DAILY REPORT 20th DECEMBER. 2013
Global markets at a glance Tokyo's Nikkei benchmark .N225 shed 0.5 percent, ahead of the outcome of a two-day Bank of Japan policy meeting. The index rallied 1.7 percent to its highest closing level in six years on Thursday as the yen slid. European shares posted their biggest one-day gain in three months on Thursday after the U.S. Federal Reserve unveiled plans to phase out its stimulus plan more gently. European equities briefly trimmed their gains in the afternoon after a mixed set of U.S. data including a sharp rise in the number of Americans filing new claims for unemployment benefits. Wall Street Update Overnight, U.S. stocks finished mostly flat as investors paused after a rally in the previous session, though the Dow Jones industrial average .DJI closed at its second record high in a row. U.S. S&P 500 E-mini futures inched up 0.1 percent in early Asian trade on Friday. U.S. government bond prices fell overnight on emerging doubts about the Fed's commitment to rock-bottom interest rates. Previous day Roundup The market gave up some of previous day’s gains on Thursday on fears that Fed tapering, which will begin in January, may impact inflow of overseas money. However, it rallied 158 points in opening trade to surpass the 21,000-mark on the Sensex following strong up-move in global peers, but immediately that rally washed out. The Sensex slipped 151.24 points to close at 20,708.62, and the Nifty lost 50.50 points to 6,166.65. Index stats The Bankex and Bank Nifty both declined 2.43% & 2.38% respectively. Among the sartorial indices the sectors which were down are; Capital Goods [down 194.84pts], Oil & Gas [down 104.90pts], AUTO [down 37.97pts], PSU [down 83.44pts], Consumer Durables [down 55.87pts], Power [down 16.80pts], Realty [down 11.07pts], FMCG [down 6.90pts] and the index soared were Metals [up 21.82pts], TECK [up 61.54pts], IT [up 151.93pts], Healthcare [up 106.04pts].
World Indices Index
Value
% Change
16,179.08
+0.07
S&P 500
1,809.60
-0.06
NASDAQ EURO STO FTSE 100
4,058.14 3,031.05 6,584.70
-0.29 +1.88 +1.43
Nikkei 225 Hong Kong
15,760.73 22,86.52
-0.62 -0.18
DJl
Top Gainers Company
CMP
Change
% Chg
HCLTECH
1,244.55
47.10
+3.93
MARUTI
1,784.00
54.05
+3.12
RANBAXY
451.70
10.50
+2.38
LUPIN
912.25
20.55
+2.30
WIPRO
533.50
11.80
+2.26
CMP
Change
% Chg
723.00 1,062.50 273.20 1,062.80 778.00
27.20 33.30 8.05 29.90 20.25
-3.63 -3.04 -2.86 -2.74 -2.54
Prev. Close
Change
%Chg
AUROPHARMA
377.80
0.65
+0.17
BFUTILITIE
468.80
22.30
+4.99
BHARATFORG
326.85
14.40
4.61
HCLTECH
1,244.55
47.10
+3.93
INFY
3,515.10
57.65
+1.67
Prev. Close
Change
%Chg
418.95 374.00
4.60 22.80
+1.11 +6.49
CMP
Change
% Chg
6,166.65 20,708.62
-50.50 -151.24
-0.81 -0.73
Top Losers Company
KOTAKBANK ICICIBANK ONGC LT HDFC
Stocks at 52 Week’s high Symbol
Stocks at 52 Week’s Low Symbol
MYSOREBANK STAR
Indian Indices Company NIFTY SENSEX
YOUR MINTVISORY
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DAILY REPORT 20th DECEMBER. 2013
EQUITY CASH & FUTURE
STOCK RECOMMENDATIONS [FUTURE] 1. CIPLA
STOCK RECOMMENDATION [CASH] 1. WELSPUN CORP
CIPLA FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it continues to sustain above 400. We advise buying around 400-402 levels with strict stop loss 395 for the targets of 407-412 levels.
WELSPUN CORP is looking strong on charts. We advise buying above 45 levels with strict stop loss of 42 for the targets of 48-52 levels.
2. JSW STEEL
MACRO NEWS
JSW STEEL FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it continues to sustain above 966. We advise buying above 966 levels with strict stop loss 958 for the targets of 972-978 levels.
YOUR MINTVISORY
The Coal Ministry has issued show cause notices to Adani Power and Jayaswal Neco Industries Ltd for delays in developing the mines allocated to them. MCX calls board meeting on Dec 26 to discuss FTIL stake issue. Essar, JSPL, KIOCL keen on joining RINL-NMDC pipeline venture . UK-based CDC Group has invested $16 mn (Rs 99.6 cr) in Chennai-based microfinance institution Equitas. Govt allows Coal India to produce gas from coal seams. Govt may do a rethink on monthly hike in diesel rates. The CCEA approved interest-free loan for the ailing sugar industry to pay off cane arrears. The interest amount would be paid by the Centre and through the Sugar Development Fund. The Cabinet has allowed Reliance Industries to charge the new gas price for all its fields against a bank guarantee to be encashed.
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DAILY REPORT FUTURE & OPTION
20th DECEMBER. 2013
MOST ACTIVE PUT OPTION Symbol
Option Type
Strike Price
LTP
Traded Volume (Contracts)
Open Interest
NIFTY
PE
6,200
55.35
6,69,079
47,40,150
NIFTY
PE
6,100
19.85
5,72,110
55,67,800
NIFTY
PE
6,000
5.90
3,43,669
58,68,550
BANK NIFTY
PE
11,000
94.50
74,019
2,94,175
SBIN
PE
1,700
15.00
9,700
3,52,375
POWERGRID
PE
95
0.15
6,189
66,08,000
RELIANCE
PE
840
3.75
3,261
3,85,000
INFY
PE
3,500
24.00
3,005
1,26,500
Strike Price
LTP
Traded Volume (Contracts)
Open Interest
STOCKS IN NEWS SKS Mircofinance completes Rs 215cr in debt securitization. Hindunilever forays into premium basmati rice. Welspun Energy commissions its first solar power project in Karnataka. SBI cut home loan rates by 0.4% for new borrowers. HDFC cuts lending rates for loans up to Rs 75 Lakh. Canbank gets licence to open a branch in New York IDFC not eligible for bank licence. NIFTY FUTURE
MOST ACTIVE CALL OPTION Symbol
Option Type
NIFTY
CE
6,200
39.00
6,74,151
56,12,350
NIFTY
CE
6,300
11.20
6,51,718
80,08,850
NIFTY
CE
6,400
2.90
3,24,073
51,80,700
BANKNIFTY
CE
11,500
29.25
69,037
3,26,700
SBIN
CE
1,800
9.30
10,692
5,09,875
POWERGRID
CE
100
1.15
6,828
51,50,000
RELIANCE
CE
860
2.75
5,974
7,70,750
TCS
CE
2,100
24.80
6,183
3,45,375
MCDOWELL-N
CE
2,600
77.25
5,622
2,55,250
Nifty Future closed in the red in the last trading session. We advise selling around 6200 with strict stoploss of 6250 for the targets of 6150-6100 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
81489
2507.47
100740
3081.78
584496
17937.60
-574.32
INDEX OPTIONS
800727
24280.46
779730
23662.36
1865734
57259.58
618.09
STOCK FUTURES
132943
3735.02
142338
3885.60
1122516
31396.58
-150.58
STOCK OPTIONS
58900
1640.24
61082
1709.44
58142
1557.66
-69.20
TOTAL
-176.01
INDICES NIFTY
S2
S1
PIVOT
R1
R2
6080.65
6123.65
6193.7
6236.7
6306.75
NIFTYJUNIOR
12366.11
12430.13
12501.46
12565.48
12636.81
BANK NIFTY
10745.64
10916.54
11211.04
11381.94
11676.44
YOUR MINTVISORY
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DAILY REPORT 20th DECEMBER. 2013
COMMODITY MCX
RECOMMENDATIONS SILVER
COMMODITY ROUNDUP U.S. crude prices slipped 0.4 percent to $98.70 a barrel, paring some of Thursday's 1 percent rise on the back of U.S. refinery oil demand to meet robust distillate exports. Gold hit a ear six-month low of $1,185.30 an ounce earlier on Friday, though it rebounded 0.3 percent after having slumped 2.3 percent overnight. The metal is down nearly 29 percent, heading for its worst annual decline since 1981. US Gold futures edged lower and was seen trading down as US Federal Reserve Chairman announced the first cut in bond buying program after a two day policy meeting on Thursday. Comex gold futures for February delivery on electronic platform was seen trading with a loss of $15.5 at $1235 per troy ounce as of 10.09 IST on Thursday.
TRADING STRATEGY: BUY SILVER ABOVE 44260 TGTS 44460/44760 SL 43950 SELL SILVER BELOW 43600TGTS 43350/42950 SL 44000 GOLD
India gold futures opened on a negative note at Rs.28767 on Thursday tracking weak trend in gold futures in the global market. MCX GOLD February contract was closed at Rs 28362 down Rs 506 , or -1.75 percent. The GOLD rate touched an intraday high of Rs 28785 and an intraday low of Rs 28335. 21652 contracts had been traded. Gold Price was taking support at 28350 and traded in sideways range all day. In evening session gold price broke the nearest support of 28400 and made low of 28235. MCX SILVER March contract was closed at Rs 43869 down Rs 1479, or -3.26 percent. The SILVER rate touched an intraday high of Rs 45020 and an intraday low of Rs 43629. 29377 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 day low 43629 . After 2.00 p.m. Silver seen more selling pressure and it will helpful to break the nearest support 43600.
TRADING STRATEGY: BUY GOLD ABOVE 28580 TGTS 28660/28760 SL 28470 SELL GOLD BELOW 28310 TGTS 28230/28130 SL 28430 YOUR MINTVISORY
FOMC took a hard step declining the monthly stimulus of $ 85 billion by $ 10 billion. The decision has killed the confidence in traders to go long. The prices declined marginally as the holiday season is picking strength. LME three month prices of Copper were down $ 24 per tonne, at $ 7204 per tonne. MCX Copper was trading at Rs 458 per kg, down 0.76%. The prices have tested a high of Rs 461.7 per kg and a low of Rs 457.75 per kg.
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DAILY REPORT 20th DECEMBER. 2013
NCDEX
RECOMMENDATIONS CASTORSEED
NCDEX INDICES Index
Value
% Change
Barley
1358
-1.06
Castor Seed
4413
+0.75
Chana
3044
-0.13
Chilli
7348
-3.29
Coriander
7682
+1.25
Cotton Seed Oilcake
1389
-1.14
12730
+0.53
Mustard seed
3785
-0.24
Ref Soya Oil
721.5
-0.35
Turmeric
5402
+2.35
Jeera
BUY CASTORSEED JAN ABOVE 4970 TGTS 5000,5050 SL 4920 SELL CASTORSEED JAN BELOW 4870 TGTS 4840,4790 SL 4920 DHANIYA
NCDEX ROUNDUP With the new government in place, paddy arrival in the societies is slowing picking up in Chhattisgarh. Following the election and delay in harvest, the paddy arrival was severely affected initially. Chana prices fell for the fourth straight day by losing 0.23% to Rs 3,019 per quintal in futures trade yesterday on sluggish demand in the spot market against increased supplies from producing regions. At the National Commodity and Derivatives Exchange, chana for delivery in January fell by Rs 7, or 0.23% to Rs 3,019 per quintal with an open interest of 86,920 lots. Sluggish demand in the spot market against on increased supplies from producing regions mainly kept pressure on chana prices at futures trade. Cardamom remained weak for the second straight day and prices shed 0.95% to Rs 706.60 per kg in futures trade yesterday as speculators booking profits, driven by sluggish demand in the spot market against stocks position. At the Multi Commodity Exchange, cardamom for delivery in January declined by Rs 6.80, or 0.95%, to Rs 706.60 per kg in business turnover of 170 lots.
BUY DHANIYA JAN ABOVE 8300 TGT 8330,8380 SL 8250 SELL DHANIYA JAN BELOW 8135 TGT 8105,8055 SL 8185
YOUR MINTVISORY
Oil meal exports are likely to be around 2 million tons in the next four months. Last year in the corresponding period of December to March, oil meal exports were 2.45 mn tonnes. Call us at +91-731-6642300
DAILY REPORT 20th DECEMBER. 2013
CURRENCY
RBI Reference Rate Currency
Rate Currency
Rupee- $
62.3800 Yen-100
Euro
85.2945 GBP
JPY/INR
Rate
59.9800 102.1535
CURRENCY ROUNDUP The yen was down 0.1 percent at 104.32 yen to the dollar, within striking distance of a more than five-year trough of 104.37 yen set on Thursday. The euro eased 0.2 percent to $1.36375, hitting a two-week low. The euro was flat on the day against its Japanese counterpart at 142.42 yen, within sight of its five-year high of 142.89 yen struck after the Fed's move. The euro was down about 0.1 percent against the dollar at $1.3655, not far from the previous session's low of $1.3649, which was its deepest nadir against the dollar since Dec. 6.
SELL JPY/INR BELOW 59.76 TGTS 59.60, 59.42 SL 60.15. BUY JPY/INR ABOVE 60.16 TGTS 60.29, 60.49 SL 59.75. EUR/INR
The Australian dollar wallowed not far from a 3-1/2-year low hit after the Fed revealed its stimulus reduction plans. The Aussie fell as far as $0.8820, its lowest since August 2010, and was last down about 0.1 percent at $0.8856.Against a basket of major currencies, the dollar .DXY was up 0.1 percent at 80.741, a two-week high. The rupee slipped by five paise to close at 62.14 against the US dollar in the spot market today. The rupee is likely to see some volatility in short-term as US Fed's decision to wind down its easy money policy will tighten liquidity conditions in developed economies and also on account of India's low import cover. The foreign exchange market will remain concerned about the maturity of forex swaps with oil companies which may come up in February-April. The RBI opened the oil swap window on August 28 after the rupee fell to an all-time low of 68.82 against dollar. The window was open till the first week of December. The window directly offered dollars to the three oil marketing companies (OMCs) for equivalent rupees which they have to return over a period of time.
SELL EUR/INR BELOW 85.05 TGTS 84.91, 84.78 SL 85.46. BUY EUR/INR ABOVE 85.52 TGTS 85.70, 85.91 SL 85.11.
YOUR MINTVISORY
The dollar remained on firm footing, supported by a rise in U.S. Treasury yields a day after the U.S. Federal Reserve said it would start to cut its bond-buying stimulus.
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DAILY REPORT 20th DECEMBER. 2013
CALL REPORT PERFORMANCE UPDATES
Date
Commodity/ Currency Pairs
Contract
Strategy
Entry Level
Target
Stop Loss
Remark
18/12/13
MCX GOLD
FEB.
BUY
28950
29080-29130
28820
NOT EXECUTED
18/12/13
MCX GOLD
FEB.
SELL
28620
28540-28440
28740
BOOKED FULL PROFIT
18/12/13
MCX SILVER
MARCH
BUY
45550
45750-46150
45150
NOT EXECUTED
18/12/13
MCX SILVER
MARCH
SELL
45200
45000-44600
45600
NOT EXECUTED
18/12/13
NCDEX CASTOR SEED
JAN.
SELL
4805
4775-4725
4855
NOT EXECUTED
18/12/13
NCDEX CASTOR SEED
JAN.
BUY
4890
4910-4960
4840
BOOKED PROFIT
18/12/13
NCDEX DHANIYA
JAN.
BUY
8190
8220-8270
8140
BOOKED PROFIT
18/12/13
NCDEX DHANIYA
JAN.
SELL
8070
8050-8000
8120
NOT EXECUTED
18/12/13
USD/INR
DEC.
SELL
61.80
61.64-61.47
62.21
NOT EXECUTED
18/12/13
USD/INR
DEC.
BUY
62.31
62.45-62.64
61.90
BOOKED PROFIT
18/12/13
GBP/INR
DEC.
SELL
101.02
100.83-100.67
101.47
NOT EXECUTED
18/12/13
GBP/NR
DEC.
BUY
101.90
102.09-102.23
101.35
BOOKED FULL PROFIT
Stop Loss
Remark
Date
Scrip
CASH/ FUTURE
Strategy
Entry Level
Target
18/12/13
AMBUJA CEMENT
FUTURE
BUY
181
183-185
179
SL TRIGGERED
18/12/13
DLF
FUTURE
BUY
160-161
163-165
158
BOOKED PROFIT
18/12/13
ORCHID
CASH
BUY
62
65-67
59
BOOKED PROFIT
17/12/13
TECH MAHINDRA
FUTURE
BUY
1740-1750
1770-1790
1715
BOOKED FULL PROFIT
16/12/13
TATAMOTORS
FUTURE
BUY
368-372
378-384
360
CALL OPEN
US ECONOMIC REPORT
TIME (ET)
REPORT
PERIOD
ACTUAL
CONSENSUSFORECAST
PREVIOUS
FRIDAY, DEC. 20 8:30 AM
GDP REVISION
Q3
3.6%
3.6%
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