DAILY REPORT 29th NOVEMBER. 2013
Global markets at a glance European stocks gained ground on Thursday in light trade, with Italian shares outperforming after the country's Senate expelled former prime minister . The FTSEurofirst 300 index of top European shares gained 0.4 percent at 1,305.02 points, hitting its highest closing level since 2008 Volumes were thin however. Around Europe on Thursday, the euro zone's blue-chip Euro STOXX 50 index gained 0.3 percent, to 3,092.42 points, the UK's FTSE 100 index added 0.1 percent, France's CAC 40 gained 0.2 percent and Germany's DAX index rose 0.4 percent. Japanese stocks paused for breath on Friday after hitting their highest closing level in nearly six years on Thursday, though they are still on track for their best November gain since 1998 as the yen tumbled. Nikkei .N225 slipped 0.3 percent, though it is still up 9.4 percent this month as the yen slump against the euro and dollar. Wall Street Update Wall Street was closed for the Thanksgiving holiday. Previous day Roundup Indian shares rose on Thursday, recovering from two sessions of falls. The market sees a solid closing of the November series expiry. The Nifty ends at 6091.85, up 34.75 points. The Sensex closes up 114.65 points at 20534.91. About 1432 shares have advanced, 1024 shares declined, and 186 shares are unchanged. Index stats The Bankex and Bank Nifty both advanced 0.10% & 0.07% respectively. Among the sartorial indices all the sectors were up; Capital Goods [up 181.34pts], Oil & Gas [up 75.02pts], AUTO [up 43.93pts], PSU [up 42.09pts], Consumer Durables [up 27.26pts], Metals [up 86.95pts]Realty [up 18.44pts], TECK [up 24.64pts], IT [up 40.01 pts], Power [up 21.75pts], and Healthcare [up 30.89pts], the index slipped was FMCG [down 6.54pts].
World Indices Index
Value
% Change
16,097.23
+0.15
S&P 500
1,807.23
+0.25
NASDAQ EURO STO FTSE 100
4,044,75 3,092.42 6,654.47
+0.67 +0.32 +0.08
Nikkei 225 Hong Kong
15,716.51 23,848.84
-0.07 +0.25
DJl
Top Gainers Company
CMP
Change
% Chg
JPASSOCIAT
49.80
3.65
+7.91
151.20
5.05
+3.46
2637.00
67.85
+2.64
94.50
2.35
+2.55
420.40
10.35
+2.52
CMP
Change
% Chg
318.65 381.00 399.00 125.10
5.10 0.95 0.20 0.05
-1.58 -0.25 -0.05 -0.04
Prev. Close
Change
%Chg
292.30
3.10
+1.07
1,075.00
1.80
+0.17
BIOCON
390.00
5.35
+1.39
CROMPTONGREAV
124.80
4.95
+4.13
4,620.00
129.45
+2.88
BHEL GRASIM POWERGRID INDUSINDBANK
Top Losers Company
CAIRN CIPLA TATAMOTORS NMDC
Stocks at 52 Week’s high Symbol
AUROPHARMA BATAINDIA
EICHERMOT
Stocks at 52 Week’s Low Symbol
Prev. Close
Change
%Chg
JBFIND -
72.10
0.00
0.00
CMP
Change
% Chg
6,091.85 20,534.91
+34.75 +114.65
+0.57 +0.56
Indian Indices Company NIFTY SENSEX
YOUR MINTVISORY
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DAILY REPORT 29th NOVEMBER. 2013
EQUITY CASH & FUTURE
STOCK RECOMMENDATIONS [FUTURE] 1. TATA STEEL
STOCK RECOMMENDATION [CASH] 1. VOLTAS
TATA STEEL FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it continues to sustain above 405, We advise buying around 405 levels with strict stop loss of 396 for the targets of 415-425 levels.
VOLTAS LTD is looking strong on charts. We advice buying around 108-110 levels with strict stop loss of 104 for the targets of 115-120 levels.
2. TATA COMMUNICATION
MACRO NEWS Nevyeli Lignite Corporation has spent just about Rs 795.93 crore on capex during the July-September quarter, as against the target of Rs 1,106.57 crore. Last fiscal, it had spent Rs 1,827.91 crore on capex, as against the target of Rs 1,687 crore. NLC's capex target for the 2014-15 is Rs 3,837.95 crore.
TATA COMM FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it continues to sustain above 285, We advise buying above 285 levels with strict stop loss of 280 for the targets of 290-295. YOUR MINTVISORY
GDP DATA is to be announced today 29 November Friday. India's economy appears to be stuck in neutral, with GDP growth forecast to remain below 5% for the fourth consecutive quarter in the July-Sep period.
The United Progressive Alliance government has drawn up a Rs 75,000-crore action plan that seeks to provide self-employment opportunities to seven crore households in rural India over the next 10 years.
India to release September-quarter GDP data at 1200 GMT. India April-October fiscal deficit data. (0630GMT]. Infrastructure data for September. RBI to release bank reserves, forex data at 1130GMT. Call us at +91-731-6642300
DAILY REPORT FUTURE & OPTION
29th NOVEMBER. 2013
STOCKS IN NEWS Cadbury India signs MoU with Andhra Pradesh govt for chocolate facility. Suzlon arm REpower Systems bags order from Australian firm. BHEL, L&T, in race to bag NTPC turnkey contract. CCI rejects plea to remove 'joint control' view on Jet -Etihad deal.
MOST ACTIVE PUT OPTION Symbol
Option Type
Strike Price
LTP
Traded Volume (Contracts)
Open Interest
NIFTY
PE
6,100
7.90
13,16,521
26,01,500
NIFTY
PE
6,050
0.05
4,85,130
40,91,750
NIFTY
PE
6,000
0.05
4,36,790
67,73,500
BANK NIFTY
PE
10,900
0.05
1,21,141
2,58,650
SBIN
PE
1,750
0.05
8,398
6,62,500
MCDOWELL-N
PE
2,600
+0.10
5,151
2,31,750
RELIANCE
PE
860
11.50
1,993
3,25,250
TATAMOTORS
PE
400
1.90
3,941
4,00,000
Strike Price
LTP
Traded Volume (Contracts)
Open Interest
NIFTY FUTURE
MOST ACTIVE CALL OPTION Symbol
Option Type
NIFTY
CE
6,100
0.05
16,86,926
80,23,100
NIFTY
CE
6,150
0.05
4,32,111
42,48,550
NIFTY
CE
6,200
0.05
3,86,294
66,03,950
BANKNIFTY
CE
11,000
0.10
1,08,948
3,82,375
SBIN
CE
1,800
0.05
11,221
7,80,500
MCDOWELL-N
CE
2,700
0.05
7,786
3,52,375
JPASSOCIAT
CE
150
0.05
7,288
72,72,000
DLF
CE
150
0.05
4,768
7,23,000
TATASTEEL
CE
400
0.80
6,039
10,92,00
Nifty Future closed in the red in the last trading session. We advise buying only above 6150 which is major resistance in short term. Alternatively one can also short at higher levels 6130-6145 till index closes below 6150 levels. Above 6150 more upside is expected.
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
134714
4104.58
101330
3072.23
388898
11829.35
1032.35
INDEX OPTIONS
595203
17926.42
561030
16953.03
1283832
39069.85
973.39
STOCK FUTURES
231236
6288.16
228808
6267.46
1038576
28347.20
20.71
STOCK OPTIONS
20497
565.51
19573
544.18
3985
105.57
21.34
TOTAL
2047.79
INDICES NIFTY
S2
S1
PIVOT
R1
R2
6046.38
6069.11
6091.03
6113.76
6135.68
NIFTYJUNIOR
12141.63
12176.16
12214.78
12249.31
12287.93
BANK NIFTY
10718.15
10812.45
10937.3
11031.6
11156.45
YOUR MINTVISORY
Call us at +91-731-6642300
DAILY REPORT 29th NOVEMBER. 2013
COMMODITY MCX
RECOMMENDATIONS SILVER
TRADING STRATEGY: BUY SILVER ABOVE 45200 TGTS 45400/45800 SL 45000 SELL SILVER BELOW 43950 TGTS 43750/43500 SL 44100 GOLD
COMMODITY ROUNDUP India gold futures recorded a down trend on Thursday due to profit booking and was seen trading bearish amid weak international cues. Gold futures for December delivery on India's Multi Commodity Exchange (MCX) was seen trading with a loss of 0.19% at Rs.29937 per 10 grams as of 16.40 IST on Thursday. Upcoming wedding season demand is expected to support the yellow metal futures in the domestic market to certain extent. In the global market, the yellow metal remained almost steady as US markets will remain closed for the day. Gold prices failed to find support from the October FOMC minutes and dipped below $1250 an ounce and is at risk of falling to $1180, $1210 per ounce. External markets continue to create an unfavorable backdrop for gold, as the physical market lends little support during the seasonally strong period for consumption. MCX GOLD December contract was closed at Rs 30210 up Rs 164, or 0.55 percent. The GOLD rate touched an intraday high of Rs 30210 and an intraday low of Rs 29911. So far 9890 contracts have been traded. Gold Price is taking support at 29850 and trade in narrow range all day. In evening session gold price break the nearest resistance of 30050 and made new high of 30210. MCX SILVER December contract was closed at Rs 44189 down Rs 51, or 0.12 percent. The SILVER rate touched an intraday high of Rs 44189 and an intraday low of Rs 43950. So far 7481 contracts have been traded. Silver opened at morning with gap down and made day low. In mid session silver trade in narrow range and made day high. After 11 p.m. Have seen some buying pressure in silver, but it will not helpful to break the nearest resistance of 44250. MCX COPPER November contract was closed at Rs 444.50 up Rs 1.80, or 0.41 percent. The COPPER rate touched an intraday high of Rs 445.30 and an intraday low of Rs 441.90. So far 16077 contracts have been traded. From past 3-4 days copper trading in very narrow range (446-440) fresh buying and selling will decide the trend.
TRADING STRATEGY: BUY GOLD ABOVE 30250 TGTS 30300/30380 SL 30170 SELL GOLD BELOW 29835 TGTS 29785/29720 SL 29915 YOUR MINTVISORY
MCX CRUDEOIL December contract was closed at Rs 5782 down Rs 1, or 0.02 percent. The CRUDEOIL rate touched an intraday high of Rs 5808 and an intraday low of Rs 5772. So far 29529 contracts have been traded. At morning crudeoil price have fresh buying and it made day high and in mid session to market closed crude oil moved sideways.
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DAILY REPORT 29th NOVEMBER. 2013
NCDEX
RECOMMENDATIONS CASTORSEED
NCDEX INDICES Index
Value
% Change
Barley
1358
-1.06
Castor Seed
4413
+0.75
Chana
3044
-0.13
Chilli
7348
-3.29
Coriander
7682
+1.25
Cotton Seed Oilcake
1389
-1.14
12730
+0.53
Mustard seed
3785
-0.24
Ref Soya Oil
721.5
-0.35
BUY CASTORSEED(JAN) ABOVE 4430 TG 4460,4500 SL 4380 SELL CASTORSEED(JAN) BELOW 4360 TG 4330,4290 SL 4410
Turmeric
5402
+2.35
DHANIYA
NCDEX ROUNDUP
Jeera
The country's sugar production is likely to drop by nearly three per cent to 24.4 million tonnes this year, but sufficient to meet the domestic demand.
BUY DHANIYA(DEC) ABOVE 7720 TG 7750,7790 SL 7670 SELL DHANIYA(DEC) BELOW 7580 TG 7550,7510 SL 7630
YOUR MINTVISORY
Potato prices fell by 0.48% to Rs 877 per quintal in futures trade yesterday as traders offloaded their positions due to low demand in the domestic market amid adequate stocks. The trading sentiment weakened further as a result of easy availability of potato in the spot markets following fresh arrivals from producing regions. At the Multi Commodity Exchange, potato for the March contract fell by Rs 4.30, or 0.48%, to Rs 877 per quintal with a business volume of 9 lots. The potato for delivery in April declined by Rs 2.90 or 0.33%, to Rs 858.90 per quintal with trading volume of 2 lots. Traders offloaded their holdings at existing higher levels tracking a decline in spot market against fresh supply mainly pulled down potato prices.
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DAILY REPORT 29th NOVEMBER. 2013
CURRENCY
RBI Reference Rate Currency
Rate Currency
Rupee- $
62.3896 Yen-100
Euro
84.7547 GBP
JPY/INR
SELL JPY/INR BELOW 61.30 TGTS 61.15, 61.00 SL 61.90. BUY JPY/INR ABOVE 62.03 TGTS 62.17, 62.33 SL 61.45.
EUR/INR
BUY EUR/INR ABOVE 85.70 TGTS 85.84, 86.02 SL 85.10. SELL EUR/INR BELOW 84.90 TGTS 84.75, 84.55 SL 85.55.
YOUR MINTVISORY
Rate
61.1000 101.8011
CURRENCY ROUNDUP The Indian rupee weakened for the first time in five sessions on Thursday as heavy month-end dollar demand from oil refiners and losses in other Asian currencies hurt, but gains in domestic shares prevented a sharper fall. Rupee ends at 62.41/42 per dlr vs 62.14/15 Wed close. Losses in other Asian peers also hurts rupee sentiment. Gains in local shares limits further fall. The yen was pinned at a four-year trough against the euro and a six-month low on the dollar early in Asia on Friday, having suffered a bruising week as investors used the lowyielding currency to buy riskier assets. The Japanese currency has taken on the status as the funding currency of choice as the Bank of Japan is committed to maintaining an ultra-loose monetary policy. The euro last traded at 139.10 yen, having risen as far as 139.25 as the market attempted to test the June 2009 peak of 139.26. A break there will take it to highs not seen since October 2008. The dollar bought 102.28 yen, not far from a six-month high of 102.375 set overnight. It is moving ever closer to its 2013 peak of 103.74 reached back in May. The euro rose to a five year high against the yen on Friday, as the Japanese currency faced heavy pressure on expectations it will be used as the funding currency of choice for carry trades given Japan's commitment to easy monetary policy. U.S. Treasuries prices added to losses on Wednesday after the Treasury sold $29 billion in seven-year notes to relatively low demand in the government's final sale of $96 billion in new coupon-bearing debt this week. The Reserve Bank of India said on Thursday it accepted all 14 bids for 61.76 billion rupees at its one-day reverse repo auction through which it absorbs excess liquidity from the banking system. It had accepted all 66 bids for 412.42 billion rupees at its one-day repo auction through which it injects liquidity into the banking system. Indian banks' refinancing with RBI unchanged at 419.61 billion rupees. Indian banks' cash balances with RBI fall to 3.16 trillion rupees.
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DAILY REPORT 29th NOVEMBER. 2013
CALL REPORT PERFORMANCE UPDATES
Date
Commodity/ Currency Pairs
Contract
Strategy
Entry Level
Target
Stop Loss
Remark
28/11/13
MCX GOLD
DEC
BUY
30250
30300-30380
30170
NOT EXECUTED
28/11/13
MCX GOLD
DEC.
SELL
29835
29785-29720
29915
NOT EXECUTED
28/11/13
MCX SILVER
DEC
BUY
45200
45400-45800
45000
NOT EXECUTED
28/11/13
MCX SILVER
DEC
SELL
43950
43750-43500
44100
NOT EXECUTED
28/11/13
NCDEX CASTOR SEED
JAN.
SELL
4320
4290-4250
4370
NOT EXECUTED
28/11/13
NCDEX CASTOR SEED
JAN.
BUY
4410
4440-4490
4360
BOOKED PROFIT
28/11/13
NCDEX DHANIYA
DEC.
BUY
7690
7720-7760
7640
BOOKED FULL PROFIT
28/11/13
NCDEX DHANIYA
DEC.
SELL
7480
7450-7410
7530
NOT EXECUTED
28/11/13
USD/INR
DEC.
SELL
62.60
62.51-62.36
63.24
NOT EXECUTED
28/11/13
USD/INR
DEC.
BUY
63.25
63.40-63.64
62.61
NOT EXECUTED
28/11/13
EUR/INR
DEC.
SELL
85.20
85.03-84.84
85.80
NOT EXECUTED
28/11/13
EURINR
DEC.
BUY
85.68
85.84-86.12
84.90
NOT EXECUTED
Date
Scrip
CASH/ FUTURE/ OPTION
Strategy
Entry Level
Target
Stop Loss
Remark
28/11/13
NIFTY
FUTURE
BUY
6040-6060
6090-6125
6020
NOT EXECUTED
28/11/13
UPL LTD.
FUTURE
BUY
170
175-180
165
CALL OPEN
28/11/13
VOLTAS
FUTURE
BUY
100
103-105
97
BOOKED FULL PROFIT
28/11/13
CEAT LTD
CASH
BUY
281
287-292
275
BOOKED FULL PROFIT
26/11/13
NIFTY
FUTURE
BUY
6060-6080
6125-6150
6020
CALL OPEN
US ECONOMIC REPORT TIME (ET)
REPORT
PERIOD
ACTUAL
CONSENSUSFORECAST
PREVIOUS
THURSDAY, NOV. 28 THANKSGIVING DAY NONE SCHEDULED
FRIDAY, NOV. 29 NONE SCHEDULED
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