DAILY REPORT 20st JANUARY. 2013
World Indices Global markets at a glance European stocks were higher on Friday, as comments by European Central Bank governing council member Jens Weidmann continued to support, as well as remarks by Federal Reserve Chairman Ben Bernanke. During European morning trade, the EURO STOXX 50 edged up 0.14%, France's CAC 40 added 0.20%, while Germany's DAX 30 rose 0.28%.On Thursday, ECB governing council member Weidmann played down fears over the threat of deflation in the currency bloc, saying the risk of broad deflation was limited. The comments came as data confirmed the annual rate of consumer inflation remained well below the ECB's 2% target in December.
Index
Value
% Change
16,458.56
+0.25
S&P 500
1838.70
-0.39
NASDAQ EURO STO FTSE 100
4197.58 3154.10 6829.30
-0.50 +0.12 +0.20
Nikkei 225 Hong Kong
15734.45 23,133.35
-0.08 +0.64
DJl
Top Gainers Company
Wall Street Update Wall Street stocks fell on Friday as quarterly earnings of Intel and General Electric disappointed, contributing to a decline in a measure of global equity markets, while the dollar hit a seven-week high against the euro. The S&P 500 and Nasdaq fell, led by losses in Intel and General Electric after disappointing results. But both indexes managed to end the week slightly higher.
CMP
Change
% Chg
BPCL
340.00
9.65
2.92
CIPLA
420.45
7.80
1.89
BAJAJ-AUTO
1,934.05
26.30
1.38
HINDUNILVR
559.50
7.40
1.34
M&M
900.00
7.35
0.82
CMP
Change
% Chg
2,219.85 155.20 596.55 556.70 1,034.50
-130.45 -6.90 -20.40 -14.85 -24.40
-5.55 -4.26 -3.31 -2.60 -2.30
Prev. Close
Change
%Chg
BHARATFORG
948.00
-7.00
-2.01
INFY
3,725.0
15.95
0.43
HCLTECH
1,390.70
2.30
0.17
DRREDDY
2,644.50
10.50
0.40
743.15
11.95
1.61
Prev. Close
Change
%Chg
CMP
Change
% Chg
6261.65 21063.62
-57.25 -201.56
-0.91 -0.95
Top Losers Company
Previous day Roundup The market ended on a lower note. The Sensex is down 201.56 points at 21063.62, and the Nifty is down 57.25 points at 6261.65. About 869 shares have advanced, 1717 shares declined, and 245 shares are unchanged. Coal India lost 10 percent, TCS fell 6 percent in Monday's trade. Wipro , HDFC and ICICI Bank are major laggards in the Sensex. Among the gainers are Bajaj Auto , BHEL , Cipla , HUL and M&M. Index stats The Market was down in Monday session where Bankex and Bank Nifty both closed almost flat (down –1.57% and down-1.63 % respectively). Among the sartorial indices almost the sectors which were down are; Realty [down4.50 pts], TECK [down-119.83 pts]. Health care [down 18.21 pts], Consumer Durables [down-64.98 pts], Capital Goods [down-24.56 pts], , PSU [down-19.07 pts], , Metals [down-57.82 pts], Power [down –0.90 pts], and the index advanced were Oil & Gas [ up 21.87pts] AUTO [up 4.19 pts] IT [-246.11 pts], FMCG [up 4.26 pts]
TCS DLF PNB WIPRO ICICI BANK
Stocks at 52 Week’s high Symbol
CERA
Stocks at 52 Week’s Low Symbol
--
Indian Indices Company NIFTY SENSEX
YOUR MINTVISORY
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DAILY REPORT 20st JANUARY. 2013
EQUITY CASH & FUTURE
STOCK RECOMMENDATIONS [FUTURE] 1. AXIS BANK FUTURE
STOCK RECOMMENDATION [CASH] 1. ALL CARGO LOGISTICS
AXIS BANK FUTURE is looking weak on charts, short build up has been seen, we may see more downside, if it sustains below 1145 levels. We advise selling on rise around 11601170 levels with strict stop loss 1200 for the targets of 1130-1105 levels.
ALL CARGO LOGISTICS is looking strong on charts. We advice buying above 138 levels with strict stop loss of 132 for the targets of 144-148 levels.
2.BAJAJ AUTO FUTURE
BAJAJ AUTO FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sustains above 1950 levels. We advise buying above 1950 levels with strict stop loss 1890 for the targets of 1990-2040 levels.
YOUR MINTVISORY
MACRO NEWS Mahindra and Mahindra , India's largest utility vehicle maker, said it would halt production for up to three days this month at its automotive factories to align output with sales requirements. Intel Corp plans to reduce its global workforce of 107,000 by about 5 percent this year as the chipmaker, struggling with falling personal-computer sales, shifts focus to faster-growing areas Moody's says that it maintains a stable outlook for India. Though Moody's is concerned about the government's populist measures, it does not think that these policies warrant a downgrade yet. Moody's senior economist Atsi Sheth expects even if the deficit was missed by a 0.1 percent of GDP, that number would have been within the rating agency’s range. “So, it would not have been a factor that would rive a rating change by itself Reliance Industries (RIL) today confirmed that it will be offering Voice as one of the service as part of its telecom rollout.
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DAILY REPORT FUTURE & OPTION
20st JANUARY. 2013
STOCKS IN NEWS Coal India goes ex-dividend (Rs 29 per share) TCS reports lower than expected revenues and operating profit margin but PAT beats forecast KRBL's Q3 consolidated net profit rose to Rs 71 crore versus Rs 21 crore YoY Govt will sell 10 percent stake in IOC to oil companies via block deals NIFTY FUTURE
MOST ACTIVE PUT OPTION Symbol
Option Type
Strike Price
LTP
Traded Volume (Contracts)
Open Interest
NIFTY
PE
6,200
34.5
4,26,281 56,72,650
NIFTY
PE
6,300
74.5
4,04,859 35,61,350
NIFTY
PE
6,100
14.65
2,10,180 53,45,300
BANKNIFTY
PE
11,000 205.25
18,351
2,11,725
BANKNIFTY
PE
10,800 110.15
13,481
1,34,625
BANKNIFTY
PE
10,500
39
12,559
2,92,900
TCS
PE
2,200
26
19,260
5,93,000
TCS
PE
2,250
50
12,200
4,21,875
Traded Volume (Contracts)
MOST ACTIVE CALL OPTION Symbol
Option Type
Strike Price
LTP
Open Interest
NIFTY
CE
6,300
46.55
4,34,032 52,77,800
NIFTY
CE
6,400
16.05
3,99,616 51,41,200
NIFTY
CE
6,500
4.55
2,11,314 43,39,200
BANKNIFTY
CE
11,500
29
28,519
4,06,550
BANKNIFTY
CE
1,800
144
17,417
2,34,425
TCS
CE
900
4
15,170
8,98,875
TCS
CE
2,200
6.75
13,376
RELIANCE
CE
1,100
10
TCS
CE
2,200
58.60
Nifty Future closed in the red in the last trading session. 4,73,625 We advise selling around 6290-6300 levels with strict 9,470 15,65,750 stop loss of 6350 for the targets of 6240-6200 levels. 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
55051
1718.55
43294
1351.11
492282
15401.18
367.45
INDEX OPTIONS
329247
10196.47
318082
9821.18
1277577
40104.61
375.29
STOCK FUTURES
49563
1671.37
50445
1692.63
1060928
33634.72
-21.26
STOCK OPTIONS
47023
1481.99
47929
1516.70
99270
3233.97
-34.70
TOTAL
686.77
INDICES NIFTY
S2
S1
PIVOT
R1
R2
6275.1
6297.0
6321.75
6343.65
6368.4
NIFTYJUNIOR
12362.4
12426.4
12537.9
12601.9
12713.4
BANK NIFTY
10995.65
11044.09
11118.45
11166.89
11241.24
YOUR MINTVISORY
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DAILY REPORT 20st JANUARY. 2013
COMMODITY MCX
RECOMMENDATIONS SILVER
COMMODITY ROUNDUP Gold managed to end the week with marginal gains as the prices cheered the data of housing starts showing unexpected decline. Consumer sentiments decrease also benefited the sentiments for Gold. Gold for February delivery, the most actively traded contract, gained $11.70 or 0.9 percent to close at $1,251.90 an ounce Friday on the Comex division of the New York Mercantile Exchange. In US, consumer sentiment in the U.S. unexpectedly deteriorated in January, a report from Thomson Reuters and the University of Michigan said Friday. The consumer sentiment index dropped to 80.4 in January from 82.5 in December. Economists expected the index to climb to 83.5. The decrease was attributed to lowered expectations among lower - and middle-income families.
TRADING STRATEGY: BUY SILVER ABOVE 45350 TGTS 45600/45950 SL 45000 SELL SILVER BELOW 44800 TGTS 44550/44200 SL 45150 GOLD
TRADING STRATEGY: BUY GOLD ABOVE 29350 TGTS 29430/29530 SL 29250 SELL GOLD BELOW 29150 TGTS 29070/28970 SL 29250
YOUR MINTVISORY
Housing starts fell 9.8% to an annual rate of 999000 in December after jumping 23.1% to the revised November estimate of 1.107 million. Economists expected housing starts to drop to an annual rate of 985000 from the 1.091 million originally reported for the previous month, reflecting a 9.7% decrease. Crude Oil prices showed a good performance in the week ending 17 January 2014 on the back of fall in Crude stockpiles and rise in US economic data. Light Sweet Crude Oil for February expiry closed at $ 94.37 per barrel, up 1.8% in the week. Inventories maintained by Energy Information Administration showed a decline of 7.7 million barrels, to 350.2 million barrels for the week ending 10 January 2014. The report also showed that total motor gasoline inventories increased by 6.18 million barrels, above expectations for a gain of 2.54 million barrels. Meanwhile, the record low temperatures in US resulted in a sharp spike in the demand of Natural Gas. A record withdrawal of 287 billion (BCF) was recorded from Gas storage facilities. MCX Natural gas futures slipped today as the global prices witnessed some profit selling ahead of the weekends amid mixed movement in global stock markets. The commodity had gained yesterday after US government data showed that supplies of the heating fuel fell by a record amount last week on frigid temperatures. Natural gas for February delivery climbed 5.7 cents
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DAILY REPORT 20st JANUARY. 2013
NCDEX
RECOMMENDATIONS CASTORSEED
NCDEX INDICES Index
Value
% Change
Castor Seed
4309
-0.81
Chana
3065
0.07
Coriander
7949
0.35
Cotton Seed Oilcake
1554
-1.08
12567.5
-0.18
Maize– Feed/ Industrial grade
1185
-0.59
Mustard seed
3630
-0.35
Soy Bean
3720
-0.35
Turmeric
6680
-1.01
Jeera
BUY CASTORSEED FEB ABOVE 4360 TGTS 4390,4440 SL 4310 SELL CASTORSEED FEB BELOW 4270 TGTS 4240,4190 SL 4320 DHANIYA
NCDEX ROUNDUP The turmeric futures extended the losses as short selling continued at higher side. The turmeric futures for the April delivery ended the day at Rs 6680, down Rs 68 or 1.01%. Stockiest are currently active in Turmeric markets. The mandies in Andhra Pradesh opened yesterday after a short Holiday on account of local festivities owing to Pongal. Nizamabad has seen some new crop arrivals and such arrivals are expected to increase in coming days. Spot prices are lingering at Rs 5876, down Rs 29 per quintal on the day. The market sources suggested that the total production of turmeric in the current year is estimated at 52 lakh bags against 70 lakh bags that were estimated in the last year. The sources added that poor rainfall in Erode during the sowing period will reduce the total production of the turmeric crop in the current year. The lower opening stocks in major mandies also witnessed strong stockiest demand.
BUY DHANIYA FEB ABOVE 8090 TGTS 8120,8170 SL 8030 SELL DHANIYA FEB BELOW 8115 TGTS 8085,8035 SL 8165
YOUR MINTVISORY
Wheat and Rice sowing is continuing at a good pace. According to latest updates, the acreage under wheat has gone up by 6.34% to 3.13.69 lakh hectres while that of rice has jumped by 37% to 10.51 lakh hectares. Call us at +91-731-6642300
DAILY REPORT 20st JANUARY. 2013
CURRENCY
RBI Reference Rate Currency
Rate Currency
Rupee- $
61.3518 Yen-100
Euro
83.5223 GBP
Rate
57.7800 100.2120
GBP/INR CURRENCY ROUNDUP
BUY GBP/INR ABOVE 101.43 TGTS 101.58,101.76 SL 101.08. SELL GBP/INR BELOW 100.56 TGTS 100.39,100.21 SL 100.91 JPY/INR
BUY JPY/INR ABOVE 59.12 TGTS 59.26, 59.40 SL 58.82. SELL JPY/INR BELOW 58.83 TGTS 58.69, 58.51 SL 59.13.
YOUR MINTVISORY
The Asian equity markets this morning are trading mostly in the negative and down in the range of 0.25 percent-1.00 percent tracking mixed to mostly negative cues out of the US equity indices overnight . While the Dow Jones and the S&P 500 ended lower at 16417 and 1845 levels respectively ,down by 0.39 percent and 0.13 percent the Nasdaq outperformed by closing marginally higher at 4218 ,up by 0.09 percent. Tracking the same the SGX NIFTY futures too is trading lower by 18 points indicating a negative start for the domestic equity indices .From the currency space the Dollar index too is trading a little subdued at the 80.95 mark, up marginally by 0.05 percent while the Euro and the Pound sterling are trading at 1.3612 and 1.6331 levels ,down by 0.15 percent and 0.08 percent respectively. However most of the emerging market currencies this morning are on an marginally appreciating note but the 1 month rupee forward which is at the 61.82 mark is trading on a flat to marginally negative note against the dollar. .From the Economic data perspective we have the Retail sales number from the UK while from the Euro zone we have only the construction output number, Industrial production number M-O-M (expected to grow at a slower pace of 0.3 percent while the prior number stood at 1.1 percent) and the University of Michigan confidence number (expected to show slight improvement) So basically as per the market estimate the numbers are not expected to be encouraging for the dollar. However any surprises might instill volatility in the currency. The pound rose against the dollar on Friday after data revealed U.K. retail sales came in much stronger in December than expected. In U.S. trading on Friday, GBP/USD was trading at 1.6420, up 0.41%, up from a session low of 1.6310 and off a high of 1.6458. Cable was likely to find support at 1.6310, the earlier low, and resistance at 1.6508, Monday's high.
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DAILY REPORT 20st JANUARY. 2013
CALL REPORT PERFORMANCE UPDATES
Date
Commodity/ Currency Pairs
Contract
Strategy
Entry Level
Target
Stop Loss
Remark
17/01/14
MCX GOLD
FEB.
BUY
29100
29270-29370
29070
BOOKED PROFIT
17/01/14
MCX GOLD
FEB.
SELL
29000
28820-28820
29120
BOOKED PROFIT
17/01/14
MCX SILVER
MAR.
BUY
44950
45150-45450
44600
BOOKED PROFIT
17/01/14
MCX SILVER
MAR.
SELL
44600
44400-44100
44950
BOOKED PROFIT
17/01/14
NCDEX CASTOR SEED
FEB.
BUY
4445
4475-4505
4395
NOT EXECUTED
17/01/14
NCDEX CASTOR SEED
FEB.
SELL
4370
4340-4290
4420
BOOKED FULL PROFIT
17/01/14
NCDEX DHANIYA
FEB.
BUY
8250
8280-8330
8200
NOT EXECUTED
17/01/14
NCDEX DHANIYA
FEB.
SELL
8070
8040-7990
8120
BOOKED PROFIT
17/01/14
USD/INR
JAN.
SELL
61.52
61.38-61.18
61.82
BOOKED PROFIT
17/01/14
USD/INR
JAN.
BUY
61.95
62.09-62.23
61.60
NOT EXECUTED
17/01/14
GBP/INR
JAN.
SELL
100.55
100.40-100.25
100.91
BOOKED PROFIT
17/01/14
GBP/INR
JAN.
BUY
101.15
101.34-101.55
100.79
BOOKED PROFIT
Date
Scrip
CASH/ FUTURE/ OPTION
Strategy
Entry Level
Target
Stop Loss
Remark
17/01/14
NIFTY
FUTURE
BUY
6300
6350-6380
6250
SL TRIGGERED
17/01/14
ITC
FUTURE
BUY
332
338-345
327
NOT EXECUTED
17/01/14
BHARATFORGE
FUTURE
BUY
348
358-365
342
SL TRIGGERED
17/01/14
GITANJALI
CASH
BUY
70
75-85
65
CALL OPEN
15/01/14
SKS MICRO
CASH
BUY
186
192-198
180
CALL OPEN
09/01/14
GRAVITA
CASH
BUY
46
50-54
41
BOOKED PROFIT
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DAILY REPORT 20st JANUARY. 2013
ECONOMIC CALENDAR
NEXT WEEK'S U.S. ECONOMIC REPORTS TIME (ET)
REPORT
PERIOD
ACTUAL
CONSENSUS FORECAST
PREVIOUS
MONDAY, JAN 20 MARTIN LUTHER KING JR. DAY NONE SCHEDULED TUESDAY, JAN 21 NONE SCHEDULED WEDNESDAY, JAN.22 NONE SCHEDULED THURSDAY, JAN. 23 8:30 AM
WEEKLY JOBLESS CLAIMS
1/18
N/A
N/A
9 AM
MARKIT "FLASH" PMI
JAN.
--
55.0
9 AM
FHFA HOME PRICES
NOV.
--
8.2% Y-O-Y
10 AM
EXISTING HOME SALES
DEC.
4.95 MLN
4.90 MLN
10 AM
LEADING INDICATORS
DEC.
--
0.8%
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