DAILY REPORT

17th DECEMBER. 2013

Global markets at a glance The Dow Jones industrial average rose 129.21 points or 0.82 percent, to 15,884.57, the S&P 500 gained 11.22 points or 0.63 percent, to 1,786.54 and the Nasdaq Composite added 28.54 points or 0.71 percent, to 4,029.51. European shares rebounded on Monday from a four-day losing streak, led by a rise in German equities that helped offset concerns over future U.S. monetary policy. The panEuropean FTSEurofirst 300 index ended up 1.3% at 1,258.31 points, while the euro zone's blue-chip Euro STOXX 50 index rose by around 2% to 2,978.77 points. Asian shares got off to a promising start on Tuesday on the back of rising U.S. manufacturing output and a jump in euro zone business activity Wall Street Update US stocks rose on Monday after closing Friday their worst week since August as upbeat economic data from the United States and Europe boosted optimism ahead of a key Federal Reserve decision later in the week. In Tokyo, Nikkei futures advanced 0.8 percent, indicating a firmer open after shedding 1.6 percent to a 3-1/2 week closing low on Monday. Previous day Roundup The market closed lower for the fifth consecutive session on Monday. The Sensex fell 50.14 points to 20,665.44, and the Nifty lost 13.70 points to 6,154.70. About 1092 shares have advanced, 1312 shares declined, and 183 shares were unchanged. Index stats The Bankex and Bank Nifty both declined. Among the sartorial indices the sectors which closed up are; Capital Goods [up 43.71pts], Consumer Durables [up 67.28pts], Metals [up 19.35pts], Realty [up 1.73pts], TECK [up 49.31pts], IT [up 133.63pts], Power [up 5.39pts], and Healthcare [up 76.06pts], the index slipped were Oil & Gas [down 137.61pts], AUTO [down 84.8pts], PSU [down 16.42pts],FMCG [down 31.16pts].

World Indices
Index DJl S&P 500 NASDAQ EURO STO FTSE 100 Nikkei 225 Hong Kong Value 15,884.57 1,786.54 4,029.52 2,978.77 6,522.20 15,283.94 23,190.44
CMP Change

% Change +0.82 +0.63 +0.71 +1.95 +1.28 +0.66 +0.39

% Chg

Top Gainers
Company

SSLT INFY POWERGRID TATAPOWER COALINDIA

199.75 3,451.00 99.20 287.00 287.00

CMP

7.85 77.15 1.70 1.40 3.90

Change

+4.09 +2.29 +1.74 +1.61 +1.38

% Chg

Top Losers
Company

Stocks at 52 Weeks high

Symbol

M&M JINDLASTEL SUNPHARMA RELIANCE INDUSINDBK

932.05 252.40 557.00 845.00 417.65

27.50 7.40 14.15 19.70 15.95

Change

-2.89 -2.85 -2.48 -2.28 -3.43

%Chg

Prev. Close

ASTRAL AUROPHARMA BFUTILITIE DELTACORP HCLTECH

282.05 350.00 432.65 104.2 1181.15

7.55 40.00 20.60 7.35 7.85

+2.75 +12.90 +5.00 +7.59 +0.66

Stocks at 52 Weeks Low

Symbol Prev. Close Change %Chg

BEL DSKULKARNI

1006.00 48.50
CMP

18.35 0.20
Change

-1.79 -0.41
% Chg

Indian Indices
Company NIFTY SENSEX

6,154.70 20,559.52

-13.70 -56.06

-0.22 -0.27

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DAILY REPORT
17th DECEMBER. 2013

EQUITY CASH & FUTURE

STOCK RECOMMENDATIONS [FUTURE] 1. TECH MAHINDRA

STOCK RECOMMENDATION [CASH] 1. TATA ELXSI

TECH MAHINDRA FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it continues to sustain above 1750. We advise buying around 1740-1750 levels with strict stop loss 1715 for the targets of 1770-1790 levels. 2. ADANI ENTERPRISES

TATA ELXSI is looking strong on charts. We advise buying around 340-345 levels with strict stop loss of 330 for the targets of 355-365 levels. MACRO NEWS The Indian wholesale price index (WPI) for the month of November shot up to a 14-month high of 7.52% vs 7%in the previous month, led by higher primary, food and fuel prices. The street was largely expecting the November WPI to stay at 7 percent. The September WPI number has also been revised upwards at 7.05% from the provision figure of 6.46. GlaxoSmithKline plc announced a voluntary open offer to increase its stake in its publicly-listed pharmaceuticals subsidiary in India, GlaxoSmithKline Pharmaceuticals Limited , from 50.7 percent to up to 755 at a price of Rs 3,100 per share. With this latest India deal, GSK is set to spend close to $2 billion in roughly a year to increase its holdings in two listed Indian companies, its biggest incremental investment in any country in that period. Foreign institutional investors sold Indian shares worth 4.32 billion rupees ($69.49 million) on Friday, to snap their 10-day buying streak, raising concerns ahead of the Fed's meeting ending on Wednesday. Reserve Bank of India likely to hike repo rate by 25bps. Government may stop charging market rates for bulk diesel purchase.

ADANI ENTERPRISES FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it continues to sustain above 260. We advise buying above 260 levels with strict stop loss 255 for the targets of 265270. YOUR MINTVISORY

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DAILY REPORT
17th DECEMBER. 2013

FUTURE & OPTION

MOST ACTIVE PUT OPTION

Symbol Option Type PE PE PE PE PE PE PE PE Option Type CE CE CE CE CE CE CE CE CE Strike Price 6,100 6,200 6,000 1,700 3,400 1,100 400 Strike Price 6,300 6,200 6,400 12,000 1,800 2,100 860 3,500 2,050 LTP Traded Volume (Contracts) 2,72,973 2,53,099 1,79,103 26,799 4,522 3,037 2,075 2,042 Traded Volume (Contracts) 3,34,185 3,00,676 1,89,617 24,280 6,050 3,501 3,293 3,058 2,914 Open Interest 49,03,150 35,53,000 56,49,700 4,04,000 2,23,000 1,84,750 3,28,750 14,13,000 Open Interest 71,36,150 38,32,300 49,25,300 4,34,050 3,75,500 4,90,750 5,95,250 1,09,875 1,88,250

NIFTY NIFTY NIFTY BANK NIFTY SBIN INFY ICICIBANK TATASTEEL Symbol

43.00 84.50 19.45 26.00 22.40 30.70 4.85 LTP

11,000 102.55

STOCKS IN NEWS SBI reported a 33% decline in its advance tax payment for the December quarter at Rs 1,130 crore. RIL to exit non-veg business as it hurts religious sentiment. Walmart gets CCI nod to buy Bharti's stake in Indian JV. Public sector banks to go on strike on December 18. CCI clears purchase of Heidelberg's Raigad unit by JSW Steel. NIFTY FUTURE

MOST ACTIVE CALL OPTION

NIFTY NIFTY NIFTY BANKNIFTY SBIN TCS RELIANCE INFY TCS

27.40 62.00 10.00 62.90 20.80 11.05 9.00 26.05 25.40

Nifty Future closed in the red in the last trading session. We advise selling on rise around 6200 with strict stop loss of 6240 for the targets of 6160-6120 levels.

FII DERIVATIVES STATISTICS

BUY SELL OPEN INTEREST AT THE END OF THE DAY Amount in Crores 18322.58 53303.39 31801.51 1371.25 TOTAL NET AMOUNT -563.52 -458.61 71.68 -29.28 -979.72 No. of Amount in No. of Amount in No. of Contracts Crores Contracts Crores Contracts INDEX FUTURES INDEX OPTIONS STOCK FUTURES STOCK OPTIONS 33039 320587 56461 34815 1011.83 9702.47 1642.93 995.58 51380 334463 55362 35800 1575.35 10161.08 1571.25 1024.86 594990 1738898 1162702 51706

INDICES
NIFTY NIFTYJUNIOR BANK NIFTY YOUR MINTVISORY

S2
6124.13 12194.13 11243.35

S1
6139.41 12237.66 11308.15

PIVOT
6161.33 12272.63 11374.5

R1
6176.61 12316.16 11439.3

R2
6198.53 12351.13 11505.65

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DAILY REPORT
17th DECEMBER. 2013

COMMODITY MCX
COMMODITY ROUNDUP A two day US Fed policy makers meet is scheduled to end on Wednesday and traders may get further clues for their trading from the meeting statement. US gold futures continued its negative trend on Monday and was seen trading down on concerns that US Central Bank may start reducing its monetary stimulus soon. India gold futures edged lower on Monday tracking a weak trend in the global market. Appreciation of Indian Rupee (INR) against US Dollar (USD) may have put pressure on the commodity prices to certain extent. HSBC Flash China Manufacturing Purchasing Managers Index (PMI) was down at 50.5 in December lower when compared to 50.8 in November. Flash China manufacturing output index is reported at 51.8 in December (52.2 in November), a two-month low.

RECOMMENDATIONS SILVER

TRADING STRATEGY: BUY SILVER ABOVE 45700 TGTS 45900/46200 SL 45350 SELL SILVER BELOW 45200 TGTS 45000/44700 SL 45550 GOLD

US mines have produced 19300 kilograms of gold in September this year, a decline of 5% when compared to 20400 kg in the previous month and slightly down when compared to 19600 kg in the same period last year. MCX GOLD February contract was closed at Rs 28831 down Rs 601 , or- 2.04 percent. The GOLD rate touched an intraday high of Rs 29371 and an intraday low of Rs 28766. So far 23761 contracts have been traded. Gold Price was taking support at 29250 and traded in sideways range all day. In evening session gold price broke the nearest SUPPORT of 29150 and made new low of 28766 MCX SILVER March contract was closed at Rs 45330 UP Rs 554, or 1.24 percent. The SILVER rate touched an intraday high of Rs 45665 and an intraday low of Rs 44062. 26492 contracts had been traded. Silver opened at morning with gap up and made day low. In mid session silver trade in big range and made night high 45665 . After 8.00 p.m. there had seen more buying pressure in silver and it will helpful to break the nearest resistance of 45700. India Govt drive to reduce gold consumption to discourage gold imports, reduce Current Account Deficit (CAD) caused increase in smuggling activity and reduced gold jewellery exports.

TRADING STRATEGY: BUY GOLD ABOVE 28930 TGTS 29010/29110 SL 28820 SELL GOLD BELOW 28690 TGTS 28610/28510 SL 28810

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DAILY REPORT
17th DECEMBER. 2013

NCDEX

RECOMMENDATIONS CASTORSEED

NCDEX INDICES Index Value % Change

Barley Castor Seed Chana Chilli Coriander Cotton Seed Oilcake Jeera Mustard seed Ref Soya Oil Turmeric

1440 4861 2840 7348 8015 1406 12980 3620 697 5200

-0.17 +3.03 -1.05 +0.08 +2.82 -0.92 +0.12 -1.42 +0.15 +1.21

BUY CASTORSEED ABOVE 4880 TGTS 4910,4960 SL 4830 SELL CASTORSEED BELOW 4650 TGTS 4620,4570 SL 4700 DHANIYA

NCDEX ROUNDUP Panel to discuss more sops for sugar mills on December 18. Jeera prices traded up by 0.73% to Rs 13,060 per quintal in futures trade yesterday as speculators created fresh positions supported by pick up in demand in the spot market. At the National Commodity and Derivatives Exchange, jeera for delivery in December rose by Rs 95, or 0.73%, to Rs 13,060 per quintal with an open interest of 2,190 lots. Similarly, the spice for delivery in January traded higher by Rs 80, or 0.61%, to Rs 13,122.50 per quintal in 6,834 lots. speculators created fresh positions supported by pick up in demand in the spot market that helped jeera prices to trade higher at futures trade. Coriander prices rose 2.43% to Rs 8,335 per quintal in futures trading today on strong demand in the spot market against limited arrivals from producing belts. At the National Commodity and Derivative Exchange, coriander for delivery in January gained Rs 198, or 2.43%, to Rs 8,335 per quintal with an open interest of 33,610 lots. Similarly, the spice for delivery in December traded higher by Rs 181, or 2.32%, to Rs 7,976 per quintal in 870 lots. Besides strong demand in the spot market, restricted arrivals from producing regions mainly pushed up coriander prices at futures trade.

SELL DHANIYA BELOW 8355 TGTS 8325,8275 SL 8395 BUY DHANIYA ABOVE 8460 TGTS 8490,8540 SL 8410

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DAILY REPORT
17th DECEMBER. 2013

CURRENCY

RBI Reference Rate

Currency Rate Currency Rate

Rupee- $ Euro JPY/INR

62.1024 Yen-100 85.4284 GBP

60.4000 101.2704

CURRENCY ROUNDUP The dollar pulled back further against the yen from a fiveyear high set on Friday. The greenback was at 103.08 yen after easing 0.3 percent on Monday. Ahead of the Reserve Bank of Australia policy meeting minutes, the Australian dollar was down a tad at$0.8944, near a 3-1/2 month low of $0.8909 set on Friday. The dollar moved largely lower against most major currencies on Monday after hit-or-miss economic indicators released earlier cast doubts on recent expectations for the Federal Reserve to announce plans to taper its USD85 billion in monthly asset purchases at a policy meeting this week. The euro held the upper hand on Tuesday after surprisingly strong euro zone manufacturing data, while uncertainty over when the Federal Reserve would start to trim its economic stimulus program kept the dollar on the defensive. The Reserve Bank of India said on Monday it accepted all 58 bids for 384.50 billion rupees ($6.19 billion) at its one-day repo auction, through which it injects liquidity into the banking system. It accepted both bids for 8.03 billion rupees ($129.2 million) at its one-day reverse repo auction, through which it absorbs excess liquidity from the banking system. Indian banks' refinancing with RBI rises to 264.95 billion rupees. Indian banks' cash balances with RBI marginally lower at 3.11 trillion rupees. The Indian rupee gained on Monday, snapping three days of losses on inflows tied to dollar sales from foreign banks and corporate, even as high wholesale prices virtually sealed the case for a rate hike on Wednesday. The partially convertible rupee closed at 61.73/74 per dollar compared with 62.125/135 on Friday. It rose 0.7 pct in session, its biggest single day gain in nearly a month. In the offshore non-deliverable forwards, the one-month contract was at 62.15 while the three-month was at 63.02.

SELL JPY/INR BELOW 59.95 TGTS 59.76,59.60 SL 60.36. BUY JPY/INR ABOVE 60.74 TGTS 60.94, 61.16 SL 60.33. GBP/INR

SELL GBP/INR BELOW 100.83 TGTS 100.66,100.44 SL 101.28. BUY GBP/INR ABOVE 101.70 TGTS 101.86,102.03 SL 101.25.

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DAILY REPORT
17th DECEMBER. 2013

CALL REPORT
PERFORMANCE UPDATES

Date 16/12/13 16/12/13 16/12/13 16/12/13 16/12/13 16/12/13 16/12/13 16/12/13 16/12/13 16/12/13 16/12/13 16/12/13

Commodity/ Currency Pairs MCX GOLD MCX GOLD MCX SILVER MCX SILVER NCDEX CASTOR SEED NCDEX CASTOR SEED NCDEX DHANIYA NCDEX DHANIYA USD/INR USD/INR EUR/INR EURINR

Contract DEC DEC. DEC DEC JAN. JAN. JAN JAN DEC. DEC. DEC. DEC. CASH/ FUTURE/ OPTION FUTURE FUTURE FUTURE CASH CASH FUTURE CASH

Strategy Entry Level BUY SELL BUY SELL SELL BUY BUY SELL SELL BUY SELL BUY 29500 29250 45050 44500 4640 4880 8380 7950 62.21 62.48 85.34 85.64

Target 29580-29680 29170-29070 45300-45650 44250-43900 4615-4580 4905-4940 8405-8440 7925-7980 61.99-61.75 62.62-62.75 85.18-84.97 85.79-85.92

Stop Loss 29390 29360 44750 44800 4680 4840 8345 7995 62.60 62.09 85.74 85.24

Remark NOT EXECUTED BOOKED FULL PROFIT BOOKED FULL PROFIT BOOKED PROFIT NOT EXECUTED NOT EXECUTED BOOKED FULL PROFIT NOT EXECUTED BOOKED PROFIT NOT EXECUTED BOOKED PROFIT BOOKED PROFIT

Date

Scrip

Strategy

Entry Level Target

Stop Loss

Remark

16/12/13 16/12/13 16/12/13 16/12/13 13/12/13 12/12/13 11/12/13

NIFTY TATAMOTORS AURO PHARMA BF UTILITIES JINDAL PHOTO HCLTECH SASKEN COMM

SELL BUY BUY BUY BUY BUY BUY

6180 368-372 314 410-415 130-135 1180 176

6150-6120 378-384 318-324 425-440 145-155 1200-1220 186-196

6240 360 309 400 122 1160 166

CALL OPEN CALL OPEN BOOKED FULL PROFIT NOT EXECUTED CALL OPEN CALL OPEN BOOKED PROFIT

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DAILY REPORT
17th DECEMBER. 2013

ECONOMIC CALENDAR
US ECONOMIC REPORT

TIME (ET)

REPORT

PERIOD

ACTUAL

CONSENSUSFORECAST

PREVIOUS

MONDAY, DEC. 16 8:30 AM 8:30 AM 9:15 AM 9:15 AM EMPIRE STATE INDEX PRODUCTIVITY REVISION INDUSTRIAL PRODUCTION CAPACITY UTILIZATION DEC. Q3 NOV. NOV. TUESDAY, DEC. 17 8:30 AM 8:30 AM 8:30 AM 10 AM CONSUMER PRICE INDEX CORE CPI CURRENT ACCOUNT HOME BUILDERS' INDEX NOV. NOV. Q3 DEC. WEDNESDAY, DEC. 18 8:30 AM 8:30 AM 2 PM 2:30 AM HOUSING STARTS BUILDING PERMITS FOMC STATEMENT BERNANKE PRESS CONFERENCE THURSDAY, DEC. 19 8:30 AM 10 AM 10 AM 10 AM WEEKLY JOBLESS CLAIMS EXISTING HOME SALES PHILLY FED LEADING INDICATORS 12/14 NOV. DEC. NOV. FRIDAY, DEC. 20 8:30 AM GDP REVISION Q3 Disclaimer
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4.0 2.4% 0.5% 78.4%

-2.2 1.9% -0.1% 78.1%

0.1% 0.1% -55

-0.1% 0.1% -$99 BLN 54

NOV. NOV.

950,000 1.00 MLN

891,000 (AUG) 1.04 MLN

N/A 5.05 MLN 10.0 --

N/A 5.12 MLN 6.5 0.2%

3.6%

3.6%

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