Special report by epic reseach 15 october 2013

DAILY REPORT

15th OCTOBER. 2013

YOUR MINTVISORY Call us at +91-731-6642300

Global markets at a glance

Slow-moving talks to avoid a debt default in the United

States and weak Chinese export data kept a lid on Euro-

pean shares and oil on Monday. European shares held

steady early on Monday, with investors taking a cautious

stance after U.S. politicians failed over the weekend to

resolve budget issues and the world's biggest economy

moved closer towards a debt default.

Asian shares rose to their highest in nearly five months on

expectations of an imminent deal to reopen the U.S. gov-

ernment and avert a possible debt default Japanese finan-

cial markets were closed on Monday for a public holiday.

Wall Street Update

U.S. stocks ended a volatile session with modest gains on

Monday, as investors bet that there would soon be a deal

in Washington to increase the debt limit, though there

were no obvious signs of progress.

Previous day Roundup

The Nifty ended range-bound session above 6,100 mark

led by gains in TCS and Reliance Industries ahead of their

second quarter results. The 50-share index ended at

6,113.40, up 17.20 points or 0.28 per cent. The index

touched intraday high of 6,124.10 and a low of 6,082.90.

The S&P BSE Sensex closed at 20,609.31, up 80.72 points

or 0.39 per cent. It touched a high of 20,645.94 and a low

of 20,497.88 in trade today.

Index stats

Bank Nifty & Bankex both advanced 0.41% & 0.55% re-

spectively, the sectors which were in negative move in yes-

terday’s session were; Consumer Durables [down

11.41pts], Capital Goods [down 35.72pts], FMCG [down

38.78pts]. Healthcare [down 35.09pts], REALTY [down

5.21pts], Metals [down 55.58pts] all traded downward

except AUTO [up pts], Power [up 1.67pts], IT [up 197.69

pts], Oil & Gas [up 29.53pts], TECK [up 87.02 pts], PSU [up

5.45pts].

World Indices

Index Value % Change

D J l 15,301.26 +0.42

S&P 500 1,710.14 +0.41

NASDAQ 3,815.28 +0.62

EURO STO 2,977.69 +0.11

FTSE 100 6,507.65 +0.32

Nikkei 225 14,475.57 +0.49

Hong Kong 23,374.82 +0.67

Top Gainers

Company CMP Change % Chg

TCS 2,218.50 96.45 +4.55

AMBUJACEM 200.00 5.40 +2.77

WIPRO 500.00 11.75 +2.41

ACC 1,152.60 25.60 +2.27

BANKBARODA 572.00 9.20 +1.63

Top Losers


HINDALCO 110.55 3.70 -3.24

ASIANPAINT 470.40 14.65 -3.02

GAIL 329.10 7.20 -2.14

CIPLA 420.35 8.85 -2.06

TATASTEEL 301.85 6.05 -1.96

Stocks at 52 Week’s high

Symbol Prev. Close Change %Chg

ESCORTS 96.20 0.85 -0.88

GALLISPAT 283.95 1.25 +0.44

IBSEC 14.35 1.80 +14.35

IDEA 185.00 0.85 +0.46

MINDTREE 1,382.10 64.90 +4.93

Indian Indices


NIFTY 6,112.70 +16.50 +0.27

SENSEX 20,607.54 +78.95 +0.38

Stocks at 52 Week’s Low

Symbol Prev. Close Change %Chg

FLFL 88.35 93.00 -4.65

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DAILY REPORT

15th OCTOBER. 2013


STOCK RECOMMENDATIONS [FUTURE] 1. ZEE LEARN

SELL ZEEL FUTURE BELOW 240 TGT 237/233 SL 244

2. TATASTEEL

SELL TATASTEEL FUTURE BELOW 300 TGT 297/293 SL 304

STOCK RECOMMENDATION [CASH]

1. HAVELLS

BUY HAVELLS ABOVE 715 TGT 720/728 SL 709 MACRO NEWS

IndusInd Bank (July-September) net profit rising 31.9% higher-than-expected YoY to Rs 330 cr due to fall in pro-visions. Net interest income in the quarter gone by in-creased 37.25% to Rs 700 cr in September quarter from Rs 510 cr in a year ago period.

The WPI inflation unexpectedly hit a seven-month high in September, mainly driven by higher food prices, in-creasing the odds for yet another interest rate hike by the central bank at its policy review later this month. The wholesale price index, country's main infla-tion measure, rose an annual 6.46 percent last month, the fastest pace since February 2013.

Reliance Industrial Infrastructure Q2 -Net profit at Rs 5.9 crore versus Rs 6.1 crore (YoY) -Income from opera-tions at Rs 20.7 crore versus Rs 19.2 crore (YoY)

RBI Governor plans to permit trade in the receivables of small companies that sell goods to big producers.

Deutsche Bank downgrades IDFC citing challenging op-erating environment.

Results Today- TCS, NIITTECH, HDFCBANK, DCB, BAJAJFI-NANCE.

EQUITY CASH & FUTURE


DAILY REPORT

15th OCTOBER. 2013


FUTURE & OPTION

MOST ACTIVE PUT OPTION

Symbol Option

Type

Strike

Price

LTP Traded

Volume

(Contracts)

Open

Interest

NIFTY PE 6,000 60.50 1,97,440 45,64,550

NIFTY PE 6,100 91.30 1,86,550 29,26,500

NIFTY PE 5,900 39.85 1,62,173 42,77,700

BANK NIFTY PE 10,000 91.00 12,521 2,77,100

SBIN PE 1,600 33.65 3,029 2,92,750

INFY PE 3,100 16.00 4,749 6,10,125

RELIANCE PE 860 13.25 5,539 4,17,500

RELIANCE PE 840 7.65 5,121 10,24,500

MOST ACTIVE CALL OPTION

Symbol Option

Type

Strike

Price

LTP Traded

Volume

(Contracts)

Open

Interest

NIFTY CE 6,200 81.10 2,30,878 41,33,350

NIFTY CE 6,300 44.00 1,83,871 45,21,200

NIFTY CE 6,100 136.00 1,36,226 43,27,400

BANKNIFTY CE 11,000 189.05 25,492 3,47,300

SBIN CE 1,700 41.70 5,861 3,93,375

RELIANCE CE 900 13.10 8,609 12,55,750

INFY CE 3,300 68.50 6,346 7,15,875

INDUSINDBK CE 440 12.40 3,286 4,06,500

TCS CE 2,200 78.80 3,209 3,22,000

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 65602 1957.71 42063 1248.48 454455 13707.69 709.23

INDEX OPTIONS 366192 10854.21 409465 12126.59 1945673 59243.37 -1272.38

STOCK FUTURES 50074 1491.40 58087 1750.67 977203 27960.22 -259.27

STOCK OPTIONS 43001 1283.95 43669 1313.25 82963 2496.53 -29.29

TOTAL -851.72

INDICES S2 S1 PIVOT R1 R2

NIFTY 6065.36 6089.03 6106.56 6130.23 6147.76

NIFTYJUNIOR 11796.5 11826.24 11874.45 11904.19 11952.39

BANK NIFTY 10483.87 10574.56 10640.68 10731.36 10797.48

STOCKS IN NEWS NTPC power plants less affected due to Cyclone Phailin. ONGC to buy 12% of Brazil block from Petrobras for $529 mn. Fortis to sell Quality Healthcare to Bupa for $355 mln Pratibha Industries bags Rs 516cr water supply contract in Rajasthan. Tech Mahindra ups FII investment limit to 45 per-cent from 35 percent.

NIFTY FUTURE

BUY NIFTY ABOVE 6160 TGT 6185/6220 SL 6130


DAILY REPORT

15th OCTOBER. 2013


RECOMMENDATIONS

SILVER

TRADING STRATEGY:

BUY SILVER ABOVE 48150 TGTS 48450/48750 SL 47750

SELL SILVER BELOW 47150 TGTS 46850/46550 SL 47450

GOLD

TRADING STRATEGY:

BUY GOLD ABOVE 29250 TGTS 29350/29450 SL 29120

SELL GOLD BELOW 28680 TGTS 28580/ 28480 SL 28800

COMMODITY ROUNDUP

The decline in exports from the world's second largest econ-

omy raised questions about the strength of the global recov-

ery, though solid import data for the same month helped

offset some concerns. Brent crude was flat at $111.3 a bar-

rel, while robust Chinese imports of copper helped the metal

edge up 0.6 percent to $7,248 a tonne (1 tonne =1.102 met-

ric tons).

Gold was hovering near a three-month low at $1276.80 an

ounce as investors chose cash over the precious metal as a

safe haven. India gold futures recorded an up-trend on Mon-

day amid slight up movement on Comex gold prices. Depre-

ciation of Indian Rupee (INR) against US Dollar (USD) was

seen supporting the commodity prices to certain extent in

the domestic market. US gold prices continued their down-

ward movement on Monday and were seen trading on a

bearish note near three month low amid weak global cues.

The failure of weekend talks to reach an understanding to

avert a US debt default failed to lift the commodity prices in

the global market. Comex gold futures on electronic trading

platform for December delivery was seen trading with a gain

of $6.5 at $1274.7 per troy ounce as of 15.12 IST on Monday.

Silver prices fell 0.31% to trade at Rs 46,745 per kg in futures

trade today as speculators reduced positions amid a weaken-

ing trend in the global markets. Besides, a weak trend in the

precious metals at the domestic bullion market also weighed

on silver futures. At the Multi Commodity Exchange, Silver

for delivery in December lost Rs 146, or 0.31%, to Rs 46,745

per kg in business turnover of 457 lots. In a similar fashion,

the white metal for delivery in far-month march, last year

contracts traded Rs 95, or 0.20% lower, at Rs 48,049 per kg

in ten lots.

Aluminium futures prices fell by 0.40% to Rs 112.85 per kg

today as speculators trimmed positions amid a weak trend in

metal at the London Metal Exchange. At the Multi Commod-

ity Exchange, aluminium for delivery in October lost 45 paise,

or 0.40%, to Rs 112.85 per kg, with a business turnover of

104 lots.

COMMODITY MCX


DAILY REPORT

15th OCTOBER. 2013


RECOMMENDATIONS

CASTORSEED

BUY CASTORSEED ABOVE 3830 TG 3860, 3890 SL 3790

SELL CASTORSEED BELOW 3730 TG 3700, 3670 SL 3770

DHANIYA

BUY DHANIYA ABOVE 6890 TG 6720, 6750 SL 6840

SELL DHANIYA BELOW 6690TG 6670, 6640 SL 6730

NCDEX ROUNDUP

Maize prices looked up by Rs 15 to Rs 1,391 per quintal in

futures trade yesterday following fresh buying support at

prevailing lower levels. At the National Commodity and

Derivative Exchange, maize for current October contract

resumed higher by Rs.15, or 1.09% to Rs.1,391 per quintal,

with an open interest of 6,450 lots. However, reports of

bumper crops in maize growing regions on favourable

monsoon rains somewhat capped the gains Most active

near November contract gained by Rs.6, or 0.48% to

Rs.1,257 per quintal, having an open interest of 32,590

lots.

Chilli prices fell by Rs 254 to Rs 6,132 per quintal in futures

trade yesterday on heavy selling activity on reports of a

higher output estimates. Subdued demand from retailers

and stockists in spot markets also influenced the sentiment

in futures. At the National Commodity and Derivatives Ex-

change, chilli for delivery in November fell by Rs 254, or

3.98%, to Rs 6,132 per quintal with an open interest of

3,435 lots. Likewise, chilli for delivery in October lost Rs

158, or 2.62%, to Rs 5,880 per quintal with open interest of

1,440 lots.

NCDEX

NCDEX INDICES

Index Value % Change

Barley 1226 +0.62

Castor Seed 3729 -0.21

Chana 3036 -1.33

Chilli 5980 -0.96

Coriander 6610 -3.40

Cotton Seed Oilcake 1508 2.52

Jeera 12725 +0.57

Mustard seed 3582 +0.31

Ref Soya Oil 709.1 +0.93

Turmeric 4426 -3.61


DAILY REPORT

15th OCTOBER. 2013


USD/INR

USD/INR has closed @61.7275. If it breaks the level of 61.35, it can touch the level of 61.14 & 60.98. If it sustains above the level of 61.95, it can touch the level of 62.26 & 62.57.

GBP/INR

GBP/INR has closed @98.6325. If it breaks the level of 97.90, it can touch the level of 97.65 & 97.32. If it sustains above the level of 98.98 it can touch the level of 99.33 & 99.62.

CURRENCY ROUNDUP

Senate negotiations to resolve the U.S. fiscal crisis made

progress on Sunday and, while there no guarantees of an

end to the government shutdown, many in the market re-

main hopeful a deal to raise the borrowing ceiling will

emerge. The dollar down 0.3 percent against the safer op-

tion of the yen to about 98.29 yen.

The Indian rupee weakened on Monday, after wholesale

price inflation (WPI) came in above analysts' estimates,

raising expectations that the central bank will raise interest

rates for a second consecutive month in late October.

India's benchmark 10-year bond yield rose 8 basis points to

8.58, while the rupee weakened to 61.24 per dollar from

around 61.20. Earlier, The Indian rupee lost 15 paise to

61.22 against the US dollar in early trade on the Interbank

Foreign Exchange market due to fresh demand for the US

currency from importers amid a lower opening in the do-

mestic equity market.

The Indian rupee had gained 32 paisa to close at a fresh

two-month high of Rs 61.07 against the dollar in the previ-

ous session amid rise in local equities and sustained capital

inflows, the Indian rupee's fall to fresh demand for the

American currency from importers and a weak opening in

the domestic equity market. But, dollar's weakness against

other currencies overseas restricted the rupee's fall

The dollar held firm on Tuesday, hitting a two-week high

against the yen as top U.S. senators signaled they could

soon reach a deal to reopen the U.S. government and

avert a possible debt default for the time being.

CURRENCY

RBI Reference Rate

Currency Rate Currency Rate

Rupee- $ 61.3036 Yen-100 62.4000

Euro 83.1487 GBP 97.9877


DAILY REPORT

15th OCTOBER. 2013


CALL REPORT

Disclaimer

US ECONOMIC REPORT

PERFORMANCE UPDATES

Date Commodity/ Currency

Pairs Contract Strategy Entry Level Target Stop Loss Remark

14/10/13 MCX GOLD OCT. BUY 28750 28950-29050 28650 BOOKED FULL PROFIT

14/10/13 MCX GOLD DEC. SELL 28200 28100-27900 28330 NOT EXECUTED

14/10/13 MCX SILVER OCT. BUY 47300 47600-47900 46900 BOOKED FULL PROFIT

14/10/13 MCX SILVER DEC. SELL 46650 46350-46050 47050 NOT EXECUTED

14/10/13 NCDEX CASTOR SEED OCT. SELL 3500 3470-3440 3550 NOT EXECUTED

14/10/13 NCDEX CASTOR SEED OCT. BUY 3670 3700-3730 3630 NOT EXECUTED

14/10/13 NCDEX DHANIYA OCT. BUY 6750 6780-6810 6710 NOT EXECUTED

14/10/13 NCDEX DHANIYA OCT. SELL 6550 6520-6490 6590 NOT EXECUTED

14/10/13 USD/INR OCT. SELL 61.20 60.98-60.78 NOT EXECUTED

14/10/13 GBP/INR OCT. SELL 97.85 97.64-97.32 NOT EXECUTED

14/10/13 USD/INR OCT. BUY 62.05 62.26-62.57 NOT EXECUTED

14/10/13 GBP/INR OCT. BUY 99.00 99.25-99.60 NOT EXECUTED

Date Scrip

CASH/

FUTURE/ OP-

TION

Strategy Entry Level Target Stop Loss Remark

14/10/13 NIFTY FUTURE BUY 6115-6125 6150-6180 6095 BOOKED PROFIT

14/10/13 UNION BANK FUTURE BUY 120 123-125 117 BOOKED PROFIT

14/10/13 MARUTI FUTURE BUY 1500 1525-1550 1475 NOT EXECUTED

14/10/13 INDUSINDBANK CASH BUY 430 438-450 420 BOOKED PROFIT

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TIME (ET) REPORT PERIOD ACTUAL CONSENSUS FORECAST PREVIOUS

TUESDAY, OCT. 15

8:30 am Empire state index Oct. 6.6 6.3

WEDNESDAY, OCT. 16

8:30 am Consumer price index Sept. DELAYED 0.2% 0.1%

8:30 am Core CPI Sept. DELAYED 0.2% 0.1%

10 am Home builders' index Oct. 57 58

2 pm Beige Book

THURSDAY, OCT. 17

Treasury expects to run out of borrowing authority

8:30 am Weekly jobless claims 10/12 333,000 374,000

8:30 am Housing starts (likely delayed) Sept. 910,000 891,000

8:30 am Building permits (likely delayed) Sept. 925,000 926,000

9:15 am Industrial production Sept. DELAYED 0.5% 0.4%

9:15 am Capacity utilization Sept. DELAYED 78.1% 77.8%

10 am Philly Fed Oct. 13.0 22.3

FRIDAY, OCT. 18

10 am Philly Fed Oct. 13.0 22.3


Economy & Finance

Special report by epic reseach 15 october 2013