Special report by epic reseach 30 september 2013
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Transcript of Special report by epic reseach 30 september 2013
DAILY REPORT
30th SEPT. 2013
YOUR MINTVISORY Call us at +91-731-6642300
Global markets at a glance
Most Asian stock markets posted modest gains up on Fri-
day after U.S. jobless claims data pointed to an improving
labour market, but the lack of progress in budget and debt
negotiations in Washington kept investors on edge. Ja-
pan's Nikkei bucked the trend, falling 0.4 % as the market
turned its focus to the government's growth strategy and
tax plans next week.
European shares also were expected to gain slightly, with
Germany's DAX, Britain's FTSE and France's Cac 40 all seen
up about 0.1 %.
Wall Street Update
Wall Street falls as US government faces possible shut-
down. U.S. stock futures were marginally weaker, as De-
mocrat & Republican lawmakers struggled to agree on an
emergency funding bill to avert an US govt shutdown day
away. The Senate passed the emergency funding bill on
Friday, which will keep US agencies operating after Sep-
tember 30. The Dow Jones industrial average was down
70.06 points, or 0.46 percent, at 15,258.24. The Standard
& Poor's 500 Index was down 6.92 points, or 0.41 percent,
at 1,691.75. The Nasdaq Composite Index was down 5.83
points, or 0.15 percent, at 3,781.59.
Previous day Roundup
Traders continued to sell in the last trading hour of the
day. The market ended the day on a very weak note. the
Sensex down 166.58 points or 0.84 % down at 19727.27.
The Nifty closed at 5833.20, down 49.05 points or 0.83 %.
About 1140 shares have advanced, 1200 shares declined,
and 141 shares are unchanged.
Index stats
Bank Nifty & Bankex both declined % & % respectively, the
sectors which were in positive move with Nifty in yester-
day’s session were; Consumer Durables [up pts], Capital
Goods [up pts], AUTO [up pts], Healthcare [up pts], FMCG
[up pts]. Power [up pts] traded upward. The sectors de-
clined were: IT [down pts], Oil & Gas [down pts], TECK
[down pts], PSU [down pts], Metals [down pts], except RE-
ALTY [down pts].
World Indices
Index Value % Change
D J l 15,258.24 -0.46
S&P 500 1,691.75 -0.41
NASDAQ 3,781.59 -0.15
EURO STO 2,919.34 -0.12
FTSE 100 6,512.66 -0.81
Nikkei 225 14,760.07 -0.26
Hong Kong 23,207.04 +0.35
Top Gainers
Company CMP Change % Chg
BPCL 327.85 18.65 +6.03
HCLTECH 1,077.5 25.25 +2.40
SUNPHARMA 590.70 9.40 +1.62
COALINDIA 307.50 3.65 +1.20
HEROMOTOCO 2,041.05 21.25 +1.05
Top Losers
Company CMP Change % Chg
BHEL 142.30 8.45 -5.61
JPASSOCIAT 36.30 2.15 -5.59
TATASTEEL 286.35 13.55 -4.52
DLF 131.55 4.05 -2.99
KOTAKBANK 682.80 20.60 -2.93
Stocks at 52 Week’s high
Symbol Prev. Close Change %Chg
AUROPHARMA 201.65 7.20 +3.70
BRITANIA 778.00 19.55 +2.58
CMAHENDRA 222.95 2.45 +1.11
GALLISPAT 224.60 8.20 +3.79
JUSTDIAL 848.00 31.20 +3.82
Indian Indices
Company CMP Change % Chg
NIFTY 5,833.20 -49.05 -0.83
SENSEX 19,727.27 -166.58 -0.84
Stocks at 52 Week’s Low
Symbol Prev. Close Change %Chg
GODREJPROP 346.35 2.90 -0.83
VARDMNPOLY 33.60 2.25 -6.28
DAILY REPORT
30th SEPT. 2013
YOUR MINTVISORY Call us at +91-731-6642300
STOCK RECOMMENDATIONS [FUTURE] 1. MC DOWELL
MC DOWELL FUTURE is looking strong on charts, long build
up has been seen, we may see more upside, if it continues
to sustain above 2640. We advise buy around 2600-2640
levels with strict stop loss of 2540 for the targets of 2680-
2750.
2. TATA STEEL
TATA STEEL FUTURE is looking weak on charts, short build
up has been seen, we may see more downside, if it contin-
ues to sustain below 285. We advise selling below 285 lev-
els with strict stop loss of 292 for the targets of 280-270
levels.
STOCK RECOMMENDATION [CASH] 1. ALLCARGO LOGISTICS LTD
ALLCARGO LOGISTICS LTD is looking strong on charts. We advice buying above 102 with strict stop loss of 97 for the targets of 105-108-112 levels. MACRO NEWS
Barclays has lowered India's FY14 GDP forecast for the current fiscal to 4.7%.
5 % Value Added Tax (VAT) can be levied for properties constructed between June 2006 and March 2010.
The reduction in rates is likely to be announced by the month end as per the practice of fortnightly revision in prices.
Also Friday, official data showed that Japan's core con-sumer price inflation, excluding fresh food, rose to an annualized rate of 0.8% in August, from 0.7% the previ-ous month. Analysts had expected core CPI to remain unchanged last month.
India on Friday started transmission of electricity to Bangladesh to test a newly built line under an agree-ment to export 250 Megawatt of power.
June quarter CAD is expected to rise to $23-25 bn, or 4.8-5.4% GDP, from $18.1 bn, or 3.6%, in the March quarter. The data will be released on Monday.
EQUITY CASH & FUTURE
CORPORATE ACTION TODAY
SCRIP ACTION Rs. Per Share
BSLIMITED BONUS 1:1
DAILY REPORT
30th 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 5,800 127.70 1,46,607 33,78,300
NIFTY PE 5,700 95.00 1,31,616 38,10,300
NIFTY PE 5,900 170.00 1,21,076 21,54,350
BANK NIFTY PE 10,000 460.15 9,113 1,30,450
SBIN PE 1,600 66.55 2,882 1,78,125
INFY PE 2,600 60.50 1,302 1,47,375
RELIANCE PE 840 27.80 2,349 3,21,500
MCDOWELL-N PE 2,500 68.00 1,338 77,875
MOST ACTIVE CALL OPTION
Symbol Option
Type
Strike
Price
LTP Traded
Volume
(Contracts)
Open
Interest
NIFTY CE 6,200 44.80 1,89,983 16,17,900
NIFTY CE 6,100 73.00 1,81,762 30,87,650
NIFTY CE 6,300 25.50 1,45,025 18,34,450
BANKNIFTY CE 10,500 240.00 8,578 84,175
SBIN CE 1,700 58.40 3,906 1,55,000
RELIANCE CE 900 13.35 3,271 5,78,750
MCDOWELL-N CE 2,700 97.00 2,775 90,125
JPASSOCIAT CE 40 1.90 1,469 32,60,000
SBIN CE 1,800 30.95 2,105 1,76,250
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 39941 1162.14 48809 1405.16 448554 12955.44 -243.01
INDEX OPTIONS 378166 10870.77 357017 10293.43 1436542 41864.92 577.34
STOCK FUTURES 50678 1400.84 53100 1447.82 881207 24277.89 -46.98
STOCK OPTIONS 18354 474.00 20522 534.61 24003 622.08 -60.61
TOTAL 226.74
INDICES S2 S1 PIVOT R1 R2
NIFTY 5,925.2 5,879.2 5,871.7 5,825.7 5,818.1
BANK NIFTY 10,185.00 10,042.40 10,046.80 9,904.20 9,908.60
STOCKS IN NEWS Bajaj Auto may raise motorcycle prices soon. Tata Tele, Sistema & Aircel may merge to form 3rd-largest telecom co by subscribers. IndusInd Bank may raise $300 million from over-seas investors. RPower moves CERC, seeks tariff hike . CAG wants DoT to slap fine of Rs 725 cr on Bharti Airtel.
NIFTY FUTURE
Nifty Future closed in the red in the last trading ses-sion. We advise selling on rise around 5900-5925 with strict stop loss of 5980 for the targets of 5850-5820.
DAILY REPORT
30th SEPT. 2013
YOUR MINTVISORY Call us at +91-731-6642300
RECOMMENDATIONS
SILVER
TRADING STRATEGY:
Silver buy above 50300 TGTS 50600/50900 SL 48900 Silver sell below 49600 TGTS 49300/49000 SL 49950
GOLD
TRADING STRATEGY: Gold buy above 30980 TGTS 31080/31180 SL 30750 Gold sell below 30400 TGTS 30300/30200 SL 30520
COMMODITY ROUNDUP
BofA cut its 2013 gold price forecast to $1,419 per ounce
from $1,478/oz and 2014 view to $1294/oz from $1563/
oz. BofA said silver could outperform gold based on an
increase in China's imports.
US gold futures swung between gains and losses on Friday.
However it remained almost steady amid weak US Dollar,
poor physical demand from Asia and concerns that US
Central Bank may start tapering its monetary stimulus
later this year on improving economic conditions in the
United States and around the globe. Gold futures for De-
cember delivery on Globex platform of Comex was seen
trading with a gain of $1.4 at $1325.5 per troy ounce as of
14.27 IST on Friday.
Spot Gold prices gained around 0.2 % today on the back of
weakness in the DX. Sharp upside was however prevented
due to mixed global market sentiments coupled with de-
clining trend in SPDR holdings. In the Indian markets, gold
prices rose around 0.2 % today due to Rupee depreciation.
Base metals pack on the LME traded on a positive note
today due to weakness in the DX. Decline in inventories of
base metals also supported upside in prices. The June
quarter CAD is expected to rise to $23-25 billion, or 4.8-
5.4 per cent of gross domestic production (GDP), from
$18.1 billion, or 3.6 per cent, in the March quarter. The
data will be released on Monday.
Nymex crude oil prices slumped around 0.6 % today. India
copper futures recorded an up-tick in the afternoon. Oil
prices were soft as fears of an escalation in military conflict
in the Middle East eased as the United States and Russia
agreed on a draft resolution that would demand Syria give
up its chemical arms U.S. crude futures dropped 0.5% to
$102.53 per barrel.
COMMODITY MCX
DAILY REPORT
30th SEPT. 2013
YOUR MINTVISORY Call us at +91-731-6642300
RECOMMENDATIONS CASTORSEED
SELL CASTORSEED BELOW 3460 TG 3430, 3380 SL 3496 BUY CASTORSEED ABOVE 3530 TG 3560, 3610 SL 3494 DHANIYA
SELL DHANIYA BELOW 5825 TG 5785, 5700 SL 5866
BUY DHANIYA ABOVE 5930 TG 5970, 6030 SL 5889
NCDEX ROUNDUP
The recent price rise of the commodity despite a stable
demand-and-supply situation once again highlights the fact
that this market is vulnerable to manipulation.
In India, the total area under guar cultivation this season is
expected to increase by 21% over the last. Pepper price
recovered on marginal rise in demand in major spot mar-
ket.
For Cumin Sufficient supply of stocks along with better
sowing expectations in the coming season are seen keep-
ing jeera price under pressure. In near term the price may
trade higher as the export demand is expected to exceed
because of favorable domestic and global factors. Rising
demand from China, unrest in Syria is encouraging the de-
mand for Indian cumin. India’s jeera exports are set to hit a
record 1 lakh tonnes in 2013-14. Jeera production this year
in Syria has been negligible, and Turkey is expected to pro-
duce around 7000-8000 tonnes against 8000-10000 tonnes
last year. Jeera production in China is projected to decline
to 5000 tonnes from 10000 tonnes last year despite rise in
consumption.
NCDEX
NCDEX INDICES
Index Value % Change
Castor Seed 3492 +1.25
Chana 2904 -3.46
Chilli 5374 -0.85
Coriander 5841 +3.99
Cotton Seed Oilcake 1465 +0.55
Jeera 13002.5 +0.17
Mustard seed 3549 -0.20
Ref Soya Oil 670.1 +0.82
Sugar M Grade 2880 -0.38
Turmeric 4580 -0.65
DAILY REPORT
30th SEPT. 2013
YOUR MINTVISORY Call us at +91-731-6642300
JPY/INR
JPY/INR has closed @64.1325. If it sustains above the level of 64.30, it can touch the level of 64.45 & 64.72. If it breaks 62.90, it can touch the level of 62.70 & 62.45.
USD/INR
USD/INR has closed @63.1575. If it sustains above the level of 63.25, it can touch the level of 63.40 & 63.57. If it breaks 62.20, it can touch the level of 61.95 & 61.70.
CURRENCY ROUNDUP
Rupee ends at 62.51/52 per dr vs Thursday close of
62.07/08, It moved in range of 61.765 to 62.56 during the
session. June-quarter CAD likely wider, data due on Mon-
day Sentiment on INR turns neutral. In the currency fu-
tures market, the most-traded near-month USD/INR con-
tracts on the NSE, the MCX-SX & the USE all closed at
around 63.14 with a total traded volume of $2.4 bn.
Another range bound session was seen in currency market
with Dollar index traded within tight range of 20 points.
Though it largely stayed lower against majors but gains
were seen against commodity currencies. Treasury yields
are declining since start of the week but similar moves in
dollar and equities are not observed so far which suggest
that tapering by Fed is unlikely at least in 2013.
The pound was higher against the U.S. dollar on Friday,
after data showed that U.K. house prices rose more than
expected in September. INR depreciated by around 0.6 %
on buying by foreign banks on behalf of custodial clients &
month end dollar demand from importers. The Rupee
touched an intra-day low of 62.45 till 4:30 pm IST.
Emerging Asian currencies remained weak as U.S. House of
Representatives Republicans on Thursday refused to give
in to President Barack Obama's demand for straightfor-
ward bills to run the govt beyond Sept. 30.
The euro came under pressure amid renewed concerns
Italy's fractious coalition government could fall apart. The
euro traded at $1.3480, off a seven-month high of $1.3569
hit last week. The British pound gained 0.4 percent to
$1.6092 . The yen regained some of its lost ground after
Japanese Finance Minister Taro Aso said that he is not
thinking of lowering the effective corporate tax rate right
now
CURRENCY
RBI Reference Rate
Currency Rate Currency Rate
Rupee- $ 61.8110 Yen-100 62.6600
Euro 83.4200 GBP 99.4972
DAILY REPORT
30th 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
27/09/13 MCX GOLD OCT. BUY 29930 30030-30130 29810 BOOKED FULL PROFIT
27/09/13 MCX GOLD DEC. SELL 29750 29650-29550 29860 SL TRIGGERED
27/09/13 MCX SILVER OCT. BUY 48850 49150-49450 48450 BOOKED FULL PROFIT
27/09/13 MCX SILVER DEC. SELL 48320 48020-47720 48700 SL TRIGGERED
27/09/13 NCDEX CASTOR SEED OCT. SELL 3430 3400-3360 3470 SL TRIGGERED
27/09/13 NCDEX CASTOR SEED OCT. BUY 3490 3525-3550 3470 BOOKED PROFIT
27/09/13 NCDEX DHANIYA OCT. BUY 5650 5675-5710 5610 BOOKED FULL PROFIT
27/09/13 NCDEX DHANIYA OCT. SELL 5590 5550-5510 5630 NOT EXECUTED
27/09/13 USD/INR OCT. SELL 62.45 62.25-61.90 BOOKED PROFIT
27/09/13 GBP/INR OCT. SELL 100.25 100.00-99.51 SL TRIGGERED
27/09/13 USD/INR OCT. BUY 63.05 63.35-63.58 BOOKED PROFIT
27/09/13 GBP/INR OCT. BUY 101.05 101.36-101.62 BOOKED FULL PROFIT
Date Scrip
CASH/
FUTURE/
OPTION
Strategy Entry Level Target Stop Loss Remark
27/09/13 NIFTY FUTURE SELL 5900-5925 5850-5820 5980 BOOKED PROFIT
27/09/13 JSPL FUTURE SELL 240 235-230 245 BOOKED PROFIT
27/09/13 BHEL FUTURE BUY 145-146 148-150 140 SL TRIGGERED
27/09/13 ABFSHIPYARD CASH BUY 300 305-315-335 285 BOOKED FULL PROFIT
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TIME (ET) REPORT PERIOD ACTUAL CONSENSUS FORECAST PREVIOUS
MONDAY, SEPT. 30
9:45 am Chicago PMI Sept. 54.0 55.7
TUESDAY, OCT. 1 10 am ISM Sept. 55.0% 55.7%
10 am Construction spending Aug. 0.6% 0.6%
TBA Motor vehicle sales Sept. 16.0 mln 16.1 mln
WEDNESDAY, OCT. 2 8:15 am ADP employment Sept. 175,000 176,000
THURSDAY, OCT. 3
8:30 am Weekly jobless claims 9/28 N/A 305,000
10 am ISM nonmanufacturing Sept. 56.9% 58.6%
10 am Factory orders Aug. 0.3% -2.4%
FRIDAY, OCT. 4 8:30 am Nonfarm payrolls Sept. 180,000 169,000
8:30 am Unemployment rate Sept. 7.3% 7.3%