1. DAILY REPORT
05
th
MARCH 2015
YOUR MINTVISORY Call us at +91-731-6642300
Global markets at a glance
Asian stocks slipped on Thursday after Wall Street contin-
ued to pull back from record highs ahead of Friday's closely
-watched U.S. jobs data, while the nervous euro languished
at an 11-year low prior to the ECB’s policy meeting. MSCI's
broadest index of Asia-Pacific shares outside Japan MIAP-
J0000PUS shed 0.2%. Japan's Nikkei lost 0.2% and South
Korean and Australian shares posted modest losses.
European shares rallied in late trading on Wednesday and
closed just below multi-year highs, with export-oriented
stocks getting a boost following a sharp decline in the euro
to an 11-1/2-year low against the dollar after U.S. services
data.
Wall Street Update
Stocks fell broadly on U.S. markets on Wednesday, as the
Dow Jones Industrial Average recorded its first triple-digit
drop in more than six weeks following the release of a
flurry of mixed economic data. In U.S. morning trading,
stocks on the DJI Average fell approximately 175 pts before
rallying slightly in the afternoon after the U.S. Services Sec-
tor reported its highest activity level since October. The
Dow closed down for the second straight day, falling 0.58%
or 106.47 points to 18,096.90. NASDAQ Composite index
dropped for the second consecutive day after cracking the
5,000 barrier on Monday and S&P 500 index closed down
for the fifth time in six days. The NASDAQ Composite index
fell 0.26% or 12.76 to 4,967.14, while the S&P 500 dropped
0.44% or 9.25 to 2,098.53.
Previous day Roundup
Late sell-off drags the market sharply, in one of the biggest
fall after Budget proposals were presented in the Parlia-
ment. The Sensex ended down 213.00 points or 0.7% at
29380.73 and the Nifty slipped 73.60 points or 0.8 percent
at 8922.65. About 1015 shares advanced, 1891 shares de-
clined and 186 shares were unchanged.
Index stats
The Market was very volatile in last session. The sartorial
indices performed as follow; Consumer Durables [down
79.15pts], Capital Goods [down 82.64pts], PSU [down
142.88pts], FMCG [up 72.61pts], Realty [up 0.28pts], Power
[down 30.06pts], Auto [down 151.87Pts], Healthcare [up
204.32pts], IT [down 122.48pts], Metals [down 254.48pts],
TECK [down 52.69pts], Oil& Gas [down 131.66pts].
World Indices
Index Value % Change
D J l 18098.90 -0.58
S&P 500 2098.53 -0.44
NASDAQ 4967.14 -0.26
EURO STO 3583.44 +0.97
FTSE 100 6919.24 +0.44
Nikkei 225 18735.28 +0.17
Hong Kong 24340.06 -0.51
Top Gainers
Company CMP Change % Chg
SUNPHARMA 1,005.00 61.95 6.57
DLF 154.10 2.80 1.85
ITC 345.10 3.55 1.04
HCLTECH 2,040.00 8.80 0.43
HDFC 1,372.00 3.95 0.29
Top Losers
Company CMP Change % Chg
SSLT 211.50 10.55 -4.75
NMDC 132.30 6.00 -4.34
BANKBARODA 180.20 7.00 -3.74
CAIRN 243.65 9.40 -3.71
HINDALCO 153.00 5.70 -3.59
Stocks at 52 Week’s Low
Symbol Prev. Close Change %Chg
AMTEKINDIA 59.35 -1.75 -2.86
EDUCOMP 20.60 -0.90 -4.19
Indian Indices
Company CMP Change % Chg
NIFTY 8922.65 -73.60 -0.82
SENSEX 29380.73 -213.00 -0.72
Stocks at 52 Week’s High
Symbol Prev. Close Change %Chg
ACC 1,725.25 -33.05 -1.88
AXISBANK 610.00 -21.40 -3.39
BPCL 767.70 -13.10 -1.68
CIPLA 730.00 -1.90 -0.26
HDFC 1,372.00 3.95 0.29
HDFCBANK 1,067.20 -16.15 -1.49
2. DAILY REPORT
05
th
MARCH 2015
YOUR MINTVISORY Call us at +91-731-6642300
STOCK RECOMMENDATIONS [FUTURE]
1. RANBAXY [FUTURE]
RANBAXY FUTURE is looking strong on charts, long build up
has been seen, we may see more upside, if it sustains above
780 levels. We advise buying around 780 levels with strict
stop loss of 765 for the targets of 790-800 levels.
2. JP ASSOCIAT [FUTURE]
JP ASSOCIATE FUTURE is looking strong on charts, long build
up has been seen, we may see more upside, if it sustains
above 30 levels. We advise buying above 30 levels with
strict stop loss of 28 for the targets of 32-34 levels.
EQUITY CASH & FUTURE
STOCK RECOMMENDATION [CASH]
1. GOA CARBON (CASH)
GOA CARBON is looking strong on charts, if it sustains
above 90 levels. We advise buying around 87-90 levels
with strict stop loss of 84 for the targets of 93-96 levels.
MACRO NEWS
Lok Sabha yesterday passed the Coal Mines bill to allow
e-auction of coal blocks after the SC cancelled their allo-
cation leading to uncertainty in the coal sector, amid
opposition by Left and some other parties. The Coal
Mines Bill, 2015, would replace two ordinances issued by
govt - the first on Oct 21 last year and the other in Dec,
after apex court cancelled the allocation of 204 blocks.
Government on Wednesday began the second round of
coal mine auctions by putting on offer four blocks – all in
Jharkhand – with firms including Adani Power , JSW
Steel , SAIL and BALCO in the race.
Services sector expanded rapidly in Feb at fastest growth
rate in eight months, driven by significant rise in new
business orders even as jobs fell marginally in the sector
Cairn India would cut spending by about 60 percent for
the fiscal year starting April 1, as falling oil prices hurt
profitability and make project expansions unviable.
Telecom auction gets Rs 60,000cr bids on first day
Rel Infra acquires Pipavav Defence and Offshore Engi-
neering Co
Board Approves Demerger Of Infra Business To Jindal
Saw Board Approved Demerger Of Waterway Biz To Jin-
dal Saw Listed NCDs Carrying Coupon Of 12% Issued By
Co Do Not Form Part Of Both Divests.
3. DAILY REPORT
05
th
MARCH 2015
YOUR MINTVISORY Call us at +91-731-6642300
FUTURE & OPTION
MOST ACTIVE PUT OPTION
Symbol Op-
tion
Type
Strike
Price
LTP Traded
Volume
(Contracts)
Open
Interest
NIFTY PE 9,000 148.3 6,81,269 22,96,825
NIFTY PE 8,900 103.3 6,11,331 19,31,875
NIFTY PE 8,800 71 5,26,316 40,31,600
BANKNIFTY PE 19,000 180 62,644 3,59,050
SBIN PE 290 7.85 4,909 16,06,250
AXISBANK PE 600 14.75 3,921 7,87,500
RELIANCE PE 900 24.35 3,343 3,17,500
LT PE 1,800 34.7 3,117 2,19,250
MOST ACTIVE CALL OPTION
Symbol Op-
tion
Type
Strike
Price
LTP Traded
Volume
(Contracts)
Open
Interest
NIFTY CE 9,200 31.35 10,00,628 40,59,350
NIFTY CE 9,300 15.25 6,64,357 30,94,525
NIFTY CE 9,100 59 6,63,737 36,72,450
BANKNIFTY CE 21,000 76 99,988 5,05,450
SBIN CE 310 4.45 9,834 50,95,000
JPASSOCIAT CE 30 0.95 8,874 99,04,000
SBIN CE 320 2.6 8,323 50,86,250
ITC CE 360 5.95 7,149 36,82,000
FII DERIVATIVES STATISTICS
BUY OPEN INTEREST AT THE END OF THE DAYSELL
No. of
Contracts
Amount in
Crores
No. of
Contracts
Amount in
Crores
No. of
Contracts
Amount in
Crores
NET AMOUNT
INDEX FUTURES 96881 2687.18 105744 2690.62 985769 23455.82 -3.45
INDEX OPTIONS 994106 26190.61 945045 25114.08 1825184 52707.25 1076.53
STOCK FUTURES 113075 3703.25 105598 3500.34 1952873 60127.44 202.90
STOCK OPTIONS 97417 3146.97 98330 3179.31 93032 2924.57 -32.34
TOTAL 1243.65
STOCKS IN NEWS
SPARC, the subsidiary of pharma major, has received
approval from US Food and Drug Administration
(USFDA) for antiepileptic drug.
Axis Bank raises $250m via bonds
BHEL weighs it’s options beyond power equipment. Co
is getting into guns & submarines
M&M is experimenting with driverless cars. It’s at an
early concept stage
Tata Steel Canadian facility to start operations by
month end
Mahindra Holidays in plans to invest Rs 500 Cr Consid-
ering addition of 500 rooms in seven to eight new loca-
tions over the next couple of years
NIFTY FUTURE
Nifty Future closed downside in the last trading session.
We advise selling around 8925-8915 with strict stop loss
8865 for the targets of 8975-9025.
INDICES R2 R1 PIVOT S1 S2
NIFTY 9,203.85 9,063.25 8,978.60 8,838.00 8,753.35
BANK NIFTY 20,900.10 20,272.00 19,913.55 19,285.45 18,927.00
4. DAILY REPORT
05
th
MARCH 2015
YOUR MINTVISORY Call us at +91-731-6642300
RECOMMENDATIONS
GOLD
TRADING STRATEGY:
BUY GOLD APR ABOVE 26600 TGTS 26680,26780 SL BE-
LOW 26500
SELL GOLD APR BELOW 26400 TGTS 26320,26220 SL
ABOVE 26500
SILVER
TRADING STRATEGY:
BUY SILVER MAR ABOVE 36600 TGTS 36800,37100 SL BE-
LOW 36300
SELL SILVER MAR BELOW 36300 TGTS 36100,35800 SL
ABOVE 36300
COMMODITY ROUNDUP
Gold futures showed nervousness ahead of release of a
batch of economic data such as ADP employment report,
Fed's Beige book and US ISM non-manufacturing index
slated to come out later today. US gold slipped for the
straight third session triggered by higher dollar val-
ues. COMEX Gold for the April delivery quotes at $1,203.80
an ounce, down $.60 and the Silver May delivery quotes at
$16.278, down 1.8 cents an ounce. MCX gold surged on the
back of weak local currency against the green back. The
MCX Gold for April delivery quotes at Rs 26511, up 0.32%
and the Silver May delivery quotes at Rs 36662, up 0.54%.
Oil prices was silent in the early European trades on
Wednesday from the previous session's tumble, lifted by
fighting that threatened Libya's oilfields. On the New York
Mercantile Exchange, the price of WTI crude oil for delivery
in April was quoted at $50.56 a barrel, up 4 cents.
The availability of iron ore is likely to improve in the next
financial year in Karnataka as another 8-10 mines on lease
are set to start production. The Karnataka govt recently ex-
tended the leases of eight expired ones according to the
provisions of Mines and Minerals (Development and Regula-
tion) Amendment (MMDRA) Ordinance issued on January
12. These eight mines, once they start production, will add
2.5 million tonnes (mt) of ore to the market in Karnataka.
Buoyed by a rebound in base metals overseas, nickel prices
were up by 0.46% to Rs 854.20 per kg in futures trading as
speculators created fresh positions. Besides, rising demand
at domestic spot markets from alloy-makers supported up-
side. At MCX nickel for delivery in March rose by Rs 3.90, or
0.46%, to Rs 854.20 per kg in business turnover of 2,125
lots. Metal for delivery in April too was trading Rs 3.50, or
0.41% higher at Rs 861.70 per kg in 39 lots. A firming at LME
as investors look ahead to jobs data from US and growth
targets from China mainly led to rise in nickel futures.
Silver prices recovered by Rs 94 to Rs 36,560 per kg in fu-
tures trading yesterday as speculators created fresh posi-
tions amidst a firming trend in overseas markets. At the
Multi Commodity Exchange, silver for delivery in May rose
by Rs 94, or 0.25%, to Rs 36,560 per kg in a business turn-
over of 1,029 lots.
5. DAILY REPORT
05
th
MARCH 2015
YOUR MINTVISORY Call us at +91-731-6642300
RECOMMENDATIONS
DHANIYA
BUY CORIANDER APRIL ABOVE 6310 TARGET 6360 6420 SL
BELOW 6260
SELL CORIANDER APRIL BELOW 6250 TARGET 6200 6140 SL
ABOVE 6300
GUARSGUM
BUY GUARGUM MARCH ABOVE 9230 TARGET 9280 9340 SL
BELOW 9180
SELL GUARGUM MARCH BELOW 8900 TARGET 8850 8790
SL ABOVE 8950
NCDEX
NCDEX ROUNDUP
Turmeric futures gained on the back of bargain buying at
lower side on the back of projected weak crop. The NCDEX
turmeric for the April delivery settled the day at Rs 8444, up
Rs 56 or 0.67%. Fresh crop arrivals will pick up from second
week of March as the harvesting is under process and crop
size is seen lower. New arrivals will keep prices weak in near
term. Turmeric futures gained on the back of bargain buy-
ing at lower side on the back of projected weak crop. The
NCDEX turmeric for the April delivery settled the day at Rs
8444, up Rs 56 or 0.67%. Fresh crop arrivals will pick up
from second week of March as the harvesting is under proc-
ess and crop size is seen lower. New arrivals will keep prices
weak in near term.
UK farmers appear not to have turned their back on rape-
seed by as much as had been thought, but have cut back
deeply on winter wheat, potentially a reflection of a drive to
control a pernicious weed. Autumn sowings of rapeseed in
England and Wales, which between them typically account
for some 95% of UK production of the oilseed, were, at
633,000 hectares, down only some 0.6% year on year.
Barley, which has a relatively short growing season, is an
early harvested grain, in turn allowing a rapid start to au-
tumn plantings, an advantage for rapeseed, which has an
early sowing window. Indeed, barley itself has grown in
popularity, with winter sowings in England and Wales esti-
mated at 371,000 hectares as of the start of December,
NCDEX INDICES
Index Value % Change
CAETOR SEED 3666 +0.22
CHANA 3672 -0.33
CORIANDER 6275 +0.95
COTTON SEED 1512 -0.33
GUAR SEED 3812 +2.20
JEERA 14485 -2.95
MAIZE 1272 +1.03
MUSTARDSEED 3395 +0.24
SOY BEAN 3365 -0.30
TURMERIC 8444 +0.67
6. DAILY REPORT
05
th
MARCH 2015
YOUR MINTVISORY Call us at +91-731-6642300
USD/INR
BUY USDINR MARCH ABOVE 62.65 TGT 62.78,62.93 SL 62.50
SELL USDINR MARCH BELOW 62.50 TGT 62.37,62.22 SL 62.65
EUR/INR
BUY EURINR MARCH ABOVE 69.75 TGT 69.90,70.10 SL 69.55
SELL EURINR MARCH BELOW 69.50 TGT 69.30,69.10 SL 96.70
CURRENCY MARKET UPDATES:
Indian rupee quotes at Rs 62.080, up 0.26 over last close.
The Reserve Bank of India announced a surprise interest-
rate cut Wednesday, trimming its policy repurchase rate by
a quarter points to 7.5%. The Indian rupee closed at
62.25/26 per dollar versus the previous close of
61.9150/9250, off a one-month high hit earlier as state-run
banks bought dollars likely on behalf of the RBI.
India's central bank will not target the value of the rupee,
Governor said yesterday, adding it would only intervene at
times of volatility as per its stated policy. The comments
come after the Reserve Bank of India on Wednesday said
"an excessively strong rupee is undesirable" as part of a
statement in which it cut interest rates by 25 basis points
to 7.50 percent.
The benchmark 10-year bond yield down 6 basis points at
7.69 percent, after hitting a low of 7.6060 percent earlier,
its lowest level since July 15, 2013.
The benchmark five-year rate slumped 10 basis points to
7.00 percent, while the one-year rate fell 18 basis points to
7.58 percent after earlier hitting a low of 7.50 percent, its
lowest level since Feb. 3.
India's one-day cash rate at 7.20/7.25 percent vs Tuesday's
close of 7.35/7.40 percent.
The US dollar climbed to its highest level since September
2003 on Wednesday ahead of closely-watched jobs data
and the European Central Bank meeting later in the
week. Euro quotes at $1.1125, down 0.46% on Wednes-
day and the US dollar index is quoting at 95.73, up 0.29%
over Tuesday's close.
RBI Reference Rate
Currency Rate Currency Rate
Rupee- $ 61.8387 Yen-100 51.6800
Euro 69.2470 GBP 95.1388
MCX COMMODITIES & CURRENCY
7. DAILY REPORT
05
th
MARCH 2015
YOUR MINTVISORY Call us at +91-731-6642300
CALL REPORT
PERFORMANCE UPDATES
Date
Commodity/ Currency
Pairs
Contract Strategy Entry Level Target Stop Loss Remark
4/03/15 NCDEX GUARGUM MAR. BUY 8900 890-9010 8850 BOOKED FULL PROFIT
4/03/15 NCDEX GUARGUM MAR. SELL 8710 8660-8600 8760 NOT EXECUTED
4/03/15 NCDEX DHANIYA APR. BUY 6310 6360-6420 6260 SL TRIGGERED
4/03/15 NCDEX DHANIYA APR. SELL 6160 6110-6050 6210 NOT EXECUTED
4/03/15 MCX GOLD APR. BUY 26560 26640-26740 26470 NO PROFIT NO LOSS
4/03/15 MCX GOLD APR. SELL 26320 26240-26140 26410 NOT EXECUTED
4/03/15 MCX SILVER MAR. BUY 37300 37500-37800 37000 NOT EXECUTED
4/03/15 MCX SILVER MAR. SELL 36700 36500-36200 37000 BOOKED PROFIT
4/03/15 JPY/INR MAR. BUY 52.03 52.16-52.30 51.88 BOOKED FULL PROFIT
4/03/15 JPY/INR MAR. SELL 51.90 51.87-51.74 52.05 NOT EXECUTED
4/03/15 USD/INR MAR. BUY 62.35 62.47-62.60 62.20 BOOKED FULL PROFIT
4/03/15 USD/INR FEB. SELL 62.20 62.08-62.60 62.35 NOT EXECUTED
Date Scrip
CASH/
FUTURE/
OPTION
Strategy Entry Level Target Stop Loss Remark
4/03/15 NIFTY FUTURE BUY 9065-9070 9120-9170 9015 SL TRIGGERED
4/03/15 ORIENTAL BANK FUTURE BUY 252-256 260-265 246 SL TRIGGERED
4/03/15 RELIANCE CAP FUTURE BUY 475-480 488-496 468 SL TRIGGERED
4/03/15 TATA SPONGE CASH BUY 880-900 950-1000 840 CALL OPEN
3/03/15 NIFTY FUTURE BUY 9035-9040 9090-9140 8985 BOOKED FULL PROFIT
8. DAILY REPORT
05
th
MARCH 2015
YOUR MINTVISORY Call us at +91-731-6642300
NEXT WEEK'S U.S. ECONOMIC REPORTS
ECONOMIC CALENDAR
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TIME REPORT PERIOD ACTUAL
CONSENSUS
FORECAST
PREVIOUS
MONDAY, MARCH 02
8:30 AM PERSONAL INCOME JAN. 0.4% 0.3%
8:30 AM CONSUMER SPENDING JAN. -0.1% -0.3%
8:30 AM CORE INFLATION JAN. 0.0% 0.0%
9:45 AM MARKIT PMI FEB. -- 54.3
10 AM ISM FEB. 54.0% 53.5%
10 AM CONSTRUCTION SPENDING JAN. 0.4% 0.4%
TUESDAY, MARCH 03
TBA MOTOR VEHICLE SALES FEB. 16.8 MLN 16.6 MLN
WEDNESDAY, MARCH 04
8:15 AM ADP EMPLOYMENT FEB. -- 213,000
10 AM ISM NONMANUFACTURING FEB. 56.6% 56.7%
2 PM BEIGE BOOK
THURSDAY, MARCH 05
8:30 AM WEEKLY JOBLESS CLAIMS FEB. 28 N/A N/A
8:30 AM PRODUCTIVITY 4Q -2.3% -1.8%
8:30 AM UNIT LABOR COSTS 4Q 3.2% 2.7%
10 AM FACTORY ORDERS JAN. -0.9% -3.4%
FRIDAY, MARCH 06
8:30 AM NONFARM PAYROLLS FEB. 235,000 257,000
8:30 AM UNEMPLOYMENT RATE FEB. 5.6% 5.7%
8:30 AM AVERAGE HOURLY EARNINGS FEB. 0.2% 0.5%
8:30 AM TRADE DEFICIT JAN. -$40.4 BLN -$46.6 BLN
3 PM CONSUMER CREDIT JAN. -- $15 BLN