DAILY REPORT

02nd JANUARY. 2014

Global markets at a glance Asian markets got the new year off to a sluggish start as Chinese economic data disappointed ahead of a raft of reports on global manufacturing. Japan's Nikkei. N225 was closed on Thursday but ended 2013 with an annual gain of 57 percent. MSCI's broadest index of Asia-Pacific shares outside Japan. MIAPJ0000PUS ended last year essentially flat. Wall Street Update Wall St. ended best year since 1990s on 31 December with moderate gains. The markets were closed on account of New Year holiday. Previous day Roundup The first day of 2014 was completely listless for the market as institutional investors and big traders were away from the market. After trading in a very tight range of 6070 points, the Sensex closed at 21,140.48, down 30.20 points compared to previous days value. The Nifty was down 2.35 points to 6,301.65. Total turnover of the market was Rs 50,031 crore as against Rs 68,000 crore in previous session. But the outperformance of broader markets continued for the second consecutive week. The BSE Midcap Index rose 0.47 percent and Smallcap gained 1.5 percent as nearly two shares advanced for every share declining. Index stats The Bankex and Bank Nifty both advanced slightly. Among the sartorial indices almost all the sectors closed up; Capital Goods [up 5.03pts], AUTO [up 15.75pts], PSU [up 16.69pts], Consumer Durables [up 52.00pts], Realty [ up 41.38pts], Metals [up 21.06pts]. Power [up 1.54pts], FMCG [up 9.69pts] and Healthcare [up 52.47pts], the index declined were Oil & Gas [down 32.72pts], TECK [down 10.14pts], IT [down 59.45pts].

World Indices
Index DJl S&P 500 NASDAQ EURO STO FTSE 100 Nikkei 225 Hong Kong Value 16,576.66 1,848.36 4,176.59 3,109.00 6,749.09 16,291.31 23,218.38
CMP Change

% Change NEW YEAR HOLIDAY NEW YEAR HOLIDAY NEW YEAR HOLIDAY NEW YEAR HOLIDAY NEW YEAR HOLIDAY +0.69 -0.38
% Chg

Top Gainers
Company

BHARTIARTL BANKBARODA DLF RANBAXY ASIANPAINT

338.70 660.00 170.35 462.90 499.20

CMP

8.45 14.45 3.65 9.65 9.20

Change

+2.56 +2.24 +2.19 +2.13 +1.88

% Chg

Top Losers
Company

WIPRO BHEL TATAPOWER TCS RELIANCE

Symbol

551.80 174.95 90.40 2,153.00 888.15

Prev. Close

7.40 1.95 0.95 19.05 7.05

Change

-1.32 -1.10 -1.04 -0.88 -0.79

%Chg

Stocks at 52 Weeks high

BATAINDIA DELTACORP GMRINFRA SASKEN TATACOMM 1,068.00 111.85 24.85 192.00 309.55
Prev. Close

14.25 7.85 0.05 4.25 0.45

Change

+1.35 +7.55 +0.20 +2.26 +0.15

%Chg

Stocks at 52 Weeks Low

Symbol

--

Indian Indices
Company NIFTY SENSEX CMP Change % Chg

6,301.65 21,140.48

-2.35 -30.20

-0.04 -0.14

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DAILY REPORT
02nd JANUARY. 2014

EQUITY CASH & FUTURE

STOCK RECOMMENDATIONS [FUTURE] 1. IRB

STOCK RECOMMENDATION [CASH] 1. UB HOLDINGS

IRB FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it continues to sustain above 96.50. We advise buying around 96.50-97.50 levels with strict stop loss 94.50 for the targets of 99-102.

UB HOLDINGS is looking strong on charts. We advise buying above 38 levels with strict stop loss of 34 for the targets of 42-46 levels.

2. RCOM

MACRO NEWS StanChart sees positive IIP, RBI pause continuing in Jan.

RCOM FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it continues to sustain above 140. We advise buying on dips around 137-139 levels with strict stop loss 135 for the targets of 142-145. YOUR MINTVISORY

GMR may exit part of its Nepal assets. India on Wednesday cancelled its Rs 3,600 crore deal with Anglo-Italian firm AgustaWestland for supply of 12 VVIP choppers to the Air Force in view of charges that kickbacks to the tune of Rs 360 crore were paid in it. Management at Hindustan Unilever are anxious that a major global business re-organisation unleashed by Unilever Chairman Paul Polman will result in job cuts in India, limit growth prospects for managers Lokpal Bill gets President's nod. Delhi govt orders CAG audit of pvt power companies. The audit will begin from today. Three companies have been given time for audit, Tata Power Delhi Distribution Ltd. is in them. Price of non-subsidised LPG hiked by Rs 220 per cylinder.

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DAILY REPORT
02nd JANUARY. 2014

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 6,300 6,200 6,100 1,700 130 880 LTP Traded Volume (Contracts) 66,567 49,101 38,311 6,140 813 1,110 1,179 768 Traded Volume (Contracts) 64,311 58,235 44,037 6,476 2,831 1,697 2,277 1,361 1,305 Open Interest 41,03,450 37,38,000 30,21,500 1,35,325 2,27,500 8,70,000 3,06,500 1,39,625 Open Interest 37,37,400 46,58,150 31,50,300 2,37,475 15,92,000 6,58,250 5,15,250 22,54,000 2,60,375

STOCKS IN NEWS
M&M Ltd today reported 15 per cent increase in to-

tal tractor sales at 17,037 units in December.

The CBI's decision to launch a preliminary enquiry in

NIFTY NIFTY NIFTY BANK NIFTY SBIN RCOM RELIANCE INFY Symbol

79.05 48.55 28.95 24,05 2.65 14.20

11,000 114.45

the disinvestment process of Hindustan Zinc has further dampened the morale of a bureaucracy. RIL's Sikka Port expansion hits hurdle; to submit material to ascertain projects impact on environment. NIFTY FUTURE

3,500 142.25 Strike Price 6,400 6,500 6,300 12,000 140 900 1,800 180 2,600 LTP

MOST ACTIVE CALL OPTION

NIFTY NIFTY NIFTY BANKNIFTY RCOM RELIANCE SBIN DLF MCDOWELL -N

83.65 45.05 21.35 120.00 5.90 21.10 42.50 4.50 103.00

Nifty Future closed in the red in the last trading session. We advise buying around 6340-6350 with strict stop loss of 6310 for the targets of 6375-6390 levels.

FII DERIVATIVES STATISTICS

BUY SELL OPEN INTEREST AT THE END OF THE DAY Amount in Crores 13888.78 30932.97 30881.44 665.02 TOTAL NET AMOUNT -15.36 552.50 23.96 -1.35 559.74 No. of Amount in No. of Amount in No. of Contracts Crores Contracts Crores Contracts INDEX FUTURES INDEX OPTIONS STOCK FUTURES STOCK OPTIONS 2500 55628 10033 8230 76.06 1738.79 323.99 262.97 2884 38804 9537 8486 91.43 1186.29 300.03 264.32 440021 983482 952558 22381

INDICES
NIFTY NIFTYJUNIOR BANK NIFTY YOUR MINTVISORY

S2
6280.08 12910.05 11321.5

S1
6290.86 12948.55 11353.55

PIVOT
6309.03 12980.7 11393.05

R1
6319.81 13019.2 11425.1

R2
6337.98 13051.35 11464.6

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DAILY REPORT
02nd JANUARY. 2014

COMMODITY MCX
COMMODITY ROUNDUP The SILVER rate touched an intraday high of Rs 44588 and an intraday low of Rs 42435. So far 39871 contracts have been traded. Silver opened at morning with gap down and made day high. In mid session silver trade in narrow range and made night low 42435 . After evening Have seen more selling pressure in silver and it will helpful to break the nearest support 43900. The GOLD rate touched an intraday high of Rs 28578 and an intraday low of Rs 28075. So far 17171 contracts have been traded. Gold Price is taking support at 28230 and trade in sideways range all day. In evening session gold price have broke the nearest support 28290 and made low of 28075. The US Federal Reserve is to reduce its monthly bond buying program, known as Quantitative Easing (QE), by $10 billion a month, to $75 bn from Monday. This indicates a recovery in the US economy which might strengthen the dollar and result in increased investment in US treasury bonds. A stronger dollar is expected to reduce bullions appeal as a safe-haven investment. Thus Gold and Silver may lose the Sheen further. The Supreme Court-appointed monitoring committee to oversee e-auction of iron ore in Karnataka is readying to put on auction an additional four or five million tonnes (mt) of iron ore dumps, which contain mostly sub-grade iron ore (with Fe content of 45-50 per cent), for auction as the demand-supply gap still remains wide. India gold futures remained in a narrow range on Wednesday as international markets are closed on account of new year holiday. Gold futures for February delivery on India's Multi Commodity Exchange (MCX) was seen trading almost flat at Rs. 28432 per 10 grams as of 14.50 IST on Wednesday. On Tuesday, in the global market, gold declined to a 24 week low in a thin year-end trade. Gold recorded its its biggest annual decline in three decades as signs of economic recovery prompted the investors to withdraw their money from the yellow metal. Holdings in the SPDR Gold Trust, declined 0.37% to 798.22 tons on Monday, lowest since January 2009.

RECOMMENDATIONS SILVER

TRADING STRATEGY: BUY SILVER ABOVE 44250 TGTS 44450/44750 SL 43880 SELL SILVER BELOW 43700 TGTS 43500/43200 SL 44100

GOLD TRADING STRATEGY: BUY GOLD ABOVE 28490 TGTS 28570/28670 SL 28380 SELL GOLD BELOW 28380 TGTS 28300/28200 SL 28480 YOUR MINTVISORY

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DAILY REPORT
02nd JANUARY. 2014

NCDEX

RECOMMENDATIONS CASTORSEED

NCDEX INDICES Index Value % Change

Castor Seed Chana Coriander Cotton Seed Oilcake Jeera Maize Feed/ Industrial Grades Mustard seed Soy Bean Sugar M Grade BUY CASTORSEED FEB ABOVE 4725 TGTS 4755,4605 SL 4675 SELL CASTORSEED FEB BELOW 4625 TGTS 4595,4545 SL 4675 DHANIYA Turmeric

4609 3106 8191 1487 12530 1192 3534 3805 2820 6610

+1.03 +1.01 +1.59 +0.88 -0.61 0.00 +0.37 -0.37 +0.43 -0.09

NCDEX ROUNDUP Zinc futures prices yesterday edged up by 0.16% to Rs 128.60 per kg as speculators enlarged positions amid a firming trend at spot markets on better demand even as metals weakened in the global markets. At the MCX, zinc for delivery in February up by 20 paisa, or 0.16%, to Rs 128.60 per kg, with a business turnover of six lots. The metal for delivery in January also rose marginally by 10 paisa, or 0.08%, to Rs 127.90 per kg in a business volume of 217 lots. Fresh positions created by participants amid improved demand in the spot market supported the rise in zinc futures but metals' weakness overseas, restricted gains. The wholesale sugar prices settled on a steady note in the national capital today following sporadic demand. After two day's fall prices finally found fresh buying support and held unchanged. Aluminium prices edged up by 0.32% to Rs 110.45 per kg in futures trade yesterday as participants enlarged their positions, supported by a firming trend at spot markets on strong demand. At the Multi Commodity Exchange, Aluminium for delivery in January inched up by 35 paise, or 0.32%, to Rs 110.45 per kg in business turnover of 39 lots. Call us at +91-731-6642300

BUY DHANIYA JAN ABOVE 8240 TGTS 8270,8320 SL 8190 SELL DHANIYA JAN BELOW 8130 TGTS 8100,8050 SL 8180

YOUR MINTVISORY

DAILY REPORT
02nd JANUARY. 2014

CURRENCY

RBI Reference Rate

Currency Rate Currency Rate

Rupee- $ Euro EUR/INR

62.0028 Yen-100 85.1855 GBP

58.8600 102.1682

CURRENCY ROUNDUP The rupee ended lower on Wednesday, the first trading session of 2014, with traders focused on key macroeconomic data ahead of the RBI's rate meeting later this month. Volumes were thin as most global markets were shut for new year holidays. Emerging from a year which saw the rupee plumbing to a series of lows, traders are awaiting allocations from foreign investors into local markets, which form a key support for the currency. Foreign investors have been buyers of over $20 billion in stocks in 2013 as local benchmark indexes hit record highs. The debt markets saw outflows of $8 billion, primarily since mid-May, but have turned positive in December. Both wholesale and retail inflation data due by mid-January will be closely watched ahead of the central bank's monetary policy review on Jan. 28. The partially convertible rupee closed at 61.90/91 per dollar compared with 61.80/81 on Tuesday, in a range bound trading session. It ended 2013 down 11 percent, a third successive annual loss. In the offshore non-deliverable forwards, the one-month contract was at 62.21, while the threemonth was at 63.07. The yen resumed its long decline as investors used it to fund purchases of higher-yielding assets abroad. The drop in the yen has been viewed as positive for Japanese exports and corporate earnings, and a major reason its share markets outperformed all others last year. For other major currencies the main themes continued to be weakness in the yen and resilience in the euro. The common currency was up at 144.97 yen having clocked up gains of 26 percent over 2013 to reach a five-year peak of 145.67. The dollar was likewise firm at 105.32 yen having climbed 21 percent last year.

BUY EUR/INR ABOVE 85.78 TGTS 85.92, 86.11 SL 85.38. SELL EUR/INR BELOW 85.34 TGTS 85.19, 85.02 SL 85.74. GBP/INR

SELL GBP/INR BELOW 102.65 TGTS 102.50, 102.30 SL 103.05. BUY GBP/INR ABOVE 103.20 TGTS 103.36, 103.55 SL 102.75.

The euro was a shade softer on the dollar at $1.3763, but still not far from its recent two-year peak of $1.3892.

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DAILY REPORT
02nd JANUARY. 2014

CALL REPORT
PERFORMANCE UPDATES

Date 31/12/13 31/12/13 31/12/13 31/12/13 31/12/13 31/12/13 31/12/13 31/12/13 31/12/13 31/12/13 31/12/13 31/12/13

Commodity/ Currency Pairs MCX GOLD MCX GOLD MCX SILVER MCX SILVER NCDEX CASTOR SEED NCDEX CASTOR SEED NCDEX DHANIYA NCDEX DHANIYA USD/INR USD/INR JPY/INR JPYINR

Contract FEB. FEB. MAR. MAR. FEB. FEB. JAN. JAN. JAN. JAN. JAN. JAN. CASH/ FUTURE/ OPTION FUTURE FUTURE FUTURE CASH FUTURE FUTURE FUTURE CASH FUTURE FUTURE

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

Entry Level 28480 28350 44400 43730 4550 4675 8120 8010 62.04 62.45 59.15 59.64

Target 28560-28660 28270-28170 44600-44900 43530-43230 4520-4470 4705-4755 8150-8200 7980-7930 61.89-61.71 62.59-62.82 59.00-58.84 59.80-59.98

Stop Loss 28380 28480 44040 44100 4600 4625 8070 8060 62.40 62.09 59.51 59.28

Remark NO PROFIT NO LOSS NOT EXECUTED NOT EXECUTED NOT EXECUTED NOT EXECUTED BOOKED FULL PROFIT BOOKED FULL PROFIT BOOKED PROFIT NOT EXECUTED NOT EXECUTED BOOKED PROFIT NOT EXECUTED

Date

Scrip

Strategy

Entry Level

Target

Stop Loss

Remark

31/12/13 31/12/13 31/12/13 31/12/13 31/12/13 31/12/13 31/12/13 30/12/13 27/12/13 23/12/13

NIFTY MCDOWELL IDFC ARIES AGRO NIFTY COAL INDIA BHEL KOTLE PATIL TATA STEEL RELIANCE

BUY BUY BUY BUY SELL BUY BUY BUY BUY BUY

6340-6350 2600-2620 109-110 52 6370-6390 288-290 168-170 95 428 895-900

6375-6390 2650-2690 112-115 56-60 6320-6280 296-300 175-180 100-105 434-438 915-935

6310 2560 107 48 6420 285 165 95 422 878

CALL OPEN BOOKED PROFIT NOT EXECUTED BOOKED PROFIT CALL OPEN BOOKED PROFIT CALL OPEN CALL OPEN CALL OPEN CALL OPEN

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DAILY REPORT
02nd JANUARY. 2014

ECONOMIC CALENDAR

NEXT WEEK'S U.S. ECONOMIC REPORTS TIME (ET) REPORT PERIOD MONDAY, DEC. 30 10 am Pending home sales Nov. TUESDAY, DEC. 31 9 am 9:45 am 10 am Case-Shiller home prices Chicago PMI Consumer confidence Oct. Dec. Dec. WEDNESDAY, JAN. 01 New Year's Day None scheduled THURSDAY, JAN. 02 8:30 am 9 am 10 am 10 am Weekly jobless claims Market PMI ISM Construction spending 12/28 Dec. Dec. Nov. FRIDAY, JAN. 03 TBA Motor vehicle sales Dec. Disclaimer
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ACTUAL

CONSENSUS FORECAST

PREVIOUS

--

-0.6%

-61.8 75.0

13.3% y-o-y 63.0 70.4

N/A -56.9% 0.9%

338,000 54.4 57.3% 0.8%

16.0 mln

16.3 mln

YOUR MINTVISORY

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