MOSt Market Roundup

Date: Friday October 21, 2011 VELOCITY 25 VELOCITY 10

Daily Technical Analysis Equity Market

Cash Volumes (Rs in Crores) Exchange BSE (Cash) NSE (Cash) Derivatives (NSE) Advance / Decline Group Advance Decline Unchanged Top Index Gainers Scrip BAJAJ-AUTO MARUTI SIEMENS HEROMOTOCO BHEL Top Index Losers Scrip LT BHARTIARTL TATAMOTORS HINDALCO DLF LTP 1,331.65 378.65 178.40 121.50 225.65 % Change -3.87 -2.92 -2.57 -2.57 -2.15 LTP 1,643.05 1,095.80 823.65 2,052.75 321.20 % Change 1.83 1.70 1.55 1.12 1.07 Sensex 07 23 00 BSE 200 44 153 03 Today 2342 8909 149567 Pev. Day 2605 9122 159182

Sensex Dealer's Diary

16,785.64

151.25

Nifty

5,049.95

41.95

The Sensex declined by 151 points (0.9%) to close at 16786. Disappointing Asian Paints results and lower order inflow guidance by L&T pulled down the market. Markets were worried about Rupee touching nearly a 30-month low at above 50 a dollar. Moreover traders witnessed caution in the market due to short week with a holiday mid-week and symbolic trading on Thursday. Factors that will influence markets in the expiry week will be G20 meeting on rescue package for Greece debt crisis and RBI credit policy. Asian markets recovered from the days low except for China. European markets have gained by 1% and US Futures are trading in the green. Reality (Index down 2%) stocks continued to be southbound journey on concern of slower demand. DLF slipped by 3% to close at Rs225. Others like HDIL and IBULL Real declined by 3% each. L&T was the biggest loser in Capital goods sector (Index down 1.9%). The company reported better than street estimated but the company announced lower order inflow forecast to 5% from 15%. The stock nose-dived by 3.6% to close at Rs. 1335 after touching high of Rs. 1417. However BHEL ended marginally positive, pared gains from the intra-day high. Metal stocks (Index down 1.4%) declined on expectation of slowdown global demand. However, base metal on LME gained 2-4% today. Hindalco slipped by 2.4% to close at Rs122. Others like Sterlite, Tata Steel and Jindal Steel fell by 2-3% each. Select PSU banks witnessed fresh but housing finance and private banks remained weak. NHB issued a circular whereby housing finance companies (HFCs) will not be allowed to charge prepayment penalty on pre-closure of floating rate loans. Also, they will have to bring uniformity in lending rates for old and new customers with a similar risk profile. LIC Housing declined by 3% to close at Rs212. LIC slipped by 9.4% in the two consecutives day. Others like HDFC, HDFC Bank, Kotak Bank, ICICI and Axis Bank slipped by 1-2% each. However SBI gained nearly 1% to closed at Rs1948.
Nifty Futures Oct (LTP) Dealer's Diary 5,068.00 34.85 Premium 18.05

Derivative Market Daily Technical Analysis

Derivative Volumes (Rs in Crores) Exchange Index Futures Stock Futures Index Options Stock Options F&O Total Total No. of Contracts 724972 892477 4111930 156664 5886043 11772086 Turn Over 17525 22274 105391 4377 149567 299133 Put Call Ratio 0.94 0.6 0.93

Nifty opened higher above 5100 and made a high of 5120 before selling off to close the week down by 82 points. Nifty has found support around the 5000 levels this week, while facing resistance at the 5150 levels. The equilibrium in derivatives is between the 5000 and 5100 levels, with the highest call open interest at 5200 and highest put open interest at 4800. Today's trading saw call writing at 5000 to 5200 strikes, while put unwinding happened in the 5000 and 5100 strikes and put buying in the 5000 strike. On the upside 5170 is the resistance from the 11 week high, while 5000 is the intermediate support from the 50dma.
Most Active Nifty Calls Most Active Nifty Puts Index Option
OCT 5100 PE OCT 5000 PE OCT 4900 PE OCT 4800 PE

Most Active Stock Future Stock Futures RIL OCT FUT SBI OCT FUT ICICI OCT FUT Price 841.0 1943.0 587.0 No. of Contracts Vol OI 21187 35321 17971 25883 39887 26709 25757 25492

Index Option
OCT 5100 CE OCT 5200 CE OCT 5000 CE

Price No. of Contracts Vol OI

38.00 11.55 2.40 675336 121069 529708 178516 286229 126597 187598 77762

Price
68.30 28.90 11.20 5.20

No. of Contracts Vol OI

582604 502321 259403 154504 79192 128136 131704 159911

JSW STEEL OCT FUT 431.0

OCT 5000 CE 93.20

MOSt Market Roundup

Date: Friday October 21, 2011

Equity Market News Corporate Daily Technical Analysis

Global Indices* Indices Dow Fut Nasdaq Fut FTSE Hang Seng LME Rates* Indices Copper Aluminum Zinc Commodity* Indices Brent Crude Gold Silver Currency* V/S INR Dollar Euro Pound Yen Closing Price 50.10 68.95 79.47 0.653 Change(%) -0.56 -1.02 -0.94 -0.87 Closing Price 109.49 1625 30.82 Change(%) -0.10 0.75 1.67 Closing Price 7032 2110 1788 Change(%) 4.30 1.70 2.60 Closing Price 11525 2314 5425 18025 Change(%) 0.28 0.38 0.75 0.24

Sensex

16341.7

200.03

Sensex

16341.7

200.03

L&T Q2 net profit Rs7.98bn (up 4.3%), expects revenue growth trajectory in medium term, Q2 order inflow Rs161bn, cut FY12 order inflow growth forecast to 5% from 15%, total orders of Rs1.42tln and sales Rs112.50bn (up 19.4%).. JSW Steel Q2 net profit Rs1.27bn (down 61.5%), cut fy12 sales guidance by 13% to 7.80mn tons, one-time expenses Rs5.13bn on forex loss and sales Rs76.30bn (up 33.6%) First cut : Asian Paints consolidated Q2 net profit Rs2.09bn (down 21%) and sales Rs22.5bn (up 24%).. Maruti says Manesar plant strike called off after agreement.. IDEA consolidated Q2 net profit Rs1.06bn (down 40%) and sales Rs46.1bn (up 2% QoQ).. Godrej Consumer Q2 net profit Rs1.28bn (down 9%) and sales Rs11.90bn (up 25%).. United Phosphorus Q2 net profit Rs569.5mn (down 50%), one time expenses Rs143.50mn, other income Rs195.70mn (down 18%) and sales Rs17.20bn (up 41%) HCC Q2 loss Rs405.4mn (profit Rs121.3mn) and sales Rs8.38bn (down 7%).. Godrej Properties to develop 0.4mn sq ft in Bangalore projects for residential Vila project.. Mcnally Bharat wins order worth Rs860mn .. Indian court cancels land acquisition 3 villages in Nodia - HT says.. LME Copper rose the most in two weeks in London, reducing a weekly drop, on optimism European governments may end a deadlock on fighting the region's debt crisis. Copper, Zinc and Aluminum surged by 2-3% each. Global markets Asian stocks swung between gains and losses, heading for a weekly drop, on speculation European policy makers will struggle to reach a resolution on how to fight the region's debt crisis. Nikkei and China declined 0.1% and 0.6% respectively while Hang Sang gained by 0.2%. European stocks, U.S. index futures and commodities advanced amid speculation policy makers are moving closer to a deal to contain the euro-area debt crisis. FTSE, DAX and CAC gained by 0.5% each against the previous days' close.

Note - *Data as of today, 5P.M.

Data Announcement US Bloomberg Survey 46 0.0% Prior 45.4 0.8%

Consumer confidence House price Index

Expected Q2FY12 Results (Tomorrow) MOSL Estimates

Chg % Name of the Company Power Grid GAIL ITC M &M Titan Sterlite Industries Axis Bank Union Bank Period Q2FY12 Q2FY12 Q2FY12 Q2FY12 Q2FY12 Q2FY12 Q2Y12 Q2Y12 y-o-y/ q-o-q YoY YoY YoY YoY YoY YoY YoY YoY

Net Sales/ Revenues Rs in mn 22464.0 89104.0 60376.0 68920.0 22272.0 98213.0 17713.0 16442.0 5.6 9.9 17.3 29.8 45.0 61.0 9.7 7.1 Chg %

EBDITA Rs in mn 18798.0 16736.0 22460.0 9266.0 2405.0 28234.0 16007.0 12001.0

EBDITA Margin % 5.3 18.8 37.2 13.3 10.8 29.0

PAT Rs in mn 6596.0 10901.0 14952.0 7376.0 1819.0 16704.0 8780.0 5607.0

Chg % 10.3 18.0 19.9 1.4 42.3 65.7 19.4 84.8

Full Year (E) EPS 6.1 30.5 7.8 48.9 7.2 20.1 99.1 51.4

Motilal Oswal Securities Ltd., Palm Spring Centre, 2nd floor, Palm Court Complex, New Link Road, Malad (W), Mumbai - 64.

MOSt Market Roundup

Date: Friday October 21, 2011

Technical Commentary Daily Technical Analysis

The Nifty failed to sustain above the 5100 levels and closed the week with a loss of 82 points. The 50dma support around the 5000 levels remains crucial for the medium term uptrend. The Nifty needs to break out above the 11 week high at 5170 for further upsides. The 14 day RSI is at 51, while the 14 week RSI is at 44. The Daily Parabolic SAR is indicating an uptrend with reversal at 4963, while the 12 day ROC is at 6%.

Daily Technical Recommendations Follow up - Open Analysis

Date Positional Call# 20-Oct Option Strategy# 28-Sep 3-Oct 3-Oct 3-Oct 10-Oct JPASSOCIAT 70 PE NIFTY 4800 PE NIFTY 4500 PE NIFTY 4500 PE JPASSOCIAT 65 PE BUY BUY SELL SELL SELL 4.75 143.35 60 60.4 1.25 4000 50 50 50 4000 1.55 5.2 0.9 0.9 0.35 0 0 0 0 0 0 0 0 0 0 (12819) (6907) 2954 2974 3595 SESAGOA SELL 209.78 1000 206.9 195 217 2705 Scrip Reco Price Lot Close Target Stop Loss MTM +/-

# Please Watch for Followup Alerts provided on the Trading Screen / Call your MOSL Advisor

Motilal Oswal Securities Ltd., Palm Spring Centre, 2nd floor, Palm Court Complex, New Link Road, Malad (W), Mumbai - 64.

MOSt Market Roundup

Date: Friday October 21, 2011

Pivot Technical Analysis Daily Table

Co. Name Nifty Sensex ACC AMBUJACEM AXISBANK BAJAJ-AUTO BHARTIARTL BHEL BPCL CAIRN CIPLA COALINDIA DLF DRREDDY GAIL GRASIM HCLTECH HDFC HDFCBANK HEROMOTOCO HINDALCO HINDUNILVR ICICIBANK IDFC INFY ITC JINDALSTEL JPASSOCIAT KOTAKBANK LT M&M MARUTI NTPC ONGC PNB POWERGRID RANBAXY RCOM RELIANCE RELINFRA RPOWER SAIL SBIN SESAGOA SIEMENS STER SUNPHARMA TATAMOTORS TATAPOWER TATASTEEL TCS WIPRO Close 5,050 16,786 1,122 151 1,124 1,644 379 321 644 289 287 329 225 1,533 420 2,300 414 637 488 2,053 122 327 872 122 2,724 205 529 70 466 1,332 804 1,094 170 265 976 100 498 74 839 399 86 106 1,949 206 825 116 488 178 98 433 1,051 356 Low 5,038 16,752 1,112 150 1,122 1,614 377 318 636 283 286 328 222 1,512 415 2,280 410 630 483 2,005 121 325 867 120 2,707 203 526 69 464 1,325 795 1,088 169 264 976 98 496 74 831 397 83 105 1,936 205 811 114 484 177 97 431 1,043 350 S2 4,987 16,577 1,105 146 1,111 1,597 367 314 628 280 284 324 219 1,490 411 2,245 406 619 479 1,980 118 321 857 119 2,685 202 515 67 458 1,265 788 1,070 167 261 961 97 490 73 822 389 83 104 1,920 200 806 112 477 172 95 422 1,034 347 S1 5,018 16,681 1,113 148 1,118 1,620 373 317 636 285 286 326 222 1,512 416 2,273 410 628 484 2,017 120 324 865 120 2,704 203 522 69 462 1,299 796 1,082 169 263 969 98 494 74 830 394 84 105 1,934 203 816 114 482 175 97 428 1,043 352 PP 5,070 16,857 1,121 152 1,129 1,638 382 322 644 287 288 330 226 1,533 419 2,307 414 639 488 2,041 123 328 874 122 2,727 205 533 70 468 1,358 803 1,100 170 266 983 99 500 75 840 402 85 106 1,951 208 820 116 490 180 98 436 1,051 355 R1 5,101 16,961 1,129 154 1,135 1,661 388 325 652 292 289 332 229 1,555 424 2,335 418 648 492 2,078 124 331 881 123 2,746 206 540 72 472 1,392 811 1,112 172 268 991 100 504 76 849 407 87 107 1,966 211 830 117 495 183 99 442 1,060 359 R2 5,152 17,137 1,136 157 1,146 1,678 398 330 659 294 291 336 233 1,576 427 2,369 422 659 496 2,102 127 335 891 125 2,769 208 551 73 478 1,451 819 1,129 173 270 1,005 101 509 77 858 415 88 108 1,982 216 834 119 503 189 100 450 1,068 363 High 5,121 17,032 1,128 155 1,140 1,655 392 326 651 290 290 333 229 1,555 423 2,342 419 650 492 2,066 126 332 883 123 2,749 207 544 72 474 1,418 811 1,118 172 268 998 100 505 76 849 410 86 107 1,967 213 825 118 497 186 99 445 1,060 358

Motilal Oswal Securities Ltd., Palm Spring Centre, 2nd floor, Palm Court Complex, New Link Road, Malad (W), Mumbai - 64.

Date: Friday October 21, 2011

MOSt VELOCITY 25

Account Summary
Cash Market
Model Corpus Value Total Return till date Booked Profit Unrealised Profit

Benchmarks Comparison
(`)
2500000 6053 22982 -16930 0.2% 0.9% -0.7% BSE 200

Return %

Index

9th Sep 2011

2088.0

CMP

Benchmark (%)

Relative Performance
1.9%

2054.0

-1.6%

Stock Name
Maruti Suzuki BHEL SBI HINDALCO CIPLA Cash Total

Sector Name
Auto Engineering Financials Metals Pharma

Reco Date
9-Sep-11 14-Sep-11 16-Sep-11 10-Oct-11 14-Oct-11

Buy/ Sell
BUY BUY BUY BUY BUY

Wtg. (%)
5.0% 5.0% 7.5% 7.5% 7.5% 67.5% 100%

No. of Shares
111 364 97 1465 658

Reco Price
1122 343 1925 128 285

CMP

Mark to Market

Remarks

1095 320 1948 122 287

-3058 -8345 2240 -9082 1316

-16930

Gain/Loss Summary
Stock Reco Date
IDFC HCL Tech YES Bank Total

Wtg (%)

No.of Shares
115 396 289

Reco Price
123 431 290

Exit Price
776 1174 752

Charges

Gain/ Loss

Exit Date

20-Sep-115.0% 1087 27-Sep-117.5% 21-Sep-115.0% 473 433

7920 15381 -319 22982

12-Oct-11 14-Oct-11 20-Oct-11

Motilal Oswal Securities Ltd., Palm Spring Centre, 2nd floor, Palm Court Complex, New Link Road, Malad (W), Mumbai - 64.

Date: Friday October 21, 2011

MOSt VELOCITY 10
Account Summary
Cash Market
Model Corpus Value Total Return till date Booked Profit Unrealised Profit

Benchmarks Comparison
(`)
1000000 2416 9188 -6772 0.2% 0.9% -0.7% BSE 200

Return %

Index

9th Sep 2011

2088.0

CMP

Benchmark (%)

Relative Performance
1.9%

2054.0

-1.6%

Stock Name
Maruti Suzuki BHEL SBI HINDALCO CIPLA Cash Total

Sector Name
Auto Engineering Financials Metals Pharma

Reco Date
9-Sep-11 14-Sep-11 16-Sep-11 10-Oct-11 14-Oct-11

Buy/ Sell
BUY BUY BUY BUY BUY

Wtg. (%)
5.0% 5.0% 7.5% 7.5% 7.5% 67.5% 100%

No. of Shares
45 146 39 586 263

Reco Price
1122 343 1925 128 285

CMP

Mark to Market

Remarks

1095 320 1948 122 287

-1223 -3338 896 -3633 526

-6772

Gain/Loss Summary
Stock Reco Date
IDFC HCL Tech YES Bank Total 20-Sep-115.0% 27-Sep-117.5% 21-Sep-115.0%

Wtg (%)
435 189 173 -

No.of Shares
115 396 289

Reco Price
123 431 290

Exit Price
311 469 301

Charges

Gain/ Loss

Exit Date
-

3169 6146 -128

12-Oct-11 14-Oct-11 20-Oct-11 9188

Motilal Oswal Securities Ltd., Palm Spring Centre, 2nd floor, Palm Court Complex, New Link Road, Malad (W), Mumbai - 64.

MOSt Market Roundup

Date: Friday October 21, 2011

Disclaimer Daily Technical Analysis

Pivot Point: Intra-Day Trading tool. PP : Pivot Point : This is trigger point for Intra Day buy/sell based on the price range of the previous day. R1 : Resistance one : 1st Resistance over PP. R2 : Resistance two : 2nd Resistance over R1. S1 : Support one : 1st support after PP. S2 : Support Two : 2nd support after S1. As per the tool, the trader should take BUY position just above PP and keep the stop loss of PP and the first target would be R1. If R1 is crossed then R2 becomes the next target with the stop loss at R1. Similarly if price goes below PP the trader should SELL and keep the PP as Stop loss and the first target would be S1. If S1 is crossed then S2 becomes the next target with the stop loss at S1. This is a intra-day tool. The key to use of this tool is the use of STOP LOSS.
Intra-Day Trading : In general people on the street want to make big bucks overnight and resort to day trading. Day trading is like fighting a battle and to
win a battle you need to be equipped with the winning tools. Here we present some of the rules one must adhere to win or to survive. Determine the amount one can afford losing in a day. Do not bet entire amount on a single trade. Divide the amount you can lose in few equal numbers of trades. Stop trading for the day if you have lost the entire amount you allocated for the day. Keep reasonable profit to loss ratio. Profit expected from the trade must be higher than the amount you are ready to lose on the trade. The ratio of 1.5 to 2 is advisable. Do not enter the trade if this condition is not satisfied. Always trade with the trend. Never enter into a trade which is against the larger trend. Avoid trading for the minor pullback or correction. Keep reasonable stop loss levels and follow them very strictly. Never let a profit turn into losses, means keep trailing stop loss. Do not get emotional with the fundamentals in day trading.
Disclaimer : This report is for personal information of the authorized recipient and does not construe to be any investment, legal or taxation advice to you. This research report does not constitute an offer, invitation or inducement to invest in securities or other investments and Motilal Oswal Securities Limited (hereinafter referred as MOSt) is not soliciting any action based upon it. This report is not for public distribution and has been furnished to you solely for your information and should not be reproduced or redistributed to any other person in any form. Unauthorized disclosure, use, dissemination or copying (either whole or partial) of this information, is prohibited. The person accessing this information specifically agrees to exempt MOSt or any of its affiliates or employees from, any and all responsibility/liability arising from such misuse and agrees not to hold MOSt or any of its affiliates or employees responsible for any such misuse and further agrees to hold MOSt or any of its affiliates or employees free and harmless from all losses, costs, damages, expenses that may be suffered by the person accessing this information due to any errors and delays. The information contained herein is based on publicly available data or other sources believed to be reliable. While we would endeavour to update the information herein on reasonable basis, MOSt and/or its affiliates are under no obligation to update the information. Also there may be regulatory, compliance, or other reasons that may prevent MOSt and/or its affiliates from doing so. MOSt or any of its affiliates or employees shall not be in any way responsible and liable for any loss or damage that may arise to any person from any inadvertent error in the information contained in this report . MOSt or any of its affiliates or employees do not provide, at any time, any express or implied warranty of any kind, regarding any matter pertaining to this report, including without limitation the implied warranties of merchantability, fitness for a particular purpose, and non-infringement. The recipients of this report should rely on their own investigations. This report is intended for distribution to institutional investors. Recipients who are not institutional investors should seek advice of their independent financial advisor prior to taking any investment decision based on this report or for any necessary explanation of its contents. MOSt and/or its affiliates and/or employees may have interests/positions, financial or otherwise in the securities mentioned in this report. To enhance transparency, MOSt has incorporated a Disclosure of Interest Statement in this document. This should, however, not be treated as endorsement of the views expressed in the report.

Motilal Oswal Securities Ltd., Palm Spring Centre, 2nd floor, Palm Court Complex, New Link Road, Malad (W), Mumbai - 64.