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DAILY REPORT
25th SEPT. 2013
YOUR MINTVISORY Call us at +91-731-6642300
Global markets at a glance
Japan's Nikkei share average edged down in choppy trade
yesterday. The Nikkei dropped 0.1% to 14,732.61, moving
away from a nine-week high of 14,816.65 hit last Friday.
Hong Kong shares slid for a second day, hurt by Tuesday's
weak mainland Chinese market and profit-taking from last
week's strong gains after comments by U.S. Federal Re-
serve officials deepened uncertainty on its stimulus reduc-
tion plans. The Hang Seng Index ended down 0.8% at
23,179 points. The China Enterprises Index of the top Chi-
nese listings in Hong Kong sank 1.1 %.
Wall Street Update
The S&P/Case Shiller composite index of 20 metropolitan
areas rose 0.6 percent on a seasonally adjusted basis, a
little slower than the 0.8 percent gain economists in a
Reuters poll had expected and the 0.9 percent increase
logged in June. Data from the U.S. Federal Housing Finance
Agency showed U.S. home prices rose 1 percent in July
from June.
Previous day Roundup
The market closed on a flat note as Nifty ends just short of
the 5900-levels. The Nifty ended at 5892.45, up 2.70
points or 0.05 %. The Sensex closed up 19.25 points or
0.10 % at 19920.21. About 1129 shares advanced, 1161
shares declined, and 162 shares were unchanged. King-
fisher Airlines shares are locked at 10% upper circuit after
founder Vijay Mallya, in company's annual general meet-
ing.
Index stats
Bank Nifty & Bankex both declined 0.35% & 0.28% respec-
tively, the sectors which were in positive move with Nifty
in yesterday’s session were; Consumer Durables [up
13.48pts], Capital Goods [up 81.67pts], AUTO [up
116.65pts], Healthcare [up 20.34pts], FMCG [up 0.96pts].
Power [up 11.85pts] traded upward. The sectors declined
were: IT [down 36.41pts], Oil & Gas [down 32.40pts], TECK
[down 20.72pts], PSU [down 29.40pts], Metals [down
86.61pts], except REALTY [down 3.82pts].
World Indices
Index Value % Change
D J l 15,343.59 -0.43
S&P 500 1,697.42 -0.26
NASDAQ 3,768.25 +0.08
EURO STO 2,922.93 +0.57
FTSE 100 6,571.46 +0.21
Nikkei 225 14,674.65 -0.39
Hong Kong 23,238.11 +0.25
Top Gainers
Company CMP Change % Chg
BAJAJ-AUTO 2,034.60 55.50 +2.80
TATAPOWER 81.15 2.15 +2.72
NTPC 145.70 2.90 +2.03
LT 828.00 16.00 +1.97
CIPLA 433.10 7.15 +1.68
Top Losers
Company CMP Change % Chg
HINDALCO 112.30 4.25 -3.65
BPCL 315.00 8.40 -2.60
COALINDIA 297.20 7.55 -2.48
JINDALSTEL 247.80 5.15 -2.04
ACC 1,090.00 21.15 -1.90
Stocks at 52 Week’s high
Symbol Prev. Close Change %Chg
ALEMBICLTD 29.70 -0.40 -1.42
CMAHENDRA 215.95 +2.5 +1.17
DRREDDY 2,980.00 +1.10 +0.05
FIEMIND 237.50 +38.60 +19.41
GALLISPAT 206.00 +13.95 +7.26
Indian Indices
Company CMP Change % Chg
NIFTY 5,892.45 +2.70 +0.05
SENSEX 19,920.21 +19.25 +0.10
Stocks at 52 Week’s Low
Symbol Prev. Close Change %Chg
DHFL 108.2 -2.8 -2.52
GODREJPROP 358.75 -18.4 -4.68
DAILY REPORT
25th SEPT. 2013
YOUR MINTVISORY Call us at +91-731-6642300
STOCK RECOMMENDATIONS [FUTURE] 1. BAJAJ AUTO
BAJAJ AUTO is looking strong on charts, long build up has
been seen, we may see more upside, if it continues to sus-
tain above 2050. We advise buying above 2050 levels with
strict stop loss of 2000 for the targets of 2075-2095 levels.
2. ZEE FUTURE
ZEE FUTURE is looking strong on charts, long build up has
been seen, we may see more upside, if it continues to sus-
tain above 230. We advise buying above 230 levels with
strict stop loss of 225 for the targets of 235-240 levels.
STOCK RECOMMENDATION [CASH] 1. ONE LIFE CAP
ONE LIFE CAP is looking strong on charts . We advice buying above 312 with strict stop loss of 302 for the targets of 325-335 levels. MACRO NEWS
India has objected to some of the clauses in the trade
facilitation agreement and sought support for the de-
veloping countries' food security proposal at the World
Trade Organization (WTO).
The boss of the $100-billion Tata conglomerate has ac-
quired 105,000 shares of Indian Hotels, 64,000 shares of
Tata Power, 33,000 shares of Tata Global Beverages and
14,500 shares of Tata Motors .
EQUITY CASH & FUTURE
CORPORATE ACTION TODAY
SCRIP ACTION Rs. Per Share
JAGSNPHARM DIVIDEND 0.5
PRITHVISOF DIVIDEND 0.5
ALICON DIVIDEND 2
DBSTOCKBRO DIVIDEND 0.3
MAYURUNIQ Face Value Split From Rs.10/- To Rs.5/-
DAILY REPORT
25th SEPT. 2013
YOUR MINTVISORY Call us at +91-731-6642300
FUTURE & OPTION
MOST ACTIVE PUT OPTION
Symbol Option
Type
Strike
Price
LTP Traded
Volume
(Contracts)
Open
Interest
NIFTY PE 5,900 40.40 8,88,446 51,45,700
NIFTY PE 5,800 13.20 6,52,944 59,11,850
NIFTY PE 5,700 3.10 3,54,027 66,29,000
BANK NIFTY PE 10,000 82.75 38,381 2,77,400
SBIN PE 1,600 10.95 12,062 3,80,500
AXISBANK PE 1000 9.20 2,435 2,63,750
RELIANCE PE 880 10.40 4,091 3,23,500
MCDOWELL-N PE 2,400 11.95 1,542 1,68,375
MOST ACTIVE CALL OPTION
Symbol Option
Type
Strike
Price
LTP Traded
Volume
(Contracts)
Open
Interest
NIFTY CE 6,000 16.50 8,39,535 71,50,600
NIFTY CE 5,900 55.55 7,29,226 47,37,100
NIFTY CE 6,100 3.20 4,11,501 47,32,700
BANKNIFTY CE 10,500 48.00 38,477 2,04,225
SBIN CE 1,650 25.00 11,103 1,85,000
RELIANCE CE 900 3.15 4,555 8,28,750
DLF CE 150 0.80 3,257 16,97,000
JPASSOCIAT CE 40 0.20 3,060 86,56,000
AXISBANK CE 1,050 13.60 3,160 2,36,750
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 210894 6153.60 183145 5297.73 663899 19342.26 855.88
INDEX OPTIONS 923745 26935.28 950867 27693.29 2653840 77756.55 -758.02
STOCK FUTURES 368906 10339.63 388663 10977.06 1074911 29747.91 -637.44
STOCK OPTIONS 43801 1108.13 44908 1152.29 78797 2128.05 -44.16
TOTAL -583.74
INDICES S2 S1 PIVOT R1 R2
NIFTY 5811.28 5851.86 5895.13 5935.71 5978.98
NIFTYJUNIOR 11153.31 11218.68 11290.81 11356.18 11428.31
STOCKS IN NEWS Tatas say AirAsia kept in the loop on Singapore Airlines JV. Bank of Maharashtra opens 3 new rural branches in Hapur. Steel consumption to grow by around 5% in FY'14.
NIFTY FUTURE
Nifty Future closed in the green in the last trading ses-sion. We advise buying on dips around 5880-5900 with strict stop loss of 5850 for the targets of 5925-5950 levels.
DAILY REPORT
25th SEPT. 2013
YOUR MINTVISORY Call us at +91-731-6642300
RECOMMENDATIONS
SILVER
TRADING STRATEGY: BUY SILVER ABOVE 49550 TGTS 49850/50150 SL 49250 SELL SILVER BELOW 48400 TGTS 48100/47800 SL 48700
GOLD
TRADING STRATEGY: BUY GOLD ABOVE 29950 TGTS 30050/30150 SL 29850 SELL GOLD BELOW 29550 TGTS 29450/29350 SL 29650
COMMODITY ROUNDUP
Copper prices in the global market continued their south-
ward movement on Tuesday and were seen trading nega-
tive. Comex copper futures on electronic trading was seen
trading down by 1% at $3.265 per pound as of 15.37 IST.
Copper on London Metal Exchange for delivery in three
months was seen trading down by 0.96% at $7180 per
metric ton as of 14.15 IST. Tracking a down trend on
Comex India copper futures edged down and was seen
trading down. MCX copper futures for November delivery
was seen trading down by 1% at Rs.459.40 per kilogram as
of 15.36 IST.
Gold futures continued their downward movement on
Tuesday. Gold futures for December delivery on Globex
platform of Comex was seen trading down by $7.5 at
$1319.5 per troy ounce as of 14.36 IST. MCX gold futures
for October delivery was seen trading down by 0.78% at
Rs. 29641 per 10 grams as of 14.37 IST.
Brent crude oil meanwhile had fallen below $108 a barrel
to $107.75 as geopolitical tensions ease slightly ahead of
nuclear talks involving Iran and the United States later this
week. Iran has agreed to new talks on its nuclear program
with top diplomats from six world powers, including U.S.
Secretary of State John Kerry, raising hopes that Tehran's
relations with the United States could thaw. US crude oil
prices in the global market continued its negative trend on
Tuesday on waning Syria concerns and a recovery in crude
oil production, supply from Libya and Nigeria. WTI crude
oil for November delivery on NYMEX was seen trading
down by 0.42% at $103.15 per barrel as of 16.21 IST on
Tuesday. India crude oil futures was seen continuing their
southward movement on Tuesday tracking a down trend
on NYMEX. MCX crude oil futures for October delivery was
seen trading down by 0.15% at Rs.6525 per barrel as of
16.20 IST.
COMMODITY MCX
DAILY REPORT
25th SEPT. 2013
YOUR MINTVISORY Call us at +91-731-6642300
RECOMMENDATIONS CASTORSEED
SELL CASTORSEED BELOW 3420 TG 3400,3370 SL 3460 BUY CASTORSEED ABOVE 3455 TG 3480,3520 SL 3420
DHANIYA
BUY DHANIYA OCT ABOVE 5550 TG 5575,5600 SL 5510 SELL DHANIYA OCT BELOW 5500 TG 5475,5440 SL 5540
NCDEX ROUNDUP
India wheat futures recorded a negative trend on Tuesday
as a result of selling pressure while maize (corn) futures
technically recorded a slight up-tick on fresh buying sup-
port. NCDEX wheat for October delivery was seen trading
down by 0.58% at Rs.1546 per 100 kgs as of 12.29 IST on
Tuesday.
Food grains production in India is estimated to rise margin-
ally in the kharif (summer) season this year to 129.32 mn
tons on good rain fall activities. Despite favorable forex
prices, India exported only 1.31 lakh tons of wheat in Au-
gust when compared to 4.79 lakh tons last year.
Production of rice estimated at 92.32 million tonnes,
though marginally lower as compared to last year’s kharif
production, is higher than five years’ average production of
85.40 million tonnes. The production of cotton estimated
at an all time record of 35.30 million bales (of 170 kg each),
has registered an increase of 5.60 million bales as com-
pared to average cotton production of 29.70 million bales.
Production of jute is also estimated to be marginally higher
than its average production.
NCDEX
NCDEX INDICES
Index Value % Change
Castor Seed 3430 -1.61
Chana 3049 -0.91
Chilli 5324 -3.97
Coriander 5530 -0.29
Cotton Seed Oilcake 1449 +0.07
Jeera 12997.5 +0.02
Mustard seed 3495 -0.14
Ref Soya Oil 662.65 +0.12
Sugar M Grade 2912 -0.41
Turmeric 4742 -2.79
DAILY REPORT
25th SEPT. 2013
YOUR MINTVISORY Call us at +91-731-6642300
GBP/INR
GBP/INR has closed @100.7750. If it sustains above the
level of 100.94, it can touch the level of 101.28 & 101.87. If
it breaks the level of 100.00, it can touch the level of 99.75
& 99.31.
EUR/INR
EUR/INR has closed @84.9750. If it sustains above the
level of 85.25, it can touch the level of 85.46 & 85.85. If it
breaks the level of 84.40, it can touch the level of 84.10 &
83.80.
CURRENCY ROUNDUP
Rupee opened lower by 20 paisa or 0.32% against US dol-
lar at Rs 62.80 compared to previous close of 62.20. The
Indian rupee weakened for a third straight session on
Tuesday as the surprise rate hike by the central bank last
week tempered down the effect of the U.S. Federal Re-
serve's decision to not taper its monetary stimulus just yet.
The rupee has continued to weaken since the Reserve
Bank of India's decision to hike rates on Friday, but inter-
mittent selling by exporters and corporate has ensured the
unit does not fall very sharply.
The Indonesian rupiah fell to its lowest level in four-and-a-
half years, leading slides among emerging Asian currencies
amid uncertainty over whether the U.S. Federal Reserve
will begin scaling back its stimulus later this year.
A smaller than expected rise in German business senti-
ment in September and growing uncertainty over the
strength of the global economy helped nudge world shares
lower on Tuesday, while major currencies were trapped in
tight ranges. The euro initially slipped when the Ifo fell
short of expectations though soon recovered to be little
changed against the dollar at $1.35. The September read-
ing was better than August's but the euro dipped as it fell
short of the consensus forecast. The single currency was
down 0.1 percent at $1.3480. Support was cited at the Au-
gust high of $1.3453. Large options expiries were reported
at $1.3500 and $1.3200.
The market is getting nervous about the U.S. debt deal.
The dollar was up 0.1 percent at 80.546 against a basket
of currencies, having hit a seven-month trough of 80.06
last week.
CURRENCY
RBI Reference Rate
Currency Rate Currency Rate
Rupee- $ 62.6585 Yen-100 63.3200
Euro 84.5955 GBP 100.4604
DAILY REPORT
25th SEPT. 2013
YOUR MINTVISORY Call us at +91-731-6642300
CALL REPORT
Disclaimer
US ECONOMIC REPORT
PERFORMANCE UPDATES
Date Commodity/ Currency
Pairs Contract Strategy Entry Level Target Stop Loss Remark
24/09/13 MCX GOLD OCT. BUY 29550 29650-29750 29420 BOOKED FULL PROFIT
24/09/13 MCX GOLD DEC. SELL 29800 29700-29600 29930 BOOKED FULL PROFIT
24/09/13 MCX SILVER OCT. BUY 49500 49800-50100 49100 SL TRIGGERED
24/09/13 MCX SILVER DEC. SELL 49150 48850-48550 49550 BOOKED FULL PROFIT
24/09/13 NCDEX CASTOR SEED OCT. SELL 3484 3450-3420 3520 BOOKED FULL PROFIT
24/09/13 NCDEX CASTOR SEED OCT. BUY 3500 3525-3550 3460 NOT EXECUTED
24/09/13 NCDEX DHANIYA OCT. BUY 5560 5600-5640 5520 SL TRIGGERED
24/09/13 NCDEX DHANIYA OCT. SELL 5525 5500-5470 5560 BOOKED FULL PROFIT
24/09/13 USD/INR SEP SELL 62.45 62.15-61.90 NOT EXECUTED
24/09/13 GBP/INR SEP SELL 84.45 84.20– 83.80 NOT EXECUTED
24/09/13 USD/INR SEP BUY 63.20 63.50-63.89 NOT EXECUTED
24/09/13 GBP/INR SEP BUY 8520 85.29-85.54 NOT EXECUTED
Date Scrip
CASH/
FUTURE/
OPTION
Strategy Entry Level Target Stop Loss Remark
24/09/13 NIFTY FUTURE SELL 5950-5940 5925-5900 6000 BOOKED FULL PROFIT
24/09/13 HCLTECH FUTURE BUY 1100 1120-1150 1080 SL TRIGGERED
24/09/13 SBI FUTURE SELL 1635 1605-1580 1680 BOOKED PROFIT
24/09/13 PG ELECTROPLAST CASH BUY 141.5 145-149-155 133 BOOKED FULL PROFIT
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TIME (ET) REPORT PERIOD ACTUAL CONSENSUS FORECAST PREVIOUS
WEDNESDAY, SEPT. 25
8:30 am Durable goods orders Aug. -0.7% -7.4%
10 am New home sales Aug. 423,000 394,000
12 noon Household debt 2Q -- -0.6%
THURSDAY, SEPT. 26
8:30 am Weekly jobless claims 9/21 N/A 309,000
8:30 am GDP revision 2Q 2.7% 2.5%
10 am Pending home sales index Aug. -- -1.3%
FRIDAY, SEPT.27
8:30 am Personal income Aug. 0.3% 0.1%
8:30 am Consumer spending Aug. 0.3% 0.1%
8:30 am Core PCE price index Aug. 0.1% 0.1%
9:55 am UMich consumer sentiment index Sept. 77.5 76.8