DAILY REPORT

28st JANUARY. 2014

Global markets at a glance Asian equity markets stabilized on Tuesday following two straight sessions of sharp losses but caution prevailed ahead of a Federal Reserve meeting and turmoil in emerging markets. China's Shanghai Composite rose 0.25 percent or 5.16 points at 2,038.46. Hong Kong's Hang Seng was down 0.10 percent or 22.82 points at 21,953.28. Japan's Nikkei gained 0.22 percent or 33.01 points at 15,038.74. Singapore's Straits Times was flat at 3,039.74 while South Korea's Seoul Composite was up 0.15 percent or 2.89 points at 1,913.23. The pan-European FTSEurofirst 300 index closed down by 0.8 percent at 1,290.62 points, its lowest level in more than a month. The euro zone's blue-chip Euro STOXX 50 index fell 0.5 percent to 3,014.62 points. Wall Street Update U.S. stocks extended recent losses on Monday, with the S&P 500 falling for a third straight session as concern grew about the Federal Reserve's plans for withdrawing stimulus. The losses, which picked up late in the session after the S&P 500 briefly traded in positive territory, followed a steep selloff late last week tied to emerging market concerns. The slide gave the S&P 500 its worst weekly percentage loss since June 2012 Previous day Roundup It was a dismal trading day at the Dalal Street as market was butchered on weak global cues, ahead of RBI policy scheduled on January 28. The Sensex lost 426.11 points or 2 percent at 20707.45, and the Nifty fell 130.90 points or 2.09 percent to end at 6135.85. About 632 shares advanced, 1933 shares declined, and 193 shares were unchanged. Index stats The Market was very down in yesterday session where Bank and Bank Nifty both closed almost flat (down-3.97% and down-4.02% . respectively). Among the sartorial indices the sectors which were down are;], Capital Good [down-259.87 pts], Consumer Durables [down-106.17 pts], .Healthcare [down-91.65 pts], FMCG [down-11.82pts] AUTO [down 397.76 pts], PSU [down154.71 pts], TECK [down-60.69pts], Oil & Gas [down--205.20pts], Metals [down365.89pts], , IT [down 60.82pts Realty [down 89.11.ts], Power [down 47.15 pts].

World Indices
Index DJl S&P 500 NASDAQ EURO STO FTSE 100 Nikkei 225 Hong Kong Value 15837.88 1781.56 4083.61 3,014.62 6,550.66 15,020.52 21,997.83
CMP Change

% Change -0.28 -0.49 -1.00 -0.45 -1.70 +0.10 +0.10

% Chg

Top Gainers
Company

HINDUNILVR HCLTECH CIPLA ITC ULTRACEMCO

580.15 1424.95 418.00 324.70 1700.00

CMP

14.35 13.10 3.60 0.45 0.25

Change

2.54 0.93 0.87 0.14 0.01

% Chg

Top Losers
Company

JPASSOCIAT DLF RANBAXY TATAMOTORS TATASTEEL

40.25 139.80 308.00 348.35 353.70

Prev. Close

-6.45 -13.25 -28.35 -22.05 -22.30

Change

-13.81 -8.66 -8.43 -5.95 -5.93

%Chg

Stocks at 52 Weeks high

Symbol

ALPHAGEO FIEMIND HINDCOMPOS TORNTPHARM SAKSOFT

79.80 356.15 420 537.15 82.80

Prev. Close

3.95 8.15 5.00 12.85 4.10

Change

4.95 2.29 1.19 2.39 4.95

%Chg

Stocks at 52 Weeks Low

Symbol

BEL EXIDEIND

972.00 103.00
CMP

-25.00 -2.90
Change

-2.57 -2.82
% Chg

Indian Indices
Company NIFTY SENSEX

6135.85 20707.45

-130.90 -426.11

-2.09 -2.02

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DAILY REPORT
28st JANUARY. 2014

EQUITY CASH & FUTURE

STOCK RECOMMENDATIONS [FUTURE] 1. GLENMARK

STOCK RECOMMENDATION [CASH] 1. HINDUSTAN UNILEVER

GLENMARK FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sustains above 550 levels. We advise buying above 550 levels with strict stop loss 540 for the targets of 560-575 levels. 2. ADANI POWER

HINDUSTAN UNILEVER is looking strong on charts. We advice buying around 575-570 levels with strict stop loss of 560 for the targets of 580-585 levels.

ADANI POWER FUTURE is looking weak on charts, short build up has been seen, we may see more downside, if it sustains below 34 levels. We advise selling around 33.5034.00 levels with strict stop loss 35 for the targets of 32.5031.50 levels.

MACRO NEWS RBI Credit Policy is going to be announced today at 11 am. Hindustan Unilevers net profit increased to Rs 1,062.3 cr. from Rs 871.4 cr. Revenue grew 9.4% to Rs 7,038 cr. in the quarter ended Sept 2013 from Rs 6,433.7 cr. in a year ago period, which was slightly lower-than-forecast. Allahabad Bank reported 4.8% growth in net profit and 0.6% growth in net interest income YoY, but asset quality worsened in the quarter ended Dec 2013. Net profit of the bank increased to Rs 326 cr. from Rs 311 cr. and net interest income rose to Rs 1,337.6 cr. from Rs 1,330.2 cr. The EGoM on telecom met yesterday n approved a spectrum usage charge (SUC) of 5% of the annual gross revenue for all new spectrum acquired in the auction. Ajanta Pharma posted 91.64% rise in its net profit at Rs 62.42cr. for third quarter ended Dec. 31, 2013, for robust sales in the domestic and emerging markets. SBI board to mull raising Rs 10,000 crore via qualified institutional placement (QIP) on January 31. Cadila Healthcare decides to exit business in Japan.

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DAILY REPORT
28st JANUARY. 2014

FUTURE & OPTION

MOST ACTIVE PUT OPTION

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

NIFTY NIFTY BANKNIFTY SBIN TCS INFY AXISBANK SBIN

Symbol

PE PE PE PE PE PE PE PE
Option Type

6,200 6,100 1,600 2,200 3,700 1,150 1,550

Strike Price

72.90 29.20 23.3 6.05 12.1 15.4 7.85

LTP

6,78,349 39,33,000 5,96,476 45,37,.100 49,809 6,455 3,917 3,610 3,475 3,367
Traded Volume (Contracts)

10,500 129.00

2,16,550 3,13,875 6,05,500 5,75,625 2,87,500 1,53,125

Open Interest

STOCKS IN NEWS Oil ministry seeks cabinet nod for open licensing policy with Nelp. Results Today: Maruti Suzuki , NTPC , Jindal Steel & Power , JSW Steel , Sesa Sterlite , Ipca Labs , Jyothy Labs, OnMobile Global , Pidilite Industries , PTC India Financial, Shalimar Paints , Binani Industries , FACT , GIC Housing, Tinplate Company, Titagarh Wagon, Transformers Rectifiers, Transport Corporation of India, Walchandnagar , XPRO India NIFTY FUTURE

MOST ACTIVE CALL OPTION

NIFTY NIFTY BANKNIFTY BANKNIFTY SBIN RELIANCE TCS AXISBANK

CE CE CE CE

6,300 6,400 11,000 11,800 1,650 860 2,300 1,200 BUY

28 6.4 26.95 66 10 4.55 5.8 6.2

5,72,490 47,28,550 4,05,884 55,83,600 48,174 28,287 7,629 5,409 5,100 4,129 4,45,725 1,50,575 8,89,250 Nifty Future closed in the red in the last trading session. We advise selling below 6140 levels with strict stop loss 5,42,375 of 6180 for the targets of 6100-6060 levels. 6,71,250 5,72,750 SELL OPEN INTEREST AT THE END OF THE DAY Amount in Crores
15940.11 43613.74 34054.91 3438.79

CE CE CE
CE

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
173581 623947 384996 53496 5314.91 18780.73 11878.95 1582.85 191559 568301 402508 53644 5882.74 17132.39 12458.13 1597.13 525546 1434882 1126542 108856

NET AMOUNT
-567.83 1648.34 -579.19 -14.28

TOTAL

448.05

INDICES
NIFTY NIFTYJUNIOR BANK NIFTY YOUR MINTVISORY

S2
6093.25 11719.48 10339.79

S1
6114.55 11815.26 10440.09

PIVOT
6151.55 11990.33 10621.2

R1
6172.85 12086.11 10721.49

R2
6209.85 12261.18 10902.59

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DAILY REPORT
28st JANUARY. 2014

COMMODITY MCX
COMMODITY ROUNDUP The restrictions on gold imports will be reviewed by March end, Finance Minister said yesterday. MCX Gold futures stayed supported after recent gains though some moderation emerged following a mini spell of profit selling in European markets today. The COMEX Gold futures came off highs near $1280 per ounce amid a hectic bout of volatility and currently trade at $1263.90, down 40 cents per ounce. MCX Gold futures are trading at Rs 29699, up Rs 180 per 10 grams on the day or 0.61%. Prices had hit highs above Rs 29800 in intraday moves. Investors are likely to eye the outcome of the Federal Reserve's monthly meeting will be in focus amid expectations for a reduction to USD65 billion from the current USD75 billion in the bank's stimulus program. The meeting due on Wednesday will mark the last for outgoing Fed Chairman Ben Bernanke, as current Vice Chair Janet Yellen prepares to take over.

RECOMMENDATIONS SILVER

TRADING STRATEGY: BUY SILVER ABOVE 45520 TGTS 45720/46020 SL 45180 SELL SILVER BELOW 44900 TGTS 44700/44400 SL 45260 GOLD

Natural-gas futures jumped to their highest level in last four years amid worries that extremely cold weather in the US would persist. The traders sidelined the havoc in broad financial markets following emerging market growth worries and helped the Natural gas futures surge to $5.40 per million British thermal units. The counter is quoting at $5.036, up 0.76% on the day now. MCX Natural gas is trading at Rs 332.50, up more than 4%. The commodity has been on a tear in last few weeks. Prices jumped last week as a major winter storm hit much of the Northeastern US. Falling US natural gas supplies also boosted the prices. The US Energy Information Administration reported Thursday that natural-gas supplies dropped 107 billion cubic feet for the week ended Jan. 17. In a move that may be construed as an attempt to appease the domestic steel industry ahead of the general elections, the finance ministry on Monday imposed a five per cent export duty on iron ore pellets. Considering the increase in the average speed of packing machines. Oil prices edged higher in Asian trade today as a surprisingly sharp decline in US distillate supplies last week buoyed forecasts of stronger demand in the world's top crude consumer. New York's main contract WTI for March delivery, was up 19 cents at $97.51 in mid-morning trade while Brent North Sea crude for March rose 11 cents at $107.69.

TRADING STRATEGY: BUY GOLD ABOVE 29850 TGTS 29930/30030 SL 29730 SELL GOLD BELOW 29650 TGTS 29570/29470 SL 29760

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DAILY REPORT
28st JANUARY. 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 BUY CASTORSEED FEB ABOVE 4190 TGTS 4220,4270 SL 4140 SELL CASTORSEED FEB BELOW 4125 TGTS 4095,4045 SL 4175 DHANIYA Turmeric

4146 3010 8302 1550 12442.5 1197 3380 3877 7016

1.74 -0.17 2.87 0.32 -0.94 -0.42 -0.91 0.38 0.75

NCDEX ROUNDUP Turmeric futures bounced back from the prior two session's losses on bargain buying amid strong fundamentals. The NCDEX turmeric April delivery ended the day at Rs 7016, up Rs 52 or 0.75% from last close. Good buying emerged in Turmeric. Stockiest are currently active in Turmeric markets. Nizamabad has seen some new crop arrivals and such arrivals are expected to increase in coming days though the difference between spot and futures is leading to a hectic activity. Spot prices are lingering at Rs 6126, up Rs 40 per quintal on the day. The market sources suggested that the total production of turmeric in the current year is estimated at 52 lakh bags against 70 lakh bags that were estimated in the last year. Jeera futures fell further on higher crop estimations. The NCDEX Jeera March delivery ended the day at Rs 12,442, down Rs 117.50 or 0.94%. As per the latest data release by Gujarat Agriculture Board , the total sowing acreage of Jeera in the state has been increased by 1.05 lakh hectares from the last year to reach 4.54 lakh hectares due to favorable weather conditions and strong export demand in local mandies. Traders estimated that the total production of the Jeera is likely to increase by 10 lakh bags to reach around 46 lakh bags in the current year Call us at +91-731-6642300

BUY DHANIYA FEB ABOVE 8430 TGTS 8460,8510 SL 8380 SELL DHANIYA FEB BELOW 8270 TGTS 8240,8190 SL 8320

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DAILY REPORT
28st JANUARY. 2014

CURRENCY

RBI Reference Rate

Currency Rate Currency Rate

Rupee- $ Euro JPY/INR

62.7141 Yen-100 85.8228 GBP CURRENCY ROUNDUP

61.2100 103.5040

The Indian rupee fell for a third consecutive session on Monday to its lowest against the dollar since mid-November as a broad emerging market sell-off raised worries foreign investors would pare down their domestic stock and bond holdings The Reserve Bank of India's policy review on Tuesday also kept investors cautious. Although the central bank is expected to keep interest rates on hold, the tone of the statement is being closely eyed, raising expectations of tighter monetary policy this year. Although rate hikes would normally benefit currencies by increasing domestic yields, investors also worry that confidence in an already slowing economy would be further hit. Foreign institutional investors sold shares worth $31.45 million on Friday, but are net buyers of $532 million so far this year, still just a fraction of the more than $20 billion inflows seen in 2013. "Until the policy review decision,63.25 should hold the top for the pair. The partially convertible rupee closed at 63.10/11 per dollar compared with 62.66/67 on Friday, after falling to 63.32 earlier, its lowest since Nov. 14.The rupee was seen further pressured by month-end import payment related purchases of dollars by oil firms. Unlike on Friday, when the central bank was suspected to have stepped in to sell dollars, no consensus emerged as to whether the RBI had intervened on Monday. Almost all emerging Asian currencies tumbled on Monday on the back of the global sell-off of riskier assets. Indian shares slumped more than 2 percent, their biggest daily fall since Sept. 3, tracking a regional selloff as the U.S. Federal Reserve is poised to continue tapering stimulus and tighter credit conditions in China are raising fears of a sharper economic slowdown. In the offshore non-deliverable forwards, the one-month contract was at 63.72 while the threemonth was at 64.62.

BUY JPY/INR ABOVE 61.72 TGTS 61.86,62.00 SL 61.44. SELL JPY/INR BELOW 61.03 TGTS 60.90,60.74 SL 61.32. USD/INR

BUY USD/INR ABOVE 63.35 TGTS 63.47, 63.61 SL 63.06. SELL USD/INR BELOW 62.81 TGTS 62.68, 62.53 SL 62.10.

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DAILY REPORT
28st JANUARY. 2014

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 EUR/INR EUR/INR

Contract

Strategy

Entry Level

Target

Stop Loss

Remark

27/01/14 27/01/14 27/01/14 27/01/14 27/01/14 27/01/14 27/01/14 27/01/14 27/01/14 27/01/14 27/01/14 27/01/14

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

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

29650 29400 45000 44500 4130 4030 8590 8480 62.20 62.83 85.20 85.92

29730-29830 29320-29220 45200-45500 44300-44000 4160-4210 4000-3950 8620-8670 8450-8400 62.05-61.91 62.95-63.07 85.06-84.89 86.07-86.22

29550 29500 44750 45750 4080 4080 8540 8530 62.49 62.54 85.50 85.62

BOOKED FULL PROFIT NOT EXECUTED BOOKED FULL PROFIT NOT EXECUTED BOOKED PROFIT NOT EXECUTED NOT EXECUTED BOOKED FULL PROFIT NOT EXECUTED BOOKED FULL PROFIT NOT EXECUTED BOOKED FULL PROFIT

Date

Scrip

Strategy

Entry Level

Target

Stop Loss

Remark

27/01/14 27/01/14 27/01/14 27/01/14 24/01/14 21/01/14 20/01/14 17/01/14

NIFTY PNB UPL RANBAXY AXIS BANK RELIANCE MEDIAWORK BJAAJ AUTO GITANJALI

SELL SELL SELL SELL BUY BUY BUY BUY

6270-6250 585-590 200 332 1200 55 1950 70

6210-6160 570-560 196-192 322-312 1250-1280 59-62 1900-2040 75-85

6310 605 204 342 1160 51 1890 65

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

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DAILY REPORT
28st JANUARY. 2014

ECONOMIC CALENDAR

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

MONDAY, JAN. 27
10 am New home sales Dec. TUESDAY, JAN. 28 8:30 am 10 am Durable good orders Consumer confidence index Dec. Jan. WEDNESDAY, JAN,29 NONE SCHEDULED THURSDAY, JAN. 30 8:30 am 8:30 am Weekly jobless claims GDP 1/25 1Q FRIDAY ,JAN 31 8:30 am 8:30 am 8:30 am 9:45 am 9:55 am Employment cost index Personal income Consumer spending Chicago PMI UMich consumer sentiment index 1Q Dec. Dec. Jan. Jan. Disclaimer
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469,000

464,000

1.5% 77.9

3.4% 78.1

N/A 3.0%

N/A 4.1%

0.5% 0.2% 0.2% 61.2 83.0

0.4% 0.2% 0.5% 60.8 82.5

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