DAILY REPORT 16th JANUARY. 2013
Global markets at a glance Asian stock markets enjoyed a strong rebound on Wednesday following the previous day's sell-off after upbeat US data saw Wall Street chalk up its strongest performance of the new year. Hong Kong's Hang Seng rose 0.47 percent or 106.99 points at 22,898.27 and Japan's Nikkei gained 1.65 percent or 253.96 points at 15,676.36. Singapore's Straits Times was up 0.51 percent or 15.84 points at 3,139.59 and South Korea's Seoul Composite jumped 0.40 percent or 7.73 points at 1,953.80. Taiwan's Taiwan Weighted added 0.66 percent or 56.27 points at 8,604.41 while China's Shanghai Composite shed 0.26 percent or 5.20 points at 2,021.64.
World Indices
Wall Street Update U.S. stocks rose on Wednesday, with the S&P 500 hitting a record high after strong earnings from Bank of America and data pointed to improvement in the economy. Bank of America Corp shares climbed 2.7 percent to $17.22 and gave one of the biggest boosts to the S&P 500 after the second-largest U.S. bank said its quarterly profit surged by nearly $3 billion, as revenue increased and mortgage losses plunged in the clearest sign yet that the bank was shaking off the impact of the financial crisis. Previous day Roundup It was a spectacular rally on Dalal Street with major support by rate sensitive as December wholesale price index (WPI) eased to a 5-month low. The Nifty ended above the 6300-level, first time after January. The Nifty closed at 6320.90, up 79.05 points. The Sensex gained 256.61 points at 21289.49. About 1352 shares advanced, 1276 shares declined, and 309 shares were unchanged. Larsen, HDFC, Sesa Sterlite, BHEL and ICICI Bank are top gainers in the Sensex. Index stats The Market was UP in yesterday session where Bankex and Bank Nifty both closed almost flat (up 1.59% and up 1.61% respectively). Among the sartorial indices almost the sectors which were down are; Consumer Durables [down-42.42 pts], Healthcare [down-1.70 pts], and the index advanced were Capital Goods [up187.91 pts], AUTO [up 145.69pts], PSU [up 68.19 pts], Oil & Gas [up 32.41 pts], Metals [up 104.25 pts], Power [up 32.25 pts], IT [up 66.76pts],
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Index
Value
% Change
16,481.94
+0.66
1,848
+0.52
NASDAQ EURO STO FTSE 100
4,214.88 3,168.75 6,819.88
+0.76 +1.58 +0.78
Nikkei 225 Hong Kong
15,877.07 23,085.14
+0.43 +0.80
DJl S&P 500
Top Gainers Company
CMP
Change
% Chg
ULTRACEMCO
1,710.00
62.00
3.76
BANKBARODA
643
22.55
3.63
SSLT
198.25
5.70
2.96
NMDC
142.15
3.85
2.78
PNB
616.35
2.64
2.64
CMP
Change
% Chg
420.05 326 927.85 327.25 601.95
-9.90 -4.45 -6.50 -0.95 -1.60
-2.3 -1.35 -0.7 -0.29 -0.27
Prev. Close
Change
%Chg
INFY
3,718.00
31.25
0.85
UPL
207.70
3.30
1.59
TAKE
39.95
-1.20
-3.00
886.65
-6.65
0.75
11.15
-0.10
0.90
Prev. Close
Change
%Chg
CMP
Change
% Chg
6320.90 21289.49
79.05 256.61
1.27 1.22
Top Losers Company
RANBAXY CAIRN LUPIN BPCL SUNPHARMA
Stocks at 52 Week’s high Symbol
CADILAHC HINDSYNTEX
Stocks at 52 Week’s Low Symbol
--
Indian Indices Company NIFTY SENSEX
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DAILY REPORT 16th JANUARY. 2013
EQUITY CASH & FUTURE
STOCK RECOMMENDATIONS [FUTURE] 1. BANK OF BARODA FUTURES
STOCK RECOMMENDATION [CASH] 1. BHARTI AIRTEL
BUY BANK OF BARODA FUTURE ABOVE 636 TGT 642-650 SL 628 2. ITC FUTURES
BUY BHARTI AIRTEL CASH ABOVE 335 TGT 338-343 SL 331 MACRO NEWS Government defers Rs 15K-cr bond issue to contain fiscal
deficit government's cash position and funding requirement, it has been decided, in consultation with RBI Industry urges RBI to cut interest rate as inflation dips .WPI declined to a 5-month low of 6.16% in December, providing space to RBI to ease interest rates and prop up growth. Unitech in talks to sell 2 hotels in NCR for about Rs 600cr.the company has decided to sell two hotels and it is in talks with the potential buyers. India's fiscal deficit will be contained at 4.8 percent of the gross domestic product in the current fiscal year ending March, the finance minister said, hinting at possible cuts in government spending . China called on IMF member nations on Wednesday to stick to a commitment to give emerging markets more power at the global lender after U.S. lawmakers set back historic reforms that would give developing countries a greater say .
BUY ITC FUTURES ABOVE 331 TGT 334-339 SL 327
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DAILY REPORT FUTURE & OPTION
16th JANUARY. 2013
STOCKS IN NEWS Government mulls Oil India picking up about 7% in Open IOC and ONGC picking up about 3% in IOC Interest Coal India declares Rs 29/share interim dividend Galena Biopharma signed agreement with Dr 73,30,000 Reddy's Labs to develop NeuVax in India: Reuters Liberty Shoes' Q3 net profit jumps to Rs 3.2 crore 42,23,100 versus Rs 1.8 crore (YoY 55,09,800 Unitech puts hotels, land on the block for Rs 1,000 cr 2,77,625 2,40,200 NIFTY FUTURE
MOST ACTIVE PUT OPTION Symbol
Option Type
Strike Price
LTP
Traded Volume (Contracts)
NIFTY
PE
6,200
29.3
4,38,160
NIFTY
PE
6,300
58.9
3,41,468
NIFTY
PE
6,100
13.7
2,76,019
BANKNIFTY
PE
10,500
32.5
17,972
BANKNIFTY
PE
11,000
148
17,287
BANKNIFTY
PE
10,800
86.05
10,587
92,975
INFY
PE
3,600
15.8
4,992
5,53,875
TCS
PE
2,250
14
4,762
4,16,875
MOST ACTIVE CALL OPTION Symbol
Option Type
Strike Price
LTP
Traded Volume (Contracts)
Open Interest
NIFTY
CE
6,300
85.7
5,17,226 49,07,750
NIFTY
CE
6,400
38.05
4,56,818 50,17,100
NIFTY
CE
6,500
14.1
2,54,962 38,73,500
BANKNIFTY
CE
11,500
81.4
35,027
3,27,975
BANKNIFTY
CE
11,200
180.1
22,936
2,22,075
BANKNIFTY
CE
12,000
17.05
13,515
3,66,125
SBIN
CE
1,700
19.8
7,744
7,56,125
SBIN
CE
1,650
37.55
7,418
6,19,125 BUY NIFTY ABOVE 6340 TGT 6360-6390 SL 6315
TCS
CE
2,200
58.60
1,357
1,70,000
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
32439
991.12
45692
1404.54
445711
13757.15
-413.42
INDEX OPTIONS
251597
7688.01
248633
7593.83
1211765
37587.93
94.18
STOCK FUTURES
52637
1711.24
52753
1714.47
1039748
32588.36
-3.23
STOCK OPTIONS
42047
1334.65
41368
1299.13
80533
2624.74
35.52
TOTAL
286.94
INDICES NIFTY
S2
S1
PIVOT
R1
R2
6205.91
6223.88
6252.11
6270.08
6298.31
NIFTYJUNIOR
12494.51
12527.63
12571.26
12604.38
12648.01
BANK NIFTY
10836.0
10892.45
10979.05
11035.5
11122.1
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DAILY REPORT 16th JANUARY. 2013
COMMODITY MCX
RECOMMENDATIONS SILVER
COMMODITY ROUNDUP MCX GOLDPETAL January contract was trading at Rs 2960 down Rs 4, or 0.13 percent. The GOLDPETAL rate touched an intraday high of Rs 2962 and an intraday low of Rs 2955. So far 4579 contracts have been traded. GOLDPETAL prices have moved down Rs 47, or 1.56 percent in the January series so far. MCX GOLDPETAL February contract was trading at Rs 2919 down Rs 5, or 0.17 percent. The GOLDPETAL rate touched an intraday high of Rs 2923 and an intraday low of Rs 2915. So far 1740 contracts have been traded. GOLDPETAL prices have moved down Rs 46, or 1.55 percent in the February series so far. MCX GOLDPETAL March contract was trading at Rs 2904 down Rs 6, or 0.21 percent. The GOLDPETAL rate touched an intraday high of Rs 2910 and an intraday low of Rs 2900. So far 763 contracts have been traded. GOLDPETAL prices have moved up Rs 6, or 0.21 percent in the March series so far.
TRADING STRATEGY: BUY SILVER ABOVE 44950 TGTS 45150/45450 SL 44600 SELL SILVER BELOW 44600 TGTS 44350/44000 SL 45000 GOLD
MCX Gold futures are in red, falling under Rs 29000 per 10 grams amid bearish global cues. The COMEX Gold futures have eased, failing to extend their recent gains. The yellow metal had topped a one-month high above $1250 per ounce but failed to hold on to these levels and dropped back today. The metal currently trades at $1248.90, down $2.20 per ounce on the day. The surge in US stocks overnight and gains in Asian and European indices today has pulled the yellow metal lower and the COMEX Gold is quoting at $1238.10, down $7.30 per ounce on the day. The MCX Gold futures are trading at Rs 28935, down Rs 161 per 10 grams on the day. The US Commerce Department said on Tuesday that retail sales gained 0.2% last month. For all of 2013, sales increased 4.2%. Sales excluding automobiles, gasoline, building materials and food services, increased 0.7% after a 0.2% rise in November. This boosted the US stocks as DOW added 100 points and also supported the US currency. The dollar gained from a near two week low of 1.3700 against the Euro.
TRADING STRATEGY: BUY GOLD ABOVE 29040 TGTS 29120/29220 SL 28920 SELL GOLD BELOW 28980 TGTS 28900/28800 SL 29100
YOUR MINTVISORY
The Dow Jones Industrial Average jumped nearly 16% while the broader S&P 500 index soared by nearly 30%- recording its biggest annual gain in 16 years. Japan's Nikkei 225 index soared by nearly 52% while UK's FTSE jumped 14% and Germany's DAX added an impressive 23%. India's S&P BSE Sensex soared to fresh all time highs above 21000 and ended the year with a handsome gain of 9% .
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DAILY REPORT 16th JANUARY. 2013
NCDEX
RECOMMENDATIONS CASTORSEED
NCDEX INDICES Index
Value
% Change
Castor Seed
4387
+3.98
Chana
3066
+0.99
Coriander
7753
+4.00
Cotton Seed Oilcake
1486
+2.84
12542.5
+0.10
Maize– Feed/ Industrial grade
1195
+0.67
Mustard seed
3505
-0.68
Soy Bean
3776
-0.36
Sugar M Grade
2806
+0.11
Turmeric
6352
+0.44
Jeera
BUY CASTORSEED FEB ABOVE 4480 TGTS 4510/ 4560 SL4430 SELL CASTORSEED FEB BELOW 4400 TGTS 4380/4330 SL4450
DHANIYA
NCDEX ROUNDUP Agriculture Minister Sharad Pawar on Wednesday said the country's foodgrain production this year is likely to surpass the previous record of 259.29 million tonnes achieved in the 2011-12 crop year. Jeera futures jumped on Wednesday lead by short covering at lower side. The NCDEX Jeera for the March delivery ended the day at Rs 12,535, up Rs 60 or 0.48% over the last close. Latest data indicates that the acreage under Jeera stands at 397,300 hectares in Gujarat- the prominent producing state. This is up nearly 50% compared to last year when the crop suffered a setback. Traders estimated that the current year Jeera production is estimated to be around 45 lakh bags in the current year, up almost 10 lakh bags from the year.
BUY DHANIYA FEB ABOVE 8150 TGTS 8180 / 8230 SL 8100 SELL DHANIYA FEB BELOW 8010 TGTS 7980 / 7930 SL 8060
YOUR MINTVISORY
The latest data compiled by commodityinsights.com on 15th January 2014 estimated that the Jeera stocks at 7 lakh bags against 9-10 lakh bags in the same period of last year. Traders are expecting that exports of the commodity should rise in coming months amidst reports of lower production in Turkey and Syria. Call us at +91-731-6642300
DAILY REPORT 16th JANUARY. 2013
CURRENCY
RBI Reference Rate Currency
Rate Currency
Rupee- $
61.5885 Yen-100
Euro
83.9915 GBP
USD/INR
Rate
58.9900 101.0914
CURRENCY ROUNDUP The greenback moved higher against most major currencies on Wednesday after better-than-expected U.S. economic indicators and an upbeat take on the economy from the Federal Reserve fueled expectation for monetary stimulus programs to continue unwinding this year. In U.S. trading on Wednesday, EUR/USD was down 0.56% at 1.3602. The dollar firmed against the euro and most other major currencies after data revealed that manufacturing activity in the New York State expanded at the fastest pace since May 2012 this month. The Federal Reserve Bank of New York said that its general business conditions index jumped to 12.51 in January from an upwardly revised 2.22 in December. Analysts were expecting the index to rise to only 3.75.
USD/INR SELL BELOW 61.56 TGTS 61.43, 61.30 SL 61.91 USD/INR BUY ABOVE 61.95 TGTS 62.10, 62.25 SL 61.60 EUR/INR
EUR/INR SELL BELOW 83.95 TGTS 83.82, 83.67 SL 84.30 EUR/INR BUY ABOVE 84.33 TGTS 84.50, 84.66 SL 83.98
YOUR MINTVISORY
The U.S. producer price index rose 0.4% in December, the biggest increase since June, recovering from a 0.1% decline in November and was 1.2% higher from a year earlier. Core PPI was up 0.3% in December and rose 1.4% on a year-over year basis, compared to expectations for a monthly increase of 0.1% and an annual gain of 1.3%. The solid data convinced investors that the Federal Reserve will continue winding down its USD75 billion in monthly bond purchases in the coming months. Bond purchases weaken the dollar by driving down long-term interest rates, and talk of their dismantling tends to strengthen the greenback. Wednesday's economic indicators were the latest convincing investors that the poor December jobs report was likely a hiccup on the road to recovery. On Tuesday, the Commerce Department reported that U.S. retail sales rose 0.2% in December, beating expectations for a 0.1% increase. Core retail sales, which exclude automobile sales, expanded by 0.7% in December, well above forecasts for a 0.4% increase. The figure convinced investors to look past data revealing the U.S. economy added 74,000 jobs in December, well below expectations for a 196,000 increase. Also giving the dollar support, the Federal Reserve released its Beige Book earlier, which said the U.S. economy continues to expand at a moderate pace
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DAILY REPORT 16th JANUARY. 2013
CALL REPORT PERFORMANCE UPDATES
Date
Commodity/ Currency Pairs
Contract
Strategy
Entry Level
Target
Stop Loss
Remark
15/01/14
MCX GOLD
FEB.
BUY
29250
29330-29430
29150
NOT EXECUTED
15/01/14
MCX GOLD
FEB.
SELL
28980
28900-28800
29100
BOOKED PROFIT
15/01/14
MCX SILVER
MAR.
BUY
45250
45450-45750
44850
NOT EXECUTED
15/01/14
MCX SILVER
MAR.
SELL
44600
4350-44000
45000
BOOKED PROFIT
15/01/14
NCDEX CASTOR SEED
FEB.
BUY
4410
4440-4500
4360
BOOKED PROFIT
15/01/14
NCDEX CASTOR SEED
FEB.
SELL
4310
4280-4230
4460
NOT EXECUTED
15/01/14
NCDEX DHANIYA
FEB.
BUY
7930
7960-8010
7880
SL TRIGGERED
15/01/14
NCDEX DHANIYA
FEB.
SELL
7820
7790-7740
7930
NOT EXECUTED
15/01/14
EUR/INR
JAN.
SELL
84.09
8394-83.72
84.44
BOOKED PROFIT
15/01/14
EUR/INR
JAN.
BUY
84.57
84.72-84.94
84.44
NOT EXECUTED
15/01/14
USD/INR
JAN.
SELL
61.50
61.38-61.18
61.85
NOT EXECUTED
15/01/14
USD/INR
JAN.
BUY
62.04
62.20-62.40
61.90
NOT EXECUTED
Date
Scrip
CASH/ FUTURE/ OPTION
Strategy
Entry Level
Target
Stop Loss
Remark
06/01/14
NIFTY
FUTURE
BUY
6230
6280-6320
6200
BOOKED FULL PROFIT
15/01/14
ADANIENT.
FUTURE
BUY
245
250-255
241
BOOKED PROFIT
15/01/14
CESC
FUTURE
BUY
460
465-472
455
BOOKED PROFIT
15/01/14
SKS MICRO
CASH
BUY
186
192-198
180
CALL OPEN
14/01/14
NIFTY
FUTURE
BUY
6250
6300-6350
6200
BOOKED PROFIT
14/01/14
APPOLO TYRE
FUTURE
BUY
117
120-122
115
CALL OPEN
14/01/14
BHARAT FORGE
FUTURE
BUY
345
352-358
337
SL TRIGGERED
09/01/14
GRAVITA
CASH
BUY
46
50-54
41
CALL OPEN
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DAILY REPORT 16th JANUARY. 2013
ECONOMIC CALENDAR
NEXT WEEK'S U.S. ECONOMIC REPORTS TIME (ET)
REPORT
PERIOD
ACTUAL
CONSENSUS FORECAST
PREVIOUS
MONDAY, JAN .13 2 PM
FEDERAL BUDGET
DEC.
--
-$1 BLN
10 am
Factory orders
Nov.
1.6%
-0.9%
TUESDAY,JAN .14 8:30 AM
RETAIL SALES
DEC.
-0.1%
0.7%
8:30 AM
RETAIL SALES EX-AUTOS
DEC.
0.4%
0.4%
8:30 AM
IMPORT PRICE INDEX
DEC.
0.5%
-0.6%
10 AM
BUSINESS INVENTORIES
NOV.
0.3%
0.7%
0.4%
-0.1%
WEDNESDAY, JAN.15 8:30 AM
PRODUCER PRICE INDEX
DEC
.
8:30 AM
CORE PPI
DEC.
0.2%
0.1%
8:30 AM
EMPIRE STATE INDEX
JAN.
4.3
1.0
THURSDAY, JAN.16 8:30 AM
WEEKLY JOBLESS CLAIMS
1/11
N/A
330,000
8:30 AM
CONSUMER PRICE INDEX
DEC.
0.3%
0.0%
8:30 AM
CORE CPI
DEC.
0.1%
0.2%
10 AM
HOME BUILDERS' INDEX
JAN.
N/A
58
10 AM
PHILLY FED
JAN.
9.4
7.0
FRIDAY, JAN.17 8:30 AM
HOUSING STARTS
DEC.
1.01 MLN
1.091 MLN
9:15 AM
INDUSTRIAL PRODUCTION
DEC.
0.2%
1.1%
9:15 AM
CAPACITY UTILIZATION
DEC.
79.0%
79.0%
9:55 AM
UMICH CONSUMER SENTIMENT INDEX
JAN.
85.0
82.5
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