DAILY REPORT

23rd DECEMBER. 2013

Global markets at a glance Asian stocks inched cautiously higher on Monday encouraged by record highs on Wall Street, though anxiety over a credit squeeze in China has weighed on shares there while adding to pressure on emerging market currencies. European shares rose on Friday, recording their best week in eight months. Europe's broad FTSEurofirst 300 index rose 0.45 percent. The charts outlook also brightened for the broader market, opening the door for more gains on the EuroSTOXX 50 index of euro zone blue-chips, up 0.6 percent at 3,049.35 points. Both the Dow and the S&P 500 finished Friday's session at record closing highs. This marked the Dow's third record closing high in a row. Earlier in Friday's session, the Dow set an all-time intraday high at 16,287.84. Wall Street Update Stocks rose on Friday, capping the best week for major indexes in months as unexpectedly strong data on economic growth increased confidence that the recovery was accelerating. On Wall Street, the Dow Jones ended Friday up 0.26 percent, while the S&P 500 Index added 0.48 percent. Previous day Roundup The market staged spectacular rally on Friday with the Sensex surging 400 points intraday on broad based buying. The rally was largely led by Reliance Industries after the cabinet decision on gas price and liquidity gush by FII despite Fed's decision to taper. The Sensex rallied 371.10 points or 1.79% to 21,079.72, and the Nifty rose 107.60 points or 1.74 percent to close at 6,274.25. Index stats The Bankex and Bank Nifty both advanced 1.81% & 1.85% respectively. Among the sartorial indices all the sectors were up; Capital Goods [up 56.28pts], Oil & Gas [up pts], AUTO [up 244.87pts], PSU [up 111.46pts], Metals [up 51.34pts], Realty [up 37.76pts], TECK [up 73.97pts], IT [up 147.38pts], FMCG [up 53.33pts], Power [up 25.30pts], and Healthcare [up 57.40pts], the index only slipped was Consumer Durables [down 83.78pts].

World Indices
Index DJl S&P 500 NASDAQ EURO STO FTSE 100 Nikkei 225 Hong Kong Value 16,221.14 1,818.32 4,104.74 3,049.35 6,606.58 15,870.42 22,971.56
CMP Change

% Change +0.26 +0.48 +1.15 +0.60 +0.69 +0.07 +0.70

% Chg

Top Gainers
Company

RELIANCE ONGC WIPRO CAIRN HDFC

895.25 285.00 548.35 328.70 803.65

CMP

41.20 11.30 19.20 11.20 27.40

Change

+4.82 +4.13 +3.63 +3.53 +3.53

% Chg

Top Losers
Company

Stocks at 52 Weeks high

Symbol

SSLT GRASIM SUNPHARMA JINDALSTEL LT

202.20 2,625.10 579.55 250.00 1,060.65

2.70 15.25 3.35 0.95 0.30

Change

-1.32 -0.58 -0.57 -0.38 -0.03

%Chg

Prev. Close

ABBOTINDIA BFUTILITIE ESCORTS INFOTECENT INFY

1,665.00 492.20 137.30 325.00 3,550.00

18.60 23.40 6.45 11.65 37.75

+1.13 +4.99 +4.93 +3.72 +1.07

Stocks at 52 Weeks Low

Symbol Prev. Close Change %Chg

DSKULKARNI ESSARPORTS

45.00 55.05
CMP

1.30 -0.30
Change

-2.81 -0.54
% Chg

Indian Indices
Company NIFTY SENSEX

6,274.25 21,079.72

+107.60 +371.10

+1.74 +1.79

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DAILY REPORT
23rd DECEMBER. 2013

EQUITY CASH & FUTURE

STOCK RECOMMENDATIONS [FUTURE] 1. KOTAK BANK

STOCK RECOMMENDATION 1. BANK NIFTY

KTK BANK FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it continues to sustain above 105. We advise buying around 104-105 levels with strict stop loss 102 for the targets of 107-109 levels. 2. RELIANCE

Bank Nifty Future closed in the green in the last trading session. We advise buying on dips around 11250 with strict stop loss of 11100 for the targets of 11380-11520 levels MACRO NEWS In a major exit from the IT major Infosys, V Balakrishnan, Head of Infosys BPO, Finacle, and India Business Unit and Chairman of Infosys Lodestone has resigned. The resignation will be effective from December 31, 2013. The Securities and Exchange Board of India (Sebi) has served Financial Technologies with a show-cause notice calling into question FTILs shareholding in MCX-SX . TCS and Infosys together accounted for more than half of the gain. The market capitalisation (m-cap) of TCS climbed Rs 22,849 crore to Rs 4,15,162 crore, while that of Infosys jumped Rs 10,247 crore to Rs 2,03,985 crore. Air India to sell 7 Dream liners to raise $840 million Air Asia may get SOP for domestic services by January end. Government plans cash-for-clunkers scheme to replace 15 -year-old commercial vehicles with new one. Net direct tax collection up 13.7 per cent till December 20 in FY'14. Around Rs 22,000 crore to enter social sector as India Inc steps up CSR plans.

RELIANCE FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it continues to sustain above 895. We advise buying around 895-900 levels with strict stop loss 878 for the targets of 915-935 levels. YOUR MINTVISORY

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DAILY REPORT
23rd DECEMBER. 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 6,000 11,000 1,700 2,600 880 1,250 Strike Price 6,300 6,200 6,400 11,500 880 1,750 2,100 160 1,100 LTP Traded Volume (Contracts) 7,66,426 4,70,510 2,64,230 53,348 7,870 2,170 3,411 2,828 Traded Volume (Contracts) 7,31,086 6,58,047 2,89,047 62.660 10,537 10,316 4,653 3,594 3,496 Open Interest 70,62,100 63,26,600 51,10,700 3,75,675 3,63,250 1,78,250 3,61,000 3,70,500 Open Interest 68,99,650 40,94,400 49,93,800 3,35,550 5,08,750 2,56,500 2,29,000 20,35,000 4,30,250

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

11.70 3.80 1.80 26.00 6.30 11.40 4.80 7.50 LTP

STOCKS IN NEWS NHPC completes Rs 2,368 crore share buyback PepsiCo India to invest over Rs 1,200 cr on new plant in AP. Deadline for banks to shift to new RTGS standards extended ICICI Bank cuts home loan rates after SBI and HDFC. NIFTY FUTURE

MOST ACTIVE CALL OPTION

NIFTY NIFTY NIFTY BANKNIFTY RELIANCE SBIN TCS DLF ICICIBANK

36.00 103.95 6.70 53.10 21.45 29.00 38.80 5.40 10.90

Nifty Future closed in the green in the last trading session. We advise buying around 6280-6300 with strict stop loss of 6250 for the targets of 6340-6370 levels.

FII DERIVATIVES STATISTICS

BUY SELL OPEN INTEREST AT THE END OF THE DAY Amount in Crores 19286.15 58524.33 33176.13 1607.16 TOTAL NET AMOUNT 347.37 757.81 234.49 -64.48 1275.29 No. of Amount in No. of Amount in No. of Contracts Crores Contracts Crores Contracts INDEX FUTURES INDEX OPTIONS STOCK FUTURES STOCK OPTIONS 101170 707342 334547 51021 3148.21 21675.77 9731.87 1402.42 90256 685007 323292 53398 2800.84 20917.95 9497.38 1466.90 616510 1874063 1137319 58631

INDICES
NIFTY NIFTYJUNIOR BANK NIFTY YOUR MINTVISORY

S2
6128.88 12428.96 10984.48

S1
6201.56 12553.58 11138.41

PIVOT
6243.03 12623.76 11228.48

R1
6315.71 12748.38 11382.41

R2
6357.18 12818.56 11472.48

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DAILY REPORT
23rd DECEMBER. 2013

COMMODITY MCX
COMMODITY ROUNDUP Gold has been getting less precious by the day due to the winding back of U.S. stimulus and a general lack of global inflationary pressure. Barring a late price surge, gold's value will suffer its first annual drop since the start of the millennium, while the precious metal risks further losses in 2014. Gold stood at $1,205 an ounce Friday on the London Bullion Market, down almost 27 per cent in 2013 on weaker demand and easing inflation -- snapping twelve years of uninterrupted annual price growth. That leaves gold, whose twin drivers are jewellery demand and investment buying, set for its the first annual price loss since 2000 when its value had fallen by 5.6 per cent. The metal was pinned at $1,202.44 on Monday after carving out a six-month low of $1,187.80 last week. If prices stay here the metal would have shed 28 percent this year, the largest annual loss in 32 years. In contrast, oil prices have been supported by a positive outlook for fuel demand in the United States and reduced Libyan supply. Brent crude was up 7 cents on Monday at $111.84 a barrel, on top of gains of almost 3 percent last week. U.S. oil futures were a single cent lower at $99.31. The prices of MCX Copper is static and remained trading in a dull zone with lack of interest from the speculators. The metal has been swinging in between Rs 455-465 per kg in the week. The week was on the whole eventful just that the trading interest never chipped in. Indias steel production fell to 14-month low in November at 6.25 million tonne due to subdued demand from sectors such as white goods and automobiles. It is the lowest monthly production since September last year, when it was 6.299 MT. As per the World Steel Association, a premier global industry body, the previous low was in October at 6.461 MT. The US Federal Reserves recent tapering of its massive bond buying program (termed QE) and the strength in dollar indices is likely to pull down dollar-denominated commodities such as base metals, albeit for the short term.

RECOMMENDATIONS SILVER

TRADING STRATEGY: BUY SILVER ABOVE 44550 TGTS 44750/4505 SL 43950 SELL SILVER BELOW 43550TGTS 43350/43050 SL 43850 GOLD

TRADING STRATEGY: BUY GOLD ABOVE 28660 TGTS 28740/28840 SL 28540 SELL GOLD BELOW 28260 TGTS 28180/28080 SL 28360

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DAILY REPORT
23rd DECEMBER. 2013

NCDEX

RECOMMENDATIONS CASTORSEED

NCDEX INDICES Index Value % Change

Barley Castor Seed Chana Chilli Coriander Cotton Seed Oilcake Jeera Mustard seed Ref Soya Oil BUY CASTORSEED(JAN) ABOVE 4950 TGT 4980,5030 SL 4900 SELL CASTORSEED(JAN) BELOW 4850 TGT 4820,4770 SL 4900 DHANIYA Turmeric

1451 4939 2844 7250 7750 1440 12950 3565 691.65 5320

+0.07 +0.14 +2.27 -0.08 -0.03 +1.27 -1.28 +0.11 +0.01 -1.81

NCDEX ROUNDUP US agriculture land prices have dropped for first time in last four year. Recent pressure on grain prices and the start of slower assets purchases announced by the Federal Reserve earlier this week has seen US farmland in the main US cropping states decline for the first time in four year. India Government has raised the basic customs duty on natural rubber imports in view of the crisis facing the plantation industry but still hasn't heeded to the demand for a total import ban on rubber. It also falls short of the demand by Rubber Board to hike customs duty to 25%. Rubber prices fell sharply last month to Rs 15350 per 100 kg levels in the spot market before climbing back to Rs 156 levels in December. Stockiest selling was seen in jeera futures from the higher levels on the back of strong production estimates in the current year along with limited export demand. The NCDEX futures declined by Rs 85 per quintal. The current year jeera production is estimated to be around 40-42 lakh bags in the current year , up almost 5-7 lakh bags from the year. This has reduced the exporters demand in local mandies with the expectation of further decline in prices in coming days.

BUY DHANIYA(JAN) ABOVE 8250 TGT 8280,8330 SL 8200 SELL DHANIYA(JAN) BELOW 8100 TGT 8070,8020 SL 8150

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DAILY REPORT
23rd DECEMBER. 2013

CURRENCY

RBI Reference Rate

Currency Rate Currency Rate

Rupee- $ Euro USD/INR

62.2420 Yen-100 84.8774 GBP

59.5900 101.8092

CURRENCY ROUNDUP The Indian rupee slipped in the early trade today. It has opened lower by 27 paise at 62.39 per dollar versus 62.12 Thursday. . The rupee dropped 14 paise to 62.28 against the American currency in the late morning trade on good demand for dollar from banks and importers on the back of its firmness in overseas markets. However, persistent foreign capital inflows into India's equity market restricted the rupee's fall. The domestic unit resumed lower at 62.40 per dollar as against the last closing level of 62.14 at the Interbank Foreign Exchange (Forex) market. It recovered afterwards to 62.24 per dollar before quoting at 62.28 at 1040hrs. The Indian unit hovered in a range of 62.24-62.40 per dollar during the late morning deals. The dollar index gains to 80.7 levels, while the euro is a tad subdued and the yen faces pressure in early trade ahead of the outcome of a Bank of Japan meeting at which policymakers were expected to maintain their commitment to ultra-easy monetary policy The dollar was idling at 104.02 yen on Monday after scoring a fresh 5-year high at 104.64 last week. Dealers cited option barriers at 104.75 and 105.00 as the next target for bulls. The euro was a shade firmer at $1.3681, but well short of last week's $1.3811 peak. The single currency was only briefly troubled on Friday when Standard & Poor's cut its supranational long-term rating on the European Union to AA-plus from AAA, citing rising tensions on budget negotiations. Yields on benchmark 10-year Treasuries were holding at 2.89 percent having risen just 2 basis points last week even as the Fed announced its tapering. Currencies from Indonesia to Malaysia and Thailand all came under pressure last week and even the Korean won lost a little of its strength.

SELL USD/INR BELOW 62.15 TGTS 62.00, 61.86 SL 62.51. BUY USD/INR ABOVE 62.53 TGTS 62.69, 62.85 SL 62.17. EUR/INR

SELL EUR/INR BELOW 84.75 TGTS 84.61, 84.44 SL 85.11. BUY EUR/INR ABOVE 85.29 TGTS 85.41, 85.66 SL 84.93.

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DAILY REPORT
23rd DECEMBER. 2013

CALL REPORT
PERFORMANCE UPDATES

Date
20/12/13 20/12/13 20/12/13 20/12/13 20/12/13 20/12/13 20/12/13 20/12/13 20/12/13 20/12/13 20/12/13 20/12/13

Commodity/ Currency Pairs

MCX GOLD MCX GOLD MCX SILVER MCX SILVER NCDEX CASTOR SEED NCDEX CASTOR SEED NCDEX DHANIYA NCDEX DHANIYA JPY/INR JPY/INR EUR/INR EURINR

Contract
FEB. FEB. MAR. MAR. JAN. JAN. JAN. JAN. DEC. DEC. DEC. DEC.

Strategy Entry Level

BUY SELL BUY SELL SELL BUY BUY SELL SELL BUY SELL BUY 28580 28310 44260 43600 4870 4970 8300 8135 59.76 60.16 85.05 85.52

Target
28660-28760 28230-28130 44460-44760 43350-42950 4840-4790 5000-5050 8330-8380 8105-8055 59.60-59.42 60.29-60.49 84.91-84.78 85.70-85.91

Stop Loss
28470 28430 43950 44000 4920 4920 8250 8185 60.15 59.75 85.46 85.11

Remark
BOOKED PROFIT SL TRIGGERED SL TRIGGEERD SL TRIGGERED NOT EXECUTED BOOKED PROFIT BOOKED FULL PROFIT SL TRIGGERED BOOKED PROFIT SL TRIGGERED BOOKED PROFIT NOT EXECUTED

Date
20/12/13 20/12/13 20/12/13 20/12/13 16/12/13

Scrip
NIFTY CIPLA JSWSTEEL WELSPUN TATAMOTORS

CASH/FUTURE Strategy
FUTURE FUTURE FUTURE CASH FUTURE SELL BUY BUY BUY BUY

Entry Level Target

6200 400-402 966 45 368-372 6150-6100 407-412 972-978 48-52 378-384

Stop Loss
6250 395 958 42 360

Remark
SL TRIGGERED CALL OPEN CALL OPEN BOOKED PROFIT CALL OPEN

US ECONOMIC REPORT

TIME (ET)
8:30 AM 8:30 AM 8:30 AM 9:55 AM 8:30 AM 10:00 AM

REPORT
PERSONAL INCOME CONSUMER SPENDING CORE PCE PRICE INDEX UMICH CONSUMER SENTIMENT INDEX DURABLE GOODS ORDERS NEW HOME SALES CHRISTMAS DAY NONE SCHEDULED

PERIOD

ACTUAL

CONSENSUS FORECAST
0.4% 0.5% 0.1% 82.9 2.0 435,000

PREVIOUS
-0.1% 0.3% 0.1% 82.5 -1.6% 444,000

MONDAY, DEC. 23 NOV. NOV. NOV. DEC. TUESDAY, DEC. 24 NOV. NOV. WEDNESDAY, DEC. 25

8:30 AM

WEEKLY JOBLESS CLAIMS NONE SCHEDULED

THURSDAY, DEC. 26 12/21 FRIDAY, DEC. 27

N/A

379,000

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