DAILY REPORT

11th OCTOBER. 2013

Global markets at a glance European shares rebounded on Thursday on signs of progress in Washington on ending the U.S. fiscal stalemate and averting a possible debt default. Japan's Nikkei share average gained 1.1 percent and hit a one-week high on Thursday, buoyed by hopes that U.S. politicians will resolve the fiscal standoff soon, lifting such exporters as Toyota Motor Corp and Honda Motor Co. The Nikkei closed up at 14,194.71 after touching 14,200.31, its highest since Oct. 3. After consecutive three day losses the US indices rebounded though it closed on a mixed note. The DJIA gained the most amongst the US indices by 0.18% while the S&P 500 added 0.06 %. However, NASDAQ declined by 0.46%. Wall Street Update The U.S. government is in its 10th day of a partial shutdown and has a week before the governments borrowing authority lapses on Oct. 17. House Republican and Senate Democratic leaders are open to a short-term increase in the $16.7 trillion debt limit. U.S. stock-index futures climbed, indicating the Standard & Poors 500 Index will rise for a second day, amid signs the nations lawmakers may agree on a compromise deal to avoid a debt default. Contracts on the Dow Jones Industrial Average increased 110 points, or 0.8%, to 14,838 yesterday. Previous day Roundup After a volatile session, the Nifty managed to hold 6000 till the end. The Nifty closed up 13.50 points at 6020.95 while Sensex was up 23.65 points at 20272.91. About 1404 shares have advanced, 1008 shares declined, and 152 shares are unchanged. Index stats Bank Nifty & Bankex both declined 0.45% & 0.39% respectively, the sectors which were in positive move in yesterdays session were; Consumer Durables [up 2.93pts], Capital Goods [up 14.99pts], AUTO [up 223.95pts], Healthcare [up 35.83pts], IT [up 36.25pts], Power [up 4.82pts], REALTY [up 3.96pts], TECK [up 13.62pts], PSU [up 18.50pts], Metals [up 43.02pts], except Oil & Gas [down 7.75pts], FMCG [down pts].

World Indices
Index DJl S&P 500 NASDAQ EURO STO FTSE 100 Nikkei 225 Hong Kong Value 15,126.07 1,692.56 3,760.75 2,969.41 6,430.49 14,381.11 23,219.22
CMP Change

% Change +2.18 +2.18 +2.26 +2.23 +1.46 +1.31 +1.17

% Chg

Top Gainers
Company

TATAMOTORS RANBAXY NMDC LUPIN GRASIM

373.85 393.15 131.35 939.00 2,760.80

CMP

19.65 12.65 4.20 24.50 55.90

Change

+5.55 +3.32 +3.30 +2.68 +2.07

% Chg

Top Losers
Company

TATAPOWER HINDALCO KOTAKBANK HINDUNILVR BAJAJ-AUTO

Symbol

83.50 116.75 707.10 601.15 2,122.00

Prev. Close

2.35 2.85 11.70 9.05 31.90

Change

-2.74 -2.38 -1.63 -1.48 -1.48

%Chg

Stocks at 52 Weeks high

AMARAJABAT HCL TECH IDEA IPCALAB LUPIN 310.45 1,118.50 183.60 731.00 939.00
Prev. Close

7.55 6.70 1.25 19.90 24.50

Change

-2.37 +0.60 +0.69 +2.80 +2.68

%Chg

Stocks at 52 Weeks Low

Symbol

FLFL GLOBOFFS

97.85 45.00
CMP

5.10 1.70
Change

-4.95 -3.64
% Chg

Indian Indices
Company NIFTY SENSEX

6,020.95 20,272.91

+13.50 +23.65

+0.22 +0.12

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DAILY REPORT
11th OCTOBER. 2013

EQUITY CASH & FUTURE

STOCK RECOMMENDATION [CASH] 1. NATCO PHARMA LTD

STOCK RECOMMENDATIONS [FUTURE] 1. HAVELLS

HAVELLS FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it continues to sustain above 705. We advise buying above 705 levels with strict stop loss of 690 for the targets of 720-745 levels. 2. TATA MOTORS

NATCO PHARMA LTD is looking strong on charts . We advise buying above 685 with strict stop loss of 660 for the targets of 910-935 levels. MACRO NEWS INFOSYS Q2 Result is to be announced today. August IIP Numbers will be declared today. INFLATION: CPI & WPI - Both sets of figures will be released late on Monday 14 October. The Fed announced that it wont release the September gauge of manufacturing, utility and mining output as scheduled on Oct. 17. Instead, it will delay the report until after the government reopens. Thursdays import price report, Fridays producer price index, the consumer price index scheduled for Oct. 16, and last weeks September jobs report have all been delayed. Alternative dates have not been set. The Commerce Department has also delayed all reports, including this weeks trade data. IMF -Cuts India's FY14 GDP growth forecast to 3.8 percent from 5.6 percent in July Govt. revisiting policy that allows infra developers to exit highway projects by divesting their entire stake, decision prompted by complaints about confusion over taxation issues that could arise such transactions.

TATA MOTORS FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it continues to sustain above 375. We advise buying around 370375 levels with strict stop loss of 360 for the targets of 390400 levels.

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DAILY REPORT
11th OCTOBER. 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 5,800 5,900 LTP Traded Volume (Contracts) 1,81,307 1,69,119 1,33,328 9,232 2,580 20,982 18,370 17,809 Traded Volume (Contracts) Open Interest 47,82,900 38,60,550 31,44,500 3,78,275 2,55625 13,40,500 8,17,125 7,87,625 Open Interest

NIFTY NIFTY NIFTY BANK NIFTY SBIN INFY INFY INFY Symbol

56.00 79.00

6,000 110.05 9,500 113.90 1,600 2,600 2,700 2,800 Strike Price 6,200 6,300 6,100 10,500 1,700 1,650 3,500 3,400 2,600 49.95 22.20 38.00 58.00 LTP

STOCKS IN NEWS Cairn, ONGC likely to hike Rajasthan production. Hero MotoCorp unveils 15 new products. IOB slashes interest rates by 2% on consumer durable loans. RPower appeals to CERC for tariff hike from Tilaiya UMPP. JSW crude steel production up by 37% in Q2. Rating downgrade of desalination plant may derail IVRCLs exit plan. NIFTY FUTURE

MOST ACTIVE CALL OPTION

NIFTY NIFTY NIFTY BANKNIFTY SBIN SBIN INFY INFY MCDOWELL

78.95 46.20 123.05 323.90 42.50 62.50 45.00 73.45 92.50

2,59,884 34,72,300 2,03,162 41,49,350 1,85,752 52,88,600 12,445 4,223 3,082 1,83,425 3,71,125 2,47,375

23,811 12,62,875 20,327 10,36,125 3,331 1,04,625

Nifty Future closed in the green in the last trading session. We advice buying on dips around 6000 with strict stop loss of 5950 for the targets of 6075-6095 levels.

FII DERIVATIVES STATISTICS

BUY SELL OPEN INTEREST AT THE END OF THE DAY Amount in Crores
12252.40 58419.41 27182.48 2207.23

No. of Amount in No. of Amount in No. of Contracts Crores Contracts Crores Contracts INDEX FUTURES INDEX OPTIONS STOCK FUTURES STOCK OPTIONS
80583 389743 52568 39955 2407.76 11578.15 1441.97 1265.52 64206 371869 58512 38809 1901.58 11019.66 1674.91 1225.86 413695 1949262 959183 75138

NET AMOUNT
506.19 558.49 -232.95 39.66

TOTAL

+871.39

INDICES
NIFTY NIFTYJUNIOR

S2
5957.41 11700.3

S1
5989.18 11754.6

PIVOT
6011.56 11793.9

R1
6043.33 11848.2

R2
6065.71 11887.5

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DAILY REPORT
11th OCTOBER. 2013

COMMODITY MCX
COMMODITY ROUNDUP Crude oil rose to USD 110 per barrel on Thursday as the kidnapping of Libya's prime minister delayed the prospect of a further recovery in production from the North African nation. The Energy Information Administration (EIA) reported that the US crude stockpiles rose 6.8 million barrels during the week ended October 4, surpassing analysts' expectation for a rise of 2.2 million barrels. Additionally, minutes from the latest FOMC meeting highlighted policymakers' willingness to start tapering the size of the central bank's stimulus package by the year end weighed on demand for oil in the previous session. Indian silver imports are on pace to hit a record high this year as the wedding and festival season drives up buying of the precious metal instead of the traditional gold, made scarcer and dearer by official measures aimed at cutting the trade gap. The fall in the yellow metal (Gold) prices is attributed to greenback gaining ground against major peers after minutes from the FOMC minutes showed that majority of the policymakers favored to start tapering the Fed's stimulus measures by the end of 2013. Further more, negative sentiment was also fuelled after an official report showed decline in purchase of gold and silver in Gold?s largest consumer India which amounted to $800 million in September compared with $4.6 billion a year earlier. Tracking a weak trend in the global market, India gold futures edged down on Thursday and was seen trading bearish. Depreciation of Indian Rupee (INR) against US Dollar (USD) may have limited further decline in MCX gold prices. INR was seen touching 61.97 against USD, a depreciation of 0.19% against USD as of 15.36 IST on Thursday. MCX

RECOMMENDATIONS SILVER

TRADING STRATEGY: BUY SILVER ABOVE 48950 TGTS 49250/49550 SL 47850 SELL SILVER BELOW 47750 TGTS 47450/47150 SL 48150 GOLD

TRADING STRATEGY: BUY GOLD ABOVE 29250TGTS 29350/29450 SL 29130 SELL GOLD BELOW 28700 TGTS 28600/ 228500 SL 28820

gold futures for December delivery was seen trading down by 0.47% at Rs.29166 per 10 grams as of 15.28 IST on Thursday.

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DAILY REPORT
11th OCTOBER. 2013

NCDEX
NCDEX INDICES Index Value % Change

RECOMMENDATIONS CASTORSEED

Barley Castor Seed Chana Chilli Coriander Cotton Seed Oilcake Jeera Mustard seed Ref Soya Oil Turmeric

1204 3600 2995 5880 6687 1522 12647.5 3528 709.1 4668

-0.45 +1.41 +0.10 +0.72 +4.00 +1.13 -1.00 -0.45 +1.51 -2.42

BUY CASTORSEED ABOVE 3670 TG 3700,3730 SL 3630 SELL CASTORSEED BELOW 3500 TG 3470, 3440 SL 3550

NCDEX ROUNDUP The rubber prices have dropped to Rs 167.50 per kg now. Though the price of the main raw material has come down it has not been reflected in the end product prices. India is literally out of the global pepper mart as it currently offers the highest price along with Indonesia. General shortfall in supply lead to the sharp increase in prices. Both India and Indonesia now offer US $7,450/tonne for ASTA grade pepper. Business is brisk only in Brazil since that country offers the lowest tags across the global markets. India is only likely to export about 1,000 tonnes in September which is also because gains reaped from dollar appreciation. According to leading exporters, exports from India were weak in the current financial year on higher prices, poop supply conditions and quality related issues. Coriander prices rose by 2.99% to Rs 6,814 per quintal in futures trade today as speculators enlarged their positions, supported by rising demand in the spot markets against restricted arrivals. At the National Commodity and Derivative Exchange, coriander for November delivery gained Rs 198, or 2.99%, to Rs 6,814 per quintal with an open interest of 20,420 lotsSimilarly, the spice for delivery in October traded higher by Rs 192, or 2.99%, to Rs 6,612 per quintal, with an open interest of 7,000 lots. Faced with liquidity crunch, the Fertilizer Ministry has sought additional Rs 35,000 crore funds towards subsidy payment to companies and also fears closure of two state-

DHANIYA

BUY DHANIYA ABOVE 6750 TG 6780,6810 SL 6710 SELL DHANIYA BELOW 6550 TG 6520,6490 SL 6590

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DAILY REPORT
11th OCTOBER. 2013

CURRENCY

RBI Reference Rate

Currency Rate Currency Rate

Rupee- $ Euro JPY/INR

62.1383 Yen-100 83.8725 GBP

63.5800 99.0236

CURRENCY ROUNDUP The Rupee gave a weaker opening today as well taking cues from dollar strength. The local currency weakened to 62.28 in early trade after opening at 62.19 today. In spite of encouraging trade data release, the Rupee has weakened taking cues from the Asian counter parts and developments on the US political standoff as DXY index surged to 80.59 levels. Also the government has disagreed with the International Monetary Fund (IMF)'s projection of India's economy with 4.25 per cent growth in 2013-14.

JPY/INR has closed @63.0725. If it breaks the level of 62.90, it can touch the level of 62.68 & 62.33. If it sustains above the level of 64.15, it can touch the level of 64.50 & 64.90. EUR/INR

The 17-nation currency broke its two day gaining session amid improvements on the US government stalemate and on FOMC minutes. Better data from the region was overshadowed by the US. The pair closed the session at 1.3518 levels while posting a intraday low of 1.3486. The Sterling lost steam against the greenback led by dismal data releases from the domestic economy. The pair ended the session on a negative note closing at 1.5955 while posting a three week low of 1.5916.The royal currency was hammered after the industrial production in the nation declined 1.5% (YoY) in August, defying market expectation for a 0.6% drop. The U.K. industrial production unexpectedly fell by the most in almost a year, casting doubt on the strength of the third-quarter recovery. The pair further declined after the nation's manufacturing production unexpectedly fell 0.2% (YoY) during August, compared to a 0.3% drop registered in the preceding month. Also, the NIESR GDP estimate of UK rose just 0.8% during the three month ended to September, compared to a 0.9% rise reported in the preceding three months.

EUR/INR has closed @83.4625. If it breaks level of 83.25, it can touch the level of 83.02 & 82.71. If it sustains above the level of 84.85 it can touch the level of 85.15 & 85.62.

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DAILY REPORT
11th OCTOBER. 2013

CALL REPORT
PERFORMANCE UPDATES

Date

Commodity/ Currency Pairs

Contract

Strategy

Entry Level

Target

Stop Loss

Remark

10/10/13 10/10/13 10/10/13 10/10/13 10/10/13 10/10/13 10/10/13 10/10/13 10/10/13 10/10/13 10/10/13 10/10/13
Date

MCX GOLD MCX GOLD MCX SILVER MCX SILVER NCDEX CASTOR SEED NCDEX CASTOR SEED NCDEX DHANIYA NCDEX DHANIYA GBP/INR EUR/INR GBP/INR EUR/INR
Scrip

OCT. DEC. OCT. DEC. OCT. OCT. OCT. OCT. OCT. OCT. OCT. OCT.
CASH/ FUTURE/

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

29450 29050 49550 48800 3500 3600 6485 6385 98.95 83.85 100.95 85.00
Entry Level

29550-29650 28950-28850 49850-50150 48500-48200 3470-3440 3630-3660 6515-6545 6355-6325 98.78-98.40 83.60-83.02 101.45-101.85 85.35-85.62
Target

29330 29150 49150 49200 3550 3560 6445 6425

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

Stop Loss

10/10/13 10/10/13 10/10/13 10/10/13 09/10/13

TIME (ET)

NIFTY RCOM ICICIBANK REPRO INDIA AXIS BANK

FUTURE FUTURE FUTURE CASH FUTURE

BUY BUY BUY BUY SELL

59806000 154-155 950-960 148 10801070

ACTUAL

6075-6095 157-159 980-990 152-158 1050-1025

5950 152 920 141 1100

BOOKED PROFIT SL TRIGGERED CALL OPEN BOOKED PROFIT CALL OPEN

US ECONOMIC REPORT
REPORT PERIOD CONSENSUS FORECAST PREVIOUS

FRIDAY, OCT. 11 8:30 am 8:30 am 8:30 am 8:30 am 9:55 am 10 am Retail sales* Retail sales ex-autos* Producer price index* Core PPI* UMich consumer sentiment index Business inventories* Sept. Sept. Sept Sept. Oct. Aug. 0.2% 0.4% 0.2% 0.1% 78.2 0.3% 0.2% 0.1% 0.3% 0.0% 77.5 0.4%

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