Special report 12 sep-2013 by epic research
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Transcript of Special report 12 sep-2013 by epic research
DAILY REPORT
12th SEPT. 2013
YOUR MINTVISORY Call us at +91-731-6642300
Global markets at a glance
Global stocks were mixed Wednesday amid optimism
about a possible Chinese recovery and concern over a pos-
sible U.S. attack on Syria. U.S. stocks closed higher on
Wednesday, with the S&P 500 up for a seventh straight
day, as geopolitical fears eased amid diplomatic efforts to
allow Syria to surrender its chemical weapons, averting a
U.S. military strike.
Nikkei 225 index, the regional heavyweight, shed early
gains to flatten out at 14,425.07 points while China's
benchmark Shanghai Composite Index gained 0.2 percent
to 2,241.27. Hang Seng fell 0.2 % to 22,937.14.
In Europe, Britain's FTSE 100 fell 0.1 % to 6,575.96 in early
trading. Germany's DAX added 0.3 % to 8,468.15 while
France's CAC-40 shed 0.2 % to 4,107.38.
Wall Street Update
WALL Street's watchdog will present a plan to its board
next week that would require brokers that get a bonus to
switch firms to disclose that fact to clients they want to
bring with them. The proposal by the industry-funded Fi-
nancial Industry Regulatory Authority will be discussed on
Sept 19.
Previous day Roundup
It was a subdued session on Dalal Street. After some profit
booking earlier during the session, both the Sensex and
Nifty end the day on a flat note. The Sensex ended 0.35
points at 19997.45, and the Nifty closed up 16.40 points or
0.28 percent at 5913.15. About 1409 shares have ad-
vanced, 926 shares declined, and 160 shares are un-
changed.
Index stats
Bank Nifty & Bankex both gained %& % respectively, while
all the sectors also resulted upside closing in yesterday’s
session; Consumer Durables [down 39.05 pts], IT [down
19.12pts], Oil & Gas [down 18.73pts], TECK [down
8.15pts], FMCG [down 75.98pts]. Whereas sectors like:
PSU [up 78.44pts], Metals [up 278.28pts], Capital Goods
[up 107.74pts], AUTO [up 9.21pts], Healthcare [up
105.74pts], REALTY [up 33.99pts] traded upward.
World Indices
Index Value % Change
D J l 15,326.60 +0.89
S&P 500 1,689.13 +0.31
NASDAQ 3,725.01 -0.11
EURO STO 2,863.44 +0.42
FTSE 100 6,588.43 +0.07
Nikkei 225 14,363.99 -0.42
Hong Kong 22,975.89 +0.17
Top Gainers
Company CMP Change % Chg
BANKBARODA 521.00 39.45 8.19
PNB 497.00 33.25 7.17
DLF 151.30 8.35 5.84
JPASSOCIAT 43.05 2.15 5.26
GRASIM 2,564.40 114.50 4.67
Top Losers
Company CMP Change % Chg
POWERGRID 99.10 -3.15 -3.08
CAIRN 319.00 -9.30 -2.83
TATAMOTORS 341.20 -8.40 -2.40
ITC 329.05 -6.85 -2.04
HINDUNILVR 640.95 -12.55 -1.92
Stocks at 52 Week’s high
Symbol Prev. Close Change %Chg
AMARAJABAT 305.00 +13.20 +4.52
CMAHENDRA 188.80 +1.00 +0.53
DENSO 108.50 -0.50 -0.46
HCLTECH 1,061.85 -0.80 -0.08
HEROMOTOCO 2,088.05 15.00 +0.72
Top Losers
Company CMP Change % Chg
NIFTY 5,913.15 +16.40 +0.28
SENSEX 19,997.45 +0.35 0.00
Stocks at 52 Week’s Low
Symbol Prev. Close Change %Chg
INSECTCID 299.95 +0.15 +0.05
JMCPROJECT 59.00 -1.75 -2.88
DAILY REPORT
12th SEPT. 2013
YOUR MINTVISORY Call us at +91-731-6642300
STOCK RECOMMENDATIONS [FUTURE] 1. HAVELLS FUTURE
HAVELLS is looking strong on charts, long build up has been seen, we may see more upside, if it continues to sustain above 650. We advise buying around 645-650 levels with strict stop loss of 625 for the targets of 660-680 levels. 2. BANK OF INDIA
BANK OF INDIA F is looking strong on charts, long build up has been seen, we may see more upside, if it continues to sustain above 170. We advise buying above 170 with strict stop loss of 164 for the targets of 173-175 levels.
STOCK RECOMMENDATION [CASH] 1. FINANCIAL TECH
FINANCIAL TECH is looking strong on charts . We advise buying above 192 with strict stop loss of 183 for the targets of 198-205-215 levels. MACRO NEWS
Steel ministry for units in rural areas to boost consump-tion The per capita steel consumption in rural areas. Despite the stellar recovery seen in equities, Steve Brice of Standard Chartered Bank says FIIs continue to ap-proach the Indian market with caution. Today India's cabinet will consider a finance ministry proposal to allow the country to borrow an addi-tional.$4.3 billion from the World Bank by investing in special bonds, in effect leveraging its forex reserves.
EQUITY CASH & FUTURE
CORPORATE ACTION TODAY
SCRIP ACTION Rs. Per Share
SUNTV DIVIDEND 2
VADILALIND DIVIDEND 1.5
OIL DIVIDEND 7
FIEMIND DIVIDEND 4
BALPHARMA DIVIDEND 0.75
JINDALPOLY DIVIDEND 1
DREDGECORP DIVIDEND 2
MUTHOOTFIN DIVIDEND 4.5
HARRMALAYA DIVIDEND 0.75
GHCL DIVIDEND 2
DAILY REPORT
12th 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 5,700 64.40 3,12,060 38,43,300
NIFTY PE 5,800 88.90 2,98,587 38,15,500
NIFTY PE 5,600 46.95 2,43,998 53,28,250
BANK NIFTY PE 9,500 121.60 12,716 1,71,900
SBIN PE 1,600 36.95 4,899 2,13,875
AXISBANK PE 950 30.00 1,832 2,77,750
RELIANCE PE 860 14.95 1,996 2,81,250
JPASSOCIAT PE 40 1.90 1,641 30,92,000
MOST ACTIVE CALL OPTION
Symbol Option
Type
Strike
Price
LTP Traded
Volume
(Contracts)
Open
Interest
NIFTY CE 6,000 103.15 3,43,272 43,20,900
NIFTY CE 6,100 61.85 3,35,083 31,43,450
NIFTY CE 6,200 34.30 2,22,859 26,65,250
BANKNIFTY CE 11,000 1665.00 17,563 1,57,075
SBIN CE 1,700 74.50 9,817 3,09,000
MCDOWELL-N CE 2,600 69.50 3,145 1,60,750
RELIANCE CE 900 23.25 3,244 5,37,000
JPASSOCIAT CE 45 2.75 6,152 54,44,000
AXISBANK CE 1,050 43.00 2,945 2,02,250
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 93119 2725.21 102581 2998.05 458573 13308.12 -272.84
INDEX OPTIONS 648829 18421.15 656754 18680.61 2279719 67189.24 -259.45
STOCK FUTURES 83787 2175.63 96671 2490.20 1036569 28874.39 -314.57
STOCK OPTIONS 32426 802.24 32404 795.08 59528 1689.59 7.16
TOTAL -839.70
INDICES S2 S1 PIVOT R1 R2
NIFTY 5798.41 5855.78 5890.06 5947.43 5981.71
NIFTYJUNIOR 10954.9 11079.25 11159.8 11284.15 11364.7
STOCKS IN NEWS Escorts enters Cambodian market, launches 'Farmtrac' tractor range. Reliance Jio, Airtel and Vodafone to bid aggres-sively for spectrum. Banks borrow Rs 65,168 crore from RBI under MSF on Sep 10. UltraTech to buy JP’s Gujarat Cement plants for Rs 3,800 crore. United Spirits Limited to act as sales agent for Dia-geo’s global brands.
NIFTY FUTURE
Nifty Future as expected closed in the green in the last trading session. We advise buying on dips around 5880-5900 with strict stop loss of 5850 for the targets of 5950-5980 levels.
DAILY REPORT
12th SEPT. 2013
YOUR MINTVISORY Call us at +91-731-6642300
RECOMMENDATIONS
SILVER
TRADING STRATEGY: BUY SILVER ABOVE 52800 TGTS 53000/53200 SL 52500 SELL SILVER BELOW 52000 TGTS 51800/51600 SL 52300 GOLD
TRADING STRATEGY: BUY GOLD ABOVE 30750TGTS 30850/3950 SL 30650 SELL GOLD BELOW 30500 TGTS 30400/30300 SL 30600
COMMODITY ROUNDUP
Gold futures touched near three-week low on Wednes-
day's trading session, as the threat of U.S. military inter-
vention in Syria appeared to diminish, denting the safe-
haven appeal of the precious metal.
MCX gold futures which hit a all time high of Rs 35074 per
10 grams in last week of August broke below Rs 31000
tumbling more than Rs 4000 or 12% from those levels. At
the same time the Indian Rupee has gained by 6% to 64.21
per US dollar since hitting its lifetime low of $68.85. On the
international front, the metal fell back below the $1400
mark and is trading near $1360 an ounce levels recently.
MCX Copper stayed supportive today, rising on the back of
gains in global prices and some fresh buying support in
local markets after a correction in the last session.
Crude oil futures slipped in the early electronic trades to-
day as the US dollar shot up. Crude oil for October delivery
fell 46 cents, or 0.4%, to $106.92 a barrel in electronic
trade on the New York Mercantile Exchange. Yesterday, it
fell $2.13, or 1.9%, to settle at $107.39 a barrel.
Crude oil prices edged up in choppy trading on Wednesday
as investors worried about whether diplomatic efforts to
eliminate Syria's chemical weapons would avert military
action that could disrupt oil supplies from the Middle East.
India lead futures continued its downward movement on
Wednesday and was seen trading down amid appreciation
of Indian Rupee (INR) against US Dollar (USD) while nickel
was seen trading volatile. MCX lead for September delivery
was seen trading flat at Rs.135.40 per kilogram as of 17.42
IST on Wednesday. MCX nickel for September delivery was
seen trading up by 0.28% at Rs.873.50 per kilogram as of
17.46 IST.
COMMODITY MCX
DAILY REPORT
12th SEPT. 2013
YOUR MINTVISORY Call us at +91-731-6642300
RECOMMENDATIONS CASTORSEED
BUY CASTORSEED SEP ABOVE 3755 TG 3780,3820 SL 3710. SELL CASTORSEED SEP BELOW 3720 TG 3695,3650 SL 3765.
DHANIYA
BUY DHANIYA OCT ABOVE 5715 TG 5690,5650 SL 5750. SELL DHANIYA OCT BELOW 5672 TG 5650,5610 SL 5710.
NCDEX ROUNDUP
India sugar futures continued their negative trend amid
weak demand at both spot and futures market. Sugar for
October delivery on NCDEX is negative.
India's Gross Domestic Product (GDP) may grow 5.2% in
2013-14, if agriculture sector witnesses a growth of 6% on
bountiful and well-distributed monsoon. Farm GDP growth
could more than double from last year’s 1.9% to 4.5%. This
will help check food prices and support rural consumption.
The launch of April 2014 expiry contract in Turmeric which
is scheduled on September 10,2013, has been postponed
till further notice.
Fresh selling is likely to persist in jeera futures from higher
levels on the back of mounting supplies by stockiest along
with weak demand by exporters. The NCDEX JEERA futures
declined by Rs 177 per quintal in the last trading.
China imported 3 million tons of corn in 2012/13 and the
USDA is estimating that they will import 7 million tons of
corn in 2013/14.
NCDEX
NCDEX INDICES
Index Value % Change
Castor Seed 3624 -0.55
Chana 3004 +0.30
Chilli 4686 -3.98
Coriander 5495 +0.31
Cotton Seed Oilcake 1685 -1.00
Jeera 13220 -0.13
Mustard seed 3462 +1.05
Ref Soya Oil 682.55 +0.70
Sugar M Grade 3001 +0.50
Turmeric 4714 -3.99
DAILY REPORT
12th SEPT. 2013
YOUR MINTVISORY Call us at +91-731-6642300
EUR/INR
EUR/INR has closed @84.2025. If it breaks below the level
of 83.90, it can touch the level of 83.37 & 82.71. If it sus-
tains above the level of 85.90, it can touch the level of
86.37 & 87.00. JPY/INR
JPY/INR has closed @63.3400. If it breaks below the level
of 63.00, it can touch the level of 62.69 & 62.09. If it sus-
tains above the level of 64.50, it can touch the level of
64.90 & 66.42.
CURRENCY ROUNDUP
Rupee ends at 63.38/39 to dollar vs 63.84/85 in the last
session. The rupee rose to a three-week high on Wednes-
day, extending gains for a fifth session, with corporate sell-
ing the dollar as the Indian currency continued its recov-
ery.
The rupee's sharp recovery has been aided by the easing of
geopolitical concerns, with an attack on Syria appearing
less imminent, and the announcement of a series of steps
to attract inflows by the new central bank Governor. For-
eign institutional investors (FIIs) bought $421.15 million
worth of shares on Tuesday, bringing their total to nearly
$800 million over the previous four sessions. The panic
dollar buying has reduced.
The dollar remained under pressure on growing expecta-
tions that the U.S. Federal Reserve's impending stimulus
reduction might be smaller than some had believed..The
dollar struggled at two-week lows against a basket of ma-
jor currencies early in Asia.
The dollar index slipped about 0.1 percent to 81.474, hav-
ing fallen as far as 81.445 on Wednesday, breaking below
its 200-day moving average and losing more than 1 per-
cent from a seven-week high hit on September 5.
The dollar bought 99.80 yen, down about 0.1 percent. It
moved away from Wednesday's high of 100.60 yen, which
was the highest since July 22, according to Reuters data.
The euro was slightly higher at $1.3315 after rising as high
as $1.3324 on Wednesday, its highest since August 29.
CURRENCY
RBI Reference Rate
Currency Rate Currency Rate
Rupee- $ 63.9035 Yen-100 63.6800
Euro 84.6510 GBP 100.4691
DAILY REPORT
12th 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
11/09/13 MCX GOLD OCT. BUY 30920 30995-31120 30820 BOOKED FULL PROFIT
11/09/13 MCX SILVER DEC. BUY 52600 52800-53100 52300 BOOKED PROFIT
11/09/13 MCX GOLD OCT. SELL 30450 30300-30150 30600 NOT EXECUTED
11/09/13 MCX SILVER DEC. SELL 51600 51500-51000 51900 NOT EXECUTED
11/09/13 NCDEX CASTOR SEED SEP BUY 3710 3735-3770 3670 BOOKED PROFIT
11/09/13 NCDEX CASTOR SEED SEP SELL 3635 3610-3580 3675 NOT EXECUTED
11/09/13 NCDEX DHANIYA SEP BUY 5770 5800-5830 5730 NOT EXECUTED
11/09/13 NCDEX DHANIYA SEP SELL 5665 5640-5600 5700 BOOKED PROFIT
11/09/13 USD/INR SEP SELL 64.00 63.80-63.17 BOOKED PROFIT
11/09/13 GBP/INR SEP SELL 1100.50 99.72-98.97 BOOKED PROFIT
11/09/13 USD/INR SEP BUY 65.20 65.75-66.35 NOT EXECUTED
11/09/13 GBP/INR SEP BUY 101.85 102.77-103.48 NOT EXECUTED
Date Scrip
CASH/
FUTURE/
OPTION
Strategy Entry Level Target Stop Loss Remark
11/09/13 NIFTY FUTURE BUY 5850-5875 5940-5980 5820 BOOKED PROFIT
11/09/13 TATAMOTORS FUTURE BUY 340-345 355.365 330 CALL OPEN
11/09/13 BHARTIAIRTEL FUTURE BUY 340 350-358 332 CALL OPEN
11/09/13 WOCKHARDT CASH BUY 616 625-640 602 BOOKED FULL PROFIT
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TIME (ET) REPORT PERIOD ACTUAL CONSENSUS FORECAST PREVIOUS
THURSDAY, SEPT. 12
8:30 am Weekly jobless claims 8/31 -- N/A
8:30 am Import price index Aug. 0.6% 0.2%
FRIDAY, SEPT. 13
8:30 am Retail sales Aug. 0.3% 0.2%
8:30 AM RETAIL SALES EX-AUTOS Aug. 0.3% 0.5%
8:30 am Producer price index Aug. 0.2% 0.0%
8:30 AM CORE PPI Aug. 0.2% 0.1%
9:55 am UMich consumer sentiment index Sept. -- 82.1
10 AM BUSINESS INVENTORIES July 0.3% 0.0%