DAILY REPORT

22st JANUARY. 2013

Global markets at a glance Asian share markets struggled for inspiration on Wednesday, 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 AsiaPacific shares outside Japan .. 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 . Wall Street Update U.S. stocks mostly rose on Tuesday, with the S&P 500 snapping a two-session decline as the materials sector rallied, 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 [down– 33.41pts]. 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],

World Indices
Index DJl S&P 500 NASDAQ EURO STO FTSE 100 Nikkei 225 Hong Kong Value 16414.44 1843.80 4225.76 3153.08 6834.26 15801.14 23056.10
CMP Change

% Change -0.27 +0.28 +0.67 -0.00 -0.04 +0.03 +0.10
% Chg

Top Gainers
Company

ICICIBANK TATASTEEL TATAMOTORS JPASSOCIAT AXISBANK

1079.65 386.00 384.25 48.45 1188.80
CMP

35.65 11.45 9.35 1.10 25.60
Change

3.41 3.06 2.49 2.32 2.20
% Chg

Top Losers
Company

Stocks at 52 Week’s high
Symbol

KOTAKBANK BHEL COALINDIA TCS ASIANPAINT

705.30 169.65 262.65 2285.25 479.50

-22.85 -4.25 -6.50 -52.95 -10.50
Change

-3.14 -2.44 -2.41 -2.26 -2.14
%Chg

Prev. Close

AUROPHARMA HCLTECH INFY DIVISLAB INFOTECENT

410.50 1430.60 3749.30 1296.30 356.90

23.50 12.40 8.70 4.70 24.30

5.72 0.87 0.23 0.36 6.81

Stocks at 52 Week’s Low
Symbol Prev. Close Change %Chg

--

Indian Indices
Company NIFTY SENSEX CMP Change % Chg

6313.80 21251.12

9.85 46.07

0.16 0.22

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DAILY REPORT
22st JANUARY. 2013

EQUITY CASH & FUTURE

STOCK RECOMMENDATIONS [FUTURE] 1. BIOCON FUTURE

STOCK RECOMMENDATION [CASH] 1. VAIBHAV GLOBAL

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

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 improve to 5.4 percent in 2014-15, the International Monetary 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 Consultants,
 TRAI Chairman Rahul Khullar yesterday held discussions

with heads of telecom companies on spectrum trading and said the regulator is likely to release detailed recommendations on the matter before inter-ministerial panel meeting on January 25. 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.
 :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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22st JANUARY. 2013

FUTURE & OPTION

MOST ACTIVE PUT OPTION
Symbol Option Type PE PE PE PE PE PE PE Option Type CE CE CE CE CE CE CE CE CE Strike Price LTP Traded Volume (Contracts) Open Interest

NIFTY NIFTY BANKNIFTY BANKNIFTY TCS TCS INFY
Symbol

6,300 6,200 11,000 10,800 2,300 2,250 3,700
Strike Price

40.5 15.15 72.75 31 37.5 15.7 18.35 23
LTP

3,57,151 54,37,600 2,94,137 66,17,450 23,934 15,402 6,216 4,898 4,575 4,505
Traded Volume (Contracts)

2,45,225 1,68,525 2,52,000 4,40,500 7,44,500 3,30,625
Open Interest

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

PE OPTION SBIN ACTIVE CALL 1,650 MOST

NIFTY NIFTY BANKNIFTY BANKNIFTY SBIN TCS TCS SBIN
TCS

6,400 6,300 11,200 11,500 1,700 2,350 2,300 1,650
2,200

23.4 67.9 148.2 51.9 16.4 14 29.1 36
58.60

3,67,701 47,40,750 3,25,308 48,02,650 29,177 28,843 9,930 5,812 5,737 5,617
1,357

2,73,275 4,01,675 7,43,000 Nifty Future closed in the green in the last trading ses3,69,250 sion. We advise buying around 6290-6300 levels with 2,83,250 strict stop loss of 6270 for the targets of 6340-6370 lev7,07,500 els.
1,70,000

FII DERIVATIVES STATISTICS

BUY

SELL

OPEN INTEREST AT THE END OF THE DAY Amount in Crores
14141.69 40064.95 33801.76 3263.33

No. of Amount in No. of Amount in No. of Contracts Crores Contracts Crores Contracts INDEX FUTURES INDEX OPTIONS STOCK FUTURES STOCK OPTIONS
58587 391476 69802 52687 1814.63 12065.71 2259.78 1614.55 61820 406282 63674 55254 1915.78 12508.91 2029.28 1686.61 452884 1280862 1070597 99756

NET AMOUNT
-101.15 -443.20 230.50 -72.06

TOTAL

-385.91

INDICES
NIFTY NIFTYJUNIOR BANK NIFTY YOUR MINTVISORY

S2
6220.81 12270.84 10822.53

S1
6262.38 12371.05 10915.01

PIVOT
6284.91 12426.25 10968.73

R1
6326.48 12526.45 11061.21

R2
6349.01 12581.65 11114.93

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DAILY REPORT
22st JANUARY. 2013

COMMODITY MCX
COMMODITY ROUNDUP MCX Copper futures continue to witness a very thin movement. 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 central 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 trading down on the back of Chinese economy growth slowing to 7.7% in the fourth quarter, slower than the 7.8% recorded 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 organization said during the three months to January 2014, domestic orders rose, uncertainty about demand fell and investment intentions for the year ahead picked up.

RECOMMENDATIONS SILVER

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

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

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DAILY REPORT
22st JANUARY. 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 Turmeric
BUY CASTORSEED FEB ABOVE 4385 TGTS 4415,4465 SL 4335 SELL CASTORSEED FEB BELOW 4315 TGTS 4285,4235 SL 4365

4335 3047 8436 1571 12750 1216 3415 3754 6760

0.00 -0.59 3.99 0.00 -0.06 -0.08 -0.12 0.16 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 imports. 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 manufacturing and GDP growth data which points a negative picture 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 increased 5.6 percent to 200,815 tons, the largest since October 2004, exchange data showed on Jan. 17. It was the seventh straight week of gain.

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

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 futures declined by 1.50% . Call us at +91-731-6642300

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DAILY REPORT
22st JANUARY. 2013

CURRENCY

RBI Reference Rate
Currency Rate Currency Rate

Rupee- $ Euro EUR/INR

61.5355 Yen-100 83.3750 GBP

58.8700 101.0844

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 closing 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 greenback 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 Reserve 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 remain 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 billion 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 currency.

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

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.

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DAILY REPORT
22st JANUARY. 2013

CALL REPORT
PERFORMANCE UPDATES

Date

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

Contract

Strategy

Entry Level

Target

Stop Loss

Remark

21/01/14 21/01/14 21/01/14 21/01/14 21/01/14 21/01/14 21/01/14 21/01/14 21/01/14 21/01/14 21/01/14 21/01/14

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

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

29350 29250 45300 44950 4380 4315 8190 8090 61.82 61.47 101.61 101.05

29430-29530 29170-29070 45500-45800 44750-44450 4410-4460 4285-4235 8220-8270 8070-8020 61.95-62.09 61.34-61.18 101.75-101.90 100.92-100.76

29250 29350 44950 45300 4330 4365 8140 8140 61.52 61.77 101.26 101.46

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

Date

Scrip

Strategy

Entry Level

Target

Stop Loss

Remark

21/01/14 21/01/14 21/01/14 21/01/14 20/01/14 20/01/14 17/01/14

NIFTY ITC RCOM RELIANCE MEDIAWORK NIFTY BJAAJ AUTO GITANJALI

BUY BUY BUY BUY SELL BUY BUY

6290 332 130 55 6290 1950 70

6340-6370 337-339 134-135 59-62 6240-6200 1900-2040 75-85

6270 327 127 51 6350 1890 65

NOT EXECUTED CALL OPEN BOOKED FULL PROFIT CALL OPEN CALL OPEN CALL OPEN CALL OPEN

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DAILY REPORT
22st JANUARY. 2013

ECONOMIC CALENDAR

NEXT WEEK'S U.S. ECONOMIC REPORTS TIME (ET) REPORT PERIOD 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 9 AM 9 AM 10 AM 10 AM WEEKLY JOBLESS CLAIMS MARKIT "FLASH" PMI FHFA HOME PRICES EXISTING HOME SALES LEADING INDICATORS 1/18 JAN. NOV. DEC. DEC. FRIDAY, JAN. 24 NONE SCHEDULED Disclaimer
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ACTUAL

CONSENSUS FORECAST

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N/A --4.95 MLN --

N/A 55.0 8.2% Y-O-Y 4.90 MLN 0.8%

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