Special report by epic reseach 25 september 2013

DAILY REPORT

25th SEPT. 2013

YOUR MINTVISORY Call us at +91-731-6642300

Global markets at a glance

Japan's Nikkei share average edged down in choppy trade

yesterday. The Nikkei dropped 0.1% to 14,732.61, moving

away from a nine-week high of 14,816.65 hit last Friday.

Hong Kong shares slid for a second day, hurt by Tuesday's

weak mainland Chinese market and profit-taking from last

week's strong gains after comments by U.S. Federal Re-

serve officials deepened uncertainty on its stimulus reduc-

tion plans. The Hang Seng Index ended down 0.8% at

23,179 points. The China Enterprises Index of the top Chi-

nese listings in Hong Kong sank 1.1 %.

Wall Street Update

The S&P/Case Shiller composite index of 20 metropolitan

areas rose 0.6 percent on a seasonally adjusted basis, a

little slower than the 0.8 percent gain economists in a

Reuters poll had expected and the 0.9 percent increase

logged in June. Data from the U.S. Federal Housing Finance

Agency showed U.S. home prices rose 1 percent in July

from June.

Previous day Roundup

The market closed on a flat note as Nifty ends just short of

the 5900-levels. The Nifty ended at 5892.45, up 2.70

points or 0.05 %. The Sensex closed up 19.25 points or

0.10 % at 19920.21. About 1129 shares advanced, 1161

shares declined, and 162 shares were unchanged. King-

fisher Airlines shares are locked at 10% upper circuit after

founder Vijay Mallya, in company's annual general meet-

ing.

Index stats

Bank Nifty & Bankex both declined 0.35% & 0.28% respec-

tively, the sectors which were in positive move with Nifty

in yesterday’s session were; Consumer Durables [up

13.48pts], Capital Goods [up 81.67pts], AUTO [up

116.65pts], Healthcare [up 20.34pts], FMCG [up 0.96pts].

Power [up 11.85pts] traded upward. The sectors declined

were: IT [down 36.41pts], Oil & Gas [down 32.40pts], TECK

[down 20.72pts], PSU [down 29.40pts], Metals [down

86.61pts], except REALTY [down 3.82pts].

World Indices

Index Value % Change

D J l 15,343.59 -0.43

S&P 500 1,697.42 -0.26

NASDAQ 3,768.25 +0.08

EURO STO 2,922.93 +0.57

FTSE 100 6,571.46 +0.21

Nikkei 225 14,674.65 -0.39

Hong Kong 23,238.11 +0.25

Top Gainers

Company CMP Change % Chg

BAJAJ-AUTO 2,034.60 55.50 +2.80

TATAPOWER 81.15 2.15 +2.72

NTPC 145.70 2.90 +2.03

LT 828.00 16.00 +1.97

CIPLA 433.10 7.15 +1.68

Top Losers


HINDALCO 112.30 4.25 -3.65

BPCL 315.00 8.40 -2.60

COALINDIA 297.20 7.55 -2.48

JINDALSTEL 247.80 5.15 -2.04

ACC 1,090.00 21.15 -1.90

Stocks at 52 Week’s high

Symbol Prev. Close Change %Chg

ALEMBICLTD 29.70 -0.40 -1.42

CMAHENDRA 215.95 +2.5 +1.17

DRREDDY 2,980.00 +1.10 +0.05

FIEMIND 237.50 +38.60 +19.41

GALLISPAT 206.00 +13.95 +7.26

Indian Indices


NIFTY 5,892.45 +2.70 +0.05

SENSEX 19,920.21 +19.25 +0.10

Stocks at 52 Week’s Low

Symbol Prev. Close Change %Chg

DHFL 108.2 -2.8 -2.52

GODREJPROP 358.75 -18.4 -4.68

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DAILY REPORT

25th SEPT. 2013


STOCK RECOMMENDATIONS [FUTURE] 1. BAJAJ AUTO

BAJAJ AUTO is looking strong on charts, long build up has

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

tain above 2050. We advise buying above 2050 levels with

strict stop loss of 2000 for the targets of 2075-2095 levels.

2. ZEE FUTURE

ZEE FUTURE is looking strong on charts, long build up has

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

tain above 230. We advise buying above 230 levels with

strict stop loss of 225 for the targets of 235-240 levels.

STOCK RECOMMENDATION [CASH] 1. ONE LIFE CAP

ONE LIFE CAP is looking strong on charts . We advice buying above 312 with strict stop loss of 302 for the targets of 325-335 levels. MACRO NEWS

India has objected to some of the clauses in the trade

facilitation agreement and sought support for the de-

veloping countries' food security proposal at the World

Trade Organization (WTO).

The boss of the $100-billion Tata conglomerate has ac-

quired 105,000 shares of Indian Hotels, 64,000 shares of

Tata Power, 33,000 shares of Tata Global Beverages and

14,500 shares of Tata Motors .

EQUITY CASH & FUTURE

CORPORATE ACTION TODAY

SCRIP ACTION Rs. Per Share

JAGSNPHARM DIVIDEND 0.5

PRITHVISOF DIVIDEND 0.5

ALICON DIVIDEND 2

DBSTOCKBRO DIVIDEND 0.3

MAYURUNIQ Face Value Split From Rs.10/- To Rs.5/-


DAILY REPORT

25th SEPT. 2013


FUTURE & OPTION

MOST ACTIVE PUT OPTION

Symbol Option

Type

Strike

Price

LTP Traded

Volume

(Contracts)

Open

Interest

NIFTY PE 5,900 40.40 8,88,446 51,45,700

NIFTY PE 5,800 13.20 6,52,944 59,11,850

NIFTY PE 5,700 3.10 3,54,027 66,29,000

BANK NIFTY PE 10,000 82.75 38,381 2,77,400

SBIN PE 1,600 10.95 12,062 3,80,500

AXISBANK PE 1000 9.20 2,435 2,63,750

RELIANCE PE 880 10.40 4,091 3,23,500

MCDOWELL-N PE 2,400 11.95 1,542 1,68,375

MOST ACTIVE CALL OPTION

Symbol Option

Type

Strike

Price

LTP Traded

Volume

(Contracts)

Open

Interest

NIFTY CE 6,000 16.50 8,39,535 71,50,600

NIFTY CE 5,900 55.55 7,29,226 47,37,100

NIFTY CE 6,100 3.20 4,11,501 47,32,700

BANKNIFTY CE 10,500 48.00 38,477 2,04,225

SBIN CE 1,650 25.00 11,103 1,85,000

RELIANCE CE 900 3.15 4,555 8,28,750

DLF CE 150 0.80 3,257 16,97,000

JPASSOCIAT CE 40 0.20 3,060 86,56,000

AXISBANK CE 1,050 13.60 3,160 2,36,750

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 210894 6153.60 183145 5297.73 663899 19342.26 855.88

INDEX OPTIONS 923745 26935.28 950867 27693.29 2653840 77756.55 -758.02

STOCK FUTURES 368906 10339.63 388663 10977.06 1074911 29747.91 -637.44

STOCK OPTIONS 43801 1108.13 44908 1152.29 78797 2128.05 -44.16

TOTAL -583.74

INDICES S2 S1 PIVOT R1 R2

NIFTY 5811.28 5851.86 5895.13 5935.71 5978.98

NIFTYJUNIOR 11153.31 11218.68 11290.81 11356.18 11428.31

STOCKS IN NEWS Tatas say AirAsia kept in the loop on Singapore Airlines JV. Bank of Maharashtra opens 3 new rural branches in Hapur. Steel consumption to grow by around 5% in FY'14.

NIFTY FUTURE

Nifty Future closed in the green in the last trading ses-sion. We advise buying on dips around 5880-5900 with strict stop loss of 5850 for the targets of 5925-5950 levels.


DAILY REPORT

25th SEPT. 2013


RECOMMENDATIONS

SILVER

TRADING STRATEGY: BUY SILVER ABOVE 49550 TGTS 49850/50150 SL 49250 SELL SILVER BELOW 48400 TGTS 48100/47800 SL 48700

GOLD

TRADING STRATEGY: BUY GOLD ABOVE 29950 TGTS 30050/30150 SL 29850 SELL GOLD BELOW 29550 TGTS 29450/29350 SL 29650

COMMODITY ROUNDUP

Copper prices in the global market continued their south-

ward movement on Tuesday and were seen trading nega-

tive. Comex copper futures on electronic trading was seen

trading down by 1% at $3.265 per pound as of 15.37 IST.

Copper on London Metal Exchange for delivery in three

months was seen trading down by 0.96% at $7180 per

metric ton as of 14.15 IST. Tracking a down trend on

Comex India copper futures edged down and was seen

trading down. MCX copper futures for November delivery

was seen trading down by 1% at Rs.459.40 per kilogram as

of 15.36 IST.

Gold futures continued their downward movement on

Tuesday. Gold futures for December delivery on Globex

platform of Comex was seen trading down by $7.5 at

$1319.5 per troy ounce as of 14.36 IST. MCX gold futures

for October delivery was seen trading down by 0.78% at

Rs. 29641 per 10 grams as of 14.37 IST.

Brent crude oil meanwhile had fallen below $108 a barrel

to $107.75 as geopolitical tensions ease slightly ahead of

nuclear talks involving Iran and the United States later this

week. Iran has agreed to new talks on its nuclear program

with top diplomats from six world powers, including U.S.

Secretary of State John Kerry, raising hopes that Tehran's

relations with the United States could thaw. US crude oil

prices in the global market continued its negative trend on

Tuesday on waning Syria concerns and a recovery in crude

oil production, supply from Libya and Nigeria. WTI crude

oil for November delivery on NYMEX was seen trading

down by 0.42% at $103.15 per barrel as of 16.21 IST on

Tuesday. India crude oil futures was seen continuing their

southward movement on Tuesday tracking a down trend

on NYMEX. MCX crude oil futures for October delivery was

seen trading down by 0.15% at Rs.6525 per barrel as of

16.20 IST.

COMMODITY MCX


DAILY REPORT

25th SEPT. 2013


RECOMMENDATIONS CASTORSEED

SELL CASTORSEED BELOW 3420 TG 3400,3370 SL 3460 BUY CASTORSEED ABOVE 3455 TG 3480,3520 SL 3420

DHANIYA

BUY DHANIYA OCT ABOVE 5550 TG 5575,5600 SL 5510 SELL DHANIYA OCT BELOW 5500 TG 5475,5440 SL 5540

NCDEX ROUNDUP

India wheat futures recorded a negative trend on Tuesday

as a result of selling pressure while maize (corn) futures

technically recorded a slight up-tick on fresh buying sup-

port. NCDEX wheat for October delivery was seen trading

down by 0.58% at Rs.1546 per 100 kgs as of 12.29 IST on

Tuesday.

Food grains production in India is estimated to rise margin-

ally in the kharif (summer) season this year to 129.32 mn

tons on good rain fall activities. Despite favorable forex

prices, India exported only 1.31 lakh tons of wheat in Au-

gust when compared to 4.79 lakh tons last year.

Production of rice estimated at 92.32 million tonnes,

though marginally lower as compared to last year’s kharif

production, is higher than five years’ average production of

85.40 million tonnes. The production of cotton estimated

at an all time record of 35.30 million bales (of 170 kg each),

has registered an increase of 5.60 million bales as com-

pared to average cotton production of 29.70 million bales.

Production of jute is also estimated to be marginally higher

than its average production.

NCDEX

NCDEX INDICES

Index Value % Change

Castor Seed 3430 -1.61

Chana 3049 -0.91

Chilli 5324 -3.97

Coriander 5530 -0.29

Cotton Seed Oilcake 1449 +0.07

Jeera 12997.5 +0.02

Mustard seed 3495 -0.14

Ref Soya Oil 662.65 +0.12

Sugar M Grade 2912 -0.41

Turmeric 4742 -2.79


DAILY REPORT

25th SEPT. 2013


GBP/INR

GBP/INR has closed @100.7750. If it sustains above the

level of 100.94, it can touch the level of 101.28 & 101.87. If

it breaks the level of 100.00, it can touch the level of 99.75

& 99.31.

EUR/INR

EUR/INR has closed @84.9750. If it sustains above the

level of 85.25, it can touch the level of 85.46 & 85.85. If it

breaks the level of 84.40, it can touch the level of 84.10 &

83.80.

CURRENCY ROUNDUP

Rupee opened lower by 20 paisa or 0.32% against US dol-

lar at Rs 62.80 compared to previous close of 62.20. The

Indian rupee weakened for a third straight session on

Tuesday as the surprise rate hike by the central bank last

week tempered down the effect of the U.S. Federal Re-

serve's decision to not taper its monetary stimulus just yet.

The rupee has continued to weaken since the Reserve

Bank of India's decision to hike rates on Friday, but inter-

mittent selling by exporters and corporate has ensured the

unit does not fall very sharply.

The Indonesian rupiah fell to its lowest level in four-and-a-

half years, leading slides among emerging Asian currencies

amid uncertainty over whether the U.S. Federal Reserve

will begin scaling back its stimulus later this year.

A smaller than expected rise in German business senti-

ment in September and growing uncertainty over the

strength of the global economy helped nudge world shares

lower on Tuesday, while major currencies were trapped in

tight ranges. The euro initially slipped when the Ifo fell

short of expectations though soon recovered to be little

changed against the dollar at $1.35. The September read-

ing was better than August's but the euro dipped as it fell

short of the consensus forecast. The single currency was

down 0.1 percent at $1.3480. Support was cited at the Au-

gust high of $1.3453. Large options expiries were reported

at $1.3500 and $1.3200.

The market is getting nervous about the U.S. debt deal.

The dollar was up 0.1 percent at 80.546 against a basket

of currencies, having hit a seven-month trough of 80.06

last week.

CURRENCY

RBI Reference Rate

Currency Rate Currency Rate

Rupee- $ 62.6585 Yen-100 63.3200

Euro 84.5955 GBP 100.4604


DAILY REPORT

25th SEPT. 2013


CALL REPORT

Disclaimer

US ECONOMIC REPORT

PERFORMANCE UPDATES

Date Commodity/ Currency

Pairs Contract Strategy Entry Level Target Stop Loss Remark

24/09/13 MCX GOLD OCT. BUY 29550 29650-29750 29420 BOOKED FULL PROFIT

24/09/13 MCX GOLD DEC. SELL 29800 29700-29600 29930 BOOKED FULL PROFIT

24/09/13 MCX SILVER OCT. BUY 49500 49800-50100 49100 SL TRIGGERED

24/09/13 MCX SILVER DEC. SELL 49150 48850-48550 49550 BOOKED FULL PROFIT

24/09/13 NCDEX CASTOR SEED OCT. SELL 3484 3450-3420 3520 BOOKED FULL PROFIT

24/09/13 NCDEX CASTOR SEED OCT. BUY 3500 3525-3550 3460 NOT EXECUTED

24/09/13 NCDEX DHANIYA OCT. BUY 5560 5600-5640 5520 SL TRIGGERED

24/09/13 NCDEX DHANIYA OCT. SELL 5525 5500-5470 5560 BOOKED FULL PROFIT

24/09/13 USD/INR SEP SELL 62.45 62.15-61.90 NOT EXECUTED

24/09/13 GBP/INR SEP SELL 84.45 84.20– 83.80 NOT EXECUTED

24/09/13 USD/INR SEP BUY 63.20 63.50-63.89 NOT EXECUTED

24/09/13 GBP/INR SEP BUY 8520 85.29-85.54 NOT EXECUTED

Date Scrip

CASH/

FUTURE/

OPTION

Strategy Entry Level Target Stop Loss Remark

24/09/13 NIFTY FUTURE SELL 5950-5940 5925-5900 6000 BOOKED FULL PROFIT

24/09/13 HCLTECH FUTURE BUY 1100 1120-1150 1080 SL TRIGGERED

24/09/13 SBI FUTURE SELL 1635 1605-1580 1680 BOOKED PROFIT

24/09/13 PG ELECTROPLAST CASH BUY 141.5 145-149-155 133 BOOKED FULL PROFIT

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TIME (ET) REPORT PERIOD ACTUAL CONSENSUS FORECAST PREVIOUS

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 25 september 2013

Economy & Finance

Transcript of Special report by epic reseach 25 september 2013