DAILY REPORT 27th NOVEMBER. 2013
Global markets at a glance European shares lacked the momentum to extend a rally to multi-year highs on Tuesday, a mixed outlook for corporate earnings underlined by downbeat signals. On Tuesday, the food and beverage sector fared the worst, down 0.7 percent. The FTSEurofirst 300 index of top European shares lost 0.6 percent to 1,294.03 points, in volumes that were nearly 15 percent larger than the index's daily average volumes of the past 90 days. The euro zone's blue-chip Euro STOXX 50 index fell 0.3 percent, to 3,062.62 points. Asian share markets nudged into the red on Wednesday following an uninspiring performance by Wall Street, while a dip in the dollar against the yen prompted profit-taking on Japanese stocks. Wall Street Update The Nasdaq composite index closed above 4,000 on Tuesday for the first time since 2000, while the Dow and S&P ended barely changed. The Dow Jones industrial average ended up 0.26 point to 16072.80. The Standard & Poor's 500 Index gained 0.27 point, or 0.01 percent, to 1,802.75. The Nasdaq Composite Index rose 23.18 points, or 0.58 percent, to 4,017.75. The S&P 500 has risen nearly 27 percent this year, primarily bolstered by expectations the Federal Reserve's stimulus will continue at least until the end of the year. Previous day Roundup The Nifty broke out of intraday range on the lower side in the last half an hour of trade and closed near 6,050 level as institutional investors booked profit in banks, oil & gas and FMCG space. The rally fuelled by Iran nuke deal came to a grinding halt. The Sensex ends down 180.06 points at 20425.02, and the Nifty ends at 6059.10, down 56.25 points. Bank, oil and realty stocks lead the decline. About 1047 shares advanced, 1449 shares declined, and 137 shares were unchanged.
World Indices Index
Value
% Change
16,072.80
0.00
S&P 500
1,802.75
+0.01
NASDAQ EURO STO FTSE 100
4,017.75 3,062.62 6,636.22
+0.58 -0.33 -0.87
Nikkei 225 Hong Kong
15,463.00 23,666.66
-0.34 -0.06
DJl
Top Gainers Company
CMP
Change
% Chg
LUPIN
867.00
16.40
+1.93
BHEL
147.00
2.70
+1.87
SSLT
177.00
2.45
+1.40
HINDUNILVR
587.95
6.95
+1.20
2,050.00
23.65
+1.17
CMP
Change
% Chg
324.00 608.50 126.40 1,045.40 322.80
23.40 24.55 4.55 29.20 8.30
-6.74 -3.88 -3.47 -2.72 -2.51
Prev. Close
Change
%Chg
APTECHT
73.40
1.05
-1.41
ARVINREM
55.25
0.80
-1.43
339.10
56.50
+19.99
4,340.00
137.35
+3.27
41.00
1.50
-3.53
Prev. Close
Change
%Chg
306.00 25.00
1.75 2.60
-0.57 -9.42
CMP
Change
% Chg
6,059.10 20,425.02
-56.25 -180.06
-0.92 -0.87
HEROMOTOCO
Top Losers Company
BPCL BAKBARODA NMDC ICICBANK CAIRN
Stocks at 52 Week’s high Symbol
DICIND EICHERMOT ICIL
Index stats The Bankex and Bank Nifty both declined 1.52% & 1.57% respectively. All the sectors declined Oil & Gas [down 105.09pts], Realty [down 12.29pts], TECK [down 25.11pts], IT [down 24.26pts], FMCG [down pts], Metals [down 66.92pts, PSU [down 77.81pts], Consumer Durables [down 50.39pts], and Healthcare [down 73.51pts], except Capital Goods [up pts], AUTO [up 59.77pts], ]Power [up 5.81pts] which were moved slightly up.
Stocks at 52 Week’s Low Symbol
BALMLAWRIE EDELWIESS
Indian Indices Company NIFTY SENSEX
YOUR MINTVISORY
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DAILY REPORT 27th NOVEMBER. 2013
EQUITY CASH & FUTURE
STOCK RECOMMENDATIONS [FUTURE] 1. YESBANK
YES BANK FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it continues to sustain above 362, We advise buying above 362 levels with strict stop loss of 355 for the targets of 369-375 levels. 2. TATA MOTORS
TATA MOTOR FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it continues to sustain above 390, We advise buying around 388-390 levels with strict stop loss of 384 for the targets of 395-399 levels.
YOUR MINTVISORY
STOCK RECOMMENDATION [CASH] 1.TORRENT POWER
TORRENT POWER is looking strong on charts. We advice buying above 123 levels with strict stop loss of 120 for the targets of 126-129 levels. MACRO NEWS Petroleum Minister is confident of resolving the issue of securing $135 million in bank guarantees from Reliance Industries within a fortnight to enable the company to charge higher gas price from April 1. Aditya Birla Group aims to hike stake in group companies. The company may spend Rs 6,000 crore for stake hike. It is looking to hike stake in Hindalco and Grasim to 40-45 percent. Infosys will focus on reducing costs by trimming the number of senior employees and subcontractors Indian GDP data release on Friday. The govt may trim planned expenditure by over Rs 80,000 crore or about 15 percent of the budgeted amount in the current fiscal. India's stock market regulator issued draft rules yesterday to allow listed companies to make frequent debt issuances after filing for a shelf prospectus. Factor to watch today- India weekly t-bill sale. RBI received no bids at its one-day reverse repo auction through which it absorbs excess liquidity from the banking system. It had accepted all 62 bids for 404.55 billion rupees at its one-day repo auction through which it injects liquidity into the banking system.
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DAILY REPORT FUTURE & OPTION
27th NOVEMBER. 2013
MOST ACTIVE PUT OPTION Symbol
Option Type
Strike Price
LTP
Traded Volume (Contracts)
Open Interest
NIFTY
PE
6,100
54.95
7,47,707
39,04,650
NIFTY
PE
6,000
14.30
5,57,,068
69,91,350
NIFTY
PE
5,900
3.20
1,95,815
44,63,300
BANK NIFTY
PE
11,000 136.00
43,147
1,70,200
SBIN
PE
1,800
25.30
12,645
2,54,125
MCDOWELL-N
PE
2,500
14.35
8,240
3,24,375
INFY
PE
3,300
15.00
3,182
1,86,750
AXISBANK
PE
1,100
7.00
2,561
2,67,000
LTP
Traded Volume (Contracts)
Open Interest
STOCKS IN NEWS Bharti Airtel is looking to raise up to $1 billion by selling bonds mainly to European investors. Cairn, which is sitting on a cash pile of about USD 3 billion is buying 17.09 crore shares or 8.9 percent of the total shareholding, from open market at no more than Rs 335 a piece. Coal India Limited has identified 126 new projects to take up during the 12th Plan period with an estimated capacity of 438.04 mn tons. NIFTY FUTURE
MOST ACTIVE CALL OPTION Symbol
Option Type
Strike Price
NIFTY
CE
6,400
NIFTY
CE
6,100
21.50
7,48,725
5,34,550
NIFTY
CE
6,200
3.30
4,99,680
70,68,100
NIFTY
CE
6,300
0.60
1,97,977
53,02,900
BANKNIFTY
CE
11,200
26.15
35,624
1,71,000
SBIN
CE
1,800
14.80
14,993
6,67,250
MCDOWELL-N
CE
2,600
42.00
12,119
4,25,125
BHEL
CE
150
1.40
4,894
24,68,000
RELIANCE
CE
860
2.00
6,154
9,34,500
Nifty Future closed in the red in the last trading session. We advise selling around 6110-6130 with strict
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
141352
4244.24
141881
4260.24
530316
15947.88
-16.00
INDEX OPTIONS
576792
17316.30
586868
17632.72
1846437
55760.13
-316.42
STOCK FUTURES
433057
11584.95
445854
12074.55
1205345
32680.23
-489.60
STOCK OPTIONS
53708
1522.55
52245
1480.70
79432
2159.06
41.85
TOTAL
-780.17
INDICES NIFTY
S2
S1
PIVOT
R1
R2
6008.23
6033.66
6073.18
6098.61
6138.13
NIFTYJUNIOR
12029.68
12081.66
12155.23
12207.21
12280.78
BANK NIFTY
10738.58
10823.96
10978.68
11064.06
11218.78
YOUR MINTVISORY
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DAILY REPORT 27th NOVEMBER. 2013
COMMODITY MCX
RECOMMENDATIONS SILVER
TRADING STRATEGY: BUY SILVER ABOVE 45500 TGTS 45700/46000 SL 45150 SELL SILVER BELOW 44300 TGTS 44100/43900 SL 45650 GOLD
COMMODITY ROUNDUP Snapping its two-day fall, gold prices yesterday soared by Rs 575 to Rs 31,625 per ten gram on fresh buying by stockists at current lower levels for the ongoing marriage season amid a firming global trend. Gold in Singapore, which normally sets price trend on the domestic front, rose by 0.6 per cent to $1,258.30 an ounce. Silver prices also shot up by Rs 790 to Rs 45,790 per kg on increased off take by jeweler fabricators and industrial units. Oil rose ahead of a US supply report that might show an improvement in demand. Benchmark US crude for January delivery was up and trading around USD 94.5 a barrel. The contract had fallen on Monday after a deal between Iran and six world powers on the country's nuclear program raised hopes that sanctions stifling Iran's oil exports would soon be lifted. 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. The deal halts Iran's most sensitive nuclear activity and suspends some sanctions by the West, but caps exports from the country at the current level of about 1 million barrels per day (bpd). That means a fragile supplydemand balance as markets also cope with oil export losses from Libya. India crude oil futures rebounded form earlier losses on short covering and tracking a slight up-tick on NYMEX crude oil futures. However, appreciation of Indian Rupee against US Dollar may have limited further gains in the commodity futures to certain extent. Crude oil futures for December delivery on India's Multi Commodity Exchange (MCX) was seen trading with a gain of 0.49% at Rs.5923 per barrel as of 16.42 IST on Tuesday. NYMEX crude oil for January delivery was seen trading with a gain of 23 cents at $94.32 per barrel as of 17.04 IST on Tuesday.
TRADING STRATEGY: BUY GOLD ABOVE 30500 TGTS 30600/30750 SL 30350 SELL GOLD BELOW 30040 TGTS 29940/29850 SL 30230 YOUR MINTVISORY
India produced 22018.083 Thousand Metric Tons (TMT) of crude oil in April-October period this year compared to 22283.565 TMT in the same period last year. In October, the country produced 3179.405 TMT of crude oil, declined 0.8% compared to the same month last year. MCX copper for December delivery was seen trading with a gain of 0.11% at Rs.444.50 per kilogram as of 16.48 IST on Tuesday.
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DAILY REPORT 27th NOVEMBER. 2013
NCDEX
RECOMMENDATIONS CASTORSEED
NCDEX INDICES Index
Value
% Change
Barley
1373
+0.04
Castor Seed
4341
+0.86
Chana
3064
-1.13
Chilli
7408
+0.82
Coriander
7572
+2.99
Cotton Seed Oilcake
1399
-1.20
12757.5
+0.75
3781
-0.29
722.35
-0.52
5294
+1.03
Jeera Mustard seed Ref Soya Oil Turmeric SELL CASTORSEED JAN BELOW 4280 TG 4250,4210 SL 4320 BUY CASTORSEED JAN ABOVE 4350 TG 4380,4390 SL 4310 DHANIYA
SELL DHANIYA DEC BELOW 7470 TG 7440,7400 SL 7510 BUY DHANIYA DEC ABOVE 7660 TG 7690,7730 SL 7620
YOUR MINTVISORY
NCDEX ROUNDUP NCDEX, the leading agri commodities exchange, yesterday re-launched its Crude Palm Oil (CPO) futures contract. This contract is available for trading from yesterday, Tuesday, November 26, 2013. The crude palm oil futures would complete the basket of oil and oilseeds futures on NCDEX platform. To begin with, the exchange has launched Dec-13, Jan -14, Feb-14 & March-14 expiry contracts. During the early trade, the market participants have shown positive response to the new development. There has been a significant gap between demand and supply of edible oil in India, because of limited availability of oil seeds and shifting of acreage to other crops in the domestic market. Rice exports will likely fare better than expected, as demand for Thai rice should become more active next month, says the Thai Rice Exporters Association. Thailand's highquality, 100% grade B (fob vessel, Bangkok) milled rice for export was quoted at US$434 a tonne for the week ending Nov 11, down by $30 from the week ending Sept 9 and the lowest since January 2008.In contrast, price quotes from Vietnam have increased since early September due mostly to recent large sales to the Philippines and China.
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DAILY REPORT 27th NOVEMBER. 2013
CURRENCY
RBI Reference Rate Currency
Rate Currency
Rupee- $
62.4470 Yen-100
Euro
84.5040 GBP
USD/INR
SELL USD/INR BELOW 62.25 TGTS 62.09, 61.95 SL 62.85. BUY USD/INR ABOVE 62.91 TGTS 63.09, 63.25 SL 62.20. EUR/INR
Rate
61.5100 100.8644
CURRENCY ROUNDUP The rupee was looking up against the US dollar as it traded at 62.44 compared to yesterday's close of 62.50. The dollar wallowed at one-week lows against a basket of major currencies on Wednesday, undermined by lower Treasury yields after a batch of data failed to sway markets one way or the other over when the Federal Reserve will scale back stimulus. U.S. Treasuries prices held onto gains on Tuesday after the Treasury sold $35 billion in five-year notes to solid demand, the second of three sales of $96 billion in new coupon-bearing debt this week. The dollar weakened against most major currencies on Tuesday after a widely-watched gauge of U.S. consumer confidence disappointed investors and bolstered ongoing expectations for the Federal Reserve to keep its dollarweakening monetary stimulus programs in place through early 2014. Stimulus tools such as the Fed's USD85 billion in monthly bond purchases aim to drive recovery by pushing down long-term interest rates, weakening the dollar as long as they remain in effect. In U.S. trading on Tuesday, EUR/ USD was up 0.39% at 1.3570. The dollar was down against the yen, with USD/JPY down 0.37% at 101.30, and down against the Swiss franc, with USD/CHF down 0.57% at 0.9066. The dollar was up against its cousins in Canada, Australia and New Zealand, with USD/ CAD up 0.02% at 1.0546, AUD/USD down 0.33% at 0.9132 and NZD/USD trading down 0.04% at 0.8204.
SELL EUR/INR BELOW 84.15 TGTS 83.99, 83.82 SL 84.85 BUY EUR/INR ABOVE 85.00 TGTS 85.18, 85.32 SL 84.35
YOUR MINTVISORY
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was down 0.35% at 80.67. On Wednesday, the U.S. is to release data on durable goods orders, a report on manufacturing activity in the Chicago region and revised data on consumer sentiment. The Labor Department is to release the weekly report on initial jobless claims one day ahead of schedule due to Thursday's Thanksgiving holiday.
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DAILY REPORT 27th NOVEMBER. 2013
CALL REPORT PERFORMANCE UPDATES
Date
Commodity/ Currency Pairs
Contract
Strategy
Entry Level
Target
Stop Loss
Remark
26/11/13
MCX GOLD
DEC
BUY
30500
30600-30750
30350
NOT EXECUTED
26/11/13
MCX GOLD
DEC.
SELL
30150
30050-29950
30330
BOOKED PROFIT
26/11/13
MCX SILVER
DEC
BUY
45500
45700-46000
45150
NOT EXECUTED
26/11/13
MCX SILVER
DEC
SELL
44800
44600-44300
45150
BOOKED FULL PROFIT
26/11/13
NCDEX CASTOR SEED
JAN.
SELL
4280
4250-4210
4320
NOT EXECUTED
26/11/13
NCDEX CASTOR SEED
JAN.
BUY
4390
4420-4460
4350
NOT EXECUTED
26/11/13
NCDEX DHANIYA
DEC.
BUY
7365
7395-7435
7325
BOOKED FULL PROFIT
26/11/13
NCDEX DHANIYA
DEC.
SELL
7290
7260-7220
7330
NOT EXECUTED
26/11/13
USD/INR
NOV.
SELL
62.28
62.16-61.96
62.95
CLOSED AT LOSS
26/11/13
USD/INR
NOV.
BUY
63.20
63.37-63.58
62.60
NOT EXECUTED
26/11/13
JPY/INR
NOV.
BUY
62.30
62.48-62.69
61.65
NOT EXECUTED
26/11/13
JPY/INR
NOV.
SELL
61.30
61.15-61.00
61.95
NOT EXECUTED
Date
Scrip
CASH/ FUTURE/ OPTION
Strategy
Entry Level
26/11/13
NIFTY
FUTURE
BUY
26/11/13
INDUSINDBK
FUTURE
BUY
26/11/13
LT
FUTURE
BUY
26/11/13
ESS DEE
CASH
BUY
535
Target
6060-6080
Stop Loss
Remark
6125-6150
6020
CALL OPEN
425
435-445
415
SL TRIGGERED
1000-1005
1015-1025
990
BOOKED PROFIT
545-560
525
NOT EXECUTED
US ECONOMIC REPORT TIME (ET)
REPORT
PERIOD
ACTUAL
CONSENSUSFORECAST
PREVIOUS
8:30 AM
WEEKLY JOBLESS CLAIMS
11/23
N/A
N/A
8:30 AM
DURABLE GOODS ORDERS
OCT.
-1.8%
3.8%
9:45 AM
CHICAGO PMI
NOV.
63.0
65.9
10 AM
UMICH CONSUMER SENTIMENT INDEX
NOV.
73.0
72.0
10 AM
LEADING ECONOMIC INDICATORS
OCT.
--
0.7%
WEDNESDAY, NOV. 27
THURSDAY, NOV. 28 THANKSGIVING DAY NONE SCHEDULED
FRIDAY, NOV. 29 NONE SCHEDULED
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