DAILY REPORT 26th NOVEMBER. 2013
Global markets at a glance European shares headed towards a five-year high and Germany's DAX set a new record on Monday, with airline stocks and French car makers getting buoyed by the nuclear deal between Iran and world powers. The panEuropean FTSEurofirst 300 was up 0.4 % at 1,302.24 points, while Germany's DAX rose 0.8 % - a record high close. The euro zone's blue-chip Euro STOXX 50 index rose 0.6 % to 3,072.75 points. Asian shares got off to a cautious start. Tokyo's Nikkei share average shed 0.9% after it climbed 1.5%.
World Indices Index
Value
% Change
16,072.54
+0.05
S&P 500
1,802.48
-0.13
NASDAQ EURO STO FTSE 100
3,994.57 3,072.75 6,694.62
+0.07 +0.55 +0.30
Nikkei 225 Hong Kong
15,483.49 23,725.93
-0.87 +0.18
DJl
Top Gainers Wall Street Update The Dow industrials eked out a slim gain on Monday to end at another record high, after the Nasdaq topped 4,000 for the first time in 13 years and then slipped to close below that level. he Nasdaq Composite Index added 2.924 points or 0.07%, to close 3,994.573. Earlier, the Nasdaq touched an intraday high at 4,007.093 - its first moved above 4,000 in 13 years. But the Nasdaq pulled back in late trading. The DJI average rose 7.77 points or 0.05 %, to end at 16,072.54, another nominal record closing high. Earlier, the Dow hit yet another all-time intraday high at 16,109.63. But the S&P 500 dipped 2.28 points or 0.13 %, to finish at 1,802.48. Previous day Roundup India's benchmark index, that is Sensex, was on fire, closing the day with gains of 387.69 points, courtesy US-Iran 'peace deal' on the nuclear issue. The index closed at 20,605.08, up 1.92%. India's NSE index rallied 2 % on Monday as a drop in global crude prices after Iran clinched a nuclear deal with world powers sparked hopes of reduced inflationary pressures and a narrower current account deficit at home. Index stats The Bankex and Bank Nifty both advanced 3.63% & 3.80% respectively. All the sectors advanced; Capital Goods [up 346.48pts], Oil & Gas [up 145.36pts], Realty [up 29.84pts], TECK [up 3.12pts], FMCG [up 133.89 pts], AUTO [up 242.95pts], PSU [up 126.86pts], Consumer Durables [up 39.46pts], Metals [up 95.72pts], Power [up 28.09pts], and Healthcare [up 41.94pts] except that of IT shares which were moved slightly down; IT [down 3.80pts].
Company
CMP
Change
% Chg
144.60
7.45
+5.43
1,073.85
53.30
+5.22
BPCL
347.45
14.60
+4.39
KOTAKBANK
746.70
30.10
+4.20
1,809.90
71.95
+4.14
CMP
Change
% Chg
149.80 3,331.00 118.20 850
1.05 16.60 0.20 0.85
-0.70 -0.50 -0.17 -0.10
Prev. Close
Change
%Chg
ABBOTINDIA
1,519.00
28.60
+1.92
BATAINDIA
1,053.35
2.80
+0.27
DICIND
282.60
47.10
+20.00
INFOTECENT
281.80
2.45
-0.86
PERSISTENT
889.00
17.85
+2.05
Prev. Close
Change
%Chg
111.20 74.00
2.35 1.45
-2.07 -1.92
CMP
Change
% Chg
6,115.35 20,605.08
+119.90 +387.69
+2.00 +1.92
BHEL ICICBANK
SBIN
Top Losers Company
NTPC INFY HINDALCO LUPIN
Stocks at 52 Week’s high Symbol
Stocks at 52 Week’s Low Symbol
EXIDEIND JBFIND
Indian Indices Company NIFTY SENSEX
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DAILY REPORT 26th NOVEMBER. 2013
EQUITY CASH & FUTURE
STOCK RECOMMENDATIONS [FUTURE] 1. INDUSIND BANK
STOCK RECOMMENDATION [CASH] 1. ESS DEE ALUMINIUM
INDUSIND BANK FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it continues to sustain above 425, We advise buying above 425 levels with strict stop loss of 415 for the targets of 435-445 levels.
ESS DEE ALUMINIUM is looking strong on charts. We advise buying above 535 levels with strict stop loss of 525 for the targets of 545-560levels.
2. LT
LT FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it continues to sustain above 1000, We advise buying around 1000-1005 levels with strict stop loss of 990 for the targets of 1015-1025 levels.
YOUR MINTVISORY
MACRO NEWS The US-Iran “Peace Deal” led the Reserve Bank to extend the special forex swap window till December 31. India's coking coal imports could see a double-digit % increase this year as a scarcity of high-quality iron ore after a mining ban is forcing steelmakers to use inferior grades that need more coal to process into steel. RBI to sell Rs 1,000 crore inflation indexed bonds Tomorrow. About USD 25 billion has been received from special concessional swap windows for deposits by nonresident Indians and overseas foreign currency borrowings by banks. An all-party delegation from Maharashtra, along with the representatives of agitating farmers organizations, is scheduled to meet Prime Minister Manmohan Singh Today about various demands of the sugar industry. Despite getting a poor response from the Finance Ministry may push for a 10% divestment in IOC. The Reserve Bank of India will sell 140 billion rupees ($2.23 billion) of bonds on Nov. 29.
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DAILY REPORT FUTURE & OPTION
26th NOVEMBER. 2013
MOST ACTIVE PUT OPTION Symbol
Option Type
Strike Price
LTP
Traded Volume (Contracts)
Open Interest
NIFTY
PE
6,000
7.60
6,43,112
76,82,500
NIFTY
PE
6,100
27.25
6,28,212
47,48,650
NIFTY
PE
5,900
2.20
2,93,448
49,35,950
BANK NIFTY
PE
10,500
10.75
26,239
2,91.900
SBIN
PE
1,750
5.25
13,498
4,33,750
MCDOWELL-N
PE
2,500
26.50
4,612
2,99,250
AXISBANK
PE
1,100
8.40
3,387
2,59,250
INFY
PE
3,300
11.75
3,180
2,16,625
Strike Price
LTP
Traded Volume (Contracts)
Open Interest
STOCKS IN NEWS ITC sets up store locator to give sales a big push. BSNL, PowerGrid & RailTel to get Rs 2,700 crore for optic fibre rollout Vodafone India chief sees no hurdle for parent company to bid for 100% local stake. Bombay High Court admits Etisalat plea for winding up of JV with DB group. GVK Hancock, Aurizon to jointly develop rail line, coal terminal at Abbot Point. TCS likely to open largest delivery centre in Hyderabad next fiscal. NIFTY FUTURE
MOST ACTIVE CALL OPTION Symbol
Option Type
NIFTY
CE
6,100
58.00
7,94,863
45,55,000
NIFTY
CE
6,200
14.80
5,45,824
60,70,650
NIFTY
CE
6,000
136.00
2,71,773
16,27,300
BANKNIFTY
CE
11,000
200.50
50,725
2,60,875
SBIN
CE
1,800
30.00
17,294
5,22,625
RELIANCE
CE
860
5.60
4,272
7,16,250
MCDOWELL-N
CE
2,600
78.05
7,842
3,82,625
ICICIBANK
CE
1,060
23.00
4,031
6,54,750
INFY
CE
3,400
7.35
3,417
2,54,250
Nifty Future closed in the green in the last trading session. We advise buying around 6060-6080 with strict stop loss of 6020 for the targets of 6125-6150 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
140889
4245.20
123324
3710.65
526139
16038.68
534.55
INDEX OPTIONS
659090
19856.54
632554
18976.41
1848389
56344.89
880.13
STOCK FUTURES
364061
9860.20
367019
9950.25
1179954
32135.36
-90.05
STOCK OPTIONS
50086
1393.88
51336
1417.59
79961
2198.50
-23.72
TOTAL
1300.90
INDICES NIFTY
S2
S1
PIVOT
R1
R2
6004.05
6059.7
6091.6
6147.25
6179.15
NIFTYJUNIOR
12006.05
12090.8
12139.0
12223.75
12271.95
BANK NIFTY
10669.96
10876.68
10987.31
11194.03
11304.66
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DAILY REPORT 26th NOVEMBER. 2013
COMMODITY MCX
RECOMMENDATIONS SILVER
COMMODITY ROUNDUP Oil prices hit the skids on Monday after Iran and six world powers sealed a deal curbing its nuclear program, a fillip for global economic growth. Brent crude oil prices fell 2 %. U.S. crude prices added 0.4 % to rise above $94.40 a barrel, recouping some of the previous session's 0.8 % decline following a weekend deal between the West and Tehran to halt Iran's most sensitive nuclear activities in exchange for some relief from crippling sanctions. Brent futures held near $111 a barrel on Tuesday as supply concerns crept back, with investors judging the historic deal between Iran and world powers would not result in an immediate increase in shipments from the OPEC member. U.S. Treasury debt prices inched higher on Monday after housing data proved weaker than expected, with a light economic slate for coming sessions because of the holidayshortened week.
TRADING STRATEGY: BUY SILVER ABOVE 45500 TGTS 45700/46000 SL 45150 SELL SILVER BELOW 44800 TGTS 44600/44300 SL 45150 GOLD
US Copper futures rose to $3.26 per pound while LME Copper rose to $7099 per ton. China copper market remains buoyant due to a combination of scrap shortage and stock building. Weakness in crude oil prices pushed up copper prices from lows and the fact that the commodity is in extremely oversold position helped spur some buying activity this week. Drop in crude oil prices could spur growth and hence seen positive for metals demand. India gold futures edged down on Monday tracking bearish international cues, positive Asian equities, and firm Dollar. Continuing outflows from exchange-traded funds and concerns that US central bank may start withdrawing its monetary stimulus soon were seen putting pressure on the yellow metal prices in the global futures markets.
TRADING STRATEGY: BUY GOLD ABOVE 30500 TGTS 30600/30750 SL 30350 SELL GOLD BELOW 30150 TGTS 30050/29950 SL 30330
YOUR MINTVISORY
MCX gold for December delivery was seen trading with a loss of 0.43% at Rs.29712 per 10 grams as of 15.27 IST on Monday. Appreciation of Indian Rupee (INR) was seen pressuring the commodity movement to certain extent in the domestic market. Meanwhile, Comex gold futures on Monday declined below $1230 per troy ounce on concerns that US Central Bank may start withdrawing its monetary stimulus later this year on improving economic conditions in the United States.
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DAILY REPORT 26th NOVEMBER. 2013
NCDEX
RECOMMENDATIONS CASTORSEED
NCDEX INDICES Index
Value
% Change
Barley
1376
-0.69
Castor Seed
4308
-0.99
Chana
3098
-0.26
Chilli
7358
+0.68
Coriander
7374
+2.82
Cotton Seed Oilcake
1414
+0.28
12630
-1.48
3791
-1.33
726.45
-0.83
5240
+0.27
Jeera Mustard seed Ref Soya Oil Turmeric NCDEX ROUNDUP SELL CASTORSEED JAN BELOW 4280 TG 4250,4210 SL 4320 BUY CASTORSEED JAN ABOVE 4390 TG 4420,4460 SL 4350
UP millers, govt meet today to end cane pricing impasse.
Fruit and vegetable farmers will have a platform to sell their produce at prices higher than current ones. And, for quality produce, they may even get a premium. This will be made possible by a joint initiative of the Small Agribusiness Farmers’ Consortium (SFAC) and the NCDEX Spot Exchange.
Soybean prices slumped by Rs 128 to Rs 3,862 per quintal in future trading yesterday as investors booked profits after recent upsurge. Traders booked profits on weak overseas markets cues which pulled down soybean prices in futures trade. At the National Commodity and Derivative Exchange, soybean for March contract dropped by Rs 128, or 3.21%, to Rs 3,862 per quintal with an open interest of 9,650 lots. Most active near January contract slipped by Rs 105.50, or 2.68%, to Rs 3,829.50 per quintal having an open interest of 1,18,200 lots. January contract also slid by Rs 86.50, or 2.20% to Rs 3,839 per quintal, clocking an open interest of 1,12,930 lots.
DHANIYA
SELL DHANIYA DEC BELOW 7290 TG 7260,7220 SL 7330 BUY DHANIYA DEC BELOW 7365 TG 7395,7435 SL 7325
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DAILY REPORT 26th NOVEMBER. 2013
CURRENCY
RBI Reference Rate Currency
Rate Currency
Rupee- $
62.5770 Yen-100
Euro
84.7000 GBP
JPY/INR
Rate
61.4300 101.4248
CURRENCY ROUNDUP The yen came off a six-month low against the dollar and a four-year trough versus the euro. The euro recoiled from a four-year high against the yen on Tuesday and retreated on the dollar as dovish comments from European Central bank officials deflated the high-flying currency. The dollar advanced against most major currencies on Monday after Iran agreed to halt its nuclear ambitions in a multilateral accord, which sparked relief buying for the U.S. currency as well as risk-on asset classes elsewhere. In U.S. trading on Monday, EUR/USD was down 0.28% at 1.3518.
SELL JPY/INR BELOW 61.30 TGTS 61.15, 61.00 SL 61.95. BUY JPY/INR ABOVE 62.30 TGTS 62.48, 62.69 SL 61.65. USD/INR
SELL USD/INR BELOW 62.28 TGTS 62.16, 61.96 SL 62.95. BUY USD/INR ABOVE 63.20 TGTS 63.37, 63.58 SL 62.60.
YOUR MINTVISORY
The partially convertible rupee closed at 62.50/51 per dollar compared to 62.87/88 on Friday. The unit moved in a 62.44 to 62.70 range during the session. The Indian rupee rose for a second consecutive session on Monday, boosted by dollar selling by corporate and custodian banks, although monthend dollar demand from oil firms could limit a sharp rally in coming days. Gains in the rupee tracked a rally in Indian shares as a drop in global crude prices after Iran clinched a nuclear deal with world powers sparked hopes of reduced inflationary pressures and a narrower CAD at home. The rally in shares comes as a bit of a reprieve for currency markets as well after worries foreign institutional investors were curbing their buying of stocks. FIIs were sellers of Indian stock futures for a fourth consecutive day on Friday, totaling 10.2 billion rupees ($163 million), as per regulatory and exchange data, while they sold cash shares on Thursday, snapping a 32-day buying streak. They were buyers of $2.65 million on Friday. J.P.Morgan estimated that state-run oil companies were sourcing 60 percent of their dollar demand since Oct. 18 in markets, and not from a special window provided by the central bank. In the offshore nondeliverable forwards, the one-month contract was at 62.93 while the three-month was at 64.02.
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DAILY REPORT 26th NOVEMBER. 2013
CALL REPORT PERFORMANCE UPDATES
Date
Commodity/ Currency
Contract
Strategy
Entry Level
Target
Stop Loss
Remark
25/11/13
MCX GOLD
DEC.
SELL
29700
29600-29500
29800
BOOKED PROFIT
25/11/13
MCX SILVER
DEC
BUY
45100
45300-45500
44800
NOT EXECUTED
25/11/13
MCX SILVER
DEC
SELL
44200
44000-43700
44500
BOOKED PROFIT
25/11/13
NCDEX CASTOR SEED
JAN.
SELL
4330
4205-4265
4375
BOOKED PROFIT
25/11/13
NCDEX CASTOR SEED
JAN.
BUY
4380
4405-4445
4330
NOT EXECUTED
25/11/13
NCDEX DHANIYA
DEC.
BUY
7170
7200-7240
BOOKED FULLPROFIT
25/11/13
NCDEX DHANIYA
DEC.
SELL
7110
7180-7130
7120 7160
25/11/13
EUR/INR
NOV.
SELL
84.70
84.55-84.28
85.20
BOOKED FULL PROFIT
25/11/13
EUR/INR
NOV.
BUY
85.21
85.35-85.50
84.78
NOT EXECUTED
25/11/13
GBP/INR
NOV.
SELL
101.58
101.28-101.04
102.10
BOOOKED FULL PROFIT
25/11/13
GBP/INR
NOV.
BUY
102.15
102.30-102.45
101.62
NOT EXECUTED
Date
Scrip
CASH/ FUTURE/ OP- Strategy TION
Entry Level
Target
NOT EXCUTED
Stop Loss
Remark
25/11/13
NIFTY
FUTURE
SELL
6050-6060
25/11/13
HDIL
FUTURE
SELL
45-46
43-42
48
SL TRIGGERED
25/11/13
MCDOWELL
FUTURE
BUY
2550
2590-2625
2500
BOOOKED FULL PROFIT
25/11/13
CMAHENDRA
CASH
BUY
232
242-252
222
NOT EXECUTED
6000-5950
6080
SL TRIGGERED
US ECONOMIC REPORT TIME (ET)
REPORT
PERIOD
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
TUESDAY, NOV. 26 925,000 930,000 --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%
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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