DAILY REPORT 25th NOVEMBER. 2013
Global markets at a glance European shares advanced on Friday as overnight rallies in the United States and Japan signaled growing investor appetite for risk. The DJI average rose 54.78 pts, or 0.34% to end at a record 16,064.77. The Standard & Poor's 500 Index gained 8.91 pts, or 0.50%, to finish at 1,804.76. The Nasdaq Composite Index climbed 22.50 pts, or 0.57%, to close at 3,991.65. Japan's Nikkei eked out minuscule gains on Friday, easing off from an earlier charge to a six-month peak as domestic investors took profits. Wall Street Update US stocks rose on Friday, with the S&P 500 closing above 1,800 for the first time and healthcare names leading the way higher. The Dow industrials ended at another record high above 16,000. Both the Dow and the S&P 500 recorded their seventh straight week of gains in what has been a very strong year for stocks. The seven-week advance comes just ahead of December, which since 1950 has been the best month for both the Dow and the S&P. Previous day Roundup After a big struggle in the late trade, the market closed on a flat note. The Sensex ended down 11.66 points at 20217.39, giving up earlier gains to mark their third consecutive week of losses, as concerns grow after data showed foreign investors have started cutting positions. FIIs sold shares worth 598 million rupees on Thursday to snap a 32-day buying streak totaling 238.84 billion rupee. The Nifty ended below 6000, at 5995.45 down 3.60 points. About 1158 shares have advanced, 1254 shares declined, and 164 shares are unchanged. Index stats The Bankex and Bank Nifty both declined 0.16% and 0.28% respectively. The sectors advanced were Capital Goods [up 107.97pts], Oil & Gas [up 58.08pts], PSU [up 19.87pts], Consumer Durables [up 36.42pts], Power [up 0.08pts], and Healthcare [up 13.24pts] and the sectors declined were; Metals [down 33.17pts], Realty [down 9.32pts], TECK [down 1.66pts], FMCG [down 38.55 pts], IT [down pts], AUTO [down 144.97pts].
YOUR MINTVISORY
World Indices Index
Value
% Change
16,064.77
+0.34
S&P 500
1,804.76
+0.50
NASDAQ EURO STO FTSE 100
3,991.65 3,055.98 6,674.30
+0.57 +0.38 -0.11
Nikkei 225 Hong Kong
15,583.17 23,744.04
+1.31 +0.20
DJl
Top Gainers Company
CMP
Change
% Chg
ONGC
279.25
8.80
+3.25
CAIRN
327.50
10.25
+3.23
TATASTEEL
393.50
10.90
+2.85
GAIL
328.80
7.25
+2.25
LT
969.10
21.00
+2.21
CMP
Change
% Chg
174.30 374.10 1,888.90 101.65 1,736.45
5.00 9.05 43.95 1.55 24.50
-2.79 -2.36 -2.27 -1.50 -1.39
Prev. Close
Change
%Chg
ATULAUTO
309.55
16.15
+5.50
BATAINDIA
1,052.00
39.05
+3.86
EVEREDDY
28.50
1.15
+4.20
FIEMIND
271.10
45.15
19.98
JBCHEMPHARM
114.75
4.55
4.13
Prev. Close
Change
%Chg
113.50 62.75
2.75 5.10
-2.37 -7.52
CMP
Change
% Chg
5,995.45 20,217.39
-3.60 -11.66
-0.06 -0.06
Top Losers Company
SSLT TATAMOTORS BAJAJ-AUTO IDFC SBIN
Stocks at 52 Week’s high Symbol
Stocks at 52 Week’s Low Symbol
EXIDEIND FLFL
Indian Indices Company NIFTY SENSEX
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DAILY REPORT 25th NOVEMBER. 2013
EQUITY CASH & FUTURE
STOCK RECOMMENDATIONS [FUTURE] 1. HDIL
STOCK RECOMMENDATION [CASH] 1. CMAHENDRA
HDIL FUTURE is looking weak on charts, short build up has been seen, we may see more downside, if it continues to sustain below 44. We advise selling around 45-46 levels with strict stop loss of 48 for the targets of 43-42 levels.
CMAHENDRA is looking strong on charts. We advice buying above 232 levels with strict stop loss of 222 for the targets of 242-252 levels.
2. MC DOWELL
MACRO NEWS The overall GDP growth in India is expected to have grown. Moody's says the long-term credit outlook looks stable for Asian countries including those with high current account deficit like India. RBI to shut down dollar swap window on Nov. 30. FIIs sold shares worth of Rs 598 million ($9.5 million) on Thursday to snap a 32-day buying streak that had totaled Rs 238.84 billion. The Reserve Bank it will sell inflation-indexed bonds worth Rs 1,000 crore through price-based auction on November 26. NHPC will commence the buyback of shares worth up to Rs 2,368 crore from November 29. Union Bank of India today raised Rs 2,000 crore through issuing bonds that are compliant with the global banking norms. After suffering a string of losses, the networth of Haldia Petrochemicals (HPL) has eroded by 50 percent.
MC DOWELL FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it continues to sustain above 2550, We advise buying above 2550 levels with strict stop loss of 2500 for the targets of 2590-2625 levels.
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DAILY REPORT FUTURE & OPTION
25th NOVEMBER. 2013
MOST ACTIVE PUT OPTION Symbol
Option Type
Strike Price
LTP
Traded Volume (Contracts)
Open Interest
NIFTY
PE
6,000
40.65
7,29,258
66,35,500
NIFTY
PE
5,900
13.50
4,54,407
51,50,600
NIFTY
PE
6,100
97.25
2,62,740
25,18,600
BANK NIFTY
PE
10,500
60.65
30,464
2,66,100
SBIN
PE
1,750
30.70
9,912
2,70,000
MCDOWELL-N
PE
2,400
20.15
3,678
1,64,000
RELIANCE
PE
840
6.00
2,353
4,26,000
AXISBANK
PE
1,050
7.00
1,984
1,94,000
Strike Price
LTP
Traded Volume (Contracts)
Open Interest
STOCKS IN NEWS Tata Motors launched CNG versions of mid sized sedan Tata Indigo and compact car Tata Indica. Union Bank raises Rs 2,000 cr to shore up capital Dabur India's board approves raising FII investment limit up to 30% SpiceJet to operate non-stop flight between Madurai and Dubai. NIFTY FUTURE
MOST ACTIVE CALL OPTION Symbol
Option Type
NIFTY
CE
6,100
21.85
7,41,751
63,08,900
NIFTY
CE
6,000
62.50
4,17,253
43,28,750
NIFTY
CE
6,200
5.90
4,07,951
68,35,400
BANKNIFTY
CE
11,000
53.60
37,316
2,94,700
SBIN
CE
1,800
9.75
12,548
7,03,125
RELIANCE
CE
860
5.25
4,589
6,28,500
MCDOWELL-N
CE
2,500
99.00
8,586
3,57,250
AXISBANK
CE
1,100
16.25
3,846
4,30,250
TATASTEEL
CE
390
8.70
2,881
9,05,000
Nifty Future closed in the red in the last trading session. We advise selling around 6050-6060 with strict stop loss of 6080 for the targets of 6000-5950.
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
83047
2492.95
81848
2437.29
516584
15388.79
55.67
INDEX OPTIONS
717020
21425.51
700501
20948.83
1883003
56218.55
476.68
STOCK FUTURES
106711
2898.45
109825
2999.71
1118752
29761.24
-101.25
STOCK OPTIONS
50814
1362.33
50626
1366.48
79033
2137.99
-4.16
TOTAL
426.94
INDICES NIFTY
S2
S1
PIVOT
R1
R2
5929.15
5962.3
6005.95
6039.1
6082.75
NIFTYJUNIOR
11853.46
11922.93
12005.11
12074.58
12156.76
BANK NIFTY
10519.85
10598.6
10709.3
10788.05
10898.75
YOUR MINTVISORY
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DAILY REPORT 25th NOVEMBER. 2013
COMMODITY MCX
RECOMMENDATIONS SILVER
TRADING STRATEGY: BUY SILVER ABOVE 45100 TGTS 45300/45500 SL 44800 SELL SILVER BELOW 44200 TGTS 44000/43700 SL 44500 GOLD
COMMODITY ROUNDUP Gold premiums in India steadied on Friday on scarcity of stocks or domestic consumption despite muted demand, amid steady prices in the domestic market. Oil slipped below USD 110 a barrel but was on track to end higher for the second week running, with investors awaiting the outcome of talks on Iran's nuclear program. Benchmark Brent crude oil saw its biggest jump in almost three weeks on Thursday, fuelled by a surge in U.S. gasoline futures, signs of continued economic strength in the United States and indications that a deal to curb Tehran's nuclear program could be a long time coming. Gold and silver were both on track for a near 4-percent weekly drop. Base metals softened up to 8.3 per cent in the past month, due to weak manufacturing data from China, coupled with renewed concerns on tapering of the third round of quantitative easing (QE3) by the United States Federal Reserve. The HSBC Flash China Purchasing Managers’ Index fell to 50.4 in November from a seven-month high of 50.9 in October, marginally above the contraction line of 50. This poses an uncertainty over Chinese purchasing of base metals. Copper recovered in the week on the back of rising spot premiums in China due to shortage of the imported metal from Philippines. LME Copper prices settled at $ 7064 per tonne, up $ 90 per tonne. COMEX Copper recovered by 1.35% to $ 3.171 per pound. The indications of Federal Reserve members to stay with stimulus plan also saved the value of Copper. During the week, Money managers decided to slash the long positions of Copper and simultaneously build short positions. U.S. oil ended the session off 60 cents to settle at $94.84 a barrel. India crude oil edged down slightly trimming gains recorded in the earlier session on Friday amid weak global cues while copper swung between gains and losses and was seen trading volatile.
TRADING STRATEGY: SELL GOLD MCX BELOW 29700 TGTS 29600/29500 SL 29800 SELL GOLD AROUND 29980 TGTS 29900/29780 SL 30100
YOUR MINTVISORY
Aluminium stocks at London Metal Exchange (LME) rose by 67100 tons to 5419295 tons while Nickel stocks were gained by 588 tons to 249138 tons on Friday. Copper, Lead and Zinc stocks recorded a decline by 3025, 300 and 4575 tons respectively. Goldman Sachs Group Inc. expects Gold, iron ore, soybeans and copper to drop at least 15% in 2014.
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DAILY REPORT 25th NOVEMBER. 2013
NCDEX
RECOMMENDATIONS CASTORSEED
NCDEX INDICES Index
Value
% Change
Barley
1382.5
-0.32
Castor Seed
4267
+0.87
Chana
3093
-0.29
Chilli
7480
+0.27
Coriander
7128
-1.83
Cotton Seed Oilcake
1411
-1.40
12875
+1.30
3838
+0.50
731.75
+0.47
5290
+3.97
Jeera Mustard seed Ref Soya Oil Turmeric
BUY CASTORSEED ABOVE 4380 TGT 4405/4445 SL 4330 SELL CASTORSEED BELOW 4330 TGT 4205/4265 SL 4375 DHANIYA
NCDEX ROUNDUP The assurance given by the political parties to pay higher price to the farmers for the paddy had reportedly affected the inflow of the yield in the societies. The paddy procurement in the state started on October 21. As of now, 2,91,000 Metric Tonnes of paddy had been procured in the state. The paddy procurement would continue till February 15. In the last marketing season, the state government had procured 7.1 MT of paddy. Earlier in the month, the United Nations, which last month kicked off a round of downgrades to estimates for Argentina's wheat crop, 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.
BUY DHANIYA ABOVE 7170 TGT 7200 / 7240 SL 7120 SELL DHANIYA BELOW 7110 TGT 7180 / 7130 SL 7160
YOUR MINTVISORY
India total area sown for Rabi crop, during the week ending 22 Nov 2013 stands at 314.24lakh hectares, higher when compared to the 294.31 lh recorded during the same period last year. over 156 lakh tons of rice has been procured by the Indian Government agencies during kharif marketing season, 2013-14. Total 156,99,858 tons of rice has been procured till November 20, 2013 during ongoing season.
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DAILY REPORT 25th NOVEMBER. 2013
CURRENCY
RBI Reference Rate Currency
Rate Currency
Rupee- $
63.0236 Yen-100
Euro
84.9199 GBP
EUR/INR
BUY EUR/INR ABOVE 85.21 TGTS 85.35, 85.50 SL 84.78. SELL EUR/INR BELOW 84.70 TGTS 84.55, 84.28 SL 85.20. GBP/INR
Rate
62.3700 102.0415
CURRENCY ROUNDUP The rupee rose slightly on Friday, ending a two-day losing streak after suspected intervention by the central bank, although broader sentiment remains weak due to renewed fears the Federal Reserve will soon start scaling back its stimulus. Trading in the rupee had been volatile, starting the week with strong gains on hopes that the Fed would delay any tapering, only to falter as the week progressed as doubts about the U.S. central bank's stance then crept in. Overall the rupee managed to post a weekly gain against the dollar and snap a five-week losing streak, although without much conviction. In particular, traders are concerned foreign investors are losing interest in India, setting up the prospect of more falls in the rupee at a time when state-run oil companies are back to sourcing dollars in markets and not through a special swap window that had been created by the central bank. Foreign institutional investors (FIIs) sold shares worth 598 million rupees ($9.5 million) on Thursday, snapping a 32 -day buying streak that totaled 238.84 billion rupees, exchange and regulatory data show. The dollar rose and U.S. surged to record highs on Friday as lingering worries that the Federal Reserve will soon start to scale back its bond-buying program. The dollar hit a fourand-a-half-month high of 101.35 yen on expectations Bank of Japan monetary policy would remain loose and a rise in Japanese stocks to six-month highs on Friday. It was last up 0.2 per cent at 101.28 yen.
BUY GBP/INR ABOVE 102.15 TGTS 102.30,102.45 SL 101.62. SELL GBP/INR BELOW 101.58 TGTS 101.28,101.04 SL 102.10.
YOUR MINTVISORY
The euro rose to a four-year peak against the yen and gained for a second straight day against the dollar on Friday as unexpectedly robust German business sentiment data raised the appeal of the euro zone common currency. The euro was last up 0.7 percent at 137.28 yen, having risen as high as 137.32, its highest since October 2009. Against the dollar, it gained 0.5 percent to $1.3548.
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DAILY REPORT 25th NOVEMBER. 2013
CALL REPORT PERFORMANCE UPDATES
Date
Contract
Strategy
Entry Level
Target
Stop Loss
Remark
22/11/13 22/11/13 22/11/13 22/11/13 22/11/13
MCX GOLD MCX GOLD MCX SILVER MCX SILVER NCDEX CASTOR SEED
DEC DEC. DEC DEC JAN.
SELL BUY SELL BUY SELL
30500 30150 45500 44800 4215
30600-30750 30050-29950 45700-46000 44600-44300 4285-4235
30350 30330 45150 45150 4255
BOOKED FULL PROFIT NOT EXECUTED BOOKED PROFIT NOT EXECUTED
22/11/13
NCDEX CASTOR SEED
JAN.
BUY
4255
4285-4325
4205
BOOKED PROFIT
22/11/13
NCDEX DHANIYA
DEC
BUY
7315
7345-7385
NOT EXECUTED
22/11/13
NCDEX DHANIYA
DEC.
SELL
7230
7200-7160
7275 7280
22/11/13
USD/INR
NOV.
SELL
62.55
62.29-62.07
NOT EXECUTED
22/11/13
USD/INR
NOV.
BUY
63.18
63.30-63.47
NOT EXECUTED
22/11/13
GBP/INR
DEC
BUY
101.65
101.83-102.10
NOT EXECUTED
22/11/13
GBP/INR
DEC.
SELL
100.98
100.78-100.56
NOT EXECUTED
Date
Commodity/ Currency
Scrip
CASH/ FUTURE/ OPTION
Strategy
Entry Level
Target
SL TRIGGEERD
BOOOKED FULL PROFIT
Stop Loss
Remark
22/11/13
NIFTY
FUTURE
SELL
6050-6060
6000-5950
6100
BOOKED PROFIT
22/11/13
LICHFGFIN
FUTURE
SELL
208
205-203
211
NOT EXECUTED
22/11/13
BOI
FUTURE
SELL
210
204-200
216
CALL OPEN
22/11/13
ZUARI LTD.
CASH
BUY
124
127-130
212
BOOKED FULL PROFIT
US ECONOMIC REPORT TIME (ET)
REPORT
PERIOD
10 AM
PENDING HOME SALES
OCT.
8:30 AM 8:30 AM 9 AM 9 AM 10 AM
HOUSING STARTS BUILDING PERMITS CASE-SHILLER HOME PRICE INDEX FHFA HOME PRICE INDEX CONSUMER CONFIDENCE
OCT. OCT. SEPT. SEPT. NOV.
8:30 AM 8:30 AM 9:45 AM 10 AM 10 AM
WEEKLY JOBLESS CLAIMS DURABLE GOODS ORDERS CHICAGO PMI UMICH CONSUMER SENTIMENT INDEX LEADING ECONOMIC INDICATORS
ACTUAL
CONSENSUSFORECAST
PREVIOUS
MONDAY, NOV. 25 --
-5.6%
925,000 930,000 --72.0
891,000 926,000 12.8% YOY 8.5% yoy 71.2
N/A -1.8% 63.0 73.0 --
N/A 3.8% 65.9 72.0 0.7%
TUESDAY, NOV. 26
WEDNESDAY, NOV. 27 11/23 OCT. NOV. NOV. OCT.
THURSDAY, NOV. 28 THANKSGIVING DAY NONE SCHEDULED
FRIDAY, NOV. 29 NONE SCHEDULED
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