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1. DAILY REPORT
31st DECEMBER. 2013
Global markets at a glance
In Asia, Japan's benchmark stock index, the Nikkei, surged
to a fresh six-year high on Monday. Nikkei gained 0.69%,
while China's Shanghai Composite was off 0.18%. Shares in
Hong Kong were unchanged with the Hang Seng at
23,244.87.
European stock indexes stayed on track on Monday to post
their biggest annual gains in four years. Stock markets in
London, Madrid, Paris, Amsterdam, Brussels and Lisbon
will close around midday on Tuesday, while other major
European markets including Italy, Germany and Switzerland will remain closed on Tuesday for the New Year holiday break.
World Indices
Wall Street Update
US stocks closed mostly flat on Monday, with the Dow
edging up to another record closing high and the S&P 500
index's advance stalling in response to light trading volume
and weaker-than-forecast housing data. The DJI average
rose 25.88 pts, or 0.16%, to end at 16,504.29, a record
close. The Standard & Poor's 500 Index dipped just 0.33 of
a pts, or 0.02%, to finish at 1,841.07. The Nasdaq Composite Index declined 2.40 pts, or 0.06%, to close at 4,154.20.
Previous day Roundup
Market recouped some of its losses in closing deals after
hitting a bottom when a Reserve Bank of India (RBI) report
flagged inflation and asset quality issues as key risks to
financial stability. It was a volatile session that saw key
indices move in narrow range for the better part of the
day. Market touched its day's low in afternoon deals a Financial Stability Report by the Reserve Bank of India.
The 30-share Sensex ended 50 points lower at 21,143 and
the 50-unit Nifty was down 23 points at 6,291.
Index stats
The Bankex and Bank Nifty both declined 0.67% & 0.73%
respectively. Among the sartorial indices almost all the
sectors were down; Capital Goods [down 41.85pts], AUTO
[down 55.72pts], PSU [down 3.21pts], Consumer Durables
[down 18.26pts], Realty [down 23.07pts], TECK [down
31.95pts], IT [down 77.59pts], Power [down 3.36pts],
FMCG [down pts] and Healthcare [down 42.47pts], the
index advanced were Oil & Gas [up 13.20pts], Metals [up
67.45pts].
Index
Value
% Change
16,504.29
+0.16
S&P 500
1,841.07
-0.02
NASDAQ
EURO STO
FTSE 100
4,154.20
3,100.93
6,731.27
-0.06
-0.34
-0.29
Nikkei 225
Hong Kong
16,291.31
23,321.10
+0.69
+0.33
DJl
Top Gainers
Company
CMP
Change
% Chg
BHEL
180.40
7.15
+4.13
COALINDIA
290.80
7.70
+2.72
HDFC
798.80
9.60
+1.22
RELIANCE
885.55
6.70
+0.76
HINDUNILVR
573.00
4.25
+0.75
CMP
Change
% Chg
165.60
1,093..75
52.65
1,730.55
949.20
5.80
28.70
1.25
39.50
17.95
-3.38
-2.56
-2.32
-2.23
-1.86
Prev. Close
Change
%Chg
APOLLOTYRE
102.00
1.30
+1.29
BAJAJELEC
220.10
1,15
+0.53
DIVISLAB
1,216.00
5.90
-0.48
GLAXO
2,976.50
18.40
+0.62
HCLTECH
1,252.00
5.95
+0.48
Prev. Close
Change
%Chg
CMP
Change
% Chg
6,291.10
21,143.01
22.70
50.57
-0.36
-0.24
Top Losers
Company
DLF
ACC
JPASSOCIAT
ULTRACEMCO
M&M
Stocks at 52 Week’s high
Symbol
Stocks at 52 Week’s Low
Symbol
--
Indian Indices
Company
NIFTY
SENSEX
YOUR MINTVISORY
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2. DAILY REPORT
31st DECEMBER. 2013
EQUITY CASH & FUTURE
STOCK RECOMMENDATIONS [FUTURE]
1. COAL INDIA
STOCK RECOMMENDATION [CASH]
1. KERNEX MICRO SYSTEMS
COAL INDIA FUTURE is looking strong on charts, long build
up has been seen, we may see more upside, if it continues
to sustain above 290. We advise buying around 288-290
levels with strict stop loss 285 for the targets of 296-300.
KERNEX MICRO SYSTEMS is looking strong on charts. We
advise buying above 54 levels with strict stop loss of 50 for
the targets of 58-62 levels.
2. BHEL
MACRO NEWS
 The Department of Telecom is hoping to announce the
new M&A guidelines next month as it attempts to infuse life into a sector battered by controversies.
 The Foreign Investment Promotion Board yesterday
approved UK-based Tesco Plc's proposal to enter the
Indian multi-brand retail segment in joint venture with
Tata Group company with an initial investment of US$
110 million (about Rs 680 cr.).
 Financial Stability Report by RBI flagged concerns
over continuing high inflation amid slowdown in
growth. The report also raised a red flag on asset
quality of commercial banks sending banking stocks
tumbling. Reserve Bank has said the country is ready
for the US Federal Reserve's tapering, and has pegged
the current account deficit at below 3 percent for this
fiscal in its eighth Financial Stability Report.
 RBI hopes a positive impact on the energy import bill,
on the account of the increased availability of alternative energy sources like shale gas.
BHEL 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 on dips around 168-170
levels with strict stop loss 165 for the targets of 175-180.
YOUR MINTVISORY
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3. DAILY REPORT
FUTURE & OPTION
31st DECEMBER. 2013
STOCKS IN NEWS
 FIPB clears Voda's Rs 10,141 cr & Tesco's $110 mn FDI
proposals.
 GMR inks pact with MAHB to divest stake in Istanbul
airport
 JSW Steel promoter hikes stake in company to 4.74%
 Jain Irrigation bags Rs 385 crore project from Karnataka government.
 Cooper Tire terminates $2.5bn deal with Apollo Tyres.
 Vedanta Resources Starts Mining Operation In Sesa
Sterlite Mine.
MOST ACTIVE PUT OPTION
Symbol
Option
Type
Strike
Price
LTP
Traded
Volume
(Contracts)
Open
Interest
NIFTY
PE
6,.300
87.50
1,80,467
34,37,550
NIFTY
PE
6,200
54.25
1,14,224
34,40,250
NIFTY
PE
6,100
32.70
85,671
30,18,450
BANK NIFTY
PE
11,000 140.00
7,157
1,33,575
SBIN
PE
1,750
45.00
2,095
97,125
RELIANCE
PE
880
16.80
1,404
1,69,750
INFY
PE
3,400
87.50
820
1,09,125
ICICIBANK
PE
1,100
35.80
771
1,14,250
NIFTY FUTURE
MOST ACTIVE CALL OPTION
Symbol
Option
Type
Strike
Price
LTP
Traded
Volume
(Contracts)
Open
Interest
NIFTY
CE
6,400
73.00
1,63,743
35,33,650
NIFTY
CE
6,500
38.95
1,41,544
44,10,350
NIFTY
CE
6,600
17.95
91,601
27,80,200
BANKNIFTY
CE
12,000
114.75
11,858
2,03,275
SBIN
CE
1,800
43.05
3,897
3,66,250
RELIANCE
CE
900
19.45
3,070
6,59,750
BHEL
CE
180
4.45
1,458
10,40,000
DLF
CE
180
3.50
1,413
19,80,000
TCS
CE
2,200
58.60
1,357
1,70,000
Nifty Future closed in the red in the last trading session.
We advise selling around 6370-6390 with strict stop loss
of 6420 for the targets of 6320-6280 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
30336
950.70
31561
992.50
427066
13426.44
-41.80
INDEX OPTIONS
189280
5923.42
167599
5229.28
953253
29948.95
694.14
STOCK FUTURES
33481
1147.60
32752
1112.84
940941
30172.28
34.76
STOCK OPTIONS
15683
481.19
16622
508.76
15157
445.39
-27.57
TOTAL
659.54
INDICES
NIFTY
NIFTYJUNIOR
BANK NIFTY
YOUR MINTVISORY
S2
S1
PIVOT
R1
R2
6231.86
6261.48
6302.76
6332.38
6373.66
631.05
633.41
636.95
639.3
642.84
11230.46
11303.23
11427.81
11500.58
11625.16
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4. DAILY REPORT
31st DECEMBER. 2013
COMMODITY MCX
RECOMMENDATIONS
SILVER
COMMODITY ROUNDUP
The GOLD rate touched an intraday high of Rs 28551 and an
intraday low of Rs 28331. 9367 contracts had been traded.
Gold Price was taking support at 28250 and traded in sideways range all day. In evening session gold price breached
the nearest support 28360 and made low of 2833. a weak
trend in the overseas markets as investor holdings extended
declines to the lowest since 2009, mainly put pressure on
the gold prices at futures trade here.
The SILVER rate touched an intraday high of Rs 44879 and
an intraday low of Rs 44127. 19465 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 44127 . After evening there had seen more
selling pressure in Silver and it will helpful to break the
nearest support 43900.
TRADING STRATEGY:
BUY SILVER ABOVE 44480 TGTS 44680/44980 SL 44080
SELL SILVER BELOW 43900 TGTS 43700/43400 SL 44250
GOLD
Tracking a weak trend in the precious metals overseas, silver prices fell 0.66% to Rs 44,856 per kg in futures trade
yesterday as speculators reduced their exposures. At the
MCX silver for delivery in March fell by Rs 298, or 0.66%, to
Rs 44,856 per kg in business turnover of 683 lots. Similarly,
the white metal for delivery in May declined by Rs 260, or
0.56%, to Rs 45,830 per kg in business volume of 7 lots. A
subdued trend overseas as some investors lost faith in the
precious metals as a safe haven investment amid a rally in
US equities and an improving economy, which prompted
the Federal Reserve to pare its $85 billion in monthly bond
purchases, attributed fall in silver prices at futures trade.
Nickel prices rose 0.33% to Rs 888.90 per kg in futures trading yesterday as participants enlarged positions even as
metal weakened at the LME. At the MCX nickel for delivery
in January traded Rs 2.90, or 0.33% higher at Rs 888.90 per
kg in business turnover of 31 lots.
TRADING STRATEGY:
BUY GOLD ABOVE 28480 TGTS 28560/28660 SL 28380
SELL GOLD BELOW 28250 TGTS 28170/28070 SL 28350
YOUR MINTVISORY
Aluminium futures prices rose by 0.14% to Rs 109.70 per kg
yesterday as speculators covered up their short positions on
rising demand in spot markets even as metal weakened in
the global markets. At the MCX Aluminium for delivery in
current month up by 15 paisa, or 0.14%, to Rs 109.70 per
kg, with a business turnover of 27 lots.
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5. DAILY REPORT
31st DECEMBER. 2013
NCDEX
RECOMMENDATIONS
CASTORSEED
NCDEX INDICES
Index
Value
% Change
Castor Seed
4387
+3.98
Chana
3066
+0.99
Coriander
7753
+4.00
Cotton Seed Oilcake
1486
+2.84
12542.5
+0.10
Maize– Feed/ Industrial grade
1195
+0.67
Mustard seed
3505
-0.68
Soy Bean
3776
-0.36
Sugar M Grade
2806
+0.11
Turmeric
6352
+0.44
Jeera
BUY CASTORSEED FEB ABOVE 4480 TGTS 4510 / 4560 SL
4430
SELL CASTORSEED FEB BELOW 4350 TGTS 4320 / 4270 SL
4400
DHANIYA
BUY DHANIYA JAN ABOVE 7805 TGTS 7835 / 7885 SL 7755
SELL DHANIYA JAN BELOW 7670 TGTS 7640 /7590 SL 7720
YOUR MINTVISORY
NCDEX ROUNDUP
Coriander prices surged by 3.42% to Rs 7,710 per quintal in
futures trading yesterday as speculators indulged in creating fresh positions at existing lower levels, driven by strong
demand in the spot market. At the NCDEX, coriander for
delivery in January surged by Rs 255, or 3.42% to Rs 7,710
per quintal with an open interest of 17,700 lots. Similarly,
the spice for delivery in February shot up by Rs 249, or
3.15% to Rs 8150 per quintal in 17,800 lots. Fresh positions
created by speculators driven by strong demand in the spot
market demand against limited arrivals from producing
belts, led to an upsurge in coriander prices at futures trade.
Refined soya oil prices gained 0.34% to Rs 685.55 per 10 kg
in futures trading yesterday after speculators created fresh
positions, supported by a rise in demand in the spot market.
At the NCDEX, refined soya oil for delivery in delivery in
February rose by Rs 2.35, or 0.34% to Rs 685.55 per 10 kg
with an open interest of 1,07,020 lots. Likewise, the oil for
delivery in January traded higher by Rs 1.75, or 0.25% to Rs
694.70 per 10 kg in 57,130 lots. Speculators created fresh
positions supported by a rise in demand in the spot markets
helped refined soya oil prices to trade higher at futures
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6. DAILY REPORT
31st DECEMBER. 2013
CURRENCY
RBI Reference Rate
Currency
Rate Currency
Rupee- $
62.0028 Yen-100
Euro
85.1855 GBP
USD/INR
USD/INR SELL BELOW 62.15 TGTS 61.99, 61.79 SL 62.51.
USD/INR BUY ABOVE 62.59 TGTS 62.73, 62.99 SL 62.14
GBP/INR
SELL GBP/INR BELOW 102.38 TGTS 102.20,101.99 SL
102.78.
BUY GBP/INR ABOVE 103.10 TGTS 103.29,103.51 SL
102.70.
YOUR MINTVISORY
Rate
58.8600
102.1682
CURRENCY ROUNDUP
The Indian rupee remained weak due to dollar demand by
oil importers. The rupee was trading at Rs 61.99 compared
to previous close of Rs 61.85 per dollar. Currency rupee was
seen trading in the range of Rs 61.80 to Rs 62.20 during the
day. The Indian rupee stood at 62.02 against the US dollar
during early trade on Monday. The rupee closed at 61.85
per dollar on Friday.
The rupee today lost 17 paise to 62.02 against the dollar in
early trade on the Interbank Foreign Exchange market due
to month-end demand of the US currency from importers
Forex dealers said dollar strengthening against other currencies in the global market also put pressure on the rupee
but sustained rise in domestic equities capped the fall. The
domestic currency had closed higher by 31 paise at 61.85 on
Friday after a rally in local equities and fresh sales of the US
currency by exporters.
The dollar was little changed against the other major currencies in subdued trade on Monday, as risk appetite
strengthened ahead of the year end, while demand for the
greenback remains supported by the Federal Reserve's decision to taper stimulus. Trading volumes were thin as many
investors already closed books before the end of the year,
reducing liquidity in the market and increasing volatility,
which helped exaggerate market moves.
During European morning trade, EUR/USD edged up 0.07%
to 1.3754. The euro remained mildly supported after European Central Bank Governing Council member Jens Weidmann on Friday said keeping interest rates low may endanger political reforms. The pound was steady against the dollar, with GBP/USD eased up 0.05% to 1.6486. Elsewhere,
the greenback hit fresh five-year highs against the yen, with
USD/JPY up 0.10% to 105.28 and was steady against the
Swiss franc, with USD/CHF down 0.05% to 0.8911. The yen
continued to weaken amid speculation the Bank of Japan
will have to expand its stimulus program in the coming
months in order to meet its target of 2% inflation by 2015.
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7. DAILY REPORT
31st DECEMBER. 2013
CALL REPORT
PERFORMANCE UPDATES
Date
Commodity/ Currency
Pairs
Contract
Strategy
Entry Level
Target
Stop Loss
Remark
30/12/13
MCX GOLD
FEB.
BUY
28650
28720-28820
28550
NOT EXECUTED
30/12/13
MCX GOLD
FEB.
SELL
28420
28350-28250
28520
BOOKED PROFIT
30/12/13
MCX SILVER
MAR.
BUY
45250
45450-45750
44900
NOT EXECUTED
30/12/13
MCX SILVER
MAR.
SELL
44880
44680-44580
45250
BOOKED FULL PROFIT
30/12/13
NCDEX CASTOR SEED
FEB.
SELL
4230
4200-4150
4280
NOT EXECUTED
30/12/13
NCDEX CASTOR SEED
FEB.
BUY
4525
4555-4595
4475
NOT EXECUTED
30/12/13
NCDEX DHANIYA
JAN.
BUY
7500
7530-7580
7450
BOOKED FULL PROFIT
30/12/13
NCDEX DHANIYA
JAN.
SELL
7370
7340-7290
7420
NOT EXECUTED
30/12/13
JPY/INR
JAN.
SELL
59.50
59.37-59.18
59.91
NOT EXECUTED
30/12/13
JPY/INR
JAN.
BUY
59.93
60.10-60.27
59.52
NOT EXECUTED
30/12/13
EUR/INR
JAN.
SELL
85.60
85.45-85.25
86.01
NO PROFIT NO LOSS
30/12/13
EURINR
JAN.
BUY
86.21
86.36-86.53
85.80
NOT EXECUTED
Date
Scrip
CASH/
FUTURE/
OPTION
Strategy
Entry Level
Target
Stop Loss
Remark
30/12/13
NIFTY
FUTURE
BUY
6300-6320
6350-6370
6250
NOT EXECUTED
30/12/13
PNB
FUTURE
BUY
640-645
655-665
630
SL TRIGGERED
30/12/13
TCS
FUTURE
BUY
2160-2170
2190-2220
2140
CALL OPEN
30/12/13
KOTLE PATIL
CASH
BUY
95
100-105
95
CALL OPEN
27/12/13
KTKBANK
FUTURE
BUY
110-112
114-118
106
BOOKED PROFIT
27/12/13
TATA STEEL
FUTURE
BUY
428
434-438
422
CALL OPEN
24/12/13
DLF
FUTURE
BUY
170-171
174-178
167
SL TRIGGERED
24/12/13
LICHOUSING
FUTURE
BUY
215-216
225-225
210
CALL OPEN
23/12/13
RELIANCE
FUTURE
BUY
895-900
915-935
878
CALL OPEN
YOUR MINTVISORY
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8. DAILY REPORT
31st DECEMBER. 2013
ECONOMIC CALENDAR
NEXT WEEK'S U.S. ECONOMIC REPORTS
TIME (ET)
REPORT
PERIOD
ACTUAL
CONSENSUS FORECAST
PREVIOUS
--
-0.6%
MONDAY, DEC. 30
10 am
Pending home sales
Nov.
TUESDAY, DEC. 31
9 am
9:45 am
10 am
Case-Shiller home prices
Oct.
--
13.3% y-o-y
Chicago PMI
Dec.
61.8
63.0
Consumer confidence
Dec.
75.0
70.4
12/28
N/A
338,000
WEDNESDAY, JAN. 01
New Year's Day
None scheduled
THURSDAY, JAN. 02
8:30 am
Weekly jobless claims
9 am
Market PMI
Dec.
--
54.4
10 am
ISM
Dec.
56.9%
57.3%
10 am
Construction spending
Nov.
0.9%
0.8%
16.0 mln
16.3 mln
FRIDAY, JAN. 03
TBA
Motor vehicle sales
Dec.
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