DAILY REPORT 23rd DECEMBER. 2013
Global markets at a glance Asian stocks inched cautiously higher on Monday encouraged by record highs on Wall Street, though anxiety over a credit squeeze in China has weighed on shares there while adding to pressure on emerging market currencies. European shares rose on Friday, recording their best week in eight months. Europe's broad FTSEurofirst 300 index rose 0.45 percent. The charts outlook also brightened for the broader market, opening the door for more gains on the EuroSTOXX 50 index of euro zone blue-chips, up 0.6 percent at 3,049.35 points. Both the Dow and the S&P 500 finished Friday's session at record closing highs. This marked the Dow's third record closing high in a row. Earlier in Friday's session, the Dow set an all-time intraday high at 16,287.84. Wall Street Update Stocks rose on Friday, capping the best week for major indexes in months as unexpectedly strong data on economic growth increased confidence that the recovery was accelerating. On Wall Street, the Dow Jones ended Friday up 0.26 percent, while the S&P 500 Index added 0.48 percent. Previous day Roundup The market staged spectacular rally on Friday with the Sensex surging 400 points intraday on broad based buying. The rally was largely led by Reliance Industries after the cabinet decision on gas price and liquidity gush by FII despite Fed's decision to taper. The Sensex rallied 371.10 points or 1.79% to 21,079.72, and the Nifty rose 107.60 points or 1.74 percent to close at 6,274.25. Index stats The Bankex and Bank Nifty both advanced 1.81% & 1.85% respectively. Among the sartorial indices all the sectors were up; Capital Goods [up 56.28pts], Oil & Gas [up pts], AUTO [up 244.87pts], PSU [up 111.46pts], Metals [up 51.34pts], Realty [up 37.76pts], TECK [up 73.97pts], IT [up 147.38pts], FMCG [up 53.33pts], Power [up 25.30pts], and Healthcare [up 57.40pts], the index only slipped was Consumer Durables [down 83.78pts].
World Indices Index
Value
% Change
16,221.14
+0.26
S&P 500
1,818.32
+0.48
NASDAQ EURO STO FTSE 100
4,104.74 3,049.35 6,606.58
+1.15 +0.60 +0.69
Nikkei 225 Hong Kong
15,870.42 22,971.56
+0.07 +0.70
DJl
Top Gainers Company
CMP
Change
% Chg
RELIANCE
895.25
41.20
+4.82
ONGC
285.00
11.30
+4.13
WIPRO
548.35
19.20
+3.63
CAIRN
328.70
11.20
+3.53
HDFC
803.65
27.40
+3.53
CMP
Change
% Chg
202.20 2,625.10 579.55 250.00 1,060.65
2.70 15.25 3.35 0.95 0.30
-1.32 -0.58 -0.57 -0.38 -0.03
Prev. Close
Change
%Chg
1,665.00
18.60
+1.13
BFUTILITIE
492.20
23.40
+4.99
ESCORTS
137.30
6.45
+4.93
INFOTECENT
325.00
11.65
+3.72
3,550.00
37.75
+1.07
Prev. Close
Change
%Chg
45.00 55.05
1.30 -0.30
-2.81 -0.54
CMP
Change
% Chg
6,274.25 21,079.72
+107.60 +371.10
+1.74 +1.79
Top Losers Company
SSLT GRASIM SUNPHARMA JINDALSTEL LT
Stocks at 52 Week’s high Symbol
ABBOTINDIA
INFY
Stocks at 52 Week’s Low Symbol
DSKULKARNI ESSARPORTS
Indian Indices Company NIFTY SENSEX
YOUR MINTVISORY
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DAILY REPORT 23rd DECEMBER. 2013
EQUITY CASH & FUTURE
STOCK RECOMMENDATIONS [FUTURE] 1. KOTAK BANK
STOCK RECOMMENDATION 1. BANK NIFTY
KTK BANK FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it continues to sustain above 105. We advise buying around 104-105 levels with strict stop loss 102 for the targets of 107-109 levels.
Bank Nifty Future closed in the green in the last trading session. We advise buying on dips around 11250 with strict stop loss of 11100 for the targets of 11380-11520 levels
2. RELIANCE
RELIANCE FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it continues to sustain above 895. We advise buying around 895-900 levels with strict stop loss 878 for the targets of 915-935 levels. YOUR MINTVISORY
MACRO NEWS In a major exit from the IT major Infosys, V Balakrishnan, Head of Infosys BPO, Finacle, and India Business Unit and Chairman of Infosys Lodestone has resigned. The resignation will be effective from December 31, 2013. The Securities and Exchange Board of India (Sebi) has served Financial Technologies with a show-cause notice calling into question FTIL’s shareholding in MCX-SX . TCS and Infosys together accounted for more than half of the gain. The market capitalisation (m-cap) of TCS climbed Rs 22,849 crore to Rs 4,15,162 crore, while that of Infosys jumped Rs 10,247 crore to Rs 2,03,985 crore. Air India to sell 7 Dream liners to raise $840 million Air Asia may get SOP for domestic services by January end. Government plans cash-for-clunkers scheme to replace 15 -year-old commercial vehicles with new one. Net direct tax collection up 13.7 per cent till December 20 in FY'14. Around Rs 22,000 crore to enter social sector as India Inc steps up CSR plans.
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DAILY REPORT FUTURE & OPTION
23rd DECEMBER. 2013
MOST ACTIVE PUT OPTION Symbol
Option Type
Strike Price
LTP
Traded Volume (Contracts)
Open Interest
NIFTY
PE
6,200
11.70
7,66,426
70,62,100
NIFTY
PE
6,100
3.80
4,70,510
63,26,600
NIFTY
PE
6,000
1.80
2,64,230
51,10,700
BANK NIFTY
PE
11,000
26.00
53,348
3,75,675
SBIN
PE
1,700
6.30
7,870
3,63,250
MCDOWELL-N
PE
2,600
11.40
2,170
1,78,250
RELIANCE
PE
880
4.80
3,411
3,61,000
AXISBANK
PE
1,250
7.50
2,828
3,70,500
Strike Price
LTP
Traded Volume (Contracts)
Open Interest
STOCKS IN NEWS NHPC completes Rs 2,368 crore share buyback PepsiCo India to invest over Rs 1,200 cr on new plant in AP. Deadline for banks to shift to new RTGS standards extended ICICI Bank cuts home loan rates after SBI and HDFC. NIFTY FUTURE
MOST ACTIVE CALL OPTION Symbol
Option Type
NIFTY
CE
6,300
36.00
7,31,086
68,99,650
NIFTY
CE
6,200
103.95
6,58,047
40,94,400
NIFTY
CE
6,400
6.70
2,89,047
49,93,800
BANKNIFTY
CE
11,500
53.10
62.660
3,35,550
RELIANCE
CE
880
21.45
10,537
5,08,750
SBIN
CE
1,750
29.00
10,316
2,56,500
TCS
CE
2,100
38.80
4,653
2,29,000
DLF
CE
160
5.40
3,594
20,35,000
ICICIBANK
CE
1,100
10.90
3,496
4,30,250
Nifty Future closed in the green in the last trading session. We advise buying around 6280-6300 with strict stop loss of 6250 for the targets of 6340-6370 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
101170
3148.21
90256
2800.84
616510
19286.15
347.37
INDEX OPTIONS
707342
21675.77
685007
20917.95
1874063
58524.33
757.81
STOCK FUTURES
334547
9731.87
323292
9497.38
1137319
33176.13
234.49
STOCK OPTIONS
51021
1402.42
53398
1466.90
58631
1607.16
-64.48
TOTAL
1275.29
INDICES NIFTY
S2
S1
PIVOT
R1
R2
6128.88
6201.56
6243.03
6315.71
6357.18
NIFTYJUNIOR
12428.96
12553.58
12623.76
12748.38
12818.56
BANK NIFTY
10984.48
11138.41
11228.48
11382.41
11472.48
YOUR MINTVISORY
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DAILY REPORT 23rd DECEMBER. 2013
COMMODITY MCX
RECOMMENDATIONS SILVER
COMMODITY ROUNDUP Gold has been getting less precious by the day due to the winding back of U.S. stimulus and a general lack of global inflationary pressure. Barring a late price surge, gold's value will suffer its first annual drop since the start of the millennium, while the precious metal risks further losses in 2014. Gold stood at $1,205 an ounce Friday on the London Bullion Market, down almost 27 per cent in 2013 on weaker demand and easing inflation -- snapping twelve years of uninterrupted annual price growth. That leaves gold, whose twin drivers are jewellery demand and investment buying, set for its the first annual price loss since 2000 when its value had fallen by 5.6 per cent. The metal was pinned at $1,202.44 on Monday after carving out a six-month low of $1,187.80 last week. If prices stay here the metal would have shed 28 percent this year, the largest annual loss in 32 years.
TRADING STRATEGY: BUY SILVER ABOVE 44550 TGTS 44750/4505 SL 43950 SELL SILVER BELOW 43550TGTS 43350/43050 SL 43850
In contrast, oil prices have been supported by a positive outlook for fuel demand in the United States and reduced Libyan supply. Brent crude was up 7 cents on Monday at $111.84 a barrel, on top of gains of almost 3 percent last week. U.S. oil futures were a single cent lower at $99.31.
GOLD
The prices of MCX Copper is static and remained trading in a dull zone with lack of interest from the speculators. The metal has been swinging in between Rs 455-465 per kg in the week. The week was on the whole eventful just that the trading interest never chipped in. India’s steel production fell to 14-month low in November at 6.25 million tonne due to subdued demand from sectors such as white goods and automobiles. It is the lowest monthly production since September last year, when it was 6.299 MT. As per the World Steel Association, a premier global industry body, the previous low was in October at 6.461 MT.
TRADING STRATEGY: BUY GOLD ABOVE 28660 TGTS 28740/28840 SL 28540 SELL GOLD BELOW 28260 TGTS 28180/28080 SL 28360
YOUR MINTVISORY
The US Federal Reserve’s recent tapering of its massive bond buying program (termed QE) and the strength in dollar indices is likely to pull down dollar-denominated commodities such as base metals, albeit for the short term.
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DAILY REPORT 23rd DECEMBER. 2013
NCDEX
RECOMMENDATIONS CASTORSEED
NCDEX INDICES Index
Value
% Change
Barley
1451
+0.07
Castor Seed
4939
+0.14
Chana
2844
+2.27
Chilli
7250
-0.08
Coriander
7750
-0.03
Cotton Seed Oilcake
1440
+1.27
12950
-1.28
3565
+0.11
691.65
+0.01
5320
-1.81
Jeera Mustard seed Ref Soya Oil BUY CASTORSEED(JAN) ABOVE 4950 TGT 4980,5030 SL 4900 SELL CASTORSEED(JAN) BELOW 4850 TGT 4820,4770 SL 4900 DHANIYA
Turmeric
NCDEX ROUNDUP US agriculture land prices have dropped for first time in last four year. Recent pressure on grain prices and the start of slower assets purchases announced by the Federal Reserve earlier this week has seen US farmland in the main US cropping states decline for the first time in four year. India Government has raised the basic customs duty on natural rubber imports in view of the crisis facing the plantation industry but still hasn't heeded to the demand for a total import ban on rubber. It also falls short of the demand by Rubber Board to hike customs duty to 25%. Rubber prices fell sharply last month to Rs 15350 per 100 kg levels in the spot market before climbing back to Rs 156 levels in December.
BUY DHANIYA(JAN) ABOVE 8250 TGT 8280,8330 SL 8200 SELL DHANIYA(JAN) BELOW 8100 TGT 8070,8020 SL 8150
YOUR MINTVISORY
Stockiest selling was seen in jeera futures from the higher levels on the back of strong production estimates in the current year along with limited export demand. The NCDEX futures declined by Rs 85 per quintal. The current year jeera production is estimated to be around 40-42 lakh bags in the current year , up almost 5-7 lakh bags from the year. This has reduced the exporters demand in local mandies with the expectation of further decline in prices in coming days.
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DAILY REPORT 23rd DECEMBER. 2013
CURRENCY
RBI Reference Rate Currency
Rate Currency
Rupee- $
62.2420 Yen-100
Euro
84.8774 GBP
USD/INR
SELL USD/INR BELOW 62.15 TGTS 62.00, 61.86 SL 62.51. BUY USD/INR ABOVE 62.53 TGTS 62.69, 62.85 SL 62.17.
Rate
59.5900 101.8092
CURRENCY ROUNDUP The Indian rupee slipped in the early trade today. It has opened lower by 27 paise at 62.39 per dollar versus 62.12 Thursday. . The rupee dropped 14 paise to 62.28 against the American currency in the late morning trade on good demand for dollar from banks and importers on the back of its firmness in overseas markets. However, persistent foreign capital inflows into India's equity market restricted the rupee's fall. The domestic unit resumed lower at 62.40 per dollar as against the last closing level of 62.14 at the Interbank Foreign Exchange (Forex) market. It recovered afterwards to 62.24 per dollar before quoting at 62.28 at 1040hrs. The Indian unit hovered in a range of 62.24-62.40 per dollar during the late morning deals. The dollar index gains to 80.7 levels, while the euro is a tad subdued and the yen faces pressure in early trade ahead of the outcome of a Bank of Japan meeting at which policymakers were expected to maintain their commitment to ultra-easy monetary policy
EUR/INR The dollar was idling at 104.02 yen on Monday after scoring a fresh 5-year high at 104.64 last week. Dealers cited option barriers at 104.75 and 105.00 as the next target for bulls. The euro was a shade firmer at $1.3681, but well short of last week's $1.3811 peak. The single currency was only briefly troubled on Friday when Standard & Poor's cut its supranational long-term rating on the European Union to AA-plus from AAA, citing rising tensions on budget negotiations.
SELL EUR/INR BELOW 84.75 TGTS 84.61, 84.44 SL 85.11. BUY EUR/INR ABOVE 85.29 TGTS 85.41, 85.66 SL 84.93.
YOUR MINTVISORY
Yields on benchmark 10-year Treasuries were holding at 2.89 percent having risen just 2 basis points last week even as the Fed announced its tapering. Currencies from Indonesia to Malaysia and Thailand all came under pressure last week and even the Korean won lost a little of its strength.
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DAILY REPORT 23rd DECEMBER. 2013
CALL REPORT PERFORMANCE UPDATES
Date
Commodity/ Currency Pairs
Contract
Strategy Entry Level
Target
Stop Loss
Remark
20/12/13
MCX GOLD
FEB.
BUY
28580
28660-28760
28470
BOOKED PROFIT
20/12/13
MCX GOLD
FEB.
SELL
28310
28230-28130
28430
SL TRIGGERED
20/12/13
MCX SILVER
MAR.
BUY
44260
44460-44760
43950
SL TRIGGEERD
20/12/13
MCX SILVER
MAR.
SELL
43600
43350-42950
44000
SL TRIGGERED
20/12/13
NCDEX CASTOR SEED
JAN.
SELL
4870
4840-4790
4920
NOT EXECUTED
20/12/13
NCDEX CASTOR SEED
JAN.
BUY
4970
5000-5050
4920
BOOKED PROFIT
20/12/13
NCDEX DHANIYA
JAN.
BUY
8300
8330-8380
8250
BOOKED FULL PROFIT
20/12/13
NCDEX DHANIYA
JAN.
SELL
8135
8105-8055
8185
SL TRIGGERED
20/12/13
JPY/INR
DEC.
SELL
59.76
59.60-59.42
60.15
BOOKED PROFIT
20/12/13
JPY/INR
DEC.
BUY
60.16
60.29-60.49
59.75
SL TRIGGERED
20/12/13
EUR/INR
DEC.
SELL
85.05
84.91-84.78
85.46
BOOKED PROFIT
20/12/13
EURINR
DEC.
BUY
85.52
85.70-85.91
85.11
NOT EXECUTED
Date
Scrip
CASH/FUTURE Strategy
Entry Level Target
Stop Loss
Remark
20/12/13
NIFTY
FUTURE
SELL
6200
6150-6100
6250
SL TRIGGERED
20/12/13
CIPLA
FUTURE
BUY
400-402
407-412
395
CALL OPEN
20/12/13
JSWSTEEL
FUTURE
BUY
966
972-978
958
CALL OPEN
20/12/13
WELSPUN
CASH
BUY
45
48-52
42
BOOKED PROFIT
16/12/13
TATAMOTORS
FUTURE
BUY
368-372
378-384
360
CALL OPEN
US ECONOMIC REPORT
TIME (ET)
REPORT
8:30 AM 8:30 AM 8:30 AM 9:55 AM
PERSONAL INCOME CONSUMER SPENDING CORE PCE PRICE INDEX UMICH CONSUMER SENTIMENT INDEX
8:30 AM 10:00 AM
DURABLE GOODS ORDERS NEW HOME SALES
PERIOD
ACTUAL
MONDAY, DEC. 23 NOV. NOV. NOV. DEC. TUESDAY, DEC. 24 NOV. NOV. WEDNESDAY, DEC. 25
CONSENSUS FORECAST
PREVIOUS
0.4% 0.5% 0.1% 82.9
-0.1% 0.3% 0.1% 82.5
2.0 435,000
-1.6% 444,000
N/A
379,000
CHRISTMAS DAY NONE SCHEDULED 8:30 AM
WEEKLY JOBLESS CLAIMS
THURSDAY, DEC. 26 12/21 FRIDAY, DEC. 27
NONE SCHEDULED
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