Special report by epic reseach 11 october 2013

DAILY REPORT

11th OCTOBER. 2013

YOUR MINTVISORY Call us at +91-731-6642300

Global markets at a glance European shares rebounded on Thursday on signs of pro-gress in Washington on ending the U.S. fiscal stalemate and averting a possible debt default. Japan's Nikkei share average gained 1.1 percent and hit a one-week high on Thursday, buoyed by hopes that U.S. politicians will resolve the fiscal standoff soon, lifting such exporters as Toyota Motor Corp and Honda Motor Co. The Nikkei closed up at 14,194.71 after touching 14,200.31, its highest since Oct. 3. After consecutive three day losses the US indices re-bounded though it closed on a mixed note. The DJIA gained the most amongst the US indices by 0.18% while the S&P 500 added 0.06 %. However, NASDAQ declined by 0.46%. Wall Street Update The U.S. government is in its 10th day of a partial shut-down and has a week before the government’s borrowing authority lapses on Oct. 17. House Republican and Senate Democratic leaders are open to a short-term increase in the $16.7 trillion debt limit. U.S. stock-index futures climbed, indicating the Standard & Poor’s 500 Index will rise for a second day, amid signs the nation’s lawmakers may agree on a compromise deal to avoid a debt default. Contracts on the Dow Jones Indus-trial Average increased 110 points, or 0.8%, to 14,838 yes-terday. Previous day Roundup After a volatile session, the Nifty managed to hold 6000 till the end. The Nifty closed up 13.50 points at 6020.95 while Sensex was up 23.65 points at 20272.91. About 1404 shares have advanced, 1008 shares declined, and 152 shares are unchanged. Index stats Bank Nifty & Bankex both declined 0.45% & 0.39% respec-tively, the sectors which were in positive move in yester-day’s session were; Consumer Durables [up 2.93pts], Capi-tal Goods [up 14.99pts], AUTO [up 223.95pts], Healthcare [up 35.83pts], IT [up 36.25pts], Power [up 4.82pts], REALTY [up 3.96pts], TECK [up 13.62pts], PSU [up 18.50pts], Met-als [up 43.02pts], except Oil & Gas [down 7.75pts], FMCG [down pts].

World Indices

Index Value % Change

D J l 15,126.07 +2.18

S&P 500 1,692.56 +2.18

NASDAQ 3,760.75 +2.26

EURO STO 2,969.41 +2.23

FTSE 100 6,430.49 +1.46

Nikkei 225 14,381.11 +1.31

Hong Kong 23,219.22 +1.17

Top Gainers

Company CMP Change % Chg

TATAMOTORS 373.85 19.65 +5.55

RANBAXY 393.15 12.65 +3.32

NMDC 131.35 4.20 +3.30

LUPIN 939.00 24.50 +2.68

GRASIM 2,760.80 55.90 +2.07

Top Losers


TATAPOWER 83.50 2.35 -2.74

HINDALCO 116.75 2.85 -2.38

KOTAKBANK 707.10 11.70 -1.63

HINDUNILVR 601.15 9.05 -1.48

BAJAJ-AUTO 2,122.00 31.90 -1.48

Stocks at 52 Week’s high

Symbol Prev. Close Change %Chg

AMARAJABAT 310.45 7.55 -2.37

HCL TECH 1,118.50 6.70 +0.60

IDEA 183.60 1.25 +0.69

IPCALAB 731.00 19.90 +2.80

LUPIN 939.00 24.50 +2.68

Indian Indices


NIFTY 6,020.95 +13.50 +0.22

SENSEX 20,272.91 +23.65 +0.12

Stocks at 52 Week’s Low

Symbol Prev. Close Change %Chg

FLFL 97.85 5.10 -4.95

GLOBOFFS 45.00 1.70 -3.64

http://www.epicresearch.co/

DAILY REPORT

11th OCTOBER. 2013


STOCK RECOMMENDATIONS [FUTURE]

1. HAVELLS

HAVELLS FUTURE is looking strong on charts, long build up

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

sustain above 705. We advise buying above 705 levels with

strict stop loss of 690 for the targets of 720-745 levels.

2. TATA MOTORS

TATA MOTORS FUTURE is looking strong on charts, long

build up has been seen, we may see more upside, if it con-

tinues to sustain above 375. We advise buying around 370-

375 levels with strict stop loss of 360 for the targets of 390-

400 levels.

STOCK RECOMMENDATION [CASH]

1. NATCO PHARMA LTD

NATCO PHARMA LTD is looking strong on charts . We advise

buying above 685 with strict stop loss of 660 for the tar-

gets of 910-935 levels.

MACRO NEWS

INFOSYS Q2 Result is to be announced today.

August IIP Numbers will be declared today.

INFLATION: CPI & WPI - Both sets of figures will be re-

leased late on Monday 14 October.

The Fed announced that it won’t release the September

gauge of manufacturing, utility and mining output as

scheduled on Oct. 17. Instead, it will delay the report

until after the government reopens. Thursday’s import

price report, Friday’s producer price index, the con-

sumer price index scheduled for Oct. 16, and last week’s

September jobs report have all been delayed. Alterna-

tive dates have not been set. The Commerce Depart-

ment has also delayed all reports, including this week’s

trade data.

IMF -Cuts India's FY14 GDP growth forecast to 3.8 per-

cent from 5.6 percent in July

Govt. revisiting policy that allows infra developers to

exit highway projects by divesting their entire stake,

decision prompted by complaints about confusion

over taxation issues that could arise such transactions.

EQUITY CASH & FUTURE


DAILY REPORT

11th OCTOBER. 2013


FUTURE & OPTION

MOST ACTIVE PUT OPTION

Symbol Option

Type

Strike

Price

LTP Traded

Volume

(Contracts)

Open

Interest

NIFTY PE 5,800 56.00 1,81,307 47,82,900

NIFTY PE 5,900 79.00 1,69,119 38,60,550

NIFTY PE 6,000 110.05 1,33,328 31,44,500

BANK NIFTY PE 9,500 113.90 9,232 3,78,275

SBIN PE 1,600 49.95 2,580 2,55625

INFY PE 2,600 22.20 20,982 13,40,500

INFY PE 2,700 38.00 18,370 8,17,125

INFY PE 2,800 58.00 17,809 7,87,625

MOST ACTIVE CALL OPTION

Symbol Option

Type

Strike

Price

LTP Traded

Volume

(Contracts)

Open

Interest

NIFTY CE 6,200 78.95 2,59,884 34,72,300

NIFTY CE 6,300 46.20 2,03,162 41,49,350

NIFTY CE 6,100 123.05 1,85,752 52,88,600

BANKNIFTY CE 10,500 323.90 12,445 1,83,425

SBIN CE 1,700 42.50 4,223 3,71,125

SBIN CE 1,650 62.50 3,082 2,47,375

INFY CE 3,500 45.00 23,811 12,62,875

INFY CE 3,400 73.45 20,327 10,36,125

MCDOWELL CE 2,600 92.50 3,331 1,04,625

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 80583 2407.76 64206 1901.58 413695 12252.40 506.19

INDEX OPTIONS 389743 11578.15 371869 11019.66 1949262 58419.41 558.49

STOCK FUTURES 52568 1441.97 58512 1674.91 959183 27182.48 -232.95

STOCK OPTIONS 39955 1265.52 38809 1225.86 75138 2207.23 39.66

TOTAL +871.39

INDICES S2 S1 PIVOT R1 R2

NIFTY 5957.41 5989.18 6011.56 6043.33 6065.71

NIFTYJUNIOR 11700.3 11754.6 11793.9 11848.2 11887.5

STOCKS IN NEWS Cairn, ONGC likely to hike Rajasthan production. Hero MotoCorp unveils 15 new products. IOB slashes interest rates by 2% on consumer durable

loans. RPower appeals to CERC for tariff hike from Tilaiya

UMPP. JSW crude steel production up by 37% in Q2. Rating downgrade of desalination plant may derail

IVRCL’s exit plan.

NIFTY FUTURE

Nifty Future closed in the green in the last trading session. We advice buying on dips around 6000 with strict stop loss of 5950 for the targets of 6075-6095 levels.


DAILY REPORT

11th OCTOBER. 2013


RECOMMENDATIONS

SILVER

TRADING STRATEGY:

BUY SILVER ABOVE 48950 TGTS 49250/49550 SL 47850 SELL SILVER BELOW 47750 TGTS 47450/47150 SL 48150 GOLD

TRADING STRATEGY:

BUY GOLD ABOVE 29250TGTS 29350/29450 SL 29130

SELL GOLD BELOW 28700 TGTS 28600/ 228500 SL 28820

COMMODITY ROUNDUP

Crude oil rose to USD 110 per barrel on Thursday as the

kidnapping of Libya's prime minister delayed the prospect

of a further recovery in production from the North African

nation. The Energy Information Administration (EIA) re-

ported that the US crude stockpiles rose 6.8 million barrels

during the week ended October 4, surpassing analysts' ex-

pectation for a rise of 2.2 million barrels. Additionally, min-

utes from the latest FOMC meeting highlighted policymak-

ers' willingness to start tapering the size of the central

bank's stimulus package by the year end weighed on de-

mand for oil in the previous session.

Indian silver imports are on pace to hit a record high this

year as the wedding and festival season drives up buying

of the precious metal instead of the traditional gold, made

scarcer and dearer by official measures aimed at cutting

the trade gap.

The fall in the yellow metal (Gold) prices is attributed to

greenback gaining ground against major peers after min-

utes from the FOMC minutes showed that majority of the

policymakers favored to start tapering the Fed's stimulus

measures by the end of 2013. Further more, negative sen-

timent was also fuelled after an official report showed de-

cline in purchase of gold and silver in Gold?s largest con-

sumer India which amounted to $800 million in September

compared with $4.6 billion a year earlier.

Tracking a weak trend in the global market, India gold fu-

tures edged down on Thursday and was seen trading bear-

ish. Depreciation of Indian Rupee (INR) against US Dollar

(USD) may have limited further decline in MCX gold prices.

INR was seen touching 61.97 against USD, a depreciation

of 0.19% against USD as of 15.36 IST on Thursday. MCX

gold futures for December delivery was seen trading down

by 0.47% at Rs.29166 per 10 grams as of 15.28 IST on

Thursday.

COMMODITY MCX


DAILY REPORT

11th OCTOBER. 2013


RECOMMENDATIONS

CASTORSEED

BUY CASTORSEED ABOVE 3670 TG 3700,3730 SL 3630 SELL CASTORSEED BELOW 3500 TG 3470, 3440 SL 3550

DHANIYA

BUY DHANIYA ABOVE 6750 TG 6780,6810 SL 6710 SELL DHANIYA BELOW 6550 TG 6520,6490 SL 6590

NCDEX ROUNDUP

The rubber prices have dropped to Rs 167.50 per kg now. Though the price of the main raw material has come down it has not been reflected in the end product prices.

India is literally out of the global pepper mart as it cur-rently offers the highest price along with Indonesia. Gen-eral shortfall in supply lead to the sharp increase in prices. Both India and Indonesia now offer US $7,450/tonne for ASTA grade pepper. Business is brisk only in Brazil since that country offers the lowest tags across the global mar-kets. India is only likely to export about 1,000 tonnes in September which is also because gains reaped from dollar appreciation. According to leading exporters, exports from India were weak in the current financial year on higher prices, poop supply conditions and quality related issues.

Coriander prices rose by 2.99% to Rs 6,814 per quintal in futures trade today as speculators enlarged their positions, supported by rising demand in the spot markets against restricted arrivals. At the National Commodity and Deriva-tive Exchange, coriander for November delivery gained Rs 198, or 2.99%, to Rs 6,814 per quintal with an open inter-est of 20,420 lotsSimilarly, the spice for delivery in October traded higher by Rs 192, or 2.99%, to Rs 6,612 per quintal, with an open interest of 7,000 lots.

Faced with liquidity crunch, the Fertilizer Ministry has sought additional Rs 35,000 crore funds towards subsidy payment to companies and also fears closure of two state-

NCDEX

NCDEX INDICES

Index Value % Change

Barley 1204 -0.45

Castor Seed 3600 +1.41

Chana 2995 +0.10

Chilli 5880 +0.72

Coriander 6687 +4.00

Cotton Seed Oilcake 1522 +1.13

Jeera 12647.5 -1.00

Mustard seed 3528 -0.45

Ref Soya Oil 709.1 +1.51

Turmeric 4668 -2.42


DAILY REPORT

11th OCTOBER. 2013


JPY/INR

JPY/INR has closed @63.0725. If it breaks the level of 62.90, it can touch the level of 62.68 & 62.33. If it sustains above the level of 64.15, it can touch the level of 64.50 & 64.90.

EUR/INR

EUR/INR has closed @83.4625. If it breaks level of 83.25, it can touch the level of 83.02 & 82.71. If it sustains above the level of 84.85 it can touch the level of 85.15 & 85.62.

CURRENCY ROUNDUP

The Rupee gave a weaker opening today as well taking

cues from dollar strength. The local currency weakened

to 62.28 in early trade after opening at 62.19 today. In

spite of encouraging trade data release, the Rupee has

weakened taking cues from the Asian counter parts and

developments on the US political standoff as DXY index

surged to 80.59 levels. Also the government has dis-

agreed with the International Monetary Fund (IMF)'s

projection of India's economy with 4.25 per cent growth

in 2013-14.

The 17-nation currency broke its two day gaining ses-

sion amid improvements on the US government stale-

mate and on FOMC minutes. Better data from the re-

gion was overshadowed by the US. The pair closed the

session at 1.3518 levels while posting a intraday low of

1.3486.

The Sterling lost steam against the greenback led by dis-

mal data releases from the domestic economy. The pair

ended the session on a negative note closing at 1.5955

while posting a three week low of 1.5916.The royal cur-

rency was hammered after the industrial production in

the nation declined 1.5% (YoY) in August, defying mar-

ket expectation for a 0.6% drop.

The U.K. industrial production unexpectedly fell by the

most in almost a year, casting doubt on the strength of

the third-quarter recovery. The pair further declined

after the nation's manufacturing production unexpect-

edly fell 0.2% (YoY) during August, compared to a 0.3%

drop registered in the preceding month. Also, the NIESR

GDP estimate of UK rose just 0.8% during the three

month ended to September, compared to a 0.9% rise

reported in the preceding three months.

CURRENCY

RBI Reference Rate

Currency Rate Currency Rate

Rupee- $ 62.1383 Yen-100 63.5800

Euro 83.8725 GBP 99.0236


DAILY REPORT

11th OCTOBER. 2013


CALL REPORT

Disclaimer

US ECONOMIC REPORT

PERFORMANCE UPDATES

Date Commodity/ Currency

Pairs Contract Strategy Entry Level Target Stop Loss Remark

10/10/13 MCX GOLD OCT. BUY 29450 29550-29650 29330 NOT EXECUTED

10/10/13 MCX GOLD DEC. SELL 29050 28950-28850 29150 BOOKED FULL PROFIT

10/10/13 MCX SILVER OCT. BUY 49550 49850-50150 49150 NOT EXECUTED

10/10/13 MCX SILVER DEC. SELL 48800 48500-48200 49200 BOOKED FULL PROFIT

10/10/13 NCDEX CASTOR SEED OCT. SELL 3500 3470-3440 3550 NOT EXECUTED

10/10/13 NCDEX CASTOR SEED OCT. BUY 3600 3630-3660 3560 BOOKED PROFIT

10/10/13 NCDEX DHANIYA OCT. BUY 6485 6515-6545 6445 BOOKED FULL PROFIT

10/10/13 NCDEX DHANIYA OCT. SELL 6385 6355-6325 6425 BOOKED PROFIT

10/10/13 GBP/INR OCT. SELL 98.95 98.78-98.40 BOOKED FULL PROFIT

10/10/13 EUR/INR OCT. SELL 83.85 83.60-83.02 BOOKED PROFIT

10/10/13 GBP/INR OCT. BUY 100.95 101.45-101.85 NOT EXECUTED

10/10/13 EUR/INR OCT. BUY 85.00 85.35-85.62 NOT EXECUTED

Date Scrip CASH/

FUTURE/ Strategy Entry Level Target Stop Loss Remark

10/10/13 NIFTY FUTURE BUY 5980-6000

6075-6095 5950 BOOKED PROFIT

10/10/13 RCOM FUTURE BUY 154-155 157-159 152 SL TRIGGERED

10/10/13 ICICIBANK FUTURE BUY 950-960 980-990 920 CALL OPEN

10/10/13 REPRO INDIA CASH BUY 148 152-158 141 BOOKED PROFIT

09/10/13 AXIS BANK FUTURE SELL 1080-1070

1050-1025 1100 CALL OPEN

The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not accept any responsibility (or liability) for errors

of fact or opinion. Users have the right to choose the product/s that suits them the most. Sincere efforts have been made to present the right investment perspective. The

information contained herein is based on analysis and up on sources that we consider reliable.

This material is for personal information and based upon it & takes no responsibility. The information given herein should be treated as only factor, while making invest-

ment decision. The report does not provide individually tailor-made investment advice. Epic research recommends that investors independently evaluate particular invest-

ments and strategies, and encourages investors to seek the advice of a financial adviser. Epic research shall not be responsible for any transaction conducted based on the

information given in this report, which is in violation of rules and regulations of NSE and BSE. The share price projections shown are not necessarily indicative of future

price performance. The information herein, together with all estimates and forecasts, can change without notice. Analyst or any person related to epic research might be

holding positions in the stocks recommended. It is understood that anyone who is browsing through the site has done so at his free will and does not read any views ex-

pressed as a recommendation for which either the site or its owners or anyone can be held responsible for . Any surfing and reading of the information is the acceptance of

this disclaimer. All Rights Reserved. Investment in equity & bullion market has its own risks. We, however, do not vouch for the accuracy or the completeness thereof. We

are not responsible for any loss incurred whatsoever for any financial profits or loss which may arise from the recommendations above epic research does not purport to be

an invitation or an offer to buy or sell any financial instrument. Our Clients (Paid or Unpaid), any third party or anyone else have no rights to forward or share our calls or

SMS or Report or Any Information Provided by us to/with anyone which is received directly or indirectly by them. If found so then Serious Legal Actions can be taken.

TIME (ET) REPORT PERIOD ACTUAL CONSENSUS FORECAST PREVIOUS

FRIDAY, OCT. 11

8:30 am Retail sales* Sept. 0.2% 0.2%

8:30 am Retail sales ex-autos* Sept. 0.4% 0.1%

8:30 am Producer price index* Sept 0.2% 0.3%

8:30 am Core PPI* Sept. 0.1% 0.0%

9:55 am UMich consumer sentiment index Oct. 78.2 77.5

10 am Business inventories* Aug. 0.3% 0.4%


Special report by epic reseach 11 october 2013

Economy & Finance

Transcript of Special report by epic reseach 11 october 2013