Asian equity markets joined Wall Street's slump on Tuesday after oil markets resumed their downward spiral, pushing Shanghai and Japanese shares off multi-year highs.

1. DAILY REPORT
09th DECEMBER 2014
YOUR MINTVISORY Call us at +91-731-6642300
Global markets at a glance
European shares fell on Monday, trimming some of the previous session's sharp gains after Italy's sovereign debt rating was cut late on Friday and following soft economic data from China and Japan. At the close the FTSEurofirst 300 index of top European shares was down 0.7 percent at 1,395.44 points, having surged 1.8 percent on Friday after much better-than-expected U.S. jobs data.
Asian equity markets joined Wall Street's slump on Tuesday after oil markets resumed their downward spiral, pushing Shanghai and Japanese shares off multi-year highs. US crude extended losses in the Asian trading session, hitting a new five-year low of USD 62.25 a barrel before paring losses. Overnight, prices tumbled 4 percent on the back of bearish forecasts, which saw the Dow post its biggest de- cline since October.
Wall Street Update
The S&P 500 posted its biggest daily percentage drop since October 22 on Monday as oil's slump to a five-year low caused a selloff in energy shares. The Dow Jones industrial average fell 106.31 points, or 0.59 percent, to 17,852.48, the S&P 500 lost 15.06 points, or 0.73 percent, to 2,060.31 and the Nasdaq Composite dropped 40.06 points, or 0.84 percent, to 4,740.69.
Previous day Roundup
It was a weak start to the week on Monday as the equity benchmarks fell more than a percent weighed down by banks, technology, capital goods, metals and auto stocks. The selling pressure extended in afternoon trade after a quiet start to the week. The 30-share BSE Sensex shed 338.70 points to 28119.40 while the 50-share NSE Nifty closed way below the 8500-mark, down 100.05 points. The broader markets dropped too; the BSE Midcap and Small- cap indices slipped 1.2 percent and 0.9 percent, respec- tively.
Index stats
The Market was very volatile in last session. The sartorial indices performed as follow; Consumer Durables [down 140.14pts], Capital Goods [down 282.15pts], PSU [down 39.28pts], FMCG [up 63.71pts], Realty [down 30.84pts], Power [down 28.63pts], Auto [down 263.75pts], Healthcare [down 51.54pts], IT [down 344.89pts], Metals [down 147.14Pts], TECK [down 154.49pts], Oil& Gas [down 86.36pts].
World Indices
Index
Value
% Change
D J l
17852.48
-0.59
S&P 500
2060.31
-0.73
NASDAQ
4740.69
-0.84
EURO STO
3247.99
-0.90
FTSE 100
6672.15
-1.05
Nikkei 225
17863.10
-0.40
Hong Kong
23790.33
-1.07
Top Gainers
Company
CMP
Change
% Chg
COALINDIA
363.00
6.45
1.81
ITC
397.70
6.35
1.62
ASIANPAINT
793.00
8.35
1.06
ONGC
368.35
3.05
0.83
ULTRACEMCO
2,506.00
20.75
0.83
Top Losers
Company
CMP
Change
% Chg
INFY
1,972.00
98.30
-4.75
SSLT
232.40
9.35
-3.87
JINDALSTEL
147.40
5.55
-3.63
M&M
1,251.85
42.20
-3.26
HINDALCO
158.00
5.20
-3.19
Stocks at 52 Week’s High
Symbol
Prev. Close
Change
%Chg
ASIANPAINT
793.00
8.35
1.06
BANKBARODA
1,081.45
-23.10
-2.09
ITC
397.70
6.35
1.62
JETAIRWAYS
403.45
36.65
9.99
MARUTI
3,374.00
-36.10
-1.06
Indian Indices
Company
CMP
Change
% Chg
NIFTY
8438.25
-100.05
-1.17
SENSEX
28119.40
-338.70
-1.19
Stocks at 52 Week’s Low
Symbol
Prev. Close
Change
%Chg
- -

2. DAILY REPORT
09th DECEMBER 2014
YOUR MINTVISORY Call us at +91-731-6642300
STOCK RECOMMENDATIONS [FUTURE]
1. JINDALSTEEL [FUTURE]
JINDAL STEEL FUTURE is looking week on charts, short build up has been seen, we may see more downside, if it sustains below 146 level. We advise selling around 146 level with strict stop loss of 160 for the targets of 138-128.
2. YESBANK [FUTURE]
YESBANK FUTURE is looking week on charts, short build up has been seen, we may see more downside, if it sustains below level. We advise selling around 750 level with strict stop loss of 770 for the targets of 737-720.
EQUITY CASH & FUTURE
STOCK RECOMMENDATION [CASH]
1. ITC
ITC is looking week on charts, short build up has been seen, we may see more upside, if it sustains above 400 level. We advise buying around 400 level with strict stop loss of 390 for the targets of 410-420.
MACRO NEWS In a big boost to ONGC , the Oil Ministry is reworking the fuel subsidy sharing formula to cut its payout by a quar- ter through adjustment of statutory oil cess against its share. According to a new subsidy sharing formula, the payout of upstream oil producers like ONGC is to be re- duced to the extent of Rs 4,500 per tonne oil develop- ment cess they pay to the government The government sought parliament's approval for addi- tional net spending of only Rs 501 crore in the first sup- plementary demand for grants, skipping any provision toward CST compensation to states. The first batch of supplementary demands for grants for 2014-15, tabled in the Lok Sabha by finance minister is pegged at Rs 12,529.48 crore that will be largely met through internal savings and enhanced recoveries. India's CAD the excess of spending overseas than earn- ings almost doubled in the September quarter on high gold imports, but the situation is not alarming as it was in early 2013 since the outlook for commodity prices, especially crude oil, is soft. The CAD increased to $10.1 billion or 2.1% of the GDP in the fiscal second quarter, up from $ 5.2 billion, or 1.2% of the GDP a year earlier.

3. DAILY REPORT
09th DECEMBER 2014
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FUTURE & OPTION
MOST ACTIVE PUT OPTION
Symbol
Op- tion
Type
Strike Price
LTP
Traded Volume (Contracts)
Open Interest
NIFTY
PE
8,500
85.8
7,64,152
48,96,050
NIFTY
PE
8,400
46
6,45,958
58,20,575
NIFTY
PE
8,300
22.75
4,08,467
43,67,625
BANKNIFTY
PE
18,000
89.1
38,642
6,62,625
INFY
PE
2,000
49
4,796
2,94,250
LT
PE
1,600
28.9
2,024
2,33,500
TCS
PE
2,500
32
1,994
1,16,500
RELIANCE
PE
960
21.2
1,960
5,23,750
MOST ACTIVE CALL OPTION
Symbol
Op- tion
Type
Strike Price
LTP
Traded Volume (Contracts)
Open Interest
NIFTY
CE
8,600
33.05
9,77,914
66,28,475
NIFTY
CE
8,700
13.1
7,98,578
60,69,625
NIFTY
CE
8,500
72
4,87,300
51,86,450
BANKNIFTY
CE
19,000
123
41,285
6,74,750
INFY
CE
2,100
10.55
7,347
6,85,500
RELAINCE
CE
980
7.8
4,403
10,15,750
SBIN
CE
320
6.3
2,689
52,27,500
TATASTEEL
CE
470
6.1
2,574
10,34,500
FII DERIVATIVES STATISTICS
BUY
OPEN INTEREST AT THE END OF THE DAY
SELL
No. of
Contracts
Amount in Crores
No. of
Contracts
Amount in Crores
No. of
Contracts
Amount in
Crores
NET AMOUNT
INDEX FUTURES
88034
1964.54
78350
1904.25
723032
16656.85
60.29
INDEX OPTIONS
688978
16128.14
617670
14677.53
2553750
64010.48
1450.61
STOCK FUTURES
57454
1868.26
85398
3039.80
1767732
53287.01
-1171.54
STOCK OPTIONS
62362
2104.07
63137
2132.54
72995
2221.36
-28.47
TOTAL
310.89
STOCKS IN NEWS Infosys founders sell stakes for $1.1 billion as new CEO boosts growth prospects CCI clears Sun-Ranbaxy merger deal with riders JLR launches new variant of Jaguar XF at Rs 45.12 lakh Coal India signs pact for 1,000 MW solar power pro- jects OBC cuts rates on select term deposits by 0.10%. ICICI Bank raises $200mn via overseas bond sales.
NIFTY FUTURE
Nifty Future closed downside in the last trading session. We advise selling around 8440 with strict stop loss 8480 for the targets of 8400-8340
INDICES
R2
R1
PIVOT
S1
S2
NIFTY
8,586.38
8,512.32
8,472.28
8,398.22
8,358.18
BANK NIFTY
18,918.92
18,714.48
18,600.52
18,396.0 8
18,282.12

4. DAILY REPORT
09th DECEMBER 2014
YOUR MINTVISORY Call us at +91-731-6642300
NCDEX
RECOMMENDATIONS
SILVER
TRADING STRATEGY:
BUY SILVER MAR ABOVE 36970 TGTS 37170,37470 SL BE- LOW 36670
SELL SILVER MAR BELOW 36500 TGTS 36300,36000 SL ABOVE 36800
GOLD
TRADING STRATEGY:
BUY GOLD FEB ABOVE 26530 TGTS 26610,26710 SL BE- LOW 26445
SELL GOLD FEB BELOW 26300 TGTS 26220,26120 SL ABOVE 26390
COMMODITY ROUNDUP
Amid a firming global trend, copper prices moved up by Rs 1.05, or 0.26%, to Rs 404.45 per kg in futures trade yester- day. At the Multi Commodity Exchange, copper for delivery in far-month February next year was up by Rs 1.05, or 0.26%, to Rs 404.45 per kg in a bsuiness volume of 353 lots. Metal for delivery in April 2015 gained 95 paise, or 0.23%, to Rs 408.30 per kg in business turnoverof seven lots. At- tributed the rise in copper futures to a firming trend in base metals at the London Metal Exchange (LME). Further, rising demand from consuming industries at domestic spot mar- kets supported the upside. Meanwhile, copper for delivery in three months rose 0.2% to $6,460.75 a tonne at the LME.
India’s gold demand might, it is believed, rise by no more than three per cent in 2015 over this year. Data compiled by rating agency ICRA forecasts the demand at 850 tonnes, compared to the 825 tonnes estimated in 2014. The World Gold Council (WGC), which represents the mining industry, puts India’s demand between 850 and 950 tonnes in 2014. Easing import curbs, the government early this month with- drew the 16-month-old ‘80:20’ scheme, under which at least a fifth of any import consignment had to be supplied tojewellery exporters.
The GOLDGUINEA rate touched an intraday high of Rs 21008 and an intraday low of Rs 20939. So far 466 contracts have been traded. GOLDGUINEA prices have moved down Rs 2111, or 9.14 percent in the December series so far.
Brent and US crude oil each fell more than $2 a barrel on Monday to a new five-year low amid a rising number of pre- dictions that oversupply would extend well into 2015. Opec member Kuwait said Monday it expected prices to remain in the doldrums for about six months. Prices continued to decline following a Morgan Stanley report that revised its oil price forecasts lower. In a report dated December 5, Morgan Stanley said oil prices could fall as low as $43 a bar- rel next year. The US investment bank cut its average 2015 Brent base-case outlook by $28 to $70 per barrel, and by $14 to $88 a barrel for 2016. The US shale industry has yet to be hit by the slump in crude prices

5. DAILY REPORT
09th DECEMBER 2014
YOUR MINTVISORY Call us at +91-731-6642300
RECOMMENDATIONS
DHANIYA
BUY DHANIYA JAN ABOVE 13300 TGTS 13330,13380 SL 13250
SELL DHANIYA JAN BELOW 13200 TGTS 13170,13120 SL 13250
GUARSGUM
BUY GUARGUM JAN ABOVE 12960 TGTS 13010,13110 SL 12870
SELL GUARGUM JAN BELOW 12790 TGTS 12740,12640 SL 12880
NCDEX
NCDEX ROUNDUP
Barring the Southern states, potato prices have started sof- tening across major mandis across the country on fresh arri- vals. Nashik-based National Horticulture Research and De- velopment Foundation (NHRDF) showed potato prices have fallen upto 54% across major mandis in the North and North–eastern states in the last one month. In the Delhi mandi, potato prices fell sharply by 54% to Rs 1,184 a quintal on December 6 as compared to Rs 2,600 a quintal a month ago. Fresh arrivals increased supply into these mandis.
Supported by rising demand in spot mar- kets, chana pricesrose sharply by Rs 42, or 1.41% to, Rs 3,026 per quintal in futures trade yesterday as speculators enlarged positions. At the National Commodity and Deriva- tives Exchange, chana for delivery in December shot up by Rs 42, or 1.41% to Rs 3,026 per quintal with an open inter- est of 64,650 lots. Similarly, the commodity for delivery in January next year moved up by Rs 39, or 1.28% to Rs 3,082 per quintal in 79,050 lots. Speculators enlarged positions on the back of rising demand in spot markets. Chana prices rose in spot markets on limited arrivals from producing belts.
This year’s mentha oil production is likely to fall nearly 30 per cent to 40,000 tonnes from 55,000 tonnes last year with the area under cultivation expected to drop 20 per cent to 17,500 hectares. This is because farmers turned to other crops because of lower prices of the aromatic herb.
NCDEX INDICES
Index
Value
% Change
CASTOR SEED
4507
+0.24
CHANA
3086
+3.42
CORIANDER
3086
+0.81
COTTON SEED
12785
+0.96
GAUR SEED
4610
-2.445
JEERA
12730
+2.79
MUSTARDSEED
4057
+3.71
SOYBEAN
3282
+1.02
SUGAR M GRADE
2715
-0.18
TURMERIC
6408
+0.69

6. DAILY REPORT
09th DECEMBER 2014
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EUR/INR
BUY EURINR DEC ABOVE 76.25 TGT 76.45 ,76.65 SL 76.00
SELL EURINR DEC FROM UP LEVEL (76.65-76.70) SL 76.90
GBP/INR
BUY GBPINR DEC ABOVE 97.05 TGT 97.25 ,97.45 SL 96.80
SELL GBPINR DEC BELOW 96.90 TGT 96.70,96.50 SL 97.15
CURRENCY MARKET UPDATES:
The dollar got a lift from a Wall Street Journal report that Fed official were seriously considering dropping an assur- ance that short-term interest rates will stay near zero for a considerable time. Such a move would be taken as a sign the central bank was on target to start raising interest rates around the middle of next year, a view that has gained great traction since last week's upbeat payrolls report. The dollar was close to multi-year highs against the yen and the euro on Monday after Friday's robust U.S. jobs report for Novem- ber highlighted the diverging economic recovery in the U.S. and Europe and Japan. The U.S. dollar index, which meas- ures the greenback against a basket of six major currencies, hit a peak of 89.53, the strongest level since March 2009.
Rupee weakened on Monday after a robust monthly US em- ployment data sparked a global rally in the dollar and raised worries that any earlier-than-expected hike in US interest rates could dent foreign flows to emerging markets. Data on Friday showed US employers added the largest number of workers in nearly three years in November, a sign of eco- nomic strength that was seen as potentially pushing the Federal Reserve towards a rate hike in mid-2015.
Foreign investors have been key backers of the rally in do- mestic shares and bonds this year, making them critical for the outlook for domestic markets. The rupee was also weighed down after shares posted their biggest falls in 7- 1/2 weeks and after some founders of Infosys Ltd sold shares worth $1.1 billion in India's second-largest IT services exporter. The partially convertible rupee closed weaker at 61.83/84 per dollar, down 0.1 percent from its Friday's close of 61.77/78. The rupee would remain in a tight range ahead of retail inflation and industrial production data due on Fri- day evening. In the offshore non-deliverable forwards, the one-month contract was at 62.16, while the three-month was at 62.76.
RBI Reference Rate
Currency
Rate
Currency
Rate
Rupee- $
61.9253
Yen-100
50.9800
Euro
76.1000
GBP
96.3743
MCX COMMODITIES & CURRENCY

7. DAILY REPORT
09th DECEMBER 2014
YOUR MINTVISORY Call us at +91-731-6642300
CALL REPORT
PERFORMANCE UPDATES
Date
Commodity/ Currency Pairs
Contract
Strategy
Entry Level
Target
Stop Loss
Remark
08/12/14
MCX GOLD
FEB.
BUY
26530
26610-26710
26445
NOT EXECUTED
08/12/14
MCX GOLD
FEB.
SELL
26300
26220-26120
26390
NO PROFIT NO LOSS
08/12/14
MCX SILVER
MAR.
BUY
37250
37450-37750
36950
NOT EXECUTED
08/12/14
MCX SILVER
MAR.
SELL
36600
36400-36100
36900
SL TRIGGERED
08/12/14
NCDEX GUARGUM
JAN
BUY
13350
13400-13500
13260
NOT EXECUTED
08/12/14
NCDEX GUARGUM
JAN
SELL
13200
13150-13050
13290
BOOKED FULL PROFIT
08/12/14
NCDEX DHANIYA
JAN
BUY
13080
13110-13160
13030
BOOKED FULL PROFIT
08/12/14
NCDEX DHANIYA
JAN
SELL
13000
12970-12920
13050
NOT EXECUTED
08/12/14
EUR/INR
DEC.
BUY
76.50- 76.45
76.70-76.90
76.25
SL TRIGGERED
08/12/14
EUR/INR
DEC.
SELL
76.65
76.45-76.25
76.85
BOOKED FULL PROFIT
08/12/14
GBP/INR
DEC.
BUY
97.00- 97.05
97.25-97.45
96.85
SL TRIGGERED
08/12/14
GBP/INR
DEC.
SELL
97.30
97.10-96.90
97.55
BOOKED FULL PROFIT
Date
Scrip
CASH/ FUTURE/ OPTION
Strategy
Entry Level
Target
Stop Loss
Remark
08/12/14
NIFTY
FUTURE
SELL
8560-8550
8500-8450
8610
BOOKED PROFIT
08/12/14
AMBUJA CEMENT
FUTURE
BUY
232-235
240-245
230
NOT EXECUTED
08/12/14
PNB
FUTURE
BUY
1100-1120
1140-1180
1080
BOOKED PROFIT
08/12/14
RADICO KHAITAN
CASH
BUY
97-100
105-110
93
NOT EXECUTED
04/12/14
NIFTY
FUTURE
BUY
8600-8610
8660-8710
8550
SL TRIGGERED
04/12/14
ENGINEER INDIA
FUTURE
BUY
245-250
255-265
235
SL TRIGGERED
26/11/14
ZEE
FUTURE
BUY
380-385
395-405
370
CALL OPEN
17/11/14
COALINDIA
FUTURE
BUY
350-355
365-375
340
BOOKED PROFIT

8. DAILY REPORT
09th DECEMBER 2014
YOUR MINTVISORY Call us at +91-731-6642300
NEXT WEEK'S U.S. ECONOMIC REPORTS
ECONOMIC CALENDAR
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Disclaimer
TIME (ET)
REPORT
PERIOD
ACTUAL
CONSENSUS FORECAST
PREVIOUS
MONDAY, DEC. 08
NONE SCHEDULED
TUESDAY, DEC. 09
7;30 AM
NFIB SMALL BUSINESS INDEX
NOV.
--
96.1
10 AM
JOB OPENINGS
OCT.
--
4.7 MLN
10 AM
WHOLESALE INVENTORIES
OCT.
--
0.3%
WEDNESDAY, DEC. 10
2 PM
FEDERAL BUDGET
NOV.
--
-$135 BLN
THURSDAY, DEC. 11
8:30 AM
WEEKLY JOBLESS CLAIMS
DEC. 6
N/A
N/A
8:30 AM
RETAIL SALES
NOV.
0.2%
0.3%
8:30 AM
RETAIL SALES EX AUTOS
NOV.
0.1%
0.3%
8:30 AM
IMPORT PRICES
NOV.
--
-1.3%
10 AM
BUSINESS INVENTORIES
OCT.
0.3%
0.3%
FRIDAY, DEC. 12
8:30 AM
PRODUCER PRICE INDEX
NOV.
-0.4%
0.2%
9:55 AM
CONSUMER SENTIMENT
DEC.
--
88.8