DAILY REPORT

17st JANUARY. 2013

Global markets at a glance Asian stocks rose on Thursday on continued economic recovery in Japan and the World Bank's decision to hike its global growth forecasts for this year. The dollar index, which tracks the greenback against a basket of six major currencies, was last down 0.1 percent at 80.917 .DXY. The greenback slipped 0.1 percent to 104.26 yen, but remained well off a four-week low of 102.85 set on Monday. Against the euro, the dollar treaded water at $1.3613. Wall Street Update The Dow and S&P 500 dipped on Thursday, led by financial shares after a round of disappointing earnings from the sector. The S&P 500 pulled back from record levels and was nearly flat for the week. Goldman's stock slid 2.1 percent to $175.06, one of the Dow's biggest decliners, while Citigroup dropped 4.1 percent to $52.75. The S&P financial sector index fell 0.7 percent, making it the biggest loser among the S&P 500 sectors Previous day Roundup The market closed on a flat note but Nifty managed to hold the 6300-level. The Sensex was down 24.31 points at 21265.18, and the Nifty ended at 6318.90, down 2.00 points. About 1149 shares have advanced, 1486 shares declined, and 261 shares are unchanged. In a major relief to the government, Moodys in its latest report has said that Indias rating downgrade is not on the cards. Moody's has given India an investment grade rating of Baa3 with a stable outlook. Index stats The Market was very in yesterday session where Bankex and Bank Nifty both closed almost flat (down-0.21 % and down 0.30% respectively). Among the sartorial indices almost the sectors which were down are; Healthcare [down 58.85pts],Consumer Durables [down-0.39 pts], Capital Goods AUTO [down 101.67pts],TECK [down 9.56 pts], Oil & Gas [down-27.46 pts], Power [ down 7.75pts], and the index advanced were Metals [up167.08 pts IT [up54.15 pts], FMCG [up-52.55 pts] [up 24.09pts], Realty [up 0.90pts], PSU [up 14.36 pts],

World Indices
Index DJl S&P 500 NASDAQ EURO STO FTSE 100 Nikkei 225 Hong Kong Value 16,417.01 1,845.89 4,218.69 3,150.20 6,815.45 15,677.66 22,898.82
CMP Change

% Change -0.39 -0.13 +0.09 -0.69 -0.07 -0.44 -0.38

% Chg

Top Gainers
Company

HCLTECH COALINDIA ULTRACEMCO HINDALCO WIPRO

1,392.00 302.85 1,752.00 113.10 570.50

CMP

61.65 7.45 41.90 2.25 9.80

Change

4.63 2.52 2.45 2.03 1.75

% Chg

Top Losers
Company

BHARTIARLT TATAMOTORS ONGC SUNPHARMA RANBAXY

315.05 369.55 287.45 594.50 413.50

Prev. Close

-16.45 -7.75 -4.35 -9.00 -6.20

Change

-4.96 -2.05 -1.49 -1.49 -1.48

%Chg

Stocks at 52 Weeks high

Symbol

DIVISLAB HCLTECH INFY INFINITE UPL

Symbol

1,292.20 1,392.00 3,721.95 151.20 261.70

Prev. Close

-1.20 61.65 9.90 25.20 6.50

Change

0.09 4.63 0.27 20.00 3.09

%Chg

Stocks at 52 Weeks Low

--

Indian Indices
Company NIFTY SENSEX CMP Change % Chg

6318.90 21265.

-2.00 -24.31

-0.03 -0.11

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DAILY REPORT
17st JANUARY. 2013

EQUITY CASH & FUTURE

STOCK RECOMMENDATIONS [FUTURE] 1. ITC FUTURE

STOCK RECOMMENDATION [CASH] 1. GITANJALI GEMS

ITC FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sustains above 332 levels. We advise buying above 332 levels with strict stop loss 327 for the targets of 338-345 levels. 2. BHARAT FORGE FUTURE

GITANJALI GEMS is looking strong on charts. We advice buying above 70 levels with strict stoploss of 65 for the targets of 75-80 levels. MACRO NEWS

BHARAT FORGE FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sustains above 352 levels. We advise buying on dips around 348-350 levels with strict stop loss 342 for the targets of 358-365 levels.

FY14 deficit likely to be lower than 4.8% target FY14 fiscal deficit expected to be lower than 4.8% target Air India employees back airline's pivatisation: Moody's has given India an investment grade rating of Baa3 with a stable outlook Axis Bank Q3 net rises 19% to Rs 1,604 cr, NPAs rise IOC stake sale is likely to happen within a week, which may fetch the government Rs 4,800-Rs 5,000 crore. ONGC and OIL may pick up 50 percent stake each. Bajaj Auto Q3 net profit up 10.5 percent, beats estimates Richemont seeks entry into India's luxury retail market TCS net profit surges 49.6 percent, sees stronger growth in next fiscal

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DAILY REPORT
17st JANUARY. 2013

FUTURE & OPTION

MOST ACTIVE PUT OPTION

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

NIFTY NIFTY NIFTY BANKNIFTY BANKNIFTY BANKNIFTY AXISBANK TCS

Symbol

PE PE PE PE PE PE PE PE
Option Type CE CE CE CE CE CE CE CE

6,300 6,200 6,100 10,500 10,800 1,150 2,300

Strike Price

52.6 24.7 11.55 32.05 89 17.5 23.15

LTP

3,28,234 45,53,900 3,16,240 68,93,900 1,54,630 57,15,950 14,542 9,437 7,043 5,899 5,830
Traded Volume (Contracts)

11,000 157.85

2,91,150 2,74,300 1,05,350 2,91,250 3,48,000

Open Interest

STOCKS IN NEWS HCL Tech Q2 beats estimates, net jumps 5.7% to Rs 1496 cr and dollar revenues grew 4% Sasken Communication will mull special dividend on January 2 DCB Bank's Q3 net profit rose to Rs 36.4 crore versus Rs 27 crore (YoY) Credit Suisse downgrades Bharti to neutral and cuts target price to Rs 310 from Rs 420 NIFTY FUTURE

MOST ACTIVE CALL OPTION

NIFTY NIFTY NIFTY BANKNIFTY BANKNIFTY BANKNIFTY TCS AXISBANK

6,400 6,300 6,500 11,500 11,200 11,300 2,400 1,200 BUY

36 83.25 12.25 66.25 152 118 33.9 22

3,53,490 2,97,016 1,84,038 22,974 17,054 10,668 9,292 7,870

48,20,750 49,90,150 40,00,150 3,72,925 1,71,925 1,30,850 Nifty Future closed in the green in the last trading session. We buying around 6300-6280 levels with strict stop 6,78,625 loss of 6250 for the targets of 6350-6380 levels. 6,57,000 SELL OPEN INTEREST AT THE END OF THE DAY Amount in Crores
14798.49 39841.09 33436.53 2962.72

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
78264 439965 59311 49555 2431.38 13566.30 1965.20 1511.91 62910 471272 58645 51616 1944.73 14461.59 1927.12 1579.79 473223 1268254 1052532 90718

NET AMOUNT
486.65 -895.29 38.08 -67.87

TOTAL

-438.43

INDICES
NIFTY NIFTYJUNIOR BANK NIFTY YOUR MINTVISORY

S2
6243.9 12498.24 0913.86

S1
6282.4 12554.79 11019.63

PIVOT
6303.8 12601.84 11091.86

R1
6342.3 12658.39 11197.63

R2
6363.7 12705.45 11269.86

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DAILY REPORT
17st JANUARY. 2013

COMMODITY MCX
COMMODITY ROUNDUP

RECOMMENDATIONS SILVER

MCX gold futures for February are trading on a flat note amid lack of a major movement in global gold prices. The commodity has slipped from its one month high this week but the losses have been rather limited on hopes of steady demand from retail buyers as well as investors after a massive drop in prices last year. COMEX Gold is quoting at $$1338.30, unchanged on the day amid a very thin movement today. MCX Gold is quoting at Rs 29010, down Rs 9 per 10 grams on the day. The Union government has hiked tariff values for Gold and silver in line with the recovery in global prices in last couple of weeks. According to a latest update from the Ministry of Finance, the tariff value for gold has been hiked by $15 or 3.82% to $407 per 10 grams while the same for Silver has been hiked by $25 or 3.91% per tonne to $663 per kg. Both gold and silver jumped in the New Year, hitting their multi week highs on bargain buying after massive losses in last year. Gold prices slipped 28% while silver lost a whopping 36% in 2013. Meanwhile, the Euro remained on tenterhooks today, quoting around 1.3600 levels against the US dollar. The single currency had eased yesterday and is failing to witness much of buying amid a string of positive US economic data and spurt in US stocks.US stocks added further gains on Wednesday, with the S&P 500 building on its biggest gain in nearly a month, after strong data and earnings from Bank of America pointed to continued improvement in the economy Gold was steady in early trade on Friday but was headed for its first weekly drop in four weeks as a string of U.S. data showed more strength in the recovery of the world's largest economy .

TRADING STRATEGY: BUY SILVER ABOVE 44950 TGTS 45150/45450 SL 44600 SELL SILVER BELOW 44600 TGTS 44400/44100 SL 44950 GOLD

TRADING STRATEGY: BUY GOLD ABOVE 29190 TGTS 29270/29370 SL 29070 SELL GOLD BELOW 29000 TGTS 28920/28820 SL 29120

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DAILY REPORT
17st 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 Turmeric
BUY CASTORSEED FEB ABOVE 4445 TGTS 4475/4505 SL 4395 SELL CASTORSEED FEB BELOW 4370 TGTS 4340/4290 SL 4420

4352 3060 7970 1572 12540 1191 3625 3715 6746

-0.64 -0.65 0.64 -0.76 -0.02 -1.16 0.14 0.95 -0.5

NCDEX ROUNDUP The turmeric futures pared the prior session's gains on short selling at higher side. The turmeric futures for the April delivery ended the day at Rs 6746, down Rs 34 or 0.50%. The Turmeric markets in Andhra Pradesh opened today after a short Holiday on account of local festivities owing to Pongal. Nizamabad has seen new crop arrivals of 1500 bags (75 kgs each) and around 1000 bags from the old crop. The arrivals from new crop are expected to increase in coming days. Spot prices are lingering at Rs 5905, up Rs 65 per quintal on the day as there is good demand after the break in activity. Cardamom futures ended the Thursday's session with nominal losses on long liquidations trigged by strong availability. The MCX cardamom for February delivery ended the session at Rs 703.30, down Rs 1.80 or 0.26%. The harvesting of the new crop had just started in Guatemala. Crop size is similar to last year. The prices of the greens had been reduced somewhat, as it is now peak harvesting season of the green cardamoms .

DHANIYA

BUY DHANIYA FEB ABOVE 8250 TGTS 8280 / 8330 SL 8200 SELL DHANIYA FEB BELOW 8070 TGTS 8040 / 7990 SL 8120

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DAILY REPORT
17st JANUARY. 2013

CURRENCY

RBI Reference Rate

Currency Rate Currency Rate

Rupee- $ Euro USD/INR

61.5325 Yen-100 83.8395 GBP

58.7700 100.7349

CURRENCY ROUNDUP The Indian rupee ended little changed on Thursday as dollar demand from importers was adequately met by dollar selling by foreign banks, likely on behalf of clients looking to invest in the domestic debt market. Bonds continued to gain for a fifth straight session with foreign funds having bought more than $2 billion worth of bonds so far in 2014. Broad strength in the dollar versus most other regional and major currencies prevented the rupee from making sharp gains while sustained selling from foreign banks limited any sharp fall, holding the pair in a tight range. "Yesterday it was mainly the petro demand being met by custodian bank dollar sales, there was nothing major otherwise. Tomorrow, too, expected range trading between 61.45 to 61.75 to continue, The partially convertible rupee closed at 61.5350/5450 per dollar compared to 61.54/55 on Wednesday. The unit moved in a narrow range of 61.51 to 61.7150 during the session. Losses in the domestic share market also prevented the rupee from gaining. The U.S. dollar held firm having returned to levels seen before last week's soft payrolls data as faith in the U.S. economic recovery was restored, while the Australian dollar slid to a 3-1/2-year low after a dismal local jobs report. In the offshore non-deliverable forwards, the onemonth contract was at 61.88 while the three-month was at 62.69.The strong data reinforced expectations that the U.S. economic recovery will continue to deepen going into this year and offset lingering concerns over last week's surprising weak U.S. nonfarm payrolls report The dollar was slightly lower against the euro, with EUR/USD easing up 0.11% to 1.3618

SELL USD/INR BELOW 61.52 TGTS 61.38,61.18 SL 61.82. BUY USD/INR ABOVE 61.95 TGTS 62.09, 62.23 SL 61.60. GBP/INR

SELL GBP/INR BELOW 100.55 TGTS 100.40,100.25 SL 100.91. BUY GBP/INR ABOVE 101.15 TGTS 101.34,101.55 SL 100.79

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DAILY REPORT
17st 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 USD/INR USD/INR EUR/INR EURINR

Contract

Strategy

Entry Level

Target

Stop Loss

Remark

16/01/14 16/01/14 16/01/14 16/01/14 16/01/14 16/01/14 16/01/14 16/01/14 16/01/14 16/01/14 16/01/14 16/01/14

FEB. FEB. MAR. MAR. FEB. FEB. FEB. FEB. JAN. JAN. JAN. JAN. CASH/ FUTURE/ OPTION FUTURE FUTURE FUTURE CASH CASH FUTURE CASH

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

29040 28980 44950 44600 4480 4400 8150 8010 61.56 61.95 83.95 84.33

29120-29220 28900-28800 45150-45450 44350-44000 4510-4560 4380-4330 8180-8230 7980-7980 61.43-61.30 62.10-62.25 83.82-83.67 84.50-84.66

28920 29100 44600 45000 4430 4450 8100 8050 61.91 61.60 84.30 83.98

BOOKED PROFIT SL TRIGGERED NOT EXECUTED BOOKED PROFIT NOT EXECUTED BOOKED PROFIT BOOKED FULL PROFIT NOT EXECUTED NO PROFIT NO LOSS NOT EXECUTED BOOKED PROFIT NOT EXECUTED

Date

Scrip

Strategy

Entry Level

Target

Stop Loss

Remark

16/01/14 16/01/14 16/01/14 16/01/14 15/01/14 14/01/14 09/01/14

NIFTY BANK OF BARODA ITC BHARTI AIRTEL SKS MICRO APPOLO TYRE GRAVITA

BUY BUY BUY BUY BUY BUY BUY

6340 636 331 335 186 117 46

6360-6390 642-650 334-339 338-343 192-198 120-122 50-54

6315 628 327 331 180 115 41

SL TRIGGERED NOT EXECUTED SL TRIGGERED NOT EXECUTED CALL OPEN SL TRIGGERED CALL OPEN

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DAILY REPORT
17st 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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