17th Dec 2013

MARKET DIARY
SGX NIFTY : 6224 ( 45pts Up )

Quote of The Day

"The time of maximum pessimism is the best time to buy and the time of maximum optimism is the best time to sell." John Templeton

MARKET
Name Sensex Nifty DOW NASDAQ CAC DAX FTSE NIKKIE HANG SENG EW ALL SHARE Value 20659.52 6154.7 15884.7 4029.52 4119.88 9163.56 6522.2 15310.01 23216.51 9797.10 Change (56.06) (13.70) 129.21 28.54 60.17 157.10 82.24 157.10 101.85 (1.28)

Chart of the Day Indian WPI Trend

INSTITUTIONAL TURNOVER
FII Investor 16th Dec, 13 Buy(Cr.) 2333.74 34906.01 717959.31 DII Investor 16th Dec, 13 Dec,13 2013 Buy(Cr.) 997.80 10548.74 245634.53 Sale(Cr.) 1,127.30 16,479.54 3,13,452.26 Net(Cr.) (129.50) (5930.80) (67817.73) Sale(Cr.) 2,174.19 27,784.16 6,37,274.11 Net(Cr.) 159.55 7121.85 80685.20

Index Action-Nifty (16th Dec, 13)

Dec,13 2013

Contents Economic calendar News Derivative Research

Index

Page 4 3 2

Coverage UPDATE UPDATE UPDATE UPDATE

COMMODITY PRICE COMMODITY/CURRENCIES Value GOLD 28860.00 SILVER 45290.00 CRUDEOIL 109.24 COPPER NATURALGAS DOLLAR/RS. EURO/RS. POUND/RS. 460.65 264.20 61.73 84.85 100.57

Narnolia Securities Ltd.

124, 1st floor 7/1, Lords Sinha Road Kolkata -700071. Ph 033-22821500/01/02/03/04 Mob : 9830013196 email: research@narnolia.com, website : www.narnolia.com

Derivative Research
NIFTY SNAPSHOT Nifty Spot Nifty Dec 2013 Future Nifty Jan 2013 Future Nifty Dec 2013 Open Interest Nifty Jan 2013 Open Interest 7 DMA of Spot Nifty 21 DMA of Spot NIfty 50 DMA of Spot Nifty VOLATILITY INDEX (VIX) PUT CALL RATIO Nifty (Dec Series) Option OI Distribution: 6154.70(-13.70) 6176 6229 22460900 4159350 6260 6174 6145 18.36(-0.52) 0.91 GRAPH

Index Outlook

Activity of Nifty (Dec Series) Strike CALL OI % Chng 6000 1695900 0.7 6100 1612650 9.8 6200 3787400 12.9 6300 6750650 4.2 6400 4852250 3.2 6500 5171850 -3.1 Fresh Long Seen In (Rising OI -Rising Price) Scrip OI OI ch% CESC 8,47,000 19.0 ARVIND 68,36,000 17.8 OFSS 1,87,750 17.0 TECHM 25,49,500 8.0 APOLLOTYRE 253,24,000 6.4 PCR (OI) STOCK T1 AUROPHARMA 1.76 INFY 1.35 JUBLFOOD 0.80 GMRINFRA 0.46 ICICIBANK 0.78

PUT OI 5614550 4764000 3513900 2595200 1024750 713800 CMP 429.1 123.7 3184.7 1742.3 84.8 T2 0.85 0.83 0.58 0.34 0.61 % Chng 5.2 4.8 -5.2 -5.9 -24.3 -3.9 Ch% 2.6 3.4 3.5 3.0 3.4

FIIs Activity (Fig in Cr) Segment INDEX FUTURE INDEX OPTION STOCK FUTURE STOCK OPTION TOTAL

Buy
1141.01

Sell 1,660 11,179

1709.04

Net (519) 387 (596) 5 (722)

11,566
1112.97

928 14,748

923 15,471

Fresh Shorts Seen In: (Rising OI -Falling Price) Scrip OI OI ch% CMP JPPOWER 151,64,000 12.3 18.1 PETRONET 21,98,000 7.6 120.4 BHARTIARTL 149,13,000 6.8 314.0 BHARTIARTL 149,13,000 6.8 314.0 TATAMTRDVR 107,02,000 6.4 185.8 YESTERDAY'S IMPACT TRADE STOCK STRIKE CE STOCK SBIN 1800 CE SBIN TCS 2100 CE INFY RELIANCE 860 CE ICICIBANK INFY 3500 CE TATASTEEL TATASTEEL 420 CE INFY

Ch% -2.7 -1.1 -2.2 -2.2 -2.8 STRIKE PE 1700 PE 3400 PE 1100 PE 400 PE 3300 PE

Markets Snapshot
Top Price Performers Top Performers 1D NITINSPIN RAMKASH DALMIABEL GLAXO AUROPHARMA Worst Price Performers Worst Performers 1D MBSWITCH BIRLACOT SPANCO CINEPRO DHANUS % Change (11.49) (10.00) (9.30) (9.21) (9.09) Worst Performers 1W SPANCO SIGRUN KINETICENG SGJHL PARAL % Change (26.88) (25.00) (22.40) (22.11) (21.31) Worst Performers 1M GODREJPROP ZENITHINFO MBSWITCH SIGRUN KINETICENG % Change (54.70) (48.09) (43.52) (42.86) (40.57) % Change 19.98 19.93 19.83 18.60 12.62 Top Performers 1W BFUTILITIE HOVS DQE MLKFOOD CHROMATIC % Change 27.58 27.53 27.21 27.16 27.02 Top Performers 1M RMCL YBRANTDIGI VBCIND ASHAPURMIN DICIND % Change 86.53 80.45 66.03 59.02 56.99

Top News :
Alstom T&D India Ltd has informed that the Company, in respect of its land in Bengaluru, which was previously used for manufacturing instrument transformers and the sale of which has been duly authorised by the shareholders of the Company, has entered into an Agreement for Sale, with a large Indian Business Group company, for a total sale consideration of approximately Rs. 120 crore (Rupees one hundred and twenty crore only). The sale is subject to the mutual satisfaction of terms, conditions and obligations mentioned in the Agreement for Sale; and is likely to be concluded upon execution of a Sale Deed in three months time or earlier . Canara Bank decided to raise additional capital of Rs. 1500 Crore through issue of BASEL-III complaint Tier-II Bonds (Series-I). The Bank received ratings of "AAA / Stable" (pronounced 'CRISIL Triple A rating with Stable Outlook') from CRISIL Limited & *ICRA+ AAA (hyb) (Pronounced ICRA Triple A Hybrid with Stable Outlook) from ICRA Limited for the proposed issue of the said Bonds . Tilaknagar Industries News Clarification : News regarding "Tilaknagar to buy top IFB liquor brands" . Tilaknagar Industries Ltd has clarified to Tilaknagar Industries Ltd. (TI) is part of a dynamic and growing industry and as part of the Companys ongoing growth and expansion endeavors; it is always evaluating several opportunities synergistic to its business. Towards this objective, the Company has assessed the addition of certain IFB Agros brands to its portfolio. However, at present there is no conclusive development on the matter. Should there be any concrete development, the Company will make a formal communication to that effect at an appropriate time. Any inference at this stage would be hypothetical in nature. Coal India has approved an additional 10% increase on the notified price for subsidiaries other than Western Coalfields Limited (WCL) applicable w.e.f. May 28, 2013 on the existing notified price of non-coking coal of WCL of G-6 to G-17 bands w.e.f. 00 hours of December 17, 2013. Clariant Chemicals (India) Ltd Considered and approved the proposal for acquisition of masterbatch business from Vadodara based M/s. Plastichemix Industries, having its production facilities located at Rania, Nandesari and Kalol in Gujarat, as going concern for a consideration of Rs. 135 crore . The effective date for acquisition is planned to be Q1, 2014 SpiceJet Ltd, Indias preferred budget airline, and Tigerair, Singaporeslargest budget airline, have signed a three-year interline agreement to pave the way for greater connectivity between flights operated by both carriers. The China HSBC flash purchasing managers' index (PMI) fell to 50.5 for the month, compared to 50.8 in November. Growth in new order and new export orders increased at a faster rate, while employment decreased at a faster rate. Indian Nov WPI inflation @ 7.52 % Vs 7 % ( Expectation ) . Sept WPI Inflation revised @ 7.05 % Vs 6.46 % . Food Article inflation @ 19.93 % Vs 18.19 % ( MoM ) . Primary Article inflation @ 15.32 % Vs 14.68 % ( MoM ) . Manufacturing Article inflation @ 2.60 % Vs 2.50% ( MoM ) . Fuel & Power Article inflation @ 11.08 % Vs 10.38 % ( MoM ) . Eurozone manufacturing purchasing managers index inched up to a seasonally adjusted 52.7 this month from a final reading of 51.6 in November. Analysts had expected the index to inch up to 51.9 this month.On the index, a reading above 50.0 indicates industry expansion, below indicates contraction.

Management Tweets
TTK Prestige Mgt Guideline : The company is expecting a 10 percent revenue growth for FY14, which could be a challenge considering for the first half of the year the growth stood at 2 percent.The management said the margins are likely to remain under pressure going forward and may fall by 50bps/year in 3-4 years. The companys Q2 EBITDA margin declined 200bps and the gross margin declined by 300 bps. Investment bank Jefferies has downgraded TTK Prestige to underperform from hold. Godrej Consumer Mgt Guideline : Company is confident that the sector will continue its outperformance. Company is hopeful of seeing an uptick in the urban demand and the rural demand is expected to be strong due to good harvest.Company aims to grow 10 times in the next 10 years .

Economic Calendar
Monday 16-Nov Tuesday 17-Nov Wednesday 18-Nov Thursday 19-Nov Friday 20-Nov

US

Empire State Manufacturing Index , Revised Nonfarm Productivity q/q , Building Permits , Housing Starts , Crude Oil Unemployment Claims , Existing Home Sales , TIC Long-Term Purchases , Capacity Core CPI m/m , CPI m/m , Current Inventories , FOMC Economic Projections , Final GDP q/q , Final GDP Price Index q/q , Philly Fed Manufacturing Index , CB Leading Utilization Rate , Industrial Account , NAHB Housing Market Index . FOMC Statement , Federal Funds Rate , Flash Manufacturing PMI . Index m/m , Natural Gas Storage . Production m/m , Revised Unit Labor FOMC Press Conference . Costs q/q .

UK/EURO ZONE

Current Account , CPI y/y , Core CPI y/y , Trade Balance , German Buba Monthly Report .

CPI y/y , PPI Input m/m , RPI y/y , PPI Output m/m , Core CPI y/y .

German PPI m/m , GfK German Claimant Count Change , MPC Asset Consumer Climate , French Flash Purchase Facility Votes , MPC Official Bank Manufacturing PMI , French Flash Rate Votes , Unemployment Rate , Average Services PMI , German Flash Current Account , Retail Sales m/m , Final GDP Earnings Index 3m/y , Public Sector Net Manufacturing PMI , German Flash q/q , Borrowing , German ZEW Economic Services PMI , German Ifo Business Sentiment , ZEW Economic Sentiment , BOE Climate , Flash Manufacturing PMI , Flash Inflation Letter . Services PMI , Net Lending to Individuals m/m , CBI Industrial Order Expectations

INDIA

Advance Tax No , WPI Data

RBI Monetary Policy

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