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DAILY REPORT
08th
OCTOBER. 2013
YOUR MINTVISORY Call us at +91-731-6642300
Global markets at a glance
European stocks dropped on Monday in thin volumes, with
one benchmark index hitting a four-week low as investors
fretted over lack of progress in resolving Washington's
budget standoff. The euro zone's blue-chip Euro STOXX 50
index was down 1.1 %, at 2,897.38 points. UK's FTSE 100
index was down 0.8 %, Germany's DAX index down 1.1 %
and France's CAC 40 down 1 %.
The Nikkei share average dropped to a one-month low on
Monday as the lack of progress in resolving the U.S.
budget standoff left investors increasingly frustrated. The
Nikkei dropped 1.2 % to 13,853.32 after falling to as low as
13,841.93, the lowest level since Sept. 6. The index fell for
a fourth day.
Wall Street Update
U.S. Democrats and Republicans came no closer on Sunday
to a budget agreement that would end a government shut-
down, let alone reaching a deal on the U.S. borrowing limit
by Oct. 17 to avoid what would be an unprecedented de-
fault. U.S. Standard & Poor's 500 e-mini futures dipped 0.1
percent in Asian trade after the cash index ended down
0.9 percent on Monday and dropped for the 10th time in
the past 13 sessions. U.S. Treasury futures added 4-1/2
ticks.
Previous day Roundup
After a tepid session on negative global cues, the market
ended on a flat down. The Sensex closed down 20.85
points at 19895.10 while the Nifty managed to end above
the 5900 at 5906.15, down 1.15 points. About 1255
shares advanced, 1077 shares declined, and 150 shares
were unchanged.
Index stats
Bank Nifty & Bankex both declined 1.13% & 1.16% respec-
tively, the sectors which were in positive move in yester-
day’s session were; Healthcare [up 83.18pts], IT [up
97.22pts], FMCG [up 0.15pts], Metals [up 79.66pts], TECK
[up 40.48pts], Power [up 6.91pts]. The sectors declined
were: Consumer Durables [down 17.02pts], Capital Goods
[down 31.33pts], AUTO [down 22.08pts], , Oil & Gas [down
22.29pts], PSU [down 22.45pts], REALTY [down 3.94pts].
World Indices
Index Value % Change
D J l 14,936.24 -0.90
S&P 500 1,676.12 -0.85
NASDAQ 3,770.38 -0.98
EURO STO 2,923.04 -0.18
FTSE 100 6,437.28 -0.26
Nikkei 225 13,843.01 -0.07
Hong Kong 23,029.45 +0.24
Top Gainers
Company CMP Change % Chg
RANBAXY 379.90 19.70 +5.47
TATASTEEL 301.45 13.00 +4.51
BPCL 355.40 13.95 +4.09
TCS 2,095.75 62.15 +3.06
HINDALCO 121.65 3.60 +3.05
Top Losers
Company CMP Change % Chg
COAL INDIA 300.00 10.05 -3.24
BHARTIARTL 321.85 6.50 -1.98
AXISBANK 1,071.00 21.55 -1.97
ICICIBANK 916.65 13.95 -1.50
MARUTI 1,408.10 20.40 -1.48
Stocks at 52 Week’s high
Symbol Prev. Close Change %Chg
HCLTECH 1,118.00 21.20 +1.93
JUSTDIAL 930.00 -99.45 -9.66
SUNPHARMA 604.65 4.20 +0.70
TCS 2,095.75 62.15 +3.06
TECHM 1,447.55 46.85 +3.34
Indian Indices
Company CMP Change % Chg
NIFTY 5,906.15 -1.15 -0.02
SENSEX 19,895.10 -20.85 -0.10
Stocks at 52 Week’s Low
Symbol Prev. Close Change %Chg
FLFL 114.05 6.00 -5.00
JSL 36.80 -0.05 -0.14
DAILY REPORT
08th
OCTOBER. 2013
YOUR MINTVISORY Call us at +91-731-6642300
STOCK RECOMMENDATIONS [FUTURE]
1. TECH MAHINDRA
TECH MAHINDRA is looking strong on charts, long build up
has been seen, we may see more upside, if it continues to
sustain above 1450. We advise buying around 1450-1460
levels with strict stop loss of 1420 for targets of 1475-1490.
2. RANBAXY
RANBAXY FUTURE is looking strong on charts, long build up
has been seen, we may see more upside, if it continues to
sustain above 390. We advise buying above 390 with strict
stop loss of 378 for the targets of 398-410 levels.
STOCK RECOMMENDATION [CASH]
1. APAR INDUSTRIES LTD
APAR INDUSTRIES LTD is looking strong on charts . We ad-
vice buying above 107 with strict stop loss of 102 for the
targets of 112-115 levels.
MACRO NEWS
The finance ministry may raise statutory wage ceiling
for PF contributions to Rs 15,000 per month from Rs
6,500. that can sharply reduce govt's borrowing costs,
bring long-term savings into cash strapped infrastruc-
ture sectors, deepen corporate bond market & even
make Indian stocks less vulnerable to whims of FII.
The ministry of disinvestment and ministry of power
have been working on offer-for-sale of NHPC and that
also has not been finalized yet. As far as buyback goes,
there is no decision in the company to go for it.
Force Motors Ltd reported a 40.70 per cent rise in net
profit at Rs 26.93 crore for the quarter ended Septem-
ber 30, 2013 on the account of tax gains.
CRISIL on Monday said credit quality of India Inc is on a
"slippery wicket" due to demand slowdown and liquid-
ity issues, and that banks will therefore see further slip-
pages in the already deteriorating asset quality.
Chinese markets will reopen on Tuesday after a week
long holiday on account of National Day.
India's Apollo Tyres Ltd and Cooper Tire & Rubber Co
are at odds over whether Apollo can reduce the price
for its proposed takeover of the U.S. firm, the latest
hurdle in a deal beset by lawsuits and labor issues.
EQUITY CASH & FUTURE
DAILY REPORT
08th
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 5,700 73.85 1,96,655 49,39,050
NIFTY PE 5,800 99.80 1,89,347 44,11,700
NIFTY PE 5,600 54.00 1,28,852 40,50,850
BANK NIFTY PE 9,500 181.20 11,446 2,16,800
SBIN PE 1,600 54.60 3,675 2,55,000
INFY PE 2,600 55.70 3,339 4,98,125
RELIANCE PE 840 23.90 2,616 4,82,750
ICICIBANK PE 900 34.55 1,363 1,1,68,250
MOST ACTIVE CALL OPTION
Symbol Option
Type
Strike
Price
LTP Traded
Volume
(Contracts)
Open
Interest
NIFTY CE 6,100 82.20 2,31,740 47,51,650
NIFTY CE 6,000 126.00 2,30,044 40,66,150
NIFTY CE 6,200 49.55 1,88,932 31,92,850
BANKNIFTY CE 10,500 245.05 12,722 2,43,475
SBIN CE 1,700 46.50 2,964 2,81,250
RELIANCE CE 900 12.40 2,928 7,27,250
INFY CE 3,500 54.60 2,528 5,00,250
RANBAXY CE 400 15.60 2,187 7,93,500
TATASTEEL CE 300 16.50 1,840 7,58,000
FII DERIVATIVES STATISTICS
BUY OPEN INTEREST AT THE END OF THE DAYSELL
No. of
Contracts
Amount in
Crores
No. of
Contracts
Amount in
Crores
No. of
Contracts
Amount in
Crores
NET AMOUNT
INDEX FUTURES 68554 1984.36 78160 2252.72 395859 11484.72 -268.36
INDEX OPTIONS 430767 12381.24 446363 12849.55 1779938 52389.05 -468.32
STOCK FUTURES 46917 1303.55 51594 1413.81 919851 25732.94 -110.26
STOCK OPTIONS 25705 682.18 28679 766.33 55320 1499.98 -84.15
TOTAL -931.09
INDICES S2 S1 PIVOT R1 R2
NIFTY 5795.18 5850.66 5881.33 5936.81 5967.48
NIFTYJUNIOR 11483.88 11542.06 11575.53 11633.71 11667.18
STOCKS IN NEWS
Reliance Infra to commission 5 million tonnes per
annum cement unit in October
JSW Steel acquires Heidelberg Cement's Raigad
grinding unit
Ranbaxy Laboratories hunts for FDA is looking to
buy a manufacturing facility in India.
Tatas to operate Taj Mansingh for three-six
months after lease ends.
GAIL, NTPC are renting out the Dabhol plant (1,967
-MW unit) to pvt electricity generators.
Tata Steel can raise upto Rs 5200- 5300 crore by
stake sales.
NIFTY FUTURE
Nifty Future as expected closed in the green in last
trading day. We advise buying on dips around 5920-
5930 with stop loss of 5890 for targets of 5960-5980.
DAILY REPORT
08th
OCTOBER. 2013
YOUR MINTVISORY Call us at +91-731-6642300
RECOMMENDATIONS
SILVER
TRADING STRATEGY:
BUY SILVER ABOVE 49900TGTS 50200/50500 SL 49500
SELL SILVER BELOW 49250 TGTS 48950/48650 SL 49600
GOLD
TRADING STRATEGY:
BUY GOLD ABOVE 29600 TGTS 29700/29800 SL 29470
SELL GOLD BELOW 29330 TGTS 29230/ 29130 SL 29450
COMMODITY ROUNDUP
Crude oil prices edged lower in Asian trade today on grow-
ing concerns that the US budget crisis could spiral into a
devastating debt default and ravage the global econ-
omy. MCX crude oil futures for October delivery was seen
trading down by 0.28% at Rs. 6368 per barrel as of 15.03
IST on Monday. WTI crude oil for November delivery was
seen trading with a loss of $1.15 at $102.69 per barrel as
of 14.59 IST on Monday.
India gold futures edged up on Monday amid a steady
trend on Comex and depreciation of Indian Rupee against
US Dollar. Upcoming physical festive demand for the yel-
low metal was seen supporting MCX gold prices to certain
extent. INR was seen touching 61.85 against USD, a depre-
ciation of 0.78% as of 16.02 IST on Monday. Gold futures
for December delivery on India's Multi Commodity Ex-
change was seen trading up by 0.80% at Rs.29322 per 10
grams as of 15.34 IST on Monday.MCX silver December
delivery was seen trading up by 0.81% at Rs.48588 per
kilogram as of 15.44 IST on Monday. Comex gold futures
for December delivery on electronic platform was seen
trading with a gain of $2.9 at $1312.8 per troy ounce while
silver was seen trading at $21.76 per troy ounce as of
16.00 IST on Monday.
MCX copper futures for November delivery was seen trad-
ing down by 0.29% at Rs. 452.90 per kilogram as of 16.33
IST while copper on London Metal Exchange (LME) for de-
livery in three months was seen trading up by 0.83% at
$7191 a metric ton as of 14.35 IST on Monday.
If US government fails to raise borrowing limit by October
17, then there would be serious consequences on the
economy. Gold traders are eyeing on upcoming physical
demand from Asia, especially from India which is expected
to go up ahead of upcoming festive demand.
Data from the U.S. Mint show that so far in October, 6,000
ounces of gold coins were sold month-to-date, said Bar-
clays Capital in a research note. All four sizes of American
Eagle gold coins advanced in September. Sales accumu-
lated to 13,000 ounces, marking a 13% increase from the
prior month yet tumbling 81% from the same time last
year.
COMMODITY MCX
DAILY REPORT
08th
OCTOBER. 2013
YOUR MINTVISORY Call us at +91-731-6642300
RECOMMENDATIONS
CASTORSEED
BUY CASTORSEED ABOVE 3565 TG 3595,3625 SL 3525
SELL CASTORSEED BELOW 3500 TG 3470,3440 SL 3550
DHANIYA
BUY DHANIYA ABOVE 6280 TG 6310,6340 SL 61 6240
SELL DHANIYA BELOW 5900TG 5870,5840 SL 5950
NCDEX ROUNDUP
Cotton yarn exports from India, which has touched 120 mn
kg per month, is likely to drop by 20% in the current fiscal
following the UPA govt's sudden decision to remove the
exports benefits under focus market scheme (FMS) on cot-
ton yarn. FMS is aimed at developing new markets across
the globe for Indian products. In the first week of October
last year, price of a candy of cotton (Sankar 6 variety) was
32,900 and the price of a kg of cotton yarn was 228. But
this year cotton prices have climbed to 48,500 a candy and
the cotton yarn prices is hovering around 256 a kg.
Maize production in India this year is likely to touch record
25 million tonnes as adequate monsoon rains trigger
higher acreage across growing states. According to data
available from Ministry of Agriculture, area of maize as on
October 2 has risen by 11% to 82.24 lakh hectare as
against 74 lakh hectare in the corresponding period of last
year.
Chana Soars, Spot Prices Around Two Week Highs ; Chana
futures soared yaeterday. Good demand in ready daals
market pushed up Chana prices today, ensuring that the
commodity extends its recent recovery. Arrivals in Delhi
market are steady at 40 trucks today. The supplies have
hovered in the range of around 30/40 trucks per day in last
few weeks. Good demand is seen in Urad and Masoor.
NCDEX
NCDEX INDICES
Index Value % Change
Barley 1215 -0.45
Castor Seed 3521 +0.11
Chana 3002 +3.45
Chilli 5782 -0.28
Coriander 6216 +4.00
Cotton Seed Oilcake 1489 -0.33
Jeera 12807.5 +1.11
Mustard seed 3513 +0.69
Ref Soya Oil 683.9 +1.06
Turmeric 4788 +1.10
DAILY REPORT
08th
OCTOBER. 2013
YOUR MINTVISORY Call us at +91-731-6642300
USD/INR
USD/INR has closed @62.2350. If it breaks 61.95, it can
touch the level of 61.76 & 61.38. If it sustains above the
level of 62.95, it can touch the level of 63.20 & 63.61.
GBP/INR
GBP/INR has closed @100.0525. If it breaks 99.35, it can
touch the level of 99.00 & 98.78. If it sustains above the
level of 100.55 it can touch the level of 100.85 & 101.44.
CURRENCY ROUNDUP
The RBI will look at easing restrictions on the forex futures
market once the rupee stabilizes. RBI is also in talks
with SEBI on making the dollar-rupee over-the-counter
and futures market trades on a delivery basis.
In line with equity market, the rupee snapped its three-day
winning spree and was lower by 34 paisa at 61.78 in late
morning trade today on renewed dollar demand from
banks and importers amid its higher value overseas. The
rupee resumed lower at 61.50 per dollar as against the last
weekend's level of 61.44 at the Interbank Foreign Ex-
change Market. It dropped further to 61.85 before quoting
61.78 per dollar at 1045 hours. It moved in a range of
61.50 and 61.85 per dollar during the morning deals.
The Indian Rupee appreciated by 0.5 % on Friday's trading
session and closed at 61.44 on the back of struggling Dollar
index. Further, Foreign fund flows and selling of dollar by
companies supported currency to gain strength. Addition-
ally, RBI measures to attract more Inflows and ease in Geo-
political tensions acted as positive factors for the Indian
Rupee. However, weak economic data from the country
curbed sharp appreciation in the Indian Rupee.
The dollar skidded to near an eight-month low on Tuesday
as the U.S. government shutdown entered its second
week, leaving investors on tenterhooks as politicians in
Washington made little headway in agreeing a deal to
avoid an historic U.S. debt default. The dollar was steady at
79.979 against a basket of major currencies after slipping
0.2% overnight to not far from an eight-month trough
touched last week. Against the yen, the greenback held
steady at 96.80 yen after falling as much as 0.2% to 96.55
yen, hitting an eight-week low earlier in the Asian session.
It dropped 0.8 percent overnight to mark its biggest de-
cline against the Japanese currency since Sept. 18, when
the Federal Reserve shocked investors by deciding to con-
tinue its stimulus program.
CURRENCY
RBI Reference Rate
Currency Rate Currency Rate
Rupee- $ 61.7760 Yen-100 63.6200
Euro 83.8360 GBP 99.0640
DAILY REPORT
08th
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
07/10/13 MCX GOLD OCT. BUY 29290 29390-29490 29190 NOT EXECUTED
07/10/13 MCX GOLD DEC. SELL 28900 28800-28700 29120 BOOKED FULL PROFIT
07/10/13 MCX SILVER OCT. BUY 48620 48920-49220 48200 NOT EXECUTED
07/10/13 MCX SILVER DEC. SELL 47700 47400-47100 48100 BOOKED FULL PROFIT
07/10/13 NCDEX CASTOR SEED OCT. SELL 3470 3440-3410 3520 NOT EXECUTED
07/10/13 NCDEX CASTOR SEED OCT. BUY 3590 3620-3650 3540 NOT EXECUTED
07/10/13 NCDEX DHANIYA OCT. BUY 6110 6140-6170 6050 BOOKED FULL PROFIT
07/10/13 NCDEX DHANIYA OCT. SELL 5900 5870-5840 5950 NOT EXECUTED
07/10/13 GBP/INR OCT. SELL 99.20 99.00-98.78 NOT EXECUTED
07/10/13 EUR/INR OCT. SELL 84.05 83.90-83.80 NOT EXECUTED
07/10/13 GBP/INR OCT. BUY 100.50 100.85-101.12 NOT EXECUTED
07/10/13 EUR/INR OCT. BUY 84.80 84.95-85.20 NOT EXECUTED
Date Scrip
CASH/
FUTURE/
OPTION
Strategy Entry Level Target Stop Loss Remark
07/10/13 NIFTY FUTURE BUY 5930-5950 5980-5990 5900 CALL OPEN
07/10/13 ARVIND FUTURE BUY 90 92-94 87 BOOKED PROFIT
07/10/13 ZEE FUTURE BUY 248-251 255-258 245 NOT EXECUTED
07/10/13 TBZ CASH BUY 142 147-152 135 BOOKED 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 SL TRIGGERED
04/10/13 BANK OF INDIA CASH BUY 175 179-182 170 BOOKED PROFIT
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Users have the right to choose the product/s that suits them the most. Sincere efforts have been made to present the right investment perspective. The information contained herein is based on
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does not provide individually tailor-made investment advice. Epic research recommends that investors independently evaluate particular investments and strategies, and encourages investors to
seek the advice of a financial adviser. Epic research shall not be responsible for any transaction conducted based on the information given in this report, which is in violation of rules and regula-
tions of NSE and BSE. The share price projections shown are not necessarily indicative of future price performance. The information herein, together with all estimates and forecasts, can change
without notice. Analyst or any person related to epic research might be holding positions in the stocks recommended. It is understood that anyone who is browsing through the site has done so
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vided by us to/with anyone which is received directly or indirectly by them. If found so then Serious Legal Actions can be taken.
TIME (ET) REPORT PERIOD ACTUAL CONSENSUS FORECAST PREVIOUS
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%

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Special report by epic reseach 8 october 2013

  • 1. DAILY REPORT 08th OCTOBER. 2013 YOUR MINTVISORY Call us at +91-731-6642300 Global markets at a glance European stocks dropped on Monday in thin volumes, with one benchmark index hitting a four-week low as investors fretted over lack of progress in resolving Washington's budget standoff. The euro zone's blue-chip Euro STOXX 50 index was down 1.1 %, at 2,897.38 points. UK's FTSE 100 index was down 0.8 %, Germany's DAX index down 1.1 % and France's CAC 40 down 1 %. The Nikkei share average dropped to a one-month low on Monday as the lack of progress in resolving the U.S. budget standoff left investors increasingly frustrated. The Nikkei dropped 1.2 % to 13,853.32 after falling to as low as 13,841.93, the lowest level since Sept. 6. The index fell for a fourth day. Wall Street Update U.S. Democrats and Republicans came no closer on Sunday to a budget agreement that would end a government shut- down, let alone reaching a deal on the U.S. borrowing limit by Oct. 17 to avoid what would be an unprecedented de- fault. U.S. Standard & Poor's 500 e-mini futures dipped 0.1 percent in Asian trade after the cash index ended down 0.9 percent on Monday and dropped for the 10th time in the past 13 sessions. U.S. Treasury futures added 4-1/2 ticks. Previous day Roundup After a tepid session on negative global cues, the market ended on a flat down. The Sensex closed down 20.85 points at 19895.10 while the Nifty managed to end above the 5900 at 5906.15, down 1.15 points. About 1255 shares advanced, 1077 shares declined, and 150 shares were unchanged. Index stats Bank Nifty & Bankex both declined 1.13% & 1.16% respec- tively, the sectors which were in positive move in yester- day’s session were; Healthcare [up 83.18pts], IT [up 97.22pts], FMCG [up 0.15pts], Metals [up 79.66pts], TECK [up 40.48pts], Power [up 6.91pts]. The sectors declined were: Consumer Durables [down 17.02pts], Capital Goods [down 31.33pts], AUTO [down 22.08pts], , Oil & Gas [down 22.29pts], PSU [down 22.45pts], REALTY [down 3.94pts]. World Indices Index Value % Change D J l 14,936.24 -0.90 S&P 500 1,676.12 -0.85 NASDAQ 3,770.38 -0.98 EURO STO 2,923.04 -0.18 FTSE 100 6,437.28 -0.26 Nikkei 225 13,843.01 -0.07 Hong Kong 23,029.45 +0.24 Top Gainers Company CMP Change % Chg RANBAXY 379.90 19.70 +5.47 TATASTEEL 301.45 13.00 +4.51 BPCL 355.40 13.95 +4.09 TCS 2,095.75 62.15 +3.06 HINDALCO 121.65 3.60 +3.05 Top Losers Company CMP Change % Chg COAL INDIA 300.00 10.05 -3.24 BHARTIARTL 321.85 6.50 -1.98 AXISBANK 1,071.00 21.55 -1.97 ICICIBANK 916.65 13.95 -1.50 MARUTI 1,408.10 20.40 -1.48 Stocks at 52 Week’s high Symbol Prev. Close Change %Chg HCLTECH 1,118.00 21.20 +1.93 JUSTDIAL 930.00 -99.45 -9.66 SUNPHARMA 604.65 4.20 +0.70 TCS 2,095.75 62.15 +3.06 TECHM 1,447.55 46.85 +3.34 Indian Indices Company CMP Change % Chg NIFTY 5,906.15 -1.15 -0.02 SENSEX 19,895.10 -20.85 -0.10 Stocks at 52 Week’s Low Symbol Prev. Close Change %Chg FLFL 114.05 6.00 -5.00 JSL 36.80 -0.05 -0.14
  • 2. DAILY REPORT 08th OCTOBER. 2013 YOUR MINTVISORY Call us at +91-731-6642300 STOCK RECOMMENDATIONS [FUTURE] 1. TECH MAHINDRA TECH MAHINDRA is looking strong on charts, long build up has been seen, we may see more upside, if it continues to sustain above 1450. We advise buying around 1450-1460 levels with strict stop loss of 1420 for targets of 1475-1490. 2. RANBAXY RANBAXY FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it continues to sustain above 390. We advise buying above 390 with strict stop loss of 378 for the targets of 398-410 levels. STOCK RECOMMENDATION [CASH] 1. APAR INDUSTRIES LTD APAR INDUSTRIES LTD is looking strong on charts . We ad- vice buying above 107 with strict stop loss of 102 for the targets of 112-115 levels. MACRO NEWS The finance ministry may raise statutory wage ceiling for PF contributions to Rs 15,000 per month from Rs 6,500. that can sharply reduce govt's borrowing costs, bring long-term savings into cash strapped infrastruc- ture sectors, deepen corporate bond market & even make Indian stocks less vulnerable to whims of FII. The ministry of disinvestment and ministry of power have been working on offer-for-sale of NHPC and that also has not been finalized yet. As far as buyback goes, there is no decision in the company to go for it. Force Motors Ltd reported a 40.70 per cent rise in net profit at Rs 26.93 crore for the quarter ended Septem- ber 30, 2013 on the account of tax gains. CRISIL on Monday said credit quality of India Inc is on a "slippery wicket" due to demand slowdown and liquid- ity issues, and that banks will therefore see further slip- pages in the already deteriorating asset quality. Chinese markets will reopen on Tuesday after a week long holiday on account of National Day. India's Apollo Tyres Ltd and Cooper Tire & Rubber Co are at odds over whether Apollo can reduce the price for its proposed takeover of the U.S. firm, the latest hurdle in a deal beset by lawsuits and labor issues. EQUITY CASH & FUTURE
  • 3. DAILY REPORT 08th 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 5,700 73.85 1,96,655 49,39,050 NIFTY PE 5,800 99.80 1,89,347 44,11,700 NIFTY PE 5,600 54.00 1,28,852 40,50,850 BANK NIFTY PE 9,500 181.20 11,446 2,16,800 SBIN PE 1,600 54.60 3,675 2,55,000 INFY PE 2,600 55.70 3,339 4,98,125 RELIANCE PE 840 23.90 2,616 4,82,750 ICICIBANK PE 900 34.55 1,363 1,1,68,250 MOST ACTIVE CALL OPTION Symbol Option Type Strike Price LTP Traded Volume (Contracts) Open Interest NIFTY CE 6,100 82.20 2,31,740 47,51,650 NIFTY CE 6,000 126.00 2,30,044 40,66,150 NIFTY CE 6,200 49.55 1,88,932 31,92,850 BANKNIFTY CE 10,500 245.05 12,722 2,43,475 SBIN CE 1,700 46.50 2,964 2,81,250 RELIANCE CE 900 12.40 2,928 7,27,250 INFY CE 3,500 54.60 2,528 5,00,250 RANBAXY CE 400 15.60 2,187 7,93,500 TATASTEEL CE 300 16.50 1,840 7,58,000 FII DERIVATIVES STATISTICS BUY OPEN INTEREST AT THE END OF THE DAYSELL No. of Contracts Amount in Crores No. of Contracts Amount in Crores No. of Contracts Amount in Crores NET AMOUNT INDEX FUTURES 68554 1984.36 78160 2252.72 395859 11484.72 -268.36 INDEX OPTIONS 430767 12381.24 446363 12849.55 1779938 52389.05 -468.32 STOCK FUTURES 46917 1303.55 51594 1413.81 919851 25732.94 -110.26 STOCK OPTIONS 25705 682.18 28679 766.33 55320 1499.98 -84.15 TOTAL -931.09 INDICES S2 S1 PIVOT R1 R2 NIFTY 5795.18 5850.66 5881.33 5936.81 5967.48 NIFTYJUNIOR 11483.88 11542.06 11575.53 11633.71 11667.18 STOCKS IN NEWS Reliance Infra to commission 5 million tonnes per annum cement unit in October JSW Steel acquires Heidelberg Cement's Raigad grinding unit Ranbaxy Laboratories hunts for FDA is looking to buy a manufacturing facility in India. Tatas to operate Taj Mansingh for three-six months after lease ends. GAIL, NTPC are renting out the Dabhol plant (1,967 -MW unit) to pvt electricity generators. Tata Steel can raise upto Rs 5200- 5300 crore by stake sales. NIFTY FUTURE Nifty Future as expected closed in the green in last trading day. We advise buying on dips around 5920- 5930 with stop loss of 5890 for targets of 5960-5980.
  • 4. DAILY REPORT 08th OCTOBER. 2013 YOUR MINTVISORY Call us at +91-731-6642300 RECOMMENDATIONS SILVER TRADING STRATEGY: BUY SILVER ABOVE 49900TGTS 50200/50500 SL 49500 SELL SILVER BELOW 49250 TGTS 48950/48650 SL 49600 GOLD TRADING STRATEGY: BUY GOLD ABOVE 29600 TGTS 29700/29800 SL 29470 SELL GOLD BELOW 29330 TGTS 29230/ 29130 SL 29450 COMMODITY ROUNDUP Crude oil prices edged lower in Asian trade today on grow- ing concerns that the US budget crisis could spiral into a devastating debt default and ravage the global econ- omy. MCX crude oil futures for October delivery was seen trading down by 0.28% at Rs. 6368 per barrel as of 15.03 IST on Monday. WTI crude oil for November delivery was seen trading with a loss of $1.15 at $102.69 per barrel as of 14.59 IST on Monday. India gold futures edged up on Monday amid a steady trend on Comex and depreciation of Indian Rupee against US Dollar. Upcoming physical festive demand for the yel- low metal was seen supporting MCX gold prices to certain extent. INR was seen touching 61.85 against USD, a depre- ciation of 0.78% as of 16.02 IST on Monday. Gold futures for December delivery on India's Multi Commodity Ex- change was seen trading up by 0.80% at Rs.29322 per 10 grams as of 15.34 IST on Monday.MCX silver December delivery was seen trading up by 0.81% at Rs.48588 per kilogram as of 15.44 IST on Monday. Comex gold futures for December delivery on electronic platform was seen trading with a gain of $2.9 at $1312.8 per troy ounce while silver was seen trading at $21.76 per troy ounce as of 16.00 IST on Monday. MCX copper futures for November delivery was seen trad- ing down by 0.29% at Rs. 452.90 per kilogram as of 16.33 IST while copper on London Metal Exchange (LME) for de- livery in three months was seen trading up by 0.83% at $7191 a metric ton as of 14.35 IST on Monday. If US government fails to raise borrowing limit by October 17, then there would be serious consequences on the economy. Gold traders are eyeing on upcoming physical demand from Asia, especially from India which is expected to go up ahead of upcoming festive demand. Data from the U.S. Mint show that so far in October, 6,000 ounces of gold coins were sold month-to-date, said Bar- clays Capital in a research note. All four sizes of American Eagle gold coins advanced in September. Sales accumu- lated to 13,000 ounces, marking a 13% increase from the prior month yet tumbling 81% from the same time last year. COMMODITY MCX
  • 5. DAILY REPORT 08th OCTOBER. 2013 YOUR MINTVISORY Call us at +91-731-6642300 RECOMMENDATIONS CASTORSEED BUY CASTORSEED ABOVE 3565 TG 3595,3625 SL 3525 SELL CASTORSEED BELOW 3500 TG 3470,3440 SL 3550 DHANIYA BUY DHANIYA ABOVE 6280 TG 6310,6340 SL 61 6240 SELL DHANIYA BELOW 5900TG 5870,5840 SL 5950 NCDEX ROUNDUP Cotton yarn exports from India, which has touched 120 mn kg per month, is likely to drop by 20% in the current fiscal following the UPA govt's sudden decision to remove the exports benefits under focus market scheme (FMS) on cot- ton yarn. FMS is aimed at developing new markets across the globe for Indian products. In the first week of October last year, price of a candy of cotton (Sankar 6 variety) was 32,900 and the price of a kg of cotton yarn was 228. But this year cotton prices have climbed to 48,500 a candy and the cotton yarn prices is hovering around 256 a kg. Maize production in India this year is likely to touch record 25 million tonnes as adequate monsoon rains trigger higher acreage across growing states. According to data available from Ministry of Agriculture, area of maize as on October 2 has risen by 11% to 82.24 lakh hectare as against 74 lakh hectare in the corresponding period of last year. Chana Soars, Spot Prices Around Two Week Highs ; Chana futures soared yaeterday. Good demand in ready daals market pushed up Chana prices today, ensuring that the commodity extends its recent recovery. Arrivals in Delhi market are steady at 40 trucks today. The supplies have hovered in the range of around 30/40 trucks per day in last few weeks. Good demand is seen in Urad and Masoor. NCDEX NCDEX INDICES Index Value % Change Barley 1215 -0.45 Castor Seed 3521 +0.11 Chana 3002 +3.45 Chilli 5782 -0.28 Coriander 6216 +4.00 Cotton Seed Oilcake 1489 -0.33 Jeera 12807.5 +1.11 Mustard seed 3513 +0.69 Ref Soya Oil 683.9 +1.06 Turmeric 4788 +1.10
  • 6. DAILY REPORT 08th OCTOBER. 2013 YOUR MINTVISORY Call us at +91-731-6642300 USD/INR USD/INR has closed @62.2350. If it breaks 61.95, it can touch the level of 61.76 & 61.38. If it sustains above the level of 62.95, it can touch the level of 63.20 & 63.61. GBP/INR GBP/INR has closed @100.0525. If it breaks 99.35, it can touch the level of 99.00 & 98.78. If it sustains above the level of 100.55 it can touch the level of 100.85 & 101.44. CURRENCY ROUNDUP The RBI will look at easing restrictions on the forex futures market once the rupee stabilizes. RBI is also in talks with SEBI on making the dollar-rupee over-the-counter and futures market trades on a delivery basis. In line with equity market, the rupee snapped its three-day winning spree and was lower by 34 paisa at 61.78 in late morning trade today on renewed dollar demand from banks and importers amid its higher value overseas. The rupee resumed lower at 61.50 per dollar as against the last weekend's level of 61.44 at the Interbank Foreign Ex- change Market. It dropped further to 61.85 before quoting 61.78 per dollar at 1045 hours. It moved in a range of 61.50 and 61.85 per dollar during the morning deals. The Indian Rupee appreciated by 0.5 % on Friday's trading session and closed at 61.44 on the back of struggling Dollar index. Further, Foreign fund flows and selling of dollar by companies supported currency to gain strength. Addition- ally, RBI measures to attract more Inflows and ease in Geo- political tensions acted as positive factors for the Indian Rupee. However, weak economic data from the country curbed sharp appreciation in the Indian Rupee. The dollar skidded to near an eight-month low on Tuesday as the U.S. government shutdown entered its second week, leaving investors on tenterhooks as politicians in Washington made little headway in agreeing a deal to avoid an historic U.S. debt default. The dollar was steady at 79.979 against a basket of major currencies after slipping 0.2% overnight to not far from an eight-month trough touched last week. Against the yen, the greenback held steady at 96.80 yen after falling as much as 0.2% to 96.55 yen, hitting an eight-week low earlier in the Asian session. It dropped 0.8 percent overnight to mark its biggest de- cline against the Japanese currency since Sept. 18, when the Federal Reserve shocked investors by deciding to con- tinue its stimulus program. CURRENCY RBI Reference Rate Currency Rate Currency Rate Rupee- $ 61.7760 Yen-100 63.6200 Euro 83.8360 GBP 99.0640
  • 7. DAILY REPORT 08th 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 07/10/13 MCX GOLD OCT. BUY 29290 29390-29490 29190 NOT EXECUTED 07/10/13 MCX GOLD DEC. SELL 28900 28800-28700 29120 BOOKED FULL PROFIT 07/10/13 MCX SILVER OCT. BUY 48620 48920-49220 48200 NOT EXECUTED 07/10/13 MCX SILVER DEC. SELL 47700 47400-47100 48100 BOOKED FULL PROFIT 07/10/13 NCDEX CASTOR SEED OCT. SELL 3470 3440-3410 3520 NOT EXECUTED 07/10/13 NCDEX CASTOR SEED OCT. BUY 3590 3620-3650 3540 NOT EXECUTED 07/10/13 NCDEX DHANIYA OCT. BUY 6110 6140-6170 6050 BOOKED FULL PROFIT 07/10/13 NCDEX DHANIYA OCT. SELL 5900 5870-5840 5950 NOT EXECUTED 07/10/13 GBP/INR OCT. SELL 99.20 99.00-98.78 NOT EXECUTED 07/10/13 EUR/INR OCT. SELL 84.05 83.90-83.80 NOT EXECUTED 07/10/13 GBP/INR OCT. BUY 100.50 100.85-101.12 NOT EXECUTED 07/10/13 EUR/INR OCT. BUY 84.80 84.95-85.20 NOT EXECUTED Date Scrip CASH/ FUTURE/ OPTION Strategy Entry Level Target Stop Loss Remark 07/10/13 NIFTY FUTURE BUY 5930-5950 5980-5990 5900 CALL OPEN 07/10/13 ARVIND FUTURE BUY 90 92-94 87 BOOKED PROFIT 07/10/13 ZEE FUTURE BUY 248-251 255-258 245 NOT EXECUTED 07/10/13 TBZ CASH BUY 142 147-152 135 BOOKED 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 SL TRIGGERED 04/10/13 BANK OF INDIA CASH BUY 175 179-182 170 BOOKED PROFIT The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits them the most. Sincere efforts have been made to present the right investment perspective. The information contained herein is based on analysis and up on sources that we consider reliable. This material is for personal information and based upon it & takes no responsibility. The information given herein should be treated as only factor, while making investment decision. The report does not provide individually tailor-made investment advice. Epic research recommends that investors independently evaluate particular investments and strategies, and encourages investors to seek the advice of a financial adviser. Epic research shall not be responsible for any transaction conducted based on the information given in this report, which is in violation of rules and regula- tions of NSE and BSE. The share price projections shown are not necessarily indicative of future price performance. The information herein, together with all estimates and forecasts, can change without notice. Analyst or any person related to epic research might be holding positions in the stocks recommended. It is understood that anyone who is browsing through the site has done so at his free will and does not read any views expressed as a recommendation for which either the site or its owners or anyone can be held responsible for . Any surfing and reading of the informa- tion is the acceptance of this disclaimer. All Rights Reserved. Investment in equity & bullion market has its own risks. We, however, do not vouch for the accuracy or the completeness thereof. We are not responsible for any loss incurred whatsoever for any financial profits or loss which may arise from the recommendations above epic research does not purport to be an invitation or an offer to buy or sell any financial instrument. Our Clients (Paid or Unpaid), any third party or anyone else have no rights to forward or share our calls or SMS or Report or Any Information Pro- vided by us to/with anyone which is received directly or indirectly by them. If found so then Serious Legal Actions can be taken. TIME (ET) REPORT PERIOD ACTUAL CONSENSUS FORECAST PREVIOUS 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%