SPECIAL REPORT BY EPIC RESEARCH 29 October 2013.pdf

7/27/2019 SPECIAL REPORT BY EPIC RESEARCH 29 October 2013.pdf

1/7

DAILY REPORT

29th

OCTOBER. 2013

YOUR MINTVISORY Call us at +91-731-6642300

Global markets at a glance

A key pan-European equity index climbed back towards a 5

-year peak on Monday, while Germany's DAX touched a

fresh record high, as solid corporate earnings lifted re-

gional stock markets. The pan-European FTSEurofirst 300

index rose 0.2 percent to 1,287.52 points in early session

trade, close to a 5-year high of 1,291.93 points. The euro

zone's blue-chip Euro STOXX 50 index advanced by 0.2 per-

cent to 3,040.19 points.

On Monday, S&P 500 futures rose 2.4 points and were

above fair value. Dow Jones industrial average futures

added 45 points and Nasdaq 100 futures rose 9.75 points.

Asian stocks erased losses after China injected cash into

the money-market for the first time in two weeks.

Wall Street Update

U.S. stock index futures edged higher on Monday, indicat-

ing that the rally that took major indexes to record highs

would continue as investors continued to digest corporate

earnings results.

Previous day Roundup

After a volatile session, the market ended on a lower levels

ahead of the RBI monetary policy review. The

BSE Sensex fell on Monday for a fifth consecutive session

to mark its lowest close in nearly 1-1/2 weeks, as lenders

and other interest rate-sensitive shares declined. The Sen-

sex ended 113.24 points down at 20570.28, and the Nifty

ended at 6101.10, down 43.80 points. About 990 shares

advanced, 1405 shares declined, and 157 shares were un-

changed.

Index stats

Bank Nifty & Bankex both declined 1.13% & 1.20% respec-

tively, the sectors which were in positive move in yester-

days session were; Consumer Durables [up 76.69pts],

Capital Goods [up 87.22pts], Oil & Gas [up 27.25pts] traded

upward rest all sectors; AUTO [down 4.33pts], Healthcare

[down 88.26pts], FMCG [down 175.31pts]. Power [down

18.26pts] IT [down 31.81pts], TECK [down 31.07pts], PSU

[down 44.09pts], Metals [down 146.58pts], REALTY [down

27.85pts] traded downward.

World Indices

Index Value % ChangeD J l 15,568.93 -0.01

S&P 500 1,762.11 +0.13

NASDAQ 3,940.13 -0.41

EURO STO 3,022.04 +0.07

FTSE 100 6,725.82 -0.08

Nikkei 225 14,383.66 -0.09

Hong Kong 22,926.49 +0.53

Top Gainers

Company CMP Change % Chg

LT 965.45 17.95 +1.89

ONGC 288.25 4.30 +1.51

HDFC 821.90 12.10 .+1.49

WIPRO 483.80 2.70 +0.56

KOTAKBANK 708.50 3.60 +0.51

Top Losers


JP ASSOCIAT 43.25 2.45 -5.36

BANKBARODA 568.15 26.25 -4.42

ITC 326.70 13.35 -3.93

PNB 478.10 18.55 -3.74

DLF 146.05 5.40 -3.57Stocks at 52 Weeks high

Symbol Prev. Close Change %Chg

AJANTAPHARM 843.35 114.80 -15.76

DABUR 176.00 6.00 -3.29

GALLISPAT 343.95 0.95 -0.28

MINDTREE 1,385.00 36.20 -2.55

REPCOHOME 291.00 1.40 -0.48

Indian Indices


NIFTY 6,101.10 -43.80 -0.71

SENSEX 20,570.28 -113.24 -0.55

Stocks at 52 Weeks Low

Symbol Prev. Close Change %Chg

COX&KINGS 87.45 0.10 -0.11

MYSOREBANK 426.00 -18.05 -4.06
http://www.epicresearch.co/


2/7

DAILY REPORT

29th

OCTOBER. 2013


STOCK RECOMMENDATIONS [FUTURE]1. TITAN

TITAN FUTURE is looking weak on charts, long build up has

been seen, we may see more upside, if it continues to sus-

tain above 250. We advise buying around 250 levels with

strict stop loss of 246 for the targets of 254-258 levels.

2 BANK OF BARODA

BANK OF BARODA FUTURE is looking weak on charts, short

build up has been seen, we may see more downside, if it

continues to sustain below 565. We advise selling below565 levels with strict stop loss of 575 for the targets of 555 -

545

STOCK RECOMMENDATION [CASH]

1. TATA ELXSI

TATA ELXSI is looking strong on charts . We advice buying

above 232 with strict stop loss of 223 for the targets of 242-

250 levels.

MACRO NEWS RBI CREDIT POLICY will be announced today.

Dabur India mildly beat Dalal Street expectations with

second quarter (July-Sept) consolidated net profit rising

23.4% YoY to Rs 249.7 cr, driven by strong growth

across key categories. Net sales grew 14.8% YoY to Rs

1,754 cr in three months period ended Sept.

Bharti Infratels consolidated net profit rose to 2.77 bil-

lion rupees ($45 million) for its fiscal second quarter

ended Sept. 30 from 2.48 billion rupees.

Govt. has cleared 13 FDI proposals totaling Rs 1,258 cr

and referred Axis Bank's proposal for increasing foreign

equity amounting to about Rs 6,266 cr.

Syndicate Bank today reported a marginal 1.51% rise

in net profit to Rs 470 cr for Q2 ended Sept 2013 com-

pared to Rs 463 cr in the same quarter last year.

The Federal Reserve starts its two-day policy meeting

on Tuesday and is widely expected to keep its bond-

buying stimulus unchanged at $85 billion per month.

Most expect the central bank will delay withdrawing

stimulus until March 2014.

Maruti Suzuki surpassed expectations on every parame-

ter with Q2 (July-Sept) net profit growing 6% QoQquar-

ter (up 3 times Yoy) to Rs 670 cr

EQUITY CASH & FUTURE


3/7

DAILY REPORT

29th

OCTOBER. 2013


FUTURE & OPTION

MOST ACTIVE PUT OPTION

Symbol Option

Type

Strike

Price

LTP Traded

Volume

(Contracts)

Open

Interest

NIFTY PE 6,100 47.35 5,24,848 48,18,450

NIFTY PE 6,000 17.60 3,35,007 67,50,050

NIFTY PE 6,200 107.10 2,25,746 23,90,000

BANK NIFTY PE 10,500 80.00 22,716 2,14,000

SBIN PE 1,700 43.00 6,500 1,71,625

DLF PE 150 5.70 2,236 6,13,000

RELIANCE PE 900 14.00 3,714 2,60,250

ICICIBANK PE 1,000 11.50 2,354 3,37,500

MOST ACTIVE CALL OPTION

Symbol Option

Type

Strike

Price

LTP Traded

Volume

(Contracts)

Open

Interest

NIFTY CE 6,200 18.50 5,45,545 64,47,700

NIFTY CE 6,300 4.60 3,16,286 65,78,200

NIFTY CE 6,100 56.05 2,78,563 33,73,500

BANKNIFTY CE 11,000 91.00 40,278 3,22,800

SBIN CE 1,750 7.50 7,530 4,51,750

RELIANCE CE 900 5.45 6,556 9,06,500

INFY CE 3,400 6.30 5,781 10,20,500

MCDOWELL-N CE 2,700 6.00 2,424 1,96,500

ICICI BANK CE 1,060 3.90 2,396 4,04,500

FII DERIVATIVES STATISTICS

BUY OPEN INTEREST AT THE END OF THE DAYSELL

No. ofContracts

Amount inCrores

No. ofContracts

Amount inCrores

No. ofContracts

Amount inCrores

NET AMOUNT

INDEX FUTURES 126201 3828.63 122767 3717.46 545920 16496.10 111.17

INDEX OPTIONS 539396 16259.30 561704 16943.86 2131719 64698.34 -684.56

STOCK FUTURES 271246 7595.69 284702 8046.96 1052376 29743.07 -451.27

STOCK OPTIONS 39764 1104.66 41060 1137.03 105608 3139.44 -32.37

TOTAL -1057.03

INDICES S2 S1 PIVOT R1 R2

NIFTY 6046.66 6073.88 6121.31 6148.53 6195.96NIFTYJUNIOR 11664.68 11738.86 11869.78 11943.96 12074.88

BANK NIFTY 10592.6 10682.9 10842.65 10932.95 11092.7

STOCKS IN NEWS

RINL suffers steep production loss due to heavyrains in Andhra Pradesh

Wipro has been ranked as a leader in the global

R&D service provider survey.

Coal India stake sale likely in Nov or Dec.

SpiceJet plans gradual global expansion, to add

Dammam and Kuala Lumpur as destinations.

Apollo Hospitals Group partners with KKR to raise

Rs 550 cr.

NIFTY FUTURE

Nifty Future closed in the red in the last trading ses-

sion. We advise selling around 6150-6175 with strict

stop loss of 6200 for the targets of 6100-6075-6050.
http://www.moneycontrol.com/news/business/apollo-hospitals-group-partnerskkr-to-raise-rs-550-cr_978363.htmlhttp://www.moneycontrol.com/news/business/apollo-hospitals-group-partnerskkr-to-raise-rs-550-cr_978363.htmlhttp://www.moneycontrol.com/news/business/apollo-hospitals-group-partnerskkr-to-raise-rs-550-cr_978363.htmlhttp://www.moneycontrol.com/news/business/apollo-hospitals-group-partnerskkr-to-raise-rs-550-cr_978363.htmlhttp://www.moneycontrol.com/news/business/apollo-hospitals-group-partnerskkr-to-raise-rs-550-cr_978363.htmlhttp://www.epicresearch.co/


4/7

DAILY REPORT

29th

OCTOBER. 2013


RECOMMENDATIONS

SILVER

TRADING STRATEGY:

BUY SILVER ABOVE 50280 TGTS 50480/50780 SL 49980

SELL SILVER BELOW 49100 TGTS 48900/48700 SL 49380

GOLD

TRADING STRATEGY:

BUY GOLD ABOVE 31200 TGTS 31280/31380 SL 30080

SELL GOLD BELOW 30580 TGTS 30500/ 30400 SL 30720

COMMODITY ROUNDUP

Gold was hovering near five-week highs on Monday on

growing confidence the U.S. Federal Reserve would stick

with its bullion-friendly stimulus measures at a policy

meeting later this week. Spot gold was down 0.1 percent

at $1,350.86 an ounce by 1057 GMT. On Friday, the metal

hit $1,355.20, its highest since Sept. 20. U.S. gold futures

for Dec. delivery were down just $1.30 an ounce at

$1,351.70.

Gold traders and some big exporters seem to have come

up together to form a cartel to keep domestic market gold

prices artificially higher. They ensure this by diverting

more gold for exports and domestic market continue to

starve of gold amidst control on imports. This has resulted

in premiums for physical delivery of yellow metal quoting

as high as $100 per ounce which works out to Rs.1800-

2000 per 10 gram. While spot gold was quoting at $1350

per ounce in international market, in Indian market gold

including taxes is sold at around $1600 per ounce.

At 16:02 hrs MCX SILVERMIC November contract was trad-

ing at Rs 49862 up Rs 122, or 0.25 percent. The SILVERMIC

rate touched an intraday high of Rs 49988 and an intraday

low of Rs 49505. So far 28695 contracts have been traded.

SILVERMIC prices have moved up Rs 3859, or 8.39 percent

in the November series so far. MCX SILVERMIC February

contract was trading at Rs 51270 up Rs 139, or 0.27 per-

cent. The SILVERMIC rate touched an intraday high of Rs

51366 and an intraday low of Rs 50925. So far 1523 con-

tracts have been traded. SILVERMIC prices have moved up

Rs 9270, or 22.07 percent in the February series so far.

Nickel prices moved up by 0.55% to Rs 895.50 per kg

in futures trading yesterday as speculators enlarged their

positions, driven by pick up in demand from alloy-maker

in the spot market. At the Multi Commodity Exchange,

nickel for delivery in October rose by Rs 4.90, or 0.55%, to

Rs 895.50 per kg in business turnover of 2,815 lots.

Crude oil futures prices fell by 0.25% to Rs 6,029 per bar-

rel on Monday, after speculators reduced exposures amid

a subdued trend in Asian trade. At the Multi CommodityExchange, crude oil for delivery in November fell by Rs 16

or 0.25%, to Rs 6,029 per barrel in 1,067 lots.

COMMODITY MCX


5/7

DAILY REPORT

29th

OCTOBER. 2013


RECOMMENDATIONS

CASTORSEED

BUY CASTERSEED ABOVE 3650 TGT 3680/3710 SL 3605

SELL CASTORSEED BELOW 3565 TGT 3535/3505 SL 3605

DHANIYA

BUY DHANIYA ABOVE 6925 TGT 6955/6985 SL 6885

SELL DHANIYA BELOW 6790 TGT 6760/6730 SL 6830

NCDEX ROUNDUP

The Haryana government has fixed a target to achieve pro-

duction of 127.48 lakh tonnes (LT) of wheat during the on-

going rabi season 2013-14 (October-March) as against the

production of 113.42 LT last year.

Industry body SOPA has revised its soyabean productionestimates downwards for the kharif season, by 7.5 lakh ton-

nes to 122.34 lakh tonnes, as excess rain has hit crop yields.

The Soyabean Processors Association of India (SOPA) has

projected soyabean production of 122.34 lakh tonnes in its

second estimates for kharif 2013 as against 129.83 lakh ton-

nes in the first estimates. In 2012 kharif, soyabean produc-

tion stood at 121.85 lakh tonnes. SOPA has revised its pro-

duction estimates downward to 56.14 lakh tonnes from

59.47 lakh tonnes in Madhya Pradesh.

Red chilli and jeera prices rose up to Rs 300 per quintal in

the national capital yesterday largely following pick-up

in demand from local parties as well as overseas enquiries.

Red chilli prices rose by Rs 300 to settle at Rs 7,000-12,500

per quintal. Jeera common and jeera best quality also in-

creased by Rs 100 each to conclude at Rs 13,100-13,300 and

Rs 16,800-17,100 per quintal, respectively.

Chana rose by Rs 86 to Rs 3,150 per quintal in futures trade

yesterday as traders enlarged their holdings on rising de-

mand in the spot market. At the NCDEX, chana for delivery

in November rose by Rs 86, or 2.81%, to Rs 3,150 per quin-

tal, with an open interest of 96,110 lots.

NCDEX

NCDEX INDICES

Index Value % Change

Barley 1305 +0.31

Castor Seed 3625 +0.97

Chana 3159 +3.10

Chilli 6518 +3.36

Coriander 6864 +4.00

Cotton Seed Oilcake 1531 -0.39

Jeera 12562.5 +0.34

Mustard seed 3780 +1.83

Ref Soya Oil 731.95 +1.66

Turmeric 4860 +0.25


6/7

DAILY REPORT

29th

OCTOBER. 2013


USD/INR

USD/INR (Nov.2013)has closed @61.8725. If it breaks thelevel of 61.80, it can touch 61.66 & 61.49. If it sustains

above 62.36 it can touch the level of 62.51 & 62.73.

JPY/INR

JPY/INR has closed @63.3800. If it breaks 63.20, it can

touch 63.05 & 62.82. If it sustains above the level of 63.90

it can touch the level of 64.10 & 64.34.

CURRENCY ROUNDUP

Against a basket of major currencies, the greenback was

trading near its lowest levels of the year at 79.18 .DXY, with

the euro edging higher to reach $1.3810. the dollar was un-

der pressure on a growing conviction that the U.S. Federal

Reserve will keep monetary policy loose this week, and for

some time to come. The dollar fell towards a nine-monthlow against a basket of currencies on Monday, with more

investors selling on growing confidence the Federal Reserve

will keep policy accommodative.

Indian rupee as against Friday's closing of 61.46. gained 6

paisa in early trade Monday to 61.40 per dollar The rupee

on Monday gained 6 paisa to 61.40 against the dollar in

early trade at the Interbank Foreign Exchange market yes-

terday on increased selling of the US currency by exporters

and hurt by a retreat in domestic shares with sentiment re-

maining cautious ahead of the Reserve Bank of India'smonetary policy review on Tuesday.

Strengthening of the euro against the dollar in overseas

market on expectations that the US Federal Reserve will

keep its monetary easing policy in place till early next year

boosted the sentiment. A higher opening in the domestic

equity market also supported the rupee.

The Indian rupee edged down on Monday, a day before the

central bank policy review when it is widely expected to

raise interest rates to fight inflationary pressures even as

the economy grows at its slowest in a decade.

The Reserve Bank of India's macroeconomic report released

after the close of markets said upside risks to food inflation

remain and that it expects the retail and wholesale price

inflation to remain above comfort levels. Expectations for a

rate hike have grown after data earlier this month showed

that both retail and wholesale inflation accelerated, and

markets are likely to scrutinize whether the central bank

hints on Tuesday at more rate hikes. Meanwhile, the RBI is

also expected to continue cutting short-term interest rates,

removing measures put in place to support the rupee.

CURRENCY

RBI Reference Rate

Currency Rate Currency Rate

Rupee- $ 61.5030 Yen-100 63.0100

Euro 84.8825 GBP 99.4934


7/7

DAILY REPORT

29th

OCTOBER. 2013


CALL REPORT

Disclaimer

US ECONOMIC REPORT

PERFORMANCE UPDATES

Date Commodity/ Currency Contract Strategy Entry Level Target S L Remark

28/10/13 MCX GOLD OCT. BUY 30860 30940-31040 30750 BOOKED FULL PROFIT28/10/13 MCX GOLD DEC. SELL 30580 30500-30400 30720 NOT EXECUTED

28/10/13 MCX SILVER OCT. BUY 50280 50480-50780 49980 NOT EXECUTED

28/10/13 MCX SILVER DEC. SELL 49100 48900-48700 49300 NOT EXECUTED

28/10/13 NCDEX CASTOR SEED NOV. SELL 3565 3535-3495 3605 NOT EXECUTED

28/10/13 NCDEX CASTOR SEED NOV. BUY 3645 3675-3715 3605 NO PROFIT NO LOSS

28/10/13 NCDEX DHANIYA NOV. BUY 6705 6735-6775 6665 BOOKED FULL PROFIT

28/10/13 NCDEX DHANIYA NOV. SELL 6550 6520-6480 6590 NOT EXECUTED

28/10/13 USD/INR OCT. SELL 61.38 61.23-61.05 NOT EXECUTED

28/10/13 USD/INR OCT. BUY 61.68 61.83-61.94 NOT EXECUTED

28/10/13 JPY/INR OCT. SELL 63.10 62.95-62.78 BOOKED PROFIT

28/10/13 JPY/INR OCT. BUY 63.40 63.55-63.70 NOT EXECUTED

Date ScripCASH/FUTURE/

OPTIONStrategy Entry Level Target S L Remark

28/10/13 NIFTY FUTURE SELL 6200-6230 6170-6140 6250 NOT EXECUTED

28/10/13 RCOM FUTURE SELL 145 142-140 148 BOOKED PROFIT

28/10/13 HINDALCO FUTURE SELL 109 107-105 111 BOOKED PROFIT

28/10/13 SHAKTI PUMPS CASH BUY 61 64-68 58 SL TRIGGERED

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TIME (ET) REPORT PERIOD ACTUAL CONSENSUSFORECAST PREVIOUS

TUESDAY, OCT. 29

8:30 AM PRODUCER PRICE INDEX SEPT. 0.3% 0.3%

8:30 AM CORE PPI SEPT. 0.1% 0.0%

8:30 AM RETAIL SALES SEPT. -0.1% 0.2%

8:30 AM RETAIL SALES EX-AUTOS SEPT. 0.4% 0.1%

9 AM CASE-SHILLER HOME PRICE INDEX AUG. -- 12.6% Y-O-Y

10 AM CONSUMER CONFIDENCE INDEX OCT. 76.6 79.7

10 AM BUSINESS INVENTORIES AUG. 0.3% 0.4%

WEDNESDAY, OCT. 30

8:15 AM ADP EMPLOYMENT OCT. 165,000 166,000

8:30 AM CONSUMER PRICE INDEX SEPT. 0.2% 0.1%

8:30 AM CORE CPI SEPT. 0.1% 0.1%

THURSDAY, OCT. 31

8:30 am WEEKLY JOBLESS CLAIMS 10/26 N/A N/A

9:45 am CHICAGO PMI Oct. 55.0 55.7FRIDAY, NOV. 01

Nonfarm payrolls report for Oct. will be released on Nov. 8

8:58 AM MARKIT PMI OCT. -- 52.8

10 AM ISM OCT. 55.1% 56.2%

TBA MOTOR VEHICLE SALES OCT. 15.6 MLN 15.2 mln

Documents

SPECIAL REPORT BY EPIC RESEARCH 29 October 2013.pdf