DAILY FOREX MARKET REPORT AND ANALYSIS FOR 30/sep/2014

MARKET HEADLINES

• Rupee down 25 paise against dollar in early trade

The rupee depreciated by 25 paise to 61.40 against the US dollar in early trade today at the Interbank Foreign Exchange due to month-end demand for the US currency from importers amid a weak opening in the domestic equity market. Forex dealers said besides the dollar's gains against other currencies overseas after US data showed the economy expanded at its fastest pace since 2011 during the April-June quarter, fresh demand from importers for the American unit put pressure on the rupee. The rupee had recovered by 19 paise to close at 61.15 against the dollar in Friday's trade in tune with local equities. Meanwhile, the benchmark BSE Sensex fell by 82.11 points, or 0.31 per cent, to 26,544.21 in early trade today.

• South Korean won falls nearly 1% against the dollar; shares edge lower
  The South Korean won fell nearly 1 per cent on Monday to its lowest close since April 7, as the dollar resumed its broad rally on robust US data and reached a four-year high against a basket of major currencies. The won was quoted at 1,053.8 to the dollar at the conclusion of onshore trade compared to Friday's close of 1,044.4, breaching a key psychological resistance level of 1,050. South Korean shares edged lower on Monday, as a tepid industrial profit report over the weekend continued a string of lacklustre data from China, South Korea's largest export destination. The Korea Composite Stock Price Index (KOSPI) edged 0.25 per cent lower to close at 2,026.60 points. Decliners were led by growth-related counters sensitive to Chinese demands. Steel giant POSCO tumbled 4.5 per cent and DaewooBSE 0.00 % Shipbuilding & Marine Engineering slid 4.3 per cent. 
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Daily Commodity Market Report From Research Via 25/sep/2014

GOLD

Gold futures rose in the domestic market on Wednesday as investors and speculators booked fresh positions in the precious metal as escalating tensions in the Middle East amid US led airstrikes in Syria against Islamic State militants boosted safe haven inflows into the yellow metal. However, the gains in the bullion were curbed by speculation of a rise in US borrowing costs after a top US Fed official saw the case for a rate hike in early 2015, dimming the appeal of the precious metal as a store of value. Gold futures for October 2014 contract, at MCX, is trading at Rs. 26,699 per 10 grams, up by 0.11 per cent, after opening at Rs. 26,672, against the previous closing price of Rs 26,669. It touched an intra-day high of Rs 26,712. (At 11:21 AM).

NICKEL

Amid a weak trend in global market and subdued demand at domestic spot markets, nickel prices fell 0.26 per cent to Rs 1,052.60 per kg in futures trade today as speculators trimmed positions.

At the Multi Commodity Exchange, nickel for delivery in October traded Rs 2.70, or 0.26 per cent, to Rs 1,052.60 per kg in a business turnover of 13 lots.

On the similar lines, the metal for delivery in November shed Rs 1.40, or 0.13 per cent, to Rs 1,058.80 per kg in one lot.

LEAD

Lead prices fell by 0.16 per cent on Wednesday at the domestic markets due to the surge in the lead stockpiles at the London Metal Exchange (LME) on account of the weak demand for the commodity. LME lead stocks rose by 125 metric tonnes to 225375 metric tonnes as on September 24, 2014. At the MCX, Lead futures, for the September 2014 contract, is trading at Rs 125.60 per kg, down by 0.16 per cent, after opening at Rs 125.70, against a previous close of Rs 125.80. It touched an intra-day low of Rs 125.40 till the trading.

AGRO OUTLOOK

The National Commodity & Derivatives Exchange on Wednesday announced the launch of forwards contracts on its national-level electronic platform.

The facility, named Agrim Sauda, will be available from Thursday, initially for sugar and maize. It will be extended to other commodities later.

The forward contracts will offer the benefits of transparent trade practices and national market reach through registered farmer producer organisations.

The introduction of Agrim Sauda is expected to help integrate the commodity ecosystem leading to a more developed and efficient agriculture market.

In addition to farmers, Agrim Sauda will help almost every participant in the segment, including processors, exporters, traders and government procurement agencies.

This may also make price predictability less onerous and is likely to contribute in the development of storage infrastructure for traded commodities in and around major producing and trading areas. With this initiative, a buyer or a seller from one part of the country has the benefit of being able to buy or sell any commodity in any part of the country. 

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RESEARCH VIA EQUITY REPORT FOR 24/SEP/2014

ECONOMY ANALYSIS

• Geopolitical tensions drag Sensex 431 pts; DLF, Cipla crash
• New listing: Sharda Cropchem up 76%, debuts at Rs 260
• NBCC at new high, up 400% YTD; Nomura still sees 49% upside
• Rashtriya Ispat files draft papers for IPO
• SAIL OFS deferred in September due to share price fall
• Tech Mahindra signs multi-year contract with Finnish co
  
  
  MARKET ANALYSIS
  
  
  
• The S&P BSE Sensex posted its biggest single-day fall in two-and-a-half months on Tuesday tracking weak trend seen in other Asian markets.
• Global stocks saw some bit of profit booking on disappointment over European manufacturing data and concerns about an unemployment measure in a survey in China.
• The S&P BSE Sensex which bounced back in trade on Monday came under some intense selling pressure in trade on Tuesday. The index slipped as much as 462 points in trade to close below its crucial psychological level of 27000.
• The 30-share BSE Sensex closed at 26775.69, down 431 points or 1.58 per cent. It touched a high of 27256.87 and a low of 26744.07 in early trade.
• Tracking the momentum, the 50-share Nifty index slipped below its crucial psychological level of 8100 and is now trading near key support levels of 8000.
• The 50-share Nifty index ended at 8017, down 128 point or 1.58 per cent. It touched a high of 8159.75 and a low of 8008.10 in early trade. ticleshow/43228933.
  
  
  DAILY PIVOTS
  

  
  

  INDEX	S1	S2	PP	R1	R2
  NIFTY	7963	7910	8061	8114	8212
  BANK NIFTY	15787	15667	16013	16133	16359

  
  
  
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DAILY SHARE MARKET ANALYSIS AND REPORT 23/SEP/2014 | Nifty Futures Tips

DAILY SHARE MARKET ANALYSIS AND REPORT 23/SEP/2014 | Nifty Futures Tips

DAILY NIFTY MARKET ANALYSIS AND REPORT 23/SEP/2014 | Nifty Outlook

DAILY NIFTY MARKET ANALYSIS AND REPORT 23/SEP/2014 | Nifty Outlook

RESEARCH VIA DAILY COMMODITY REPORTS 23/SEP/2014

DAILY BUZZ 

GOLD

Gold futures ended lower in the domestic market on Friday as investors and speculators exited positions in the precious metal tracking a weak trend in the overseas market amid fears that the US Federal Reserve is moving closer to raising borrowing costs after the world’s top central bank raised its interest rate projections for end 2015, dimming the appeal of the precious metal as a store of value. A stronger dollar curbed the demand for the bullion as an alternative asset. Stronger dollar makes the precious metal expensive to those holding other currencies, thus dimming demand. A rally in equities curbed the demand for the yellow metal as an alternative asset. A decision by Scotland to remain as part of the UK following a referendum, in which 54 per cent people voted against an independent Scotland, dimmed the safe haven appeal of the bullion. Gold futures may continue the downward journey as a slump in bullion-backed exchange traded holdings signaled weaker investment demand. Gold futures for October 2014 contract, at MCX, closed at Rs. 26,496 per 10 grams, down by 0.61 per cent, after opening at Rs. 26,634, against the previous closing price of Rs 26,659. It touched an intra-day low of Rs 26,461.

ZINC

Zinc prices were down by 1.88 per cent to Rs 135.45 per kg in futures trade today as speculators offloaded their positions tracking a weak trend overseas.

At the Multi Commodity Exchange, zinc for delivery in current month plunged by Rs 3.60, or 1.88 per cent, to Rs 135.45 per kg in a business turnover of 679 lots.

Likewise, the metal for delivery in October weakened by Rs 2.45, or 1.77 per cent, to Rs 136.25 per kg in 91 lots.

LEAD

Lead prices fell by 1.62 per cent on Monday at the domestic markets as a result of low demand for the commodity from battery-maker in the spot market in the midst of weak overseas trend. At the MCX, Lead futures, for the September 2014 contract, is trading at Rs 124.65 per kg, down by 1.62 per cent, after opening at Rs 126.05, against a previous close of Rs 126.70. It touched an intra-day low of Rs 124.40 till the trading. (At 3.30 PM today).

CARDAMOM

Cardamom prices fell by 0.01 per cent on Monday at the Multi Commodity Exchange (MCX) due to the adequate stocks availability in the physical market on account of higher supply from the producing belts of Chandausi in Uttar Pradesh. At MCX, Cardamom futures for October 2014 contract were trading at Rs. 888 per kg, down by 0.01 per cent, after opening at Rs. 889 against the previous closing price of Rs. 888.10. It touched the intra-day low of Rs. 884 till the trading. (At 10.37 AM today).

CORIANDER

Coriander prices fell by 0.66 per cent on Monday at the National Commodity & Derivatives Exchange Limited (NCDEX) as the adequate stocks availability in the physical market put pressure on coriander prices. At the NCDEX, coriander futures for October 2014 contract were trading at Rs. 11,516 per quintal, down by 0.66 per cent, after opening at Rs. 11,575 against the previous closing price of Rs. 11,593. It touched the intra-day low of Rs. 11,495 till the trading. (At 11.09 AM today).

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TODAY'S SURE SHOT STOCK CASH AND FUTURES TIPS

REVIA FUTURE: BUY APOLLO TYRE ABOVE 208 TGTS 208.75/210/211.75 SL 207 (9977785000) WWW.RESEARCHVIA.COM
REVIA FUTURE: APOLLO TYRE HIT 1ST TGTY 208.75 HIGH OF 208.85 BOOK PART PROFIT (9977785000) WWW.RESEARCHVIA.COM
REVIA FUTURE: APOLLO TYRE HIT 2ND TGT 210 HIGH OF 211.30 BOOK MORE PROFIT (9977785000) WWW.RESEARCHVIA.COM

 
REVIA ULTRA FUTURE: BUY IRB INFRA ABOVE 254.20 TGTS 254.85/255.70 SL 253.55 (9977785000) WWW.RESEARCHVIA.COM
REVIA ULTRA FUTURE: IRB INFRA HIT 1ST TGT 254.85 BOOK PART PROFIT (9977785000) WWW.RESEARCHVIA.COM
REVIA FUTURE: IRB INFRA HIT FINAL TGT 255.70 HIGH OF 256.30 BOOK FULL PROFIT (9977785000) WWW.RESEARCHVIA.COM

REVIA FUTURE: SELL ADANI PORTS BELOW 292.20 TGTS 291.45/290.20/288.45 SL 293.20 (9977785000) WWW.RESEARCHVIA.COM
REVIA FUTURE: ADANI PORTS HIT 1ST TGT 291.45 LOW OF 290.55 NEAR TO OUR 2ND TGT 290.20 BOOK PROFIT (9977785000) WWW.RESEARCHVIA.COM

REVIA FUTURE: SELL SSLT BELOW 284.30 TGTS 282.55/281.30/279.55 SL 285.30 (9977785000) WWW.RESEARCHVIA.COM
REVIA FUTURE: BOOK PART PROFIT IN SSLT SELL CALL AT CMP 283.40 (9977785000) WWW.RESEARCHVIA.COM

REVIA CASH: SELL CROMPTON BELOW 218.20 TGTS 216.20/213.50/209 SL 220.20 (9977785000) WWW.RESEARCHVIA.COM
REVIA CASH: CROMPTON HIT 1ST TGT 216.20 LOW OF 216.10 BOOKP ART PROFIT  (9977785000) WWW.RESEARCHVIA.COM
REVIA CASH: CROMPTON HIT FINAL TGT 213.50 LOW OF 212.10 BOOK MORE PROFIT (9977785000) WWW.RESEARCHVIA.COM

REVIA FUTURE: SELL DLF BELOW 174.60 TGTS 173.85/172.60/170.85 SL 175.60  (9977785000) WWW.RESEARCHVIA.COM
REVIA FUTURE: DLF HIT 1ST TGT 173.85 LOW OF 173.75 BOOK PART PROFIT (9977785000) WWW.RESEARCHVIA.COM

REVIA ULTRA FUTURE: BUY APOLLO TYRE ABOVE 210 TGTS 211.25/213 SL 208.75 (9977785000) WWW.RESEARCHVIA.COM
REVIA ULTRA FUTURE: APOLLO TYRE HIT 1ST TGT 211.25 HIGH OF 211.50 BOOK PART PROFIT  (9977785000) WWW.RESEARCHVIA.COM

REVIA FUTURE BONANZA: BUY IRB INFRA ABOVE 254.50 TGT 257.50 SL 252.50 (9977785000) WWW.RESEARCHVIA.COM
REVIA FUTURE BONANZA: BOOK PART PROFIT IN IRB INFRA BUY CALL AT CMP 256 (9977785000) WWW.RESEARCHVIA.COM

REVIA NIFTY: BUY BANK NIFTY ABOVE 16170 TGTS 16220/16290/16390 SL 16120 (9977785000) WWW.RESEARCHVIA.COM
REVIA NIFTY: BANK NIFTY MADE A HIGH OF 16210 NEAR TO OUR 1ST TGT 16220 BOOK PART PROFIT AT CMP (9977785000) WWW.RESEARCHVIA.COM

REVIA ULTRA CASH: SELL AXIS BANK BELOW 401 TGTS 399/392 SL 405 (9977785000) WWW.RESEARCHVIA.COM
REVIA ULTRA CASH: AXIS BANK HIT 1ST TGT 399 LOW OF 398.50 BOOK PART PROFIT (9977785000) WWW.RESEARCHVIA.COM

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