Special report by epic reseach 24 september 2013

DAILY REPORT

24th SEPT. 2013

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Global markets at a glance

Japanese AND Hong-Kong markets were shut on Monday

for a Public holiday.

European shares traded flat at midday on Monday after

stronger euro zone data. Having hit a session low of

1,258.10, the FTSEurofirst was flat at 1,262.34 by 1009

GMT, along with the broader STOXX 600 at 314.17. Both

pared losses after euro zone PMI data added to signs that

the economy is healing.

Wall Street Update

As widely expected, the Bank of Japan offered to purchase

400 billion yen ($4.05 billion) of 5-year to 10-year JGBs in

the secondary market under its massive JGB buying pro-

gram. Several regional banks sold and bought JGBs to ad-

just their positions ahead of the end of the first half of the

fiscal year on Sept. 30. One regional bank purchased 2-

year to 3-year JGBs, as the bank oversold mid-term JGBs

late last week.

A weak Nikkei, which dropped 0.7 percent, also prompted some safe-haven demand for JGBs.

Previous day Roundup

Equity markets cracked at the start of the expiry week. The

Nifty slumped below 5,900-mark to close at the day's lows.

The Sensex ended down 362.75 points or 1.79 percent to

end at 19900.96, and the Nifty slumped 122.35 points or

2.04 percent at 5889.75. About 990 shares have advanced,

1301 shares declined, and 151 shares are unchanged.

Index stats

Bank Nifty & Bankex both declined 4.45% & 4.41% respec-

tively, while all the sartorial Indices also resulted downside

closing in yesterday’s session, where Oil & Gas [down

155.78pts], PSU [down 145.82pts], Metals [down 0.97pts],

Capital Goods [down 2.64.36pts], AUTO [down 130.38pts],

Healthcare [down 68.88pts], Power [down 34.91pts] RE-

ALTY [down 55.74 pts], FMCG [down 88.71pts], except

Consumer Durables [up 137.20pts], TECK [up 19.30pts], IT

[up 71.34pts], which traded upward.

World Indices

Index Value % Change

D J l 15,401.38 -0.32

S&P 500 1,701.84 -0.47

NASDAQ 3,765.29 -0.25

EURO STO 2,906.35 -0.71

FTSE 100 6,557.37 -0.59

Nikkei 225 14,639.17 -0.70

Hong Kong 23,242.32 -0.55

Top Gainers

Company CMP Change % Chg

SESAGOA 183.20 5.20 +2.92

HCLTECH 1,092.05 30.25 +2.85

HINDALCO 116.00 2.05 +1.80

HEROMOTOCO 2,007.300 25.35 +1.28

DRREDDY 2,396.00 29.75 +1.26

Top Losers


BANKBARODA 509.85 40.30 -7.33

DLF 140.85 10.65 -7.03

AXISBANK 1,030.00 72.35 -6.56

INDUSIND 385.00 26.50 -6.44

JPASSOCIAT 37.60 2.45 -6.12

Stocks at 52 Week’s high

Symbol Prev. Close Change %Chg

ALEMBICLTD 27.85 1.00 +3.72

CMAHENDRA 211.75 0.55 +0.26

DENSO 133.25 6.90 +5.46

HCLTECH 1,092.05 30.25 +2.85

LAOPALA 475.10 20.60 -4.16

Indian Indices


NIFTY 5,889.75 -122.35 -2.04

SENSEX 19,900.96 -362.75 -1.79

Stocks at 52 Week’s Low

Symbol Prev. Close Change %Chg

DHFL 111.20 -3.40 -2.97

PFRL 118.15 -1.45 -1.23

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DAILY REPORT

24th SEPT. 2013


STOCK RECOMMENDATIONS [FUTURE]

1. HCLTECH HCL TECH is looking strong on charts, long build up has

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

tain above 1100. We advise buying above 1100 levels with

strict stop loss of 1080 for the targets of 1120-1150 levels.

2. SBI SBI is looking weak on charts, short build up has been seen,

we may see more downside, if it continues to sustain below

1635. We advise selling below 1635 levels with strict stop

loss of 1680 for the targets of 1605-1580 levels.

STOCK RECOMMENDATION [CASH]

1. PG ELECTROPLAST

PG ELECTROPLAST is looking strong on charts . We advise buying above 141.50 with strict stop loss of 133 for the tar-gets of 145-149-155 levels. MACRO NEWS

Sugar industry asks Uttar Pradesh government for a bailout as losses mount. The Reserve Bank today announced a 13-member com-mittee, the 'Committee on Comprehensive Financial Services for Small Businesses and Low-Income House-holds' has been tasked to develop a comprehensive monitoring framework to track the progress of the fi-nancial inclusion and deepening efforts on a nationwide basis.

EQUITY CASH & FUTURE

CORPORATE ACTION TODAY

SCRIP ACTION Rs. Per Share

APTECHT DIVIDEND 2.5

PRATIBHA DIVIDEND 0.6

GREAVESCOT DIVIDEND 0.3

ALCHEM DIVIDEND 1.5

CARERATING DIVIDEND 8

VIVIMEDLAB DIVIDEND 3

RAJESHEXPO DIVIDEND 1


DAILY REPORT

24th SEPT. 2013


FUTURE & OPTION

MOST ACTIVE PUT OPTION

Symbol Option

Type

Strike

Price

LTP Traded

Volume

(Contracts)

Open

Interest

NIFTY PE 5,900 56.35 8,63,714 46,40,900

NIFTY PE 5,800 24.10 5,51,933 48,60,000

NIFTY PE 6,000 111.60 4,08,171 28,46,950

BANK NIFTY PE 10,000 116.00 44,518 2,75,975

SBIN PE 1,650 33.20 6,391 1,01,250

AXISBANK PE 1000 14.60 2,776 2,50,500

RELIANCE PE 880 14.50 2,195 2,12,500

DLF PE 140 3.70 3,186 10,10,000

MOST ACTIVE CALL OPTION

Symbol Option

Type

Strike

Price

LTP Traded

Volume

(Contracts)

Open

Interest

NIFTY CE 6,000 25.60 7,36,676 69,11,800

NIFTY CE 6,100 6.80 5,22,845 48,51,850

NIFTY CE 6,200 1.95 3,33,873 42,35,050

BANKNIFTY CE 11,000 12.00 37,294 3,33,550

SBIN CE 1,700 14.80 11,640 3,46,125

RELIANCE CE 900 4.10 3,367 6,32,250

DLF CE 150 1.80 4,367 16,00,000

JPASSOCIAT CE 40 0.45 4,727 50,32,000

AXISBANK CE 1,100 7.20 3,525 3,43,500

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 132825 3870.10 137209 3958.60 601146 17497.93 -88.50

INDEX OPTIONS 999647 29138.58 996349 29073.15 2627594 76969.00 65.43

STOCK FUTURES 249996 6697.88 280065 7446.10 1043282 28889.06 -748.22

STOCK OPTIONS 51494 1342.40 51749 1319.69 79892 2177.94 22.71

TOTAL -748.57

INDICES S2 S1 PIVOT R1 R2

NIFTY 5798.85 5844.29 5916.85 5962.29 6034.85

NIFTYJUNIOR 11136.49 11206.34 11322.4 11392.25 11508.3

STOCKS IN NEWS Tata Power signs pact with EESL for energy effi-ciency Reliance Jio opposes Trai's move to hike spectrum usage charge Government to fast-track Tata-SIA airline. Strides Arcolab to reward shareholders with up to Rs 800/share. Tata Steel announces Rs 180 cr bonus payout to employees for 2012-13.

NIFTY FUTURE

Nifty Future as expected closed in the red in the last

trading session. We advice selling on rise around 5950-

5940 with strict stop loss of 6000 for the targets of

5925-5900 levels.


DAILY REPORT

24th SEPT. 2013


RECOMMENDATIONS

SILVER

TRADING STRATEGY: SELL SILVER DEC BELOW 49150TGTS 48850,48550 SL 49550 BUY SILVER DEC ABOVE 49500TGTS 49800,50100 SL 49100

GOLD

TRADING STRATEGY: BUY GOLD OCT ABOVE 29550 TGTS 29650,29750 SL 29420 SELL GOLD OCT BELOW 29800 TGTS 29700,29600 SL 29930

COMMODITY ROUNDUP

India’s non-oil trade deficit in the current financial year is

likely to be much lower than $81.8 billion witnessed in the

fiscal 2012-13. The oil trade deficit – difference between

imports of crude oil and export of petro –products was

much higher at $109 billion in the previous financial year

and the trend is likely to continue in the fiscal 2013-14 as

well. Crude oil futures on NYMEX slightly rose on Monday

amid positive data releases from China and Europe. How-

ever, the commodity was seen trading under pressure on

fresh concerns that US Federal Reserve may start curbing

its monetary stimulus later this year on improving eco-

nomic conditions in the U.S. WTI crude oil futures on NY-

MEX was seen trading with a slight gain of 10 cents at

$104.85 per barrel as of 16.51 IST on Monday.

MCX natural gas futures for September delivery was seen

trading up by 0.39% at Rs. 229.50 per per mmBtu as of

16.43 IST on Monday.

HSBC Flash China Manufacturing PMI touched a six-month

high of 51.2, (50.1 in August) while Flash China Manufac-

turing Output Index rose to five month high of 51.1, (50.9

in August).

India silver futures was seen trading bearish tracking a

down trend in the global market. MCX silver futures for

December delivery was seen trading down by 0.43% at

Rs.49085 per kilogram as of 14.47 IST on Monday. Silver

futures for December delivery on Globex platform of

Comex was seen trading with a loss of 22 cents at $21.78

per troy ounce as of 15.12 IST .

Copper prices edged down in the international market and

were seen trading down. Copper futures for December

delivery on Globex platform of Comex was seen trading

down by 0.87% at $3.291 per pound as of 16.14 IST. MCX

copper for November delivery was seen trading down by

0.64% at Rs. 463 per kg as of 16.07 IST on Monday.

COMMODITY MCX


DAILY REPORT

24th SEPT. 2013


RECOMMENDATIONS CASTORSEED

SELL CASTORSEED BELOW 3484 TG 3450,3420 SL 3520 BUY CASTORSEED ABOVE 3500 TG 3525,3550 SL 3460

DHANIYA

SELL DHANIYA BELOW 5525 TG 5500,5470 SL 5560 BUY DHANIYA ABOVE 5560 TG 5600,5640 SL 5520

NCDEX ROUNDUP

The data monitored by India's Ministry of Consumer Affairs

and Food for the prices of edible oils during the week end-

ing September 19 showed steady readings across the coun-

try. During the week, prices of groundnut oil remained

steady at all reporting centers and decreased at two cen-

ters Jammu and Puducherry.

Prices of mustard oil also remained steady at most of the

centers and in fact decreased at four centers which are

Mumbai, Bhagalpur, Bhubaneswar and Sambalpur.

prices of Vanaspati remained steady at all the reporting

centers and declined at three centers which are Dehradun,

Mumbai and Bhubaneswar. US 2013-14.

Rice forecast raised 2% to 185.1 million cwt Higher pro-

duction forecast boosts world wheat supply prospects US

Rice exports rise to 98.0 million cwt on greater supplies

Projected US Wheat supplies for 2013-14 raised 10 mn

bushels Global Cotton consumption to hit 109.5 million

bales in 2013-14: USDA Brazil’s soybean production may

hit 88 MMT in 2013-14

NCDEX

NCDEX INDICES

Index Value % Change

Castor Seed 3486 -3.99

Chana 3079 +1.18

Chilli 5544 -0.65

Coriander 5540 -2.53

Cotton Seed Oilcake 1447 +0.07

Jeera 13035 -1.70

Mustard seed 3497 +0.23

Ref Soya Oil 661.9 +1.29

Sugar M Grade 2919 -0.31

Turmeric 4876 -0.29


DAILY REPORT

24th SEPT. 2013


EUR/INR

EUR/INR has closed @84.6225. If it breaks 84.45, it can touch the level of 84.20 & 83.80. If it sustains above the level of 85.20, it can touch the level of 885.29 & 85.54.

USD/INR

USD/INR has closed @62.6250. If it breaks 62.45, it can touch the level of 62.15 & 61.90. If it sustains above the level of 63.20, it can touch the level of 63.50 & 63.89.

CURRENCY ROUNDUP

The partially convertible rupee was trading at 62.53/54 per

dollar at 9:03 a.m., compared to its close of 62.23/24 on

Friday. The intrinsic value of the rupee is between 58 and

60 against the dollar, overseas speculators were partly re-

sponsible for the sharp fall in the currency over the past

few months. .

The rupee extended its fall on Monday, hurt by sharp

losses in the domestic share market following a surprise

rate hike by the Reserve Bank of India on Friday, while

fears of a tapering by Fed in October also weighed. The

rupee's rally following the Fed's decision to refrain from

tapering its massive asset purchase program on Wednes-

day was short-lived as the RBI chief Raghuram Rajan put

inflation management back at the forefront and chose to

raise key policy rates on Friday.

In the offshore non-deliverable forwards, the one-month

contract was at 63.39 while the three-month was at 64.52.

In the currency futures market, the most-traded near-

month dollar/rupee contracts on the National Stock Ex-

change, the MCX-SX and the United Stock Exchange all

closed at around 62.66 with a total traded volume of $2.22

billion.

Although the US Dollar posted widespread declines as the

North American session opened and Fed tapering specula-

tion took its toll on the safe-haven asset, the Rupee sof-

tened against its US peer as the Reserve Bank of India’s

surprising rate cut triggered steep losses in the local share

market.

The US Dollar to Indian Rupee Exchange Rate was in the

region of 62.6000 as of 15:15 GMT

CURRENCY

RBI Reference Rate

Currency Rate Currency Rate

Rupee- $ 62.5200 Yen-100 63.1700

Euro 84.6710 GBP 100.2571


DAILY REPORT

24th SEPT. 2013


CALL REPORT

Disclaimer

US ECONOMIC REPORT

PERFORMANCE UPDATES

Date Commodity/ Currency

Pairs Contract Strategy Entry Level Target Stop Loss Remark

23/09/13 MCX GOLD OCT. BUY 30150 30250-30350 30030 NOT EXECUTED

23/09/13 MCX SILVER DEC. BUY 49500 49750-49900 49300 NOT EXECUTED

23/09/13 MCX GOLD OCT. SELL 29750 29670-29600 29850 NO PROFIT NO LOSS

23/09/13 MCX SILVER DEC. SELL 49150 49000-48850 50120 NOT EXECUTED

23/09/13 NCDEX CASTOR SEED SEP BUY 3765 3790-3830 3725 BOOKED PROFIT

23/09/13 NCDEX CASTOR SEED SEP SELL 3600 3575-3535 3640 BOOOKED FULL PROFIT

23/09/13 NCDEX CHANA SEP BUY 3175 3200-3235 3135 BOOKED FULL PROFIT

23/09/13 NCDEX CHANA SEP SELL 3095 3055-3010 3135 NOT EXECUTED

23/09/13 USD/INR SEP SELL 61.80 61.56—61.12 NOT EXECUTED

23/09/13 EUR/INR SEP SELL 84.00 83.60—83.21 NOT EXECUTED

23/09/13 USD/INR SEP BUY 62.80 63.12 – 63.32 BOOKED PROFIT

23/09/13 EUR/INR SEP BUY 84.85 85.15 - 85.54 NO PROFIT NO LOSS

Date Scrip CASH/

FUTURE/ OP-Strategy Entry Level Target Stop Loss Remark

23/09/13 NIFTY FUTURE BUY 5980-6000 6025-6050 5940 SL TRIGGERED

23/09/13 DLF FUTURE SELL 150 145-140 156 BOOKED PROFIT

23/09/13 PNB FUTURE SELL 540 510.500 565 NOT EXECUTED

23/09/13 LLOYD ELEC CASH BUY 38.5 40-43-45 35 BOOKED PROFIT

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TIME (ET) REPORT PERIOD ACTUAL CONSENSUS FORECAST PREVIOUS

TUESDAY, SEPT. 24

9 AM CASE-SHILLER HOME PRICE INDEX JULY -- 12.1% y-o-y

9 AM FHFA HOME PRICE INDEX JULY -- 7.8% y-o-y

10 AM CONSUMER CONFIDENCE INDEX SEPT. 80.0 81.5

WEDNESDAY, SEPT. 25

8:30 am Durable goods orders Aug. -0.7% -7.4%

10 am New home sales Aug. 423,000 394,000

12 noon Household debt 2Q -- -0.6%

THURSDAY, SEPT. 26

8:30 am Weekly jobless claims 9/21 N/A 309,000

8:30 am GDP revision 2Q 2.7% 2.5%

10 am Pending home sales index Aug. -- -1.3%

FRIDAY, SEPT.27

8:30 am Personal income Aug. 0.3% 0.1%

8:30 am Consumer spending Aug. 0.3% 0.1%

8:30 am Core PCE price index Aug. 0.1% 0.1%

9:55 am UMich consumer sentiment index Sept. 77.5 76.8


Special report by epic reseach 24 september 2013

Economy & Finance

Transcript of Special report by epic reseach 24 september 2013