DAILY REPORT

18th FEBRUARY. 2014

Global markets at a glance Japan's Nikkei share average bounced from a 1 1/2-week low on Tuesday morning, spurred by a retreat in the yen and investor hopes the central bank will hint of further stimulus after surprisingly soft fourth quarter gross domestic product data. Nikkei rose 1.1% to 14,620.20 in mid-morning trade, moving away from lows of 14,214.60 hit on the previous day after sentiment was soured by the soft fourth quarter growth figures. Nikkei stock average rose 1.1 % thanks to a pullback in yen, building on a 0.6% rise the previous day. Wall Street Update With economic data being shoveled aside like snow and earnings season winding down, U.S. stock investors could zero in next week on the Fed's view of the economy and technical analysis charts as the S&P 500 nears its record high. The S&P 500 traded on Tuesday above its 50-day moving average for the first time since January 24. That level, now near 1,811, served as support on a first test shortly after the open on Thursday. Previous day Roundup The last interim Budget of UPA II presented by finance minister P Chidambaram could not rejoice the market on Monday. Barring few positive takeaways like better-thanexpected fiscal deficit and cut in excise duty for auto sector, there was no major announcement made by P Chidambaram. The market ended on a high note. The Sensex closed up 97.24 points at 20464.06, and the Nifty ended at 6073.30, up 24.95 points. About 1226 shares have advanced, 1364 shares declined, and 155 shares are unchanged. It was overall a decent budget day. Index stats The Market was very volatile in yesterdays session. The sartorial indices performed as follow; Consumer Durables [down 41.65pts] Capital Good [up 10.34pts], PSU [down 18.96pts], FMCG [down 7.06pts] Realty [down 9.96Pts], Power [up 14.48pts], Auto [ up 90.99pts], Healthcare [up 68.29pts], IT [up 15.95pts], Metals [down 64.21pts], TECK [up 0.35pts] Oil& Gas [down 41.08pts].
YOUR MINTVISORY

World Indices
Index DJl S&P 500 NASDAQ EURO STO FTSE 100 Nikkei 225 Hong Kong Value 16,154.39 1,838.63 4,244.03 3,118.91 6,736.00 14,535.10 22,460.92
CMP Change

% Change +0.79 +0.48 +0.08 -0.00 +1.09 +0.99 -0.33

% Chg

Top Gainers
Company

TATAPOWER M&M DRREDDY ICICIBANK HEROMOTOCO

77.25 934.00 2,647.00 1,012.00 1,975.00

CMP

3.40 29.60 66.95 23.55 37.70

Change

+4.60 +3.27 +2.59 +2.38 +1.95

% Chg

Top Losers
Company

NMDC COALINDIA DLF HINDALCO RELIANCE

138.10 256.15 142.50 98.75 812.75

Prev. Close

7.35 4.65 2.50 1.15 9.30

Change

-5.05 -1.78 -1.72 -1.15 -1.13

%Chg

Stocks at 52 Weeks high

Symbol

AMTEK AUTO HCLTECH GLOBOFFS WELSPUN INDIA

88.70 1,503.60 181.45 96.00

Prev. Close

7.70 6.25 8.60 1.15

Change

+9.51 +0.42 +4.98 +1.21

%Chg

Stocks at 52 Weeks Low

Symbol

CORPBANK ESSARPORTS

240.50 50.50
CMP

2.10 2.05
Change

+0.88 -3.90
% Chg

Indian Indices
Company NIFTY SENSEX

6,073.30 20,464.06

+24.95 +97.24

+0.41 +0.48

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DAILY REPORT
18th FEBRUARY. 2014

EQUITY CASH & FUTURE

STOCK RECOMMENDATIONS [FUTURE] 1. M&M

STOCK RECOMMENDATION [CASH] 1. SOMANY CERAMICS

M&M FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sustains above 940 levels. We advise buying above 940 levels with strict stoploss 920 for the targets of 960-980 levels. 2. TATA POWER

SOMANY CERAMICS is looking strong on charts. We advise buying around 140-145 levels with strict stop loss of 135 for the targets of 150-155 levels.

TATA POWER FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sustains above 78 levels. We advise above 78 levels with strict stoploss 76 for the targets of 80-82 levels.

MACRO NEWS In Interim Budget P Chidambaram reduced excise duty in some sectors. He has also said FY15 fertilizer subsidy to be at Rs 76,000 crore and Rs 35,000 cr will be rolled out in FY 14 as fuel subsidy. FY15 food subsidy at Rs 1.15 lakh crore. The government is planning to achieve fiscal deficit at 3 percent of GDP by FY17. FY14 non-plan expenditure will be higher than expected while that for FY15 is projected at Rs 12.07 tn, he said. FY15 plan expenditure will be same as last year: Rs 5.55 trillion. While economists are busy doing the math, here are things that are to get cheaper from April 1. India aims to raise 389.54 billion rupees ($6.27 billion) in revenue from the telecoms sector, including proceeds from airwave auctions, during the next fiscal year beginning April 1. Auto, IT, pharma help paint rosy Q3 picture, but current phase of growth not secular across sectors. Results Today: ABB , GlaxoSmithKline Pharma , Gujarat Pipavav. State financial institutions, LIC to buy stake in BHEL .

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DAILY REPORT
18th FEBRUARY. 2014

FUTURE & OPTION

MOST ACTIVE PUT OPTION

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

NIFTY NIFTY NIFTY BANKNIFTY SBIN MCDOWELL TATA MOTORS

Symbol

PE PE PE PE PE PE PE
Option Type

6,000 6,100 5,900 10,000 1,450 2,300 380

Strike Price

24.35 56.7 9.9 40.8 18 42.8 4.4

LTP

4,11,729

1,01,60,55 0

2,70,931 41,68,200 2,65,133 60,30,750 36,117 7,982 2,349 4,30,650 6,27,250 1,54,000

STOCKS IN NEWS Airtel may announce Loop Mobile acquisition in next 2 days. Tata Motors, General Motors India to reduce vehicle prices. SBI sees healthy growth in retail loans despite net drop. GSK Rs 6,400 crore open offer commences today and will close on March 5 Hindustan Zinc (HZL), BALCO divestments will not take place this fiscal NIFTY FUTURE

2,324 10,97,000
Traded Volume (Contracts)

TATASTEEL

MOST ACTIVE CALL OPTION

PE

370

5.7

1,818

8,64,000
Open Interest

NIFTY NIFTY NIFTY SBIN TATAMOTORS RELIANCE

CE CE CE CE CE CE

6,100 6,200 6,300 10,000 1,500 390 820

53.7 17.2 3.8 40.8 21.25 6.75 8.75 21.05 BUY

4,65,769 51,15,050 3,18,621 67,90,900 1,93,293 49,41,600 36,117 10,854 2,845 2,759 2,683 4,30,650 7,12,625 9,66,000 Nifty Future closed in the green in the last trading session. We advise buying around 6050-6060 levels with 7,60,000 strict stop loss of 6005 for the targets of 6100-6150.. 2,49,625 SELL OPEN INTEREST AT THE END OF THE DAY Amount in Crores 11680.80 46552.97 30032.84 1863.11 TOTAL NET AMOUNT 236.13 289.52 -244.22 -42.02 239.42

BANKNIFTY CE

TCS CE 2,200 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 38790 474323 49512 48391 1158.40 14035.39 1473.88 1398.12 30931 466618 57805 49921 922.27 13745.87 1718.10 1440.14 389051 1542426 1020852 63999

INDICES
NIFTY NIFTYJUNIOR BANK NIFTY YOUR MINTVISORY

S2
6021.73 11688.71 10144.58

S1
6047.51 11754.03 10235.56

PIVOT
6064.08 11806.56 10296.78

R1
6089.86 11871.88 10387.76

R2
6106.43 11924.41 10448.98

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DAILY REPORT
18th FEBRUARY. 2014

COMMODITY MCX
COMMODITY ROUNDUP Finance Minister (FM) P Chidambaram on Monday supported reforms in commodities markets while presenting the interim Budget for 2014-15. However, the jewellery sector, expecting a cut in the duty on gold imports and a relaxation in import norms, was disappointed. Gold prices on the Multi Commodity Exchange (MCX) rose two per cent. The FM claimed credit for fully deregulating the sugar sector. In May, the government had rolled back some controls. However, the cane price is still based on what a state decides. A mill has to buy from a designated area. Also, there are distance specifications between two mills. In the morning, the jewellery stocks were up two-five per cent. But soon after the speech, the stocks gave up the gains. Prices closed marginally lower on Fridays closing. But the gold price jumped Rs 400 per 10g on the MCX after the speech. In the evening, it went up Rs 600 at Rs 29,958 per 10g and in the international market $8-9 since early morning to $1,326 an ounce. In the Mumbai physical market, it closed at Rs 31,085 per 10g, Rs 470 higher from Saturday. FM disappointed iron-ore miners and pellet makers by not withdrawing the 5% duty on the export of pellets in the interim Budget 2014-15. These may consider closing pellet units and putting on hold investments of Rs 35,000 crore. Taking positive cues from global markets, copper prices rose 0.90 per cent to Rs 449.80 per kg in futures trade today amid high domestic demand. At the Multi Commodity Exchange, copper for delivery in February traded higher by Rs 4, or 0.90 per cent, to Rs 449.80 per kg in business turnover of 1,313 lots. The April contract edged up by Rs 3.75, or 0.83 per cent, to Rs 454.30 per kg with a business volume of 99 lots. Besides increased demand from domestic consuming industries, a firming trend overseas after a report showed China's new credit increased to a record last month, boosting demand prospects for industrial metals from the world's top user, influenced copper prices at futures trade here. Meanwhile, copper for delivery in three months added 0.6 per cent to $7,1094.75 a tonne on the London Metal Exchange. At the Shanghai Futures Exchange, the April contract traded advanced 0.70 per cent to 51,010 yuan ($8,411) a tonne.

RECOMMENDATIONS SILVER

TRADING STRATEGY: BUY SILVER ABOVE 48050 TGTS 48250/48550 SL 47700 SELL SILVER BELOW 47500 TGTS 47300/47000 SL 47850 GOLD

TRADING STRATEGY: BUY GOLD(APR) ABOVE 30170 TGTS 30250/30350 SL 30050 SELL GOLD(APR) BELOW 29850 TGTS 29770/29670 SL 29970 YOUR MINTVISORY

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DAILY REPORT
18th 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 MAR ABOVE 4185 TGTS 4215,4265 SL 4135 SELL CASTORSEED MAR BELOW 4140 TGTS 4110,4060 SL 4190 DHANIYA

4110 2935 8175 1530 11545 1212 3372 3995 7244

-2.65 -1.11 -2.19 -0.33 -0.73 -0.25 +0.51 +0.63 -1.39

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. Call us at +91-731-6642300

BUY DHANIYA APR ABOVE 9085 TGTS 9115,9165 SL 9045 SELL DHANIYA APR BELOW 8920 TGTS 8890,8840 SL 8970

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DAILY REPORT
18th FEBRUARY. 2014

CURRENCY

RBI Reference Rate

Currency Rate Currency Rate

Rupee- $ Euro JPY/INR

61.9495 Yen-100 84.9495 GBP

60.9700 104.0194

CURRENCY ROUNDUP The Indian rupee opened on flat note at 61.96 per dollar versus 61.92 Friday and rose to a near one-month high on Monday, helped by some late dollar selling by foreign banks, even as the finance minister presented a largely inline budget, sticking to his fiscal deficit target while doling out sops to some sectors. The partially convertible rupee closed at 61.84/85 per dollar, after hitting 61.83, its strongest since Jan. 22. It had closed at 61.925/935 on Friday. In the offshore non-deliverable forwards, the one-month contract was at 62.15 while the three-month was at 63.01. The rupee's gains on Monday were in line with other Asian currencies which posted strong gains as the dollar tanked after data showed U.S. manufacturing output unexpectedly fell in January due to cold weather. A string of disappointing U.S. data pinned the dollar near six -week lows against a basket of currencies on Tuesday, while Asian shares mostly eased after solid gains in recent sessions. The dollar index stood at 80.114 near its lowest level so far this year while gold and silver stood near 3-1/2month highs on the back of the dollar's weakness. As the dollar lost altitude, the euro held firm at $1.3702 , having hit a three-week high of $1.37245 on Monday. The dollar recovered to 101.92 yen from a one-week low of 101.38 yen hit on Monday as Japanese shares rose but some traders said it could slip again if the BOJ stands pat. The Australian dollar hit a five-week high of $0.9078 , testing stiff chart resistance around $0.9080. The pound rose to four-year highs against the dollar on Monday, buoyed by expectations that the Bank of England could raise interest rates as soon as next year as the economic recovery gains momentum. GBP/USD hit 1.6823, the strongest since November 2009 and was last up 0.05% to 1.6755. The pound has strengthened since the BoE raised its U.K. economic growth forecast for 2014 to 3.4% from 2.8% on Wednesday and indicated that it may raise interest rates next year. Elsewhere, EUR/GBP hit 0.8158, the lowest since January 2013 and was last up 0.12% to 0.8185.

SELL JPY/INR BELOW 60.71 TGTS 60.58, 60.44 SL 61.00. BUY JPY/INR ABOVE 61.31 TGTS 61.44, 61.58 SL 61.02. EUR/INR

SELL EUR/INR BELOW 84.75 TGTS 84.61, 84.46 SL 85.06. BUY EUR/INR ABOVE 85.38 TGTS 85.52, 85.67 SL 85.06. YOUR MINTVISORY

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DAILY REPORT
18th 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 JPY/INR JPY/INR

Contract

Strategy

Entry Level

Target

Stop Loss

Remark

17/02/14 17/02/14 17/02/14 17/02/14 17/02/14 17/02/14 17/02/14 17/02/14 17/02/14 17/02/14 17/02/14 17/02/14

APR. APR. MAR. MAR. MAR. MAR. APR. APR. FEB. FEB. FEB. FEB. CASH/ FUTURE/ OPTION FUTURE FUTURE FUTURE CASH FUTURE CASH CASH

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

29450 29250 46850 46500 4310 4250 9150 9045 62.00 62.46 60.84 61.46

29530-29630 29170-29070 47100-47450 46250-45900 4340-4390 4220-4170 9180-9230 9015-8965 61.87-9174 62.59-67.72 60.71-60.57 61.59-61.73

29350 29350 46600 46800 4260 4300 9100 9095 62.29 62.17 61.13 61.17

BOOKED PROFIT NOT EXECUTED NOT EXECUTED NOT EXECUTED NOT EXECUTED BOOKED FULL PROFIT NOT EXECUTED BOOKED FULL PROFIT BOOKED PROFIT NOT EXECUTED NO PROFIT NO LOSS NOT EXECUTED

Date

Scrip

Strategy

Entry Level

Target

Stop Loss

Remark

17/02/14 17/02/14 17/02/14 17/02/14 14/02/14 13/02/14 10/02/14

NIFTY M&M TATA MOTORS AMTEK INDIA HINDALCO RPG LIFE SCIENCES KRBL

BUY BUY BUY BUY SELL BUY BUY

5980-6000 915 380-385 64-65 100 52-55 45-46

6050-6080 925-945 394-398 70-75 97-95 59-64 50-54

5950 890 374 60 103 47 40

NOT EXECUTED BOOKED PROFIT CALL OPEN CALL OPEN CALL OPEN CALL OPEN CALL OPEN Call us at +91-731-6642300

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DAILY REPORT
18th FEBRUARY. 2014

ECONOMIC CALENDAR

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

MONDAY, FEB. 17 NONE SCHEDULED TUESDAY, FEB. 18 8:30 am 10 am Empire state index Home builders' index Feb. Feb. WEDNESDAY, FEB.19 8;30 am 8:30 am 8:30 am 2 pm Producer price index Core PPI Housing starts FOMC minutes THURSDAY, FEB. 20 8:30 am 8:30 am 8:30 am 9 am 10 am 10 am Weekly jobless claims Consumer price index Core CPI Markit flash PMI Philly Fed Leading indicators 2/15 Jan. Jan. Feb. Feb. Jan. FRIDAY ,FEB 21 10 am Existing home sales Jan. Disclaimer
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11.0 56

12.5 56

Jan. Jan. Jan.

0.1% 0.2% 963,000

0.4% 0.3% 999,000

N/A 0.2% 0.2% -10 --

N/A 0.3% 0.1% 53.7 9.4 0.1%

4.68 mln

4.87 mln

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