DAILY REPORT 04th DECEMBER. 2013
Global markets at a glance Asian shares could come under pressure on Wednesday after the world's share markets were rattled by fears of an impending reduction in the U.S. Federal Reserve's stimulus following positive U.S. data. European shares suffered their biggest falls since August while Wall Street retreated for a third straight day on Tuesday, dropping from record levels as investors took profits. The Dow Jones industrial average fell 94.15 points, or 0.59 percent, to end at 15,914.62. The Standard & Poor's 500 Index declined 5.75 points, or 0.32 percent, to finish at 1,795.15. The Nasdaq Composite Index dropped 8.06 points, or 0.20 percent, to close at 4,037.20. Wall Street Update The Dow and the S&P 500 fell for a third straight day on Tuesday, dropping from record levels in a broad decline as investors took profits amid signs of a weak holiday shopping season.
World Indices Index
Value
% Change
15,914.62
-0.59
S&P 500
1,795.15
-0.32
NASDAQ EURO STO FTSE 100
4,037.20 3,013.88 6,532.43
-0.20 -2.06 -0.95
Nikkei 225 Hong Kong
15,390.47 23,742.35
-2.28 -0.70
DJl
Top Gainers Company
CMP
Change
% Chg
GAIL
343.80
10.20
+3.06
BHEL
164.05
4.40
+2.76
DLF
156.70
3.95
+2.59
JINDALSTEL
275.00
6.60
+2.46
NMDC
137.20
3.10
+2.31
CMP
Change
% Chg
425.50 758.00 2,463.00 1,117.80
7.90 12.55 35.60 14.95
-1.82 -1.63 -1.42 -1.32
Prev. Close
Change
%Chg
AUROPHARMA
306.30
2.10
+0.69
CROMPGREAV
124.85
1.25
+1.01
GRANULES
190.90
25.75
15.59
JINDALPHOT
145.40
24.20
19.97
JSWSTEEL
933.45
0.50
-0.05
Prev. Close
Change
%Chg
25.65 19.50
0.25 0.15
-0.97 -0.76
CMP
Change
% Chg
6,201.85 20,854.92
-16.00 -43.09
-0.26 -0.21
Top Losers Company
Previous day Roundup Indian shares fell on Tuesday to snap a three-day winning streak due to profit-taking in stocks of blue chips such as Larsen and Toubro Ltd after upbeat U.S. data raised fears the Federal Reserve would reduce its monetary stimulus. It was a consolidation day at the Dalal Street with the Nifty holding above 6200 amid volatility. The Nifty ended at 6201.85, down 16.00 points while the Sensex slipped 43.09 points to close at 20854.92. About 1237 shares advanced, 1231 shares declined, and 166 shares were unchanged. Most of the stocks were under pressure while realty, small cap and midcap stocks outperformed peers. Index stats The Bankex and Bank Nifty both declined 0.56% & 0.65% respectively. Among the sartorial indices all the sectors were up; Capital Goods [down 32.32pts], Oil & Gas [up 43.68 pts], AUTO [down 52.69pts], PSU [down 12.28pts], Consumer Durables [up pts], Metals [up 22.41pts], Realty [up pts], TECK [up 6.46pts], IT [up 11.70pts], Power [up pts], and Healthcare [down 22.69pts], the index slipped was FMCG [down 54.56pts].
INDUSINDBK KOTAKBANK DRREDDY HCLTECH
Stocks at 52 Week’s high Symbol
Stocks at 52 Week’s Low Symbol
PFOCUS SFCL
Indian Indices Company NIFTY SENSEX
YOUR MINTVISORY
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DAILY REPORT 04th DECEMBER. 2013
EQUITY CASH & FUTURE
STOCK RECOMMENDATIONS [FUTURE] 1. MCLOED RUSSEL
STOCK RECOMMENDATION [CASH] 1. PATEL ENGINEERING LTD.
MCLOED RUSSEL FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it continues to sustain above 300, We advise buying around 300302 levels with strict stop loss of 294 for the targets of 308314.
PATEL ENGINEERING LTD is looking strong on charts. We advice buying above 54 levels with strict stop loss of 50 for the targets of 58-62 levels.
2. PETRONET
PETRONET FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it continues to sustain above 135, We advise buying around 134-136 levels with strict stop loss of 132 for the targets of 138140.
YOUR MINTVISORY
MACRO NEWS HSBC SERVICE PMI to be announced today. India's CAD narrowed to 1.2% of GDP to $ 5.2bln, the lowest since June 2009. The deficit data was the latest in a run of positive signs for the sluggish domestic. Reliance Industries-BP combine is leading the race for picking up 25 per cent stake in Gujarat government's planned LNG import terminal at Mundra. Both HeroMoto Corp and Magneti Marelli will be investing a total of USD 8.5 million in the JV firm - HMCMM Auto Ltd - in the next three years and around USD 27 million over the next ten years. Hero MotoCorp will hold 605 in the JV while the Italian firm will have 40% India to contribute $1mn to anti-chemical weapons body. Prime Minister dedicated GAIL India Ltd's 1,000 km Dabhol-Bangalore natural gas pipeline to the nation. Bharti Airtel prices 750 mln euro 2018 bond issue. Larsen & Toubro has signed its five-year refinancing at reduced size of around US$362m from an earlier planned US$370m
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DAILY REPORT FUTURE & OPTION
04th DECEMBER. 2013
STOCKS IN NEWS RCom raises 3G internet rate by 26%, cuts benefits by about 60%. Idea to challenge Rs 600 cr. govt. penalty notice. Essar Telecom in talks with investors to fund Kenya operations. Coal India signs fuel supply pacts for 71,500 MW capacity. Canara Bank cuts fixed deposit rates by up to 1%. Shree Renuka Sugars is in advanced talks with Wilmar for stake sale that is likely to be announced by month-end. NIFTY FUTURE
MOST ACTIVE PUT OPTION Symbol
Option Type
Strike Price
LTP
Traded Volume (Contracts)
Open Interest
NIFTY
PE
6,100
98.20
1,35,374
41,54,750
NIFTY
PE
6,000
69.90
1,18,032
55,43,600
NIFTY
PE
6,200 135.05
1,10,860
31,83,900
BANK NIFTY
PE
10,500 142.80
8,285
1,59,600
SBIN
PE
1,800
64.00
4,306
2,33,125
HINDALCO
PE
2,600
3.80
1,253
16,08,000
RELIANCE
PE
860
20.75
1,651
2,85,750
TATAMOTORS
PE
400
15.10
1,167
4,89,000
Strike Price
LTP
Traded Volume (Contracts)
Open Interest
MOST ACTIVE CALL OPTION Symbol
Option Type
NIFTY
CE
6,400
87.25
1,32,148
38,43,050
NIFTY
CE
6,500
54.05
1,11,337
49,24,600
NIFTY
CE
6,300
130.00
1,09,418
47,01,300
BANKNIFTY
CE
12,000
177.00
12,654
1,69,900
SBIN
CE
1,850
65.45
3,314
2,52,750
UNITECH
CE
17
1.30
3,987 1,21,60,000
DLF
CE
160
7.90
2,884
10,90,000
JINDALSTEL
CE
280
11.30
2,666
6,92,000
RELIANCE
CE
880
19.50
2,345
4,72,250
Nifty Future closed in the green in the last trading session. We advise buying around 6240-6250 with strict stop loss of 6210 for the targets of 6280-6300 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
42305
1301.39
37854
1167.55
450963
13964.23
133.84
INDEX OPTIONS
346284
10579.05
301985
9222.89
1603414
49605.35
1356.16
STOCK FUTURES
48107
1333.88
58375
1649.37
1073004
29698.88
-315.49
STOCK OPTIONS
25693
700.76
22238
602.92
30788
837.10
97.84
TOTAL
1272.35
INDICES NIFTY
S2
S1
PIVOT
R1
R2
6172.21
6187.03
6206.21
6221.03
6240.21
NIFTYJUNIOR
12315.46
12362.53
12437.21
12484.28
12558.96
BANK NIFTY
11095.96
11153.63
11232.16
11289.83
11368.36
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DAILY REPORT 04th DECEMBER. 2013
COMMODITY MCX
RECOMMENDATIONS SILVER
COMMODITY ROUNDUP Gold prices held near their lowest since early July on Tuesday after U.S. data fuelled expectations that the Federal Reserve is set to taper its monetary stimulus, further dampening investment interest in the metal. Data released on Monday showed the ISM gauge of U.S. factory activity hit a 2-1/2-year high in November, potentially bringing the Fed closer to scaling back its huge quantitative easing program, a move that would support the dollar. Such a move would also weigh on gold by relieving pressure on long-term interest rates, while potentially dampening expectations that inflation will rise in years to come. Gold hit a five-month low at $1,217.69 an ounce after the report.
TRADING STRATEGY: BUY SILVER MAR ABOVE 44550 TGT 44750/45050 SL 44150 SELL SILVER MAR BELOW 43750 TGT 43550/43150 SL 44050 GOLD
India gold futures was seen trading neutral amid weak international cues while US gold futures was seen near five month low after firm US data releases sparked the concerns that US Federal Reserve may start reducing its monetary stimulus later this month. Gold futures for February delivery on India's Multi Commodity Exchange (MCX) was seen trading with a loss of 0.11% at Rs.30099 per 10 grams as of 15.30 IST while Comex gold futures for February delivery on electronic platform was seen trading with a loss of 4 cents at $1221.5 per troy ounce as of 15.42 IST on Tuesday. Aluminium market deficit excluding China is expected to go up further next year than in 2013. The critical shift in fundamentals has come on the supply-side ex-China. The LME warehouse rules proposed in July 2013 (and confirmed in November) catalysed a near 15% drop in US and European physical premiums. Combined with a similar fall in LME prices since the beginning of the year, an additional 1.7Mt smelting capacity ex-China fell into loss making territory on top of 1Mty capacity already in such a state at the beginning of the year.
TRADING STRATEGY: BUY GOLD FEB ABOVE 29290 TGT 29370/29470 SL 29190 SELL GOLD FEB BELOW 28870 TGT 28790/28690 SL 28970
YOUR MINTVISORY
Tracking a slight up-tick in US crude oil futures, India crude oil prices edged up on Tuesday. Firm manufacturing data from the United States and China may have supported the prices while concerns over likely drop in US crude oil stockpiles were seen supporting the oil futures in the global market. Crude oil futures for January delivery on NYMEX was seen trading with a gain of 27 cents at $94.09 per barrel as of 16.56 IST on Tuesday. Crude oil futures for December delivery on India's Multi Commodity Exchange (MCX) was seen trading with a gain of 0.62% at Rs.5888 per barrel as of 16.46 IST on Tuesday.
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DAILY REPORT 04th DECEMBER. 2013
NCDEX
RECOMMENDATIONS CASTORSEED
NCDEX INDICES Index
Value
% Change
Barley
1320.5
-2.11
Castor Seed
4947
-0.30
Chana
2934
-2.43
Chilli
6740
-0.24
Coriander
7478
-1.19
Cotton Seed Oilcake
1398
-0.64
12355
-0.10
Mustard seed
3684
-0.57
Ref Soya Oil
704.5
-1.10
Turmeric
4974
-0.16
Jeera
BUY CASTORSEED ABOVE 4365 TGTS 4395/4435 SL 4325 SELL CASTORSEED BELOW 4330 TGTS 4300/4260 SL 4380
NCDEX ROUNDUP With the commercialization of the new Pusa Basmati 1509 variety, exports of basmati rice from India are set to exceed four mn tonnes (mt) this year, 11% more than last year.
DHANIYA Marking a 43%jump in value terms and a 20 per cent rise in volumes, spices exports increased from 314,835 tonnes valued at Rs 4,286 crore during the April-Sept. 2012 period to 378,755 tonnes worth Rs 6,118 crore during the same period this year. Notably, out of the 18 items in the export basket, only four recorded a decline during the period. Potato seed prices in West Bengal are high like never before. While the state government has been able to reign in high potato prices, the seed prices have increased abysmally on account of demand supply mismatch in Punjab. In the last one month potato seed prices have more than doubled from nearly Rs 17 per kg to Rs 50 per kg.
SELL DHANIYA BELOW 7440 TGTS 7410/7370 SL 7490 BUY DHANIYA ABOVE 7550 TGTS 7580/7620 SL 7500
YOUR MINTVISORY
With an increasing demand for palm oil, price risk management for a consuming nation as India is very important. NCDEX crude palm oil futures are ideal to meet the price risk management needs of the processors, traders, physical participants and end users. The NCDEX crude palm oil futures prices are highly co-related with Bursa Malaysia, where crude palm oil futures are actively traded.
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DAILY REPORT 04th DECEMBER. 2013
CURRENCY
RBI Reference Rate Currency
Rate Currency
Rupee- $
62.3896 Yen-100
Euro
84.7547 GBP
GBP/INR
Rate
61.1000 101.8011
CURRENCY ROUNDUP The Indian rupee fell on Tuesday as the dollar gained after strong U.S. economic data sparked expectations of an early tapering of the Federal Reserve stimulus, but a sharp easing in the current account deficit capped wider losses. Talk of tapering also disrupted the yen's decline, which has been propelled by speculation of more carry-trades on the back of improving risk sentiment. The dollar fell about one percent to 102.40 yen from Tuesday's six-month high of 103.38 yen. The euro was steadier at $1.3595, not far from one-month high of $1.3622 hit last week. The yen was squeezed higher across the board early in Asia on Wednesday, enjoying a bit of a reprieve as investors locked in profits ahead of major risk events including U.S. jobs data due later in the week.
BUY GBP/INR ABOVE 103.02 TGTS 103.18,103.48 SL 102.50. SELL GBP/INR BELOW 102.21 TGTS 102.02,101.77 SL 102.76. JPY/INR
The Reserve Bank of India said on Tuesday it accepted all 29 bids for 108.59 billion rupees at its one-day reverse repo auction through which it absorbs excess liquidity from the banking system. Indian banks' refinancing with RBI falls to 242.33 billion rupees. Indian banks' cash balances with RBI rise to 3.28 trillion rupees. The Australian dollar weakened slightly in early trade Wednesday ahead of third quarter gross domestic product data expected to show a pickup from the previous quarter. Overnight, profit taking sent the dollar falling against most major currencies as investors waited on the sidelines for the release of the November jobs report on Friday. The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was up 0.02% at 80.64.
BUY JPY/INR ABOVE 61.27 TGTS 61.42, 61.57 SL 60.81. SELL JPY/INR BELOW 60.74 TGTS 60.55, 60.26 SL 61.30.
YOUR MINTVISORY
Today on Wednesday, the U.S. is to release the ADP report on private-sector job creation, while the Institute of Supply Management is to release its service-sector purchasing managers' index. The U.S is also to publish data on new home sales and data on its trade balance.
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DAILY REPORT 04th DECEMBER. 2013
CALL REPORT PERFORMANCE UPDATES
Date
Commodity/ Currency
Contract
Strategy
Entry Level
Target
Stop Loss
Remark
FEB.
BUY
29130
29230-29250
29010
SL TRIGGERED
MCX GOLD
FEB.
SELL
28620
28250-28400
28740
NOT EXECUTED
MCX SILVER
MAR.
BUY
45400
45600-45900
45100
NOT EXECUED
03/12/13
MCX SILVER
MAR.
SELL
44300
44100-43800
44600
BOOOKED FULL PROFIT
03/12/13
NCDEX CASTOR SEED
JAN.
SELL
4345
4315-4265
4395
NOT EXECUTED
03/12/13
NCDEX CASTOR SEED
JAN.
BUY
4410
4450-4490
4390
BOOKED PROFIT
03/12/13
NCDEX DHANIYA
DEC.
SELL
7480
7450-7400
7530
BOOKED PROFIT
03/12/13
NCDEX DHANIYA
DEC.
BUY
7670
7700-7750
7620
NOT EXECUTED
03/12/13
GBP/INR
DEC.
SELL
102.38
102.13-101.95
103.05
NOT EXECUTED
03/12/13
GBP/INR
DEC.
BUY
103.15
103.40-103.65
102.60
NOT EXECUTED
03/12/13
EUR/INR
DEC.
SELL
84.67
84.45-84.28
85.05
NOT EXECUTED
03/12/13
EURINR
DEC.
BUY
85.65
85.79-86.00
85.05
NOT EXECUTED
03/12/13
MCX GOLD
03/12/13 03/12/13
Date
Scrip
CASH/FUTURE Strategy
Entry Level
Target
Stop Loss
Remark
03/12/13
NIFTY
FUTURE
BUY
6240-6250
6280-6300
6210
CALL OPEN
03/12/13
RANBAXY
FUTURE
BUY
445-450
455-465
440
BOOKED PROFIT
03/12/13
HCL TECH
FUTURE
BUY
1125-1130
1145-1160
1115
SL TRIGGERED
03/12/13
JINDAL PHOTO
CASH
BUY
122
117
127-134
BOOKED FULL PROFIT
02/12/13
NIFTY
FUTURE
BUY
6240
6280-6350
6170
CALL OPEN
02/12/13
RECL
FUTURE
BUY
225.228
232-236
220
BOOKED PROFIT
29/11/13
TATASTEEL
FUTURE
BUY
405
415-425
369
BOOKED PROFIT
29/11/13
VOLTAS
BUY
108-110
115-120
104
BOOKED PROFIT
CASH
US ECONOMIC REPORT TIME (ET)
REPORT
8:15 AM 8:30 AM 10 AM 10 AM 2 PM
ADP EMPLOYMENT TRADE DEFICIT ISM NONMANUFACTURING NEW HOME SALES BEIGE BOOK
8:30 AM 8:30 AM 10 AM
WEEKLY JOBLESS CLAIMS GDP REVISION FACTORY ORDERS
PERIOD ACTUAL WEDNESDAY, DEC. 04 NOV. OCT. NOV. OCT..
CONSENSUSFORECAST
PREVIOUS
176,000 -$40.5 BLN 55.5% 428,000
130,000 -$41.8 BLN 55.4% 421,000
N/A 3.1% -0.7%
N/A 2.8%
180,000 7.2% 0.3% 0.2% 0.1% 74.0
204,000 7.3% 0.5% 0.2% 0.1%
THURSDAY, DEC. 05 11/30 3Q OCT.
1.7%
FRIDAY, DEC. 06 8:30 AM 8:30 AM 8:30 AM 8:30 AM 8:30 AM 9:55 AM
NONFARM PAYROLLS UNEMPLOYMENT RATE PERSONAL INCOME CONSUMER SPENDING CORE PCE PRICE INDEX UMICH CONSUMER SENTIMENT INDEX
NOV. NOV. OCT. OCT. OCT. DEC.
72.0
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