Special report by epic reseach 4 october 2013

DAILY REPORT 04th OCTOBER. 2013

Global markets at a glance Asian shares closed mostly higher Thursday, casting aside concerns over a partial shutdown of the U.S. govt. & instead focusing on an encouraging reading on nonmanufacturing activity in China. Trading in Hong Kong ended with a 1% gain for the Hang Seng Index +1.00% , Australia’s S&P/ASX 200 +0.37% rose 0.4%. Japan's Nikkei stock average dropped for a second day. The Nikkei shed 0.1% to 14,157.25, staying below its 25-day moving average of 14,242.79.

World Indices

European equities inched higher on Thursday, recovering after the previous session's declines. The FTSEurofirst 300 was up 0.2% at 1,249.55 points by 0729 GMT, having dropped 0.7% on Wednesday. The euro zone's blue-chip Euro STOXX 50 rose 0.1% to 2,921.04 points.

Top Gainers

Wall Street Update US economic growth is expected to weaken by 0.2% following the Government shutdown. The shutdown of the U.S. government appeared likely to drag on for another week and possibly longer as lawmakers consumed day three of the shutdown with a stalling game and there was no end in sight until the next crisis hits Washington around October 17

AXISBANK

Previous day Roundup The market ended the day with a spectacular rally. The Sensex closed up 384.92 points or 1.97 percent at 19902.07. The Nifty ended at 5909.70, up 129.65 points or 2.24 percent.

About 1446 shares have advanced, 923 shares declined, and 152 shares were unchanged.

Index stats Bank Nifty & Bankex both advanced 3.44% & 3.41% respectively, the sectors which were in positive move with Nifty in yesterday’s session were; Consumer Durables [up 82.67pts], IT [up 187.73pts], Capital Goods [up 220.84pts], AUTO [up 263.75pts], Healthcare [up 90.94pts], Power [up 23.71pts], Oil & Gas [up 200.54pts], TECK [up 100.99pts], PSU [up 95.47pts], Metals [up 328.90pts], REALTY [up 23.92 pts] traded upward, except FMCG stocks which were the only laggards FMCG [down 60.40pts].

YOUR MINTVISORY

Index

Value

% Change

14,996.48

-0.90

S&P 500

1,678.66

-0.90

NASDAQ EURO STO FTSE 100

3,774.34 2,902.12 6,449.04

-1.07 -0.55 +0.18

Nikkei 225 Hong Kong

14,077.27 23,114.67

-0.56 -0.43

DJl

Company

CMP

Change

% Chg

SESA GOA

188.00

12.75

+7.28

JPASSOCIAT

37.25

2.30

+6.58

AMBUJACEM

191.15

11.15

+6.19

1,102.80

58.70

+5.62

524.65

26.25

+5.27

CMP

Change

% Chg

HINDUNILVR

608.00

11.20

-1.81

ITC

339.05

3.95

-1.15

Prev. Close

Change

%Chg

1,276.70

28.70

+2.30

AUROPHARMA

210.80

209.00

+0.86

CEATLTD

138.85

10.20

+7.93

CINEMAXIN

230.10

10.95

+5.00

DENSO

138.00

4.30

+3.22

Prev. Close

Change

%Chg

99.15

5.20

-4.98

117.50

6.15

-4.97

CMP

Change

% Chg

5,909.70

+129.65

+2.24

19,902.07

+384.92

+1.97

BANKBARODA

Top Losers Company

Stocks at 52 Week’s high Symbol

ABIRLANUVO

Stocks at 52 Week’s Low Symbol

ERAINFRA TBZ

Indian Indices Company NIFTY SENSEX

Call us at +91-731-6642300

DAILY REPORT 04th OCTOBER. 2013

EQUITY CASH & FUTURE

STOCK RECOMMENDATIONS [FUTURE] 1. BANK OF BARODA

STOCK RECOMMENDATION [CASH] 1. BANK OF INDIA

BANK OF BARODA is looking strong on charts, long build up has been seen, we may see more upside, if it continues to sustain above 520. We advise buying around 525-530 levels with strict stop loss of 505 for the targets of 538-545 levels.

BANK OF INDIA is looking strong on charts . We advise buying above 175 with strict stop loss of 170 for the targets of 179-182 levels.

2. AXIS BANK

MACRO NEWS The FM may have to slice at least Rs 20000 crore ($3.2 bn) from govt. spending to prevent a budget blow-out, which could threaten to send country's credit rating into "junk" status.

India's coffee exports dropped 5% in the 2012-13 marketing year on sluggish prices and lower supplies.

Government data released on Monday show that the deficit for the first five months of the fiscal year climbed to 4.05 trillion rupees, around 20% higher than a year earlier. More importantly, it is already 75% of the total planned deficit for the full year.

AXIS BANK is looking strong on charts, long build up has been seen, we may see more upside, if it continues to sustain above 1100 . We advise buying around 1100-1110 levels with strict stop loss of 1085 for targets of 1135-1150 levels.

YOUR MINTVISORY

In U.S. United Technologies Corp., a major defense contractor, said it would furlough nearly 2,000 workers if the shutdown lasted into next week and 2,000 more if it continued through the entire week.

Indian shares are likely to be influenced by the result of a monthly survey on the performance of India's services sector for September 2013 on October 4.

Call us at +91-731-6642300

DAILY REPORT FUTURE & OPTION

04th OCTOBER. 2013

STOCKS IN NEWS Infosys signs a multi-year contract with Toyota Motor Europe.

Essar Energy intends to exit Kenya Petroleum.

Bajaj Auto to raise prices by Rs 500 to Rs 5000.

Bharti Airtel shareholders approve selling DCMS business for Rs 177 cr.

Lupin launches generic solution for conjunctivitis in US.

MOST ACTIVE PUT OPTION Symbol

Option Type

Strike Price

LTP

Traded Volume (Contracts)

Open Interest

NIFTY

PE

5,700

69.60

1,67,894

46,86,600

NIFTY

PE

5,800

94.00

1,58,705

41,99,000

NIFTY

PE

5,600

50.75

1,26,116

36,55,950

BANK NIFTY

PE

9,500

75.00

9,517

2,18,725

SBIN

PE

1,600

49.20

3,309

2,35,375

INFY

PE

3,000 171.75

1,145

1,73,000

RELIANCE

PE

820

14.45

1,352

1,69,750

MCDOWELL-N

PE

2,500

98.50

1,177

1,28,625

Strike Price

LTP

Traded Volume (Contracts)

Open Interest

NIFTY FUTURE

MOST ACTIVE CALL OPTION Symbol

Option Type

NIFTY

CE

6,100

88.50

2,51,372

39,18,750

NIFTY

CE

6,000

133.70

2,11,067

36,65,450

NIFTY

CE

6,200

54.95

1,51,578

23,33,900

BANKNIFTY

CE

11,000

159.00

11,335

1,93,950

SBIN

CE

1,700

62.10

5,824

2,19,750

RELIANCE

CE

860

25.75

2,540

3,17,000

DLF

CE

150

6.20

1,644

16,05,000

MCDOWELL-N

CE

2,600

77.00

1,893

1,13,375

AXISBANK

CE

1,100

70.10

1,957

2,48,500

Nifty Future as expected closed in the green in the last trading session. We advise buying on dips around 5950 -5940 with strict stop loss of 5900 for the targets of 5980-5990 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

67690

1962.61

59267

1729.72

421461

12325.18

232.89

INDEX OPTIONS

383898

11129.91

367589

10631.31

1668038

49160.30

498.60

STOCK FUTURES

59051

1654.88

67149

1853.71

904233

25360.35

-198.83

STOCK OPTIONS

25873

668.41

24778

631.42

43521

1161.05

36.99

TOTAL

569.64

INDICES NIFTY NIFTYJUNIOR

YOUR MINTVISORY

S2

S1

PIVOT

R1

R2

5761.76

5835.73

5876.66

5950.63

5991.56

11267.61

11377.78

11450.06

11560.23

11632.51

Call us at +91-731-6642300

DAILY REPORT 04th OCTOBER. 2013

COMMODITY MCX

RECOMMENDATIONS SILVER

COMMODITY ROUNDUP The standoff over a continuing resolution to the budget is now in its third day, and the impasse on Wednesday undercut the dollar and supported gold. Gold futures rebounded on Thursday from their lowest level in two weeks, tracking gains in overseas prices, though a strong rupee limited the upside. Despite the price rise, demand improved slightly as jewelers were seen placing orders for the peak festive season. At 2:57 p.m., the benchmark October gold contract the Multi Commodity Exchange (MCX) was 1.21 percent higher at 29,886 rupees per 10 grams. It hit a low of 29,352 rupees on Tuesday, a level last seen on September 18.

Crude oil slipped to around USD 109 a barrel on Thursday on worries that a prolonged US government shutdown

TRADING STRATEGY: BUY SILVER ABOVE 48900TGTS 49200/49500SL 48400 SELL SILVER BELOW 48400 TGTS 48100/47800 SL 48900

would hurt demand in the world's biggest oil consumer. US

GOLD

tial shutdown of the US government may reduce the crude

crude oil prices remained weak on Thursday amid higher than expected crude oil stock-piles, and concerns that paroil demand from the world's largest economy.

However, slight positive data from Europe and China may have limited further decline in the commodity prices to some extent. WTI crude oil for November delivery on NYMEX was seen trading down by 0.24% at $103.88 per barrel as of 16.12 IST on Thursday.

India crude oil futures recorded a slight up-tick on Thursday despite a weak trend on NYMEX. MCX crude oil futures for October delivery was seen trading up by 0.96% at Rs. 6437 per barrel as of 16.23 IST on Thursday.

Chinese markets will remain closed this week on account of National Day and this may have pressured crude oil de-

TRADING STRATEGY: BUY GOLD ABOVE 29620 TGTS 29720/29820 SL 2950 SELL GOLD BELOW 29350 TGTS 29250/ 29150 SL 29480

YOUR MINTVISORY

mand in the global market. Chinese non-manufacturing purchasing managers' index increased to 55.4 and hit a six month high in September

Call us at +91-731-6642300

DAILY REPORT 04th OCTOBER. 2013

NCDEX

RECOMMENDATIONS CASTORSEED

NCDEX INDICES Index

Value

% Change

Barley

1242

-1.27

Castor Seed

3442

-2.55

Chana

2901

+0.28

Chilli

5862

+0.83

Coriander

6120

+1.61

Cotton Seed Oilcake

1477

-0.94

12605

-2.06

3495

-1.88

684

-1.48

4678

-0.85

Jeera Mustard seed Ref Soya Oil Turmeric

BUY CASTORSEED ABOVE 3480 TG 3510,3540 SL 3440 SELL CASTORSEED BELOW 3410 TG 3380,3350 SL 3450 DHANIYA

NCDEX ROUNDUP The US commodity regulator, Commodity Futures Trading Commission (CFTC) has said that it will not produce public reports such as cotton on call, Commitment of Traders and the Bank Participation Report following the US Government shutdown. The CFTC move not to publish COT and other relevant market reports deprives participants in the world's biggest derivative markets for energy and agricultural products of price-moving information about the positions of other producers, consumers and speculators.

The looming debt-ceiling debate is adding to worries about a partial U.S. government shutdown already occurring over a continuing resolution over the budget.

Of the various parts of agricultural GDP, cereals (wheat, rice, maize, etc.) are the most impacted by MSPs and also have the best data available. Not surprisingly, they are the most analyzed. But they were 21% of agricultural output in FY05 (milk, fruits & vegetables are as important), and are likely lower now. They also matter less for inflation, which is currently all about fruits & vegetables and meat.

BUY DHANIYA ABOVE 6210 TG 6240,6270 SL 6170 SELL DHANIYA BELOW 6050 TG 6020,5990 SL 6090

YOUR MINTVISORY

Per capita consumption of cereals has been falling in India for decades, as automation reduces need for calories. The decline per capita now exceeds population growth implying flat cereal demand. But production is still rising with improving yields, creating surpluses. Inventory of cereals is at record levels despite exports surging from US$2 bn in CY09 to US$10 bn (CY13 ann.).

Call us at +91-731-6642300

DAILY REPORT 04th OCTOBER. 2013

CURRENCY

RBI Reference Rate Currency

Rate Currency

Rupee- $

61.9348 Yen-100

Euro

84.2360 GBP

EUR/INR

EUR/INR has closed @84.4850. If it breaks 84.35, it can touch the level of 84.03 & 83.60. If it sustains above the level of 85.60, it can touch the level of 86.00 & 86.30.

USD/INR

Rate

63.4300 100.4397

CURRENCY ROUNDUP The rupee gained 5% last month, snapping a four-month losing streak and showing its biggest monthly gain since September 2012, helped largely by the Federal Reserve's surprise decision to continue with its bond purchases. However, the consensus forecast from 25 strategists was that the rupee would be around 63.00 to the dollar by the end of October, 64.00 in six months and 64.25 by September next year. The Indian rupee logged its biggest gain in two weeks on Thursday, helped by foreign fund inflows and bets that a prolonged shutdown of the U.S. government would further delay any tapering of the Federal Reserve's massive stimulus.

Foreign funds were net buyers of over $2 billion in Indian equities in September, the first month of positive purchases after May as foreign money returned to risk assets on the Fed's assurance it would stick to its $85 billion monthly bond purchases. Inflows via the central bank's two concessional forex swap facilities to lenders totaled $3.6 billion till Monday, also helping to stabilize the rupee.

The rupee also got some tailwind from the global dollar, which has been on a losing streak as most investors and speculators cut long bets on the greenback as the U.S. government shutdown drags on. 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 63.14 with total traded volume of $1.98 billion.

USD/INR has closed @62.1375. If it breaks 62.05, it can touch the level of 61.90 & 61.56. If it sustains above the level of 62.95 it can touch the level of 63.25 & 63.61.

YOUR MINTVISORY

The dollar was also hurt by slower growth in the U.S. services sector in September. The euro was steady at $1.3630, not far from an eight-month high of $1.36465 touched on Thursday. The common currency was also aided by the European Central Bank's apparent lack of concern over the euro's recent strength and better-thanexpected euro zone data.

Call us at +91-731-6642300

DAILY REPORT 04th OCTOBER. 2013

CALL REPORT PERFORMANCE UPDATES

Date 03/10/13 03/10/13 03/10/13 03/10/13 03/10/13 03/10/13 03/10/13 03/10/13 03/10/13 03/10/13 03/10/13 03/10/13 Date

Commodity/ Currency Contract Strategy Entry Level Pairs MCX GOLD MCX GOLD MCX SILVER MCX SILVER NCDEX CASTOR SEED NCDEX CASTOR SEED NCDEX DHANIYA NCDEX DHANIYA USD/INR EUR/INR USD/INR EUR/INR Scrip

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

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

29200 28880 48150 47750 3500 3560 6055 5760 62.80 85.00 63.25 85.65

Target

Stop Loss

Remark

29300-29400 28780-28680 48450-48750 47450-47150 3470-3440 3590-3620 6085-6115 5735-5700 62.65-62.25 84.75-84.20 63.42-63.61 85.95-86.35

29080 29000 47850 48150 3530 3520 6005

BOOKED PROFIT NOT EXECUTED BOOKED FULL PROFIT NOT EXECUTED BOOKED FULL PROFIT NOT EXECUTED BOOKED PROFIT NOT EXECUTED BOOKED FULL PROFIT BOOKED PROFIT NOT EXECUTED NOT EXECUTED

Target

Stop Loss

Remark

CASH/ FUTURE/ Strategy Entry Level OPTION

5800

03/10/13

NIFTY

FUTURE

BUY

5800-5825

5850-5880

5750

NOT EXECUTED

03/10/13 03/10/13

AUROPHARMA TATA GLOBAL

FUTURE FUTURE

BUY BUY

209-210 150-151

214-218 154-155

205 147

BOOKED PROFIT BOOKED FULL PROFIT

03/10/13

AMARAJA BATT

CASH

BUY

315

320-330

305

NOT EXECUTED

US ECONOMIC REPORT TIME (ET)

REPORT

PERIOD

ACTUAL

CONSENSUS FORECAST

PREVIOUS

FRIDAY, OCT. 4 8:30 am

Nonfarm payrolls

Sept.

180,000

169,000

8:30 am

Unemployment rate

Sept.

7.3%

7.3%

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 r eading 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