Special report 20 sep 2013 by epic research

DAILY REPORT 20th SEPT. 2013

Global markets at a glance The Fed move not to make any cuts in its USD 85 billionmonthly bond buying program surprised global markets positively.

World Indices

The indexes in Thailand and the Philippines rose more than 3 percent, and the S.&P./ASX 200 index in Australia rose 1.1 percent.

European stock markets also rose early Thursday. The FTSE 100 rose 1.4 percent soon after trading opened in London, and the main indexes in Germany and France rose 1.2 percent.

Wall Street Update J.P. Morgan agreed to pay more than $920 million to settle with the SEC, the Office of the Comptroller of the Currency, the Federal Reserve and the U.K.'s Financial Conduct Authority over a trading blunder that cost the bank more than $6 billion.

Previous day Roundup Market cheered the US Federal Reserve’s decision on bond purchases, lifting the Sensex by 684.48 points to a 34month high of 20646.64 on Thursday and The Nifty gained 216.10 points to close at 6115.55. The market is now keenly awaiting the RBI’s monetary policy on Tomorrow.

Index

Value

% Change

15,636.55

-0.26

S&P 500

1,722.34

-0.18

NASDAQ EURO STO FTSE 100

3,789.38 2,936.20 6,625.39

+0.15 +0.94 +1.01

Nikkei 225 Hong Kong

14,771.62 23,502.51

+0.04 +1.67

DJl

Top Gainers Company

CMP

Change

% Chg

PNB

556.00

46.85

+9.20

BANKBARODA

579.00

48.40

+9.12

JPASSOCIAT

42.40

3.45

+8.86

KOTAKBANK

772.60

57.75

+8.08

1,808.45

134.80

+8.05

CMP

Change

% Chg

1,022.00 3,010.00 297.00

6.80 7.15 0.40

-0.66 -0.24 -0.13

Prev. Close

Change

%Chg

764.00

11.35

+1.51

1,181.00

36.95

+3.23

DENSO

128.00

2.05

+1.63

PGIL

156.15

4.30

+2.83

RCOM

160.40

17.15

+11.97

Prev. Close

Change

%Chg

17.40 83.00

1.90 0.30

-9.84 -0.36

CMP

Change

% Chg

6,115.55 20,646.6

+216.10 +684.48

+3.66 +3.43

SBIN

Top Losers Company

HCLTECH INFY COAL INDIA

Stocks at 52 Week’s high Symbol

Index stats Bank stocks were the star performers of the day, on hopes that the RBI would ease some of the liquidity curbs it had placed in July to protect the rupee. The Bank Nifty & Bankex both gained 6.71% & 6.78% respectively.

BRITANNIA

All the other sectors also resulted upside closing in yesterday’s session; Consumer Durables [up 93.18pts], , Oil & Gas [up 268.68pts], TECK [up 32.73pts], PSU [up 200.18pts], Metals [up 320.41pts], Capital Goods [up 377.54pts], AUTO [up 315.82pts], Healthcare [up 124.04pts], Power [up 39.18pts] REALTY [up 69.86pts], FMCG [up 220.54pts]. all traded upward except IT which was down by 15.28pts.

Stocks at 52 Week’s Low

CRISIL

Symbol

FIRSTLEASE HTMEDIA

Top Losers Company NIFTY SENSEX

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DAILY REPORT 20th SEPT. 2013

EQUITY CASH & FUTURE

STOCK RECOMMENDATIONS [FUTURE] 1. BAJAJ AUTO

STOCK RECOMMENDATION [CASH] 1. CESC

BUY BAJAJ AUTO FUT ABOVE 2070 TGT 2090/2120 SL 2045

BUY CESC CASH ABOVE 335 TGT 339/345 SL 329 MACRO NEWS

2. CAN BANK

The government will decide about capital infusion in public sector banks in the next 10-15 days as stability is returning to the market.

The RBI will release the next Mid-Quarter Review of Monetary Policy 2013-14 at 11.00 a.m. today.

CORPORATE ACTION TODAY

BUY CAN BANK FUT ABOVE 251 TGT 254/259 SL 247

YOUR MINTVISORY

SCRIP

ACTION

Rs. Per Share

LOKESHMACH NATIONALUM PANORAMUNI KARURKCP MADHUCON HSIL RAJTV GULFOILCOR SUNTECK DRDATSONS

DIVIDEND DIVIDEND DIVIDEND DIVIDEND DIVIDEND DIVIDEND DIVIDEND DIVIDEND DIVIDEND DIVIDEND

0.75 0.5 0.5 1 0.1 3 1 2.2 0.18 0.1 Call us at +91-731-6642300

DAILY REPORT FUTURE & OPTION

20th SEPT. 2013

MOST ACTIVE PUT OPTION Symbol

Option Type

Strike Price

LTP

Traded Volume (Contracts)

Open Interest

NIFTY

PE

6,000

30.85

4,51,620

42,99,150

NIFTY

PE

6,100

58.10

4,06,358

33,11,650

NIFTY

PE

5,900

17.20

3,67,845

42,29,450

BANK NIFTY

PE

10,500

50.95

28,794

1,71,550

SBIN

PE

1,700

13.10

6,086

1,88,750

AXISBANK

PE

1,100

21.10

2,183

2,40,500

RELIANCE

PE

880

12.00

3,036

2,03,250

YESBANK

PE

300

2.20

2,616

3,56,000

Strike Price

LTP

Traded Volume (Contracts)

Open Interest

STOCKS IN NEWS Tata Sons, Singapore Airlines to form JV; invest $100 million for carrier in India SBI increases base rate to 9.80 per cent, makes loans costlier Odisha prepares draft pact for Jindal's Rs 42K cr CTL project United States follows India on disclosure of CEOstaff pay ratio at companies.

NIFTY FUTURE

MOST ACTIVE CALL OPTION Symbol

Option Type

NIFTY

CE

6,200

51.05

6,16,501

41,46,350

NIFTY

CE

6,100

100.90

5,64,444

35,54,950

NIFTY

CE

6,300

21.70

3,80,239

36,77,750

BANKNIFTY

CE

11,500

136.10

36,805

2,22,525

SBIN

CE

1,800

60.45

13,544

2,61,125

RELIANCE

CE

900

14.20

7,473

7,59,000

YESBANK

CE

400

17.10

3,865

2,93,000

JPASSOCIAT

CE

45

1.00

4,892

86,52,000

RCOM

CE

160

6.15

3,741

17,68,000

BUY NIFTY ABOVE 6185 TGT 6210/6240 SL 6155

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

196750

5945.99

96948

2935.72

513513

15593.75

3010.27

INDEX OPTIONS

831953

24883.37

800187

23789.59

2485338

75708.65

1093.79

STOCK FUTURES

111285

3300.00

148669

4222.51

1026058

29591.73

-922.51

STOCK OPTIONS

53008

1486.99

55493

1550.74

76932

2199.45

-63.75

TOTAL

3117.79

INDICES NIFTY NIFTYJUNIOR

YOUR MINTVISORY

S2

S1

PIVOT

R1

R2

5997.05

6056.3

6099.4

6158.65

6201.75

11211.08

11353.41

11442.33

11584.66

11673.58

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DAILY REPORT 20th SEPT. 2013

COMMODITY MCX

RECOMMENDATIONS SILVER

COMMODITY ROUNDUP MCX copper futures for November delivery was seen trading down by 1% at Rs. 463.75 per kilogram as of 16.17 IST yesterday, while Comex copper edged up on Thursday and was seen trading positive supported by the statement from the US federal Reserve . Copper futures for December delivery on Globex platform of Comex was seen trading up by 1.83% at $3.34 per pound as of 16.24 IST on Thursday. LME copper for delivery in three months was seen trading up by 1.56% at $7317 per metric ton as of 15.05 IST. India crude oil futures was seen trading down amid appreciation of Indian Rupee against US Dollar. However, a slight up-tick on US crude oil prices limited further fall in the

TRADING STRATEGY: SELL SILVER DEC BELOW 51400 TGTS 51100,50800 SL 518500 BUY SILVER DEC ABOVE 52300 TGTS 52600,52900 SL 51900 GOLD

commodity prices to certain extent on Thursday. MCX crude oil futures for October delivery was seen trading down by 1.61% at Rs. 6721 per barrel as of 15.29 IST. Appreciation of INR against USD was seen pressuring MCX crude oil to certain extent. NYMEX crude oil futures recorded a slight up-tick on Thursday. A decline US crude oil stock-piles was also seen supporting the crude oil prices on NYMEX. US commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 4.4 mn barrels from the previous week as on September 13.

WTI crude oil futures for November delivery on NYMEX was seen trading down by 0.69% at $108.03 per barrel as of 15.56 IST on Thursday.

Weak US Dollar was also seen supporting the bullion commodities to certain extent. India silver futures edged up on Thursday tracking a bullish trend in gold prices in both domestic and global markets. Silver futures for December delivery on Globex platform of Comex was seen trading

TRADING STRATEGY: BUY GOLD OCT ABOVE 30850TGTS 30950,31050 SL 30700 SELL GOLD OCT BELOW 30450TGTS 30350,30250 SL 30580

YOUR MINTVISORY

with a gain of $1.45 at $23.03 per troy ounce as of 15.03 IST. MCX silver futures for December delivery was seen trading up by 2.97% at Rs. 51048 per kg as of 14.51 IST .

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DAILY REPORT 20th SEPT. 2013

NCDEX

RECOMMENDATIONS CASTORSEED

NCDEX INDICES Index

Value

% Change

Castor Seed

3526

+0.51

Chana

2997

-1.51

Chilli

4896

-1.96

Coriander

5585

-0.57

Cotton Seed Oilcake

1785

-1.00

13167.5

+0.08

Mustard seed

3500

+0.26

Ref Soya Oil

617.5

-0.35

Sugar M Grade

2930

-0.61

Turmeric

4530

-0.96

Jeera

NCDEX ROUNDUP UK wheat imports opened 2013-14 at their fastest pace in at least 22 years, confirming market talk of a lingering taste for foreign supplies which has spurred ideas of parSELL CASTORSEED BELOW 3605 TG 3580,3550 SL 3640 BUY CASTORSEED ABOVE 3630 TG 3660,3700 SL 3590

ticular weakness among domestic prices.

DHANIYA

Global agricultural subsidies as a share of farm income edged up last year from a record low the previous year, thanks to a dip in commodity prices and increased farm spending by China and others, OECD noted yesterday.

As per circular from the finance department from Gujarat as on August 29th,2013, the Government of Gujarat exempted Cumin Seed or Jeera fromVAT. Cardamom futures tumbled again on short selling by speculators. Weak export demand amid weak trend in the spices complex added selling. MCX Cardamom for the October delivery ended the day at Rs 762, down Rs 6.20 or 0.81%. The average cardamom prices in the auction held at Header Systems (India) Limited, Nedumkandam quoted at Rs 614.96 a kg with the arrivals and offtakes were at 74.23

SELL DHANIYA BELOW 5715 TG 5690,5650 SL 5750 BUY DHANIYA ABOVE 5770 TG 5800,5840 SL 5730

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and 71.04 tonnes respectively.

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DAILY REPORT 20th SEPT. 2013

CURRENCY

RBI Reference Rate Currency

Rate Currency

Rate

Rupee- $

61.7480 Yen-100

62.7400

Euro

83.5460 GBP

99.5625

GBP/INR

CURRENCY ROUNDUP

Currency markets cheered the U.S. Federal Reserve decision to maintain bond buying and opened higher on Thursday as markets across Asia rallied. The local rupee currency under severe pressure against the U.S. dollar and others this year--strengthened.

The rupee gained as much as 2.7% to 61.66 against the U.S. dollar. The local currency has fallen as much as 22% against the dollar since the start of May but has gained over the past few weeks but is still down about 13%.

SELL GBP/INR BELOW 99.45 TGT 99.25/99.00 SL 99.65 BUY GBP/INR ABOVE 100.20 TGTS 100.50/101.00 SL 99.90 USD/INR

The rupee surged 2.6 percent on Thursday, hitting its highest in nearly five weeks, as the U.S. Federal Reserve's decision not to dial back its easy money policy is expected to provide a reprieve to the Reserve Bank of India (RBI) in its policy making .

Bonds rallied with the benchmark 10-year yield falling to 8.14 pct, its lowest since Aug 8. It closed at 8.19 percent, down 18 bps.

A resurgence of inflation to a six-month high in August has muddied waters for the central bank, which has been battling a falling rupee and trying to revive the economy with growth having slumped to a decade low.

BUY USD/INR ABOVE 62.20 TGT 62.50/63.00 SL 61.90 SELL USD/INR ABOVE 61.50 TGTS 61.30/61.00 SL 61.75

YOUR MINTVISORY

The dollar dropped a full yen to 98.15, a move that might restrain any rally in Japanese equities. Against a basket of currencies, the dollar shed a full percentage point .

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DAILY REPORT 20th SEPT. 2013

CALL REPORT PERFORMANCE UPDATES

Date 19/09/13 19/09/13 19/09/13 19/09/13 19/09/13 19/09/13 19/09/13 19/09/13 19/09/13 19/09/13 19/09/13 19/09/13 Date

Commodity/ Currency

Contract

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

OCT. DEC. OCT. DEC. SEP SEP SEP SEP SEP SEP SEP SEP CASH/ FUTURE/ OPTION FUTURE FUTURE FUTURE

Scrip

19/09/13 19/09/13 19/09/13

NIFTY ORIENTAL BANK YESBANK

19/09/13

PANACEA BIOTECH

CASH

Strategy

Entry Level

Target

Stop Loss

Remark

BUY BUY SELL SELL BUY SELL BUY SELL SELL SELL BUY BUY

30200 49950 29800 49200 3610 3580 5820 5770 63.00 100.30 63.90 101.60

30300-30400 50250-50550 29700-29600 48900-48600 3640-3680 3550-3510 5850-5890 5745-5710 62.66-62.20 99.87-99.40 64.43-64.67 101.87-102.24

30100 49450 29920 49600 3570 3590 5780 5810

BOOKED FULL PROFIT BOOKED FULL PROFIT NOT EXECUTED NOT EXECUTED NO PROFIT NO LOSS BOOKED PROFIT NOT EXECUTED BOOKED FULL PROFIT NOT EXECUTED NOT EXECUTED NOT EXECUTED NOT EXECUTED

Strategy

Entry Level

Target

Stop Loss

Remark

BUY BUY BUY

5900-5920 173-175 315-320

5950-5980 178-181 325-335

5860 169 300

NOT EXECUTED BOOKED FULL PROFIT NOT EXECUTED

BUY

135

139-145

128

BOOKED FULL PROFIT

US ECONOMIC REPORT TIME (ET)

REPORT

PERIOD

ACTUAL

CONSENSUS FORECAST

PREVIOUS

THURSDAY, SEPT. 19 8:30 AM

WEEKLY JOBLESS CLAIMS

9/14

N/A

N/A

10 AM

EXISTING HOME SALES

AUG.

5.30

5.39 MLN

10 AM

PHILLY FED

SEPT.

11.8

9.3

10 AM

LEADING INDICATORS

AUG.

0.4%

12 noon

FINANCIAL ACCOUNTS

Q2

0.6%

FRIDAY, SEPT. 20 NONE SCHEDULED

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