Special report by epic reseach 2 september 2013

DAILY REPORT

2nd SEPT. 2013

YOUR MINTVISORY Call us at +91-731-6642300

Global markets at a glance

Asian markets mostly rose on Friday following upbeat US

economic growth data and easing concerns about an im-

minent strike on Syria although gains were capped by mild

profit-taking following the previous day's gains. Shanghai

ended flat, edging up 1.16 points to 2,098.38, while Hong

Kong closed up 0.12 percent, or 26.59 points at 21,731.37.

Today Asian Markets are trading positive.

U.S. stocks fell on Friday after the U.S. government laid out

a case to launch limited military strikes against Syria.

At the close of U.S. trading, the Dow Jones Industrial Aver-

age finished down 0.21%, the S&P 500 index fell 0.32%,

while the Nasdaq Composite index fell 0.84%.

Wall Street Update

A sharp decline in the Indian rupee, which has fallen by

around 20% against the U.S. dollar since the start of this

year, has worsened the outlook for India’s economic and

financial health. A slowing economy typically hits smaller

companies the most, because they don’t have enough fi-

nancial resources to get through a downturn. In compari-

son, large companies often have huge pools of cash and

access to bank lending, and can continue to grow during

slowdowns.

Previous day Roundup

The Sensex ends up 218.68 points or 1.19 percent at

18619.72, and the Nifty ends at 5471.80, up 62.75

points. About 1146 shares have advanced, 1061 shares

declined, and 185 shares are unchanged.

Index stats

Both Bankex and Bank Nifty gained 1.59% & 1.62% respec-

tively. Although Excluding Metals [down 162.96] and Capi-

tal Goods [down 11.06] all sectors closed on a upside note.

Consumer Durables [up 104.81pts], Oil & Gas [up

54.79pts] , PSU [up 30.22pts]. FMCG [up 95.96 pts], TECK

[up 63.46 pts], Healthcare [up 140.58 pts], IT [up

122.13pts].

World Indices

Index Value % Change

D J l 14,810.31 -0.21

S&P 500 1,632.97 -0.32

NASDAQ 3,589.87 -0.84

EURO STO 2,721.37 -1.34

FTSE 100 6,412.93 -1.08

Nikkei 225 13,513.61 +0.71

Hong Kong 21,948.72 +1.67

Top Gainers

Company CMP Change % Chg

BAJAJ-AUTO 1,832.00 91.55 5.26

CIPLA 417.75 20.10 5.05

TCS 2,030.00 82.90 4.26

Top Losers


JINDALSTEL 221.05 -22.45 -9.22

GRASIM 2,229.00 -72.65 -3.16

RANBAXY 407.00 -11.00 -2.63

TATASTEEL 271.30 -7.05 -2.53

HINDALCO 104.50 -2.60 -2.43

Stocks at 52 Week’s high

Symbol Prev. Close Change %Chg

BOCON 351.00 1.45 0.41

CMAHENDRACY 174.80 5.45 3.22

HCL TECH 1,044.90 27.25 2.68

HEROMOTOCO 2,009.95 36.65 1.86

Top Losers


NIFTY 5,471.80 62.75 +1.16

SENSEX 18,619.72 218.68 +1.19

Stocks at 52 Week’s Low

Symbol Prev. Close Change %Chg

ADANIENT 140.15 -10.65 -7.06

COAL INDIA 254.30 4.00 1.60

CUB 39.90 -0.65 -1.60

FINANTECH 114.00 -27.40 -19.38

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DAILY REPORT

2nd SEPT. 2013


STOCK RECOMMENDATIONS [FUTURE] 1. HIND UNILEVER

HIND UNILEVER is looking strong on charts and long build up has been seen in this stock, we may see more upside in this stock if it continues to sustain above 625levels. We ad-vise buying around 620-625 levels with strict stop loss of 615 for the targets of 635- 650 levels. 2. CIPLA

CIPLA is looking strong on charts and long build up has been seen in this stock, we may see more upside in this stock if it continues to sustain above 410 levels. We advise buying around 415-418 levels with strict stop loss of 410 for the targets of 425-430 levels.

STOCK RECOMMENDATION [CASH] 1. AMBUJA CEMENT

AMBUJA CEMENT is looking strong on charts . We advise buying above 172 with strict stop loss of 168 for the targets of 175-178 levels.

MACRO NEWS

India is set to make a big splash for the first time at the

China-Eurasia Expo being held in Xinjiang province from

next week, showcasing its business strengths in areas such

as IT, Banking and heavy machinery.

India is set to make a big splash for the first time at the

China-Eurasia Expo being held in Xinjiang province from

next week, showcasing its business strengths in areas such

as IT, Banking and heavy machinery.

Petrol price hiked by Rs 2.35 per litre, diesel by 50 paise.

EQUITY CASH & FUTURE

CORPORATE ACTION TODAY

SCRIP ACTION Rs. Per Share

VAKRANSOFT DIVIDEND 0.2

GUFICBIO DIVIDEND 0.05

ASTEC DIVIDEND 0.7


DAILY REPORT

2nd SEPT. 2013


FUTURE & OPTION

MOST ACTIVE PUT OPTION

Symbol Option

Type

Strike

Price

LTP Traded

Volume

(Contracts)

Open

Interest

NIFTY PE 5,200 75.00 2,87,769 44,27,700

NIFTY PE 5,300 98.00 2,61,632 65,02,800

NIFTY PE 5,400 127.75 2,25,588 38,77,350

BANK NIFTY PE 8,000 86.00 11,481 23,226.58

SBIN PE 1,400 33.00 3,396 2,09,250

RELIANCE PE 820 18.50 2,192 1,33,750

INFY PE 3,000 55.00 1,961 1,28,750

MOST ACTIVE CALL OPTION

Symbol Option

Type

Strike

Price

LTP Traded

Volume

(Contracts)

Open

Interest

NIFTY CE 5,500 125.40 3,28,907 33,49,150

NIFTY CE 5,600 81.00 3,24,316 29,57,350

NIFTY CE 5,700 46.70 2,53,633 29,81,550

BANKNIFTY CE 10,000 84.00 13,410 1,69,625

SBIN CE 1,600 42.55 5,492 3,03,750

AXIS BANK CE 900 37.60 3,814 3,61,750

RELIANCE CE 860 27.50 3,845 1,44,500

SBIN CE 1,500 85.00 3,473 1,21,375

JPASSOCIAT CE 40 1.00 3,798 58,92,000

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 121829 3238.78 127417 3393.91 382465 9995.87 -155.12

INDEX OPTIONS 681888 17886.66 640157 16861.54 1621631 44258.00 1025.12

STOCK FUTURES 167030 4009.18 148339 3552.03 995231 25168.59 457.15

STOCK OPTIONS 24587 592.70 24116 574.72 21872 610.10 17.97

TOTAL 1345.12

INDICES S2 S1 PIVOT R1 R2

NIFTY 5308.66 5390.23 5441.76 5523.33 5574.86

NIFTYJUNIOR 10269.93 10382.16 10463.43 10575.66 10656.93

STOCKS IN NEWS Gitanjali Gems seeks Rs 1,000 crore more in loans

from banks.

Indian Bank has revised its interest rates on foreign currency non-resident (Banking) term deposits with immediate effect.

Bharti Airtel emerges as frontrunner to acquire Loop Mobile.

NIFTY FUTURE

Nifty Future as expected closed in the green in the last trading session. We advise buying on dips around 5420-5440 with strict stop loss of 5375 for the targets of 5490-5550 levels.


DAILY REPORT

2nd SEPT. 2013


SILVER

TRADING STRATEGY: SELL SILVER BELOW 53400 TGTS 53230 /52950 SL 53700 GOLD

TRADING STRATEGY: BUY GOLD ABOVE 33280 TGTS 33350/33470 SL 33180 SELL GOLD BELOW 32750 TGTS 32680/32580 SL 32850

COMMODITY ROUNDUP

Gold fell, trimming a fourth weekly gain, after better-than-

expected U.S. economic data backed the case for the Fed-

eral Reserve to slow stimulus just as tensions over Syria

eased, with U.K. lawmakers rejecting military action. U.S.

President Barack Obama is still prepared to proceed with a

limited military strike on Syria even without U.K. support

or an endorsement from UN Security Council

Copper was poised for the biggest monthly advance since

September as economic reports from Japan to the U.S.

signaled the global recovery is strengthening and pros-

pects of an imminent strike against Syria eased. Japan’s

consumer prices rose in July at the fastest pace since 2008,

jobless rate fell and industrial production increased.

The U.S. economy grew more than forecast last quarter.

Concern conflict with Syria will disrupt Middle East oil sup-

plies eased as U.K. Prime Minister David Cameron failed to

gain parliamentary backing for military action.

The global oil market is adequately supplied and doesn’t

require the release of emergency stockpiles, according to

the International Energy Agency. Spot gold prices declined

around 0.9 percent on the back of weak global market sen-

timents. However, sharp downside in prices was capped as

result of rise in SPDR gold holdings coupled with weakness

in the US Dollar Index (DX). In the Indian markets, appre-

ciation in the Rupee exerted downside in prices on the

MCX.

Mentha oil gained 1.04%. November contract rose to a

high of 9702 Rs/kg. Recovery in Indian rupee witnessed

downtrend in Indian commodities. Lead August has fallen

3.46% to 143.96 Rs/kg as of 05.04 pm IST. Profit booking

was seen for Lead at higher levels. September has fallen to

3.24% to 143.30. Nickel August has fallen 3.50% to 925 Rs/

kg. For Gold June, support is now seen at 910, 900 and re-

sistance at 945 & 960.

COMMODITY MCX


DAILY REPORT

2nd SEPT. 2013


RECOMMENDATIONS CASTORSEED

BUY CASTORSEED SEP ABOVE 3620 TG 3645,3690 SL 3570 SELL CASTORSEED SEP BELOW 3500 TG 3475,3440 SL

3550

DHANIYA

BUY DHANIYA SEP ABOVE 5775 TG 5800,5850 SL 5730 SELL DHANIYA SEP BELOW 5730 TG 5700,5660 SL 5780

NCDEX ROUNDUP India’s total sown area for Kharif, according to the reports

received from various states, stands at 1003.82 lakh hec-

tare as compared to 939.61 hectare at this time last year.

Soybean prices (November) on Chicago Board of Trade

(CBOT) declined on Friday as a result of profit booking.

However, the futures have risen 13.1 percent in August,

the biggest ever monthly jump. Soybean August has fallen

to 2.93% to 3465 Rs/qtl.

India has sold 350,000 to 400,000 tons of new-crop soy-

meal for shipment between October and December on

expectations on higher production and significant depre-

ciation in INR, as per media reports.

On Friday’s session Chana gained 1.75%. The September

contract rose to a high of 3086 Rs/qtl. Wheat and Gur were

also in the gainer’s list. Chana October rose 0.99% to 3156

Rs/qtl. Weak sowing prospects on current year along with

strong export demand in local spot markets impacted

chana prices. Wheat September rose to 0.32% to 1580 Rs/

qtl as of 04.45 pm IST. Guar gum November has declined

3.18% to 5180 Rs/qtl. Lack of fresh overseas demand as

well as huge carryover stocks in key spot markets weighed

on guar futures. December declined 2.25% to 5210 Rs/qtl.

Castor seed September has fallen 2.80% to 3544 Rs/qtl.

NCDEX

NCDEX INDICES

Index Value % Change

Castor Seed 3596 +1.24

Chana 3195 +1.85

Chilli 5808 +3.64

Coriander 5765 +2.95

Cotton Seed Oilcake 1829 -0.44

Jeera 13780 +2.70

Mustard seed 3538 +1.73

Ref Soya Oil 703.8 -0.31

Sugar M Grade 3004 +0.30

Turmeric 5232 +4.02


DAILY REPORT

2nd SEPT. 2013


USD/INR

USD/INR has closed at the level of @66.7275. If it breaks below the level of @66.40, it can touch the level of 65.58 and 64.59. IF it sustains above the level of @68.00, it can touch the level of @68.91 and @69.50. EUR/INR

EUR/INR (NSE/MCX-SX) has closed @87.85. If it breaks the level of 87.85, it can touch the level of 86.71 and 85.41. If it sustains above the level of 90.15, it can touch the level of 91.07 and 92.14.

CURRENCY ROUNDUP

Indian rupee fell by 45 paisa to 67 against the dollar in

opening trade Friday after sharp recovery in previous ses-

sion, but later it gained for a second straight session on

Friday as aggressive central bank intervention and positive

local and regional cues helped. The partially convertible

rupee closed at 65.70/71 per dollar, up 1.3 percent on the

day. It had closed at 66.55/56 on Thursday, after gaining

3.5 percent, in its biggest single-day gain in 15-1/2 years.

The rupee recovered to session highs because of the Re-serve Bank of India (RBI) steps up dollar sales to prevent the currency from falling towards recent record low. The RBI likely sold dollars via state-run banks starting at around 67.20 rupee levels.

On the week, the rupee declined 3.8 percent, its worst weekly performance since the week to September 23, 2011. And it has lost 5.9 percent so far in August, which would be its biggest monthly fall since November 2008.

The Fed is expected to start scaling back its bond-buying program next month. An upward revision to second-quarter U.S. economic growth bolstered the views.

The Forex dollar rose against most major currencies on Friday after the U.S. laid out a case to attack Syria with lim-ited missile strikes, while solid U.S. economic indicators bolstered the greenback as well. In U.S. trading on Friday, EUR/USD was down 0.19% at 1.3216.

Friday's data rekindled expectations that the Federal Re-serve may begin to taper its USD85 billion monthly bond-buying program in September as opposed to later in the year. Monetary stimulus tools such as Federal Reserve as-set purchases weaken the dollar by driving down interest rates, and talk of their dismantling strengthens the green-back.

CURRENCY

RBI Reference Rate

Currency Rate Currency Rate

Rupee- $ 66.5742 Yen-100 67.8300

Euro 88.1605 GBP 103.3431


DAILY REPORT

2nd SEPT. 2013


CALL REPORT

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Disclaimer

PERFORMANCE UPDATES

Date Commodity/ Cur-

rency Pairs Contract Strategy Entry Level Target

Stop

Loss Remark

30/08/13 MCX GOLD OCT. BUY 33900 33970-34100 33800 NOT EXECUTED

30/08/13 MCX GOLD OCT. SELL 33400 33330-33230 33500 BOOKED FULL PROFIT

30/08/13 MCX SILVER SEP. BUY 56250 56420-56820 55850 NOT EXECUTED

30/08/13 MCX SILVER SEP. SELL 55500 55330-54930 55800 BOOKED FULL PROFIT

30/08/13 NCDEX CASTOR SEED SEP BUY 3740 3765-3800 3700 NOY EXECUTED

30/08/13 NCDEX CASTOR SEED SEP SELL 3640 3615-3580 3680 BOOKED FULL PROFIT

30/08/13 NCDEX DHANIYA SEP BUY 5730 5755-5790 5680 BOOKED PROFIT

30/08/13 NCDEX DHANIYA SEP SELL 5680 5665-5620 5725 BOOKED PROFIT

30/08/13 USD/INR AUG SELL 67.10 66.48-66.15 BOOKED PROFIT

30/08/13 GBP/INR AUG SELL 103.60 103.05-102.34 BOOKED PROFIT

Date Scrip

CASH/

FUTURE/

OPTION

Strategy Entry Level Target Stop

Loss Remark

30/08/13 NIFTY FUTURE BUY 5350-5375 5450-5480 5300 NOT EXECUTED

30/08/13 RELIANCE FUTURE BUY 840-845 865-880 805

30/08/13 LUPIN FUTURE BUY 815 828-840 800

30/08/13 AMTEK INDIA CASH BUY 76 79-85 71

US ECONOMIC REPORT

TIME (ET) REPORT PERIOD ACTUAL CONSENSUS FORECAST PREVIOUS

TUESDAY, SEPT.3

9 AM MARKIT PMI AUG. -- 53.9

10 AM ISM AUG. 54.0% 55.4%

10 AM CONSTRUCTION SPENDING JULY 0.4% -0.6%

WEDNESDAY, SEPT.4

8:30 AM TRADE DEFICIT JULY -$38.0 bln -$34.2 bln

TBA MOTOR VEHICLE SALES AUG. 15.8 mln 15.7 mln

2 PM BEIGE BOOK

THURSDAY, SEPT. 5

8:15 AM ADP EMPLOYMENT AUG. 190,000 200,000

8:30 AM WEEKLY JOBLESS CLAIMS 8/31 N/A N/A

8:30 AM PRODUCTIVITY 2Q 1.2% 0.9%

10 AM ISM NONMANUFACTURING AUG. 55.0% 56.0%

10 AM FACTORY ORDERS JULY -- 1.5%

FRIDAY, SEPT. 6

8:30 AM NONFARM PAYROLLS AUG. 165,000 162,000

8:30 AM UNEMPLOYMENT RATE AUG. 7.4% 7.4%


Economy & Finance

Special report by epic reseach 2 september 2013