Special report 20 sep-2013 by epic research

DAILY REPORT

20th SEPT. 2013

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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


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


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

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DAILY REPORT

20th SEPT. 2013


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


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


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


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


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


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


Economy & Finance

Special report 20 sep-2013 by epic research