Special report 18 sep-2013 by epic research

DAILY REPORT

18th SEPT. 2013

YOUR MINTVISORY Call us at +91-731-6642300

Global markets at a glance

Asian market declined on Tuesday, as investors consoli-

dated positions ahead of the US Federal Reserve's two-day

policy meeting starting later in global day. The benchmark

Nikkei 225 index closed 93 points lower at 14311.70.

Shanghai Composite index lowerd by 2.05% to finish at

2185.56. In Hong Kong, HK shares eased as investors

booked gains after a strong advance in the previous ses-

sion.

For today the MSCI Asia Pacific Index added 0.4% by 9:51

a.m. in Tokyo, rising for the second time in four days,

as Japan’s Topix Index jumped 0.8 %. Standard & Poor’s

500 Index futures rose 0.1 % after the gauge climbed 0.4 %

Wall Street Update

J.P. Morgan Chase & Co. is expected to take a big step to-

ward resolving the "London whale" trading fiasco, agreeing

to pay at least $800 million in penalties and admit wrong-

doing as part of a broad regulatory settlement Regulators

in the U.S. and U.K. are expected to fault J.P. Morgan for

deficient internal controls and disclosing incorrect infor-

mation related to the 2012 trades. The trades resulted in

more than $6 billion in losses at the largest U.S. bank.

Previous day Roundup

After a lackluster trading session, the market managed to

end in the green. The Sensex ended 61.56 points or 0.31 %

higher at 19804.03, and the Nifty closed at 5851.40 up

10.85 points or 0.19 %. About 1103 shares have advanced,

1227 shares declined, and 140 shares are unchanged.

Index stats

Bank Nifty & Bankex both declined 0.86% & 0.80% respec-

tively, while the sectors like; TECK [up 74.23pts], FMCG [up

45.61pts], AUTO [up 80.63pts], IT [up 164.72 pts], Metals

[up 70.40pts] performed positively and Oil & Gas [down

43.36pts], PSU [down 35.82pts], Capital Goods [down

52.66pts], Healthcare [down 26.34pts], Power [down

12.48pts], Consumer Durables [down 42.71pts], REALTY

[down 11.24 pts], traded downward.

World Indices

Index Value % Change

D J l 15,529.73 +0.23

S&P 500 1,704.76 +0.42

NASDAQ 3,745.70 +0.75

EURO STO 2,890.95 -0.13

FTSE 100 6,570.17 -0.80

Nikkei 225 14,580.85 +1.88

Hong Kong 23,117.55 -0.27

Top Gainers

Company CMP Change % Chg

HCLTECH 1,038.20 41.80 +4.20

DRREDDY 2,299.00 74.95 +3.37

RANBAXY 328.95 10.45 +3.28

ULTRACEMCO 1,697.10 48.35 +2.93

JINDALSTEL 248.00 5.85 +2.42

Top Losers


SUNPHARMA 542.70 20.90 -3.71

BANKBARODA 517.15 19.65 -3.66

AXISBANK 1,052.70 34.85 -3.20

INDUSINDBK 402.00 12.45 -3.00

ONGC 279.70 7.50 -2.61

Stocks at 52 Week’s high

Symbol Prev. Close Change %Chg

CMAHENDRA 201.50 3.05 +1.54

DENSO 126.30 11.45 +9.97

GALLISPAT 179.95 11.20 +6.64

HELIOSMATH 78.55 0.60 +0.77

PGIL 153.00 1.05 +0.69

Top Losers


NIFTY 5,850.20 +9.65 +0.17

SENSEX 19,804.03 +61.56 +0.31

Stocks at 52 Week’s Low

Symbol Prev. Close Change %Chg

FIRSTLEASE 21.40 -5.30 -19.58

VIVIDHA 59.50 -7.15 -10.73

http://www.epicresearch.co/

DAILY REPORT

18th SEPT. 2013


STOCK RECOMMENDATIONS [FUTURE] 1. RAYMOND

RAYMOND FUTURE is looking strong on charts, long build

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

to sustain above 230 . We advise buying around 230-232

levels with strict stop loss of 225 for the targets of 237-239

levels.

2. YES BANK

YES BANK FUTURE is looking strong on charts, long build up

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

sustain above 300 . We advise buying around 300 levels

with strict stop loss of 292 for the targets of 305-309 levels.

STOCK RECOMMENDATION [CASH] 1. HEIDELBERG CEMENT

HEIDELBERG CEMENT is looking strong on charts . We ad-

vise buying above 38.50 with strict stop loss of 34 for the

targets of 40-42 levels.

MACRO NEWS India will keep to its gross borrowing goal of Rs 6.29

trillion for the current fiscal year.

Foreign Direct Investment (FDI) into India grew by 12%

YoY to $1.65 billion in July, highest since April.

EQUITY CASH & FUTURE

CORPORATE ACTION TODAY

SCRIP ACTION Rs. Per Share

HITECHGEAR DIVIDEND 1.5

VALECHAENG DIVIDEND 1

KSCL DIVIDEND 8

NIPPOBATRY DIVIDEND 10

JAGRAN DIVIDEND 2

GPIL DIVIDEND 2.5

ORIENTBELL DIVIDEND 1.5

TECHNOFAB DIVIDEND 2.5

MCX DIVIDEND 12

TCPLTD DIVIDEND 1

TVSSRICHAK DIVIDEND 7.5

PGIL DIVIDEND 1

UNIENTER Rights 173:100 @ Premium Rs.15/-


DAILY REPORT

18th SEPT. 2013


FUTURE & OPTION

MOST ACTIVE PUT OPTION

Symbol Option

Type

Strike

Price

LTP Traded

Volume

(Contracts)

Open

Interest

NIFTY PE 5,800 77.00 2,70,752 44,87,700

NIFTY PE 5,700 49.50 2,33,066 46,20,600

NIFTY PE 5,600 31.35 1,60,641 57,35,950

BANK NIFTY PE 9,500 66.50 15,066 2,84,250

SBIN PE 1,600 34.75 3,312 2,46,375

MCDOWELL-N PE 2,400 29.70 2,508 1,70,625

AXISBANK PE 1,000 23.50 1,996 3,76,500

RELIANCE PE 860 19.60 1,420 2,25,500

MOST ACTIVE CALL OPTION

Symbol Option

Type

Strike

Price

LTP Traded

Volume

(Contracts)

Open

Interest

NIFTY CE 6,000 55.55 3,35,480 52,20,550

NIFTY CE 5,900 5,900 99.20 37,96,500

NIFTY CE 6,100 27.10 2,14,937 36,39,500

BANKNIFTY CE 11,000 77.50 16,995 2,73,825

SBIN CE 1,700 31.00 4,853 4,22,000

RELIANCE CE 900 8.55 1,967 7,67,750

MCDOWELL-N CE 2,600 35.95 2,837 2,03,750

JPASSOCIAT CE 45 0.60 2,381 86,08,000

SBIN CE 1,800 10.50 2,488 3,56,750

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 82429 2401.41 62297 1809.39 432730 12436.55 592.03

INDEX OPTIONS 456768 13138.28 481251 13790.38 2401255 69954.04 -652.10

STOCK FUTURES 60296 1679.77 69542 1873.26 1031038 28212.30 -193.49

STOCK OPTIONS 23158 615.98 23333 617.84 68610 1862.87 -1.86

TOTAL -255.43

INDICES S2 S1 PIVOT R1 R2

NIFTY 5784.73 5817.46 5837.63 5870.36 5890.53

NIFTYJUNIOR 10938.26 10988.73 11029.16 11079.63 11120.06

STOCKS IN NEWS The 2,980 MW Sipat coal-based thermal power plant will be dedicated to the nation by the Prime Minister on Sept. 19. GMR sells Rs 2.22 billion stake in highway unit. SBI expects Rs 4,000 cr capital infusion from govt this fiscal. ONGC Videsh plans to raise stake in Latin American blocks.

NIFTY FUTURE

Nifty Future as expected closed in the green but facing

strong resistance near 6000 levels and support near

5800 levels. We advise buying around 5830-5850 with

strict stop loss of 5800 for the targets of 5900-5920

levels.


DAILY REPORT

18th SEPT. 2013


RECOMMENDATIONS

SILVER

TRADING STRATEGY: SELL SILVER DEC BELOW 49300 TGTS 49100/48800 SL 49720. BUY SILVER DEC ABOVE 49200 TGTS 49500/49800 SL 49700. GOLD TRADING STRATEGY:

BUY GOLD OCT ABOVE 29450 TGTS 29550/ 29650 SL 29350 SELL GOLD OCT BELOW 29600 TGTS 29500/ 29400 SL

29720

COMMODITY ROUNDUP

The government of India is likely to hike import duty on

gold jewelry to 15 % from 10 % currently. Gold imports

have been pushing up current account deficit (CAD) and

putting pressure on the already battered rupee. Mean-

while, the recent trade data showed that gold imports

have dipped to USD 0.65 billion in August from USD 2.2

billion in the previous month.

MCX Gold futures edged up to highs above Rs 30000 yes-

terday, tracking a weak Indian Rupee. The global prices

eased though as investors considered the weekend talks

between the U.S. and Russia on a plan to get rid of Syria's

chemical weapons. The metal had rallied day before yes-

terday. The bounce came after Lawrence Summers with-

drew as a candidate to head the Federal Reserve.

Brent oil futures edged lower on Tuesday, extending the

previous day's steep losses, as easing worries over Syria

calmed fears that crude supply from the Middle East

would be at risk. Brent crude for delivery in November was

down 23 cents at $109.84 a barrel, after touching a near

one-month low of $108.73 in the previous session.

MCX crude oil futures for September delivery was seen

trading down by 0.75% at Rs. 6705 per barrel as of 13.42

IST on Tuesday.

MCX Copper futures edged higher today tracking the weak

undertone in Indian Rupee and rising from yesterday's

lows near Rs 450 per kg levels. The commodity eased in

global markets. COMEX Copper is down 0.20% at $3.2155

per pound while MCX Copper is quoting at Rs 458.20, up

Rs 0.95 per kg or 0.21% on the day.

The majority of commodity index returns have suffered

losses over the past week and since the end of last year.

However, index gains during the third quarter-to-date

have been most notable in the energy and precious metals

sectors.

COMMODITY MCX


DAILY REPORT

18th SEPT. 2013


RECOMMENDATIONS CASTORSEED

SELL CASTORSEED BELOW 3610 TG 3585,3550 SL 3650 BUY CASTORSEED ABOVE 3640 TG 3665,3700 SL 3600

DHANIYA

SELL DHANIYA BELOW 5740 TG 5715,5680 SL 5790 BUY DHANIYA ABOVE 5770 TG 5800,5840 SL 5730

NCDEX ROUNDUP

Sugar production in India is estimated to touch 25 million

tonne in the sugar season 2013-14 starting from October.

Good monsoon this year would help augment the sugar

production for the coming season. In 2012-13 sugar sea-

son, India produced 24.5 million tonne of sugar.

Natural rubber production has seen one of the sharpest

fall in recent years during April- August period of the cur-

rent financial year. For the five month period domestic

production has slowed down 15.5%.

Pepper gained sharply further on strong demand against

the lower availability. Lower stock levels in Vietnam, India

and projected lower Indonesian crop and crop worries in

India supported the up trend. The NMCE Pepper October

contract ended the day at Rs 44090, up Rs 67 or 0.15%.

The NMCE Pepper made life time high of Rs 46014 earlier

and pared gains in the later sessions on long liquidations.

The counter hits the high of Rs 44100 and provisionally

closed at Rs 44090, up Rs 67 or 0.15%.

Average price of the spice has plunged to a range of Rs 580

-Rs 610 per kg. Arrivals have also increased substantially as

the second round of harvesting is in full swing.

NCDEX

NCDEX INDICES

Index Value % Change

Castor Seed 3519 -0.68

Chana 3070 -0.45

Chilli 4930 -1.48

Coriander 5630 +1.22

Cotton Seed Oilcake 1795 -1.48

Jeera 13132.5 -0.55

Mustard seed 3504 +0.83

Ref Soya Oil 679.7 -0.12

Sugar M Grade 2935 -1.08

Turmeric 4848 -0.16


DAILY REPORT

18th SEPT. 2013


GBP/INR

GBP/INR has closed @101.0025. If it sustains above

101.80, it can touch the level of 102.24 & 102.99. If it

breaks 100.15, it can touch the level of 99.87 & 99.40.

JPY/INR

JPY/INR has closed @64.0500. If it sustains above 64.75, it

can touch the level of 65.09 & 65.42. If it breaks 63..20, it

can touch the level of 62.90 & 62.45.

CURRENCY ROUNDUP

The Indian rupee lost 0.86% to close at 63.37 against the

US dollar on heavy dollar buying by importers, ahead of

crucial Fed meeting later this week. The rupee remained

range-bound during the day. It opened weak on strong

dollar index. The Dollar index gained against major curren-

cies like yen and euro. The Indian currency opened at

63.33, touched an intra-day high of 62.95 and fell to a low

of 63.64. The dollar lost ground on Tuesday as investors

consolidated positions before this week's U.S. Federal pol-

icy meeting at which the central bank is set to start scaling

back stimulus. The dollar was down 0.2% versus a basket

of currencies on Tuesday, at 81.141, but remained in a

tight range.

USD/INR has given up most gains on the day as foreign

banks sell on behalf of custodial clients. Pair at 62.99/00 vs

Monday's close of 62.83/84 after rising to 63.6450 early in

yesterday session. Foreign banks are offering upfront fi-

nancing for wealthy NRIs of 90 per cent to set up dollar

deposits in India following various RBI incentives, including

cheap dollar/rupee swap rates.

A rupee depreciation of 13% between September and De-

cember 2011 was followed by FII inflows worth $8 billion

over the following three months. Similarly, a rupee depre-

ciation of 11% over March-June 2012 was followed by FII

inflows of $6 billion over the following three months. The

emerging markets saw inflows worth $2.6 billion last week,

their first positive weekly flows in five weeks.

Foreigners have resumed buying into Asia — in the week

ended September 11 the rupee has recovered almost 9%.

Between June and August, the rupee fell nearly 22% and

FIIs sold equities worth Rs 22,700 crore. However, the ru-

pee appreciated nearly 8% during the first half of Septem-

ber and FIIs pumped in nearly Rs 6,394 crore.

CURRENCY

RBI Reference Rate

Currency Rate Currency Rate

Rupee- $ 63.3770 Yen-100 63.9300

Euro 84.5980 GBP 100.8582


DAILY REPORT

18th SEPT. 2013


CALL REPORT

Disclaimer

US ECONOMIC REPORT

PERFORMANCE UPDATES

Date Commodity/ Currency Contract Strategy Entry Level Target Stop Loss Remark

17/09/13 MCX GOLD OCT. BUY 29850 29950-30050 29600 BOOKED FULL PROFIT

17/09/13 MCX SILVER DEC. BUY 50250 50550-50850 49800 BOOKED PROFIT

17/09/13 MCX GOLD OCT. SELL 29650 29500-29350 29850 NOT EXECUTED

17/09/13 MCX SILVER DEC. SELL 49700 49400-49100 50180 NOT EXECUTED

17/09/13 NCDEX CASTOR SEED SEP BUY 3675 3650-3610 3710 SL TRIGGERED

17/09/13 NCDEX CASTOR SEED SEP SELL 3640 3615-3580 3680 BOOKED PROFIT

17/09/13 NCDEX DHANIYA SEP BUY 5830 5855-5890 5790 BOOKED PROFIT

17/09/13 NCDEX DHANIYA SEP SELL 5670 5645-5600 5710 NOT EXECUTED

17/09/13 EUR/INR SEP SELL 83.55 83.12-82.71 NOT EXECUTED

17/09/13 USD/INR SEP SELL 62.60 62.32-61.96 NO PROFIT NO LOSS

17/09/13 EUR/INR SEP BUY 84.80 84.54-85.85 NOT EXECUTED

17/09/13 USD/INR SEP BUY 63.90 64.44-64.67 NOT EXECUTED

Date Scrip

CASH/

FUTURE/

OPTION

Strategy Entry Level Target Stop Loss Remark

17/09/13 NIFTY FUTURE SELL 5880-5900 5850-5820 5950 BOOKED PROFIT

17/09/13 INFISYS FUTURE SELL 3000 2960-2925 3045 NOT EXECUTED

17/09/13 HCLTECH FUTURE SELL 1000-1010 985-960 1025 SL TRIGGERED

17/09/13 RUBI MILLS CASH BUY 185 188-194 180 BOOKED FULL PROFIT

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 invest-

ment decision. The report does not provide individually tailor-made investment advice. Epic research recommends that investors independently evaluate particular invest-

ments 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 regulations of NSE and BSE. The share price projections shown are not necessarily indicative of future

price performance. The information 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 ex-

pressed as a recommendation for which either the site or its owners or anyone can be held responsible for . Any surfing and reading of the information 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 Provided 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

WEDNESDAY, SEPT. 18

8:30 AM HOUSING STARTS AUG. 913,000 896,000

8:30 AM BUIILDING PERMITS AUG. 945,000 954,000

8:30 AM CURRENT ACCOUNT Q2 -- -$106 BLN

2 PM FOMC STATEMENT & PROJECTIONS

2:30 AM BERNANKE PRESS CONFERENCE

THURSDAY, SEPT. 19

8:30 AM WEEKLY JOBLESS CLAIMS 9/14 N/A N/A

10 AM EXISTING HOME SALES AUG. 5.30 5.39 MLN

10 AM PHILLY FED SEPT. 11.8 9.3

10 AM LEADING INDICATORS AUG. 0.4% 0.6%

12 noon FINANCIAL ACCOUNTS Q2

FRIDAY, SEPT. 20

NONE SCHEDULED


Special report 18 sep-2013 by epic research

Economy & Finance

Transcript of Special report 18 sep-2013 by epic research