DAILY REPORT
26th AUG. 2013
YOUR MINTVISORY Call us at +91-731-6642300
Global markets at a glance
The Hang Seng and Nikkei both are trading at positive side
by 0.14 and 0.71% respectively.
US stocks rose in light trading on Friday, led by a jump in
Microsoft shares, as trading took place without interrup-
tion a day after the Nasdaq stock exchange suffered an
unprecedented, three-hour trading halt.
The Dow Jones industrial average rose 46.77 points or 0.31
per cent, to 15,010.51, the S&P 500 gained 6.54 points or
0.39 per cent, to 1,663.5 and the Nasdaq Composite added
19.085 points or 0.52 per cent, to 3,657.792.
Wall Street Update
Central bankers around the world are bracing themselves
for more financial turbulence as the Federal Reserve pre-
pares to wind down its easy-money policies.
Global markets have reeled since May, when the Fed be-
gan signaling it could soon start scaling back its $85 billion-
per-month bond-buying program. U.S. mortgage rates
have been rising, and currencies and stocks in many devel-
oping economies have been falling.
Previous day Roundup
Sensex soars 200 pts; YES Bank, ICICI, SBI most active. The
market maintained its upward journey in afternoon trade
with the equity benchmarks gaining more than one per-
cent, aided by private banks, oil & gas, auto and capital
goods stocks.
Index stats:
Indian shares rose more than 1 percent on Friday to mark
their second consecutive day of gains, with beaten down
bank shares such as ICICI Bank gaining on value The gains
also tracked the easing of an emerging markets rout, while
global shares headed for a second day of gains as data sug-
gesting the global economy is improving took the edge off
concerns about the impact of a cut in U.S. monetary stimu-
lus. Benchmark stock indexes around the world edged
higher on Friday.
World Indices
Index Value % Change
D J l 15,010,51 +0.31
S&P 500 1,663.50 +0.39
NASDAQ 3,657.79 +0.52
EURO STO 2,826.05 +0.49
FTSE 100 6,492.10 +0.70
Nikkei 225 13,680.05 +0.14
Hong Kong 22,018.84 +0.71
Top Gainers
Company CMP Change % Chg
BHEL 116.15 +8.70 +8.10
TATAPOWER 78.45 +3.10 +5.09
HCLTECH 948.00 +45.65 +5.06
JPASSOCIAT 34.70 +1.40 +4.20
Top Losers
Company CMP Change % Chg
DLF 136.85 -7.00 -4.87
ULTRACEMCO 1,576.00 -58.85 -3.58
BHARTIARTL 307.60 -5.40 -1.73
CIPLA 396.00 -5.40 -1.35
Stocks at 52 Week’s high
Symbol Prev. Close Change %Chg
TECHM 1,371.95 101.05 +7.95
VTL 310.00 6.85 +2.26
Top Losers
Company CMP Change % Chg
NIFTY 5,471.75 +63.30 +1.17
SENSEX 18,519.44 +209.50 +1.13
Stocks at 52 Week’s Low
Symbol Prev. Close Change %Chg
FEDERAL BANK 283.75 +6.35 +2.29
GRASIM 2301.50 -1.50 -0.07
PLETHICO 81.25 -4.05 -4.98
PSB 42.35 +0.30 +0.71
DAILY REPORT
26th AUG. 2013
YOUR MINTVISORY Call us at +91-731-6642300
STOCK RECOMMENDATIONS [FUTURE] 1. TECH MAHINDRA
TECH MAHINDRA is looking strong on charts and long build up has been seen in this stock, we may see more upside in this stock if it continues to sustain above 1350 levels. We advise buying on dips around 1350-1360 with strict stop loss of 1325 for the targets of 1375-1390.
2. BHEL
BHEL is looking strong on charts and long build up has been seen in this stock, we may see more upside in this stock if it continues to trade above 110 levels. We advise buying on dips around 112-114 levels with strict stop loss of 110 for the targets of 118-120 levels.
STOCK RECOMMENDATION [CASH] 1. PC JEWELLERS
PC JEWELLERS is looking strong on charts, we may see more upside in this stock, if it trade above 95 levels. We advise buying above 95 levels with strict stop loss of 90 for the targets of 98-102 levels.
MACRO NEWS
Goldman revised down its three, six and 12-month tar-
gets for the Malaysian ringgit, Thai Baht and Indonesian
rupiah on Friday. The currencies, together with their
emerging-market peers, have taken a beating recently
amid expectations for an unwinding of US monetary
stimulus. The rupiah should take the biggest hit as inves-
tors flee the volatile group of currencies for the safety of
developed markets, according to Goldman.
EQUITY CASH & FUTURE
CORPORATE ACTION TODAY
SCRIP ACTION Rs. Per Share
NEYVELILIG DIVIDEND 1.8
GLOBOFFS DIVIDEND 0.8
ALEMBICLTD DIVIDEND 0.2
DIAPOWER BONUS 1:3
GEECEE DIVIDEND 1.5
KOTHARIPET DIVIDEND 0.75
DAILY REPORT
26th AUG. 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 5,400 38.25 7,40,368 77,11,050
NIFTY PE 5,300 16.35 6,86,806 79,21,700
NIFTY PE 5,200 7.00 4,93,173 72,61,100
SBIN PE 1,500 13.00 5,648 5,43,625
SBIN PE 1,550 28.20 4,178 2,90,000
RELIANCE PE 800 7.00 2,945 3,56,000
DLF PE 140 7.55 2,774 11,84,000
MOST ACTIVE CALL OPTION
Symbol Option
Type
Strike
Price
LTP Traded
Volume
(Contracts)
Open
Interest
NIFTY CE 5,500 45.25 9,15,751 79,79,100
NIFTY CE 5,400 100.40 5,65,459 48,09,800
NIFTY CE 5,600 12.80 4,92.124 85,09,700
BANKNIFTY CE 9,500 152.00 40,782 2,10.100
SBIN CE 1,600 19.75 11,413 6,11,375
SBIN CE 1,650 8.10 6,288 4,86,875
RELIANCE CE 820 13.50 3,803 4,39,450
TATASTEEL CE 280 8.25 4,503 6,81,000
JPASSOCIAT CE 35 1.35 6,288 87,76,000
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 101359 2709.04 125728 3371.44 643109 17073.06 -662.40
INDEX OPTIONS 948785 25337.52 927032 24706.05 2366118 64220.82 631.47
STOCK FUTURES 160374 4099.39 127922 3298.87 1122045 28269.08 800.53
STOCK OPTIONS 38684 967.99 40179 1014.37 134846 3437.36 -46.37
TOTAL 723.22
INDICES S2 S1 PIVOT R1 R2
NIFTY 5341.78 5406.76 5442.78 5507.76 5543.78
NIFTYJUNIOR 10395.44 10504.24 10564.2 10672.99 10732.95
STOCKS IN NEWS Reliance Ind. & its partner British Petroleum have
announced a new gas condensate discovery in the Cauvery basin.
ITC mulls merger of Wimco non-engineering busi-ness with itself.
NHB net profit rises by 16 pc to Rs 450 crore in FY'13
NIFTY FUTURE
Nifty Future in the last trading session we saw strong pull back from lower levels. We advise buying on dips near the 5350-5400 levels with strict stop loss of 5300 for the targets of 5450-5500 levels.
DAILY REPORT
26th AUG. 2013
YOUR MINTVISORY Call us at +91-731-6642300
SILVER
TRADING STRATEGY: BUY SILVER SEP. ABOVE 53800 TGTS 53970/54200/SL 53600 GOLD
TRADING STRATEGY: BUY GOLD OCT. ABOVE 31980 TGTS 32040/32100/SL 31890
COMMODITY ROUNDUP
Gold prices in the global market edged up on Friday after
weekly US unemployment claims recorded an upward
movement. However, concerns over the withdrawal of US
monetary stimulus were seen pressuring the yellow metal
prices to certain extent. Gold jumped to a 11-week high,
topping $1,400 an ounce in spot trading, as sales of new
U.S. homes fell more than forecast, boosting speculation
that the Federal Reserve will maintain economic stimulus.
Gold futures for December delivery on Globex platform of
Comex was seen trading up 0.14% at $1376.30 per troy
ounce as of 11.06 AM IST on Friday.
Very recently, India's Supreme Court had given a go-ahead
to the India government to float a global tender regarding
the revival of Kolar Gold mines.
The trend in gold futures for October delivery on India's
Multi Commodity Exchange (MCX) looks sideways to bull-
ish for the day and intra-day traders are advised to stay on
buy side.
MCX Gold futures for August delivery was seen trading up
by 0.80% at Rs. 31390 per 10 grams as of 11.33 AM on Fri-
day.
Crude palm oil prices on India's Multi Commodity Ex-
change (MCX) is expected to trade with a positive note
ahead of festive season demand supported by deprecia-
tion of Indian Rupee (INR) against US Dollar (USD). MCX crude palm oil for August delivery opened at
Rs.543.10 , touched a high of Rs.546.80 and was seen trad-
ing up by 0.66% at Rs.545.10 per 10 kgs as of 11.44 AM IST
on Saturday.
India silver futures is seen trading positive tracking an up
trend in gold prices. The trend in silver futures for Septem-
ber delivery on India's Multi Commodity Exchange (MCX)
looks sideways to bullish for the day and intra-day trader
are advised to buy on dips.
COMMODITY MCX
DAILY REPORT
26th AUG. 2013
YOUR MINTVISORY Call us at +91-731-6642300
RECOMMENDATIONS CASTORSEED
BUY CASTORSEED SEP ABOVE 3685 TG 3710, 3735 SL 3660
SELL CASTORSEED SEP BELOW 3590 TG 3575, 3550 SL 3615
DHANIYA
BUY DHANIYA SEP ABOVE 5850 TG 5875, 5900 SL 5825 SELL DHANIYA SEP BELOW 5750 TG 5725, 5700 SL 5775
NCDEX ROUNDUP
Corn rallied from the biggest loss since June and soybeans
climbed amid concerns that the weather may turn dry and
hurt crops in the Midwest, the largest U.S. producing re-
gion.
Falling prices of edible oil in the global markets is likely to
soften impact of depreciating rupee on edible oil prices in
the country. RBD Palmolein, Crude Palm Oil, Soybean Oil
and Sunflower Oil are imported by India to meet growing
consumption of edible oils.
The Minister further stated that currently about 79 appli-
cations covering 11 crops namely, cotton, rice, castor,
maize, wheat, sugarcane, brinjal, potato, chickpea, mus-
tard and sorghum are pending with the GEAC.
Sugar prices likely to trade firm in the short to Me-dium term considering weak rupee resulting boost in sugar export possibilities. Recently, around 2 lac tons of sugar export deals has been reported from India bound towards various destinations.
In addition to it, upcoming festival demand and lower
sugar production outlook for next year also would support
the prices.
NCDEX
NCDEX INDICES
Index Value % Change
Castor Seed 3505 +3.82
Chana 3067 +1.96
Chilli 5396 +2.30
Coriander 5683 +1.62
Cotton Seed Oilcake 1801 +1.94
Jeera 13315 +1.48
Mustard seed 3422 +0.61
Ref Soya Oil 686.9 -0.35
Sugar M Grade 3030 +0.03
Turmeric 5004 +1.20
DAILY REPORT
26th AUG. 2013
YOUR MINTVISORY Call us at +91-731-6642300
USD/INR
USD/INR has closed at the level of @63.9925. If it sustains below this level, it can touch the level of @63.17 and @62.32 JPY/INR
JPY/INR has closed at the level of 64.6375. If breaks the level of 64.05, it can touch the level of 63.25 and 62.80
CURRENCY ROUNDUP
The Reserve Bank of India's (RBI) liquidity measures to
curb volatility in the forex market is likely to help moder-
ate inflation, Finance Minister P. Chidambaram told parlia-
ment on Friday.
Last month, the central bank engineered an increase in
money-market interest rates in an effort to give investors
in short-term rupee debt an incentive to keep their money
in India.
Rupee recovered after six straight days of losses. The ru-
pee, the strength of which is crucial for a potential rollback
of the RBI's liquidity tightening measures. The dollar fell
after a U.S. government report on new single-family home
sales raised doubts about the timing and extent of cuts to
the Federal Reserve's stimulus program. The rupee rose
2.1 percent on Friday, its biggest jump in nearly a year, as
equities posted strong gains for a second session and the
RBI was suspected to have sold dollars heavily late in the
session.
However, the partially convertible rupee registered its sec-
ond weekly loss, as investors fretted over fears of how the
country will fund its large current account deficit as the
U.S. Federal Reserve is expected to begin tapering its
monetary stimulus. The rupee hit a series of record lows in
the week, falling as much as 65.56 to a dollar on Thursday,
making its Asia’s worst performer so far in 2013.
EURINR, the pair seems to have completed a five wave rise
at yesterdays swing high as it closed in red on Thursday.
On Friday further selling was seen from higher levels and it
finally broke its yesterday’s swing low which indicates
lower top and lower bottom formation.
CURRENCY
RBI Reference Rate
Currency Rate Currency Rate
Rupee- $ 64.6880 Yen-100 65.3200
Euro 86.3035 GBP 100.7968
DAILY REPORT
26th AUG. 2013
YOUR MINTVISORY Call us at +91-731-6642300
CALL REPORT
NEXT WEEK'S U.S. ECONOMIC REPORTS
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PERFORMANCE UPDATES
Date Commodity/ Currency Pairs Contract Strategy Entry Level Target Stop Loss Remark
23/08/13 MCX GOLD AUG BUY 31600 31660-31800 31500 BOOKED FULL PROFIT
23/08/13 MCX SILVER AUG BUY 51500 51700-52000 51200 BOOKED PROFIT
23/08/13 NCDEX CASTOR SEED SEP SELL 3475 3450-3400 3510 NOT EXECUTED
23/08/13 NCDEX CASTOR SEED SEP BUY 3560 3585-3620 3535 BOOKED FULL PROFIT
23/08/13 NCDEX DHNIYA SEP BUY 5800 5825-5860 5760 BOOKED PROFIT
23/08/13 NCDEX DHNIYA SEP SELL 5650 5625-5580 5640 NOT EXECUTED
23/08/13 JPY/INR AUG SELL 66.40 65.22-64.63 NOT EXECUTED
23/08/13 GBP/INR AUG SELL 101.45 99.85-99.02 NOT EXECUTED
Date Scrip CASH/FUTURE/
OPTION Strategy Entry Level Target Stop Loss Remark
23/08/13 NIFTY FUTURE BUY 5300-
5350 5400-5450 5250 BOOKED FULL PROFIT
23/08/13 RANBAXY CASH BUY 387 395-405 375 SL TTRIGGERED
23/08/13 TATASTEEL FUTURE BUY 265-268 275-285 260 BOOKED PROFIT
23/08/13 HINDALCO FUTURE BUY 101-102 104-106 98 BOOKED PROFIT
TIME (ET) REPORT PERIOD ACTUAL CONSENSUS FORECAST PREVIOUS
MONDAY, AUG. 26
8:30 AM DURABLE GOODS ORDERS JULY -4.0% 3.9%
TUESDAY, AUG. 27
10 AM CONSUMER CONFIDENCE INDEX AUG. 80.0 80.3
WEDNESDAY, AUG. 28
NONE SCHEDULED
THURSDAY, AUG. 29
8:30 AM WEEKLY JOBLESS CLAIMS 8/24 N/A N/A
8:30 AM GDP REVISION 2Q 2.4% 1.7%
FRIDAY, AUG. 30
8:30 AM PERSONAL INCOME JULY 0.2% 0.3%
8:30 AM CONSUMER SPENDING JULY 0.3% 0.5%
8:30 AM CORE PCE PRICE INDEX JULY 0.2% 0.2%
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