DAILY REPORT 20th NOVEMBER. 2013
Global markets at a glance European shares eased on Tuesday, with caution on stocks from U.S. billionaire investor Carl Icahn and a retreat on Wall Street overnight encouraging profit-taking after a rally that took Germany's DAX to a record high. Some 48 percent of European companies have missed quarterly expectations. The relatively weak profits, coupled with stock market gains, have lifted market valuations, with the price/earnings ratio on STOXX Europe 600 around fouryear highs at 13.6 times.
World Indices
MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS dipped 0.2 percent but was still up 1.3 percent from the start of week, outperforming the 0.6 percent fall in the Standard & Poor's 500 Index .SPX. Hong Kong shares .HSI, which have gained 2.7 percent so far this week, extended gains while mainland shares were mostly flat. Japan's Nikkei share average .N225 rose as much as 0.5 percent before ceding some gains
Top Gainers
Wall Street Update U.S. stocks edged lower after the Dow briefly broke above a key level for a second day and shares of Best Buy dropped on worries about its margins. The major indexes continue to face resistance at key levels, with the Dow breaking above 16,000 briefly and the S&P 500 hovering near 1,800, which it briefly crossed on Monday. Both indexes were unable to hold those levels at Monday's close. Previous day Roundup Equity benchmarks closed flat with a positive bias amid weak global cues on Tuesday as investors looked cautious over timeline of Fed tapering. The Sensex rose 40.08 points to 20,890.82, in addition to a 656-point rally seen in previous two sessions. The Nifty closed above the 6,200 level for the first time since November 6, gaining points 14.35 points to 6,203.35. Index stats The Bankex and Bank Nifty both advanced 0.41% respectively. All the sectors advanced Capital Goods [up 117.12pts], Oil & Gas [up 10.14pts], Realty [up 20.14pts], TECK [up 22.13pts], IT [up 23.66pts], FMCG [down 29.86pts], AUTO [up 31.10pts], Metals [up 18.67pts], PSU [up 14.55pts] except Consumer Durables [down 39.85pts], Power [down 2.89pts], and Healthcare [down 23.16pts].
YOUR MINTVISORY
Index
Value
% Change
15,967.03
-0.06
S&P 500
1,787.87
-0.20
NASDAQ EURO STO FTSE 100
3,931.55 3,049.17 6,698.01
-0.44 -1.04 -0.38
Nikkei 225 Hong Kong
15,090.22 23,710.05
-0.24 +0.22
DJl
Company
CMP
Change
% Chg
HINDALCO
124.15
5.15
+4.33
JINDALSTEL
254.75
9.80
+4.00
PNB
550.70
20.80
+3.93
49.75
1.50
+3.11
1,821.35
53.75
+3.04
CMP
Change
% Chg
345.05 185.00 95.00 660.25 382.10
7.45 3.35 1.35 8.55 4.70
-2.11 -1.78 -1.40 -1.28 -1.22
Prev. Close
Change
%Chg
127.25
1.40
+1.11
1,035.05
40.60
+4.08
125.20
3.00
+2.45
INFY
3,439.20
35.10
+1.03
MINDTREE
1,430.15
22.10
+1.57
Prev. Close
Change
%Chg
98.40 80.50
5.15 2.20
-4.97 -2.66
CMP
Change
% Chg
6,203.35 20,890.82
+14.35 +40.08
+0.23 +0.19
JPASSOCIAT SBIN
Top Losers Company
BPCL SSLT POWERGRID HDFCBANK TATASTEEL
Stocks at 52 Week’s high Symbol
ARVIND BATAINDIA ESCORTS
Stocks at 52 Week’s Low Symbol
JPOLYINVST PFRL
Indian Indices Company NIFTY SENSEX
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DAILY REPORT 20th NOVEMBER. 2013
EQUITY CASH & FUTURE
STOCK RECOMMENDATIONS [FUTURE] 1. APPOLO TYRE
STOCK RECOMMENDATION [CASH] 1. ABAN OFFSHORE
APPOLO TYRE FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it continues to sustain above 80, We advise buying above 80 levels with strict stop loss of 78 for the targets of 82-84 levels.
ABAN OFFSHORE is looking strong on charts. We advise buying above 305 levels with strict stop loss of 298 for the targets of 312-318 levels.
2. JINDAL STEEL
JINDAL STEEL FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it continues to sustain above 255, We advise buying around 255 levels with strict stop loss of 250 for the targets of 260-265 levels.
YOUR MINTVISORY
MACRO NEWS The government has decided to allot natural gas at a uniform price to retailers of the fuel in different cities. Paris-based Organization for Economic Co-operation and Development (OECD) has said Indian economy will grow just 3.4% in the current financial year, almost same as the 3.3% growth recorded last year. This is even below the 3.7% projection of the International Monetary Fund ( IMF) and 5.7% estimated in its earlier May forecast. These estimates are based on market prices, and are not strictly comparable with India's official statistics that measure economic output at factor cost. Finance ministry and a Reserve Bank of India panel is working on proposals to ensure equal treatment for foreign institutional investors (FIIs) and foreign direct investments (FDIs). The panel has discussed a 49 percent cap on FII investment. IRFC has filed draft red herring prospectus with SEBI for issue of tax free secured redeemable non-convertible bonds in the nature of debentures of face value of Rs 1,000 each. The company aims to raise Rs 10,000 crore through the issue.
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DAILY REPORT FUTURE & OPTION
20th NOVEMBER. 2013
MOST ACTIVE PUT OPTION Symbol
Option Type
Strike Price
LTP
Traded Volume (Contracts)
Open Interest
NIFTY
PE
6,200
46.85
3,35,829
55,13,650
NIFTY
PE
6,100
20.30
2,88,100
47,83,650
NIFTY
PE
6,000
8.90
1,77,364
60,73,500
BANK NIFTY
PE
11,000 106.70
21,136
2,63,625
SBIN
PE
1,750
11.80
8,147
3,26,250
INFY
PE
3,400
18.95
2,544
2,23,625
RELIANCE
PE
860
4.75
1,945
3,27,500
TATASTEEL
PE
380
6.95
2,345
10,99,000
Strike Price
LTP
Traded Volume (Contracts)
Open Interest
STOCKS IN NEWS Power Grid Corporation of India 's sale of shares, valued at about USD 1.2 billion, is likely to open on December 3. The offering includes fresh issue of 60.1 crore shares and disinvestment of 18.5 crore shares, or 4 percent stake, by the Indian govt. IL&FS power unit in Tamil Nadu delayed Licences of 11 coal blocks may be revoked Calcutta High Court orders status quo on Haldia Petrochemicals share transfer deal NIFTY FUTURE
MOST ACTIVE CALL OPTION Symbol
Option Type
NIFTY
CE
6,300
31.30
3,44,959
54.18,000
NIFTY
CE
6,200
77.50
2,98,334
42,39,400
NIFTY
CE
6,400
9.05
1,91,038
50,08,700
BANKNIFTY
CE
11,500
90.50
25,068
3,17,875
SBIN
CE
1,800
53.10
15,183
6,29,625
SBIN
CE
1,900
13.80
9,486
5,75,250
RELIANCE
CE
900
5.60
4,063
10,72,250
RELIANCE
CE
880
12.60
3,293
5,89,500
MCDOWELL-N
CE
2,500
68.00
5,295
2,22,125
Nifty Future closed in the green in the last trading session. We advise buying around 6200-6180 with strict stop loss of 6150 for the targets of 6240-6280 levels.
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
43430
1336.28
41132
1264.05
487890
15054.75
72.23
INDEX OPTIONS
381719
11670.22
401185
12253.80
1731038
53556.77
-583.58
STOCK FUTURES
55984
1557.38
60714
1687.77
1094396
30139.87
-130.39
STOCK OPTIONS
48234
1288.43
49379
1315.36
73210
1966.40
-26.93
TOTAL
-668.68
INDICES NIFTY
S2
S1
PIVOT
R1
R2
6166.44
6184.89
6198.64
6217.09
6230.84
NIFTYJUNIOR
12191.98
12243.16
12291.48
12342.66
12390.98
BANK NIFTY
11067.28
11127.56
11167.63
11227.91
11267.98
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DAILY REPORT 20th NOVEMBER. 2013
COMMODITY MCX
RECOMMENDATIONS CRUDE OIL
TRADING STRATEGY: BUY CRUDE ABOVE 5900 TGTS 5940/6000 SL 5840 SELL CRUDE BELOW 5840 TGTS 5800/5740 SL 5920 GOLD
TRADING STRATEGY: BUY GOLD ABOVE 30500 TGTS 30600/30700 SL 30400 SELL GOLD BELOW 30150 TGTS 30050/29950 SL 30250
YOUR MINTVISORY
COMMODITY ROUNDUP Silver prices moved down by 0.48% to Rs 46,510 per kg in futures market yesterday as speculators reduced their holdings on the back of a weak global trend. At the Multi Commodity Exchange, silver for delivery in March moved down by Rs 222, or 0.48%, to Rs 46,510 per kg in business turnover of 361 lots. Likewise, the white metal for delivery in December traded lower by Rs 205, or 0.45%, to Rs 45,130 per kg in 3,106 lots. speculators reduced their holdings on the back of a weak global trend as investors weighed comments from Fed policy makers about the outlook for stimulus amid a rally in equities mainly put pressure on silver prices at futures trade. Meanwhile, silver lost 0.8% to $20.24 an ounce, the lowest since August 9 in Singapore. Gold futures reversed from their lowest level in a week on Tuesday, helped by foreign markets, though a stronger rupee kept the upside limited. At 3:20 pm, the most-active gold for December delivery on the Multi Commodity Exchange was 0.11 per cent higher at Rs 30,084 per 10g, after hitting a low of Rs 29,954, a level last seen on November 13. The physical market has witnessed lack of activity, as exporters were given priority in shipments under the new rule. India has imposed supply restrictions on gold, the biggest non-essential import item, by linking domestic consumption to exports to curb a record trade deficit. The Union government has also raised the import duty to a record 10 per cent. Aluminium prices edged up by 0.18% to Rs 108.90 per kg in futures trade yesterday as participants enlarged positions, supported by a firming overseas trend. Strong demand in the spot markets also influenced metal prices. At MCX, Aluminium for delivery in November inched up by 20 paisa, or 0.18%, to Rs 108.90 per kg in business turnover of 53 lots. The metal for delivery in December traded higher by a similar margin at Rs 110.70 per kg in a business volume of 16 lots. Apart from increased domestic demand, a firming trend in the base metals overseas, helped aluminium futures to trade higher. Call us at +91-731-6642300
DAILY REPORT 20th NOVEMBER. 2013
NCDEX
RECOMMENDATIONS CASTORSEED
NCDEX INDICES Index
Value
% Change
Barley
1282
-1.00
Castor Seed
3890
+0.70
Chana
2995
-2.25
Chilli
6862
-3.97
Coriander
7050
+0.34
Cotton Seed Oilcake
1443
-0.48
12500
+0.75
Mustard seed
3675
+0.08
Ref Soya Oil
706.2
-0.32
Turmeric
5180
+3.77
Jeera
SELL CASTORSEED JAN BELOW 4290 TG 4260,4220 SL 4340 BUY CASTORSEED JAN ABOVE 4330 TG 4360,4400 SL 4280 DHANIYA
NCDEX ROUNDUP Turmeric futures in India's National Commodity and Derivatives Exchange (NCDEX) gain sharply this week on estimates of lower producers while Chana fell 2.36% to Rs 3149 s market sentiments turnd bearish on inferior quality of the commodity in Rajasthan and Maharasthra markets. In overseas markets, US corn and wheat futures rose marginally to $414 and $646 6/8 respectively while soybeans fell t $12.83 per bushel on favourable planting conditions in Argentina. Among the gainers were ICE Coffee, ICE Sugar and COtton. China has rejected a cargo of corn from US citing the presence of genetically modified Viptera corn of Syngenta AG. It may receive approval soon in China as it has been already shipped to Japan, European Union and Mexico.
SELL DHANIYA DEC BELOW 7220 TG 7190,7150 SL 7270 BUY DHANIYA DEC BELOW 7370 TG 7400,7450 SL 7320
YOUR MINTVISORY
US Corn and soybean harvest was nearly complete in the US, the world's top food producer. US corn harvest was 91% complete while soyben crop is 95% complete
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DAILY REPORT 20th NOVEMBER. 2013
CURRENCY
RBI Reference Rate Currency
Rate Currency
Rupee- $
62.2311 Yen-100
Euro
84.0585 GBP
Rate
62.3200 100.1796
USD/INR CURRENCY ROUNDUP The Indian rupee gained past 62 to a dollar to a near 2-week high on Tuesday on heavy selling by foreign banks on behalf of their overseas clients. The rupee rose to as much as 61.87 to a dollar, a level last seen on Nov. 6. It was last trading at 61.92/93 versus its 62.41/42 close on Monday. Equity inflows in November stood at $897.91 million as on Friday. The Indian rupee rose for a fourth straight session to a near two-week high on Tuesday on strong foreign inflows into stocks and as global risk sentiment was boosted after China's central bank governor said the Yuan's trading band USD/INR has closed @62.4350. If it breaks the level of 62.25, it can touch the level of 62.12 & 61.96. If it sustains above 62.90 it can touch the level of 63.09 & 63.30.
will be widened. Foreign fund inflows into local stocks have already totaled nearly $900 million in November, adding to the rupee's gains after $2.6 billion inflows in October. Foreign banks have been consistent dollar sellers in recent ses-
GBP/INR
sions as they buy into Indian equities. The partially convertible rupee closed at 62.36/37 per dollar, compared with 62.41/42 on Monday. It has gained 2.2 percent in the past four sessions. It rose to 61.87 in session, its highest since Nov. 6. Global factors have also had a large hand in the rupee's recent rally. Prospect of extended stimulus in the United States and reforms in China had spurred a risk rally on Monday. The dollar was under pressure but global shares found support on Wednesday after Federal Reserve Chairman Ben Bernanke reiterated the Fed's commitment to easy policy, cementing expectations its stimulus will stay for the rest of
GBP/INR has closed @100.39. If it breaks 100.20, it can touch the level of 100.03 & 99.84. If it sustains above 100.90 it can touch the level of 101.11 & 101.35.
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year. The U.S. dollar was also unsettled after China signaled it was willing to tolerate a stronger yuan - making it less likely to buy U.S. dollars to keep its currency pinned down. Call us at +91-731-6642300
DAILY REPORT 20th NOVEMBER. 2013
CALL REPORT PERFORMANCE UPDATES
Date 18/11/13 18/11/13 18/11/13 18/11/13 18/11/13 18/11/13 18/11/13 18/11/13
Date 18/11/13 18/11/13 18/11/13 18/11/13 08/11/13
Commodity/ Currency Pairs NCDEX CASTOR SEED NCDEX CASTOR SEED NCDEX DHANIYA NCDEX DHANIYA JPY/INR JPY/INR EUR/INR EUR/INR
Scrip NIFTY HDFC BANK AXIS BANK BPCL INFO EDGE INDIA
Contract JAN. JAN. DEC. DEC. NOV. NOV. NOV. NOV.
CASH/ FUTURE/ OPTION FUTURE FUTURE FUTURE CASH CASH
Strategy Entry Level SELL BUY SELL BUY SELL BUY SELL BUY
4215 4280 7290 7365 62.39 63.35 84.45 85.30
Strategy BUY BUY BUY BUY BUY
Target
Stop Loss
Remark
4190-4150 4305-4345 7260-7220 7395-7435 62.24-62.05 63.50-63.72 84.28-84.03 85.50-85.71
4255 4240
NOT EXECUTED BOOKED FULL PROFIT BOOKED PROFIT SL TRIGGERED BOOOKED PROFIT NOT EXECUTED NOT EXECUTED NOT EXECUTED
Entry Level Target 6170-6150 822 1145 354 420-430
6240-6310 840-860 1165-1185 359-364 455-475
7330 7325
Stop Loss 6080 800 1115 347 400
Remark BOOKED PROFIT CALL OPEN CALL OPEN SL TRIGGERED SL TRIGGERED
US ECONOMIC REPORT TIME (ET)
REPORT
PERIOD
ACTUAL
CONSENSUSFORECAST
PREVIOUS
WEDNESDAY, NOV. 20 8:30 AM 8:30 AM 8:30 AM 8:30 AM 10 AM 10 AM 2 PM
RETAIL SALES RETAIL SALES EX-AUTOS CONSUMER PRICE INDEX CORE CPI BUSINESS INVENTORIES EXISTING HOME SALES FOMC MINUTES
OCT. OCT. OCT. OCT. SEPT. OCT.
0.1% 0.2% 0.0% 0.2% 0.3% 5.23 MLN
-0.1% 0.4% 0.2% 0.1% 0.3% 5.29 MLN
N/A -0.2% 0.1 -15.0 --
-0.1% 0.1% 51.8 19.8
THURSDAY, NOV. 21 8:30 AM 8:30 AM 8:30 AM 8:58 AM 10 AM 10 AM
WEEKLY JOBLESS CLAIMS PRODUCER PRICE INDEX CORE PPI MARKIT FLASH PMI PHILLY FED LEADING INDICATORS
11/16 OCT. OCT. NOV. NOV. OCT.
N/A
FRIDAY, NOV. 22 10 AM
JOB OPENINGS
SEPT.
3.9 mln
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