DAILY REPORT 07th JANUARY. 2014
Global markets at a glance Japan's Nikkei share average dropped on Tuesday morning after economic data showing a slowdown in growth in the U.S. services sector made investors wary of taking on risk. The Nikkei fell 0.6 percent to 15,807.86 in choppy midmorning trade. After opening lower, it briefly flirted with positive territory. On Monday, the index ended 2.4 percent lower. The broader FTSEurofirst 300 index of pan-European shares fell 0.2% to 1,309.24 points, with the euro zone's Euro STOXX 50 also down 0.2 percent at 3,069.16 points. Trading volume on the FTSEurofirst 300 was 25 percent lower than the index's average for the past three months.
World Indices
Wall Street Update U.S. stocks slipped on Monday after a mixed batch of economic reports, resulting in the Standard & Poor's 500 .SPX losing in the first three trading sessions of 2014 after ramping up 30 percent last year. Data from the Institute for Supply Management showed the pace of growth in the U.S. services sector slowed for a second straight month in December with business activity expanding at a slower rate and new orders contracting. The U.S. Senate confirmed Janet Yellen, a key force behind the Fed's unprecedented and controversial efforts to boost the U.S. economy, as the next Fed chair to succeed Ben Bernanke, whose second four-year term expires on January 31. Previous day Roundup After a lot of struggle, the market ended the day on a negative down. The Sensex ended down 64.03 points at 20787.30 and the Nifty closed at 6191.45, down 19.70 points. About 1465 shares have advanced, 1019 shares declined, and 531 shares are unchanged. Index stats Bankex and Bank Nifty both declined 143.73pts and 132.60pts respectively. Among the sartorial indices the sectors which were down are; PSU [down 6.72pts], Realty [down 10.18pts], TECK [down 17.60pts], IT [down 45.44pts}, Power [down 6.67pts], and the index advanced were Consumer Durables [up 1.75pts], Healthcare [up 48.22pts], Capital Goods [up 13.62pts], AUTO [up 24.04pts], FMCG [up 28.73pts], Oil & Gas [up 17.64pts], Metals [up 1.53pts].
Index
Value
% Change
16,425.10
-0.27
S&P 500
1,826.77
-0.25
NASDAQ EURO STO FTSE 100
4,113.68 3,069.16 6,730.73
-0.44 -0.17 0.00
Nikkei 225 Hong Kong
15,852.67 22,694.42
-0.35 +0.05
DJl
Top Gainers Company
CMP
Change
% Chg
ONGC
281.05
5.25
+1.90
JINDALSTEL
260.00
4.35
+1.70
SUNPHARMA
588.30
8.60
+1.48
TATAMOTORS
367.25
4.55
+1.25
LUPIN
940.00
7.10
+0.76
CMP
Change
% Chg
81.75 1,043.00 636.00 1,685.00 2,068.00
2.30 23.80 13.85 34.65 33.05
-2.74 -2.23 -2.13 -2.01 -1.57
Prev. Close
Change
%Chg
ARVIND
153.55
8.95
+6.19
BIOCON
480.00
3.60
-0.74
DELTOCORP
123.90
5.95
+5.00
GMBREW
111.15
4.00
+3.73
HAVELLS
827.10
12.05
+1.48
Prev. Close
Change
%Chg
CMP
Change
% Chg
6,191.45 20,787.30
-19.70 -64.03
-0.32 -0.31
Top Losers Company
TATAPOWER ICICIBANK BANKBARODA SBIN HEROMOTOCO
Stocks at 52 Week’s high Symbol
Stocks at 52 Week’s Low Symbol
--
Indian Indices Company NIFTY SENSEX
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DAILY REPORT 07th JANUARY. 2014
EQUITY CASH & FUTURE
STOCK RECOMMENDATIONS [FUTURE] 1. CESC
STOCK RECOMMENDATION [CASH] 1. MASTEK
CESC FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it trades above 475. We advise buying above 475 levels with strict stop loss 468 for the targets of 482-489 levels.
MASTEK is looking strong on charts. We advise buying around 180-182 levels with strict stop loss of 175 for the targets of 187-192 levels.
2. VOLTAS
MACRO NEWS IOC divestment is likely to be carried out on January 9. LIC, is going to be a large strategic investor in the OFS. PSU bank employees to go on two-day strike from January 20: UFBU. SC refuses to entertain Steel Ministry's plea on mining cap. Govt. will offer at least 56 oil and gas blocks in its next round of auction of exploration blocks that will be launched next week. The oil ministry has recommended revenue sharing between the companies and the govt. in place of the current production sharing mechanism. The delinquency rate of micro-finance institutions (MFIs) has declined by 20% between Apr- Oct. 2013. LPG distributors across India have decided to supply cylinders only to domestic consumers from Jan 15 and will proceed on indefinite strike from Jan 19 if there demands are not met. The net direct tax collections, after refunds, were up 12.53 per cent to Rs 4.15 lakh crore in April-December 2013-14.
VOLTAS FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sustains above 122 levels. We advise buying around 122 levels with strict stop loss 120 for the targets of 124-126 levels.
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DAILY REPORT FUTURE & OPTION
07th JANUARY. 2014
STOCKS IN NEWS UCO Bank is planning to sell bad loans worth Rs 1,900cr to clean its balance sheet. The bank has already sold NPAs worth Rs 300cr in the last quarter. Maruti Suzuki will introduce a revolutionary technology allowing manual gears to be used like automatic transmission without engaging the clutch. Blackstone ups stake in MCX, buys shares worth Rs 81 cr. Group Ministers on MTNL,BSNL revival to meet on Jan 8. NIFTY FUTURE
MOST ACTIVE PUT OPTION Symbol
Option Strike Type Price
LTP
Traded Volume (Contracts)
Open Interest
NIFTY
PE
6,200
85.40
2,49,831
43,42,400
NIFTY
PE
6,100
51.05
1,62,124
39,73,150
NIFTY
PE
6,000
29.30
1,21,254
40,47,550
BANK NIFTY
PE
11,000 235.15
12,542
1,71,400
SBIN
PE
1,700
58.65
3,570
3,48,875
INFY
PE
3,300
58.50
3,216
2,49,750
TCS
PE
2,200
38.00
1,414
1,90,625
MCDOWELL-N
PE
2,600
43.00
1,292
1,90,625
LTP
Traded Volume (Contracts)
Open Interest
MOST ACTIVE CALL OPTION Symbol
Option Strike Type Price
NIFTY
CE
6,300
62.25
2,20,054
49,21,950
NIFTY
CE
6,400
31.70
1,54,153
39,36,000
NIFTY
CE
6,500
15.05
1,27,416
48,91,350
BANKNIFTY
CE
11,500 140.70
18,998
2,14,900
SBIN
CE
1,800
17.40
5,679
8,16,500
RELIANCE
CE
880
14.35
2,540
4,48,500
INFY
CE
3,600 112.50
3,171
3,63,500
SBIN
CE
1,750
29.40
5,095
3,48,625
MCDOWELL-N
CE
2,800
70.55
2,189
1,24,750
Nifty Future closed in the red in the last trading session. We advise selling below 6200 with strict stop loss of 6250 for the targets of 6150-6110 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
37826
1160.83
50670
1557.04
419995
12946.36
-396.21
INDEX OPTIONS
264931
8074.81
247841
7606.93
1113953
34369.68
467.89
STOCK FUTURES
51898
1669.56
48972
1613.18
993137
31554.31
56.38
STOCK OPTIONS
36291
1166.62
38201
1221.87
51426
1657.50
-55.25
TOTAL
72.81
INDICES NIFTY
S2
S1
PIVOT
R1
R2
6141.01
6166.23
6195.46
6220.68
6249.91
NIFTYJUNIOR
12692.71
12748.58
12788.71
12844.58
12884.71
BANK NIFTY
10896.05
10972.55
11073.45
11149.95
11250.85
YOUR MINTVISORY
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DAILY REPORT 07th JANUARY. 2014
COMMODITY MCX
RECOMMENDATIONS SILVER
COMMODITY ROUNDUP The SILVER rate touched an intraday high of Rs 45740 and an intraday low of Rs 45033. 25680 contracts had been traded. Silver opened at morning with gap down and made day high. In mid session silver traded in narrow range and made night low 45033. After evening there had been seen more buying in silver and it will helpful to break the nearest resistance 45450. The GOLD rate touched an intraday high of Rs 29276 and an intraday low of Rs 28890. 18661 contracts had been traded. Gold price was taking support at 29000 and traded in sideways big range all day. In evening session gold price broke the nearest resistance of 29150 and made high of 29276.
TRADING STRATEGY: BUY SILVER ABOVE 45550 TGTS 45750/46050 SL 45150 SELL SILVER BELOW 45250 TGTS 45050/44750 SL 45600 GOLD
U.S. crude futures added 0.3 percent to $93.70 a barrel after having fallen 0.6 percent overnight to a one-month low. Gold was steady at $1,238.05 an ounce, taking a breather after five straight days of gains and sitting not far from a three-week high of $1,248.30 set on Monday. According to Steel Index the FoB price of premium Australian hard coking coal, recently at $136.30 a tonne, is the lowest since August. Benchmark coking coal traded at $330 a tonne in mid-2011. Tracking a firming trend in base metals overseas and rising spot demand, lead futures were up by 0.51% at Rs 136.70 per kg as participants enlarged positions. At the MCX February lead traded 70 paise, or 0.51%, higher at Rs 136.70 per kg, with a turnover of eight lots. The January delivery also rose by 60 paise, or 0.44%, to trade at Rs 135.55 per kg, in a business turnover of 309 lots. Besides increased domestic demand from battery-makers, a firm trend at the LME influenced lead prices at futures trade here.
TRADING STRATEGY: BUY GOLD ABOVE 29260 TGTS 29340/29440 SL 29150 SELL GOLD BELOW 29000 TGTS 28920/28820 SL 29101 YOUR MINTVISORY
Buoyed by a firming trend in global markets as inventories continued to slide, copper futures prices rose by 0.26% to Rs 466.75 per kg yesterday as speculators enlarged positions. At the MCX copper for delivery in February was up by Rs 1.20, or 0.26%, to Rs 466.75 per kg, with a business turnover of 683 lots. Similarly, the April delivery traded higher by 90 paise, or 0.19%, to Rs 471.35 per kg, with a business turnover of 99 lots. Call us at +91-731-6642300
DAILY REPORT 07th JANUARY. 2014
NCDEX
RECOMMENDATIONS CASTORSEED
NCDEX INDICES Index
Value
% Change
Castor Seed
4484
+0.83
Chana
3046
-0.52
Coriander
8060
-0.02
Cotton Seed Oilcake
1537
+1.92
12550
-1.30
Maize– Feed/ Industrial Grade
1210
+1.26
Mustard seed
3632
+0.94
Soy Bean
2792
-0.47
Sugar M Grade
2792
-0.18
Turmeric
6852
-0.09
Jeera
BUY CASTORSEED FEB ABOVE 4610 TGTS 4640,4690 SL 4560 SELL CASTORSEED FEB BELOW 4485 TGTS 4455,4405 SL 4535 DHANIYA
NCDEX ROUNDUP Government's rice procurement is lagging behind by 8 per cent over last year at 16.36 million tonne so far in the 201314 marketing year due to lower production estimate and relatively strong open market prices. Food Corporation of India, government's nodal procurement agency, had procured 17.78 million tonne rice in the same period of 201213 marketing year (October-September). Soybean prices declined almost Rs 100-150 per 100 kg in spot markets in a fortnight due to weak demand from crushers, said mandi traders. On Monday, soybean prices in mandi auction were Rs 3,550-3,750 per 100 kg compared with Rs 3,600-3,900 per 100 kg a fortnight ago. Plant delivery prices were Rs 3,825-3,860 per 100 kg against Rs 3,8503,900 per 100 kg couple of weeks ago.
BUY DHANIYA JAN ABOVE 8080 TGTS 8110,8160 SL 8030 SELL DHANIYA JAN BELOW 7910 TGTS 7880,7830 SL 7960
YOUR MINTVISORY
Vegetable (veg) oil import in India is likely to surpass all previous records to settle at 11.13 million tonnes this year on rising demand from middle class consumers following sustained pressure on prices.
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DAILY REPORT 07th JANUARY. 2014
CURRENCY
RBI Reference Rate Currency
Rate Currency
Rupee- $
62.3265 Yen-100
Euro
84.6151 GBP
JPY/INR
SELL JPY/INR BELOW 59.74 TGTS 59.60, 59.45 SL 60.10. BUY JPY/INR ABOVE 60.36 TGTS 60.51, 60.73 SL 60.00. GBP/INR
Rate
59.7300 101.9911
CURRENCY ROUNDUP Indian rupee declined in opening trade on Monday against the US dollar. Rupee opened lower by 17 paise or 0.27% against US dollar at Rs 62.33 compared to previous close of 62.16. On Friday, rupee settled up 10 paise or 0.16% against US dollar at Rs 62.16, then went down against US dollar in noon trade. Rupee was down by 12 paise or 0.19% against US dollar to Rs 62.28 (12.26 p.m.) compared to previous close of 62.16. It touched high and low of 62.26 and 62.46 respectively after opening at Rs 62.33 against US dollar. The greenback traded lower against most major currencies on Monday after U.S. service-sector data missed consensus forecasts and rekindled expectations for the Federal Reserve to take its time winding down its dollar-weakening USD75 billion monthly asset-purchasing program. In U.S. trading on Monday, EUR/USD was up 0.32% at 1.3633. The dollar slumped after the Institute of Supply Management said its non-manufacturing purchasing managers' index fell to 53.0 in December from 53.9 in November. Analysts were expecting the index to increase to 54.5. The data rekindled concerns that the Federal Reserve may go slower than once expected when it comes to dismantling its USD75 billion in monthly bond purchases. The dollar was down against the yen, with USD/JPY down 0.52% at 104.30, and down against the Swiss franc, with USD/CHF down 0.12% at 0.9042. The dollar was mixed against its cousins in Canada, Australia and New Zealand, with USD/CAD up 0.14% at 1.0651, AUD/USD up 0.17% at 0.8964 and NZD/USD trading up 0.20% at 0.8288. The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was down 0.26% at 80.81.
SELL GBP/INR BELOW 102.30 TGTS 102.12, 101.90 SL 102.70. BUY GBP/INR ABOVE 102.73 TGTS 102.94, 103.15 SL 102.33.
YOUR MINTVISORY
The euro was steady at $1.3622, taking a pause after coming off a four-week low of $1.35715 set on Monday. The greenback was up 0.2 percent at 104.47 yen, recouping some of Monday's 0.6 percent decline after the soft U.S. services data. Against a basket of major currencies, the dollar added 0.1 percent.
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DAILY REPORT 07th JANUARY. 2014
CALL REPORT PERFORMANCE UPDATES
Date
Commodity/ Currency Pairs
Contract
Strategy
Entry Level
Target
Stop Loss
Remark
06/01/14
MCX GOLD
FEB.
BUY
29250
29330-29450
29150
SL TRIGGERED
06/01/14
MCX GOLD
FEB.
SELL
29000
28920-28820
29101
BOOKED PROFIT
06/01/14
MCX SILVER
MAR.
BUY
45850
46050-46350
45500
NOT EXECUTED
06/01/14
MCX SILVER
MAR.
SELL
45250
45050-44750
45600
BOOKED PROFIT
06/01/14
NCDEX CASTOR SEED
FEB.
SELL
4480
4450-4400
4530
NOT EXECUTED
06/01/14
NCDEX CASTOR SEED
FEB.
BUY
4600
4630-4680
4550
NOT EXECUTED
06/01/14
NCDEX DHANIYA
JAN.
SELL
7800
7770-7720
7850
NOT EXECUTED
06/01/14
NCDEX DHANIYA
JAN.
BUY
8000
8030-8080
7950
BOOKED FULL PROFIT
06/01/14
GBP/INR
JAN.
SELL
102.85
102.70-102.54
103.25
NOT EXECUTED
06/01/14
GBP/INR
JAN.
BUY
103.54
103.69-103.87
103.14
NOT EXECUTED
06/01/14
EUR/INR
JAN.
SELL
85.24
85.09-84.91
85.64
BOOKED PROFIT
06/01/14
EURINR
JAN.
BUY
85.87
86.02-86.19
85.47
NOT EXECUTED
Date
Scrip
CASH/ FUTURE/ OPTION
Strategy
Entry Level
Target
Stop Loss
Remark
06/01/14
NIFTY
FUTURE
BUY
6230-6250
6280-6300
6200
CALL OPEN
06/01/14
BIOCON
FUTURE
BUY
490
495-499
485
SL TRIGGERED
06/01/14
TATA POWER
FUTURE
SELL
85
83-81
87
BOOKED PROFIT
06/01/14
FINANCIAL TECH
CASH
BUY
236
245-255
225
BOOKED FULL PROFIT
03/01/14
NIFTY
FUTURE
SELL
6240
6220-6190
6265
BOOKED PROFIT
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DAILY REPORT 07th JANUARY. 2014
ECONOMIC CALENDAR
NEXT WEEK'S U.S. ECONOMIC REPORTS TIME (ET)
REPORT
PERIOD
ACTUAL
CONSENSUS FORECAST
PREVIOUS
MONDAY, JAN . 06 10 am
ISM nonmanufacturing
Dec.
54.6%
53.9%
10 am
Factory orders
Nov.
1.6%
-0.9%
-$39.9 bln
-$40.6 bln
230,000
215,000
--
$18.2 bln
N/A
339,000
TUESDAY, JAN. 07 8:30 am
Trade deficit
Nov. WEDNESDAY, JAN. 08
8:15 am
ADP employment
Dec.
2 pm
FOMC minutes
12/18
3 pm
Consumer credit
Nov. THURSDAY, JAN. 08
8:30 am
Weekly jobless claims
1/4 FRIDAY, JAN. 09
8:30 am
Nonfarm payrolls
Dec.
190,000
203,000
8:30 am
Unemployment rate
Dec.
7.0%
7.0%
10 am
Wholesale inventories
Nov.
--
1.4%
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