DAILY REPORT

28th OCTOBER. 2013

Global markets at a glance World equity indexes were near five-year highs on Friday as major U.S. technology companies propelled Wall Street to another day of gains, sending the S&P 500 index to close at a record. The Dow Jones industrial average was up 61.07 points, or 0.39 percent, at 15,570.28. The Standard & Poor's 500 Index ended up 7.7 points, or 0.44 percent, at 1,759.77, and hit an intraday record high of 1,759.82 late in the session. The Nasdaq Composite Index was up 14.40 points, or 0.37 percent, at 3,943.36. European equities ended slightly lower on Friday, with Telecom Italia leading the telecoms sector down on concerns of a capital hike by the Italian company and Volvo hurting industrials after reporting a sharp drop in profits. The pan-European FTSEurofirst 300 index closed 0.15 percent lower at 1,284.76 points Wall Street Update US stocks rose Friday, The S&P 500 ended at another record high on Friday, boosted by gains in technology shares after strong results from Microsoft and Amazon.com. and also by the expectations of continued loose monetary policy when the Federal Reserve meets next week. Previous day Roundup Indian shares fell on Friday as blue chips were hit by profittaking. Benchmark indices continued to struggle for direction. The sluggish trend in global markets too added to the cautious mood. The Sensex closed at 20683.52, down 41.91 points over its previous close while the Nifty fell 19.45 points to 6144.90. Index stats Bank Nifty & Bankex both declined 0.05% & 0.12% respectively, IT [up 128.18pts] & TECK [up 46.27pts] were the only sectors which were in positive move in yesterdays session rest all sectors went down; Consumer Durables [down 145.53pts], Capital Goods [down 145.53pts], AUTO [down 141.45pts], Oil & Gas [down 42.83pts], Healthcare [down 77.38pts], FMCG [down 64.10pts], Power [down 7.62pts] PSU [down 30.37pts], Metals [down 110.86pts], REALTY [down 30.78pts].

World Indices
Index DJl S&P 500 NASDAQ EURO STO FTSE 100 Nikkei 225 Hong Kong Value 15,570.28 1,759.77 3,943.36 3,034.50 6,721.34 14,088.19 22,698.34
CMP Change

% Change +0.39 +0.44 +0.37 -0.15 +0.12 -2.75 -0.60

% Chg

Top Gainers
Company

TCS HCLTECH WIPRO NTPC SSLT

2,065.00 1,080.80 482.00 145.50 201.45

CMP

56.30 26.15 11.15 2.20 2.65

Change

+2.80 +2.48 +2.37 +1.54 +1.33

% Chg

Top Losers
Company

Stocks at 52 Weeks high

Symbol

HINDALCO DLF NMDC CAIRN TATASTEEL

108.90 151.60 134.80 313.25 321.85

5.65 7.70 5.15 11.45 10.30

Change

-4.93 -4.83 -3.68 -3.53 -3.10

%Chg

Prev. Close

APLLTD DABUR DENSO GALLISPAT JUSTDIAL

Symbol

179.35 182.50 142.30 344.90 1,017.00

Prev. Close

0.05 5.85 0.25 16.40 41.65

Change

+0.03 +3.31 +0.18 +4.99 -3.93

%Chg

Stocks at 52 Weeks Low

COX&KINGS ERAINFRA 87.50 48.60
CMP

0.10 2.40
Change

+0.11 -4.94
% Chg

Indian Indices
Company NIFTY SENSEX

6,144.90 20,683.62

-19.45 -41.91

-0.32 -0.20

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DAILY REPORT
28th OCTOBER. 2013

EQUITY CASH & FUTURE

STOCK RECOMMENDATIONS [FUTURE] 1. R COM

STOCK RECOMMENDATION [CASH] 1. SHAKTI PUMPS

RCOM FUTURE is looking weak on charts, short build up has been seen, we may see more downside, if it continues to sustain below 145. We advise selling below 145 levels with strict stop loss of 148 for the targets of 142 -140 levels. 2. HINDALCO

SHAKTI PUMPS is looking strong on charts . We advise buying above 61 with strict stop loss of 58 for the targets of 6468 levels. MACRO NEWS ICICI Bank beats estimates with Q2(July-Sept) net profit rising 20.2% YoY to Rs 2,352cr. on higher NII and fee income while asset quality also improved. ITC reported higher-than-expected 21.5% growth in its net profit of Rs 2,230 cr. in three months period. TVS Motor impressed with Q2net profit rising 97% higher-than-expected on YoY basis to Rs 89cr. on exceptional gain and strong sales. Total income rose YoY to Rs 1,988 cr. in three months period. Essar Oil blamed the massive fall in the benchmark margins for the Rs 71 cr. net loss in the Sep. quarter. The company had posted a net profit of Rs 105 crore in the same period a year ago. Higher diesel exports due to tepid domestic demand crimped its margins. The RBI will likely raise its lending rate further on Tuesday, cementing its inflation-fighting credentials Deutsche Bank raises Sensex target to 22,000. JSW Energy quarterly profit slides to Rs 162 crore . Adani Ports Q2 net up 24% at Rs 342 cr.& Adani Power reports widened Q2 net loss of Rs 1,072 cr.
Results Today: Maruti Suzuki, Ajanta Pharma, Bharti Infratel, Blue Star, Dabur India, Syndicate bank, Hikal, Jindal Stainles, VIP Industries, Sundaram Fin, SRF.

HINDALCO FUTURE is looking weak on charts, short build up has been seen, we may see more downside, if it continues to sustain below 109. We advise selling below 109 levels with strict stop loss of 111 for the targets of 107 -105 levels.

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DAILY REPORT
28th 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 6,100 6,000 6,200 10,500 1,700 1,000 880 340 Strike Price 6,200 6,300 6,100 11,000 1,750 1,060 900 350 3,400 LTP Traded Volume (Contracts) 6,24,557 3,28,964 3,28,721 15,479 5,338 9,608 2,649 2,049 Traded Volume (Contracts) 6,39,822 4,15,273 2,57,369 33,735 6,734 6,593 4,833 3,448 3,376 Open Interest 56,08,300 64,13,600 26,16,300 2,13,775 2,05,250 3,58,000 3,89,000 10,38,000 Open Interest 57,20,600 60,05,100 28,04,350 3,33,300 3,57,250 3,67,500 11,58,750 15,34,000 9,23,000

NIFTY NIFTY NIFTY BANK NIFTY SBIN ICICBANK RELIANCE ITC Symbol

36.15 13.75 84.00 45.00 23.15 9.70 7.85 7.20 LTP

STOCKS IN NEWS SKS Promoter entity plans to move Company Law Board against SKS Microfinance. Federal Bank gets FIPB nod to raise foreign shareholding. Indian Overseas Bank receives Rs 1,200 crore from government for capital requirement. Assam government okays ONGC's Rs 7,800-crore investment plan. Apollo Hospitals' Prathap Reddy to raise Rs 550 crore from KKR NIFTY FUTURE

MOST ACTIVE CALL OPTION

NIFTY NIFTY NIFTY BANKNIFTY SBIN ICICIBANK RELIANCE ITC INFY

28.50 7.65 77.95 130.00 19.10 7.40 5.85 1.55 15.85

Nifty Future closed in the red in the last trading session. We advise selling around 6200-6230 with strict stop loss of 6250 for the targets of 6170-6140 levels.

FII DERIVATIVES STATISTICS

BUY SELL OPEN INTEREST AT THE END OF THE DAY Amount in Crores 16356.54 64870.50 28931.49 3221.49 TOTAL NET AMOUNT -254.87 -505.02 -259.98 -60.87 -1080.75 No. of Amount in No. of Amount in No. of Contracts Crores Contracts Crores Contracts INDEX FUTURES INDEX OPTIONS STOCK FUTURES STOCK OPTIONS 74580 599460 106833 42400 2284.25 18199.67 2982.61 1203.11 83089 614942 117454 44341 2539.12 18704.70 3242.59 1263.98 537794 2121559 1020262 107310

INDICES
NIFTY NIFTYJUNIOR BANK NIFTY YOUR MINTVISORY

S2
6099.73 11854.58 10727.8

S1
6122.31 11905.51 10812.14

PIVOT
6148.53 11985.83 10881.95

R1
6171.11 12036.76 10966.29

R2
6197.33 12117.08 11036.09

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DAILY REPORT
28th OCTOBER. 2013

COMMODITY MCX
COMMODITY ROUNDUP Upbeat US equity markets provide the much needed bounce for WTI crude Oil from lows of $95.95 per barrel for December delivery which helped push pries to $97.85 on settlement on Friday helped by some bargain hunting Brent for December settlement declined 6 cents to $106.93 a barrel on the London-based ICE Futures Europe exchange. The European benchmarks premium to WTI narrowed to $9.08 from yesterdays $9.88. The spread was $11.67 on Oct. 22, the widest since April. In electronic trading Brent Crude rose marginally to $107.16. Gold inched up slightly on Friday as disappointing US economic data reinforced expectations that the US Federal Reserve will keep its stimulus intact well into 2014. Spot gold was up USD 4.62, or 0.34%, at USD 1,351.16 an ounce by

RECOMMENDATIONS SILVER

TRADING STRATEGY: BUY SILVER ABOVE 50280 TGTS 50480/50780 SL 49980 SELL SILVER BELOW 49100 TGTS 48900/48700 SL 493 GOLD

2:38 p.m. EDT (1838 GMT), hovering below its highest level since September 20 of USD 1,351.61. Also read. Bullion was headed for a 1.7% gain on the week, having hit four-week highs on Thursday as it benefited from weaker-thanexpected US non-farm payrolls data earlier in the week. The jobs data bolstered expectations. US gold futures for December delivery closed up USD 2.20, or 0.2 percent, at USD 1,352.40. Silver imports into India have risen substantially y/y since March and remained strong into July. The ban on imports of gold coins remains in place. Given the good monsoon season, rural demand for gold is expected to grow this year, with jewellery sales expected to be up 10-15% . Silver continues to be a worst performer among precious metals in 2013 after having fallen sharply by 31% in Q2 but partly offset by 11% gains in Q3, 2013. Silver has benefitted from the rise in gold pricees and mixed trend in industrial metals.

TRADING STRATEGY: BUY GOLD ABOVE 30860 TGTS 30940/31040 SL 30750 SELL GOLD BELOW 30580 TGTS 30500/ 30400 SL 30720

Total budget for non-ferrous metals exploration fell 29% from $21.5 bn in 2012 to $15.2 bn in 2013.

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DAILY REPORT
28th 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

1313 3594 3059 6358 6675 1544 12500 3710 726.5 4830

+0.42 -0.31 0.00 -2.90 -0.42 +1.78 -0.89 +0.38 +0.26 -0.49

SELL CASTORSEED BELOW 3565 TGT 3535/3495 SL 3605 BUY CASTERSEED ABOVE 3645 TGT 3675/3715 SL 3605 DHANIYA

NCDEX ROUNDUP Refined soya oil prices extended gains for the third day by rising 0.70% to Rs 729.70 per 10 kg in futures trade yesterday as speculators enlarged their positions, supported by rising demand in the spot market. At the NCDEX refined soya for delivery in November added Rs 5.10, or 0.70%, to Rs 729.70 per 10 kg with an open interest of 84,230 lots. In a similar fashion, the oil for delivery in December moved up by Rs 4.15, or 0.58%, to Rs 721.90 per quintal in 98,640 lots. Maintaining wining streak for the fourth straight session, chana prices added 0.42% to Rs 3,072 per quintal in futures trade on Friday as speculators enlarged their positions. At the NCDEX, chana for delivery in Nov added Rs 13, or 0.42%, to Rs 3,072 per quintal with an open interest of 99,180 lots. Similarly, the commodity for delivery in Dec traded higher by Rs 12, or 0.38%, to Rs 3,132 per quintal in 54,050 lots. The next chickpea harvest would be near the record levels of 8.8 million tonnes produced in the crop year to June 2013. Farmers have started sowing chana at some places in Karnataka, Andhra Pradesh and Madhya Pradesh. There are some concerns over a shift in acreage to wheat in Madhya Pradesh, but in other states the area under cultivation is likely to be higher than in the previous year.

BUY DHANIYA ABOVE 6705 TGT 6735/6775 SL 6665 SELL DHANIYA BELOW 6550 TGT 6520/6480 SL 6590

The ministry of agriculture has proposed a steep hike in import duty for pulses in the range of 20-30%. The proposal is being discussed with the department of revenue. Currently, the import duty on pulses is zero.

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DAILY REPORT
28th OCTOBER. 2013

CURRENCY

RBI Reference Rate

Currency Rate Currency Rate

Rupee- $ Euro USD/INR

61.6250 Yen-100 85.1350 GBP

63.4800 99.9373

CURRENCY ROUNDUP The dollar was slumped near a two-year low against the euro on Friday as clear expectations of continued U.S. bond purchase left it facing its sixth weekly fall in seven and world shares close to five-year highs. The Indian rupee ended flat on Friday, but extended losses for a second week, as caution set in ahead of an expected interest rate hike by the central bank at its policy review next week. The rupee closed at 61.46/47 per dollar, unchanged from its Thursday's close. It traded in a 61.35-61.79 band in the session. For the week, the currency ended down 0.3 percent. There was pressure on the rupee from dollar buying by custodian banks. In the offshore non-deliverable forwards, the one-month contract was at 61.97, while the three-month was at 62.95.

USD/INR has closed @61.5600. If it sustains 61.68, it can touch the level of 61.83 & 61.94. If it breaks the level of 61.38 it can touch the level of 61.23 & 61.05. JPY/INR

The rupee on Friday snapped its two-day gains against the dollar in late morning deals by losing 21 paise to 61.67 on fresh demand for the American currency from banks and importers. The Indian currency resumed lower at 61.50 per dollar as against the last closing level of 61.46 at the Interbank Foreign Exchange Market. It dropped further to 61.78 before quoting at 61.67 per dollar (1040 hours). The rupee moved in a range of 61.44 and 61.78 per dollar during the morning deals. In the currency futures market, the most-traded nearmonth dollar/rupee contracts on the National Stock Exchange, the MCX-SX and the United Stock Exchange all closed at around 61.51 with a total traded volume of $2.3 billion. In New York, the US dollar weakened to 2-year low against the euro, indicating the euro zone's economic recovery. Currencies of commodities-exporting countries including New Zealand and Australia slid as risk appetite ebbed and bets Chinas central bank may tighten policy damped growth prospects. The yen gained for a second week versus the dollar.

JPY/INR has closed @63.2650. If it sustains above 63.40, it can touch the level of 63.55 & 63.70. If it breaks the level of 63.10 it can touch the level of 62.95 & 62.78.

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DAILY REPORT
28th OCTOBER. 2013

CALL REPORT
PERFORMANCE UPDATES

Date
25/10/13 25/10/13 25/10/13 25/10/13 25/10/13 25/10/13 25/10/13 25/10/13 25/10/13 25/10/13 25/10/13 25/10/13

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

Contract
DEC. DEC. DEC. DEC. NOV. NOV. NOV. NOV. OCT. OCT. OCT. OCT.

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

Entry Level
30720 30500 50280 49600 3570 3655 6740 6650 61.28 62.95 61.80 63.54

Target
30800-30900 30420-30320 50480-50780 49400-49100 3540-3510 3685-3715 6770-6800 6620-6590 61.16-61.06 62.78-62.61 61.95-62.20 63.72-63.95

Stop Loss
30600 30620 49980 49900 3615 3610 6695 6690

Remark
BOOKED PROFIT BOOKED PROFIT NOT EXECUTED BOOKED PROFIT SL TRIGGERED NOT EXECUTED SL TRIGGERED BOOKED PROFIT NOT EXECUTED NOT EXECUTED SL TRIGGERED BOOKED PROFIT

Date
25/10/13 25/10/13 25/10/13 25/10/13 TIME (ET) 9:15 AM 9:15 AM 8:30 AM 8:30 AM 8:30 AM 8:30 AM 9 AM 10 AM 10 AM 8:15 AM 8:30 AM 8:30 AM

Scrip
NIFTY PETRONET FEDERAL BANK JUBLIANT LIFE REPORT

CASH/FUTURE/ OPTION
FUTURE FUTURE FUTURE CASH

Strategy
SELL BUY BUY BUY

Entry Level
6230-6250 130 85 107

Target
6190-6150 132-135 87-89 112-118

Stop Loss
6270 128 82 102

Remark
NOT EXECUTED NOT EXECUTED NOT EXECUTED BOOKED PROFIT PREVIOUS 0.4% 77.8% 0.3% 0.0% 0.2% 0.1% 12.6% Y-O-Y 79.7 0.4% 166,000 0.1% 0.1%

US ECONOMIC REPORT
PERIOD ACTUAL MONDAY, OCT. 28 SEPT. SEPT. TUESDAY, OCT. 29 SEPT. SEPT. SEPT. SEPT. AUG. OCT. AUG. WEDNESDAY, OCT. 30 OCT. SEPT. SEPT. THURSDAY, OCT. 31 10/26 Oct. FRIDAY, NOV. 01 OCT. OCT. OCT.

CONSENSUSFORECAST 0.5% 78.1% 0.3% 0.1% -0.1% 0.4% -76.6 0.3% 165,000 0.2% 0.1%

INDUSTRIAL PRODUCTION CAPACITY UTILIZATION PRODUCER PRICE INDEX CORE PPI RETAIL SALES RETAIL SALES EX-AUTOS CASE-SHILLER HOME PRICE INDEX CONSUMER CONFIDENCE INDEX BUSINESS INVENTORIES ADP EMPLOYMENT CONSUMER PRICE INDEX CORE CPI

8:30 am 9:45 am

WEEKLY JOBLESS CLAIMS CHICAGO PMI

N/A 55.0

N/A 55.7

Nonfarm payrolls report for Oct. will be released on Nov. 8 8:58 AM MARKIT PMI 10 AM TBA ISM MOTOR VEHICLE SALES

-55.1% 15.6 MLN

52.8 56.2% 15.2 mln

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