DAILY REPORT 11th DECEMBER. 2013
Global markets at a glance Asian share markets were idling through another indecisive session on Wednesday as investors booked profits on a range of once-crowded positions, sending the dollar and Wall Street lower, while lifting the euro, bonds and gold. European shares slipped on Tuesday, weighed down by major Swiss stocks as a rally in the Swiss franc raised fresh concern about the country's exports. The pan-European FTSEurofirst 300 index fell 0.7 percent to 1,262.98 points. The Dow Jones industrial average fell 52.4 points or 0.33 percent, to 15,973.13, the S&P 500 lost 5.75 points or 0.32 percent, to 1,802.62 and the Nasdaq Composite dropped 8.261 points or 0.2 percent, to 4,060.49. Wall Street Update U.S. stocks were modestly lower on Tuesday on profittaking after the S&P 500 index climbed to a record in the prior session Wall Street falls after record; Fed remains in focus. Stocks slipped on Tuesday, a day after a record close on the S&P 500, with traders looking ahead to next week's Federal Reserve meeting in the absence of market-moving economic data. Previous day Roundup The market fell half a percent on profit booking on Tuesday after a 3% rally in previous three consecutive sessions. The 50-share NSE benchmark Nifty fell 31.05 points to 6,332.85 after hitting an intraday low of 6,307.55. The 30share BSE Sensex closed at 21,255.26, down 71.16 points. The broader markets, too, declined. The BSE Midcap was down 0.3% and Small-cap lost 0.7%. It was a consolidation day for the market. Index stats The Bankex and Bank Nifty both declined 1.78% & 1.84% respectively. Among the sartorial indices most of the sectors were down; Capital Goods [down 316.20pts], Oil & Gas [down 32.77pts], AUTO [down 11.03pts], PSU [down 155.16pts], Consumer Durables [down 53.59pts], Realty [down 20.76pts], , Power [down 71.40pts] and the index gained were; FMCG [up 55.71pts], , TECK [up 70.74pts], IT [up 175.12pts], Metals [up 90.05pts], Healthcare [up 38.08pts].
YOUR MINTVISORY
World Indices Index
Value
% Change
15,973.13
-0.33
S&P 500
1,802.62
-0.32
NASDAQ EURO STO FTSE 100
4,060.49 2,960.86 6,523.31
-0.20 -0.93 -0.55
Nikkei 225 Hong Kong
15,537.56 23,594.63
-0.47 -0.63
DJl
Top Gainers Company
CMP
Change
% Chg
TCS
2,087
82.15
+4.10
HEROMOTOCO
2,204
80.80
+3.81
SSLT
196.5
4.65
+2.42
873.05
20.15
+2.36
318
4.95
+1.58
CMP
Change
% Chg
136 1,099.75 97.40 1,159 166.10
17.45 47.15 3.90 42.70 5.50
-11.37 -4.11 -3.85 -3.55 -3.21
Prev. Close
Change
%Chg
AMARAJABAT
362.9
15.05
+4.33
BHARATFORG
320.55
5.60
+1.78
CROMPGREAV
134.85
0.35
-0.26
ESCORTS
129.5
1.40
-1.07
HEROMOTOCO
2,204
80.80
+3.81
Prev. Close
Change
%Chg
48.25 171.1
1.60 0.00
-3.21 0.00
CMP
Change
% Chg
6,332.85 21,256.25
-31.05 -71.16
-0.49 -0.33
LUPIN ITC
Top Losers Company
NTPC LT POWERGRID ICICBANK BHEL
Stocks at 52 Week’s high Symbol
Stocks at 52 Week’s Low Symbol
DSKULKARNI HERITGFOOD
Indian Indices Company NIFTY SENSEX
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DAILY REPORT 11th DECEMBER. 2013
EQUITY CASH & FUTURE
STOCK RECOMMENDATIONS [FUTURE] 1. LUPIN
STOCK RECOMMENDATION [CASH] 1. SASKEN COMMUNICATION
LUPIN FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it continues to sustain above 880, We advise buying above 880 levels with strict stop loss 870 for the targets of 890-900 levels.
SASKEN COMMUNICATION is looking strong on charts. We advise buying above 176 levels with strict stop loss of 166 for the targets of 186-196 levels.
2. VOLTAS
MACRO NEWS IOC tops Fortune India 500 list; RIL at second spot. IOC was the biggest with annual revenue of Rs 4,75,867 cr, followed by Reliance Industries (RIL) with a full-year revenue of Rs 4,09,883 cr. India exported about 12 lakh tonnes of sugar in the marketing year 2012-13. In the current marketing year, the country had exported about 1.5 lakh tonnes of sugar till October . India’s Consumer Price Index and Industrial Production Date to be announced on 12 December. Domestic cooking gas (LPG) price was today hiked by Rs 3.46 per cylinder after the government raised the commission paid to dealers by over 9 percent. Indian and Iranian officials are meeting this week to discuss how to unlock the first oil payments to Iran since the United States and other world powers eased sanctions last month in exchange for curbs to Tehran's nuclear program. Indian banks' refinancing with RBI rises to 242.66 billion Rupees. Indian banks' cash balances with RBI rise to 3.19 trillion rupees.
VOLTAS FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it continues to sustain above 125 We advise buying around 124-125 levels with strict stop loss of 120 for the targets of 128-130 .
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DAILY REPORT FUTURE & OPTION
11th DECEMBER. 2013
STOCKS IN NEWS ONGC to appeal in Supreme Court against Gujarat HC order. Coal India issues work order to set up 4 washeries L&T Shipbuilding gets Rs 943cr order from Qatar firm Etihad Airways doubles India flights, triples number of seats Reliance Communications mulling $1bn debt issue. Govt. to sell Hindustan Zinc stake through auction route, Cabinet note soon.
MOST ACTIVE PUT OPTION Symbol
Option Type
Strike Price
LTP
Traded Volume (Contracts)
Open Interest
NIFTY
PE
6,300
56.70
2,53,847
36,87,100
NIFTY
PE
6,200
31.00
2,24,236
49,56,300
NIFTY
PE
6,100
16.75
1,58,191
44,09,550
BANK NIFTY
PE
11,000
48.00
15,269
2,82,125
SBIN
PE
1,800
29.00
3,920
2,74,750
RELIANCE
PE
880
12.40
2,300
1,99,750
TCS
PE
2,000
9.50
2,031
1,69,875
DLF
PE
160
6.35
2,021
6,16,000
Strike Price
LTP
Traded Volume (Contracts)
Open Interest
NIFTY FUTURE
MOST ACTIVE CALL OPTION Symbol
Option Type
NIFTY
CE
6,400
70.30
3,32,926
54,73,600
NIFTY
CE
6,500
33.45
3,05,717
53,45,200
NIFTY
CE
6,600
13.10
1,79,116
41,28,400
BANKNIFTY
CE
12,500
79.50
26,363
2,58,775
SBIN
CE
1,900
33.60
5,412
3,55,500
RELIANCE
CE
900
12.10
5,006
7,47,250
TCS
CE
2,100
39.00
4,398
1,93,500
NTPC
CE
140
3.15
3,926
29,24,000
INFY
CE
3,400
51.65
2,706
1,56,000
Nifty Future closed in the green in the last trading session. We advise selling around 6350-6330 with strict stop loss of 6300 for the targets of 6380-6420 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
53208
1679.72
47450
1496.46
560937
17799.30
183.26
INDEX OPTIONS
322523
10046.29
370265
11507.16
1685052
53203.29
-1460.86
STOCK FUTURES
64253
1847.22
87053
2538.65
1142529
32244.68
-691.43
STOCK OPTIONS
33857
973.83
34698
992.26
46190
1259.16
-18.43
TOTAL
-1987.46
INDICES NIFTY
S2
S1
PIVOT
R1
R2
6279.51
6306.18
6334.21
6360.88
6388.91
NIFTYJUNIOR
12373.63
12431.71
12514.63
12572.71
12655.63
BANK NIFTY
11602.78
11723.11
11895.28
12015.61
12187.78
YOUR MINTVISORY
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DAILY REPORT 11th DECEMBER. 2013
COMMODITY MCX
RECOMMENDATIONS SILVER
TRADING STRATEGY: BUY SILVER ABOVE 45650 TGTS 45900/46200 SL 45350 SELL SILVER BELOW 45150 TGTS 44900/44600 SL 45450 GOLD
COMMODITY ROUNDUP Silver prices moved up by 1.81 per cent to Rs 45,849 per kg in futures market yesterday as speculators created fresh positions on higher global trend. At the MCX, silver for delivery in May rose by Rs 813, or 1.81 per cent, to Rs 45,849 per kg in business turnover of 149 lots. March silver gained Rs 756, or 1.71 per cent, to Rs 44,916 per kg in 6,957 lots. Fresh positions built up by speculators on the back of a higher global trend mainly led to rise in silver prices at futures trade. Meanwhile, silver added 0.5 per cent to $19.95 an ounce in Singapore. Gold prices rose by 0.83 per cent to Rs 29,324 per ten grams in futures trade yesterday as speculators created fresh positions, tracking a firm global trend. At the MCX, gold for delivery in April rose by Rs 239, or 0.83 per cent, to Rs 28,650 per ten grams in a business turnover of 91 lots. February gold added Rs 207, or 0.71 per cent, to Rs 29,117 per ten grams in 3,919 lots. Speculators created fresh positions, tracking a firm global trend as the dollar extended its decline and investors assessed whether the Federal Reserve will pare stimulus after hints of a reduction from policy makers, mainly influenced gold prices at futures trade. Meanwhile, gold advanced 0.6 per cent to $1,247.40 an ounce in Singapore. Copper prices rose by 0.52 per cent to Rs 453.90 per kg in futures trade yesterday as speculators built-up fresh positions supported by pick up in demand from consuming industries in the spot market. At the MCX, copper for delivery in April rose by Rs 2.35, or 0.52 per cent, to Rs 453.90 per kg in business turnover of 280 lots. February copper traded higher by Rs 2.15, or 0.48 per cent, to Rs 447.95 per kg in 8,750 lots.
TRADING STRATEGY: BUY GOLD ABOVE 29600 TGTS 29900/30200 SL 29300 SELL GOLD BELOW 29300 TGTS 29100/28800 SL 29600
YOUR MINTVISORY
Nickel prices rose by 0.54 per cent to Rs 857.50 per kg in futures trade yesterday, amid pick up in domestic demand and firm global trend. At the MCX nickel for delivery in December rose by Rs 4.60, or 0.54 per cent, to Rs 857.50 per kg in business turnover of 4,020 lots. January nickel gained Rs 4.60, or 0.53 per cent, to Rs 865.50 per kg in 197 lots. Besides pick up in domestic demand, firm global trend mainly led to rise in nickel prices at futures trade.
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DAILY REPORT 11th DECEMBER. 2013
NCDEX
RECOMMENDATIONS CASTORSEED
NCDEX INDICES Index
Value
% Change
Barley
1376.5
-0.25
Castor Seed
4601
+2.84
Chana
2832
-3.05
Chilli
6890
+2.23
Coriander
7422
-1.84
Cotton Seed Oilcake
1405
-1.61
Jeera
125.1
-0.54
Mustard seed
3635
-1.94
710.25
+0.11
4780
-3.78
Ref Soya Oil Turmeric BUY CASTORSEED ABOVE 4615 TGTS 4645/4695 SL 4565 SELL CASTORSEED BELOW 4430 TGTS 4400/4350 SL 4480 DHANIYA
NCDEX ROUNDUP India's palm oil imports could drop about seven per cent in November, their first monthly decline since August, on weaker demand at the start of the cold weather that solidifies the oil and makes it unusable. India's vegetable oil marketing year runs from November to October. From July onwards, government started selling wheat stock held in the Food Corporation of India (FCI) through weekly tenders to bulk buyers. It aims to sell a total of 8.5 million tonnes of wheat by end of March, 2014 at base price of Rs 1,500 per quintal plus the freight depending on the location. Crude palm oil prices fell by Rs 1.60 to 565.40 per kg in futures trade yesterday as speculators reduced their exposures largely on subdued spot demand. At the MCX, crude palm oil for January delivery shed Rs 1.60, or 0.28 per cent, to Rs 565.40 per 10 kg with a turnover of 212 lots.
SELL DHANIYA BELOW 7410 TGTS 7380,7330 SL 7460 BUY DHANIYA ABOVE 7660 TGTS 7690,7740 SL 7610
YOUR MINTVISORY
Potato prices edged higher by 0.49 per cent to Rs 939.60 per quintal in futures market yesterday on speculators increasing their positions driven by firming spot markets trend amid restricted arrivals. At the MCX potato for delivery in March traded higher by Rs 4.60, or 0.49 per cent, to Rs 939.60 per quintal, with a business turnover of 49 lots.
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DAILY REPORT 11th DECEMBER. 2013
CURRENCY
RBI Reference Rate Currency
Rate Currency
Rupee- $
61.2070 Yen-100
Euro
84.1510 GBP
GBP/INR
Rate
59.2900 100.6488
CURRENCY ROUNDUP The Indian rupee edged higher on Tuesday as gains in the euro and lower demand for dollars from oil firms helped offset falls in domestic shares as the impact of the strong showing by the key opposition party in state elections started to fade. The Reserve Bank of India on Tuesday accepted all 13 bids for 92.81 billion rupees at its one-day reverse repo auction through which it absorbs excess liquidity into the banking system. It also accepted all 32 bids for 237.28 billion rupees at its one-day repo auction through which it injects liquidity into the banking system.
SELL GBP/INR BELOW 100.55 TGTS 100.33, 100.15 SL 100.99. BUY GBP/INR ABOVE 101.25 TGTS 101.48,101.73 SL 100.80. EUR/INR
SELL EUR/INR BELOW 84.14 TGTS 83.99, 83.82 SL 84.55. BUY EUR/INR ABOVE 84.68 TGTS 84.83, 85.01 SL 84.27.
YOUR MINTVISORY
Traders are now focused on the upcoming November trade data, due sometime this week, for near-term direction, with consumer inflation data due out on Thursday, which will help set expectations ahead of the Reserve Bank of India's policy review on Dec. 18. The central bank has raised interest rates by a total of 50 basis points over September and October despite slowing economic growth. The partially convertible rupee closed at 61.04/05 per dollar compared to 61.13/14 on Monday. The unit moved in a range of 60.97 to 61.2950 during the day. Gains tracked a stronger euro, which hit a five-year peak against the yen and a six-week high against the dollar on Tuesday, as expectations for further near-term stimulus from the European Central Bank faded. Some of the recent large dollar demand from state-run oil firms also faded late in the session allowing the rupee to recover some ground. The dollar wobbled near a six-week low against a basket of currencies on Wednesday, hampered by a growing view that the Federal Reserve needs more positive economic data before it decides to start reducing its monetary stimulus. The rupee gained even as shares retreated from record highs hit on Monday as investors booked profits in blue chips. In the offshore nondeliverable forwards, the one-month contract was at 61.44 while the three-month was at 62.31.
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DAILY REPORT 11th DECEMBER. 2013
CALL REPORT PERFORMANCE UPDATES
Date
Commodity/ Currency
Contract
Strategy
Entry Level
Target
Stop Loss
Remark
10/12/13
MCX GOLD
FEB
BUY
29120
29200-29300
29020
NOT EXECUTED
10/12/13
MCX GOLD
FEB
SELL
28910
28830-28730
29010
NOT EXECUTED
10/12/13
MCX SILVER
MAR
BUY
44510
44710-45010
44210
BOOKED FULL PROFIT
10/12/13
MCX SILVER
MAR
SELL
43900
43700-43400
44200
NOT EXECUTED
10/12/13
NCDEX CASTOR SEED
JAN.
SELL
4430
4400-4350
4480
NOT EXECUTED
10/12/13
NCDEX CASTOR SEED
JAN.
BUY
4500
4530-4580
4450
BOOKED FULL PROFIT
10/12/13
NCDEX DHANIYA
DEC.
SELL
7470
7440-7390
7250
BOOKED PROFIT
10/12/13
JPY/INR
DEC.
SELL
59.01
58.84-58.68
59.30
NOT EXECUTED
10/12/13
JPY/INR
DEC.
BUY
60.35
60.51-60.74
59.95
NOT EXECUTED
10/12/13
EUR/INR
DEC.
SELL
83.70
83.56-83.41
84.10
NOT EXECUTED
10/12/13
EURINR
DEC.
BUY
84.42
84.62-84.85
84.02
BOOKED PROFIT
Date
Scrip
CASH/FUTURE
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
2 pm
Federal budget
8:30 am 8:30 am 8:30 am 8:30 am 10 am
Weekly jobless claims Retail sales Retail sales ex-autos Import price index Business inventories
8:30 am 8:30 am
Producer price index Core PPI
PERIOD
ACTUAL
WEDNESDAY, DEC. 11 Nov. THURSDAY, DEC. 12 12/7 Nov. Nov. Nov. Oct. FRIDAY, DEC. 13 Nov. Nov.
CONSENSUSFORECAST
PREVIOUS
--
-$172 bln
N/A 0.3% 0.2% -0.8% 0.3%
N/A 0.4% 0.2% -0.7% 0.6%
0.1% 0.1%
-0.2% 0.2%
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