DAILY REPORT 18th DECEMBER. 2013
Global markets at a glance The Nikkei share average rose 1.2% on Wednesday morning, as short-term investors bet the outcome of the U.S. Federal Reserve's policy meeting won't materially alter a promising outlook for Japanese equities. European shares fell on Tuesday, resuming a downward slide seen for much of this month as the U.S. Federal Reserve kicked off a two-day meeting at which it may decide to scale back its equity-friendly stimulus program. Wall Street Update U.S. stocks closed slightly lower on Tuesday, with investors reluctant to make big bets before the results of a Federal Reserve meeting that could give some clarity as to when the central bank will begin trimming its stimulus. The policy-setting Federal Open Market Committee is expected to issue a statement on Wednesday at the meeting's conclusion. The Dow Jones industrial average .DJI slipped 9.31 points, or 0.06 percent, to close at 15,875.26. The Standard & Poor's 500 Index .SPX declined 5.54 points, or 0.31 percent, to finish at 1,781.00. The Nasdaq Composite Index .IXIC fell 5.84 points, or 0.14 percent, to end at 4,023.68. Previous day Roundup The consolidation in market continued for the second session on Tuesday as investors are eyeing for RBI policy that will be announced on Wednesday. The day that was looking like a sigh of relief after a fall in previous five sessions gave up gains in last hour of trade. The Sensex slipped 47.38 points to 20,612.14, and the Nifty fell 15.65 points to 6,139.05.
World Indices Index
Value
% Change
15,875.26
-0.06
S&P 500
1,781.00
-0.31
NASDAQ EURO STO FTSE 100
4,023.68 2,941.76 6,486.19
-0.14 -1.24 -0.55
Nikkei 225 Hong Kong
15,510.12 23,180.26
+1.52 +0.49
DJl
Top Gainers Company
CMP
Change
% Chg
RANBAXY
438.15
20.10
+4.81
BHARTIARTL
327.70
14.35
+4.58
CIPLA
387.40
11.50
+3.05
SUNPHARMA
568.30
12.15
+2.18
NMDC
139.00
2.65
+1.94
CMP
Change
% Chg
659.25 278.35 134.90 782.80
25.10 8.50 3.05 15.75
-3.67 -2.96 -2.21 -1.97
Prev. Close
Change
%Chg
AUROPHARMA
354.60
5.55
+1.59
BFUTILITIE
425.00
7.65
-1.77
DELTACORP
100.90
2.80
-2.70
ESCORTS
130.90
2.30
+1.79
2,946.50
20.90
+0.71
Prev. Close
Change
%Chg
1000
8.70
-0.86
CMP
Change
% Chg
6,139.05 20,612.14
-15.65 -47.38
-0.25 -0.23
Top Losers Company
HDFCBANK CAOLINDIA NTPC HDFC
Stocks at 52 Week’s high Symbol
GLAXO Index stats The Bankex and Bank Nifty both declined 1.28% & 1.44% respectively. Among the sartorial indices most of the sectors were closed up; Capital Goods [up 30.16pts], FMCG [up 48.71pts], PSU [up 47.00pts], Consumer Durables [up 59.14pts], Metals [up 1.89pts], TECK [up 26.41pts], IT [up 19.97pts], and Healthcare [up 143.42pts], the index slipped were Oil & Gas [down 45.15pts], AUTO [down 5.66pts], Realty [down 10.11 pts], Power [down 11.88pts].
Stocks at 52 Week’s Low Symbol
BEL --
Indian Indices Company NIFTY SENSEX
YOUR MINTVISORY
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DAILY REPORT 18th DECEMBER. 2013
EQUITY CASH & FUTURE
STOCK RECOMMENDATIONS [FUTURE] 1. HDIL
STOCK RECOMMENDATION [CASH] 1. WOCKHARDT
HDIL FUTURE is looking weak on charts, short build up has been seen, we may see more downside, if it continues to sustain below 46. We advise selling around 46-47 levels with strict stop loss 48.50 for the targets of 44.50-42.50 levels.
WOCKHARDT is looking strong on charts. We advise buying above 390 levels with strict stop loss of 370 for the targets of 410-430 levels.
2. HDFC
MACRO NEWS
HDFC FUTURE is looking weak on charts, short build up has been seen, we may see more downside, if it continues to sustain below 780. We advise selling below 780 levels with strict stop loss 795 for the targets of 765-750 levels. YOUR MINTVISORY
Reserve bank of India is going to announce Credit Policy today, wherein RBI likely to raise repo rate by 0.25 per cent to tame inflation Domestic road shows for IOC divestment to begin today will end on December 20. JM Financial allots 1.2 crore warrants to Vikram Pandit at Rs 19.05 apiece on a preferential basis. JK Tyre allots 43 lakh warrants to promoters at Rs 115/Warrant . Tata Steel puts Borivli land worth Rs 1000 crore up for sale. Corporate action: HCL Technologies ex-date for dividend Rs 6 per share. Board Meeting: Pipavav Defence AGM. Anti-dumping duty on steel products from India to continue . Power cost to go up as Western Coalfields hikes prices by 10%.
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DAILY REPORT FUTURE & OPTION
18th DECEMBER. 2013
STOCKS IN NEWS IRB Infrastructure Developers preferred bidder for Rs 1,500-crore road project. Boeing announces $10 billion buyback, raises dividend. Sun Pharma Advanced Research Company (SPARC) receives US FDA response on Venlafaxine NDA. Hero MotoCorp may sub-license Honda's technology to overseas players.
MOST ACTIVE PUT OPTION Symbol
Option Type
Strike Price
LTP
Traded Volume (Contracts)
Open Interest
NIFTY
PE
6,100
49.55
2,46,302
52,08,750
NIFTY
PE
6,200
96.00
2,41,434
35,40,400
NIFTY
PE
6,000
22.40
1,71,326
59,87,000
BANK NIFTY
PE
11,000 149.00
27,414
3,98,650
SBIN
PE
1,700
31.00
6,945
2,60,125
MCDOWELL-N
PE
2,500
19.75
2,076
1,90,750
AXISBANK
PE
1,250
33.50
1,778
2,36,250
ICICIBANK
PE
1,100
32.00
1,741
3,65,500
Strike Price
LTP
Traded Volume (Contracts)
Open Interest
NIFTY FUTURE
MOST ACTIVE CALL OPTION Symbol
Option Type
NIFTY
CE
6,300
20.50
3,18,868
73,01,000
NIFTY
CE
6,200
50.30
3,03,368
43,47,200
NIFTY
CE
6,400
6.55
1,95,810
54,44,850
BANKNIFTY
CE
12,000
30.40
23,695
4,75,075
SBIN
CE
1,800
16.05
8,324
4,72,250
RANBAXY
CE
440
11.50
4,728
6,49,500
TCS
CE
2,100
13.75
4,199
3,91,750
MCDOWELL-N
CE
2,600
44.00
4,109
2,06,375
POWERGRID
CE
100
0.45
3,188
73,32,000
Nifty Future closed in the red in the last trading session. We advise selling below 6150 with strict stop loss of 6200 for the targets of 6120-6100 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
55403
1672.11
56216
1692.17
594003
18206.89
-20.06
INDEX OPTIONS
254102
7731.35
283195
8645.04
1760703
53823.67
-913.69
STOCK FUTURES
68824
1942.15
69274
1965.26
1167506
31962.30
-23.10
STOCK OPTIONS
33516
907.96
33346
906.17
54884
1460.74
1.79
TOTAL
-955.05
INDICES NIFTY
S2
S1
PIVOT
R1
R2
6096.65
6117.85
6154.2
6175.4
6211.75
NIFTYJUNIOR
12247.76
12281.08
12336.86
12370.18
12425.96
BANK NIFTY
11028.15
11118.4
11268.25
11358.5
11508.35
YOUR MINTVISORY
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DAILY REPORT 18th DECEMBER. 2013
COMMODITY MCX
RECOMMENDATIONS SILVER
COMMODITY ROUNDUP Gold prices eased on Tuesday ahead of this week's Federal Reserve policy meeting, on expectations that the U.S. central bank may soon be set to taper its bullion-friendly economic stimulus program. The Fed begins its latest two-day policy meeting on Tuesday. Most economists polled by Reuters this week expect it to taper its huge bond-buying program in March, although the odds on a move this month or next have shortened after a run of upbeat data. Spot gold was down 0.3 percent at $1,236.30 an ounce at 1022 GMT, while U.S. gold futures for February delivery were down $8.10 an ounce at $1,236.30. Expectations that the Fed will curtail its stimulus program, which has driven gold prices higher in recent years by pressuring interest rates and fuelling fears of inflation, have already pushed gold prices 25 percent lower this year.
TRADING STRATEGY: BUY SILVER ABOVE 45250 TGTS 45450/45800 SL 44900 SELL SILVER BELOW 44600 TGTS 44400/44100 SL 44950 GOLD
MCX GOLD February contract was closed at Rs 28678 down Rs 153 , or- 0.53 percent. The GOLD rate touched an intraday high of Rs 28990 and an intraday low of Rs 28642. So far 22800 contracts have been traded. Gold Price is taking support at 28640 and trade in sideways range all day. In evening session gold price broke the nearest SUPPORT of 28790 and made new low of 28642 MCX SILVER march contract was closed at Rs 44734 DOWN Rs 596, or 1.31 percent. The SILVER rate touched an intraday high of Rs 45628 and an intraday low of Rs 44580. 29027 contracts had been traded. Silver opened at morning with gap DOWN and made day low. In mid session silver traded in narrow range and made evening low 44580 . After 6.00 p.m. more selling pressure was seen in silver and it will helpful to break the nearest support 44550. Prices of iron ore and chrome ore are witnessing downward pressure on poor demand from within the country, precipitated by stagnated consumption growth of finished steel products
TRADING STRATEGY: BUY GOLD ABOVE 28830 TGTS 28910/29010 SL 28700 SELL GOLD BELOW 28620 TGTS 28540/28440 SL 28740
YOUR MINTVISORY
Zinc futures prices yesterday edged up by 0.32% to Rs 123.80 per kg as speculators created positions despite metal's weakness in the global market. At MCX, zinc for delivery in January up by 40 paise, or 0.32%, to Rs 123.80 per kg, with a business turnover of 9 lots.
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DAILY REPORT 18th DECEMBER. 2013
NCDEX
RECOMMENDATIONS CASTORSEED
NCDEX INDICES Index
Value
% Change
Barley
1446.5
+0.35
Castor Seed
4884
+0.08
Chana
2810
-1.40
Chilli
7230
-1.50
Coriander
7800
-2.77
Cotton Seed Oilcake
1418
+0.50
12980
-0.36
Mustard seed
3599
-1.53
Ref Soya Oil
696.5
-0.02
Turmeric
5282
+1.23
Jeera
BUY CASTORSEED JAN ABOVE 4950 TGTS 4980,5030 SL 4900 SELL CASTORSEED JAN BELOW 4820 TGTS 4790,4740 SL 4870 DHANIYA
NCDEX ROUNDUP Delay in commencement of cane crushing by over a month in the current sugar season (October 2013-Sept 2014) has dropped the sugar production by 50% over last year. The industry has pegged total sugar output at 250 lakh tonnes in the ongoing 2013-14 season (October-September), higher than the government estimate of 241 million tonnes. Castor seed output in India is likely to decline by 40 per cent this year on lower acreage and unfavorable climatic condition in major producing states at the beginning of the sowing season. A high-powered group of ministers is expected to meet on Wednesday to take stock of the government’s ongoing sale of excess wheat in the domestic market. The government has plans to sell around 8.5 million tonnes of wheat through the open market till March 2014 before the new procurement season starts. However, till date it has managed to sell just about 1 million tonnes due to lukewarm response from traders.
BUY DHANIYA JAN ABOVE 8280 TGTS 8310,8360 SL 8230 SELL DHANIYA JAN BELOW 8065 TGTS 8035,7985 SL 8115
YOUR MINTVISORY
Palm oil shipments by Indonesia, the world's largest producer, probably advanced to the highest level in nine months in November as rising prices prompted exporters to boost supplies. Futures gained.
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DAILY REPORT 18th DECEMBER. 2013
CURRENCY
RBI Reference Rate Currency
Rate Currency
Rupee- $
62.3896 Yen-100
Euro
84.7547 GBP
USD/INR
Rate
61.1000 101.8011
CURRENCY ROUNDUP The dollar was on the back foot against the euro and the yen on Wednesday as traders cautiously looked to what the Federal Reserve will do with its stimulus -- a major force that has simultaneously underpinned riskier global assets and restrained the dollar in recent years
The dollar's index stood at 80.02, having slipped from Monday's high of 80.419, with immediate support seen at the Dec. 11 low of 79.757.
BUY USD/INR ABOVE 62.21 TGTS 62.36, 62.48 SL 61.81. SELL USD/INR BELOW 61.86 TGTS 61.71, 61.54 SL 62.26. EUR/INR
Although a steady run of firm U.S. economic data in recent weeks has raised speculation that the Fed could reduce its bond buying at its policy meeting ending on Wednesday, a majority of investors still think stimulustapering will happen early next year. The dollar also eased against the yen to 102.57 yen, little changed in early Asian trade but down from a five-year high of 103.925 yen reached on Friday. Sterling lost some of its recent momentum, wobbling near three-week lows against the dollar and a six-week low versus the euro, after benign UK inflation data dampened speculation about early rate hikes. The pound traded at $1.6272, after having slipped to $1.6214 on Tuesday from a two-year high of $1.6499 hit last Wednesday.
SELL EUR/INR BELOW 85.18 TGTS 84.99, 84.83 SL 85.59 BUY EUR/INR ABOVE 85.70 TGTS 85.87, 86.05 SL 85.29.
YOUR MINTVISORY
The euro rose to 84.67 pence on Tuesday, its highest level since early November and last stood at 84.64. The Australian dollar slumped to a fresh four-month low of $0.8882 overnight after the Australian central bank repeated its recent message that the currency was uncomfortably high.
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DAILY REPORT 18th DECEMBER. 2013
CALL REPORT PERFORMANCE UPDATES
Date
Commodity/ Currency Pairs
Contract
Strategy
Entry Level
Target
Stop Loss
Remark
17/12/13
MCX GOLD
FEB.
BUY
28930
29010-29110
28820
BOOKED PROFIT
17/12/13
MCX GOLD
FEB.
SELL
29690
28610-28510
28810
NOT EXECUTED
17/12/13
MCX SILVER
MARCH
BUY
45700
45900-46200
45350
NOT EXECUTED
17/12/13
MCX SILVER
MARCH
SELL
45200
45000-44700
45550
BOOKED FULL PROFIT
17/12/13
NCDEX CASTOR SEED
JAN.
SELL
4650
4620-4570
4700
NOT EXECUTED
17/12/13
NCDEX CASTOR SEED
JAN.
BUY
4880
4910-4960
4830
BOOKED PROFIT
17/12/13
NCDEX DHANIYA
JAN.
BUY
8460
8490-8540
8410
BOOKED PROFIT
17/12/13
NCDEX DHANIYA
JAN.
SELL
8355
8325-8275
8395
BOOKED PROFIT
17/12/13
JPY/INR
DEC.
SELL
59.95
59.76-59.60
60.36
NOT EXECUTED
17/12/13
JPY/INR
DEC.
BUY
60.74
60.94-61.16
60.33
NOT EXECUTED
17/12/13
GBP/INR
DEC.
SELL
100.83
100.66-100.44
101.28
NOT EXECUTED
17/12/13
GBPNR
DEC.
BUY
101.70
101.86-102.03
101.25
NOT EXECUTED
Date
Scrip
CASH/ FUTURE/ OPTION
Strategy
Entry Level
Target
Stop Loss
Remark
17/12/13
NIFTY
FUTURE
SELL
6200
6160-6120
6240
BOOKED PROFIT
17/12/13
TECH MAHINDRA
FUTURE
BUY
17401750
1770-1790
1715
CALL OPEN
17/12/13
ADANIENT
FUTURE
BUY
260
265-270
255
BOOKED PROFIT
17/12/13
TATA ELEXI
CASH
BUY
340-345
355-365
330
BOOKED PROFIT
16/12/13
NIFTY
FUTURE
SELL
6180
6150-6120
6240
BOOKED PROFIT
16/12/13
TATAMOTORS
FUTURE
BUY
368-372
378-384
360
CALL OPEN
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
YOUR MINTVISORY
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DAILY REPORT 18th 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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