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DAILY REPORT 27th AUG. 2013

Global markets at a glance

World Indices Index

Value

% Change

14,946.46

-0.43

S&P 500

1,656.78

-0.40

NASDAQ EURO STO FTSE 100

3,657.57 2,821.45 6,492.10

-0.01 -0.16 +0.70

The Dow Jones industrial average declined 0.43 per cent, the S&P 500 also looses 0.40 per cent, and the Nasdaq Composite shown a little downside by 0.01 per cent.

Nikkei 225 Hong Kong

13,595.68 21,941.24

-0.30 -0.29

In Shanghai, Chinese shares jumped 1.90 per cent, or 39.01 points, to 2,096.47, boosted by gains in financial stocks and enthusiasm for plans approved last week to create a free-trade zone in the city. Hong Kong closed 0.65 per cent, or 141.81 points, higher at 22,005.32.

Company

CMP

Change

% Chg

SESA GOA

168.25

15.20

9.93

RANBAXY

401.35

16.85

4.38

35.50

1.65

4.87

Stocks in China advanced Monday, with the Shanghai Composite jumping 1.9% to 2096.47 as the market continued to be boosted by last week's approval of a free trade zone in Shanghai. Hong Kong's Hang Seng Index rose 0.7% to 22005.32, with shares reacting to earnings reports

DJl

Top Gainers

JPASSOCIAT BHEL

123.10

7.00

6.03

Wall Street Update

AMBUJACEM

164.95

5.40

3.38

Chinese stocks led Asia higher, with Shanghai companies at the forefront, while the rest of Asia moved higher after weak housing data from the U.S. tempered expectations that the Federal Reserve will be quick to withdraw its bond -buying program.

Top Losers CMP

Change

% Chg

95.65 931.00 266.65 295.00

-9.10 -50.50 -10.05 -9.80

-8.77 -5.15 -3.63 -3.22

Prev. Close

Change

%Chg

944.95

-1.40

-0.15

1,382.05

+15.85

+1.16

Prev. Close

Change

%Chg

94.65 73.35 770.00

-9.10 -3.85 -46.95

-8.77 -4.99 -5.75

CMP

Change

% Chg

5,476.50 18,558.13

+4.75 +38.69

+0.09 +0.21

Previous day Roundup The market starts the weak on a volatile note. The Nifty faced resistance at 5,500 and closes flat at 5476.50, up 4.75 points. The Sensex manages to add 39 points, ending the session at 18,558. About 1288 shares have advanced, 977 shares declined, and 156 shares are unchanged. Index stats: BANKEX and Bank Nifty both declined yesterday by 1.04 & 1.02% respectively. The sectors resulted downside were Consumer Durables [down 2.81 pts], Oil & Gas [down 35.12 pts] , PSU [down 3.35pts]. Whereas the gainers are; Metals [up 81.87 pts], Capital Goods [up 90.17 pts], FMCG [up 26.89 pts], IT [up 72.15 pts], TECK [up 36.16 pts], Healthcare [up 96.94 pts], Power [up 21.85 pts].

YOUR MINTVISORY

Company

IDFC AXISBANK ONGC GAIL

Stocks at 52 Week’s high Symbol

HCLTECH TECHM

Stocks at 52 Week’s Low Symbol

IDFC PLETHICO SOLARINDS

Top Losers Company

NIFTY SENSEX

Call us at +91-731-6642300


DAILY REPORT 27th AUG. 2013

EQUITY CASH & FUTURE

STOCK RECOMMENDATIONS [FUTURE] 1. IDFC

STOCK RECOMMENDATION [CASH] 1. KIRLOSKAR CUMMMINS LTD.

IDFC is looking weak on charts, short build up has been seen in it, we may see more downside in this stock, if it continues to sustain below 94 levels. We advise selling on rise around 95-97 with strict stop loss of 100 for TGT 9391.

Kirloskar Cummins ltd is looking strong on charts, we may see more upside in this stock, if it trade above 390 levels. We advise buying above 390 levels with strict stop loss of 381 for the targets of 398-405 levels. MACRO NEWS

2. SESA GOA 

SESA GOA is looking strong on charts, long build up has been seen in it, we may see more upside in this stock, if it continues to trade above 160. We advise buying on dips around 158-155 with strict stop loss of 152 for TGT of 162 -167.

YOUR MINTVISORY

Fitch ratings said it was getting more challenging for India to meet its fiscal deficit target in the current fiscal year ending March 2014 with revenues slowing.. The current account deficit is likely to fall further to USD 70 billion, foresees PMEAC chairman C Rangarajan. For year ended March, CAD deficit widened to USD 87.8 billion, or 4.8 percent of GDP, from USD 78.2 billion in 2011-2012, or 4.2 percent of GDP. Banks borrowed Rs 559 billion ($8.8 billion) from the Reserve Bank of India's marginal standing facility (MSF) window on August 23 for three-days, lower than the Rs 582.85 billion on August 22. The RBI had raised the MSF rate by 200 basis points to 10.25 per cent and also imposed restrictions on daily borrowings by banks under its repo window last month.

Call us at +91-731-6642300


DAILY REPORT FUTURE & OPTION

27th AUG. 2013

MOST ACTIVE PUT OPTION Symbol

Option Type

Strike Price

LTP

Traded Volume (Contracts)

Open Interest

NIFTY

PE

5,400

29.10

9,32,931

68,90,800

NIFTY

PE

5,500

74.35

8,02,389

54,77,250

NIFTY

PE

5,300

8.65

5,04,949

83,71,050

SBIN

PE

1,500

9.75

4,073

5,64,500

SBIN

PE

1,550

24.90

3,477

2,63,250

RELIANCE

PE

820

12.00

2,031

1,86,500

DLF

PE

130

2.50

2,279

12,01,000

Strike Price

LTP

Traded Volume (Contracts)

Open Interest

STOCKS IN NEWS  State-run Goa Handicraft and Rural Small Scale Industries Development Corporation (GHRSSIDC) has signed an MoU with Coal India buy coal from its subsidiary.  Federal Bank seeks FIPB nod to raise foreign holding limit.  Indian Oil will get cash payment for Q1 subsidy on September 17: Executive NIFTY FUTURE

MOST ACTIVE CALL OPTION Symbol

Option Type

NIFTY

CE

5,500

28.85

8.83,105

75,26,050

NIFTY

CE

5,600

6.80

7,23,619

84,41,600

NIFTY

CE

5,400

82.50

2,57,427

42,28,200

DLF

CE

140

3.55

3,157

12,98,000

SBIN

CE

1,650

5.00

3,687

4,52,750

MCDOWELL-N

CE

2,300

16.90

3,067

1,66,000

RELIANCE

CE

820

11.80

4,316

5,29,500

TATASTEEL

CE

280

5.50

3,198

7,33,000

SBIN

CE

1,550

33.00

2,859

2,68,500

Nifty Future is facing strong resistance near 55255550 levels. We advise selling on rise near the 55255500 levels with strict stop loss of 5550 for the targets of 5450-5400 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

170706

4576.63

206751

5540.40

669078

17767.36

-963.77

INDEX OPTIONS

986526

26723.89

1025251

27633.69

2316713

62911.63

-909.81

STOCK FUTURES

250278

6514.94

229324

5944.41

1129751

28589.95

570.54

STOCK OPTIONS

34920

875.71

35130

889.37

134257

3424.33

-13.66

TOTAL

-1316.7

INDICES NIFTY NIFTYJUNIOR

YOUR MINTVISORY

S2

S1

PIVOT

R1

R2

5412.3

5444.4

5486.55

5518.65

5560.8

10565.01

10616.43

10675.11

10726.53

10785.21

Call us at +91-731-6642300


DAILY REPORT 27th AUG. 2013

COMMODITY MCX

SILVER

COMMODITY ROUNDUP Gold prices in the global market edged down on concerns that whether US Central Bank roll back its monetary stimulus from next month or not. Gold futures on Comex was seen trading with sideways. Gold for December delivery on Globex platform of Comex was seen trading down by 0.08% at $1394.6 per troy ounce as of 02.53 PM IST on Monday. The US Federal Reserve may declare a careful initial step to cut its bond purchasing program at its meeting to be held next month, provided that there were no significant worrisome factors in the economy.

TRADING STRATEGY: BUY SILVER ABOVE 54050 TGTS 54220 /54560 SL 53750. SELL SILVER BELOW 53500 TGTS 53330 /52930 SL 53900

GOLD

MCX gold for October delivery was seen trading up by 0.11% at Rs. 31792 per 10 grams as of 03.14 PM IST on Monday. The prices touched their peak in August at 31950 last week. Weakness Indian Rupee (INR) against US Dollar (USD) was seen supporting the MCX gold prices to certain extent on Monday. For near term, MCX silver prices are likely to trade positive following strong buying sentiments in the international market. Support for silver futures is seen at 50000 while resistance is seen at 55000. MCX silver futures for September delivery was seen trading up by 0.95% at Rs. 53980 per kilogram as of 04.00 PM IST on Monday. Comex silver futures was seen trading positive and is expected to continue with the trend for the day. Silver futures for September delivery on Globex platform of Comex was seen trading up by 1.20% at $24.02 per troy ounce as of 04.18 PM IST on Monday.

TRADING STRATEGY: BUY GOLD ABOVE 32050 TGTS 32120/32220 SL 31950 SELL GOLD BELOW 31650 TGTS 31580/31480 SL 31750

YOUR MINTVISORY

MCX Copper futures for August delivery was seen trading up by 0.92% at Rs. 479.25 per kilogram as of 04.45 PM IST on Monday. Copper edged back up towards Thursday’s high at 3.3685. Above here we meet resistance from recent highs at 3.3767/3800.

Call us at +91-731-6642300


DAILY REPORT 27th AUG. 2013

NCDEX

RECOMMENDATIONS CASTORSEED

NCDEX INDICES Index

Value

% Change

Castor Seed Chana Chilli Coriander Cotton Seed Oilcake Jeera

3732 3171 5550 5873 1845 13545

+2.64 +1.12 +1.55 +1.50 +0.27 +0.39

Mustard seed

3533

+2.35

Ref Soya Oil

701.3

+2.32

Sugar M Grade

3014

-0.56

Turmeric

5110

+0.31

NCDEX ROUNDUP

BUY CASTORSEEED SEP ABOVE 3750 TG 3725,3800 SL 3710 SELL CASTORSEED SEP BELOW 3715 TG 3690,3650 SL 3760 DHANIYA

India has sold 350,000 to 400,000 tonnes of new-crop soymeal for shipment between October and December on prospects of higher soybean production and a weak rupee Asian Development Bank (ADB) will provide $18.4 million to Champion Agro to set up cold storage facilities for fruits and vegetables focusing on Gujarat. A sudden spurt in domestic and overseas futures market lifted prices of imported edible oils here on Monday, despite month-end need-based demand. Taking cues from Malaysian palm oil, local refineries raised their rates for palmolein and soyabean refined oil higher by Rs 15-20 respectively for 10 kg. Indigenous edible oils were mixed. On the Bombay Commodity exchange, palmolein rose by Rs 8, soyabean refined oil by Rs 15 and cotton refined oil by Rs 7 for 10 kg due to lower demand. Groundnut oil declined by Rs 5 while sunflower and rapeseed oils ruled steady. Pepper prices fell on Monday on reports of selling pressure. As prices crossed Rs 400-level and touched Rs 405 a kg, those who were holding the material started liquidating. This phenomenon led to the price fall.

BUY DHANIYA SEP ABOVE 5910 TG 5935,5970 SL 5865 SELL DHANIYA SEP BELOW 5850 TG 5825,5800 SL 5890

YOUR MINTVISORY

Call us at +91-731-6642300


DAILY REPORT 27th AUG. 2013

CURRENCY

RBI Reference Rate Currency

Rate Currency

Rupee- $

64.2347 Yen-100

Euro

85.9342 GBP

EUR/INR

Rate

65.2100 100.0070

CURRENCY ROUNDUP Indian rupee plunges to 64.20 per dollar in yesterday’s late morning trade. This follows good demand for the US currency from banks and importers due to rise in crude oil prices. The rupee resumed lower at 63.65 per dollar against the last weekend's level of 63.20 at the Interbank Foreign Exchange. CLSA expects the rupee to weaken to 67 to 68 per dollar mark by the end of fiscal year 2014. It also sees the rupee heading to at least 70 to 72 per dollar mark by fy15. On the other hand, CRISIL believes that the rupee will head back to 60 per dollar by the end of fiscal year 2014.

EUR/INR (NSE/MCX-SX) has closed at the level of @86.2475. If EUR/INR sustains above the level of @86.50 then it can touch the level of @86.67 and @87.51 respectively. JPY/INR

CRISIL expects the currency to recover, helped by further narrowing of the current account deficit due to a decline in non-oil imports, including gold. The rupee yesterday tumbled 110 paise to once again close below the 64 mark against the dollar, giving up a major part of Friday's gains amid heavy month-end dollar demand from importers and capital outflows.

A strengthening dollar overseas and late weakness in local stocks also put pressure on the rupee, a forex dealer said. Global ratings agency Fitch said India's fiscal numbers "look weak" and warned of a downgrade if the country is unable to meet the fiscal deficit target.

JPY/INR (NSE/MCX-SX) has closed at the level of @65.4025. If JPY/INR sustains above the level of @65.55, it can touch the level of @66.21 and @66.73.

YOUR MINTVISORY

The dollar index was up by 0.08 per cent against a basket of six major global currencies after US Federal Reserve officials wrapped up a yearly gathering appearing ready to start slowing the monetary stimulus next month. he Reserve Bank of India (RBI) was spotted selling dollars via state-run banks starting at around 64.70 rupee levels on Monday, three traders told Reuters, after the rupee had weakened through most of the session.

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DAILY REPORT 27th AUG. 2013

CALL REPORT PERFORMANCE UPDATES

Date 26/08/13 26/08/13 26/08/13 26/08/13 26/08/13 26/08/13 26/08/13 26/08/13

Date

Commodity/ Currency Pairs

Strategy

Entry Level

Target

OCT. SEP. SEP SEP SEP SEP AUG AUG

BUY BUY BUY SELL BUY SELL SELL SELL

31980 53800 3685 3590 5850 5750 64.0500 63.9925

32040-32100 53970-54200 3710-3735 3575-3550 5875-5900 5725-5700 63.25-62.80 63.17-62.32

MCX GOLD MCX SILVER NCDEX CASTOR SEED NCDEX CASTOR SEED NCDEX DHANIYA NCDEX DHANIYA JPY/INR USD/INR

Scrip

26/08/13

NIFTY

26/08/13 26/08/13 26/08/13

Stop Loss

Contract

CASH/ FUTURE/ OPTION

Strategy

31890 53600 3660 3615 5825 5775

Stop Loss

Entry Level Target 5350-5400

5450-5500

Remark NOT EXECUTED BOOKED FULL PROFIT BOOKED FULL PROFIT NOT EXECUTED BOOKED FULL PROFIT NOT EXECUTED NOT EXECUTED CALL OPEN

Remark

FUTURE

BUY

5300

PC JEWELLERS

CASH

BUY

95

98-102

90

TECH MAHINDRA

FUTURE

BUY

1350-1360

1375-1390

1325

BHEL

FUTURE

BUY

112-114

118-120

110

NOT EXECUTED SL TRIGGERED BOOKED FULL PROFIT NOT EXECUTED

PERFORMANCE UPDATES

TIME (ET) REPORT

PERIOD

ACTUAL

CONSENSUS FORECAST

PREVIOUS

TUESDAY, AUG. 27 10 AM

CONSUMER CONFIDENCE INDEX

AUG.

80.0

80.3

0.2%

-0.4%

N/A 2.4%

N/A 1.7%

0.2% 0.3% 0.2% 53.0 N/A

0.3% 0.5% 0.2% 52.3 80.0

WEDNESDAY, AUG. 28 10 AM

PENDING HOME SALES MOM THURSDAY, AUG. 29

8:30 AM 8:30 AM

WEEKLY JOBLESS CLAIMS GDP REVISION

8/24 2Q

8:30 AM 8:30 AM 8:30 AM 9:45 AM 9:55 AM

PERSONAL INCOME CONSUMER SPENDING CORE PCE PRICE INDEX CHICAGO PMI UMICH CONSUMER SENTIMENT INDEX

JULY JULY JULY AUG. AUG.

FRIDAY, AUG. 30

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YOUR MINTVISORY

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Special report by epic reseach 27 august 2013  
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