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DAILY REPORT

03rd JANUARY. 2014

Global markets at a glance Asian share markets were under water after a sudden reversal in some very popular, and thus crowded, trades sparked a bout of global risk aversion. The net result was a pullback in the euro, sterling, and stocks and a bounce for the yen, gold and bonds. MSCI's broadest index of AsiaPacific shares outside Japan shed a sharp 1.3%, with markets from Shanghai to Sydney all in the red. European stocks slipped on Thursday as soft Chinese and French manufacturing data prompted investors to start new year trading by cashing in a portion of the lofty gains made in 2013. The FTSEurofirst 300 index of top European shares, which gained 16 % in 2013, ended its first session of 2014 down 0.8% at 1,305.59 points. The drop was bigger in the euro zone, with the blue-chip Euro STOXX 50 index losing 1.6%, to 3,059.93 points. Wall Street Update U.S. stocks fell on their first day of trading in 2014 as investors booked profits. The Dow Jones DJI was down 135.31 points, or 0.82%, at 16,441.35. The SPX was down 16.38 points, or 0.89%, at 1,831.98. The Nasdaq Composite Index was down 33.52 points, or 0.80%, at 4,143.07. Previous day Roundup After consolidating for the past seven sessions, the market has seen sharp breakout on the lower side on Thursday with the equity benchmarks sliding more than a percent in last hour of trade. The Sensex closed below the 21000 level for the first time in last nine sessions, falling 252.15 pts or 1.19% to 20,888.33. The index lost nearly 450 pts from days high. The Nifty fell 80.50pts or 1.28% to 6,221.15. The broader markets too took a knock after gaining momentum since last week. The BSE Midcap declined 1.77 % and Smallcap slipped 2 %. Index stats The Bankex and Bank Nifty both declined 1.82% & 1.78% respectively. Among the sartorial indices all the sectors were down; Capital Goods [down 291.47pts], AUTO [down 104.19pts], PSU [down 127.55pts], Consumer Durables [down 101.72pts], Oil & Gas [down 151.25pts], Metals [down 148.50pts], Realty [down 45.21pts], TECK [down 20.97pts], Power [down 35.54pts], FMCG [down 114.16pts] and Healthcare [down 72.53pts], the only index advanced slightly was IT [up 9.63pts].

World Indices
Index DJl S&P 500 NASDAQ EURO STO FTSE 100 Nikkei 225 Hong Kong Value 16,441.36 1,831.98 4,143.07 3,059.93 6,717.91 16,291.31 22,923.63
CMP Change

% Change -0.82 -0.89 -0.80 -1.58 -0.46 +0.69 -1.73


% Chg

Top Gainers
Company

POWERGRID TCS INFY SUNPHARMA MARUTI

101.70 2,167.95 3,484.20 574.50 1,770.00


CMP

2.20 14.65 16.20 2.15 6.00


Change

+2.21 +0.68 +0.47 +0.38 +0.34


% Chg

Top Losers
Company

Stocks at 52 Weeks high


Symbol

IDFC JPASSOCIAT PNB TATAPOWER LT

104.45 52.95 609.00 87.10 1,034.00

5.30 2.55 25.90 3.30 34.55


Change

-4.83 -4.59 -4.08 -3.65 -3.23


%Chg

Prev. Close

ARVIND DELTACORP GLOBOFFS JSWSTEEL TATACOMM

143.50 107.60 107.50 1004.95 298.45

4.65 4.25 5.65 10.45 11.10

+3.35 -3.80 -4.99 -1.03 -3.59

Stocks at 52 Weeks Low


Symbol Prev. Close Change %Chg

BRFL MAHABANK

159.90 35.20
CMP

25.70 0.80
Change

-13.85 -2.22
% Chg

Indian Indices
Company NIFTY SENSEX

6,221.15 20,888.33

-80.50 -252.15

-1.28 -1.19

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DAILY REPORT
03rd JANUARY. 2014

EQUITY CASH & FUTURE

STOCK RECOMMENDATIONS [FUTURE] 1. ADANI ENTERPRIZES

STOCK RECOMMENDATION [CASH] 1. CASTROL

SELL ADANIENT BELOW 254 TGT 250-245 SL 260

BUY CASTROL ABOVE 320 TGT 325-330 SL 314 MACRO NEWS Indias Service PMI will be announced today. The HSBC India Manufacturing Purchasing Managers' Index (PMI) dropped slightly from 51.3 in Nov to 50.7 in Dec. India's manufacturing sector decelerated as a slowdown in domestic order flows led to slower output growth. The government's move to restrict import of the yellow metal has resulted in a windfall for the designated importers such public sector companies and banks, which have now begun charging a premium, giving jewellers reason to seek higher prices. The oil ministry has formed a panel to codify globally recognized industry practices for adoption in India. Infosys is to Announce its third Quarter Results on January 10, 2014. CCEA clears changes to Mega Power Policy. Power plants are also allowed to sell only 65% of their production to state discosm via a competitive bidding. Earlier, power plants used to sell 85% of their production to state discoms.

2. ASIAN PAINTS

SELL ASIAN PAINTS BELOW 481 TGT 476-470 SL 488 YOUR MINTVISORY Call us at +91-731-6642300

DAILY REPORT
03rd JANUARY. 2014

FUTURE & OPTION

MOST ACTIVE PUT OPTION


Symbol Option Type PE PE PE PE PE PE PE PE Strike Price LTP Traded Volume (Contracts) 3,34,929 2,73,085 1,73,243 17,571 5,464 1,469 1,691 1,402 Traded Volume (Contracts) 3,41,382 2,94,566 2,00,537 31,860 13,405 4,959 2,937 2,210 1,989 Open Interest 35,76,700 39,43,600 33,14,250 1,51,275 3,34,750 4,80,000 2,11,750 91,875 Open Interest 41,53,050 53,08,350 33,24,800 3,13,975 6,06,250 9,26,250 24,40,000 20,20,000 5,25,000

NIFTY NIFTY NIFTY BANK NIFTY SBIN TATASTEEL RELIANCE MCDOWELLN Symbol

6,300 129.00 6,200 6,100 1,700 420 900 2,600 83.80 52.50 38.00 11.95 35.00 77.00 LTP

11,000 208.00

STOCKS IN NEWS The Power Grid Corporation connected the southern power grid to the National Electricity Grid. The move will facilitate easier transmit of power from surplus states in other regions to several power-deficient southern states. SBI to raise Rs 2000 crore via 10-year Tier II bond. HCC wins order worth Rs 442.5 crore. UCO Bank to offload bad loans worth Rs 1900 crore. Lakshmi Vilas Bank to mull rights issue today. Vodafone in talks to buy Tatas out of Teleservices. Shree Uttam Steel merger with Uttam Galva gets CCI nod. NIFTY FUTURE

MOST ACTIVE CALL OPTION


Option Type CE CE CE CE CE CE CE CE CE Strike Price 6,400 6,500 6,600 12,000 1,900 900 180 140 430

NIFTY NIFTY NIFTY BANKNIFTY SBIN RELIANCE DLF RCOM TATASTEEL

48.90 25.45 11.70 70..25 32.00 14.40 3,05 2.70 8.30

SELL NIFTY BELOW 6240 TGT 6220-6190 SL 6265

FII DERIVATIVES STATISTICS


BUY SELL OPEN INTEREST AT THE END OF THE DAY Amount in Crores 13804.65 31513.10 30572.67 1061.87 TOTAL NET AMOUNT -26.23 395.71 -89.01 -73.32 207.16 No. of Amount in No. of Amount in No. of Contracts Crores Contracts Crores Contracts INDEX FUTURES INDEX OPTIONS STOCK FUTURES STOCK OPTIONS 74992 498095 56596 39159 2349.38 15537.92 1891.27 1162.12 75809 484734 58024 41689 2375.61 15142.20 1980.28 1235.44 444626 1015745 963484 34215

INDICES
NIFTY NIFTYJUNIOR BANK NIFTY YOUR MINTVISORY

S2
6116.58 12442.56 10875.4

S1
6168.86 12580.18 11029.3

PIVOT
6263.58 12834.56 11304.1

R1
6315.86 12972.18 11458.0

R2
6410.58 13226.56 11732.8

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DAILY REPORT
03rd JANUARY. 2014

COMMODITY MCX
COMMODITY ROUNDUP The GOLD rate touched an intraday high of Rs 28977 and an intraday low of Rs 28490. So far 15180 contracts had been traded. Gold Price is taking support at 28480 and traded in sideways big range all day. In evening session gold price broke the nearest resistance of 28860 and made high of 28977. Gold prices gained Rs 175 to Rs 30,200 per 10g here for the second straight day on increased buying by stockists and jewellers for the ensuing marriage season and a firming global trend. Silver also jumped Rs 950 to Rs 44,750 a kg on increased offtake by jewellers and industrial units. In a similar fashion, silver ready surged Rs 950 to Rs 44,750 a kg and weeklybased delivery Rs 1,220 to Rs 45,180 a kg. It had gained Rs 45 in last trading session. Silver coins also spurted Rs 1,000 to Rs 85,000 for buying and Rs 86,000 for selling of 100 pieces. The SILVER rate touched an intraday high of Rs 45500 and an intraday low of Rs 44000. So far 29034 contracts have been traded.

RECOMMENDATIONS SILVER

TRADING STRATEGY: BUY SILVER ABOVE 45500 TGTS 45700/46000 SL 45100 SELL SILVER BELOW 45100 TGTS 44900/44600 SL 45450 GOLD

Silver opened at morning with gap up and made day high. In mid session silver traded in narrow range and made night high 45500. After evening there had been seen more buying pressure in silver and it will helpful to break the nearest resistance 45500,. Gold in international market was also a beaten-down asset to get a reprieve. The metal swung up to $1,229.84 having been as low as $1,183.80 early in the week. Oil prices steadied after taking a fall on Thursday as Libya prepared to restart a major oilfield and on speculation of a sharp rise in crude stockpiles in the United States. The price of oil fell below $98 a barrel Thursday amid reduced trading volumes and the impact of a strengthening dollar. By early afternoon in Europe, benchmark oil for February delivery was down 72 cents to $97.70 on the New York Mercantile Exchange. On Tuesday, the Nymex contract fell 87 cents to close the year at $98.42. Markets were closed Wednesday for New Year's Day.

TRADING STRATEGY: BUY GOLD ABOVE 29000 TGTS 29080/29180 SL 28880 SELL GOLD BELOW 28840 TGTS 28760/28660 SL 28950

Brent crude edged up 32 cents to $108.10 a barrel but that followed a drop of $2.98 on Thursday. U.S. crude was up 20 cents at $95.64, having shed almost $5 the day before.

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DAILY REPORT
03rd JANUARY. 2014

NCDEX

RECOMMENDATIONS CASTORSEED

NCDEX INDICES Index Value % Change

Castor Seed Chana Coriander Cotton Seed Oilcake Jeera Maize Feed/ Industrial Grade Mustard seed Soy Bean Sugar M Grade Turmeric BUY CASTORSEED FEB ABOVE 4605 TGTS 4635,4685 SL 4555 SELL CASTORSEED FEB BELOW 4470 TGTS 4440,4390 SL 4520 DHANIYA

4420 3074 7848 1486 12850 1197 3571 3792 2815 6570

-4.00 -1.00 -3.99 -0.20 +2.51 +0.17 +0.79 -0.33 -0.18 -0.64

NCDEX ROUNDUP Sugar output declined 29 per cent in the first three months of the current sugar year (OctoberSeptember), thanks to a delay in crushing activities in sugar mills across the country. The Indian Sugar Mills Association (ISMA) said total sugar production stood at 5.74 million tonnes (mt) in the first quarter of the current season, as compared to 8.03 mt in the corresponding period last year. Sugar mills have stepped up crushing operations, narrowing down the deficit in the current seasons output. By December 15, the production deficit was reported at 50 per cent. Sugar mills across the country started operations towards the last week of November, more than two weeks late from the normal crushing season due to the rift between the government and the mill owners over cane prices for the current year. Continuing its losing streak for the third straight session, potato prices fell by 0.63% at Rs 969.80 per quintal in futures market yesterday as speculators offloaded their positions due to low demand. At the Multi Commodity Exchange, potato prices for delivery in March lost another Rs 6.10, or 0.63%, to Rs 969.80 per quintal in a business turnover of 54 lots. Likewise, potato for delivery in far-month April traded lower by Rs 5, or 0.52%, to Rs 959.80 per quintal in 11 lots. Call us at +91-731-6642300

BUY DHNAIYA JAN ABOVE 7950 TGTS 7980,8030 SL 7900 SELL DHANIYA JAN BELOW 7800 TGTS 7770,7720 SL 7850

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DAILY REPORT
03rd JANUARY. 2014

CURRENCY

RBI Reference Rate


Currency Rate Currency Rate

Rupee- $ Euro EUR/INR

61.9020 Yen-100 85.1556 GBP CURRENCY ROUNDUP

58.7900 102.7418

The Indian Rupee depreciated around 0.2 percent in yesterdays trading session. The currency depreciated on the back of month end dollar demand from oil firms and importers. Further, weak domestic market sentiments exerted downside pressure on the currency. Also, less volatility was observed as majority markets were closed on the eve of New Year holiday. However, sharp downside in the currency was cushioned due to selling of dollars from exporters and state run banks coupled with constant inflow of foreign funds. The currency touched an intra-day low of 61.985 and closed at 61.90 on Wednesday. The euro took a spill as speculators booked profits on long positions after a strong 2013. The single currency was stuck at $1.3657 after shedding a full cent overnight. The same forces gripped sterling, another strong performer in recent months. The pound peeled away to $1.6441 from a 28month peak of $1.6605. That in turn lifted the U.S. dollar index, a gauge of the greenback's value against six major currencies, by the most in five months. The index was at 80.595 compared to a trough of 80.083 the day before. The yen enjoyed a short-covering bounce. Borrowing in yen to buy higher yielding assets has been a vastly popular trade, leaving the market vulnerable to sudden, if usually brief, reversals. In this case the dollar came off to 104.65 yen after being as high as 105.44, its strongest level since October 2008. Likewise, the euro retreated to 143.00 yen from a peak of 145.12 on Thursday. The short-covering theme extended to U.S. Treasury debt, which has been under pressure for pretty much all of the past two months. Yields on the 10-year note dipped to 2.99 % from a top of 3.04 %, which had been the highest sine mid-2011.

BUY EUR/INR ABOVE 85.83 TGTS 85.98, 86.11 SL 85.43. SELL EUR/INR BELOW 85.35 TGTS 85.18, 85.02 SL 75. JPY/INR

BUY JPY/INR ABOVE 59.60 TGTS 59.74, 59.93 SL 59.25. SELL JPY/INR BELOW 58.94 TGTS 58.81, 58.64 SL 59.29.

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DAILY REPORT
03rd JANUARY. 2014

CALL REPORT
PERFORMANCE UPDATES

Date 02/01/14 02/01/14 02/01/14 02/01/14 02/01/14 02/01/14 02/01/14 02/01/14 02/01/14 02/01/14 02/01/14 02/01/14

Commodity/ Currency Pairs MCX GOLD MCX GOLD MCX SILVER MCX SILVER NCDEX CASTOR SEED NCDEX CASTOR SEED NCDEX DHANIYA NCDEX DHANIYA GBP/INR GBP/INR EUR/INR EURINR

Contract FEB. FEB. MAR. MAR. FEB. FEB. JAN. JAN. JAN. JAN. JAN. JAN. CASH/ FUTURE/ OPTION FUTURE FUTURE FUTURE CASH FUTURE FUTURE FUTURE CASH FUTURE FUTURE

Strategy BUY SELL BUY SELL SELL BUY BUY SELL SELL BUY SELL BUY

Entry Level 28490 28380 44250 43700 4625 4725 8240 8130 102.65 103.20 85.34 85.78

Target 28570-28670 28300-28200 44450-44750 43500-43200 4595-4545 4755-4605 8270-8320 8100-8050 102.50-102.30 103.36-103.55 85.19-85.02 85.92-86.11

Stop Loss 28380 28480 43880 44100 4675 4675 8190 8180 103.05 102.75 85.74 85.38

Remark BOOKED FULL PROFIT NOT EXECUTED BOOKED PROFIT NOT EXECUTED BOOKED FULL PROFIT NOT EXECUTED SL TRIGGERED BOOKED PROFIT NOT EXECUTED BOOKED FULL PROFIT NOT EXECUTED NO PROFIT NO LOSS

Date

Scrip

Strategy

Entry Level

Target

Stop Loss

Remark

02/01/14 02/01/14 02/01/14 02/01/14 01/01/14 31/12/13 31/12/13 30/12/13 27/12/13 23/12/13

NIFTY IRB RCOM UBHOLDINGS NIFTY NIFTY BHEL KOTLE PATIL TATA STEEL RELIANCE

BUY BUY BUY ON DIPS BUY BUY SELL BUY BUY BUY BUY

6340-6350 96.50-97.50 137-139 38 6340-6350 6370-6390 168-170 95 428 895-900

6375-6390 99-102 142-145 42-46 6375-6390 6320-6280 175-180 100-105 434-438 915-935

6310 94.50 135 34 6310 6420 165 90 422 878

BOOKED FULL PROFIT BOOKED FULL PROFIT SL TRIGGERED NOT EXECUTED BOOKED FULL PROFIT BOOKED FULL PROFIT SL TRIGGEERD SL TRIGGERED CALL OPEN SL TRIGGEERD

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ECONOMIC CALENDAR

NEXT WEEK'S U.S. ECONOMIC REPORTS TIME (ET) REPORT PERIOD MONDAY, DEC. 30 10 am Pending home sales Nov. TUESDAY, DEC. 31 9 am 9:45 am 10 am Case-Shiller home prices Chicago PMI Consumer confidence Oct. Dec. Dec. WEDNESDAY, JAN. 01 New Year's Day None scheduled THURSDAY, JAN. 02 8:30 am 9 am 10 am 10 am Weekly jobless claims Market PMI ISM Construction spending 12/28 Dec. Dec. Nov. FRIDAY, JAN. 03 TBA Motor vehicle sales Dec. Disclaimer
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ACTUAL

CONSENSUS FORECAST

PREVIOUS

--

-0.6%

-61.8 75.0

13.3% y-o-y 63.0 70.4

N/A -56.9% 0.9%

338,000 54.4 57.3% 0.8%

16.0 mln

16.3 mln

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