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1. DAILY REPORT
17th DECEMBER. 2013
Global markets at a glance
The Dow Jones industrial average rose 129.21 points or
0.82 percent, to 15,884.57, the S&P 500 gained 11.22
points or 0.63 percent, to 1,786.54 and the Nasdaq Composite added 28.54 points or 0.71 percent, to 4,029.51.
European shares rebounded on Monday from a four-day
losing streak, led by a rise in German equities that helped
offset concerns over future U.S. monetary policy. The panEuropean FTSEurofirst 300 index ended up 1.3% at
1,258.31 points, while the euro zone's blue-chip Euro
STOXX 50 index rose by around 2% to 2,978.77 points.
World Indices
Index
Value
% Change
15,884.57
+0.82
S&P 500
1,786.54
+0.63
NASDAQ
EURO STO
FTSE 100
4,029.52
2,978.77
6,522.20
+0.71
+1.95
+1.28
Nikkei 225
Hong Kong
15,283.94
23,190.44
+0.66
+0.39
DJl
Top Gainers
Wall Street Update
US stocks rose on Monday after closing Friday their worst
week since August as upbeat economic data from the
United States and Europe boosted optimism ahead of a
key Federal Reserve decision later in the week. In Tokyo,
Nikkei futures advanced 0.8 percent, indicating a firmer
open after shedding 1.6 percent to a 3-1/2 week closing
low on Monday.
Previous day Roundup
The market closed lower for the fifth consecutive session
on Monday. The Sensex fell 50.14 points to 20,665.44, and
the Nifty lost 13.70 points to 6,154.70. About 1092 shares
have advanced, 1312 shares declined, and 183 shares
were unchanged.
Index stats
The Bankex and Bank Nifty both declined. Among the sartorial indices the sectors which closed up are; Capital
Goods [up 43.71pts], Consumer Durables [up 67.28pts],
Metals [up 19.35pts], Realty [up 1.73pts], TECK [up
49.31pts], IT [up 133.63pts], Power [up 5.39pts], and
Healthcare [up 76.06pts], the index slipped were Oil & Gas
[down 137.61pts], AUTO [down 84.8pts], PSU [down
16.42pts],FMCG [down 31.16pts].
CMP
Change
% Chg
SSLT
199.75
7.85
+4.09
INFY
3,451.00
77.15
+2.29
POWERGRID
99.20
1.70
+1.74
TATAPOWER
287.00
1.40
+1.61
COALINDIA
287.00
3.90
+1.38
CMP
Change
% Chg
932.05
252.40
557.00
845.00
417.65
27.50
7.40
14.15
19.70
15.95
-2.89
-2.85
-2.48
-2.28
-3.43
Symbol
Prev. Close
Change
%Chg
ASTRAL
282.05
7.55
+2.75
AUROPHARMA
350.00
40.00
+12.90
BFUTILITIE
432.65
20.60
+5.00
DELTACORP
Asian shares got off to a promising start on Tuesday on the
back of rising U.S. manufacturing output and a jump in
euro zone business activity
Company
104.2
7.35
+7.59
1181.15
7.85
+0.66
Prev. Close
Change
%Chg
1006.00
48.50
18.35
0.20
-1.79
-0.41
CMP
Change
% Chg
6,154.70
20,559.52
-13.70
-56.06
-0.22
-0.27
Top Losers
Company
M&M
JINDLASTEL
SUNPHARMA
RELIANCE
INDUSINDBK
Stocks at 52 Week’s high
HCLTECH
Stocks at 52 Week’s Low
Symbol
BEL
DSKULKARNI
Indian Indices
Company
NIFTY
SENSEX
YOUR MINTVISORY
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2. DAILY REPORT
17th DECEMBER. 2013
EQUITY CASH & FUTURE
STOCK RECOMMENDATIONS [FUTURE]
1. TECH MAHINDRA
STOCK RECOMMENDATION [CASH]
1. TATA ELXSI
TECH MAHINDRA FUTURE is looking strong on charts, long
build up has been seen, we may see more upside, if it continues to sustain above 1750. We advise buying around
1740-1750 levels with strict stop loss 1715 for the targets
of 1770-1790 levels.
TATA ELXSI is looking strong on charts. We advise buying
around 340-345 levels with strict stop loss of 330 for the
targets of 355-365 levels.
2. ADANI ENTERPRISES
ADANI ENTERPRISES FUTURE is looking strong on charts,
long build up has been seen, we may see more upside, if it
continues to sustain above 260. We advise buying above
260 levels with strict stop loss 255 for the targets of 265270.
YOUR MINTVISORY
MACRO NEWS
 The Indian wholesale price index (WPI) for the month of
November shot up to a 14-month high of 7.52% vs 7%in
the previous month, led by higher primary, food and fuel
prices. The street was largely expecting the November
WPI to stay at 7 percent. The September WPI number has
also been revised upwards at 7.05% from the provision
figure of 6.46.
 GlaxoSmithKline plc announced a voluntary open offer to
increase its stake in its publicly-listed pharmaceuticals
subsidiary in India, GlaxoSmithKline Pharmaceuticals Limited , from 50.7 percent to up to 755 at a price of Rs 3,100
per share. With this latest India deal, GSK is set to spend
close to $2 billion in roughly a year to increase its holdings
in two listed Indian companies, its biggest incremental
investment in any country in that period.
 Foreign institutional investors sold Indian shares worth
4.32 billion rupees ($69.49 million) on Friday, to snap
their 10-day buying streak, raising concerns ahead of the
Fed's meeting ending on Wednesday.
 Reserve Bank of India likely to hike repo rate by 25bps.
 Government may stop charging market rates for bulk diesel purchase.
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3. DAILY REPORT
FUTURE & OPTION
17th DECEMBER. 2013
MOST ACTIVE PUT OPTION
Symbol
Option
Type
Strike
Price
LTP
Traded
Volume
(Contracts)
Open
Interest
NIFTY
PE
6,100
43.00
2,72,973
49,03,150
NIFTY
PE
6,200
84.50
2,53,099
35,53,000
NIFTY
PE
6,000
19.45
1,79,103
56,49,700
BANK NIFTY
PE
11,000 102.55
26,799
4,04,000
SBIN
PE
1,700
26.00
4,522
2,23,000
INFY
PE
3,400
22.40
3,037
1,84,750
ICICIBANK
PE
1,100
30.70
2,075
3,28,750
TATASTEEL
PE
400
4.85
2,042
14,13,000
Strike
Price
LTP
Traded
Volume
(Contracts)
STOCKS IN NEWS
 SBI reported a 33% decline in its advance tax payment for the December quarter at Rs 1,130 crore.
 RIL to exit non-veg business as it hurts religious sentiment.
 Walmart gets CCI nod to buy Bharti's stake in Indian
JV.
 Public sector banks to go on strike on December 18.
 CCI clears purchase of Heidelberg's Raigad unit by
JSW Steel.
Open
Interest
NIFTY FUTURE
MOST ACTIVE CALL OPTION
Symbol
Option
Type
NIFTY
CE
6,300
27.40
3,34,185
71,36,150
NIFTY
CE
6,200
62.00
3,00,676
38,32,300
NIFTY
CE
6,400
10.00
1,89,617
49,25,300
BANKNIFTY
CE
12,000
62.90
24,280
4,34,050
SBIN
CE
1,800
20.80
6,050
3,75,500
TCS
CE
2,100
11.05
3,501
4,90,750
RELIANCE
CE
860
9.00
3,293
5,95,250
INFY
CE
3,500
26.05
3,058
1,09,875
TCS
CE
2,050
25.40
2,914
1,88,250
Nifty Future closed in the red in the last trading session. We advise selling on rise around 6200 with strict
stop loss of 6240 for the targets of 6160-6120 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
33039
1011.83
51380
1575.35
594990
18322.58
-563.52
INDEX OPTIONS
320587
9702.47
334463
10161.08
1738898
53303.39
-458.61
STOCK FUTURES
56461
1642.93
55362
1571.25
1162702
31801.51
71.68
STOCK OPTIONS
34815
995.58
35800
1024.86
51706
1371.25
-29.28
TOTAL
-979.72
INDICES
NIFTY
S2
S1
PIVOT
R1
R2
6124.13
6139.41
6161.33
6176.61
6198.53
NIFTYJUNIOR
12194.13
12237.66
12272.63
12316.16
12351.13
BANK NIFTY
11243.35
11308.15
11374.5
11439.3
11505.65
YOUR MINTVISORY
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4. DAILY REPORT
17th DECEMBER. 2013
COMMODITY MCX
RECOMMENDATIONS
SILVER
COMMODITY ROUNDUP
A two day US Fed policy makers meet is scheduled to end
on Wednesday and traders may get further clues for their
trading from the meeting statement.
US gold futures continued its negative trend on Monday
and was seen trading down on concerns that US Central
Bank may start reducing its monetary stimulus soon. India
gold futures edged lower on Monday tracking a weak trend
in the global market. Appreciation of Indian Rupee (INR)
against US Dollar (USD) may have put pressure on the commodity prices to certain extent.
HSBC Flash China Manufacturing Purchasing Managers Index (PMI) was down at 50.5 in December lower when compared to 50.8 in November. Flash China manufacturing output index is reported at 51.8 in December (52.2 in November), a two-month low.
TRADING STRATEGY:
BUY SILVER ABOVE 45700 TGTS 45900/46200 SL 45350
SELL SILVER BELOW 45200 TGTS 45000/44700 SL 45550
US mines have produced 19300 kilograms of gold in September this year, a decline of 5% when compared to 20400
kg in the previous month and slightly down when compared
to 19600 kg in the same period last year.
GOLD
MCX GOLD February contract was closed at Rs 28831 down
Rs 601 , or- 2.04 percent. The GOLD rate touched an intraday high of Rs 29371 and an intraday low of Rs 28766. So
far 23761 contracts have been traded. Gold Price was taking
support at 29250 and traded in sideways range all day. In
evening session gold price broke the nearest SUPPORT of
29150 and made new low of 28766
MCX SILVER March contract was closed at Rs 45330 UP Rs
554, or 1.24 percent. The SILVER rate touched an intraday
high of Rs 45665 and an intraday low of Rs 44062. 26492
contracts had been traded. Silver opened at morning with
gap up and made day low. In mid session silver trade in big
range and made night high 45665 . After 8.00 p.m. there
had seen more buying pressure in silver and it will helpful to
break the nearest resistance of 45700.
TRADING STRATEGY:
BUY GOLD ABOVE 28930 TGTS 29010/29110 SL 28820
SELL GOLD BELOW 28690 TGTS 28610/28510 SL 28810
YOUR MINTVISORY
India Govt drive to reduce gold consumption to discourage
gold imports, reduce Current Account Deficit (CAD) caused
increase in smuggling activity and reduced gold jewellery
exports.
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5. DAILY REPORT
17th DECEMBER. 2013
NCDEX
RECOMMENDATIONS
CASTORSEED
NCDEX INDICES
Index
Value
% Change
Barley
1440
-0.17
Castor Seed
4861
+3.03
Chana
2840
-1.05
Chilli
7348
+0.08
Coriander
8015
+2.82
Cotton Seed Oilcake
1406
-0.92
12980
+0.12
3620
-1.42
697
+0.15
5200
+1.21
Jeera
Mustard seed
Ref Soya Oil
Turmeric
BUY CASTORSEED ABOVE 4880 TGTS 4910,4960 SL 4830
SELL CASTORSEED BELOW 4650 TGTS 4620,4570 SL 4700
DHANIYA
SELL DHANIYA BELOW 8355 TGTS 8325,8275 SL 8395
BUY DHANIYA ABOVE 8460 TGTS 8490,8540 SL 8410
YOUR MINTVISORY
NCDEX ROUNDUP
Panel to discuss more sops for sugar mills on December 18.
Jeera prices traded up by 0.73% to Rs 13,060 per quintal in
futures trade yesterday as speculators created fresh positions supported by pick up in demand in the spot market. At
the National Commodity and Derivatives Exchange, jeera
for delivery in December rose by Rs 95, or 0.73%, to Rs
13,060 per quintal with an open interest of 2,190 lots. Similarly, the spice for delivery in January traded higher by Rs
80, or 0.61%, to Rs 13,122.50 per quintal in 6,834 lots.
speculators created fresh positions supported by pick up in
demand in the spot market that helped jeera prices to trade
higher at futures trade.
Coriander prices rose 2.43% to Rs 8,335 per quintal in futures trading today on strong demand in the spot market
against limited arrivals from producing belts. At
the National Commodity and Derivative Exchange, coriander for delivery in January gained Rs 198, or 2.43%, to Rs
8,335 per quintal with an open interest of 33,610 lots. Similarly, the spice for delivery in December traded higher by Rs
181, or 2.32%, to Rs 7,976 per quintal in 870 lots. Besides
strong demand in the spot market, restricted arrivals from
producing regions mainly pushed up coriander prices at futures trade.
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6. DAILY REPORT
17th DECEMBER. 2013
CURRENCY
RBI Reference Rate
Currency
Rate Currency
Rupee- $
62.1024 Yen-100
Euro
85.4284 GBP
JPY/INR
SELL JPY/INR BELOW 59.95 TGTS 59.76,59.60 SL 60.36.
BUY JPY/INR ABOVE 60.74 TGTS 60.94, 61.16 SL 60.33.
GBP/INR
Rate
60.4000
101.2704
CURRENCY ROUNDUP
The dollar pulled back further against the yen from a fiveyear high set on Friday. The greenback was at 103.08 yen
after easing 0.3 percent on Monday. Ahead of the Reserve
Bank of Australia policy meeting minutes, the Australian
dollar was down a tad at$0.8944, near a 3-1/2 month low of
$0.8909 set on Friday. The dollar moved largely lower
against most major currencies on Monday after hit-or-miss
economic indicators released earlier cast doubts on recent
expectations for the Federal Reserve to announce plans to
taper its USD85 billion in monthly asset purchases at a policy meeting this week.
The euro held the upper hand on Tuesday after surprisingly
strong euro zone manufacturing data, while uncertainty
over when the Federal Reserve would start to trim its economic stimulus program kept the dollar on the defensive.
The Reserve Bank of India said on Monday it accepted all 58
bids for 384.50 billion rupees ($6.19 billion) at its one-day
repo auction, through which it injects liquidity into the
banking system. It accepted both bids for 8.03 billion rupees
($129.2 million) at its one-day reverse repo auction, through
which it absorbs excess liquidity from the banking system.
Indian banks' refinancing with RBI rises to 264.95 billion rupees. Indian banks' cash balances with RBI marginally lower
at 3.11 trillion rupees.
The Indian rupee gained on Monday, snapping three days of
losses on inflows tied to dollar sales from foreign banks and
corporate, even as high wholesale prices virtually sealed the
case for a rate hike on Wednesday.
SELL GBP/INR BELOW 100.83 TGTS 100.66,100.44 SL
101.28.
BUY GBP/INR ABOVE 101.70 TGTS 101.86,102.03 SL
101.25.
YOUR MINTVISORY
The partially convertible rupee closed at 61.73/74 per dollar
compared with 62.125/135 on Friday. It rose 0.7 pct in session, its biggest single day gain in nearly a month. In the offshore non-deliverable forwards, the one-month contract
was at 62.15 while the three-month was at 63.02.
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7. DAILY REPORT
17th DECEMBER. 2013
CALL REPORT
PERFORMANCE UPDATES
Date
Commodity/ Currency
Pairs
Contract
Strategy Entry Level
Target
Stop Loss
Remark
NOT EXECUTED
16/12/13
MCX GOLD
DEC
BUY
29500
29580-29680
29390
16/12/13
MCX GOLD
DEC.
SELL
29250
29170-29070
29360
16/12/13
MCX SILVER
DEC
BUY
45050
45300-45650
44750
16/12/13
MCX SILVER
DEC
SELL
44500
44250-43900
44800
BOOKED PROFIT
16/12/13
NCDEX CASTOR SEED
JAN.
SELL
4640
4615-4580
4680
NOT EXECUTED
16/12/13
NCDEX CASTOR SEED
JAN.
BUY
4880
4905-4940
4840
NOT EXECUTED
16/12/13
NCDEX DHANIYA
JAN
BUY
8380
8405-8440
8345
BOOKED FULL
PROFIT
16/12/13
NCDEX DHANIYA
JAN
SELL
7950
7925-7980
7995
NOT EXECUTED
16/12/13
USD/INR
DEC.
SELL
62.21
61.99-61.75
62.60
BOOKED PROFIT
16/12/13
USD/INR
DEC.
BUY
62.48
62.62-62.75
62.09
NOT EXECUTED
16/12/13
EUR/INR
DEC.
SELL
85.34
85.18-84.97
85.74
BOOKED PROFIT
16/12/13
EURINR
DEC.
BUY
85.64
85.79-85.92
85.24
BOOKED PROFIT
Stop Loss
Remark
Date
Scrip
CASH/
FUTURE/
OPTION
Strategy
Entry Level Target
BOOKED FULL
PROFIT
BOOKED FULL
PROFIT
16/12/13
NIFTY
FUTURE
SELL
6180
6150-6120
6240
CALL OPEN
16/12/13
TATAMOTORS
FUTURE
BUY
368-372
378-384
360
CALL OPEN
16/12/13
AURO PHARMA
FUTURE
BUY
314
318-324
309
BOOKED FULL
PROFIT
16/12/13
BF UTILITIES
CASH
BUY
410-415
425-440
400
NOT EXECUTED
13/12/13
JINDAL PHOTO
CASH
BUY
130-135
145-155
122
CALL OPEN
12/12/13
HCLTECH
FUTURE
BUY
1180
1200-1220
1160
CALL OPEN
11/12/13
SASKEN COMM
CASH
BUY
176
186-196
166
BOOKED PROFIT
YOUR MINTVISORY
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8. DAILY REPORT
17th DECEMBER. 2013
ECONOMIC CALENDAR
US ECONOMIC REPORT
TIME (ET)
REPORT
PERIOD
ACTUAL
CONSENSUSFORECAST
PREVIOUS
MONDAY, DEC. 16
8:30 AM
EMPIRE STATE INDEX
DEC.
4.0
-2.2
8:30 AM
PRODUCTIVITY REVISION
Q3
2.4%
1.9%
9:15 AM
INDUSTRIAL PRODUCTION
NOV.
0.5%
-0.1%
9:15 AM
CAPACITY UTILIZATION
NOV.
78.4%
78.1%
TUESDAY, DEC. 17
8:30 AM
CONSUMER PRICE INDEX
NOV.
0.1%
-0.1%
8:30 AM
CORE CPI
NOV.
0.1%
0.1%
8:30 AM
CURRENT ACCOUNT
Q3
--
-$99 BLN
10 AM
HOME BUILDERS' INDEX
DEC.
55
54
WEDNESDAY, DEC. 18
8:30 AM
HOUSING STARTS
NOV.
950,000
891,000
(AUG)
8:30 AM
BUILDING PERMITS
NOV.
1.00 MLN
1.04 MLN
2 PM
FOMC STATEMENT
2:30 AM
BERNANKE PRESS CONFERENCE
THURSDAY, DEC. 19
8:30 AM
WEEKLY JOBLESS CLAIMS
12/14
N/A
N/A
10 AM
EXISTING HOME SALES
NOV.
5.05 MLN
5.12 MLN
10 AM
PHILLY FED
DEC.
10.0
6.5
10 AM
LEADING INDICATORS
NOV.
--
0.2%
3.6%
3.6%
FRIDAY, DEC. 20
8:30 AM
GDP REVISION
Q3
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