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Global markets at a glance The Hang Seng and Nikkei both are trading at positive side by 0.14 and 0.71% respectively. US stocks rose in light trading on Friday, led by a jump in Microsoft shares, as trading took place without interruption a day after the Nasdaq stock exchange suffered an unprecedented, three-hour trading halt. The Dow Jones industrial average rose 46.77 points or 0.31 per cent, to 15,010.51, the S&P 500 gained 6.54 points or 0.39 per cent, to 1,663.5 and the Nasdaq Composite added 19.085 points or 0.52 per cent, to 3,657.792. Wall Street Update Central bankers around the world are bracing themselves for more financial turbulence as the Federal Reserve prepares to wind down its easy-money policies. Global markets have reeled since May, when the Fed began signaling it could soon start scaling back its $85 billionper-month bond-buying program. U.S. mortgage rates have been rising, and currencies and stocks in many developing economies have been falling. Previous day Roundup Sensex soars 200 pts; YES Bank, ICICI, SBI most active. The market maintained its upward journey in afternoon trade with the equity benchmarks gaining more than one percent, aided by private banks, oil & gas, auto and capital goods stocks. Index stats: Indian shares rose more than 1 percent on Friday to mark their second consecutive day of gains, with beaten down bank shares such as ICICI Bank gaining on value The gains also tracked the easing of an emerging markets rout, while global shares headed for a second day of gains as data suggesting the global economy is improving took the edge off concerns about the impact of a cut in U.S. monetary stimulus. Benchmark stock indexes around the world edged higher on Friday.
World Indices
Index DJl S&P 500 NASDAQ EURO STO FTSE 100 Nikkei 225 Hong Kong Value 15,010,51 1,663.50 3,657.79 2,826.05 6,492.10 13,680.05 22,018.84
CMP Change
Top Gainers
Company
Top Losers
Company
TECHM VTL
1,371.95 310.00
101.05 6.85
+7.95 +2.26
Top Losers
Company CMP Change % Chg
NIFTY SENSEX
5,471.75 18,519.44
+63.30 +209.50
+1.17 +1.13
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TECH MAHINDRA is looking strong on charts and long build up has been seen in this stock, we may see more upside in this stock if it continues to sustain above 1350 levels. We advise buying on dips around 1350-1360 with strict stop loss of 1325 for the targets of 1375-1390.
PC JEWELLERS is looking strong on charts, we may see more upside in this stock, if it trade above 95 levels. We advise buying above 95 levels with strict stop loss of 90 for the targets of 98-102 levels.
2. BHEL
MACRO NEWS
Goldman revised down its three, six and 12-month targets for the Malaysian ringgit, Thai Baht and Indonesian rupiah on Friday. The currencies, together with their emerging-market peers, have taken a beating recently amid expectations for an unwinding of US monetary stimulus. The rupiah should take the biggest hit as investors flee the
BHEL is looking strong on charts and long build up has been seen in this stock, we may see more upside in this stock if it continues to trade above 110 levels. We advise buying on dips around 112-114 levels with strict stop loss of 110 for the targets of 118-120 levels.
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STOCKS IN NEWS
Reliance Ind. & its partner British Petroleum have announced a new gas condensate discovery in the Cauvery basin. ITC mulls merger of Wimco non-engineering business with itself. NHB net profit rises by 16 pc to Rs 450 crore in FY'13
NIFTY FUTURE
Nifty Future in the last trading session we saw strong pull back from lower levels. We advise buying on dips near the 5350-5400 levels with strict stop loss of 5300 for the targets of 5450-5500 levels.
No. of Amount in No. of Amount in No. of Contracts Crores Contracts Crores Contracts INDEX FUTURES INDEX OPTIONS STOCK FUTURES STOCK OPTIONS 101359 948785 160374 38684 2709.04 25337.52 4099.39 967.99 125728 927032 127922 40179 3371.44 24706.05 3298.87 1014.37 643109 2366118 1122045 134846
INDICES
NIFTY NIFTYJUNIOR
S2
5341.78 10395.44
S1
5406.76 10504.24
PIVOT
5442.78 10564.2
R1
5507.76 10672.99
R2
5543.78 10732.95
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COMMODITY MCX
COMMODITY ROUNDUP Gold prices in the global market edged up on Friday after weekly US unemployment claims recorded an upward movement. However, concerns over the withdrawal of US monetary stimulus were seen pressuring the yellow metal prices to certain extent. Gold jumped to a 11-week high, topping $1,400 an ounce in spot trading, as sales of new U.S. homes fell more than forecast, boosting speculation that the Federal Reserve will maintain economic stimulus. Gold futures for December delivery on Globex platform of Comex was seen trading up 0.14% at $1376.30 per troy ounce as of 11.06 AM IST on Friday.
SILVER
TRADING STRATEGY: BUY SILVER SEP. ABOVE 53800 TGTS 53970/54200/SL 53600
Very recently, India's Supreme Court had given a go-ahead to the India government to float a global tender regarding the revival of Kolar Gold mines. The trend in gold futures for October delivery on India's Multi Commodity Exchange (MCX) looks sideways to bullish for the day and intra-day traders are advised to stay on buy side. MCX Gold futures for August delivery was seen trading up by 0.80% at Rs. 31390 per 10 grams as of 11.33 AM on Friday. Crude palm oil prices on India's Multi Commodity Exchange (MCX) is expected to trade with a positive note ahead of festive season demand supported by depreciation of Indian Rupee (INR) against US Dollar (USD). MCX crude palm oil for August delivery opened at Rs.543.10 , touched a high of Rs.546.80 and was seen trading up by 0.66% at Rs.545.10 per 10 kgs as of 11.44 AM IST on Saturday.
GOLD
TRADING STRATEGY: BUY GOLD OCT. ABOVE 31980 TGTS 32040/32100/SL 31890
India silver futures is seen trading positive tracking an up trend in gold prices. The trend in silver futures for September delivery on India's Multi Commodity Exchange (MCX) looks sideways to bullish for the day and intra-day trader are advised to buy on dips.
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NCDEX
RECOMMENDATIONS CASTORSEED BUY CASTORSEED SEP ABOVE 3685 TG 3710, 3735 SL 3660
NCDEX INDICES
Index Value % Change
Castor Seed Chana Chilli Coriander Cotton Seed Oilcake Jeera Mustard seed Ref Soya Oil Sugar M Grade Turmeric
3505 3067 5396 5683 1801 13315 3422 686.9 3030 5004
+3.82 +1.96 +2.30 +1.62 +1.94 +1.48 +0.61 -0.35 +0.03 +1.20
NCDEX ROUNDUP SELL CASTORSEED SEP BELOW 3590 TG 3575, 3550 SL 3615 Corn rallied from the biggest loss since June and soybeans climbed amid concerns that the weather may turn dry and hurt crops in the Midwest, the largest U.S. producing region. Falling prices of edible oil in the global markets is likely to soften impact of depreciating rupee on edible oil prices in the country. RBD Palmolein, Crude Palm Oil, Soybean Oil and Sunflower Oil are imported by India to meet growing consumption of edible oils. The Minister further stated that currently about 79 applications covering 11 crops namely, cotton, rice, castor, maize, wheat, sugarcane, brinjal, potato, chickpea, mustard and sorghum are pending with the GEAC. Sugar prices likely to trade firm in the short to Medium term considering weak rupee resulting boost in sugar export possibilities. Recently, around 2 lac tons of sugar export deals has been reported from India bound towards various destinations. In addition to it, upcoming festival demand and lower sugar production outlook for next year also would support the prices.
DHANIYA
BUY DHANIYA SEP ABOVE 5850 TG 5875, 5900 SL 5825 SELL DHANIYA SEP BELOW 5750 TG 5725, 5700 SL 5775
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CURRENCY
65.3200 100.7968
The Reserve Bank of India's (RBI) liquidity measures to curb volatility in the forex market is likely to help moderate inflation, Finance Minister P. Chidambaram told parliament on Friday. Last month, the central bank engineered an increase in money-market interest rates in an effort to give investors in short-term rupee debt an incentive to keep their money in India. Rupee recovered after six straight days of losses. The rupee, the strength of which is crucial for a potential rollback of the RBI's liquidity tightening measures. The dollar fell after a U.S. government report on new single-family home sales raised doubts about the timing and extent of cuts to the Federal Reserve's stimulus program. The rupee rose 2.1 percent on Friday, its biggest jump in nearly a year, as equities posted strong gains for a second session and the RBI was suspected to have sold dollars heavily late in the session. However, the partially convertible rupee registered its second weekly loss, as investors fretted over fears of how the country will fund its large current account deficit as the U.S. Federal Reserve is expected to begin tapering its monetary stimulus. The rupee hit a series of record lows in the week, falling as much as 65.56 to a dollar on Thursday, making its Asias worst performer so far in 2013. EURINR, the pair seems to have completed a five wave rise at yesterdays swing high as it closed in red on Thursday. On Friday further selling was seen from higher levels and it finally broke its yesterdays swing low which indicates lower top and lower bottom formation.
USD/INR has closed at the level of @63.9925. If it sustains below this level, it can touch the level of @63.17 and @62.32 JPY/INR
JPY/INR has closed at the level of 64.6375. If breaks the level of 64.05, it can touch the level of 63.25 and 62.80
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CALL REPORT
PERFORMANCE UPDATES
Date 23/08/13 23/08/13 23/08/13 23/08/13 23/08/13 23/08/13 23/08/13 23/08/13 Date 23/08/13 23/08/13 23/08/13 23/08/13 TIME (ET) 8:30 AM 10 AM
Commodity/ Currency Pairs MCX GOLD MCX SILVER NCDEX CASTOR SEED NCDEX CASTOR SEED NCDEX DHNIYA NCDEX DHNIYA JPY/INR GBP/INR Scrip NIFTY RANBAXY TATASTEEL HINDALCO REPORT DURABLE GOODS ORDERS
Contract AUG AUG SEP SEP SEP SEP AUG AUG CASH/FUTURE/ OPTION FUTURE CASH FUTURE FUTURE
Strategy BUY BUY SELL BUY BUY SELL SELL SELL Strategy BUY BUY BUY BUY PERIOD JULY
Entry Level 31600 51500 3475 3560 5800 5650 66.40 101.45
Remark BOOKED FULL PROFIT BOOKED PROFIT NOT EXECUTED BOOKED FULL PROFIT BOOKED PROFIT NOT EXECUTED NOT EXECUTED NOT EXECUTED
Entry Level Target 53005350 387 265-268 101-102 ACTUAL 5400-5450 395-405 275-285 104-106 CONSENSUS FORECAST -4.0%
Remark BOOKED FULL PROFIT SL TTRIGGERED BOOKED PROFIT BOOKED PROFIT PREVIOUS 3.9% 80.3
NEXT WEEK'S U.S. ECONOMIC REPORTS MONDAY, AUG. 26 TUESDAY, AUG. 27 CONSUMER CONFIDENCE INDEX NONE SCHEDULED 8:30 AM 8:30 AM 8:30 AM 8:30 AM 8:30 AM WEEKLY JOBLESS CLAIMS GDP REVISION PERSONAL INCOME CONSUMER SPENDING CORE PCE PRICE INDEX THURSDAY, AUG. 29 8/24 2Q FRIDAY, AUG. 30 JULY JULY JULY 0.2% 0.3% 0.2% 0.3% 0.5% 0.2% N/A 2.4% N/A 1.7% AUG. WEDNESDAY, AUG. 28 80.0
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