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DAILY REPORT
07th OCTOBER. 2013
YOUR MINTVISORY Call us at +91-731-6642300
Global markets at a glance
Japan's Nikkei average fell to a one-month low on Friday as
a lack of progress in the U.S. budget standoff raised con-
cerns that partisan politics in Washington could lead to a
full-blown crisis in the world's biggest economy. The
benchmark Nikkei shed 0.9 % at 14,024.31, its lowest clos-
ing since Sept. 6 .
European shares rose on Friday, led by Italian stocks and
banks as investors welcomed a more stable political out-
look in Italy and bet the European Central Bank would con-
tinue to support the region's financial sector. The euro
zone's blue-chip Euro STOXX 50 index rose by 0.5 % to
2,916.26 points in mid-session trade, while FTSEuro first
300 index was flat at 1,242.32 points.
Wall Street Update
The Dow Jones industrial average was up 76.10 points, or
0.51%, at 15,072.58. The Standard & Poor's 500 Index rose
11.84 points, or 0.71 %, at 1,690.50. The Nasdaq Compos-
ite Index was up 33.41 points, or 0.89 %, at 3,807.75.
Asian shares, oil prices and the dollar came under pressure
on Monday as politicians in Washington showed no signs
of making progress to resolve the U.S. budget standoff,
while safe-haven gold inched higher.
Previous day Roundup
The market ended on a quite note after volatile session.
The Sensex closed up 13.88 points at 19915.95. The Nifty
managed to end above 5700, down 2.40 points at 5907.30.
About 1209 shares have advanced, 1128 shares declined,
and 134 shares are unchanged.
Index stats
Bank Nifty & Bankex both declined 0.25% &% the sectors
which were in positive move in yesterday’s session were;
Consumer Durables [up 20.81pts], ], AUTO [up 107.19pts],
FMCG [up 17.94pts]. Oil & Gas [up 38.25pts], ], PSU [up
7.52pts], Metals [up 54.94pts], REALTY [up 20.21pts]. The
sectors declined were: Capital Goods [down 39.50pts],
Healthcare [down 7.89pts], Power [down 7.58pts], TECK
[down 6.00pts], IT [down 12.25pts].
World Indices
Index Value % Change
D J l 15,072.58 +0.51
S&P 500 1,690.50 +0.71
NASDAQ 3,807.75 +0.89
EURO STO 2,928.31 +0.90
FTSE 100 6,453.88 +0.08
Nikkei 225 14,024.31 -0.94
Hong Kong 23,138.54 -0.33
Top Gainers
Company CMP Change % Chg
HINDALCO 118.40 2.85 +2.47
COALINDIA 309.30 6.95 +2.30
LUPIN 880.00 18.80 +2.18
BPCL 342.00 6.70 +2.00
TATAMOTORS 351.00 5.05 +1.46
Top Losers
Company CMP Change % Chg
DRREDDY 2,369.85 59.90 -2.47
POWERGRID 97.90 2.00 -2.00
JINDALSTEL 236.50 4.55 -1.89
IDFC 93.25 1.25 -1.32
LT 818.00 10.65 -1.29
Stocks at 52 Week’s high
Symbol Prev. Close Change %Chg
ABIRLANUVO 1,265.95 4.00 -0.31
CEATLTD 136.90 2.10 -1.51
HCLTECH 1,096.25 8.35 -0.76
JUSTDIAL 1,030.80 171.80 +20.00
TATAMOTORS 351.00 5.05 +1.46
Indian Indices
Company CMP Change % Chg
NIFTY 5,907.30 -2.40 -0.04
SENSEX 19,915.95 +13.88 +0.07
Stocks at 52 Week’s Low
Symbol Prev. Close Change %Chg
FLFL 120.05 6.30 -4.99
IMPAL 393.00 13.05 +3.43
DAILY REPORT
07th OCTOBER. 2013
YOUR MINTVISORY Call us at +91-731-6642300
STOCK RECOMMENDATIONS [FUTURE] 1. ARVIND
ARVIND FUTURE is looking strong on charts, long build up
has been seen, we may see more upside, if it continues to
sustain above 90. We advise buying above 90 levels with
strict stop loss of 87 for the targets of 92-94 levels.
2. ZEE
ZEE FUTURE is looking strong on charts, long build up has
been seen, we may see more upside, if it continues to sus-
tain above 253. We advise buying around 248-251levels
with strict stop loss of 245 for targets of 255-258 levels.
STOCK RECOMMENDATION [CASH] 1. TBZ
TBZ is looking strong on charts . We advice buying above 142 with strict stop loss of 135 for the targets of 147-152 levels. MACRO NEWS
The HSBC Services Purchasing Managers' Index (PMI), compiled by Markit, slipped from 47.6 in August to 44.6 in September, its weakest since April 2009.
The U.P. govt. is thinking to link cane prices to sugar prices, but the sugar industry maintains its stance that crushing will not be possible until the govt. adopts the Rangarajan Committee's recommendations.
The central bank announced buy-back of bonds worth 10,000crore through the OMO route. These government securities include a combination of short- and long-term papers maturing in 2015, 2016, 2022 and 2025. RBI will buy them in an auction to be held on October 7.
Finance ministry may encourage PSU banks to raise ad-ditional capital via qualified institutional placements. The ministry has also advanced Rs 14,000 crore capital infusion in PSU banks from the fourth quarter to the third quarter.
Over 5 billion dollars have come in through the swap facility which was launched in September to com-bat rupee depreciation. Under the facility, banks are permitted to swap fresh FCNR(B) dollar funds, mobi-lized for a minimum tenor of 3 yrs, at a fixed rate of 3.5% per annum for the tenor of the deposit.
EQUITY CASH & FUTURE
DAILY REPORT
07th OCTOBER. 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 5,800 100.00 2,38,810 40,47,650
NIFTY PE 5,700 74.00 2,10,889 45,50,750
NIFTY PE 5,500 40.00 1,72,862 37,97,850
BANK NIFTY PE 10,000 299.50 10,007 1,62,300
SBIN PE 1,600 54.60 4,185 2,29,125
AXISBANK PE 1,100 64.00 1,324 1,67,750
RELIANCE PE 840 19.55 2,030 5,38,250
TATAMOTORS PE 350 13.50 1,710 2,48,000
MOST ACTIVE CALL OPTION
Symbol Option
Type
Strike
Price
LTP Traded
Volume
(Contracts)
Open
Interest
NIFTY CE 6,100 89.25 3,10,113 45,61,150
NIFTY CE 6,200 55.60 2,93,643 24,59,500
NIFTY CE 6,000 133.80 1,98,327 36,01,150
BANKNIFTY CE 11,000 151.70 11,851 1,92,800
SBIN CE 1,700 55.20 5,611 2,46,250
RELIANCE CE 860 29.00 3,375 3,79,500
DLF CE 150 6.40 2,812 16,98,000
JPASSOCIAT CE 40 1.95 2,235 49,84,000
TATAMOTORS CE 360 12.35 2,439 5,51,000
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 63233 1859.15 52669 1541.29 433359 12635.24 317.86
INDEX OPTIONS 512931 14949.25 491069 14303.38 1714020 50493.51 645.87
STOCK FUTURES 50027 1367.34 52266 1411.00 917172 25644.68 -43.65
STOCK OPTIONS 31386 806.07 32963 852.17 49346 1329.08 -46.10
TOTAL 873.98
INDICES S2 S1 PIVOT R1 R2
NIFTY 5848.8 5878.05 5914.25 5943.5 5979.7
NIFTYJUNIOR 11385.79 11460.44 11521.95 11596.59 11658.1
STOCKS IN NEWS Essar Oil moves SC for extension of time to pay sales tax dues Coal India misses production target by 6 MT during April-September 2013 Coal India misses production target by 6 MT during April-September 2013. Banks to follow uniform loan classification rules, share defaulter information.
NIFTY FUTURE
Nifty Future as expected closed in the green in the last trading session. We advise buying on dips around 5930-5950 with strict stop loss of 5900 for the targets of 5980-5990 levels.
DAILY REPORT
07th OCTOBER. 2013
YOUR MINTVISORY Call us at +91-731-6642300
RECOMMENDATIONS
SILVER
TRADING STRATEGY: BUY SILVER ABOVE 48620TGTS 48920/49220 SL 48200 SELL SILVER BELOW 47700 TGTS 47400/47100 SL 48100 GOLD
TRADING STRATEGY: BUY GOLD ABOVE 29290 TGTS 29390/29490 SL 29190 SELL GOLD BELOW 28900 TGTS 28800/ 28700 SL 29120
COMMODITY ROUNDUP
Gold demand in India improved on Friday as jewelers were
placing orders after prices fell more than 1% to the lowest
in nearly seven weeks on a stronger rupee. A strong rupee
trims landed cost of imported gold. Gold demand from the
countryside is likely to rise in coming weeks as farmers are
set to harvest bumper crops aided by good monsoon .
Overseas, gold prices were steady on Friday as a partial
U.S. government shutdown threatened to hurt economic
growth, increasing bullion's safe-haven appeal.
Crude oil futures prices on Friday fell further by 1.44% to
Rs 6,360 per barrel, as participants indulged in reducing
positions, tracking a weak trend in the Asian region. At
the MCX, crude oil for delivery in October fell by Rs 93, or
1.44%, to Rs 6,360 per barrel in 3,453 lots. In a likewise
manner, oil for November moved down by Rs 86, or
1.33%, to Rs 6,389 per barrel in 206 lots. Fall in crude oil
futures was attributed to a weak trend in Asian trade as
traders concerns grew after lacking breakthrough in the US
budget stand-off that led to govt. shutdown. Meanwhile,
WTI crude for November delivery eased 15 cents to USD
103.16 a barrel on the NYMEX in mid-morning trade.
Amid a weak trend overseas and subdued domestic de-
mand, zinc futures prices on Friday fell 0.87% to Rs 114.30
per kg as speculators trimmed positions. At the MCX zinc
prices for delivery in October declined by Re 1, or 0.87%,
to Rs 114.30 per kg in business turnover of 377
lots. Likewise, the metal prices for delivery in November
traded lower by 80 paisa, or 0.69%, to Rs 115.85 per kg in
seven lots. Nickel prices moved down by 0.54% to Rs
839.50 per kg in futures trade on Friday due to sluggish
demand from alloy-makers in spot market amid a weak
global trend. At the MCX, nickel for delivery in October
declined by Rs 4.60, or 0.54% to Rs 839.50 per kg in a turn-
over of 500 lots.
COMMODITY MCX
DAILY REPORT
07th OCTOBER. 2013
YOUR MINTVISORY Call us at +91-731-6642300
RECOMMENDATIONS CASTORSEED
BUY CASTORSEED ABOVE 3590 TG 3620,3650 SL 3540 SELL CASTORSEED BELOW 3470 TG 3440,3410 SL 3520
DHANIYA
BUY DHANIYA ABOVE 6110 TG 6140,6170 SL 6050 SELL DHANIYA BELOW 5900TG 5870,5840 SL 5950
NCDEX ROUNDUP
India area sown for kharif crops has touched 1046.32 lakh
hectares (lh), as on 4 October 2013. The figure is higher
when compared to the 998.70 lh recorded during the same
period last year. Rice is sown on an area of 377.22 lh for
2013-14 kharif crop (the figure is higher when compared to
the 369.58 lh during the same period last year) followed by
pulses 106.51 lh (101.48 ), coarse cereals 195.95 lh
(177.72) and oil seeds 194.93 lh (175.22).sugarcane
planted on an area of 48.74 lh (lower when compared to
the 50.06 lh at the same time last year), followed by cotton
114.51 lh (116.04 lh) and jute & mesta 8.47 lh (8.60 lh).
Although the share of agriculture in the country’s Gross
Domestic Product (GDP) has gone down substantially to
less than 14 per cent over the years, it would be the multi-
plier that will push expansion of activities in manufacturing
and services. Rising CO2 levels may currently be benefit-
ting cotton, but the long-term impact will probably not be
desirable. A rise in temperatures and the CO2 level is fore-
cast to increase pests, increase demand for potassium fer-
tilizer and increase vegetative growth. Dry land cotton
could be affected more than irrigated.
NCDEX
NCDEX INDICES
Index Value % Change
Barley 1221 +0.25
Castor Seed 3516 -0.48
Chana 2908 +0.28
Chilli 5810 0.00
Coriander 5980 -1.85
Cotton Seed Oilcake 1491 -0.80
Jeera 12647.5 -0.49
Mustard seed 3487 -0.94
Ref Soya Oil 678 -0.35
Turmeric 4710 -0.84
DAILY REPORT
07th OCTOBER. 2013
YOUR MINTVISORY Call us at +91-731-6642300
GBP/INR
GBP/INR has closed @99.34. If it breaks the level of 99.20,
it can touch the level of 99.00 & 98.78. If it sustains above
100.50, it can touch the level of 100.85 & 101.12.
EUR/INR
EUR/INR has closed @84.1875. If it breaks the level of
84.05, it can touch the level of 83.90 & 83.80. If it sustains
above 84.80 it can touch the level of 84.95 & 85.20.
CURRENCY ROUNDUP
The partially convertible rupee hit a seven-week high on
Friday, helped by corporate selling and stop-losses getting
triggered. The rupee's depreciation is generating interest
from US companies for setting up factories in Asia's third-
largest economy. The rupee trading at around 60 to 62 a
dollar will lure overseas firms to invest in India.
The rupee strengthened the most in two weeks to 61.74
per dollar on Thursday as US lawmakers' failure to resolve
a budget impasse damped demand for the dollar. It rose
0.2% to 61.61 a $ at 9:43 am. PM has eased rules to allow
foreign carriers buy stake in local airlines and overseas re-
tailers own 51% of local companies to lure inflows and
boost the rupee, which plunged to a record 68.8450 per $
on August 28. It has recovered 10% since then.
Foreign exchange reserves fell to $276.264 billion as of
Sept. 27, compared with $277.382 billion in the earlier
week, Changes in foreign currency assets, expressed in
dollar terms, include the effect of appreciation or depre-
ciation of other currencies held in its reserves . Foreign
exchange reserves include India's Reserve Tranche position
in the International Monetary Fund (IMF).
Dollar rises 0.5% but not far off eight-month low. The dol-
lar hovered near an 8month low on fears the budget
standoff in Washington will drag on until politicians reach
a deal to raise the U.S. debt ceiling. The dollar rose for first
time in six days, gaining 0.3% to 79.972 against a basket of
major currencies. The euro slipped 0.3% to $1.3582. The
dollar had hit an 8month low on Thursday on views that
the govt. shutdown will further delay the Fed’s plans to
scale back stimulus.
CURRENCY
RBI Reference Rate
Currency Rate Currency Rate
Rupee- $ 61.4050 Yen-100 63.2500
Euro 83.6790 GBP 99.2857
DAILY REPORT
07th OCTOBER. 2013
YOUR MINTVISORY Call us at +91-731-6642300
CALL REPORT
Disclaimer
US ECONOMIC REPORT
PERFORMANCE UPDATES
Date
Commodity/ Currency
Pairs Contract Strategy Entry Level Target Stop Loss Remark
04/10/13 MCX GOLD OCT. BUY 29620 29720-29820 29500 NOT EXECUTED
04/10/13 MCX GOLD DEC. SELL 29350 29250-29150 29480 BOOKED FULL PROFIT
04/10/13 MCX SILVER OCT. BUY 48900 49200-49500 48400 NOT EXECUTED
04/10/13 MCX SILVER DEC. SELL 48400 48100-47800 48900 BOOKED FULL PROFIT
04/10/13 NCDEX CASTOR SEED OCT. SELL 3410 3380-3350 3450 NOT EXECUTED
04/10/13 NCDEX CASTOR SEED OCT. BUY 3480 3510-3540 3440 BOOKED FULL PROFIT
04/10/13 NCDEX DHANIYA OCT. BUY 6210 6240-6270 6170 NOT EXECUTED
04/10/13 NCDEX DHANIYA OCT. SELL 6050 6020-5990 6090 NOT EXECUTED
04/10/13 USD/INR OCT. SELL 62.05 61.90-61.56 BOOKED PROFIT
04/10/13 EUR/INR OCT. SELL 84.35 84.03-83.60 BOOKED PROFIT
04/10/13 USD/INR OCT. BUY 62.95 63.25-63.31 NOT EXECUTED
04/10/13 EUR/INR OCT. BUY 85.60 86.00-86.30 NOT EXECUTED
Date Scrip
CASH/
FUTURE/
OPTION
Strategy Entry Level Target Stop Loss Remark
04/10/13 NIFTY FUTURE BUY 5950-5940 5980-5990 5900 BOOKED FULL PROFIT
04/10/13 BANKBARODA FUTURE BUY 252-230 538-545 505 CALL OPEN
04/10/13 AXISBANK FUTURE BUY 1100-1110 1135-1150 1085 CALL OPEN
04/10/13 BANK OF INDIA CASH BUY 175 179-182 170 CALL OPEN
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TIME (ET) REPORT PERIOD ACTUAL CONSENSUS FORECAST PREVIOUS
MONDAY, OCT. 7
3 pm Consumer credit Aug. -- $10.4 bln
TUESDAY, OCT. 8
7:30 am NFIB small business index Sept. -- 94.0
8:30 am Trade deficit* Aug. -$39.5 bln -$39.1 bln
10 am Job openings* Aug. -- 3.7 mln
WEDNESDAY, OCT. 9
10 am Wholesale inventories* Aug. -- 0.1%
2 pm FOMC minutes 9/18
2 pm Federal budget* Oct. -- -$75 bln
THURSDAY, OCT. 10
8:30 am Weekly jobless claims 10/5 N/A 308,000
8:30 am Import price index* Sept. 0.2% 0.0%
FRIDAY, OCT. 11
8:30 am Retail sales* Sept. 0.2% 0.2%
8:30 am Retail sales ex-autos* Sept. 0.4% 0.1%
8:30 am Producer price index* Sept 0.2% 0.3%
8:30 am Core PPI* Sept. 0.1% 0.0%
9:55 am UMich consumer sentiment index Oct. 78.2 77.5
10 am Business inventories* Aug. 0.3% 0.4%