Special report by epic reseach 4 october 2013

DAILY REPORT

04th OCTOBER. 2013

YOUR MINTVISORY Call us at +91-731-6642300

Global markets at a glance

Asian shares closed mostly higher Thursday, casting aside

concerns over a partial shutdown of the U.S. govt. & in-

stead focusing on an encouraging reading on non-

manufacturing activity in China. Trading in Hong Kong

ended with a 1% gain for the Hang Seng Index +1.00% ,

Australia’s S&P/ASX 200 +0.37% rose 0.4%. Japan's Nikkei

stock average dropped for a second day. The Nikkei shed

0.1% to 14,157.25, staying below its 25-day moving aver-

age of 14,242.79.

European equities inched higher on Thursday, recovering

after the previous session's declines. The FTSEurofirst 300

was up 0.2% at 1,249.55 points by 0729 GMT, having

dropped 0.7% on Wednesday. The euro zone's blue-chip

Euro STOXX 50 rose 0.1% to 2,921.04 points.

Wall Street Update

US economic growth is expected to weaken by 0.2% fol-

lowing the Government shutdown. The shutdown of the

U.S. government appeared likely to drag on for another

week and possibly longer as lawmakers consumed day

three of the shutdown with a stalling game and there was

no end in sight until the next crisis hits Washington around

October 17

Previous day Roundup

The market ended the day with a spectacular rally. The

Sensex closed up 384.92 points or 1.97 percent at

19902.07. The Nifty ended at 5909.70, up 129.65 points or

2.24 percent.

About 1446 shares have advanced, 923 shares declined,

and 152 shares were unchanged.

Index stats

Bank Nifty & Bankex both advanced 3.44% & 3.41% re-

spectively, the sectors which were in positive move with

Nifty in yesterday’s session were; Consumer Durables [up

82.67pts], IT [up 187.73pts], Capital Goods [up 220.84pts],

AUTO [up 263.75pts], Healthcare [up 90.94pts], Power [up

23.71pts], Oil & Gas [up 200.54pts], TECK [up 100.99pts],

PSU [up 95.47pts], Metals [up 328.90pts], REALTY [up

23.92 pts] traded upward, except FMCG stocks which were

the only laggards FMCG [down 60.40pts].

World Indices

Index Value % Change

D J l 14,996.48 -0.90

S&P 500 1,678.66 -0.90

NASDAQ 3,774.34 -1.07

EURO STO 2,902.12 -0.55

FTSE 100 6,449.04 +0.18

Nikkei 225 14,077.27 -0.56

Hong Kong 23,114.67 -0.43

Top Gainers

Company CMP Change % Chg

SESA GOA 188.00 12.75 +7.28

JPASSOCIAT 37.25 2.30 +6.58

AMBUJACEM 191.15 11.15 +6.19

AXISBANK 1,102.80 58.70 +5.62

BANKBARODA 524.65 26.25 +5.27

Top Losers


HINDUNILVR 608.00 11.20 -1.81

ITC 339.05 3.95 -1.15

Stocks at 52 Week’s high

Symbol Prev. Close Change %Chg

ABIRLANUVO 1,276.70 28.70 +2.30

AUROPHARMA 210.80 209.00 +0.86

CEATLTD 138.85 10.20 +7.93

CINEMAXIN 230.10 10.95 +5.00

DENSO 138.00 4.30 +3.22

Indian Indices


NIFTY 5,909.70 +129.65 +2.24

SENSEX 19,902.07 +384.92 +1.97

Stocks at 52 Week’s Low

Symbol Prev. Close Change %Chg

ERAINFRA 99.15 5.20 -4.98

TBZ 117.50 6.15 -4.97

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DAILY REPORT

04th OCTOBER. 2013


STOCK RECOMMENDATIONS [FUTURE] 1. BANK OF BARODA

BANK OF BARODA is looking strong on charts, long build up

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

sustain above 520. We advise buying around 525-530 levels

with strict stop loss of 505 for the targets of 538-545 levels.

2. AXIS BANK

AXIS BANK 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 around 1100-1110 lev-

els with strict stop loss of 1085 for targets of 1135-1150

levels.

STOCK RECOMMENDATION [CASH]

1. BANK OF INDIA

BANK OF INDIA is looking strong on charts . We advise buy-ing above 175 with strict stop loss of 170 for the targets of 179-182 levels. MACRO NEWS

The FM may have to slice at least Rs 20000 crore ($3.2

bn) from govt. spending to prevent a budget blow-out,

which could threaten to send country's credit rating

into "junk" status.

India's coffee exports dropped 5% in the 2012-13 mar-

keting year on sluggish prices and lower supplies.

Government data released on Monday show that the

deficit for the first five months of the fiscal year climbed

to 4.05 trillion rupees, around 20% higher than a year

earlier. More importantly, it is already 75% of the total

planned deficit for the full year.

In U.S. United Technologies Corp., a major defense con-

tractor, said it would furlough nearly 2,000 workers if

the shutdown lasted into next week and 2,000 more if it

continued through the entire week.

Indian shares are likely to be influenced by the result of

a monthly survey on the performance of India's services

sector for September 2013 on October 4.

EQUITY CASH & FUTURE


DAILY REPORT

04th OCTOBER. 2013


FUTURE & OPTION

MOST ACTIVE PUT OPTION

Symbol Option

Type

Strike

Price

LTP Traded

Volume

(Contracts)

Open

Interest

NIFTY PE 5,700 69.60 1,67,894 46,86,600

NIFTY PE 5,800 94.00 1,58,705 41,99,000

NIFTY PE 5,600 50.75 1,26,116 36,55,950

BANK NIFTY PE 9,500 75.00 9,517 2,18,725

SBIN PE 1,600 49.20 3,309 2,35,375

INFY PE 3,000 171.75 1,145 1,73,000

RELIANCE PE 820 14.45 1,352 1,69,750

MCDOWELL-N PE 2,500 98.50 1,177 1,28,625

MOST ACTIVE CALL OPTION

Symbol Option

Type

Strike

Price

LTP Traded

Volume

(Contracts)

Open

Interest

NIFTY CE 6,100 88.50 2,51,372 39,18,750

NIFTY CE 6,000 133.70 2,11,067 36,65,450

NIFTY CE 6,200 54.95 1,51,578 23,33,900

BANKNIFTY CE 11,000 159.00 11,335 1,93,950

SBIN CE 1,700 62.10 5,824 2,19,750

RELIANCE CE 860 25.75 2,540 3,17,000

DLF CE 150 6.20 1,644 16,05,000

MCDOWELL-N CE 2,600 77.00 1,893 1,13,375

AXISBANK CE 1,100 70.10 1,957 2,48,500

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 67690 1962.61 59267 1729.72 421461 12325.18 232.89

INDEX OPTIONS 383898 11129.91 367589 10631.31 1668038 49160.30 498.60

STOCK FUTURES 59051 1654.88 67149 1853.71 904233 25360.35 -198.83

STOCK OPTIONS 25873 668.41 24778 631.42 43521 1161.05 36.99

TOTAL 569.64

INDICES S2 S1 PIVOT R1 R2

NIFTY 5761.76 5835.73 5876.66 5950.63 5991.56

NIFTYJUNIOR 11267.61 11377.78 11450.06 11560.23 11632.51

STOCKS IN NEWS Infosys signs a multi-year contract with Toyota Motor Europe. Essar Energy intends to exit Kenya Petroleum. Bajaj Auto to raise prices by Rs 500 to Rs 5000. Bharti Airtel shareholders approve selling DCMS business for Rs 177 cr. Lupin launches generic solution for conjunctivitis in US.

NIFTY FUTURE

Nifty Future as expected closed in the green in the last trading session. We advise buying on dips around 5950-5940 with strict stop loss of 5900 for the targets of 5980-5990 levels.


DAILY REPORT

04th OCTOBER. 2013


RECOMMENDATIONS

SILVER

TRADING STRATEGY: BUY SILVER ABOVE 48900TGTS 49200/49500SL 48400 SELL SILVER BELOW 48400 TGTS 48100/47800 SL 48900 GOLD

TRADING STRATEGY: BUY GOLD ABOVE 29620 TGTS 29720/29820 SL 2950 SELL GOLD BELOW 29350 TGTS 29250/ 29150 SL 29480

COMMODITY ROUNDUP

The standoff over a continuing resolution to the budget is

now in its third day, and the impasse on Wednesday un-

dercut the dollar and supported gold. Gold futures re-

bounded on Thursday from their lowest level in two

weeks, tracking gains in overseas prices, though a strong

rupee limited the upside. Despite the price rise, demand

improved slightly as jewelers were seen placing orders for

the peak festive season. At 2:57 p.m., the benchmark Oc-

tober gold contract the Multi Commodity Exchange (MCX)

was 1.21 percent higher at 29,886 rupees per 10 grams. It

hit a low of 29,352 rupees on Tuesday, a level last seen on

September 18.

Crude oil slipped to around USD 109 a barrel on Thursday

on worries that a prolonged US government shutdown

would hurt demand in the world's biggest oil consumer. US

crude oil prices remained weak on Thursday amid higher

than expected crude oil stock-piles, and concerns that par-

tial shutdown of the US government may reduce the crude

oil demand from the world's largest economy.

However, slight positive data from Europe and China may

have limited further decline in the commodity prices to

some extent. WTI crude oil for November delivery on NY-

MEX was seen trading down by 0.24% at $103.88 per bar-

rel as of 16.12 IST on Thursday.

India crude oil futures recorded a slight up-tick on Thurs-

day despite a weak trend on NYMEX. MCX crude oil futures

for October delivery was seen trading up by 0.96% at Rs.

6437 per barrel as of 16.23 IST on Thursday.

Chinese markets will remain closed this week on account

of National Day and this may have pressured crude oil de-

mand in the global market. Chinese non-manufacturing

purchasing managers' index increased to 55.4 and hit a six

month high in September

COMMODITY MCX


DAILY REPORT

04th OCTOBER. 2013


RECOMMENDATIONS

CASTORSEED

BUY CASTORSEED ABOVE 3480 TG 3510,3540 SL 3440

SELL CASTORSEED BELOW 3410 TG 3380,3350 SL 3450

DHANIYA

BUY DHANIYA ABOVE 6210 TG 6240,6270 SL 6170

SELL DHANIYA BELOW 6050 TG 6020,5990 SL 6090

NCDEX ROUNDUP

The US commodity regulator, Commodity Futures Trading Commission (CFTC) has said that it will not produce public reports such as cotton on call, Commitment of Traders and the Bank Participation Report following the US Govern-ment shutdown. The CFTC move not to publish COT and other relevant market reports deprives participants in the world's biggest derivative markets for energy and agricul-tural products of price-moving information about the posi-tions of other producers, consumers and speculators.

The looming debt-ceiling debate is adding to worries about a partial U.S. government shutdown already occurring over a continuing resolution over the budget.

Of the various parts of agricultural GDP, cereals (wheat, rice, maize, etc.) are the most impacted by MSPs and also have the best data available. Not surprisingly, they are the most analyzed. But they were 21% of agricultural output in FY05 (milk, fruits & vegetables are as important), and are likely lower now. They also matter less for inflation, which is currently all about fruits & vegetables and meat.

Per capita consumption of cereals has been falling in India for decades, as automation reduces need for calories. The decline per capita now exceeds population growth imply-ing flat cereal demand. But production is still rising with improving yields, creating surpluses. Inventory of cereals is at record levels despite exports surging from US$2 bn in CY09 to US$10 bn (CY13 ann.).

NCDEX

NCDEX INDICES

Index Value % Change

Barley 1242 -1.27

Castor Seed 3442 -2.55

Chana 2901 +0.28

Chilli 5862 +0.83

Coriander 6120 +1.61

Cotton Seed Oilcake 1477 -0.94

Jeera 12605 -2.06

Mustard seed 3495 -1.88

Ref Soya Oil 684 -1.48

Turmeric 4678 -0.85


DAILY REPORT

04th OCTOBER. 2013


EUR/INR

EUR/INR has closed @84.4850. If it breaks 84.35, it can

touch the level of 84.03 & 83.60. If it sustains above the

level of 85.60, it can touch the level of 86.00 & 86.30.

USD/INR

USD/INR has closed @62.1375. If it breaks 62.05, it can

touch the level of 61.90 & 61.56. If it sustains above the

level of 62.95 it can touch the level of 63.25 & 63.61.

CURRENCY ROUNDUP The rupee gained 5% last month, snapping a four-month

losing streak and showing its biggest monthly gain since

September 2012, helped largely by the Federal Reserve's

surprise decision to continue with its bond pur-

chases. However, the consensus forecast from 25 strate-

gists was that the rupee would be around 63.00 to the dol-

lar by the end of October, 64.00 in six months and 64.25 by

September next year. The Indian rupee logged its biggest

gain in two weeks on Thursday, helped by foreign fund

inflows and bets that a prolonged shutdown of the U.S.

government would further delay any tapering of the Fed-

eral Reserve's massive stimulus.

Foreign funds were net buyers of over $2 billion in Indian

equities in September, the first month of positive pur-

chases after May as foreign money returned to risk assets

on the Fed's assurance it would stick to its $85 billion

monthly bond purchases. Inflows via the central bank's

two concessional forex swap facilities to lenders totaled

$3.6 billion till Monday, also helping to stabilize the rupee.

The rupee also got some tailwind from the global dollar,

which has been on a losing streak as most investors and

speculators cut long bets on the greenback as the U.S. gov-

ernment shutdown drags on. In the currency futures mar-

ket, the most-traded near-month dollar/rupee contracts

on the National Stock Exchange, the MCX-SX and the

United Stock Exchange all closed at around 63.14 with to-

tal traded volume of $1.98 billion.

The dollar was also hurt by slower growth in the U.S. ser-

vices sector in September. The euro was steady at

$1.3630, not far from an eight-month high of $1.36465

touched on Thursday. The common currency was also

aided by the European Central Bank's apparent lack of con-

cern over the euro's recent strength and better-than-

expected euro zone data.

CURRENCY

RBI Reference Rate

Currency Rate Currency Rate

Rupee- $ 61.9348 Yen-100 63.4300

Euro 84.2360 GBP 100.4397


DAILY REPORT

04th OCTOBER. 2013


CALL REPORT

Disclaimer

US ECONOMIC REPORT

PERFORMANCE UPDATES

Date Commodity/ Currency

Pairs Contract Strategy Entry Level Target Stop Loss Remark

03/10/13 MCX GOLD OCT. BUY 29200 29300-29400 29080 BOOKED PROFIT

03/10/13 MCX GOLD DEC. SELL 28880 28780-28680 29000 NOT EXECUTED

03/10/13 MCX SILVER OCT. BUY 48150 48450-48750 47850 BOOKED FULL PROFIT

03/10/13 MCX SILVER DEC. SELL 47750 47450-47150 48150 NOT EXECUTED

03/10/13 NCDEX CASTOR SEED OCT. SELL 3500 3470-3440 3530 BOOKED FULL PROFIT

03/10/13 NCDEX CASTOR SEED OCT. BUY 3560 3590-3620 3520 NOT EXECUTED

03/10/13 NCDEX DHANIYA OCT. BUY 6055 6085-6115 6005 BOOKED PROFIT

03/10/13 NCDEX DHANIYA OCT. SELL 5760 5735-5700 5800 NOT EXECUTED

03/10/13 USD/INR OCT. SELL 62.80 62.65-62.25 BOOKED FULL PROFIT

03/10/13 EUR/INR OCT. SELL 85.00 84.75-84.20 BOOKED PROFIT

03/10/13 USD/INR OCT. BUY 63.25 63.42-63.61 NOT EXECUTED

03/10/13 EUR/INR OCT. BUY 85.65 85.95-86.35 NOT EXECUTED

Date Scrip

CASH/

FUTURE/

OPTION

Strategy Entry Level Target Stop Loss Remark

03/10/13 NIFTY FUTURE BUY 5800-5825 5850-5880 5750 NOT EXECUTED

03/10/13 AUROPHARMA FUTURE BUY 209-210 214-218 205 BOOKED PROFIT

03/10/13 TATA GLOBAL FUTURE BUY 150-151 154-155 147 BOOKED FULL PROFIT

03/10/13 AMARAJA BATT CASH BUY 315 320-330 305 NOT EXECUTED

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TIME (ET) REPORT PERIOD ACTUAL CONSENSUS FORECAST PREVIOUS

FRIDAY, OCT. 4

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

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


Special report by epic reseach 4 october 2013

Economy & Finance

Transcript of Special report by epic reseach 4 october 2013