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21th March 2014

MARKET DIARY
SGX NIFTY : 6529 ( 28 pts Up )

Quote of The
"Even the intelligent investor is likely to need considerable willpower to keep from following the crowd." Benjamin Graham Name Sensex Nifty DOW NASDAQ CAC DAX FTSE NIKKIE HANG SENG EW ALL SHARE

MARKET
Value 21740.09 6483.1 16331.05 4319.29 4327.91 9296.16 6542.44 14224.43 21265.22 10235.65 Change (92.77) (40.95) 108.88 11.69 19.85 19.07 (30.96) (238.29) 83.06 (36.36)

Chart of the Day Monthly FII Flows ( US$ mn )

INSTITUTIONAL TURNOVER
FII Investor 20th Mar, 14 Buy(Cr.) 3528.74 52045.59 168164.59 DII Investor 20th Mar, 14 Mar,14 2014 Buy(Cr.) 945.30 16119.28 61941.63 Sale(Cr.) 1,508.59 22,091.56 69,082.43 Net(Cr.) (563.29) (5972.28) (7140.80) Sale(Cr.) 2,806.72 39,082.04 1,55,407.79 Net(Cr.) 722.02 12963.55 12756.80

Index Action-Nifty (20th, Mar, 14)

Mar,14 2014

Contents News Economic calendar

Index

Page 3 4

Coverage UPDATE UPDATE

COMMODITY PRICE COMMODITY/CURRENCIES Value GOLD 29997.00 SILVER 45779.00 CRUDEOIL 106.06 COPPER NATURALGAS DOLLAR/RS. EURO/RS. POUND/RS. 407.60 273.00 60.95 84.24 100.82

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124, 1st floor 7/1, Lords Sinha Road Kolkata -700071. Ph 033-22821500/01/02/03/04 Mob : 9830013196 email: research@narnolia.com, website : www.narnolia.com

Derivative Research
NIFTY SNAPSHOT Nifty Spot Nifty Mar 2014 Future Nifty Apr 2014 Future Nifty Mar 2014 Open Interest Nifty Apr 2014 Open Interest 7 DMA of Spot Nifty 21 DMA of Spot NIfty 50 DMA of Spot Nifty VOLATILITY INDEX (VIX) PUT CALL RATIO Nifty (Mar Series) Option OI Distribution: 6483.10(-40.95) 6506 6555 19289100 3403000 6507 6347 6235 16.91(+0.03) 1.16 GRAPH

Index Outlook

Activity of Nifty (Mar Series) Strike CALL OI % Chng 6200 1764750 -4.3 6300 1836500 -14.3 6400 2828700 -5.1 6500 5369950 14.5 6600 5741700 8.9 6700 4205750 -3.0 Fresh Long Seen In (Rising OI -Rising Price) Scrip OI OI ch% PFC 65,18,000 13.6 ABIRLANUVO 10,22,500 8.3 KTKBANK 178,72,000 7.2 LICHSGFIN 168,44,000 6.7 GODREJIND 6,57,000 6.3 PCR (OI) RISING STOCK T1 MCLEODRUSS 0.59 HINDUNILVR 0.40 TCS 0.54 AUROPHARMA 0.89 SUNTV 0.60

PUT OI 6190350 4909450 6640400 5255400 1617100 391450 CMP % Chng 0.9 -4.6 5.6 -17.4 -60.9 -77.3 Ch%

FIIs Activity (Fig in Cr) Segment INDEX FUTURE INDEX OPTION STOCK FUTURE STOCK OPTION TOTAL

Buy 1,664 15,410 2,807 1,972 21,854

Sell 2,343 14,970 3,375 2,000 22,688

Net (679) 441 (568) (28) (834)

180.5 1061.0 109.4 230.1 292.4


T2 0.36 0.30 0.41 0.68 0.49

0.9 0.2 0.5 0.2 0.1

Fresh Shorts Seen In: (Rising OI -Falling Price) Scrip OI OI ch% RECLTD 53,70,000 18.6 GAIL 58,82,000 17.6 ONGC 143,35,000 13.1 IOB 55,52,000 10.9 COALINDIA 110,47,000 9.6 PCR (OI) FALLING STOCK T1 MRF 0.33 AMBUJACEM 1.36 OFSS 0.25 GAIL 0.25 TATASTEEL 0.70

CMP

Ch%

211.5 360.1 314.3 47.1 263.3


T2 0.60 1.86 0.33 0.33 0.86

-2.7 -2.5 -3.2 -0.2 -2.6

Markets Snapshot
Top Price Performers Top Performers 1D MUKANDLTD SOTL LINCPENQ BURNPUR RAMKASH Worst Price Performers Worst Performers 1D DHANUS COMMEXTECH SHARRESLTD SIMPLXREA SHREEKRPOL % Change (14.29) (9.71) (9.27) (8.80) (8.70) Worst Performers 1W PRITI SHARRESLTD SUNDARAM VAARAD PPAP % Change (35.53) (22.68) (22.14) (21.73) (20.79) Worst Performers 1M SUNDARAM KAVVERITEL MAHAPOL STRAUSIND NEXTMEDIA % Change (75.93) (43.96) (42.62) (39.45) (35.57) % Change 19.95 19.03 16.58 15.28 14.05 Top Performers 1W PRAKASHCON POLARIS RATNAMANI MUDRA TANLA % Change 52.31 41.43 40.22 35.01 33.75 Top Performers 1M BHEEMACEM VASCONEQ V2RETAIL SURAJLTD RATNAMANI % Change 89.30 75.35 69.92 69.80 68.00

Top News :
Prestige Est Mgt Guideline : Company believes the company will have a sustained growth going forward. Company achieved some spectacular numbers in this fiscal. Despite a slowdown in the sector, Prestige Estates is likely to achieve its FY14 guidance across various operating parameters due to good growth in the Bangalore market. The company, which got a good response to its Prestige Lakeside Project, is planning several new launches in FY15. The company has also bagged two large development projects in Hyderabad, which may get approvals soon. The company will be able to sustain the 30 percent operating margin levels. Persistent Mgt Guideline : Company has launched a dedicated business unit called Accelerite that will align its business strategy towards products and intellectual property based on the social, mobility, analytics and cloud (SMAC) platform . The companys nine-month dollar revenue growth stands at 14.6 percent while its targeted full year margin is 24-25 percent. JLR invests 45 mn pounds in new press line at Halewood unit . The new line has a combined press stamping capacity of 7,900 tonnes, making it the fastest and one of the biggest and most powerful press lines across JLR, stamping both steel and aluminium panels, the company said in a statement. Piramal-led Akshar Fincom has picked up a 3.5 percent stake in Sunteck Realty for around Rs 65 crore . Sunteck Realty has around 28 million square feet of area under development with most either completed or under various stages of completion. Canara Bank has decided to raise additional capital of Rs 1000 crore through issue of BASEL-III complaint Tier-II Bonds (Series-II). IDBI raises $300 mn via overseas bond sale at 5.06% coupon . The issue has been rated BB+ by S&P, Baa3 by Moody's and BBB- by Fitch. Ashoka Buildcon eyes premium rescheduling for 3 projects . Company expects a benefit of around 100-150 bps from the premium rescheduling norms. The Federal Reserve left its benchmark interest rate, the fed funds target rate, unchanged at 0.00%-0.25% and trimmed $10 billion from its $65 billion monthly asset-purchasing program in place to spur recovery. Spains Treasury sold 2.671 billion worth of five-year government bonds at an average yield of 1.991% earlier in the day, down from 2.097% at a previous auction last month. The Ukrainian government will immediately appeal to the United Nations to recognise Crimea as a demilitarised zone and take necessary measures for Russian forces to leave Crimea and prepare conditions for re-deployment of Ukrainian forces," security chief Andriy Parubiy said. German Producer Price Inflation remained unchanged at a seasonally adjusted annual rate of 0.0%, from -0.1% in the preceding month. Analysts had expected German Producer Price Inflation to rise 0.1% last month. The Confederation of British Industry said its index of industrial order expectations rose by 3.0 points to a reading of 6.0 this month from Februarys reading of 3.0. Analysts had expected the index to improve by 2.0 points to 6.0 in March.

Economic Calendar
Monday 17-Mar-14
Empire State Manufacturing Index , TIC Long-Term Purchases , Capacity Utilization Rate , Industrial Production m/m , NAHB Housing Market Index .

Tuesday 18-Mar-14

Wednesday 19-Mar-14

Thursday 20-Mar-14

Friday 21-Mar-14

US

Building Permits , Core CPI m/m , Housing Starts .

Unemployment Claims , Existing Home Sales FOMC Economic Projections , FOMC , Philly Fed Manufacturing Index , Flash Statement , Federal Funds Rate , Crude Oil Manufacturing PMI , Bank Stress Test Results Inventories , FOMC Press Conference . ,

UK/EURO ZONE

German Buba Monthly Report , CPI y/y , Core CPI y/y , CBI Industrial Order Expectations .

German Constitutional Court Ruling , German ZEW Economic Sentiment , ZEW Economic Sentiment , Trade Balance .

Claimant Count Change , MPC Asset Purchase Facility Votes , MPC Official Bank Rate Votes , Unemployment Rate , Average Earnings Index 3m/y , BBA Mortgage Approvals , Annual Budget Release.

German PPI m/m , French Flash Manufacturing PMI , French Flash Services PMI , German Flash Manufacturing PMI , German Flash Services PMI , Flash Manufacturing PMI , Flash Services PMI , Retail Sales m/m .

Current Account , Public Sector Net Borrowing , Belgian NBB Business Climate , Consumer Confidence .

INDIA

Advance Tax No

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