DAILY REPORT

6th FEBRUARY. 2014

Global markets at a glance Asian shares took a tentative step forward on Thursday as investors remained wary after the recent selloff in emerging markets raised concerns about the global economic outlook. A mixed picture on global growth added to the cautious tone in global markets, with many looking ahead to the crucial U.S. jobs report on Friday for a measure of comfort. However, a weaker-than-expected U.S. private jobs report promised to keep investors on tenterhooks at least until the payrolls data is out. Wall Street Update The US stocks dipped on Wednesday as technical support offset the latest batch of mixed data, which failed to lift sentiment after a string of soft economic indicators earlier in the week. In a volatile trading session, the benchmark Standard & Poor's 500 Index hit a session low of 1,737.92, marking its lowest level since October 18, before rebounding to briefly climb into positive territory with a session high of 1,755.79. US data is being closely watched after a weak reading in the factory sector on Monday sent Wall Street into a tailspin and triggered a global equity selloff. Wednesday's data left investors with little clarity about the economic impact from the harsh weather this winter. Previous day Roundup The market has ended a volatile trading day on flat note. The markets played yesterday's theme - massive selloff in early trade, and then a recovery in the latter half. After having lost more than 100 points in early trade, the markets closed in the green. The Sensex ended up 49.10 points at 20261.03, and the Nifty closed at 6022.40, up 21.50 points. About 1452 shares have advanced, 1096 shares declined, and 141 shares are unchanged. Index stats The Market was very volatile in yesterdays session. Among the sartorial indices the sectors which were are up Consumer Durables [down 1.45pts] Capital Good [up 19.41pts], PSU [up 42.47pts], ,Consumer FMCG [down 58.60pts] Realty [up 19.01Pts], power [up 13.64pts] the Auto [ up 186.47pts], and down were Healthcare [up14.71pts], IT [down pts], Metals [up 141.59 pts], TECK [down 30.92pts] Oil& Gas [down 22.39pts].

World Indices
Index DJl S&P 500 NASDAQ EURO STO FTSE 100 Nikkei 225 Hong Kong Value 15,440.23 1,751.65 4,011.55 2,962.51 6,457.89 14,196.65 21,417.79
CMP Change

% Change -0.03 -0.20 -0.50 0.00 +0.13 +0.11 +0.70

% Chg

Top Gainers
Company

RANBAXY TATASTEEL DLF TATAMOTORS M&M

340.45 360.50 137.80 355.00 876.00

CMP

18.50 17.55 3.70 9.15 22.25

Change

+5.75 +5.12 +2.76 +2.65 +2.61

% Chg

Top Losers
Company

ITC BHEL PNB MARUTI HCLTECH

Symbol

318.75 160.40 558.90 1,606.00 1,390.90

Prev. Close

6.15 2.45 6.90 13.65 11.00

Change

-1.89 -1.50 -1.22 -0.84 -0.78

%Chg

Stocks at 52 Weeks high

ABAN AUROPHARMA GLOBOFFS TATAMOTORS 523.00 492.50 258.00 83.35
Prev. Close

39.00 14.20 4.10 1.35

Change

+8.06 +2.97 -1.56 -1.59

%Chg

Stocks at 52 Weeks Low

Symbol

JETAIRWAYS MONNETSPA

211.20 79.85
CMP

5.00 2.80
Change

-2.31 -3.39
% Chg

Indian Indices
Company NIFTY SENSEX

6022.40 20,261.03

+21.50 +49.10

+0.36 +0.24

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DAILY REPORT
6th FEBRUARY. 2014

EQUITY CASH & FUTURE

STOCK RECOMMENDATIONS [FUTURE] 1. CROMPTON GREAVES

STOCK RECOMMENDATION [CASH] 1. HERCULES HOIST

CROMPTON GREAVES FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sustains above 120 levels. We advise buying above 120 levels with strict stop loss 115 for the targets of 125-130 levels. 2. TATA MOTORS

HERCULES HOIST is looking strong on charts. We advice buying around 110 levels with strict stop loss of 104 for the targets of 115-125 levels.

TATA MOTOR FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sustains above 350 levels. We advise buying around 352-355 levels with strict stop loss of 347 for the targets of 360-368 levels. YOUR MINTVISORY

MACRO NEWS The International Cotton Association, Liverpool, U.K. and Cotton Association of India, have decided to join hands and entered into a MoU. BHEL net profit fell 41% YoY to Rs 695cr during Oct-Dec quarter on account of lower revenues in its power and industry segments. Net sales slipped 15.7%, to Rs 8,462 cr compared to same quarter last year Ranbaxy Lab reported a net loss of Rs 159 cr for Q4(OctDec) on account of inventory provision for Toansa and higher tax expenses. But the loss reduced significantly compared to loss of Rs 486.55 cr in same quarter last year due to foreign exchange gain and healthy growth in US business. The company has changed its financial year to March as against Dec earlier; hence it was fourth quarter of CY13. Cognizant Technology Solutions reported annual revenue of $8.84 bn. The company's quarterly revenue rose to $2.355 bn, up 20.9% from the year-ago quarter and 2.2% sequentially.

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DAILY REPORT
6th FEBRUARY. 2014

FUTURE & OPTION

MOST ACTIVE PUT OPTION

Symbol Option Type Strike Price LTP

Traded Volume (Contracts )

NIFTY NIFTY BANKNIFTY BANKNIFTY RELIANCE SBIN TECHM SBIN

Symbol

PE PE PE PE PE PE PE PE
Option Type

5,900 6,000 9,500 10,000 800 1,350 1,700 1,500

Strike Price

54.4 87 69.8 185.2 8.45 7.95 26.55 46.9

LTP

STOCKS IN NEWS Thomas Cook is looking to acquire Sterling Holidays at 36 percent premium Sembcorp will acquire 45 percent in NCC Power for Rs 848 crore: 3,13,826 56,00,350 Divis Labs' Q3 net profit jumped to Rs 219 crore ver2,68,873 69,91,800 sus Rs 144.2 crore 21,001 2,09,400 Tata Chemicals reported Q3 consolidated net loss at Rs 15.9 crore versus profit of Rs 224 crore 20,711 2,94,075
Open Interest

1,578 1,465 1,445 5,333

Traded Volume (Contracts)

1,91,250 82,125 1,17,500 4,06,875

Open Interest

NIFTY FUTURE

MOST ACTIVE CALL OPTION

NIFTY NIFTY

CE CE

6,100 6,200 10,500 11,000 1,550 360 820

77 41.15 184.85 55.65 42.3 11.5 20.5 9.4 BUY

3,05,026 44,13,700 2,60,569 50,88,250 19,022 18,102 5,609 3,989 1,99,800 3,36,600 3,95,625

BANKNIFTY CE BANKNIFTY CE SBIN RANBAXY RELIANCE CE CE CE

TATACE 370 MOTORS FII DERIVATIVES STATISTICS

Nifty Future closed in the green in the last trading ses7,54,000 sion. We advise buying around 6000-5980 levels with 3,766 4,21,500 strict stop loss of 5950 for the targets of 6050-6080 levels. 2,902 18,23,000 SELL OPEN INTEREST AT THE END OF THE DAY Amount in Crores 11943.78 40543.48 29883.83 1193.20 TOTAL NET AMOUNT -446.37 147.69 -13.56 -21.01 -333.26

No. of Amount in No. of Amount in No. of Contracts Crores Contracts Crores Contracts INDEX FUTURES INDEX OPTIONS STOCK FUTURES STOCK OPTIONS 43933 401415 49747 37349 1286.30 11782.94 1552.57 1088.96 58662 396200 49959 38097 1732.67 11635.25 1566.13 1109.97 400833 1352591 1007101 42256

INDICES
NIFTY NIFTYJUNIOR BANK NIFTY YOUR MINTVISORY

S2
5938.16 11873.11 10057.85

S1
5980.28 11926.98 10144.75

PIVOT
6004.16 11969.21 10199.4

R1
6046.28 12023.08 10286.29

R2
6070.16 12065.31 10340.94

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DAILY REPORT
6th FEBRUARY. 2014

COMMODITY MCX
COMMODITY ROUNDUP Gold importers may get some relief soon as the government proposes to announce a cut in import duties in its ensuing vote on account session. At India's Multi Commodity Exchange (MCX), gold futures for February delivery has witnessed volatility this week with prices for April contract rising to Rs 29080 per 10 grams but falling back to Rs 28715. GOLD MCX Short term trend is up Immediate support @ 28600Immediate Resistance @ 29000 GOLD MCX Closed @ 28632.00 Yesterday Intraday Range of GOLD MCX was 391 Volumes were 16800 lots. For today Keep a close eye on US data, volatility may Rule the overall Market due to USDINR Movements. SILVER MCX Short term trend is UP, Immediate support @ 43500Immediate Resistance @ 44250 SILVER MCX Closed @ 43557.00 Yesterday Intraday Range of SILVER MCX was 1451. Volumes were 34580 lots. For today Keep a close eye on US data, volatility may Rule the overall Market due to USDINR Movements. Crude oil futures traded 0.61% higher at Rs 6,112 per barrel yesterday as speculators created fresh positions amid a firm trend in Asia. At the Multi Commodity Exchange, crude oil for delivery in February gained Rs 37, or 0.61%, to Rs 6,112 per barrel, with a business turnover of 2,764 lots. March oil delivery moved up by Rs 35, or 0.58 per cent, to Rs 6,102 per barrel, with a business volume of 171 lots. The rise in crude oil futures was largely in tandem with a firming trend in Asia as extra cold weather in the United States bolstered demand for heating fuel. Meanwhile, crude oil for March delivery advanced by 40 cents to USD 97.59 a barrel in midmorning trade at the New York Mercantile Exchange. Chinese smelters may take advantage of high TC/RCs and import premiums to export copper under a tolling program if domestic demand is weak. However, exports are unlikely to rocket as they still face constraints. One is the quota system that caps total exports, though under that system exports could still double from their current levels. Another, is that the recent crackdown on copper financing makes it more difficult to market the material.

RECOMMENDATIONS SILVER

TRADING STRATEGY: BUY SILVER ABOVE 44700 TGTS 44900/45200 SL 44300 SELL SILVER BELOW 44300 TGTS 44100/43800 SL 44700 GOLD

TRADING STRATEGY: BUY GOLD(APR) ABOVE 28900 TGTS 28980/29080 SL 28780 SELL GOLD(APR) BELOW 28600 TGTS 28520/28420 SL 28720

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DAILY REPORT
6th FEBRUARY. 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 4110 TGTS 4140,4190 SL 4060 SELL CASTORSEED FEB BELOW 3990 TGTS 3960,3910 SL 4040 DHANIYA

3999 2821 8065 1554 11910 1176 3298 3937 7266

-2.06 -0.81 +0.11 +1.37 +0.65 -0.68 +0.03 +0.87 -2.08

NCDEX ROUNDUP Potato prices moved up by Rs 13.20 to Rs 1,149 per quintal in futures trade yesterday on buying by speculators following increased spot demand against restricted arrivals from the major producing regions. At the Multi Commodity Exchange, potato for delivery in April rose by Rs 13.20, or 1.16 per cent, to Rs 1,149 per quintal, with a trading volume of 213 lots. Potato for delivery in March also moved up by Rs 7.20, or 0.65 per cent, to Rs 1,100 per quintal with a trading volume of 359 lots. Pepper prices have surged on tight supplies while cardamom prices have shot up on export demand. Pepper prices have risen to Rs 52,000 per 100 kg while Rajkumar pepper fetched Rs 540 while high range pepper was sold at Rs 530535 levels. Pepper and Cardamom, the two hot favourite spices from the South Indian state of Kerala is now on a bullish trend supported by tight supply amidst robust domestic and export demand. At Multi Commodity Exchange (MCX), cardamom futures for March delivery has risen 1.23% to Rs 817 per kg while February futures is up 0.58% to Rs 766.40 per kg. Exporters bought 60 tons of cardamom last week on rising export orders as the quality of the capsules are good in comparison to Guatemala variety.

BUY DHANIYA FEB ABOVE 8110 TGTS 8140,8190 SL 8060 SELL DHANIYA FEB BELOW 8010 TGTS 7980,7930 SL 8060

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DAILY REPORT
6th FEBRUARY. 2014

CURRENCY

RBI Reference Rate

Currency Rate Currency Rate

Rupee- $ Euro USD/INR

62.4525 Yen-100 84.3548 GBP CURRENCY ROUNDUP

61.5800 102.0099

Rupee was pulled down by oil bids after the opening stronger on global dollar weakness. The rupee-dollar pair was at 62.43/44 versus its previous close of 62.5250/5350 after rising to 62.35 earlier in the session. The rupee ended marginally lower on Wednesday as sentiment remained cautious with foreign funds continuing to be steady sellers of local debt ahead of key US nonfarm payrolls data. Foreign institutional investors have sold rupee debt worth $1.5 billion for nine of the 10 sessions to Tuesday. While the outflows have not assumed the proportions of last summer, which saw the rupee plunging to a record low of 68.85 to the dollar in late August, it nonetheless will ring a note of caution among policymakers To attract more stable flows, India's central bank last week doubled to $10 billion the amount of government debt longer-term investors such as sovereign wealth funds can buy. It lowered the limit for others by $5 billion to keep the overall foreigners' holding limit at $30 billion. The partially convertible rupee closed at 62.57/58 per dollar compared with Tuesday's 62.5250/5350. The rupee has also found support from inflows, which dealers have attributed to likely dollars brought in by foreign mobile companies to pay for spectrum to be allocated at the end of an auction. In the offshore non-deliverable forwards, the onemonth contract was at 62.87, while the three-month was at 63.74. The yen hovered near multi-month highs against the dollar and euro early on Thursday, highlighting a cautious mood among investors still fretting about the recent selloff in emerging markets. The dollar bought 101.51 yen, while the euro fetched 137.35 yen, both having lost a bit of ground overnight to be back near 11-week troughs of 100.75 and 136.25 respectively.

SELL USD/INR BELOW 62.64 TGTS 62.51, 62.38 SL 62.93. BUY USD/INR ABOVE 63.00 TGTS 63.14, 63.28 SL 62.71. GBP/INR

SELL GBP/INR BELOW 101.91 TGTS 101.77, 101.63 SL 102.21. BUY GBP/INR ABOVE 102.56 TGTS 102.71, 102.85 SL 102.26.

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DAILY REPORT
6th FEBRUARY. 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 USD/INR USD/INR EUR/INR EUR/INR

Contract

Strategy

Entry Level

Target

Stop Loss

Remark

05/02/14 05/02/14 05/02/14 05/02/14 05/02/14 05/02/14 05/02/14 05/02/14 05/02/14 05/02/14 05/02/14 05/02/14

APR. APR. MAR. MAR. FEB. FEB. FEB. FEB. FEB. FEB. FEB. FEB.

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

28800 28600 43950 43550 4135 4030 8085 8000 62.74 63.18 84.81 85.36

28880-28380 28520-28420 44150-44450 43350-43050 4165-4215 4000-3950 8115-8165 7970-7920 62.61-62.47 63.31-63.45 84.68-84.53 85.50-85.65

28680 28720 43550 43950 4085 4080 8035 8050 63.03 62.89 85.11 85.06

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

BOOKED PROFIT
BOOKED FULL PROFIT NOT EXECUTED

BOOKED PROFIT
NOT EXECUTED

BOOKED PROFIT
NOT EXECUTED

Date

Scrip

CASH/ FUTURE/ OPTION FUTURE FUTURE FUTURE CASH FUTURE

Strategy

Entry Level

Target

Stop Loss

Remark

05/02/14 05/02/14 05/02/14 05/02/14 04/02/14

NIFTY VOLTAS HCL TACH GRANULES INDIA LUPIN

BUY BUY SELL BUY BUY

6000-5980 110 1400 265 925

6050-6080 112-115 1370-1340 282-295 945-955

5950 108 1440 250 910

BOOKED PROFIT BOOKED FULL PROFIT CALL OPEN CALL OPEN CALL OPEN CALL OPEN Call us at +91-731-6642300

03/02/14

APOLLO TYRE

FUTURE

BUY

113

116-118

111

YOUR MINTVISORY

DAILY REPORT
6th FEBRUARY. 2014

ECONOMIC CALENDAR

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

MONDAY, FEB. 3
10 AM 10 AM TBA ISM CONSTRUCTION SPENDING MOTOR VEHICLE SALES JAN. DEC. JAN. TUESDAY, FEB. 4 10 AM FACTORY ORDERS DEC. WEDNESDAY, FEB.5 10 AM ISM NONMANUFACTURING JAN. THURSDAY, FEB. 6 8:30 AM 8:30 AM 8:30 AM WEEKLY JOBLESS CLAIMS TRADE DEFICIT PRODUCTIVITY 2/1 DEC. 4Q FRIDAY ,FEB 7 8:30 AM 8:30 AM NONFARM PAYROLLS UNEMPLOYMENT RATE JAN. JAN. Disclaimer
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57.0% 1.0% 15.4 MLN

1.8%

53.0%

N/A -$34.3 BLN 3.0%

74,000 6.7%

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