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Epic Research adopts multiple ways to analyze the markets and statistics to follow economic trends. Epic also provides daily market updates to help you make informed decisions, and will give you trading signals and advice to meet your individual trading needs.
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DAILY REPORT
20th SEPT. 2013
YOUR MINTVISORY Call us at +91-731-6642300
Global markets at a glance
The Fed move not to make any cuts in its USD 85 billion-
monthly bond buying program surprised global markets
positively.
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 Cur-
rency, the Federal Reserve and the U.K.'s Financial Con-
duct 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 Tomor-
row.
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.
All the other sectors also resulted upside closing in yester-
day’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.
World Indices
Index Value % Change
D J l 15,636.55 -0.26
S&P 500 1,722.34 -0.18
NASDAQ 3,789.38 +0.15
EURO STO 2,936.20 +0.94
FTSE 100 6,625.39 +1.01
Nikkei 225 14,771.62 +0.04
Hong Kong 23,502.51 +1.67
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
SBIN 1,808.45 134.80 +8.05
Top Losers
Company CMP Change % Chg
HCLTECH 1,022.00 6.80 -0.66
INFY 3,010.00 7.15 -0.24
COAL INDIA 297.00 0.40 -0.13
Stocks at 52 Week’s high
Symbol Prev. Close Change %Chg
BRITANNIA 764.00 11.35 +1.51
CRISIL 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
Top Losers
Company CMP Change % Chg
NIFTY 6,115.55 +216.10 +3.66
SENSEX 20,646.6 +684.48 +3.43
Stocks at 52 Week’s Low
Symbol Prev. Close Change %Chg
FIRSTLEASE 17.40 1.90 -9.84
HTMEDIA 83.00 0.30 -0.36
DAILY REPORT
20th SEPT. 2013
YOUR MINTVISORY Call us at +91-731-6642300
STOCK RECOMMENDATIONS [FUTURE] 1. BAJAJ AUTO
BUY BAJAJ AUTO FUT ABOVE 2070 TGT 2090/2120 SL 2045
2. CAN BANK
BUY CAN BANK FUT ABOVE 251 TGT 254/259 SL 247
STOCK RECOMMENDATION [CASH] 1. CESC
BUY CESC CASH ABOVE 335 TGT 339/345 SL 329
MACRO NEWS 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.
EQUITY CASH & FUTURE
CORPORATE ACTION TODAY
SCRIP ACTION Rs. Per Share
LOKESHMACH DIVIDEND 0.75
NATIONALUM DIVIDEND 0.5
PANORAMUNI DIVIDEND 0.5
KARURKCP DIVIDEND 1
MADHUCON DIVIDEND 0.1
HSIL DIVIDEND 3
RAJTV DIVIDEND 1
GULFOILCOR DIVIDEND 2.2
SUNTECK DIVIDEND 0.18
DRDATSONS DIVIDEND 0.1
DAILY REPORT
20th SEPT. 2013
YOUR MINTVISORY Call us at +91-731-6642300
FUTURE & OPTION
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
MOST ACTIVE CALL OPTION
Symbol Option
Type
Strike
Price
LTP Traded
Volume
(Contracts)
Open
Interest
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
FII DERIVATIVES STATISTICS
BUY OPEN INTEREST AT THE END OF THE DAY SELL
No. of
Contracts Amount in
Crores No. of
Contracts Amount in
Crores No. of
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 S2 S1 PIVOT R1 R2
NIFTY 5997.05 6056.3 6099.4 6158.65 6201.75
NIFTYJUNIOR 11211.08 11353.41 11442.33 11584.66 11673.58
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 CEO-staff pay ratio at companies.
NIFTY FUTURE
BUY NIFTY ABOVE 6185 TGT 6210/6240 SL 6155
DAILY REPORT
20th SEPT. 2013
YOUR MINTVISORY Call us at +91-731-6642300
RECOMMENDATIONS
SILVER
TRADING STRATEGY: SELL SILVER DEC BELOW 51400 TGTS 51100,50800 SL 518500 BUY SILVER DEC ABOVE 52300 TGTS 52600,52900 SL
51900
GOLD
TRADING STRATEGY: BUY GOLD OCT ABOVE 30850TGTS 30950,31050 SL 30700 SELL GOLD OCT BELOW 30450TGTS 30350,30250 SL 30580
COMMODITY ROUNDUP
MCX copper futures for November delivery was seen trad-
ing 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 Decem-
ber delivery on Globex platform of Comex was seen trad-
ing 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 appre-
ciation of Indian Rupee against US Dollar. However, a slight
up-tick on US crude oil prices limited further fall in the
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. Ap-
preciation of INR against USD was seen pressuring MCX
crude oil to certain extent. NYMEX crude oil futures re-
corded 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 com-
modities to certain extent. India silver futures edged up on
Thursday tracking a bullish trend in gold prices in both do-
mestic and global markets. Silver futures for December
delivery on Globex platform of Comex was seen trading
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 .
COMMODITY MCX
DAILY REPORT
20th SEPT. 2013
YOUR MINTVISORY Call us at +91-731-6642300
RECOMMENDATIONS CASTORSEED
SELL CASTORSEED BELOW 3605 TG 3580,3550 SL 3640 BUY CASTORSEED ABOVE 3630 TG 3660,3700 SL 3590
DHANIYA
SELL DHANIYA BELOW 5715 TG 5690,5650 SL 5750 BUY DHANIYA ABOVE 5770 TG 5800,5840 SL 5730
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 par-
ticular weakness among domestic prices.
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 ex-
empted 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 Oc-
tober 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
and 71.04 tonnes respectively.
NCDEX
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
Jeera 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
DAILY REPORT
20th SEPT. 2013
YOUR MINTVISORY Call us at +91-731-6642300
GBP/INR
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
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
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%.
The rupee surged 2.6 percent on Thursday, hitting its
highest in nearly five weeks, as the U.S. Federal Re-
serve'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 Au-
gust 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 dec-
ade low.
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 .
CURRENCY
RBI Reference Rate
Currency Rate Currency Rate
Rupee- $ 61.7480 Yen-100 62.7400
Euro 83.5460 GBP 99.5625
DAILY REPORT
20th SEPT. 2013
YOUR MINTVISORY Call us at +91-731-6642300
CALL REPORT
Disclaimer
US ECONOMIC REPORT
PERFORMANCE UPDATES
Date Commodity/ Currency Contract Strategy Entry Level Target Stop Loss Remark
19/09/13 MCX GOLD OCT. BUY 30200 30300-30400 30100 BOOKED FULL PROFIT
19/09/13 MCX SILVER DEC. BUY 49950 50250-50550 49450 BOOKED FULL PROFIT
19/09/13 MCX GOLD OCT. SELL 29800 29700-29600 29920 NOT EXECUTED
19/09/13 MCX SILVER DEC. SELL 49200 48900-48600 49600 NOT EXECUTED
19/09/13 NCDEX CASTOR SEED SEP BUY 3610 3640-3680 3570 NO PROFIT NO LOSS
19/09/13 NCDEX CASTOR SEED SEP SELL 3580 3550-3510 3590 BOOKED PROFIT
19/09/13 NCDEX DHANIYA SEP BUY 5820 5850-5890 5780 NOT EXECUTED
19/09/13 NCDEX DHANIYA SEP SELL 5770 5745-5710 5810 BOOKED FULL PROFIT
19/09/13 USD/INR SEP SELL 63.00 62.66-62.20 NOT EXECUTED
19/09/13 GBP/INR SEP SELL 100.30 99.87-99.40 NOT EXECUTED
19/09/13 USD/INR SEP BUY 63.90 64.43-64.67 NOT EXECUTED
19/09/13 GBP/INR SEP BUY 101.60 101.87-102.24 NOT EXECUTED
Date Scrip
CASH/
FUTURE/
OPTION
Strategy Entry Level Target Stop Loss Remark
19/09/13 NIFTY FUTURE BUY 5900-5920 5950-5980 5860 NOT EXECUTED
19/09/13 ORIENTAL BANK FUTURE BUY 173-175 178-181 169 BOOKED FULL PROFIT
19/09/13 YESBANK FUTURE BUY 315-320 325-335 300 NOT EXECUTED
19/09/13 PANACEA BIOTECH
CASH BUY 135 139-145 128 BOOKED FULL PROFIT
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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% 0.6%
12 noon FINANCIAL ACCOUNTS Q2
FRIDAY, SEPT. 20
NONE SCHEDULED
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