daily derivative report 28 may 2015

DAILY REPORT

28th

MAY 2015

YOUR MINTVISORY Call us at +91-731-6642300

Global markets at a glance

Asian shares edged up on Thursday on vague hopes of a rescue deal for Greece while the dollar was at the helm in currency markets on expectations that the US Federal Re-serve will raise rates later this year. Japan's Nikkei rose 0.6 percent while MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.1 percent, with South Korean shares leading the gain with a rise of 0.5 percent.

European shares rebounded on Wednesday from a one-week low the day before, supported by the prospect of an accord between Greece and its creditors. The FTSEurofirst 300 index of top European shares closed 1.3% up at 1,622.96 points, a rebound that accelerated on reports of staff-level agreement between Greece and its creditors..

Wall Street Update

U.S. stocks ended sharply higher on Wednesday and the Nasdaq logged a record high close, led by a rebound in technology and healthcare stocks and optimism that Greece would avoid defaulting on its debt.

The Dow Jones industrial average .DJI rose 121.45 points, or 0.67 percent, to end at 18,162.99 points. The S&P 500 .SPX gained 19.28 points, or 0.92 percent, to 2,123.48 and the Nasdaq Composite .IXIC added 73.84 points, or 1.47 percent, to 5,106.59.

Previous day Roundup

It was a consolidation day for the market on Wednesday ahead of expiry of May derivative contracts (on Thursday) and after seeing sell-off in previous two sessions. Banks were the lead gainers today followed by FMCG, capital goods and oil stocks. The 30-share BSE Sensex gained 33.25 points at 27564.66 while the Nifty declined 4.75 points to 8334.60 after hitting an intraday low of 8277.95. The broader markets too ended flat but the market breadth was negative with advance: decline ratio of 1166:1451 on the Bombay Stock Exchange. Given the bad fourth quarter earnings, the market is unlikely to see any major recovery in short term

Index stats

The Market was very volatile in last session. The sartorial indices performed as follow; Consumer Durables [up 99.13pts], Capital Goods [up 116.71pts], PSU [up 115.2pts], FMCG [up 54.16pts], Realty [up 4.70pts], Power [up 11.98pts], Auto [down 402.75pts], Healthcare [down 60.88Pts], IT [down 205.52pts], Metals [up 26.22pts], TECK [down 86.76pts], Oil& Gas [up 90.88pts].

World Indices

Index Value % Change

D J l 18162.99 +0.67

S&P 500 2123.48 +0.92

NASDAQ 5106.59 +1.47

EURO STO 3682.87 +1.76

FTSE 100 7033.33 +1.21

Nikkei 225 20609.28 +0.67

Hong Kong 27818.31 -0.94

Top Gainers

Company CMP Change % Chg

BHEL 250.65 9.20 3.81

IDEA 171.10 4.95 2.98

ONGC 331.45 8.95 2.78

BHARTIARTL 410.40 9.85 2.46

NMDC 132.55 3.05 2.36

Top Losers


TECHM 546.00 94.25 -14.72

TATAMOTORS 472.75 24.85 -4.99

M&M 1,219.50 43.55 -3.45

SUNPHARMA 972.70 22.15 -2.23

GAIL 380.10 8.20 -2.11

Stocks at 52 Weeks HIGH

Symbol Prev. Close Change %Chg

AJANTPHARM 1,456.05 8.00 0.55

AMTEKINDIA 174.65 7.35 4.39

DISHTV 98.00 1.15 1.19

- -

Indian Indices


NIFTY 834.60 -4.75 -0.06

SENSEX 27564.66 +33.25 +0.12

Stocks at 52 Weeks LOW

Symbol Prev. Close Change %Chg

ABAN 393.40 -0.70 -0.18

CAIRN 191.05 -1.30 -0.68

ELDERPHARM 78.10 -1.75 -2.19

SAIL 66.20 0.20 0.30

DAILY REPORT

28th

MAY 2015


STOCK RECOMMENDATION [CASH]

1. LIC HOUSNG (CASH)

LIC HOUSING is looking strong on charts, we may see more upside, if it sustains above 415 levels. We advise buying around 410-415 levels with strict stop loss of 405 for the targets of 420-425 levels.

MACRO NEWS

Milk companies want more subsidy to reduce prices

Food & beverage sector to touch Rs 3.80 lakh cr by 2017

United Spirits gets MCA, I-T Department notices to in-spect books

Power capacity addition at record 22,566 MW in 1 year. Power tariff may go up next month in Delhi

Crompton bags order for smart grid solutions in Portugal

Govt-owned NMDC will be raising its output by 31% to 46 million tonnes this financial year, as two new mines with seven mt capacity each will be contributing.

Bata India Q1 Net Profit Up 48.2% At `58.4 Cr Vs `39.4 Cr (YoY) Total Income At `491.3 Cr Vs `495.4 Cr (YoY)

JSPL Q4 Cons Net Loss At `519 Cr Vs Profit 402.5 Cr (YoY) Cons Total Income Down 7.6% At `4,525.6 Cr Vs `4898.5 Cr (YoY)

US Court Dismisses Infosys' Plea In Discrimination Case

United Spirits gets Ministry of Corporate Affairs, IT Dept notices to inspect books

RBI Says FIIs Can Now Invest Up To 49% In Gammon Infra

Delhi Court To Next Hear JSPL Coal Block Case On Aug 11

STOCK RECOMMENDATIONS [FUTURE]

1. WOCKHARDT PHARMA [FUTURE]

WOCKPHARMA FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sus-tains above 1500 levels. We advise buying around 1525-1550 levels with strict stop loss of 1500 for the targets of 1600-1650 levels.

2. TECHM [FUTURE]

TECH MAHINDRA FUTURE is looking weak on charts, short build up has been seen, we may see more downside, if it sus-tains below 550 levels. We advise selling around 550 levels with strict stop loss of 580 for the targets of 520-500 levels.

DAILY REPORT

28th

MAY 2015


FUTURE & OPTION

MOST ACTIVE PUT OPTION

Symbol Op-

tion

Type

Strike

Price

LTP Traded

Volume

(Contracts)

Open

Interest

NIFTY PE 8,300 16 16,50,378 55,51,400

NIFTY PE 8,200 2.85 11,55,133 50,02,400

NIFTY PE 8,250 6.15 5,41,943 12,91,400

BANKNIFTY PE 18,200 10 94,806 2,45,825

ARVIND PE 220 0.05 3,305 13,84,000

TATAMOTORS PE 460 1.1 3,251 5,22,170

BHEL PE 240 0.4 2,835 9,58,000

RELIANCE PE 880 3.2 2,727 3,85,250

MOST ACTIVE CALL OPTION

Symbol Op-

tion

Type

Strike

Price

LTP Traded

Volume

(Contracts)

Open

Interest

NIFTY CE 8,400 8.4 17,28,844 50,46,675

NIFTY CE 8,300 51 14,36,813 23,56,325

NIFTY CE 8,350 25 6,69,643 19,90,825

BANKNIFTY CE 18,500 95.5 1,51,766 6,43,900

WOCK-PHARMA

CE 1,600 17 7,839 1,44,375

SBIN CE 280 2.05 7,335 59,28,750

DISHTV CE 100 0.7 6,581 21,44,000

BHEL CE 250 3 5,369 12,19,000

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 307019 7237.19 314154 7333.57 784934 18374.78 -96.38

INDEX OPTIONS 696343 17311.12 705251 17457.51 3217385 79427.73 -146.38

STOCK FUTURES 621666 16149.54 643417 16687.60 2079673 53782.30 -538.06

STOCK OPTIONS 35386 894.22 36160 914.05 110458 2921.92 -19.83

TOTAL -800.65

STOCKS IN NEWS

Coal linkage to Katwa power plant will help NTPC float

tender

Dabur to partner Sulabh to push personal hygiene,

cleanliness

GAIL enters into agreement with Shell to sell its US LNG

Cipla in pact with Serum Institute to develop and

manufacture vaccine

TCS Announces Collaboration With Red Hat

NIFTY FUTURE

NIFTY FUTURE again closed green in last trading session.

Its candlestick on daily chart suggests that it may go little

more up but also will face some resistance 8400. We ad-

vise to Sell Nifty Future on rise around 8350-8400 for the

targets of 8250 and 8150 with strict stop loss of 8500.

INDICES R2 R1 PIVOT S1 S2

NIFTY 8186.8 8260.7 8301.7 8375.6 8416.6

BANK NIFTY 18080 18302 18418 18640 18756

DAILY REPORT

28th

MAY 2015


RECOMMENDATIONS

GOLD

TRADING STRATEGY:

BUY GOLD JUN ABOVE 27000 TGTS 27080,27180 SL BE-

LOW 26910

SELL GOLD JUN BELOW 26800 TGTS 26720,26620 SL ABOVE

26890

SILVER

TRADING STRATEGY:

BUY SILVER JUL ABOVE 38700 TGTS 38900,39300 SL BE-

LOW 38400

SELL SILVER JUL BELOW 38300 TGTS 38100,37800 SL ABOVE

38600

COMMODITY ROUNDUP Gold failed to hold onto its gains after heavy losses in last session. A raft of strong US economic data hurt gold last night. Upbeat US economic data and strong dollar pulled gold lower yesterday with a break under $1200 per ounce hurting the sentiments even more. The yellow metal ex-tended its slide from three month highs last week and tested a two week low near $1185 per ounce for June deliv-ery yesterday. gold refiners are seeing a good business op-portunity through the governments proposed GMS and the rise in import of dor gold (a semi-pure alloy, created at the mine site for further purification at a refinery). The MCX August Gold futures failed to hold onto highs above Rs 27200 mark and currently trade at Rs 27100 per 10 grams, down 0.12% on the day. MCX Silver futures are trading at Rs 38433 per kg, down 0.20% on the day. Copper prices regained strength on Wednesday, one day after falling to a four-week low, as the U.S. dollar paused following a rally on the back of expectations for a U.S. rate hike later this year. On the Comex division of NYMEX, cop-per for July delivery inched up 1.0 cent, or 0.35%, to trade at $2.788 a pound during European morning hours. MCX Copper was trading at Rs 393.45 per kg against Rs 394.4 per kg witnessed on 26 May 2015. A day earlier, copper prices slumped to $2.773, the weakest level since April 29, before settling at $2.778, down 3.3 cents, or 1.17%.Futures were likely to find support at $2.759, the low from April 29, and resistance at $2.834, the high from May 26. The upbeat data supported the view that the Federal Re-serve could start to raise interest rates later in the year if the economy continues to improve as expected. Mean-while, the threat of an imminent Greek debt default eased after the government expressed confidence that it would make a 305 million payment to the International Monetary Fund due on June 5. WTI Crude oil futures rose impressively after heavy losses yesterday as supportive economic data from US and Euro zone kept the commodity supported ahead of the critical USEIA weekly inventories data to be released tomorrow. The counter had slipped as US stocks took atumble last night but edged up towards $59 per barrel today following a spurt in European stocks. MCX Crude oil futures are trading at Rs 3748 per barrel, up 0.62% on the day. The MCX Natu-ral gas futures are trading at Rs 184.80 per mmbtu, up 1.26% on the day.

DAILY REPORT

28th

MAY 2015


NCDEX

RECOMMENDATIONS

DHANIYA

BUY CORIANDER JUNE ABOVE 12690 TARGET 12715 12755

SL BELOW 12665

SELL CORIANDER JUNE BELOW 12340 TARGET 12315 12275

SL ABOVE 12365

GUARSGUM

BUY GUARGUM JUNE ABOVE 11400 TARGET 11450 11510

SL BELOW 11340

SELL GUARGUM JUNE BELOW 10950 TARGET 10900 10840

SL ABOVE 11010

NCDEX ROUNDUP

Some buying emerged in battered agri counters today after a heavy pouding earlier in the week. Brgain buying lifted commodi-ties like Chana, Jeera, Guarseed and Soybeans though the broad sentiments stayed in the awe of the impeding monsoon. Monsoon is likely to be on time and could set over the Kerala coast over next one week. Some good pre-Monsoon rain coupled with thun-dershower activity in North India in last few days has helped the country in recording surplus rain this week.

While major agri commodities dropped amid these reports in last couple of sessions, steady buying emerged yesterday and major gains were noted in the counters which had taken alot of losses in the week. Turmeric edged up in the futures market amid ex-tremely hot conditions in major trading centers. The benchmark NCDEX June futures had tumbled to a two month low yesterday but remained supported right from the start today and broke above Rs7900 per quintal mark in afternoon. The counter quotes at Rs 7904 per quintal, up 1.7% onthe day.

Jeera quoting at Rs 17760 per quintal for June futures, up 1.10% on the day with limited arrivals providing good support. Spot prices edged up a bit after falling near Rs18000 levels yesterday. Chana also edged up after falling near its two week low yesterday. The arrivals had stayed elevated in last two days in Delhi, keeping a tab on spot and futures market though sentiments turned around today as traders entered long in futures on bargain hunt-ing. NCDEX June Chana quoting at Rs 4657 per quintal, up 0.74% on the day. The NCDEX Guarseed futures trading at Rs 5057 per quintal, up 0.94% on day for June delivery. The counter managed to break above Rs 5000 per quintal in early moves after an initial setback and managed to hold the gains throughout as spot mar-kets showed signs of stabilizing around Rs 4900 per quintalmark in Jodhpur. Guargum futures for June up 0.98% to Rs 11370.

NCDEX INDICES

Index Value % Change

CAETOR SEED 4010 +0.48

CHANA 4675 +1.12

CORIANDER 12490 -2.01

COTTON SEED 1777 +0.97

GUAR SEED 5035 +0.50

JEERA 17565 +0.00

MUSTARDSEED 17565 +0.57

REF. SOY OIL 4263 +0.45

SUGAR M GRADE 598.25 -2.05

TURMERIC 7902 +1.67

DAILY REPORT

28th

MAY 2015


RBI Reference Rate

Currency Rate Currency Rate

Rupee- $ 63.9475 Yen-100 52.0200

Euro 69.8562 GBP 98.6390

CURRENCY

USD/INR

BUY USD/INR JUNE ABOVE 64.51 TARGET 64.64 64.79 SL

64.31

SELL USD/INR JUNE BELOW 64.3 TARGET 64.17 64.02 SL

64.5

EUR/INR

BUY EUR/INR JUNE ABOVE 70.47 TARGET 70.62 70.82 SL

70.27

SELL EUR/INR JUNE BELOW 69.9 TARGET 69.75 69.55 SL

70.1

CURRENCY MARKET UPDATES:

The dollar retained its strength sparked after remarks from Federal Reserve Chair Janet Yellen last Friday that she ex-pected the central bank to raise rates this year as the US economy was on course to bounce back from a sluggish

first quarter. The US currency hit an eight-year high against the yen on Wednesday, rising to 124.09 yen, not far from its 2007 peak of 124.14. It last stood at 123.73 yen.

The US dollar extended gains on Wednesday against a bas-ket of major currencies as upbeat data continued to sup-port. U.S. business investment plans increased, consumer confidence improved and house prices extended gains. Moreover, view that the Federal Reserve could start to raise interest rates later in the year if the economy contin-

ues to improve as expected propped up the greenback.

The U.S. dollar index, which measures the greenback's strength against a trade-weighted basket of six major cur-rencies, was steady at five-week highs of 97.46.

As against the euro, dollar staged a modest recovery after having edged down during the day Also, dollar surged to fresh eight-year highs against the yen as expectations for higher U.S. interest rates later this year continued to bol-ster demand for the greenback.

The Indian rupee slumped to 63.98/99 per dollar, its weak-est close since May 13, tracking losses in domestic shares and a rally in the dollar in global markets. The rupee had

closed at 63.5625/5725 on Monday.

The benchmark 10-year bond yield rose 3 bps to close at 7.89%, but the new 10-year bond yield fell 1 bp to 7.67%.

The benchmark five-year swap rate rose 1 bp to 7.11 per-cent, while the one-year rate also rose 1 basis point to 7.50 percent. India's one-day cash rate was at 7.50/7.55 percent versus its close of 7.45/7.50 percent on Monday

DAILY REPORT

28th

MAY 2015


CALL REPORT

S T O

PERFORMANCE UPDATES

Date Commodity/ Currency

Pairs Contract Strategy Entry Level Target Stop Loss Remark

27/05/15 NCDEX DHANIYA JUNE BUY 12790 12830 12750 BOOKED PROFIT

27/05/15 NCDEX DHANIYA JUNE SELL 12664 12624 12704 NOT EXECUTED

27/05/15 NCDEX GUARGUM JUNE BUY 11340 11400 11290 BOOKED FULL PROFIT

27/05/15 NCDEX GUARGUM JUNE SELL 10950 10890 11000 BOOKED FULL PROFIT

27/05/15 MCX GOLD JUN BUY 27000 27080-27180 26910 NOT EXECUTED

27/05/15 MCX GOLD JUN SELL 26850 26770-26670 26950 NO PROFIT NO LOSS

27/05/15 MCX SILVER JULY BUY 38900 39100-39400 38600 NOT EXECUTED

27/05/15 MCX SILVER JULY SELL 38400 38200-37900 38700 NO PROFIT NO LOSS

27/05/15 USD/INR MAY BUY 64.00 64.13-64.28 63.8 BOOKED PROFIT

27/05/15 USD/INR MAY SELL 63.88 63.75-63.6 64.08 NOT EXECUTED

27/05/15 EUR/INR MAY BUY 70.00 70.15-70.35 69.80 NOT EXECUTED

27/05/15 EUR/INR MAY SELL 69.43 69.28-69.08 69.63 NOT EXECUTED

Date Scrip

CASH/

FUTURE/

OPTION

Strategy Entry Level Target Stop Loss Remark

27/05/15 NIFTY FUTURE SELL 8350 8250-8150 8500 NOT EXECUTED

27/05/15 HAVELLS FUTURE BUY 270-275 280-285 265 CALL OPEN

27/05/15 BATA INDIA FUTURE SELL 1080-1090 1050-1020 1120 BOOKED PROFIT

27/05/15 INSECTISIDES IN-

DIA CASH BUY 520-540 560-580 500 BOOKED PROFIT

26/05/15 NIFTY FUTURE SELL 8350 8250-8150 8500 BOOKED PROFIT

26/05/15 RELINFRA FUTURE SELL 435-440 420-410 450 BOOKED PROFIT

25/05/15 TCS FUTURE BUY 2590-2610 2650-2700 2550 CALL OPEN

25/05/15 SBIN FUTURE SELL 280-285 270-260 295 CALL OPEN

25/05/15 SUNPHARMA CASH BUY 990-1000 1020-1040 970 CALL OPEN

DAILY REPORT

28th

MAY 2015


NEXT WEEK'S U.S. ECONOMIC REPORTS

ECONOMIC CALENDAR

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TIME REPORT PERIOD ACTUAL CONSENSUS

FORECAST PREVIOUS

MONDAY, MAY 25

MEMORIAL DAY

NONE SCHEDULED

TUESDAY, MAY 26

8:30 AM DURABLE GOODS ORDERS APRIL -0.5% 4.4%

9 AM CASE-SHILLER HOME PRICE INDEX MARCH -- 4.2% YOY

9 AM FHFA HOME PRICE INDEX MARCH -- 5.4% YOY

10 AM CONSUMER CONFIDENCE INDEX MAY 93.0 95.2

10 AM NEW HOME SALES APRIL 490,000 481,000

WEDNESDAY, MAY 27

NONE SCHEDULED -- --

THURSDAY, MAY 28

8:30 AM WEEKLY JOBLESS CLAIMS MAY 23 N/A N/A

10 AM PENDING HOME SALES INDEX APRIL -- 1.1%

FRIDAY, MAY 29

8:30 AM GDP REVISION 1Q -1.0% 0.2%

9:45 AM CHICAGO PMI MAY -- 52.3

10 AM CONSUMER SENTIMENT INDEX MAY -- 88.6

daily derivative report 28 may 2015

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