Equity | F&O | DP | Commodities | Mutual Funds | Insurance | Bonds | IPOs | PMS | WMS | LAS | Currency Derivatives | NRI Services Morning Coffee with GEPL Capital Date: October 14, 2014 Market Update Indices Bulk Deals Prev. Close Abs. Change Change(%) 26,384.07 86.69 0.3% 7,884.25 24.30 0.3% BSE Indian Markets Sensex Nifty Developed Markets DJIA 16,321.07 (223.03) (1.3)% Nasdaq 4,213.66 (62.58) (1.5)% FTSE 6,366.24 26.27 0.4% Buy/ Sell Date Scrip Name Client Name 13-Oct-14 BHAGERIA MALLINATH SHARES & STOCK PRIVATE Buy LIMITED 46,841 129.4 13-Oct-14 MPPOLYPROLE EMOTION CAPITAL MARKET PRIVATE LIMITED 296,706 20.76 Sell Quantity Price For more Bulk Deals Click Here Emerging Markets (as of 08:30 am) HangSeng 23,319.37 175.99 0.8% Nikkei 15,079.23 (221.32) (1.4)% Prev. Close Abs. Change Change(%) Auto 17334.88 (13.54) (0.1)% Banks NSE BSE Sectoral Indices 17932.85 238.62 1.3% Capital Goods 14279.6 (72.38) (0.5)% Comm & Teck 5946.73 57.31 1.0% Con. Durables 9582 (8.21) (0.1)% 7311.69 (39.52) (0.5)% 13559.22 (143.11) (1.0)% FMCG Healthcare IT Metals 10805.2 124.46 1.2% 11080.97 149.48 1.4% 10765 11.30 0.1% Oil & Gas Power 2009.73 2.82 0.1% Realty 1563.66 (28.42) (1.8)% Prev. Close Abs. Change Change(%) 9489.76 45.35 0.5% 10646.47 35.47 0.3% By Capitalisation Midcap Smallcap Board Meetings Script Name BM Purpose BAJAJ-AUTO Quarterly Results BAJAJFINSV Quarterly Results BAJFINANCE Quarterly Results BCPAL General BLUEDART Quarterly Results CSIL Quarterly Results For more Board Meetings Click Here Fund Flows ( Rs in crore) Flls MFs GEPL Capital Pvt Ltd Latest MTD YTD (649.75) (1279.2) 82567.6 657.3 1600.1 10595.3 Date Scrip Name Client Name Buy/ Sell 13-Oct-14 Inventure Gro & Sec Ltd KANTABEN BHOGILAL KUBADIA Buy 450000 11.05 13-Oct-14 Mohit Industries Ltd KPR FINANCE LTD Buy 80465 34.17 Quantity Price For more Bulk Deals Click Here Event Update Release Date Event 14-Oct WPI YoY Bloomberg Consensus Previous Value 3.3% 3.74% Equity | F&O | DP | Commodities | Mutual Funds | Insurance | Bonds | IPOs | PMS | WMS | LAS | Currency Derivatives | NRI Services Morning Coffee with GEPL Capital Date: October 14, 2014 Market Summary Indian markets closed marginally up on end of the Monday’s session. BSE’s Sensex was up by 86.69 basis points and closed at 26384.07 while NSE’s Nifty was up by 24.30 points and closed at 7884.25. Sectors like Metal, Banking and IT had showed strong upwards movement, gained more than 1% in today’s trade. Bank Nifty was up by 1.37% and closed at 15665.7. Bank of India gained more than 4.19% and closed at 248.55. CNX IT rose by 1.11% closed at 11437.00 while CNX Metal sector rose by 1.30% and closed at 2784.45. Infy, Tata Power and SAIL remained top of the buying list. Indusind Bank Ltd. reported strong numbers for the 2QFY15. Interest income for 2QFY5 stood at Rs. 23787.60 Mil showed a growth of 17.8% YoY. Net income stood at Rs. 4302 Mil showed a growth of 30.3%. Stock rose 2.17% today and crossed 52 week high (Rs.648 per share), it is closed at Rs. 635.95 per share. Indian retail giant Future group entered into strategic partnership to build the synergies of experience in online and offline business. The company set a top line target of Rs. 6000 Crs. by doing this partnership. The stock rose at 1.65% and closed at Rs.115.60. Corporate News • RIL Q2 net almost flat at Rs 5,972 cr. The consolidated net sales rose 6.6% to Rs 1.13 lakh cr. • Sebi bars DLF, six top executives from markets for 3 years. Those prohibited from the markets include K P Singh, his son Rajiv Singh and daughter Pia Singh. • Suven Life gets patent for CNS molecule from US, South Korea. The product patents are valid through 2030. Economic News • Sept retail inflation at 6.46%, lowest since Jan 2012. Overall food inflation measured on the Consumer Price Index fell to 7.67%. • Oil subsidy to drastically fall during 2014-15. The oil subsidy burden has come down from 1.39 lakh cr last year to around Rs 80,000 cr this year. • JP Morgan cuts India 2014-15 growth forecast to 5.1%. Cites weaker IIP data for cutting its earlier projection of 5.3% Global News • British police seize over $400,000 in funds suspected to be for IS. Most of the money was seized from travellers departing from Manchester Airport to Turkey, who were suspected of supplying cash for militia fighters in Syria and Iraq. Fundamental Call Summary Release Date Stock Name Reco. Price Target Price Potential Upside Rating 01-Oct-14 TVS Motor 229 261 14% BUY 08-Sep-14 Cyient Ltd 457 526 15% BUY For entire fundamental list please click here GEPL Capital Pvt Ltd Equity | F&O | DP | Commodities | Mutual Funds | Insurance | Bonds | IPOs | PMS | WMS | LAS | Currency Derivatives | NRI Services Morning Coffee with GEPL Capital Date: October 14, 2014 Technical Snapshot Market Activity 13-October Close Points % BSE 26384 86 0.33 NSE 7884 24 0.31 Nifty Futures Bank Nifty Futures Nifty Short 7911 25 0.32 15701 205 1.32 Support Nifty Resistance Nifty 7750 (Up) 7855 7950 7600 (DOWN) 7800 8010 Sensex Support Resistance 26384 26100 26600 Key Highlights: Nifty Futures managed to respect the support range of 7830—7800. • • • • • • • • Nifty Futures opened weak and gradually recovered throughout the session to end the day with a gain of 25 points at 7911. The index formed a bullish piercing candlestick pattern on daily chart which indicates bullish momentum may intact in coming sessions. Going forward the range of 7830 to 7800 would now serve as important support, holding which there may still be some bounce back attempts seen. The upside may however not be sustainable as there is a severe set of resistance placed at 8010 and beyond that at 8100. We recommend a positional stop loss of 7800 (closing) for Nifty long positions as a move below this level may induce a deeper decline till 7755. On the weekly time frame it is the fifth consecutive negative close for the index and the momentum measures are still in a sell. Thus any upside bounce are not sustainable and Nifty Futures would continue to remain susceptible to declines till the time 8100 is not cleared. The intraday support levels for Nifty Futures are placed at 7855 and 7800 whereas the resistance levels are placed at 7950 and 8010. Trading Calls for the day: Stock Buy / Sell Segment Reco. Price Stop Loss Target 1 Target 2 Union Bank Buy Futures Lot Size Type of call 2000 One Day 204 200 210 - Titan Sell Futures 1000 One Day 397 402 390 - Current Calls: Sr. No 1 Date 09-Oct–14 Action Buy GEPL Capital Pvt Ltd Company CEAT Ltd Product 3—5 Days Reco. Price 782.5 Stop Loss 732 Target 850 CMP Time Frame 762.9 3—5 Days Remarks Equity | F&O | DP | Commodities | Mutual Funds | Insurance | Bonds | IPOs | PMS | WMS | LAS | Currency Derivatives | NRI Services Morning Coffee with GEPL Capital Date: October 14, 2014 Derivatives Snapshot Nifty Spot Nifty Futures Nifty Futures Prem. / Disc Nifty Futures Basis Nifty Futures OI Nifty Futures Change in OI Nifty Futures Volume ( in cr.) Highest Total OI Call Strike Highest Total OI Put Strike Nifty OI PCR NSE VIX Current 7884.25 7911.40 27.15 50 14826500 (607550) 1.31 8200 7800 1.09 14.50 Previous 7859.85 7886.80 26.95 47.95 15434050 (984450) 1.34 8200 7800 1.03 14.33 Change 24.30 24.40 0.20 - - - - - - - 0.17 % Chg 0.31 0.31 - - - - - - - - 1.19 Snapshot: • • • • • Nifty October Futures ended @ 7911.40 up by 24points with premium of 27 points. Nifty futures Open interest decreased by 6 lakh shares with October series total open interest stands at 1.48 crore shares. Nifty 8200 call has highest OI, whereas 7800 put holds the highest OI indicating 8100 to 7650 range for the week and Bank Nifty 16000 call has highest OI and 15000 put has highest OI indicating 16500 to 14500 range for the week. Nifty 7900 call saw addition of 8.12 lakh shares in OI, whereas, 7700 put saw addition of 8.67 lakh shares in OI. India VIX ended 1.19% up @ 14.50 against the previous close of 14.33. FII Derivatives Statistics: Securities in Ban for Trade : Buy (Rs. in Cr.) Sell (Rs. in Cr.) Net Buy / Sell (Rs. in Cr.) INDEX FUTURES 1037.50 1859.28 (821.77) Sr. No. Stock Name 1 IBREALEST Sr. No. 5 Stock Name - INDEX OPTIONS 12788.73 12140.67 648.06 2 - 6 - STOCK FUTURES 1912.97 1934.42 (21.45) 3 - 7 - STOCK OPTIONS 2495.61 2505.99 (10.38) 4 - 8 - Open Interest Summary: Y Axis Long Build Up (+ +) Short Build Up (- +) Stock Price % OI % Stock Price % OI % M&M (3.09) 24.32 FED BANK 5.35 11.27 CIPLA (2.29) 10.12 UNION BANK 4.32 8.61 BHARAT FORGE (4.32) 9.54 X Axis 0 Long Unwinding (- -) Stock PETRONET Short Covering (+ -) Price % OI % Stock Price % OI % (1.5) (3.25) ASIANPAINT 1.16 (6.77) HCLTECH 2.24 (4.27) TATACOMM 1.24 (2.26) Long Build Up: When price of a particular stock/Index future rises along with the rise in Open Interest. Short Build Up: When Price of a particular stock/Index future falls with the rise in Open Interest. Short Covering: When price of a particular stock/Index future rises with the fall in Open Interest. Long Unwinding: When price of a particular stock/Index future falls along with the fall in Open Interest. GEPL Capital Pvt Ltd Equity | F&O | DP | Commodities | Mutual Funds | Insurance | Bonds | IPOs | PMS | WMS | LAS | Currency Derivatives | NRI Services Morning Coffee with GEPL Capital Date: October 14, 2014 Debt Market Snapshot Forex Rates Prev. Close Abs. Change Change(%) USD/INR 61.33 (0.23) (0.38) EUR/INR 77.50 (0.15) (0.19) GBP/INR 98.34 (0.12) (0.12) JPY/INR 56.92 0.02 0.04 Government Security Market: • The Inter-bank call money rate traded in the range of 7.50%-8.10% on Monday ended at 7.80%. • Total Borrowings From RBI's Repo with banks taking Rs.24080 mn on Monday Vs Rs. 21030 mn on Friday . • The benchmark 8.40% GOI 2024 closed at 8.4185% on Monday Vs 8.4558% on Friday. Particulars Latest Previous Chg (bps) 5 Year GOI Bond 8.45% 8.48% 0.03 10 Year GOI Bond 8.42% 8.46% 0.04 U.S Treasury 10-year futures rose to the highest in almost 11 months as concern that global growth is slowing boosted demand for safer assets. 15-Year GOI Bond 8.63% 8.66% 0.03 10 Year Benchmark Technical View: Call Money (WAR) 7.90% 8.00% 0.10 10 year (8.40% GOI 2024) yield likely to move in the range of 8.40%8.45% level on Tuesday. CBLO (WAR) 7.86% 7.87% 0.01 US 10 Year 2.28% 2.31% 0.03 Crude Oil (in $/bl) 85.82 85.77 (0.05) Inflation (Monthly) 5.43% 5.43% - Global Debt Market: GEPL Capital Pvt Ltd Bonds in Secondary Market: Bonds 7.22 REC 2022 ( Tax Free) Coupon Maturity Face Value 7.22 19/12/22 1000 Equity | F&O | DP | Commodities | Mutual Funds | Insurance | Bonds | IPOs | PMS | WMS | LAS | Currency Derivatives | NRI Services Morning Coffee with GEPL Capital Date: October 14, 2014 Research Team: Name Section Contact Email Disha Hazari Equity Research 91 (22) 6614 2693 [email protected] Ankit Shah Debt Research 91 (22) 6618 2355 [email protected] Ram Chotwani Derivative Research 91 (22) 6618 2683 [email protected] Rajesh Manial Technical Research 91 (22) 6614 2686 [email protected] GEPL CAPITAL Pvt Ltd Reg. Office: D-21/22 Dhanraj mahal, CSM Marg, Colaba, Mumbai 400001 Disclaimer: This report has been prepared by GEPL Capital Private Limited ("GEPL Capital"). 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