DAILY REPORT th
13 MAY 2016
Global markets at a glance European stocks fell on Thursday after a choppy session, weighed down by some disappointing earnings updates, while Bayer and BASF dropped on reports they could be interested in buying Monsanto. The FTSEurofirst 300 index dropped 0.55 percent, having risen by as much as 0.9 percent earlier in the session on the back of gains in crude oil prices, which later turned lower. Oil prices fell back after touching six-month highs, as selling prevailed on signs of another storage build at the hub for U.S. crude futures. Bayer fell 4.8 percent after Bloomberg reported the German group was exploring a bid for Monsanto, while BASF fell 2.1 percent after financial news website Street Insider reported it was also looking at a Monsanto acquisition. In Asia on Friday, the Bank of Korea is expected to announce its monetary policy decision in the morning. Markets in Asia were lower in early trade on Friday, following a modest finish in US equities. In Japan, the Nikkei 225 wavered between gains and losses before slipping 0.28% as the yen saw renewed strength against the dollar during Asian hours, after retreating to the 109 level overnight. Across the Korean Strait, the Kospi was down 0.27 percent. US stocks ended mixed on Thursday, with gains in telecom and consumer staples helping make up for a tumble in Apple to a 2year low. The S&P 500 and DJI swerved between gains and losses before ending virtually flat. Up 0.90 percent, Microsoft was the largest upward force in the S&P 500. The DJI average finished 0.05% higher at 17,720.5pts and the S&P 500 ended down 0.02% at 2,064.11. Pinched by Apple's drop, Nasdaq fell 0.49% to 4,737.33. Seven of the 10 major S&P 500 sectors ended higher, led by a 0.72% gain in telecom and a 0.54% rise in consumer staples. The health index lost 0.58% with Allergan down 3%. Previous day Roundup The market ended with gains as the Sensex was up 193.20 points or 0.7 percent at 25790.22, and the Nifty ended up 51.55 points or 0.7 percent at 7900.40. About 1567 shares have advanced, 1004 shares declined, and 179 shares are unchanged. Index stats The Market was very volatile in last session. The sartorial indices performed as follow; Consumer Durables [up 166.26pts], Capital Goods [down 5.69Pts], PSU [up 38.54pts], FMCG [up 25.45Pts], Realty [up 15.14pts], Power [up 11.73pts], Auto [up 92.77pts], Healthcare [up 104.6pts], IT [up 125.45pts], Metals [up 52.49Pts], TECK [up 63.08pts], Oil& Gas [up 74.86pts]. YOUR MINTVISORY
World Indices Index
Value
% Change
DJl S&P 500 NASDAQ FTSE 100 Nikkei 225
17720.50 2054.11 4737.34 6104.19 16467.43
+0.05 -0.02 -0.49 -0.95 -1.07
Hong Kong
19715.21
-1.01
Top Gainers Company
CMP
Change
% Chg
BOSCHLTD
21,000.00
993.90
4.76
ICICIBANK
232.85
8.90
3.97
DRREDDY
2,975.00
106.30
3.71
93.75
2.15
2.35
929.05
21.20
2.34
CMP
Change
% Chg
799.90 19,716.50 1,331.75 853.30 494.00
17.55 260.35 13.45 9.25 4.20
-2.15 -1.30 -1.22 -1.07 -0.84
Prev. Close
Change
%Chg
929.05 4,055.00 1,151.70 83.45 1,065.55
21.20 96.15 12.90 1.20 11.80
2.34 2.43 1.13 1.46 1.12
PETRONET YESBANK
282.60 954.10
5.55 -2.25
2.00 -0.24
KRBL
273.10
-4.35
-1.57
Symbol
Prev. Close
Change
%Chg
ESSDEE —
79.00
-3.80
-4.59
CMP
Change
% Chg
7900.40 25790.22
+51.55 +193.20
+0.66 +0.75
HINDALCO ASIANPAINT
Top Losers Company
AUROPHARMA EICHERMOT M&M HINDUNILVR AXISBANK
Stocks at 52 Week’s HIGH Symbol
ASIANPAINT BAYERCROP HDFCBANK IBREALEST INDUSINDBK
Stocks at 52 Week’s LOW
Indian Indices Company
NIFTY SENSEX
Call us at +91-731-6642300
DAILY REPORT th
13 MAY 2016
STOCK RECOMMENDATIONS [FUTURE] 1. MOTHERSUMI [FUTURE]
On daily chart Mothersumi created bottom around 250 and in last session we saw short covering for that it rose around 4%, now 269 is strong resistance for it above it we can see level up to 276-279 and above 280 it may come up to 300, so buy above 269 for target of 275 279-300 with stop loss of 265. 2. ASIANPAINTS [FUTURE]
ASIANPAINTS Future made new 52 week high of 935.95 but if we see to daily chart it is creating third top form last two time 52 week highs so as compare to long position here risk reward ratio will be favorable in short which will be confirm below 919 for target of 900 875 850 with stop loss of 936. YOUR MINTVISORY
STOCK RECOMMENDATION [CASH] 3. COX&KINGS
In short term COX&KINGS created double bottom pattern on daily chart and the breakout will be confirm above 181 while in last session it finished at 180.20 so we advise to buy it above 181 for target of 187 190 200 with stop loss of 174.90 MACRO NEWS Retail inflation CPI for April accelerated to 5.39% as compared to 4.83% in March, while the IIP for March, decreased sharply to 0.1% versus 2% in February. MSCI India Index Additions: Bajaj Fin, Havells India, Titan, Yes Bank, MSCI India Index Deletions: R Com, REC, United Breweries ED seeks Interpol arrest warrant against Vijay Mallya Sebi may exempt bourses from giving 25% profit to SGF Solar power tariff may stabilise at Rs 4.7-5/unit: Report Bribery eats up 2% of global economy: IMF M&M launches dual variants of its compact SUV TUV300 Indian Bank revises interest rates on home, car loans Capital Float raises $25mn from Creation Investments Oil supply grows in India, falls at global level: IEA Iran ends free shipping of oil to India CIL to hold e-auction for power producers on May 24-25 Nalco signs MoU with BARC for research and development Sanofi recalls some batches of painkiller Combiflam in India IDFC Alternatives raises Rs 475 crore through realty fund Ranbaxy whistleblower Dinesh Thakur may join PIL in Supreme Court Chemical cos Dumping duty likely on chemical from US, China Call us at +91-731-6642300
DAILY REPORT th
FUTURES & OPTIONS
13 MAY 2016
MOST ACTIVE CALL OPTION Symbol
Op- Strike tion Price Type
LTP
Traded Volume (Contracts)
Open Interest
NIFTY
CE
7,800 100.75
2,49,006
36,36,525
NIFTY
CE
8,000 33.05
1,86,456
53,60,925
BANKNIFTY
CE
17,000 112.00
45,177
5,70,120
SBIN
CE
190
4.00
2,837
25,86,000
ICICIBANK
CE
250
0.70
2,766
54,94,400
HEROMOTO
CE
3,000 53.40
2,717
2,49,600
HDFC
CE
1,160 29.00
2,697
1,68,400
TATASTEEL
CE
7.20
2,604
20,46,000
LTP
Traded Volume (Contracts)
Open Interest
350
STOCKS IN NEWS Cairn extends repayment of $1.25bn loan by two years Essar Power expects to make profits in FY17 Nestle Q1 net slips 19%, co says Maggi issue impacts results ICICI Bank Reduces equity in overseas units PTC India Financial Q4 NII Up 50.2% to Rs 134.8 cr vs Rs 89.8 cr Net profit Up 209.8% to Rs 49 cr vs Rs 15.8 cr Glenmark Q4 Cons Net Profit At Rs 143 Cr Vs Rs 10.6 Cr Dr Reddy's Q4 net tanks 86%, hit by one-time Venezuela write-off NIFTY FUTURE
MOST ACTIVE PUT OPTION Symbol
Op- Strike tion Price Type
NIFTY
PE
7,700 87.50
2,30,713
43,73,325
NIFTY
PE
7,600 57.70
1,69,933
33,71,550
BANKNIFTY
PE
16,000 183.70
37,054
4,34,970
SBIN
PE
170
3.00
1,729
19,08,000
HEXAWARE
PE
200
1.90
1,619
6,02,000
ICICIBANK
PE
210
4.90
1,445
26,21,400
AXISBANK
PE
460 11.25
1,383
10,18,000
SBIN
PE
175
1,193
9,00,000
4.60
Nifty future in last trading session remained volatile. Nifty kept moving both upside and downside and finally closed with bullish candle. Nifty has strong resistance around 7990 till than it seems to b up. So we advise you to buy nifty from around 7930 for the targets of 7980 and 8050 with strict stop loss of 78050
FII DERIVATIVES STATISTICS BUY
SELL
OPEN INTEREST AT THE END OF THE DAY
No. of Amount in No. of Amount in No. of Contracts Crores Contracts Crores Contracts
Amount in Crores
NET AMOUNT
INDEX FUTURES
27805
1569.02
20232
1148.94
239793
13908.79
420.08
INDEX OPTIONS
464316
26834.46
463588
26793.04
1153551
67686.81
41.42
STOCK FUTURES
81280
4023.15
72417
3683.41
1017062
49330.91
339.73
STOCK OPTIONS
46966
2280.03
46302
2245.38
74790
3695.26
34.65
TOTAL
835.89
INDICES BANKNIFTY NIFTY YOUR MINTVISORY
R2
R1
PIVOT
S1
S2
17071.45
16997.00
16888.00
16814.00
16705.45
7960.97
7930.13
7889.00
7859.00
7818.00
Call us at +91-731-6642300
DAILY REPORT th
13 MAY 2016
MCX
RECOMMENDATIONS GOLD
TRADING STRATEGY: BUY GOLD JUNE ABOVE 29980 TARGET 30070 30200 SL 29850 SELL GOLD JUNE BELOW 29700 TARGET 29600 26500 SL 29800 SILVER
TRADING STRATEGY: BUY SILVER JUNE ABOVE 40910 TARGET 41100 41400 SL 40750 SELL SILVER JUNE BELOW 40650 TARGET 40500 40250 SL 40856
YOUR MINTVISORY
COMMODITY ROUNDUP The enthusiasm with which investors renewed their appetite for gold ETFs in Q1 saw prices of the yellow metal (in US dollar terms) rally 17 per cent in in the first quarter of calendar year 2016 (CY16), says the latest World Gold Council report. Gold closed the quarter at $1,237/oz, 17 per cent above the end-2015 price of $1,060/oz. Gold demand, on the other hand, grew 21 per cent to 1,289.8 tonnes - the strongest Q1 on record. Inflow into gold exchange traded funds (ETFs) at 363.7 tonnes in the first quarter of calendar year 2016 (CY16) also hit a seven-year high. Oil prices advanced in the US, with Brent crude futures settling up 48 cents at USD 48.08 a barrel, while US crude futures finished up 47 cents to USD 46.70. Indian Copper showed minor gains and recovered after witnessing carnage this week. The hopes of positive opening in the US markets and cues from International exchanges was supported Copper in domestic markets as well. In separate news, Norilsk Nickel released the statistics 1th quarter of this year, company's nickel production amounted to 64,000 tons, down by 6% year on year. Company's own supply of nickel ore to reach 52,000 tons, down by 5% year on year. For supply decline is mainly due to Polar division reconfigured to increase transit volume of semi-finished products and raw materials; reducing the KolaMMC low-profit processing. Meanwhile, Norilsk Nickel Harjavalta produces about 12,000 tons of nickel, an increase of 4% year on year. On COMEX, Copper was trading at 0.69% to $ 2.11 per pound. The prices of Copper tested a high of $ 2.13 per pound, and a low of $ 2.095 per pound. Indian Copper was up 0.91% to Rs 315.30 per kg. The prices tested a high of Rs 317.45 per kg and a low of Rs 313.25 per kg. Tracking gains in base metals overseas and better domestic demand, zinc futures today edged up by 1.01% to Rs 125.25 per kg as speculators enlarged positions. At the MCX zinc for delivery in current month moved up by Rs 1.25, or 1.01%, to Rs 125.25 per kg, with a business turnover of 614 lots. The metal for delivery in October rose by a similar margin to trade at Rs 125.20 per kg in a business volume of 10 lots. Apart from improved demand in the domestic spot market, a firming trend in select base metals overseas as data showing firming inflation eased demand concerns in China, the world's biggest user, mainly influenced zinc prices at futures trade. Globally, zinc for delivery in three months gained 0.7% to settle at $1,848 per tonne on the London Metal Exchange in yesterday's trade.
Call us at +91-731-6642300
DAILY REPORT th
13 MAY 2016
NCDEX
RECOMMENDATIONS DHANIYA
BUY CORIANDER JUN ABOVE 7400 TARGET 7445 7545 SL BELOW 7335 SELL CORIANDER JUN BELOW 7295 TARGET 7250 7150 SL ABOVE 7360 GUARGUM
NCDEX INDICES Index
Value
% Change
BARLEY CHANA CORIANDER COTTON SEED GUAR SEED JEERA MUSTARDSEED REF SOYA OIL SUGAR M GRADE TURMERIC
1530 5638 7332 2219 3145 16710 4334 646 3365 8536
+1.09 -0.42 +3.21 +1.05 +0.45 +0.75 -0.96 -0.46 +0.96 +1.31
India's edible oil import bill is likely to rise by 15-20 per cent this oil year (Nov '15-Oct '16), on a sharp increase in the price of crude palm oil in global markets and a widening supply deficit here. A fall in production from local sources, and a spurt in demand on subdued prices over the past year, has widened the deficit in India. the country imported 14.5mt of vegetable oil (edible and non-edible) worth Rs 60,000 crore in oil year 2014-15. This is likely to rise to 16 mt worth Rs 75,000 crore by the end of the current oil year in October. The CPO price in November was around 2,100 ringgit a tonne in Malaysia, after declining to a severalyears low of 1,800 ringgit a month before. It recovered from this to trade currently at 2,685 ringgit a tonne. From the lowest level, the price is up 49 percent The Maharashtra government Wednesday demanded the Centre to release 10,000 tonnes of tur dal immediately from the buffer stock to meet the requirement of pulses in the state. Keeping in view the state's monthly tur demand of 7,000 tonnes, the state government had sought for 28,000 tonnes of the dal from the buffer stock created by the Centre, but it has been offered only 7,000 tonnes. The pulses issue was raised by Maharashtra's Food and Civil Supplies Minister Girish Bapat in a meeting with Union Food Minister Ram Vilas Paswan held in New Delhi.
BUY GUARGUM JUN ABOVE 5560 TARGET 5610 5680 SL BELOW 5500 SELL GUARGUM JUN BELOW 5350 TARGET 5300 5230 SL ABOVE 5410 YOUR MINTVISORY
Maharashtra is likely to receive 27% more rainfall than the annual average this monsoon, according to a latest update from the Meteorological Department (IMD). Heavy rainfall is anticipated in months of July and August across the state, the release said. Monsoon is expected to turn in a good performance after two consecutive years of drought. The Met department has already noted that Monsoon will be 106% of the LPA. There is 94% probability that monsoon will be normal to excess this year. By and large, there will be fair distribution of monsoon across the country. Call us at +91-731-6642300
DAILY REPORT th
13 MAY 2016
CURRENCY RBI Reference Rate
Currency
Rate Currency
Rate
Rupee- $
66.5977 Yen-100
61.1600
Euro
76.0612 GBP
96.1538
USD/INR
CURRENCY MARKET UPDATES: The US dollar retreated from early day gains against a basket of currencies on Thursday, ahead of the weekly U.S. jobless claims report. The dollar index, which measures the greenback's strength against a trade-weighted basket of six major currencies, was up at 94.09. The European unit edged down 0.14% to 1.1409 versus the greenback. USD/JPY gained 0.53% to 108.98. Sentiment on the yen remained fragile since Japanese Finance Minister Taro Aso said on Monday that financial authorities are prepared to intervene in the currency market if excessive moves in the yen are enough to affect the country's economy. However, Bank of Japan Governor Haruhiko Kuroda said earlier Thursday that it would be difficult for Japan's finance ministry to intentionally weaken the yen to boost exports.
BUY USD/INR MAY ABOVE 66.88 TARGET 67.01 67.16 SL BELOW 66.68 SELL USD/INR MAY BELOW 66.72 TARGET 66.59 66.44 SL ABOVE 66.92 EUR/INR
The pound erased losses against the U.S. dollar on Thursday, after the Bank of England voted to leave its monetary policy unchanged, in a widely expected move. GBP/USD hit 1.4496, the pair's highest since May 6; the pair subsequently consolidated at 1.4478, adding 0.21%. The Japanese yen traded at 108.91 against the dollar as of 8:35 a.m. HK/SIN, after closing the previous session at 109.01. The Indian rupee today fell by 6 paise to close at 66.62 against the US currency on fresh dollar demand from banks and importers on the back of higher greenback in the overseas market amid recovery in the domestic equities. The rupee opened lower at 66.62 as against yesterday’s closing level of 66.56 at the Interbank Foreign Exchange Market and moved down further to 66.6825 on initial dollar demand from banks and importers. Later, it trimmed its earlier losses and recovered to 66.5350 in view of recovery in the equity market before ending at 66.62 per dollar, a loss of 6 paise or 0.09 per cent. It moved in a range of 66.5350 and 66.6825 per dollar during the day.
BUY EUR/INR MAY ABOVE 76.35 TARGET 76.5 76.7 SL BELOW 76.15 SELL EUR/INR MAY BELOW 76.12 TARGET 75.97 75.77 SL ABOVE 76.32 YOUR MINTVISORY
Foreign capital outflows also affected the rupee value against the dollar. Foreign Portfolio Investors and Foreign Institutional Investors sold shares worth a net Rs 362.19 crore yesterday as per the provisional data issued by stock exchanges. Call us at +91-731-6642300
DAILY REPORT th
13 MAY 2016
Date
Commodity/ Currency Pairs
Contract
Strategy
Entry Level
Target
Stop Loss
Remark
12/05/16
NCDEX DHANIYA
JUNE
BUY
7210
7255-7355
7145
BOOKED FULL PROFIT
12/05/16
NCDEX DHANIYA
JUNE
SELL
7100
7055-6955
7165
NOT EXECUTED
12/05/16
NCDEX GUARGUM
JUNE
BUY
5560
5610-5680
5500
NOT EXECUTED
12/05/16
NCDEX GUARGUM
JUNE
SELL
5350
5300-5230
5410
NOT EXECUTED
12/05/16
MCX GOLD
JUNE
BUY
29950
300020-30120
29850
BOOKED PROFIT
12/05/16
MCX GOLD
JUNE
SELL
29700
29620-29520
29800
NOT EXECUTED
12/05/16
MCX SILVER
JUNE
BUY
41400
41600-41900
41100
SL TRIGGERED
12/05/16
MCX SILVER
JUNE
SELL
41100
40900-40600
41400
BOOKED PROFIT
Date
Scrip
CASH/ FUTURE/ OPTION
Strategy
Entry Level
Target
Stop Loss
Remark
12/05/16
NIFTY
FUTURE
BUY
7890
7950-8050
7790
BOOKED PROFIT
12/05/16
RELIANCE
FUTURE
SELL
985-988
975-965
1000
CALL OPEN
12/05/16
TATAMTRDVR
FUTURE
SELL
268
264-260
271
NOT EXECUTED
12/05/16
EVEREADY
CASH
BUY
233235
241-250
228
NOT EXECUTED
11/05/16
NIFTY
FUTURE
BUY
7900
7960-8050
7820
CALL OPEN
11/05/16
ENGINERSIN
FUTURE
BUY
183
187-192
179.5
BOOKED PROFIT
YOUR MINTVISORY
Call us at +91-731-6642300
DAILY REPORT th
ECONOMIC CALENDAR
13 MAY 2016
NEXT WEEK'S U.S. ECONOMIC REPORTS TIME
REPORT
PERIOD
ACTUAL
CONSENSUS FORECAST
PREVIOUS
MONDAY, MAY 09 NONE SCHEDULED TUESDAY, MAY 10 6 AM
NFIB SMALLL BUSINESS INDEX
APRIL
--
92.6
10 AM
JOB OPENINGS
MARCH
--
5.4 MLN
10 AM
WHOLESALE INVENTORIES
MARCH
--
-0.5%
--
$158 BLN
WEDNESDAY, MAY 11 2 PM
FEDERAL BUDGET
APRIL THURSDAY, MAY 12
8:30 AM
WEEKLY JOBLESS CLAIMS
MAY 7
N/A
N/A
8:30 AM
IMPORT PRICE INDEX
APRIL
--
0.2%
FRIDAY, MAY 13 8:30 AM
RETAIL SALES
APRIL
0.8%
-0.3%
8:30 AM
RETAIL SALES EX-AUTOS
APRIL
0.7%
0.2%
8:30 AM
PRODUCER PRICE INDEX
APRIL
0.3%
-0.1%
10 AM
CONSUMER SENTIMENT
MAY
--
89.0
10 AM
BUSINESS INVENTORIES
MARCH
--
-0.1%
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