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DAILY REPORT

04 th OCTOBER. 2013

Global markets at a glance Asian shares closed mostly higher Thursday, casting aside concerns over a partial shutdown of the U.S. govt. & in- stead focusing on an encouraging reading on non- manufacturing activity in China. Trading in Hong Kong ended with a 1% gain for the Hang Seng Index +1.00% , Australia’s S&P/ASX 200 +0.37% rose 0.4%. Japan's Nikkei stock average dropped for a second day. The Nikkei shed 0.1% to 14,157.25, staying below its 25-day moving aver- age of 14,242.79.

European equities inched higher on Thursday, recovering after the previous session's declines. The FTSEurofirst 300 was up 0.2% at 1,249.55 points by 0729 GMT, having dropped 0.7% on Wednesday. The euro zone's blue-chip Euro STOXX 50 rose 0.1% to 2,921.04 points.

Wall Street Update US economic growth is expected to weaken by 0.2% fol- lowing the Government shutdown. The shutdown of the U.S. government appeared likely to drag on for another week and possibly longer as lawmakers consumed day three of the shutdown with a stalling game and there was no end in sight until the next crisis hits Washington around October 17

Previous day Roundup The market ended the day with a spectacular rally. The Sensex closed up 384.92 points or 1.97 percent at 19902.07. The Nifty ended at 5909.70, up 129.65 points or 2.24 percent.

About 1446 shares have advanced, 923 shares declined, and 152 shares were unchanged.

Index stats Bank Nifty & Bankex both advanced 3.44% & 3.41% re- spectively, the sectors which were in positive move with Nifty in yesterday’s session were; Consumer Durables [up 82.67pts], IT [up 187.73pts], Capital Goods [up 220.84pts], AUTO [up 263.75pts], Healthcare [up 90.94pts], Power [up 23.71pts], Oil & Gas [up 200.54pts], TECK [up 100.99pts], PSU [up 95.47pts], Metals [up 328.90pts], REALTY [up 23.92 pts] traded upward, except FMCG stocks which were the only laggards FMCG [down 60.40pts].

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World Indices

Index

Value

% Change

D J l

14,996.48

-0.90

S&P 500

1,678.66

-0.90

NASDAQ

3,774.34

-1.07

EURO STO

2,902.12

-0.55

FTSE 100

6,449.04

+0.18

Nikkei 225

14,077.27

-0.56

Hong Kong

23,114.67

-0.43

Top Gainers

Company

CMP

Change

% Chg

SESA GOA

188.00

12.75

+7.28

JPASSOCIAT

37.25

2.30

+6.58

AMBUJACEM

191.15

11.15

+6.19

AXISBANK

1,102.80

58.70

+5.62

BANKBARODA

524.65

26.25

+5.27

Top Losers

Company

CMP

Change

% Chg

HINDUNILVR

608.00

11.20

-1.81

ITC

339.05

3.95

-1.15

Stocks at 52 Week’s high

Symbol

Prev. Close

Change

%Chg

ABIRLANUVO

1,276.70

28.70

+2.30

AUROPHARMA

210.80

209.00

+0.86

CEATLTD

138.85

10.20

+7.93

CINEMAXIN

230.10

10.95

+5.00

DENSO

138.00

4.30

+3.22

Stocks at 52 Week’s Low

Symbol

Prev. Close

Change

%Chg

ERAINFRA

99.15

5.20

-4.98

TBZ

117.50

6.15

-4.97

Indian Indices

Company

CMP

Change

% Chg

NIFTY

5,909.70

+129.65

+2.24

SENSEX

19,902.07

+384.92

+1.97

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DAILY REPORT

04 th OCTOBER. 2013

EQUITY CASH & FUTURE

STOCK RECOMMENDATIONS [FUTURE]

1. BANK OF BARODA

FUTURE STOCK RECOMMENDATIONS [FUTURE] 1. BANK OF BARODA BANK OF BARODA is looking strong on charts,

BANK OF BARODA is looking strong on charts, long build up has been seen, we may see more upside, if it continues to sustain above 520. We advise buying around 525-530 levels with strict stop loss of 505 for the targets of 538-545 levels.

2. AXIS BANK

loss of 505 for the targets of 538-545 levels. 2. AXIS BANK AXIS BANK is looking

AXIS BANK is looking strong on charts, long build up has been seen, we may see more upside, if it continues to sus- tain above 1100 . We advise buying around 1100-1110 lev- els with strict stop loss of 1085 for targets of 1135-1150 levels.

YOUR MINTVISORY

STOCK RECOMMENDATION [CASH] 1. BANK OF INDIA

YOUR MINTVISORY STOCK RECOMMENDATION [CASH] 1. BANK OF INDIA BANK OF INDIA is looking strong on

BANK OF INDIA is looking strong on charts . We advise buy- ing above 175 with strict stop loss of 170 for the targets of 179-182 levels.

MACRO NEWS The FM may have to slice at least Rs 20000 crore ($3.2 bn) from govt. spending to prevent a budget blow-out, which could threaten to send country's credit rating into "junk" status.

send country's credit rating into "junk" status. India's coffee exports dropped 5% in the 2012-13 mar-

India's coffee exports dropped 5% in the 2012-13 mar- keting year on sluggish prices and lower supplies.send country's credit rating into "junk" status. Government data released on Monday show that the deficit

mar- keting year on sluggish prices and lower supplies. Government data released on Monday show that

Government data released on Monday show that the deficit for the first five months of the fiscal year climbed to 4.05 trillion rupees, around 20% higher than a year earlier. More importantly, it is already 75% of the total planned deficit for the full year.

already 75% of the total planned deficit for the full year. In U.S. United Technologies Corp.,

In U.S. United Technologies Corp., a major defense con- tractor, said it would furlough nearly 2,000 workers if the shutdown lasted into next week and 2,000 more if it continued through the entire week.

week and 2,000 more if it continued through the entire week. Indian shares are likely to

Indian shares are likely to be influenced by the result of a monthly survey on the performance of India's services sector for September 2013 on October 4.

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DAILY REPORT

04 th OCTOBER. 2013

FUTURE & OPTION

MOST ACTIVE PUT OPTION

Symbol

Option

Strike

LTP

Traded

Open

Type

Price

Volume

Interest

 

(Contracts)

NIFTY

PE

5,700

69.60

1,67,894

46,86,600

NIFTY

PE

5,800

94.00

1,58,705

41,99,000

NIFTY

PE

5,600

50.75

1,26,116

36,55,950

BANK NIFTY

PE

9,500

75.00

9,517

2,18,725

SBIN

PE

1,600

49.20

3,309

2,35,375

INFY

PE

3,000

171.75

1,145

1,73,000

RELIANCE

PE

820

14.45

1,352

1,69,750

MCDOWELL-N

PE

2,500

98.50

1,177

1,28,625

MOST ACTIVE CALL OPTION

 

Symbol

Option

Strike

LTP

Traded

Open

Type

Price

Volume

Interest

 

(Contracts)

NIFTY

CE

6,100

88.50

2,51,372

39,18,750

NIFTY

CE

6,000

133.70

2,11,067

36,65,450

NIFTY

CE

6,200

54.95

1,51,578

23,33,900

BANKNIFTY

CE

11,000

159.00

11,335

1,93,950

SBIN

CE

1,700

62.10

5,824

2,19,750

RELIANCE

CE

860

25.75

2,540

3,17,000

DLF

CE

150

6.20

1,644

16,05,000

MCDOWELL-N

CE

2,600

77.00

1,893

1,13,375

AXISBANK

CE

1,100

70.10

1,957

2,48,500

STOCKS IN NEWS Infosys signs a multi-year contract with Toyota Motor Europe. Essar Energy intends to exit Kenya Petroleum. Bajaj Auto to raise prices by Rs 500 to Rs 5000. Bharti Airtel shareholders approve selling DCMS business for Rs 177 cr. Lupin launches generic solution for conjunctivitis in US.

Lupin launches generic solution for conjunctivitis in US. NIFTY FUTURE Nifty Future as expected closed in
Lupin launches generic solution for conjunctivitis in US. NIFTY FUTURE Nifty Future as expected closed in
Lupin launches generic solution for conjunctivitis in US. NIFTY FUTURE Nifty Future as expected closed in
Lupin launches generic solution for conjunctivitis in US. NIFTY FUTURE Nifty Future as expected closed in
Lupin launches generic solution for conjunctivitis in US. NIFTY FUTURE Nifty Future as expected closed in

NIFTY FUTURE

generic solution for conjunctivitis in US. NIFTY FUTURE Nifty Future as expected closed in the green

Nifty Future as expected closed in the green in the last trading session. We advise buying on dips around 5950 -5940 with strict stop loss of 5900 for the targets of 5980-5990 levels.

FII DERIVATIVES STATISTICS

 
 

BUY

SELL

OPEN INTEREST AT THE END OF THE DAY

No. of

Amount in

No. of

Amount in

No. of

Amount in

 

Contracts

Crores

Contracts

Crores

Contracts

Crores

NET AMOUNT

INDEX FUTURES

67690

1962.61

59267

1729.72

421461

12325.18

232.89

INDEX OPTIONS

383898

11129.91

367589

10631.31

1668038

49160.30

498.60

STOCK FUTURES

59051

1654.88

67149

1853.71

904233

25360.35

-198.83

STOCK OPTIONS

25873

668.41

24778

631.42

43521

1161.05

36.99

 

TOTAL

569.64

INDICES

S2

S1

PIVOT

R1

R2

NIFTY

5761.76

5835.73

5876.66

5950.63

5991.56

NIFTYJUNIOR

11267.61

11377.78

11450.06

11560.23

11632.51

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DAILY REPORT

04 th OCTOBER. 2013

COMMODITY MCX

RECOMMENDATIONS

SILVER

t h OCTOBER. 2013 COMMODITY MCX RECOMMENDATIONS SILVER TRADING STRATEGY : BUY SILVER ABOVE 48900TGTS 49200/49500SL

TRADING STRATEGY:

BUY SILVER ABOVE 48900TGTS 49200/49500SL 48400 SELL SILVER BELOW 48400 TGTS 48100/47800 SL 48900

GOLD

48400 SELL SILVER BELOW 48400 TGTS 48100/47800 SL 48900 GOLD TRADING STRATEGY: BUY GOLD ABOVE 29620

TRADING STRATEGY:

BUY GOLD ABOVE 29620 TGTS 29720/29820 SL 2950 SELL GOLD BELOW 29350 TGTS 29250/ 29150 SL 29480

COMMODITY ROUNDUP

The standoff over a continuing resolution to the budget is

now in its third day, and the impasse on Wednesday un-

dercut the dollar and supported gold. Gold futures re-

bounded on Thursday from their lowest level in two

weeks, tracking gains in overseas prices, though a strong

rupee limited the upside. Despite the price rise, demand

improved slightly as jewelers were seen placing orders for

the peak festive season. At 2:57 p.m., the benchmark Oc-

tober gold contract the Multi Commodity Exchange (MCX)

was 1.21 percent higher at 29,886 rupees per 10 grams. It

hit a low of 29,352 rupees on Tuesday, a level last seen on

September 18.

Crude oil slipped to around USD 109 a barrel on Thursday

on worries that a prolonged US government shutdown

would hurt demand in the world's biggest oil consumer. US

crude oil prices remained weak on Thursday amid higher

than expected crude oil stock-piles, and concerns that par-

tial shutdown of the US government may reduce the crude

oil demand from the world's largest economy.

However, slight positive data from Europe and China may

have limited further decline in the commodity prices to

some extent. WTI crude oil for November delivery on NY-

MEX was seen trading down by 0.24% at $103.88 per bar-

rel as of 16.12 IST on Thursday.

India crude oil futures recorded a slight up-tick on Thurs-

day despite a weak trend on NYMEX. MCX crude oil futures

for October delivery was seen trading up by 0.96% at Rs.

6437 per barrel as of 16.23 IST on Thursday.

Chinese markets will remain closed this week on account

of National Day and this may have pressured crude oil de-

mand in the global market. Chinese non-manufacturing

purchasing managers' index increased to 55.4 and hit a six

month high in September

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DAILY REPORT

04 th OCTOBER. 2013

NCDEX

RECOMMENDATIONS

CASTORSEED

04 t h OCTOBER. 2013 NCDEX RECOMMENDATIONS CASTORSEED BUY SELL CASTORSEED BELOW 3410 TG 3380,3350 SL

BUY

SELL CASTORSEED BELOW 3410 TG 3380,3350 SL 3450

CASTORSEED ABOVE 3480 TG 3510,3540 SL 3440

DHANIYA

SL 3450 CASTORSEED ABOVE 3480 TG 3510,3540 SL 3440 DHANIYA BUY DHANIYA ABOVE 6210 TG 6240,6270

BUY DHANIYA ABOVE 6210 TG 6240,6270 SL 6170 SELL DHANIYA BELOW 6050 TG 6020,5990 SL 6090

NCDEX INDICES

Index

Value

% Change

Barley

1242

-1.27

Castor Seed

3442

-2.55

Chana

2901

+0.28

Chilli

5862

+0.83

Coriander

6120

+1.61

Cotton Seed Oilcake

1477

-0.94

Jeera

12605

-2.06

Mustard seed

3495

-1.88

Ref Soya Oil

684

-1.48

Turmeric

4678

-0.85

NCDEX ROUNDUP The US commodity regulator, Commodity Futures Trading Commission (CFTC) has said that it will not produce public reports such as cotton on call, Commitment of Traders and the Bank Participation Report following the US Govern- ment shutdown. The CFTC move not to publish COT and other relevant market reports deprives participants in the world's biggest derivative markets for energy and agricul- tural products of price-moving information about the posi- tions of other producers, consumers and speculators.

The looming debt-ceiling debate is adding to worries about

a partial U.S. government shutdown already occurring over

a continuing resolution over the budget.

Of the various parts of agricultural GDP, cereals (wheat, rice, maize, etc.) are the most impacted by MSPs and also have the best data available. Not surprisingly, they are the most analyzed. But they were 21% of agricultural output in FY05 (milk, fruits & vegetables are as important), and are likely lower now. They also matter less for inflation, which

is currently all about fruits & vegetables and meat.

Per capita consumption of cereals has been falling in India for decades, as automation reduces need for calories. The decline per capita now exceeds population growth imply- ing flat cereal demand. But production is still rising with improving yields, creating surpluses. Inventory of cereals is at record levels despite exports surging from US$2 bn in CY09 to US$10 bn (CY13 ann.).

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DAILY REPORT

04 th OCTOBER. 2013

CURRENCY

RBI Reference Rate

Currency

Rate Currency

Rate

Rupee- $

61.9348

Yen-100

63.4300

Euro

84.2360

GBP

100.4397

EUR/INR

63.4300 Euro 84.2360 GBP 100.4397 EUR/INR EUR/INR has closed @84.4850. If it breaks 84.35, it can

EUR/INR has closed @84.4850. If it breaks 84.35, it can touch the level of 84.03 & 83.60. If it sustains above the level of 85.60, it can touch the level of 86.00 & 86.30.

USD/INR

85.60, it can touch the level of 86.00 & 86.30. USD/INR USD/INR has closed @62.1375. If

USD/INR has closed @62.1375. If it breaks 62.05, it can touch the level of 61.90 & 61.56. If it sustains above the level of 62.95 it can touch the level of 63.25 & 63.61.

YOUR MINTVISORY

CURRENCY ROUNDUP The rupee gained 5% last month, snapping a four-month losing streak and showing its biggest monthly gain since September 2012, helped largely by the Federal Reserve's surprise decision to continue with its bond pur- chases. However, the consensus forecast from 25 strate- gists was that the rupee would be around 63.00 to the dol- lar by the end of October, 64.00 in six months and 64.25 by September next year. The Indian rupee logged its biggest gain in two weeks on Thursday, helped by foreign fund inflows and bets that a prolonged shutdown of the U.S. government would further delay any tapering of the Fed- eral Reserve's massive stimulus.

Foreign funds were net buyers of over $2 billion in Indian equities in September, the first month of positive pur- chases after May as foreign money returned to risk assets on the Fed's assurance it would stick to its $85 billion monthly bond purchases. Inflows via the central bank's two concessional forex swap facilities to lenders totaled $3.6 billion till Monday, also helping to stabilize the rupee.

The rupee also got some tailwind from the global dollar, which has been on a losing streak as most investors and speculators cut long bets on the greenback as the U.S. gov- ernment shutdown drags on. In the currency futures mar- ket, the most-traded near-month dollar/rupee contracts on the National Stock Exchange, the MCX-SX and the United Stock Exchange all closed at around 63.14 with to- tal traded volume of $1.98 billion.

The dollar was also hurt by slower growth in the U.S. ser- vices sector in September. The euro was steady at $1.3630, not far from an eight-month high of $1.36465 touched on Thursday. The common currency was also aided by the European Central Bank's apparent lack of con- cern over the euro's recent strength and better-than- expected euro zone data.

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DAILY REPORT

04 th OCTOBER. 2013

CALL REPORT

 

PERFORMANCE UPDATES

 

Date

Commodity/ Currency Pairs

Contract

Strategy

Entry Level

Target

Stop Loss

Remark

03/10/13

MCX

GOLD

 

OCT.

BUY

29200

29300-29400

29080

BOOKED PROFIT

03/10/13

MCX

GOLD

 

DEC.

SELL

28880

28780-28680

29000

NOT EXECUTED

03/10/13

MCX

SILVER

 

OCT.

BUY

48150

48450-48750

47850

BOOKED FULL PROFIT

03/10/13

MCX

SILVER

 

DEC.

SELL

47750

47450-47150

48150

NOT EXECUTED

03/10/13

NCDEX CASTOR SEED

 

OCT.

SELL

3500

3470-3440

3530

BOOKED FULL PROFIT

03/10/13

NCDEX CASTOR SEED

 

OCT.

BUY

3560

3590-3620

3520

NOT EXECUTED

03/10/13

NCDEX DHANIYA

 

OCT.

BUY

6055

6085-6115

6005

BOOKED PROFIT

03/10/13

NCDEX DHANIYA

 

OCT.

SELL

5760

5735-5700

5800

NOT EXECUTED

03/10/13

USD/INR

 

OCT.

SELL

62.80

62.65-62.25

 

BOOKED FULL PROFIT

03/10/13

EUR/INR

 

OCT.

SELL

85.00

84.75-84.20

 

BOOKED PROFIT

03/10/13

USD/INR

 

OCT.

BUY

63.25

63.42-63.61

 

NOT EXECUTED

03/10/13

EUR/INR

 

OCT.

BUY

85.65

85.95-86.35

 

NOT EXECUTED

   

CASH/

         

Date

Scrip

FUTURE/

Strategy

Entry Level

Target

Stop Loss

Remark

OPTION

03/10/13

NIFTY

FUTURE

BUY

5800-5825

5850-5880

5750

NOT EXECUTED

03/10/13

AUROPHARMA

FUTURE

BUY

209-210

214-218

205

BOOKED PROFIT

03/10/13

TATA GLOBAL

FUTURE

BUY

150-151

154-155

147

BOOKED FULL PROFIT

03/10/13

AMARAJA BATT

CASH

BUY

315

320-330

305

NOT EXECUTED

 

US ECONOMIC REPORT

 

TIME (ET)

REPORT

 

PERIOD

ACTUAL

CONSENSUS FORECAST

PREVIOUS

 

FRIDAY, OCT. 4

 

8:30 am

Nonfarm payrolls

 

Sept.

 

180,000

 

169,000

8:30 am

Unemployment rate

 

Sept.

 

7.3%

7.3%

 

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