DAILY REPORT th
24 DEC. 2015
Global markets at a glance
World Indices
European shares surged on Wednesday, boosted by gains
Index
in commodities stocks on the back of stronger metals and crude oil prices and signs of more economic stimulus measures in China, the world's largest metals consumer. In the last full trading session before the Christmas holiday break,
Value
% Change
DJl S&P 500 NASDAQ FTSE 100 Nikkei 225
17602.61 2064.29 5045.93 6240.98 18935.65
1.06 1.24 0.90 2.60 0.26
Hong Kong
22157.81
0.53
Top Gainers Asian shares were higher in early Asian trade on Thursday,
Company
CMP
Change
% Chg
heartened by gains on Wall Street and a recovery in crude
GAIL
359.00
20.60
6.09
oil prices in thin trading ahead of this week's Christmas
HINDALCO
84.20
4.60
5.78
VEDL
89.45
3.40
3.95
BHEL
172.40
6.45
3.89
SUNPHARMA
792.75
29.05
3.80
holiday.
Previous day Roundup
Top Losers the benchmark S&P BSE Sensex bounced back by about 260
Company
points to close at a nearly three-week high of 25,850.30
M&M
1249.15
-7.40
0.59
driven by positive overseas leads on upbeat US data on
ASIANPAINT
876.70
-4.25
0.48
growth and consumer spending. The broader NSE Nifty
ADANIPORTS
256.40
-1.20
0.47
again cracked above the 7,800-mark as investors firmed up
BPCL
899.10
-3.60
0.40
BAJAJ AUTO
2468.20
-8.05
0.33
their bets. The 30-share Sensex settled higher by 259.65
Symbol
December. The index had shed 145.25 points, or 0.56%, in
ARVIND AUROPHARMA BAJAJFINANCE BERGERPAINT
7,800-level to hit a high of 7,871.45 before closing the day at 7,865.95, up 79.85 points, or 1.03%.
GPPL INDIANBANK J&KBANK KSCL
Prev. Close
Change
%Chg
332.20 840.60 5895.45 251.85
1.80 29.35 28.55 3.05
0.54 3.49 0.48 1.21
Prev. Close
Change
%Chg
146.90 113.40 76.20 348.15
-2.55 -0.60 -1.10 -6.45
-1.74 -0.53 -1.44 -1.85
CMP
Change
% Chg
7,865.95 25,850.30
79.85 256.65
1.03 1.01
Indian Indices Company
NIFTY SENSEX YOUR MINTVISORY
% Chg
Stocks at 52 Week’s LOW Symbol
Index stats The Market was very volatile in last session. The sartorial indices performed as follow; Consumer Durables [down pts], Capital Goods [down pts], PSU [down pts], FMCG [down Pts], Realty [down Pts], Power [down pts], Auto [down Pts], Healthcare [down Pts], IT [up pts], Metals [up Pts], TECK [down pts], Oil& Gas [down pts].
Change
Stocks at 52 Week’s HIGH
points, or 1.01%, at 25,850.30—its highest closing since 3 Tuesday’s trade. The 50-share NSE Nifty reclaimed the
CMP
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DAILY REPORT th
24 DEC. 2015
STOCK RECOMMENDATIONS [FUTURE] 1. BHARTIAIRTEL [FUTURE]
STOCK RECOMMENDATION [CASH] 3. TAKE SOLUTION
we can see todays performance TAKE has taken a reverse today from its good support of 165 which it is maintaining from last two months and also near a good resistance of 176 now, if closes above this level then targets upto 200 can be seen in the stock so as we can see todays performance TAKE has taken a reverse today from its good support of 165 which it is maintaining from last two months and also near a good resistance of 176 now, if closes above this level then targets upto 200 can be seen in the stock so buy it above 176 target 180 185 with stop loss of 172.
BHARITARTL Future given breakout of rounding bottom pattern & cross upper trend line but it rose with short covering since it given breakout so we can see fresh participation in Bharti Airtel, so buy it above 333 for target of 338 343 355 with stop loss of 326.50. 2. GAIL INDIA [FUTURE]
MACRO NEWS During the first half of the current fiscal, the risks for business of scheduled commercial banks in India increased due to deterioration of asset quality, the Reserve Bank of India (RBI) said on Wednesday. There was also decline in bank deposits, credit growth and increase in stressed assets, the RBI said.
At last session GAIL Future was the top gainers it finished above 200DMA with 5.65% gain after gap up opening it continuously rose & finished near to breakout level of 360, since the OI also rose with 5% so buy it above 360 for target of 365 370 375 with stop loss of 355.
YOUR MINTVISORY
India’s gold import bill rose 19 per cent in the first half of the current financial year (April 1 to September 30), despite government efforts to reduce this. The balance of payments data, issued on Tuesday, showed $17.5 billion (Rs 1.16 lakh crore) of import in the period, from $14.65 bn in the corresponding period last year.
Q3 estimate shows US economy growing at 2%.
Too much of financial inclusion push can hurt banking sector. Call us at +91-731-6642300
DAILY REPORT FUTURE & OPTION
th
24 DEC. 2015
MOST ACTIVE CALL OPTION Symbol
Op- Strike tion Price Type
LTP
Traded Volume (Contracts)
Open Interest
NIFTY
CE
7,900 31.75
3,81,204
57,04,800
NIFTY
CE
8,000
9.7
2,75,966
75,32,550
BANKNIFTY
CE
17,000
83
85,027
5,78,700
DLF
CE
120
1.25
3,193 97,05,000
SUNPHARMA
CE
800
7.40
3,544
RELIANCE
CE
RCOM
CE
90
0.75
2,188 83,76,000
TATASTEEL
CE
270
2.45
2,670 26,72,000
1,000 14.00
7,56,000
3,181 12,58,500
STOCKS IN NEWS Piramal buys 5 OTC brands from Merck for Rs 92 cr Wipro to buy US firm Viteos for Rs 860 crore. Tata Steel UK's new rescue hope.
NIFTY FUTURE At last session Nifty Future traded in very narrow range after gap up start, with support of Pharma & Metal it maintain opening gains. Nifty made new last three week high since next session international market is close for that we may see lackluster move in domestic market since 7900 is strong resistance so sell Nifty around 7900 use stop loss of 7950 for target of 7840 7740.
MOST ACTIVE PUT OPTION Symbol
Op- Strike tion Price Type
LTP
Traded Volume (Contracts)
Open Interest
NIFTY
PE
7,800 26.35
3,64,526
50,36,675
NIFTY
PE
7,700
9.60
2,77,894
46,61,350
BANKNIFTY
PE
16,500 34.00
64,121
5,40,360
RELIANCE
PE
1,000
8.25
2,106
5,26,000
SUNPHARMA
PE
760
2.80
1,737
3,97,200
TATASTEEL
PE
260
2.90
1,627
14,32,000
TATASTEEL
PE
250
0.80
1,543
24,36,000
RELIANCE
PE
980
3.35
1,498
6,39,000
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
43388
2513.54
33967
1957.57
246986
14150.56
555.97
INDEX OPTIONS
290003
16733.99
292556
16885.82
1267919
74052.88
-151.83
STOCK FUTURES
99845
4838.73
93819
4588.86
1086276
54101.37
249.87
STOCK OPTIONS
30137
1502.36
30807
1536.84
86765
4255.93
-34.48
TOTAL
619.52
INDICES NIFTY BANK NIFTY YOUR MINTVISORY
R2
R1
PIVOT
S1
S2
7900
7883
7854
7837
7808
16971
16926
16869
16824
16767
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DAILY REPORT th
24 DEC. 2015
RECOMMENDATIONS GOLD
TRADING STRATEGY: BUY GOLD FEB ABOVE 25150 TGTS 25230,25330 SL BELOW 25060 SELL GOLD FEB BELOW 24800 TGTS 24720,24620 SL ABOVE 24890 SILVER
TRADING STRATEGY: BUY SILVER MAR ABOVE 34300 TGTS 34100,33800 SL BELOW 34000 SELL SILVER MAR BELOW 33700 TGTS 33500,33200 SL ABOVE 34000
YOUR MINTVISORY
COMMODITY ROUNDUP Copper prices were silently trading at the rate of Rs 313.05 per kg, up 0.08%. The prices have seen a sharp swing in last few days. However the prices will be eyeing for the latest report from WBMS and year ending lull. Copper and other metals will also face global rebalancing at the start of the year, when stakeholders analyze their existing portfolios. The latest report of World Bureau of Metal Statistics (WBMS) has been released. The copper market recorded a surplus of 266000 tonnes in January to October 2015 which follows a surplus of 298000 tonnes in the whole of 2014. Reported stocks fell during October and closed 204000 tonnes higher than at the end of December 2014.
The latest report of World Bureau of Metal Statistics (WBMS) has been released. The lead market was in surplus by 8000 tonnes in January to October 2015 which follows a deficit of 35.1 kt recorded in the whole of 2014. Total stocks at the end of October were 138000 tonnes lower than at the end of 2014. No allowance is made in the consumption calculation for unreported stock changes. World refined production during January to October 2015 from both primary and secondary sources was 8270 kt which was 8.3 per cent lower than in the comparable months of 2014. Global demand was 791 kt lower.
Supportive equities have pulled Gold towards $1070 mark. Mining companies led gains for European equities as copper prices rose in global commodities markets. Stocks stayed supported in US yesterday following a steady uptick in US GDP data. The second revision to third-quarter US GDP was up 2.0%, year-on-year, which was a bit higher than expectations of a 1.9% increase. The initial 3Q GDP report showed a rise of 2.1%. The metal mostly stayed on a downward trajectory today and currently trades at $1071 per ounce, down 0.30%on the day. MCX Gold futures are trading at Rs 25164 per 10 grams, down 0.34% on the day. Gold speculator and large futures traders cut their gold bullish positions last weekend have now decreased gold longs six out of the last seven weeks, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC The non-commercial futures contracts of Comex gold futures, traded by large speculators and hedge funds, totaled a net position of +13,656 contracts in the data reported through December 15th.
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DAILY REPORT th
24 DEC. 2015
NCDEX
RECOMMENDATIONS DHANIYA
NCDEX INDICES Index
Value
% Change
CASTOR SEED
3826
-0.05
CHANA
4955
0.71
CORIANDER
8790
0.14
COTTON SEED
1995
0.66
GUAR SEED
3336
0.69
14565
-0.88
MUSTARDSEED
4572
-0.76
SUGAR M GRADE
3815
0.30
TURMERIC
9836
-0.43
JEERA
BUY CORIANDER JAN ABOVE 8910 TARGET 8955 9105 SL BELOW 8845 SELL CORIANDER JAN BELOW 8750 TARGET 8705 8555 SL ABOVE 8815 GUARGUM
NCDEX ROUNDUP Mentha oil prices were up 0.29% to Rs 909 per kg in futures trading today as speculators created fresh positions, tracking a firming trend at spot market on increased demand from consuming industries.At the Multi Commodity Exchange, mentha oil for delivery in January next year edged up by Rs 2.70, or 0.29% to Rs 909 per kg in a business turnover of 104 lots.Also, oil for delivery this month traded higher by Rs 2.40, or 0.26% to Rs 896 per kg in 101 lots. Market analysts said fresh positions built up by speculators following increased demand from consuming industries at the spot market against less arrivals from Chandausi in Uttar Pradesh, led to rise in mentha oil prices at futures trade. Coriander prices were up 1.61% to Rs 8,920 per quintal in futures trade today as participants widened positions, supported by rising spot demand. At the National Commodity and Derivatives Exchange, coriander for January next year contract was trading Rs 142, or 1.61% higher at Rs 8,920 per quintal with an open interest of 17,020 lots. Similarly, the spice for delivery in April 2016 traded higher by Rs 127, or 1.56%, to Rs 8,268 per quintal, with an open interest of 3,120 lots.Marketmen attributed persistent rise in coriander to pick up in demand at spot market amid export enquiries.
BUY GUARGUM JAN ABOVE 6550 TARGET 6600 6670 SL BELOW 6490 SELL GUARGUM JAN BELOW 6360 TARGET 6310 6240 SL ABOVE 6420
YOUR MINTVISORY
Crude palm oil prices rose 0.48% to Rs 412 per 10 kg in futures trading today as participants indulged in creating positions, driven by pick up in demand in the spot market. Further, firming trend in the overseas market too fuelled the uptrend.
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DAILY REPORT th
24 DEC. 2015
CURRENCY RBI Reference Rate
Currency
Rate Currency
Rate
Rupee- $
66.2150 Yen-100
54.7950
Euro
72.4300 GBP
98.6175
USD/INR
CURRENCY MARKET UPDATES: The US dollar edged slightly higher against a basket of currencies on Wednesday, as investors awaited the release of U.S. durable goods data due later in the day for further indications on the strength of the economy. The dollar index, which measures the greenback's strength against a trade-weighted basket of six major currencies, was at 98.35. Trading volumes are expected to remain light before the end of the year, reducing liquidity in the market and increasing volatility. U.S. markets close early Thursday, Christmas Eve, and are shut Friday for Christmas Day.
BUY USD/INR DEC ABOVE 66.3 TARGET 66.43 66.58 SL BELOW 66.1 SELL USD/INR DEC BELOW 66.11 TARGET 65.98 65.83 SL ABOVE 66.31 EUR/INR
The U.S. is to produce data on durable goods orders amid expectations for a decline of 0.6% in November, following a gain of 2.9% a month earlier, while core orders are forecast to rise 0.1% after increasing 0.5% in October. In addition, the U.S. is release reports on new home sales, consumer sentiment and crude oil inventories.
Data showed that U.S. personal spending inched up by a seasonally adjusted 0.3% last month. Personal spending for October was revised down to a flat reading from a previously reported gain of 0.1%. Consumer spending is the single biggest source of U.S. economic growth, accounting for as much as two-thirds of economic activity.
U.S. economy grew 2.0% in the third quarter, downwardly revised from a preliminary estimate of 2.1%, but above expectations for 1.9%. A separate report showed that existing home sales tumbled 10.5% to a 19-month low of 4.76 million units in November from 5.32 million a month earlier. Investors also continued to focus on the crude oil market, as prices ticked higher for the second straight day, boosting global stocks and supporting sentiment. BUY EUR/INR DEC ABOVE 72.6 TARGET 72.75 72.95 SL BELOW 72.4 SELL EUR/INR DEC BELOW 72.23 TARGET 72.08 71.88 SL ABOVE 72.43 YOUR MINTVISORY
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DAILY REPORT th
24 DEC. 2015
Commodity/ Currency Pairs
Contract
Strategy
Entry Level
Target
Stop Loss
Remark
23/12/15
NCDEX DHANIYA
JAN.
BUY
8800
8845-8995
8735
BOOK PROFIT
23/12/15
NCDEX DHANIYA
JAN.
SELL
8530
8485-8335
8595
NOT EXECUTED
23/12/15
NCDEX GUARGUM
JAN.
BUY
6400
6450-6520
6340
BOOK PROFIT
23/12/15
NCDEX GUARGUM
JAN.
SELL
6250
6200-6130
6310
NOT EXECUTED
23/12/15
MCX GOLD
FEB.
BUY
25500
25580-25670
25400
NOT EXECUTED
23/12/15
MCX GOLD
FEB.
SELL
25300
25220-25130
25400
BOOK PROFIT
23/12/15
MCX SILVER
MAR.
BUY
34400
34700-35000
34100
NOT EXECUTED
23/12/15
MCX SILVER
MAR.
SELL
34100
33900-33600
34400
NOT EXECUTED
CASH/ FUTURE/ OPTION
Strategy
Entry Level
Date
Date
Scrip
Target
Stop Loss
Remark
23/12/15
NIFTY
FUTURE
SELL
7850
7770-7670
7900
OPEN
23/12/15
DLF
FUTURE
SELL
112.50
111.50-109.50
114
NOT EXECUTE
23/12/15
ZEEL
FUTURE
BUY
420
424-430-435
414
OPEN
23/12/15
BERGERPAINT
CASH
BUY
253
257-265
248
BOOK PROFIT
YOUR MINTVISORY
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DAILY REPORT ECONOMIC CALENDAR
th
24 DEC. 2015
NEXT WEEK'S U.S. ECONOMIC REPORTS TIME
REPORT
PERIOD
ACTUAL
CONSENSUS FORECAST
PREVIOUS
MONDAY, DEC. 21 8:30 AM CHICAGO FED NATIONAL ACTIVITY INDEX
NOV.
--
-0.04
TUESDAY, DEC. 22 8:30 AM
GDP
3Q
1.8%
2.1%
10 AM
EXISTING HOME SALES
NOV.
5.36 MLN
5.36 MLN
WEDNESDAY, DEC. 23 8:30 AM
PERSONAL INCOME
NOV
0.2%
0.4%
8:30 AM
CONSUMER SPENDING
NOV.
0.4%
0.1%
8:30 AM
CORE INFLATION
NOV.
0.1%
0.0%
8:30 AM
DURABLE GOODS ORDERS
NOV.
-1.0%
2.9%
10 AM
CONSUMER SENTIMENT
DEC.
--
91.8
10 AM
NEW HOME SALES
NOV.
503,000
495,000
N/A
N/A
THURSDAY, DEC. 24 8:30 AM
WEEKLY JOBLESS CLAIMS
DEC. 19 FRIDAY, DEC. 25
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