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DAILY REPORT

22 st JANUARY. 2013

Global markets at a glance

Asian share markets struggled for inspiration on Wednes- day, hampered by expectations of further reductions in the U.S. Federal Reserve's stimulus and ahead of central bank meetings in Japan and Thailand. Japan's Nikkei was almost flat .N225, while MSCI's broadest index of Asia-

Australian shares fell 0.8

percent.AXJO, extending losses after an unexpectedly large spike in inflation reduced the prospects of a rate cut, though the data also helped to lift the Australian currency 0.6 percent to $0.8855. In a mixed day on Wall Street the Standard & Poor's 500 Index .SPX rose 0.28 percent and the Nasdaq Composite Index .

Pacific shares outside Japan

Wall Street Update U.S. stocks mostly rose on Tuesday, with the S&P 500 snapping a two-session decline as the materials sector ral- lied, though the Dow fell on disappointing earnings by three of its components. Trading was volatile, with the S&P fluctuating between positive and negative territory throughout the session, while the Dow moved between modest and solid losses and the Nasdaq swung between modest and strong gains. Previous day Roundup

The market closed on a flat note but the Nifty managed to hold above 6300. The Nifty ended up 9.85 points at 6313.80 while the Sensex was up 46.07 points to close at 21251.12. About 1364 shares have advanced, 1240 shares declined, and 239 shares are unchanged. Banking and auto stocks supported the market with Bank Nifty gaining 1.5 percent. It stocks were under pressure in today's trade.

Index stats The Market was very volatile in yesterday session where Bankex and Bank Nifty both closed almost flat (up 1.55% and UP 1.49% respectively). Among the sartorial indices almost the sectors which were down are; Healthcare [down-10.66 pts], IT[down-66.18 pts], TECK [down33.41pts]. FMCG [down-12.02 pts] PSU [down-10.85 pts], Oil & Gas [down-46.24 pts], Power [down 52.85pts], and the index advanced were Consumer Durables [up 29.77pts], Capital Goods [UP 61.99 pts], AUTO [up 125.28 pts], Metals [UP 74.19 pts], Realty [up171.95 pts],

YOUR MINTVISORY

World Indices

Index

Value

% Change

D J l

16414.44

-0.27

S&P 500

1843.80

+0.28

NASDAQ

4225.76

+0.67

EURO STO

3153.08

-0.00

FTSE 100

6834.26

-0.04

Nikkei 225

15801.14

+0.03

Hong Kong

23056.10

+0.10

Top Gainers

Company

CMP

Change

% Chg

ICICIBANK

1079.65

35.65

3.41

TATASTEEL

386.00

11.45

3.06

TATAMOTORS

384.25

9.35

2.49

JPASSOCIAT

48.45

1.10

2.32

AXISBANK

1188.80

25.60

2.20

Top Losers

Company

CMP

Change

% Chg

KOTAKBANK

705.30

-22.85

-3.14

BHEL

169.65

-4.25

-2.44

COALINDIA

262.65

-6.50

-2.41

TCS

2285.25

-52.95

-2.26

ASIANPAINT

Stocks at 52 Week’s high

479.50

-10.50

-2.14

Symbol

Prev. Close

Change

%Chg

AUROPHARMA

410.50

23.50

5.72

HCLTECH

1430.60

12.40

0.87

INFY

3749.30

8.70

0.23

DIVISLAB

1296.30

4.70

0.36

INFOTECENT

356.90

24.30

6.81

Stocks at 52 Week’s Low

Symbol

Prev. Close

Change

%Chg

- -

Indian Indices

 

Company

CMP

Change

% Chg

NIFTY

6313.80

9.85

0.16

SENSEX

21251.12

46.07

0.22

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DAILY REPORT

22 st JANUARY. 2013

EQUITY CASH & FUTURE

STOCK RECOMMENDATIONS [FUTURE]

1. BIOCON FUTURE

& FUTURE STOCK RECOMMENDATIONS [FUTURE] 1. BIOCON FUTURE BIOCON FUTURE is looking strong on charts, long

BIOCON FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sustains above 480 levels. We advise buying around 480 levels with strict stop loss 474 for the targets of 486-494 levels.

2. TATA MOTOR FUTURE

474 for the targets of 486-494 levels. 2. TATA MOTOR FUTURE TATA MOTOR FUTURE is looking

TATA MOTOR FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sustains above 382 levels. We advise buying around 382-384 levels with strict stop loss 378 for the targets of 389-394 levels.

YOUR MINTVISORY

STOCK RECOMMENDATION [CASH]

1. VAIBHAV GLOBAL

MINTVISORY STOCK RECOMMENDATION [CASH] 1. VAIBHAV GLOBAL VAIBHAV GLOBAL is looking strong on charts. We advice

VAIBHAV GLOBAL is looking strong on charts. We advice buying above 740 levels with strict stop loss of 710 for the targets of 770-790 levels.

MACRO NEWS

India is likely to clock an economic growth rate of 4.6 percent this financial year and the expansion may im- prove to 5.4 percent in 2014-15, the International Mone- tary Fund said

specified Undertaking of UTI (SUUTI) has appointed three merchant bankers for sale of its stake in Axis Bank . The three merchant bankers selected for the stake sale are JP Morgan, Citigroup Global Markets and JM Financial Con- sultants,

TRAI Chairman Rahul Khullar yesterday held discussions with heads of telecom companies on spectrum trading and said the regulator is likely to release detailed recom- mendations on the matter before inter-ministerial panel meeting on January 25.

:Monetary policymaking in India will move closer to the model followed by the USFederal Reserve and the Bank of England if recommendations of a panel headed by Urjit Patel, a deputy governor of the RBI,

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DAILY REPORT

22 st JANUARY. 2013

FUTURE & OPTION

MOST ACTIVE PUT OPTION

Symbol

Option

Strike

LTP

Traded

Open

Type

Price

Volume

Interest

 

(Contracts)

NIFTY

PE

6,300

40.5

3,57,151

54,37,600

NIFTY

PE

6,200

15.15

2,94,137

66,17,450

BANKNIFTY

PE

11,000

72.75

23,934

2,45,225

BANKNIFTY

PE

10,800

31

15,402

1,68,525

TCS

PE

2,300

37.5

6,216

2,52,000

TCS

PE

2,250

15.7

4,898

4,40,500

INFY

PE

3,700

18.35

4,575

7,44,500

MOSTSBIN ACTIVE CALLPE

OPTION1,650

23

4,505

3,30,625

Symbol

Option

Strike

LTP

Traded

Open

Type

Price

Volume

Interest

 

(Contracts)

NIFTY

CE

6,400

23.4

3,67,701

47,40,750

NIFTY

CE

6,300

67.9

3,25,308

48,02,650

BANKNIFTY

CE

11,200

148.2

29,177

2,73,275

BANKNIFTY

CE

11,500

51.9

28,843

4,01,675

SBIN

CE

1,700

16.4

9,930

7,43,000

TCS

CE

2,350

14

5,812

3,69,250

TCS

CE

2,300

29.1

5,737

2,83,250

SBIN

CE

1,650

36

5,617

7,07,500

STOCKS IN NEWS

Sasken Communication will pay special dividend of Rs 25/s

Bank of America Merrill Lynch reiterates buy rating on Aurobindo Pharma and raises target price to Rs

525

Asian Paints' Q3 consolidated net profit fell to Rs 329.3 crore versus Rs 335.2 crore (YoY)

NIFTY FUTURE

to Rs 329.3 crore versus Rs 335.2 crore (YoY) NIFTY FUTURE Nifty Future closed in the

Nifty Future closed in the green in the last trading ses- sion. We advise buying around 6290-6300 levels with strict stop loss of 6270 for the targets of 6340-6370 lev- els.

TCS

CE

2,200

FII DERIVATIVES STATISTICS

58.60

1,357

1,70,000

 
   

BUY

SELL

OPEN INTEREST AT THE END OF THE DAY

 

No. of

Amount in

No. of

Amount in

No. of

Amount in

 

Contracts

Crores

Contracts

Crores

Contracts

Crores

NET AMOUNT

INDEX FUTURES

 

58587

1814.63

61820

1915.78

452884

14141.69

-101.15

INDEX OPTIONS

391476

12065.71

406282

12508.91

1280862

40064.95

-443.20

STOCK FUTURES

 

69802

2259.78

63674

2029.28

1070597

33801.76

230.50

STOCK OPTIONS

52687

1614.55

55254

1686.61

99756

3263.33

-72.06

 

TOTAL

-385.91

INDICES

S2

S1

PIVOT

R1

R2

NIFTY

6220.81

6262.38

6284.91

6326.48

6349.01

NIFTYJUNIOR

12270.84

12371.05

12426.25

12526.45

12581.65

BANK NIFTY

10822.53

10915.01

10968.73

11061.21

11114.93

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DAILY REPORT

22 st JANUARY. 2013

COMMODITY MCX

RECOMMENDATIONS

SILVER

s t JANUARY. 2013 COMMODITY MCX RECOMMENDATIONS SILVER TRADING STRATEGY : BUY SILVER ABOVE 44700 TGTS

TRADING STRATEGY:

BUY SILVER ABOVE 44700 TGTS 44900/45200 SL 44350 SELL SILVER BELOW 44350 TGTS 44150/43850 SL 44700 GOLD

SELL SILVER BELOW 44350 TGTS 44150/43850 SL 44700 GOLD TRADING STRATEGY: BUY GOLD ABOVE 29300 TGTS

TRADING STRATEGY:

BUY GOLD ABOVE 29300 TGTS 29380/29480 SL 29290 SELL GOLD BELOW 29190 TGTS 29110/29010 SL 29300

COMMODITY ROUNDUP

MCX Copper futures continue to witness a very thin move-

ment. The global price action remains dull after the Chinese

data yesterday. The copper futures have been moving in a

very tight range this week on COMEX after the metal edged

up from its three week low last week. The COMEX Copper futures are quoting at $3.3325, down 0.36% on the day.

MCX Copper is quoting at Rs 455.40, down Rs 1.05 per kg or

0.23% on the day.

Data out yesterday showed that China's GDP rose 7.7% in

the fourth quarter from a year ago, slower than the 7.8% it posted in the third quarter, according to data released

Monday by China's National Bureau of Statistics. For the year it also posted 7.7% growth, matching 2012

MCX Gold futures came off their highs in intraday trades as

the global prices corrected from recent six week highs on

ideas that the US the Fed is on track to trim its bond-buying

program and a further reduction could as soon as the cen- tral bank's meeting around this month-end. The US dollar strengthened and hovered around its seven week high and COMEX Gold broke under $1250 per ounce. The metal quotes at $1244.10, down $7.80 per ounce on the day. MCX

Gold futures also eased from intraday highs near Rs 29300

per 10 grams and currently quote at Rs 29260, down Rs 28

per 10 grams on the day.

LME Copper remained in a same gloomy self, even after

reports from China showing a sharp rise in imports in the

month of December 2013. The prices of LME remained trad- ing down on the back of Chinese economy growth slowing

to 7.7% in the fourth quarter, slower than the 7.8% re- corded in the third quarter. Industrial production growth slowed in December to 9.7%, the second straight monthly

drop The growth in new manufacturing orders in UK was

the strongest since April 2011, according to the latest CBI quarterly Industrial Trends Survey. The business organiza-

tion said during the three months to January 2014, domes- tic orders rose, uncertainty about demand fell and invest-

ment intentions for the year ahead picked up.

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DAILY REPORT

22 st JANUARY. 2013

NCDEX

RECOMMENDATIONS

CASTORSEED

22 s t JANUARY. 2013 NCDEX RECOMMENDATIONS CASTORSEED BUY CASTORSEED FEB ABOVE 4385 TGTS 4415,4465 SL

BUY CASTORSEED FEB ABOVE 4385 TGTS 4415,4465 SL 4335 SELL CASTORSEED FEB BELOW 4315 TGTS 4285,4235 SL 4365

4335 SELL CASTORSEED FEB BELOW 4315 TGTS 4285,4235 SL 4365 DHANIYA BUY DHANIYA FEB ABOVE 8485

DHANIYA BUY DHANIYA FEB ABOVE 8485 TGTS 8515,8565 SL 8435 SELL DHANIYA FEB BELOW 8345 TGTS 8315,8265 SL 8395

YOUR MINTVISORY

NCDEX INDICES

Index

Value

% Change

Castor Seed

4335

0.00

Chana

3047

-0.59

Coriander

8436

3.99

Cotton Seed Oilcake

1571

0.00

Jeera

12750

-0.06

MaizeFeed/ Indus- trial grade

1216

-0.08

Mustard seed

3415

-0.12

Soy Bean

3754

0.16

Turmeric

6760

0.42

NCDEX ROUNDUP Rubber futures at Tokyo Commodity Exchange (TOCOM) has fallen to a five-month low as China demand is expected to weaken on slower GDP growth while Indian prices have fallen sharply by 7.5% in January till date to a low of Rs 15000 per 100 kg on global cues, weak automobile sales growth and higher inventory of rubber on increased im- ports.

At TOCOM, June delivery contract has fallen to 252.1 Yuan per kg ($2,413 per metric ton) and trading in 251.8-254.6 range. Rubber market has been impacted by China manu- facturing and GDP growth data which points a negative pic- ture regarding demand from automotive industry. nnual car sales in India declined for the first time in 11 years in 2013, posting a 9.59 percent fall, Futures for May delivery on the Shanghai Futures Exchange lost 1.4 percent to 16,660 yuan ($2,753) a ton. Stockpiles monitored by the bourse in- creased 5.6 percent to 200,815 tons, the largest since Octo- ber 2004, exchange data showed on Jan. 17. It was the sev- enth straight week of gain.

Stockiest liquidation continued in guarseed futures on the heels of higher production estimates in the current year along with strong arrivals in major mandies. The NCDEX fu- tures declined by 1.50% .

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DAILY REPORT

22 st JANUARY. 2013

CURRENCY

RBI Reference Rate

Currency

Rate Currency

Rate

Rupee- $

Euro

61.5355

83.3750

Yen-100

58.8700

GBP

101.0844

EUR/INR

83.3750 Yen-100 58.8700 GBP 101.0844 EUR/INR BUY EUR/INR ABOVE 83.98 TGTS 84.13,84.28 SL 83.63. SELL

BUY EUR/INR ABOVE 83.98 TGTS 84.13,84.28 SL 83.63. SELL EUR/INR BELOW 83.48 TGTS 83.34,83.20 SL 83.83.

JPY/INR

SELL EUR/INR BELOW 83.48 TGTS 83.34,83.20 SL 83.83. JPY/INR BUY JPY/INR ABOVE 59.25 TGTS 59.38,59.52 SL

BUY JPY/INR ABOVE 59.25 TGTS 59.38,59.52 SL 58.95. SELL JPY/INR BELOW 58.83 TGTS 58.70,58.56SL 59.13.

CURRENCY ROUNDUP Indian rupee started off Tuesday's trade with marginal gains of 9 paise at 61.53 per dollar as against previous day's clos- ing value of 61.62 per dollar. the dollar-rupee pair has been moving in a very narrow range. "The market has witnessed oil and other demand getting offset by good FII flows, and consistent intervention by RBI during times of volatility the

dollar index is little changed above 81.11, having drifted off

a two-month high of 81.296 yesterday in subdued trading

due in part to the US holiday. Against the yen, the green- back edged up to 104.16 from 103.865.

The dollar strengthened on Tuesday in tandem with U.S. Treasury yields, which rose on speculation the Federal Re- serve would soon reduce its bond-buying stimulus further. The euro fell to a low against the dollar of $1.3525 after Germany's ZEW economic sentiment indicator for January came in below forecasts. It was last trading at $1.3530, still down on the day. Traders sold into rallies on expectations the European Central Bank will keep policy accommodative and may even cut rates if money markets tighten.

"The focus is more on the ECB's liquidity operations, and

unless that is addressed, we expect the euro/dollar to re- main a pain trade, staying in a range," . While the euro rose against the yen, it was the U.S. dollar's advance that was grabbing attention. The dollar was up 0.5 percent at 104.72 yen, bringing it closer to possible resistance near 104.92 yen, an intraday high hit on Jan. 16. The dollar/yen pair has

a robust correlation with rate-sensitive U.S. two-year yields.

the Fed may announce a further reduction to its monthly bond purchases at its Jan. 28-29 policy meeting, to $65 bil- lion from the current $75 billion. The New Zealand dollar gave up gains made in Asia after inflation data strengthened the case for higher interest rates at home. Some traders said investors have been too aggressive in pricing in rate hikes in New Zealand, leading to a correction in the cur- rency.

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DAILY REPORT

22 st JANUARY. 2013

CALL REPORT

PERFORMANCE UPDATES

Date

Commodity/ Currency Pairs

Contract

Strategy

Entry Level

Target

Stop Loss

Remark

21/01/14

MCX

GOLD

FEB.

BUY

29350

29430-29530

29250

NOT EXECUTED

21/01/14

MCX

GOLD

FEB.

SELL

29250

29170-29070

29350

BOOKED FULL PROFIT

21/01/14

MCX

SILVER

MAR.

BUY

45300

45500-45800

44950

NOT EXECUTED

21/01/14

MCX

SILVER

MAR.

SELL

44950

44750-44450

45300

NOT EXECUTED

21/01/14

NCDEX CASTOR SEED

FEB.

BUY

4380

4410-4460

4330

SL TRIGGERED

21/01/14

NCDEX CASTOR SEED

FEB.

SELL

4315

4285-4235

4365

NOT EXECUTED

21/01/14

NCDEX DHANIYA

FEB.

BUY

8190

8220-8270

8140

BOOKED FULL PROFIT

21/01/14

NCDEX DHANIYA

FEB.

BUY

8090

8070-8020

8140

NOT EXECUTED

21/01/14

USD/INR

JAN.

SELL

61.82

61.95-62.09

61.52

BOOKED FULL PROFIT

21/01/14

USD/INR

JAN.

BUY

61.47

61.34-61.18

61.77

NOT EXECUTED

21/01/14

GBP/INR

JAN.

BUY

101.61

101.75-101.90

101.26

BOOKED FULL PROFIT

21/01/14

GBP/INR

JAN.

SELL

101.05

100.92-100.76

101.46

SL TRIGGERED

   

CASH/

         

Date

Scrip

FUTURE/

Strategy

Entry Level

Target

Stop Loss

Remark

OPTION

21/01/14

NIFTY

FUTURE

BUY

6290

6340-6370

6270

NOT EXECUTED

21/01/14

ITC

FUTURE

BUY

332

337-339

327

CALL OPEN

21/01/14

RCOM

FUTURE

BUY

130

134-135

127

BOOKED FULL PROFIT

 

RELIANCE MEDIA-

           

21/01/14

WORK

CASH

BUY

55

59-62

51

CALL OPEN

20/01/14

NIFTY

FUTURE

SELL

6290

6240-6200

6350

CALL OPEN

20/01/14

BJAAJ AUTO

FUTURE

BUY

1950

1900-2040

1890

CALL OPEN

17/01/14

GITANJALI

CASH

BUY

70

75-85

65

CALL OPEN

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DAILY REPORT

22 st JANUARY. 2013

ECONOMIC CALENDAR

NEXT WEEK'S U.S. ECONOMIC REPORTS

TIME (ET)

REPORT

PERIOD

ACTUAL

CONSENSUS FORECAST

PREVIOUS

MONDAY, JAN 20

MARTIN LUTHER KING JR. DAY NONE SCHEDULED

TUESDAY, JAN 21

NONE SCHEDULED

WEDNESDAY, JAN.22

NONE SCHEDULED

THURSDAY, JAN. 23

8:30 AM

WEEKLY JOBLESS CLAIMS

1/18

N/A

N/A

9 AM

MARKIT "FLASH" PMI

JAN.

--

55.0

9 AM

FHFA HOME PRICES

NOV.

--

8.2% Y-O-Y

10 AM

EXISTING HOME SALES

DEC.

4.95 MLN

4.90 MLN

10 AM

LEADING INDICATORS

DEC.

--

0.8%

FRIDAY, JAN. 24

NONE SCHEDULED

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