1. DAILY REPORT
21st OCTOBER 2014
YOUR MINTVISORY Call us at +91-731-6642300
Global markets at a glance
Asian stocks crept up on Tuesday as investors took solace from data showing the Chinese economy grew slightly more than expected in the third quarter, calming fears of a deepening slowdown in the world's second-largest econ- omy. MSCI's broadest index of Asia-Pacific shares outside Japan rose about 0.3 percent in morning trade following the Chinese figures, after opening flat. Japan's Nikkei stock average, though, extended losses throughout the morning as the yen strengthened and investors locked in profits af- ter the previous session's rally. The Nikkei slipped about 0.5 percent after surging 4 percent on Monday.
European stocks fell on Monday, trimming gains made in the previous session, as a profit warning by SAP hit technol- ogy shares. The FTSEurofirst 300 closed down 0.6 percent at 1,272.72 points, trimming a 2.8 percent rise on Friday that was prompted by reassuring U.S. macroeconomic data.
Wall Street Update
Wall Street marked solid gains overnight despite a quar- terly earnings miss from IBM, and Apple Inc posted a better-than-expected 12% jump in revenue after the close. U.S. stocks ended higher on Monday on investor hopes for a strong earnings season, but IBM's disappointing results lim- ited gains. The DJI average rose 19.26pts, or 0.12%, to 16,399.67, the S&P 500 gained 17.25pts, or 0.91%, to 1,904.01 and Nasdaq added 57.64 points, or 1.35%, to 4,316.07.
Previous day Roundup
Equity benchmarks started of the Diwali week with more than a percent gain yesterday, rejoicing after the BJP elec- tion win, diesel deregulation and gas price hike announced over the weekend. The 30-share BSE Sensex climbed 321.32 points or 1.23 percent to close at 26429.85 and the 50-share NSE Nifty jumped 99.70 points or 1.28 percent to 7879.40. The broader markets rallied too with the BSE Mid- cap gaining over a percent.
Index stats
The Market was very volatile in last session. The sartorial indices performed as follow; Consumer Durables [down pts], Capital Goods [up 304.14pts], PSU [up 207.68pts], FMCG [up 31.60pts], Realty [up 12.52pts], Power [up 28.94pts], Auto [up 369.44pts], Healthcare [up 165.17pts], IT [down 83.75pts], Metals [up170.21pts], TECK [down 14.46pts], Oil& Gas [down pts].
World Indices
Index
Value
% Change
D J l
16399.67
+0.12
S&P 500
1904.01
+0.91
NASDAQ
4316.07
+1.35
EURO STO
2927.30
-1.18
FTSE 100
6267.07
-0.68
Nikkei 225
15001.97
-0.72
Hong Kong
23153.54
+0.36
Top Gainers
Company
CMP
Change
% Chg
ULTRACEMCO
2,454.60
136.85
5.90
ONGC
417.00
19.90
5.01
HINDALCO
146.00
6.55
4.70
DLF
115.55
4.95
4.48
BPCL
694.10
27.35
4.10
Top Losers
Company
CMP
Change
% Chg
JINDALSTEL
136.80
10.85
-7.35
WIPRO
555.25
10.65
-1.88
INFY
3,810.40
41.25
-1.07
TCS
2,425.50
15.65
-0.64
ITC
351.80
2.15
-0.61
Stocks at 52 Week’s High
Symbol
Prev. Close
Change
%Chg
HDFCBANK
896.95
11.70
1.32
HINDPETRO
525.25
33.55
6.82
INDUSINDBK
665.85
5.00
0.76
TVSMOTOR
246.20
16.35
7.11
ZEEL
330.20
7.80
2.42
Indian Indices
Company
CMP
Change
% Chg
NIFTY
7859.95
-100.60
-1.26
SENSEX
26297.38
-339.90
-1.28
Stocks at 52 Week’s Low
Symbol
Prev. Close
Change
%Chg
JINDALSTEL
136.80
-10.85
-7.35
2. DAILY REPORT
21st OCTOBER 2014
YOUR MINTVISORY Call us at +91-731-6642300
STOCK RECOMMENDATIONS [FUTURE]
1. HEXAWARE [FUTURE]
HEXAWARE FUTURE is looking strong on charts, long build
up has been seen, we may see more upside, if it sustains
above 180 levels. We advise buying around 180 levels with
strict stop loss of 175 for the targets of 184-188 levels.
2. HINDPETRO [FUTURE]
HIND PETRO FUTURE is looking strong on charts, long build
up has been seen, we may see more upside, if it sustains
above 525 levels. We advise buying around 520-525 levels
with strict stop loss of 512 for the targets of 532-540 levels.
EQUITY CASH & FUTURE
STOCK RECOMMENDATION [CASH]
1. SONATA SOFT
SONATA SOFT strong on daily chart. We advise buying
around 124-125 level with strict stop loss 121 for the tar-gets
127-130
MACRO NEWS
India promised on Monday to open up the coal industry
to private players and moved closer to selling a stake in a
state-run oil company.
India's central bank will not change its gold import rules,
the world's second-largest consumer of the precious
metal was keen to limit imports.
IDBI Bank launched its benchmark US dollar 5.5-year
senior Reg S offering today at an initial guidance of
300bp over US Treasuries. The proposed issue will come
off the lender's US$5bn MTN programme and will be
issued from its Dubai International Financial Centre
branch.
Tata Comm. is hoping to achieve pricing of high 4 per-cent
on its proposed dollar offering. It's been over a
month since the road show finished in mid September,
but the negotiation on pricing is still ongoing.
LIC Housing Finance priced a minimum 3bn rupees bond
offering with Axis Bank as sole arranger. The bonds, ma-turing
in Feb 2018, will pay a coupon of 9.0769% to yield
9.10%. The bonds settle on Oct 27. The offering comes
with an unspecified greenshoe option.
3. DAILY REPORT
21st OCTOBER 2014
YOUR MINTVISORY Call us at +91-731-6642300
FUTURE & OPTION
MOST ACTIVE PUT OPTION
Symbol
Op- tion
Type
Strike Price
LTP
Traded Volume (Contracts)
Open Interest
NIFTY
PE
7,900
67.1
4,87,789
47,74,150
NIFTY
PE
7,800
33.05
4,19,936
54,24,550
NIFTY
PE
7,700
15.7
2,88,570
56,18,900
BANKNIFTY
PE
16,000
90.6
55,394
3,93,050
SBIN
PE
2,500
19.2
6,326
2,01,750
RELIANCE
PE
900
3.8
4,646
4,52,000
INFY
PE
3,800
33.7
4,333
3,18,500
TCS
PE
2,400
32.3
4,046
1,38,250
MOST ACTIVE CALL OPTION
Symbol
Op- tion
Type
Strike Price
LTP
Traded Volume (Contracts)
Open Interest
NIFTY
CE
8,000
26
5,20,826
64,22,050
NIFTY
CE
7,900
61.25
4,95,213
43,46,000
NIFTY
CE
8,100
8.8
3,18,044
64,30,950
BANKNIFTY
CE
16,500
97
70,445
4,71,550
RELAINCE
CE
940
13.65
9,924
11,40,750
SBIN
CE
2,600
33.9
8,437
5,81,125
TCS
CE
2,500
19
7,196
5,38,250
INFY
CE
3,900
19
4,903
4,76,625
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
83922
3341.55
47360
1886.54
298985
11865.61
1455.01
INDEX OPTIONS
408687
16162.76
414311
16354.92
1775639
70080.59
-192.17
STOCK FUTURES
86204
3231.93
73670
2604.22
1228202
43391.31
627.72
STOCK OPTIONS
80725
2881.39
81906
2926.23
80187
2864.24
-44.84
TOTAL
1845.72
INDICES
R2
R1
PIVOT
S1
S2
NIFTY
7,929.77
7,904.58
7,880.77
7,855.58
7,831.77
BANK NIFTY
16,363.83
16,290.22
16,223.63
16,150.02
16,083.43
STOCKS IN NEWS Results Today: HDFC Bank , PNB , UPL , Cairn India , JSW Steel , Biocon , South Indian Bank , IIFL, Tata Cof- fee, DHFL, Zee Learn, Welspun Corp, BASF, Uniphos Enterprises, Mcleod Russel, SKF India, Royal Orchid Hotels, Mahindra CIE Automotive, Mahindra Compos- ite, KPIT Technologies, Kaveri Seed, Indoco Remedies, Gujarat Fluoro, Gujarat Alkalies, GNFC, Blue Star, Zen- sar Technologies. Idea Q2 profit rises 3.8%; operating margin slips 360 bps. Tata Steel's recent plans credit positive: Moody's.
NIFTY FUTURE
Nifty Future closed positive in the last trading session. We advise selling around 7875-7880 with strict stop
loss 7925 the targets of 7825-7775
4. DAILY REPORT
21st OCTOBER 2014
YOUR MINTVISORY Call us at +91-731-6642300
COMMODITY MCX
RECOMMENDATIONS
SILVER
TRADING STRATEGY:
BUY SILVER DEC ABOVE 38900 TGTS 39100,39400 SL 38600
SELL SILVER DEC BELOW 38360 TGTS 38160,37860 SL 38660
GOLD
TRADING STRATEGY:
BUY GOLD DEC ABOVE 27470 TGTS 27550,27650 SL 27390
SELL GOLD DEC BELOW 27350 TGTS 27270,27170 SL 27430
COMMODITY ROUNDUP
Gold prices rose firmly at the domestic bullion market yes- terday on increased demand from jewellery stockists and retailers amid good local buying support ahead of festive and wedding season. Silver recovered sharply owing to ro- bust demand from consuming industries. Standard gold (99.5 purity) rose by Rs 75 to conclude at Rs 27,315 per 10 grams from last Saturday's level of Rs 27,240. Pure gold (99.9 purity) also added by a similar margin to settle at Rs 27,465 per 10 grams against Rs 27,390. Silver (.999 fine- ness) climbed by Rs 375 to finish at Rs 39,645 per kg com- pared to Rs 39,270 last weekend. Globally, the precious metal rebounded to nearly one- month high on safe haven buying despite better than expected economic data from the US. Spot gold bid higher at USD 1,240.40 an ounce in early European trade.
Copper prices fell by 0.28% to Rs 408.10 per kg in futures trade yesterday as speculators reduced their positions amid weak overseas cues and subdued domestic demand. At MCX, copper for delivery in November fell by Rs 1.15, or 0.28%, to Rs 408.10 per kg in a business turnover of 715 lots. Similarly, the metal for delivery in February next year traded lower by Re 1, or 0.24%, to Rs 414.40 per kg in nine lots. Analysts attributed the fall in copper futures to sub- dued domestic demand and weak trend at the LME where the metal traded at nearly six-month low after stockpiles in exchanges from London to Shanghai increased and as Goldman Sachs Group Inc forecast inventories will rise fur- ther over the next six months. Globally, copper for delivery in three months slid 0.6% to $6,599 a tonne at the LME.
Zinc futures fell 0.18% to Rs 138.40 per kg yesterday as participants reduced positions amid weakness in copper and other base metals overseas and subdued domestic demand. At MCX, zinc for delivery in November traded lower by 25 paise, or 0.18%, to Rs 138.40 per kg, with a business turnover of 15 lots. The metal for delivery in Octo- ber shed 15 paise, or 0.11%, to trade at Rs 137.90 per kg in a turnover of 250 lots. The fall in zinc prices at futures trade was mostly in line with a weakening trend in the base metals overseas and low demand at domestic spot mar- kets.
India's steel exports grew by 0.4% in the first six months of the current fiscal which the "worried" domestic producers attribute to higher cost of production and growing domi- nance of China in the global market.
5. DAILY REPORT
21st OCTOBER 2014
YOUR MINTVISORY Call us at +91-731-6642300
RECOMMENDATIONS
DHANIYA
BUY DHANIYA NOV ABOVE 12030 TGTS 12060,12110 SL 11980
SELL DHANIYA NOV BELOW 11900 TGTS 11870,11820 SL 11950
GUARGUM
BUY GUARGUM NOV ABOVE 15850 TGTS 15900,16000 SL 15740
SELL GUARGUM NOV BELOW 15680 TGTS 15630,15530 SL 15790
NCDEX
NCDEX ROUNDUP
Refined soya oil prices eased by 0.34% to Rs 575 per 10 kg in futures trading yesterday as speculators trimmed posi- tions amidst low demand in the spot market against ade- quate stocks positions. At NCDEX refined soya oil for deliv- ery in November declined by Rs 1.95, or 0.34%, to Rs 575 per 10 kg with an open interest of 1,07,670 lots. Likewise, the oil for delivery in October weakened by 20 paise, or 0.03%, to Rs 590.80 per 10 kg in 3,320 lots. Offloading of positions by speculators, driven by low demand in the spot market against higher supplies from producing belts, mainly influenced refined soya oil prices at futures trade.
The prices of pulses have started rising, due to lower pro- duction estimates for the kharif season. Data from the Un- ion ministry of consumer affairs shows the price in whole- sale markets has risen up to 6.6 per cent so far this month. The government had forecast a 26 per cent decline in out- put at 5.2 million tonnes (first advance estimate) this kharif season, against a target of seven mt (and 6.02 mt in the kharif of 2013-14). The kharif season contributes around 40 per cent of annual pulses’ production.
Signalling a coming resolution of the standoff between the government and private sugar millers in Uttar Pradesh, the latter decided on Monday to start maintenance work in their units from the morrow, for subsequent cane crushing. the government had assured revocation of police cases for not clearing growers' dues and issuance of recovery certifi- cates. The mills have also demanded Rs 9/quintal of subsidy instead of Rs 6/quintal, and the govt is to consider this.
NCDEX INDICES
Index
Value
% Change
CASTOR SEED
4478
+0.95
CHANA
2797
-1.10
CORIANDER
11795
+0.44
COTTON SEED
1381
-0.22
GAUR SEED
5678
-0.23
JEERA
10585
-0.80
MUSTARDSEED
3573
-0.94
SOYBEAN
2985
-0.63
TURMERIC
6122
-0.46
6. DAILY REPORT
21st OCTOBER 2014
YOUR MINTVISORY Call us at +91-731-6642300
GBP/INR
BUY GBP-INR ABOVE 98.9800 TGT 99.1800,99.5000 SL 98.8300
SELL GBP-INR BELOW 98.8500 TGT 98.6500,98.3000 SL 99.1000
USD/INR
BUY USD-INR ABOVE 61.5000 TGT 61.7000,62.1000 SL 61.2500
SELL USD-INE BWLOW 61.1500 TGT 60.9500,60.5000 SL 61.4000
CURRENCY ROUNDUP
The dollar traded largely lower against most major curren- cies on Monday albeit in tight trading ranges as investors priced in the possibility that softer European and Asian economies could dampen U.S. recovery. In U.S. trading on Monday, EUR/USD was up 0.40% at 1.2811. The dollar was down against the yen, with USD/JPY down 0.06% at 106.82, and down against the Swiss franc, with USD/CHF down 0.43% at 0.9420. The greenback was down against the pound, with GBP/USD up 0.51% at 1.6176. The dollar was mixed against its cousins in Canada, Australia and New Zea- land, with USD/CAD up 0.04% at 1.1281, AUD/USD up 0.65% at 0.8801 and NZD/USD up 0.78% at 0.7978. The US dollar index, which tracks the performance of the greenback ver- sus a basket of six other major currencies, was down 0.35% at 85.01.
Brent crude fell on Monday, dropping below $86 a barrel as worries about booming supply and sluggish demand pushed the global oil benchmark back toward last week's four-year low. U.S. crude hovered below $83 a barrel. U.S. Treasuries prices rose on Monday on worries about Europe's drag on the U.S. economy and more bets the Federal Reserve might not raise interest rates until late 2015.
The RBI to conduct overnight reverse repo auction under LAF for 100 billion rupees. Indian banks' refinancing with RBI rises to 123.94 billion rupees. Indian banks' cash bal- ances with RBI rise to 3.62 trillion rupees. The Indian rupee gained for a second consecutive session on Monday after the ruling party's success in two state elections and the gov- ernment's removal of diesel subsidies and a hike in natural gas prices sparked hopes for additional reforms. The par- tially convertible rupee closed at 61.36/37 per dollar com- pared with 61.44/45 on Friday.
The rupee was also helped after Indian shares rose more than 1 percent on Monday to mark their biggest daily gain in more than one week. In the offshore non-deliverable for- wards, the one-month contract was at 61.68, while the three-month was at 62.27.
RBI Reference Rate
Currency
Rate
Currency
Rate
Rupee- $
61.2873
Yen-100
57.1400
Euro
78.1536
GBP
98.6235
7. DAILY REPORT
21st OCTOBER 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
20/10/14
MCX GOLD
DEC.
BUY
27300
27380-27480
27210
BOOKED FULL PROFIT
20/10/14
MCX GOLD
DEC.
SELL
27220
27140-27040
27310
SL TRIGGERED
20/10/14
MCX SILVER
DEC.
BUY
38600
38800-39100
38300
BOOKED PROFIT
20/10/14
MCX SILVER
DEC.
SELL
38300
38100-37800
38900
NOT EXECUTED
20/10/14
NCDEX DHANIYA
NOV.
BUY
12180
12210-12260
12130
NOT EXECUTED
20/10/14
NCDEX DHANIYA
NOV.
SELL
12800
12050-12000
12130
BOOKED FULL PROFIT
20/10/14
NCDEX GUARGUM
NOV.
BUY
15950
16000-16100
15850
NOT EXECUTED
20/10/14
NCDEX GUARGUM
NOV.
SELL
15680
15630-15530
15790
BOOKED PROFIT
Date
Scrip
CASH/ FUTURE/ OPTION
Strategy
Entry Level
Target
Stop Loss
Remark
10/10/14
NIFTY
FUTURE
BUY
8015
8065-8115
7965
NOT EXECUTED
10/10/14
TCS
FUTURE
SELL
2700-2720
2660-2620
2760
CALL OPEN
10/10/14
BANK OF INDIA
FUTURE
BUY
238-240
244-248
234
BOOKED PROFIT
10/10/14
JSWENERGY
CASH
BUY
74-74.5
76-77.5
72.5
NOT EXECUTED
09/10/14
WIPRO
FUTURE
SELL
595-600
585-570
610
BOOKED PROFIT
8. DAILY REPORT
21st OCTOBER 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, OCT. 20
NONE SCHEDULED
TUESDAY, OCT. 21
10 AM
EXISTING HOME SALES
SEPT.
5.00 MLN
5.05 MLN
WEDNESDAY, OCT. 22
8:30 AM
CONSUMER PRICE INDEX
SEPT.
0.1%
-0.2%
8:30 AM
CORE CPI
SEPT.
0.2%
0.0%
THURSDAY, OCT. 23
8:30 AM
WEEKLY JOBLESS CLAIMS
OCT. 18
N/A
N/A
8:30 AM
CHICAGO NATIONAL ACTIVITY INDEX
SEPT.
--
0.14
9 AM
FHFA HOME PRICE INDEX
AUG.
--
4.4% Y-O-Y
9:45 AM
MARKIT FLASH PMI
OCT.
--
57.5
10 AM
LEADING INDICATORS
SEPT.
--
0.2%
FRIDAY, OCT. 24
10 AM
NEW HOME SALES
SEPT.
455,000
504,000