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1. DAILY REPORT
05th NOVEMBER 2014
YOUR MINTVISORY Call us at +91-731-6642300
Global markets at a glance
Asian markets were mixed as investors digested a series of Chinese data. The Japanese markets were closed for a holi- day on Tuesday. Asian shares got off to a lacklustre start on Wednesday after a plunge in oil prices dragged down U.S. shares, while the dollar took a breather after this week's rally. MSCI's broadest index of Asia-Pacific shares outside Japan was down about 0.1 percent in early trade, while Japan's Nikkei stock average gave up about 0.2 percent.
European markets had a tepid opening and were largely in red. All the major markets were down 0.4-0.7%.
Wall Street Update
The S&P 500 and Nasdaq ended lower on Tuesday as an- other big drop in oil prices dragged down energy shares and Priceline's earnings forecast disappointed. The S&P 500 energy sector fell 1.9 percent, extending the group's recent drop, the Energy Select Sector SPDR ETF dropped 2.1 per- cent, and Chevron Corp eased 1.2 percent to USD 115.37. The Dow Jones industrial average rose 17.6 points, or 0.1 percent, to 17,383.84, the S&P 500 lost 5.71 points, or 0.28 percent, to 2,012.1 and the Nasdaq Composite dropped 15.27 points, or 0.33 percent, to 4,623.64.
Previous day Roundup
The market closed flat dragged by some bit of profit book- ing. The Nifty consolidated at around 8300. The 50-share index ended at 8324, up 1.95 points while Sensex was down 5.45 points at 27860.38. However, small & midcaps rallied with some smart gains. Realty index was up 3 per- cent.
Foreign institutional investors were net buyers in equities to the tune of Rs 1,755 crore on Friday, as per provisional stock exchange data. However, the broader markets con- tinued to hold investor interest. The mid and small cap indi- ces were up well over 1% each, outperforming the BSE benchmark index which was down 0.1%.
Index stats
The Market was very volatile in last session. The sartorial indices performed as follow; Consumer Durables [down 146.43pts], Capital Goods [up 46.05pts], PSU [down 19.15pts], FMCG [down 0.24pts], Realty [up 56.02pts], Power [up 1.37 pts], Auto [down 163.65pts], Healthcare [up 53.00pts], IT [up 16.74pts], Metals [down 10.30Pts], TECK [up 16.15pts], Oil& Gas [down 23.37pts].
World Indices
Index
Value
% Change
D J l
17383.84
+0.10
S&P 500
2012.10
-0.28
NASDAQ
4623.64
-0.33
EURO STO
3034.24
-1.56
FTSE 100
6453.97
-0.52
Nikkei 225
16827.28
-0.21
Hong Kong
23705.98
-0.59
Top Gainers
Company
CMP
Change
% Chg
JINDALSTEL
171.05
9.25
5.72
DLF
128.10
3.35
2.69
SSLT
260.60
6.40
2.52
TECHM
2,580.00
62.30
2.47
BANKBARODA
949.00
19.50
2.10
Top Losers
Company
CMP
Change
% Chg
GAIL
497.55
31.25
-5.91
COALINDIA
359.70
10.85
-2.93
M&M
1,268.00
38.20
-2.92
NMDC
166.10
4.80
-2.81
HCLTECH
1,570.00
38.40
-2.39
Stocks at 52 Week’s High
Symbol
Prev. Close
Change
%Chg
AUROPHARMA
1,006.70
38.25
3.95
AXISBANK
444.60
5.20
1.18
BPCL
722.10
-2.65
-0.37
HDFCBANK
911.80
-0.05
-0.01
INDUSINDBK
708.50
-11.60
-1.61
Indian Indices
Company
CMP
Change
% Chg
NIFTY
8324.15
+1.95
+0.02
SENSEX
27860.38
-5.45
-0.02
Stocks at 52 Week’s Low
Symbol
Prev. Close
Change
%Chg
- -
2. DAILY REPORT
05th NOVEMBER 2014
YOUR MINTVISORY Call us at +91-731-6642300
STOCK RECOMMENDATIONS [FUTURE]
1. CENTURY TEXTILES [FUTURE]
CENTURY TEXTILE FUTURE is looking strong on charts, long
build up has been seen, we may see more upside, if it sus-tains
above 580levels. We advise buying around 580-585
levels with strict stop loss of 570 for the targets of 590-595.
2. MCLEOD RUSSEL [FUTURE]
MCLEOD RUSSEL FUTURE is looking strong on charts, long
build up has been seen, we may see more upside, if it sus-tains
above 270 levels. We advise buying around 270-275
levels with strict stop loss of 265 for the targets of 280-285.
EQUITY CASH & FUTURE
STOCK RECOMMENDATION [CASH]
1. APCOTEX INDUSTRIES
APCOTEX INDUSTRIES is looking strong on charts, we may
see more upside, if it sustains above 400 levels. We advise
buying around 400-420 levels with strict stop loss of 380
for the targets of 440-460 levels.
MACRO NEWS
Results Today: Bata India, Escorts, Hexaware Tech, Tata
Global Beverages, Torrent Pharma, Shoppers Stop,
Muthoot Capital Finance, Sharda Cropchem, Redington,
Orient Paper & Ind, Orient Cement, NDTV, GlaxoSmith-
Kline Consumer, Heidelberg Cement , Gulf Oil Lubricants,
MBL Infra, Zydus Wellness, TD Power Systems, SML
Isuzu, Jyothy Lab, Birla Corp, Balmer Lawrie, Alembic ,
Aditya Birla Money Limited
Indian factory activity expanded at a modest pace in Oc-tober,
as stronger demand led manufacturers to add
jobs for the first time in four months and allowed them
to raise prices. The HSBC Manufacturing PMI, compiled
by Markit, rose to 51.6 in October from 51.0 in Septem-ber.
The index has now been above the 50 level that in-dicates
an expansion in activity for a year.
Coal India Ltd's production beat its target in October, the
first time in seven months, as the state-owned miner
opened a major mine and there were no rain-related
disruptions. The company produced 40.2 million tonnes
last month, higher than its target of 39.74 million.
3. DAILY REPORT
05th NOVEMBER 2014
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
8,300
75.65
4,09,380
27,46,000
NIFTY
PE
8,200
47.05
3,30,381
39,06,500
NIFTY
PE
8,000
18.2
2,34,228
57,17,625
BANKNIFTY
PE
16,500
105.8
25,274
3,86,775
RELIANCE
PE
1,000
18.1
2,468
6,07,750
INFY
PE
4,000
51
2,427
1,15,375
BANKINDIA
PE
280
8.45
1,621
4,21,000
SBIN
PE
2,700
68.6
1,551
77,375
MOST ACTIVE CALL OPTION
Symbol
Op- tion
Type
Strike Price
LTP
Traded Volume (Contracts)
Open Interest
NIFTY
CE
8,400
79
4,44,120
38,19,575
NIFTY
CE
8,500
41.05
4,32,454
40,79,575
NIFTY
CE
8,600
18.9
3,27,172
28,10,500
BANKNIFTY
CE
17,500
205.65
30,416
3,53,875
RELAINCE
CE
1,000
27.05
5,644
16,96,250
SBIN
CE
2,800
64.2
3,695
5,80,125
REL. CAPITAL
CE
500
18.45
3,330
6,85,000
TATASTEEL
CE
500
13.5
3,017
10,28,000
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
64497
1485.46
58263
1321.90
741699
16365.54
163.57
INDEX OPTIONS
440985
10328.51
409583
9533.80
2294493
55767.14
794.71
STOCK FUTURES
56776
1749.71
86966
2595.92
1587629
46920.85
-846.21
STOCK OPTIONS
48970
1521.93
47892
1499.63
45229
1353.06
22.30
TOTAL
134.37
STOCKS IN NEWS Dabur India Q2 profit rises 15%, volume growth at 8.7%. Ashok Leyland sales jump 23.1% in October. BOI Q2 profit jumps 26.4%, asset quality worsens . Bank Of India cuts Deposit Rates By Up To 15 bps Across Maturities Berger Paints board Approves Stock Split Hathway Cable to consider stock split on Nov. 13. FIIs hike stake in HDFC to nearly 78%.
NIFTY FUTURE
Nifty Future closed flat in the last trading session. We advise buying around 8390-8400 with strict stop loss 8340 the targets of 8450-8500
INDICES
R2
R1
PIVOT
S1
S2
NIFTY
8,377.08
8,350.62
8,324.13
8,297.67
8,271.18
BANK NIFTY
17,312.67
17,223.38
17,079.12
16,989.83
16,845.57
4. DAILY REPORT
05th NOVEMBER 2014
YOUR MINTVISORY Call us at +91-731-6642300
NCDEX
RECOMMENDATIONS
SILVER
TRADING STRATEGY:
BUY SILVER DEC ABOVE 35850 TGTS 36050,36350 SL BE- LOW 35550
SELL SILVER DEC BELOW 35340 TGTS 35140,34840 SL ABOVE 35640
GOLD
TRADING STRATEGY:
BUY GOLD DEC ABOVE 26150 TGTS 26230,26330 SL BE- LOW 26070
SELL GOLD DEC BELOW 25900 TGTS 25820,25720 SL ABOVE 25990
COMMODITY ROUNDUP
Gold edged higher on Tuesday, recovering from last week's four-year low, as the dollar's retreat from multi-year highs against a currency basket relieved some downward pres- sure on the metal. A lack of robust buying from the major physical gold markets of China and India and weak techni- cals underscored expectations of further declines. Bullion broke below a key chart level of around $1,180 an ounce on Friday after the Bank of Japan expanded its stimulus pro- gramme in a surprise move, lending strength to the dollar. The break prompted a further sell-off that took gold all the way to $1,161.25, its lowest since July 2010. Spot gold was up 0.3 percent at $1,168.95 an ounce at 1007 GMT, while U.S. gold futures for December delivery were down $1.20 an ounce at $1,168.60.
U.S. crude futures edged up about 0.1 percent to $77.28 after reaching the lowest intraday price since October 2011 on Tuesday, after the Saudi move.
NMDC Limited on Monday corrected iron ore lumps prices by Rs 200 per tonne for Nov. Lumps are now priced at Rs 4,400 per tonne from Rs 4,600 per tonne in October. The cut in price of lumps is due to slower demand for lumps in the previous month as well as to adjust to the imported iron ore. The company has retained prices of fines at Rs 3,160 per tonne for November.
Silver prices fell over one% to Rs 36,124 per kg in futures trade yesterday as speculators engaged in off-loading posi- tions. At the Multi Commodity Exchange, silver for delivery in March next year lost Rs 398, or 1.09%, to Rs 36,124 per kg, with a turnover of 50 lots. Similarly, silver for delivery in December dropped by Rs 372, or 1.04%, to Rs 35,425 per kg, in a business turnover of 1,361 lots. A weak trend in global markets after the US Federal Reserve ended asset purchases, mainly put pressure on silver futures here.
Zinc futures rose by 0.11% to Rs 142.10 per kg yesterday as speculators enlarged positions amid strong domestic de- mand. At the Multi Commodity Exchange, zinc for delivery in November edged up by 15 paise, or 0.11%, to Rs 142.10 per kg, in a business turnover of 159 lots. Improved de- mand from consuming industries in the domestic spot mar- ket mainly led to rise in zinc prices in futures trade here.
5. DAILY REPORT
05th NOVEMBER 2014
YOUR MINTVISORY Call us at +91-731-6642300
RECOMMENDATIONS
DHANIYA
BUY DHANIYA DEC ABOVE 12250 TGTS 12280,12330 SL 12200
SELL DHANIYA DEC BELOW 12170 TGTS 12140,12090 SL 12225
GUARSGUM
BUY GUARGUM DEC ABOVE 14800 TGTS 14850,14950 SL 14710
SELL GUARGUM DEC BELOW 14700 TGTS 14650,14550 SL 14790
NCDEX
NCDEX ROUNDUP
Chana prices increased by 1.48% to Rs 3,088 per quintal in futures trade yesterday as speculators enlarged positions amid a firm trend at the spot market on strong demand against tight supplies from producing belts. Expectations of lower output from major producing belts also supported the upside. At NCDEX, chana for delivery in November shot up by Rs 45, or 1.48%, to Rs 3,088 per quintal with an open in- terest of 98,950 lots. Similarly, the commodity for delivery in December gained Rs 44, or 1.43%, to Rs 3,122 per quintal in 54,830 lots. Speculators enlarged positions on the back of strong demand in the spot market against tight supplies from producing region which pushed up chana prices at fu- tures trade.
Cardamom futures jumped for second day on strong buying support. The MCX Cardamom November delivery ended the session at Rs 874.50, up Rs 20 or 2.34%. Spot demand and export buying amid reports of lower crop supporting the prices at lower side. Cardamom output for the year 2014- 2014 is expected to be lower due to the bad weather. Car- damom pared the previous day's losses as bargain buying emerged at fall in the prices. Cardamom jumped almost Rs 39 in the last two days to near Rs 874.70 on bargain buying at lower side. The November delivery closed the day at Rs 874.50, up Rs 20 or 2.34% and the open interest added 86 tonnes to 1,186 tonnes, indicating fresh buying.
NCDEX INDICES
Index
Value
% Change
CASTOR SEED
4801
-1.23
CHANA
3167
+1.87
CORIANDER
11890
-1.16
COTTON SEED
1351
-0.52
GAUR SEED
5111
-3.98
JEERA
11275
+0.09
MUSTARDSEED
3768
+0.83
SOYBEAN
3314
+0.76
SUGAR M GRADE
2781
-0.64
TURMERIC
6130
-1.32
6. DAILY REPORT
05th NOVEMBER 2014
YOUR MINTVISORY Call us at +91-731-6642300
GBP/INR
BUY GBP-INR ABOVE 98.6500 TGT 98.8500,99.1000 SL 98.4000
SELL GBP-INR BELOW 98.4500 TGT 98.2500,98.0000 SL 98.7000
JPY/INR
BUY JPY-INR ABOVE 54.5500 TGT 54.7500,55.0500 SL 54.3000
SELL JPY-INR BELOW 54.3500 TGT 54.1500,53.8000 SL 54.6000
CURRENCY MARKET UPDATES:
The Indian rupee ducked the fall in Asian currencies to end little-changed on Monday, as continued foreign fund flows offset nervousness about a weakening Chinese economy and the dollar's strength after the Bank of Japan's stimulus announcement.
In recent sessions, falls in the rupee have been capped after continued strong foreign inflows helped send domestic shares to consecutive record highs and 10-year bond yields to more than 14-month highs. The partially convertible ru- pee closed at 61.40/41 per dollar, almost the same as its Friday close of 61.3950/4050. Markets will be closed on Tuesday and Thursday for local holidays.
In the offshore non-deliverable forwards, the one-month contract was at 61.59/69, while the three-month contract was at 62.19/29.
The dollar dipped as investors locked in profits after this week's rally, while a Reuters report saying central bankers in the euro zone plan to challenge European Central Bank President Mario Draghi's leadership style underpinned the euro.
The dollar index was flat on the day at 87.015, after moving away from its four-year high of 87.406 touched on Monday. The dollar was buying 113.60 yen, down slightly and well below a seven-year peak of 114.21 hit on Monday.
The euro edged up to $1.2550, moving off a two-year low of $1.2439 set on Monday and shrugging off downbeat data after the ECB news.
The European Commission on Tuesday downgraded its fore- cast for euro zone economic growth over the next few years, leading investors to raise bets the ECB might consider more action to stimulate the region's economy.
RBI Reference Rate
Currency
Rate
Currency
Rate
Rupee- $
61.4118
Yen-100
54.4800
Euro
76.6665
GBP
98.0624
MCX COMMODITIES & CURRENCY
8. DAILY REPORT
05th NOVEMBER 2014
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NEXT WEEK'S U.S. ECONOMIC REPORTS
ECONOMIC CALENDAR
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Disclaimer
TIME (ET)
REPORT
PERIOD
ACTUAL
CONSENSUS FORECAST
PREVIOUS
MONDAY, NOV. 03
9:45 AM
MARKIT PMI
OCT.
--
56.2
10 AM
ISM
OCT.
55.7%
56.6%
10 AM
CONSTRUCTION SPENDING
SEPT.
0.7%
-0.8%
TBA
MOTOR VEHICLE SALES
OCT.
16.4 MLN
16.4 MLN
TUESDAY, NOV. 04
8:30 AM
TRADE DEFICIT
SEPT.
-$41.5 BLN
-$40.1 BLN
10 AM
FACTORY ORDERS
SEPT.
-0.5%
-10.1%
WEDNESDAY, NOV. 05
8:15 AM
ADP EMPLOYMENT
OCT.
--
213,000
10 AM
ISM NONMANUFACTURING
OCT.
58.1%
58.6%
THURSDAY, NOV. 06
8:30 AM
WEEKLY JOBLESS CLAIMS
OCT. 25
N/A
N/A
8:30 AM
PRODUCTIVITY
Q3
0.6%
2.3%
8:30 AM
UNIT LABOR COSTS
Q3
0.7%
-0.1%
FRIDAY, NOV. 07
8:30 AM
NONFARM PAYROLLS
OCT.
235,000
248,000
8:30 AM
UNEMPLOYMENT RATE
OCT.
5.9%
5.9%
3 PM
CONSUMER CREDIT
SEPT.
--
$13.5 BLN