DAILY REPORT

4th FEBRUARY. 2014

Global markets at a glance Asian shares tumbled on Tuesday though the dollar regained some footing, after disappointing U.S. manufacturing data cast a pall over Wall Street and gave investors little reason to hope for stability in emerging markets after their recent rout Japan's Nikkei stock average .N225 lost 2.9 percent, extending its declines into a fourth session. But the greenback's descent took a breather, with the dollar index .DXY gaining 0.1 percent to 81.101. In Asian trading, the dollar took back some lost ground, adding about 0.3 percent to buy 101.24 yen, while the euro rose 0.2 percent on the day to 136.84 yen. The Australian dollar was slightly lower at $0.8738, . Wall Street Update The Dow Jones industrial average .DJI fell 326.05 points or 2.08 percent, to 15,372.8, the S&P 500 .SPX lost 40.7 points or 2.28 percent, to 1,741.89 and the Nasdaq Composite .IXIC dropped 106.919 points or 2.61 percent, to 3,996.958. The Dow closed below its 200-day moving average for the first time since December 28, 2012, a technical breakdown which could indicate further declines. Previous day Roundup The 30-share BSE benchmark plunged more than 300 points on the first trading day of February, tracking fall in global peers that worried on fears of a slowdown in China. The 50-share NSE Nifty touched an intraday low of 5,994.45 before closing at 6,001.80, down 87.70 points or 1.44 percent compared to Fridays closing value. The Sensex was down 304.59 points or 1.48 percent to 20,209.26 weighed down by heavyweights but healthcare stocks bucked the trend. Index stats The Market was down in yesterday session where Bankex and Bank Nifty both closed almost flat (down1.35% and 1.32%respectively). Among the sartorial indices the sectors which were are down consumer Durables [down29.91 pts] Capital Good [down -82.08 pts], PSU [down 87.59 pts], TECK [ down 87.58 pts] , IT [ down-155.53 pts ]Consumer FMCG [down-60.46 pts] Metals [down279.67 pts], Realty [down Pts], Oil& Gas [down-102.11 pts]. power [down pts] the Auto [ down 218.03 pts], and Healthcare [up 11.25 pts],

World Indices
Index DJl S&P 500 NASDAQ EURO STO FTSE 100 Nikkei 225 Hong Kong Value 0.00 1741.89 3996.96 2963.96 6485.66 14249.27 21549.31
CMP Change

% Change -100.00 -2.28 -2.61 -1.66 -0.69 -2.53 -2.21

% Chg

Top Gainers
Company

LUPIN GAIL DRREDDY SUNPHARMA CIPLA

922.10 365.90 2639.95 592.00 412.85

CMP

40.20 7.60 30.40 3.30 2.25

Change

4.56 2.12 1.16 0.56 0.55

% Chg

Top Losers
Company

HINDALCO TATASTEEL BHEL JPASSOCIATE BAJAJ AUTO

Symbol

103.10 342.15 166.05 38.70 1829.20

Prev. Close

-6.45 -1.95 -6.70 -1.55 -72.30

Change

-5.89 -3.55 -3.88 -3.85 -3.80

%Chg

Stocks at 52 Weeks high

ABAN AUROPHARMA GAIL HCLTECH
Symbol

448.70 471.55 358.30 1462.20

Prev. Close

28.20 -1.25 7.60 -11.10

Change

60.28 -0.27 2.12 -0.76

%Chg

Stocks at 52 Weeks Low

BEL ESSARPORTS 928.50 54.95
CMP

-14.50 -1.95
Change

-1.56 3.55
% Chg

Indian Indices
Company NIFTY SENSEX

6001.80 20209.26

87.70 -304.26

-1.44 -1.48

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DAILY REPORT
4th FEBRUARY. 2014

EQUITY CASH & FUTURE

STOCK RECOMMENDATIONS [FUTURE] 1.LUPIN FUTURE

STOCK RECOMMENDATION [CASH] . 1.SOMANY CERAMICS LTD

LUPIN FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sustains above 930 levels. We advise buying around 925-930 levels with strict stop loss 910 for the targets of 945-955 levels. 2.BAJAJ AUTO FUTURE

SOMANY CERAMICS LTD is looking strong on charts. We advice buying above 132 levels with strict stoploss of 125 for the targets of 142-152 levels. MACRO NEWS

Respected economist Janet Yellen was sworn in today as the first woman chair of the Federal Reserve, taking on the burden of winding down the Fed's stimulus without spurring more turmoil The ministry of rural development said it will shell out Rs 1,400 crore to provide subsidised loans to women self-help groups in rural India. The upcoming interim budget could have some goodies for the aam aadmi in the form of indirect tax cuts, but there won't be any income-tax relief soon for inflationscarred consumers Having attracted over Rs 26,000 crore of investments since 2011, Tamil Nadu government yesterday said 16 companies intended to invest another Rs 42,400 crore and these were likely to take shape in a month or two.

BAJAJ AUTO FUTURE is looking weak on charts, short build up has been seen, we may see more downside, if it sustains below 1830 levels. We advise selling below 1830 levels with strict stop loss 1860 for the targets of 1800-1770 levels.

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DAILY REPORT
4th FEBRUARY. 2014

FUTURE & OPTION

MOST ACTIVE PUT OPTION

Symbol Option Type PE PE PE PE PE PE PE PE Strike Price 6,000 6,100 10,000 9,500 1,500 2,400 1,400 1,100 89 136.75 223.25 80.5 68.6 43.7 26 35 LTP Traded Volume (Contracts) 3,11,482 1,69,624 15,138 11,702 3,886 2,230 1,976 1,834

NIFTY NIFTY BANKNIFTY BANKNIFTY SBIN MCDOWELL-N SBIN AXISBANK

STOCKS IN NEWS Tata Power sells entire 30% stake in PT Arutmin Indonesia coal mines via subsidiaries for around $500 mn 73,40,450 Diageo buys 35 lakh shares in United Spirits from 28,35,750 open market at Rs 2,474.45/share Grasim Industries' Q3 consolidated net profit fell to 2,60,175 Rs 332 crore versus Rs 549 crore
Open Interest 1,55,300 3,40,375 1,51,500 1,64,500 2,67,250

NIFTY FUTURE

MOST ACTIVE CALL OPTION

Symbol Option Type CE CE CE CE CE CE CE CE Strike Price 6,100 6,200 10,500 11,000 110 1,000 900 1,650 LTP Traded Volume (Contracts) 2,35,963 2,31,279 16,290 15,382 1,927 1,810 1,759 1,754 Open Interest 34,58,150 39,05,000 1,81,975 3,22,700 21,38,000

NIFTY NIFTY BANKNIFTY BANKNIFTY HINDALCO ICICIBANK LUPIN SBIN

73.15 39 152 47 2.35 23.9 44.5 12.65

4,35,750 We advise selling around 6080-6090 levels with strict 65,750 stop loss of 6140 for the targets of 6040-6000 levels. 2,84,625

Nifty Future closed in the red in the last trading session.

FII DERIVATIVES STATISTICS

BUY SELL OPEN INTEREST AT THE END OF THE DAY Amount in Crores 11421.13 35626.52 29150.68 838.80 TOTAL NET AMOUNT -592.61 1595.90 -20.49 17.44 1000.24 No. of Amount in No. of Amount in No. of Contracts Crores Contracts Crores Contracts INDEX FUTURES INDEX OPTIONS STOCK FUTURES STOCK OPTIONS 35607 404328 44551 30749 1047.82 11965.31 1376.70 875.73 54848 350307 46932 30418 1640.43 10369.42 1397.19 858.28 384605 1192807 992781 30278

INDICES
NIFTY NIFTYJUNIOR BANK NIFTY YOUR MINTVISORY

S2
5943.29 11751.15 10004.6

S1
5972.54 11809.49 10053.35

PIVOT
6023.7 11908.7 10138.0

R1
6052.95 11967.04 10186.75

R2
6104.1 12066.24 10271.4

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DAILY REPORT
4th FEBRUARY. 2014

COMMODITY MCX
COMMODITY ROUNDUP Hedge funds raised bullish gold wagers by the most since July and sold copper holdings as emerging-market turmoil boosted concern the global economy will slow and increased demand for precious metals as a haven. The net-long position in gold jumped 40 percent to 60,672 futures and options in the week ended Jan. 28, U.S. Commodity Futures Trading Commission data show. Long wagers rose 5.5 percent to the highest since September, and short bets dropped 16 percent. Net-bullish copper holdings tumbled 62 percent as shorts gained by the most in 11 weeks Gold futures gained 3.1 percent last month to $1,239.80 an ounce, while copper dropped 5.9 percent on the Comex in New York. The Standard & Poors GSCI Spot Index of 24 commodities fell 1.6 percent. The MSCI All-Country World Index of equities declined 4.1 percent. The Bloomberg Dollar Spot Index, a gauge against 10 major trading partners, rose 1.2 percent. The Bloomberg Treasury Bond Index climbed 1.8 percent. Net wagers across 18 U.S.-traded commodities rose 6.5 percent to 782,818 contracts last week, the highest since October, the CFTC data showed Copper stockpiles monitored by the Shanghai Futures Exchange jumped 18 percent last month, the first increase since October. Global production will outstrip use by 167,000 tons this year, following a deficit of 137,000 tons in 2013, Barclays Plc estimates. The London Metal Exchange Index of the six main metals traded on the bourse fell 3.7 percent last month, the worst start to a year since 2010. The economy in China, the worlds biggest consumer of everything from copper to cotton to pork, will expand 7.4 percent this year, the slowest pace since 1990, a Bloomberg survey showed China rules the copper market, and its obvious that there are no reasons for this market to move higher as supply is ample, and demand is sluggish, said Peter Jankovskis, who helps oversee $3.5 billion as co-chief investment officer of Lisle, Illinois-based OakBrook Investments LLC. Gold, on the other hand, is seeing some buying given the turmoil in many countries, but what remains to be seen is if the rally can sustain in the face of tapering.

RECOMMENDATIONS SILVER

TRADING STRATEGY: BUY SILVER ABOVE 43950 TGTS 44150/44450 SL 43550 SELL SILVER BELOW 43550 TGTS 43350/43050 SL 43950 GOLD

TRADING STRATEGY: BUY GOLD(APR) ABOVE 29050 TGTS 29130/29230 SL 28940 SELL GOLD(APR) BELOW 28850 TGTS 28770/28670 SL 28960

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DAILY REPORT
4th FEBRUARY. 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 Turmeric BUY CASTORSEED FEB ABOVE 4120 TGTS 4150,4200 SL4070 SELL CASTORSEED FEB BELOW 4040 TGTS 4010,3960 SL 409 DHANIYA

4051 2812 8109 1528 11820 1183 3288 3854 7346

-1.32 -1.51 0.63 0.53 -0.69 -0.34 -0.48 -1.37 1.91

NCDEX ROUNDUP Chana prices moved down by 0.70% to Rs 2,835 per quintal in futures trade today as participants trimmed positions amid weak demand in the spot market against increased supplies from producing regions. At the National Commodity and Derivative Exchange, February delivery fell by Rs 20, or 0.70%, to Rs 2,835 per quintal with an open interest of 54,700 lots. The March delivery lost Rs 18, or 0.60%, to Rs 2,994 per quintal in 71,430 lots. Sugar prices rose 0.4% to Rs 2,662 per quintal in futures trading today as speculators built up fresh positions after pick up in demand in the spot market supported by ongoing wedding season. However, ample supplies in the physical market limited the gains. At the National Commodity and Derivatives Exchange, March sugar rose by Rs 13, or 0.49%, to Rs 2,662 per quintal with an open interest of 22,320 lots.
The country's coffee exports rose 38 per cent to 26,161 tonnes in January on account of firm global prices, according to the

BUY DHANIYA FEB ABOVE 8150 TGTS 8180,8230 SL 8100 SELL DHANIYA FEB BELOW 8015 TGTS 8085,8035 SL 8065

Coffee Board of India. The country had shipped 18,979 tonnes in the same month of the previous year, the data showed. In value terms, exports rose to Rs 393.70 crore in January this year from Rs 304.70 crore in the year-ago period, even as unit realization was down at Rs 1,50,496 per tonne.

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DAILY REPORT
4th FEBRUARY. 2014

CURRENCY

RBI Reference Rate

Currency Rate Currency Rate

Rupee- $ Euro GBP/INR

62.6891 Yen-100 84.5780 GBP

61.4100 102.9668

CURRENCY ROUNDUP The dollar softened after the Institute for Supply Management said its manufacturing index fell to a seven-month low in January, as new orders slumped. The ISM's manufacturing purchasing managers' index came in at 51.3 in January, down from 57.0 in December. Analysts were expecting the index to inch down to 56.4 in January. new order growth fell at its fastest rate in 33 years, with the new orders index dropping to 51.2 from 64.4 in December. The employment index fell from 55.8 in December to 52.3, the weakest since June. Also on Monday, U.K.-based Markit reported that its U.S. manufacturing PMI came in at a threemonth low of 53.7 for January, missing expectations for a 53.8 reading. The soft numbers reminded investors that the Federal Reserve will trim its USD65 billion monthly bondbuying program on a gradual basis, and won't tighten policy in the foreseeable future. Stimulus tools tend to weaken the dollar by suppressing interest rates to spur recovery. Meanwhile across the Atlantic, Markit reported that the euro zone's January manufacturing PMI rose to a 32-month high of 54.0 in January, up from 52.7 in December and higher than the preliminary estimate of 53.9. Meanwhile across the Atlantic, Markit reported that the euro zone's January manufacturing PMI rose to a 32-month high of 54.0 in January, up from 52.7 in December and higher than the preliminary estimate of 53.9. However, the euro refused to surge against the greenback due to last week's soft inflation data that fueled fears the European Central Bank may avoid tightening policy to stave off the risk of deflation. The euro area's flash consumer price index rose 0.7% on year in January, missing market calls for a 0.9% reading, which softened the single currency. Core inflation, stripped of volatile food, energy, alcohol and tobacco items, rose 0.8%, in line with expectations. The dollar was down against the yen, with USD/JPY down 0.82% at 101.18, and down against the Swiss franc, with USD/CHF down 0.45% at 0.9024.

SELL GBP/INR BELOW 102.60 TGTS 102.46, 102.31 SL 102.90. BUY GBP/INR ABOVE 103.41 TGTS 103.55, 103.69 SL 103.11.

EUR/INR

SELL EUR/INR BELOW 84.86 TGTS 84.73, 84.59 SL 85.15. BUY EUR/INR ABOVE 85.36 TGTS 85.50, 85.66 SL 85.07.

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DAILY REPORT
4th FEBRUARY. 2014

CALL REPORT
PERFORMANCE UPDATES

Date

Commodity/ Currency Pairs

Contract

Strategy

Entry Level

Target

Stop Loss

Remark

03/02/14 03/02/14 03/02/14 03/02/14 03/02/14 03/02/14 03/02/14 03/02/14 03/02/14 03/02/14 03/02/14 03/02/14

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

FEB. FEB. MAR. MAR. FEB. FEB. FEB. FEB JAN. JAN. JAN. JAN.

BUY SELL BUY SELL BUY SELL BUY SELL SELL BUY SELL BUY

29680 29250 43800 42800 4135 4080 8150 8010 103.20 103.88 61.06 61.73

29750-29850 29170-29070 44050-44400 42800-42500 4165-4215 4050-4000 8180-8330 7980-7930 103.04-102.88 104.02-104.16 60.94-90.81 61.86-61.99

29570 29360 43500 43400 4085 4130 8100 8060 103.50 103.58 61.35 61.44

BOOKED FULL PROFIT NOT EXECUTED BOOKED PROFIT SL TRIGGERED NOT EXECUTED BOOKED FULL PROFIT NOT EXECUTED BOOKED FULL PROFIT BOOKED FULL PROFIT NOT EXECUTED NORT EXECUTED BOOKED FULL PROFIT

Date

Scrip

CASH/ FUTURE/ OPTION

Strategy

Entry Level

Target

Stop Loss

Remark

03/02/14 03/02/14 03/02/14 03/02/14

NIFTY APOLLO TYRE VOLTAS KAVERI SEED COMPANY LTD

FUTURE FUTURE FUTURE CASH

SELL BUY BUY BUY

6150 113 106 422

6110-6080 116-118 109-112 435-445

6180 111 104 405

NOT EXECUTED CALL OPEN BOOKED PROFIT BOOKED FULL PROFIT

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DAILY REPORT
4th FEBRUARY. 2014

ECONOMIC CALENDAR

NEXT WEEK'S U.S. ECONOMIC REPORTS TIME (ET) REPORT PERIOD ACTUAL CONSENSUS FORECAST PREVIOUS

MONDAY, FEB. 3
10 AM 10 AM TBA ISM CONSTRUCTION SPENDING MOTOR VEHICLE SALES JAN. DEC. JAN. TUESDAY, FEB. 4 10 AM FACTORY ORDERS DEC. WEDNESDAY, FEB.5 10 AM ISM NONMANUFACTURING JAN. THURSDAY, FEB. 6 8:30 AM 8:30 AM 8:30 AM WEEKLY JOBLESS CLAIMS TRADE DEFICIT PRODUCTIVITY 2/1 DEC. 4Q FRIDAY ,FEB 7 8:30 AM 8:30 AM NONFARM PAYROLLS UNEMPLOYMENT RATE JAN. JAN. Disclaimer
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57.0% 1.0% 15.4 MLN

1.8%

53.0%

N/A -$34.3 BLN 3.0%

74,000 6.7%

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