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1. DAILY REPORT
09th JANUARY. 2014
Global markets at a glance
Japan's Nikkei share average fell on Thursday morning after rising sharply on the previous day, as investors stayed
risk averse before the release of U.S. nonfarm payroll data
on Friday. Eyes will now be on Friday's nonfarm payroll
report, which will indicate how the U.S. economy is faring
and therefore how fast the Federal Reserve will scale back
stimulus.
Asian shares got off to a weak start on Thursday after a
lackluster performance on Wall Street overnight and
ahead of Chinese inflation data, while the dollar stood tall
against a basket of currencies.
World Indices
Wall Street Update
The S&P 500 finished nearly flat on Wednesday as equity
indexes had a muted reaction to the minutes from the US
Federal Reserve's most recent meeting, while Micron's
strong results helped buoy the Nasdaq. The Fed’s bond
purchases had been understood to weigh on the dollar .the fact that the minutes do not meaningfully alter the
outlook for a gradual and steady reduction in Fed stimulus
remains positive for the dollar
Company
Index
Value
% Change
14462.74
-68.20
S&P 500
1837.49
-0.02
NASDAQ
EURO STO
FTSE 100
4165.61
3110.65
6721.78
12.43
-0.01
-0.50
Nikkei 225
Hong Kong
15898.55
23,022.88
-1.38
+0.11
DJl
Top Gainers
CMP
Change
% Chg
COAL INDIA
288.90
13.55
+4.92
CIPLA
404.00
13.15
+3.36
GAIL
346.15
8.15
+2.41
BANKBARODA
630.00
13.20
+2.14
TATAPOWER
81.10
1.55
+1.95
CMP
Change
% Chg
1,208.10
316.80
998.00
473.00
162.55
26.15
6.75
20.70
7.40
2.45
-2.12
-2.09
-2.03
-1.54
-1.48
Prev. Close
Change
%Chg
ABAN
434.50
9.70
+2.28
ARVIND
153.05
0.60
-0.39
BFUITLITIE
640.60
30.50
5.00
HCLTECH
1,247.80
8.55
-0.68
MARUTI
1,850.40
4.65
+0.25
Prev. Close
Change
%Chg
CMP
Change
% Chg
6,174.60
20,729.38
+12.35
+36.14
+0.20
+0.17
Top Losers
Company
Previous day Roundup
The market snapped five-day losing streak on Wednesday
and closed higher for the first time in 2014, though overall
it was a consolidation day ahead of Q3 earnings. The Sensex rose 36.14 points to 20,729.38, and the Nifty climbed
12.35 points to 6,174.60 while the broader markets outperformed benchmarks. The BSE Midcap Index advanced
0.6 percent and Smallcap gained 0.3 percent. Advancing
shares outnumbered declining ones by a ratio of 1499 to
1043 on the BSE.
The market is eagerly waiting for third quarter earnings
(October-December) that will start on Friday with Infosys
announcing results.
Index stats
The Market was very volatile in yesterday session where
Bank and Bank Nifty both closed almost flat (up.0.14% and
up 0.15% respectively). Among the sartorial indices the
sectors which were up are; AUTO [up 85.57pts], PSU [up
46.25pts], TECK [up 3.29pts], Oil & Gas [up 29.16 pts],
Metals [up 41.18 pts], , IT [up 7.47pts], Healthcare [up
104.44pts], FMCG [up 11.33pts] and the index declined
were Realty [down 6.19pts], Power [down 0.43pts], Capital
Good down 133.33pts,Consumer Durables down 34.00pts.
AXISBANK
BPCL
LT
RANBAXY
BHEL
Stocks at 52 Week’s high
Symbol
Stocks at 52 Week’s Low
Symbol
--
Indian Indices
Company
NIFTY
SENSEX
YOUR MINTVISORY
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2. DAILY REPORT
09th JANUARY. 2014
EQUITY CASH & FUTURE
STOCK RECOMMENDATIONS [FUTURE]
1. SYNDICATE BANK
STOCK RECOMMENDATION [CASH]
1. GRAVITA
SYNDICATE BANK FUTURE is looking strong on charts, we
may see more upside, if it sustains above 98.50 levels. We
advise buying above 98.50 levels with strict stop loss upside, if it sustains above 98.50. We advise buying above
98.50 with stop loss 96.50 for the targets of 99.50-101.50.
GRAVITA is looking strong on charts. We advise buying
above 46 levels with strict stop loss of 41 for the targets of
50-54 levels.
2. FRL
MACRO NEWS
 It is expected that a low base effect last quarter is expected to support the net profit growth of Infosys for the
December 2013 quarter even though the top-line growth
would be weak.
 The CCEA is expected to consider a proposal tomorrow
to hike import duty on refined edible oil to 10 per cent
for protecting domestic industry and farmers.
 Banks borrowed 4,145 cr rupees via MSF on January 7.
 RBI favours differentiated banks, one for low-income
households.
 India permits 100 per cent FDI in pharma through automatic approval route in the green-field, or new projects.
 AirAsia to cut costs by 7%.
 Unable to bank on Switzerland, India intensifies pressure
for information on tax evaders, account holders.
 STC gets highest bid at $282.62/T in wheat export tender.
 India seeks South Korean investment in infra sector.
FRL FUTURE is looking strong on charts, long build up has
been seen, we may see more upside, if it sustains above 90
levels. We advise buying around 89-90 levels with strict
stop loss 87 for the targets of 92-94 levels.
YOUR MINTVISORY
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3. DAILY REPORT
FUTURE & OPTION
09th JANUARY. 2014
STOCKS IN NEWS
 ONGC Videsh-Oil India complete acquisition of Videocon stake for $2.475 billion
 IDBI BANK Loan to Dabhol may become bad debt:
 SPICE JET will buy 42 Boeing 737 MAX jets for USD 4
billion
 RELIANCE Barclays is equal weight on Reliance and
raised target to Rs 1,040 from Rs 900/share
MOST ACTIVE PUT OPTION
Symbol
Option
Type
Strike
Price
LTP
Traded
Volume
(Contracts)
Open
Interest
NIFTY
PE
6,200
93.40
2,09,393
41,69,300
NIFTY
PE
6,100
55.50
1,94,229
44,61,900
NIFTY
PE
6,000
30.90
1,41,900
48,81,000
BANK NIFTY
PE
10,500
81.00
14,353
2,09,650
SBIN
PE
1,600
26.00
2,779
2,37,125
INFY
PE
3,100
21.80
3,737
4,90,875
RELIANCE
PE
840
14.05
1,553
3,48,500
AXISIBANK
PE
1,200
38.25
1,437
1,79,500
NIFTY FUTURE
MOST ACTIVE CALL OPTION
Symbol
Option
Type
Strike
Price
LTP
Traded
Volume
(Contracts)
Open
Interest
NIFTY
CE
6,300
47.05
2,25,162
51,05,500
NIFTY
CE
6,200
89.55
1,63,686
30,77,450
NIFTY
CE
6,400
21.75
1,57,109
42,17,650
BANKNIFTY
CE
11,500
125.85
22,600
2,53,500
SBIN
CE
1,700
34.70
6,380
4,49,125
RELIANCE
CE
860
17.25
5,169
7,77,250
INFY
CE
3,800
21.20
3,437
4,87,500
SBIN
CE
1,800
11.90
3,253
8,75,250
INFY
CE
3,600
71.20
3,071
4,29,250
Nifty Future closed in the red in the last trading session.
We advise selling below 6170 with strict stop loss of
6200 for the targets of 6140-6120 levels.
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
27887
842.31
44678
1366.54
434004
13323.59
-524.23
INDEX OPTIONS
231881
7083.99
236446
7243.37
1117084
34345.63
-159.38
STOCK FUTURES
58618
1900.91
58826
1926.94
999498
31531.48
-26.03
STOCK OPTIONS
30235
937.09
30747
959.44
60965
1948.25
-22.35
TOTAL
-731.91
INDICES
S2
S1
PIVOT
R1
R2
NIFTY
6143.93
6159.26
6175.68
6191.01
6207.43
NIFTYJUNIOR
2599.66
12655.13
12718.96
12774.43
12838.26
BANK NIFTY
10921.13
10987.41
11055.08
11121.36
11189.03
YOUR MINTVISORY
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4. DAILY REPORT
09th JANUARY. 2014
COMMODITY MCX
RECOMMENDATIONS
SILVER
COMMODITY ROUNDUP
Deutsche Bundes bank said factory orders surged by a seasonally adjusted 2.1% in November, surpassing expectations
for a gain of 1.5%. Factory orders fell by 2.1% in October,
whose figure was revised from a previously reported drop
of 2.2%. German factory orders rose more-than-expected in
November, fuelling optimism over the health of the euro
zone's largest economy. Year-over-year, German factory
orders increased at an annualized rate of 6.8% in November
from a year earlier, beating forecasts for a 6.1% gain, after
rising at a rate of 2% in October.
TRADING STRATEGY:
BUY SILVER ABOVE 44500 TGTS 44700/4500 SL 44100
SELL SILVER BELOW 43650 TGTS 43450/43150 SL 44050
GOLD
TRADING STRATEGY:
BUY GOLD ABOVE 28900 TGTS 28980/29080 SL 28780
SELL GOLD BELOW 28690 TGTS 28610/28510 SL 28800
YOUR MINTVISORY
India's gold imports fell significantly after the Union Government raised customs duty on gold in phases to 10% and
jewellery import duty to 15%. Apart from this a new regulation which came into effect a few months ago stipulated
that 20% of all gold imported had to be exported in value
added form. Various measures taken to curb consumption
of gold including restrictions on gold loans caused gold imports to fall from a high of 163 tons in May 2013 to 19.3
tons in November.
The Gems and Jewellery Trade Federation said it expects
India's gold imports to fall significantly by 20-30% to 500
tons in 2014 on huge price differential between Indian and
global gold prices commanding a premium of $100 over
LBMA fix 32% decline in consumer demand at 148 tons
compared to 310 tons in the second quarter of this year.
MCX Crude oil futures slipped yesterday amid a flat undertone in the global prices and modest gains in the Indian Rupee. The global crude prices recovered from five week low
yesterday as the US stocks gained but remained locked in a
tight range today as investors waited for the minutes of the
last FOMC meet and US Energy Information Administration
(EIA) crude oil inventories data. WTI Crude oil quotes at
$93.88, up 21 cents per barrel on the day ahead of the floor
trading. MCX Crude oil trades at Rs 5843, down Rs 13 per
barrel on the day with 14.25% increase in the open interest.
Call us at +91-731-6642300

5. DAILY REPORT
09th JANUARY. 2014
NCDEX
RECOMMENDATIONS
CASTORSEED
NCDEX INDICES
Index
Value
% Change
Castor Seed
4419
+2.43
Chana
2993
+0.10
Coriander
7945
-0.04
Cotton Seed Oilcake
1520
-0.72
12550
+0.42
Maize– Feed/
Industrial Grade
1208
-0.82
Mustard seed
3597
-0.28
Soy Bean
3661
-0.77
Sugar M Grade
2798
-0.29
Turmeric
6810
-0.61
Jeera
BUY CASTORSEED FEB ABOVE 4560 TGTS 4590,4640 SL
4510
SELL CASTORSEED FEB BELOW 4420 TGTS 4190,4140 SL
4470
DHANIYA
NCDEX ROUNDUP
The Vietnam Pepper Association (VPA) projects export volume of around 125,000 to 130,000 tons with revenue of
around USD900 million for the year 2014, equivalent to
2013′ s earnings. The forecast is rather cautious after pepper prices stayed stable at around VND120,000 a kilo during
last year.
Coriander prices fell by 1.22% to Rs 8,171 per quintal in futures trade yesterday as speculators booked profits at existing higher levels amid fall in spot market demand. At the
NCDEX, coriander prices for delivery in February fell by Rs
101, or 1.22%, to Rs 8,171 per quintal with an open interest
of 25,560 lots. The price for January delivery declined by Rs
53, or 0.66%, to Rs 7,895 per quintal with open interest of
12,720 lots. Besides profit-booking by speculators at existing higher levels, sluggish demand in the spot market led to
the fall in coriander futures prices.
BUY DHANIYA JAN ABOVE 8030 TGTS 8060,8110 SL 7980
SELL DHANIYA JAN BELOW 7890 TGTS 7860,7810 SL 7940
YOUR MINTVISORY
Potato prices moved up by Rs 4.50 to Rs 957.40 per quintal
in futures trade yesterday on increased spot demand
against restricted arrivals. Trading sentiment improved further as traders enlarged holdings driven by surge in demand
in the spot market. At the MCX potato for delivery in March
rose by Rs 4.50, or 0.47%, to Rs 957.40 per quintal, with
trading volume of 315 lots.
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6. DAILY REPORT
09th JANUARY. 2014
CURRENCY
RBI Reference Rate
Currency
Rate Currency
Rupee- $
62.2430 Yen-100
Euro
84.8185 GBP
EUR/INR
Rate
59.3400
102.1719
CURRENCY ROUNDUP
The rupee gained for the second day, climbing 23 paise to a
one-week high of 62.07 against the dollar yesterday, amid a
modest recovery in local stocks and sales of the US currency
by exporters and banks. Indian rupee gained in opening
trade on Wednesday against the US dollar. Rupee opened
higher by 10 paise or 0.16% against US dollar at Rs 62.21
compared to previous close of 62.31. The rupee bounced
back and ended at the day's high of 62.07, a rise of 23 paise
or 0.37 percent. It was the highest level for the rupee since
closing at 61.90 on January 1.
SELL GBP/INR BELOW 102.28 TGTS 102.13, 101.98 SL
102.68.
BUY GBP/INR ABOVE 102.67 TGTS 102.84, 103.03 SL
102.27.
GBP/INR
The dollar rose against the yen on Wednesday as upbeat
U.S. trade data the previous day triggered renewed appetite
for riskier assets among global investors. The Canadian dollar, against which hedge funds have been betting, dropped
versus the U.S. currency after activity by purchasing managers nosedived unexpectedly in December. The U.S. dollar
rose 0.5 percent to 105.07 yen, pulling further away from
Monday's two-week low of 103.88 and back towards last
week's five-year high of 105.45 yen. Options expiring at 105
yen, which could help pin the Japanese currency at these
levels.
The dollar index .DXY hit a one-month high of 80.954 and
was last up 0.1 percent on the day at 80.943. Data on Tuesday showing the smallest U.S. trade deficit in four years, as
exports hit a record high, lifted the dollar. At the same time,
global stocks rose, indicating the greater risk appetite that is
usually a sign to sell the yen.
SELL EUR/NR BELOW 84.65 TGTS 84.53, 84.42 SL 85.01.
BUY EUR/INR ABOVE 85.23 TGTS 85.39, 85.54 SL 84.87.
YOUR MINTVISORY
The dollar pared earlier losses against the euro, with the
single currency down 0.1 percent at $1.3604. The greenback
moved higher against most major currencies on Wednesday
after industry data revealed more hiring took place in the
U.S. private sector last December than anticipated. U.S.
trading on Wednesday, EUR/USD was down 0.26% at
1.3581 .
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7. DAILY REPORT
09th JANUARY. 2014
CALL REPORT
PERFORMANCE UPDATES
Date
Commodity/ Currency
Pairs
Contract
Strategy
Entry Level
Target
Stop Loss
Remark
08/01/14
MCX GOLD
FEB.
BUY
29020
29100-29200
28900
NOT EXECUTED
08/01/14
MCX GOLD
FEB.
SELL
28790
28710-28610
28900
BOOKED PROFIT
08/01/14
MCX SILVER
MAR.
BUY
44700
44900-45200
44340
NOT EXECUTED
08/01/14
MCX SILVER
MAR.
SELL
44280
44080-43780
44630
BOOKED FULL PROFIT
08/01/14
NCDEX CASTOR SEED
FEB.
SELL
4350
4320-4270
4400
BOOKED FULL PROFIT
08/01/14
NCDEX CASTOR SEED
FEB.
BUY
4405
4435-4485
4355
SL TRIGGERED
08/01/14
NCDEX DHANIYA
JAN.
SELL
7820
7790-7740
7870
NOT EXECUTED
08/01/14
NCDEX DHANIYA
JAN.
BUY
8000
8030-8080
7950
BOOKED PROFIT
08/01/14
JPY/INR
JAN.
SELL
59.78
59.63-59.45
60.13
NOT EXECUTED
08/01/14
JPY/INR
JAN.
BUY
60.19
60.34-60.49
59.84
NOT EXECUTED
08/01/14
USD/INR
JAN.
SELL
62.46
62.31-62.16
62.81
BOOKED PROFIT
08/01/14
USD/INR
JAN.
BUY
62.80
62.95-63.10
62.45
NOT EXECUTED
Date
Scrip
CASH/
FUTURE/
OPTION
Strategy
Entry Level
Target
Stop Loss
Remark
08/01/14
NIFTY
FUTURE
SELL
6170
61040-6120
6200
NOT EXECUTED
08/01/14
TATASTEEL
FUTURE
SELL
395-400
388-382
408
CALL OPEN
08/01/14
MARUTI
FUTURE
BUY
1850-1860
1880-1900
1830
CALL OPEN
08/01/14
EVERONN
CASH
BUY
47
52-59
42
BOOKED PROFIT
07/01/14
NIFTY
FUTURE
SELL
6200
6150-6110
6250
CALL OPEN
YOUR MINTVISORY
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8. DAILY REPORT
09th JANUARY. 2014
ECONOMIC CALENDAR
NEXT WEEK'S U.S. ECONOMIC REPORTS
TIME (ET)
REPORT
PERIOD
ACTUAL
CONSENSUS FORECAST
PREVIOUS
--
-0.6%
MONDAY, DEC. 30
10 am
Pending home sales
Nov.
TUESDAY, DEC. 31
9 am
9:45 am
10 am
Case-Shiller home prices
Oct.
--
13.3% y-o-y
Chicago PMI
Dec.
61.8
63.0
Consumer confidence
Dec.
75.0
70.4
12/28
N/A
338,000
WEDNESDAY, JAN. 01
New Year's Day
None scheduled
THURSDAY, JAN. 02
8:30 am
Weekly jobless claims
9 am
Market PMI
Dec.
--
54.4
10 am
ISM
Dec.
56.9%
57.3%
10 am
Construction spending
Nov.
0.9%
0.8%
16.0 mln
16.3 mln
FRIDAY, JAN. 03
TBA
Motor vehicle sales
Dec.
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