DAILY REPORT 16th DECEMBER. 2013
Global markets at a glance European shares were holding at two-month lows on Friday and are set for their worst fortnight since June. The FTSEurofirst 300 index of top European shares lost 0.2 percent, to 1,242.68 points, after hitting a two-month low earlier in the session. The benchmark index, which was up 15 percent on the year at the end of November, has dropped about 4.8 percent since then, its biggest decline in six months. Hong Kong and China shares rebounded by midday on Friday, trimming the first weekly loss for mainland markets in a month as investors awaited news of China's 2014 growth target from an economic planning conference. On Friday, five Chinese banks sold a total of 15 billion yuan ($2.47 billion) of negotiable certificates of deposits (NCDs) in the next step towards relaxing China's control over rates Wall Street Update Wall Street ends flat on Friday. Stocks ended Friday's session little changed after a three-day drop. The Dow Jones industrial average rose 15.93 points or 0.1 percent, to end at 15,755.36. The S&P 500 dipped a mere 0.18 of a point or 0.01 percent, to finish at 1,775.32. The Nasdaq Composite added 2.572 points or 0.06 percent, to close at 4,000.975. Previous day Roundup Rate hike fears spooked the market. The Sensex declined 191.08 points or 0.91 percent to 20,734.53, and the Nifty slipped 64.10 points or 1.03 percent to 6,172.95. Stocks fell for a fourth consecutive day to come to pre-exit poll levels after a pickup in retail inflation to its fastest pace on record was seen forcing India's central bank to raise interest rates for a third time on Wednesday.
World Indices Index
Value
% Change
15,755.36
+0.10
S&P 500
1,775.32
-0.01
NASDAQ EURO STO FTSE 100
4,000.98 2,921.92 6,439096
+0.06 -0.21 -0.08
Nikkei 225 Hong Kong
15,403.11 23,245.96
+0.40 +0.12
DJl
Top Gainers Company
CMP
Change
% Chg
TATAMOTORS
370.30
9.85
+2.73
WIPRO
519.95
9.30
+1.82
M&M
954.00
12.20
+1.30
COALINDIA
283.75
2.75
+0.98
TATASTEEL
416.45
3.70
+0.90
CMP
Change
% Chg
51.35 154.70 1,089.05 1,800.00 417.65
2.85 6.55 43.55 71.40 15.95
-5.26 -4.06 -3.85 -3.82 -3.43
Prev. Close
Change
%Chg
412.05
19.60
+4.99
97.80
4.5
+4.82
1,184.5
3.75
+0.32
180
4.20
+2.39
677.4
5.35
+0.80
Prev. Close
Change
%Chg
212.1 272.55
2.65 20.60
-1.23 -7.03
CMP
Change
% Chg
6,168.40 20,715.58
-210.03 -68.65
-1.00 -1.10
Top Losers Company
JPASSOCIAT BHEL ICICIBANK ULTRACEMCO INDUSINDBK
Stocks at 52 Week’s high Symbol
BFUTILITIE DELTACORP HCLTECH SASKEN SKF INDIA
Index stats The Bankex and Bank Nifty both declined 2.25% & 2.31% respectively. Among the sartorial indices all the sectors were down; Capital Goods [down 186.43pts], Oil & Gas [up pts], AUTO [down 19.31pts], PSU [down 81.78pts], Consumer Durables [down 52.98pts], FMCG [down 43.43pts], Metals [down 61.08pts], Realty [down 28.69pts], TECK [down 9.09pts], Power [down 37.00pts], and Healthcare [down 44.94pts], the index up was IT [up 0.14pts].
YOUR MINTVISORY
Stocks at 52 Week’s Low Symbol
BAJAJCORP JETAIRWAYS
Indian Indices Company NIFTY SENSEX
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DAILY REPORT 16th DECEMBER. 2013
EQUITY CASH & FUTURE
STOCK RECOMMENDATIONS [FUTURE] 1. TATA MOTORS
STOCK RECOMMENDATION [CASH] 1. BF UTILITIES
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 370, We advise buying around 368-372 levels with strict stop loss 360 for the targets of 378-384.
BF UTILITIES is looking strong on charts. We advise buying around 410-415 levels with strict stop loss of 400 for the targets of 425-440 levels.
2. AURO PHARMA
MACRO NEWS Wholesale Price Index will be announced tOday at 11:30 AM. Railways have registered a shortfall in revenue to the tune of Rs 4121.49 crores during the first half of the current financial year from April to September. The Government of India is likely to realize an amount of approximately Rs 2,000 crore from NHPC buyback offer. The buyback which opened on November 29 closed on December 12. The entire process would be completed by January 7, 2014. India industrial growth to remain weak for rest of 201314: CRISIL. Tata Motors emerged as the cheapest export-oriented stock based on 12-month forward earnings among the BSE index constituents, mainly due to increasing contribution in revenue and profits from its unit JLR. The markets would tread cautiously waiting for how the two key events this week unfold – FOMC meeting on December 17-18 and RBI meeting on December 18th. RIL protests against move to snatch away 5 gas discoveries.
AUROPHARMA FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it continues to sustain above 314, We advise buying above 314 levels with strict stop loss 309 for the targets of 318-324 levels. YOUR MINTVISORY
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DAILY REPORT FUTURE & OPTION
16th DECEMBER. 2013
STOCKS IN NEWS Essar Oil selling gas from coal seam at $ 9.16 to $ 11.63 while GEECL sells same at $ 8.46 to 22.01. Torrent Pharma acquires Elder’s domestic business for Rs 2000 crore. Sterlite to connect 150K homes with fiber by March 2014. LIC Housing Finance will meet bank licence norms. RIL to ramp up gas output from KG-D 6 RPower starts generation from Sasan UMPP second unit.
MOST ACTIVE PUT OPTION Symbol
Option Type
Strike Price
LTP
Traded Volume (Contracts)
Open Interest
NIFTY
PE
6,200
70.05
3,49,381
37,96,750
NIFTY
PE
6,100
34.45
3,06,609
48,49,350
NIFTY
PE
6,000
15.65
2,14,954
54,65,600
BANK NIFTY
PE
11,000 105.00
20,385
3,12,425
SBIN
PE
1,700
23.00
3,812
2,25,500
ICICIBANK
PE
1,100
32.90
2,694
1,77,750
DLF
PE
150
4.80
1,919
10,74,000
AXISBANK
PE
1,200
18.10
1,695
3,24,250
Strike Price
LTP
Traded Volume (Contracts)
Open Interest
NIFTY FUTURE
MOST ACTIVE CALL OPTION Symbol
Option Type
NIFTY
CE
6,300
36.5
4,11,076
69,98,800
NIFTY
CE
6,400
14.4
3,03,600
50,32,050
NIFTY
CE
6,200
78.05
2,65,191
33,32,100
BANKNIFTY
CE
12,000
64.00
31,154
4,26,325
SBIN
CE
1,900
6.75
6,507
6,34,250
JPASSOCIAT
CE
55
0.95
2,996
56,68,000
TCS
CE
2,100
11.00
4,200
5,10,750
DLF
CE
160
2.45
2,716
25,62,200
RELIANCE
CE
880
9.30
2,706
6,54,000
Nifty Future closed in the red in the last trading session. We advise selling below 6180 with strict stop loss of 6240 for the targets of 6150-6120 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
38762
1188.62
68387
2090.45
569875
17592.72
-901.83
INDEX OPTIONS
360041
11018.15
325036
10022.49
1708088
52513.73
995.66
STOCK FUTURES
41932
1218.79
67689
1894.57
1160411
31756.25
-675.78
STOCK OPTIONS
32702
897.63
33664
925.25
51161
1357.49
-27.61
TOTAL
-609.57
INDICES NIFTY
S2
S1
PIVOT
R1
R2
6195.18
6216.11
6251.48
6272.41
6307.78
NIFTYJUNIOR
12226.06
12267.63
12338.31
12379.88
12450.56
BANK NIFTY
11520.96
11578.23
11679.96
11737.23
11838.96
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DAILY REPORT 16th DECEMBER. 2013
COMMODITY MCX
RECOMMENDATIONS SILVER
COMMODITY ROUNDUP U.S. crude futures for January fell 90 cents to settle at $96.60 a barrel, after rising around $6 in the past two weeks. MCX Crude was taking resistance at 6110 and support at 5930. Intraday weakness could see only below 6005 region towards 5970/5940. However, inability to unscathed below 6005 region could keep prices higher to 6110/6155. U.S. Gold rose about 1 percent to $1,237 an ounce after a two-day fall, but sentiment remained fragile. A sideways trading seen in MCX GOLD Feb contract on Friday, although it closed at higher at 29432 or +0.72% from previous close. Previous week was a recovery period for gold, GOLD price is tacking immediate resistance at 29650 and support at 29150. for coming week market will be in sideways due to Christmas fest.
TRADING STRATEGY: BUY SILVER ABOVE 45050 TGTS 45300/45650 SL 44750 SELL SILVER BELOW 44500 TGTS 44250/43900 SL 44800 GOLD
Silver Prices had been pitching towards the major downside support if 43700-600 region, break below the same could prompt major selling bias towards 43250/42900 or even lower. On the other side silver has to close above 46000 for being in bullish trend. Prices look bearish after recent consecutive days of buying sentiments, however strike above 462.50 region could lift up prices further to 465/467.40 region. At the same time, failure to win above 462.5 region could call long liquidation pressure to 456 region. Gold held on to most of the previous session's sharp losses on Friday as strong U.S. retail data stoked fears of an early end to monetary stimulus and fund outflows accelerated. The metal is headed for its first annual decline in 13 years as investors, buoyed by a recovering global economy, direct more money towards riskier assets such as equities by pulling funds from safe-haven gold. Zinc futures prices on Friday fell 0.62% to Rs 121.10 per kg as participants reduced their positions. At MCX, zinc for delivery in December traded lower by 75 paisa, or 0.62%, to Rs 121.10 per kg, with a business turnover of 549 lots. The metal for delivery in January fell by 70 paisa, or 0.57%, to Rs 121.90 per kg in a turnover of 70 lots.
TRADING STRATEGY: BUY GOLD ABOVE 29500 TGTS 29580/29680 SL 29390 SELL GOLD BELOW 29250 TGTS 29170/29070 SL 29360 YOUR MINTVISORY
Nickel prices dropped 0.33% to Rs 869.70 per kg in futures trade On Friday after participants trimmed holdings tracking a weak trend overseas amid low demand from alloy-makers in the spot market.
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DAILY REPORT 16th DECEMBER. 2013
NCDEX
RECOMMENDATIONS CASTORSEED
NCDEX INDICES Index
Value
% Change
Barley
1438
+3.60
Castor Seed
4829
+1.68
Chana
2938
+1.59
Chilli
7308
+1.11
Coriander
7640
+3.92
Cotton Seed Oilcake
1427
+1.28
12800
+0.47
Mustard seed
3675
+0.19
Ref Soya Oil
695.6
-1.05
Turmeric
5090
+3.84
Jeera
BUY CASTORSEED JAN ABOVE 4880 TGT 4905,4940 SL 4840 SELL CASTORSEED JAN BELOW 4640 TGT 4615,4580 SL 4680
NCDEX ROUNDUP India Rabi acreage jumps 6.15% to 506.98 lakh hectares till Dec 12 Y/Y.
DHANIYA India's import of vegetable oil for November 2013 jumped by 35% to 944,309 tonnes from 700,371 tonnes in the same month last year. Coriander prices rose by 2.39% to Rs 7,528 per quintal in futures trade on Friday after speculators enlarged their holdings on firming spot markets trend. The trading sentiment improved further as a result of the limited stocks on account of restricted arrivals from the major growing belts. At NCDEX, coriander for December delivery rose by Rs 176, or 2.39% to Rs 7,528 per quintal with open interest of 1,380 lots.
BUY DHANIYA JAN ABOVE 8380 TGT 8405,8440 SL 8345 SELL DHANIYA JAN BELOW 7950 TGT 7925,7890 SL 7995
YOUR MINTVISORY
Soyabean prices dropped by Rs 89 to Rs 3,720 per quintal in trading on Friday as traders offloading holdings, tracking weak global cues. At the National Commodity and Derivatives Exchange, soyabean for far May contract slipped by Rs 89, or 2.34% to Rs 3,720 per quintal in open interest of 700 lots. Most active near January contract slide by Rs 27.50, or 0.72%, to Rs 3,769 per quintal, having an open interest of 1,28,680 lots.
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DAILY REPORT 16th DECEMBER. 2013
CURRENCY
RBI Reference Rate Currency
Rate Currency
Rupee- $
62.3896 Yen-100
Euro
84.7547 GBP
USD/INR
BUY USD/INR ABOVE 62.48 TGTS 62.62,62.75 SL 62.09. SELL USD/INR BELOW 62.21 TGTS 61.99,61.75 SL 62.60
Rate
61.1000 101.8011
CURRENCY ROUNDUP The Indian rupee fell and bond yields surged on Friday after retail inflation spiked to its highest on record, raising expectations for another rate hike by the central bank and adding to the woes of the embattled government. The rupee weakened as far as 62.28 to the dollar, a one-week low, and closed onshore trading at 62.125/135, a third day of losses. It had ended trade at 61.81/82 on Thursday. For the week, it fell 1.1 percent, after three successive weeks of gains. Bond yields surged, with the 10-year yield up 6 basis points at 8.91 percent. The dollar slipped against the yen after earlier hitting fiveyear highs. It last traded at 103.17 yen, down 0.2 percent on the day. The U.S. dollar hovered near a five-year high against the yen and rose against the euro on Friday, while global equity indexes slipped on growing concerns the U.S. Federal Reserve could surprise investors by scaling back its stimulus as early as next week.
EUR/INR Stronger-than-expected U.S. data and a budget deal in Washington have brightened the outlook for the U.S. economy but are causing jitters in equity markets, which have benefited from ample central bank liquidity. The current Thomson Reuters consensus among economists is still for the Fed to begin withdrawing stimulus in March. The dollar fell against the yen on Friday despite growing expectations for the Federal Reserve to begin scaling back its USD85 billion monthly asset-purchasing program as early as next week. Bottom fishing sent the yen posting gains against the dollar on Friday after hitting 5-year lows recently.
BUY EUR/INR ABOVE 85.64 TGTS 85.79, 85.92 SL 85.24. SELL EUR/INR BELOW 85.34 TGTS 85.18,84.97 SL 85.74.
YOUR MINTVISORY
In U.S. trading on Friday, USD/JPY was trading at 103.24, down 0.13%, up from a session low of 102.99 and off a high of 103.92. The yen was up against the pound and up against the euro, with GBP/JPY down 0.49% and trading at 168.20 and EUR/JPY trading down 0.38% at 141.67.
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DAILY REPORT 16th DECEMBER. 2013
CALL REPORT PERFORMANCE UPDATES
Date
Commodity/ Currency Pairs
Contract
Strategy Entry Level
Target
Stop Loss
Remark
13/12/13
MCX GOLD
DEC
BUY
29440
29520-29620
29340
NO PROFIT NO LOSS
13/12/13
MCX GOLD
DEC.
SELL
29130
29050-28950
29230
NOT EXECUTED
13/12/13
MCX SILVER
DEC
BUY
44900
45100-45400
44600
NO PROFIT NO LOSS
13/12/13
MCX SILVER
DEC
SELL
44220
44020-43720
44520
BOOKED PROFIT
13/12/13
NCDEX CASTOR SEED
JAN.
SELL
4700
4670-4620
4750
NOT EXECUTED
13/12/13
NCDEX CASTOR SEED
JAN.
BUY
4790
4820-4870
4740
BOOKED FULL PROFIT
13/12/13
NCDEX DHANIYA
JAN
BUY
7790
7820-7870
7740
BOOKED FULL PROFIT
13/12/13
NCDEX DHANIYA
JAN
SELL
7680
7650-7600
7730
NOT EXECUTED
13/12/13
GBP/INR
DEC.
SELL
101.07
101.52
NOT EXECUTED
13/12/13
GBP/INR
DEC.
BUY
101.77
101.32
BOOKED PROFIT
13/12/13
JPY/INR
DEC.
SELL
59.95
59.71-59.51
60.40
NOT EXECUTED
13/12/13
JPYINR
DEC.
BUY
60.46
60.61-60.85
60.00
NOT EXECUTED
Stop Loss
Remark
Date
Scrip
CASH/ FUTURE/ OPTION
Strategy
100.83100.61 101.92102.12
Entry Level Target
13/12/13
NIFTY
FUTURE
SELL
62756295
6225-6180
6335
NOT EXECUTED
13/12/13
TATA MOTORS
FUTURE
SELL
360
355-350
360
NOT EXECUTED
13/12/13
RECL
FUTURE
SELL
212
208.204
216
BOOKED PROFIT
13/12/13
JINDAL PHOTO
CASH
BUY
130-135
145-155
122
CALL OPEN
12/12/13
HCLTECH
FUTURE
BUY
1180
1200-1220
1160
CALL OPEN
11/12/13
SASKEN COMM
CASH
BUY
176
186-196
166
CALL OPEN
YOUR MINTVISORY
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DAILY REPORT 16th DECEMBER. 2013
ECONOMIC CALENDAR US ECONOMIC REPORT
TIME (ET)
REPORT
PERIOD
ACTUAL
CONSENSUSFORECAST
PREVIOUS
MONDAY, DEC. 16 8:30 AM
EMPIRE STATE INDEX
DEC.
4.0
-2.2
8:30 AM
PRODUCTIVITY REVISION
Q3
2.4%
1.9%
9:15 AM
INDUSTRIAL PRODUCTION
NOV.
0.5%
-0.1%
9:15 AM
CAPACITY UTILIZATION
NOV.
78.4%
78.1%
TUESDAY, DEC. 17 8:30 AM
CONSUMER PRICE INDEX
NOV.
0.1%
-0.1%
8:30 AM
CORE CPI
NOV.
0.1%
0.1%
8:30 AM
CURRENT ACCOUNT
Q3
--
-$99 BLN
10 AM
HOME BUILDERS' INDEX
DEC.
55
54
WEDNESDAY, DEC. 18 8:30 AM
HOUSING STARTS
NOV.
950,000
891,000 (AUG)
8:30 AM
BUILDING PERMITS
NOV.
1.00 MLN
1.04 MLN
2 PM
FOMC STATEMENT
2:30 AM
BERNANKE PRESS CONFERENCE THURSDAY, DEC. 19
8:30 AM
WEEKLY JOBLESS CLAIMS
12/14
N/A
N/A
10 AM
EXISTING HOME SALES
NOV.
5.05 MLN
5.12 MLN
10 AM
PHILLY FED
DEC.
10.0
6.5
10 AM
LEADING INDICATORS
NOV.
--
0.2%
3.6%
3.6%
FRIDAY, DEC. 20 8:30 AM
GDP REVISION
Q3 Disclaimer
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