special report by epic research 12 november 2013.pdf

8/14/2019 Special Report BY EPIC RESEARCH 12 November 2013.pdf

1/7

DAILY REPORT

12th

NOVEMBER. 2013

YOUR MINTVISORY Call us at +91-731-6642300

Global markets at a glance

Signs of solid U.S. growth supported world equities on

Monday though concern it may mean the Federal Reserve

could soon begin to reduce its stimulus put pressure on

emerging market

The euro market is focused on GDP data later this week for

the 17-nation bloc and from major European countries.

The better growth outlook implied by the jobs report lifted

European shares .FTEU3 in early trading, and boosted Ja-

pan's Nikkei by a hefty 1.3 percent .N225. MSCI's global

barometer of world shares .MIWD00000PUS added 0.15

percent. European shares edged higher in early trading on

Monday, with investors betting that the growing pace ofU.S. economic recovery will offset any negative impact of

the Federal Reserve's likely move to cut stimulus.

Wall Street Update

US stocks edged up on Monday, lifting the Dow to another

record closing high in light volume on Veterans Day while

investors turned their focus to how soon the Federal Re-

serve may begin reducing stimulus. Although stocks closed

higher on Friday, a robust October jobs report rekindled

expectations that the Fed may reduce its stimulus effortssooner than expected

Previous day Roundup

The S&P BSE Sensex extended losses and provisionally

ended at 20,502, down 163 points or 0.8%, weighed by

sharp depreciation in the Indian rupee, a high of 20,672.53

and a low of 20,453.15 in trade yesterday.

The 50-share index ended at 6078.80, down 61 points or

1.01%. It touched a high of 6,141.65 and a low of 6,067.75

in early trade yesterday.

About 1036 shares have advanced, 1338 shares declined,

and 147 shares are unchanged.

Index stats

The Bankex and Bank Nifty both declined 1.42% respec-

tively. All the sectors declined Consumer Durables [down

65.61pts], Capital Goods [down 221.60pts], AUTO [down

154.88pts], FMCG [down 81.56pts], Oil & Gas [down

122.15pts], PSU [down 102.53pts], IT [down 13.72pts],

Power [down 24.89], Realty [down 37.81pts], Metals

[down 115.79pts] except TECK [up 4.03pts], Healthcare [up38.30pts].

World Indices

Index Value % ChangeD J l 15,789.10 +0.14

S&P 500 1,771.89 +0.07

NASDAQ 3,919.79 +0.01

EURO STO 3,052.83 +0.59

FTSE 100 6,728.37 +0.30

Nikkei 225 14,526.62 +1.80

Hong Kong 22,976.46 -0.40

Top Gainers

Company CMP Change % ChgDRREDDY 2,470.00 +67.70 +2.82

CAIRN 318.00 +6.95 +2.23

TATASTEEL 360.75 +5.00 +1.41

MARUTI 1,588.45 +7.90 +0.50

HDFCBANK 655.65 +3.15 +0.48

Top Losers

Company CMP Change % ChgHINDALCO 111.00 5.50 -4.72AXISBANK 1,075.40 43.80 -3.91

ACC 1,048.80 40.85 -3.75

INDUSINDBK 412.85 15.60 -3.64

NMDC 132.00 4.85 -3.54

Stocks at 52 Weeks high

Symbol Prev. Close Change %ChgAPLLTD 214.60 10.15 +4.96

BIOCON 372.25 0.25 -0.07

CEATLTD 245.35 7.50 +3.15

HEXAWARE 129.55 4.65 -3.46

JKTYRE 135.40 1.40 +1.04

Indian Indices

Company CMP Change % ChgNIFTY 6,078.80 -61.95 -1.01

SENSEX 20,490.96 -175.19 -0.85

Stocks at 52 Weeks Low

Symbol Prev. Close Change %ChgDEN 140.50 3.05 -2.12

OMAXE 120.25 30.65 -20.26
http://www.epicresearch.co/


2/7

DAILY REPORT

12th

NOVEMBER. 2013


STOCK RECOMMENDATIONS [FUTURE]

1. 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 285, We advise buying above 285 levels with

strict stop loss of 280 for the targets of 290-295 levels.

2. HINDALCO

HINDALCO FUTURE is looking weak on charts, short build up

has been seen, we may see more downside, if it continues

to sustain below 112, We advise selling below 112 levels

with strict stop loss of 115 for the targets of 109-105 levels.

STOCK RECOMMENDATION [CASH]

1. TATA COMMUNICATIONS

TATA COMMUNICATION is looking strong on charts. We

advice buying above 290 levels with strict stop loss of 282

for the targets of 298-305 levels.

MACRO NEWS

State-run Steel Authority of India's (SAIL) second quar-

ter (July-September) net profit more than doubled to Rs

1,180 crore from Rs 543 crore in a year ago period,

driven by one-time gain of Rs 1,056 crore.

The trade deficit for the month of October rose to $10.5

bn as against $6.7 bn, up 56.2% MoM.

While imports rose to $37.8 bn vs $34.4

bn, exports declined to $27.3 bn as against $27.7 bn in

the previous month. This is an increase of 9.8% for im-

ports and a decline of 1.5% for exports on a MoM ba-

sis. The exports for the entire period from April-Oct.

stood at $179.4 bn, up 6.3% YoY. Imports stood at

$270.06 bn, down 3.8% YoY. The oil imports for Oct.

were reported at $15.5 bn. The gold and silver imports

increased to $13.7 bn vs $6.8 bn YoY. Oct. gold & silver

imports stood at $1.4 bn, down 101.4% YoY

Banks borrowed Rs 19400 crore under MSF on Nov 8. EVENTS TODAY- INDIAN CPI INFLATION AT 12:00 PM, MANU-

FACTURING OUTPUT AT 5:30 PM, INDUSTRIAL PRODUCTION

(IIP) DATA AT 5:30 PM.

EQUITY CASH & FUTURE


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12th

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FUTURE & OPTION

MOST ACTIVE PUT OPTION

Symbol OptionType StrikePrice LTP TradedVolume

(Contracts)Open

Interest

NIFTY PE 6,100 77.35 2,98,086 39,66,850

NIFTY PE 6,000 45.05 2,40,558 48,48,000

NIFTY PE 6,200 125.10 1,44,379 35,50,650

BANK NIFTY PE 10,500 148.00 27,601 1,49,250

SBIN PE 1,700 88.30 3,080 1,47,750

MCDOWELL-N PE 2,300 51.40 2,303 1,77,750

RELIANCE PE 880 22.00 1,522 2,63,750

AXISBANK PE 1,100 48.25 1,394 1,34,250

MOST ACTIVE CALL OPTION

Symbol OptionType StrikePrice LTP TradedVolume

(Contracts)Open

InterestNIFTY CE 6,200 61.00 3,28,687 39,66,500

NIFTY CE 6,300 29.15 2,92,182 52,91,200

NIFTY CE 6,400 12.30 1,88,550 40,92,550

BANKNIFTY CE 11,500 75.00 23,221 2,76,225

SBIN CE 1,800 36.40 7,336 4,11,500

RELIANCE CE 900 9.50 3,877 7,79,500

TATAMOTORS CE 400 5.30 4,411 25,30,000

MCDOWELL-N CE 2,500 38.00 3,110 1,71,750

SBIN CE 1,900 15.50 6,036 4,11,500

FII DERIVATIVES STATISTICS

BUY OPEN INTEREST AT THE END OF THE DAYSELL

No. ofContracts

Amount inCrores

No. ofContracts

Amount inCrores

No. ofContracts

Amount inCrores

NET AMOUNT

INDEX FUTURES 67221 2029.10 84491 2559.67 471217 14245.64 -530.57

INDEX OPTIONS 452741 13694.44 436015 13209.72 1567009 47532.03 484.72

STOCK FUTURES 63027 1757.45 73083 1965.27 1054804 28138.79 -207.82

STOCK OPTIONS 44524 1210.83 45372 1227.71 50749 1325.69 -16.88

TOTAL -270.55

INDICES S2 S1 PIVOT R1 R2

NIFTY 6022.16 6050.48 6096.06 6124.38 6169.96NIFTYJUNIOR 11858.96 11922.83 12032.91 12096.78 12206.86

BANK NIFTY 10525.15 10641.8 10791.15 10907.8 11057.15

STOCKS IN NEWS

Unfair trade practices: 7 Coal India related cases be-fore CCI.

SC rejects Essar Oil's plea to extend time to pay tax

dues

Indian Hotels abandons $1.2 bln bid for Orient-

Express.

Alstom bags Rs 100 cr contracts from Power Grid.

NIFTY FUTURE

Nifty Future closed in the red in the last trading ses-

sion. We advise selling around 6150-6180 with strict

stop loss of 6210 for the targets of 6120-6080 levels.


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DAILY REPORT

12th

NOVEMBER. 2013


RECOMMENDATIONS

SILVER

TRADING STRATEGY:

BUY SILVER ABOVE 48480 TGTS 48680 /48880 SL 48180SELL SILVER BELOW 48240 TGTS 48040/47840 SL 48540

GOLD

TRADING STRATEGY:

BUY GOLD ABOVE 30300 TGTS 30380 /30480 SL 30200

SELL GOLD BELOW 29840 TGTS 29760 / 29660 SL 29940

COMMODITY ROUNDUP

Gold slipped 0.4 percent to about $1,282 an ounce, adding

to Friday's 1.5 percent decline and languishing near a three-

week low as expectations the Fed could soon trim its sup-

port for the economy would also reduce inflation risk.

India crude oil imports during October, 2013 valued at US $

15217.6 mn which was 1.7% higher than oil imports valued

at US $ 14957.7 mn in the corresponding period last year.

Oil imports during April-October, 2013-14 were valued at

US $ 98093.7 mn which was 3.3 percent higher than the oil

imports of US $ 94969.2 mn during the same period last

year.

Non-oil imports during October, 2013 were estimated at US

$ 22609.4 mn which was 22.80 per cent lower than non-oil

imports of US $ 29286.1 mn in October, 2012. Brent crude

oil rose 0.25 percent to around $105.40 a barrel after Iran

and six world powers failed to reach a deal on Tehran's nu-

clear program, and after Chinese data pointed to a rise in

fuel demand in the world's biggest energy consumer. Oil

prices built on Friday's 1.6 percent rise when they re-

bounded from a four-month trough.

India copper futures edged up on Monday and was seen

trading on a positive bias. Firm China data released on Sat-

urday and firm US data released last week may have sup-

ported the base metal to certain extent. Copper futures for

November delivery on India's Multi Commodity Exchange

was seen trading with a gain of 0.48% at Rs.459.20 per kilo-

gram as of 14.57 IST on Monday. Weakness in Indian Rupee

may have supported the base metal futures to certain ex-

tent on Monday.

Lead futures prices rose marginally by 0.07% in the after-

noon trade yesterday to trade at Rs 135.50 per kg on rising

demand in spot markets and positive cues from global mar-

kets. At the MCX lead for delivery in November traded 10

paise, or 0.07%, higher at Rs 135.50 per kg, with a turnover

of 1,229 lots.

zinc futures prices rose marginally by 0.08% to Rs 120 per kg

today as speculators enlarged positions. At the MCX zinc for

delivery in November edged up by 10 paise, or 0.08%, to Rs120 per kg, with a business turnover of 413 lots.

COMMODITY MCX


5/7

DAILY REPORT

12th

NOVEMBER. 2013


RECOMMENDATIONS

CASTORSEED

SELL CASTORSEED JAN BELOW 4000 TG 3975,3935 SL 4040

BUY CASTORSEED JAN ABOVE 4110 TG 4135,4175 SL 4070

DHANIYA

SELL DHANIYA DEC BELOW 6920 TG 6890,6850 SL 6960BUY DHANIYA DEC BELOW 7050 TG 7080,7120 SL 7010

NCDEX ROUNDUP

Soyameal exports have jumped nearly four-fold at 1.94 lakh

tonnes (LT) in October as crushing operations of soyabean

started early in the current marketing year, according to

industry data. India exported 34.73 LT of soyameal in 2012-

13 marketing year (October-September). On a financial year

basis, soyameal exports rose by 21% during April 2013 toOctober 2013 is 10.71 LT as compared to 8.88 LT in the

same period of previous year.

Coriander futures prices fell by 1.51% to Rs 6,958 per quin-

tal in futures trade yesterday as speculators booked profits

at existing higher levels on weakening spot market trend. At

MCX, coriander for delivery in Dec. fell by Rs 107, or 1.51%,

to Rs 6,958 per quintal with an open interest of 23,380 lots.

The spice of Nov. delivery declined by Rs 86, or 1.27%, to Rs

6,690 per quintal with an open interest of 3,470 lots. Slug-gish demand in the spot market led to the fall in coriander

futures prices.

Cardamom prices were up by 0.53% to Rs 735 per kg in fu-

tures trade yesterday. Besides, tight stocks position in the

spot market following lower arrivals from producing regions

also influenced prices. At MCX cardamom for delivery in

Nov. rose by Rs 3.90, or 0.53%, to Rs 735 per kg, with a busi-

ness turnover of 12 lots. The spice for delivery in Dec. in-

creased by Rs 3.60, or 0.49%, to Rs 737 per kg with a trading

volume of 309 lots. Firm demand in the physical marketagainst restricted arrivals from producing belts mainly influ-

enced cardamom prices.

NCDEX

NCDEX INDICESIndex Value % ChangeBarley 1272 -0.39

Castor Seed 3728 +3.99

Chana 2980 -0.63

Chilli 6380 +2.05

Coriander 6720 -0.83

Cotton Seed Oilcake 1509 +0.94

Jeera 11975 -1.34

Mustard seed 3665 -2.06

Ref Soya Oil 728.9 +0.46

Turmeric 4500 -2.34


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DAILY REPORT

12th

NOVEMBER. 2013


EUR/INR

EUR/INR has closed @85.2675. If it sustains above the level

of 85.40, it can touch the level of 85.52 & 85.70. If it breaks

the level of 84.50 it can touch the level of 84.28 & 84.05.

JPY/INR

JPY/INR has closed @64.2175. If it sustains above the levelof 64.55, it can touch the level of 64.67 & 65.03. If it breaks

the level of 63.85 it can touch the level of 63.68 & 63.45.

CURRENCY ROUNDUP

The rupee breached 63 per dollar for the first time since

September 30. The Indian currency had slipped in the early

trade against the dollar. It opened lower by 42 paisa at

62.99 per dollar compared to Friday's close of 62.47. Sharp

depreciation had been seen in the Indian rupee against the

US dollar. Indian Rupee was seen touching 63.32 against US

Dollar, a depreciation of 0.05% as of 15.16 IST on Monday.

Dollar/rupee rises to 63.42/44 from its previous close of

62.475/485, after earlier hitting a session high of 63.50, its

highest since Sept. 17.

Dollar/rupee gains tracking weaker local shares and reflect-

ing demand from state-run oil companies.

The dollar held near a two-week high after surprisingly

strong U.S. jobs data on Friday raised expectations that theFed could start tapering stimulus earlier than previously

anticipated, pushing U.S. Treasury yields higher.

Sterling dipped against the euro on Monday, pulling away

from a 10-month high, as investors kept to the sidelines be-

fore this week's Bank of England quarterly inflation report

and jobs data.

The Reserve Bank of India's net sales in the spot foreign ex-

change market rose to $3.55 billion in September from$2.46 billion in August. The Reserve Bank of India said on

Monday it accepted both bids for 300 million rupees at its

one-day reverse repo auction, through which it absorbs ex-

cess liquidity from the banking system. Indian banks' refi-

nancing with RBI falls to 335.80 billion rupees. Indian banks'

cash balances with RBI rise to 3.17 trillion rupees.

The Reserve Bank of India will sell 120 billion rupees ($1.92

billion) of treasury bills on Nov. 13, which includes 60 billion

rupees each of 91-day and 364-day t-bills. The Reserve Bank

of India will sell 150 billion rupees ($2.4 billion) of govern-

ment bonds on Nov. 15.

CURRENCY

RBI Reference Rate

Currency Rate Currency RateRupee- $ 63.2955 Yen-100 63.9700

Euro 84.5950 GBP 101.3614


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DAILY REPORT

12th

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CALL REPORT

Disclaimer

US ECONOMIC REPORT

PERFORMANCE UPDATES

DateCommodity/ Currency

Pairs Contract Strategy Entry Level Target Stop Loss Remark

11/11/13 MCX GOLD DEC BUY 29950 30030-30130 29850 NOT EXECUTED

11/11/13 MCX GOLD DEC. SELL 29600 29520-29420 29700 BOOKED PROFIT

11/11/13 MCX SILVER DEC BUY 48920 49120-49320 48620 NOT EXECUTED

11/11/13 MCX SILVER DEC SELL 47950 47750-47550 48250 BOOKED PROFIT

11/11/13 NCDEX CHANA NOV. SELL 3000 2975-2935 3040 NO PROFIT NO LOSS

11/11/13 NCDEX CHANA NOV. BUY 3080 3105-3145 3040 NOT EXECUTED

11/11/13 NCDEX DHANIYA NOV. BUY 6950 6980-7020 6905 NOT EXECUTED

11/11/13 NCDEX DHANIYA NOV. SELL 6860 6830-6790 6905 BOOKED PROFIT

11/11/13 USD/INR NOV. SELL 62.90 62.75-62.55 NOT EXECUTED

11/11/13 USD/INR NOV. BUY 63.15 63.30-63.42 BOOKED FULL PROFIT11/11/13 EUR/INR NOV. SELL 84.30 84.16-83.99 NOT EXECUTED

11/11/13 EUR/INR NOV. BUY 84.70 84.91-85.05 BOOKED FULL PROFIT

11/11/13 EUR/INR NOV. SELL 84.30 84.16-83.99 NOT EXECUTED

11/11/13 NIFTY FUTURE SELL 6200-6220 6170-6150 6250 BOOKED PROFIT

11/11/13 ARVIND FUTURE BUY 115 118-120 112 BOOKED PROFIT

11/11/13 TATA MOTORS FUTURE BUY 390 400-410 380 NOT EXECUTED

11/11/13 SPARC CASH BUY 150 160-168 140 CALL OPEN

08/11/13 INFO EDGE INDIA CASH BUY 420-430 455-475 400 CALL OPEN

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TIME (ET) REPORT PERIOD ACTUAL CONSENSUSFORECAST PREVIOUSTUESDAY, OCT. 12

7;:30 AM NFIB SMALL BUSINESS INDEX OCT. -- 93.9

WEDNESDAY, OCT. 13

2 PM FEDERAL BUDGET OCT. -- -$120 BLN

THURSDAY, OCT. 14

8:30 AM WEEKLY JOBLESS CLAIMS 11/2 -- 336,000

8:30 AM TRADE DEFICIT SEPT. -$39.1 BLN -$38.8 BLN

8:30 AM PRODUCTIVITY 3Q 1.7% 2.3%

FRIDAY, NOV. 15

8:30 AM EMPIRE STATE INDEX NOV. 3.8 1.5

8:30 AM IMPORT PRICE INDEX OCT. -0.4% 0.2%9:15 AM INDUSTRIAL PRODUCTION OCT. 0.1% 0.6%

9:15 AM CAPACITY UTILIZATION OCT. 78.3% 78.3%

10 AM WHOLESALE INVENTORIES SEPT. -- 0.5%

special report by epic research 12 november 2013.pdf

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