Special report by epic reseach 27 september 2013

DAILY REPORT

27th SEPT. 2013

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Global markets at a glance

Stocks slumped in China and rallied in Japan while

Europe’s benchmark index closed little changed. Japan's

Nikkei share average edged down in choppy conditions as

the market turned its focus to the government's growth

strategy and tax plans next week, while strong consumer

inflation data had little impact.

The Nikkei shed 0.1 % to 14,792.38 in mid-morning trade

after opening a tad higher and now trading downside

along-with HengSeng which is also down.

Wall Street Update

U.S. stocks rose, with the Standard & Poor’s 500 Index re-

bounding following its longest losing streak of the year.

The S&P 500 (SPX) climbed 0.3 % to 1,698.67 at 4 p.m.

New York time following a five-day slump. The index pared

a gain of as much as 0.7 % amid concern lawmakers will

fail to reach a budget compromise to avert a government

shutdown.

Previous day Roundup

Nifty ended the September series up 8.7 % while the Sen-

sex was up 8.2 %. The day ended on a very flat note with

the Nifty at 5882.25 up 8.40 points or 0.14 %. The Sensex

closed up 37.61 points or 0.19 % at 19893.85. About 1173

shares have advanced, 1116 shares declined, and 154

shares are unchanged. BSE MIDCAP index closed at

5627.58 with the gain of 11.45 points and BSE SMALLCAP

index closed at 5479.62 with the gain of 30.98 points.

Index stats

Bank Nifty & Bankex both advanced 0.16% & 0.05% re-

spectively, the sectors which were in positive move with

Nifty in yesterday’s session were; PSU [up 6.41pts], Metals

[up 47.99pts], Capital Goods [up 50.15pts], AUTO [up

10.65pts], Healthcare [up 79.34pts], FMCG [up 38.38pts].

Power [up 12.70pts] traded upward. The sectors declined

were: IT [down 20.50pts], Oil & Gas [down 96.49pts], TECK

[down 9.83pts], REALTY [down 7.48pts] and Consumer

Durables [down 58.79pts].

World Indices

Index Value % Change

D J l 15,328.30 +0.36

S&P 500 1,698.67 +0.35

NASDAQ 3,787.43 +0.70

EURO STO 2,922.99 -0.15

FTSE 100 6,565.59 +0.21

Nikkei 225 14,790.66 -0.06

Hong Kong 23,120.56 -0.02

Top Gainers

Company CMP Change % Chg

BHEL 151.15 8.00 +5.59

TATA STEEL 301.30 10.20 +3.50

JPASSOCIAT 38.45 1.25 +3.35

COALINDIA 303.45 8.40 +2.85

SUNPHARMA 582.00 13.00 +2.28

Top Losers


JINDALSTEL 237.00 8.00 -3.27

AMBUJACEM 184.00 4.90 -2.59

PNB 474.10 10.75 -2.22

GAIL 328.00 6.50 -1.94

RELINFRA 401.50 6.60 -1.62

Stocks at 52 Week’s high

Symbol Prev. Close Change %Chg

CHMAHENDRA 220.00 0.30 +0.14

DRREDDY 2,462.95 33.85 +1.39

ENIL 284.00 10.20 +3.73

FOURSOFT 32.55 1.65 -4.82

GALLISPAT 218.00 10.10 +4.86

Indian Indices


NIFTY 5,882.25 +8.40 +0.14

SENSEX 19,893.85 +37.61 +0.19

Stocks at 52 Week’s Low

Symbol Prev. Close Change %Chg

CHENNPETRO 54.65 2.10 -3.70

KOTHARIPRO 310.30 0.30 -0.10

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DAILY REPORT

27th SEPT. 2013


STOCK RECOMMENDATIONS [FUTURE] 1. JINDAL STEEL AND POWER

JINDAL STEEL AND POWER is looking weak on charts, short

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

continues to sustain below 240. We advise selling below

240 levels with strict stop loss of 245 for the targets of 235-

230.

2. BHEL

BHEL FUTURE is looking strong on charts, long build up has

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

tain above 145. We advise around 145-146 levels with strict

stop loss of 140 for the targets of 148-150.

STOCK RECOMMENDATION [CASH] 1. ABG SHIPYARD LTD

ABG SHIPYARD LTD is looking strong on charts . We advice buying above 300 with strict stop loss of 285 for the targets of 305-315-335 levels. MACRO NEWS

The proposed external committee will look into new

bank license applications once RBI completes the basic

scrutiny, Tata Sons, India's biggest business group, and

firms controlled by billionaires are among the 26 enti-

ties that applied for bank licenses last month. Among

public sector units, India Post and IFCI have submitted

applications. Micro finance institutions such as Band-

han Financial Services and Janalakshmi Financial, too,

have expressed their intention to set up banks.

House Republican leaders offered a proposal today to

increase the U.S. debt ceiling that drew protests from

some members as a dispute over federal spending risks

a government shutdown in four days, over the budget

on Oct. 1. Focus will also turn to U.S. jobs data due next

Friday.

EQUITY CASH & FUTURE

CORPORATE ACTION TODAY

SCRIP ACTION Rs. Per Share

ALEMBICLTD BONUS 1:1


DAILY REPORT

27th SEPT. 2013


FUTURE & OPTION

MOST ACTIVE PUT OPTION

Symbol Option

Type

Strike

Price

LTP Traded

Volume

(Contracts)

Open

Interest

NIFTY PE 5,900 16.50 11,71,528 12,75,350

NIFTY PE 5,800 0.05 8,79740 81,84,050

NIFTY PE 5,850 0.05 4,00,985 33,21,600

BANK NIFTY PE 10,000 0.05 98,376 4,34,825

SBIN PE 1,650 0.15 9,068 2,41,125

RCOM PE 155 0.05 2,265 12,76,000

RELIANCE PE 840 0.55 5,697 3,08,250

ICICIBANK PE 920 0.05 1,571 2,13,000

MOST ACTIVE CALL OPTION

Symbol Option

Type

Strike

Price

LTP Traded

Volume

(Contracts)

Open

Interest

NIFTY CE 5,900 0.05 14,79123 82,20,650

NIFTY CE 6,000 0.05 7,07,830 89,20,900

NIFTY CE 5,950 0.05 3,06,568 28,88,850

BANKNIFTY CE 10,200 0.05 1,16,551 4,14,000

SBIN CE 1,700 0.05 15,996 3,80,375

RELIANCE CE 840 0.05 5,260 3,08,750

BHEL CE 150 0.65 5,681 16,62,000

RCOM CE 160 0.05 5,192 39,52,000

AXISBANK CE 1,050 0.05 3,271 2,55,250

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 232304 6832.86 181954 5335.79 446548 13049.40 1497.07

INDEX OPTIONS 908226 26206.36 924413 26660.47 1394531 41002.55 -454.11

STOCK FUTURES 258072 6961.57 268759 7285.90 865851 24016.36 -324.33

STOCK OPTIONS 33838 879.55 29856 759.52 9953 257.85 120.02

TOTAL 838.66

INDICES S2 S1 PIVOT R1 R2

NIFTY 5834.45 5858.35 5888.0 5911.9 5941.54

NIFTYJUNIOR 11249.65 11293.75 11340.9 11385.0 11432.15

STOCKS IN NEWS Power Finance Corporation invites initial bids for Odisha, Tamil Nadu ultra mega power projects. CVC may close complaints of irregularities in Jet-Etihad deal. Irda levies Rs 5 lacs fine on Punjab & Sind Bank. HUL spreads its wings to retain edge with projects Tele-calling, Columbus.

NIFTY FUTURE

Nifty Future closed in the red in the last trading ses-sion. We advise selling on rise around 5900-5925 with strict stop loss of 5980 for the targets of 5850-5820 levels.


DAILY REPORT

27th SEPT. 2013


RECOMMENDATIONS

SILVER

TRADING STRATEGY: BUY SILVER ABOVE 48850 TGTS 49150/49450 SL 48450 SELL SILVER BELOW 48320TGTS 48020/47720 SL 48700

GOLD

TRADING STRATEGY: BUY GOLD ABOVE 29930 TGTS 30030/30130 SL 29810 SELL GOLD BELOW 29750 TGTS 29650/29550 SL 29860

COMMODITY ROUNDUP

Commodity benchmarks are on course in Q3, 2013 to the

biggest quarterly gains in a year however, Barclays cau-

tions that it is not due to any real recovery in the global

economy. SNL Metals Economics Group (SNL MEG) Pipe-

line Activity Index (PAI), a barometer of drilling, mergers

and exploration acitivites in mining industry, has fallen to

the second lowest level in its history in August, suggesting

that crisis in mining is far from over and may the PAI is

searching for the bottom.

Gold prices failed to extend yesterday's gains and moved

lower by Rs 110 to Rs 30,105 per ten grams in futures

trade Thursday as rupee strengthened against the dollar at

the Interbank Foreign Exchange market. At the Multi Com-

modity Exchange (MCX), gold for delivery in October de-

clined by Rs 110 to Rs 30,105 per ten grams as against its

previous close of Rs 30,215.

Similarly, silver benchmark delivery dropped by Rs 251 to

Rs 48,920 per Kg. Gold price in overseas markets, which

normally set price trend on the domestic front, traded in a

narrow range and largely held on to overnight gains of

nearly 1 % as an upcoming Chinese holiday kept investors

on the sidelines and their focus turned towards the US

debt ceiling talks.

Spot gold last quoted at USD 1,333.80 an ounce, down

0.02%, after gaining 0.8 % in the previous session. In New

York, gold for December delivery rose USD 19.90 to settle

at USD 1,336.20 an ounce on the Comex division of the

NYMEX yesterday. Meanwhile, prices of both gold and sil-

ver declined in Delhi bullion market on reduced off take

amid a weak global trend. While gold declined by Rs 5 to

Rs 30,540 per ten gram, silver dropped by Rs 335 to Rs

38,995 per kg on fall in demand from retailers and indus-

trial units.

COMMODITY MCX


DAILY REPORT

27th SEPT. 2013


RECOMMENDATIONS CASTORSEED

SELL CASTORSEED BELOW 3430 TG 3400,3360 SL 3470 BUY CASTORSEED ABOVE 3490 TG 3525,3550 SL 3470

DHANIYA

SELL DHANIYA BELOW 5590 TG 5550,5510 SL 5630 BUY DHANIYA ABOVE 5650 TG 5675,5710 SL 5610

NCDEX ROUNDUP

Unica unveiled a drop in sugar output in Brazil's key Centre

South producing region, as weather worries resurfaced.

The industry group, which in April pegged the Centre South

cane harvest at 589.6m tonnes, with sugar output seen at

35.5m tonnes, said it would on October 1 reveal revised

projections.

Onyx Solar has completed the installation of the largest

photovoltaic skylight in the world, a PV double skylight siz-

ing 27,500 sqf which was executed for the new Novartis

Pharmaceuticals Corporation's headquarters in New Jer-

sey, United States.

Commodity returns were boosted with the easing of a

number of potentially negative factors and the emergence

of the some idiosyncratic risks in specific markets such as

oil.

Global oilseed crushing probably would surge to a record

in the next season as harvests accelerate in the Northern

Hemisphere and production is set to rise in South America.

About 401.08 million metric tons of 10 major oilseeds will

be processed in the 2013-14.

NCDEX

NCDEX INDICES

Index Value % Change

Castor Seed 3438 -1.21

Chana 3007 -1.99

Chilli 5404 +0.86

Coriander 5616 -0.20

Cotton Seed Oilcake 1456 -0.75

Jeera 12950 -1.15

Mustard seed 3554 -0.17

Ref Soya Oil 664.4 -0.49

Sugar M Grade 2893 -0.72

Turmeric 4610 -1.45


DAILY REPORT

27th SEPT. 2013


GBP/INR

GBP/INR has closed @100.3475. If it breaks the level of 100.25, it can touch the level of 100.00 & 99.51. If it sus-tains above the level of 101.05, it can touch the level of 101.36 & 101.62. USD/INR

USD/INR has closed @62.5625. If it breaks the level of 62.45, it can touch the level of 62.25 & 61.90. If it sustains above the level of 63.05, it can touch the level of 63.35 & 63.58.

CURRENCY ROUNDUP

The dollar held firm in early Asian trade after U.S. jobless

claims figures pointed to a improving labor market, reviv-

ing expectations of a reduction in U.S. monetary stimulus.

The dollar held onto modest overnight gains in Asia.

Stung by the rupee's recent collapse, the Reserve Bank of

India (RBI) is taking a carrot-and-stick approach to curb

trade in the offshore forwards market that is seen as a key

source of wrenching currency volatility. However, with no

viable alternative to trading in non-deliverable forwards

(NDF) involving the rupee, the strategy is likely to have

only a limited impact. The RBI recently met with a handful

of foreign banks and asked them to stop acting as market-

makers for rupee NDFs.

At the same time, it has held out the promise of easing

restrictions to allow greater participation in the onshore

forex market by overseas participants. The offshore mar-

ket in the partially convertible rupee has flourished, with

average daily trading volumes rising to about USD 5 billion

a day earlier this year from a few hundred million dollars in

2006.

Offshore rupee volumes have fallen by roughly half since

then, while the rupee has also stabilized somewhat. Vol-

umes in other emerging market NDFs have also fallen amid

recent emerging market weakness.

Central banks risk sparking new crises by keeping their

loose policy in place for too long. There is a danger of bub-

bles forming around the globe, due to easy monetary pol-

icy implemented to steer the world back into a more ro-

bust growth path.

CURRENCY

RBI Reference Rate

Currency Rate Currency Rate

Rupee- $ 62.2260 Yen-100 62.8400

Euro 84.1073 GBP 100.0594


DAILY REPORT

27th SEPT. 2013


CALL REPORT

Disclaimer

US ECONOMIC REPORT

PERFORMANCE UPDATES

Date Commodity/ Currency

Pairs Contract Strategy Entry Level Target Stop Loss Remark

26/09/13 MCX GOLD OCT. BUY 30290 30390-30490 30160 NOT EXECUTED

26/09/13 MCX GOLD DEC. SELL 30060 29960-29860 30290 BOOKED FULL PROFIT

26/09/13 MCX SILVER OCT. BUY 49560 49860-50160 49130 NOT EXECUTED

26/09/13 MCX SILVER DEC. SELL 49200 48900-48600 49560 BOOKED FULL PROFIT

26/09/13 NCDEX CASTOR SEED OCT. SELL 3450 3425-3390 30160 BOOKED PROFIT

26/09/13 NCDEX CASTOR SEED OCT. BUY 3490 3525-3550 30290 SL TRIGGERED

26/09/13 NCDEX DHANIYA OCT. BUY 55650 5675-5710 5630 NOT EXECUTED

26/09/13 NCDEX DHANIYA OCT. SELL 5590 5550-5510 5630 BOOKED FULL PROFIT

26/09/13 USD/INR SEP SELL 62.25 61.99-61.56 BOOKED PROFIT

26/09/13 EUR/INR SEP SELL 84.10 83.80-83.21 BOOKED PROFIT

26/09/13 USD/INR SEP BUY 63.30 63.57-64.08 NOT EXECUTED

26/09/13 EUR/INR SEP BUY 85.20 85.54-85.80 NOT EXECUTED

Date Scrip

CASH/

FUTURE/

OPTION

Strategy Entry Level Target Stop Loss Remark

26/09/13 NIFTY FUTURE SELL 5900-5925 5850-5820 5980 BOOKED PROFIT

26/09/13 BHEL FUTURE BUY 140 142-145 137 BOOKED FULL PROFIT

26/09/13 SESA GOA FUTURE SELL 187.188 192-195 185 BOOKED PROFIT

26/09/13 SPARC CASH BUY 133 138-145 127 NOT EXECUTED

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TIME (ET) REPORT PERIOD ACTUAL CONSENSUS FORECAST PREVIOUS

FRIDAY, SEPT.27

8:30 am Personal income Aug. 0.3% 0.1%

8:30 am Consumer spending Aug. 0.3% 0.1%

8:30 am Core PCE price index Aug. 0.1% 0.1%

9:55 am UMich consumer sentiment index Sept. 77.5 76.8


Economy & Finance

Special report by epic reseach 27 september 2013