8
DAILY REPORT 24 th AUG. 2015 YOUR MINTVISORY Call us at +91-731-6642300 Global markets at a glance Global markets were under pressure on poor manufactur- ing data in China and prospects of fresh elections in Greece. China's Shanghai cracked more than 4 % after Caixin China manufacturing data fell to 47.1 in August against 47.8 in July. Hang Seng 348 points and Nikkei lost 3%. Major European markets were down more than 1%. From Asia to Europe and US, market saw deep cuts as wor- ries over slowdown in global economic growth flagged risk- off sentiment. Asian equity markets slipped on Friday, after a survey showed Chinese factories contracted at their fast- est pace since the global financial crisis in 2009. European shares suffered their worst one-day fall in nearly four years on Friday as growing concerns over China's economy hit world markets. Many investors said they were nervous about the near-term outlook. The pan-European FTSEurofirst 300 index closed down 3.40 % at 1,427.13 points. The index fell to its lowest level since January and had its worst one-day drop since a 3.44 % slump in Novem- ber 2011. It also posted its worst weekly decline since Au- gust 2011. Previous day Roundup The market closed at 2-month low on Friday, tracking weakness in global peers on growth concerns and China volatility. Banks, realty, auto and infrastructure stocks dragged the market while FMCG and select healthcare stocks helped the market show some recovery in last hour of trade. Even the likely relief to FIIs on MAT levy aided the late recovery. Sensex dropped 241.75pts or 0.88 % to 27366.07, the lowest level since June 19, after hitting an intraday low of 27131.44. The Nifty closed tad below the 8300 level. It touched day's low of 8225.05, before closing at 8299.95, down 72.80pts or 0.87 %. The broader markets also trimmed losses in late trade. The BSE Midcap and Smallcap indices were down 0.9% and 0.6 %, respectively. The market breadth was negative as about 1001 shares advanced against 1806 shares declined on BSE About 1014 shares have advanced, 1791 shares declined, and 96 shares are unchanged. Index stats The Market was very volatile in last session. The sartorial indices performed as follow; Consumer Durables [down 43.3pts], Capital Goods [down 312.25pts], PSU [down 71.13pts], FMCG [up 8.59pts], Realty [down 34.04pts], Power [down 19.59pts], Auto [down 396.42Pts], Healthcare [up 3.23Pts], IT [up 42.33pts], Metals [down 69.21pts], TECK [down 7.89pts], Oil& Gas [down 88.75pts]. World Indices Index Value % Change D J l 16459.75 -3.12 S&P 500 1970.89 -3.19 NASDAQ 4706.04 -3.52 FTSE 100 6187.65 -2.83 Nikkei 225 19435.83 -2.98 Hong Kong 22409.62 -1.53 Top Gainers Company CMP Change % Chg HINDUNILVR 886.50 14.45 1.66 HINDALCO 86.25 1.30 1.53 AMBUJACEM 226.45 2.50 1.12 CIPLA 698.00 6.40 0.93 INFY 1,143.90 9.35 0.82 Top Losers Company CMP Change % Chg YESBANK 690.50 29.50 -4.10 BAJAJ-AUTO 2,397.00 94.80 -3.80 VEDL 95.20 3.40 -3.45 ZEEL 381.60 12.90 -3.27 GAIL 310.00 10.30 -3.22 Stocks at 52 Week’s HIGH Symbol Prev. Close Change %Chg CEATLTD 1,185.00 61.80 5.50 GLENMARK 1,215.15 -6.20 -0.51 JUBILANT 368.00 16.30 4.63 AMARAJABAT 1,078.90 30.05 2.87 Indian Indices Company CMP Change % Chg NIFTY 8299.95 -72.80 -0.87 SENSEX 27366.07 -241.75 -0.88 Stocks at 52 Week’s LOW Symbol Prev. Close Change %Chg ABAN 275.75 -5.65 -2.01 ADANIPOWER 25.65 -0.30 -1.16 CAIRN 142.00 0.00 0.00 GAIL 310.00 -10.30 -3.22 HINDALCO 86.25 1.30 1.53

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DAILY REPORT

24th

AUG. 2015

YOUR MINTVISORY Call us at +91-731-6642300

Global markets at a glance

Global markets were under pressure on poor manufactur-ing data in China and prospects of fresh elections in Greece. China's Shanghai cracked more than 4 % after Caixin China manufacturing data fell to 47.1 in August against 47.8 in July. Hang Seng 348 points and Nikkei lost 3%. Major European markets were down more than 1%. From Asia to Europe and US, market saw deep cuts as wor-ries over slowdown in global economic growth flagged risk-off sentiment. Asian equity markets slipped on Friday, after a survey showed Chinese factories contracted at their fast-est pace since the global financial crisis in 2009.

European shares suffered their worst one-day fall in nearly four years on Friday as growing concerns over China's economy hit world markets. Many investors said they were nervous about the near-term outlook. The pan-European FTSEurofirst 300 index closed down 3.40 % at 1,427.13 points. The index fell to its lowest level since January and had its worst one-day drop since a 3.44 % slump in Novem-ber 2011. It also posted its worst weekly decline since Au-gust 2011.

Previous day Roundup

The market closed at 2-month low on Friday, tracking weakness in global peers on growth concerns and China volatility. Banks, realty, auto and infrastructure stocks dragged the market while FMCG and select healthcare stocks helped the market show some recovery in last hour of trade. Even the likely relief to FIIs on MAT levy aided the late recovery. Sensex dropped 241.75pts or 0.88 % to 27366.07, the lowest level since June 19, after hitting an intraday low of 27131.44. The Nifty closed tad below the 8300 level. It touched day's low of 8225.05, before closing at 8299.95, down 72.80pts or 0.87 %. The broader markets also trimmed losses in late trade. The BSE Midcap and Smallcap indices were down 0.9% and 0.6 %, respectively. The market breadth was negative as about 1001 shares advanced against 1806 shares declined on BSE About 1014 shares have advanced, 1791 shares declined, and 96 shares are unchanged.

Index stats

The Market was very volatile in last session. The sartorial indices performed as follow; Consumer Durables [down 43.3pts], Capital Goods [down 312.25pts], PSU [down 71.13pts], FMCG [up 8.59pts], Realty [down 34.04pts], Power [down 19.59pts], Auto [down 396.42Pts], Healthcare [up 3.23Pts], IT [up 42.33pts], Metals [down 69.21pts], TECK [down 7.89pts], Oil& Gas [down 88.75pts].

World Indices

Index Value % Change

D J l 16459.75 -3.12

S&P 500 1970.89 -3.19

NASDAQ 4706.04 -3.52

FTSE 100 6187.65 -2.83

Nikkei 225 19435.83 -2.98

Hong Kong 22409.62 -1.53

Top Gainers

Company CMP Change % Chg

HINDUNILVR 886.50 14.45 1.66

HINDALCO 86.25 1.30 1.53

AMBUJACEM 226.45 2.50 1.12

CIPLA 698.00 6.40 0.93

INFY 1,143.90 9.35 0.82

Top Losers

Company CMP Change % Chg

YESBANK 690.50 29.50 -4.10

BAJAJ-AUTO 2,397.00 94.80 -3.80

VEDL 95.20 3.40 -3.45

ZEEL 381.60 12.90 -3.27

GAIL 310.00 10.30 -3.22

Stocks at 52 Week’s HIGH

Symbol Prev. Close Change %Chg

CEATLTD 1,185.00 61.80 5.50

GLENMARK 1,215.15 -6.20 -0.51

JUBILANT 368.00 16.30 4.63

AMARAJABAT 1,078.90 30.05 2.87

Indian Indices

Company CMP Change % Chg

NIFTY 8299.95 -72.80 -0.87

SENSEX 27366.07 -241.75 -0.88

Stocks at 52 Week’s LOW

Symbol Prev. Close Change %Chg

ABAN 275.75 -5.65 -2.01

ADANIPOWER 25.65 -0.30 -1.16

CAIRN 142.00 0.00 0.00

GAIL 310.00 -10.30 -3.22

HINDALCO 86.25 1.30 1.53

DAILY REPORT

24th

AUG. 2015

YOUR MINTVISORY Call us at +91-731-6642300

STOCK RECOMMENDATION [CASH]

1. JBFIND (CASH)

Last trading session JBFIND traded with too volatility but it finished with 1% gain on chart it respect to support of 242 as well as 55DMA so in intraday we can see around 2-3% upside so we advise to buy it around 250 use stop loss of 246 for target of 254-258+

MACRO NEWS

FIIs unwinding long F&O positions; no major shorts

SBI developing low-cost model to counter payments banks

Govt to sell 10% stake in Indian Oil on Monday

India Inc's overseas investment dips 32% at $1.23 bn in Jul

5,800 JLR cars at China port hit by blasts: Tata Motors

France, India to end Rafale jets deal within 10 days

Coca-Cola to invest USD 4 bn in China

No need to put cap on airfares: CCI

Payments bank licence to leverage telecom, retail busi-ness: RIL

Fuel prices may fall as oil hits $40

World steel production dips 3.8% in July

RINL lays foundation stone for transmission line towers project in Visakhapatnam

Govt to invest Rs 1,000 cr in reviving SAIL's VISL plant

Dr Reddy's recalls Rivastigmine Tartrate capsules of 1.5 mg strength from US

Treat aluminum as core metal; increase import duty

At 28 km/litre, Maruti Suzuki's Ciaz Hybrid may be India’s most fuel-efficient car

STOCK RECOMMENDATIONS [FUTURE] 1. SIEMENS [FUTURE]

At last trading session SIEMENS Future finished break 55DMA with loss of 1.88% on EOD chart and it also break important support of 1410 from current level it can be come up to 1378 below this level we can see vertical fall up to 1320, so we advise to sell it around 1405-1410 with strict stop loss of 1425 for target of 1393-1380.

2. YESBANK [FUTURE]

In bank nifty index Private made pressure where YESBANK Future was the top looser which finished with 4% loss on EOD chart before that it break important support of 760. Know it has important support around 670 since in last two trading session volume and OI increase so we can see more weakness for that we advise to sell it below 682 for target of 672 if it break 668 level then target will be 650 use SL of 695.

DAILY REPORT

24th

AUG. 2015

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FUTURE & OPTION

MOST ACTIVE PUT OPTION

Symbol Op-

tion

Type

Strike

Price

LTP Traded

Volume

(Contracts)

Open

Interest

NIFTY CE 8,200 32.55 15,86,403 63,63,000

NIFTY CE 8,300 68.30 12,13,226 59,64,175

BANKNIFTY CE 17,500 43.00 1,26,040 6,39,500

RELIACNE CE 900 8.95 5,626 4,47,750

SBIN CE 260 2.00 4,904 23,48,000

YESBANK CE 680 15.65 3,699 2,09,500

LT CE 1,700 8.55 3,367 1,68,000

ICICIBANK CE 290 2.75 3,352 15,16,000

MOST ACTIVE CALL OPTION

Symbol Op-

tion

Type

Strike

Price

LTP Traded

Volume

(Contracts)

Open

Interest

NIFTY PE 8,300 57.15 14,95,308 26,08,925

NIFTY PE 8,500 8.70 10,75,777 55,99,850

BANKNIFTY PE 18,500 46.75 1,23,902 5,17,150

SBIN PE 270 4.15 9,088 20,10,000

SBIN PE 280 1.75 7,764 39,53,000

RELIANCE PE 920 7.55 6,538 5,01,500

TCS PE 2,750 9.60 4,381 1,90,500

LUPIN PE 1,900 27.00 4,111 1,10,750

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 134404 3048.18 238898 5465.01 612473 14283.98 -2416.83

INDEX OPTIONS 1361653 32214.40 1288472 30233.94 3161670 81757.33 1980.45

STOCK FUTURES 175215 4601.52 186788 5040.52 1987953 52847.57 -439.00

STOCK OPTIONS 121904 3323.21 122601 3352.20 155331 4096.36 -28.98

TOTAL -904.35

STOCKS IN NEWS L&T drops port development project in Gujarat REC seeks shareholders nod to raise up to Rs 42,000

cr 7 SBI developing low-cost model to counter payments

banks MMTC floats tender for import of 10,000 tonnes onion Gammon India bags Rs 397cr road project from Goa NIFTY FUTURE

Nifty Future affected by the global clues along with Dol-lar Rupee concerns dragged down to 2 months’ low but recovered in last hours and has made a bull candle but overall Nifty seems to be bearish after little gains so we recommend you to sell Nifty Future on rise around 8350-8370 for targets of 8250 and 8100 with strict stop loss above 8480

INDICES R2 R1 PIVOT S1 S2

NIFTY 8,379.25 8,399.60 8,282.55 8,242.90 8,185.85

BANK NIFTY 18,282.73 18,169.97 18,006.03 17,893.27 17,729.33

DAILY REPORT

24th

AUG. 2015

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RECOMMENDATIONS

GOLD

TRADING STRATEGY:

BUY GOLD OCT ABOVE 27300 TGTS 27380,27470 SL BE-

LOW 27200

SELL GOLD OCT BELOW 27100 TGTS 27020,26930 SL

ABOVE 27200

SILVER

TRADING STRATEGY:

BUY SILVER SEP ABOVE 36200 TGTS 36400,36700 SL BE-

LOW 35900

SELL SILVER SEP BELOW 35900 TGTS 35700,35400 SL

ABOVE 36200

COMMODITY ROUNDUP

Brent crude is set for the longest weekly losing streak since 1986, down 0.8 % to USD 46.23 a barrel. Gold cooled off after hitting a one-month high on the global risk aversion, up 0.17 % to USD 1155.20 an ounce.

COMEX Gold is holding in green after in a wild session which took the metal sharply up. Global stocks got hammered to-day following a 2% slide in the DOW and boosted gold fur-

ther. Gold extended gains today as further evidence in favor of a tepid economic growth in the US. An increase in US in-terest rates can lower real house prices, but such a reduc-tion could lead to a marked decline in real gross domestic product and inflation, a top US Federal Reserve official warned on Thursday

MCX Natural Gas futures slipped today as the global prices

retreated amid an overwhelming selloff in world markets and comfortable US supplies. Natural gas prices gained on Thursday, after weekly inventory data showed US stockpiles grew by less than expected last week. However, the counter failed to hold onto these highs and dropped today as crude oil dropped near its six and half year low and global equities slumped following a weak Chinese Manufacturing PMI data.

Natural Gas futures are trading at $2.760 per mmbtu, down 0.90% on the day. MCX Natural Gas futures are trading at Rs 180.30 per mmbtu, down 1.10% on the day. Natural gas producers added 53 billion cubic feet of natural gas in stor-age in the week ended August 14. This was slightly less than expected but traders also eyed the fact that market remains oversupplied. Stockpiles now stand at 3.03 trillion cubic

feet, 2.7% above the five-year average for the same week.

Silver prices rose by Rs 371 to reach Rs 36,681 per kg in fu-tures trading today as speculators created fresh positions amid firm trend in precious metals overseas. At MCX silver for delivery in September traded higher by Rs 371, or 1.02%, at Rs 36,681 per kg in a business turnover of 1,891 lots. Likewise, the white metal for delivery in far-month Decem-ber contracts rallied by Rs 378, or 1.02%, to Rs 37,489 per kg in 269 lots. Speculative positions created by participants in line with a firm trend global markets for precious metals on signs the Fed may delay an interest rate increase as infla-tion remains low, boosting the metal's appeal as a haven, influenced silver prices at futures trade. Meanwhile, silver was up 0.39% at $15.64 an ounce in Singapore.

DAILY REPORT

24th

AUG. 2015

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NCDEX

RECOMMENDATIONS

DHANIYA

BUY CORIANDER SEP ABOVE 10860 TARGET 10890 10940 SL

BELOW 10830

SELL CORIANDER SEP BELOW 10580 TARGET 10550 10500

SL ABOVE 10610

GUARSGUM

BUY GUARGUM OCT ABOVE 8310 TARGET 8360 8430 SL

BELOW 8250

SELL GUARGUM OCT BELOW 8150 TARGET 8100 8030 SL

ABOVE 8210

NCDEX ROUNDUP

Weakness was seen in castor seed due to weak castor meal export demand in local mandies along with strong supplies

in local mandies. The NCDEX futures declined by 0.56 per-cent today. The futures prices were daunted by weak export

demand of meal and oil in local mandies. Traders stated that higher prices of castor seed in physical mandies have

reduced the off take of exporters. Moreover, slowdown in

Chinese economy has also reduced the demand of castor

oil. The spot prices were also pressurized by strong arrivals

of castor seed in physical mandies. The daily average arri-vals have been increased to 0.65-0.70 lakh bags in local mandies. The NCDEX September futures closed at Rs

4071per quintal, down 0.56 percent today. The NCDEX fu-tures reduced by 0.70 percent in open interest indicating selling by traders.

Kharif sowing is drawing to a close and the acreage under

the crops stands at 938.41Lakh Hectares, up 1% on year. Acreage under pulses is up 10% while area under oilseeds has declined for the first time this sowing season – re-cording a minor drop of 0.12%.

The price of onions continued to spiral upward at the benchmark Lasalgaon (near Nashik) market on Friday, on low arrivals and stockists holding back inventory in anticipa-

tion of a further spike. Arrivals at Lsalgaon plunged to 240

tonnes on Friday from 1,021 tonnes on July 21. From Thurs-day’s 390 tonnes, total arrivals declined 38 per cent to 150

tonnes. In Delhi, the retail price remained Rs 60-70 a kg.

NCDEX INDICES

Index Value % Change

CAETOR SEED 4071 -0.56

CHANA 4656 -0.79

CORIANDER 10639 +0.78

COTTON SEED 2035 -0.34

GUAR SEED 3708 +3.98

JEERA 16205 -0.67

MUSTARDSEED 4288 +0.89

REF. SOY OIL 572.8 -0.10

TURMERIC 7800 -3.25

WHEAT 1519 +0.46

DAILY REPORT

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RBI Reference Rate

Currency Rate Currency Rate

Rupee- $ 65.8298 Yen-100 53.5500

Euro 74.2692 GBP 103.3857

CURRENCY

USD/INR

BUY USD/INR AUG ABOVE 66 TARGET 66.13 66.28 SL BE-

LOW 65.8

SELL USD/INR AUG BELOW 65.85 TARGET 65.72 65.57 SL

ABOVE 66.05

EUR/INR

BUY EUR/INR AUG ABOVE 74.47 TARGET 74.62 74.82 SL BE-

LOW 74.27

SELL EUR/INR AUG BELOW 74.15 TARGET 74 73.8 SL ABOVE

74.35

CURRENCY MARKET UPDATES:

Rupee weakened against the US dollar on Friday but was

supported by dollar sales by state-owned banks as a sharp

fall in Chinese equity markets hurt sentiment in emerging

markets, including India. Dollar sales from state-owned

banks likely on behalf of the RBI helped the rupee recover

from its day’s low of 65.91 per dollar, a level last seen on 6

September 2013. The home currency closed at 65.83,

down 0.43% from its previous close of 65.55. The local unit

opened at 65.74 per dollar.

Weakness in China has impacted all markets in India, in-

cluding the rupee. Offshore too the dollar against rupee

was quoting at least 25 paise higher in the morning which

impacted the opening. There is also a feeling in the market

that the government wants the rupee to weaken to main-

tain India’s export competitiveness. Besides, escalating

tensions between South Korea and North Korea and weak-

ness in emerging market currencies weighed on senti-

ments. A combination of domestic factors like growth con-

straints in the midst of lack of revival in investment climate

as well as weak earnings made a strong case for erosion in

the rupee value.

The rupee dropped against the pound sterling to end at

103.22 from Thursday’s close of 102.64 and plummeted

against euro to finish at 74.24 from 73.24 in the previous

session. The rupee also slumped further against the Japa-

nese currency to 53.64 per 100 yen from 52.86 yesterday.

Asian currencies weakened against the dollar. Malaysian

ringgit was down 0.98%, South Korean won 0.8%, while

Indonesian rupiah declined 0.4%.

The dollar index, which measures the US currency’s

strength against major currencies, was trading at 95.422,

down 0.6% from its previous close of 95.98.

DAILY REPORT

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CALL REPORT

S T O

PERFORMANCE UPDATES

Date Commodity/ Currency

Pairs Contract Strategy Entry Level Target Stop Loss Remark

21/08/15 NCDEX DHANIYA SEPT. BUY 10686 10716-10766 10656 BOOKED PROFIT

21/08/15 NCDEX DHANIYA SEPT. SELL 10550 10520-10470 10580 NOT EXECUTED

21/08/15 NCDEX GUARGUM OCT. BUY 8150 8200-8270 8090 BOOKED FULL PROFIT

21/08/15 NCDEX GUARGUM OCT. SELL 7920 7870-7800 7980 NOT EXECUTED

21/08/15 MCX GOLD OCT. BUY 27050 27130-27220 26950 NOT EXECUTED

21/08/15 MCX GOLD OCT. SELL 26900 26820-26730 27000 SL TRIGGERED

21/08/15 MCX SILVER SEPT. BUY 36500 36700-37000 36200 BOOKED PROFIT

21/08/15 MCX SILVER SEPT. SELL 36200 36000-35700 36500 BOOKED PROFIT

21/08/15 USD/INR AUG. BUY 65.60 65.73-65.88 65.40 NOT EXECUTED

21/08/15 USD/INR AUG. SELL 65.50 65.37-65.22 65.70 NOT EXECUTED

21/08/15 EUR/INR AUG. BUY 73.42 73.57-73.77 73.22 NOT EXECUTED

21/08/15 EUR/INR AUG. SELL 73.15 73.2-72.80 73.35 NOT EXECUTED

Date Scrip

CASH/

FUTURE/

OPTION

Strategy Entry Level Target Stop Loss Remark

21/08/15 NIFTY FUTURE SELL 8430 8340-8200 8600 NOT EXECUTED

21/08/15 CEAT FUTURE BUY 1135 1148-1160 1117 BOOKED FULL PROFIT

21/08/15 JUST DIAL FUTURE SELL 949 940-925 965 NOT EXECUTED

21/08/15 RAJESH EXPORTS CASH SELL 582 575-568 593 NOT EXECUTED

20/08/15 NIFTY FUTURE BUY 8420 8500-8600 8300 SL TRIGGERED

18/08/15 NIFTY FUTURE BUY 8500 8580-8700 8350 SL TRIGGERED

DAILY REPORT

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NEXT WEEK'S U.S. ECONOMIC REPORTS

ECONOMIC CALENDAR

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TIME REPORT PERIOD ACTUAL CONSENSUS

FORECAST PREVIOUS

MONDAY, AUG. 24

8:30 AM CHICAGO FED NATIONAL ACTIVITY INDEX JULY -- 0.08

TUESDAY, AUG. 25

9 AM CASE-SHILLER HOME PRICE INDEX JUNE -- -0.2%

9 AM FHFA HOUSE PRICE INDEX JUNE -- 0.4%

10 AM NEW HOME SALES JULY 520,000 482,000

10 AM CONSUMER CONFIDENCE AUG. 93.4 90.9

WEDNESDAY, AUG. 26

8:30 AM DURABLE GOODS ORDERS JULY -1.0% 3.4%

THURSDAY, AUG. 27

8:30 AM WEEKLY JOBLESS CLAIMS AUG. 22 274,000 277,000

8:30 AM GDP 2Q 3.4% 2.3%

10 AM PENDING HOME SALES JULY -- -1.8%

FRIDAY, AUG. 28

8:30 AM PERSONAL INCOME JULY 0.5% 0.4%

8:30 AM CONSUMER SPENDING JULY 0.4% 0.2%

8:30 AM CORE INFLATION JULY 0.1% 0.1%

8:30 AM TRADE IN GOODS JULY -$61.8 BLN -$62.3 BLN

10 AM CONSUMER SENTIMENT AUG. 93.1 92.9