DAILY REPORT 24th DECEMBER. 2013
Global markets at a glance Asian equity markets rose on Monday, but trading volumes were thin with Japanese markets shut for the Emperor's Birthday. China's Shanghai Composite rose 0.05 percent to 2,085.93 and Hong Kong's Hang Seng went up 181.82 points or 0.80% to 22,994, at 8:10 hours IST. Asian markets took cheer on Tuesday after Wall Street rang up more records and upbeat U.S. spending data burnished the outlook for the global economy, with Japan's Nikkei hitting a 2013 high after Tokyo markets opened. Tokyo's Nikkei sped to a six-year peak, adding about 0.8 percent and topping the 16,000-mark, driven by buying from long-only investors after Wall Street marched upwards. Japan's benchmark was up more than 50 percent this year, on track for its best annual rise since 1972. Wall Street Update U.S. stocks rose on Monday after data showed consumer spending rose to a five-month high last month, and the latest consumer sentiment reading showed improvement. Despite the signs of strength, inflation remains benign, with a price index for consumer spending unchanged for a second straight month. The Dow Jones industrial average rose 0.45 percent, while the S&P 500 gained 0.53 percent and the Nasdaq 1.08 percent. Previous day Roundup After Friday’s 371-point rally on the Sensex, equity benchmarks saw consolidation on Monday as there is no trigger in near term. However, broader markets rallied smartly. It was a flat closing for the market amid thin volumes as investors are eyeing a Christmas holiday. The volatility was also on account of December series expiry that will be on Thursday. The Sensex rose 21.31 points to close at 21,101.03, and the Nifty advanced 10.25 points to 6,284.50 Index stats The Bankex and Bank Nifty both advanced 0.80% & 0.76% respectively. Among the sartorial indices all the sectors were up; Capital Goods [up 130.14pts], Oil & Gas [up 48.36 pts], AUTO [up 27.92pts], PSU [up 60.82pts], Consumer Durables [up 43.92pts], FMCG [up 19.37pts], Metals [up 148.99pts], Realty [up 44.45pts], Power [up 15.52pts], and Healthcare [up 38.40pts], the index slipped were TECK [down 41.66pts], IT [down 88.29pts] .
YOUR MINTVISORY
World Indices Index
Value
% Change
16,294.61
+0.45
S&P 500
1,827.99
+0.53
NASDAQ EURO STO FTSE 100
4,148.90 3,070.91 6,678.61
+1.08 +0.71 +1.09
Nikkei 225 Hong Kong
15,995.21 23,078.97
+0.79 +0.69
DJl
Top Gainers Company
CMP
Change
% Chg
JINDALSTEL
264.00
13.55
+5.41
PNB
621.00
26.50
+4.48
DLB
169.70
6.80
+4.17
HINDALCO
123.60
4.15
+3.47
2,702.05
71.36
+2.71
CMP
Change
% Chg
3,467.00 89.00 789.95 911.00 485.00
84.35 1.70 11.90 9.50 4.60
-2.38 -1.87 -1.48 -1.03 -0.94
Prev. Close
Change
%Chg
ARVIND
135.10
8.35
+6.59
BFUTILITIE
516.80
24.60
+5.00
BHARATFORG
332.00
5.65
+1.73
DELTACORP
107.70
5.90
+5.80
ESCORTS
139.65
2.45
+1.79
Prev. Close
Change
%Chg
45.45 55.15
0.40 0.10
+0.89 +0.18
CMP
Change
% Chg
6,284.50 21,101.03
+10.25 +21.31
+0.16 +0.10
GRASIM
Top Losers Company
INFY TATAPOWER HDFC LUPIN ASIANPAINT
Stocks at 52 Week’s high Symbol
Stocks at 52 Week’s Low Symbol
DSKULKARNI ESSARPORTS
Indian Indices Company NIFTY SENSEX
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DAILY REPORT 24th DECEMBER. 2013
EQUITY CASH & FUTURE
STOCK RECOMMENDATIONS [FUTURE] 1. DLF
STOCK RECOMMENDATION [CASH] 1. AMTEK INDIA LTD.
DLF FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it continues to sustain above 170. We advise buying around 170-171 levels with strict stop loss 167 for the targets of 174-178 levels.
AMTEK INDIA LTD is looking strong on charts. We advise buying above 63 levels with strict stop loss of 60 for the targets of 66-69 levels.
2. LIC HOUSING
MACRO NEWS A committee under the Ministry of Environment and Forests has given Coastal Regulation Zone (CRZ) clearance to Indian Oil Corporation for setting up of 5 million tonne LNG terminal at Ennore in Tamil Nadu. Natural gas prices in India may jump to $ 10 within three years of implementation of the Rangarajan formula, generating enough additional revenue to meet higher subsidy outgo on the fertiliser sector. Around Rs 22,000 crore is expected to gush into the social sector from the next financial year onwards as Indian companies ramp up CSR spends in keeping with provisions under the Companies Act, 2013. Government tells NHAI to adopt 3,000 km of ‘orphan’ National Highways. RCOM and its wholly-owned unit Reliance Telecom are allowed to exit from a Universal Services Obligation Fund project under which mobile companies get subsidy to share mobile infrastructure and offer telephony services in rural and remote areas. Tata Housing in pact with Alstom T&D India to buy Bangalore unit land and to buy Alstom T&D's 20-acre Bangalore unit land for Rs 120 crore.
LIC HOUSING FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it continues to sustain above 215. We advise buying around 215-216 levels with strict stop loss 210 for the targets of 220-225 levels.
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DAILY REPORT FUTURE & OPTION
24th DECEMBER. 2013
MOST ACTIVE PUT OPTION Symbol
Option Type
Strike Price
LTP
Traded Volume (Contracts)
Open Interest
NIFTY
PE
6,300
27.75
6,05,494
49,80,500
NIFTY
PE
6,200
4.50
3,81,380
70,71,900
NIFTY
PE
6,100
1.40
2,10,882
54,59,250
BANK NIFTY
PE
11,200
24.90
26,276
1,40,600
SBIN
PE
1,750
9.15
6,097
1,56,000
MCDOWELL-N
PE
2,500
11.50
4,893
1,66,375
RELIANCE
PE
900
11.95
3,749
2,65,750
INFY
PE
3,450
14.30
3,503
1,43,125
Strike Price
LTP
Traded Volume (Contracts)
Open Interest
STOCKS IN NEWS ONGC to begin work on urea plant in Tripura next year. IFC provides $150 mn long-term financing to YES Bank Govt infuses Rs 200-crore capital in Andhra bank. Diageo ruling boosts chances of Rs 6,000-crore Kingfisher Airlines loan recovery. Ultratech-Jaypee Rs 3,800 cr deal gets CCI approval. Lanco Infratech gets lenders' nod to rejig over Rs 7,000 crore debt NIFTY FUTURE
MOST ACTIVE CALL OPTION Symbol
Option Type
NIFTY
CE
6,300
31.00
5,58,496
60,09,350
NIFTY
CE
6,400
3.40
3,30,238
54,78,250
NIFTY
CE
6,200
103.50
1,50,262
27,55,800
BANKNIFTY
CE
11,500
43.10
62,825
2,93,450
SBIN
CE
1,800
6.00
9,189
4,46,875
RELIANCE
CE
900
7.30
9,071
10,33,250
JPASSOCIAT
CE
55
0.50
6,441
65,32,000
DLF
CE
170
3.10
5,739
6,84,500
MCDOWELL-N
CE
2,600
27.00
4,968
2,60,125
Nifty Future closed in the red 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
199988
6314.49
183496
5777.23
620668
19488.94
537.26
INDEX OPTIONS
354580
10980.79
352530
10859.38
1874471
58661.41
121.41
STOCK FUTURES
401976
12011.37
389890
11965.24
1190753
35771.10
46.13
STOCK OPTIONS
37214
1059.93
39660
1114.39
57349
1559.70
-54.45
TOTAL
650.35
INDICES NIFTY
S2
S1
PIVOT
R1
R2
6239.1
6261.8
6289.65
6312.35
6340.2
NIFTYJUNIOR
12559.15
12653.74
12736.2
12830.79
12913.24
BANK NIFTY
11168.73
11273.61
11363.53
11468.41
11558.33
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DAILY REPORT 24th DECEMBER. 2013
COMMODITY MCX
RECOMMENDATIONS SILVER
COMMODITY ROUNDUP MCX GOLD February contract was closed at Rs 28364 down Rs 190 , or -0.67 percent. The GOLD rate touched an intraday high of Rs 28550 and an intraday low of Rs 28310. 12080 contracts had been traded. Gold Price was taking support at 28300 and traded in sideways range all day. In evening session Gold price broke the nearest resistance of 28450 and made high of 28550. MCX SILVER March contract was closed at Rs 43913 down Rs 94, or -0.21 percent. The SILVER rate touched an intraday high of Rs 44136 and an intraday low of Rs 43700. 14277 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’s low 43700 . After noon more selling pressure had been seen in Silver and it will helpful to break the nearest support 43550.
TRADING STRATEGY: BUY SILVER ABOVE 44200 TGTS 44400/44700 SL 43850 SELL SILVER BELOW 43700TGTS 43500/43200 SL 44050 GOLD
India Gold, Crude oil futures edged lower on Monday tracking bearish international cues and firm trend in Indian Rupee while copper prices were seen trading sideways. MCX copper for February delivery was seen trading at Rs.458.60 per kilogram as 16.50 per kilogram as of 16.50 IST on Monday. US gold futures recorded a decline on fears over US stimulus tapering and was seen trading below $1200 per troy ounce while US crude oil was seen hovering near eight week high with a slight downward movement. Gold futures for February delivery on Globex platform Comex was seeen trading with a loss of $6.2 at $1194.5 per troy ounce as of 17.09 IST on Monday .
TRADING STRATEGY: BUY GOLD ABOVE 28450 TGTS 28530/28630 SL 28320 SELL GOLD BELOW 28300 TGTS 28220/28120 SL 28400
YOUR MINTVISORY
US crude oil on NYMEX for February delivery was seen trading with a loss of 39 cents at $98.93 per barrel as of 17.11 IST on Monday. US crude oil traded near its peak in two months supported by hopes that world's largest economy coming back to its earlier track. World economic growth would absorb extra crude oil production by OPEC. MCX crude oil for January delivery was seen trading with loss of 0.48% at Rs.6162 per barrel as of 17.12 IST on Monday.
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DAILY REPORT 24th DECEMBER. 2013
NCDEX
RECOMMENDATIONS CASTORSEED
NCDEX INDICES Index
Value
% Change
Barley
1442.5
0.00
Castor Seed
4701
-3.98
Chana
3010
-1.60
Coriander
8006
-2.14
Cotton Seed Oilcake
1440
-0.89
12660
-2.05
Mustard seed
3661
-0.33
Ref Soya Oil
699.6
+0.52
Turmeric
6140
-2.97
Jeera
BUY CASTORSEED FEB ABOVE 4920 TGTS 4950,5000 SL 4870 SELL CASTORSEED FEB BELOW 4770 TGTS 4740,4690 SL 4820 DHANIYA
BUY DHANIYA JAN ABOVE 8120 TGTS 8150,8200 SL 8070 SELL DHANIYA JAN BELOW 7940 TGTS 7910,7860 SL 7990
YOUR MINTVISORY
NCDEX ROUNDUP Soybean prices hardened by Rs 81.50 to Rs 3,828 per quintal in futures trading yesterday due to buying by traders on firm overseas markets sentiment. Thin supply and pick up in domestic demand mainly supported the upsurge in future trading. At the NCDEX, soybean for April month spurted by Rs 81.50, or 2.18%, to Rs 3,828 per quintal with an open interest of 11,420 lots. February month surged by Rs 56, or 1.46%, to Rs 3,887 per quintal in open interest of 1,41,800 lots. January month also advanced by Rs 40.50, or 1.05%, to Rs 3,914 per quintal, in an open interest of 97,850 lots. Cardamom futures fell by 1.30% to Rs 679.10 per kg yesterday, as traders reduced their holdings amid sluggish spot demand. Besides, sufficient stocks holdings in the physical market influenced cardamom prices. At the Multi Commodity Exchange, cardamom for January contract declined by Rs 9, or 1.30%, to Rs 679.10 per kg with a business turnover of 215 lots. The spice for delivery in December fell by Rs 7.50, or 1.04%, to Rs 708.10 per kg with a trading volume of 42 lots. Profit booking by speculators at existing levels and fall in demand in spot market also put pressure on cardamom prices in futures market.
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DAILY REPORT 24th DECEMBER. 2013
CURRENCY
RBI Reference Rate Currency
Rate Currency
Rupee- $
61.9915 Yen-100
Euro
84.8180 GBP
USD/INR
Rate
59.5800 101.3747
CURRENCY ROUNDUP Indian rupee went up against US dollar in noon trade on Monday. Rupee was up by 6 paisa or 0.10% against US dollar to Rs 61.98 (12.34 p.m.) compared to previous close of 62.04. It touched high and low of 61.89 and 62.02 respectively after opening at Rs 62 against US dollar. The U.S. dollar continued to give back a bit of its recent hefty gains on Tuesday in a market lacking conviction with many investors having already closed their books for the year. The dollar last traded at 104.19 yen, struggling to make any headway after peaking at a five-year high of 104.64 on Friday. The very slim 103.77/104.125 range on Monday showed clearly how torpid the market was.
SELL USD/INR BELOW 61.89 TGTS 61.75, 61.60 SL 62.30. BUY USD/INR ABOVE 62.31 TGTS 62.49, 62.68 SL 61.90. GBP/INR
The euro bought $1.3695, holding off a two-week low of $1.3625 plumbed Friday. Against the yen, the common currency stood at 142.63, not far from a five-year high of 142.90 set last week. Markets are now looking to see if the U.S. economy will be strong enough to allow the Fed to continue withdrawing support through 2014. Data on Monday provided some optimism the world's biggest economy is firmly on the recovery path with inflation benign. Consumer spending rose in November at the fastest pace since June, while a survey showed consumer sentiment hit a five-month high heading into the end of the year. The lack of dollar momentum for now has allowed commodity currencies like the Australian and Canadian dollars to bounce off 3-1/2 year troughs.
SELL GBP/INR BELOW 101.10 TGTS 100.95, 100.75 SL 101.55. BUY GBP/INR ABOVE 101.70 TGTS 101.99, 102.12 SL 101.25. YOUR MINTVISORY
The Aussie was last at $0.8932, off last week's low of $0.8820, while the Canadian dollar traded at C$1.0614 per USD versus C$1.0737.
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DAILY REPORT 24th DECEMBER. 2013
CALL REPORT PERFORMANCE UPDATES
Date
Commodity/ Currency
Contract
Strategy
Entry Level
Target
Stop Loss
Remark
23/12/13
MCX GOLD
FEB.
BUY
28660
28740-28840
28540
NOT EXECUTED
23/12/13
MCX GOLD
FEB.
SELL
28260
28180-28080
28360
NOT EXECUTED
23/12/13
MCX SILVER
MAR.
BUY
44550
44750
43950
NOT EXECUTED
23/12/13
MCX SILVER
MAR.
SELL
43550
43350-43050
43850
NOT EXECUTED
23/12/13
NCDEX CASTOR SEED
JAN.
SELL
4850
4820-4770
4900
BOOKED PROFIT
23/12/13
NCDEX CASTOR SEED
JAN.
BUY
4950
4980-5030
4900
BOOKED FULL PROFIT
23/12/13
NCDEX DHANIYA
JAN.
BUY
8250
8280-8330
8200
BOOKED FULL PROFIT
23/12/13
NCDEX DHANIYA
JAN.
SELL
8100
8070-8020
8150
BOOKED FULL PROFIT
23/12/13
USD/INR
DEC.
SELL
62.15
62.00-61.86
62.51
BOOKED PROFIT
23/12/13
USD/INR
DEC.
BUY
62.53
62.69-62.85
62.17
NOT EXECUTED
23/12/13
EUR/INR
DEC.
SELL
84.75
84.61-84.44
85.11
BOOKED PROFIT
23/12/13
EURINR
DEC.
BUY
85.29
85.41-85.66
84.93
NOT EXECUTED
Date
Scrip
CASH/ FUTURE
Strategy
Entry Level
Target
Stop Loss
Remark
23/12/13
NIFTY
FUTURE
BUY
6280-6300
6340-6370
6250
CALL OPEN
23/12/13
KTK BANK
FUTURE
BUY
104-105
107-109
102
BOOKED PROFIT
23/12/13
RELIANCE
FUTURE
BUY
895-900
915-935
878
CALL OPEN
23/12/13
BANK NIFTY
FUTURE
BUY
11250
11380-11520
11100
NOT EXECUTED
20/12/13
CIPLA
FUTURE
BUY
400-402
407-412
395
BOOKED PROFIT
20/12/13
JSWSTEEL
FUTURE
BUY
966
972-978
958
BOOKED FULL PROFIT
16/12/13
TATAMOTORS
FUTURE
BUY
368-372
378-384
360
BOOKED PROFIT
US ECONOMIC REPORT
TIME (ET) 8:30 AM 10:00 AM
REPORT DURABLE GOODS ORDERS NEW HOME SALES
PERIOD
ACTUAL
CONSENSUS FORECAST
PREVIOUS
TUESDAY, DEC. 24 NOV. NOV. WEDNESDAY, DEC. 25
2.0 435,000
-1.6% 444,000
THURSDAY, DEC. 26 12/21 FRIDAY, DEC. 27
N/A
379,000
CHRISTMAS DAY NONE SCHEDULED 8:30 AM
WEEKLY JOBLESS CLAIMS NONE SCHEDULED
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