Special report by epic reseach 9 october 2013

DAILY REPORT

09th OCTOBER. 2013

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Global markets at a glance

Japan's Nikkei stock average notched its first rise in five ses-sions on Tuesday, tracking gains in other Asian markets, but a lack of progress in ending. The U.S. govt. shutdown and the debt-ceiling standoff kept investors on edge. The benchmark Nikkei closed up 0.3 percent at 13,894.61, rebounding from a five-week low of 13,748.94 hit earlier in the session. China's return from holiday provides support to prices.

European shares fell on Tuesday, with medical technology group Getinge slumping after a profit warning, as the United States' budget stalemate weighed on stock markets. The pan-European FTSEurofirst 300 index fell for the fourth time in five sessions, declining by 0.5 percent to 1,234.72 points. The euro zone's blue-chip Euro STOXX 50 index also fell 0.4 per-cent to 2,912.53 points.

Wall Street Update

Share prices under duress from U.S. budget deadlock. Yellen nomination as Fed chief provide limited relief. The United States faces an Oct. 17 deadline to raise its $16.7 trillion debt limit. If US fails then there would be serious consequences on the economy. Economic data releases have been delayed due to the partial shutdown of the US.

Previous day Roundup

The Sensex ended with a gain of 88 points after a volatile ses-sion. The Sensex closed at 19983.61 while the Nifty was up 22.25 points to close at 5928.40. About 1257 shares have ad-vanced, 1126 shares declined, and 147 shares are unchanged.

Investors pulled out more than USD 12 bn from equity funds focused on emerging markets including India in July-September quarter on concerns over US Federal Reserve's plan to curtail stimulus drive as well as tensions in Syria. USD 12.18 bn has flown out of emerging markets equities funds during 3rd quarter of 2013. Emerging markets equity funds posted back-to-back quarterly outflows for first time since 2011.

Index stats

Bank Nifty & Bankex both advanced 0.59% & 0.67% respec-tively, the sectors which were in positive move with Nifty in yesterday’s session are; Consumer Durables [up 37.22pts], Capital Goods [up 104.99pts], AUTO [up 12.27pts], Healthcare [up 18.37pts], FMCG [up 53.06pts], REALTY [up 19.53pts], TECK [up 6.32pts], Power [up 11.67pts] Oil & Gas [up 3.47pts] all traded upward. except IT [down 20.44pts], PSU [down 3.25pts], Metals [down 70.49pts].

World Indices

Index Value % Change

D J l 14,776.53 -1.07

S&P 500 1,655.45 -1.23

NASDAQ 3,694.83 -2.00

EURO STO 2,903.35 -0.67

FTSE 100 6,365.83 -1.11

Nikkei 225 13,920.09 +0.18

Hong Kong 23,033.56 -0.63

Top Gainers

Company CMP Change % Chg

BHARTIARTL 331.35 8.10 +2.51

LT 827.00 17.85 +2.21

ITC 347.15 7.10 +2.09

JINDALSTEL 245.60 4.90 +2.04

ICICIBANK 934.50 18.30 +2.00

Top Losers


BPCL 341.45 11.40 -3.23

HINDALCO 119.35 2.50 -2.05

SBIN 1,600.00 33.05 -2.02

IDFC 93.85 1.85 -1.93

BHEL 143.95 2.10 -1.44

Stocks at 52 Week’s high

Symbol Prev. Close Change %Chg

ATULAUTO 201.00 3.60 +1.82

BLUEDART 2735.10 47.50 +1.77

ESCORTS 93.20 1.55 +1.69

TCS 2,066.05 -23.70 -1.13

TECHM 1,442.00 -1.25 -0.09

Indian Indices


NIFTY 5,928.40 +22.25 +0.38

SENSEX 19,983.61 +88.51 +0.44

Stocks at 52 Week’s Low

Symbol Prev. Close Change %Chg

GLOBOFFS 48.65 1.30 -2.60

KOTHARIPRO 304.00 9.30 -2.97

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DAILY REPORT

09th OCTOBER. 2013


STOCK RECOMMENDATIONS [FUTURE]

1. PUNJ LLOYD

PUNJ LLOYD is looking strong on charts, long build up has been seen, we may see more upside, if it continues to sus-tain above 27. We advise buying around 27.50-28.00 levels with strict stop loss of 26.50 for the targets of 29-30 levels.

2. TATA GLOBAL

AXIS BANK is looking weak on charts, short build up has been seen, we may see more downside, if it continues to sustain below 1050. We advise selling on rise around 1080-1070 with strict stop loss of 1100 for targets of 1050-1025 levels.

STOCK RECOMMENDATION [CASH]

1. HINDUJA GLOBAL

HINDUJA GLOBAL is looking strong on charts . We advice buying above 378 with strict stop loss of 363 for the targets of 394-425 levels.

MACRO NEWS

Automakers sold 156,018 cars in India last month, up 0.7% from a year earlier, data from the Society of Indian Automobile Manufacturers (SIAM) showed. Sales of motorcycles rose 17.4%in September to 885,117, while truck and bus sales were down 27 percent at 51,680 units. A surprise increase in interest rates and rising car prices last month have tempered hopes for a turn-around in the country's struggling auto sector.

The Reserve Bank of India's move late on Monday to cut the Marginal Standing Facility rate by 0.5% point to 9% follows a 75 basis point cut in the rate last month.

A U.K. house-price index rose to the highest in more than a decade last month as government measures to boost home-buying.

Chinese service sector recorded a decline in September. HSBC China Services PMI fell to 52.4 from 52.8 recorded in August

The foreign trade balance showed a surplus of 13.1 bn euros in Aug. 2013. In Aug. 2012, surplus had amounted 16.3 bn euros. In calendar terms, it has balance re-corded a surplus of 15.6 bn euros in Aug. 2013.

EQUITY CASH & FUTURE


DAILY REPORT

09th OCTOBER. 2013


FUTURE & OPTION

MOST ACTIVE PUT OPTION

Symbol Option

Type

Strike

Price

LTP Traded

Volume

(Contracts)

Open

Interest

NIFTY PE 5,800 93.00 1,94,441 46,29,350

NIFTY PE 5,700 66.85 1,85,226 51,90,050

NIFTY PE 5,900 126.65 1,48,018 30,24,550

BANK NIFTY PE 9,500 170.00 18,107 4,27,450

SBIN PE 1,600 68.60 3,861 2,46,875

INFY PE 2,500 33.70 2,787 5,47,250

RELIANCE PE 840 24.60 1,212 4,68,000

SBIN PE 1,500 32.10 2,956 2,19,625

MOST ACTIVE CALL OPTION

Symbol Option

Type

Strike

Price

LTP Traded

Volume

(Contracts)

Open

Interest

NIFTY CE 6,100 80.55 2,45,408 47,27,000

NIFTY CE 6,200 48.25 2,28,984 34,79,050

NIFTY CE 6,000 123.80 1,56,530 41,42,150

BANKNIFTY CE 11,000 119.00 17,277 2,03,000

SBIN CE 1,700 39.00 5,213 3,29,500

RELIANCE CE 860 23.50 2,036 4,78,250

DLF CE 150 5.45 2,446 18,95,000

INFY CE 3,400 71.00 2,339 3,60,000

AXISBANK CE 1,100 46.40 1,689 2,89,250

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 54678 1595.10 59873 1764.00 385528 11197.56 -168.90

INDEX OPTIONS 404352 11763.58 410440 11876.54 1839574 54262.85 -112.97

STOCK FUTURES 55200 1544.45 55895 1547.72 928236 25971.07 -3.27

STOCK OPTIONS 30536 810.76 31652 851.83 63986 1813.68 -41.07

TOTAL -326.21

INDICES S2 S1 PIVOT R1 R2

NIFTY 5872.33 5900.36 5941.03 5969.06 6009.73

NIFTYJUNIOR 11479.45 11536.95 11628.85 11686.35 11778.25

BANKNIFTY 9867.18 10004.31 10227.73 10364.86 10588.28

STOCKS IN NEWS Eyeing re-entry into CDR cell; healthy loan growth: IFCI. LIC Housing plans to raise at least 2 billion rupees in debt, it is selling three-year bonds at 9.45%. Tata attempts to revive Nano, launches CNG vari-ant at Rs 2.52L-Rs 2.77L Infosys is set to announce its Q2 numbers on Fri-day. Apollo Tyres Wants to Renegotiate Cooper Tire Deal.

NIFTY FUTURE

Nifty Future as expected closed in the red in last trad-ing session. We advise selling on rise around 5980-6000 with stop loss of 6030 for targets of 5955-5925.


DAILY REPORT

09th OCTOBER. 2013


RECOMMENDATIONS

SILVER

TRADING STRATEGY:

BUY GOLD ABOVE 29750 TGTS 29850/29950 SL 29620

SELL GOLD BELOW 29540 TGTS 29440/ 29340 SL 29660

GOLD

TRADING STRATEGY:

BUY GOLD ABOVE 29750 TGTS 29850/29950 SL 29620

SELL GOLD BELOW 29540 TGTS 29440/ 29340 SL 29660

COMMODITY ROUNDUP

Gold inched higher on Tuesday as faint glimmers of hope in the U.S. fiscal standoff were not enough to dissipate fears the country could still be pushed towards an un-precedented default. India gold futures recorded an up-tick on Tuesday supported by depreciation of Indian Rupee (INR) against UD Dollar (USD) and firm international cues. MCX gold for December delivery was seen trading up by 0.21% at Rs.29549 per 10 grams as of 15.16 IST on Tuesday.

US gold held gains on Tuesday morning after US Govt shut-down entered for a second week. The commodity was sup-ported by weak US Dollar index and hopes that US Central Bank may continue with its monetary stimulus amid gloomy economic outlook on US. Chinese markets have reopened on Tuesday after a week long National Day holi-day and are expected to support the yellow metal move-ment in the global market. Comex gold futures for Decem-ber delivery on electronic platform was seen trading with a loss of $2.2 at $1322.9 per troy ounce as of 15.32 IST on Tuesday.

India lead futures edged up on Tuesday on short covering amid depreciation of Indian Rupee (INR) against US Dollar (USD). Lead futures for October delivery on India's Multi Commodity Exchange (MCX) was seen trading up by 0.91% at Rs.127.95 per kilogram as of 13.53 IST on Tuesday. MCX nickel for October delivery was seen trading up by 0.85% at Rs.865.60 per kilogram as of 13.59 IST on Tuesday.

Amid a weak trend in the Asian region, silver prices fell by Rs 167, or 0.34%, to trade at Rs 49,463 per kg in futures trade yesterday as speculators reduced positions. At the Multi Commodity Exchange, silver for delivery in Decem-ber contract traded Rs 167, or 0.34%, lower at Rs 49,463 per kg in business turnover of 884 lots. And the white metal for delivery in far-month March fell by Rs 174, or 0.34% lower, at Rs 50,601 per kg in four lots.

Supported by rising spot demand and a firming trend over-seas, nickel prices rose 0.31% to Rs 861 per kg in futures market yesterday as speculators built up positions. At the Multi Commodity Exchange, nickel for delivery in October gained Rs 2.70, or 0.31%, to Rs 861 per kg, clocking a busi-ness turnover of 862 lots. And the metal for delivery in November moved up by Rs 1.60, or 0.19%, to Rs 869 per kg in 80 lots.

COMMODITY MCX


DAILY REPORT

09th OCTOBER. 2013


RECOMMENDATIONS CASTORSEED

BUY CASTORSEED ABOVE 3600 TG 3630,3660 SL 3560 SELL CASTORSEED BELOW 3500 TG 3470,3440 SL 3550

DHANIYA

BUY DHANIYA ABOVE 6485 TG 6515,6545 SL 6445 SELL DHANIYA BELOW 6400 TG 6370,6340 SL 6440

NCDEX ROUNDUP Global supply of maize is likely to rise following record crop in Argentina, Brazil and Black Sea Region; who are major exporters to world markets. India is currently out priced in the international markets as Indian corn is being offered at USD 270- 275/MT FOB Kakinada/Vizag against Ukrainian origin which is being sold around USD 235/MT CNF South Korea,” Choksi informed.

India's soyameal exports to Iran have jumped 85% to 9.64 lakh tonnes during marketing year 2012-13 amid trade sanctions from the US. There has been a surge in the ship-ments to Iran after trade restrictions were imposed by the United States. Transaction between both countries in In-dian rupee is another factor which pushed exports to the West Asian nation .

In the marketing year ended last month, Iran has become the largest importer of soyameal from India. Export of soyameal used as animal feed has increased sharply in Sep-tember this year to 1.73 lakh tonnes from 2,864 tonnes in the same month last year. However, the total exports of soyameal has declined by 4% to 34.73 lakh tonnes during the 2012-13 marketing year (October-September) from 36.23 lakh tonnes in the previous year due to lower avail-ability of soyabean for crushing.

Cardamom prices tumbled three% to Rs 647.20 per kg in futures trade today as speculators booked profits amid subdued demand in the spot market.

NCDEX

NCDEX INDICES

Index Value % Change

Barley 1219.5 +0.29

Castor Seed 3574 +1.16

Chana 2981 -0.63

Chilli 5796 +0.38

Coriander 6464 +3.99

Cotton Seed Oilcake 1500 +0.87

Jeera 12835 +0.31

Mustard seed 3536 +0.71

Ref Soya Oil 693.6 +1.35

Turmeric 4846 +0.96


DAILY REPORT

09th OCTOBER. 2013


JPY/INR

JPY/INR has closed @64.0875. If it breaks the level of 63.50, it can touch the level of 63.36 & 63.00. If it sustains above the level of 64.40, it can touch the level of 64.67 & 65.03.

EUR/INR

EUR/INR has closed @84.4175. If it breaks level of 83.80, it can touch the level of 83.60 & 83.21. If it sustains above the level of 84.70 it can touch the level of 84.95 & 85.23.

CURRENCY ROUNDUP

INR was seen touching 61.85 against USD, a depreciation of 0.41% as of 14.12 IST on Tuesday.

The dollar edged higher on Tuesday, pulling away from a two-month low against the yen as signs emerged that US lawmakers could come to an agreement to avoid a de-fault. Signs of progress on the fiscal standoff in Washing-ton helped lift the dollar off an eight-month low on Tues-day, but lingering fear of any U.S. debt default weighed on world shares and oil.

The dollar was up 0.4 per cent at 97.10 yen, having dropped to 96.55 yen, its lowest since Aug. 12. It then re-covered to trade back above chart support at 96.73 yen, its 200-day moving average. The dollar index, which meas-ures the US currency's value against a basket of currencies, was up 0.1 per cent at 80.026. Last week it hit an eight-month low of 79.627.

The euro was down 0.1 per cent at $1.3568, pulling away from an eight-month high of $1.3645 touched on Thurs-day. The Euro has extended its decline against the US Dol-lar as the pair broken down the 1.3570 support to test the 1.3560 level. The EUR/USD may be in the third and final stage of an “abc” correction lower now with a downside target of 1.3489 to 1.3515.

The dollar got some relief against the yen on Wednesday from news U.S. President has tapped dovish Federal Re-serve Vice Chairwoman Janet Yellen to head the U.S. cen-tral bank, though the U.S. budget impasse kept the green-back near an eight-month trough against a basket of cur-rencies. The dollar rose to 97.21 yen after having hit a two-month low of 96.55 yen on Tuesday. The euro traded at $1.3568, below an eight-month peak of $1.36465 hit last week.

The Reserve Bank of India said on Tuesday banks will not be allowed to bid for term repos at or below the prevailing repo rate and it will conduct 7-day and 14-day repos on alternate Fridays starting Oct. 11.

CURRENCY

RBI Reference Rate

Currency Rate Currency Rate

Rupee- $ 61.6885 Yen-100 63.5000

Euro 83.6875 GBP 99.2013


DAILY REPORT

09th OCTOBER. 2013


CALL REPORT

Disclaimer

US ECONOMIC REPORT

PERFORMANCE UPDATES

Date Commodity/ Currency

Pairs Contract Strategy Entry Level Target Stop Loss Remark

08/10/13 MCX GOLD OCT. BUY 29600 29700-29800 29470 BOOKED PROFIT

08/10/13 MCX GOLD DEC. SELL 29330 29230-29130 29450 NOT EXECUTED

08/10/13 MCX SILVER OCT. BUY 49900 50200-50500 49500 BOOKED PROFIT

08/10/13 MCX SILVER DEC. SELL 49250 48950-48650 49600 NOT EXECUTED

08/10/13 NCDEX CASTOR SEED OCT. SELL 3500 3470-3440 3550 BOOKED FULL PROFIT

08/10/13 NCDEX CASTOR SEED OCT. BUY 3565 3595-3625 3525 BOOKED PROFIT

08/10/13 NCDEX DHANIYA OCT. BUY 6280 6310-6340 6240 BOOKED FULL PROFIT

08/10/13 NCDEX DHANIYA OCT. SELL 5900 5870-5840 5950 NOT EXECUTED

08/10/13 USD/INR OCT. SELL 61.95 61.76-61.38 BOOKED PROFIT

08/10/13 GBP/INR OCT. SELL 99.35 99.00-98.78 NOT EXECUTED

08/10/13 USD/INR OCT. BUY 62.95 63.20-63.61 NOT EXECUTED

08/10/13 GBP/INR OCT. BUY 100.55 100.85-101.44 NOT EXECUTED

Date Scrip

CASH/

FUTURE/

OPTION

Strategy Entry Level Target Stop Loss Remark

08/10/13 NIFTY FUTURE BUY 5920-5930 5960-5980 5890 NOT EXECUTED

08/10/13 TECHM FUTURE BUY 1450-1460 1475-1490 1420 CALL OPEN

08/10/13 RANBAXY FUTURE BUY 390 398-410 378 NOT EXECUTED

08/10/13 APAR INUSTTRIES CASH BUY 107 112-115 102 BOOKED PROFIT 04/10/13 BANKBARODA FUTURE BUY 252-230 538-545 505 BOOKED PROFIT

07/10/13 NIFTY FUTURE BUY 5930-5950 5980-5990 5900 BOOKED FULL PROFIT

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TIME (ET) REPORT PERIOD ACTUAL CONSENSUS FORECAST PREVIOUS

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 9 october 2013

Economy & Finance

Transcript of Special report by epic reseach 9 october 2013