DAILY REPORT 22nd NOVEMBER. 2013
Global markets at a glance European shares fell on Thursday, led by financials, after the Federal Reserve signaled it may start withdrawing its monetary stimulus in the next few months. Weak data from China aggravated the decline. The FTSEurofirst 300 was down or 0.6%, at 1289.31, by 0824 GMT, echoing Wall Street, which reversed course after the Fed minutes. Asian shares were mixed Thursday with the Nikkei settling sharply up as the Bank of Japan kept policy steady in its latest review, while China and Hong Kong fell after HSBC China flash manufacturing purchasing managers data for November came in weaker than expected.
World Indices Index
Value
% Change
16,009.99
+0.69
S&P 500
1,795.85
+0.81
NASDAQ EURO STO FTSE 100
3,969.16 3,044.34 6,681.33
+1.22 -0.10 0.00
Nikkei 225 Hong Kong
15,530.20 23,728.82
+1.07 +0.63
DJl
Top Gainers Wall Street Update The Dow industrials closed above 16,000 for the first time on Thursday as stocks rebounded from three days of weakness, after economic data pointed to a slowly improving labor market and subdued inflation. The Dow Jones industrial average. DJI shot up 109.17 pts, or 0.69%, to close at a record 16,009.99. The SPX gained 14.48 pts, or 0.81%, to finish at 1,795.85. The Nasdaq Composite Indexclimbed 47.89 points, or 1.22 percent, to end at 3,969.16.
Company
CMP
Change
% Chg
1,025.00
89.85
-3.74
INDUSINDBK
40500
15.15
-3.61
SSLT
180.10
6.65
-3.56
PNB
519.10
18.80
-3.50
AMBUJACEM
171..00
6.10
-3.44
CMP
Change
% Chg
1,655.50 319.55
5.65 0.95
+0.34 +0.30
Prev. Close
Change
%Chg
AJANTAPHARM
988.20
2.90
-0.29
AMARAJABAT
336.45
5.65
+1.71
CEATLTD
262.30
4.10
+1.59
1,605.00
68.55
+4.46
246.00
1.35
+0.55
Prev. Close
Change
%Chg
179.90 104.15
2.00 1.95
-1.10 -1.84
CMP
Change
% Chg
5,999.05 20,229.05
-123.85 -406.08
-2.02 -1.97
ACC
Top Losers Previous day Roundup The BSE Sensex and the Nifty fall over 1.5% as worried foreign investors reduce their pace of purchases, raising concerns that momentum will continue to wane after the benchmark hit a record high on November 3. Foreign institutional investors (FIIs) bought shares worth 800 million rupees ($12.8 million) on Wednesday compared with more than 10 billion rupees each on Monday and Tuesday. The Sensex ended down 406.08 points or 1.97% at 20229. The Nifty closed at 5999.05, down 123.85 points or 2.02%. About 923 shares have advanced, 1536 shares declined, and 133 shares are unchanged. Index stats The Bankex and Bank Nifty both declined 2.49% & 2.37% respectively. All the sectors declined Capital Goods [down 217.78pts], Oil & Gas [down 144.25pts], Realty [down 30.88pts], TECK [down 79.90pts], IT [down 135.15pts], FMCG [down 122.13pts], AUTO [down 150.57pts], PSU [down 32.95pts], Consumer Durables [down 78.32pts], Power [down 33.06pts], and Healthcare [down 121.39pts], Metals [down 166.62pts].
Company
MARUTI CAIRN
Stocks at 52 Week’s high Symbol
ICRA THINKSOFT
Stocks at 52 Week’s Low Symbol
GODREJPROP SPECIALITY
Indian Indices Company NIFTY SENSEX
YOUR MINTVISORY
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DAILY REPORT 22nd NOVEMBER. 2013
EQUITY CASH & FUTURE
STOCK RECOMMENDATIONS [FUTURE] 1. LIC HOUSING
STOCK RECOMMENDATION [CASH] 1. ZUARI LTD.
LIC HOUSING FUTURE is looking weak on charts, short build up has been seen, we may see more downside, if it continues to sustain below 208, We advise selling below 208 levels with strict stop loss of 211 for the targets of 205-203 levels.
ZUARI LTD is looking strong on charts. We advise buying above 124 levels with strict stop loss of 121 for the targets of 127-130 levels.
2. BANK OF INDIA
MACRO NEWS COAI has asked the Department of Telecom (DoT) not to give "exclusive" number series to Reliance Jio Infocomm and allocate only 10 lakh numbers in each circle as per the guidelines. Sistema Shyam Tele Services Ltd stuck to its target of making operating profits by end of 2014 while reporting improved operating parameters in the 3rd quarter. Banks borrowed Rs 14,615 crore under MSF on November 20. India's budget remains under pressure as the fiscal deficit in the first six months of FY14 stood at 76 per cent of the full-year target. The Reserve Bank of India is likely to have stepped in to prop up the rupee by selling dollars via state-run banks
BANK OF INDIA FUTURE is looking weak on charts, short build up has been seen, we may see more downside, if it continues to sustain below 210, We advise selling below 210 levels with strict stop loss of 216 for the targets of 204 -200 levels.
CORPORATE ACTION TODAY
YOUR MINTVISORY
SCRIP
GUJRATGAS RELAXO
ACTION
Rs. Per Share
DIVIDEND Face Value Split
9.00 From Rs.5/- To Re.1/-
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DAILY REPORT FUTURE & OPTION
22nd NOVEMBER. 2013
MOST ACTIVE PUT OPTION Symbol
Option Type
Strike Price
LTP
Traded Volume (Contracts)
Open Interest
NIFTY
PE
6,000
45.20
8,18,395
58,54,200
NIFTY
PE
5,900
16.55
5,12,904
48,87,200
NIFTY
PE
6,100
97.95
4,92,024
35,50,350
BANK NIFTY
PE
10,500
75.00
32,939
2,40,025
SBIN
PE
1,750
23.00
10,361
1,96,250
INFY
PE
3,300
25.05
2,304
62,500
RELIANCE
PE
860
16.85
2,172
4,69,500
AXISBANK
PE
1,100
26.70
3,714
2,55,250
Strike Price
LTP
Traded Volume (Contracts)
Open Interest
STOCKS IN NEWS Essar ship with China-bound iron ore arrested in Singapore. Cipla's subsidiary Meditab Holdings Limited buys stake in Quality Chemical for $15 million. M&M diversifies into branded fruit Business. Results Today: Siemens Cairn India to mull share buyback on Nov 26. Torrent in talks to buy Elder pharma business for Rs 2000 crore: NIFTY FUTURE
MOST ACTIVE CALL OPTION Symbol
Option Type
NIFTY
CE
6,100
30.20
7,59,704
56,49850
NIFTY
CE
6,200
10.15
5,81,821
61,84,900
NIFTY
CE
6,300
3.10
3,44,616
61,07,150
BANKNIFTY
CE
11,000
84.00
43,758
3,01,075
SBIN
CE
1,800
19.80
13,438
5,76,375
RELIANCE
CE
880
3.35
4,144
6,78,250
HDFC
CE
860
0.90
4,370
21,03,000
AXISBANK
CE
1,100
22.50
3,913
3,24,000
INFY
CE
3,400
21.00
3,392
1,94,500
Nifty Future closed in the red in the last trading session. We advise selling around 6050-6060 with strict stop loss of 6100 for the targets of 6000-5950 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
90348
2704.49
129582
3893.51
491323
14626.46
-1189.02
INDEX OPTIONS
917367
27422.04
893078
26759.62
1789946
53478.69
662.42
STOCK FUTURES
83649
2253.49
93490
2519.59
1112572
29578.57
-266.10
STOCK OPTIONS
57426
1575.02
60054
1628.17
75999
2044.57
-53.15
TOTAL
-845.84
INDICES NIFTY
S2
S1
PIVOT
R1
R2
5915.31
5957.18
6027.26
6069.13
6139.21
NIFTYJUNIOR
11796.36
11877.63
12012.81
12094.08
12229.26
BANK NIFTY
10535.23
10621.06
10743.68
10829.51
10952.13
YOUR MINTVISORY
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DAILY REPORT 22nd NOVEMBER. 2013
COMMODITY MCX
RECOMMENDATIONS SILVER
TRADING STRATEGY: BUY SILVER ABOVE 45500 TGTS 45700/46000 SL 45150 SELL SILVER BELOW 44800 TGTS 44600/44300 SL 45150 GOLD
COMMODITY ROUNDUP Gold plummeted to six weeks low level on Thursday, triggered by stronger dollar against the euro on weak Euro zone data amid Fed's tapering concern. The COMEX gold futures for December delivery trades at $1,247.60 a troy ounce, down $10.40 and the Silver December quotes at $19.947 a troy ounce, down 0.111 from last close. Local Gold futures recovered from the early losses on weak Indian currency against the greenback. The Indian value depreciated for the third day with the currency quotes at Rs 62.89, 0.52% value depreciated in a day over last close. MCX Gold December contract quotes at Rs 30,136, up Rs 66 per 10 grams from last close. The Silver futures for the December delivery quotes at Rs 44,995, down Rs 4 per 1 kg from last close. India crude oil, copper and gold futures recorded a slight up -tick on Thursday due to weakness in Indian currency and short covering. However, weak international cues have succeeded to put pressure on the commodities to certain extent. In the global market, copper, crude oil and gold futures remained weak and was seen trading down after Federal Reserve's October meeting minutes released on Thursday signalled that US Central Bank may start tapering its monetary stimulus soon. Domestic silver futures plunged below Rs 45000 per kg in the electronic trades today as the U.S. dollar marched further uphill after the release of Federal Reserve meeting minutes that showed the central bank considering an imminent slowing of its bond-buying program. Increasing popularity of silver in chemical, electrical and textile industry and industrial uses in general were highlighted at the 2013 Silver Industrial Conference
TRADING STRATEGY: BUY GOLD ABOVE 30500 TGTS 30600/30750 SL 30350 SELL GOLD BELOW 30150 TGTS 30050/29950 SL 30330 YOUR MINTVISORY
Copper futures inched higher on Thursday, as investors looked ahead to key U.S. economic data due later in the session to gauge the strength of the economy and the need for further stimulus. On the Comex division of the New York Mercantile Exchange, copper futures for December delivery traded at USD3.170 a pound during European morning trade, up 0.35%. Comex copper prices traded in a range between USD3.143 a pound, the daily low and a session high of USD3.171 a pound. The December contract settled 0.06% higher on Wednesday to end at USD3.159 a pound.
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DAILY REPORT 22nd NOVEMBER. 2013
NCDEX
RECOMMENDATIONS CASTORSEED
NCDEX INDICES Index
Value
% Change
Barley
1378.5
+0.07
Castor Seed
4233
-0.77
Chana
3106
-0.96
Chilli
7474
-0.35
Coriander
7257
-0.90
Cotton Seed Oilcake
1433
-0.97
12710
-0.51
3822
+1.03
729.65
+2.38
5098
-3.23
Jeera Mustard seed Ref Soya Oil Turmeric BUY CASTORSEED ABOV 4255 TGT 4285/4325 SL 4205 SELL CASTORSEED BELOW 4215 TGT 4285/4235 SL 4255 DHANIYA
NCDEX ROUNDUP The potential for wheat has been decimated in the north of the country. The lack of rainfall during Sep and, critically, Oct had particularly affected central and northern crops. Earlier in the month, the United Nations lowered its forecast further, even as it raised hopes for world cereals supplies. The UN's food agency, the Food and Agriculture Organization - which in October lowered its estimate for the Argentine wheat harvest to 9.5m tonnes, downgraded the figure again, to just 8.8m tonnes. Chana prices rose by Rs 17 to Rs 3,249 per quintal in futures trade yesterday as speculators created fresh positions, supported by pick up in demand in the spot market. At NCDEX chana for delivery in far-month January rose by Rs 17, or 0.53% to Rs 3,249 per quintal with an open interest of 47,920 lots.
BUY DHANIYA ABOVE 7315 TGT 7345/7385 SL 7275 SELL DHANIYA BELOW 7230 TGT 7200/7160 SL 7280
YOUR MINTVISORY
Refined soya oil prices moved up by 1.15% to Rs 722.80 per 10 kg in futures trading yesterday as speculators enlarged their positions driven by strong demand in the spot market. At NCDEX, refined soya for delivery in January moved up by Rs 8.25, or 1.15% to Rs 722.80 per 10 kg with an open interest of 94,250 lots.
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DAILY REPORT 22nd NOVEMBER. 2013
CURRENCY
RBI Reference Rate Currency
Rate Currency
Rupee- $
62.8895 Yen-100
Euro
84.4180 GBP
USD/INR
USD/INR has closed @63.0025. If it sustains 63.18, it can touch the level of 63.30 & 63.47. If it breaks 62.55 it can touch the level of 62.29 & 62.07. GBP/INR
Rate
62.4500 101.1389
CURRENCY ROUNDUP After the recent measures adopted by RBI, the country's current account deficit is expected to decline, Fitch said in a report on Thursday; but further it added that any fall might not be enough to shield India from further pressures related to the eventual start of Fed tapering. The CAD for the first quarter of the current financial year was at $21.8 billion, or 4.9 per cent of the gross domestic product, driven by sluggish exports and high gold imports in April and May. The global rating agency, forecasts the current account deficit to decline to 3.1% of GDP in FY14 vs 4.8% in FY13, following measures to curb gold imports, a weaker exchange rate and softer domestic demand. The euro was slightly lower against the dollar on Thursday after mixed euro zone private sector data indicated that the economic recovery in the region is faltering. The Euro quotes at $1.3430, down 0.07% and the dollar index quotes at 81.20, up 0.14%. Data released on Thursday showed that manufacturing activity in the euro zone expanded in line with forecasts in November, but service sector activity declined unexpectedly. Germany's manufacturing PMI rose to a 29 month high of 52.5 in November, from 51.7 in October, while the services sector PMI rose to a nine-month high of 54.5 from 52.9. November flash manufacturing purchasing manager's index for China clocked in at 50.4, below a forecast of 50.8, and easing from 50.9 for the final in October, according to a release. The ICE dollar index, a measure of the U.S. currency against six others, rose to 81.600 from 81.001 late Wednesday in North America. The euro edged lower to $1.3423, down from late Wednesday’s $1.3440.
GBP/INR has closed @101.4875. If it sustains above 101.65, it can touch the level of 101.83 & 102.10. If it breaks 100.98 it can touch the level of 100.78 & 100.56.
YOUR MINTVISORY
The minutes from October’s Federal Open Market Committee (FOMC) meeting suggested the Fed could taper its bond purchases sooner than some market participants had thought which sent the yields on long-dated Treasury rising to their highest level since September.
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DAILY REPORT 22nd NOVEMBER. 2013
CALL REPORT PERFORMANCE UPDATES
Date
Commodity/ Currency Pairs
Contract
Strategy
Entry Level
Target
Stop Loss
Remark
21/11/13
MCX GOLD
DEC
BUY
30500
30600-30800
30350
NOT EXECUTED
21/11/13
MCX GOLD
DEC.
SELL
29970
29870-29700
30100
SL TRIGGERED
21/11/13
MCX SILVER
DEC
SELL
44700
44300-44000
45200
SL TRIGGERED
21/11/13
NCDEX CASTOR SEED
JAN.
SELL
4255
4225-4280
4295
BOOKED PROFIT
21/11/13
NCDEX CASTOR SEED
JAN.
BUY
4320
4360-4400
4280
NOT EXECUTED
21/11/13
NCDEX DHANIYA
DEC.
BUY
7370
7400-7440
7320
NOT EXECUTED
21/11/13
NCDEX DHANIYA
DEC.
SELL
7280
7250-7210
7330
BOOKED PROFIT
21/11/13
JPY/INR
NOV.
SELL
62.15
61.99-61.78
NOT EXECUTED
21/11/13
JPY/INR
NOV.
BUY
62.82
62.9963.17
NOT EXECUTED
21/11/13
GBP/INR
NOV.
BUY
101.40
101.63-101.83
BOOKED PROFIT
21/11/13
GBP/INR
NOV.
SELL
100.25
100.05-99.89
NOT EXECUTED
20/11/13
MCX CRUDE
DEC
BUY
5900
5940-6000
5840
BOOKED PROFIT
20/11/13
MCX CRUDE
DEC
SELL
5840
5800-5740
5920
NOT EXECUTED
20/11/13
MCX GOLD
DEC
BUY
30500
30600-30700
30400
NOT EXECUTED
20/11/13
MCX GOLD
DEC.
SELL
30150
30050-29950
30250
BOOKED POFIT
CASH/ FUTURE/ OPTION
Strategy
Date
Scrip
Entry Level
Target
Stop Loss
Remark
21/11/13
NIFTY
FUTURE
SELL
6180-6200
6150-6100
6235
NOT EXECUTED
21/11/13
ICICIBANK
FUTURE
SELL
1060-1050
1035-1020
1080
BOOKED PROFIT
21/11/13
COALINDIA
FUTURE
BUY
275
279-282
270
SL TRIGGERED
21/11/13
WYETH LTD.
CASH
BUY
780
805-830
755
BOOKED FULL PROFIT
18/11/13
HDFC BANK
FUTURE
BUY
822
840-860
800
SL TRIGGERED
US ECONOMIC REPORT TIME (ET)
REPORT
PERIOD
ACTUAL
CONSENSUSFORECAST
PREVIOUS
FRIDAY, NOV. 22 10 AM
JOB OPENINGS
SEPT.
3.9 mln
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