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DAILY REPORT
18th SEPT. 2013
YOUR MINTVISORY Call us at +91-731-6642300
Global markets at a glance
Asian market declined on Tuesday, as investors consoli-
dated positions ahead of the US Federal Reserve's two-day
policy meeting starting later in global day. The benchmark
Nikkei 225 index closed 93 points lower at 14311.70.
Shanghai Composite index lowerd by 2.05% to finish at
2185.56. In Hong Kong, HK shares eased as investors
booked gains after a strong advance in the previous ses-
sion.
For today the MSCI Asia Pacific Index added 0.4% by 9:51
a.m. in Tokyo, rising for the second time in four days,
as Japan’s Topix Index jumped 0.8 %. Standard & Poor’s
500 Index futures rose 0.1 % after the gauge climbed 0.4 %
Wall Street Update
J.P. Morgan Chase & Co. is expected to take a big step to-
ward resolving the "London whale" trading fiasco, agreeing
to pay at least $800 million in penalties and admit wrong-
doing as part of a broad regulatory settlement Regulators
in the U.S. and U.K. are expected to fault J.P. Morgan for
deficient internal controls and disclosing incorrect infor-
mation related to the 2012 trades. The trades resulted in
more than $6 billion in losses at the largest U.S. bank.
Previous day Roundup
After a lackluster trading session, the market managed to
end in the green. The Sensex ended 61.56 points or 0.31 %
higher at 19804.03, and the Nifty closed at 5851.40 up
10.85 points or 0.19 %. About 1103 shares have advanced,
1227 shares declined, and 140 shares are unchanged.
Index stats
Bank Nifty & Bankex both declined 0.86% & 0.80% respec-
tively, while the sectors like; TECK [up 74.23pts], FMCG [up
45.61pts], AUTO [up 80.63pts], IT [up 164.72 pts], Metals
[up 70.40pts] performed positively and Oil & Gas [down
43.36pts], PSU [down 35.82pts], Capital Goods [down
52.66pts], Healthcare [down 26.34pts], Power [down
12.48pts], Consumer Durables [down 42.71pts], REALTY
[down 11.24 pts], traded downward.
World Indices
Index Value % Change
D J l 15,529.73 +0.23
S&P 500 1,704.76 +0.42
NASDAQ 3,745.70 +0.75
EURO STO 2,890.95 -0.13
FTSE 100 6,570.17 -0.80
Nikkei 225 14,580.85 +1.88
Hong Kong 23,117.55 -0.27
Top Gainers
Company CMP Change % Chg
HCLTECH 1,038.20 41.80 +4.20
DRREDDY 2,299.00 74.95 +3.37
RANBAXY 328.95 10.45 +3.28
ULTRACEMCO 1,697.10 48.35 +2.93
JINDALSTEL 248.00 5.85 +2.42
Top Losers
Company CMP Change % Chg
SUNPHARMA 542.70 20.90 -3.71
BANKBARODA 517.15 19.65 -3.66
AXISBANK 1,052.70 34.85 -3.20
INDUSINDBK 402.00 12.45 -3.00
ONGC 279.70 7.50 -2.61
Stocks at 52 Week’s high
Symbol Prev. Close Change %Chg
CMAHENDRA 201.50 3.05 +1.54
DENSO 126.30 11.45 +9.97
GALLISPAT 179.95 11.20 +6.64
HELIOSMATH 78.55 0.60 +0.77
PGIL 153.00 1.05 +0.69
Top Losers
Company CMP Change % Chg
NIFTY 5,850.20 +9.65 +0.17
SENSEX 19,804.03 +61.56 +0.31
Stocks at 52 Week’s Low
Symbol Prev. Close Change %Chg
FIRSTLEASE 21.40 -5.30 -19.58
VIVIDHA 59.50 -7.15 -10.73
DAILY REPORT
18th SEPT. 2013
YOUR MINTVISORY Call us at +91-731-6642300
STOCK RECOMMENDATIONS [FUTURE] 1. RAYMOND
RAYMOND FUTURE is looking strong on charts, long build
up has been seen, we may see more upside, if it continues
to sustain above 230 . We advise buying around 230-232
levels with strict stop loss of 225 for the targets of 237-239
levels.
2. YES BANK
YES BANK FUTURE is looking strong on charts, long build up
has been seen, we may see more upside, if it continues to
sustain above 300 . We advise buying around 300 levels
with strict stop loss of 292 for the targets of 305-309 levels.
STOCK RECOMMENDATION [CASH] 1. HEIDELBERG CEMENT
HEIDELBERG CEMENT is looking strong on charts . We ad-
vise buying above 38.50 with strict stop loss of 34 for the
targets of 40-42 levels.
MACRO NEWS India will keep to its gross borrowing goal of Rs 6.29
trillion for the current fiscal year.
Foreign Direct Investment (FDI) into India grew by 12%
YoY to $1.65 billion in July, highest since April.
EQUITY CASH & FUTURE
CORPORATE ACTION TODAY
SCRIP ACTION Rs. Per Share
HITECHGEAR DIVIDEND 1.5
VALECHAENG DIVIDEND 1
KSCL DIVIDEND 8
NIPPOBATRY DIVIDEND 10
JAGRAN DIVIDEND 2
GPIL DIVIDEND 2.5
ORIENTBELL DIVIDEND 1.5
TECHNOFAB DIVIDEND 2.5
MCX DIVIDEND 12
TCPLTD DIVIDEND 1
TVSSRICHAK DIVIDEND 7.5
PGIL DIVIDEND 1
UNIENTER Rights 173:100 @ Premium Rs.15/-
DAILY REPORT
18th 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 5,800 77.00 2,70,752 44,87,700
NIFTY PE 5,700 49.50 2,33,066 46,20,600
NIFTY PE 5,600 31.35 1,60,641 57,35,950
BANK NIFTY PE 9,500 66.50 15,066 2,84,250
SBIN PE 1,600 34.75 3,312 2,46,375
MCDOWELL-N PE 2,400 29.70 2,508 1,70,625
AXISBANK PE 1,000 23.50 1,996 3,76,500
RELIANCE PE 860 19.60 1,420 2,25,500
MOST ACTIVE CALL OPTION
Symbol Option
Type
Strike
Price
LTP Traded
Volume
(Contracts)
Open
Interest
NIFTY CE 6,000 55.55 3,35,480 52,20,550
NIFTY CE 5,900 5,900 99.20 37,96,500
NIFTY CE 6,100 27.10 2,14,937 36,39,500
BANKNIFTY CE 11,000 77.50 16,995 2,73,825
SBIN CE 1,700 31.00 4,853 4,22,000
RELIANCE CE 900 8.55 1,967 7,67,750
MCDOWELL-N CE 2,600 35.95 2,837 2,03,750
JPASSOCIAT CE 45 0.60 2,381 86,08,000
SBIN CE 1,800 10.50 2,488 3,56,750
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 82429 2401.41 62297 1809.39 432730 12436.55 592.03
INDEX OPTIONS 456768 13138.28 481251 13790.38 2401255 69954.04 -652.10
STOCK FUTURES 60296 1679.77 69542 1873.26 1031038 28212.30 -193.49
STOCK OPTIONS 23158 615.98 23333 617.84 68610 1862.87 -1.86
TOTAL -255.43
INDICES S2 S1 PIVOT R1 R2
NIFTY 5784.73 5817.46 5837.63 5870.36 5890.53
NIFTYJUNIOR 10938.26 10988.73 11029.16 11079.63 11120.06
STOCKS IN NEWS The 2,980 MW Sipat coal-based thermal power plant will be dedicated to the nation by the Prime Minister on Sept. 19. GMR sells Rs 2.22 billion stake in highway unit. SBI expects Rs 4,000 cr capital infusion from govt this fiscal. ONGC Videsh plans to raise stake in Latin American blocks.
NIFTY FUTURE
Nifty Future as expected closed in the green but facing
strong resistance near 6000 levels and support near
5800 levels. We advise buying around 5830-5850 with
strict stop loss of 5800 for the targets of 5900-5920
levels.
DAILY REPORT
18th SEPT. 2013
YOUR MINTVISORY Call us at +91-731-6642300
RECOMMENDATIONS
SILVER
TRADING STRATEGY: SELL SILVER DEC BELOW 49300 TGTS 49100/48800 SL 49720. BUY SILVER DEC ABOVE 49200 TGTS 49500/49800 SL 49700. GOLD TRADING STRATEGY:
BUY GOLD OCT ABOVE 29450 TGTS 29550/ 29650 SL 29350 SELL GOLD OCT BELOW 29600 TGTS 29500/ 29400 SL
29720
COMMODITY ROUNDUP
The government of India is likely to hike import duty on
gold jewelry to 15 % from 10 % currently. Gold imports
have been pushing up current account deficit (CAD) and
putting pressure on the already battered rupee. Mean-
while, the recent trade data showed that gold imports
have dipped to USD 0.65 billion in August from USD 2.2
billion in the previous month.
MCX Gold futures edged up to highs above Rs 30000 yes-
terday, tracking a weak Indian Rupee. The global prices
eased though as investors considered the weekend talks
between the U.S. and Russia on a plan to get rid of Syria's
chemical weapons. The metal had rallied day before yes-
terday. The bounce came after Lawrence Summers with-
drew as a candidate to head the Federal Reserve.
Brent oil futures edged lower on Tuesday, extending the
previous day's steep losses, as easing worries over Syria
calmed fears that crude supply from the Middle East
would be at risk. Brent crude for delivery in November was
down 23 cents at $109.84 a barrel, after touching a near
one-month low of $108.73 in the previous session.
MCX crude oil futures for September delivery was seen
trading down by 0.75% at Rs. 6705 per barrel as of 13.42
IST on Tuesday.
MCX Copper futures edged higher today tracking the weak
undertone in Indian Rupee and rising from yesterday's
lows near Rs 450 per kg levels. The commodity eased in
global markets. COMEX Copper is down 0.20% at $3.2155
per pound while MCX Copper is quoting at Rs 458.20, up
Rs 0.95 per kg or 0.21% on the day.
The majority of commodity index returns have suffered
losses over the past week and since the end of last year.
However, index gains during the third quarter-to-date
have been most notable in the energy and precious metals
sectors.
COMMODITY MCX
DAILY REPORT
18th SEPT. 2013
YOUR MINTVISORY Call us at +91-731-6642300
RECOMMENDATIONS CASTORSEED
SELL CASTORSEED BELOW 3610 TG 3585,3550 SL 3650 BUY CASTORSEED ABOVE 3640 TG 3665,3700 SL 3600
DHANIYA
SELL DHANIYA BELOW 5740 TG 5715,5680 SL 5790 BUY DHANIYA ABOVE 5770 TG 5800,5840 SL 5730
NCDEX ROUNDUP
Sugar production in India is estimated to touch 25 million
tonne in the sugar season 2013-14 starting from October.
Good monsoon this year would help augment the sugar
production for the coming season. In 2012-13 sugar sea-
son, India produced 24.5 million tonne of sugar.
Natural rubber production has seen one of the sharpest
fall in recent years during April- August period of the cur-
rent financial year. For the five month period domestic
production has slowed down 15.5%.
Pepper gained sharply further on strong demand against
the lower availability. Lower stock levels in Vietnam, India
and projected lower Indonesian crop and crop worries in
India supported the up trend. The NMCE Pepper October
contract ended the day at Rs 44090, up Rs 67 or 0.15%.
The NMCE Pepper made life time high of Rs 46014 earlier
and pared gains in the later sessions on long liquidations.
The counter hits the high of Rs 44100 and provisionally
closed at Rs 44090, up Rs 67 or 0.15%.
Average price of the spice has plunged to a range of Rs 580
-Rs 610 per kg. Arrivals have also increased substantially as
the second round of harvesting is in full swing.
NCDEX
NCDEX INDICES
Index Value % Change
Castor Seed 3519 -0.68
Chana 3070 -0.45
Chilli 4930 -1.48
Coriander 5630 +1.22
Cotton Seed Oilcake 1795 -1.48
Jeera 13132.5 -0.55
Mustard seed 3504 +0.83
Ref Soya Oil 679.7 -0.12
Sugar M Grade 2935 -1.08
Turmeric 4848 -0.16
DAILY REPORT
18th SEPT. 2013
YOUR MINTVISORY Call us at +91-731-6642300
GBP/INR
GBP/INR has closed @101.0025. If it sustains above
101.80, it can touch the level of 102.24 & 102.99. If it
breaks 100.15, it can touch the level of 99.87 & 99.40.
JPY/INR
JPY/INR has closed @64.0500. If it sustains above 64.75, it
can touch the level of 65.09 & 65.42. If it breaks 63..20, it
can touch the level of 62.90 & 62.45.
CURRENCY ROUNDUP
The Indian rupee lost 0.86% to close at 63.37 against the
US dollar on heavy dollar buying by importers, ahead of
crucial Fed meeting later this week. The rupee remained
range-bound during the day. It opened weak on strong
dollar index. The Dollar index gained against major curren-
cies like yen and euro. The Indian currency opened at
63.33, touched an intra-day high of 62.95 and fell to a low
of 63.64. The dollar lost ground on Tuesday as investors
consolidated positions before this week's U.S. Federal pol-
icy meeting at which the central bank is set to start scaling
back stimulus. The dollar was down 0.2% versus a basket
of currencies on Tuesday, at 81.141, but remained in a
tight range.
USD/INR has given up most gains on the day as foreign
banks sell on behalf of custodial clients. Pair at 62.99/00 vs
Monday's close of 62.83/84 after rising to 63.6450 early in
yesterday session. Foreign banks are offering upfront fi-
nancing for wealthy NRIs of 90 per cent to set up dollar
deposits in India following various RBI incentives, including
cheap dollar/rupee swap rates.
A rupee depreciation of 13% between September and De-
cember 2011 was followed by FII inflows worth $8 billion
over the following three months. Similarly, a rupee depre-
ciation of 11% over March-June 2012 was followed by FII
inflows of $6 billion over the following three months. The
emerging markets saw inflows worth $2.6 billion last week,
their first positive weekly flows in five weeks.
Foreigners have resumed buying into Asia — in the week
ended September 11 the rupee has recovered almost 9%.
Between June and August, the rupee fell nearly 22% and
FIIs sold equities worth Rs 22,700 crore. However, the ru-
pee appreciated nearly 8% during the first half of Septem-
ber and FIIs pumped in nearly Rs 6,394 crore.
CURRENCY
RBI Reference Rate
Currency Rate Currency Rate
Rupee- $ 63.3770 Yen-100 63.9300
Euro 84.5980 GBP 100.8582
DAILY REPORT
18th SEPT. 2013
YOUR MINTVISORY Call us at +91-731-6642300
CALL REPORT
Disclaimer
US ECONOMIC REPORT
PERFORMANCE UPDATES
Date Commodity/ Currency Contract Strategy Entry Level Target Stop Loss Remark
17/09/13 MCX GOLD OCT. BUY 29850 29950-30050 29600 BOOKED FULL PROFIT
17/09/13 MCX SILVER DEC. BUY 50250 50550-50850 49800 BOOKED PROFIT
17/09/13 MCX GOLD OCT. SELL 29650 29500-29350 29850 NOT EXECUTED
17/09/13 MCX SILVER DEC. SELL 49700 49400-49100 50180 NOT EXECUTED
17/09/13 NCDEX CASTOR SEED SEP BUY 3675 3650-3610 3710 SL TRIGGERED
17/09/13 NCDEX CASTOR SEED SEP SELL 3640 3615-3580 3680 BOOKED PROFIT
17/09/13 NCDEX DHANIYA SEP BUY 5830 5855-5890 5790 BOOKED PROFIT
17/09/13 NCDEX DHANIYA SEP SELL 5670 5645-5600 5710 NOT EXECUTED
17/09/13 EUR/INR SEP SELL 83.55 83.12-82.71 NOT EXECUTED
17/09/13 USD/INR SEP SELL 62.60 62.32-61.96 NO PROFIT NO LOSS
17/09/13 EUR/INR SEP BUY 84.80 84.54-85.85 NOT EXECUTED
17/09/13 USD/INR SEP BUY 63.90 64.44-64.67 NOT EXECUTED
Date Scrip
CASH/
FUTURE/
OPTION
Strategy Entry Level Target Stop Loss Remark
17/09/13 NIFTY FUTURE SELL 5880-5900 5850-5820 5950 BOOKED PROFIT
17/09/13 INFISYS FUTURE SELL 3000 2960-2925 3045 NOT EXECUTED
17/09/13 HCLTECH FUTURE SELL 1000-1010 985-960 1025 SL TRIGGERED
17/09/13 RUBI MILLS CASH BUY 185 188-194 180 BOOKED FULL PROFIT
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TIME (ET) REPORT PERIOD ACTUAL CONSENSUS FORECAST PREVIOUS
WEDNESDAY, SEPT. 18
8:30 AM HOUSING STARTS AUG. 913,000 896,000
8:30 AM BUIILDING PERMITS AUG. 945,000 954,000
8:30 AM CURRENT ACCOUNT Q2 -- -$106 BLN
2 PM FOMC STATEMENT & PROJECTIONS
2:30 AM BERNANKE PRESS CONFERENCE
THURSDAY, SEPT. 19
8:30 AM WEEKLY JOBLESS CLAIMS 9/14 N/A N/A
10 AM EXISTING HOME SALES AUG. 5.30 5.39 MLN
10 AM PHILLY FED SEPT. 11.8 9.3
10 AM LEADING INDICATORS AUG. 0.4% 0.6%
12 noon FINANCIAL ACCOUNTS Q2
FRIDAY, SEPT. 20
NONE SCHEDULED