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DAILY REPORT 08th OCTOBER. 2013

Global markets at a glance European stocks dropped on Monday in thin volumes, with one benchmark index hitting a four-week low as investors fretted over lack of progress in resolving Washington's budget standoff. The euro zone's blue-chip Euro STOXX 50 index was down 1.1 %, at 2,897.38 points. UK's FTSE 100 index was down 0.8 %, Germany's DAX index down 1.1 % and France's CAC 40 down 1 %. The Nikkei share average dropped to a one-month low on Monday as the lack of progress in resolving the U.S. budget standoff left investors increasingly frustrated. The Nikkei dropped 1.2 % to 13,853.32 after falling to as low as 13,841.93, the lowest level since Sept. 6. The index fell for a fourth day.

World Indices Index

Value

% Change

14,936.24

-0.90

S&P 500

1,676.12

-0.85

NASDAQ EURO STO FTSE 100

3,770.38 2,923.04 6,437.28

-0.98 -0.18 -0.26

Nikkei 225 Hong Kong

13,843.01 23,029.45

-0.07 +0.24

DJl

Top Gainers Company

CMP

Change

% Chg

RANBAXY

379.90

19.70

+5.47

TATASTEEL

301.45

13.00

+4.51

Wall Street Update U.S. Democrats and Republicans came no closer on Sunday to a budget agreement that would end a government shutdown, let alone reaching a deal on the U.S. borrowing limit by Oct. 17 to avoid what would be an unprecedented default. U.S. Standard & Poor's 500 e-mini futures dipped 0.1 percent in Asian trade after the cash index ended down 0.9 percent on Monday and dropped for the 10th time in the past 13 sessions. U.S. Treasury futures added 4-1/2 ticks.

BPCL

355.40

13.95

+4.09

2,095.75

62.15

+3.06

121.65

3.60

+3.05

CMP

Change

% Chg

300.00 321.85 1,071.00 916.65 1,408.10

10.05 6.50 21.55 13.95 20.40

-3.24 -1.98 -1.97 -1.50 -1.48

Previous day Roundup After a tepid session on negative global cues, the market ended on a flat down. The Sensex closed down 20.85 points at 19895.10 while the Nifty managed to end above the 5900 at 5906.15, down 1.15 points. About 1255 shares advanced, 1077 shares declined, and 150 shares were unchanged.

Stocks at 52 Week’s high Prev. Close

Change

%Chg

HCLTECH

1,118.00

21.20

+1.93

JUSTDIAL

930.00

-99.45

-9.66

SUNPHARMA

604.65

4.20

+0.70

TCS

2,095.75

62.15

+3.06

TECHM

1,447.55

46.85

+3.34

Prev. Close

Change

%Chg

114.05 36.80

6.00 -0.05

-5.00 -0.14

CMP

Change

% Chg

5,906.15 19,895.10

-1.15 -20.85

-0.02 -0.10

Index stats Bank Nifty & Bankex both declined 1.13% & 1.16% respectively, the sectors which were in positive move in yesterday’s session were; Healthcare [up 83.18pts], IT [up 97.22pts], FMCG [up 0.15pts], Metals [up 79.66pts], TECK [up 40.48pts], Power [up 6.91pts]. The sectors declined were: Consumer Durables [down 17.02pts], Capital Goods [down 31.33pts], AUTO [down 22.08pts], , Oil & Gas [down 22.29pts], PSU [down 22.45pts], REALTY [down 3.94pts].

YOUR MINTVISORY

TCS HINDALCO

Top Losers Company

COAL INDIA BHARTIARTL AXISBANK ICICIBANK MARUTI Symbol

Stocks at 52 Week’s Low Symbol

FLFL JSL

Indian Indices Company NIFTY SENSEX

Call us at +91-731-6642300


DAILY REPORT 08th OCTOBER. 2013

EQUITY CASH & FUTURE

STOCK RECOMMENDATIONS [FUTURE] 1. TECH MAHINDRA

STOCK RECOMMENDATION [CASH] 1. APAR INDUSTRIES LTD

TECH MAHINDRA is looking strong on charts, long build up has been seen, we may see more upside, if it continues to sustain above 1450. We advise buying around 1450-1460 levels with strict stop loss of 1420 for targets of 1475-1490.

APAR INDUSTRIES LTD is looking strong on charts . We advice buying above 107 with strict stop loss of 102 for the targets of 112-115 levels.

2. RANBAXY

RANBAXY FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it continues to sustain above 390. We advise buying above 390 with strict stop loss of 378 for the targets of 398-410 levels.

YOUR MINTVISORY

MACRO NEWS The finance ministry may raise statutory wage ceiling for PF contributions to Rs 15,000 per month from Rs 6,500. that can sharply reduce govt's borrowing costs, bring long-term savings into cash strapped infrastructure sectors, deepen corporate bond market & even make Indian stocks less vulnerable to whims of FII. The ministry of disinvestment and ministry of power have been working on offer-for-sale of NHPC and that also has not been finalized yet. As far as buyback goes, there is no decision in the company to go for it. Force Motors Ltd reported a 40.70 per cent rise in net profit at Rs 26.93 crore for the quarter ended September 30, 2013 on the account of tax gains. CRISIL on Monday said credit quality of India Inc is on a "slippery wicket" due to demand slowdown and liquidity issues, and that banks will therefore see further slippages in the already deteriorating asset quality. Chinese markets will reopen on Tuesday after a week long holiday on account of National Day. India's Apollo Tyres Ltd and Cooper Tire & Rubber Co are at odds over whether Apollo can reduce the price for its proposed takeover of the U.S. firm, the latest hurdle in a deal beset by lawsuits and labor issues.

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DAILY REPORT FUTURE & OPTION

08th OCTOBER. 2013

STOCKS IN NEWS Reliance Infra to commission 5 million tonnes per annum cement unit in October JSW Steel acquires Heidelberg Cement's Raigad grinding unit Ranbaxy Laboratories hunts for FDA is looking to buy a manufacturing facility in India. Tatas to operate Taj Mansingh for three-six months after lease ends. GAIL, NTPC are renting out the Dabhol plant (1,967 -MW unit) to pvt electricity generators. Tata Steel can raise upto Rs 5200- 5300 crore by stake sales. NIFTY FUTURE

MOST ACTIVE PUT OPTION Symbol

Option Type

Strike Price

LTP

Traded Volume (Contracts)

Open Interest

NIFTY

PE

5,700

73.85

1,96,655

49,39,050

NIFTY

PE

5,800

99.80

1,89,347

44,11,700

NIFTY

PE

5,600

54.00

1,28,852

40,50,850

BANK NIFTY

PE

9,500 181.20

11,446

2,16,800

SBIN

PE

1,600

54.60

3,675

2,55,000

INFY

PE

2,600

55.70

3,339

4,98,125

RELIANCE

PE

840

23.90

2,616

4,82,750

ICICIBANK

PE

900

34.55

1,363

1,1,68,250

Strike Price

LTP

Traded Volume (Contracts)

Open Interest

MOST ACTIVE CALL OPTION Symbol

Option Type

NIFTY

CE

6,100

82.20

2,31,740

47,51,650

NIFTY

CE

6,000

126.00

2,30,044

40,66,150

NIFTY

CE

6,200

49.55

1,88,932

31,92,850

BANKNIFTY

CE

10,500

245.05

12,722

2,43,475

SBIN

CE

1,700

46.50

2,964

2,81,250

RELIANCE

CE

900

12.40

2,928

7,27,250

INFY

CE

3,500

54.60

2,528

5,00,250

RANBAXY

CE

400

15.60

2,187

7,93,500

TATASTEEL

CE

300

16.50

1,840

7,58,000

Nifty Future as expected closed in the green in last trading day. We advise buying on dips around 59205930 with stop loss of 5890 for targets of 5960-5980.

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

68554

1984.36

78160

2252.72

395859

11484.72

-268.36

INDEX OPTIONS

430767

12381.24

446363

12849.55

1779938

52389.05

-468.32

STOCK FUTURES

46917

1303.55

51594

1413.81

919851

25732.94

-110.26

STOCK OPTIONS

25705

682.18

28679

766.33

55320

1499.98

-84.15

TOTAL

-931.09

INDICES NIFTY NIFTYJUNIOR

YOUR MINTVISORY

S2

S1

PIVOT

R1

R2

5795.18

5850.66

5881.33

5936.81

5967.48

11483.88

11542.06

11575.53

11633.71

11667.18

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DAILY REPORT 08th OCTOBER. 2013

COMMODITY MCX

RECOMMENDATIONS SILVER

COMMODITY ROUNDUP Crude oil prices edged lower in Asian trade today on growing concerns that the US budget crisis could spiral into a devastating debt default and ravage the global economy. MCX crude oil futures for October delivery was seen trading down by 0.28% at Rs. 6368 per barrel as of 15.03 IST on Monday. WTI crude oil for November delivery was seen trading with a loss of $1.15 at $102.69 per barrel as of 14.59 IST on Monday.

TRADING STRATEGY: BUY SILVER ABOVE 49900TGTS 50200/50500 SL 49500 SELL SILVER BELOW 49250 TGTS 48950/48650 SL 49600 GOLD

India gold futures edged up on Monday amid a steady trend on Comex and depreciation of Indian Rupee against US Dollar. Upcoming physical festive demand for the yellow metal was seen supporting MCX gold prices to certain extent. INR was seen touching 61.85 against USD, a depreciation of 0.78% as of 16.02 IST on Monday. Gold futures for December delivery on India's Multi Commodity Exchange was seen trading up by 0.80% at Rs.29322 per 10 grams as of 15.34 IST on Monday.MCX silver December delivery was seen trading up by 0.81% at Rs.48588 per kilogram as of 15.44 IST on Monday. Comex gold futures for December delivery on electronic platform was seen trading with a gain of $2.9 at $1312.8 per troy ounce while silver was seen trading at $21.76 per troy ounce as of 16.00 IST on Monday. MCX copper futures for November delivery was seen trading down by 0.29% at Rs. 452.90 per kilogram as of 16.33 IST while copper on London Metal Exchange (LME) for delivery in three months was seen trading up by 0.83% at $7191 a metric ton as of 14.35 IST on Monday. If US government fails to raise borrowing limit by October 17, then there would be serious consequences on the economy. Gold traders are eyeing on upcoming physical demand from Asia, especially from India which is expected to go up ahead of upcoming festive demand.

TRADING STRATEGY: BUY GOLD ABOVE 29600 TGTS 29700/29800 SL 29470 SELL GOLD BELOW 29330 TGTS 29230/ 29130 SL 29450

YOUR MINTVISORY

Data from the U.S. Mint show that so far in October, 6,000 ounces of gold coins were sold month-to-date, said Barclays Capital in a research note. All four sizes of American Eagle gold coins advanced in September. Sales accumulated to 13,000 ounces, marking a 13% increase from the prior month yet tumbling 81% from the same time last year.

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DAILY REPORT 08th OCTOBER. 2013

NCDEX

RECOMMENDATIONS CASTORSEED

NCDEX INDICES Index

Value

% Change

Barley

1215

-0.45

Castor Seed

3521

+0.11

Chana

3002

+3.45

Chilli

5782

-0.28

Coriander

6216

+4.00

Cotton Seed Oilcake

1489

-0.33

12807.5

+1.11

Mustard seed

3513

+0.69

Ref Soya Oil

683.9

+1.06

Turmeric

4788

+1.10

Jeera

NCDEX ROUNDUP Cotton yarn exports from India, which has touched 120 mn kg per month, is likely to drop by 20% in the current fiscal following the UPA govt's sudden decision to remove the BUY CASTORSEED ABOVE 3565 TG 3595,3625 SL 3525 SELL CASTORSEED BELOW 3500 TG 3470,3440 SL 3550 DHANIYA

exports benefits under focus market scheme (FMS) on cotton yarn. FMS is aimed at developing new markets across the globe for Indian products. In the first week of October last year, price of a candy of cotton (Sankar 6 variety) was 32,900 and the price of a kg of cotton yarn was 228. But this year cotton prices have climbed to 48,500 a candy and the cotton yarn prices is hovering around 256 a kg. Maize production in India this year is likely to touch record 25 million tonnes as adequate monsoon rains trigger higher acreage across growing states. According to data available from Ministry of Agriculture, area of maize as on October 2 has risen by 11% to 82.24 lakh hectare as against 74 lakh hectare in the corresponding period of last year. Chana Soars, Spot Prices Around Two Week Highs ; Chana futures soared yaeterday. Good demand in ready daals market pushed up Chana prices today, ensuring that the commodity extends its recent recovery. Arrivals in Delhi market are steady at 40 trucks today. The supplies have

BUY DHANIYA ABOVE 6280 TG 6310,6340 SL 61 6240 SELL DHANIYA BELOW 5900TG 5870,5840 SL 5950

YOUR MINTVISORY

hovered in the range of around 30/40 trucks per day in last few weeks. Good demand is seen in Urad and Masoor.

Call us at +91-731-6642300


DAILY REPORT 08th OCTOBER. 2013

CURRENCY

RBI Reference Rate Currency

Rate Currency

Rate

Rupee- $

61.7760 Yen-100

63.6200

Euro

83.8360 GBP

99.0640

USD/INR

CURRENCY ROUNDUP The RBI will look at easing restrictions on the forex futures market once the rupee stabilizes. RBI is also in talks with SEBI on making the dollar-rupee over-the-counter and futures market trades on a delivery basis. In line with equity market, the rupee snapped its three-day winning spree and was lower by 34 paisa at 61.78 in late morning trade today on renewed dollar demand from banks and importers amid its higher value overseas. The rupee resumed lower at 61.50 per dollar as against the last weekend's level of 61.44 at the Interbank Foreign Exchange Market. It dropped further to 61.85 before quoting 61.78 per dollar at 1045 hours. It moved in a range of 61.50 and 61.85 per dollar during the morning deals.

USD/INR has closed @62.2350. If it breaks 61.95, it can touch the level of 61.76 & 61.38. If it sustains above the level of 62.95, it can touch the level of 63.20 & 63.61. GBP/INR

GBP/INR has closed @100.0525. If it breaks 99.35, it can touch the level of 99.00 & 98.78. If it sustains above the level of 100.55 it can touch the level of 100.85 & 101.44.

YOUR MINTVISORY

The Indian Rupee appreciated by 0.5 % on Friday's trading session and closed at 61.44 on the back of struggling Dollar index. Further, Foreign fund flows and selling of dollar by companies supported currency to gain strength. Additionally, RBI measures to attract more Inflows and ease in Geopolitical tensions acted as positive factors for the Indian Rupee. However, weak economic data from the country curbed sharp appreciation in the Indian Rupee. The dollar skidded to near an eight-month low on Tuesday as the U.S. government shutdown entered its second week, leaving investors on tenterhooks as politicians in Washington made little headway in agreeing a deal to avoid an historic U.S. debt default. The dollar was steady at 79.979 against a basket of major currencies after slipping 0.2% overnight to not far from an eight-month trough touched last week. Against the yen, the greenback held steady at 96.80 yen after falling as much as 0.2% to 96.55 yen, hitting an eight-week low earlier in the Asian session. It dropped 0.8 percent overnight to mark its biggest decline against the Japanese currency since Sept. 18, when the Federal Reserve shocked investors by deciding to continue its stimulus program.

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DAILY REPORT 08th OCTOBER. 2013

CALL REPORT PERFORMANCE UPDATES

Date

Contract

Strategy

Entry Level

Target

Stop Loss

Remark

07/10/13

Commodity/ Currency Pairs MCX GOLD

OCT.

BUY

29290

29390-29490

29190

NOT EXECUTED

07/10/13

MCX GOLD

DEC.

SELL

28900

28800-28700

29120

BOOKED FULL PROFIT

07/10/13

MCX SILVER

OCT.

BUY

48620

48920-49220

48200

NOT EXECUTED

07/10/13

MCX SILVER

DEC.

SELL

47700

47400-47100

48100

BOOKED FULL PROFIT

07/10/13

NCDEX CASTOR SEED

OCT.

SELL

3470

3440-3410

3520

NOT EXECUTED

07/10/13

NCDEX CASTOR SEED

OCT.

BUY

3590

3620-3650

3540

NOT EXECUTED

07/10/13

NCDEX DHANIYA

OCT.

BUY

6110

6140-6170

6050

BOOKED FULL PROFIT

07/10/13

NCDEX DHANIYA

OCT.

SELL

5900

5870-5840

5950

NOT EXECUTED

07/10/13

GBP/INR

OCT.

SELL

99.20

99.00-98.78

NOT EXECUTED

07/10/13

EUR/INR

OCT.

SELL

84.05

83.90-83.80

NOT EXECUTED

07/10/13

GBP/INR

OCT.

BUY

100.50

100.85-101.12

NOT EXECUTED

07/10/13

EUR/INR

OCT.

BUY

84.80

84.95-85.20

NOT EXECUTED

Scrip

CASH/ FUTURE/ OPTION

07/10/13

NIFTY

FUTURE

BUY

5930-5950

5980-5990

5900

CALL OPEN

07/10/13

ARVIND

FUTURE

BUY

90

92-94

87

BOOKED PROFIT

07/10/13

ZEE

FUTURE

BUY

248-251

255-258

245

NOT EXECUTED

07/10/13

TBZ

CASH

BUY

142

147-152

135

BOOKED PROFIT

04/10/13

BANKBARODA

FUTURE

BUY

252-230

538-545

505

CALL OPEN

04/10/13

AXISBANK

FUTURE

BUY

1100-1110

1135-1150

1085

SL TRIGGERED

04/10/13

BANK OF INDIA

BUY

175

179-182

170

BOOKED PROFIT

Date

CASH

TIME (ET)

REPORT

7:30 am 8:30 am 10 am

NFIB small business index Trade deficit* Job openings*

10 am 2 pm 2 pm

Wholesale inventories* FOMC minutes Federal budget*

8:30 am 8:30 am

Weekly jobless claims Import price index*

8:30 am 8:30 am 8:30 am 8:30 am 9:55 am 10 am

Retail sales* Retail sales ex-autos* Producer price index* Core PPI* UMich consumer sentiment index Business inventories*

Strategy

Entry Level

Target

PERIOD ACTUAL TUESDAY, OCT. 8 US ECONOMIC REPORT Sept. Aug. Aug. WEDNESDAY, OCT. 9 Aug. 9/18 Oct. THURSDAY, OCT. 10 10/5 Sept. FRIDAY, OCT. 11 Sept. Sept. Sept Sept. Oct. Aug. Disclaimer

Stop Loss

CONSENSUS FORECAST

Remark

PREVIOUS

--$39.5 bln --

94.0 -$39.1 bln 3.7 mln

--

0.1%

--

-$75 bln

N/A 0.2%

308,000 0.0%

0.2% 0.4% 0.2% 0.1% 78.2 0.3%

0.2% 0.1% 0.3% 0.0% 77.5 0.4%

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YOUR MINTVISORY

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Special report by epic reseach 8 october 2013