DAILY REPORT

14th JANUARY. 2013

Global markets at a glance Asian stocks fell, with the regional benchmark index on course for its first loss in three days as it paced the biggest drop in U.S. stocks since November amid concern over valuations. Australias S&P/ASX 200 Index fell 1 percent, while New Zealands NZX 50 Index slid 0.7 percent. South Koreas Kospi index lost 0.1 percent. Singapores Straits Times Index dropped 0.4 percent and Taiwans Taiex index declined 0.3 percent. Futures on the Standard & Poors 500 Index added less than 0.1 percent today. The S&P 500 has dropped 1.6 percent in 2014, the worst start to a year since 2009. Wall Street Update U.S. stocks tumbled on Monday on caution ahead of corporate results, as mounting negative preannouncements left a lackluster profit growth outlook. Wall Street has seen a slow start to the year following a gangbusters 2013. After the S&P 500's jump of almost 30 percent last year, its forward price-to-earnings ratio is the highest in nearly seven years and investors are weighing the risk of paying such a high premium for earnings that may see grow stall. Previous day Roundup The Nifty climbed 101.30 points or 1.64 percent to 6,272.75, but the broader markets underperformed benchmarks. The BSE Midcap and Small cap indices saw marginal gains. Experts believe the market is in bullish phase, and is continued to move in a range of 6000 at lower end and 6500-6800 at higher end till general elections. Index stats The Market was up in yesterday session where Bankex and Bank Nifty both closed almost flat (up 2.04% and up 2.% respectively). Among the sartorial indices almost the sectors which were up are; FMCG [up 14.08 pts] Consumer Durables [up 8.11 pts], Metals [up 4.38 pts], Power [up 143.60pts], and the index advanced were Capital Goods [up 145.68 pts], AUTO [up 45pts], PSU [up 73.20 pts], Oil & Gas [up 191.73 pts] IT [up271.60 pts], , Realty [up173.75 pts], TECK [up 123.57 pts] and the Healthcare was [down 69.87 pts].

World Indices
Index DJl S&P 500 NASDAQ EURO STO FTSE 100 Nikkei 225 Hong Kong Value 16,257.94 1,819.20 4,113.31 3,111.94 6,757.15 15,547.14 22,263,.52
CMP Change

% Change -10.9 -1.26 -1.47 +0.25 +0.26 -2.29 -0.86

% Chg

Top Gainers
Company

TCS HCLTECH ICICIBANK DLF LT

2,380.00 1,350.00 1,060.30 161.60 987.00

CMP

99.10 51.80 35.80 5.10 30.95

Change

4.34 3.99 3.49 3.26 3.24

% Chg

Top Losers
Company

RANBAXY LUPIN TATAPOWER SUNPHARMA SSLT

438.05 920.70 79.10 602.25 195.00

Prev. Close

-25.90 -16.05 -1.25 -7.15 -0.85

Change

-5.58 -1.71 -1.56 -1.17 -0.43

%Chg

Stocks at 52 Weeks high

Symbol

BFUTILITIE BHARATFORG HCL TECH GATI INFY

670.00 346.00 1,350.00 62.20 3,664.00

-14.80 14.35 51.80 5.65 112.75

-2.26 4.31 3.99 9.99 3.17

Stocks at 52 Weeks Low

Symbol Prev. Close Change %Chg

--

Indian Indices
Company NIFTY SENSEX CMP Change % Chg

6272.75 21131.21

101.30 375.72

1.64 1.81

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DAILY REPORT
14th JANUARY. 2013

EQUITY CASH & FUTURE

STOCK RECOMMENDATIONS [FUTURE] 1. APPOLO TYRE FUTURE

STOCK RECOMMENDATION [CASH] 1. TCI

APPOLO TYRE FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sustains above 116 levels. We advise buying around 117-118 levels with strict stop loss 115 for the targets of 120-122 levels. 2. BHARAT FORGE FUTURE

TCI is looking strong on charts. We advice buying above 110 levels with strict stop loss of 104 for the targets of 115-120 levels.

MACRO NEWS

fiscal pump-priming" ahead of general elections, so as to achieve the fiscal deficit target of 4.8 percent of the GDP in 2013-14, are supportive for the country's credit rating, Fitch Ratings inflation in the food and beverages segment was 12.16 percent as against 14.72 per cent recorded in November. The retail inflation was in double digits in October and November India's stubbornly high inflation finally appears to be slowing down following a cooling in vegetable prices, bringing some relief to the ruling Congress party which is struggling to win back voters ahead of a national election due by May December retail inflation slows to three-month low Tata Steel s Borivali land deal will fetch the company Rs 950-1,000 crore. three Mumbai-based developers Lodha Developers, Runwal Group and K Raheja Corp have submitted expression of interest.

BHARAT FORGE FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sustains above 345 levels. We advise buying around 345 levels with strict stop loss 337 for the targets of 352-358 levels.

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DAILY REPORT
14th JANUARY. 2013

FUTURE & OPTION

MOST ACTIVE PUT OPTION

Symbol Option Type Strike Price LTP Traded Volume (Contracts) Open Interest

NIFTY NIFTY NIFTY BANK NIFTY SBIN INFY INFY

PE PE PE PE PE PE PE

6,200 6,100 6,000 10,500 1,600 3,300 3,650

42.6 21.7 10.75 52.8 23.80 3.1 43

4,15,549 65,47,700 2,92,543 55,31,400 2,19,758 49,36,000 19,925 4,278 3,436 3,114 2,415
Traded Volume (Contracts)

2,56,475 2,23,250 9,52,000 1,81,875 4,12,750

Open Interest

STOCKS IN NEWS Reliance New gas pricing policy will be effective April 1 at USD 8/mmbtu Tata motors Jaguar Land Rover sales in 2013 rose 19% to 4.25 lakh units (YoY) Ranbaxy received a form 483 with certain observations from USFDA, on its Toansa bulk drug plant in Punjab JPMorgan is overweight on Infosys and raised target price to Rs 4,000 from Rs 3,800 post Q3 earrings NIFTY FUTURE

RELIANCE 860 9.10 MOST ACTIVE PE CALL OPTION

Symbol Option Type Strike Price LTP

NIFTY NIFTY NIFTY BANKNIFTY BANKNIFTY BANKNIFTY SBIN INFY RELIANCE

CE CE CE CE CE CE CE CE CE

6,300 6,400 6,200 11,500 11,000 11,200 1,700 3,700 900

75.6 34.95 140 87 282 182.6 23.1 46 12.15 BUY

4,31,692 47,88,100 3,18,686 44,77,900 2,35,217 31,27,500 27,095 20,527 9,972 8,828 8,694 5,488 3,19,025 2,37,950 1,25,600 6,82,500 5,58,375 7,18,750 SELL OPEN INTEREST AT THE END OF THE DAY Amount in Crores 12828.78 36838.54 31658.75 2466.10 TOTAL NET AMOUNT 145.19 414.70 -28.39 -118.54 412.96 Nifty Future closed in the green in the last trading session. We buying around 6250 levels with strict stop loss of 6200 for the targets of 6300-6350 levels.

FII DERIVATIVES STATISTICS

No. of Amount in No. of Amount in No. of Contracts Crores Contracts Crores Contracts INDEX FUTURES INDEX OPTIONS STOCK FUTURES STOCK OPTIONS 71181 521526 73180 86555 2182.39 15913.61 2328.32 2816.77 66545 508221 73650 89150 2037.20 15498.92 2356.71 2935.31 420450 1200683 1015147 78618

INDICES
NIFTY NIFTYJUNIOR BANK NIFTY YOUR MINTVISORY

S2
6083.88 12437.85 10614.76

S1
6127.66 12504.15 10710.03

PIVOT
6183.38 12617.2 10883.46

R1
6227.16 12683.5 10978.73

R2
6282.88 12796.55 11152.16

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DAILY REPORT
14th JANUARY. 2013

COMMODITY MCX

RECOMMENDATIONS SILVER

COMMODITY ROUNDUP Gold futures carried Friday's gains into Monday, buoyed by data revealing that the U.S. economy added way fewer payrolls in December than expected, which fueled expectations for the Federal Reserve to scale down its bond-buying program at a very gradual pace. On the Comex division of the New York Mercantile Exchange, gold futures for February delivery traded at USD1,252.80 a troy ounce during U.S. trading, up 0.47%, up from a session low of USD1,243.20 and off a high of 1,254.20. The February contract settled up 1.42% at USD1,246.90. Futures were likely to find support at USD1,217.80 a troy ounce, Wednesday's low, and resistance at USD1,237.30, the high from Dec. 10. The Bureau of Labor Statistics on Friday reported that the U.S. economy added 74,000 jobs in December, well below expectations for a 196,000 increase and below an upwardly revised 241,000 rise the previous month. The report also showed that the U.S. unemployment rate fell to 6.7% in December due to a weak participation rate, down from 7.0% in November. The numbers weakened the dollar by fueling expectations for the Federal Reserve to trim its USD75 billion monthly bond-buying program at a slower pace than once expected. Fed asset purchases tend to weaken the dollar by suppressing long-term interest rates, thus making gold an attractive hedge. Gold saw added demand ahead of Tuesday's release of U.S. retail sales, with concerns that a disappointing figure just days after a poor jobs report will increase the chances of a more gradual Fed tapering.
Capping gold's gains were sentiments among many that the December jobs report may be an anomaly and the product of bad winter weather that put off hiring. Meanwhile, silver for March delivery was up 0.91% and trading at USD20.408 a troy ounce, while copper futures for March delivery were down 0.07%

TRADING STRATEGY: BUY SILVER ABOVE 45200 TG 45500/45800 SL 44900 SELLSILVER BELOW 44300 TG 44000/43700 SL 44600 GOLD

and trading at USD3.339 a pound. Gold was trading near its highest in a month on Tuesday as safe-haven bids for the metal increased amid a drop in the dollar and equities, with investors fretting over the U.S. growth outlook after a disappointing jobs.

TRADING STRATEGY: BUY GOLD ABOVE 29300 TG 29400/29500 SL 29150 SELL GOLD BELOW 29000 TG 28900/28800 SL 29150

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DAILY REPORT
14th JANUARY. 2013

NCDEX

RECOMMENDATIONS CASTORSEED

NCDEX INDICES Index Value % Change

Castor Seed Chana Coriander Cotton Seed Oilcake Jeera Maize Feed/ Industrial grade Mustard seed Soy Bean Sugar M Grade BUY CASTORSEED FEB ABOVE 4410 TGTS 4440,4500 SL 4360 SELLCASTORSEED FEB BELOW 4310 TGST 4280,4230 SL 4460 DHANIYA Turmeric NCDEX ROUNDUP

4387 3066 7753 1486 12542.5 1195 3505 3776 2806 6352

+3.98 +0.99 +4.00 +2.84 +0.10 +0.67 -0.68 -0.36 +0.11 +0.44

MENTHA OIL Higher stocks and moderate arrivals in mandis kept pressurizing the market sentiments for Mentha Oil even as winter season demand continued to be noted. Higher stocks prevented any strong upsurge in rates even as winter season demand rose in the mandis CHANA Moderate recovery was noted for Chana on short covering in the Futures market even as arrivals remained high amidst moderate demand in mandis. Good sowing reports for Chana from MP, UP and Rajasthan amidst high stocks and fall in demand in mandis are keeping sentiments weak for the commodity in the Spot and Futures markets. GUARSEED Some range bound trend is seen in guar with increased arrival pressure in spot mandis. it is to be noted that production of guar this year is likely to increase that is not letting the sentiments to move up significantly. Higher production reports, better arrivals and only moderate pickup in exports have ensured a fall in rates for Guar over last few weeks. Farmers have started bringing in supplies from the new harvest into local markets. TURMERIC Lack of good upcountry demand amist moderate arrival trend remained weak. Traders are purchasing only limited quantity as buying interest has reduced.

BUY DHANIYA FEB ABOVE 7930 TGTS 7960,8010 SL 7880 SELL DHANIYA FEB BELOW 7820 TGTS 7790,7740 SL 7930

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DAILY REPORT
14th JANUARY. 2013

CURRENCY

RBI Reference Rate

Currency Rate Currency Rate

Rupee- $ Euro EUR/INR

61.5200 Yen-100 84.1110 GBP

59.4900 101.4772

CURRENCY ROUNDUP The dollar fell to one-month lows against the yen on Monday and was trading close to one week lows against the euro after Friday's U.S. nonfarm payrolls showed that the economy added far fewer than expected jobs last month. USD/JPY hit lows of 103.26, the weakest level since December 18 and was last down 0.74% to 103.39. The latest employment report showed that the U.S. economy added 74,000 jobs in December, the smallest increase since January 2011 and well below expectations for 196,000 new jobs. The unemployment rate fell to a five year low of 6.7% from 7% in November, but this was due in part to people dropping out of the labor force. SELL EUR/INR BELOW 84.09 TGTS 83.94, 83.72 SL84.44. BUY EUR/INR ABOVE 84.57 TGTS 84.72, 84.94 SL 84.25. USD/INR A fall in prices would raise expectations the Reserve Bank of India would keep monetary policy on hold for a second consecutive month on Jan. 28 after data on Friday showed a surprise fall in industrial output. Confidence in the economy is a key driver for shares as well as for the rupee, given concerns about weakening growth are trumping the appeal of higher yields. A softer CPI should be great for the rupee. Going ahead, primarily the U.S. economic condition will drive rupee direction but a softer CPI will lead to better stability/appreciation and reduce chances of a sharper fall. The partially convertible rupee closed at 61.55/56 per dollar compared with 61.89/90 on Friday. It rose to 61.41 during the session, its strongest since Dec. 11. The unit rose 0.55 percent on day, its biggest single-day gain since Dec. 16. SELL USD/INR BELOW 61.50 TGTS 61.38, 61.18 SL 61.85. BUY USD/INR ABOVE 62.04 TGTS 62.20, 62.40 SL 61.69. The dollar slipped to a three-week low against the yen before data tomorrow that economists said will show U.S. retail-sales growth slowed, strengthening the case against faster tapering by the Federal Reserve. Call us at +91-731-6642300

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DAILY REPORT
14th JANUARY. 2013

CALL REPORT
PERFORMANCE UPDATES

Date

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

Contract

Strategy

Entry Level

Target

Stop Loss

Remark

13/01/14 13/01/14 13/01/14 13/01/14 13/01/14 13/01/14 13/01/14 13/01/14 13/01/14 13/01/14 13/01/14 13/01/14

FEB. FEB. MAR. MAR. FEB. FEB. FEB. FEB. JAN. JAN. JAN. JAN.

BUY SELL BUY SELL BUY SELL BUY BUY SELL BUY SELL BUY

29100 28850 45100 44600 4500 4395 8150 8050 84.28 84.69 101.70 102.54

29180-29300 28770-28650 45350-54700 44350-44000 4530-4580 4365-4315 8180-8130 8020-7970 84.14-84.00 84.83-85.01 101.55-101.38 102.71-102.91

2900 28950 44800 44900 4450 4445 8100 8100 84.64 84.33 102.09 102.15

BOOKED PROFIT NOT EXECUTED CALL OPEN BOOKED PROFIT SL TRIGGERED BOOKED FULL PROFIT NOT EXECUTED BOOKED FULL PROFIT BOOKED PROFIT NOTEXECUTED BOOKED FULL PROFIT NOT EXECUTED

Date

Scrip

CASH/ FUTURE/ OPTION FUTURE FUTURE FUTURE FUTURE CASH CASH

Strategy

Entry Level

Target

Stop Loss

Remark

13/01/14 13/01/14 13/01/14 10/01/14 13/01/14 09/01/14

NIFTY TC S ITC SUNPHARMA ECLERX SERVICES GRAVITA

BUY BUY BUY BUY BUY BUY

6150 2280 323 610 1115 46

6190-6240 2310-2340 329-334 620-630 1140-1180 50-54

6100 2250 319 600 1080 41

NOT EXECUTED BOOKED PROFIT CALL OPEN SL TRIGGERED SL TRIGGERED CALL OPEN

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DAILY REPORT
14th JANUARY. 2013

ECONOMIC CALENDAR

NEXT WEEK'S U.S. ECONOMIC REPORTS TIME (ET) REPORT PERIOD MONDAY, JAN .13 2 PM 10 am FEDERAL BUDGET Factory orders DEC. Nov. TUESDAY,JAN .14 8:30 AM 8:30 AM 8:30 AM 10 AM RETAIL SALES RETAIL SALES EX-AUTOS IMPORT PRICE INDEX BUSINESS INVENTORIES DEC. DEC. DEC. NOV. WEDNESDAY, JAN.15 8:30 AM 8:30 AM 8:30 AM PRODUCER PRICE INDEX CORE PPI EMPIRE STATE INDEX DEC DEC. JAN. THURSDAY, JAN.16 8:30 AM 8:30 AM 8:30 AM 10 AM 10 AM WEEKLY JOBLESS CLAIMS CONSUMER PRICE INDEX CORE CPI HOME BUILDERS' INDEX PHILLY FED 1/11 DEC. DEC. JAN. JAN. FRIDAY, JAN.17 8:30 AM 9:15 AM 9:15 AM 9:55 AM HOUSING STARTS INDUSTRIAL PRODUCTION CAPACITY UTILIZATION UMICH CONSUMER SENTIMENT INDEX DEC. DEC. DEC. JAN. Disclaimer
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ACTUAL

CONSENSUS FORECAST

PREVIOUS

-1.6%

-$1 BLN -0.9%

-0.1% 0.4% 0.5% 0.3%

0.7% 0.4% -0.6% 0.7%

0.4% 0.2% 4.3

-0.1% 0.1% 1.0

N/A 0.3% 0.1% N/A 9.4

330,000 0.0% 0.2% 58 7.0

1.01 MLN 0.2% 79.0% 85.0

1.091 MLN 1.1% 79.0% 82.5

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