MOSt Market Roundup

Thursday March 12th, 2015

EQUITY Market

Sensex 28930.41

Today
3727
24376
18521
161857
208481

Pev. Day
3496
20547
18477
206441
248961

Advance / Decline
Group
Advance
Decline
Unchanged

NIFTY 50
37
13
0

BSE 200
155
42
2

Top Index Gainers

Scrip
CAIRN
SSLT
NTPC
HINDALCO
DLF

LTP
234.45
201.50
159.00
134.50
149.15

% Change
4.83
4.57
3.41
3.18
2.83

LTP
2860.00
1241.00
2069.85
3429.25
365.55

% Change
-2.11
-1.53
-1.36
-1.12
-1.02

Top Index Losers

Scrip
TECHM
M&M
BAJAJ-AUTO
DRREDDY
COALINDIA

DERIVATIVE MARKET

Exchange

No. of
Contracts

Turn
Over

Index Futures
Stock Futures
Index Options
Stock Options
F&O Total

417858
751755
4896713
367784
6434110

11573
23512
115315
11458
161857

Most Active Stock Future

Price
Rs.

RELCAPITAL
TATASTEEL
BHARTIARTL
ICICIBANK

495.6
333.3
394.5
338.5

Technical Outlook
Nifty is in a 9000 -8500 band in which it will move until it closes decisively
outside it. The current down-move can witness acceleration hence avoid bottom
fishing for now. Initial support is at 8500 and we shall re-look at the development
once the Index is around the same.

8808.15

56.00

24847
59188
25878
56511

Premium

32.15

Nifty saw marginal fresh longs during the day. The basis for nifty
decreased to 32pts v/s 50pts yesterday. Implied volatility closed
marginally lower at 14.75 (down 2.51%). Among Nifty options Put writers
remained active at 8800 and below strikes Calls whereas 8700 Call saw
unwinding pushing the nifty higher. Stock futures saw Longs in Telecom
and selective Realty stocks.

Most Active Nifty Calls

No. of Contract
Vol
OI
38419
22926
21895
20530

Market bounced back after a fall for three consecutive days. Sensex climbed
up nearly 1% (271 points) to close at 28931 and Nifty gained 76 points to close
at 8776. Rally in the Asian markets and hope of government policy
implementation boosted the market sentiment. Most of the Asian markets
gained half to one percent while South Korean central bank unexpectedly cut
interest rates. IIP and CPI number will be announced today.
Insurance companies, Metal, Mid-cap, Cement, Realty, Telecom and Pharma
stocks witnessed smart rally. Insurance stocks gained on hope of Insurance bill
to be put to vote today in Rajya Sobha. Reliance Capital surged 10% to close at
Rs490. Others like Aditya Birla Nuvo and Max India gained 4% and 5%
respectively. ITC gained 2.5% to close at Rs347. Media report that the company
raised Cigarette price by up to 20%. Sintex gained 8% to close at Rs133. The
company allots 4.6mn shares upon FCCB conversion to repay long term debt.
Natco Pharma gained 15% to close at all time high of Rs2056. The company
received Indian drug regulators approval to launch Solvaldi generic in India.
Metal stocks witnessed fresh buying. SSLT, Hindalco, Tata Steel and JSW Steel
gained 2-4%. Siemens was the biggest gainer among the capital goods stock.
It has surged 6% to close at all time high of Rs1471. Telecom stocks continued
their northbound journey. Idea gained 7% to close at Rs175. It has gained 11%
in just three consecutive days. Both RCOM and Bharti gained 6% and 2%
respectively. Bids for Indian wireless spectrum reached Rs920bn after six days
of auctions.

Nifty Futures

Derivative Volumes (Rs in Crores)

Stock
Futures

76.05

Dealer's Diary

Cash Volumes (Rs in Crores)

Exchange
BSE (Cash)
BSE (Derivatives)
NSE (Cash)
NSE(Derivatives)
Total

Nifty 8776.00

271.24

Most Active Nifty Puts

Index
Option

Price
Rs.

No. of Contract
Vol
OI

Index
Option

Price
Rs.

8,900
9,000
8,800
9,100

58.05
29.9
103.8
13.6

555618 69,090
466040 111,632
428805 55,413
288767 75,183

8,700
8,800
8,600
8,500

58.9
96
34.7
20

No. of Contract
Vol
OI
574911
356397
333068
249045

78,230
61,076
82,633
94,719

MOSt Market Roundup

Thursday March 12th, 2015

EQUITY Market
Daily News

Global Indices

ITC raises Cigarette price by up to 20% - ET NOW

Indices
Dow Fut
Nasdaq Fut
FTSE
Hang Seng

Closing Price
17638
4317
6772.55
23797.96

Change(%)
-0.16
0.22
0.76
0.34

Closing Price
62.59
1.06
1.50
121.15

Change(%)
0.31
0.44
0.36
0.25

Currency
V/S INR
Dollar
Euro
Pound
Yen

Glenmark Pharmaceuticals announced today that it has received

approval for Salmecort (Salmeterol+Fluticasone) MDI inhaler, from
the Ministry of Health (MoH), Russia. The approval marks
Glenmark's entry into the respiratory inhaler market in Russia.
According to IMS, the total inhaler market in Russia is estimated
to be around USD 283 million, out of which the total MDI market
is valued at around USD 107 million
Sumitomo MTB completes stake purchase in Reliance Capital,
Reliance Capital gets Rs3.71bn proceeds for 2.77% stake sale
Sintex Industries allots 4.6mn shares upon FCCB conversion
Natco received Indian drug regulators approval to launch Solvaldi
generic in India - Sovaldi is one of the highest grossing drug
globally (Annualised sales of US$9bn+) and also the most
expensive one (US$84000 for 12 week treatment course

Commodity
Indices
Brent Crude
Gold
Silver

IVRCL wins order valued at Rs2.26bn

Closing Price
58.12
1160.71
15.64

Change(%)
1.01
0.47
0.82

Adlabs IPO extended 3 days to March 17 and IPO price band cut to
Rs180 - 215/share from Rs221-Rs230/share
Ministry Recommends Raising Rubber Import Tax to 25%

Note - *Data as of today, 5P.M.

US Data
Retail sales advance : 0.3% (Prior -0.8%)
Commodity
Copper gained the most in two weeks and aluminum rebounded
from an 11-month low as credit growth rose more than forecast in
China, the largest industrial metals user.
Global market
Asian stocks headed for the biggest advance in more than a month
as banks climbed and Japan's Nikkei 225 Stock Average rose to an
almost 15-year high. Hang Seng, China and Nikkei gained 0.3%,
1.5% and 1.8% respectively.
European stocks rose, extending a seven-year high, led by gains in
miners and energy shares. FTSE and Dax gained 0.8% and 0.1%
respectively.

Motilal Oswal Securities Ltd., Motilal Oswal Tower, Level 6, Sayani Road, Prabhadevi, Mumbai 400 025

MOSt Market Roundup

Thursday March 12th, 2015

Technical Commentary

The Nifty pulled itself up breaking its three days declining trend. Opening higher at 8740, the Nifty meandered about
to hit a low of 8732. In the second half it moved up to touch 8787 before closing at 8776, up 76 points for a 0.87% gain.
The CNX Mid Cap and Small Cap indices moved enthusiastically to add 1.56% and 1.59% respectively. In the broad
market advances led declines 2:1. All sector indices closed positive. Bank Nifty and PSU Banks index gained 0.51% and
0.89% respectively. Realty, Auto, Commodities, Energy, FMCG, Infra Media , Metals and IT sectors closed up 1 to 2%
each. Major gainers were DLF 3%, Cairn 5%, NTPC 3%, BHEL 3%, SSLT 4%, Hindalco 3% and Sun Pharma 3%. Nifty is in a
9000 -8500 band in which it will move until it closes decisively outside it. The current down-move can witness acceleration
hence avoid bottom fishing for now. Initial support is at 8500 and we shall re-look at the development once the Index
is around the same.

Follow up - Open Recommendations

Date
Scrip
OPTION STRATEGY CALL
11-Mar
NIFTY8700PE
11-Mar
NIFTY8800CE
10-Mar
NIFTY8300PE
10-Mar
NIFTY8700PE
10-Mar
NIFTY8500PE
10-Mar
NIFTY8500PE
SHORT TERM CALL
12-Mar
RECLTDFUT
12-Mar
AMBUJACEM270CE
11-Mar
NIFTY8700PE
11-Mar
NIFTYFUT
10-Mar
SBIN280PE
10-Mar
MARUTI3550PE
OVERNIGHT CALL
12-Mar
RELCAPITALFUT

Reco

Price

Lot

Close

Target

Stop Loss

MTM +/-

BUY
BUY
BUY
BUY
SELL
SELL

82.05
97.85
11.9
82.35
34.2
33.95

25
25
25
25
25
25

58.9
103.8
6.3
58.9
20
20

-569
149
-140
-514
355
349

BUY
BUY
BUY
SELL
BUY
BUY

353.6
5.65
84.8
8771
5.55
20.1

1000
1000
25
25
1250
125

350.3
4.5
58.9
8808.15
4.2
9.65

362
11
140
8670
11
60

349.3
2.5
55
8826.3
3
4

-3557
-1500
-719
-1213
-1576
-1404

BUY

492.55

500

495.6

506

486

1121

# Please Watch for Followup Alerts provided on the Trading Screen / Call your MOSL Advisor

Motilal Oswal Securities Ltd., Motilal Oswal Tower, Level 6, Sayani Road, Prabhadevi, Mumbai 400 025

MOSt Market Roundup

Thursday March 12th, 2015

Pivot Table
Co. Name

Close

Low

S2

S1

PP

R1

R2

NIFTY
Sensex
BANKNIFTY
ACC
ACEM
APNT
AXSB
BJAUT
BOB
BHEL
BPCL
BHARTI
CAIR
CIPLA
COAL
DLFU
DRRD
GAIL
GRASIM
HCLT
HDFCB
HMCL
HNDL
HUVR
HDFC
ICICIBC
IDFC
IIB
INFO
ITC
JPA
JSP
KMB
LT
LPC
MM
MSIL
NMDC
NTPC
ONGC
PWGR
PNB
RBXY
RIL
SSLT
SBIN
SUNP
TCS
TTMT
TPWR
TATA
UTCEM
WPRO

8,776
28,930
19,259
1,655
265
808
584
2,070
180
265
749
394
234
721
366
149
3,429
395
3,738
2,055
1,054
2,644
135
961
1,331
339
169
889
2,215
346
28
194
1,365
1,744
1,880
1,241
3,685
132
159
313
150
166
814
864
202
287
1,038
2,618
565
82
333
3,011
655

8,733
28,773
19,211
1,621
261
805
583
2,067
178
259
748
387
225
711
363
145
3,415
389
3,713
2,042
1,051
2,616
129
956
1,316
335
168
889
2,177
339
27
192
1,355
1,740
1,860
1,233
3,662
129
153
309
148
165
792
856
194
286
1,010
2,590
554
81
327
2,994
647

8,711
28,693
19,118
1,607
257
799
576
2,037
176
257
741
381
221
703
358
143
3,360
386
3,677
2,022
1,044
2,605
127
946
1,303
333
167
880
2,157
335
27
190
1,334
1,725
1,847
1,217
3,631
127
147
307
146
163
783
850
191
284
999
2,576
549
81
323
2,976
642

8,744
28,812
19,188
1,631
261
804
580
2,054
178
261
745
388
228
712
362
146
3,395
390
3,707
2,038
1,049
2,624
131
953
1,317
336
168
885
2,186
341
28
192
1,350
1,734
1,863
1,229
3,658
130
153
310
148
165
798
857
196
285
1,019
2,597
557
81
328
2,993
649

8,765
28,891
19,282
1,645
265
809
587
2,083
180
263
752
394
231
720
367
148
3,450
393
3,743
2,059
1,056
2,636
133
963
1,330
338
170
894
2,206
344
28
194
1,370
1,750
1,877
1,245
3,689
131
159
312
150
166
807
862
199
287
1,029
2,611
562
82
332
3,012
653

8,798
29,010
19,352
1,669
269
813
591
2,100
182
267
756
401
238
729
371
151
3,484
397
3,774
2,075
1,062
2,655
137
971
1,344
341
171
898
2,235
350
29
196
1,386
1,759
1,893
1,257
3,716
133
165
315
152
168
823
869
205
289
1,049
2,632
570
82
337
3,029
659

8,820
29,090
19,445
1,684
273
819
597
2,129
184
269
763
407
241
737
376
153
3,540
400
3,810
2,096
1,069
2,667
140
980
1,358
343
173
907
2,256
354
30
198
1,406
1,775
1,906
1,273
3,747
134
171
317
154
169
832
874
208
291
1,059
2,646
575
83
341
3,048
663

Motilal Oswal Securities Ltd., Motilal Oswal Tower, Level 6, Sayani Road, Prabhadevi, Mumbai 400 025

High
8,787
28,971
19,375
1,660
269
815
594
2,113
182
265
759
400
235
728
372
150
3,505
396
3,779
2,079
1,064
2,647
136
973
1,343
340
172
903
2,226
348
29
196
1,391
1,765
1,890
1,261
3,720
132
165
314
152
167
817
867
203
289
1,040
2,625
567
82
336
3,030
657

MOSt Market Roundup

Thursday March 12th, 2015

MOSt Velocity - 10
Benchmarks Comparison

Account Summary
Cash Market
Model Corpus Value
Total Return till date
Booked Profit
Unrealised Profit

(INR)
1000000
827942
834842
-6900

Return %

Index

9th Sep

CMP

2011
82.8%
83.5%
-0.7%

BSE 200

Benchmark
(%)

2089

3652

74.8%

Reco
Price

CMP

Mark to
Market

Relative
Performance
8.0%

Open Calls
Stock
Name
HEROMOTOCO
HEROMOTOCO
FINCABLES
AIAENG
ASIANPAINT
COALINDIA
COALINDIA
NTPC
ZEEL
HDFCBANK
TECHM
DIVISLAB
Cash
Total

Sector
Name
AUTO
AUTO
CAPITAL GOODS
CAPITAL GOODS
FMCG
UTILITIES
UTILITIES
UTILITIES
MEDIA
FINANCIAL
IT
PHARMA
Cash

Reco
Date
30-Jan-15
4-Feb-15
9-Jan-15
22-Jan-15
5-Feb-15
22-Dec-14
11-Feb-15
30-Jan-15
12-Feb-15
2-Mar-15
5-Mar-15
5-Mar-15

Wtg.
(%)

No. of
Shares

5.0%
5.0%
5.0%
5.0%
5.0%
5.0%
5.0%
5.0%
5.0%
10.0%
5.0%
5.0%
35.0%
100.0%

31
31
308
77
109
211
236
631
250
166
31
51

2933
2854
279
1147
818
368
355
144
356
1095
2899
1792

2642
2642
269
1269
808
365
365
160
353
1055
2857
1799

Remarks

-9008
-6555
-3123
9395
-1041
-760 EX DIV Rs.20.7/2327 EX DIV Rs.20.7/10102
-652
-6628
-1314
358
-6900

Last 10 Exit Trades

Stock
Name
Past Booked Profit / Loss
SBIN
SBIN
HDFC
IBULHSGFIN
GPPL
GPPL
TITAN
COLPAL
ASHOKLEY
MARUTI
Total

Reco
Date

Wtg
(%)

No.of
Shares

Reco
Price

Exit
Price

21-Jan-15
23-Jan-15
11-Feb-15
18-Feb-15
28-Jan-15
4-Feb-15
18-Feb-15
1-Dec-14
18-Feb-15
12-Feb-15

5.0%
5.0%
5.0%
5.0%
5.0%
5.0%
5.0%
5.0%
5.0%
5.0%

274
268
71
143
399
419
210
44
1326
25

322
331
1257
633
229
213
431
1915
68
3531

299
299
1345
606
214
214
427
1995
72
3646

Charges

Gain/
Loss

Exit
Date

158861
511
507
554
531
530
536
541
516
558
538

848466
-6911
-9170
5662
-4473
-6607
-220
-1432
3005
4176
2346
834842

19-Feb-15
19-Feb-15
28-Feb-15
28-Feb-15
28-Feb-15
28-Feb-15
28-Feb-15
4-Mar-15
4-Mar-15
10-Mar-15

Motilal Oswal Securities Ltd., Motilal Oswal Tower, Level 6, Sayani Road, Prabhadevi, Mumbai 400 025

MOSt Market Roundup

Thursday March 12th, 2015

MOSt Pyramid
Performance Summary
Particulars

Tranches

Amt Invested

Gross Profit

Net Profit

Open Position

175000

-2353

-3307

Booked Profit

171

119560

96581

Total

178

175000

117206

93274

Open Position
Scrip Name

Tranche Allocation

Quantity

Buy Date

Buy Price

CMP

Net Profit

BHARTIARTL

25000

59

18-Sep

417

398

-1268

BHARTIARTL

25000

63

3-Nov

396

398

-4

TATAMOTORS

25000

42

29-Jan

590

564

-1246

ZEEL

25000

68

16-Feb

365

353

-974

ZEEL

25000

72

23-Feb

346

353

360

ITC

25000

71

4-Mar

347

347

-194

TATAMOTORS

25000

44

10-Mar

560

564

18

Tranche

Allocation

Quantity

Last 10 Exit Trades

Scrip Name

Buy Date

Buy Price

Sell Date

Sell Price

From Aug 12 Booked Profit / Loss

Net Profit
96273

IPCALAB

25000

29

15-Jul

840

23-Jan

646

-5740

IPCALAB

25000

31

17-Sep

782

23-Jan

646

-4341

BHARTIARTL

25000

66

4-Dec

375

27-Jan

394

1121

TITAN

25000

61

30-Sep

407

28-Jan

432

1368

L&T

25000

15

9-Feb

1588

19-Feb

1683

1301

COALINDIA

25000

67

29-Jan

369

19-Feb

386

1010

LT

25000

14

28-Jan

1704

28-Feb

1787

1031

TATAMOTORS

25000

44

6-Feb

563

28-Feb

594

1224

BHARTIARTL

25000

70

9-Feb

356

10-Mar

377

1294

BHARTIARTL

25000

66

28-Jan

377

12-Mar

395

1035

Total

-698

Note: Investment/Trading is subject to market risk. Investors should obtain independent advice from professional financial advisor before making
any investment/trading decision and should not solely rely on this analysis. Please refer to important disclosures and disclaimers in the report.

Shubham Agarwal, CMT, CFA, CQF

Head - Quantitative Research

Sacchitanand Uttekar
Technical Analyst

Bhavin Desai
Derivatives
Analyst - 10
MOSt Velocity

Sambhu Sa
Research Analyst

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