DAILY REPORT

07TH NOVEMBER. 2013

Global markets at a glance Asian stocks got off to sluggish start on Thursday as investors hunkered down to take the latest pulse on the U.S. economy and implications for the Federal Reserve's easy money policy, while the euro perked up ahead of the European Central Bank meeting. The Dow Jones industrial average rose 110.01 points or 0.7 percent, to 15,728.23, the S&P 500 gained 5.92 points or 0.34 percent, to 1,768.89 and the Nasdaq Composite dropped 11.19 points or 0.28 percent, to 3,928.674. The stocks on the pan-European FTSEurofirst 300 index were among the top risers, which closed 0.4 percent higher at 1,296.58 points after hitting a fresh five-year of 1,300 points earlier in the session. Wall Street Update Wall St mixed on European data, IPOs. The Dow industrials closed at a record high on Wednesday, led by gains in Microsoft Corp and encouraging European economic data, while the S&P 500 also rose but closed shy of its own record. Meanwhile the Nasdaq fell, hurt by losses in Tesla Motors and as investors readied for Twitter's muchanticipated IPO. The benchmark S&P 500 rose as high as 1,773.79 intraday, Its all-time intraday peak came the day after at 1,775.22. Previous day Roundup After a volatile session, the market ended on a lower note. Thus Indian shares fell for a second consecutive day on Wednesday, retreating further from a record high, as recent outperformers such as ICICI Bank continued to be hit by profit-taking. The Sensex was down 79.85 points to end at 20894.94. The Nifty closed at 6215.15, down 38.00 points. About 1296 shares have advanced, 1140 shares declined, and 144 shares are unchanged. Index stats Banking sector led the losses with the Bank Nifty falling 1.8 percent, a third consecutive daily fall after rallying for five consecutive weeks as of Nov. 1. al the sectors declined Consumer Durables [down 136.44pts], Capital Goods [down 49.41pts], AUTO [down 79.02pts], FMCG [down 45.48pts], Oil & Gas [down 77.01pts], PSU [down 23.76pts], Metals [down 122.27pts] except Healthcare [up 82.27pts], IT [up 116.30pts] and TECK [up 47.38pts].

World Indices
Index DJl S&P 500 NASDAQ EURO STO FTSE 100 Nikkei 225 Hong Kong Value 15,746.88 1,770.49 3,931.95 3,056.40 6,741.69 14,246.16 22,911.26
CMP Change

% Change +0.82 +0.43 -0.20 +0.67 -0.08 -0.64 -0.55

% Chg

Top Gainers
Company

NTPC TCS UNPHARMA RANBAXY INFY

152.35 2,092.10 603.00 406.50 3,306.85

CMP

5.10 50.10 11.15 6.00 41.00

Change

+3.46 +2.45 +1.88 +1.50 +1.26

% Chg

Top Losers
Company

PNB SBIN JPASSOCIAT DLF AMBUJACEM

Symbol

562.55 1,810.00 47.75 155.75 180.90

Prev. Close

20.55 65.95 1.65 5.05 5.40

Change

-3.52 -3.52 -3.34 -3.14 -2.90

%Chg

Stocks at 52 Weeks high

ATULAUTO AURO PHARMA BIOCON DELTACORP FSL 285.00 242.55 371.20 95.90 22.95
Prev. Close

26.00 1.80 8.95 2.35 1.15

Change

+10.04 +0.75 +2.47 +2.51 +5.28

%Chg

Stocks at 52 Weeks Low

Symbol

DBSTOCKBRO ERAINFRA

92.20 30.85
CMP

0.95 1.60
Change

-1.02 -4.93
% Chg

Indian Indices
Company NIFTY SENSEX

6,215.15 20,894.94

-38.00 -79.85

-0.61 -0.38

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DAILY REPORT
07TH NOVEMBER. 2013

EQUITY CASH & FUTURE

STOCK RECOMMENDATIONS [FUTURE] 1. PNB

STOCK RECOMMENDATION [CASH] 1. CAREER POINT

PNB FUTURE is looking weak on charts, short build up has been seen, we may see more downside, if it continues to sustain below 575 We advise selling around 570- 575 levels with strict stop loss of 585 for the targets of 560- 540 levels. 2. TECH MAHINDRA

CAREER POINT is looking strong on charts. We advice buying above 85 with strict stop loss of 80 for the targets of 90-95 levels.

TECH MAHINDRA FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it continues to sustain above 1600. We advise buying above 1600 levels with strict stop loss of 1580 for the targets of 16201640 levels.

MACRO NEWS BHEL 's second quarter (July-September) net profit fell 64.2 percent year-on-year to Rs 456 crore on lower revenues, supported largely by higher other income. Net sales declined 15.2 percent to Rs 8,819 crore in three-month period ended September 2013 from Rs 10,399.62 crore in a year ago period, dented by fall in power as well as industry revenues. Voltas' Q2 (July-September) consolidated net profit fell marginally to Rs 42.3 crore from Rs 42.9 crore in a yearago period on lower revenues, supported by other income. Consolidated total income from operations slipped 7 percent year-on-year to Rs 1,080.5 crore in three-month period ended September 2013 from Rs 1,164.5 crore in corresponding quarter of last fiscal, impacted by electro-mechanical projects division. Employees in India can expect to see their pay increase by an average of 11 per cent in 2014, though after factoring in inflation, the rise would be just 2 per cent. RBI has decided not to include export credit in the priority sector list.

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DAILY REPORT
07TH NOVEMBER. 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 6,200 6,100 1,800 140 900 1,200 Strike Price 6,400 6,500 6,300 12,000 1,900 920 150 170 160 LTP Traded Volume (Contracts) 2,18,549 1,56,100 1,35,880 13,076 3,987 2,924 1,667 1,198 Traded Volume (Contracts) 2,29,626 1,96,783 1,44,424 23,133 6,361 2,725 4,323 1,943 2,259 Open Interest 38,80,400 23,87,650 37,77,250 1,67,625 1,92,000 12,78,000 3,11,750 2,49,500 Open Interest 39,48,050 39,81,600 29,41,950 3,58,250 3,75,000 6,65,750 20,10,000 11,89,000 17,34,000

NIFTY NIFTY NIFTY BANK NIFTY SBIN BHEL RELIANCE AXISBANK Symbol

83.85 53.85 65.50 8.30 19.65 38.25 LTP

6,300 126.95 11,000 183.20

STOCKS IN NEWS SBI hikes base rates by 20 bps to 10% 3-day strike at Coal India to coincide with FPO Cadbury loses trademark battle with ITC over Chocolate Eclairs Apollo Hospitals eyeing 12,000 beds by 2015 Wockhardt may face 1 million hit due to Kadaiya unit lapses. NIFTY FUTURE

MOST ACTIVE CALL OPTION

NIFTY NIFTY NIFTY BANKNIFTY SBIN RELIANCE BHEL DLF BHEL

49.70 89.60 24.80 116.00 47.05 17.90 2.85 4.10 1.15

Nifty Future closed in the red in the last trading session. We advise selling around 6290-6300 with strict stop loss of 6350 for the targets of 6250-6210 levels.

FII DERIVATIVES STATISTICS

BUY SELL OPEN INTEREST AT THE END OF THE DAY Amount in Crores 15728.45 44615.58 27923.03 1028.85 TOTAL NET AMOUNT -932.81 464.95 -311.73 7.19 -772.41 No. of Amount in No. of Amount in No. of Contracts Crores Contracts Crores Contracts INDEX FUTURES INDEX OPTIONS STOCK FUTURES STOCK OPTIONS 48459 347026 54480 31292 1506.98 10719.66 1537.95 831.48 78795 332215 67575 30884 2439.79 10254.71 1849.68 824.30 508134 1437843 1015484 38988

INDICES
NIFTY NIFTYJUNIOR BANK NIFTY YOUR MINTVISORY

S2
6170.18 12141.43 11117.18

S1
6192.66 12196.91 11204.86

PIVOT
6231.18 12293.53 11357.63

R1
6253.66 12349.01 11445.31

R2
6292.18 12445.63 11598.08

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DAILY REPORT
07TH NOVEMBER. 2013

COMMODITY MCX
COMMODITY ROUNDUP U.S. crude prices added 0.1 percent to around $94.9 a barrel, building on Wednesday's 1.7 percent from fourmonth lows on unexpectedly large fall in U.S. fuel supplies. The removal of additional margin of 5% on metals and energy complex imposed in August this year could help raise commodity futures volumes from Thursday. The market regulator, Forward Markets Commission had imposed an additional margin on all contracts of gold, silver, brent crude oil, crude oil and natural gas, aluminium, copper, lead, nickel and zinc in the light of volatility observed in the prices of these commodities. The FMC has decided to remove the margin as price volatility has been subdued in the recent past. It may be recalled that the imposition of Commodity Transaction Tax (CTT) at the rate of 0.01% had led to a sharp fall in trading volumes since July 1 and the imposition of additional margin only added to the burden of trading in commodity futures in India. The trading volumes data from July shows a sharp drop in trading volumes. The cumulative value of trades from April 1 to October 15 has dropped 27.76% to 68.428 lakh cr while there was a 59,95% drop in volumes traded between October 1 and 15 at 2.842 lakh cr. The breakout of the Rs 5600 cr scam at Natioanl Spot Exchange Ltd (NSEL) which is also promoted by Financial Technologies India Ltd (FTIL) that promotes MCX also contributed to loss of investor confidence in the markets and hence drop in volumes. India gold futures recorded a slight up-tick on Wednesday and was seen trading up. Gold futures for December delivery on India's Multi Commodity Exchange (MCX) was seen trading with a gain of 0.33% at Rs.29789 per 10 grams as of 13.35 IST on Wednesday.

RECOMMENDATIONS SILVER

TRADING STRATEGY: BUY SILVER ABOVE 49550 TGTS 49725/50050 SL 49250 SELL SILVER BELOW 48200 TGTS 48000/47700 SL 48550 GOLD

TRADING STRATEGY: SELL GOLD BELOW 29900 TGTS 29800/29600 SL 30000 BUY GOLD ABOVE 30350 TGTS 30450/30600 SL 30200

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DAILY REPORT
07TH NOVEMBER. 2013

NCDEX

RECOMMENDATIONS CASTORSEED

NCDEX INDICES Index Value % Change

Barley Castor Seed Chana Chilli Coriander Cotton Seed Oilcake Jeera Mustard seed Ref Soya Oil Turmeric SELL CASTORSEED NOV BELOW 3650 TG 3620,3580 SL 3690 BUY CASTORSEED NOV ABOVE 3670 TG 3700,3750 SL 3630 DHANIYA NCDEX ROUNDUP

1289 3664 3119 6320 6857 1491 12447.5 3860 758.5 4532

+0.70 +1.44 +0.32 +1.35 +1.39 +1.29 +0.28 +1.02 +1.71 +0.58

Food Corporation of India, the governments grain procurement and management agency, is set to float a revised tender on November 15 for its proposed two million-tonne wheat export, with a $40/tonne cut in floor prices. The current price translates into Rs 15,085 a tonne or Rs 1,508.5 a quintal in rupee terms. For delivery late this month, it is quoting at Rs 1,626 a qtl on the National Commodities & Derivatives Exchange Sugar prices rose by 0.52% to Rs 2,874 per quintal in futures trade yesterday as speculators created fresh positions driven by a pickup in demand in spot markets. However, higher supplies by millers in the market, restricted the gains. At the National Commodity and Derivatives Exchange, sugar for delivery in November rose by Rs 15, or 0.52%, to Rs 2,874 per quintal with an open interest of 18,110 lots. However, the sweetener for delivery in December traded lower by Rs 3, or 0.11%, to Rs 2,845 per quintal in 13,480 lots.

SELL DHANIYA NOV BELOW 6820 TG 6790,6750 SL 6855 BUY DHANIYA NOV BELOW 6870 TG 6900,6950 SL 6830

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DAILY REPORT
07TH NOVEMBER. 2013

CURRENCY

RBI Reference Rate

Currency Rate Currency Rate

Rupee- $ Euro EUR/INR

61.9225 Yen-100 83.6375 GBP

62.8100 99.5961

CURRENCY ROUNDUP The euro was steady at $1.3515, having risen 0.3 percent on Wednesday on the back of the slight shift in expectations. The single currency was also aided by new research papers from two of the Fed's top staff economists for more aggressive action by the U.S. central bank to drive down unemployment. The pound strengthened against the dollar on Wednesday after U.K. manufacturing beat expectations a day after a separate report recorded a pick-up in U.K. construction activity. In U.S. trading on Wednesday, GBP/USD was trading at 1.6080, up 0.23%, up from a session low of 1.6042 and off from a high of 1.6118. A day earlier on Tuesday, data revealed that the U.K. construction purchasing managers' index rose to 59.4 last month, the highest level since September 2007, from 58.9 in September. Analysts were expecting an unchanged reading. Also on Tuesday, data showed that activity in the U.K. services sector expanded at the fastest rate in 16 years in October. The U.K. services purchasing managers index rose to 62.8 in October up from 60.3 in September, the sharpest rise in activity since May 1997. Economists had been expecting the index to tick down to 59.8.The dollar slipped lower against the euro on Wednesday but losses were held in check with investors cautious ahead of the European Central Bank's policy meeting and the U.S. jobs report for October later in the week. During European morning trade, the euro pushed higher against the dollar, with EUR/USD rising 0.23% to 1.3506. The euro found support as gains in European equities markets boosted market sentiment, despite renewed concerns over the outlook for the recovery in the region following the release of weak economic data. Data on Wednesday showed that the final reading of the euro zone's services purchasing managers' index ticked down to 51.6 in October from 52.2 in September, but was higher than a preliminary estimate of 50.9. A separate report showed that euro zone retail sales fell 0.6% in September.

EUR/INR has closed @84.7400. If it sustains above the level of 84.95, it can touch the level of 85.10 & 85.25. If it breaks the level of 84.10 it can touch the level of 83.94 & 83.75. GBP/INR

GBP/INR has closed @100.8950. If it sustains above the level of 101.10, it can touch the level of 101.25 & 101.44. If it breaks the level of 99.70 it can touch the level of 99.48 & 99.14.

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DAILY REPORT
07TH NOVEMBER. 2013

CALL REPORT
PERFORMANCE UPDATES

Date
06/11/13 06/11/13 06/11/13 06/11/13 06/11/13 06/11/13 06/11/13 06/11/13 06/11/13 06/11/13

Commodity/ Currency Pairs

MCX GOLD MCX GOLD MCX SILVER MCX SILVER NCDEX CASTOR SEED NCDEX CASTOR SEED NCDEX DHANIYA NCDEX DHANIYA USD/INR JPY/INR

Contract
DEC DEC. DEC DEC NOV. NOV. NOV. NOV. NOV. NOV.

Strategy
BUY SELL BUY SELL SELL BUY BUY SELL SELL BUY

Entry Level
29850 29350 48500 47400 3605 3630 6800 6750 61.95 63.50

Target
29950-30050 29270-29150 48800-49200 47000- 46700 3580-3550 3655-3690 6825-6860 6725-6690 61.81-61.61 63.70-63.90

Stop Loss
29750 29470 48100 47700 3645 3590 6760 6790

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

Date
06/11/13 06/11/13 06/11/13 06/11/13

Scrip
NIFTY ITC YESBANK REC

CASH/ FUTURE/ OPTION

FUTURE FUTURE FUTURE CASH

Strategy
SELL SELL SELL BUY

Entry Level
6270 320 370 214

Target
6250-6220 317-312 367-362 217-222

Stop Loss
6305 325 375 209

Remark
BOOKED PROFIT NO PROFIT NO LOSS SL TRIGGERED NOT EXECUTED

US ECONOMIC REPORT
TIME (ET) REPORT PERIOD ACTUAL CONSENSUSFORECAST PREVIOUS

THURSDAY, NOV. 07 8:30 AM 8:30 AM 3 PM 8:30 AM 8:30 AM 8:30 AM 8:30 AM 8;30 AM 9:55 AM 10 AM WEEKLY JOBLESS CLAIMS GROSS DOMESTIC PRODUCT CONSUMER CREDIT NONFARM PAYROLLS UNEMPLOYMENT RATE PERSONAL INCOME CONSUMER SPENDING CORE PCE PRICE INDEX UMICH CONSUMER SENTIMENT JOB OPENINGS 11/2 3Q SEPT. FRIDAY, NOV. 08 OCT. OCT. SEPT. SEPT. SEPT. NOV. SEPT. N/A 2.0% -130,000 7.3% 0.3% 0.2% 0.2% --N/A 2.5% $13.6 BLN 148,000 7.2% 0.4% 0.3% 0.2% 73.2 3.9 mln

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