Special report by epic reseach 27 september 2013
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Transcript of Special report by epic reseach 27 september 2013
DAILY REPORT
27th SEPT. 2013
YOUR MINTVISORY Call us at +91-731-6642300
Global markets at a glance
Stocks slumped in China and rallied in Japan while
Europe’s benchmark index closed little changed. Japan's
Nikkei share average edged down in choppy conditions as
the market turned its focus to the government's growth
strategy and tax plans next week, while strong consumer
inflation data had little impact.
The Nikkei shed 0.1 % to 14,792.38 in mid-morning trade
after opening a tad higher and now trading downside
along-with HengSeng which is also down.
Wall Street Update
U.S. stocks rose, with the Standard & Poor’s 500 Index re-
bounding following its longest losing streak of the year.
The S&P 500 (SPX) climbed 0.3 % to 1,698.67 at 4 p.m.
New York time following a five-day slump. The index pared
a gain of as much as 0.7 % amid concern lawmakers will
fail to reach a budget compromise to avert a government
shutdown.
Previous day Roundup
Nifty ended the September series up 8.7 % while the Sen-
sex was up 8.2 %. The day ended on a very flat note with
the Nifty at 5882.25 up 8.40 points or 0.14 %. The Sensex
closed up 37.61 points or 0.19 % at 19893.85. About 1173
shares have advanced, 1116 shares declined, and 154
shares are unchanged. BSE MIDCAP index closed at
5627.58 with the gain of 11.45 points and BSE SMALLCAP
index closed at 5479.62 with the gain of 30.98 points.
Index stats
Bank Nifty & Bankex both advanced 0.16% & 0.05% re-
spectively, the sectors which were in positive move with
Nifty in yesterday’s session were; PSU [up 6.41pts], Metals
[up 47.99pts], Capital Goods [up 50.15pts], AUTO [up
10.65pts], Healthcare [up 79.34pts], FMCG [up 38.38pts].
Power [up 12.70pts] traded upward. The sectors declined
were: IT [down 20.50pts], Oil & Gas [down 96.49pts], TECK
[down 9.83pts], REALTY [down 7.48pts] and Consumer
Durables [down 58.79pts].
World Indices
Index Value % Change
D J l 15,328.30 +0.36
S&P 500 1,698.67 +0.35
NASDAQ 3,787.43 +0.70
EURO STO 2,922.99 -0.15
FTSE 100 6,565.59 +0.21
Nikkei 225 14,790.66 -0.06
Hong Kong 23,120.56 -0.02
Top Gainers
Company CMP Change % Chg
BHEL 151.15 8.00 +5.59
TATA STEEL 301.30 10.20 +3.50
JPASSOCIAT 38.45 1.25 +3.35
COALINDIA 303.45 8.40 +2.85
SUNPHARMA 582.00 13.00 +2.28
Top Losers
Company CMP Change % Chg
JINDALSTEL 237.00 8.00 -3.27
AMBUJACEM 184.00 4.90 -2.59
PNB 474.10 10.75 -2.22
GAIL 328.00 6.50 -1.94
RELINFRA 401.50 6.60 -1.62
Stocks at 52 Week’s high
Symbol Prev. Close Change %Chg
CHMAHENDRA 220.00 0.30 +0.14
DRREDDY 2,462.95 33.85 +1.39
ENIL 284.00 10.20 +3.73
FOURSOFT 32.55 1.65 -4.82
GALLISPAT 218.00 10.10 +4.86
Indian Indices
Company CMP Change % Chg
NIFTY 5,882.25 +8.40 +0.14
SENSEX 19,893.85 +37.61 +0.19
Stocks at 52 Week’s Low
Symbol Prev. Close Change %Chg
CHENNPETRO 54.65 2.10 -3.70
KOTHARIPRO 310.30 0.30 -0.10
DAILY REPORT
27th SEPT. 2013
YOUR MINTVISORY Call us at +91-731-6642300
STOCK RECOMMENDATIONS [FUTURE] 1. JINDAL STEEL AND POWER
JINDAL STEEL AND POWER is looking weak on charts, short
build up has been seen, we may see more downside, if it
continues to sustain below 240. We advise selling below
240 levels with strict stop loss of 245 for the targets of 235-
230.
2. BHEL
BHEL FUTURE is looking strong on charts, long build up has
been seen, we may see more upside, if it continues to sus-
tain above 145. We advise around 145-146 levels with strict
stop loss of 140 for the targets of 148-150.
STOCK RECOMMENDATION [CASH] 1. ABG SHIPYARD LTD
ABG SHIPYARD LTD is looking strong on charts . We advice buying above 300 with strict stop loss of 285 for the targets of 305-315-335 levels. MACRO NEWS
The proposed external committee will look into new
bank license applications once RBI completes the basic
scrutiny, Tata Sons, India's biggest business group, and
firms controlled by billionaires are among the 26 enti-
ties that applied for bank licenses last month. Among
public sector units, India Post and IFCI have submitted
applications. Micro finance institutions such as Band-
han Financial Services and Janalakshmi Financial, too,
have expressed their intention to set up banks.
House Republican leaders offered a proposal today to
increase the U.S. debt ceiling that drew protests from
some members as a dispute over federal spending risks
a government shutdown in four days, over the budget
on Oct. 1. Focus will also turn to U.S. jobs data due next
Friday.
EQUITY CASH & FUTURE
CORPORATE ACTION TODAY
SCRIP ACTION Rs. Per Share
ALEMBICLTD BONUS 1:1
DAILY REPORT
27th SEPT. 2013
YOUR MINTVISORY Call us at +91-731-6642300
FUTURE & OPTION
MOST ACTIVE PUT OPTION
Symbol Option
Type
Strike
Price
LTP Traded
Volume
(Contracts)
Open
Interest
NIFTY PE 5,900 16.50 11,71,528 12,75,350
NIFTY PE 5,800 0.05 8,79740 81,84,050
NIFTY PE 5,850 0.05 4,00,985 33,21,600
BANK NIFTY PE 10,000 0.05 98,376 4,34,825
SBIN PE 1,650 0.15 9,068 2,41,125
RCOM PE 155 0.05 2,265 12,76,000
RELIANCE PE 840 0.55 5,697 3,08,250
ICICIBANK PE 920 0.05 1,571 2,13,000
MOST ACTIVE CALL OPTION
Symbol Option
Type
Strike
Price
LTP Traded
Volume
(Contracts)
Open
Interest
NIFTY CE 5,900 0.05 14,79123 82,20,650
NIFTY CE 6,000 0.05 7,07,830 89,20,900
NIFTY CE 5,950 0.05 3,06,568 28,88,850
BANKNIFTY CE 10,200 0.05 1,16,551 4,14,000
SBIN CE 1,700 0.05 15,996 3,80,375
RELIANCE CE 840 0.05 5,260 3,08,750
BHEL CE 150 0.65 5,681 16,62,000
RCOM CE 160 0.05 5,192 39,52,000
AXISBANK CE 1,050 0.05 3,271 2,55,250
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 232304 6832.86 181954 5335.79 446548 13049.40 1497.07
INDEX OPTIONS 908226 26206.36 924413 26660.47 1394531 41002.55 -454.11
STOCK FUTURES 258072 6961.57 268759 7285.90 865851 24016.36 -324.33
STOCK OPTIONS 33838 879.55 29856 759.52 9953 257.85 120.02
TOTAL 838.66
INDICES S2 S1 PIVOT R1 R2
NIFTY 5834.45 5858.35 5888.0 5911.9 5941.54
NIFTYJUNIOR 11249.65 11293.75 11340.9 11385.0 11432.15
STOCKS IN NEWS Power Finance Corporation invites initial bids for Odisha, Tamil Nadu ultra mega power projects. CVC may close complaints of irregularities in Jet-Etihad deal. Irda levies Rs 5 lacs fine on Punjab & Sind Bank. HUL spreads its wings to retain edge with projects Tele-calling, Columbus.
NIFTY FUTURE
Nifty Future closed in the red in the last trading ses-sion. We advise selling on rise around 5900-5925 with strict stop loss of 5980 for the targets of 5850-5820 levels.
DAILY REPORT
27th SEPT. 2013
YOUR MINTVISORY Call us at +91-731-6642300
RECOMMENDATIONS
SILVER
TRADING STRATEGY: BUY SILVER ABOVE 48850 TGTS 49150/49450 SL 48450 SELL SILVER BELOW 48320TGTS 48020/47720 SL 48700
GOLD
TRADING STRATEGY: BUY GOLD ABOVE 29930 TGTS 30030/30130 SL 29810 SELL GOLD BELOW 29750 TGTS 29650/29550 SL 29860
COMMODITY ROUNDUP
Commodity benchmarks are on course in Q3, 2013 to the
biggest quarterly gains in a year however, Barclays cau-
tions that it is not due to any real recovery in the global
economy. SNL Metals Economics Group (SNL MEG) Pipe-
line Activity Index (PAI), a barometer of drilling, mergers
and exploration acitivites in mining industry, has fallen to
the second lowest level in its history in August, suggesting
that crisis in mining is far from over and may the PAI is
searching for the bottom.
Gold prices failed to extend yesterday's gains and moved
lower by Rs 110 to Rs 30,105 per ten grams in futures
trade Thursday as rupee strengthened against the dollar at
the Interbank Foreign Exchange market. At the Multi Com-
modity Exchange (MCX), gold for delivery in October de-
clined by Rs 110 to Rs 30,105 per ten grams as against its
previous close of Rs 30,215.
Similarly, silver benchmark delivery dropped by Rs 251 to
Rs 48,920 per Kg. Gold price in overseas markets, which
normally set price trend on the domestic front, traded in a
narrow range and largely held on to overnight gains of
nearly 1 % as an upcoming Chinese holiday kept investors
on the sidelines and their focus turned towards the US
debt ceiling talks.
Spot gold last quoted at USD 1,333.80 an ounce, down
0.02%, after gaining 0.8 % in the previous session. In New
York, gold for December delivery rose USD 19.90 to settle
at USD 1,336.20 an ounce on the Comex division of the
NYMEX yesterday. Meanwhile, prices of both gold and sil-
ver declined in Delhi bullion market on reduced off take
amid a weak global trend. While gold declined by Rs 5 to
Rs 30,540 per ten gram, silver dropped by Rs 335 to Rs
38,995 per kg on fall in demand from retailers and indus-
trial units.
COMMODITY MCX
DAILY REPORT
27th SEPT. 2013
YOUR MINTVISORY Call us at +91-731-6642300
RECOMMENDATIONS CASTORSEED
SELL CASTORSEED BELOW 3430 TG 3400,3360 SL 3470 BUY CASTORSEED ABOVE 3490 TG 3525,3550 SL 3470
DHANIYA
SELL DHANIYA BELOW 5590 TG 5550,5510 SL 5630 BUY DHANIYA ABOVE 5650 TG 5675,5710 SL 5610
NCDEX ROUNDUP
Unica unveiled a drop in sugar output in Brazil's key Centre
South producing region, as weather worries resurfaced.
The industry group, which in April pegged the Centre South
cane harvest at 589.6m tonnes, with sugar output seen at
35.5m tonnes, said it would on October 1 reveal revised
projections.
Onyx Solar has completed the installation of the largest
photovoltaic skylight in the world, a PV double skylight siz-
ing 27,500 sqf which was executed for the new Novartis
Pharmaceuticals Corporation's headquarters in New Jer-
sey, United States.
Commodity returns were boosted with the easing of a
number of potentially negative factors and the emergence
of the some idiosyncratic risks in specific markets such as
oil.
Global oilseed crushing probably would surge to a record
in the next season as harvests accelerate in the Northern
Hemisphere and production is set to rise in South America.
About 401.08 million metric tons of 10 major oilseeds will
be processed in the 2013-14.
NCDEX
NCDEX INDICES
Index Value % Change
Castor Seed 3438 -1.21
Chana 3007 -1.99
Chilli 5404 +0.86
Coriander 5616 -0.20
Cotton Seed Oilcake 1456 -0.75
Jeera 12950 -1.15
Mustard seed 3554 -0.17
Ref Soya Oil 664.4 -0.49
Sugar M Grade 2893 -0.72
Turmeric 4610 -1.45
DAILY REPORT
27th SEPT. 2013
YOUR MINTVISORY Call us at +91-731-6642300
GBP/INR
GBP/INR has closed @100.3475. If it breaks the level of 100.25, it can touch the level of 100.00 & 99.51. If it sus-tains above the level of 101.05, it can touch the level of 101.36 & 101.62. USD/INR
USD/INR has closed @62.5625. If it breaks the level of 62.45, it can touch the level of 62.25 & 61.90. If it sustains above the level of 63.05, it can touch the level of 63.35 & 63.58.
CURRENCY ROUNDUP
The dollar held firm in early Asian trade after U.S. jobless
claims figures pointed to a improving labor market, reviv-
ing expectations of a reduction in U.S. monetary stimulus.
The dollar held onto modest overnight gains in Asia.
Stung by the rupee's recent collapse, the Reserve Bank of
India (RBI) is taking a carrot-and-stick approach to curb
trade in the offshore forwards market that is seen as a key
source of wrenching currency volatility. However, with no
viable alternative to trading in non-deliverable forwards
(NDF) involving the rupee, the strategy is likely to have
only a limited impact. The RBI recently met with a handful
of foreign banks and asked them to stop acting as market-
makers for rupee NDFs.
At the same time, it has held out the promise of easing
restrictions to allow greater participation in the onshore
forex market by overseas participants. The offshore mar-
ket in the partially convertible rupee has flourished, with
average daily trading volumes rising to about USD 5 billion
a day earlier this year from a few hundred million dollars in
2006.
Offshore rupee volumes have fallen by roughly half since
then, while the rupee has also stabilized somewhat. Vol-
umes in other emerging market NDFs have also fallen amid
recent emerging market weakness.
Central banks risk sparking new crises by keeping their
loose policy in place for too long. There is a danger of bub-
bles forming around the globe, due to easy monetary pol-
icy implemented to steer the world back into a more ro-
bust growth path.
CURRENCY
RBI Reference Rate
Currency Rate Currency Rate
Rupee- $ 62.2260 Yen-100 62.8400
Euro 84.1073 GBP 100.0594
DAILY REPORT
27th SEPT. 2013
YOUR MINTVISORY Call us at +91-731-6642300
CALL REPORT
Disclaimer
US ECONOMIC REPORT
PERFORMANCE UPDATES
Date Commodity/ Currency
Pairs Contract Strategy Entry Level Target Stop Loss Remark
26/09/13 MCX GOLD OCT. BUY 30290 30390-30490 30160 NOT EXECUTED
26/09/13 MCX GOLD DEC. SELL 30060 29960-29860 30290 BOOKED FULL PROFIT
26/09/13 MCX SILVER OCT. BUY 49560 49860-50160 49130 NOT EXECUTED
26/09/13 MCX SILVER DEC. SELL 49200 48900-48600 49560 BOOKED FULL PROFIT
26/09/13 NCDEX CASTOR SEED OCT. SELL 3450 3425-3390 30160 BOOKED PROFIT
26/09/13 NCDEX CASTOR SEED OCT. BUY 3490 3525-3550 30290 SL TRIGGERED
26/09/13 NCDEX DHANIYA OCT. BUY 55650 5675-5710 5630 NOT EXECUTED
26/09/13 NCDEX DHANIYA OCT. SELL 5590 5550-5510 5630 BOOKED FULL PROFIT
26/09/13 USD/INR SEP SELL 62.25 61.99-61.56 BOOKED PROFIT
26/09/13 EUR/INR SEP SELL 84.10 83.80-83.21 BOOKED PROFIT
26/09/13 USD/INR SEP BUY 63.30 63.57-64.08 NOT EXECUTED
26/09/13 EUR/INR SEP BUY 85.20 85.54-85.80 NOT EXECUTED
Date Scrip
CASH/
FUTURE/
OPTION
Strategy Entry Level Target Stop Loss Remark
26/09/13 NIFTY FUTURE SELL 5900-5925 5850-5820 5980 BOOKED PROFIT
26/09/13 BHEL FUTURE BUY 140 142-145 137 BOOKED FULL PROFIT
26/09/13 SESA GOA FUTURE SELL 187.188 192-195 185 BOOKED PROFIT
26/09/13 SPARC CASH BUY 133 138-145 127 NOT EXECUTED
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TIME (ET) REPORT PERIOD ACTUAL CONSENSUS FORECAST PREVIOUS
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