DAILY REPORT
17th SEPT. 2013
YOUR MINTVISORY Call us at +91-731-6642300
Global markets at a glance
Asian markets closed with healthy gains. Stocks in Hong
Kong advanced 1.5%, while Korea rose 1% and Singapore
climbed 1.8%. Emerging markets in the region were even
stronger, with Philippines shares surging 2.8% and Indone-
sian stocks up 2.6%.
The Tokyo Stock Exchange was closed for a holiday. At the
same time, the U.S. dollar was weaker against most major
currencies.
Markets in Europe followed the upbeat trend, with Ger-
man stocks rising 1% and France 0.8% higher in morning
trading. U.S. futures pointed to a strong open. European
stocks rose to five-year highs on Monday in a broad-based
rally.
Wall Street Update
Wall Street up on Summers' withdrawal; Obama curbs
gains. Global markets soared on news that Larry Summers
has pulled out of the running to be considered for Fed
chairman. Tomi Kilgore has details. The Dow industrials
made a triple-digit advance Monday
Previous day Roundup
Both the Sensex and Nifty started the session on a strong
note markets but gave up all those gains later as August
WPI inflation jumped too 6-month high. The Sensex closed
up 9.71pts or 0.05% at 19742.47, and the Nifty ended
15.55pts down or 0.27% at 5835.05. About 1103 shares
advanced, 1232 declined, and 132 shares were unchanged.
Index stats
Bank Nifty & Bankex both gained 1.85% & 1.86% respec-
tively in yesterday’s session; Consumer Durables [down
25.74pts], IT [down 144.53pts], Capital Goods [down
80.76pts], Oil & Gas [down 31.50pts], Power [down
5.77pts] REALTY [down 25.87 pts], TECK [down 54.76pts],
went down whereas Metals [up pts], AUTO [up 41.90pts],
Healthcare [up 231.96pts], PSU [up 6.86pts], FMCG [up
25.43pts] traded upward.
World Indices
Index Value % Change
D J l 15,494.78 +0.77
S&P 500 1,697.60 +0.57
NASDAQ 3,717.85 -0.12
EURO STO 2,894.64 +0.96
FTSE 100 6,622.86 +0.59
Nikkei 225 14,426.44 +0.15
Hong Kong 23,190.36 -0.27
Top Gainers
Company CMP Change % Chg
BPCL 317.00 +11.85 +3.88
INDUSINDBK 415.10 +15.00 +3.75
MARUTI 1,362.00 +46.10 +3.50
ICICIBANK 970.00 +28.05 +2.98
BHARTIARTL 335.10 +9.35 +2.87
Top Losers
Company CMP Change % Chg
RANBAXY 319.90 -137.30 -30.03
BHEL 135.55 -7.30 -5.11
HCLTECH 994.00 -51.75 -4.95
ULTRACEMCO 1,650.00 -70.85 -4.12
SESAGOA 176.65 -7.25 -3.94
Stocks at 52 Week’s high
Symbol Prev. Close Change %Chg
CIPLA 431.05 -10.50 -2.38
DENSO 114.00 +0.65 +0.57
GALLISPAT 174.80 +15.15 +9.49
MINDTREE 1,064.00 -8.10 -0.76
SUNPHARMA 563.20 -0.55 -0.10
Top Losers
Company CMP Change % Chg
NIFTY 5,840.55 -10.05 -0.17
SENSEX 19,742.47 +9.71 +0.05
Stocks at 52 Week’s Low
Symbol Prev. Close Change %Chg
FIRSTLEASE 26.70 -6.65 -19.94
SHRIRAMEPC 33.50 -1.45 -4.15
DAILY REPORT
17th SEPT. 2013
YOUR MINTVISORY Call us at +91-731-6642300
STOCK RECOMMENDATIONS [FUTURE] 1. INFOSYS
INFOSYS is looking weak on charts, short build up has been
seen, we may see more downside, if it continues to sustain
below 3000. We advise selling below 3000 levels with strict
stop loss of 3045 for the targets of 2960-2925 levels.
2. HCL TECH
HCL TECH is looking weak on charts, short build up has
been seen, we may see more downside, if it continues to
sustain below 1000. We advise selling around 1000-1010
levels with strict stop loss of 1025 for the targets of 985-960
levels.
STOCK RECOMMENDATION [CASH] 1. RUBI MILLS
RUBI MILLS is looking strong on charts . We advise buying
above 185 with strict stop loss of 180 for the targets of 188
-194 levels.
MACRO NEWS Inflation (Wholesale Price Index) rose to 6.10 % in the
month of August from 5.79 % in the previous month,
dragged by massive rise in prices of food articles. Food
inflation surged 18.1%, the fastest pace in three years.
The Fed meets on Tuesday & Wednesday, and many
strategists expect the US central bank to begin paring
back its USD 85 billion monthly bond buying.
EQUITY CASH & FUTURE
CORPORATE ACTION TODAY
SCRIP ACTION Rs. Per Share
COSMOFILMS DIVIDEND 2.5
ONGC DIVIDEND 0.5
AMARJOTHI DIVIDEND 1.8
AJANTPHARM BONUS 1:2
AMDIND DIVIDEND 0.9
CENTURYPLY DIVIDEND 0.25
MIRZAINT DIVIDEND 0.5
SUPREMEINF DIVIDEND 2
ARVINDREM DIVIDEND 0.8
ACCELYA DIVIDEND 40
BGRENERGY DIVIDEND 7
MANGCHEFER DIVIDEND 1.2
DAILY REPORT
17th 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 91.95 4,52,525 42,46,100
NIFTY PE 5,700 62.15 3,63,088 38,45,550
NIFTY PE 5,900 134.85 3,00,839 28,88,450
BANK NIFTY PE 9,500 70.00 22,870 2,29,850
SBIN PE 1,600 34.45 3,775 2,56,750
AXISBANK PE 1000 22.55 2,717 4,36,500
RELIANCE PE 860 21.05 2,858 2,29,000
Ranbaxy PE 300 21.00 3,064 4,20,500
MOST ACTIVE CALL OPTION
Symbol Option
Type
Strike
Price
LTP Traded
Volume
(Contracts)
Open
Interest
NIFTY CE 6,000 52.50 4,95,396 47,74,850
NIFTY CE 6,100 25.50 4,03,660 37,31,800
NIFTY CE 5,900 93.50 2,85,029 38,22,800
BANKNIFTY CE 11,000 104.00 24,005 1,73,800
SBIN CE 1,700 41.35 7,751 3,38,500
RELIANCE CE 900 10.05 4,528 7,77,750
DLF CE 160 5.45 2,719 9,36,000
JPASSOCIAT CE 45 0.65 4,721 82,76,000
AXISBANK CE 1,100 1,100 41.00 2,31,250
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 93535 2701.91 94199 2748.34 453638 13029.57 -46.43
INDEX OPTIONS 869988 25027.52 878656 25222.94 2380820 69313.68 -195.43
STOCK FUTURES 93164 2381.78 99310 2624.53 1036484 28264.60 -242.75
STOCK OPTIONS 35828 915.96 35676 915.56 66667 1806.67 0.40
TOTAL -484.21
INDICES S2 S1 PIVOT R1 R2
NIFTY 5706.21 5773.38 5865.31 5932.48 6024.41
NIFTYJUNIOR 10870.28 10971.76 11109.48 11210.96 11348.68
STOCKS IN NEWS L&T Construction gets Rs 1,793 crore orders across
various business segments.
U.S. Bans Import of Generic Drugs From Indian
Plant of Ranbaxy.
HCL Infosystems has confirmed the companies are
collaborating, but it denied market buzz of a possi-
ble merger.
NIFTY FUTURE
Nifty Future as expected closed in the green but facing
strong resistance near 6000. We advise selling around
5880-5900 with strict stop loss of 5950 for the targets
of 5850-5820 levels.
DAILY REPORT
17th SEPT. 2013
YOUR MINTVISORY Call us at +91-731-6642300
RECOMMENDATIONS
SILVER
TRADING STRATEGY: SELL SILVER DEC BELOW 49700 TG 49400,49100 SL 50180 BUY SILVER DEC ABOVE 50250 TG 50550, 50850 SL 49800
GOLD
TRADING STRATEGY: BUY GOLD OCT ABOVE 29850TGTS 29950/30050 SL 29600 SELL GOLD OCT BELOW 29650 TG 29500, 29350 SL 29850
COMMODITY ROUNDUP
Gold is glued to FOMC meet outcome on September 17th
even as recent easing of prices taking cues from external
markets. Easing of geo-political tensions and likely Fed ta-
pering have already weakened prospects for gold. Higher
equities as evidenced by rise n S&P Index, negative corre-
lation between 10 year US Treasury yields and US dollar
continue to have downward impact on Gold prices. Gold
ETP outflows have slowed recently, which could aid prices,
but any sustained support for prices from ETP flows would
have to come via further stabilization and positive momen-
tum in ETP flows. The key focus for prices will be the FOMC
meeting next week.
Strong fundamentals, deficit forecast based on Interna-
tional Lead Zinc Group (ILZG) data could push LME lead
prices to average $2350 per ton .
The strength of Indian Rupee yesterday pressurized Cop-
per by a large extent. Copper derailed in Indian markets as
Rupee moved to almost a month high against the US Dol-
lar. The decline of Gold and overall imports, in the fresh
set of data from India, provided support to the local cur-
rency. Meanwhile, LME Copper was trading in a mixed
range-bound fashion. The prices were almost static on
LME awaiting Fed meet results due this week. LME three
month prices of Copper was at $ 7054 per tonne, down $ 5
per tonne.
Crude oil futures extended losses in the electronic trades
Monday as the threat of U.S. military intervention in Syria
appeared to diminish. Crude oil fell after the U.S. and Rus-
sia agreed on a plan to eliminate Syria’s chemical weap-
ons. Light sweet crude futures for delivery in November
are trading down 80 cents at $ 106.74 per barrel on the
New York Mercantile Exchange
COMMODITY MCX
DAILY REPORT
17th SEPT. 2013
YOUR MINTVISORY Call us at +91-731-6642300
RECOMMENDATIONS CASTORSEED
SELL CASTORSEED BELOW 3640 TG 3615,3580 SL 3680 BUY CASTORSEED ABOVE 3675 TG 3650,3610 SL 3710
DHANIYA
SELL DHANIYA BELOW 5670 TG 5645,5600 SL 5710 BUY DHANIYA ABOVE 5830 TG 5855,5890 SL 5790
NCDEX ROUNDUP
British experts will help to improve safety and building
standards in Bangladesh garment sector.
Global oil prices fell on Monday after U.S. and Russian offi-
cials reached a weekend deal to strip Syria of chemical
weapons, easing investor worries.
Spot turmeric prices continue to trade under Rs 5000 per
quintal levels. The first week of Septmber had witnessed
good gains as some delay was seen in new crop. However,
this week, the prices have yet again given up their gains
and are back to losing spree. Steady to firm arrivals had
kept a tab on turmeric prices in last few days.
Crude oil futures extended losses in the electronic trades
Monday as the threat of U.S. military intervention in Syria
appeared to diminish, easing concerns over a disruption to
supplies from the Middle East.
Russia's grain harvest increased by 4.9% on the year to
63.9 mmt as of September 05.
NCDEX
NCDEX INDICES
Index Value % Change
Castor Seed 3538 -0.92
Chana 3080 +0.06
Chilli 5012 +0.20
Coriander 5620 +0.57
Cotton Seed Oilcake 1815 +0.06
Jeera 13215 -0.17
Mustard seed 3505 +0.29
Ref Soya Oil 680.5 -0.59
Sugar M Grade 2960 -0.90
Turmeric 4640 -0.26
DAILY REPORT
17th SEPT. 2013
YOUR MINTVISORY Call us at +91-731-6642300
USD/INR
USD/INR has closed @63.1225. If it breaks the level of
62.60, it can touch the level of 62.32 & 61.96. If it sustains
above the level of 63.90, it can touch the level of 64.44 &
64.67. EUR/INR
EUR/INR has closed @84.2225. If it breaks the level of
83.55, it can touch the level of 83.12 & 82.71. If it sustains
above the level of 84.80, it can touch the level of 85.54 &
85.85.
CURRENCY ROUNDUP
Indian rupee opens yesterday at 62.80/dollar; up 69 paisa.
Rupee pared its early gains but was quoted higher by 76
paisa to 62.72 per dollar in late morning deals yesterday
on selling of the US currency by banks and exporters.
India's rupee, while up this month, continues to be one of
the world's worst performing currencies this year. Though
when last seen, Indian Rupee was trading at 62.77 against
the Dollar. After testing an all time low of 68.93 on 28 Au-
gust 2013, Rupee has gained by 8.9%.
Foreign banks will provide upfront financing for wealthy
non-resident Indian clients to entice them to place bulky
dollar deposits back home in response to India's drive for
dollar funding to defend its weak currency, sources told
Reuters. This would resurrect a practice which proved suc-
cessful in drawing in dollars from non-resident Indians
(NRIs) in 2000.
The rupee may see sharp appreciation on the back of
measures taken by the central bank and the government
as the decline was largely driven by "fear trade" The re-
sumption of foreign capital inflows could also lead to a sig-
nificant balance of payment surplus and help the rupee.
India's Cabinet Committee on Investment is expected give
clearances to major projects with investments of up to 1.6
trillion rupees at 1130 GMT.
The dollar stayed near a four-week low on Tuesday after
Lawrence Summers' withdrawal from the race to lead the
Federal Reserve reduced expectations of a faster pace of
monetary policy tightening by the U.S. central bank.
CURRENCY
RBI Reference Rate
Currency Rate Currency Rate
Rupee- $ 62.4840 Yen-100 63.2300
Euro 83.4960 GBP 99.6620
DAILY REPORT
17th 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
16/09/13 NCDEX CASTOR SEED SEP BUY 3735 3760-3785 3700 NOT EXECUTED
16/09/13 NCDEX CASTOR SEED SEP SELL 3685 3660-3635 3710 BOKED FULL PROFIT
16/09/13 NCDEX DHANIYA SEP BUY 5850 5875-5900 5820 NOT EXECUTED
16/09/13 NCDEX DHANIYA SEP SELL 5665 5640-5615 5690 BOOKED PROFIT
16/09/13 GBP/INR SEP SELL 100.30 99.82-99.37 BOOKED PROFIT
16/09/13 JPY/INR SEP SELL 63.50 63.18-62.80 BOOKED PROFIT
16/09/13 EUR/INR SEP BUY 101.75 102.24-102.77 NOT EXECUTED
16/09/13 GBP/INR SEP BUY 64.80 65.42-66.20 NOT EXECUTED
Date Scrip CASH/FUTURE/
OPTION Strategy Entry Level Target
Stop
Loss Remark
16/09/13 NIFTY FUTURE SELL 5920-5940 5880-5850 5960 BOOKED FULL PROFIT
16/09/13 AXISBANK FUTURE BUY 1045-1050 1065-1080 1025 BOOKED FULL PROFIT
16/09/13 PNB FUTURE BUY 510-515 525-540 500 CALL OPEN
16/09/13 KOTLE CASH BUY 70 74-78 68 SL TRIGGERED
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TIME (ET) REPORT PERIOD ACTUAL CONSENSUS FORECAST PREVIOUS
TUESDAY, SEPT. 17
8:30 AM CONSUMER PRICE INDEX AUG. 0.2% 0.2%
8:30 AM CORE CPI AUG. 0.1% 0.2%
10 AM HOME BUILDERS' INDEX SEPT. 59 59
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
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