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DAILY REPORT 10th OCTOBER. 2013

Global markets at a glance Rising anxiety over the budget deadlock in Washington drove world shares down for a third day on Wednesday, Britain's top share index fell on Wednesday for a third day running as the lack of progress on efforts to resolve a US budget stalemate took its toll on investor sentiment. The FTSE 100 was down 28.39 points, or 0.5%, at 6,337.44 points by 0741 GMT, taking its decline this week to 1.8% . Hong Kong shares slipped on Wednesday. The Hang Seng Index ended down 0.6% at 23,034 points, while the China Enterprises Index of the top Chinese listings in Hong Kong slipped 0.3%. Both have been in a tight trading range for almost two weeks.

World Indices

Wall Street Update Wall Street rebounded in the afternoon after the Nasdaq fell as much as 1%. The Dow Jones industrial average .DJI ended up 26.45 points, or 0.18 percent, at 14,802.98. The Standard & Poor's 500 Index. SPX rose 0.95 point, or 0.06 percent, at 1,656.40. The Nasdaq Composite Index.

Index

Value

% Change

14,802.98

+0.18

S&P 500

1,656.40

+0.06

NASDAQ EURO STO FTSE 100

3,677.78 2,904.73 6,337.91

-0.46 +0.05 -0.44

Nikkei 225 Hong Kong

14,150.98 23,020.95

+0.81 -0.06

DJl

Top Gainers Company

CMP

Change

% Chg

DLF

147.10

8.30

+5.98

SUNPHARMA

649.35

35.20

+5.73

JPASSOCIAT

39.60

+1.65

+4.35

KOTAK BANK

722.80

+27.95

+4.02

97.15

+3.30

+3.52

CMP

Change

% Chg

476.00 850.95 322.65 339.65 1,339.80

7.45 12.20 2.20 2.05 6.80

-1.54 -1.41 -0.68 -0.60 -0.48

IDFC

Top Losers Previous day Roundup The market ended at a 2.5 week high as September. The BSE Sensex rose more than 1% on Wednesday, marking its highest close in nearly 2-1/2 weeks as the September trade deficit narrowed sharply, raising hopes for a significant improvement in the country's current account balance. The Sensex provisionally rose 1.33%, marking its highest close since September 20. The Nifty also ended up 1.33%. About 1396 shares have advanced, 1014 shares declined, and 172 shares are unchanged. The NSE bank index turned positive, up 0.5 % after earlier falling as much as 1.9 per cent earlier in the day after September trade deficit came in better than expected at $6.7 billion .

Company

WIPRO M&M CAIRN BPCL MARUTI

Stocks at 52 Week’s high Symbol

Prev. Close

Change

%Chg

DENSO

140.45

1.15

+0.83

IDEA

181.95

0.50

-0.27

LUPIN

918.70

28.50

+3.20

SUNPHARMA

649.35

35.20

+5.73

1,483.85

41.50

+2.88

Prev. Close

Change

%Chg

36.95 135.00

0.25 9.95

+0.68 -6.86

CMP

Change

% Chg

6,007.45 20,249.26

+79.05 +265.65

+1.33 +1.33

TECHM Index stats Bank Nifty & Bankex both advanced 1.91% & 1.88% respectively, the sectors which were in positive move with Nifty in yesterday’s session were; Capital Goods [up 150.41pts], AUTO [up 63.28pts], Healthcare [up 181.93pts], FMCG [up 28.55pts]. Power [up 24.36pts] IT [up pts], Oil & Gas [up 117.64pts], TECK [up 60.99pts], PSU [up 45.21pts], Metals [up 68.40pts], REALTY [up 53.85pts] traded upward except Consumer Durables [down 21.30pts].

Stocks at 52 Week’s Low Symbol

JSL KIRLOSBROS

Indian Indices Company NIFTY SENSEX

YOUR MINTVISORY

Call us at +91-731-6642300


DAILY REPORT 10th OCTOBER. 2013

EQUITY CASH & FUTURE

STOCK RECOMMENDATIONS [FUTURE] 1. RCOM

STOCK RECOMMENDATION [CASH] 1. REPRO INDIA LTD

RCOM FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it continues to sustain above 155. We advise buying around 154-155 levels with strict stop loss of 152 for the targets of 157-159 levels.

REPRO INDIA LTD is looking strong on charts . We advise buying above 148 with strict stop loss of 141 for the targets of 152-158 levels.

2. ICICI BANK

ICICI BANK FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it continues to sustain above 960. We advise buying around 950-960 levels with strict stop loss of 920 for the targets of 980-990 levels.

YOUR MINTVISORY

MACRO NEWS Bharti & Walmart have scrapped the joint venture deal. Both the companies will now independently own & operate separate business formats in India. They decided to discontinue franchisee pact in retail and Walmart will acquire Bharti's stake in Bharti-Walmart. India’s trade deficit for the month of September fell to USD 6.76 billion from USD 17.15 billion a year ago. While exports are up 11.15 % to USD 27.68 billion in September, imports have dipped 18.1 % to USD 34.44 billion. Gold and silver imports slid to USD 0.8 billion for the period in focus from USD 4.6 billion in September 2012. INFOSYS is going to report its second quarter earnings this Friday. Mukesh Ambani-owned Reliance Jio calls TRAI's plan to impose 3% spectrum usage fee (SUC). Factory Output Data will be announced on Friday. Business confidence of India Inc for October-December quarter dropped to the lowest level in four-and-a-half years amid economic uncertainty in the global and domestic markets,

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DAILY REPORT FUTURE & OPTION

10th OCTOBER. 2013

MOST ACTIVE PUT OPTION Symbol

Option Type

Strike Price

LTP

Traded Volume (Contracts)

Open Interest

NIFTY

PE

5,800

61.10

2,32,981

48,38,700

NIFTY

PE

5,700

42.45

2,28,790

60,08,000

NIFTY

PE

5,900

85.15

1,65,532

34,27,900

BANK NIFTY

PE

9,500 123.05

20,348

5,45,350

SBIN

PE

1,600

58.20

4,536

2,24,750

SBIN

PE

1,500

26.00

3,077

2,24,375

INFY

PE

2,600

36.00

6,367

8,05,125

INFY

PE

2,500

22.60

5,763

7,00,375

LTP

Traded Volume (Contracts)

Open Interest

STOCKS IN NEWS Jubilant Pharma will open API subsidiary in Singapore. Bayer CropScience may buy under 26% stake in Kaveri Seeds. Power Finance Corp has extended the bidding deadline for its $150 mln six-year term loan to October 17. PNB, OBC cut interest rate on car, consumer goods loans. Rashtriya Ispat Nigam's sales revenue rose by 34 per cent to Rs 1,222 crore in September. DLF sells non-core assets worth $24 mn to pare debt NIFTY FUTURE

MOST ACTIVE CALL OPTION Symbol

Option Type

Strike Price

NIFTY

CE

6,100 120.15

2,81,332

5,60,350

NIFTY

CE

6,200

76.80

2,41,583

35,26,700

NIFTY

CE

6,000 173.75

1,83,342

1,90,450

BANKNIFTY

CE

11,000 172.00

20,268

2,70,600

INFY

CE

3,500

52.70

7,684

6,02,500

INFY

CE

3,600

33.00

6,983

4,37,625

DLF

CE

150

9.00

4,061

15,86,000

SBIN

CE

1,700

42.50

5,615

4,10,750

SBIN

CE

1,600

86.50

3,518

88,375

Nifty Future closed in the green in the last trading session. We advise buying on dips around 5980-6000 with strict stop loss of 5950 for the targets of 6075-6095 levels.

FII DERIVATIVES STATISTICS BUY

SELL

OPEN INTEREST AT THE END OF THE DAY

No. of Amount in No. of Amount in No. of Contracts Crores Contracts Crores Contracts

Amount in Crores

NET AMOUNT

INDEX FUTURES

86381

2519.57

67873

2013.47

395834

11710.65

506.11

INDEX OPTIONS

456128

13302.40

474992

13842.08

1882856

56299.05

-539.68

STOCK FUTURES

66672

1794.92

82305

2246.44

947653

26862.61

-451.52

STOCK OPTIONS

36329

1009.14

37065

1027.31

73724

2140.54

-18.16

TOTAL

-503.26

INDICES NIFTY NIFTYJUNIOR BANK NIFTY

YOUR MINTVISORY

S2 5828.28 11446.6 9801.08

S1 5917.86 11585.45 10068.01

PIVOT 5966.68 11664.45 10214.18

R1 6056.26 11803.3 10481.11

R2 6105.08 11882.3 10627.28

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DAILY REPORT 10th OCTOBER. 2013

COMMODITY MCX

RECOMMENDATIONS SILVER

COMMODITY ROUNDUP India crude oil futures was seen trading slightly down on Wednesday amid weak global cues. Partial shutdown of the US Govt. was seen pressuring the commodity movement in the global market to certain extent. EIA data is expected to impact the commodity prices negatively. MCX crude oil futures for October delivery was seen trading down by 0.57% at Rs. 6416 per barrel as of 17.02 IST on Wednesday. WTI crude oil futures for November delivery on NYMEX was seen trading with a loss of 18 cents at $103.31 per barrel as of 17.17 IST on Wednesday. MCX copper futures for November delivery was seen trading down by 1.03% at Rs. 451.55 per kilogram as of 17.09 IST on Wednesday. Copper on LME for delivery in three months was seen trading down by 0.45% at $7193 per metric ton as of 14.05 IST on Wednesday.

TRADING STRATEGY: BUY SILVER ABOVE 49550 TGTS 49850/50150 SL 49150 SELL SILVER BELOW 48800TGTS 48500/48200 SL 49200 GOLD

India's gold demand could rise as much as 15 % this quarter to 300 tonnes as pent-up demand following a good monsoon keeps the country on track for yearly demand estimated at 1,000 tonnes. Some market participants say the excess demand could be met by smuggled gold, which has risen substantially after import curbs were imposed. futures prices yesterday fell by 0.55% to Rs 29,455 per 10 gram as speculators trimmed positions, tracking a weak global trend. At the MCX, gold prices for delivery in December was trading Rs 164, or 0.55% lower at Rs 29,455 per 10 grams in business turnover of 3,055 lots. On similar lines, metal prices for delivery in far-month February, 2013 eased by Rs 119, or 0.40%, to Rs 29,311 per ten grams in 90 lots. At the MCX silver prices for delivery in December traded lower by Rs 169 or 0.34%, to Rs 49.783 per kg in business turnover of 723 lots. Similarly, the white metal prices for delivery in March next year declined by Rs 143 or 0.28% to Rs 50.969 per kg in business volume of four lots.

TRADING STRATEGY: BUY GOLD ABOVE 29450 TGTS 29550/29650 SL 29330 SELL GOLD BELOW 29050 TGTS 28950/ 28850 SL 29180

YOUR MINTVISORY

Export-oriented sectors such as IT services, pharmaceuticals and textiles will, in aggregate, report EBITDA margin expansion of nearly 100 bps, while EBITDA margins for other sectors are estimated to have declined by about 50 bps.

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DAILY REPORT 10th OCTOBER. 2013

NCDEX

RECOMMENDATIONS

NCDEX INDICES

CASTORSEED

Index

Value

% Change

Barley

1210

-0.70

Castor Seed

3545

-1.12

Chana

2987

+0.37

Chilli

5840

+0.72

Coriander

6425

-0.60

Cotton Seed Oilcake

1504

+0.07

12762.5

-0.58

Mustard seed

3538

-0.03

Ref Soya Oil

697.4

+0.45

Turmeric

4788

-1.40

Jeera

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

NCDEX ROUNDUP

DHANIYA

high of Rs 10,588.43 crore in marketing year 2012-13

Exports of soya meal have jumped 37% to touch an all time (October-September), mainly on the back of rupee depreciation Exports of soya meal during the same period last year stood at Rs 7,745.36 crore, according to the data available with Soybean Processors Association (SOPA). Maschio Gaspardo India Pvt Ltd, subsidiary fo Italy based international group specialising in agricultural machinery and equipments, has completed one year of operations in India and announced Rs 300 cr investment till 2017 for enhancement of manufacturing capacity. Maschio Gaspardo Group plans to invest Rs. 300 crore in the Ranjangaon plant (near Pune) spread over 25,000 sq. mts. to expand production capabilities for rotary tillers, power harrows, precision planters, cereal seed drills, combination cultiva-

BUY DHANIYA ABOVE 6485 TG 6515,6545 SL 6445S SELL DHANIYA BELOW 6385 TG 6355,6325 SL 6425

YOUR MINTVISORY

tor-drills, mulchers, sprayers and minimum tillage equipment in India.

Call us at +91-731-6642300


DAILY REPORT 10th OCTOBER. 2013

CURRENCY

RBI Reference Rate Currency

Rate Currency

Rate

Rupee- $

61.9170 Yen-100

63.5400

Euro

83.9247 GBP

99.4511

EUR/INR

EUR/INR has closed @83.9750. If it breaks the level of 83.85, it can touch the level of 83.60 & 83.02. If it sustains above the level of 85.00, it can touch the level of 85.35 & 85.62. GBP/INR

GBP/INR has closed @99.2225. If it breaks the level of 98.95, it can touch the level of 98.78 & 98.40. If it sustains above the level of 100.95 it can touch the level of 101.45 & 101.85.

YOUR MINTVISORY

CURRENCY ROUNDUP The dollar was rising on markets' relief over the prospect of Yellen's appointment although her dovish stance would not normally have supported the U.S. currency. U.S. stockindex futures also rose. The Indian rupee, shares, and benchmark bonds gained on Wednesday after data showed the September trade deficit narrowed sharply from August, reducing concerns about the country's current account balance. The rupee strengthened to 61.9650 per dollar at 0625 GMT from around 62.10 before the data, while the benchmark 10-year bond yield initially fell around 4 basis points but then recovered to trade at 8.44 %, still down from its 8.50 % close on Tuesday. It rose 1.7 % last week, the best performance among the 11 Asian currencies. 1-month volatility fell 81 basis points to 14.19 %. The 10Y yield climbed one basis point to 8.63 %. 1-month forwards fell 0.2 % to 62.20. Offshore non - deliverable contracts declined 0.5 % to 62.35. The better-than-expected trade data boosts sentiment for the local currency. Country's trade deficit narrowed to a two-and-a-half-year low in September as merchandise exports posted a third straight month of annual growth, provisional government data showed on Wednesday, strengthening the outlook for the rupee. The Indian rupee fell on Wednesday, after the International Monetary Fund sharply cut its economic growth forecast for the country and as the dollar rallied following the naming of Janet Yellen as the next head of the U.S. Federal Reserve. The dollar's strength versus majors kept the rupee's gains under control but good trade data definitely helped pull it off the session lows. The index of the dollar against six major currencies was up 0.4 %. The rupee weakened after the International Monetary Fund cut India's growth forecast for the current year to 3.8 % from 5.6 % in its July survey. In the offshore nondeliverable forwards, the one-month contract was at 62.48 while the three-month was at 63.44.

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DAILY REPORT 10th OCTOBER. 2013

CALL REPORT PERFORMANCE UPDATES

Date

09/10/13 09/10/13 09/10/13 09/10/13 09/10/13 09/10/13 09/10/13 09/10/13 09/10/13 09/10/13 Date

Commodity/ Currency Pairs

MCX GOLD MCX GOLD NCDEX CASTOR SEED NCDEX CASTOR SEED NCDEX DHANIYA NCDEX DHANIYA JPY/INR EUR/INR JPY/INR EUR/INR Scrip

Contract

Strategy

Entry Level

Target

Stop Loss

Remark

OCT. DEC. OCT. OCT. OCT. OCT. OCT. OCT. OCT. OCT.

BUY SELL SELL BUY BUY SELL SELL SELL BUY BUY

29750 29540 3500 3600 6485 6400 63.50 83.80 64.40 84.70

29850-29950 29400-29340 3470-3440 3630-3660 6515-6545 6370-6340 63.36-63.00 83.60-83.21 84.95-85.23 64.67-65.03

29620 29660 3550 3560 6445 6440

NOT EXECUTED BOOKED FULL PROFIT NOT EXECUTED SL TRIGGERED

Stop Loss

Remark

SL TRIGERRED BOOKED PROFIT CALL OPEN

CASH/ FUTURE/ OPTION

09/10/13 09/10/13 09/10/13 09/10/13

NIFTY PUNJ LLOYD AXIS BANK HINDUJA GLOBAL

FUTURE FUTURE FUTURE CASH

08/10/13

TECHM

FUTURE

Strategy

Entry Level

Target

SELL BUY SELL BUY

5980-6000 27.50-28.00 1080-1070 378

5955-5925 29-30 1050-1025 394-425

6030 26.50 1100 363

BUY

1450-1460

1475-1490

1420

BOOKED FULL PROFIT

NOT EXECUTED NOT EXECUTED NOT EXECUTED NOT EXECUTED BOOKED PROFIT

BOOKED FULL PROFIT BOOKED FULL PROFIT

US ECONOMIC REPORT TIME (ET)

REPORT

PERIOD

ACTUAL

CONSENSUS FORECAST

PREVIOUS

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%

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Special report by epic reseach 10 october 2013