DAILY REPORT 19th DECEMBER. 2013
Global markets at a glance Asian share markets rallied on Thursday as a Federal Reserve commitment to low rates offset a long-dreaded decision to taper stimulus, he Nikkei .N225which climbed 1.7 percent to threaten its peak for this year. Stocks in Sydney .AXJO and Seoul .KS11 both gained 0.8 percent while MSCI's broadest index of Asia-Pacific shares outside Japan The Dow Jones industrial average surged 292.71 points or 1.84 percent, to end at 16,167.97, a record closing high. The S&P 500 gained 29.65 points or 1.66 percent, to finish at 1,810.65, also a record closing high. The Nasdaq Composite climbed 46.38 points or 1.15 percent, to close at 4,070.06. European markets had rallied earlier. European shares advanced on Wednesday, more than recouping the previous session's losses The FTSEurofirst 300 closed up 0.9 percent at 1,259.06 points, albeit in light volume, Wall Street Update U.S. stocks staged an explosive rally on Wednesday, driving the Dow and the S&P 500 to all-time closing highs after the Federal Reserve announced it would start to unwind its historic stimulus. extended losses just after the announcement, but quickly turned higher and began rallying. The day's move marked the biggest swing from the day's high to the low for the S&P 500 in two years. All 10 S&P 500 sector indexes ended higher,
World Indices Index
Value
% Change
16,167.97
+1.84
S&P 500
1,810.65
+1.66
NASDAQ EURO STO FTSE 100
4,070.06 2,975.09 6,492.08
+1.15 +1.13 +0.09
Nikkei 225 Hong Kong
15,819.49 23,306.40
+1.49 +0.70
DJl
Top Gainers Company
CMP
Change
% Chg
BHEL
164.10
9.75
+6.32
DLF
160.55
8.55
+5.63
PNB
592.60
26.80
+4.74
INDUSINDBK
432.25
17.80
+4.29
BAJAJ-AUTO
1,939.20
76.10
+4.08
CMP
Change
% Chg
249.80 201.80 1,749.20
2.20 1.15 4.65
-0.87 -0.57 -0.27
Prev. Close
Change
%Chg
AMARAJABAT
361.50
3.75
+1.05
AUROPHARMA
374.25
19.65
+5.54
BIOCON
439.65
47.35
12.07
DIVISLAB
1,186.05
31.90
+2.76
HCLTECH
1,195.80
25.45
+2.17
Prev. Close
Change
%Chg
56.00 413.5
+0.20 0.25
+0.36 -0.06
CMP
Change
% Chg
6,217.15 20,859.86
+78.10 +247
+1.27 +1.20
Top Losers Company
JINDALSTEL SSLT ULTRACEMCO --
Stocks at 52 Week’s high Previous day Roundup Indian shares rose more than 1%on Wednesday to snap their six-day losing streak. The benchmark BSE index rose 1.2 percent, or 247.72 points, to end at 20,859.86, marking its highest close in nearly a week. The broader NSE index gained 1.27 percent, or 78.10 points, to end at 6,217.15, closing above the psychologically important 6,200 level.
Symbol
Index stats The Bankex and Bank Nifty both advanced 1.40% & 1.33% respectively. Among the sartorial indices all the sectors were up; Capital Goods [up 259.47pts], FMCG [up 25.49pts], PSU [up 105.74pts], Consumer Durables [up 77.43pts], Metals [up 63.70pts], TECK [up 22.00pts], IT [up 42.41pts], and Healthcare [up 111.52pts], Oil & Gas [up 180.00pts], AUTO [up 206.47pts], Realty [up 46.84pts], Power [up 33.89pts].
Stocks at 52 Week’s Low Symbol
ESSARPORTS MYSOREBANK
Indian Indices Company NIFTY SENSEX
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DAILY REPORT 19th DECEMBER. 2013
EQUITY CASH & FUTURE
STOCK RECOMMENDATIONS [FUTURE] 1. AMBUJA CEMENT
STOCK RECOMMENDATION [CASH] 1. ORCHID CHEM
AMBUJA CEMENT FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it continues to sustain above 181. We advise buying above 181 levels with strict stop loss 179 for the targets of 183-185 levels.
ORCHID CHEM is looking strong on charts. We advise buying above 62 levels with strict stop loss of 59 for the targets of 65-67 levels.
2. DLF
MACRO NEWS Reserve Bank of India left repo rate unchanged at 7.75 percent and CRR at 4 percent of net demand and time liability (NDTL), saying it was willing to wait for more inflation data before taking an action. Fed tapers purchases by $10 bln a month, keeps rates low. The central bank said it would reduce its monthly asset purchases by $10 billion to $75 billion, while it also indicated that its key interest rate would stay at rock bottom even longer than previously promised. Fed Chairman Ben Bernanke began hinting at a reduction in the stimulus back in May. After months of agonizing, investors took the Fed's decision to trim its bond buying by $10 billion to $75 billion a month as a modest step and one the U.S. economy could well withstand. Government may allow telecom companies to share 2G spectrum with riders. Telecom sector to use 75 pct R&D fund for product development. India, Japan raise currency swap arrangement limit to $50 bn.
DLF FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it continues to sustain above 160. We advise buying around 160-161 levels with strict stop loss 158 for the targets of 163-165 levels.
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DAILY REPORT FUTURE & OPTION
19th DECEMBER. 2013
MOST ACTIVE PUT OPTION Symbol
Option Type
Strike Price
LTP
Traded Volume (Contracts)
Open Interest
NIFTY
PE
6,200
41.15
4,54,528
50,95,850
NIFTY
PE
6,100
18.35
4,40,080
58,39,000
NIFTY
PE
6,000
7.75
2,76,086
57,38,100
BANK NIFTY
PE
11,000
65.00
51,390
4,33,600
SBIN
PE
1,700
13.20
11,706
3,29,750
POWERGRID
PE
95
0.35
5,886
69,98,000
ICICIBANK
PE
1,100
24.95
3,528
3,43,000
DLF
PE
150
1.30
2,961
16,32,000
Strike Price
LTP
Traded Volume (Contracts)
Open Interest
STOCKS IN NEWS State Bank of India may cut new home loan rates by 15-25 bps. Lupin launches HIV drug in the US with marketing exclusivity Biocon inks licensing pact with US-based Quark Pharma PVR BluO to invest Rs 100 cr to double centres in 3 yrs Vodafone gets Rs 3700cr tax bill from income tax department. NIFTY FUTURE
MOST ACTIVE CALL OPTION Symbol
Option Type
NIFTY
CE
6,300
48.15
6,00,030
71.50,750
NIFTY
CE
6,200
101.00
5,00,766
39,63,350
NIFTY
CE
6,400
17.90
3,82,214
57,00,900
BANKNIFTY
CE
11,500
197.80
60,144
3,36,825
SBIN
CE
1,800
28.95
15,395
5,50,500
POWERGRID
CE
100
1.85
8,377
52,84,000
RELIANCE
CE
860
13.80
4,698
3,99,500
DLF
CE
160
5.40
4,695
19,56,000
ICICIBANK
CE
1,100
32.05
3,752
3,44,250
Nifty Future closed in the green in the last trading session. We advise buying around 6250 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
84727
2587.30
66699
2038.37
629793
19577.23
548.92
INDEX OPTIONS
558523
16970.71
589997
17906.50
1786121
55298.94
-935.79
STOCK FUTURES
110816
3175.08
116067
3315.54
1152491
32193.30
-140.46
STOCK OPTIONS
57034
1485.11
58292
1522.06
53724
1461.64
-36.94
TOTAL
564.27
INDICES NIFTY
S2
S1
PIVOT
R1
R2
6088.31
6152.73
6194.36
6258.78
6300.41
NIFTYJUNIOR
12243.08
12367.26
12437.08
12561.26
12631.08
BANK NIFTY
10894.36
11126.13
11349.21
11580.98
11804.06
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DAILY REPORT 19th DECEMBER. 2013
COMMODITY MCX
RECOMMENDATIONS SILVER
COMMODITY ROUNDUP Gold was the main casualty of the Fed move, and the resulting jump in the dollar. After gyrating wildly, spot prices for the metal were off at $1,220.91 an ounce and uncomfortably close to the year low at $1,211.80. Oil markets shrugged off the Fed's decision, perhaps encouraged by signs of a pick up in global growth. Brent crude ended Wednesday up 84 cents at $109.24 a barrel. U.S. oil futures edged back 19 cents to $97.87 a barrel but are still up over a dollar on the week so far. MCX GOLD February contract was closed at Rs 28868 UP Rs 190 , or 0.66 percent. The GOLD rate touched an intraday high of Rs 28920 and an intraday low of Rs 28672. 17266 contracts had been traded. Gold Price was taking support at 28640 and traded in sideways range all day. In evening session gold price broke the nearest resistance of 28850 and made high of 28920
TRADING STRATEGY: BUY SILVER ABOVE 45550 TGTS 45750/46150 SL 45150 SELL SILVER BELOW 45200 TGTS 45000/44600 SL 45600 GOLD
MCX SILVER march contract was closed at Rs 45348 up Rs 614, or 1.37 percent. The SILVER rate touched an intraday high of Rs 45475 and an intraday low of Rs 44794. 16967 contracts had been traded. Silver opened at morning with gap up and made day low. In mid session silver traded in narrow range and made night high 45475 . After 11.00 p.m. more buying pressure had been in silver and it will helpful to break the nearest resistance 45550. Nickel prices rose by 0.37% to Rs 879.70 per kg in futures trade yesterday as speculators enlarged their positions, tracking a firm spot market trend on pick up in demand from alloy-makers. At the Multi Commodity Exchange, nickel for delivery in January gained Rs 3.20, or 0.37%, to Rs 879.70 per kg in business turnover of 13 lots. Similarly, the metal for delivery in December moved up by Rs 2.60, or 0.30%, to Rs 870.50 per kg in 506 lots. Speculators enlarged their positions, tracking a firming trend in spot market on pick up in demand from alloy-makers mainly led to rise in nickel prices at futures trade.
TRADING STRATEGY: BUY GOLD ABOVE 28950 TGTS 29030/29130 SL 28820 SELL GOLD BELOW 28620 TGTS 28540/28440 SL 28740
YOUR MINTVISORY
Import of jewellery from Hong Kong attracts no duty in India, due to a free trade agreement. A handful of large businessmen in the segment have started over-invoicing jewellery consignments to India, to siphon off dollars abroad and earn risk-free off-market interest on it.
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DAILY REPORT 19th DECEMBER. 2013
NCDEX
RECOMMENDATIONS CASTORSEED
NCDEX INDICES Index
Value
% Change
Barley
1445
+0.14
Castor Seed
4873
+0.23
Chana
2816
-0.21
Chilli
7214
-0.91
Coriander
7718
-3.99
Cotton Seed Oilcake
1431
+1.35
13097.5
+0.91
Mustard seed
3570
-0.81
Ref Soya Oil
692.5
-0.82
Turmeric
5210
-1.44
Jeera
BUY CASTORSEED JAN ABOVE 4890 TGTS 4910,4960 SL 4840 SELL CASTORSEED JAN BELOW 4805 TGTS 4775,4725 SL 4855 DHANIYA
BUY DHANIYA JAN ABOVE 8190 TGTS 8220,8270 SL 8140 SELL DHANIYA JAN BELOW 8070 TGTS 8050,8000 SL 8120
YOUR MINTVISORY
NCDEX ROUNDUP Sugar prices weakened by 0.29% to Rs 2,758 per quintal in futures trade yesterday on ample supplies at spot market against low demand. At the National Commodity and Derivatives Exchange, sugar for delivery in January weakened by Rs 8, or 0.29%, to Rs 2,758 per quintal with an open interest of 26,660 lots. Sugar for delivery in February also traded lower by Rs 2, or 0.07%, to Rs 2,768 per quintal in 17,410 lots. The fall in sugar futures to ample supplies at spot market against low demand from bulk consumers such as ice-cream and soft-drink makers due to winter. Tracking a weak global trend, crude palm oil prices declined by 0.62% to Rs 548.50 per 10 kg in futures trade yesterday as speculators offloaded their positions. At the Multi Commodity Exchange, crude palm oil for delivery in December declined by Rs 3.40, or 0.62%, to Rs 548.50 per 10 kg in business turnover of 31 lots. Similarly, oil for delivery in January edged lower by Rs 3.30, or 0.59%, to Rs 551.40 per 10 kg in 37 lots. Offloading of positions by speculators in tandem with a weak global trend on concern that exports from Indonesia and Malaysia, the world's largest producers, may drop this month as traders are lured by easing prices of alternate vegetable oils, mainly influenced crude palm oil prices at futures trade. Meanwhile, palm oil for the contract for delivery in March declined 0.9% to $784 a metric tonne on the Malaysia
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DAILY REPORT 19th DECEMBER. 2013
CURRENCY
RBI Reference Rate Currency
Rate Currency
Rupee- $
61.9176 Yen-100
Euro
85.2692 GBP
USD/INR
Rate
60.1600 100.8328
CURRENCY ROUNDUP The dollar galloping above 104.00 yen for the first time since 2008. The dollar was hoisted to a more than five-year high against the yen on Thursday after the Federal Reserve started to dial back its massive bond-buying stimulus, giving markets a strong signal that the U.S. economy was growing at a healthy clip. The dollar was a major beneficiary, surging to 104.15 yen while the euro toppled back to $1.3685. The broad-based slide in the yen was viewed as positive for Japanese exports and profits. The euro also came under pressure against the greenback, hitting a two-week low, and analysts at BNP Paribas continued to recommend short euro/dollar strategy. The euro was down 0.1 percent at $1.36690, adding to Wednesday's 0.6 percent slide and touching its lowest against the dollar since December 6.
BUY USD/INR ABOVE 62.31 TGTS 62.45, 62.64 SL 61.90. SELL USD/INR BELOW 61.80 TGTS 61.64, 61.47 SL 62.21. GBP/INR
The U.S. central bank said it would reduce its monthly asset purchases by $10 billion, bringing them down to $75 billion. The taper will be equally split between mortgage-backed securities and Treasury bonds. But in a move to forestall any sharp market reaction that could undercut the recovery, the Fed also said it "likely will be appropriate" to keep overnight rates near zero "well past the time" that the U.S. jobless rate falls below 6.5 percent. The greenback rose to 104.37 yen, a level not seen since October 2008. It jumped 1.6 percent versus the Japanese currency overnight, marking its biggest one-day rally in 41/2 months.
BUY GBP/INR ABOVE 101.90 TGTS 102.09,102.23 SL 101.35. SELL GBP/INR BELOW 101.02 TGTS 100.83, 100.67 SL 101.47.
YOUR MINTVISORY
Sterling pulled back, having rallied 0.8 percent against the dollar on Wednesday after British unemployment fell by more than expected, raising expectation that interest rates could rise earlier than previously forecast. The pound was down 0.1 percent at $1.6382, off from a more than twoyear peak of $1.6486 set on Wednesday.
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DAILY REPORT 19th DECEMBER. 2013
CALL REPORT PERFORMANCE UPDATES
Date
Commodity/ Currency Pairs
Contract
Strategy
Entry Level
18/12/13
MCX GOLD
FEB.
BUY
28830
18/12/13
MCX GOLD
FEB.
SELL
28260
18/12/13
MCX SILVER
MARCH
BUY
45250
18/12/13
MCX SILVER
MARCH
SELL
44600
18/12/13
NCDEX CASTOR SEED
JAN.
SELL
4820
18/12/13
NCDEX CASTOR SEED
JAN.
BUY
4950
18/12/13
NCDEX DHANIYA
JAN.
BUY
8280
18/12/13
NCDEX DHANIYA
JAN.
SELL
8065
18/12/13
USD/INR
DEC.
SELL
61.86
18/12/13
USD/INR
DEC.
BUY
62.21
18/12/13
EUR/INR
DEC.
SELL
85.18
18/12/13
EUR/NR
DEC.
BUY
85.70
Date
Scrip
CASH/ FUTURE/ OPTION
Strategy
Entry Level
Target
2891029010 2854028440 4545045800 4440044100 47904740 49805030 83108360 80357985 61.7161.54 62.3662.48 84.9984.83 85.8786.05 Target
Stop Loss
Remark
28700
BOOKED FULL PROFIT
28740
NOT EXECUTED
44900
BOOKED PROFIT
44950
NOT EXECUTED
4870
SL TRIGGERED
4900
NOT EXECUTED
8230
SL TRIGGERED
8115
NOT EXECUTED
62.26
SL TERGGERED
61.81
BOOKED PROFIT
85.59
SL TRIGGERED
85.29
NOT EXECUTED
Stop Loss
Remark
18/12/13
NIFTY
FUTURE
SELL
6150
6200
6120-6100
NOT EXECUTED
18/12/13
HDIL
FUTURE
SELL
46-47
44.542.5
48.5
SL TRIGGERED
18/12/13
HDFC
FUTURE
SELL
780
765-750
795
NOT EXECUTED
18/12/13
WOCKHARDT
CASH
BUY
390
410-430
370
NOT EXECUTED
17/12/13
TECH MAHINDRA
FUTURE
BUY
1740-1750
17701790
1715
CALL OPEN
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
SL TRIGGERED
12/12/13
HCLTECH
FUTURE
BUY
1180
12001220
1160
BOOKED PROFIT
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DAILY REPORT 19th DECEMBER. 2013
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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