Special report by epic reseach 5 september 2013

DAILY REPORT

5th SEPT. 2013

YOUR MINTVISORY Call us at +91-731-6642300

Global markets at a glance

Emerging markets in Asia appear to have stabilized in re-

cent days, but market watchers believe the sell-off is far

from over. The Asian markets ended on a mixed note yes-

terday, but today the Nikkei and Hong Kong’s Hang Seng

Index are trading with a upward move by 0.05% & 0.94%

respectively.

European markets traded on a negative note yesterday as

US is moving closer towards a war with Syria. US stock fu-

tures traded on a flat note

Wall Street Update

Rising U.S. imports in July signaled that growth in con-

sumer spending in the second half of the year should help

propel the nation's recovery as its trading partners stabi-

lize. Imports rose 1.6% in July from the prior month, aided

by strengthening domestic demand for industrial supplies

and consumer products, Commerce Department figures

showed Wednesday. Exports fell 0.6%, giving up some

ground after the surging to a record high in June

Previous day Roundup

The market rose more than 1.5 percent in morning trade

Wednesday on short covering in most beaten up stocks.

In a volatile session, both the Sensex and Nifty managed to

pull-back almost half of Tuesday's losses. The Sensex

ended up 332.89 points or 1.83 percent at 18567.55, and

the Nifty closed up 106.65 points or 2 percent at

5448.10. About 1352 shares have advanced, 907 shares

declined, and 159 shares are unchanged.

Index stats

Banks, oil & gas, metals and tech stocks are holding up the

indices while realty stocks are under heavy selling pres-

sure. Bank Nifty & Bankex both gained 2.09% & 2.10% re-

spectively, while all the sectors also resulted upside closing

in yesterday’s session; Consumer Durables [up 50.13pts],

Oil & Gas [up 168.26 pts] , PSU [up 82.99pts]. Metals [up

222.32pts], Capital Goods [up 100.01pts], FMCG [up

9.86pts], TECK [up 99.87pts], Healthcare [up 229.82pts], IT

[up 170.56pts], Power [up 26.82pts].

World Indices

Index Value % Change

D J l 14,930.87 +0.65

S&P 500 1,653.08 +0.81

NASDAQ 3,649.04 +1.01

EURO STO 2,758.29 +0.18

FTSE 100 6,474.47 +0.10

Nikkei 225 14,060.04 +0.05

Hong Kong 22,558.01 +0.94

Top Gainers

Company CMP Change % Chg

RANBAXY 444.00 35.55 8.70

BHEL 126.90 7.70 6.46

JPASSOCIAT 36.35 2.10 6.13

LUPIN 879.00 38.60 4.59

TATAMOTORS 311.00 13.65 4.59

Top Losers


DLF 126.00 1.30 -1.02

ITC 300.00 0.70 -0.23

MARUTI 1,275.20 0.85 -0.07

Stocks at 52 Week’s high

Symbol Prev. Close Change %Chg

HCLTECH 1,043.00 19.15 +1.87

INFY 3,099.00 65.30 +2.15

SUVEN 44.70 6.80 +17.94

TCS 2,075.10 73.90 +3.69

Top Losers


NIFTY 5,448.10 106.65 +2.00

SENSEX 18,567.55 332.89 +1.83

Stocks at 52 Week’s Low

Symbol Prev. Close Change %Chg

AXISBANK 800.95 18.10 +2.31

FEDERALBNK 241.50 11.40 +4.95

GRASIM 2,190.30 19.40 +0.89

LICHSGFIN 157.50 0.80 +0.51

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DAILY REPORT

5th SEPT. 2013


STOCK RECOMMENDATIONS [FUTURE] 1. BHEL

BHEL is looking strong on charts, long build up has been seen, we may see more upside, if it continues to sustain above 126.50. We advise buying above 126.50 levels with strict stop loss of 122 for the targets of 128-130-135 levels. 2. LUPIN

LUPIN is looking strong on charts, long build up has been seen, we may see more upside, if it continues to sustain above 860. We advise buying around 860-865 levels with strict stop loss of 850 for the targets of 880-890 levels.

STOCK RECOMMENDATION [CASH] 1. MONNET ISPAT

MONNET ISPAT is looking strong on charts . We advise buy-ing above 128 with strict stop loss of 118 for the targets of 135-139.

EQUITY CASH & FUTURE

CORPORATE ACTION TODAY

SCRIP ACTION Rs. Per Share

SUPREMEIND DIVIDEND 5.5

SUDARSCHEM DIVIDEND 12.5

MMTC DIVIDEND 0.1

NTPC DIVIDEND 0.75

COX&KINGS DIVIDEND 1

KRBL DIVIDEND 0.8

POWERGRID DIVIDEND 1.14

INDIAGLYCO DIVIDEND 2

UGARSUGAR DIVIDEND 0.2

BEML DIVIDEND 2.5

GAIL DIVIDEND 5.6

IDEA DIVIDEND 0.3

GMRINFRA DIVIDEND 0.1

RSWM DIVIDEND 10

SWANENERGY DIVIDEND 0.5

MPSLTD DIVIDEND 5

SANGHVIMOV DIVIDEND 1

SARLAPOLY DIVIDEND 6

ASTRAL Face Value Split From Rs.5/- To Rs.2/-


DAILY REPORT

5th SEPT. 2013


FUTURE & OPTION

MOST ACTIVE PUT OPTION

Symbol Option

Type

Strike

Price

LTP Traded

Volume

(Contracts)

Open

Interest

NIFTY PE 5,200 85.00 3,12,804 47,86,250

NIFTY PE 5,100 64.35 2,79,906 37,13,350

NIFTY PE 5,300 109.25 2,70,070 76,35,200

BANKNIFTY PE 8,500 237.75 13,012 1,33,875

SBIN PE 1,400 37.05 2,626 2,75,750

AXISBANK PE 750 31.00 2,432 3,65,000

MCDOWELL-N PE 2,200 44.25 1,861 91,125

TATAMOTORS PE 300 10.45 1,751 7,48,000

MOST ACTIVE CALL OPTION

Symbol Option

Type

Strike

Price

LTP Traded

Volume

(Contracts)

Open

Interest

NIFTY CE 5,600 82.00 3,59,324 34,93,900

NIFTY CE 5,700 49.50 3,09,204 41,50,550

NIFTY CE 5,500 128.50 2,93,758 42,17,300

BANKNIFTY CE 9,000 335.00 17,393 2,03,275

JPASSOCIAT CE 40 1.95 4,157 71,96,000

SBIN CE 1,600 33.35 4,008 3,9,000

RELIANCE CE 860 29.50 3,525 2,36,750

MCDOWELL-N CE 2,400 91.00 3,199 1,21,250

AXISBANK CE 850 37.65 2,784 3,35,750

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 146560 3924.31 122296 3276.48 391254 10184.32 647.84

INDEX OPTIONS 749389 19609.64 753928 19816.00 1927592 52305.39 -206.36

STOCK FUTURES 86293 2138.52 76251 1820.65 1064580 26937.14 317.87

STOCK OPTIONS 26384 650.27 25465 628.96 39637 1097.61 21.31

TOTAL +780.65

INDICES S2 S1 PIVOT R1 R2

NIFTY 5267.73 5357.91 5409.08 5499.26 5550.43

NIFTYJUNIOR 10239.78 10362.95 10434.33 10557.51 10628.88

STOCKS IN NEWS RINL posts 17% higher turnover in August 2013. JSW Steel is planning to export 3 million tonnes of

steel in the current fiscal. NDMC gets nod to seek Solicitor General opinion on

Taj Mansingh. The government has decided to extend the direct

benefit transfer for liquefied natural gas or (DBTL) scheme in 235 more districts by Jan 1, 2014.

NIFTY FUTURE

Nifty Future as expected closed in the green in the last trading session. We advise buying on dips around 5400-5420 with strict stop loss of 5350 for the targets of 5450-5490 levels.


DAILY REPORT

5th SEPT. 2013


RECOMMENDATIONS

SILVER

TRADING STRATEGY: SELL SILVER BELOW 54500 TGTS 54300/ 54000 SL 54800 BUY SILVER ABOVE 55500 TGTS 55700/ 56000 SL 55300

GOLD

TRADING STRATEGY: SELL GOLD BELOW 32300 TGTS 32200/32000 SL 32450 BUY GOLD ABOVE 32900 TGTS 33000/33200 SL 32750

COMMODITY ROUNDUP

Gold futures fell more than 2.5 percent on Wednesday, as

a rebounding rupee from near-record lows weighed on

sentiment. Gold prices in the global market eased their

earlier gains and were seen trading negative amid Middle

East tensions and concerns that US Federal Reserve may

end its monetary stimulus later this year on improving eco-

nomic conditions of the United States. Positive data re-

leases from European countries may have affected the

yellow metal prices to certain extent. The rupee, which

rebounded from its near-record low, plays an important

role in determining the landed cost of the dollar-quoted

yellow metal.

MCX gold futures for October delivery was seen trading

down by 2.73% at Rs.33500 per 10 grams as of 14.35 IST

on Wednesday. October 2013 gold futures at the MCX

were trading down 2.58% at Rs 33,550 per 10 grams at

12.21 p.m. It opened at Rs 34,375. September 2013 silver

futures at the MCX were trading down 3.69% at Rs 55,193

per 1 kg after hitting high of Rs 57,450. It opened at Rs

56,305.

Gold and silver futures were trading lower on Wednesday

in global markets also. Gold futures for September 2013

went down 0.14% at USD 1,409.9 per troy ounce at the

Comex division of the New York Mercantile Ex-

change. However, Comex Silver futures for September

2013 declined 1.97% at USD 23.90 per troy ounce (12.34

p.m.). Gold futures for December delivery on Globex plat-

form of Comex was seen trading down by 0.43% at

$1405.9 per troy ounce as of 14.26 IST on Wednesday.

India lead and nickel futures edged down amid apprecia-

tion of Indian Rupee (INR) against US Dollar (USD). Positive

economic, manufacturing data releases from European

countries failed to support the commodities to certain ex-

tent.

COMMODITY MCX


DAILY REPORT

5th SEPT. 2013


RECOMMENDATIONS CASTORSEED

BUY CASTORSEED SEP ABOVE 3730 TG 3755, 3790 SL 3685 SELL CASTORSEED SEP BELOW 3700 TG 3675, 3630 SL 3740

DHANIYA

BUY DHANIYA OCT ABOVE 6030 TG 6055, 6090 SL 5985 SELL DHANIYA OCT BELOW 5950 TG 5925, 5890 SL 5940

NCDEX ROUNDUP U.S. agricultural exports in fiscal year 2013 are projected to

reach $140 billion, which if realized would be a new re-

cord. USDA estimates that fiscal 2014 exports will drop to

$135 billion. Oilseeds and products are expected to decline

the most, down $5.4 billion due to lower soybean and

meal prices. Grain and feed exports are expected to fall

$1.7 billion due to lower wheat, rice, and feeds and fod-

ders exports. Cotton exports are forecast down $700 mil-

lion as a result of lower domestic production and reduced

demand from China. Cost of Cotton production rises to

highest levels globally.

The local sugar-marketing year has started from 1st Sep-

tember and demand is thinning after recent gains in prices.

Spot sugar had surged ready mandies as the prices have

been very well supported on account of a weak Indian Ru-

pee.

Coriander prices gained as a rally from the six-month low

in Kota continued and steady buying is being witnessed.

However, some buying is emerging now. Lack of good

quality supplies in open markets is expected to offer some

buying in the dips

NCDEX

NCDEX INDICES

Index Value % Change

Castor Seed 3717 -2.62

Chana 3107 -1.77

Chilli 5442 -3.99

Coriander 5847 -1.73

Cotton Seed Oilcake 1773 -0.73

Jeera 13790 -2.39

Mustard seed 3566 -2.22

Ref Soya Oil 702 -1.64

Sugar M Grade 3001 -0.20

Turmeric 5084 -1.59


DAILY REPORT

5th SEPT. 2013


JPY/INR

JPY/INR has closed @67.7275. If it sustains above 68.60, it

can touch the level of 69.65 & 70.17. If it breaks the level

of 67.15, it can touch the level of 66.64 & 66.07.

EUR/INR

EUR/INR has closed @90.3325. If it sustains above 90.01, it

can touch the level of 90.96 & 91.30. If it breaks the level

of 88.10, it can touch the level of 87.31 and 86.71.

CURRENCY ROUNDUP Indian rupee saw V-shape recovery, gaining 4 paise to

67.59 against the US dollar. It was up 87 percent to 68.52

in early trade yesterday. The Rupee opened lower at 68.10

and made a further low of 68.61 as custodial banks bought

$ on concerns of tapering of bond flows from US and Syria

concerns apart from the downgrade threat from S&P. The

rupee, however, recovered from its lows as RBI heavily

intervened in the market and brought it up to a high of

66.84.

The rupee wiped out initial losses and made a smart recov-

ery yesterday, rising 56 paisa to 67.07 against the dollar

after the central bank was said to have stepped in to lift

the local currency from near record lows. While a weaken-

ing dollar overseas ahead of weekly supply data from the

US aided the rupee's rise, capital outflows restricted the

gains.

The Reserve Bank of India (RBI) was said to have inter-

vened at this stage through state-run banks, leading the

rupee to bounce back to a high of 66.80 before ending at

67.07, a rise of 56 paisa or 0.83 per cent.

The 17-nation currency EURO faltered against the dollar in

the previous session on upbeat data from the US economy

and as investors remained wary of a possible strike on

Syria by the US.

The RBI fixed the reference rate for the dollar at 67.0289

and for the euro at 88.2374. The rupee recovered against

the pound sterling to end at 104.72 from 105.16 previously

and rebounded to 88.42 per euro from 89.04. It gained

against the Japanese yen to 67.44 per 100 yen from the

previous close of 68.03. Forward dollar premiums dropped

further on continued receipts by exporters.

CURRENCY

RBI Reference Rate

Currency Rate Currency Rate

Rupee- $ 67.0289 Yen-100 67.1800

Euro 88.2374 GBP 104.3171


DAILY REPORT

5th SEPT. 2013


CALL REPORT

Disclaimer

US ECONOMIC REPORT

TIME (ET) REPORT PERIOD ACTUAL CONSENSUS FORECAST PREVIOUS

THURSDAY, SEPT. 5

8:15 AM ADP EMPLOYMENT AUG. 190,000 200,000

8:30 AM WEEKLY JOBLESS CLAIMS 8/31 N/A N/A

8:30 AM PRODUCTIVITY 2Q 1.2% 0.9%

10 AM ISM NONMANUFACTURING AUG. 55.0% 56.0%

10 AM FACTORY ORDERS JULY -- 1.5%

FRIDAY, SEPT. 6

8:30 AM NONFARM PAYROLLS AUG. 165,000 162,000

8:30 AM UNEMPLOYMENT RATE AUG. 7.4% 7.4%

PERFORMANCE UPDATES

Date Commodity/ Currency

Pairs Contract Strategy Entry Level Target Stop Loss Remark

04/09/13 MCX GOLD OCT. BUY 33400 33460-33550 33300 BOOKED FULL PROFIT

04/09/13 MCX SILVER DEC. BUY 59600 59800-60000 59300 NOT EXECUTED

04/09/13 NCDEX CASTOR SEED SEP BUY 3850 3875-3920 3800 SL TRIGGERED

04/09/13 NCDEX CASTOR SEED SEP SELL 3780 3750 3630 BOOKED FULL PROFIT

04/09/13 NCDEX DHANIYA SEP BUY 6040 6070-6100 6000 NOT EXECUTED

04/09/13 NCDEX DHANIYA SEP SELL 5920 5895-5850 5962 BOOKED FULL PROFIT

04/09/13 JPY/INR SEP BUY 69.30 69.88-70.75 NOT EXECUTED

04/09/13 EUR/INR SEP BUY 90.75 91.07-92.14 BOOKED PROFIT

04/09/13 JPY/INR SEP SELL 67.10 66.64-66.10 NOT EXECUTED

04/09/13 EUR/INR SEP SELL 88.00 87.30-86.70 NOT EXECUTED

Date Scrip

CASH/

FUTURE/

OPTION

Strategy Entry Level Target Stop Loss Remark

04/09/13 NIFTY FUTURE SELL 5350-5370 5325-5300 5400 SL TRIGGERED

04/09/13 DLF FUTURE SELL 127 124-120 132 BOOKED PROFIT

04/09/13 SBIN FUTURE SELL 1450 1420-1350 1500 NOT EXECUTED

04/09/13 YESBANK CASH SELL 230-235 220-200 245 BOOKED PROFIT

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Special report by epic reseach 5 september 2013

Economy & Finance

Transcript of Special report by epic reseach 5 september 2013