Euro zone shares snapped a three-day losing streak on Thursday, taking their lead from gains on Wall Street after some stronger-than-expected consumer spending data from the United States.

1. DAILY REPORT
12th DECEMBER 2014
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Global markets at a glance
Euro zone shares snapped a three-day losing streak on Thursday, taking their lead from gains on Wall Street after some stronger-than-expected consumer spending data from the United States. The Euro STOX 50 index of euro zone blue chips closed 0.3 percent higher at 3,159.11 points while the pan-European FTSEurofirst 300 was flat at 1,357.43 points. The FTSEurofirst 300 had fallen 3.4 per- cent in the previous three sessions as worries about Greece and a slump in commodity prices dented investor appetite for assets which depend on global growth.
Wall Street Update
US stocks rose on Thursday as upbeat retail sales figures and other US data pointed to a strengthening economy and lifted optimism about consumer spending. Indexes ended well off their highs for the day, however, paring gains late in the session as US crude oil CLc1 fell below USD 60 a bar- rel for the first time in five years. The gains came after the S&P 500 shed 2.4 percent over the previous three sessions, the worst run for the benchmark index in two months, as weak oil prices weighed on the energy sector.
The Dow Jones industrial average rose 63.19 points, or 0.36 percent, to 17,596.34, the S&P 500 gained 9.19 points, or 0.45 percent, to 2,035.33 and the Nasdaq Composite added 24.14 points, or 0.52 percent, to 4,708.16.
Previous day Roundup
The market ended with deep cuts. The Sensex closed down 229.09 points or 0.8 percent at 27602.01, and the Nifty slipped 62.75 points or 0.7% at 8292.90. About 1145 shares have advanced, 1756 shares declined, and 99 shares were unchanged.
Index stats
The Market was very volatile in last session. The sartorial indices performed as follow; Consumer Durables [down 56.16pts], Capital Goods [down 68.37pts], PSU [down 77.23pts], FMCG [down 17.36pts], Realty [down 33.71pts], Power [down 21.33pts], Auto [down 152.74pts], Healthcare [up 44.87pts], IT [down 123.10pts], Metals [up 53.18Pts], TECK [down 60.95pts], Oil& Gas [down 255.88pts].
World Indices
Index
Value
% Change
D J l
17596.34
+0.36
S&P 500
2035.33
+0.45
NASDAQ
4708.16
+0.52
EURO STO
3159.11
+0.26
FTSE 100
6491.70
-0.59
Nikkei 225
17474.90
+1.26
Hong Kong
23412.01
+0.43
Top Gainers
Company
CMP
Change
% Chg
IDFC
159.90
3.95
2.53
TECHM
2,614.90
43.40
1.69
HINDALCO
155.95
1.95
1.27
COALINDIA
364.40
4.35
1.21
NMDC
138.00
1.25
0.91
Top Losers
Company
CMP
Change
% Chg
JINDALSTEL
142.90
5.95
-4.00
TATASTEEL
417.00
15.50
-3.58
ONGC
350.20
10.90
-3.02
RELIANCE
906.00
26.55
-2.85
GAIL
441.80
12.95
-2.85
Stocks at 52 Week’s High
Symbol
Prev. Close
Change
%Chg
JETAIRWAYS
441.00
3.20
0.73
KALPATPOWR
200.05
-2.45
-1.21
SKSMICRO
384.90
-2.05
-0.53
TALWALKARS
267.10
14.45
5.72
WOCKPHARMA
1,057.00
46.90
4.64
Indian Indices
Company
CMP
Change
% Chg
NIFTY
8292.90
-62.75
-0.75
SENSEX
27602.01
-229.09
-0.82
Stocks at 52 Week’s Low
Symbol
Prev. Close
Change
%Chg
CAIRN
251.05
-5.95
-2.32

2. DAILY REPORT
12th DECEMBER 2014
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STOCK RECOMMENDATIONS [FUTURE]
1. STRIDES ACROLOB [FUTURE]
STRIDES ACROLAB FUTURE is looking strong on charts, long
build up has been seen, we may see more upside, if it sus-tains
above 950 levels. We advise buying around 950 levels
with strict stop loss of 930 for the targets of 970-990 levels.
2. IDFC [FUTURE]
IDFC FUTURE is looking strong on charts, long build up has
been seen, we may see more upside, if it sustains above
160 levels. We advise buying on dips around 158-160 levels
with strict stop loss of 155 for the targets of 164-168 levels.
EQUITY CASH & FUTURE
STOCK RECOMMENDATION [CASH]
1. DLINK INDIA
DLINK INDIA is looking strong on charts, we may see more
upside, if it sustains above 150 levels. We advise buying
around 150 levels with strict stop loss of 145 for the tar-gets
of 152-160 levels.
MACRO NEWS
Department of Telecommunications finalises reserve
price for 800, 900 and 1,800 MHz bands.
Reckitt Benckiser has escalated legal spat with Dabur
over Gaviscon and Pudin Hara brands.
Hindalco cuts standalone revenue forecast to 12-14 pct
from 17-20 pct, citing weak domestic demand. Signifi-cant
pension liabilities seen at unit Sylvania in due to
drop in bond yields.
India’s current account deficit (CAD) widened to a five-quarter
high of 2.1% of gross domestic product in the
second quarter ended 30 September, as exports growth
slowed and imports increased because of a rise in de-mand
for gold. Merchandise export growth during the
September quarter slowed to 4.9% from 11.9% during
the same quarter a year ago, while merchandise imports
increased by 8.1% against a decline of 4.8% the second
quarter of 2013-14, largely due to a sharp rise in gold
imports. Net gold imports edged up to $7.6billion in the
second quarter from $7 billion in the previous quarter.

3. DAILY REPORT
12th DECEMBER 2014
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FUTURE & OPTION
MOST ACTIVE PUT OPTION
Symbol
Op- tion
Type
Strike Price
LTP
Traded Volume (Contracts)
Open Interest
NIFTY
PE
8,300
52.3
12,23,101
49,68,900
NIFTY
PE
8,200
24.7
8,78,490
44,20,475
NIFTY
PE
8,400
98.6
6,55,970
41,65,475
BANKNIFTY
PE
18,000
93
74,394
7,26,325
RELAINCE
PE
920
17.65
6,257
11,37,000
LT
PE
1,500
9.55
3,281
1,61,000
SBIN
PE
310
4.8
2,304
13,62,500
TATASTEEL
PE
420
11.5
2,071
6,89,000
MOST ACTIVE CALL OPTION
Symbol
Op- tion
Type
Strike Price
LTP
Traded Volume (Contracts)
Open Interest
NIFTY
CE
8,400
48
13,62,357
41,97,050
NIFTY
CE
8,500
19.65
12,45,980
77,02,975
NIFTY
CE
8,600
8.2
7,59,562
66,56,500
BANKNIFTY
CE
19,000
79
1,09,102
9,17,100
RELAINCE
CE
960
3.65
6,317
11,36,500
INFY
CE
2,000
13.55
4,725
10,53,000
LT
CE
1,600
13.5
4,574
4,27,000
SBIN
CE
320
6.2
4,318
54,91,250
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
42141
987.86
75065
1711.39
773972
17490.74
-723.53
INDEX OPTIONS
1051472
25217.60
1058872
25396.39
2596602
64078.68
-178.79
STOCK FUTURES
65336
2000.31
78379
2403.84
1780635
52681.13
-403.53
STOCK OPTIONS
72881
2282.58
74268
2312.04
79137
2398.54
-29.47
TOTAL
-1335.32
STOCKS IN NEWS Aurobindo Pharma board okays raising USD 350 million via QIP. Tata Chemicals to invest Rs 150 crore in setting up a Nutraceuticals manufacturing unit in Chennai. NimbusFood gets shareholders approval to issue of 23cr convertible equity warrants of Rs 3 each on pref- erential basis. Kolte-Patil Developers allotted 12.25% secured re- deemable taxable non-convertible debentures series aggregating to Rs 40cr through private placement
NIFTY FUTURE
Nifty Future closed negative in the last trading session. We advise selling around 8315-8310 with strict stop loss 8365 for the targets of 8265-8215
INDICES
R2
R1
PIVOT
S1
S2
NIFTY
8,380.43
8,336.67
8,304.53
8,260.77
8,228.63
BANK NIFTY
18,695.60
18,550.30
18,384.35
18,239.05
18,073.10

4. DAILY REPORT
12th DECEMBER 2014
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NCDEX
RECOMMENDATIONS
SILVER
TRADING STRATEGY:
BUY SILVER MAR ABOVE 39050 TGTS 39250,39650 SL BE- LOW 38750
SELL SILVER MAR BELOW 38500 TGTS 38300,38000 SL ABOVE 38800
GOLD
TRADING STRATEGY:
BUY GOLD FEB ABOVE 27400 TGTS 27480,27580 SL BE- LOW 27310
SELL GOLD FEB BELOW 27150 TGTS 27070,26970 SL ABOVE 27240
COMMODITY ROUNDUP
COMEX Gold extended a drop from a seven week high as some profit selling emerged in the commodity after tre- mendous gains at eh start of the week. A crucial break above $1200 per ounce supported the sentiments and the counter jumped above $1230 per ounce on COMEX.
Turmoil in global stocks following a mega sell off in Chinese equities boosted gold. However, the rally faded as global stocks slumped even more yesterday with a heavy bout of selling in crude oil hurting sentiments. Even yesterday the stocks remained bearish and COMEX Gold fell more than ten dollars in intraday moves. The metal now quotes at1222.70 per ounce, down $6.70 per ounce on the day. The MCX Gold futures for February are trading at Rs 27118 per 10 grams, down Rs 73 per 10 grams on the day.
The surplus of Copper as is estimated by various organiza- tions can be questionable if the recent set of expectations of mining major Glenc ore is to be believed. The strong Chi- nese demand and expected mining disruptions could lead to a deficit of up to 1.8 mllion tonnes. The surplus like situa- tion has evolved in past years as well but the same has got fizzled. Indian Copper prices were trading at Rs 405.8 per kg when last seen. The prices tested a high of Rs 405.85 per kg and a low of Rs 403.65 per kg. COMEX Copper was trading at $ 2.90 per pound, up 1.2 cents.
Iron ore prices have declined to a five-year low on falling demand from China and more of oversupply from the world’s two largest miners, BHP Billiton and Rio Tinto. After a high of $163 a tonne in 2011, ore started falling as China, the world’s largest consumer, ordered closure of small and non-viable steel mills.
Ore is currently traded at $73 a tonne in the spot Chinese market, a level not seen since September 2009. The price declined has been 39 per cent so far this calendar year. There has been no iron ore export from October on- wards, as falling prices make Indian exports with 30 per cent duty unviable. Exports were 14.4 mt in 2013-14, a fall of 21.5 per cent from the 18.4 mt in 2012-13.

5. DAILY REPORT
12th DECEMBER 2014
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RECOMMENDATIONS
DHANIYA
BUY DHANIYA JAN ABOVE 13175 TGTS 13205,13255 SL 13125
SELL DHANIYA JAN BELOW 13080 TGTS 13050,13000 SL 13130
GUARSGUM
BUY GUARGUM JAN ABOVE 11800 TGTS 11850,11950 SL 11700
SELL GUARGUM JAN BELOW 11550 TGTS 11500,11400 SL 11640
NCDEX
NCDEX ROUNDUP
Turmeric futures slipped as short selling emerged at higher side amid steady spot market rates. The NCDEX turmeric for the April delivery ended the day at Rs 7658, down Rs 60 or 0.78%. Some stockiest buying is emerging in Turmeric. The arrivals were steady at 800 bags and 2000 bags in Ni- zamaabd and Erode mandis and prices also reported stable at Rs 6300/6400 and Rs 6600 per quintal respectively. The commodity is witnessing steady moves after a sharp surge in the last session. Not much of demand is emerging in Tur- meric right now.
The government has fixed a price of Rs 48.50-49.50 per litre for procurement of ethanol for blending with petrol, a rate much higher than the price oil companies presently pay to buy the sugarcane extract. Oil firms presently pay about Rs 29/litre for ethanol. The Food Ministry had said that ex- sugar mill price of ethanol is around Rs 42.02 per litre. For ethanol suppliers, the landed cost of ethanol at the OMCs depots would be around Rs 49 per litre.
Cardamom gained on the back of buying support at the lower levels amid weak production cues. MCX Cardamom benchmark January delivery ended the day at Rs 866.60, up Rs 15.80 or 1.86%. The MCX Cardamom futures found some support at lower side and inched up on strong de- mand. Cardamom benchmark Cardamom delivery ended the day at Rs 866.60, up Rs 15.80 or 1.86%.
NCDEX INDICES
Index
Value
% Change
CASTOR SEED
4673
-0.70
CHANA
3036
+0.93
CORIANDER
12528
-0.36
COTTON SEED
1395
+0.65
GAUR SEED
4229
-1.97
JEERA
12375
-0.36
MUSTARDSEED
4012
+0.20
SOYBEAN
3250
-0.73
SUGAR M GRADE
2582
-3.87
TURMERIC
6350
+0.70

6. DAILY REPORT
12th DECEMBER 2014
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EUR/INR
BUY EURINR DEC ABOVE 78.10,TGT 78.30,78.50 SL 77.85
SELL EURINR DEC BELOW 77.60 TGT 77.40,77.20 SL 77.80
GBP/INR
BUY JPYINR DEC ABOVE 52.90 TGT 53.10.53.30 SL 52.70
SELL JPYINR DEC BELOW 52.60 TGT 52.40.52.20 SL 52.80
CURRENCY MARKET UPDATES:
The Indian rupee fell to its weakest level against the dollar in more than nine months tracking a decline in domestic shares, although it rebounded on what traders cited as likely intervention by the central bank. The rupee was trad- ing at 62.2750/2800 to the dollar at 0755 GMT, moments after falling to 62.3350, a level last seen on Feb. 20.
A relative outperformer in the past few days, the rupee hit a 10-month low today, sliding to 62.25 against the dollar as Asian currencies tumble across the board on a region-wide fall in stock markets. The sharp correction in the Indian mar- ket is pulling down the currency. The rupee, though depreci- ating, is comparatively stable which may be a cause for con- cern. the rupee is overvalued currently and that the volatil- ity is rising globally.
The RBI is preventing the rupee from strengthening. or in- stance it being supported by the fact that India is clearly again a great place to invest. RBI also seems to be quite wanting to keep it in a narrow range my personal sense is that the volatility is much too low, not only for my business but also because globally volatility is rising and you can’t really be out of step forever.
If the volatility of gold and volatility of Dollar Index Spot (DXY) and of the Yen and of the Turkish Lira everything is going up, Indian rupee volatility needs to go up and if the volatility goes up obviously it will be in the direction of a weaker rupee because the dollar is so much stronger than what it was two months ago.
The euro slid against the Swiss franc on Thursday, closing in on 26-month lows after the Swiss National Bank left rates unchanged and reiterated that it will defend the 1.20 per euro exchange rate cap. The SNB left rates unchanged at zero to 0.25% and warned that deflation risks have risen. It noted that appreciably lower oil prices will push inflation into negative territory during the next four quarters.
RBI Reference Rate
Currency
Rate
Currency
Rate
Rupee- $
62.2059
Yen-100
52.6800
Euro
77.4837
GBP
97.8001
MCX COMMODITIES & CURRENCY

7. DAILY REPORT
12th DECEMBER 2014
YOUR MINTVISORY Call us at +91-731-6642300
CALL REPORT
PERFORMANCE UPDATES
Date
Commodity/ Currency Pairs
Contract
Strategy
Entry Level
Target
Stop Loss
Remark
11/12/14
MCX GOLD
FEB.
BUY
27350
27430-27530
27260
SL TRIGGERED
11/12/14
MCX GOLD
FEB.
SELL
27050
26970-26870
27140
SL TRIGGERED
11/12/14
MCX SILVER
MAR.
BUY
38800
39000-39300
38500
BOOKED PROFIT
11/12/14
MCX SILVER
MAR.
SELL
38300
38100-37800
38800
NOT EXECUTED
11/12/14
NCDEX GUARGUM
JAN
BUY
12250
12300-12400
12140
NOT EXECUTED
11/12/14
NCDEX GUARGUM
JAN
SELL
11990
11940-11840
13080
BOOKED PROFIT
11/12/14
NCDEX DHANIYA
JAN
BUY
13300
13330-13380
13250
NOT EXECUTED
11/12/14
NCDEX DHANIYA
JAN
SELL
13100
13070-13020
13150
BOOKED FULL PROFIT
11/12/14
JPY/INR
DEC.
BUY
52.35
52.50-52.65
52.15
NOT EXECUTED
11/12/14
JPY/INR
DEC.
SELL
52.20
52.05-51.90
52.40
NOT EXECUTED
11/12/14
GBP/INR
DEC.
BUY
97.70
97.90-98.10
97.50
NOT EXECUTED
11/12/14
GBP/INR
DEC.
SELL
97.50
97.30-97.10
97.70
NOT EXECUTED
Date
Scrip
CASH/ FUTURE/ OPTION
Strategy
Entry Level
Target
Stop Loss
Remark
11/12/14
NIFTY
FUTURE
BUY
8430-8435
8480-8530
8380
SL TRIGGERED
11/12/14
TITAN
FUTURE
BUY
393-395
400-405
387
NOT EXECUTED
11/12/14
HINDPETRO
FUTURE
SELL
573
553-520
593
CALL OPEN
11/12/14
ADANIENT
CASH
BUY
452
460-470
444
NOT EXECUTED
10/12/14
NIFTY
FUTURE
SELL
8380-8370
8330-8280
8430
BOOKED PROFIT
10/12/14
JETAIRWAYS
CASH
BUY
415-430
450-470
400
BOOKED PROFIT
08/12/14
JINDALSTEEL
FUTURE
SELL
146
138-128
160
CALL OPEN

8. DAILY REPORT
12th DECEMBER 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, DEC. 08
NONE SCHEDULED
TUESDAY, DEC. 09
7;30 AM
NFIB SMALL BUSINESS INDEX
NOV.
--
96.1
10 AM
JOB OPENINGS
OCT.
--
4.7 MLN
10 AM
WHOLESALE INVENTORIES
OCT.
--
0.3%
WEDNESDAY, DEC. 10
2 PM
FEDERAL BUDGET
NOV.
--
-$135 BLN
THURSDAY, DEC. 11
8:30 AM
WEEKLY JOBLESS CLAIMS
DEC. 6
N/A
N/A
8:30 AM
RETAIL SALES
NOV.
0.2%
0.3%
8:30 AM
RETAIL SALES EX AUTOS
NOV.
0.1%
0.3%
8:30 AM
IMPORT PRICES
NOV.
--
-1.3%
10 AM
BUSINESS INVENTORIES
OCT.
0.3%
0.3%
FRIDAY, DEC. 12
8:30 AM
PRODUCER PRICE INDEX
NOV.
-0.4%
0.2%
9:55 AM
CONSUMER SENTIMENT
DEC.
--
88.8