DAILY REPORT

31st DECEMBER. 2013

Global markets at a glance In Asia, Japan's benchmark stock index, the Nikkei, surged to a fresh six-year high on Monday. Nikkei gained 0.69%, while China's Shanghai Composite was off 0.18%. Shares in Hong Kong were unchanged with the Hang Seng at 23,244.87. European stock indexes stayed on track on Monday to post their biggest annual gains in four years. Stock markets in London, Madrid, Paris, Amsterdam, Brussels and Lisbon will close around midday on Tuesday, while other major European markets including Italy, Germany and Switzerland will remain closed on Tuesday for the New Year holiday break. Wall Street Update US stocks closed mostly flat on Monday, with the Dow edging up to another record closing high and the S&P 500 index's advance stalling in response to light trading volume and weaker-than-forecast housing data. The DJI average rose 25.88 pts, or 0.16%, to end at 16,504.29, a record close. The Standard & Poor's 500 Index dipped just 0.33 of a pts, or 0.02%, to finish at 1,841.07. The Nasdaq Composite Index declined 2.40 pts, or 0.06%, to close at 4,154.20. Previous day Roundup Market recouped some of its losses in closing deals after hitting a bottom when a Reserve Bank of India (RBI) report flagged inflation and asset quality issues as key risks to financial stability. It was a volatile session that saw key indices move in narrow range for the better part of the day. Market touched its day's low in afternoon deals a Financial Stability Report by the Reserve Bank of India. The 30-share Sensex ended 50 points lower at 21,143 and the 50-unit Nifty was down 23 points at 6,291. Index stats The Bankex and Bank Nifty both declined 0.67% & 0.73% respectively. Among the sartorial indices almost all the sectors were down; Capital Goods [down 41.85pts], AUTO [down 55.72pts], PSU [down 3.21pts], Consumer Durables [down 18.26pts], Realty [down 23.07pts], TECK [down 31.95pts], IT [down 77.59pts], Power [down 3.36pts], FMCG [down pts] and Healthcare [down 42.47pts], the index advanced were Oil & Gas [up 13.20pts], Metals [up 67.45pts].

World Indices
Index DJl S&P 500 NASDAQ EURO STO FTSE 100 Nikkei 225 Hong Kong Value 16,504.29 1,841.07 4,154.20 3,100.93 6,731.27 16,291.31 23,321.10
CMP Change

% Change +0.16 -0.02 -0.06 -0.34 -0.29 +0.69 +0.33

% Chg

Top Gainers
Company

BHEL COALINDIA HDFC RELIANCE HINDUNILVR

180.40 290.80 798.80 885.55 573.00

CMP

7.15 7.70 9.60 6.70 4.25

Change

+4.13 +2.72 +1.22 +0.76 +0.75

% Chg

Top Losers
Company

Stocks at 52 Weeks high

Symbol

DLF ACC JPASSOCIAT ULTRACEMCO M&M

165.60 1,093..75 52.65 1,730.55 949.20

5.80 28.70 1.25 39.50 17.95

Change

-3.38 -2.56 -2.32 -2.23 -1.86

%Chg

Prev. Close

APOLLOTYRE BAJAJELEC DIVISLAB GLAXO HCLTECH

102.00 220.10 1,216.00 2,976.50 1,252.00

1.30 1,15 5.90 18.40 5.95

+1.29 +0.53 -0.48 +0.62 +0.48

Stocks at 52 Weeks Low

Symbol Prev. Close Change %Chg

--

Indian Indices
Company NIFTY SENSEX CMP Change % Chg

6,291.10 21,143.01

22.70 50.57

-0.36 -0.24

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DAILY REPORT
31st DECEMBER. 2013

EQUITY CASH & FUTURE

STOCK RECOMMENDATIONS [FUTURE] 1. COAL INDIA

STOCK RECOMMENDATION [CASH] 1. KERNEX MICRO SYSTEMS

COAL INDIA FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it continues to sustain above 290. We advise buying around 288-290 levels with strict stop loss 285 for the targets of 296-300. 2. BHEL

KERNEX MICRO SYSTEMS is looking strong on charts. We advise buying above 54 levels with strict stop loss of 50 for the targets of 58-62 levels.

BHEL FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it continues to sustain above 170. We advise buying on dips around 168-170 levels with strict stop loss 165 for the targets of 175-180.

MACRO NEWS The Department of Telecom is hoping to announce the new M&A guidelines next month as it attempts to infuse life into a sector battered by controversies. The Foreign Investment Promotion Board yesterday approved UK-based Tesco Plc's proposal to enter the Indian multi-brand retail segment in joint venture with Tata Group company with an initial investment of US$ 110 million (about Rs 680 cr.). Financial Stability Report by RBI flagged concerns over continuing high inflation amid slowdown in growth. The report also raised a red flag on asset quality of commercial banks sending banking stocks tumbling. Reserve Bank has said the country is ready for the US Federal Reserve's tapering, and has pegged the current account deficit at below 3 percent for this fiscal in its eighth Financial Stability Report. RBI hopes a positive impact on the energy import bill, on the account of the increased availability of alternative energy sources like shale gas.

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DAILY REPORT
31st 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,.300 6,200 6,100 1,750 880 3,400 1,100 Strike Price 6,400 6,500 6,600 12,000 1,800 900 180 180 2,200 LTP Traded Volume (Contracts) 1,80,467 1,14,224 85,671 7,157 2,095 1,404 820 771 Traded Volume (Contracts) 1,63,743 1,41,544 91,601 11,858 3,897 3,070 1,458 1,413 1,357 Open Interest 34,37,550 34,40,250 30,18,450 1,33,575 97,125 1,69,750 1,09,125 1,14,250 Open Interest 35,33,650 44,10,350 27,80,200 2,03,275 3,66,250 6,59,750 10,40,000 19,80,000 1,70,000

NIFTY NIFTY NIFTY BANK NIFTY SBIN RELIANCE INFY ICICIBANK Symbol

87.50 54.25 32.70 45.00 16.80 87.50 35.80 LTP

11,000 140.00

STOCKS IN NEWS FIPB clears Voda's Rs 10,141 cr & Tesco's $110 mn FDI proposals. GMR inks pact with MAHB to divest stake in Istanbul airport JSW Steel promoter hikes stake in company to 4.74% Jain Irrigation bags Rs 385 crore project from Karnataka government. Cooper Tire terminates $2.5bn deal with Apollo Tyres. Vedanta Resources Starts Mining Operation In Sesa Sterlite Mine. NIFTY FUTURE

MOST ACTIVE CALL OPTION

NIFTY NIFTY NIFTY BANKNIFTY SBIN RELIANCE BHEL DLF TCS

73.00 38.95 17.95 114.75 43.05 19.45 4.45 3.50 58.60

Nifty Future closed in the red in the last trading session. We advise selling around 6370-6390 with strict stop loss of 6420 for the targets of 6320-6280 levels.

FII DERIVATIVES STATISTICS

BUY SELL OPEN INTEREST AT THE END OF THE DAY Amount in Crores 13426.44 29948.95 30172.28 445.39 TOTAL NET AMOUNT -41.80 694.14 34.76 -27.57 659.54 No. of Amount in No. of Amount in No. of Contracts Crores Contracts Crores Contracts INDEX FUTURES INDEX OPTIONS STOCK FUTURES STOCK OPTIONS 30336 189280 33481 15683 950.70 5923.42 1147.60 481.19 31561 167599 32752 16622 992.50 5229.28 1112.84 508.76 427066 953253 940941 15157

INDICES
NIFTY NIFTYJUNIOR BANK NIFTY YOUR MINTVISORY

S2
6231.86 631.05 11230.46

S1
6261.48 633.41 11303.23

PIVOT
6302.76 636.95 11427.81

R1
6332.38 639.3 11500.58

R2
6373.66 642.84 11625.16

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DAILY REPORT
31st DECEMBER. 2013

COMMODITY MCX
COMMODITY ROUNDUP The GOLD rate touched an intraday high of Rs 28551 and an intraday low of Rs 28331. 9367 contracts had been traded. Gold Price was taking support at 28250 and traded in sideways range all day. In evening session gold price breached the nearest support 28360 and made low of 2833. a weak trend in the overseas markets as investor holdings extended declines to the lowest since 2009, mainly put pressure on the gold prices at futures trade here. The SILVER rate touched an intraday high of Rs 44879 and an intraday low of Rs 44127. 19465 contracts had been traded. Silver opened at morning with gap down and made day high. In mid session Silver traded in narrow range and made night low 44127 . After evening there had seen more selling pressure in Silver and it will helpful to break the nearest support 43900. Tracking a weak trend in the precious metals overseas, silver prices fell 0.66% to Rs 44,856 per kg in futures trade yesterday as speculators reduced their exposures. At the MCX silver for delivery in March fell by Rs 298, or 0.66%, to Rs 44,856 per kg in business turnover of 683 lots. Similarly, the white metal for delivery in May declined by Rs 260, or 0.56%, to Rs 45,830 per kg in business volume of 7 lots. A subdued trend overseas as some investors lost faith in the precious metals as a safe haven investment amid a rally in US equities and an improving economy, which prompted the Federal Reserve to pare its $85 billion in monthly bond purchases, attributed fall in silver prices at futures trade. Nickel prices rose 0.33% to Rs 888.90 per kg in futures trading yesterday as participants enlarged positions even as metal weakened at the LME. At the MCX nickel for delivery in January traded Rs 2.90, or 0.33% higher at Rs 888.90 per kg in business turnover of 31 lots. Aluminium futures prices rose by 0.14% to Rs 109.70 per kg yesterday as speculators covered up their short positions on rising demand in spot markets even as metal weakened in the global markets. At the MCX Aluminium for delivery in current month up by 15 paisa, or 0.14%, to Rs 109.70 per kg, with a business turnover of 27 lots.

RECOMMENDATIONS SILVER

TRADING STRATEGY: BUY SILVER ABOVE 44480 TGTS 44680/44980 SL 44080 SELL SILVER BELOW 43900 TGTS 43700/43400 SL 44250 GOLD

TRADING STRATEGY: BUY GOLD ABOVE 28480 TGTS 28560/28660 SL 28380 SELL GOLD BELOW 28250 TGTS 28170/28070 SL 28350

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DAILY REPORT
31st DECEMBER. 2013

NCDEX

RECOMMENDATIONS CASTORSEED

NCDEX INDICES Index Value % Change

Castor Seed Chana Coriander Cotton Seed Oilcake Jeera Maize Feed/ Industrial grade Mustard seed Soy Bean BUY CASTORSEED FEB ABOVE 4480 TGTS 4510 / 4560 SL 4430 SELL CASTORSEED FEB BELOW 4350 TGTS 4320 / 4270 SL 4400 DHANIYA Sugar M Grade Turmeric

4387 3066 7753 1486 12542.5 1195 3505 3776 2806 6352

+3.98 +0.99 +4.00 +2.84 +0.10 +0.67 -0.68 -0.36 +0.11 +0.44

NCDEX ROUNDUP Coriander prices surged by 3.42% to Rs 7,710 per quintal in futures trading yesterday as speculators indulged in creating fresh positions at existing lower levels, driven by strong demand in the spot market. At the NCDEX, coriander for delivery in January surged by Rs 255, or 3.42% to Rs 7,710 per quintal with an open interest of 17,700 lots. Similarly, the spice for delivery in February shot up by Rs 249, or 3.15% to Rs 8150 per quintal in 17,800 lots. Fresh positions created by speculators driven by strong demand in the spot market demand against limited arrivals from producing belts, led to an upsurge in coriander prices at futures trade. Refined soya oil prices gained 0.34% to Rs 685.55 per 10 kg in futures trading yesterday after speculators created fresh positions, supported by a rise in demand in the spot market. At the NCDEX, refined soya oil for delivery in delivery in February rose by Rs 2.35, or 0.34% to Rs 685.55 per 10 kg with an open interest of 1,07,020 lots. Likewise, the oil for delivery in January traded higher by Rs 1.75, or 0.25% to Rs 694.70 per 10 kg in 57,130 lots. Speculators created fresh positions supported by a rise in demand in the spot markets helped refined soya oil prices to trade higher at futures Call us at +91-731-6642300

BUY DHANIYA JAN ABOVE 7805 TGTS 7835 / 7885 SL 7755 SELL DHANIYA JAN BELOW 7670 TGTS 7640 /7590 SL 7720

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DAILY REPORT
31st DECEMBER. 2013

CURRENCY

RBI Reference Rate

Currency Rate Currency Rate

Rupee- $ Euro USD/INR

62.0028 Yen-100 85.1855 GBP

58.8600 102.1682

CURRENCY ROUNDUP The Indian rupee remained weak due to dollar demand by oil importers. The rupee was trading at Rs 61.99 compared to previous close of Rs 61.85 per dollar. Currency rupee was seen trading in the range of Rs 61.80 to Rs 62.20 during the day. The Indian rupee stood at 62.02 against the US dollar during early trade on Monday. The rupee closed at 61.85 per dollar on Friday. The rupee today lost 17 paise to 62.02 against the dollar in early trade on the Interbank Foreign Exchange market due to month-end demand of the US currency from importers Forex dealers said dollar strengthening against other currencies in the global market also put pressure on the rupee but sustained rise in domestic equities capped the fall. The domestic currency had closed higher by 31 paise at 61.85 on Friday after a rally in local equities and fresh sales of the US currency by exporters. The dollar was little changed against the other major currencies in subdued trade on Monday, as risk appetite strengthened ahead of the year end, while demand for the greenback remains supported by the Federal Reserve's decision to taper stimulus. Trading volumes were thin as many investors already closed books before the end of the year, reducing liquidity in the market and increasing volatility, which helped exaggerate market moves. During European morning trade, EUR/USD edged up 0.07% to 1.3754. The euro remained mildly supported after European Central Bank Governing Council member Jens Weidmann on Friday said keeping interest rates low may endanger political reforms. The pound was steady against the dollar, with GBP/USD eased up 0.05% to 1.6486. Elsewhere, the greenback hit fresh five-year highs against the yen, with USD/JPY up 0.10% to 105.28 and was steady against the Swiss franc, with USD/CHF down 0.05% to 0.8911. The yen continued to weaken amid speculation the Bank of Japan will have to expand its stimulus program in the coming months in order to meet its target of 2% inflation by 2015.

USD/INR SELL BELOW 62.15 TGTS 61.99, 61.79 SL 62.51. USD/INR BUY ABOVE 62.59 TGTS 62.73, 62.99 SL 62.14 GBP/INR

SELL GBP/INR BELOW 102.38 TGTS 102.20,101.99 SL 102.78. BUY GBP/INR ABOVE 103.10 TGTS 103.29,103.51 SL 102.70.

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DAILY REPORT
31st DECEMBER. 2013

CALL REPORT
PERFORMANCE UPDATES

Date
30/12/13 30/12/13 30/12/13 30/12/13 30/12/13 30/12/13 30/12/13 30/12/13 30/12/13 30/12/13 30/12/13 30/12/13

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. FEB. FEB. JAN. JAN. JAN. JAN. JAN. JAN.

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

Entry Level
28650 28420 45250 44880 4230 4525 7500 7370 59.50 59.93 85.60 86.21

Target
28720-28820 28350-28250 45450-45750 44680-44580 4200-4150 4555-4595 7530-7580 7340-7290 59.37-59.18 60.10-60.27 85.45-85.25 86.36-86.53

Stop Loss
28550 28520 44900 45250 4280 4475 7450 7420 59.91 59.52 86.01 85.80

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

Date

Scrip

CASH/ FUTURE/ OPTION

FUTURE FUTURE FUTURE CASH FUTURE FUTURE FUTURE FUTURE FUTURE

Strategy

Entry Level

Target

Stop Loss

Remark

30/12/13 30/12/13 30/12/13 30/12/13 27/12/13 27/12/13 24/12/13 24/12/13 23/12/13

NIFTY PNB TCS KOTLE PATIL KTKBANK TATA STEEL DLF LICHOUSING RELIANCE

BUY BUY BUY BUY BUY BUY BUY BUY BUY

6300-6320 640-645 2160-2170 95 110-112 428 170-171 215-216 895-900

6350-6370 655-665 2190-2220 100-105 114-118 434-438 174-178 225-225 915-935

6250 630 2140 95 106 422 167 210 878

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

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DAILY REPORT
31st DECEMBER. 2013

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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