DAILY REPORT

30st JANUARY. 2014

Global markets at a glance Asian stocks suffered heavy losses on Thursday amid fresh signs of a contraction in China's economy and following the Federal Reserve's decision to continue reducing its stimulus. China's Shanghai Composite shed 0.36 percent or 7.41 points at 2,042.50 and Hong Kong's Hang Seng declined 1.46 percent or 324.16 points at 21,817.45. Japan's Nikkei tumbled 3.18 percent or 488.68 points at 14,895.23 and Singapore's Straits Times fell 1.11 percent or 33.81 points at 3,014.12. Wall Street Update US stocks dropped more than 1 percent on Wednesday, hitting session lows after the Federal Reserve stuck with its plan to scale back stimulus even in the midst of emerging market turmoil. With the day's decline, the S&P 500 is down 4 percent for the month - its worst monthly loss since May 2012. Some investors have been bracing for a correction, given the S&P 500's gain of 30 percent last year. Previous day Roundup Markets ended flat ahead of January F&O contracts expiry tomorrow. Markets closed flat with a slight negative bias after a volatile session that saw key benchmark indices move in a narrow range. The 30-share Sensex closed 14 points lower at 20,664 levels and the 50-unit Nifty closed almost flat at 6,126 levels. BSE mid-cap ended 0.1% higher and small-cap indices was down 0.2%. The rupee continued to trade firm against the US dollar tracking gains in stock markets. The Indian currency was trading at Rs 62.34 compared with previous close of Rs 62.52 per dollar. The rupee is seen trading range bound ahead of outcome of FOMC meet. Index stats The Market was very volatile in yesterday session where Bank and Bank Nifty both closed almost flat (down-0.69% and down-66% . respectively). Among the sartorial indices the sectors which were up are;], Capital Good [up-86.39 pts], ],.Healthcare [UP-76.26pts], ] AUTO [UP 13.96pts], PSU [up 18.86pts], TECK [up 22.32pts] , IT [up 52.83pts the index down were Consumer Durables [down-41.45pts FMCG [down-0.40pts Metals [down126.67pts], Realty [down 7.20.Pts], Realty [down 7.20.Pts], Oil& Gas [down -3.38pts].

World Indices
Index DJl S&P 500 NASDAQ EURO STO FTSE 100 Nikkei 225 Hong Kong Value 15738.79 1774.20 4051.48 3011.45 6544.28 14872.28 21803.24
CMP Change

% Change -1.19 -1.02 -1.14 -0.89 -0.43 -3.33 -1.53

% Chg

Top Gainers
Company

MARUTI BHEL BPCL RANBAXY HEROMOTOCO

1675.05 171.30 354.80 239.00 2070.35

CMP

109.05 6.95 12.60 11.00 57.20

Change

6.96 4.23 3.68 3.46 2.84

% Chg

Top Losers
Company

SSLT INDUSINDBANK BNKBARODA TATASTEEL BAJAJ-AUTO

Symbol

194.05 380.35 554.95 359.20 1909.95

Prev. Close

-5.85 -9.50 -12.45 -7.45 -34.75

Change

-2.93 -2.44 -2.19 -2.03 -1.79

%Chg

Stocks at 52 Weeks high

ALPHAGEO SYMPHONY KRBL PHOENIXLL 86.25 467.75 41.85 78.15
Prev. Close

4.30 5.35 1.85 15.60

Change

4.99 -1.14 -4.42 19.96

%Chg

Stocks at 52 Weeks Low

Symbol

Indian Indices
Company NIFTY SENSEX CMP Change % Chg

6120.25 20647.30

-6.00 -36.21

-0.10 -0.18

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DAILY REPORT
30st JANUARY. 2014

EQUITY CASH & FUTURE

STOCK RECOMMENDATIONS [FUTURE] 1.SESA STER FUTURE

STOCK RECOMMENDATION [CASH] . 1.JUST DIAL

SESA STER FUTURE is looking weak on charts, short build up has been seen, we may see more downside, if it sustains below 195 levels. We advise selling around 194-195 levels with strict stop loss 198 for the targets of 192-190 levels. 2. ADANI ENT FUTURE

JUST DIAL is looking strong on charts. We advice buying around 1480-1490 levels with strict stop loss of 1450 for the targets of 1525-1550-1600 levels.

MACRO NEWS FPIs bring together all the three investment categories FIIs, their sub-accounts and QFIs. Besides, the tax rate for FPIs would be the same as that extended to Foreign Institutional Investors. The new system would be especially beneficial for Qualified Foreign Investors who were subjected to higher tax rate earlier.

The Federal Reserve on Wednesday decided to trim its bond purchases by another USD 10 billion as it stuck to a plan to wind down its extraordinary economic stimulus despite recent turmoil in emerging markets India has been ranked 16 among the top 20 global economies receiving the most FDI, seeing a 17 percent growth to USD 28 billion in 2013, India has been ranked 16 among the top 20 global economies receiving the most FDI, seeing a 17 percent growth to USD 28 billion in 2013,

ADANI ENT FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sustains above 250 levels. We advise buying around 252-254 levels with strict stop loss 248 for the targets of 258-262 levels.

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DAILY REPORT
30st JANUARY. 2014

FUTURE & OPTION

MOST ACTIVE PUT OPTION

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

NIFTY NIFTY BANKNIFTY BANKNIFTY ICICIBANK ICICIBANK MARUTI SBIN

Symbol

PE PE PE PE PE PE PE PE
Option Type

6,100 6,200 10,500 10,400 1,000 1,020 1,650 1,550

Strike Price

24 77 117 71 9 19 9.85 5.7

LTP

6,89,587 42,76,250 3,50,047 21,69,200 44,046 34,472 8,332 6,661 5,656 5,431
Traded Volume (Contracts)

1,41,900 90,125 3,37,000 1,38,250 2,11,250 1,97,000

Open Interest

STOCKS IN NEWS Chairman RC Bhargava clarified that Gujarat unit expansion will not have any impact on profitability of Maruti Suzuki . Chanda Kochhar, MD and CEO, ICICI said the bank would see asset quality stress for a few quarters at least. Havells India's Q3 PAT rose 28.3% at Rs 121.5 cr vs Rs 94.7 cr YoY NIFTY FUTURE

MOST ACTIVE CALL OPTION

NIFTY NIFTY BANKNIFTY BANKNIFTY SBIN SBIN MARUTI ICICIBANK

CE CE CE CE

6,200 6,100 10,600 10,700 1,600 1,650 1,700 1,040

6.95 48.05 31.15 10.5 7.75 1.7 7.8 1.9 BUY

5,83,267 44,09,950 3,50,623 22,44,350 47,482 43,533 10,569 8,187 8,065 5,965 1,51,150 1,89,925 5,45,750 6,83,125 Nifty Future closed in the red in the last trading session. 1,82,750 We advise selling around 6160-6150 levels with strict stop loss of 6180 for the targets of 6120-6080 levels. 2,23,750 SELL OPEN INTEREST AT THE END OF THE DAY Amount in Crores 16638.16 44184.47 34835.32 3462.39 TOTAL NET AMOUNT -262.69 475.99 337.56 28.02 578.88

CE CE CE
CE

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 126643 577781 255145 50344 3799.83 17257.10 7739.55 1499.36 135542 562011 245051 49264 4062.52 16781.11 7401.99 1471.34 549491 1458127 1152954 110104

INDICES
NIFTY NIFTYJUNIOR BANK NIFTY YOUR MINTVISORY

S2
6072.85 11896.49 10259.04

S1
6096.55 11928.64 10348.4

PIVOT
6133.5 11976.29 10496.3

R1
6157.2 12008.44 10585.65

R2
6194.15 12056.09 10733.55

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DAILY REPORT
30st JANUARY. 2014

COMMODITY MCX

RECOMMENDATIONS SILVER

COMMODITY ROUNDUP Silver prices fell by 0.60% to Rs 43,902 per kg in futures trade yesterday, taking weak cues from the global market amid subdued domestic demand. At the Multi Commodity Exchange, silver for delivery in March fell by Rs 277, or 0.60%, to Rs 43,902 per kg in business turnover of 2,524 lots. Gold prices moved down by 0.70% to Rs 28,700 per 10 grams in futures trade yesterday after participants offloaded positions, taking weak cues from the global market. At the Multi Commodity Exchange, gold for delivery in April declined by Rs 203, or 0.70%, to Rs 28,700 per 10 grams in business turnover of 452 lots. MCX Gold edged up today following a recovery in global prices. The South African miners strike continues and bargain hunting emerged in the yellow metal after losses in last session. COMEX Gold eased from its tow month highs as profit selling tricked in following the improving US consumer confidence and rising equities. The overall sentiments in global markets were steady today and the US dollar gained to a one week high of 1.3640 against the Euro ahead of the Fed decision later on today. Investors were also getting nervous ahead of a policy announcement from the Federal Reserve. The metal did manage to post good gains today and currently trades at $1260.20, up nearly 10 dollars per ounce on the day. MCX Gold futures rose above Rs 29600 levels and currently trade at the same mark with a gain of Rs 79 per 10 grams. Markets are expecting some action from India in near term on its gold import duties. The Reserve Bank of India (RBI) has said current account deficit (CAD) in this financial year is expected to decline to below 2.5% of GDP from 4.8% a year ago. The bank has stated that resumption in portfolio flows and pick up in FDI and External Commercial Borrowing (ECB) should help finance the CAD comfortably. The deficit was at 4.9% in Q1 and came down to 1.2% in Q2. The Union government raised the customs duty on gold in phases from 4% to 10% in 2013 to check CAD

TRADING STRATEGY: BUY SILVER ABOVE 44750 TGTS 44950/45250 SL 44350 SELL SILVER BELOW 44100 TGTS 43900/43600SL 44450 GOLD

TRADING STRATEGY: BUY GOLD ABOVE 29880 TGTS 29960/30060 SL 29760 SELL GOLD BELOW 29600 TGTS 29520/29420 SL 29720

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DAILY REPORT
30st JANUARY. 2014

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 4150 TGTS 4180,4230 SL 4100 SELL CASTORSEED FEB BELOW 4080 TGTS 4050,4000 SL 4130

4136 2946 8460 1549 12390 1200 3367 3844.5 7372

0.71 -0.51 1.68 0.85 -0.30 0.25 0.09 0.26 3.02

DHANIYA

NCDEX ROUNDUP Coriander prices rose by 1.17% to Rs 8,417 per quintal in futures trade today as speculators enlarged their positions supported by rising demand in the spot markets amid limited stocks. At the National Commodity and Derivative Exchange, coriander for February delivery gained Rs 97, or 1.17%, to Rs 8,417 per quintal with an open interest of 34,320 lots. Similarly, the spice for delivery in April traded higher by Rs 65, or 0.71%, to Rs 9,255 per quintal, with an open interest of 23,080 lots. Potato prices moved up by Rs 6.30 to Rs 1,097.10 per quintal in futures trade today on increased spot demand against restricted arrivals. At the Multi Commodity Exchange, potato for delivery in April rose by Rs 6.30, or 0.57%, to Rs 1,097.10 per quintal, with trading volume of 50 lots. Potato for delivery in March also moved up by Rs 5.10, or 0.47%, to Rs 1,068.20 per quintal with a trade volume of 67 lots Chana prices fell by 0.86% to Rs 3,130 per quintal in futures trade today after participants trimmed positions due to weak spot demand. At the National Commodity and Derivative Exchange, chana for April delivery eased by Rs 27, or 0.86%, to Rs 3,130 per quintal, with an open interest for 68,400 lots. Similarly, chana for February delivery fell by Rs 23, or 0.78%, to Rs 2,938 per quintal .

BUY DHANIYA FEB ABOVE 8495 TGTS 8525,8575 SL 8445 SELL DHANIYA FEB BELOW 8390 TGTS 8360,8310 SL 8440

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DAILY REPORT
30st JANUARY. 2014

CURRENCY

RBI Reference Rate

Currency Rate Currency Rate

Rupee- $ Euro EUR/INR

62.2005 Yen-100 84.9640 GBP

60.2200 103.1160

CURRENCY ROUNDUP The yen snapped a two-day slide versus the dollar as steps by Turkeys central bank to stem a selloff in the lira failed to support the currencies of other emerging-market nations, boosting the appeal of haven assets. The Swiss franc erased a drop against the dollar before the Federal Reserve ends a policy meeting amid economist forecasts it will reduce stimulus. The lira pared an advance, even after Turkish policy makers doubled the main interest rate at an emergency late-night meeting in Ankara. South Africas rand weakened, while the Australian dollar and Russian ruble erased gains of at least 0.5 percent versus the dollar. There was a sense that Turkey, by hiking interest rates, had resolved the lira pressure and by extension would provide comfort to other emerging markets, a currency strategist at HSBC Holdings Plc in London. But now the market is a little twitchy that there are still grounds to be nervous regarding emerging markets, which is creating volatility and a fresh bid for the yen.The yen strengthened 0.2 percent to 102.69 per dollar at 6:59 a.m. New York time having fallen as much as 0.5 percent. It gained 0.3 percent to 140.29 per euro, after declining 0.4 percent. The dollar was at $1.3662 against the shared currency from $1.3671 yesterday. The greenback moved off earlier lows and traded mixed against most major currencies on Wednesday after the Federal Reserve said it was cutting USD10 billion from its USD75 billion monthly bond-buying program. In U.S. trading on Wednesday, EUR/USD was down 0.10% at 1.3657. The Federal Reserve on Wednesday left its benchmark lending target, the fed funds rate, unchanged at 0.00%-0.25% and trimmed USD10 billion from its USD75 billion monthly assetpurchasing program in place to spur recovery. The Fed is now purchasing USD65 billion in Treasury holdings and mortgage debt a month to help make broader financial conditions more accommodative in order to strengthen recovery.

BUY EUR/INR ABOVE 86.06 TGTS 86.20, 86.34 SL 85.76. SELL EUR/INR BELOW 85.41 TGTS 85.27, 85.12 SL 85.71.

GBP/INR

BUY GBP/INR ABOVE 104.26 TGTS 104.40, 104.55 SL 103.96. SELL GBP/INR BELOW 103.56 TGTS 103.41, 103.25 SL 103.86.

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DAILY REPORT
30st JANUARY. 2014

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 JPY/INR JPY/INR

Contract

Strategy

Entry Level

Target

Stop Loss

Remark

29/01/14 29/01/14 29/01/14 29/01/14 29/01/14 29/01/14 29/01/14 29/01/14 29/01/14 29/01/14 29/01/14 29/01/14

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

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

29850 29650 45520 44900 4155 4080 8370 8235 85.25 85.98 60.58 61.26

29930-30030 29570-29470 45720-46020 44700-44400 4185-4245 4050-4000 8400-8450 8205-8155 85.12-84.98 86.12-86.28 60.44-60.29 61.39-61.53

29730 29760 45180 45260 4105 4130 8320 8285 85.55 85.68 60.87 60.97

NOT EXECUTED SL TRIGGERED NOT EXECUTED BOOKED FULL PROFIT NOT EXECUTED BOOKED PROFIT BOOKED FULL POFIT NOT EXECUTED BOOKED PROFIT NOT EXECUTED NOT EXECUTED NOT EXECUTED

Date

Scrip

CASH/ FUTURE/ OPTION

Strategy

Entry Level

Target

Stop Loss

Remark

29/01/14 29/01/14 29/01/14 29/01/14 20/01/14

NIFTY TATAGLOBAL MARUTI GLENMARPHARMA BJAAJ AUTO

FUTURE FUTURE FUTURE CASH FUTURE

SELL SELL SELL BUY BUY

6140 139 1550 550 1950

6100-6060 136-132 1505-1450 580-585 1900-2040

6180 144 1630 560 1890

NOT EXECUTED NOT EXECUTED NOT EXECUTED CALL OPEN CALL OPEN

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DAILY REPORT
30st JANUARY. 2014

ECONOMIC CALENDAR

NEXT WEEK'S U.S. ECONOMIC REPORTS TIME (ET) REPORT PERIOD ACTUAL CONSENSUS FORECAST PREVIOUS

MONDAY, JAN. 27
10 am New home sales Dec. TUESDAY, JAN. 28 8:30 am 10 am Durable good orders Consumer confidence index Dec. Jan. WEDNESDAY, JAN,29 NONE SCHEDULED THURSDAY, JAN. 30 8:30 am 8:30 am Weekly jobless claims GDP 1/25 1Q FRIDAY ,JAN 31 8:30 am 8:30 am 8:30 am 9:45 am 9:55 am Employment cost index Personal income Consumer spending Chicago PMI UMich consumer sentiment index 1Q Dec. Dec. Jan. Jan. Disclaimer
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469,000

464,000

1.5% 77.9

3.4% 78.1

N/A 3.0%

N/A 4.1%

0.5% 0.2% 0.2% 61.2 83.0

0.4% 0.2% 0.5% 60.8 82.5

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