DAILY REPORT

2nd SEPT. 2013

Global markets at a glance Asian markets mostly rose on Friday following upbeat US economic growth data and easing concerns about an imminent strike on Syria although gains were capped by mild profit-taking following the previous day's gains. Shanghai ended flat, edging up 1.16 points to 2,098.38, while Hong Kong closed up 0.12 percent, or 26.59 points at 21,731.37. Today Asian Markets are trading positive. U.S. stocks fell on Friday after the U.S. government laid out a case to launch limited military strikes against Syria. At the close of U.S. trading, the Dow Jones Industrial Average finished down 0.21%, the S&P 500 index fell 0.32%, while the Nasdaq Composite index fell 0.84%. Wall Street Update A sharp decline in the Indian rupee, which has fallen by around 20% against the U.S. dollar since the start of this year, has worsened the outlook for Indias economic and financial health. A slowing economy typically hits smaller companies the most, because they dont have enough financial resources to get through a downturn. In comparison, large companies often have huge pools of cash and access to bank lending, and can continue to grow during slowdowns. Previous day Roundup The Sensex ends up 218.68 points or 1.19 percent at 18619.72, and the Nifty ends at 5471.80, up 62.75 points. About 1146 shares have advanced, 1061 shares declined, and 185 shares are unchanged. Index stats Both Bankex and Bank Nifty gained 1.59% & 1.62% respectively. Although Excluding Metals [down 162.96] and Capital Goods [down 11.06] all sectors closed on a upside note. Consumer Durables [up 104.81pts], Oil & Gas [up 54.79pts] , PSU [up 30.22pts]. FMCG [up 95.96 pts], TECK [up 63.46 pts], Healthcare [up 140.58 pts], IT [up 122.13pts].

World Indices
Index DJl S&P 500 NASDAQ EURO STO FTSE 100 Nikkei 225 Hong Kong Value 14,810.31 1,632.97 3,589.87 2,721.37 6,412.93 13,513.61 21,948.72 % Change -0.21 -0.32 -0.84 -1.34 -1.08 +0.71 +1.67

Top Gainers
Company CMP Change % Chg

BAJAJ-AUTO CIPLA TCS

1,832.00 417.75 2,030.00

CMP

91.55 20.10 82.90

Change

5.26 5.05 4.26

% Chg

Top Losers
Company

JINDALSTEL GRASIM RANBAXY TATASTEEL HINDALCO

Symbol

221.05 2,229.00 407.00 271.30 104.50

Prev. Close

-22.45 -72.65 -11.00 -7.05 -2.60

Change

-9.22 -3.16 -2.63 -2.53 -2.43

%Chg

Stocks at 52 Weeks high

BOCON CMAHENDRACY HCL TECH HEROMOTOCO
Symbol

351.00 174.80 1,044.90 2,009.95

Prev. Close

1.45 5.45 27.25 36.65

Change

0.41 3.22 2.68 1.86

%Chg

Stocks at 52 Weeks Low

ADANIENT COAL INDIA CUB FINANTECH 140.15 254.30 39.90 114.00 -10.65 4.00 -0.65 -27.40 -7.06 1.60 -1.60 -19.38

Top Losers
Company CMP Change % Chg

NIFTY SENSEX

5,471.80 18,619.72

62.75 218.68

+1.16 +1.19

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DAILY REPORT
2nd SEPT. 2013

EQUITY CASH & FUTURE

STOCK RECOMMENDATIONS [FUTURE] 1. HIND UNILEVER

STOCK RECOMMENDATION [CASH] 1. AMBUJA CEMENT

HIND UNILEVER is looking strong on charts and long build up has been seen in this stock, we may see more upside in this stock if it continues to sustain above 625levels. We advise buying around 620-625 levels with strict stop loss of 615 for the targets of 635- 650 levels. 2. CIPLA

AMBUJA CEMENT is looking strong on charts . We advise buying above 172 with strict stop loss of 168 for the targets of 175-178 levels.

MACRO NEWS India is set to make a big splash for the first time at the China-Eurasia Expo being held in Xinjiang province from next week, showcasing its business strengths in areas such as IT, Banking and heavy machinery. India is set to make a big splash for the first time at the China-Eurasia Expo being held in Xinjiang province from next week, showcasing its business strengths in areas such as IT, Banking and heavy machinery. Petrol price hiked by Rs 2.35 per litre, diesel by 50 paise.

CIPLA is looking strong on charts and long build up has been seen in this stock, we may see more upside in this stock if it continues to sustain above 410 levels. We advise buying around 415-418 levels with strict stop loss of 410 for the targets of 425-430 levels.

CORPORATE ACTION TODAY

SCRIP ACTION Rs. Per Share

VAKRANSOFT GUFICBIO ASTEC

DIVIDEND DIVIDEND DIVIDEND

0.2 0.05 0.7 Call us at +91-731-6642300

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DAILY REPORT
2nd SEPT. 2013

FUTURE & OPTION

MOST ACTIVE PUT OPTION

Symbol Option Type PE PE PE PE PE PE PE Strike Price 5,200 5,300 8,000 1,400 820 3,000 LTP Traded Volume (Contracts) 2,87,769 2,61,632 2,25,588 11,481 3,396 2,192 1,961 Open Interest 44,27,700 65,02,800 38,77,350 23,226.58 2,09,250 1,33,750 1,28,750

NIFTY NIFTY NIFTY BANK NIFTY SBIN RELIANCE INFY

75.00 98.00 86.00 33.00 18.50 55.00

5,400 127.75

STOCKS IN NEWS Gitanjali Gems seeks Rs 1,000 crore more in loans from banks. Indian Bank has revised its interest rates on foreign currency non-resident (Banking) term deposits with immediate effect. Bharti Airtel emerges as frontrunner to acquire Loop Mobile. NIFTY FUTURE

MOST ACTIVE CALL OPTION

Symbol Option Type CE CE CE CE CE CE CE CE CE Strike Price 5,500 5,600 5,700 10,000 1,600 900 860 1,500 40 LTP Traded Volume (Contracts) 3,28,907 3,24,316 2,53,633 13,410 5,492 3,814 3,845 3,473 3,798 Open Interest 33,49,150 29,57,350 29,81,550 1,69,625 3,03,750 3,61,750 1,44,500 1,21,375 58,92,000

NIFTY NIFTY NIFTY BANKNIFTY SBIN AXIS BANK RELIANCE SBIN JPASSOCIAT

125.40 81.00 46.70 84.00 42.55 37.60 27.50 85.00 1.00

Nifty Future as expected closed in the green in the last trading session. We advise buying on dips around 5420 -5440 with strict stop loss of 5375 for the targets of 5490-5550 levels.

FII DERIVATIVES STATISTICS

BUY SELL OPEN INTEREST AT THE END OF THE DAY

No. of Amount in No. of Amount in No. of Contracts Crores Contracts Crores Contracts INDEX FUTURES INDEX OPTIONS STOCK FUTURES STOCK OPTIONS 121829 681888 167030 24587 3238.78 17886.66 4009.18 592.70 127417 640157 148339 24116 3393.91 16861.54 3552.03 574.72 382465 1621631 995231 21872

Amount in Crores 9995.87 44258.00 25168.59 610.10 TOTAL

NET AMOUNT -155.12 1025.12 457.15 17.97 1345.12

INDICES
NIFTY NIFTYJUNIOR

S2
5308.66 10269.93

S1
5390.23 10382.16

PIVOT
5441.76 10463.43

R1
5523.33 10575.66

R2
5574.86 10656.93

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DAILY REPORT
2nd SEPT. 2013

COMMODITY MCX
COMMODITY ROUNDUP Gold fell, trimming a fourth weekly gain, after better-thanexpected U.S. economic data backed the case for the Federal Reserve to slow stimulus just as tensions over Syria eased, with U.K. lawmakers rejecting military action. U.S. President Barack Obama is still prepared to proceed with a limited military strike on Syria even without U.K. support or an endorsement from UN Security Council Copper was poised for the biggest monthly advance since September as economic reports from Japan to the U.S. signaled the global recovery is strengthening and prospects of an imminent strike against Syria eased. Japans consumer prices rose in July at the fastest pace since 2008, jobless rate fell and industrial production increased.

SILVER

TRADING STRATEGY: SELL SILVER BELOW 53400 TGTS 53230 /52950 SL 53700

GOLD

The U.S. economy grew more than forecast last quarter. Concern conflict with Syria will disrupt Middle East oil supplies eased as U.K. Prime Minister David Cameron failed to gain parliamentary backing for military action. The global oil market is adequately supplied and doesnt require the release of emergency stockpiles, according to the International Energy Agency. Spot gold prices declined around 0.9 percent on the back of weak global market sentiments. However, sharp downside in prices was capped as result of rise in SPDR gold holdings coupled with weakness in the US Dollar Index (DX). In the Indian markets, appreciation in the Rupee exerted downside in prices on the MCX. Mentha oil gained 1.04%. November contract rose to a high of 9702 Rs/kg. Recovery in Indian rupee witnessed downtrend in Indian commodities. Lead August has fallen 3.46% to 143.96 Rs/kg as of 05.04 pm IST. Profit booking was seen for Lead at higher levels. September has fallen to 3.24% to 143.30. Nickel August has fallen 3.50% to 925 Rs/ kg. For Gold June, support is now seen at 910, 900 and resistance at 945 & 960.

TRADING STRATEGY: BUY GOLD ABOVE 33280 TGTS 33350/33470 SL 33180 SELL GOLD BELOW 32750 TGTS 32680/32580 SL 32850

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DAILY REPORT
2nd SEPT. 2013

NCDEX
NCDEX INDICES Index Value % Change

RECOMMENDATIONS CASTORSEED

Castor Seed Chana Chilli Coriander Cotton Seed Oilcake Jeera Mustard seed Ref Soya Oil Sugar M Grade Turmeric NCDEX ROUNDUP BUY CASTORSEED SEP ABOVE 3620 TG 3645,3690 SL 3570 SELL CASTORSEED SEP BELOW 3500 TG 3475,3440 SL 3550

3596 3195 5808 5765 1829 13780 3538 703.8 3004 5232

+1.24 +1.85 +3.64 +2.95 -0.44 +2.70 +1.73 -0.31 +0.30 +4.02

Indias total sown area for Kharif, according to the reports received from various states, stands at 1003.82 lakh hectare as compared to 939.61 hectare at this time last year. Soybean prices (November) on Chicago Board of Trade (CBOT) declined on Friday as a result of profit booking. However, the futures have risen 13.1 percent in August, the biggest ever monthly jump. Soybean August has fallen to 2.93% to 3465 Rs/qtl. India has sold 350,000 to 400,000 tons of new-crop soymeal for shipment between October and December on expectations on higher production and significant depreciation in INR, as per media reports. On Fridays session Chana gained 1.75%. The September contract rose to a high of 3086 Rs/qtl. Wheat and Gur were also in the gainers list. Chana October rose 0.99% to 3156 Rs/qtl. Weak sowing prospects on current year along with strong export demand in local spot markets impacted chana prices. Wheat September rose to 0.32% to 1580 Rs/ qtl as of 04.45 pm IST. Guar gum November has declined 3.18% to 5180 Rs/qtl. Lack of fresh overseas demand as well as huge carryover stocks in key spot markets weighed on guar futures. December declined 2.25% to 5210 Rs/qtl. Castor seed September has fallen 2.80% to 3544 Rs/qtl.

DHANIYA

BUY DHANIYA SEP ABOVE 5775 TG 5800,5850 SL 5730 SELL DHANIYA SEP BELOW 5730 TG 5700,5660 SL 5780

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DAILY REPORT
2nd SEPT. 2013

CURRENCY

RBI Reference Rate

Currency Rate Currency Rate

Rupee- $ Euro USD/INR

66.5742 Yen-100 88.1605 GBP CURRENCY ROUNDUP

67.8300 103.3431

Indian rupee fell by 45 paisa to 67 against the dollar in opening trade Friday after sharp recovery in previous session, but later it gained for a second straight session on Friday as aggressive central bank intervention and positive local and regional cues helped. The partially convertible rupee closed at 65.70/71 per dollar, up 1.3 percent on the day. It had closed at 66.55/56 on Thursday, after gaining 3.5 percent, in its biggest single-day gain in 15-1/2 years. The rupee recovered to session highs because of the Reserve Bank of India (RBI) steps up dollar sales to prevent the currency from falling towards recent record low. The RBI likely sold dollars via state-run banks starting at around 67.20 rupee levels. On the week, the rupee declined 3.8 percent, its worst weekly performance since the week to September 23, 2011. And it has lost 5.9 percent so far in August, which would be its biggest monthly fall since November 2008. The Fed is expected to start scaling back its bond-buying program next month. An upward revision to secondquarter U.S. economic growth bolstered the views. The Forex dollar rose against most major currencies on Friday after the U.S. laid out a case to attack Syria with limited missile strikes, while solid U.S. economic indicators bolstered the greenback as well. In U.S. trading on Friday, EUR/USD was down 0.19% at 1.3216. Friday's data rekindled expectations that the Federal Reserve may begin to taper its USD85 billion monthly bondbuying program in September as opposed to later in the year. Monetary stimulus tools such as Federal Reserve asset purchases weaken the dollar by driving down interest rates, and talk of their dismantling strengthens the greenback.

USD/INR has closed at the level of @66.7275. If it breaks below the level of @66.40, it can touch the level of 65.58 and 64.59. IF it sustains above the level of @68.00, it can touch the level of @68.91 and @69.50. EUR/INR

EUR/INR (NSE/MCX-SX) has closed @87.85. If it breaks the level of 87.85, it can touch the level of 86.71 and 85.41. If it sustains above the level of 90.15, it can touch the level of 91.07 and 92.14.

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DAILY REPORT
2nd SEPT. 2013

CALL REPORT
PERFORMANCE UPDATES

Date
30/08/13 30/08/13 30/08/13 30/08/13 30/08/13 30/08/13 30/08/13 30/08/13 30/08/13 30/08/13

Commodity/ Currency Pairs

MCX GOLD MCX GOLD MCX SILVER MCX SILVER NCDEX CASTOR SEED NCDEX CASTOR SEED NCDEX DHANIYA NCDEX DHANIYA USD/INR GBP/INR

Contract
OCT. OCT. SEP. SEP. SEP SEP SEP SEP AUG AUG

Strategy
BUY SELL BUY SELL BUY SELL BUY SELL SELL SELL

Entry Level
33900 33400 56250 55500 3740 3640 5730 5680 67.10 103.60

Target
33970-34100 33330-33230 56420-56820 55330-54930 3765-3800 3615-3580 5755-5790 5665-5620 66.48-66.15 103.05-102.34

Stop Loss
33800 33500 55850 55800 3700 3680 5680 5725

Remark
NOT EXECUTED BOOKED FULL PROFIT NOT EXECUTED BOOKED FULL PROFIT NOY EXECUTED BOOKED FULL PROFIT BOOKED PROFIT BOOKED PROFIT BOOKED PROFIT BOOKED PROFIT

Date
30/08/13 30/08/13 30/08/13 30/08/13

Scrip
NIFTY RELIANCE LUPIN AMTEK INDIA

CASH/ FUTURE/ OPTION

FUTURE FUTURE FUTURE CASH

Strategy
BUY BUY BUY BUY

Entry Level Target

5350-5375 840-845 815 76 5450-5480 865-880 828-840 79-85

Stop Loss
5300 805 800 71

Remark
NOT EXECUTED

US ECONOMIC REPORT TIME (ET)

9 AM 10 AM 10 AM 8:30 AM TBA 2 PM 8:15 AM 8:30 AM 8:30 AM 10 AM 10 AM 8:30 AM 8:30 AM

REPORT
MARKIT PMI ISM CONSTRUCTION SPENDING TRADE DEFICIT MOTOR VEHICLE SALES BEIGE BOOK

PERIOD
AUG. AUG. JULY

ACTUAL
TUESDAY, SEPT.3

CONSENSUS FORECAST
-54.0% 0.4%

PREVIOUS
53.9 55.4% -0.6% -$34.2 bln 15.7 mln

WEDNESDAY, SEPT.4 JULY AUG. THURSDAY, SEPT. 5 ADP EMPLOYMENT WEEKLY JOBLESS CLAIMS PRODUCTIVITY ISM NONMANUFACTURING FACTORY ORDERS NONFARM PAYROLLS UNEMPLOYMENT RATE AUG. 8/31 2Q AUG. JULY FRIDAY, SEPT. 6 AUG. AUG. 165,000 7.4% 162,000 7.4% 190,000 N/A 1.2% 55.0% -200,000 N/A 0.9% 56.0% 1.5% -$38.0 bln 15.8 mln

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