DAILY REPORT 05th DECEMBER. 2013
Global markets at a glance Asian markets with the exception of Shanghai Composite were trading lower and the Nikkei retreated from its 6year closing highs. Investors booked profits on concerns that the tapering by US Fed would lead to reduction in foreign fund inflows. The Nikkei ended down 2.2% at 15,408. Shanghai Composite ended up 1.3% while Hang Seng and STI ended nearly 1% lower.
World Indices
European shares traded flat on Wednesday, steadying after the previous session's steep losses, with Asia-focused bank Standard Chartered the leading decliner after it warned its profits were likely to fall. The Dow Jones industrial average slipped 24.85 points, or 0.16 percent, to end at 15,889.77. The Standard & Poor's 500 Index declined 2.34 points, or 0.13 percent, to finish at 1,792.81. But the Nasdaq Composite Index inched up just 0.80 of a point, or 0.02 percent, to close at 4,038. Wall Street Update The Dow and the S&P 500 finished lower for the fourth consecutive session on Wednesday after investors found few reasons to make big moves, with uncertainty remaining over when the Federal Reserve will start to slow its stimulus. Previous day Roundup Indian shares fell on Wednesday to mark their second consecutive day of losses amid weak Asian cues, as investors locked in profits in blue chip shares ahead of major risk events including U.S. jobs data and state elections results due later in the week, as investors booked profits in late trades ahead of the assembly election results due on Sunday. The 30-share Sensex ended down 147 points at 20,709 and the 50-share Nifty ended down 41 points at 6,161. Index stats The Bankex and Bank Nifty both declined 0.57% & 0.49% respectively. Among the sartorial indices the sectors which were up are; AUTO [up 128.93pts], Consumer Durables [up 3.34pts], TECK [up pts], IT [up 7.59pts], Power [up 5.13pts], and the sectors declines are; Capital Goods [down 98.13pts], Oil & Gas [down 67.78pts], PSU [down 16.08pts], Metals [up 86.95pts], Realty [down 36.87pts], and Healthcare [down 49.03pts], FMCG [down 88.50pts].
Index
Value
% Change
15,889.77
-0.16
S&P 500
1,792.81
-0.13
NASDAQ EURO STO FTSE 100
4,038 2,991.76 6,509.97
+0.02 -0.73 -0.90
Nikkei 225 Hong Kong
15,336.66 23,651.33
-0.46 -0.33
DJl
Top Gainers Company
CMP
Change
% Chg
TATAPOWER
82.50
2.50
+3.13
571.90
15.35
+2.76
95.90
2.15
+2.29
NMDC
139.65
2.40
+1.75
WIPRO
490.55
8.10
+1.68
CMP
Change
% Chg
121.05 312.45 105.7 445 153.00
3.00 6.75 2.15 8.30 2.85
-2.42 -2.11 -1.99 -1.83 -1.83
Prev. Close
Change
%Chg
AUROPHARMA
308.25
1.55
+0.51
CEATLTD
330.85
30.05
+9.99
DBCORP
272.5
2.15
-0.78
182.65
4.95
-2.64
131
13.95
-9.62
Prev. Close
Change
%Chg
25.65
0.05
-0.19
CMP
Change
% Chg
6,160.95 20,708.71
-40.90 -146.21
-0.66 -0.70
PNB POWERGRID
Top Losers Company
HINDALCO ITC IDFC RANBAXY DLF
Stocks at 52 Week’s high Symbol
GRANULES JINDALPHOT
Stocks at 52 Week’s Low Symbol
PFOCUS --
Indian Indices Company NIFTY SENSEX
YOUR MINTVISORY
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DAILY REPORT 05th DECEMBER. 2013
EQUITY CASH & FUTURE
STOCK RECOMMENDATIONS [FUTURE] 1. BANK OF BARODA
STOCK RECOMMENDATION [CASH] 1. CANARA BANK
BUY BOB FUTURE ABOVE 660 TGT 668/678 SL 650
BUY CAN BANK CASH ABOVE 250 TGT 253/258 SL 245
2. GODREJ INDUSTRIES
MACRO NEWS The HSBC SERVICE PMI inched up to 47.2 in November VS 47.1 in October. Microfinance firms tap non-convertible debentures for funds. The electricity regulator CERC's order for granting compensatory tariff for the company's (Tata Power) Mundra project is likely to come up by month-end. India may allow captive coal miners to sell surplus coal to steel, cement and power producers in a move that could challenge the monopoly of public sector. LIC is likely to declare real estate firm Unitech a defaulter for non-payment of interest on a Rs 200cr loan. Decks have been cleared for sale of government's residual stake in Hindustan Zinc and Balco that could help the exchequer rake in about Rs 20,000 crore. Foreign fund flows may get all-clear to take cyprus route. RBI grant to boost liquidity in MSME sector. The European Union has all but given up on a trade pact with India in the near future.
SELL GODREJ IND BELOW 272 TGT 269/264 SL 277
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DAILY REPORT FUTURE & OPTION
05th DECEMBER. 2013
STOCKS IN NEWS UCO Bank looks to life after Iran sanctions windfall Telecom department slams Rs 600-crore penalty on Idea over Spice merger. Eicher Motors to invest Rs 700cr in next year. United Spirits to soon appoint investment bankers for Whyte & Mackay sale. JSW, Essar, SAIL keep Dec steel prices unchanged, JSPL hikes. Coal India misses output target by 15 million tone. Vodafone to invest $3bn in India networks over next 2 years.
MOST ACTIVE PUT OPTION Symbol
Option Type
Strike Price
LTP
Traded Volume (Contracts)
Open Interest
NIFTY
PE
6,000
68.9
1,76,909
59,34,950
NIFTY
PE
6,100 100.30
1,59,289
43,08,350
NIFTY
PE
6,200 141.10
1,38,715
41,40,150
BANK NIFTY
PE
11,100
355
15,747
2,39,625
SBIN
PE
1,800
55.00
3,435
2,42,750
UNITECH
PE
15
1.00
2,927
50,88,00
POWERGRID
PE
90
1.20
2,856
73,40,000
DLF
PE
150
.7.00
1,950
4,81,000
Strike Price
LTP
Traded Volume (Contracts)
Open Interest
NIFTY FUTURE
MOST ACTIVE CALL OPTION Symbol
Option Type
NIFTY
CE
6,400
70.60
2,17,903
44,43,650
NIFTY
CE
6,500
43.25
1,86,976
54,49,700
NIFTY
CE
6,300
108.00
1,58,392
49,29,850
BANKNIFTY
CE
12,000
154.00
17,723
2,26,250
SBIN
CE
1,900
50.00
4,462
2,18,250
UNITECH
CE
17
0.70
7,629 1,91,60,000
DLF
CE
160
6.05
3,334
12,75,000
RELIANCE
CE
880
17.70
2,598
5,80,250
POWERGRID
CE
95
1.55
2,383
41,68,000
SELL NIFTY BELOW 6170 TGT 6150/6120 SL 6195
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
44238
1360.36
58693
1796.16
439476
13502.85
-435.80
INDEX OPTIONS
382606
11651.45
388242
11877.46
1665674
51105.83
-226.01
STOCK FUTURES
52496
1417.15
61108
1676.17
1078822
29635.55
-259.02
STOCK OPTIONS
29416
782.93
27858
758.83
38742
1019.99
24.10
TOTAL
-896.72
INDICES NIFTY
S2
S1
PIVOT
R1
R2
6114.08
6137.51
6173.33
6196.76
6232.58
NIFTYJUNIOR
12228.41
12275.53
12359.41
12406.53
12490.41
BANK NIFTY
11051.88
11104.31
11160.18
11212.61
11268.48
YOUR MINTVISORY
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DAILY REPORT 05th DECEMBER. 2013
COMMODITY MCX
RECOMMENDATIONS SILVER
COMMODITY ROUNDUP In International commodity market spot gold edged back to $1,238, giving up some of Wednesday's 1.7 percent rally. U.S. crude eased 9 cents to $97.11, but that followed a 1.2 percent rally on Wednesday after data showed domestic crude stocks fell by 5.6 million barrels, snapping 10 straight weeks of builds. Going the other way, Brent crude finished down 97 cents on Wednesday at $111.65 a barrel after initially rising to the highest since September 12 at $113.02. Gold prices dropped to a five month low in London on fears that the signs of economic recovery in the United States would result in US stimulus tapering. Gold futures for February delivery on Globex platform of Comex was seen trading with a loss of $5.8 at $1215 per troy ounce as of 15.59 IST on Wednesday. In the global market, the yellow metal is all set for the first annual decline in 13 years. US Federal Reserve may start to reduce its monetary stimulus at its March meeting. MCX gold futures for February delivery was seen trading neutral at Rs.29050 per 10 grams as of 15.56 IST on Wednesday.
TRADING STRATEGY: BUY SILVER MAR ABOVE 45450 TGT 45650/45950 SL 45150 SELL SILVER MAR BELOW 44300 TGT 44100/43800 SL 44600 GOLD
Meanwhile, UBS Investment Research has trimmed its silver price forecasts for next year from $25 previously to $20.50 an ounce while it cut its gold price forecast from $1325 to $1,200 an ounce. Swiss bank also cut its average silver price forecast for 2015 from $24 previously to $21per ounce and they left the 2015 and more distant gold forecasts unchanged from previous calls. India crude oil futures continued its upside movement on Wednesday tracking an up-trend on NYMEX crude oil futures. US crude oil futures recorded an up-tick yesterday and continued its upside movement on Wednesday due to a surprise decline in US crude oil inventories. Crude oil futures on India's Multi Commodity Exchange (MCX) for December delivery was seen trading with a gain of 0.85% at Rs.6066 per barrel as of 16.42 IST on Wednesday. NYMEX crude oil futures for January delivery was seen trading with a gain of $1.25 at $97.29 per barrel as of 17.30 IST on Wednesday.
TRADING STRATEGY: BUY GOLD FEB ABOVE 29790 TGT 29870/29970 SL 29690 SELL GOLD FEB BELOW 29280 TGT 29200/29100 SL 29380 YOUR MINTVISORY
MCX copper was seen trading sideways on Wednesday. Support for MCX copper February delivery is seen at 443.5 and 441 levels while resistance is seen at 448. MCX copper for February delivery was seen trading with a loss of 0.30% at Rs.444.15 per kilogram as of 17.09 IST on Wednesday.
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DAILY REPORT 05th DECEMBER. 2013
NCDEX
RECOMMENDATIONS CASTORSEED
NCDEX INDICES Index
Value
% Change
Barley
1345
+1.66
Castor Seed
4358
+0.25
Chana
2942
+0.34
Chilli
6530
-3.03
Coriander
7515
+0.43
Cotton Seed Oilcake
1406
+0.64
12450
+0.91
Mustard seed
3743
+1.74
Ref Soya Oil
708.5
+0.60
Turmeric
5058
+1.40
Jeera
SELL CASTORSEED BELOW 4340 TGTS 4310/4260 SL 4390 BUY CASTORSEED ABOVE 4425 TGTS 4455/4495 SL 4485 NCDEX ROUNDUP DHANIYA Coffee exports have registered a 29 per cent rise in the first two months of the crop year (October 2013 to September 2014). The country exported 39,800 tonnes, compared to 30,859 tonnes a year ago. The rise is significant as the previous year (October 2012-September 2013) had seen a decline of 5.24 per cent to 299,582 tonnes. India exports coffee mostly to Italy, Germany, Russia, Belgium and Spain. Robusta variety is mainly used in the preparation of instant drinks and espressos worldwide.
BUY DHANIYA ABOVE 7550 TGTS 7580/7630 SL 7500 SELL DHANIYA BELOW 7460 TGTS 7430/7380 SL 7510
YOUR MINTVISORY
Chilli prices fell further by 2.35% to Rs 6,576 per quintal in futures trade yesday as speculators offloaded positions amid slump in demand in the spot market against adequate stocks position. At the National Commodity and Derivatives Exchange, chilli for delivery in December fell further by Rs 158, or 2.35% to Rs 6,676 per quintal with an open interest of 3745 lots. Offloading of positions by speculators driven by weak spot demand against adequate stocks position mainly kept pressure on chilli prices at futures trade.
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DAILY REPORT 05th DECEMBER. 2013
CURRENCY
RBI Reference Rate Currency
Rate Currency
Rupee- $
62.3330 Yen-100
Euro
84.6848 GBP
USD/INR
Rate
60.7700 102.1825
CURRENCY ROUNDUP The rupee was trading marginally higher to the US dollar at Rs 62.30 compared with yesterday's close of Rs 62.36 as the dollar flows from banks is seen helping offset dollar demand from oil marketing companies. The yen held off a five-year trough on the euro and a sixmonth low versus the dollar on Thursday following a whippy session overnight that lacked conviction as key event risks including U.S. jobs data loomed.
SELL USD/INR BELOW 62.42 TGTS 62.30, 62.16 SL 62.82. BUY USD/INR ABOVE 62.95 TGTS 63.12, 63.28 SL 62.55. EUR/INR
The lift in yields helped the U.S. dollar regain ground on the yen to stand at 102.37 early Thursday, up from a low of 101.82. It may get further support if U.S. gross domestic product data get revised up later Thursday. A major mover was the Canadian dollar which sagged to 3-1/2-year lows after the Bank of Canada issued a dovish policy statement, highlighting the risks of undesirably weak inflation. The euro was steady at $1.3585, having bounced from a trough of $1.3527 on Wednesday. Service sector data had showed activity in Italy and France shrinking in November but expanding in Spain and Germany, highlighting the divergence in the bloc. There was more good news for Spain as Moody's upgraded its credit outlook to stable from negative, citing a rebalancing of and a brighter medium-term view for the country's economy.
SELL EUR/INR BELOW 84.80 TGTS 84.67, 84.50 SL 85.25. BUY EUR/INR ABOVE 85.52 TGTS 85.65, 85.84 SL 85.10.
YOUR MINTVISORY
The Reserve Bank of India said on Wednesday it accepted all 8 bids for 10.26 billion rupees at its one-day reverse repo auction through which it absorbs excess liquidity from the banking system. It had accepted all 4 bids for 8.74 billion rupees at its one-day repo auction through which it injects liquidity into the banking system. Indian banks' refinancing with RBI falls to 169.75 billion rupees. Indian banks' cash balances with RBI rise to 3.28 trillion rupees.
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DAILY REPORT 05th DECEMBER. 2013
CALL REPORT PERFORMANCE UPDATES
Date
Commodity/ Currency
Contract
Strategy
Entry Level
Target
Stop Loss
Remark
04/12/13
MCX GOLD
FEB
BUY
29290
29370-29470
29190
BOOKED FULL PROFIT
04/12/13
MCX GOLD
FEB
SELL
28870
28790-28690
28970
NOT EXECUTED
04/12/13
MCX SILVER
MAR
BUY
44550
44750-45050
44150
BOOKED FULL PROFIT
04/12/13
MCX SILVER
MAR
SELL
43750
43550-43150
44050
SL TRIGGERED
04/12/13
NCDEX CASTOR SEED
JAN.
SELL
4330
4300-4260
4380
SL TRIGGERED
04/12/13
NCDEX CASTOR SEED
JAN.
BUY
4365
4395-4435
4325
BOOKED PROFIT
04/12/13
NCDEX DHANIYA
DEC.
BUY
7550
7580-7620
7500
NOT EXECUTED
04/12/13
NCDEX DHANIYA
DEC.
SELL
7440
7410-7370
7490
BOOKED FULL PROFIT
04/12/13
GBP/INR
DEC.
SELL
102.21
102.02-101.77
102.76
NO PROFIT NO LOSS
04/12/13
GBP/INR
DEC.
BUY
103.02
103.18-103.48
102.50
SL TRIGGERED
04/12/13
JPY/INR
DEC.
SELL
60.74
60.55-60.26
61.30
NOT EXECUTED
04/12/13
JPYINR
DEC.
BUY
61.27
61.42-61.57
60.81
BOOKED PROFIT
Date
Scrip
CASH/FUTURE Strategy
Entry Level
Target
Stop Loss
Remark
04/12/13
NIFTY
FUTURE
BUY
6240-6250
6280-6300
6210
SL TRIGGERED
04/12/13
MCLOED RUSSEL
FUTURE
BUY
300-302
308-314
294
CLOSED AT LOSS
04/12/13
PETRONET
FUTURE
BUY
134-136
138-140
132
NO PROFIT NO LOSS
04/12/13
PATEL ENG.
CASH
BUY
54
58-62
50
BOOKED PROFIT
03/12/13
NIFTY
FUTURE
BUY
6240-6250
6280-6300
6210
SL TRIGGERED
02/12/13
NIFTY
FUTURE
BUY
6240
6280-6350
6170
BOOKED PROFIT
US ECONOMIC REPORT TIME (ET)
REPORT
PERIOD
ACTUAL
CONSENSUSFORECAST
PREVIOUS
THURSDAY, DEC. 05 8:30 AM
WEEKLY JOBLESS CLAIMS
8:30 AM
GDP REVISION
10 AM
FACTORY ORDERS
11/30
N/A
N/A
3Q
3.1%
2.8%
OCT.
-0.7%
1.7%
FRIDAY, DEC. 06 8:30 AM
NONFARM PAYROLLS
NOV.
180,000
204,000
8:30 AM
UNEMPLOYMENT RATE
NOV.
7.2%
7.3%
8:30 AM
PERSONAL INCOME
OCT.
0.3%
0.5%
8:30 AM
CONSUMER SPENDING
OCT.
0.2%
0.2%
8:30 AM
CORE PCE PRICE INDEX
OCT.
0.1%
0.1%
9:55 AM
UMICH CONSUMER SENTIMENT INDEX
DEC.
74.0
72.0
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