Special Report by Epic Reseach 11 September 2013

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DAILY REPORT

11th SEPT. 2013

Global markets at a glance European markets were trading 1% higher after Monday's comments from US President Barack Obama that Russia's plan to put Syrian chemical weapons under international control could be a breakthrough in the crisis. Asian markets ended at a 3-month high with Nikkei Hang Seng gaining 1-1.5 percent. For today Nikkei and Hang Seng Index are trading in a opposite move with Nikkei positive by 0.58 % &Heng Seng negative 0.22 % . Wall Street Update Wall Street-backed investors have raised at least $18 billion to buy more than 100,000 houses in the past two years. The companies, including some of the worlds largest private-equity managers, are seeking to take advantage of prices that fell as much as 35 percent below their 2006 peak and rising demand for rentals as the U.S. homeownership rate dropped to about the lowest level in 18 years. Previous day Roundup Rice stocks were on fire yesterday as Russia lifted its eightmonth-old ban on import of rice, peanuts from India. The market's good move continued as investors seemed very bullish on equities. The strength in rupee pulled market higher. The Sensex is up 727.04 points or 3.77 percent at 19,997.10. The Nifty adds 216.35 points or 3.81 percent at 5,896.75. About 1440 shares have advanced, 747 shares declined, and 143 shares are unchanged. The Sensex has hit 20,000 for first time since July 25. Index stats Bank Nifty & Bankex both gained 2.28% & 2.21% respectively, while all the sectors also resulted upside closing in yesterdays session; Consumer Durables [up 274.19pts], IT [up 174.53 pts], Oil & Gas [up 124.40pts], PSU [up 76.92pts], Metals [up 206.65pts], Capital Goods [up 409.20pts], FMCG [up 344.20pts], & Power [up 43.74pts] TECK [up 121.37pts], AUTO [up 623.24pts] Healthcare [up 118.09pts], REALTY [up 31.25pts].

World Indices
Index DJl S&P 500 NASDAQ EURO STO FTSE 100 Nikkei 225 Hong Kong Value 15,191.06 1,683.99 3,729.02 2851.40 6,583.99 14,507.07 22,925.65
CMP Change

% Change +0.85 +0.73 +0.62 +1.90 +0.82 +0.58 -0.22


% Chg

Top Gainers
Company

TATAMOTORS BHARTIARTL AMBUJACEM HEROMOTOCO ACC

349.00 340.00 185.50 2,069.00 1,029.90


CMP

31.20 26.25 13.20 138.75 67.60


Change

9.82 8.37 7.66 7.19 7.02


% Chg

Top Losers
Company

NMDC BPCL BANKBARODA CAIRN DRREDDY


Symbol

118.40 295.15 480.90 328.05 2,265.00


Prev. Close

2.75 4.50 6.60 4.25 19.65


Change

-2.27 -1.50 -1.35 -1.28 -0.86


%Chg

Stocks at 52 Weeks high


CIPLA HCLTECH INFY TATAMOTORS GALLISPAT 440.70 1,060.00 3,171.00 349.00 149.95
Prev. Close

3.65 43.05 141.95 31.20 11.20


Change

+0.84 +4.23 +4.69 +9.82 +8.07


%Chg

Stocks at 52 Weeks Low


Symbol

MHRIL SASKEN

206.00 114.90
CMP

2.70 1.40
Change

-1.29 -1.20
% Chg

Top Losers
Company

NIFTY SENSEX

5,896.75 19,99710

+216.35 +727.04

+3.81 +3.77

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DAILY REPORT
11th SEPT. 2013

EQUITY CASH & FUTURE

STOCK RECOMMENDATIONS [FUTURE] 1. TATA MOTORS

STOCK RECOMMENDATION [CASH] 1. WOCKHARDT

TATA MOTOR is looking strong on charts, long build up has been seen, we may see more upside, if it continues to sustain above 340 levels. We advise buying around 340-345 levels with strict stop loss of 330 for the targets of 355-365 levels.

WOCKHARDT is looking strong on charts . We advise buying above 616 with strict stop loss of 602 for the targets of 625640 levels.

2. BHARTI AIRTEL

MACRO NEWS India's trade deficit narrowed to USD 10.9 billion in August, helped by a double digit rise in merchandise exports, provisional government data showed on Tuesday. Merchandise exports rose 12.97 percent in August to USD 26.14 billion from a year earlier. Imports fell 0.68 percent year-on-year to USD 37.05 billion. Government seeks to fast-track 95 hydro power projects with a total generation capacity of 40,000 MW.

CORPORATE ACTION TODAY


SCRIP ACTION Rs. Per Share

BHARTI AIRTEL is looking strong on charts, long build up has been seen, we may see more upside, if it continues to sustain above 340 levels. We advise buying around 340 levels with strict stop loss of 332 for the targets of 350-358 levels.

ABAN THEBYKE GENESYS MANDHANA RELAXO TDPOWERSYS GALLISPAT TTL NUCENT DHAMPURSUG

DIVIDEND DIVIDEND DIVIDEND DIVIDEND DIVIDEND DIVIDEND DIVIDEND DIVIDEND DIVIDEND DIVIDEND

3.6 1 0.25 2 2 2 0.5 1 0.8 1.25 Call us at +91-731-6642300

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DAILY REPORT
11th SEPT. 2013

FUTURE & OPTION

MOST ACTIVE PUT OPTION


Symbol Option Type PE PE PE PE PE PE PE PE Option Type CE CE CE CE CE CE CE CE CE Strike Price 5,700 5,600 5,500 1,600 900 860 3,000 Strike Price 6,000 5,900 6,100 11,000 1,700 1,800 900 45 1,000 LTP Traded Volume (Contracts) 3,25.603 3,24,051 2,91.784 13,957 3,709 2,069 1,994 1,799 Traded Volume (Contracts) 5,25,766 4,33,326 3,46,211 16,449 7,699 4,673 5,087 4,059 3,617 Open Interest 32,28,100 41,50,750 52,41,650 89,950 1,53,875 3,61,250 2,59,750 1,92,750 Open Interest 40,74,100 33,58,850 30,50,250 1,56,400 3,04,125 3,39,875 5,47,500 31,08,000 2,67,250

NIFTY NIFTY NIFTY BANK NIFTY SBIN AXISBANK RELIANCE INFY Symbol

74.90 52.90 37.85 62.60 27.50 15.45 34.50 LTP

STOCKS IN NEWS Tata's Jaguar Land Rover to Invest $2 Billion in U.K. JLR Says Investment Will Create 1,700 Jobs. Coal India Ltd to set up 16 washeries. NMDC keeps iron ore prices unchanged for September. KKR likely to buy Gland Pharma for Rs 1,000 crore by month-end. NIFTY FUTURE

10,000 335.90

MOST ACTIVE CALL OPTION

NIFTY NIFTY NIFTY BANKNIFTY SBIN SBIN RELIANCE JPASSOCIAT AXISBANK

93.40 143.50 55.50 110.25 41.45 18.20 24.15 1.45 46.00

Nifty Future as expected closed in the green in the last trading session. We advise buying on dips around 5850 -5875 with strict stop loss of 5820 for the targets of 5940-5980 levels.

FII DERIVATIVES STATISTICS


BUY SELL OPEN INTEREST AT THE END OF THE DAY Amount in Crores 12548.72 64256.23 28746.63 1579.86 TOTAL NET AMOUNT 2957.61 -1104.76 -68.51 -12.78 1771.55 No. of Amount in No. of Amount in No. of Contracts Crores Contracts Crores Contracts INDEX FUTURES INDEX OPTIONS STOCK FUTURES STOCK OPTIONS 258316 833423 91623 34783 7458.71 23552.27 2454.79 891.26 156456 877383 95001 34998 4501.10 24657.03 2523.30 904.04 436777 2187150 1043471 55698

INDICES
NIFTY NIFTYJUNIOR

S2
5679.94 10825.08

S1
5788.34 10946.96

PIVOT
5846.6 11015.28

R1
5954.99 11137.16

R2
6013.25 11205.48

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DAILY REPORT
11th SEPT. 2013

COMMODITY MCX
COMMODITY ROUNDUP Gold prices in the global market continued their negative trend on Tuesday amid an upbeat in Chinese industrial production, US stimulus concerns & firm trend in equities. China industrial production rose 10.4% year-on-year basis in August, higher when compared to 9.7% recorded in July while retails sales recorded an up-trend 13.4%, higher compared with 13.2 % year-on-year basis. Recent, higher than expected data releases from Europe, the United States and other countries were seen pressuring the yellow metal prices to certain extent. Gold futures for December delivery on Globex platform of Comex was seen trading down by 1.08% at $1371.8 per troy ounce as of 16.23 IST on Tuesday. The trend in gold

RECOMMENDATIONS SILVER

TRADING STRATEGY: BUY SILVER ABOVE 52600 TGTS 52800/53100 SL 52300 SELL SILVER BELOW 51600 TGTS 51500/51000 SL 51900 GOLD

futures for October delivery on MCX was bearish. MCX gold futures for October delivery was seen trading down by 1.20% at Rs. 31163 per 10 grams as of 16.16 IST on Monday. India nickel and lead futures edged down on Tuesday and was seen trading with a negative note despite positive China data. Appreciation of Indian Rupee (INR) against US Dollar (USD) was seen pressuring the base metals movement to certain extent during intra-day trade. MCX nickel for September delivery was seen trading down by 0.98% at Rs.887.50 per kilogram as of 14.57 IST on Tuesday. MCX lead for September delivery was seen trading down by 1.27% at Rs.136.20 per kilogram as of 14.58 IST on Tuesday. Copper in the global market was seen trading neutral amid

TRADING STRATEGY: BUY GOLD ABOVE 30920 TGTS 30995/31120 SL 30820 SELL GOLD BELOW 30450 TGTS 30300/30150 SL 30600

strong data from China. Copper futures for December delivery on Globex platform of Comex was seen trading up by 0.61% at $3.29 per pound as of 17.54 IST on Tuesday.

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DAILY REPORT
11th SEPT. 2013

NCDEX
NCDEX INDICES Index Value % Change

RECOMMENDATIONS CASTORSEED

Castor Seed Chana Chilli Coriander Cotton Seed Oilcake Jeera Mustard seed Ref Soya Oil Sugar M Grade Turmeric NCDEX ROUNDUP

3670 3012 4880 5490 1702 13237.5 3425 678.25 2989 4920

-0.60 -1.41 -3.97 -1.68 -3.95 -2.00 -2.84 -2.30 0.00 -0.49

BUY CASTORSEED SEP ABOVE 3710 TG 3735, 3770 SL 3670 SELL CASTORSEED SEP BELOW 3635 TG 3610, 3580 SL 3675 DHANIYA

India soybean and soy oil futures for October delivery edged down on Tuesday as a result of firm trend in Indian Rupee (INR) against US Dollar (USD). Soybean and soy oil prices on NCDEX for October delivery were expected to trade under red territory for the day. NCDEX soybean for October delivery was seen trading down by 1.48% at Rs.3421 per 100 kgs as of 11.13 IST on Tuesday. NCDEX soy oil for October delivery was seen trading down by 1.53% at Rs.665.3 per 10 kgs as of 11.13 IST on Tuesday. Bullish trend continued in guar-seed futures due to lack of rainfall in the major guar-seed producing areas along with strong export demand of guar-gum. The NCDEX futures increased by Rs 280 per quintal yesterday. Moreover, strong export demand of guar-gum also witnessed some contribution in the current rally . Fresh selling prevailed in jeera futures from higher levels on the back of mounting supplies by stockiest along with weak demand by exporters. The NCDEX futures declined by Rs 177 per quintal yesterday. Market sources suggested that the total daily arrival of jeera have been increased from 4-5 bags in the last week to 8-9 thousand bags due to strong selling by stockiest at higher levels.

BUY DHANIYA OCT ABOVE 5770 TG 5800, 5830 SL 5730 SELL DHANIYA OCT BELOW 5665 TG 5640, 5600 SL 5700

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DAILY REPORT
11th SEPT. 2013

CURRENCY

RBI Reference Rate


Currency Rate Currency Rate

Rupee- $ Euro USD/INR

64.2162 Yen-100 85.2073 GBP

64.2800 100.8259

CURRENCY ROUNDUP Indias rupee rose as much as 5.6 percent in the past four days, the biggest gain since at least 1973, as U.S. jobs data that fell short of estimates tempered concern the Federal Reserve will cut stimulus this month. The rupee on Tuesday rallied to a two-week high. The rupee appreciated by 140 paise to close at 63.84 against the US dollar - highest closing level since August 23. The currency gained 380 paise in four straight sessions. The next trigger for the market is likely to be FOMC meet on September 17. Even Raghuram Rajan's maiden RBI monetary policy on September 20 will be closely watched by investors.

USD/INR has closed @64.2500. If it breaks below the level of 64.00, it can touch the level of 63.80 & 63.17. If it sustains above the level of 65.20, it can touch the level of 65.75 & 66.35. GBP/INR

Non-farm payrolls in the U.S. climbed 169,000 in August, official data showed Sept. 6, trailing the 180,000 median estimate in a Bloomberg survey. Indian markets were shut yesterday for a local holiday. The Reserve Bank of India last week announced a plan to provide concessional swaps for banks foreign-currency deposits to boost the supply of dollars. The Fed has said the jobs market needs to show signs of improvement to warrant any trimming of asset purchases as policy makers prepare to meet Sept. 17-18 to review the plan The Indian rupee's ranking slipped to 20th in 2013 from 15th in 2010 in the global foreign exchange market turnover even though currencies of other emerging economies, such as China, Brazil, South Africa and Turkey, improved The global triennial survey on foreign exchange turnover showed trading in foreign exchange markets averaged $5.3 trillion per day in April 2013, up from $4.0 trillion in April 2010 and $3.3 trillion in April 2007. The relatively more flexible Indian rupee's (INR) share in the overall daily turnover in the currency markets was just 1%

GBP/INR has closed @100.7750. If it breaks below the level of 1100.50, it can touch the level of 99.72 & 98.97. If it sustains above the level of 101.85, it can touch the level of 102.77 & 103.48.

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DAILY REPORT
11th SEPT. 2013

CALL REPORT
PERFORMANCE UPDATES

Date 10/09/13 10/09/13 10/09/13 10/09/13 10/09/13 10/09/13 10/09/13 10/09/13 10/09/13 10/09/13 10/09/13 10/09/13 Date 10/09/13 10/09/13 10/09/13 10/09/13

Commodity/ Currency Pairs MCX GOLD MCX SILVER MCX GOLD MCX SILVER NCDEX CASTOR SEED NCDEX CASTOR SEED NCDEX DHANIYA NCDEX DHANIYA EUR/INR GBP/INR EUR/INR GBP/INR Scrip NIFTY ICICIBANK CIPLA ENGINEERS INDIA

Contract OCT. DEC. OCT. DEC. SEP SEP SEP SEP SEP SEP SEP SEP CASH/ FUTURE/ OPTION FUTURE FUTURE FUTURE CASH

Strategy BUY BUY SELL SELL BUY SELL BUY SELL SELL SELL BUY BUY Strategy BUY BUY BUY BUY

Entry Level 32000 55250 31450 53900 3790 3640 5870 5660 85.60 101.75 87.55 103.30 Entry Level 5640-5650 940-950 440 169

Target 32075-32175 55420-55770 31380-31280 53700-53300 3815-3840 3615-3590 5895-5920 5635-5610 85.02-84.51 101.00-100.39 88.05-88.54 104.03-104.54 Target 5680-5725 970-990 445-458 174-182

Stop Loss 31550 54950 3680 54200 3750 3680 5830 5700

Remark NOT EXECUTED NOT EXECUTED BOOKED FULL PROFIT BOOKED FULL PROFIT
NOT EXECUTED

BOOKED PROFIT
NOT EXECUTED NOT EXECUTED NOT EXECUTED

BOOKED PROFIT
NOT EXECUTED

BOOKED PROFIT Stop Loss 5600 905 425 161 Remark


NOT EXECUTED BOOKED PROFIT BOOKED PROFIT BOOKED PROFIT

US ECONOMIC REPORT TIME (ET) 8:30 am 8:30 am 8:30 am 8:30 AM 8:30 am 8:30 AM 9:55 am 10 AM REPORT Weekly jobless claims Import price index Retail sales RETAIL SALES EX-AUTOS Producer price index CORE PPI UMich consumer sentiment index BUSINESS INVENTORIES PERIOD ACTUAL CONSENSUS FORECAST N/A 0.2% 0.2% 0.5% 0.0% 0.1% 82.1 0.0% PREVIOUS

THURSDAY, SEPT. 12 8/31 -Aug. FRIDAY, SEPT. 13 Aug. Aug. Aug. Aug. Sept. July --

0.6% 0.3% 0.3% 0.2% 0.2% 0.3%

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