Page 1

DAILY REPORT 23rd OCTOBER. 2013

Global markets at a glance Mixed results on a big day for corporate earnings halted European equity markets near five-year highs on Tuesday. European equities rose to a fresh five-year high on Tuesday in a broad-based rally after a weak U.S. jobs report boosted expectations that the Federal Reserve would keep monetary policy ultra-loose for longer. The FTSEurofirst 300 ended up 0.5 percent at 1,288.06 points, its highest close since June 2008. Asian shares gained yesterday after disappointing U.S. jobs data firmly pushed expectations for the tapering of Federal Reserve stimulus into next year. Wall Street Update U.S. stock index futures were little changed on Tuesday as caution lingered from the previous session ahead of the delayed release of the September payrolls report. Dow Jones Industrial Average futures edged up 2 points to 15,324, S&P500 futures were flat at 1,737 and Nasdaq 100 futures gained a point at 3,355. U.S. S&P 500 E-mini futures were down about 0.1 percent, after the S&P 500 Index closed at a record high in New York on Tuesday. Previous day Roundup The market seemed to be in deep slumber as trading was muted yesterday. The shares edged lower, although remaining within their highest levels in nearly three years. The Sensex ended down 28.92 points at 20864.97 while the Nifty managed to close above 6200 at 6202.80, Nifty down 2.15 points at 6202.80. About 1480 shares have advanced, 1037 shares declined, and 136 shares are unchanged. Index stats Bank Nifty & Bankex both advanced slightly by 0.11% & 0.19% respectively, the sectors which were in positive move with Nifty in yesterday’s session were; Capital Goods [up 96.82pts], TECK [up 19.48pts], PSU [up 41.45pts], IT [up 42.64pts], Metals [up 10.26pts], Healthcare [up 16.87pts], Power [up 27.53pts] traded upward. The sectors declined were: Oil & Gas [down 25.28pts], Consumer Durables [down 51.47pts], REALTY [down 3.05pts], AUTO [down 67.82pts], FMCG [down 5.70pts].

YOUR MINTVISORY

World Indices Index

Value

% Change

15,467.66

+0.49

S&P 500

1,754.67

+0.57

NASDAQ EURO STO FTSE 100

3,929.57 3,045.77 6,695.66

+0.24 +0.57 +0.62

Nikkei 225 Hong Kong

14,749.32 23,456.52

+0.25 +0.60

DJl

Top Gainers Company

CMP

Change

% Chg

TATAPOWER

82.20

2.20

+2.75

1,113.60

29.50

+2.72

101.95

2.45

+2.48

1,200.00

24.15

+2.05

334.45

6.65

+2.03

CMP

Change

% Chg

116.25 393.00 2,070.00 875.10 164.50

2.15 5.80 29.80 12.60 2.00

-1.82 -1.45 -1.42 -1.42 -1.20

Prev. Close

Change

%Chg

522.60 220.85 179.25 143.20 51.95

6.80 2.05 8.75 2.15 2.20

+1.32 +0.94 +5.13 +1.52 +4.42

Prev. Close

Change

%Chg

82.50 237.00

0.90 12.35

-1.08 +5.50

CMP

Change

% Chg

6,202.80 20,864.97

-2.15 -28.92

-0.03 -0.14

HCL TECH POWERGRID AXISBANK GAIL

Top Losers Company

HINDALCO RANBAXY HEROMOTOCO M&M DLF

Stocks at 52 Week’s high Symbol

ASIANPAINT AUROPHARMA DABUR POLARIS TVSMOTOR

Stocks at 52 Week’s Low Symbol

FLFL INSECTICID

Indian Indices Company

NIFTY SENSEX

Call us at +91-731-6642300


DAILY REPORT 23rd OCTOBER. 2013

EQUITY CASH & FUTURE

STOCK RECOMMENDATIONS [FUTURE] 1. 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 375. We advise buying above 375 levels with strict stop loss of 365 for the targets of 385 -395 levels. 2. BIOCON

BIOCON FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it trades above 340 with volumes. We advise buying above 340 levels with strict stop loss of 335 for the targets of 345-350 levels.

YOUR MINTVISORY

STOCK RECOMMENDATION [CASH] 1. SHALIMAR PAINTS

SHALIMAR PAINTS is looking strong on charts . We advise buying above 72 with strict stop loss of 68 for the targets of 76-80 levels. MACRO NEWS  The govt. is monitoring the top 30 NPA accounts in each PSU bank and asked the lenders to set up separate verticals to recover money from written-off accounts.  YES Bank's Q2 (July-Sept) net profit grew 21.2% YoY, better than expected to Rs 371 cr., driven by strong growth in net interest income and other income. Net interest income rose 28.2% to Rs 672 cr. during September quarter from Rs 524.2 cr. in a year ago period.  Coromandel International consolidated net profit fell 32.5 percent year-on-year to Rs 160.1 crore while total income from operations grew 20.2 percent on yearly basis to Rs 3,215 crore in July-September quarter. The growth in total income was attributed to pick up in volume growth on strong Kharif Crop.  Wipro reported a Profit After Tax (PAT) of Rs 1932.1 crore for Q2 versus Rs 1623 crore, up 19% quarter-onquarter. The sales for Q2 were reported at Rs 10,990.7 crore versus Rs 9735 crore QoQ.  Results today: Hero Motocorp, ACC, Amubuja Cements, Emami, Jet Airways, L&T Finance Holdings, Power Grid, SKS MIcrofinance, Raymond, Dish TV, Exide Industries, Escorts, Hindustan Zinc, Indiabulls Housing Finance, Onward Technologies, Piramal Enterprises, Ramco Industries, Ramco Systems, TTK Healthcare. Call us at +91-731-6642300


DAILY REPORT FUTURE & OPTION

23rd OCTOBER. 2013

MOST ACTIVE PUT OPTION Symbol

Option Type

Strike Price

LTP

Traded Volume (Contracts)

Open Interest

NIFTY

PE

6,200

57.90

3,02,179

38,19,600

NIFTY

PE

6,100

28.75

2,75,255

60,76,950

NIFTY

PE

6,000

13.50

2,23,540

49,62,950

BANK NIFTY

PE

10,500

96.65

13,183

1,96,825

SBIN

PE

1,650

29.95

2,439

1,54,875

YESBANK

PE

360

7.35

5,221

3,66,000

AXISBANK

PE

1,100

5.20

2,703

5,47,000

RELIANCE

PE

900

9.60

2,056

3,42,250

Strike Price

LTP

Traded Volume (Contracts)

Open Interest

STOCKS IN NEWS  Lupin gets USFDA nod for additional strengths of cholesterol drugs.  L&T bags orders worth Rs 1,333 crore in October.  Wockhardt India plant hit by export restrictions.  Tata Teleservices eyes merger with Tata Teleservices Maharashtra.  Reliance Jio gets Unified License to offer all telecom svcs. NIFTY FUTURE

MOST ACTIVE CALL OPTION Symbol

Option Type

NIFTY

CE

6,300

36.55

3,20,733

51,81,250

NIFTY

CE

6,200

83.15

3,04,433

37,74,400

NIFTY

CE

6,400

12.20

2,32,726

44,93,300

BANKNIFTY

CE

11,000

147.00

31,165

3,43,500

SBIN

CE

1,700

35.00

8,976

5,68,000

YESBANK

CE

370

17.00

7,180

4,39,500

JPASSOCIAT

CE

50

0.90

3,781

36,20,000

INFY

CE

3,400

25.00

3,574

8,91,375

WIPRO

CE

520

15.15

3,305

13,05,000

Nifty Future closed in the green in the last trading session. We advise buying around 6200-6220 with strict stop loss of 6175 for the targets of 6260-6285.

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

59465

1827.23

56439

1717.63

500802

15343.93

109.60

INDEX OPTIONS

464585

14076.89

485025

14776.05

1963261

60580.69

-699.17

STOCK FUTURES

65778

1941.23

75697

2234.32

1000019

28804.84

-293.09

STOCK OPTIONS

36735

1075.08

36993

1073.67

100883

3101.32

1.42

TOTAL

-881.24

INDICES NIFTY

S2

S1

PIVOT

R1

R2

6163.26

6183.03

6201.56

6221.33

6239.86

NIFTYJUNIOR

11998.41

12049.28

12089.61

12140.48

12180.81

BANK NIFTY

10608.46

10708.78

10808.16

10908.48

11007.86

YOUR MINTVISORY

Call us at +91-731-6642300


DAILY REPORT 23rd OCTOBER. 2013

COMMODITY MCX

RECOMMENDATIONS SILVER

COMMODITY ROUNDUP The Government recently announced an ambitious plan to produce more electricity from renewable sources as a part of its target to add 10 Giga watts of solar energy by 2017 and 20 Giga watts by 2022. BMO revises up 2014 Gold forecast from $1,181 to $1,275/ Oz; Silver from $18 to $21/Oz. At MCX, gold for December delivery was slightly up by 0.06% at Rs 29775 after hitting a high of 29876 per 10 grams. Since last week, gold has been extending an uptrend. The macro-economic backdrop continues to support gold but continued fall in holdings in physically backed gold exchange traded funds continues to cause concern for th bulls.

TRADING STRATEGY: BUY SILVER ABOVE 50250 TGTS 50450/50750 SL 49950 SELL SILVER BELOW 49600 TGTS 49400/49100 SL 49900 GOLD

Gold prices in first half moved down by 0.11% to Rs 29,496 per 10 gm in futures trade yesterday as participants indulged in trimming their positions, tracking a weak trend in the global market. At the MCX gold for delivery in February next year eased by Rs 33, or 0.11%, to Rs 29,496 per 10 gm in business turnover of one lot. Likewise, the metal for delivery in December shed Rs 11, or 0.04%, to Rs 29,745 per 10 gm in 138 lots. Apart from a weak trend in the overseas markets, profit-booking by speculators also weighed on gold prices at futures trade. Globally, gold traded $3.30, or 0.25%, lower at $1,313.30 an ounce in Singapore yesterday. Gold was nearly unchanged at $1,339.55 an ounce, having risen to a four-week high after the payrolls data. WTI crude oil prices slipped below $100 to $99.36 a barrel at New York Mercantile Exchange while gold gold traded lower for third day awaiting US jobs data.

TRADING STRATEGY: BUY GOLD ABOVE 30190 TGTS 30270/30370 SL 30090 SELL GOLD BELOW 30030 TGTS 29950/ 29850 SL 30130

YOUR MINTVISORY

Aluminium and zinc inventories fell the most at London Metal Exchange on Tuesday while Nickel was the top gainer while lead inventories remained flat. Aluminium prices yesterday rose marginally by 0.18% in futures trade mostly in line with a firming trend in global markets. Besides, increased demand at domestic spot markets also influenced prices. At the MCX, aluminium for delivery in November rose by 20 paisa, or 0.18%, to Rs 114 per kg in business turnover of 18 lots. In a similar manner, the metal for delivery in October traded higher by 15 paisa, or 0.13%, to Rs 112.10 per kg in 288 lots.

Call us at +91-731-6642300


DAILY REPORT 23rd OCTOBER. 2013

NCDEX

RECOMMENDATIONS CASTORSEED

NCDEX INDICES Index

Value

% Change

Barley

1262

-0.39

Castor Seed

3618

+0.22

Chana

3035

+0.63

Chilli

6440

+2.16

Coriander

6608

+0.36

Cotton Seed Oilcake

1508

-1.11

12630

+0.38

Mustard seed

3653

+0.11

Ref Soya Oil

711.4

+0.26

Turmeric

4794

-0.83

Jeera

NCDEX ROUNDUP Government may ban onion exports to check price rise. BUY CASTORSEED NOV ABOVE 3655 TG 3685, 3715 SL 3615 SELL CASTORSEED NOV BELOW 3580 TG 3550, 3520 SL 3620 DHANIYA

The cotton crop for the new season beginning this October to be 38.1 million bales (170 kg each). Even though there is a slight decrease in the acreage of cotton planted, good rains and technological developments are enhancing the overall production of cotton. In restricted activity, potato prices moved down by 0.22% to Rs 893 per quintal in futures trade yesterday as speculators offloaded positions on weak demand in the spot market. Adequate stocks position in the physical market following increased supplies from producing regions also put pressure on potato. At the MCX potato for delivery in March declined by Rs 2, or 0.22%, to Rs 893 per quintal in a business turnover of 15 lots.

BUY DHANIYA NOV ABOVE 6665 TG 6695, 6725 SL 6625 SELL DHANIYA NOV BELOW 6560TG 6530, 6500 SL 6600

YOUR MINTVISORY

Supported by rising demand in the spot markets, chana prices rose by 0.36% to Rs 3,083 per quintal in futures market today as speculators enlarged positions. At the NCDEX, chana for delivery in December rose Rs 11, or 0.36%, to Rs 3,083 per quintal with an open interest of 47,790 lots. In a similar fashion, the commodity for delivery in November gained Rs 9, or 0.30%, to Rs 3,025 in an open interest of 1,02,790 lots.

Call us at +91-731-6642300


DAILY REPORT 23rd OCTOBER. 2013

CURRENCY

RBI Reference Rate Currency

Rate Currency

Rate

Rupee- $

61.7800 Yen-100

62.8600

Euro

84.4855 GBP

99.6573

GBP/INR

CURRENCY ROUNDUP The dollar pulled back from an eight-month low and shares began cautiously on Tuesday as investors awaited delayed U.S. jobs data, half suspecting that this month's acrimonious budget tussle in Washington will have diluted their value. The dollar .DXY added 0.1 percent against a basket of major currencies in early European trading, as investors saw the opportunity to hedge their bets after the greenback's near six percent drop over the last few months. Indian rupee falls to near 1-week low ahead of U.S. nonfarm payroll data. Rupee ends at 61.655/665 per dlr vs 61.52/53 on Monday.

EUR/INR

The dollar was slightly lower against its Japanese counterpart at 98.10 yen, and remained under pressure elsewhere. The euro was at $1.3779, just below Tuesday's peak of $1.3792, its strongest since November 2011. The dollar index last stood at 79.249 .DXY, after it fell to its weakest in eight months at 79.182 on Tuesday, and was within sight of its 2013 low of 78.918 touched in February. the dollar wallowed near a two-year low against the euro on Wednesday after disappointing U.S. jobs data

EUR/INR has closed @84.3625. If it breaks the level of 84.22, it can touch the level of 84.01 & 83.72. If it sustains above 84.75 it can touch the level of 84.92 & 85.15.

The Indian rupee fell to a near one-week low on Tuesday, extending losses for a third session, on month-end dollar demand from importers amid cautious trading ahead of U.S. nonfarm payroll data. A private chemical firm bought around $200 million early in the session and state-run banks bought dollars for meeting the government's defence payments. The partially convertible currency, however, continued to remain supported by foreign fund inflows into local shares. The rupee closed at 61.655/665 per dollar, compared with 61.52/53 on Monday. It fell to 61.83 in session, its lowest since Oct 16. In the offshore non-deliverable forwards, the one-month contract was at 62.14 while the three -month was at 63.13. In the currency futures market, the most-traded near-month dollar/rupee contracts on the National Stock Exchange, the MCX-SX and the United Stock Exchange all closed at around 61.66 with a total traded volume of $1.61 billion.

GBP/INR has closed @99.5275. If it breaks the level of 99.35, it can touch the level of 99.11 & 98.75.If it sustains above 100.30 it can touch the level of 100.75 & 100.95.

YOUR MINTVISORY

Call us at +91-731-6642300


DAILY REPORT 23rd OCTOBER. 2013

CALL REPORT PERFORMANCE UPDATES

Date

Commodity/ Currency Pairs

Contract

Strategy

Entry Level

Target

Stop Loss

Remark BOOKED FULL PROFIT

22/10/13

MCX GOLD

OCT.

BUY

29890

29970-30070

29790

22/10/13

MCX GOLD

DEC.

SELL

29530

29450-29350

29630

NOT EXECUTED

22/10/13

MCX SILVER

OCT.

BUY

49250

49450-49750

48950

BOOKED FULL PROFIT

22/10/13

MCX SILVER

DEC.

SELL

48800

48600-48300

49100

BOOKED PROFIT

22/10/13

NCDEX CASTOR SEED

NOV.

SELL

3570

3540-3510

3610

NOT EXECUTED

22/10/13

NCDEX CASTOR SEED

NOV.

BUY

3635

3665-3695

3595

NO PROFIT NO LOSS

22/10/13

NCDEX DHANIYA

NOV.

BUY

6645

6675-6705

SL TRIGGERED

22/10/13

NCDEX DHANIYA

NOV.

SELL

6540

6510-6480

6605 6580

22/10/13

USD/INR

OCT.

SELL

61.60

61.48-61.34

NOT EXECUTED

22/10/13

USD/INR

OCT.

BUY

61.87

62.00-62.24

BOOKED PROFIT

22/10/13

JPY/INR

OCT.

SELL

62.70

62.55-62.41

NO PROFIT NO LOSS

22/10/13

JPY/INR

OCT.

BUY

63.00

63.14-63.35

NOT EXECUTED

Date

Scrip

CASH/ FUTURE/ OPTION

Strategy

Entry Level

Target

SL TRIGGERED

Stop Loss

Remark

22/10/13

NIFTY

FUTURE

BUY

6200-6220

6265-6285

6175

CALL OPEN

22/10/13

LT

FUTURE

BUY

930

940-950

920

BOOKED PROFIT

22/10/13

ASIANPAINT

FUTURE

BUY

532

539-545

525

SL TRIGERED

22/10/13

JSW HOLSINGS

BUY

472

484-495

460

BOOKED PROFIT

CASH

US ECONOMIC REPORT TIME (ET)

REPORT

PERIOD

ACTUAL

CONSENSUSFORECAST

PREVIOUS

WEDNESDAY, OCT. 23 8:30 am

Import price index

Sept.

--

0.0%

10 am

FHFA home price index

Aug.

--

8.8% y-o-y

THURSDAY, OCT. 24 8:30 am

Weekly jobless claims

10/19

N/A

358,000

8:58 am

Markit flash PMI

Oct.

--

52.8

10 am

New home sales (possibly delayed)

Sept.

427,000

421,00

10 am

Job openings

Aug.

--

3.7 mln

8:30 am 9:55 am

Durable goods orders (possibly delayed) UMich consumer sentiment index

1.7% --

0.1% 75.2

FRIDAY, OCT. 25 Sept. Oct.

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

YOUR MINTVISORY

Call us at +91-731-6642300


Special report by epic research 23 october 2013  

Epicresearch becomes the one of the purest and the finest advisory firm which gives the exact tips regarding trading.and gives accuracy in M...

Advertisement
Read more
Read more
Similar to
Popular now
Just for you