DAILY REPORT

20th NOVEMBER. 2013

Global markets at a glance European shares eased on Tuesday, with caution on stocks from U.S. billionaire investor Carl Icahn and a retreat on Wall Street overnight encouraging profit-taking after a rally that took Germany's DAX to a record high. Some 48 percent of European companies have missed quarterly expectations. The relatively weak profits, coupled with stock market gains, have lifted market valuations, with the price/earnings ratio on STOXX Europe 600 around fouryear highs at 13.6 times. MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS dipped 0.2 percent but was still up 1.3 percent from the start of week, outperforming the 0.6 percent fall in the Standard & Poor's 500 Index .SPX. Hong Kong shares .HSI, which have gained 2.7 percent so far this week, extended gains while mainland shares were mostly flat. Japan's Nikkei share average .N225 rose as much as 0.5 percent before ceding some gains Wall Street Update U.S. stocks edged lower after the Dow briefly broke above a key level for a second day and shares of Best Buy dropped on worries about its margins. The major indexes continue to face resistance at key levels, with the Dow breaking above 16,000 briefly and the S&P 500 hovering near 1,800, which it briefly crossed on Monday. Both indexes were unable to hold those levels at Monday's close. Previous day Roundup Equity benchmarks closed flat with a positive bias amid weak global cues on Tuesday as investors looked cautious over timeline of Fed tapering. The Sensex rose 40.08 points to 20,890.82, in addition to a 656-point rally seen in previous two sessions. The Nifty closed above the 6,200 level for the first time since November 6, gaining points 14.35 points to 6,203.35. Index stats The Bankex and Bank Nifty both advanced 0.41% respectively. All the sectors advanced Capital Goods [up 117.12pts], Oil & Gas [up 10.14pts], Realty [up 20.14pts], TECK [up 22.13pts], IT [up 23.66pts], FMCG [down 29.86pts], AUTO [up 31.10pts], Metals [up 18.67pts], PSU [up 14.55pts] except Consumer Durables [down 39.85pts], Power [down 2.89pts], and Healthcare [down 23.16pts].

World Indices
Index DJl S&P 500 NASDAQ EURO STO FTSE 100 Nikkei 225 Hong Kong Value 15,967.03 1,787.87 3,931.55 3,049.17 6,698.01 15,090.22 23,710.05
CMP Change

% Change -0.06 -0.20 -0.44 -1.04 -0.38 -0.24 +0.22

% Chg

Top Gainers
Company

HINDALCO JINDALSTEL PNB JPASSOCIAT SBIN

124.15 254.75 550.70 49.75 1,821.35

CMP

5.15 9.80 20.80 1.50 53.75

Change

+4.33 +4.00 +3.93 +3.11 +3.04

% Chg

Top Losers
Company

BPCL SSLT POWERGRID HDFCBANK TATASTEEL

345.05 185.00 95.00 660.25 382.10

Prev. Close

7.45 3.35 1.35 8.55 4.70

Change

-2.11 -1.78 -1.40 -1.28 -1.22

%Chg

Stocks at 52 Weeks high

Symbol

ARVIND BATAINDIA ESCORTS INFY MINDTREE

Symbol

127.25 1,035.05 125.20 3,439.20 1,430.15

Prev. Close

1.40 40.60 3.00 35.10 22.10

Change

+1.11 +4.08 +2.45 +1.03 +1.57

%Chg

Stocks at 52 Weeks Low

JPOLYINVST PFRL 98.40 80.50
CMP

5.15 2.20
Change

-4.97 -2.66
% Chg

Indian Indices
Company NIFTY SENSEX

6,203.35 20,890.82

+14.35 +40.08

+0.23 +0.19

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DAILY REPORT
20th NOVEMBER. 2013

EQUITY CASH & FUTURE

STOCK RECOMMENDATIONS [FUTURE] 1. APPOLO TYRE

STOCK RECOMMENDATION [CASH] 1. ABAN OFFSHORE

APPOLO TYRE FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it continues to sustain above 80, We advise buying above 80 levels with strict stop loss of 78 for the targets of 82-84 levels. 2. JINDAL STEEL

ABAN OFFSHORE is looking strong on charts. We advise buying above 305 levels with strict stop loss of 298 for the targets of 312-318 levels.

JINDAL STEEL FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it continues to sustain above 255, We advise buying around 255 levels with strict stop loss of 250 for the targets of 260-265 levels.

MACRO NEWS The government has decided to allot natural gas at a uniform price to retailers of the fuel in different cities. Paris-based Organization for Economic Co-operation and Development (OECD) has said Indian economy will grow just 3.4% in the current financial year, almost same as the 3.3% growth recorded last year. This is even below the 3.7% projection of the International Monetary Fund ( IMF) and 5.7% estimated in its earlier May forecast. These estimates are based on market prices, and are not strictly comparable with India's official statistics that measure economic output at factor cost. Finance ministry and a Reserve Bank of India panel is working on proposals to ensure equal treatment for foreign institutional investors (FIIs) and foreign direct investments (FDIs). The panel has discussed a 49 percent cap on FII investment. IRFC has filed draft red herring prospectus with SEBI for issue of tax free secured redeemable non-convertible bonds in the nature of debentures of face value of Rs 1,000 each. The company aims to raise Rs 10,000 crore through the issue.

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DAILY REPORT
20th NOVEMBER. 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 6,200 6,100 6,000 1,750 3,400 860 380 Strike Price 6,300 6,200 6,400 11,500 1,800 1,900 900 880 2,500 LTP Traded Volume (Contracts) 3,35,829 2,88,100 1,77,364 21,136 8,147 2,544 1,945 2,345 Traded Volume (Contracts) 3,44,959 2,98,334 1,91,038 25,068 15,183 9,486 4,063 3,293 5,295 Open Interest 55,13,650 47,83,650 60,73,500 2,63,625 3,26,250 2,23,625 3,27,500 10,99,000 Open Interest 54.18,000 42,39,400 50,08,700 3,17,875 6,29,625 5,75,250 10,72,250 5,89,500 2,22,125

NIFTY NIFTY NIFTY BANK NIFTY SBIN INFY RELIANCE TATASTEEL Symbol

46.85 20.30 8.90 11.80 18.95 4.75 6.95 LTP

11,000 106.70

STOCKS IN NEWS Power Grid Corporation of India 's sale of shares, valued at about USD 1.2 billion, is likely to open on December 3. The offering includes fresh issue of 60.1 crore shares and disinvestment of 18.5 crore shares, or 4 percent stake, by the Indian govt. IL&FS power unit in Tamil Nadu delayed Licences of 11 coal blocks may be revoked Calcutta High Court orders status quo on Haldia Petrochemicals share transfer deal NIFTY FUTURE

MOST ACTIVE CALL OPTION

NIFTY NIFTY NIFTY BANKNIFTY SBIN SBIN RELIANCE RELIANCE MCDOWELL-N

31.30 77.50 9.05 90.50 53.10 13.80 5.60 12.60 68.00

Nifty Future closed in the green in the last trading session. We advise buying around 6200-6180 with strict stop loss of 6150 for the targets of 6240-6280 levels.

FII DERIVATIVES STATISTICS

BUY SELL OPEN INTEREST AT THE END OF THE DAY Amount in Crores 15054.75 53556.77 30139.87 1966.40 TOTAL NET AMOUNT 72.23 -583.58 -130.39 -26.93 -668.68 No. of Amount in No. of Amount in No. of Contracts Crores Contracts Crores Contracts INDEX FUTURES INDEX OPTIONS STOCK FUTURES STOCK OPTIONS 43430 381719 55984 48234 1336.28 11670.22 1557.38 1288.43 41132 401185 60714 49379 1264.05 12253.80 1687.77 1315.36 487890 1731038 1094396 73210

INDICES
NIFTY NIFTYJUNIOR BANK NIFTY YOUR MINTVISORY

S2
6166.44 12191.98 11067.28

S1
6184.89 12243.16 11127.56

PIVOT
6198.64 12291.48 11167.63

R1
6217.09 12342.66 11227.91

R2
6230.84 12390.98 11267.98

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DAILY REPORT
20th NOVEMBER. 2013

COMMODITY MCX
COMMODITY ROUNDUP Silver prices moved down by 0.48% to Rs 46,510 per kg in futures market yesterday as speculators reduced their holdings on the back of a weak global trend. At the Multi Commodity Exchange, silver for delivery in March moved down by Rs 222, or 0.48%, to Rs 46,510 per kg in business turnover of 361 lots. Likewise, the white metal for delivery in December traded lower by Rs 205, or 0.45%, to Rs 45,130 per kg in 3,106 lots. speculators reduced their holdings on the back of a weak global trend as investors weighed comments from Fed policy makers about the outlook for stimulus amid a rally in equities mainly put pressure on silver prices at futures trade. Meanwhile, silver lost 0.8% to $20.24 an ounce, the lowest since August 9 in Singapore. Gold futures reversed from their lowest level in a week on Tuesday, helped by foreign markets, though a stronger rupee kept the upside limited. At 3:20 pm, the most-active gold for December delivery on the Multi Commodity Exchange was 0.11 per cent higher at Rs 30,084 per 10g, after hitting a low of Rs 29,954, a level last seen on November 13. The physical market has witnessed lack of activity, as exporters were given priority in shipments under the new rule. India has imposed supply restrictions on gold, the biggest non-essential import item, by linking domestic consumption to exports to curb a record trade deficit. The Union government has also raised the import duty to a record 10 per cent. Aluminium prices edged up by 0.18% to Rs 108.90 per kg in futures trade yesterday as participants enlarged positions, supported by a firming overseas trend. Strong demand in the spot markets also influenced metal prices. At MCX, Aluminium for delivery in November inched up by 20 paisa, or 0.18%, to Rs 108.90 per kg in business turnover of 53 lots. The metal for delivery in December traded higher by a similar margin at Rs 110.70 per kg in a business volume of 16 lots. Apart from increased domestic demand, a firming trend in the base metals overseas, helped aluminium futures to trade higher.
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RECOMMENDATIONS CRUDE OIL

TRADING STRATEGY: BUY CRUDE ABOVE 5900 TGTS 5940/6000 SL 5840 SELL CRUDE BELOW 5840 TGTS 5800/5740 SL 5920 GOLD

TRADING STRATEGY: BUY GOLD ABOVE 30500 TGTS 30600/30700 SL 30400 SELL GOLD BELOW 30150 TGTS 30050/29950 SL 30250

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DAILY REPORT
20th NOVEMBER. 2013

NCDEX

RECOMMENDATIONS CASTORSEED

NCDEX INDICES Index Value % Change

Barley Castor Seed Chana Chilli Coriander Cotton Seed Oilcake Jeera Mustard seed Ref Soya Oil Turmeric SELL CASTORSEED JAN BELOW 4290 TG 4260,4220 SL 4340 BUY CASTORSEED JAN ABOVE 4330 TG 4360,4400 SL 4280 DHANIYA

1282 3890 2995 6862 7050 1443 12500 3675 706.2 5180

-1.00 +0.70 -2.25 -3.97 +0.34 -0.48 +0.75 +0.08 -0.32 +3.77

NCDEX ROUNDUP Turmeric futures in India's National Commodity and Derivatives Exchange (NCDEX) gain sharply this week on estimates of lower producers while Chana fell 2.36% to Rs 3149 s market sentiments turnd bearish on inferior quality of the commodity in Rajasthan and Maharasthra markets. In overseas markets, US corn and wheat futures rose marginally to $414 and $646 6/8 respectively while soybeans fell t $12.83 per bushel on favourable planting conditions in Argentina. Among the gainers were ICE Coffee, ICE Sugar and COtton. China has rejected a cargo of corn from US citing the presence of genetically modified Viptera corn of Syngenta AG. It may receive approval soon in China as it has been already shipped to Japan, European Union and Mexico. US Corn and soybean harvest was nearly complete in the US, the world's top food producer. US corn harvest was 91% complete while soyben crop is 95% complete

SELL DHANIYA DEC BELOW 7220 TG 7190,7150 SL 7270 BUY DHANIYA DEC BELOW 7370 TG 7400,7450 SL 7320

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DAILY REPORT
20th NOVEMBER. 2013

CURRENCY

RBI Reference Rate

Currency Rate Currency Rate

Rupee- $ Euro USD/INR

62.2311 Yen-100 84.0585 GBP

62.3200 100.1796

CURRENCY ROUNDUP The Indian rupee gained past 62 to a dollar to a near 2-week high on Tuesday on heavy selling by foreign banks on behalf of their overseas clients. The rupee rose to as much as 61.87 to a dollar, a level last seen on Nov. 6. It was last trading at 61.92/93 versus its 62.41/42 close on Monday. Equity inflows in November stood at $897.91 million as on Friday. The Indian rupee rose for a fourth straight session to a near two-week high on Tuesday on strong foreign inflows into stocks and as global risk sentiment was boosted after China's central bank governor said the Yuan's trading band USD/INR has closed @62.4350. If it breaks the level of 62.25, it can touch the level of 62.12 & 61.96. If it sustains above 62.90 it can touch the level of 63.09 & 63.30. GBP/INR will be widened. Foreign fund inflows into local stocks have already totaled nearly $900 million in November, adding to the rupee's gains after $2.6 billion inflows in October. Foreign banks have been consistent dollar sellers in recent sessions as they buy into Indian equities. The partially convertible rupee closed at 62.36/37 per dollar, compared with 62.41/42 on Monday. It has gained 2.2 percent in the past four sessions. It rose to 61.87 in session, its highest since Nov. 6. Global factors have also had a large hand in the rupee's recent rally. Prospect of extended stimulus in the United States and reforms in China had spurred a risk rally on Monday. The dollar was under pressure but global shares found support on Wednesday after Federal Reserve Chairman Ben Bernanke reiterated the Fed's commitment to easy policy, cementing expectations its stimulus will stay for the rest of GBP/INR has closed @100.39. If it breaks 100.20, it can touch the level of 100.03 & 99.84. If it sustains above 100.90 it can touch the level of 101.11 & 101.35. year. The U.S. dollar was also unsettled after China signaled it was willing to tolerate a stronger yuan - making it less likely to buy U.S. dollars to keep its currency pinned down. Call us at +91-731-6642300

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DAILY REPORT
20th NOVEMBER. 2013

CALL REPORT
PERFORMANCE UPDATES

Date
18/11/13 18/11/13 18/11/13 18/11/13 18/11/13 18/11/13 18/11/13 18/11/13

Commodity/ Currency Pairs

NCDEX CASTOR SEED NCDEX CASTOR SEED NCDEX DHANIYA NCDEX DHANIYA JPY/INR JPY/INR EUR/INR EUR/INR

Contract
JAN. JAN. DEC. DEC. NOV. NOV. NOV. NOV.

Strategy Entry Level

SELL BUY SELL BUY SELL BUY SELL BUY 4215 4280 7290 7365 62.39 63.35 84.45 85.30

Target
4190-4150 4305-4345 7260-7220 7395-7435 62.24-62.05 63.50-63.72 84.28-84.03 85.50-85.71

Stop Loss
4255 4240 7330 7325

Remark
NOT EXECUTED BOOKED FULL PROFIT BOOKED PROFIT SL TRIGGERED BOOOKED PROFIT NOT EXECUTED NOT EXECUTED NOT EXECUTED

Date
18/11/13 18/11/13 18/11/13 18/11/13 08/11/13

Scrip
NIFTY HDFC BANK AXIS BANK BPCL INFO EDGE INDIA

CASH/ FUTURE/ OPTION

FUTURE FUTURE FUTURE CASH CASH

Strategy
BUY BUY BUY BUY BUY

Entry Level Target

6170-6150 822 1145 354 420-430 6240-6310 840-860 1165-1185 359-364 455-475

Stop Loss
6080 800 1115 347 400

Remark
BOOKED PROFIT CALL OPEN CALL OPEN SL TRIGGERED SL TRIGGERED

US ECONOMIC REPORT
TIME (ET) 8:30 AM 8:30 AM 8:30 AM 8:30 AM 10 AM 10 AM 2 PM 8:30 AM 8:30 AM 8:30 AM 8:58 AM 10 AM 10 AM 10 AM REPORT RETAIL SALES RETAIL SALES EX-AUTOS CONSUMER PRICE INDEX CORE CPI BUSINESS INVENTORIES EXISTING HOME SALES FOMC MINUTES WEEKLY JOBLESS CLAIMS PRODUCER PRICE INDEX CORE PPI MARKIT FLASH PMI PHILLY FED LEADING INDICATORS JOB OPENINGS PERIOD OCT. OCT. OCT. OCT. SEPT. OCT. ACTUAL CONSENSUSFORECAST 0.1% 0.2% 0.0% 0.2% 0.3% 5.23 MLN PREVIOUS -0.1% 0.4% 0.2% 0.1% 0.3% 5.29 MLN

WEDNESDAY, NOV. 20

THURSDAY, NOV. 21
11/16 OCT. OCT. NOV. NOV. OCT. N/A -0.2% 0.1 -15.0 -N/A -0.1% 0.1% 51.8 19.8

FRIDAY, NOV. 22
SEPT. 3.9 mln

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