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9th Jan 2014

MARKET DIARY
SGX NIFTY : 6182 ( 11pts Down )

Quote of The Day


"Individuals who cannot master their emotions are ill-suited to profit from the investment process." Benjamin Graham

MARKET
Name Sensex Nifty DOW NASDAQ CAC DAX FTSE NIKKIE HANG SENG EW ALL SHARE Value 20729.38 6174.6 16764.25 4165.61 4260.96 9497.84 6721.78 15932.78 22959.16 10038.84 Change 36.14 12.35 (68.20) 12.43 (1.72) (8.36) (33.67) (188.69) (37.43) 42.53

Chart of the Day Imports by Destination ( Apr- Oct 2013)

INSTITUTIONAL TURNOVER
FII Investor 8th Jan, 14 Buy(Cr.) 2789.11 11444.18 11444.18 DII Investor 8th Jan, 14 Jan,14 2014 Buy(Cr.) 1114.10 5511.76 5511.76 Sale(Cr.) 1,202.25 6,255.65 6,255.65 Net(Cr.) (88.15) (743.89) (743.89) Sale(Cr.) 2,709.43 11,584.28 11,584.28 Net(Cr.) 79.68 (140.10) (140.10)

Index Action-Nifty (8th Jan, 14)

Jan,14 2014

Contents Economic calendar News Derivative Research

Index

Page 4 3 2

Coverage UPDATE UPDATE UPDATE

COMMODITY PRICE COMMODITY/CURRENCIES Value GOLD 28830.00 SILVER 44010.00 CRUDEOIL 107.40 COPPER NATURALGAS DOLLAR/RS. EURO/RS. POUND/RS. 463.68 264.90 62.07 84.34 102.26

Narnolia Securities Ltd.


124, 1st floor 7/1, Lords Sinha Road Kolkata -700071. Ph 033-22821500/01/02/03/04 Mob : 9830013196 email: research@narnolia.com, website : www.narnolia.com

Derivative Research
NIFTY SNAPSHOT Nifty Spot Nifty Jan 2014 Future Nifty Feb 2014 Future Nifty Jan 2014 Open Interest Nifty Feb 2014 Open Interest 7 DMA of Spot Nifty 21 DMA of Spot NIfty 50 DMA of Spot Nifty VOLATILITY INDEX (VIX) PUT CALL RATIO Nifty (Jan Series) Option OI Distribution: 6174.60(+12.35) 6197 6234 17266850 1450950 6223 6238 6195 16.32(0.00) 0.98 GRAPH

Index Outlook

Activity of Nifty (Jan Series) Strike CALL OI % Chng 6000 915600 0.6 6100 1111000 0.7 6200 3077450 6.0 6300 5105500 -3.1 6400 4217650 7.1 6500 3952650 -24.3 Fresh Long Seen In (Rising OI -Rising Price) Scrip OI OI ch% SYNDIBANK 76,32,000 59.7 ALBK 85,64,000 59.7 IDBI 116,84,000 29.1 BANKINDIA 79,08,000 26.3 UNIONBANK 112,00,000 23.4 RISE IN PCROI STOCK T1 JSWENERGY 0.53 GLENMARK 0.06 BANKINDIA 0.53 FRL 0.43 SUNPHARMA 0.49

PUT OI 4881000 4461900 4169300 2430750 1073650 658300 CMP 99.4 99.2 66.8 242.0 129.3 T2 0.24 0.03 0.37 0.31 0.36 % Chng 1.0 7.2 2.0 0.6 1.5 1.2 Ch% 8.0 7.0 4.0 4.7 4.3

FIIs Activity (Fig in Cr) Segment INDEX FUTURE INDEX OPTION STOCK FUTURE STOCK OPTION TOTAL

Buy 1,354 10,606 1,983 1,315 15,259

Sell 2,684 10,572 1,849 1,268 16,373

Net (1,329) 34 134 47 (1,115)

Fresh Shorts Seen In: (Rising OI -Falling Price) Scrip OI OI ch% IOC 57,49,000 18.2 ABIRLANUVO 6,75,750 7.6 IDFC 336,48,000 6.7 YESBANK 134,46,000 6.5 DISHTV 177,76,000 6.4 FALL IN PCROI STOCK T1 CESC 0.4 ADANIENT 0.4 HINDPETRO 0.4 HINDZINC 0.2 TATAMTRDVR 0.3

CMP 195.5 1170.9 102.3 357.4 55.2 T2 0.6 0.5 0.5 0.3 0.4

Ch% -2.2 -2.6 -1.4 -2.1 -2.0

Markets Snapshot
Top Price Performers Top Performers 1D MAFATLAIND KSK GRAVITA WSTCSTPAPR EVERONN Worst Price Performers Worst Performers 1D SOUISPAT ADINATHBI ZENITHBIR EDL DALMIASUG % Change (9.72) (8.33) (7.92) (7.63) (7.08) Worst Performers 1W PRADIP GLOBALCA ORCHIDCHEM KANANIIND INDINFO % Change (22.19) (21.26) (19.42) (19.24) (18.38) Worst Performers 1M STAR GLOBALCA INDINFO CURATECH ONELIFECAP % Change (59.41) (49.36) (36.96) (34.81) (32.15) % Change 19.99 19.95 19.95 19.93 19.74 Top Performers 1W FINANTECH MBLINFRA QUADRANT EVERONN FIRSTLEASE % Change 58.68 51.54 45.42 40.82 39.67 Top Performers 1M RAMSARUP BILENERGY MLKFOOD FINANTECH GLOBOFFS % Change 105.67 91.36 90.81 89.50 88.79

Top News :
Sobha Developers Mgt Guideline : Company have been under pressure in the past few days after the company released a sales update indicating it would miss its FY14 sales guidance . The company had said it intended to sell 4.2 million square feet for sales of Rs 2,600 crore in FY14 but in the first nine months of FY14, it has only managed to sell 2.66 million square foot. Third-quarter sales had been a disappointment. Mgt attributed the slowdown to weakness to below-average performance seen in the NCR region and some delays in Bangalore property launches. While admitting FY14 sales guidance looked difficult to achieve . Mgt did not expect the weakness to continue into next year. Jaihind Projects Ltd has bagged two Work Orders from M/s. Indian Oil Corporation Limited (IOC) for worth Rs. 30.39 cr & Rs. 14.17 cr and one Work Order from M/s. Gujarat State Petronet Limited (GSPL) worth Rs. 3.71 cr. Gillette India Clarification : News regarding "Delisting Buzz Fuels Gillette Stock Surge", Gillette India Ltd has clarified to BSE that, "the Company has no plans for an open offer or delisting. The said news regarding possibility of an open offer by the Company or delisting of the Company is untrue. In fact, the Company has recently successfully completed a sell-down of shares to deliver compliance with SEBI's minimum public shareholding requirement. Titagarh Wagons has divested its entire holding in Barrackpore Enterprises Private Limited (BEPL) {formerly Titagarh FreightCar Private Limited} on December 31, 2013 and accordingly BEPL is no longer a wholly owned subsidiary of the Company. Tata Steel has been fined 25,000 pounds and ordered to pay 8,320 pounds in legal costs over a worker's injury at its plant in Wales.Tata Steels UK unit was found guilty of safety failings after the worker suffered serious injuries to his hand at the Trostre plant in Llanelli. ICRA has assigned the fundamental grade '5' and the valuation grade 'B' to GAIL (India) Limited. The fundamental grade "5" assigned to GAIL implies that the company has "Very Strong Fundamentals . Aban Offshore Ltd has informed that a letter of award has been received for the deployment of the jack-up rig Deep Driller 5 (owned by the Company's step down subsidiary) Offshore Vietnam, for a firm period of 1 year and an optional period of 1 year. The estimated revenues from the deployment during the firm period is about USD 61.3 Million (equivalent to approx. Rs. 380 Crores). The Contract is likely to commence during April 2014. Eurostat said that the euro zones unemployment rate held steady at a seasonally adjusted 12.1% in November, in line with expectations and unchanged from October. Eurostat said retail sales jumped by a seasonally adjusted 1.4% in November, easily surpassing expectations for a 0.2% gain. Retail sales fell 0.4% in October, whose figure was revised from a previously reported decline of 0.2%. Deutsche Bundesbank said factory orders surged by a seasonally adjusted 2.1% in November, surpassing expectations for a gain of 1.5%. Factory orders fell by 2.1% in October, whose figure was revised from a previously reported drop of 2.2%.

Economic Calendar
Monday 6-Jan-14 Tuesday 7-Jan-14 Wednesday 8-Jan-14 Thursday 9-Jan-14 Friday 10-Jan-14

US

German Prelim CPI m/m , Spanish Services PMI , Italian Services PMI , Final Services PMI , French 10-y Bond Auction , Services PMI .

Trade Balance , IBD/TIPP Economic Optimism , BRC Shop Price Index y/y .

ADP Non-Farm Employment Change , Unemployment Claims , Challenger Job Cuts Crude Oil Inventories , 10-y Bond Auction , y/y , Natural Gas Storage , 30-y Bond Auction . FOMC Meeting Minutes .

Non-Farm Employment Change , Unemployment Rate , Average Hourly Earnings m/m , NIESR GDP Estimate .

UK/EURO ZONE

German Prelim CPI m/m , Spanish German Unemployment Change , CPI Services PMI , Italian Services PMI , Flash Estimate y/y , Spanish 10-y Bond Final Services PMI , French 10-y Bond Auction . Auction , Services PMI .

German Trade Balance , German Constitutional Court Ruling , Retail Sales m/m , Unemployment Rate , Italian 10-y Bond Auction , German Factory Orders m/m .

Halifax HPI m/m , Trade Balance , German 10y Bond Auction , Spanish 10-y Bond Auction , French Industrial Production m/m , German Industrial Production m/m , Asset Manufacturing Production m/m , Purchase Facility , Official Bank Rate , MPC Industrial Production m/m , Final GDP q/q Rate Statement , Minimum Bid Rate , ECB . Press Conference .

INDIA

HSBC India Services PMI , HSBC India Composite PMI.

IIP Data , CPI

Result Calendar Q3FY14 Bse Code 502700 526269 532857 507488 521248 531395 506597 532330 532187 500209 532468 530175 533344 506894 509567 507984 Company Name Arunoday Mills Crestchem Glory Polyfilms GM Breweries Kitex Garments Padam Cotton Amal Biopac India-$ Indusind Bank Infosys KAMAHOLDING-$ Odyssey Tech-$ PTC India Fin Chemfab Alk Goa Carbon-$ SER Inds Date 07-Jan-14 07-Jan-14 07-Jan-14 07-Jan-14 09-Jan-14 09-Jan-14 10-Jan-14 10-Jan-14 10-Jan-14 10-Jan-14 10-Jan-14 10-Jan-14 10-Jan-14 11-Jan-14 11-Jan-14 11-Jan-14

N arnolia Securities Ltd


402, 4th floor 7/ 1, Lord s Sinha Road Kolkata 700071, Ph 033-32011233 Toll Free no : 1-800-345-4000 em ail: research@narnolia.com , w ebsite : w w w .narnolia.com

Risk Disclosure & Disclaimer: This report/message is for the personal information of
the authorized recipient and does not construe to be any investment, legal or taxation advice to you. Narnolia Securities Ltd. (Hereinafter referred as NSL) is not soliciting any action based upon it. This report/message is not for public distribution and has been furnished to you solely for your information and should not be reproduced or redistributed to any other person in any from. The report/message is based upon publicly available information, findings of our research wing East wind & information that we consider reliable, but we do not represent that it is accurate or complete and we do not provide any express or implied warranty of any kind, and also these are subject to change without notice. The recipients of this report should rely on their own investigations, should use their own judgment for taking any investment decisions keeping in mind that past performance is not necessarily a guide to future performance & that the the value of any investment or income are subject to market and other risks. Further it will be safe to assume that NSL and /or its Group or associate Companies, their Directors, affiliates and/or employees may have interests/ positions, financial or otherwise, individually or otherwise in the recommended/mentioned securities/mutual funds/ model funds and other investment products which may be added or disposed including & other mentioned in this report/message.

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