DAILY REPORT

04th OCTOBER. 2013

Global markets at a glance Asian shares closed mostly higher Thursday, casting aside concerns over a partial shutdown of the U.S. govt. & instead focusing on an encouraging reading on nonmanufacturing activity in China. Trading in Hong Kong ended with a 1% gain for the Hang Seng Index +1.00% , Australias S&P/ASX 200 +0.37% rose 0.4%. Japan's Nikkei stock average dropped for a second day. The Nikkei shed 0.1% to 14,157.25, staying below its 25-day moving average of 14,242.79. European equities inched higher on Thursday, recovering after the previous session's declines. The FTSEurofirst 300 was up 0.2% at 1,249.55 points by 0729 GMT, having dropped 0.7% on Wednesday. The euro zone's blue-chip Euro STOXX 50 rose 0.1% to 2,921.04 points. Wall Street Update US economic growth is expected to weaken by 0.2% following the Government shutdown. The shutdown of the U.S. government appeared likely to drag on for another week and possibly longer as lawmakers consumed day three of the shutdown with a stalling game and there was no end in sight until the next crisis hits Washington around October 17 Previous day Roundup The market ended the day with a spectacular rally. The Sensex closed up 384.92 points or 1.97 percent at 19902.07. The Nifty ended at 5909.70, up 129.65 points or 2.24 percent. About 1446 shares have advanced, 923 shares declined, and 152 shares were unchanged. Index stats Bank Nifty & Bankex both advanced 3.44% & 3.41% respectively, the sectors which were in positive move with Nifty in yesterdays session were; Consumer Durables [up 82.67pts], IT [up 187.73pts], Capital Goods [up 220.84pts], AUTO [up 263.75pts], Healthcare [up 90.94pts], Power [up 23.71pts], Oil & Gas [up 200.54pts], TECK [up 100.99pts], PSU [up 95.47pts], Metals [up 328.90pts], REALTY [up 23.92 pts] traded upward, except FMCG stocks which were the only laggards FMCG [down 60.40pts].

World Indices
Index DJl S&P 500 NASDAQ EURO STO FTSE 100 Nikkei 225 Hong Kong Value 14,996.48 1,678.66 3,774.34 2,902.12 6,449.04 14,077.27 23,114.67 % Change -0.90 -0.90 -1.07 -0.55 +0.18 -0.56 -0.43

Top Gainers
Company CMP Change % Chg

SESA GOA JPASSOCIAT AMBUJACEM AXISBANK BANKBARODA

188.00 37.25 191.15 1,102.80 524.65

12.75 2.30 11.15 58.70 26.25

+7.28 +6.58 +6.19 +5.62 +5.27

Top Losers
Company CMP Change % Chg

HINDUNILVR ITC

608.00 339.05

11.20 3.95

-1.81 -1.15

Stocks at 52 Weeks high

Symbol Prev. Close Change %Chg

ABIRLANUVO AUROPHARMA CEATLTD CINEMAXIN DENSO

1,276.70 210.80 138.85 230.10 138.00

28.70 209.00 10.20 10.95 4.30

+2.30 +0.86 +7.93 +5.00 +3.22

Stocks at 52 Weeks Low

Symbol Prev. Close Change %Chg

ERAINFRA TBZ

99.15 117.50

5.20 6.15

-4.98 -4.97

Indian Indices
Company NIFTY SENSEX CMP Change % Chg

5,909.70 19,902.07

+129.65 +384.92

+2.24 +1.97

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DAILY REPORT
04th OCTOBER. 2013

EQUITY CASH & FUTURE

STOCK RECOMMENDATION [CASH] 1. BANK OF INDIA

STOCK RECOMMENDATIONS [FUTURE] 1. BANK OF BARODA

BANK OF BARODA is looking strong on charts, long build up has been seen, we may see more upside, if it continues to sustain above 520. We advise buying around 525-530 levels with strict stop loss of 505 for the targets of 538-545 levels. 2. AXIS BANK

BANK OF INDIA is looking strong on charts . We advise buying above 175 with strict stop loss of 170 for the targets of 179-182 levels. MACRO NEWS The FM may have to slice at least Rs 20000 crore ($3.2 bn) from govt. spending to prevent a budget blow-out, which could threaten to send country's credit rating into "junk" status. India's coffee exports dropped 5% in the 2012-13 marketing year on sluggish prices and lower supplies. Government data released on Monday show that the deficit for the first five months of the fiscal year climbed to 4.05 trillion rupees, around 20% higher than a year earlier. More importantly, it is already 75% of the total planned deficit for the full year. In U.S. United Technologies Corp., a major defense contractor, said it would furlough nearly 2,000 workers if the shutdown lasted into next week and 2,000 more if it continued through the entire week. Indian shares are likely to be influenced by the result of a monthly survey on the performance of India's services sector for September 2013 on October 4.

AXIS BANK is looking strong on charts, long build up has been seen, we may see more upside, if it continues to sustain above 1100 . We advise buying around 1100-1110 levels with strict stop loss of 1085 for targets of 1135-1150 levels.

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DAILY REPORT
04th OCTOBER. 2013

FUTURE & OPTION

MOST ACTIVE PUT OPTION

Symbol Option Type PE PE PE PE PE PE PE PE Option Type CE CE CE CE CE CE CE CE CE Strike Price 5,700 5,800 5,600 9,500 1,600 820 2,500 Strike Price 6,100 6,000 6,200 11,000 1,700 860 150 2,600 1,100 LTP Traded Volume (Contracts) 1,67,894 1,58,705 1,26,116 9,517 3,309 1,145 1,352 1,177 Traded Volume (Contracts) 2,51,372 2,11,067 1,51,578 11,335 5,824 2,540 1,644 1,893 1,957 Open Interest 46,86,600 41,99,000 36,55,950 2,18,725 2,35,375 1,73,000 1,69,750 1,28,625 Open Interest 39,18,750 36,65,450 23,33,900 1,93,950 2,19,750 3,17,000 16,05,000 1,13,375 2,48,500

NIFTY NIFTY NIFTY BANK NIFTY SBIN INFY RELIANCE MCDOWELL-N Symbol

69.60 94.00 50.75 75.00 49.20 14.45 98.50 LTP

STOCKS IN NEWS Infosys signs a multi-year contract with Toyota Motor Europe. Essar Energy intends to exit Kenya Petroleum. Bajaj Auto to raise prices by Rs 500 to Rs 5000. Bharti Airtel shareholders approve selling DCMS business for Rs 177 cr. Lupin launches generic solution for conjunctivitis in US. NIFTY FUTURE

3,000 171.75

MOST ACTIVE CALL OPTION

NIFTY NIFTY NIFTY BANKNIFTY SBIN RELIANCE DLF MCDOWELL-N AXISBANK

88.50 133.70 54.95 159.00 62.10 25.75 6.20 77.00 70.10

Nifty Future as expected closed in the green in the last trading session. We advise buying on dips around 5950 -5940 with strict stop loss of 5900 for the targets of 5980-5990 levels.

FII DERIVATIVES STATISTICS

BUY SELL OPEN INTEREST AT THE END OF THE DAY Amount in Crores
12325.18 49160.30 25360.35 1161.05

No. of Amount in No. of Amount in No. of Contracts Crores Contracts Crores Contracts INDEX FUTURES INDEX OPTIONS STOCK FUTURES STOCK OPTIONS
67690 383898 59051 25873 1962.61 11129.91 1654.88 668.41 59267 367589 67149 24778 1729.72 10631.31 1853.71 631.42 421461 1668038 904233 43521

NET AMOUNT
232.89 498.60 -198.83 36.99

TOTAL

569.64

INDICES
NIFTY NIFTYJUNIOR

S2
5761.76 11267.61

S1
5835.73 11377.78

PIVOT
5876.66 11450.06

R1
5950.63 11560.23

R2
5991.56 11632.51

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DAILY REPORT
04th OCTOBER. 2013

COMMODITY MCX
COMMODITY ROUNDUP The standoff over a continuing resolution to the budget is now in its third day, and the impasse on Wednesday undercut the dollar and supported gold. Gold futures rebounded on Thursday from their lowest level in two weeks, tracking gains in overseas prices, though a strong rupee limited the upside. Despite the price rise, demand improved slightly as jewelers were seen placing orders for the peak festive season. At 2:57 p.m., the benchmark October gold contract the Multi Commodity Exchange (MCX) was 1.21 percent higher at 29,886 rupees per 10 grams. It hit a low of 29,352 rupees on Tuesday, a level last seen on September 18. Crude oil slipped to around USD 109 a barrel on Thursday on worries that a prolonged US government shutdown

RECOMMENDATIONS SILVER

TRADING STRATEGY: BUY SILVER ABOVE 48900TGTS 49200/49500SL 48400 SELL SILVER BELOW 48400 TGTS 48100/47800 SL 48900 GOLD

would hurt demand in the world's biggest oil consumer. US crude oil prices remained weak on Thursday amid higher than expected crude oil stock-piles, and concerns that partial shutdown of the US government may reduce the crude oil demand from the world's largest economy. However, slight positive data from Europe and China may have limited further decline in the commodity prices to some extent. WTI crude oil for November delivery on NYMEX was seen trading down by 0.24% at $103.88 per barrel as of 16.12 IST on Thursday. India crude oil futures recorded a slight up-tick on Thursday despite a weak trend on NYMEX. MCX crude oil futures for October delivery was seen trading up by 0.96% at Rs. 6437 per barrel as of 16.23 IST on Thursday. Chinese markets will remain closed this week on account of National Day and this may have pressured crude oil demand in the global market. Chinese non-manufacturing purchasing managers' index increased to 55.4 and hit a six month high in September

TRADING STRATEGY: BUY GOLD ABOVE 29620 TGTS 29720/29820 SL 2950 SELL GOLD BELOW 29350 TGTS 29250/ 29150 SL 29480

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DAILY REPORT
04th OCTOBER. 2013

NCDEX
NCDEX INDICES Index Value % Change

RECOMMENDATIONS CASTORSEED

Barley Castor Seed Chana Chilli Coriander Cotton Seed Oilcake Jeera Mustard seed Ref Soya Oil Turmeric

1242 3442 2901 5862 6120 1477 12605 3495 684 4678

-1.27 -2.55 +0.28 +0.83 +1.61 -0.94 -2.06 -1.88 -1.48 -0.85

BUY CASTORSEED ABOVE 3480 TG 3510,3540 SL 3440 SELL CASTORSEED BELOW 3410 TG 3380,3350 SL 3450 DHANIYA

NCDEX ROUNDUP The US commodity regulator, Commodity Futures Trading Commission (CFTC) has said that it will not produce public reports such as cotton on call, Commitment of Traders and the Bank Participation Report following the US Government shutdown. The CFTC move not to publish COT and other relevant market reports deprives participants in the world's biggest derivative markets for energy and agricultural products of price-moving information about the positions of other producers, consumers and speculators. The looming debt-ceiling debate is adding to worries about a partial U.S. government shutdown already occurring over a continuing resolution over the budget. Of the various parts of agricultural GDP, cereals (wheat, rice, maize, etc.) are the most impacted by MSPs and also have the best data available. Not surprisingly, they are the most analyzed. But they were 21% of agricultural output in FY05 (milk, fruits & vegetables are as important), and are likely lower now. They also matter less for inflation, which is currently all about fruits & vegetables and meat. Per capita consumption of cereals has been falling in India for decades, as automation reduces need for calories. The decline per capita now exceeds population growth implying flat cereal demand. But production is still rising with improving yields, creating surpluses. Inventory of cereals is at record levels despite exports surging from US$2 bn in CY09 to US$10 bn (CY13 ann.).

BUY DHANIYA ABOVE 6210 TG 6240,6270 SL 6170 SELL DHANIYA BELOW 6050 TG 6020,5990 SL 6090

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DAILY REPORT
04th OCTOBER. 2013

CURRENCY

RBI Reference Rate

Currency Rate Currency Rate

Rupee- $ Euro EUR/INR

61.9348 Yen-100 84.2360 GBP

63.4300 100.4397

CURRENCY ROUNDUP The rupee gained 5% last month, snapping a four-month losing streak and showing its biggest monthly gain since September 2012, helped largely by the Federal Reserve's surprise decision to continue with its bond purchases. However, the consensus forecast from 25 strategists was that the rupee would be around 63.00 to the dollar by the end of October, 64.00 in six months and 64.25 by September next year. The Indian rupee logged its biggest gain in two weeks on Thursday, helped by foreign fund inflows and bets that a prolonged shutdown of the U.S. government would further delay any tapering of the Federal Reserve's massive stimulus. Foreign funds were net buyers of over $2 billion in Indian equities in September, the first month of positive purchases after May as foreign money returned to risk assets on the Fed's assurance it would stick to its $85 billion monthly bond purchases. Inflows via the central bank's two concessional forex swap facilities to lenders totaled $3.6 billion till Monday, also helping to stabilize the rupee. The rupee also got some tailwind from the global dollar, which has been on a losing streak as most investors and speculators cut long bets on the greenback as the U.S. government shutdown drags on. In the currency futures market, the most-traded near-month dollar/rupee contracts on the National Stock Exchange, the MCX-SX and the United Stock Exchange all closed at around 63.14 with total traded volume of $1.98 billion. The dollar was also hurt by slower growth in the U.S. services sector in September. The euro was steady at $1.3630, not far from an eight-month high of $1.36465 touched on Thursday. The common currency was also aided by the European Central Bank's apparent lack of concern over the euro's recent strength and better-thanexpected euro zone data. Call us at +91-731-6642300

EUR/INR has closed @84.4850. If it breaks 84.35, it can touch the level of 84.03 & 83.60. If it sustains above the level of 85.60, it can touch the level of 86.00 & 86.30. USD/INR

USD/INR has closed @62.1375. If it breaks 62.05, it can touch the level of 61.90 & 61.56. If it sustains above the level of 62.95 it can touch the level of 63.25 & 63.61.

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DAILY REPORT
04th OCTOBER. 2013

CALL REPORT
PERFORMANCE UPDATES

Date 03/10/13 03/10/13 03/10/13 03/10/13 03/10/13 03/10/13 03/10/13 03/10/13 03/10/13 03/10/13 03/10/13 03/10/13 Date 03/10/13 03/10/13 03/10/13 03/10/13

Commodity/ Currency Contract Strategy Entry Level Pairs MCX GOLD MCX GOLD MCX SILVER MCX SILVER NCDEX CASTOR SEED NCDEX CASTOR SEED NCDEX DHANIYA NCDEX DHANIYA USD/INR EUR/INR USD/INR EUR/INR Scrip NIFTY AUROPHARMA TATA GLOBAL AMARAJA BATT OCT. DEC. OCT. DEC. OCT. OCT. OCT. OCT. OCT. OCT. OCT. OCT. BUY SELL BUY SELL SELL BUY BUY SELL SELL SELL BUY BUY 29200 28880 48150 47750 3500 3560 6055 5760 62.80 85.00 63.25 85.65

Target 29300-29400 28780-28680 48450-48750 47450-47150 3470-3440 3590-3620 6085-6115 5735-5700 62.65-62.25 84.75-84.20 63.42-63.61 85.95-86.35 Target 5850-5880 214-218 154-155 320-330

Stop Loss 29080 29000 47850 48150 3530 3520 6005 5800

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

CASH/ FUTURE/ Strategy Entry Level OPTION FUTURE FUTURE FUTURE CASH BUY BUY BUY BUY 5800-5825 209-210 150-151 315

Stop Loss 5750 205 147 305

US ECONOMIC REPORT
TIME (ET)

REPORT

PERIOD

ACTUAL

CONSENSUS FORECAST

PREVIOUS

FRIDAY, OCT. 4 8:30 am 8:30 am Nonfarm payrolls Unemployment rate Sept. Sept. 180,000 7.3% 169,000 7.3%

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