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DAILY REPORT 13 NOVEMBER. 2013 Global markets at a glance World Indices A rally in world shares paused on Tuesday as investors awaited China's new 10-year economic plan. Index Value % Change D J l 15,750.67 -0.21 European shares fell on Tuesday, drifting away from near S&P 500 1,767.69 -0.24 five-year highs after a poor revenue report from German NASDAQ 3,919.92 0.00 chip maker Infineon highlighted weak domestic demand, EURO STO 3,034.68 -0.59 which is weighing on this quarterly earnings season. The FTSE 100 6,726.79 -0.02 pan-European FTSEurofirst was down 0.5 percent at Nikkei 225 14,554.69 -0.23 1,291.92 at 1122 GMT, 1.6 percent down from five-year Hong Kong 22,610.71 -1.27 highs hit last Thursday, but has still gained more than 16 percent since June. Top Gainers Company CMP Change % Chg Wall Street Update RANBAXY 416.35 +6.20 +1.51 Wall Street dips after two-day rise; eyes on Fed's taper M&M 78.00 +8.05 +0.93 timing. The Dow and the S&P 500 ended slightly lower on Tuesday after rising bond yields increased debate over ITC 319.60 +2.95 +0.93 how soon the Federal Reserve would start trimming its CAIRN 320.10 +1.90 +0.60 stimulus program. SUNPHARMA 598.55 +2.45 +0.41 The day's decline followed two days of record high closes Top Losers Company CMP Change % Chg for the DJI average. Tuesday's retreat was led by the S&P 500's financial, energy and utility sectors. A 2.2 percent JPASSOCIAT 43.90 -2.25 -4.88 drop in U.S. oil futures prices hurt energy . TATAMOTORS 361.00 -16.10 -4.27 AXISBANK 1,040.75 -36.40 -3.38 Previous day Roundup DLF 143.30 -4.90 -3.31 Equity benchmarks lost ground for the sixth consecutive TATAPOWER 79.00 -2.60 -3.19 session on Tuesday with the Sensex falling more than 200 points, weighed down by weak rupee. The Sensex slipped Stocks at 52 Week’s high 209.05 points or 1.02% to 20,281.91 while the Nifty closedSymbol Prev. Close Change %Chg at one-month low of 6,018.05, down 60.75 points or 1 per- AJANTAPHARM 955.00 38.95 +4.25 cent from previous close. Declining shares outpaced ad- BIOCON 379.10 8.75 +2.36 vancing ones by a ratio of 1467 to 975 on the BSE. Selling among metal, auto, and financials shares along withSCORTS 118.30 3.10 +2.79 GSS 45.55 1.15 -2.46 weakness in rupee against dollar too dragged the markets. NATCOPHARM 750.00 42.65 +6.03 Index stats Stocks at 52 Week’s Low The Bankex and Bank Nifty both declined 1.62% & 1.63% Symbol Prev. Close Change %Chg respectively. All the sectors declined Consumer Durables [down 36.26pts], Capital Goods [down 135.87pts], AUTO DEN 144.55 5.75 +4.14 JSL 35.95 1.10 -2.97 [down 191.86pts], Oil & Gas [down 98.04pts], PSU [down 75.31pts], IT [down 48.82pts], Power [down 27.74], Realty Indian Indices [down 15.62pts], Metals [down 165.258pts] TECK [down Company CMP Change % Chg 32.67pts], Healthcare [down 0.23pts] except FMCG [up NIFTY 6,018.05 -60.75 -1.00 36.32pts]. SENSEX 20,281.91 -209.05 -1.02 YOUR MINTVISORY Call us at +91-731-6642300 DAILY REPORT 13 NOVEMBER. 2013 EQUITY CASH & FUTURE STOCK RECOMMENDATIONS [FUTURE] STOCK RECOMMENDATION [CASH] 1. TATA MOTORS 1. JB CHEM & PHARMA TATA MOTORS FUTURE is looking weak on charts, short build up has been seen, we may see more downside, if it JB CHEM & PHARMA is looking strong on charts. We advise continues to sustain below 365. We advise selling around buying above 116 levels with strict stop loss of 111 for the 365-370 levels with strict stop loss of 378 for the targetstargets of 122-125 levels. 358-350 levels. MACRO NEWS 2. BATA INDIA Canara Bank reported a 5.3% decline in net profit at Rs 625.94 cr for Q2 2013. The bank had a net profit of Rs 660.97 cr in the July-Sep quarter of 2012-13. Total in- come rose to Rs 10,427.48cr from Rs 9,203.61 cr. The net NPAs rose to 2.30% during the Sep quarter. Hindalco Industries' net profit for this quarter fell 0.5% to Rs. 357.11 cr vs Rs. 358.88 cr in the same quarter last year. Net sales inched up 2% to Rs. 6245. RCOM reported a surge in quarterly net profit, lifted by higher call tariffs & reduced competition. consolidated net profit was 6.75 bn rupees, helped by a provision write-back of 4.41 bn rupees. Net profit was 2.34 bn rupees. Profit rose for the first time in five quarters. The company had posted a net profit of 1.02 bn rupees in the year-earlier period. Reliance Capital posted a net profit of Rs 181 cr and revenue of Rs 1,869 cr for second quarter of current BATA INDIA FUTURE is looking strong on charts, long build fiscal, helped by robust growth in insurance, commer- up has been seen, we may see more upside, if it continues cial. It posted a net profit of Rs 401 cr and revenue of Rs to sustain above 960, We advise buying around 955-960 2,431 cr in the same quarter last fiscal . levels with strict stop loss of 945 for the targets of 970-80 Sept IIP below expectations at 2%, Oct CPI rises to levels. 10.09%. YOUR MINTVISORY Call us at +91-731-6642300 DAILY REPORT th 13 NOVEMBER. 2013 FUTURE & OPTION STOCKS IN NEWS MOST ACTIVE PUT OPTION Union Bank raises deposits rates, no plan to raise Symbol Option Strike LTP Traded Open lending rates. Type Price Volume Interest HPCLto operate Vizag refinery by February. (Contracts) Petronas nears deal to sell Canada shale stake to NIFTY PE 6,100 113.00 3,51,575 38,27,450 Indian co. L&T to develop Odisha road for Rs 1,293 crore. NIFTY PE 6,000 69.50 3,34,808 54,00,950 NIFTY PE 5,900 39.60 1,93,263 31,43,050 Idea Cellular reduces data tariffs by up to 90%. Hero MotoCorp to roll out two-wheelers in US. BANK NIFTY PE 10,500 195 26,416 1,62,150 Vodafone India to spend Rs 7,000 crore more to SBIN PE 1,700 73.00 9,482 3,55,000 expand 2G & 3G network. RELIANCE PE 860 18.70 1,786 3,50,500 TATAMOTORS PE 370 14.00 1,520 7,10,000 NIFTY FUTURE AXISBANK PE 1,050 40.00 1,596 1,61,250 MOST ACTIVE CALL OPTION Symbol Option Strike LTP Traded Open Type Price Volume Interest (Contracts) NIFTY CE 6,200 40.40 4,20,790 50,89,450 NIFTY CE 6,300 18.00 3,21,078 60,46,450 NIFTY CE 6,100 77.50 2,27,274 28,38,450 BANKNIFTY CE 11,000 125.00 28,114 2,77,025 SBIN CE 1,800 25.70 9,511 7,59,625 RELIANCE CE 880 10.50 2,578 3,94,750 SBIN CE 1,700 59.20 8,464 3,66,875 Nifty Future closed in the red in the last trading ses- DLF CE 160 2.40 2,598 28,30,000 sion. We advise selling around 6120-6130 with strict AXISBANK CE 1,100 20.80 2,707 2,79,750 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 NET AMOUNT Contracts Crores Contracts Crores Contracts Crores INDEX FUTURES 58911 1782.30 82016 2474.57 488724 14634.81 -692.27 INDEX OPTIONS 515350 15560.43 471972 14266.87 1637771 49161.28 1293.56 STOCK FUTURES 50564 1334.76 68060 1895.38 1069478 28299.03 -560.63 STOCK OPTIONS 46856 1203.55 47097 1209.18 60120 1511.96 -5.64 TOTAL 35.03 INDICES S2 S1 PIVOT R1 R2 NIFTY 5949.21 5983.63 6046.16 6080.58 6143.11 NIFTYJUNIOR 11822.01 11875.68 11963.31 12016.98 12104.61 BANK NIFTY 10344.98 10464.01 10662.18 10781.21 10979.38 YOUR MINTVISORY Call us at +91-731-6642300 DAILY REPORT 13 NOVEMBER. 2013 COMMODITY MCX RECOMMENDATIONS COMMODITY ROUNDUP SILVER U.S. crude for December delivery was slightly higher at $93 per barrel after snapping a two-day rally on Tuesday, while the benchmark three-month copper contract fell 0.7 per- cent to $7,119.85 a tone. Oil prices edged lower in Asian trade yesterday as dealers await fresh developments in the bid by world powers to reach a landmark deal to curb Iran's nuclear program. New York's main contract, West Texas Intermediate (WTI) for December delivery, was down 31 cents to $94.83 a barrel in mid-morning Asian trade, while Brent North Sea crude for December fell 23 cents to $106.17. Oil prices rose in New York trade yester- day after marathon talks in Geneva between Iran and major powers failed to produce a long-elusive deal, which could ease crude export sanctions on Tehran and bring the major oil producer back into the global market. Gold was slightly down, while copper fell on the heightened TRADING STRATEGY: speculation that the Fed will taper its stimulus. Gold futures BUY SILVER ABOVE 48320 TGTS 48500 /48700 SL 48020 stayed below $1300 per troy ounce on Tuesday amid an up- tick in equity market and concerns that US Central Bank SELL SILVER BELOW 47580 TGTS 47380/47180 SL 47880 would reduce its monetary stimulus in the first half of the GOLD 2014 on improving economic conditions in the US. Comex gold futures for December delivery on electronic platform was seen trading with a loss of $2.4 at $1278.7 per troy ounce as of 14.45 IST on Tuesday. India gold futures for De- cember delivery opened neutral and was seen trading flat on Tuesday amid weak international cues. Weak Indian Ru- pee may have supported the commodity prices to certain extent. MCX gold for December delivery was seen trading with a gain of 0.04% at Rs.30154 per 10 grams as of 14.39 IST on Tuesday. Zinc prices moved down by 0.33% to Rs 119.25 per kg in futures trade yesterday as speculators booked profits at prevailing higher levels, driven by subdued demand in the spot market. At the Multi Commodity Exchange, zinc for delivery in November moved down by 40 paisa, or 0.33%, to Rs 119.25 per kg in business turnover of 1,110 lots. Like- wise, the metal for delivery in December traded lower by 25 TRADING STRATEGY: paisa, or 0.21%, to Rs 120.60 per kg in 69 lots. Besides profit booking by speculators at prevailing higher levels amid sub- BUY GOLD ABOVE 30480 TGTS 30560 /30660 SL 30380 dued demand in the spot markets mainly influenced zinc SELL GOLD BELOW 30280 TGTS 30200 /30100 SL 30380 prices at futures trade. YOUR MINTVISORY Call us at +91-731-6642300 DAILY REPORT 13 NOVEMBER. 2013 NCDEX RECOMMENDATIONS NCDEX INDICES Index Value % Change CASTORSEED Barley 1290 +1.38 Castor Seed 3805 +2.07 Chana 3025 +1.04 Chilli 6552 +3.25 Coriander 6850 +2.16 Cotton Seed Oilcake 1510 +0.20 Jeera 12040 +0.99 Mustard seed 3704 +1.15 Ref Soya Oil 736 +0.94 Turmeric 4646 +3.57 NCDEX ROUNDUP The Cotton Association of India (CAI) has revised downward its estimate of sugar production for 2013. 14 cotton season beginning October 1 by 0.5 lakh bales from its previous esti- SELL CASTORSEED JAN BELOW 4070 TG 4045,4005 SL 4110 BUY CASTORSEED JAN ABOVE 4130 TG 4155,4180 SL 4090 mate given a month ago.CAI had pegged the 2013-14 cotton production at 381 lakh bales in October. However, this has DHANIYA been revised downward to 380.50 lakh bales in its Novem- ber estimates released on Tuesda. The West Bengal government refused to relax the restric- tions imposed on export of potatoes. The traders in the state are making all-out effort to import the vegetable from other states. The prices of potato has skyrocketed in last few days to around Rs 50 per kg with the West Bengal gov- ernment imposing restrictions on its export to contain the prices in the local market. Coriander prices rose by 2.71% to Rs 6,887 per quintal in futures trade yesterday as speculators enlarged their posi- tions supported by rising demand in the spot markets. At the NCDEX coriander for November delivery gained Rs 182, or 2.71%, to Rs 6,887 per quintal with an open interest of 1,190 lots. Similarly, the spice for delivery in December traded higher by Rs 137, or 1.96%, to Rs 7,135 per quintal, with an open interest of 24,870 lots. Increased buying by SELL DHANIYA DEC BELOW 7080 TG 7050,7010 SL 7120 BUY DHANIYA DEC BELOW 7165 TG 7195,7135 SL 7125 speculators on pick up in spot market demand against re- stricted arrivals from producing belts mainly influenced co- riander prices to rise in futures .rade YOUR MINTVISORY Call us at +91-731-6642300 DAILY REPORT 13 NOVEMBER. 2013 CURRENCY RBI Reference Rate Currency Rate Currency Rate Rupee- $ 63.5930 Yen-100 63.8500 Euro 85.1515 GBP 101.5580 JPY/INR CURRENCY ROUNDUP At 15:45, the rupee fell to 63.75 vs its prior close of 63.24/25, as investors remained cautious ahead of con- sumer inflation and industrial output data. Dollar demand from custodian banks also pushed up the USD/INR pair. The rupee depreciated for a fifth day in a row. The Indian rupee fell to a near nine-week low on Tuesday, extending its losses for a fifth session, on the back of contin- ued greenback demand from importers amidst a strength- ening U.S. currency in global markets. Traders also attribute the rupee's weakness to the return of state-run oil refiners, which are now sourcing part of their dollar needs in markets and not through the special window provided by the central bank in late August. The tapering of the central bank oil win- dow will provide test of fire for the rupee, since it comes at JPY/INR has closed @64.2225. If it sustains above the levela time when sturdier data from the United States and a rate of 64.40, it can touch the level of 64.59 & 64.72. If it brcut from the European Central Bank have led to a bout of the level of 63.80 it can touch the level of 63.72 & 63.55. global dollar strength. EUR/INR the dollar stuck close to a two-month high against the yen in early trade on Wednesday as investors positioned for the possibility that the U.S. Federal Reserve would soon start slowing down its asset-buying stimulus. The dollar was last up about 0.1 percent at 99.66 yen after rising as high as 99.79 yen on Tuesday, its strongest level since September 13. The dollar faces resistance at 100 yen, above which it has not traded since September 11. The euro was nearly flat from U.S. levels, holding well above lows set last week, when it suffered a heavy selloff on Thursday after the European Central Bank stunned investors by unexpectedly cutting its main rate to a record-low 0.25 percent. The common currency bought $1.3433, well above its two-month low of $1.3295 hit on Thursday, but still down nearly 3 percent from a two-year peak of $1.3833 set EUR/INR has closed @85.7925. If it sustains above the levellast month. The dollar index .DXY rose about 0.1 percent to of 85.80, it can touch the level of 85.97 & 86.10. If it breaks68, edging back toward a two-month peak of 81.482 struck on Friday. the level of 85.15 it can touch the level of 85.01 & 84.85. YOUR MINTVISORY Call us at +91-731-6642300 DAILY REPORT th 13 NOVEMBER. 2013 CALL REPORT PERFORMANCE UPDATES Commodity/ Currency Date Contract Strategy Entry Level Target Stop Loss Remark Pairs 12/11/13 MCX GOLD DEC BUY 30300 30380-30480 30200 BOOKED FULL PROFIT 12/11/13 MCX GOLD DEC. SELL 29840 29760-29660 29940 NOT EXECUTED 12/11/13 MCX SILVER DEC BUY 48480 48680-4880 48180 SL TRIGGERED 12/11/13 MCX SILVER DEC SELL 48240 48040-47840 48540 BOOKED FULL PROFIT 12/11/13 NCDEX CASTOR SEED JAN. SELL 4000 3975-3935 4040 NOT EXECUTED 12/11/13 NCDEX CASTOR SEED JAN. BUY 4110 4135-4175 4070 BOOKED PROFIT 12/11/13 NCDEX DHANIYA DEC. BUY 7050 7080-7120 7010 BOOKED FULL PROFIT 12/11/13 NCDEX DHANIYA DEC. SELL 6920 6890-6850 6960 NOT EXECUTED 12/11/13 JPY/INR NOV. SELL 63.85 63.68-63.45 NOT EXECUTED 12/11/13 JPY/INR NOV. BUY 64.55 64.67-65.03 BOOKED FULL PROFIT 12/11/13 EUR/INR NOV. SELL 84.50 84.28-84.05 NOT EXECUTED 12/11/13 EUR/INR NOV. BUY 85.40 85.52-85.70 NOT EXECUTED CASH/ Date Scrip FUTURE/ Strategy Entry Level Target Stop Loss Remark OPTION 12/11/13 NIFTY FUTURE SELL 6150-6180 6120-6080 6210 BOOKED FULL PROFIT 12/11/13 ZEE FUTURE BUY 285 290-295 280 NOT EXECUTED 12/11/13 HINDALCO FUTURE SELL 112 109-105 115 CALL OPEN 12/11/13 TATA COMMUNICATION CASH BUY 290 2998-305 282 SL TRIGGERED 11/11/13 SPARC CASH BUY 150 160-168 140 SL TRIGGERED 08/11/13 INFO EDGE INDIA CASH BUY 420-430 455-475 400 CALL OPEN US ECONOMIC REPORT TIME (ET) REPORT PERIOD ACTUAL CONSENSUSFORECAST PREVIOUS WEDNESDAY, NOV. 13 2 PM FEDERAL BUDGET OCT. -- -$120 BLN THURSDAY, NOV. 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% Disclaimer 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 invest- ment decision. The report does not provide individually tailor-made investment advice. Epic research recommends that investors independently evaluate particular invest- ments 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 regulations 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 ex- pressed as a recommendation for which either the site or its owners or anyone can be held responsible for . Any surfing and reading of the information 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. 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