shares and currencies looked set to surge today morning

after the U.S. Federal Reserve stunned markets

Wall Street Update

The Federal Reserve unexpectedly refrained from reducing

the $85 billion pace of monthly bond buying, saying it

needs more evidence of lasting improvement in the econ-

omy and warning that an increase in interest rates threat-

ened to curb the expansion.

Wall Street banks, facing a drop in third-quarter trading

revenue. Banks including JPMorgan Chase & Co.

(JPM) and Barclays Plc (BARC) have indicated to investors

that trading revenue for the period probably will be down

from a year earlier.

Previous day Roundup

After opening on a weak note and tepid trading session,

the Sensex closed at 158.13 points or 0.80 %at 19962.16.

The Nifty too managed to end above the 5900 level at

5909.90, up 59.70 points. About 1209 shares have ad-

vanced, 1105 shares declined, and 179 shares are un-

changed.

Index stats

Bank Nifty & Bankex both gained 1.64%& 1.56% respec-

tively, while all the sectors also resulted upside closing in

yesterday’s session; Consumer Durables [up 24.97 pts], IT

[11.82 pts], Oil & Gas [up 74.14pts], TECK [up 10.32pts],

PSU [up 43.12pts], Metals [up 1.18pts], Capital Goods [up

41.03pts], AUTO [up 1.44 pts], Healthcare [up 74.30pts],

Power [up 7.52pts] REALTY [up 25.98pts], FMCG [up

92.68pts]. traded upward.

World Indices

Index Value % Change

D J l 15,676.94 +0.95

S&P 500 1,725.52 +1.22

NASDAQ 3,783.64 +1.01

EURO STO 2,908.92 +0.62

FTSE 100 6,558.82 -0.17

Nikkei 225 14,657.73 +1.05

Hong Kong 23,517.51 +1.73

Top Gainers

Company CMP Change % Chg

DLF 161.40 7.55 +4.91

NTPC 145.75 5.60 +4.00

TATAPOWER 78.60 3.00 +3.97

GRASIM 2,613.15 93.75 +3.72

BANKBARODA 534.90 17.15 +3.31

Top Losers


BHEL 130.50 6.05 -4.43

HEROMOTOCO 2,012.00 61.15 -2.95

SESAGOA 177.75 2.80 -1.55

CAIRN 318.85 4.50 -1.39

NMDC 122.70 1.20 -0.97

Stocks at 52 Week’s high

Symbol Prev. Close Change %Chg

CMAHENDRA 206.00 5.65 +2.82

DENSO 126.00 0.30 +0.24

FSL 15.85 0.70 +4.68

GALLISPAT 190.90 14.25 +8.07

LAOPALA 467.00 18.30 +4.08

Top Losers


NIFTY 19,962.16 158.13 +0.84

SENSEX 5,899.45 49.25 +0.80

Stocks at 52 Week’s Low

Symbol Prev. Close Change %Chg

GODREJPROP 378.65 -2.70 -0.71

HTMEDIA 82.95 -2.80 -3.27

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DAILY REPORT

19th SEPT. 2013


STOCK RECOMMENDATIONS [FUTURE] 1. ORIENTAL BANK

ORIENTAL BANK is looking strong on charts, long build up

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

sustain above 175 levels. We advise buying around 173-175

levels with strict stop loss of 169 for the targets of 178-181

levels.

2. YES BANK

YES BANK FUTURE is looking strong on charts, long build up

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

sustain above 315 levels. We advise buying around 315-320

levels with strict stop loss of 300 for the targets of 325-335

levels.

STOCK RECOMMENDATION [CASH] 1. PANACEA BIOTECH

PANACEA BIOTECH is looking strong on charts . We advise

buying around 135 with strict stop loss of 128 for the tar-

gets of 139-145 levels.

MACRO NEWS The Fed said it would await evidence of a more stable econ-

omy before adjusting the pace of its purchases.

The Fed also downgraded its forecasts for the US economy.

EQUITY CASH & FUTURE

CORPORATE ACTION TODAY

SCRIP ACTION Rs. Per Share

TECHM DIVIDEND 5

WELSPUNIND DIVIDEND 2

ESSARPORTS DIVIDEND 0.5

WELCORP DIVIDEND 0.5

RUSHIL DIVIDEND 0.5

SUNPHARMA DIVIDEND 2.5

AMBIKCO DIVIDEND 9.5

GITANJALI DIVIDEND 3

STCINDIA DIVIDEND 2

SURYALAXMI DIVIDEND 2

FLEXITUFF DIVIDEND 1

MONNETISPA DIVIDEND 1.5

NMDC DIVIDEND 4

SINTEX DIVIDEND 0.7


DAILY REPORT

19th SEPT. 2013


FUTURE & OPTION

MOST ACTIVE PUT OPTION

Symbol Option

Type

Strike

Price

LTP Traded

Volume

(Contracts)

Open

Interest

NIFTY PE 5,800 59.95 2,40,248 48,18,850

NIFTY PE 5,700 37.70 2,11,066 48,80,800

NIFTY PE 5,900 91.85 1,49,184 40,12,300

BANK NIFTY PE 10,000 125.30 17,845 3,00,850

SBIN PE 1,600 24.65 3,163 2,57,750

AXISBANK PE 1000 16.25 1,434 4,14,250

RELIANCE PE 840 6.80 1,402 4,75,250

DLF PE 150 3.25 1,549 12,87,000

MOST ACTIVE CALL OPTION

Symbol Option

Type

Strike

Price

LTP Traded

Volume

(Contracts)

Open

Interest

NIFTY CE 6,000 82.50 3,03,219 59,07,550

NIFTY CE 6,100 45.55 2,47,388 40,67,800

NIFTY CE 5,900 134.80 2,30,749 40,37,850

BANKNIFTY CE 11,000 125.00 17,035 2,97,725

SBIN CE 1,700 48.50 7,450 4,34,250

RELIANCE CE 880 18.95 3,030 3,75,750

DLF CE 160 8.15 2,964 11,76.000

JPASSOCIAT CE 45 0.45 2,583 84,28,000

AXISBANK CE 1,100 41.00 2,732 2,51,000

FII DERIVATIVES STATISTICS

BUY SELL OPEN INTEREST AT THE END OF THE DAY

No. of

Contracts Amount in

Crores No. of

Contracts Amount in

Crores No. of

Contracts Amount in

Crores NET AMOUNT

INDEX FUTURES 58917 1729.85 54232 1585.53 452611 13154.40 144.32

INDEX OPTIONS 427767 12353.68 471778 13557.70 2409948 70792.04 -1204.02

STOCK FUTURES 59284 1541.19 78202 2061.39 1038044 28581.35 -520.20

STOCK OPTIONS 22555 578.20 24262 617.71 69599 1917.85 -39.51

TOTAL -1619.41

INDICES S2 S1 PIVOT R1 R2

NIFTY 5808.81 5854.13 5885.51 5930.83 5962.21

NIFTYJUNIOR 10986.43 11043.96 11080.43 11137.96 11174.43

STOCKS IN NEWS TVS Motor Co eyes over 10 per cent sales growth this fiscal, launches 'Jupiter' scooter. Suzlon unit REpower UK bags 4 contracts. Power Ministry favors returning surplus coal to Coal India. ICICI Ventures invests Rs 150 crore in Adlabs Imagica. GMR sells 74% stake in Ulundurpet Expressways for Rs 222 crore.

NIFTY FUTURE

Nifty Future as expected closed in the green but facing

strong resistance near 6000 & support near 5850. We

advise buying around 5900-5920 with strict stop loss of

5860 for the targets of 5950-5980 levels.


DAILY REPORT

19th SEPT. 2013


RECOMMENDATIONS

SILVER

TRADING STRATEGY: SELL SILVER DEC BELOW 49200 TGTS 48900,48600 SL 49600 BUY SILVER DEC ABOVE 49950 TGTS 50250/50550 SL

49450

GOLD

TRADING STRATEGY: BUY GOLD OCT ABOVE 30200TGTS 30300,30400 SL 30100 SELL GOLD OCT BELOW 29800TGTS 29700/29600 SL 29920

COMMODITY ROUNDUP

India's commodity futures market regulator, Forward Mar-

kets Commission (FMC) has stopped trading in metals and

energy futures on Saturdays while there would be trading

in agri-commodities.

Crude oil futures are trading flat in the Asia electronic

trades today after tumbling by more than 1% yesterday.

Crude oil for November delivery is trading flat at $104.85 a

barrel on the New York Mercantile Exchange

Aluminium stocks fell sharply by 5575 tons to 5387650

tons on Wednesday at London Metal Exchange (LME)

while copper stocks fell 2650 tons to 571950 tons. On the

gainers side, zinc stocks topped with 3900 tons to 981000

tons, while Nickel gained by 2136 tons to 218448 tons.

Gold futures for December delivery on Globex platform of

Comex was seen trading down by 0.55% at $1302.1 per

troy ounce as of 16.08 IST yesterday. India gold futures

continued its bearish rally on Wednesday on weak global

cues. MCX gold for October delivery was seen trading

down by 0.65% at Rs.29529 per 10 grams as of 15.36 IST

on Wednesday. Gold futures for December delivery on

Globex platform of Comex was seen trading down by

0.55% at $1302.1 per troy ounce as of 16.08 IST on

Wednesday.

MCX Copper futures traded on a flat note in the early

moves yesterday. Global copper prices eased to their five-

week low last week. China unwrought Copper imports de-

clined on a monthly basis on August 2013. The total un-

wrought Copper imports to China were 387654 tonnes,

down 5.6% from 410680 tonnes in July 2013. MCX Copper

has become quite weak in the daily charts after it

breached Rs 461 on the lower side. The settlement was at

Rs 456.6 per kg, down 0.14%.

COMMODITY MCX


DAILY REPORT

19th SEPT. 2013


RECOMMENDATIONS CASTORSEED

SELL CASTORSEED BELOW 3580 TG 3550,3510 SL 3590 BUY CASTORSEED ABOVE 3610 TG 3640,3680 SL 3570

DHANIYA

SELL DHANIYA BELOW 5770 TG 5745,5710 SL 5810 BUY DHANIYA ABOVE 5820 TG 5850,5890 SL 5780

NCDEX ROUNDUP

India needs to rapidly ramp up its grain storage facility to

meet the requirements of storage of food grains, pulses

and other agri-commodities. At present about 99% of the

storage is in 50 kg bags in state owned warehouses that

lead to losses of 10% on an average. The Food Corporation

of India (FCI) has a storage capacity of 27 mn tons for

wheat and rice while state agencies have a capacity of 6

mn tons taking the total capacity to 43 mn tons.

Spot turmeric prices continue to trade under Rs 5000 per

quintal levels. The first week of Septmber had witnessed

good gains as some delay was seen in new crop. However,

this week, the prices have yet again given up their gains

and are back to losing spree. Steady to firm arrivals had

kept a tab on turmeric prices in last few days.

Jeera eased modestly yet again, nearing Rs 13600 per quin-

tal levels- its lowest mark in around three weeks. However,

the supply remains poor and demand is expected to sup-

port prices in near term. Heavy rainfall has been witnessed

in few regions Gujarat though no major impact of the same

has been seen so far. Spot prices are down Rs 20 at Rs

13620 per quitnla in Unjha yesterday.

NCDEX

NCDEX INDICES

Index Value % Change

Castor Seed 3511 -0.99

Chana 3040 -0.91

Chilli 5570 -0.46

Coriander 5640 -0.28

Cotton Seed Oilcake 1811 +0.95

Jeera 13155 -0.55

Mustard seed 3498 -0.23

Ref Soya Oil 674 -0.88

Sugar M Grade 2970 +0.95

Turmeric 4542 -1.77


DAILY REPORT

19th SEPT. 2013


GBP/INR

GBP/INR has closed @101.2800. If it sustains above the

level of 101.60, it can touch the level of 101.87 & 102.24. If

it breaks the level of 100.30, it can touch the levels of

99.87 & 99.40.

USD/INR

USD/INR has closed @63.4450. If it sustains above the

level of 63.90, it can touch the level of 64.43 & 64.67. If it

breaks the level of 63.00, it can touch the level of 62.66 &

62.20.

CURRENCY ROUNDUP

The Indian currency opened the day at 63.25 per dollar,

slightly stronger than Tuesday’s close, and has since gained

further ground against the greenback. A weak dollar as

well as the recent RBI measures are said to be propping up

the rupee today. Exporters and FIIs have been noted sell-

ing dollars.

The rupee washed out earlier losses Wednesday and was

quoted higher by 19 paise to 63.18 per dollar on fresh sell-

ing of the US currency by banks and exporters on the back

of its weakness overseas. The rupee resumed lower at

63.45 per dollar as against the last closing level of 63.37 at

the Interbank Foreign Exchange (Forex) Market on good

dollar demand from banks and importers.

The U.S. dollar held near a four-week trough against a bas-

ket of major currencies in early Asian trade on Wednesday

as investors bet that any move by the U.S. Federal Reserve

to roll back stimulus will be very modest. The euro stood at

$1.3357, near a 2-1/2 week peak of $1.3385 reached on

Monday.

The dollar sank to a seven-month low on Wednesday after

the Federal Reserve shocked investors by deciding to con-

tinue its massive stimulus program. The dollar index fell as

low as 80.376, the lowest since Feb. 20. It was last at

80.481, down 0.8 per cent.

The euro, meanwhile, climbed to a seven-month peak of

$1.3486. It last changed hands at $1.3469, up 0.8 per cent.

Against the yen, the dollar fell to 97.98 yen, a three-week

low and by mid-afternoon trading, it was down 0.8 per

cent at 98.35.

CURRENCY

RBI Reference Rate

Currency Rate Currency Rate

Rupee- $ 63.1440 Yen-100 63.6500

Euro 84.3675 GBP 100.4810


DAILY REPORT

19th SEPT. 2013


CALL REPORT

Disclaimer

US ECONOMIC REPORT

PERFORMANCE UPDATES

Date Commodity/ Currency

Pairs Contract Strategy Entry Level Target Stop Loss Remark

18/09/13 MCX GOLD OCT. BUY 29450 29550-29650 29350 BOOKED FULL PROFIT

18/09/13 MCX SILVER DEC. BUY 49200 49500-49800 49700 BOOKED PROFIT

18/09/13 MCX GOLD OCT. SELL 29600 29500-29400 29720 BOOED FUL PROFIT

18/09/13 MCX SILVER DEC. SELL 49300 49100-48800 49720 BOOKED FULL PROFIT

18/09/13 NCDEX CASTOR SEED SEP BUY 3640 3665-3700 3600 SL TRIGGERED

18/09/13 NCDEX CASTOR SEED SEP SELL 3610 3585-3550 3650 BOOKED FULL PROFIT

18/09/13 NCDEX DHANIYA SEP BUY 5770 5800-5840 5730 BOOKED PROFIT

18/09/13 NCDEX DHANIYA SEP SELL 5740 5715-5680 5790 BOOKED PROFIT

18/09/13 GBP/INR SEP SELL 100.15 99.87-99.40 NOT EXECUTED

18/09/13 JPY/INR SEP SELL 63.20 62.90-62.45 NOT EXECUTED

18/09/13 GBP/INR SEP BUY 101.80 102.24-102.99 NOT EXECUTED

18/09/13 JPY/INR SEP BUY 64.75 65.09-65.42 NOT EXECUTED

Date Scrip

CASH/

FUTURE/

OPTION

Strategy Entry Level Target Stop Loss Remark

18/09/13 NIFTY FUTURE BUY 5830-5850 5900-5920 5800 NOT EXECUTED

18/09/13 RAYMOND FUTURE BUY 230-232 237-239 225 BOOKED PROFIT

18/09/13 YESBANK FUTURE BUY 300 305-309 292 BOOKED FULL PROFIT

18/09/13 HEIDELBERG CEMENT

CASH BUY 38.50 40-42 34 NOT EXECUTED

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TIME (ET) REPORT PERIOD ACTUAL CONSENSUS FORECAST PREVIOUS

THURSDAY, SEPT. 19

8:30 AM WEEKLY JOBLESS CLAIMS 9/14 N/A N/A

10 AM EXISTING HOME SALES AUG. 5.30 5.39 MLN

10 AM PHILLY FED SEPT. 11.8 9.3

10 AM LEADING INDICATORS AUG. 0.4% 0.6%

12 noon FINANCIAL ACCOUNTS Q2

FRIDAY, SEPT. 20

NONE SCHEDULED


Special report 19 09-2013 by epic research

Economy & Finance

Transcript of Special report 19 09-2013 by epic research