DAILY REPORT 02nd DECEMBER. 2013
Global markets at a glance The FTSEurofirst 300 closed flat at 1,305.07 pts, having posted its highest closing level in five years the previous day. The euro zone's blue-chip Euro STOXX 50 fell 0.2 %, to 3,086.64 pts. Banking stocks were among the bestperforming shares in Europe on Friday in otherwise subdued trade .
World Indices
Asian shares traded mixed on Friday as Japanese shares eased from a 6yr high this week in thin trade. The Nikkei 225 index was down 0.07%, after closing Thursday at its highest level since Dec 2007, with some volatility in the exchange rate. Wall Street Update The Dow and the S&P 500 dipped in thin holiday trading on Friday, but technology stocks helped lift the Nasdaq to a 13-year high. The Nasdaq got a boost from the technology sector. The DJI fell 10.92 points or 0.07 %, to end at 16,086.41. The S&P 500 slipped 1.42 points or 0.08 %, to finish at 1,805.81. But the Nasdaq Composite added 15.136 points or 0.37 %, to close at 4,059.886. Previous day Roundup The S&P BSE Sensex gained 1.25%, while the broader NSE index ended 1.38% up, also marking their biggest weekly gain of around 3% since the week ended October 11. The benchmark Sensex jumped 257 points on Friday to its highest level in almost two weeks buoyed by heavy buying in banking, PSU and capital goods shares on hopes that second quarter GDP growth will beat expectations. After gaining 114.65 points in the previous session, the Sensex shot up by 257.02 points, or 1.25%, to end at 20,791.93, after touching intra-day high of 20,819.77. Index stats The Bankex and Bank Nifty both advanced. Among the sartorial indices all the sectors were up; Capital Goods [up 172.36pts], Oil & Gas [up pts], AUTO [up 15.35pts], PSU [up 107.27pts], Consumer Durables [up 30.20pts], Metals [up 162.81pts] Realty [up 20.16pts], TECK [up 43.26pts], IT [up 72.94pts], Power [up 20.90pts], and Healthcare [up 81.79pts], the index slipped was FMCG [up 76.00pts].
Index
Value
% Change
16,086.41
-0.07
S&P 500
1,805.81
-0.08
NASDAQ EURO STO FTSE 100
4,059.89 3,086.64 6,650.57
+0.37 -0.19 -0.06
Nikkei 225 Hong Kong
15,661.87 23,881.29
-0.41 +0.39
DJl
Top Gainers Company
CMP
Change
% Chg
JPASSOCIAT
54.00
4.55
+9.20
NMDC
132.80
8.30
+6.67
BANKBARODA
647.00
31.80
+5.17
SSLT
183.10
8.00
+4.57
BHEL
156.65
5.70
+3.78
CMP
Change
% Chg
946.00 2,045.00 470.05 147.5 503.95
12.85 14.25 2.55 0.40 0.90
-1.34 -0.69 -0.54 -0.27 -0.18
Prev. Close
Change
%Chg
294.10
2.50
0.86
1,065
9.50
-0.88
BIOCON
386.15
3.15
-0.81
CENENKA
148.20
9.60
6.93
Prev. Close
Change
%Chg
56.30
0.35
-0.62
CMP
Change
% Chg
6,176.10 20,791.93
+84.25 +257.02
+1.38 +1.25
Top Losers Company
M&M HEROMOTOCO WIPRO NTPC ASIANPAINT
Stocks at 52 Week’s high Symbol
AUROPHARMA BATAINDIA
Stocks at 52 Week’s Low Symbol
JPOLYINVST -
Indian Indices Company NIFTY SENSEX
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DAILY REPORT 02nd DECEMBER. 2013
EQUITY CASH & FUTURE
STOCK RECOMMENDATIONS [FUTURE] 1. RECLTD
STOCK RECOMMENDATION [CASH] 1. SRF LTD
RECL FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it continues to sustain above 224, We advise buying around 225-228 levels with strict stop loss of 220 for the targets of 232-236 levels.
SRF LTD is looking strong on charts. We advise buying around 205-210 levels with strict stop loss of 190 for the targets of 225-235 levels.
2. PFC
MACRO NEWS The economy grew a higher-than-expected 4.8% in the three months through Sept, helped by an uptick in agriculture and construction. The economy is struggling to rebound from a long slowdown. Economic growth virtually halved in two years to 5% in the fiscal year, the lowest level in a decade. Manufacturing rose an annual 1% during the quarter and mining fell by 0.4%, the data showed, while farm output rose 4.6%. Power Grid FPO on Dec 3;priced at Rs 85-90/share. The RBI gave commercial banks the option of paying interest on savings and term deposits at intervals less than three months. The US State Department extended six-month Iran sanctions waivers on Friday to India, China, South Korea and other countries in exchange for their reducing purchases of Iranian crude oil earlier this year. Cairn India to buy back shares worth Rs 5,725 crore at maximum Rs 335/share -To buyback up to 17.08 crore shares (8.9 percent equity) -Share buyback likely to begin in January 2014.
PFC FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it continues to sustain above 159, We advise buying around 158-159 levels with strict stop loss of 156 for the targets of 162-164 levels.
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DAILY REPORT FUTURE & OPTION
02nd DECEMBER. 2013
STOCKS IN NEWS Coal India arm invites bid for setting up washery in Jharkhand. JSPL may move to court if Ramchandi block is deal located. Coal India says jobs protest losing it 200,000 tonnes of output a day. Private oil & gas companies may get nod to explore shale resources soon. Aviation turbine fuel price hiked by marginal 0.8% NIFTY FUTURE
MOST ACTIVE PUT OPTION Symbol
Option Type
Strike Price
LTP
Traded Volume (Contracts)
Open Interest
NIFTY
PE
6,000
59.55
1,46,981
52,94,450
NIFTY
PE
6,100
87.95
1,43,382
33,68,600
NIFTY
PE
5,900
39.60
91,338
33,05,150
BANK NIFTY
PE
10,500 125.00
7,283
1,68,125
SBIN
PE
1,750
33.00
2,740
1,47,875
RELIANCE
PE
840
14.95
1,283
2,31,000
JPASSOCIAT
PE
50
1.90
1,252
28,24,000
MCDOWELL-N
PE
2,600
80.95
1,011
1,22,875
Strike Price
LTP
Traded Volume (Contracts)
Open Interest
MOST ACTIVE CALL OPTION Symbol
Option Type
NIFTY
CE
6,300
103.10
1,63,704
40,84,500
NIFTY
CE
6,400
65.60
1,43,199
30,94,050
NIFTY
CE
6,500
39.35
1,27,330
41,45,750
BANKNIFTY
CE
12,000
121.10
11,247
1,40,500
SBIN
CE
1,800
92.90
2,964
94,750
JPASSOCIAT
CE
60.00
1.50
2,910
32,04,000
BHEL
CE
160
5.20
2,725
12,90,000
RELIANCE
CE
860
24.15
2,111
3,85,750
UNITECH
CE
17
0.95
1,846
84,64,000
Nifty Future closed in the green in the last trading session. We advise buying above 6240 which is major resistance in short term. Above 6240 we may see levels of 6280-6350 levels with strict stop loss of 6170.
FII DERIVATIVES STATISTICS BUY
SELL
OPEN INTEREST AT THE END OF THE DAY
No. of Amount in No. of Amount in No. of Contracts Crores Contracts Crores Contracts
Amount in Crores
NET AMOUNT
INDEX FUTURES
67070
2062.26
49245
1516.69
413475
12753.92
545.57
INDEX OPTIONS
350777
10630.10
302866
9289.54
1379563
42540.53
1340.56
STOCK FUTURES
56975
1517.83
57487
1535.66
1054916
29107.43
-17.83
STOCK OPTIONS
13004
351.58
12420
335.38
13139
360.41
16.20
TOTAL
1884.51
INDICES NIFTY
S2
S1
PIVOT
R1
R2
6075.43
6125.76
6154.13
6204.46
6232.83
NIFTYJUNIOR
12162.46
12262.93
12319.71
12420.18
12476.96
BANK NIFTY
10849.35
11001.65
11093.9
11246.2
11338.45
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DAILY REPORT 02nd DECEMBER. 2013
COMMODITY MCX
RECOMMENDATIONS SILVER
COMMODITY ROUNDUP The government on Friday slashed the import tariff value on gold and silver to $405 per ten gram and $642 per kg, respectively, in line with global trends. Besides precious metals, the tariff value on imported brass scrap has also been reduced to $3906 per tonne from $3995 per tonne. U.S. crude oil rebounded from recent declines. Oil prices rallied. U.S. light sweet crude gained 93 cents to $93.23 a barrel after recent declines, as an explosion at an army depot in southern Libya kept supply disruptions in traders' minds.
TRADING STRATEGY: BUY SILVER ABOVE 44650 TGTS 44900/46300 SL 44350 SELL SILVER BELOW 43950 TGTS 43700/43400 SL 44250 GOLD
Gold rose 1.1% to $1,251 an ounce, but the commodity has been under pressure throughout the year, driven by worries over the U.S. Fed eventually scaling back its stimulus. Gold rose on Friday as the dollar declined but made its biggest monthly drop in five months on signs that recovery in the U.S. economy could lead to the curbing of easy central bank money. Gold has shed more than 5 % in Nov and has lost around a quarter of its value so far this year, which puts it on track to post its first annual loss in 13 years. Gold has stayed below $1,300 an ounce for the past three weeks and has been largely range-bound in the last few sessions due to thin trading around the U.S. Thanksgiving holiday on Thursday. Spot gold rose 0.6 % to $1,250.96 an ounce by 1:06 p.m. EST (1806 GMT). This is down 5.57 % from the end of Oct. It had fallen to a 4-1/2 month low of $1,227.34 on Monday. U.S. gold futures rose 1.0 % to settle at $1,250.40 an ounce. The contract dropped 5.59 % in November, its weakest monthly performance since June. However in the domestic market, gold prices were ruling firm at Rs 31,320 per 10 gram in the national capital due to high premium charges on the yellow metal in the wake of tight supply following the government's gold import curbs . India imported 393.68 tonnes of the yellow metal during the April-September period of this year, as per official data.
TRADING STRATEGY: BUY GOLD ABOVE 30330 TGTS 30430/30580 SL 30180 SELL GOLD BELOW 30150 TGTS 30050/29950 SL 30300
YOUR MINTVISORY
Aluminium prices fell by 0.30% to Rs 107.95 per kg in futures trading on Friday as speculators offloaded their positions driven by weak global trend on supply outlook. At the MCX Aluminium for delivery in December declined by 40 paise, or 0.30%, to Rs 107.95 per kg in business turnover of 179 lots.
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DAILY REPORT 02nd DECEMBER. 2013
NCDEX
RECOMMENDATIONS CASTORSEED
NCDEX INDICES Index
Value
% Change
Barley
1348
-0.81
Castor Seed
4380
-1.40
Chana
3075
+1.12
Chilli
7062
-4.00
Coriander
7495
-2.60
Cotton Seed Oilcake
1384
-0.50
12562.5
-1.39
Mustard seed
3753
-0.74
Ref Soya Oil
717.5
-0.58
BUY CASTORSEED(JAN) ABOVE 4435 TG 4460,4490 SL 4390 SELL CASTORSEED(JAN) BELOW 4360 TG 4335,4295 SL 4400
Turmeric
5194
-3.99
DHANIYA
NCDEX ROUNDUP Import tariff value on Areca nut and some vegetables has been kept unchanged. The tariff value on imported poppy seeds has been raised to $2781 per tonne from $2,556 per tonne that prevailed till yesterday. The import tariff value on gold has been changed due to volatility in precious metals in the global market.
Jeera
Chana prices rose by Rs 31 to Rs 3,165 per quintal in futures trade on Friday as traders enlarged their holdings on account of the good demand in the market due to ongoing marriage season. At the NCDEX chana for delivery in January rose by Rs 31, or 0.99%, to Rs 3,165 per quintal, with an open interest of 58,260 lots.
BUY DHANIYA(DEC) ABOVE 7665 TG 7690,7730 SL 7625 SELL DHANIYA(DEC) BELOW 7535 TG 7510,7470 SL 7575
YOUR MINTVISORY
Cardamom prices rose by Rs 2.10 to Rs 744 per kg in futures trade on Friday as speculators created fresh positions amid a rise in demand in the spot market against restricted arrivals from producing belts. At the MCX cardamom for delivery in January rose by Rs 2.10, or 0.28%, to Rs 744 per kg in business turnover of 54 lots.
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DAILY REPORT 02nd DECEMBER. 2013
CURRENCY
RBI Reference Rate Currency
Rate Currency
Rupee- $
62.3948 Yen-100
Euro
84.9755 GBP
GBP/INR
BUY GBP/INR ABOVE 102.86 TGTS 102.99,103.18 SL 102.36. SELL GBP/INR BELOW 102.23 TGTS 102.07, 101.86 SL 102.73. USD/INR
BUY USD/INR ABOVE 63.01 TGTS 63.15, 63.25 SL 62.51. SELL USD/INR BELOW 62.60 TGTS 62.44, 62.29 SL 63.10. YOUR MINTVISORY
Rate
60.9700 102.0592
CURRENCY ROUNDUP The Indian rupee weakened for a second consecutive session on Friday as month-end dollar demand from oil firms offset an increased global investor demand for risk that sent other currencies such as the euro higher. Despite ending the week with mild losses, the rupee notched a second consecutive weekly gain, helped earlier in the week by the rally in the euro and the biggest weekly gain in domestic shares since the week ended Oct. 11. However, the rupee snapped two months of gains to fall 1.5 % in November. Oil companies have returned to sourcing dollars in markets in November, and away from a special window provided by the central bank, while signs foreign investors were paring their purchases also hit the currency. But overall, sentiment could remain weak as the central bank ends the special currency swap window to banks raising funds abroad, which had brought $25 billion in inflows since end-September on Saturday. The partially convertible rupee closed at 62.44/45 per dollar compared to 62.41/42 on Thursday. The euro edged lower against the dollar to $1.3588. The dollar rose to 102.44 against the yen in light volume. Investors have been using the yen as a funding currency for carry trades, with the Bank of Japan committed to keeping ultraloose monetary policy to shore up growth. That is in contrast to the U.S. Federal Reserve, which is moving toward unwinding its $85 billion-a-month bond-buying campaign. The yen is down almost 18 % versus the euro this year, while it is off 15 % against the greenback and is also set for its biggest one-month fall since January. Prices for U.S. Treasuries dipped slightly in subdued trading, with investors looking ahead to data next week. The benchmark 10-year Treasury note was down 5/32, the yield at 2.7535 %. The index of the dollar against six major currencies was trading down 0.2 percent. In the offshore nondeliverable forwards, the one-month contract was at 62.90 while the three-month was at 63.92.
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DAILY REPORT 02nd DECEMBER. 2013
CALL REPORT PERFORMANCE UPDATES
Date 29/11/13 29/11/13 29/11/13 29/11/13 29/11/13 29/11/13 29/11/13 29/11/13 29/11/13 29/11/13 29/11/13 29/11/13
Date 29/11/13 29/11/13 29/11/13 26/11/13
Commodity/ Currency MCX GOLD MCX GOLD MCX SILVER MCX SILVER NCDEX CASTOR SEED NCDEX CASTOR SEED NCDEX DHANIYA NCDEX DHANIYA JPY/INR JPY/INR EUR/INR EURINR
Scrip
Contract
Strategy
Entry Level
Target
SL
Remark
DEC DEC. DEC DEC JAN. JAN. DEC. DEC. DEC. DEC. DEC. DEC.
BUY SELL BUY SELL SELL BUY BUY SELL SELL BUY SELL BUY
30250 29835 45200 43950 4360 4430 7720 7580 61.30 62.03 84.90 85.70
30300-30380 29785-29720 45400-45800 43700-43500 4330-4290 4460-4500 7750-7790 7550-7510 61.15-61.00 61.17-62.33 84.75-84.55 85.84-86.02
30170 29915 45000 44100 4410 4380
BOOKED PROFIT NOT EXECUTED BOOKED PROFIT NOT EXECUTED NOT EXECUTED SL TRIGGERED SL TRIGGERED BOOKED FULL PROFIT BOOKE PROFIT NOT EXECUTED BOOKED PROFIT NOT EXECUTED
CASH/FUTURE Strategy
TATASTEEL TATA COM VOLTAS NIFTY
FUTURE FUTURE CASH FUTURE
Entry Level
BUY BUY BUY BUY
Target
405 285 108-110 6060-6080
415-425 290-295 115-120 6125-6150
7670 7630 61.90 61.45 85.55 85.10
SL
Remark 369 280 104 6020
CALL OPEN BOOKED FULL PROFIT CALLOPEN BOOKED FULL PROFIT
US ECONOMIC REPORT TIME (ET)
REPORT
8:58 AM 10 AM 10 AM
MARKIT PMI ISM CONSTRUCTION SPENDING
PERIOD ACTUAL MONDAY, DEC. 02 NOV NOV. OCT.
CONSENSUSFORECAST
PREVIOUS
55.0% 0.5%
56.4%
15.6 MLN
15.2 mln 130,000 -$41.8 BLN 55.4% 421,000
0.6%
TUESDAY, DEC. 03 TBA
MOTOR VEHICLE SALES
NOV.
WEDNESDAY, DEC. 04 8:15 AM
ADP EMPLOYMENT
NOV.
176,000
8:30 AM 10 AM 10 AM 2 PM
TRADE DEFICIT ISM NONMANUFACTURING NEW HOME SALES BEIGE BOOK
OCT. NOV. OCT..
-$40.5 BLN 55.5% 428,000
8:30 AM 8:30 AM 10 AM
WEEKLY JOBLESS CLAIMS GDP REVISION FACTORY ORDERS
THURSDAY, DEC. 05 11/30 3Q OCT.
N/A 3.1% -0.7%
N/A 2.8% 1.7%
FRIDAY, DEC. 06 8:30 AM 8:30 AM 8:30 AM 8:30 AM 8:30 AM
NONFARM PAYROLLS UNEMPLOYMENT RATE PERSONAL INCOME CONSUMER SPENDING CORE PCE PRICE INDEX
NOV. NOV. OCT. OCT. OCT.
180,000 7.2% 0.3% 0.2% 0.1%
204,000 7.3% 0.5% 0.2% 0.1%
9:55 AM
UMICH CONSUMER SENTIMENT INDEX
DEC.
74.0
72.0
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