20th Dec 2013

MARKET DIARY
SGX NIFTY : 6156 ( 30pts Down )

Quote of The Day

"The key to making money in stocks is not to get scared out of them." Peter Lynch Name Sensex Nifty DOW NASDAQ CAC DAX FTSE NIKKIE HANG SENG EW ALL SHARE

MARKET
Value 20708.62 6166.65 16179.08 4058.14 4177.03 9335.74 6584.7 15761.86 22854.9 9875.74 Change (151.24) (50.50) 11.11 (11.92) 67.62 153.99 92.62 (97.36) (33.85) (38.79)

Chart of the Day Gold Import Trend

INSTITUTIONAL TURNOVER
FII Investor 19th Dec, 13 Buy(Cr.) 4286.14 46880.16 729933.46 DII Investor 19th Dec, 13 Dec,13 2013 Buy(Cr.) 1617.49 14197.34 249283.13 Sale(Cr.) 1,659.08 20,679.57 3,17,652.29 Net(Cr.) (41.59) (6482.23) (68369.16) Sale(Cr.) 2,022.03 36,045.67 6,45,535.62 Net(Cr.) 2264.11 10834.49 84397.84

Index Action-Nifty (19th 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 28410.00 SILVER 43850.00 CRUDEOIL 110.10 COPPER NATURALGAS DOLLAR/RS. EURO/RS. POUND/RS. 460.80 276.70 62.14 84.76 101.71

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: 6166.65(-50.50) 6183 6236 18971200 5896450 6198 6174 6161 16.58(-0.96) 0.96 GRAPH

Index Outlook

Activity of Nifty (Dec Series) Strike CALL OI % Chng 5900 323200 -2.3 6000 1623550 -0.7 6100 2058450 23.9 6200 5479950 33.2 6300 7634500 11.0 6400 4898800 -16.4 Fresh Long Seen In (Rising OI -Rising Price) Scrip OI OI ch% PTC 28,84,000 18.4 APOLLOTYRE 349,84,000 13.0 TECHM 25,48,250 8.0 MARUTI 37,15,000 7.5 BHARATFORG 17,50,000 6.6 PCR (OI) STOCK T1 TECHM 0.67 GLENMARK 0.71 LUPIN 0.47 TATACOMM 0.23 HINDZINC 0.33

PUT OI 3238650 5798150 5517050 4542050 2517450 527300 CMP 63.8 88.9 1791.6 1780.7 325.0 T2 0.42 0.56 0.39 0.19 0.28 % Chng 0.5 1.9 -2.7 -7.2 -13.4 -65.8 Ch% 0.7 0.3 3.7 3.0 4.0

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

Buy 2,587 16,971 3,175 1,485 24,218

Sell 2,038 17,907 3,316 1,522 24,782

Net 549 (936) (140) (37) (564)

Fresh Shorts Seen In: (Rising OI -Falling Price) Scrip OI OI ch% CMP RELCAPITAL 89,23,000 22.0 343.8 RELINFRA 51,22,000 11.9 413.2 BIOCON 29,33,000 11.8 429.1 RECLTD 26,13,000 8.3 204.4 DISHTV 140,48,000 6.1 59.5 YESTERDAY'S IMPACT TRADE STOCK STRIKE CE STOCK SBIN 1800 CE SBIN POWERGRID 100 CE POWERGRID TCS 2100 CE RELIANCE RELIANCE 880 CE AXISBANK MCDOWELL-N 2600 CE ICICIBANK

Ch% -4.4 -3.3 -1.9 -2.9 -3.8 STRIKE PE 1700 PE 95 PE 840 PE 1250 PE 1060 PE

Markets Snapshot
Top Price Performers Top Performers 1D WELCORP PGEL NEULANDLAB LIBERTSHOE CMC Worst Price Performers Worst Performers 1D STAR SANWARIA VALUEIND SIGRUN MBSWITCH % Change (57.87) (19.93) (11.29) (10.00) (9.60) Worst Performers 1W STAR SIGRUN MBSWITCH SANWARIA KINETICENG % Change (58.20) (35.71) (34.91) (26.66) (22.33) Worst Performers 1M STAR MBSWITCH SIGRUN ZENITHINFO KINETICENG % Change (62.66) (53.02) (50.00) (48.68) (48.27) % Change 19.97 17.80 16.44 13.13 11.92 Top Performers 1W NEULANDLAB VAIBHAVGEM NITINSPIN MARKSANS MLKFOOD % Change 39.73 38.39 34.32 28.85 27.40 Top Performers 1M DQE YBRANTDIGI SVCRES GLOBOFFS MVL % Change 75.44 65.60 61.90 54.89 53.15

Top News :
Gujarat Gas Company Limited (GGCL) has executed an amendment agreement with GAIL (India) Limited (GAIL) for - Supply of Administered Price Mechanism ("APM) gas for 0.429 million metric standard cubic meters of gas per day (mmscmd) on firm basis & PannaMukta and Tapti (PMI) gas for 0.059 mmscmd on firm basis and, Revision in allocation for PMT gas from existing 2.13 mmscmd to 1.66 mmscmd. Bharti Airtel is in advanced talks to sell its Sri Lankan business to UAE-based Etisalat . Airtel is learnt to be seeking USD 500-600 million (Rs 3,000-3,600 crore) from the sale and had originally invested USD 300 million in the business and intends to use the sale proceeds to reduce its debt . LupinLimited(Lupin)announced that its US subsidiary Lupin has launched its Abacavir Sulfate, Lamivudine,and Zidovudine Tablets, 300 mg (ba se) /150 mg /300in the US after the US District Court for the District of Delaware ruled that the Lupins generic version of Trizivir did not infringe on patents. Wockhardt Bio AG, Switzerland has allocated 2,348,000 Ordinary shares of CHF 1.00 each representing 5% of the post diluted capital for subscription at a price of CHF 5.05 per ordinary share for its initial public offering. The Ordinary shares of Wockhardt Bio AG are scheduled to be listed on December 19, 2013 on the Berne Stock Exchange, Switzerland. GAIL India Ltd, has doubled the marketing margin it charges from customers on sale of a small volume of ONGC. GAIL used to charge Rs 200 per thousand cubic metres (Rs 5 per million British thermal unit) as effort money or marketing margin from consumers like fertiliser plants and power stations, for selling natural gas sourced from fields that Oil and Natural Gas Corp ( ONGC ) had got from the government on nomination basis (called APM gas). NTPC has signed a loan agreement, at a fixed interest rate facility, for EUR 55 million with KfW, the German government development financial institution. The loan shall be utilized to part finance the capital expenditure of its Mouda Super Thermal Power Project, Stage-II. European Central Bank said that the euro zone current account recorded a seasonally adjusted surplus of EUR21.8 billion in October, widening from a surplus of EUR14.9 billion in September, whose figure was revised up from a previously reported surplus of EUR13.7 billion. U.S. Commerce Department said that the number of building permits issued last month declined by 3.1% to a seasonally adjusted 1.007 million from Octobers total of 1.039 million. Analysts expected building permits to fall by 4.7% to 0.990 million units in November. Japanese Ministry of Economy, Trade and Industry said that Japans All Industries Activity Index fell to a seasonally adjusted -0.2%, from 0.4% in the preceding month. Analysts had expected Japans All Industries Activity Index to fall -0.2% last month. U.K. Office for National Statistics said retail sales increased by a seasonally adjusted 0.3% last month, matching forecasts. Retail sales for October was revised down to a 0.9% drop from a previously reported 0.7% drop.

Management Tweets
Eicher Motors Mgt Guideline : The company expects a better business going forward. The motorcycle business is trending towards 20 percent EBITDA margin. Mgt expect production of 2.5 lakh units in the motorcycle segment next year . Company is not overly worried about the CV business as it has been able to maintain positive margins and expects a recovery in 2014. The company is looking to invest Rs 700 crore in the next 12-18 months, and is planning to invest heavily into new products, including new engines. Persistent Systems Mgt Guideline : Company has invested USD 150,000-250,000 in a US-based life sciences start-up called DxNow through Persistent Venture Fund. More than 85% of the companys business comes from the US markets. The company believes it can beat NASSCOM guidance for FY14 . Petronet LNG Mgt Guideline : Company has been operating below capacity as it is yet to be connected to pipelines reaching different markets . Mgt would not be able to provide a timeline as to when the pipeline would be laid.Because of the Kochi terminal not coming and operating at a higher capacity it will impact our current-year numbers because of the depreciation and the interest burden .
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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