DAILY REPORT

21st FEBRUARY. 2014

Global markets at a glance Markets snapped its four day winning streak and closed almost 1 % lower led by a sell-off in heavyweight banking stocks. The investor sentiment went for a toss on cues emerging from world's biggest economies. Macroeconomic data from China and minutes of the US Federal Reserve's last meeting caused the turmoil as stocks tumbled around the globe. European shares recouped early losses to end flat on Thursday, helped by a rally in U.S. equities after strong manufacturing data, but sentiment remained fragile and miners slipped on disappointing data from China. The FTSEurofirst 300 closed flat at 1,338.77 pts after falling as low as 1,324.36, the lowest in a week, after hitting its highest since late January on Wednesday. Germany's benchmark DAX shares index, however, fell 0.4 %. Wall Street Update Stocks climbed on Thursday after a reading on manufacturing activity hit its highest in nearly four years. The Dow Jones industrial average. The major indexes swung between slight gains and losses in early trading, but were clearly in the black after noon and didn't look back. The S&P 500 ended less than 0.5 % below its record close set last month at 1,848.38. DJI rose 92.67 points or 0.58 %, to end at 16,133.23. The S&P 500 .SPX gained 11.03 points or 0.60 %, to finish at 1,839.78. The Nasdaq Composite .IXIC added 29.591 points or 0.7 %, to close at 4,267.545. Previous day Roundup The government cleared Rs 6,400 cr. FDI (foreign direct investment) proposal of global healthcare company GlaxoSmithKline to acquire additional 24.33 per cent stake in its India arm. The 30-share BSE Sensex shed 0.9% or 186 points at 20,536 while the 50-unit NSE Nifty was off 1% or 61 points at 6,091.Among sectors, BSE metal was the other major loser. Index stats The Market was very volatile in yesterdays session. The sartorial indices performed as follow Consumer Durables [down 7.10pts], PSU [down 58.19pts], FMCG [down 58.06pts], Realty [down 2.07Pts], Auto [down 57.27pts], Healthcare [down 0.54pts], IT [down 57.60pts], Metals [down 90.96pts], TECK [up 34.09pts], Oil& Gas [down 74.09 pts], The only index in little up move were Capital Good [up 11.67pts], Power [up 3.73pts].

World Indices
Index DJl S&P 500 NASDAQ EURO STO FTSE 100 Nikkei 225 Hong Kong Value 16,133.23 1,839.78 4,267.55 3,121.59 6,812.99 14,741.42 22,506.27
CMP Change

% Change +0.58 +0.60 +0.70 +0.03 +0.24 +20.02 +0.50

% Chg

Top Gainers
Company

JPASSOCIAT DRREDDY BABJA-AUTO TATAPOWER LT

41.45 2,718.50 1,849.00 78.50 1,036.50

CMP

2.15 50.15 28.10 1.10 5.20

Change

+5.47 +1.88 +1.54 +1.42 +0.50

% Chg

Top Losers
Company

BANKBARODA KOTAKBANK GRASIM INDUSINDBANK ICICIBANK

Symbol

513.05 669.20 2,427.00 384.45 1009.00

Prev. Close

18.45 16.70 55.70 8.45 21.90

Change

-3.47 -2.43 -2.24 -2.15 -2.12

%Chg

Stocks at 52 Weeks high

AMARAJABAT APOLLOTYRE BHARATFORG DIVISLAB
Symbol

384.00 123.85 367.60 1,395.45

Prev. Close

5.00 4.25 -0.45 30.05

Change

+1.32 +3.55 -0.12 +2.20

%Chg

Stocks at 52 Weeks Low

CENTRALBK CORPBANK 44.50 228.50
CMP

0.10 5.65
Change

+0.23 -2.41
% Chg

Indian Indices
Company

NIFTY SENSEX

6,091.45 20,536.64

-61.30 -186.33

-1.00 -0.90

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DAILY REPORT
21st FEBRUARY. 2014

EQUITY CASH & FUTURE

STOCK RECOMMENDATIONS [FUTURE] 1. CENTURY TEXTILE

STOCK RECOMMENDATION [CASH] 1. TATA SPONGE

CENTURY TEXTILE FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sustains above 308 levels. We advise buying around 308-310 levels with strict stop loss 305 for the targets of 314-318. 2. APOLLO TYRE

TATA SPONGE IRON LTD is looking strong on charts. We advise buying around 400-410 levels with strict stop loss of 385 for the targets of 420-430 levels.

APOLLO TYRE FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sustains above 122 levels. We advise around 121-122 levels with strict stop loss 118 for the targets of 124-126 levels.

MACRO NEWS RIL is in talks with four or five export credit agencies (ECA) to raise over $1 bn (Rs 6,220 cr.) in the next four months. This is a part of the companys plan to raise $13 billion (Rs 80,625 crore) debt to fund expansion of its petrochemical production capacity and gasification project for its refining facilities to improve margins. The CCEA has approved the proposal of GlaxoSmithKline Pte Limited, Singapore for acquisition of 24.33 percent shares in existing Indian subsidiary company of GSK Group. The International Monetary Fund (IMF) lauded India's ability to keep a tight rein on spending and monetary policy as it battles an economic slump and inflation, praise that comes amid signals of a difference of opinion over this between the government and the Reserve Bank of India. Telecom ministry issues M&A guidelines Tata Power/Neyveli Lignite -Financial bids for 750 MW solar projects to open today.

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DAILY REPORT
21st FEBRUARY. 2014

FUTURE & OPTION

MOST ACTIVE PUT OPTION

Symbol Option Type Strike Price LTP Traded Volume (Contracts) Open Interest

NIFTY NIFTY NIFTY BANKNIFTY SBIN TATASTEEL TCS AXISBANK

PE PE PE PE PE PE PE PE

6,100 6,000 6,200 10,400 1,450 360 2,200 1,150

37.65 12.3 99.25 104.6 9.95 3.3 26.4 15

5,79,911 1,74,747 32,926 4,771 2,748 2,697 2,608

53,39,000 21,19,450 2,17,125 5,91,000 9,26,000 1,17,875 2,79,250

3,39,180 1,17,17,550

STOCKS IN NEWS IndiGo, FIA against granting of permit to AirAsia; DGCA set to take a decision soon. Wilmar shells out USD 200 mn for stake in Shree Renuka Sugars Singapores PSA pips Adani Ports, wins Rs 8000 crore bid to build JNPT Terminal. Ultratech looks to buy Jaypees cement business in Himachal. NIFTY FUTURE

MOST ACTIVE CALL OPTION

Symbol Option Type Strike Price LTP Traded Volume (Contracts) Open Interest

NIFTY NIFTY NIFTY BANKNIFTY SBIN RELIANCE TCS

CE CE CE CE CE CE CE

6,100 6,200 6,300 10,600 1,500 40 820 2,250

44.8 9.1 1.7 61.2 14.2 2.05 4.6 7.5 BUY

4,72,500 45,57,600 4,36,814 56,29,550 2,70,365 48,02,000 30,352 11,373 2,51,225 6,34,750

HPASSOCIAT CE

4,031 58,00,000

Nifty Future closed in the red in the last trading session. 3,843 11,68,000 We advise selling around 6150 levels with strict stop loss 3,561 2,99,875 of 6180 for the targets of 6110-6080 levels. SELL OPEN INTEREST AT THE END OF THE DAY Amount in Crores
11887.61 48482.59 31197.38 2032.73

FII DERIVATIVES STATISTICS

No. of Amount in No. of Amount in No. of Contracts Crores Contracts Crores Contracts INDEX FUTURES INDEX OPTIONS STOCK FUTURES STOCK OPTIONS
42288 415653 62825 38338 1254.50 12322.92 1873.90 1145.11 52724 415954 75383 39188 1573.07 12306.57 2198.76 1171.55 395822 1603543 1051652 70130

NET AMOUNT
-318.57 16.35 -324.86 -26.44

TOTAL

-653.52

INDICES
NIFTY NIFTYJUNIOR BANK NIFTY YOUR MINTVISORY

S2
6059.68 11852.45 10351.1

S1
6075.56 11898.45 10389.7

PIVOT
6102.33 11945.25 10457.7

R1
6118.21 11991.25 10496.3

R2
6144.98 12038.05 10564.3

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DAILY REPORT
21st FEBRUARY. 2014

COMMODITY MCX
COMMODITY ROUNDUP Gold prices moved down further by 0.47% to Rs 29,890 per 10 grams in futures trade yesterday and indulged in offloading of positions, taking weak cues from the global market. At the MCX, gold for delivery in April declined by Rs 141, or 0.47%, to Rs 29,890 per 10 grams in business turnover of 524 lots. The metal for delivery in June shed Rs 135 to Rs 29,410 per 10 grams in 20 lots. A weak trend in the overseas markets on expectations that the Federal Reserve will continue to taper stimulus in the US, mainly put pressure on gold prices at futures trade here. Globally, gold traded a shade lower at $1,310.74 an ounce in Singapore yesterday. Silver prices fell by 0.85% to Rs 47,380 per kg in futures trade yesterday, tracking a weak trend in the global market. At the MCX, silver for delivery in March fell by Rs 407, or 0.85%, to Rs 47,380 per kg in business turnover of 1,098 lots. Similarly, the white metal for delivery in May declined by Rs 399, or 0.82%, to Rs 48,400 per kg in business volume of 70 lots. A subdued trend in the global markets led to the fall in silver prices at futures trade here. In the international market, silver fell by 0.3% to $21.47 an ounce in Singapore. Copper futures prices fell by 0.49% to Rs 449.20 per kg today as speculators trimmed their positions amid a weak trend in the global markets after manufacturing gauge for China declined At MCX, copper for delivery in February declined by Rs 2.20, or 0.49%, to Rs 449.20 per kg in business turnover of 815 lots. Similarly, the metal for delivery in April fell by Rs 1.65, or 0.36%, to Rs 452.80 per kg in 357 lots. Analysts attributed the decline to a weak trend at the LME (LME) after a manufacturing gauge for China declined more than estimated, damping demand prospects in the world's biggest user of metals. Globally, copper for delivery in three -months traded 0.70% lower at USD 7,134.25 per tonne on the LME, while on the Shanghai Futures Exchange, the metal for delivery in May fell 0.4% to 50,500 yuan (USD 8,304) a tonne. At MCX, lead for delivery in February fell by 45 paise, or 0.34%, to Rs 132.85 per kg in business turnover of 352 lots. Likewise, the metal for delivery in March shed 60 paise, or 0.30%, to Rs 133.95 per kg in 7 lots. The fall in lead futures prices was attributed to a subdued demand at domestic market.

RECOMMENDATIONS SILVER

TRADING STRATEGY: BUY SILVER ABOVE 47700 TGTS 47900/48200 SL 47350 SELL SILVER BELOW 47100 TGTS 46900/46600 SL 47450 GOLD

TRADING STRATEGY: BUY GOLD(APR) ABOVE 29950 TGTS 30030/30130 SL 29830 SELL GOLD(APR) BELOW 29790 TGTS 29710/29610 SL 29910 YOUR MINTVISORY

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DAILY REPORT
21st 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 MAR ABOVE 4200 TGTS 4230,4280 SL 4150 SELL CASTORSEED MAR BELOW 4140 TGTS 4110,4060 SL 4190 DHANIYA

4140 2940 8200 1554 11630 1176 3409 3933 7250

+0.56 +2.00 +2.13 +0.45 +1.06 -1.18 +0.74 -2.76 -0.44

NCDEX ROUNDUP

NCDEX yesterday signed an agreement with the India Pulses and Grains Association (IPGA) to work in collaboration to increase the effectiveness of trade tools, including lifting of trading restrictions through dialogue with regulator and policymakers. The exchange is also relaunching contracts of urad, rice and tur in the near future, after it gets nod from commodity regulator Forward Markets Commission (FMC). NCDEX is also looking at launching contracts in bajra and new variety of chilli after getting FMC approval in three months period. Cardamom prices rebounded by 0.47% to Rs 807 per kg in futures trading yesterday as speculators indulged in creating fresh positions after pick-up in demand in the spot market amid restricted arrivals from producing regions. At the MCX, cardamom for delivery in April rose by Rs 3.80, or 0.47%, to Rs 807 per kg in business turnover of 39 lots. Similarly, the spice for delivery in March traded higher by Rs 3.40, or 0.44%, to Rs 777.30 per kg in 134 lots. Fresh positions built-up by speculators due to pick-up in demand in the spot market amid restricted arrivals from producing regions mainly led to rise in cardamom prices at futures trade.

BUY DHANIYA APR ABOVE 9020 TGTS 9050,9100 SL 8970 SELL DHANIYA APR BELOW 8930 TGTS 8900,8850 SL 8980-

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DAILY REPORT
21st FEBRUARY. 2014

CURRENCY

RBI Reference Rate

Currency Rate Currency Rate

Rupee- $ Euro GBP/INR

62.2843 Yen-100 85.6995 GBP

61.1700 103.8404

CURRENCY ROUNDUP The safe-haven yen rose on Thursday after surveys showing factory activity slowing in China and stuttering in Europe highlighted the fragility of the global economic recovery. The yen, which traditionally gains at times of market turmoil, rose 0.5% against the dollar to trade at 101.77 to the greenback. The euro was down 0.2 percent at $1.3708. The rupee recovered after hitting a one-week low on Thursday as dollar sales by custodian banks aided, but losses in domestic shares and regional peers after minutes from the U.S. Federal Reserve meeting showed it would stick to its tapering schedule prevented further gains. Emerging Asian currencies slid on Thursday, led by the South Korean won on concerns over a slowing Chinese economy and as the Fed is seen scaling back its stimulus at the current pace of $10 billion a month. The partially convertible rupee closed at 62.26/27 per dollar compared with 62.20/21 on Tuesday. Earlier in session, the rupee fell to a low of 62.45. Foreign exchange and bond markets were shut on Wednesday for a local holiday. Traders will continue to monitor the dollar's moves versus majors and other Asian units for direction in the absence of any other domestic triggers. In the offshore non-deliverable forwards, the one-month contract was at 62.56, while the three month was at 63.47. The Chinese yuan fell 0.2 percent. It has slipped to 11-week lows in recent sessions as the central bank was seen pushing the yuan weaker in a likely prelude to widening its trading band and as emerging market currencies weaken. The 10-year U.S. Treasuries yield edged up to 2.75 percent , extending its rise from three-month low of 2.57 percent following the positive data and ahead of the government's debt sales next week. The U.S. dollar also recovered thanks to the strong U.S. manufacturing survey, with the dollar's index against a basket of currencies rising to 80.30 from a eight-week low of 79.927 hit on Wednesday.
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SELL GBP/INR BELOW 103.54 TGTS 103.40,103.25 SL 103.85. BUY GBP/INR ABOVE 104.19 TGTS 104.33,104.48 SL 103.88. EUR/INR

SELL EUR/INR BELOW 85.16 TGTS 85.02, 84.87 SL 85.47. BUY EUR/INR ABOVE 85.93 TGTS 86.07, 86.22 SL 85.62. YOUR MINTVISORY

DAILY REPORT
21st FEBRUARY. 2014

CALL REPORT
PERFORMANCE UPDATES

Date

Commodity/ Currency Pairs

Contract

Strategy

Entry Level

Target

Stop Loss

Remark

20/02/14 20/02/14 20/02/14 20/02/14 20/02/14 20/02/14 20/02/14 20/02/14 20/02/14 20/02/14 20/02/14 20/02/14

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

APR. APR. MAR. MAR. MAR. MAR. APR. APR. FEB. FEB. FEB. FEB.
CASH/ FUTURE/ OPTION

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

30250 29840 48050 47500 4190 4155 8975 8905 61.96 62.35 85.61 84.98

30330-30430 29760-29660 48250-48550 47200-46850 4220-4270 4125-4075 9005-9055 8875-8825 91.83-61.69 62.48-62.62 85.75-85.90 84.84-84.69

30130 29960 47700 47850 4140 4205 8925 8955 62.25 62.06 85.30 85.29

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

Date

Scrip

Strategy

Entry Level Target

Stop Loss

Remark

20/02/14 20/02/14 20/02/14 20/02/14

19/02/14 18/02/14 17/02/14 14/02/14 13/02/14 10/02/14

NIFTY TCS LUPIN ABG SHIPYARD

ARVIND M&M AMTEK INDIA HINDALCO RPG LIFE SCIENCES KRBL

FUTURE FUTURE FUTURE CASH

FUTURE FUTURE CASH FUTURE CASH CASH

BUY BUY BUY BUY

BUY BUY BUY SELL BUY BUY

6120 22002220 940-945 330-310

142 940 64-65 100 52-55 45-46

6150-6180 2250-2300 955-965 320-340

148-152 960-980 70-75 97-95 59-64 50-54

6100 2150 930 280

140 920 60 103 47 40

CALL OPEN CALL OPEN CALL OPEN SL TRIGGERED

CALL OPEN CALL OPEN CALL OPEN CALL OPEN CALL OPEN CALL OPEN

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DAILY REPORT
21st FEBRUARY. 2014

ECONOMIC CALENDAR

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

MONDAY, FEB. 17 NONE SCHEDULED TUESDAY, FEB. 18 8:30 am 10 am Empire state index Home builders' index Feb. Feb. WEDNESDAY, FEB.19 8;30 am 8:30 am 8:30 am 2 pm Producer price index Core PPI Housing starts FOMC minutes THURSDAY, FEB. 20 8:30 am 8:30 am 8:30 am 9 am 10 am 10 am Weekly jobless claims Consumer price index Core CPI Markit flash PMI Philly Fed Leading indicators 2/15 Jan. Jan. Feb. Feb. Jan. FRIDAY ,FEB 21 10 am Existing home sales Jan. Disclaimer
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11.0 56

12.5 56

Jan. Jan. Jan.

0.1% 0.2% 963,000

0.4% 0.3% 999,000

N/A 0.2% 0.2% -10 --

N/A 0.3% 0.1% 53.7 9.4 0.1%

4.68 mln

4.87 mln

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