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DAILY REPORT

25th NOVEMBER. 2013

Global markets at a glance European shares advanced on Friday as overnight rallies in the United States and Japan signaled growing investor appetite for risk. The DJI average rose 54.78 pts, or 0.34% to end at a record 16,064.77. The Standard & Poor's 500 Index gained 8.91 pts, or 0.50%, to finish at 1,804.76. The Nasdaq Composite Index climbed 22.50 pts, or 0.57%, to close at 3,991.65. Japan's Nikkei eked out minuscule gains on Friday, easing off from an earlier charge to a six-month peak as domestic investors took profits. Wall Street Update US stocks rose on Friday, with the S&P 500 closing above 1,800 for the first time and healthcare names leading the way higher. The Dow industrials ended at another record high above 16,000. Both the Dow and the S&P 500 recorded their seventh straight week of gains in what has been a very strong year for stocks. The seven-week advance comes just ahead of December, which since 1950 has been the best month for both the Dow and the S&P. Previous day Roundup After a big struggle in the late trade, the market closed on a flat note. The Sensex ended down 11.66 points at 20217.39, giving up earlier gains to mark their third consecutive week of losses, as concerns grow after data showed foreign investors have started cutting positions. FIIs sold shares worth 598 million rupees on Thursday to snap a 32-day buying streak totaling 238.84 billion rupee. The Nifty ended below 6000, at 5995.45 down 3.60 points. About 1158 shares have advanced, 1254 shares declined, and 164 shares are unchanged. Index stats The Bankex and Bank Nifty both declined 0.16% and 0.28% respectively. The sectors advanced were Capital Goods [up 107.97pts], Oil & Gas [up 58.08pts], PSU [up 19.87pts], Consumer Durables [up 36.42pts], Power [up 0.08pts], and Healthcare [up 13.24pts] and the sectors declined were; Metals [down 33.17pts], Realty [down 9.32pts], TECK [down 1.66pts], FMCG [down 38.55 pts], IT [down pts], AUTO [down 144.97pts].

World Indices
Index DJl S&P 500 NASDAQ EURO STO FTSE 100 Nikkei 225 Hong Kong Value 16,064.77 1,804.76 3,991.65 3,055.98 6,674.30 15,583.17 23,744.04
CMP Change

% Change +0.34 +0.50 +0.57 +0.38 -0.11 +1.31 +0.20


% Chg

Top Gainers
Company

ONGC CAIRN TATASTEEL GAIL LT

279.25 327.50 393.50 328.80 969.10


CMP

8.80 10.25 10.90 7.25 21.00


Change

+3.25 +3.23 +2.85 +2.25 +2.21


% Chg

Top Losers
Company

SSLT TATAMOTORS BAJAJ-AUTO IDFC SBIN


Symbol

174.30 374.10 1,888.90 101.65 1,736.45


Prev. Close

5.00 9.05 43.95 1.55 24.50


Change

-2.79 -2.36 -2.27 -1.50 -1.39


%Chg

Stocks at 52 Weeks high


ATULAUTO BATAINDIA EVEREDDY FIEMIND JBCHEMPHARM 309.55 1,052.00 28.50 271.10 114.75
Prev. Close

16.15 39.05 1.15 45.15 4.55


Change

+5.50 +3.86 +4.20 19.98 4.13


%Chg

Stocks at 52 Weeks Low


Symbol

EXIDEIND FLFL

113.50 62.75
CMP

2.75 5.10
Change

-2.37 -7.52
% Chg

Indian Indices
Company NIFTY SENSEX

5,995.45 20,217.39

-3.60 -11.66

-0.06 -0.06

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DAILY REPORT
25th NOVEMBER. 2013

EQUITY CASH & FUTURE

STOCK RECOMMENDATIONS [FUTURE] 1. HDIL

STOCK RECOMMENDATION [CASH] 1. CMAHENDRA

HDIL FUTURE is looking weak on charts, short build up has been seen, we may see more downside, if it continues to sustain below 44. We advise selling around 45-46 levels with strict stop loss of 48 for the targets of 43-42 levels. 2. MC DOWELL

CMAHENDRA is looking strong on charts. We advice buying above 232 levels with strict stop loss of 222 for the targets of 242-252 levels.

MC DOWELL FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it continues to sustain above 2550, We advise buying above 2550 levels with strict stop loss of 2500 for the targets of 2590-2625 levels.

MACRO NEWS The overall GDP growth in India is expected to have grown. Moody's says the long-term credit outlook looks stable for Asian countries including those with high current account deficit like India. RBI to shut down dollar swap window on Nov. 30. FIIs sold shares worth of Rs 598 million ($9.5 million) on Thursday to snap a 32-day buying streak that had totaled Rs 238.84 billion. The Reserve Bank it will sell inflation-indexed bonds worth Rs 1,000 crore through price-based auction on November 26. NHPC will commence the buyback of shares worth up to Rs 2,368 crore from November 29. Union Bank of India today raised Rs 2,000 crore through issuing bonds that are compliant with the global banking norms. After suffering a string of losses, the networth of Haldia Petrochemicals (HPL) has eroded by 50 percent.

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DAILY REPORT
25th 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 6,000 5,900 6,100 10,500 1,750 2,400 840 1,050 Strike Price 6,100 6,000 6,200 11,000 1,800 860 2,500 1,100 390 LTP Traded Volume (Contracts) 7,29,258 4,54,407 2,62,740 30,464 9,912 3,678 2,353 1,984 Traded Volume (Contracts) 7,41,751 4,17,253 4,07,951 37,316 12,548 4,589 8,586 3,846 2,881 Open Interest 66,35,500 51,50,600 25,18,600 2,66,100 2,70,000 1,64,000 4,26,000 1,94,000 Open Interest 63,08,900 43,28,750 68,35,400 2,94,700 7,03,125 6,28,500 3,57,250 4,30,250 9,05,000

NIFTY NIFTY NIFTY BANK NIFTY SBIN MCDOWELL-N RELIANCE AXISBANK Symbol

40.65 13.50 97.25 60.65 30.70 20.15 6.00 7.00 LTP

STOCKS IN NEWS Tata Motors launched CNG versions of mid sized sedan Tata Indigo and compact car Tata Indica. Union Bank raises Rs 2,000 cr to shore up capital Dabur India's board approves raising FII investment limit up to 30% SpiceJet to operate non-stop flight between Madurai and Dubai. NIFTY FUTURE

MOST ACTIVE CALL OPTION

NIFTY NIFTY NIFTY BANKNIFTY SBIN RELIANCE MCDOWELL-N AXISBANK TATASTEEL

21.85 62.50 5.90 53.60 9.75 5.25 99.00 16.25 8.70

Nifty Future closed in the red in the last trading session. We advise selling around 6050-6060 with strict stop loss of 6080 for the targets of 6000-5950.

FII DERIVATIVES STATISTICS


BUY SELL OPEN INTEREST AT THE END OF THE DAY Amount in Crores
15388.79 56218.55 29761.24 2137.99

No. of Amount in No. of Amount in No. of Contracts Crores Contracts Crores Contracts INDEX FUTURES INDEX OPTIONS STOCK FUTURES STOCK OPTIONS
83047 717020 106711 50814 2492.95 21425.51 2898.45 1362.33 81848 700501 109825 50626 2437.29 20948.83 2999.71 1366.48 516584 1883003 1118752 79033

NET AMOUNT
55.67 476.68 -101.25 -4.16

TOTAL

426.94

INDICES
NIFTY NIFTYJUNIOR BANK NIFTY YOUR MINTVISORY

S2
5929.15 11853.46 10519.85

S1
5962.3 11922.93 10598.6

PIVOT
6005.95 12005.11 10709.3

R1
6039.1 12074.58 10788.05

R2
6082.75 12156.76 10898.75

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DAILY REPORT
25th NOVEMBER. 2013

COMMODITY MCX
COMMODITY ROUNDUP Gold premiums in India steadied on Friday on scarcity of stocks or domestic consumption despite muted demand, amid steady prices in the domestic market. Oil slipped below USD 110 a barrel but was on track to end higher for the second week running, with investors awaiting the outcome of talks on Iran's nuclear program. Benchmark Brent crude oil saw its biggest jump in almost three weeks on Thursday, fuelled by a surge in U.S. gasoline futures, signs of continued economic strength in the United States and indications that a deal to curb Tehran's nuclear program could be a long time coming. Gold and silver were both on track for a near 4-percent weekly drop. Base metals softened up to 8.3 per cent in the past month, due to weak manufacturing data from China, coupled with renewed concerns on tapering of the third round of quantitative easing (QE3) by the United States Federal Reserve. The HSBC Flash China Purchasing Managers Index fell to 50.4 in November from a seven-month high of 50.9 in October, marginally above the contraction line of 50. This poses an uncertainty over Chinese purchasing of base metals. Copper recovered in the week on the back of rising spot premiums in China due to shortage of the imported metal from Philippines. LME Copper prices settled at $ 7064 per tonne, up $ 90 per tonne. COMEX Copper recovered by 1.35% to $ 3.171 per pound. The indications of Federal Reserve members to stay with stimulus plan also saved the value of Copper. During the week, Money managers decided to slash the long positions of Copper and simultaneously build short positions. U.S. oil ended the session off 60 cents to settle at $94.84 a barrel. India crude oil edged down slightly trimming gains recorded in the earlier session on Friday amid weak global cues while copper swung between gains and losses and was seen trading volatile. Aluminium stocks at London Metal Exchange (LME) rose by 67100 tons to 5419295 tons while Nickel stocks were gained by 588 tons to 249138 tons on Friday. Copper, Lead and Zinc stocks recorded a decline by 3025, 300 and 4575 tons respectively. Goldman Sachs Group Inc. expects Gold, iron ore, soybeans and copper to drop at least 15% in 2014.

RECOMMENDATIONS SILVER

TRADING STRATEGY: BUY SILVER ABOVE 45100 TGTS 45300/45500 SL 44800 SELL SILVER BELOW 44200 TGTS 44000/43700 SL 44500 GOLD

TRADING STRATEGY: SELL GOLD MCX BELOW 29700 TGTS 29600/29500 SL 29800 SELL GOLD AROUND 29980 TGTS 29900/29780 SL 30100

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DAILY REPORT
25th 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

1382.5 4267 3093 7480 7128 1411 12875 3838 731.75 5290

-0.32 +0.87 -0.29 +0.27 -1.83 -1.40 +1.30 +0.50 +0.47 +3.97

BUY CASTORSEED ABOVE 4380 TGT 4405/4445 SL 4330 SELL CASTORSEED BELOW 4330 TGT 4205/4265 SL 4375 DHANIYA

NCDEX ROUNDUP The assurance given by the political parties to pay higher price to the farmers for the paddy had reportedly affected the inflow of the yield in the societies. The paddy procurement in the state started on October 21. As of now, 2,91,000 Metric Tonnes of paddy had been procured in the state. The paddy procurement would continue till February 15. In the last marketing season, the state government had procured 7.1 MT of paddy. Earlier in the month, the United Nations, which last month kicked off a round of downgrades to estimates for Argentina's wheat crop, lowered its forecast further, even as it raised hopes for world cereals supplies. The UN's food agency, the Food and Agriculture Organization - which in October lowered its estimate for the Argentine wheat harvest to 9.5m tonnes, downgraded the figure again, to just 8.8m tonnes. India total area sown for Rabi crop, during the week ending 22 Nov 2013 stands at 314.24lakh hectares, higher when compared to the 294.31 lh recorded during the same period last year. over 156 lakh tons of rice has been procured by the Indian Government agencies during kharif marketing season, 2013-14. Total 156,99,858 tons of rice has been procured till November 20, 2013 during ongoing season.

BUY DHANIYA ABOVE 7170 TGT 7200 / 7240 SL 7120 SELL DHANIYA BELOW 7110 TGT 7180 / 7130 SL 7160

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DAILY REPORT
25th NOVEMBER. 2013

CURRENCY

RBI Reference Rate


Currency Rate Currency Rate

Rupee- $ Euro EUR/INR

63.0236 Yen-100 84.9199 GBP

62.3700 102.0415

CURRENCY ROUNDUP The rupee rose slightly on Friday, ending a two-day losing streak after suspected intervention by the central bank, although broader sentiment remains weak due to renewed fears the Federal Reserve will soon start scaling back its stimulus. Trading in the rupee had been volatile, starting the week with strong gains on hopes that the Fed would delay any tapering, only to falter as the week progressed as doubts about the U.S. central bank's stance then crept in. Overall the rupee managed to post a weekly gain against the dollar and snap a five-week losing streak, although without much conviction. In particular, traders are concerned foreign investors are losing interest in India, setting up the prospect of more falls in the rupee at a time when state-run oil companies are back to sourcing dollars in markets and not through a special swap window that had been created by the central bank. Foreign institutional investors (FIIs) sold shares worth 598 million rupees ($9.5 million) on Thursday, snapping a 32 -day buying streak that totaled 238.84 billion rupees, exchange and regulatory data show. The dollar rose and U.S. surged to record highs on Friday as lingering worries that the Federal Reserve will soon start to scale back its bond-buying program. The dollar hit a fourand-a-half-month high of 101.35 yen on expectations Bank of Japan monetary policy would remain loose and a rise in Japanese stocks to six-month highs on Friday. It was last up 0.2 per cent at 101.28 yen. The euro rose to a four-year peak against the yen and gained for a second straight day against the dollar on Friday as unexpectedly robust German business sentiment data raised the appeal of the euro zone common currency. The euro was last up 0.7 percent at 137.28 yen, having risen as high as 137.32, its highest since October 2009. Against the dollar, it gained 0.5 percent to $1.3548.

BUY EUR/INR ABOVE 85.21 TGTS 85.35, 85.50 SL 84.78. SELL EUR/INR BELOW 84.70 TGTS 84.55, 84.28 SL 85.20. GBP/INR

BUY GBP/INR ABOVE 102.15 TGTS 102.30,102.45 SL 101.62. SELL GBP/INR BELOW 101.58 TGTS 101.28,101.04 SL 102.10.

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DAILY REPORT
25th NOVEMBER. 2013

CALL REPORT
PERFORMANCE UPDATES

Date
22/11/13 22/11/13 22/11/13 22/11/13 22/11/13 22/11/13 22/11/13 22/11/13 22/11/13 22/11/13 22/11/13 22/11/13

Commodity/ Currency
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
DEC DEC. DEC DEC JAN. JAN. DEC DEC. NOV. NOV. DEC DEC.

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

Entry Level
30500 30150 45500 44800 4215 4255 7315 7230 62.55 63.18 101.65 100.98

Target
30600-30750 30050-29950 45700-46000 44600-44300 4285-4235 4285-4325 7345-7385 7200-7160 62.29-62.07 63.30-63.47 101.83-102.10 100.78-100.56

Stop Loss
30350 30330 45150 45150 4255 4205 7275 7280

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

Date
22/11/13 22/11/13 22/11/13 22/11/13

Scrip
NIFTY LICHFGFIN BOI ZUARI LTD.

CASH/ FUTURE/ OPTION


FUTURE FUTURE FUTURE CASH

Strategy
SELL SELL SELL BUY

Entry Level
6050-6060 208 210 124

Target
6000-5950 205-203 204-200 127-130

Stop Loss
6100 211 216 212

Remark
BOOKED PROFIT NOT EXECUTED CALL OPEN BOOKED FULL PROFIT

US ECONOMIC REPORT
TIME (ET)
10 AM 8:30 AM 8:30 AM 9 AM 9 AM 10 AM 8:30 AM 8:30 AM 9:45 AM 10 AM 10 AM

REPORT
PENDING HOME SALES HOUSING STARTS BUILDING PERMITS CASE-SHILLER HOME PRICE INDEX FHFA HOME PRICE INDEX CONSUMER CONFIDENCE WEEKLY JOBLESS CLAIMS DURABLE GOODS ORDERS CHICAGO PMI UMICH CONSUMER SENTIMENT INDEX LEADING ECONOMIC INDICATORS THANKSGIVING DAY NONE SCHEDULED

PERIOD
OCT.

ACTUAL

CONSENSUSFORECAST
-925,000 930,000 --72.0 N/A -1.8% 63.0 73.0 --

PREVIOUS
-5.6% 891,000 926,000 12.8% YOY 8.5% yoy 71.2 N/A 3.8% 65.9 72.0 0.7%

MONDAY, NOV. 25

TUESDAY, NOV. 26
OCT. OCT. SEPT. SEPT. NOV.

WEDNESDAY, NOV. 27
11/23 OCT. NOV. NOV. OCT.

THURSDAY, NOV. 28 FRIDAY, NOV. 29


NONE SCHEDULED

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