Special report by epic reseach 7 october 2013

DAILY REPORT

07th OCTOBER. 2013

YOUR MINTVISORY Call us at +91-731-6642300

Global markets at a glance

Japan's Nikkei average fell to a one-month low on Friday as

a lack of progress in the U.S. budget standoff raised con-

cerns that partisan politics in Washington could lead to a

full-blown crisis in the world's biggest economy. The

benchmark Nikkei shed 0.9 % at 14,024.31, its lowest clos-

ing since Sept. 6 .

European shares rose on Friday, led by Italian stocks and

banks as investors welcomed a more stable political out-

look in Italy and bet the European Central Bank would con-

tinue to support the region's financial sector. The euro

zone's blue-chip Euro STOXX 50 index rose by 0.5 % to

2,916.26 points in mid-session trade, while FTSEuro first

300 index was flat at 1,242.32 points.

Wall Street Update

The Dow Jones industrial average was up 76.10 points, or

0.51%, at 15,072.58. The Standard & Poor's 500 Index rose

11.84 points, or 0.71 %, at 1,690.50. The Nasdaq Compos-

ite Index was up 33.41 points, or 0.89 %, at 3,807.75.

Asian shares, oil prices and the dollar came under pressure

on Monday as politicians in Washington showed no signs

of making progress to resolve the U.S. budget standoff,

while safe-haven gold inched higher.

Previous day Roundup

The market ended on a quite note after volatile session.

The Sensex closed up 13.88 points at 19915.95. The Nifty

managed to end above 5700, down 2.40 points at 5907.30.

About 1209 shares have advanced, 1128 shares declined,

and 134 shares are unchanged.

Index stats

Bank Nifty & Bankex both declined 0.25% &% the sectors

which were in positive move in yesterday’s session were;

Consumer Durables [up 20.81pts], ], AUTO [up 107.19pts],

FMCG [up 17.94pts]. Oil & Gas [up 38.25pts], ], PSU [up

7.52pts], Metals [up 54.94pts], REALTY [up 20.21pts]. The

sectors declined were: Capital Goods [down 39.50pts],

Healthcare [down 7.89pts], Power [down 7.58pts], TECK

[down 6.00pts], IT [down 12.25pts].

World Indices

Index Value % Change

D J l 15,072.58 +0.51

S&P 500 1,690.50 +0.71

NASDAQ 3,807.75 +0.89

EURO STO 2,928.31 +0.90

FTSE 100 6,453.88 +0.08

Nikkei 225 14,024.31 -0.94

Hong Kong 23,138.54 -0.33

Top Gainers

Company CMP Change % Chg

HINDALCO 118.40 2.85 +2.47

COALINDIA 309.30 6.95 +2.30

LUPIN 880.00 18.80 +2.18

BPCL 342.00 6.70 +2.00

TATAMOTORS 351.00 5.05 +1.46

Top Losers


DRREDDY 2,369.85 59.90 -2.47

POWERGRID 97.90 2.00 -2.00

JINDALSTEL 236.50 4.55 -1.89

IDFC 93.25 1.25 -1.32

LT 818.00 10.65 -1.29

Stocks at 52 Week’s high

Symbol Prev. Close Change %Chg

ABIRLANUVO 1,265.95 4.00 -0.31

CEATLTD 136.90 2.10 -1.51

HCLTECH 1,096.25 8.35 -0.76

JUSTDIAL 1,030.80 171.80 +20.00

TATAMOTORS 351.00 5.05 +1.46

Indian Indices


NIFTY 5,907.30 -2.40 -0.04

SENSEX 19,915.95 +13.88 +0.07

Stocks at 52 Week’s Low

Symbol Prev. Close Change %Chg

FLFL 120.05 6.30 -4.99

IMPAL 393.00 13.05 +3.43

http://www.epicresearch.co/

DAILY REPORT

07th OCTOBER. 2013


STOCK RECOMMENDATIONS [FUTURE] 1. ARVIND

ARVIND FUTURE is looking strong on charts, long build up

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

sustain above 90. We advise buying above 90 levels with

strict stop loss of 87 for the targets of 92-94 levels.

2. ZEE

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 253. We advise buying around 248-251levels

with strict stop loss of 245 for targets of 255-258 levels.

STOCK RECOMMENDATION [CASH] 1. TBZ

TBZ is looking strong on charts . We advice buying above 142 with strict stop loss of 135 for the targets of 147-152 levels. MACRO NEWS

The HSBC Services Purchasing Managers' Index (PMI), compiled by Markit, slipped from 47.6 in August to 44.6 in September, its weakest since April 2009.

The U.P. govt. is thinking to link cane prices to sugar prices, but the sugar industry maintains its stance that crushing will not be possible until the govt. adopts the Rangarajan Committee's recommendations.

The central bank announced buy-back of bonds worth 10,000crore through the OMO route. These government securities include a combination of short- and long-term papers maturing in 2015, 2016, 2022 and 2025. RBI will buy them in an auction to be held on October 7.

Finance ministry may encourage PSU banks to raise ad-ditional capital via qualified institutional placements. The ministry has also advanced Rs 14,000 crore capital infusion in PSU banks from the fourth quarter to the third quarter.

Over 5 billion dollars have come in through the swap facility which was launched in September to com-bat rupee depreciation. Under the facility, banks are permitted to swap fresh FCNR(B) dollar funds, mobi-lized for a minimum tenor of 3 yrs, at a fixed rate of 3.5% per annum for the tenor of the deposit.

EQUITY CASH & FUTURE


DAILY REPORT

07th OCTOBER. 2013


FUTURE & OPTION

MOST ACTIVE PUT OPTION

Symbol Option

Type

Strike

Price

LTP Traded

Volume

(Contracts)

Open

Interest

NIFTY PE 5,800 100.00 2,38,810 40,47,650

NIFTY PE 5,700 74.00 2,10,889 45,50,750

NIFTY PE 5,500 40.00 1,72,862 37,97,850

BANK NIFTY PE 10,000 299.50 10,007 1,62,300

SBIN PE 1,600 54.60 4,185 2,29,125

AXISBANK PE 1,100 64.00 1,324 1,67,750

RELIANCE PE 840 19.55 2,030 5,38,250

TATAMOTORS PE 350 13.50 1,710 2,48,000

MOST ACTIVE CALL OPTION

Symbol Option

Type

Strike

Price

LTP Traded

Volume

(Contracts)

Open

Interest

NIFTY CE 6,100 89.25 3,10,113 45,61,150

NIFTY CE 6,200 55.60 2,93,643 24,59,500

NIFTY CE 6,000 133.80 1,98,327 36,01,150

BANKNIFTY CE 11,000 151.70 11,851 1,92,800

SBIN CE 1,700 55.20 5,611 2,46,250

RELIANCE CE 860 29.00 3,375 3,79,500

DLF CE 150 6.40 2,812 16,98,000

JPASSOCIAT CE 40 1.95 2,235 49,84,000

TATAMOTORS CE 360 12.35 2,439 5,51,000

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 63233 1859.15 52669 1541.29 433359 12635.24 317.86

INDEX OPTIONS 512931 14949.25 491069 14303.38 1714020 50493.51 645.87

STOCK FUTURES 50027 1367.34 52266 1411.00 917172 25644.68 -43.65

STOCK OPTIONS 31386 806.07 32963 852.17 49346 1329.08 -46.10

TOTAL 873.98

INDICES S2 S1 PIVOT R1 R2

NIFTY 5848.8 5878.05 5914.25 5943.5 5979.7

NIFTYJUNIOR 11385.79 11460.44 11521.95 11596.59 11658.1

STOCKS IN NEWS Essar Oil moves SC for extension of time to pay sales tax dues Coal India misses production target by 6 MT during April-September 2013 Coal India misses production target by 6 MT during April-September 2013. Banks to follow uniform loan classification rules, share defaulter information.

NIFTY FUTURE

Nifty Future as expected closed in the green in the last trading session. We advise buying on dips around 5930-5950 with strict stop loss of 5900 for the targets of 5980-5990 levels.


DAILY REPORT

07th OCTOBER. 2013


RECOMMENDATIONS

SILVER

TRADING STRATEGY: BUY SILVER ABOVE 48620TGTS 48920/49220 SL 48200 SELL SILVER BELOW 47700 TGTS 47400/47100 SL 48100 GOLD

TRADING STRATEGY: BUY GOLD ABOVE 29290 TGTS 29390/29490 SL 29190 SELL GOLD BELOW 28900 TGTS 28800/ 28700 SL 29120

COMMODITY ROUNDUP

Gold demand in India improved on Friday as jewelers were

placing orders after prices fell more than 1% to the lowest

in nearly seven weeks on a stronger rupee. A strong rupee

trims landed cost of imported gold. Gold demand from the

countryside is likely to rise in coming weeks as farmers are

set to harvest bumper crops aided by good monsoon .

Overseas, gold prices were steady on Friday as a partial

U.S. government shutdown threatened to hurt economic

growth, increasing bullion's safe-haven appeal.

Crude oil futures prices on Friday fell further by 1.44% to

Rs 6,360 per barrel, as participants indulged in reducing

positions, tracking a weak trend in the Asian region. At

the MCX, crude oil for delivery in October fell by Rs 93, or

1.44%, to Rs 6,360 per barrel in 3,453 lots. In a likewise

manner, oil for November moved down by Rs 86, or

1.33%, to Rs 6,389 per barrel in 206 lots. Fall in crude oil

futures was attributed to a weak trend in Asian trade as

traders concerns grew after lacking breakthrough in the US

budget stand-off that led to govt. shutdown. Meanwhile,

WTI crude for November delivery eased 15 cents to USD

103.16 a barrel on the NYMEX in mid-morning trade.

Amid a weak trend overseas and subdued domestic de-

mand, zinc futures prices on Friday fell 0.87% to Rs 114.30

per kg as speculators trimmed positions. At the MCX zinc

prices for delivery in October declined by Re 1, or 0.87%,

to Rs 114.30 per kg in business turnover of 377

lots. Likewise, the metal prices for delivery in November

traded lower by 80 paisa, or 0.69%, to Rs 115.85 per kg in

seven lots. Nickel prices moved down by 0.54% to Rs

839.50 per kg in futures trade on Friday due to sluggish

demand from alloy-makers in spot market amid a weak

global trend. At the MCX, nickel for delivery in October

declined by Rs 4.60, or 0.54% to Rs 839.50 per kg in a turn-

over of 500 lots.

COMMODITY MCX


DAILY REPORT

07th OCTOBER. 2013


RECOMMENDATIONS CASTORSEED

BUY CASTORSEED ABOVE 3590 TG 3620,3650 SL 3540 SELL CASTORSEED BELOW 3470 TG 3440,3410 SL 3520

DHANIYA

BUY DHANIYA ABOVE 6110 TG 6140,6170 SL 6050 SELL DHANIYA BELOW 5900TG 5870,5840 SL 5950

NCDEX ROUNDUP

India area sown for kharif crops has touched 1046.32 lakh

hectares (lh), as on 4 October 2013. The figure is higher

when compared to the 998.70 lh recorded during the same

period last year. Rice is sown on an area of 377.22 lh for

2013-14 kharif crop (the figure is higher when compared to

the 369.58 lh during the same period last year) followed by

pulses 106.51 lh (101.48 ), coarse cereals 195.95 lh

(177.72) and oil seeds 194.93 lh (175.22).sugarcane

planted on an area of 48.74 lh (lower when compared to

the 50.06 lh at the same time last year), followed by cotton

114.51 lh (116.04 lh) and jute & mesta 8.47 lh (8.60 lh).

Although the share of agriculture in the country’s Gross

Domestic Product (GDP) has gone down substantially to

less than 14 per cent over the years, it would be the multi-

plier that will push expansion of activities in manufacturing

and services. Rising CO2 levels may currently be benefit-

ting cotton, but the long-term impact will probably not be

desirable. A rise in temperatures and the CO2 level is fore-

cast to increase pests, increase demand for potassium fer-

tilizer and increase vegetative growth. Dry land cotton

could be affected more than irrigated.

NCDEX

NCDEX INDICES

Index Value % Change

Barley 1221 +0.25

Castor Seed 3516 -0.48

Chana 2908 +0.28

Chilli 5810 0.00

Coriander 5980 -1.85

Cotton Seed Oilcake 1491 -0.80

Jeera 12647.5 -0.49

Mustard seed 3487 -0.94

Ref Soya Oil 678 -0.35

Turmeric 4710 -0.84


DAILY REPORT

07th OCTOBER. 2013


GBP/INR

GBP/INR has closed @99.34. If it breaks the level of 99.20,

it can touch the level of 99.00 & 98.78. If it sustains above

100.50, it can touch the level of 100.85 & 101.12.

EUR/INR

EUR/INR has closed @84.1875. If it breaks the level of

84.05, it can touch the level of 83.90 & 83.80. If it sustains

above 84.80 it can touch the level of 84.95 & 85.20.

CURRENCY ROUNDUP

The partially convertible rupee hit a seven-week high on

Friday, helped by corporate selling and stop-losses getting

triggered. The rupee's depreciation is generating interest

from US companies for setting up factories in Asia's third-

largest economy. The rupee trading at around 60 to 62 a

dollar will lure overseas firms to invest in India.

The rupee strengthened the most in two weeks to 61.74

per dollar on Thursday as US lawmakers' failure to resolve

a budget impasse damped demand for the dollar. It rose

0.2% to 61.61 a $ at 9:43 am. PM has eased rules to allow

foreign carriers buy stake in local airlines and overseas re-

tailers own 51% of local companies to lure inflows and

boost the rupee, which plunged to a record 68.8450 per $

on August 28. It has recovered 10% since then.

Foreign exchange reserves fell to $276.264 billion as of

Sept. 27, compared with $277.382 billion in the earlier

week, Changes in foreign currency assets, expressed in

dollar terms, include the effect of appreciation or depre-

ciation of other currencies held in its reserves . Foreign

exchange reserves include India's Reserve Tranche position

in the International Monetary Fund (IMF).

Dollar rises 0.5% but not far off eight-month low. The dol-

lar hovered near an 8month low on fears the budget

standoff in Washington will drag on until politicians reach

a deal to raise the U.S. debt ceiling. The dollar rose for first

time in six days, gaining 0.3% to 79.972 against a basket of

major currencies. The euro slipped 0.3% to $1.3582. The

dollar had hit an 8month low on Thursday on views that

the govt. shutdown will further delay the Fed’s plans to

scale back stimulus.

CURRENCY

RBI Reference Rate

Currency Rate Currency Rate

Rupee- $ 61.4050 Yen-100 63.2500

Euro 83.6790 GBP 99.2857


DAILY REPORT

07th OCTOBER. 2013


CALL REPORT

Disclaimer

US ECONOMIC REPORT

PERFORMANCE UPDATES

Date

Commodity/ Currency

Pairs Contract Strategy Entry Level Target Stop Loss Remark

04/10/13 MCX GOLD OCT. BUY 29620 29720-29820 29500 NOT EXECUTED

04/10/13 MCX GOLD DEC. SELL 29350 29250-29150 29480 BOOKED FULL PROFIT

04/10/13 MCX SILVER OCT. BUY 48900 49200-49500 48400 NOT EXECUTED

04/10/13 MCX SILVER DEC. SELL 48400 48100-47800 48900 BOOKED FULL PROFIT

04/10/13 NCDEX CASTOR SEED OCT. SELL 3410 3380-3350 3450 NOT EXECUTED

04/10/13 NCDEX CASTOR SEED OCT. BUY 3480 3510-3540 3440 BOOKED FULL PROFIT

04/10/13 NCDEX DHANIYA OCT. BUY 6210 6240-6270 6170 NOT EXECUTED

04/10/13 NCDEX DHANIYA OCT. SELL 6050 6020-5990 6090 NOT EXECUTED

04/10/13 USD/INR OCT. SELL 62.05 61.90-61.56 BOOKED PROFIT

04/10/13 EUR/INR OCT. SELL 84.35 84.03-83.60 BOOKED PROFIT

04/10/13 USD/INR OCT. BUY 62.95 63.25-63.31 NOT EXECUTED

04/10/13 EUR/INR OCT. BUY 85.60 86.00-86.30 NOT EXECUTED

Date Scrip

CASH/

FUTURE/

OPTION

Strategy Entry Level Target Stop Loss Remark

04/10/13 NIFTY FUTURE BUY 5950-5940 5980-5990 5900 BOOKED FULL PROFIT

04/10/13 BANKBARODA FUTURE BUY 252-230 538-545 505 CALL OPEN

04/10/13 AXISBANK FUTURE BUY 1100-1110 1135-1150 1085 CALL OPEN

04/10/13 BANK OF INDIA CASH BUY 175 179-182 170 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 investment decision. The report does not provide individually tailor-made investment advice. Epic research recommends that investors independently evaluate particular investments 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 regula-tions of NSE and BSE. The share price projections shown are not necessarily indicative of future price performance. The infor mation 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 expressed as a recommendation for which either the site or its owners or anyone can be held responsible for . Any surfing and reading of the informa-tion 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 Pro-vided 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

MONDAY, OCT. 7

3 pm Consumer credit Aug. -- $10.4 bln

TUESDAY, OCT. 8

7:30 am NFIB small business index Sept. -- 94.0

8:30 am Trade deficit* Aug. -$39.5 bln -$39.1 bln

10 am Job openings* Aug. -- 3.7 mln

WEDNESDAY, OCT. 9

10 am Wholesale inventories* Aug. -- 0.1%

2 pm FOMC minutes 9/18

2 pm Federal budget* Oct. -- -$75 bln

THURSDAY, OCT. 10

8:30 am Weekly jobless claims 10/5 N/A 308,000

8:30 am Import price index* Sept. 0.2% 0.0%

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 7 october 2013

Economy & Finance

Transcript of Special report by epic reseach 7 october 2013