DAILY REPORT 17th DECEMBER. 2013
Global markets at a glance The Dow Jones industrial average rose 129.21 points or 0.82 percent, to 15,884.57, the S&P 500 gained 11.22 points or 0.63 percent, to 1,786.54 and the Nasdaq Composite added 28.54 points or 0.71 percent, to 4,029.51. European shares rebounded on Monday from a four-day losing streak, led by a rise in German equities that helped offset concerns over future U.S. monetary policy. The panEuropean FTSEurofirst 300 index ended up 1.3% at 1,258.31 points, while the euro zone's blue-chip Euro STOXX 50 index rose by around 2% to 2,978.77 points. Asian shares got off to a promising start on Tuesday on the back of rising U.S. manufacturing output and a jump in euro zone business activity Wall Street Update US stocks rose on Monday after closing Friday their worst week since August as upbeat economic data from the United States and Europe boosted optimism ahead of a key Federal Reserve decision later in the week. In Tokyo, Nikkei futures advanced 0.8 percent, indicating a firmer open after shedding 1.6 percent to a 3-1/2 week closing low on Monday. Previous day Roundup The market closed lower for the fifth consecutive session on Monday. The Sensex fell 50.14 points to 20,665.44, and the Nifty lost 13.70 points to 6,154.70. About 1092 shares have advanced, 1312 shares declined, and 183 shares were unchanged. Index stats The Bankex and Bank Nifty both declined. Among the sartorial indices the sectors which closed up are; Capital Goods [up 43.71pts], Consumer Durables [up 67.28pts], Metals [up 19.35pts], Realty [up 1.73pts], TECK [up 49.31pts], IT [up 133.63pts], Power [up 5.39pts], and Healthcare [up 76.06pts], the index slipped were Oil & Gas [down 137.61pts], AUTO [down 84.8pts], PSU [down 16.42pts],FMCG [down 31.16pts].
World Indices Index
Value
% Change
15,884.57
+0.82
S&P 500
1,786.54
+0.63
NASDAQ EURO STO FTSE 100
4,029.52 2,978.77 6,522.20
+0.71 +1.95 +1.28
Nikkei 225 Hong Kong
15,283.94 23,190.44
+0.66 +0.39
DJl
Top Gainers Company
CMP
Change
% Chg
SSLT
199.75
7.85
+4.09
INFY
3,451.00
77.15
+2.29
POWERGRID
99.20
1.70
+1.74
TATAPOWER
287.00
1.40
+1.61
COALINDIA
287.00
3.90
+1.38
CMP
Change
% Chg
932.05 252.40 557.00 845.00 417.65
27.50 7.40 14.15 19.70 15.95
-2.89 -2.85 -2.48 -2.28 -3.43
Symbol
Prev. Close
Change
%Chg
ASTRAL
282.05
7.55
+2.75
AUROPHARMA
350.00
40.00
+12.90
BFUTILITIE
432.65
20.60
+5.00
DELTACORP
104.2
7.35
+7.59
1181.15
7.85
+0.66
Prev. Close
Change
%Chg
1006.00 48.50
18.35 0.20
-1.79 -0.41
CMP
Change
% Chg
6,154.70 20,559.52
-13.70 -56.06
-0.22 -0.27
Top Losers Company
M&M JINDLASTEL SUNPHARMA RELIANCE INDUSINDBK
Stocks at 52 Week’s high
HCLTECH
Stocks at 52 Week’s Low Symbol
BEL DSKULKARNI
Indian Indices Company NIFTY SENSEX
YOUR MINTVISORY
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DAILY REPORT 17th DECEMBER. 2013
EQUITY CASH & FUTURE
STOCK RECOMMENDATIONS [FUTURE] 1. TECH MAHINDRA
STOCK RECOMMENDATION [CASH] 1. TATA ELXSI
TECH MAHINDRA FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it continues to sustain above 1750. We advise buying around 1740-1750 levels with strict stop loss 1715 for the targets of 1770-1790 levels.
TATA ELXSI is looking strong on charts. We advise buying around 340-345 levels with strict stop loss of 330 for the targets of 355-365 levels.
2. ADANI ENTERPRISES
ADANI ENTERPRISES FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it continues to sustain above 260. We advise buying above 260 levels with strict stop loss 255 for the targets of 265270. YOUR MINTVISORY
MACRO NEWS The Indian wholesale price index (WPI) for the month of November shot up to a 14-month high of 7.52% vs 7%in the previous month, led by higher primary, food and fuel prices. The street was largely expecting the November WPI to stay at 7 percent. The September WPI number has also been revised upwards at 7.05% from the provision figure of 6.46. GlaxoSmithKline plc announced a voluntary open offer to increase its stake in its publicly-listed pharmaceuticals subsidiary in India, GlaxoSmithKline Pharmaceuticals Limited , from 50.7 percent to up to 755 at a price of Rs 3,100 per share. With this latest India deal, GSK is set to spend close to $2 billion in roughly a year to increase its holdings in two listed Indian companies, its biggest incremental investment in any country in that period. Foreign institutional investors sold Indian shares worth 4.32 billion rupees ($69.49 million) on Friday, to snap their 10-day buying streak, raising concerns ahead of the Fed's meeting ending on Wednesday. Reserve Bank of India likely to hike repo rate by 25bps. Government may stop charging market rates for bulk diesel purchase.
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DAILY REPORT FUTURE & OPTION
17th DECEMBER. 2013
MOST ACTIVE PUT OPTION Symbol
Option Type
Strike Price
LTP
Traded Volume (Contracts)
Open Interest
NIFTY
PE
6,100
43.00
2,72,973
49,03,150
NIFTY
PE
6,200
84.50
2,53,099
35,53,000
NIFTY
PE
6,000
19.45
1,79,103
56,49,700
BANK NIFTY
PE
11,000 102.55
26,799
4,04,000
SBIN
PE
1,700
26.00
4,522
2,23,000
INFY
PE
3,400
22.40
3,037
1,84,750
ICICIBANK
PE
1,100
30.70
2,075
3,28,750
TATASTEEL
PE
400
4.85
2,042
14,13,000
Strike Price
LTP
Traded Volume (Contracts)
Open Interest
STOCKS IN NEWS SBI reported a 33% decline in its advance tax payment for the December quarter at Rs 1,130 crore. RIL to exit non-veg business as it hurts religious sentiment. Walmart gets CCI nod to buy Bharti's stake in Indian JV. Public sector banks to go on strike on December 18. CCI clears purchase of Heidelberg's Raigad unit by JSW Steel. NIFTY FUTURE
MOST ACTIVE CALL OPTION Symbol
Option Type
NIFTY
CE
6,300
27.40
3,34,185
71,36,150
NIFTY
CE
6,200
62.00
3,00,676
38,32,300
NIFTY
CE
6,400
10.00
1,89,617
49,25,300
BANKNIFTY
CE
12,000
62.90
24,280
4,34,050
SBIN
CE
1,800
20.80
6,050
3,75,500
TCS
CE
2,100
11.05
3,501
4,90,750
RELIANCE
CE
860
9.00
3,293
5,95,250
INFY
CE
3,500
26.05
3,058
1,09,875
TCS
CE
2,050
25.40
2,914
1,88,250
Nifty Future closed in the red in the last trading session. We advise selling on rise around 6200 with strict stop loss of 6240 for the targets of 6160-6120 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
33039
1011.83
51380
1575.35
594990
18322.58
-563.52
INDEX OPTIONS
320587
9702.47
334463
10161.08
1738898
53303.39
-458.61
STOCK FUTURES
56461
1642.93
55362
1571.25
1162702
31801.51
71.68
STOCK OPTIONS
34815
995.58
35800
1024.86
51706
1371.25
-29.28
TOTAL
-979.72
INDICES NIFTY
S2
S1
PIVOT
R1
R2
6124.13
6139.41
6161.33
6176.61
6198.53
NIFTYJUNIOR
12194.13
12237.66
12272.63
12316.16
12351.13
BANK NIFTY
11243.35
11308.15
11374.5
11439.3
11505.65
YOUR MINTVISORY
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DAILY REPORT 17th DECEMBER. 2013
COMMODITY MCX
RECOMMENDATIONS SILVER
COMMODITY ROUNDUP A two day US Fed policy makers meet is scheduled to end on Wednesday and traders may get further clues for their trading from the meeting statement. US gold futures continued its negative trend on Monday and was seen trading down on concerns that US Central Bank may start reducing its monetary stimulus soon. India gold futures edged lower on Monday tracking a weak trend in the global market. Appreciation of Indian Rupee (INR) against US Dollar (USD) may have put pressure on the commodity prices to certain extent. HSBC Flash China Manufacturing Purchasing Managers Index (PMI) was down at 50.5 in December lower when compared to 50.8 in November. Flash China manufacturing output index is reported at 51.8 in December (52.2 in November), a two-month low.
TRADING STRATEGY: BUY SILVER ABOVE 45700 TGTS 45900/46200 SL 45350 SELL SILVER BELOW 45200 TGTS 45000/44700 SL 45550
US mines have produced 19300 kilograms of gold in September this year, a decline of 5% when compared to 20400 kg in the previous month and slightly down when compared to 19600 kg in the same period last year.
GOLD MCX GOLD February contract was closed at Rs 28831 down Rs 601 , or- 2.04 percent. The GOLD rate touched an intraday high of Rs 29371 and an intraday low of Rs 28766. So far 23761 contracts have been traded. Gold Price was taking support at 29250 and traded in sideways range all day. In evening session gold price broke the nearest SUPPORT of 29150 and made new low of 28766 MCX SILVER March contract was closed at Rs 45330 UP Rs 554, or 1.24 percent. The SILVER rate touched an intraday high of Rs 45665 and an intraday low of Rs 44062. 26492 contracts had been traded. Silver opened at morning with gap up and made day low. In mid session silver trade in big range and made night high 45665 . After 8.00 p.m. there had seen more buying pressure in silver and it will helpful to break the nearest resistance of 45700.
TRADING STRATEGY: BUY GOLD ABOVE 28930 TGTS 29010/29110 SL 28820 SELL GOLD BELOW 28690 TGTS 28610/28510 SL 28810
YOUR MINTVISORY
India Govt drive to reduce gold consumption to discourage gold imports, reduce Current Account Deficit (CAD) caused increase in smuggling activity and reduced gold jewellery exports.
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DAILY REPORT 17th DECEMBER. 2013
NCDEX
RECOMMENDATIONS CASTORSEED
NCDEX INDICES Index
Value
% Change
Barley
1440
-0.17
Castor Seed
4861
+3.03
Chana
2840
-1.05
Chilli
7348
+0.08
Coriander
8015
+2.82
Cotton Seed Oilcake
1406
-0.92
12980
+0.12
3620
-1.42
697
+0.15
5200
+1.21
Jeera Mustard seed Ref Soya Oil Turmeric
BUY CASTORSEED ABOVE 4880 TGTS 4910,4960 SL 4830 SELL CASTORSEED BELOW 4650 TGTS 4620,4570 SL 4700 DHANIYA
SELL DHANIYA BELOW 8355 TGTS 8325,8275 SL 8395 BUY DHANIYA ABOVE 8460 TGTS 8490,8540 SL 8410
YOUR MINTVISORY
NCDEX ROUNDUP Panel to discuss more sops for sugar mills on December 18. Jeera prices traded up by 0.73% to Rs 13,060 per quintal in futures trade yesterday as speculators created fresh positions supported by pick up in demand in the spot market. At the National Commodity and Derivatives Exchange, jeera for delivery in December rose by Rs 95, or 0.73%, to Rs 13,060 per quintal with an open interest of 2,190 lots. Similarly, the spice for delivery in January traded higher by Rs 80, or 0.61%, to Rs 13,122.50 per quintal in 6,834 lots. speculators created fresh positions supported by pick up in demand in the spot market that helped jeera prices to trade higher at futures trade. Coriander prices rose 2.43% to Rs 8,335 per quintal in futures trading today on strong demand in the spot market against limited arrivals from producing belts. At the National Commodity and Derivative Exchange, coriander for delivery in January gained Rs 198, or 2.43%, to Rs 8,335 per quintal with an open interest of 33,610 lots. Similarly, the spice for delivery in December traded higher by Rs 181, or 2.32%, to Rs 7,976 per quintal in 870 lots. Besides strong demand in the spot market, restricted arrivals from producing regions mainly pushed up coriander prices at futures trade.
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DAILY REPORT 17th DECEMBER. 2013
CURRENCY
RBI Reference Rate Currency
Rate Currency
Rupee- $
62.1024 Yen-100
Euro
85.4284 GBP
JPY/INR
SELL JPY/INR BELOW 59.95 TGTS 59.76,59.60 SL 60.36. BUY JPY/INR ABOVE 60.74 TGTS 60.94, 61.16 SL 60.33. GBP/INR
Rate
60.4000 101.2704
CURRENCY ROUNDUP The dollar pulled back further against the yen from a fiveyear high set on Friday. The greenback was at 103.08 yen after easing 0.3 percent on Monday. Ahead of the Reserve Bank of Australia policy meeting minutes, the Australian dollar was down a tad at$0.8944, near a 3-1/2 month low of $0.8909 set on Friday. The dollar moved largely lower against most major currencies on Monday after hit-or-miss economic indicators released earlier cast doubts on recent expectations for the Federal Reserve to announce plans to taper its USD85 billion in monthly asset purchases at a policy meeting this week. The euro held the upper hand on Tuesday after surprisingly strong euro zone manufacturing data, while uncertainty over when the Federal Reserve would start to trim its economic stimulus program kept the dollar on the defensive. The Reserve Bank of India said on Monday it accepted all 58 bids for 384.50 billion rupees ($6.19 billion) at its one-day repo auction, through which it injects liquidity into the banking system. It accepted both bids for 8.03 billion rupees ($129.2 million) at its one-day reverse repo auction, through which it absorbs excess liquidity from the banking system. Indian banks' refinancing with RBI rises to 264.95 billion rupees. Indian banks' cash balances with RBI marginally lower at 3.11 trillion rupees. The Indian rupee gained on Monday, snapping three days of losses on inflows tied to dollar sales from foreign banks and corporate, even as high wholesale prices virtually sealed the case for a rate hike on Wednesday.
SELL GBP/INR BELOW 100.83 TGTS 100.66,100.44 SL 101.28. BUY GBP/INR ABOVE 101.70 TGTS 101.86,102.03 SL 101.25.
YOUR MINTVISORY
The partially convertible rupee closed at 61.73/74 per dollar compared with 62.125/135 on Friday. It rose 0.7 pct in session, its biggest single day gain in nearly a month. In the offshore non-deliverable forwards, the one-month contract was at 62.15 while the three-month was at 63.02.
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DAILY REPORT 17th DECEMBER. 2013
CALL REPORT PERFORMANCE UPDATES
Date
Commodity/ Currency Pairs
Contract
Strategy Entry Level
Target
Stop Loss
Remark NOT EXECUTED
16/12/13
MCX GOLD
DEC
BUY
29500
29580-29680
29390
16/12/13
MCX GOLD
DEC.
SELL
29250
29170-29070
29360
16/12/13
MCX SILVER
DEC
BUY
45050
45300-45650
44750
16/12/13
MCX SILVER
DEC
SELL
44500
44250-43900
44800
BOOKED PROFIT
16/12/13
NCDEX CASTOR SEED
JAN.
SELL
4640
4615-4580
4680
NOT EXECUTED
16/12/13
NCDEX CASTOR SEED
JAN.
BUY
4880
4905-4940
4840
NOT EXECUTED
16/12/13
NCDEX DHANIYA
JAN
BUY
8380
8405-8440
8345
BOOKED FULL PROFIT
16/12/13
NCDEX DHANIYA
JAN
SELL
7950
7925-7980
7995
NOT EXECUTED
16/12/13
USD/INR
DEC.
SELL
62.21
61.99-61.75
62.60
BOOKED PROFIT
16/12/13
USD/INR
DEC.
BUY
62.48
62.62-62.75
62.09
NOT EXECUTED
16/12/13
EUR/INR
DEC.
SELL
85.34
85.18-84.97
85.74
BOOKED PROFIT
16/12/13
EURINR
DEC.
BUY
85.64
85.79-85.92
85.24
BOOKED PROFIT
Stop Loss
Remark
Date
Scrip
CASH/ FUTURE/ OPTION
Strategy
Entry Level Target
BOOKED FULL PROFIT BOOKED FULL PROFIT
16/12/13
NIFTY
FUTURE
SELL
6180
6150-6120
6240
CALL OPEN
16/12/13
TATAMOTORS
FUTURE
BUY
368-372
378-384
360
CALL OPEN
16/12/13
AURO PHARMA
FUTURE
BUY
314
318-324
309
BOOKED FULL PROFIT
16/12/13
BF UTILITIES
CASH
BUY
410-415
425-440
400
NOT EXECUTED
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
BOOKED PROFIT
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DAILY REPORT 17th 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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