DAILY REPORT

24st JANUARY. 2013

Global markets at a glance MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS fell 0.5 percent, adding the previous session's 1.3 percent decline following the Chinese factory activity report. As the yen strengthened sharply against the dollar overnight, Japan's Nikkei benchmark .N225 dropped 1.5 percent in relatively active trade after earlier touching a one-month low. The loss added to Thursday's 0.8 percent decline. Wall Street Update U.S stocks fell on Thursday, with the selloff accelerating in afternoon trading, hurt by disappointing manufacturing data in China and a mixed bag of U.S. corporate earnings. Major stock indexes were off more than 1 percent with financials and materials suffering the most as investors sold sectors closely associated with economic growth. The market sentiment was dented by a report on manufacturing in China which showed a mild slowdown at the end of 2013 in the world's second-largest economy had continued into the new year. Previous day Roundup The Sensex makes record closing high at 21373.66, up 35.99 points. The Nifty ends up 6.70 points at 6345.65. About 1238 shares have advanced, 1439 shares declined, and 206 shares are unchanged. After posting strong third quarter results, L&T remained favourite among investors today, gained 3 percent. Axis Bank , GAIL , Sun Pharma and HDFC are other gainers in the Sensex. Auto stocks succumbed to selling pressure with M&M losing around 3 percent. Other losers are ONGC , NTPC , Coal India and Hindalco . Index stats The Market was very volatile in yesterday session where Bank and Bank Nifty both closed almost flat (down-4.57 and down-8.35 . respectively). Among the sartorial indices the sectors which were up are;], Capital Good [up 178.71pts], Consumer Durables[up130.45 pts], .Healthcare [up 12.66pts], FMCG [up 9.32pts] and the index declined were AUTO [down 129.40 pts], PSU [down 23.86pts], TECK [down-4.63pts], Oil & Gas [down-40.09pts], Metals [down 49.08pts], , IT [down 20.82pts Realty [down .79 pts], Power [down 3.45 pts],

World Indices
Index DJl S&P 500 NASDAQ EURO STO FTSE 100 Nikkei 225 Hong Kong Value 16197.35 1828.46 4218.88 3117.08 6773.28 15454.80 22586.32
CMP Change

% Change -1.07 -0.89 -0.57 -1.08 -0.78 -1.54 -0.65

% Chg

Top Gainers
Company

LT JINDALSTEL AXISBANK SUNPHARMA GAIL

1031.50 268.10 1214.90 610.00 350.30

CMP

26.70 6.50 26.05 12.55 7.10

Change

2.66 2.48 2.19 2.10 2.07

% Chg

Top Losers
Company

Stocks at 52 Weeks high

Symbol

M&M HCLTECH ONGC PNB COALINDIA

890.00 1416.50 284.90 610.10 258.60

-26.45 -28.25 -4.90 -7.70 -3.20

Change

-2.89 -1.96 -1.59 -1.25 -1.22

%Chg

Prev. Close

DHEL DIVISLAB BLUEDART DBCROP ALPHAGEO

222.70 1325.40 3960.60 312.75 73.75

15.80 -0.40 26.00 7.25 3.65

7.09 -0.03 0.66 2.32 4.95

Stocks at 52 Weeks Low

Symbol Prev. Close Change %Chg

--

Indian Indices
Company NIFTY SENSEX CMP Change % Chg

6345.65 21373.66

6.70 35.99

0.11 0.17

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DAILY REPORT
24st JANUARY. 2013

EQUITY CASH & FUTURE

STOCK RECOMMENDATIONS [FUTURE] 1.ADANIENT FUTURE

STOCK RECOMMENDATION [CASH] 1. COROMANDEL INTERNATIONAL

ADANIENT FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sustains above 260 levels. We advise buying around 258-260 levels with strict stop loss 252 for the targets of 266-275 levels. 2. AXIS BANK FUTURE

COROMANDEL INTERNATIONAL is looking strong on charts. We advice buying around 240 levels with strict stop loss of 230 for the targets of 250-265 levels MACRO NEWS Bajaj Auto gears up for an export push with its Kawasaki alliance. The company has finalised a Pulsar-led strategy to enter ASEAN markets and Brazil and also plans to launch the Pulsar in Thailand and Malaysia in 2014. Hindustan Zinc and Sesa Sterlite , group companies of mining and metal major Vedanta Resources, have said they are not considering a plan to merge. There is no such proposal before the board, both companies said in separate exchange filings today. There has been speculation the two companies may be combined if Sesa Sterlite, the Reserve Bank today aligned loan rstructuring norms of NBFCs with those of banks so as to minimise risk of defaults. RBI said instructions on restructuring of advances by NBFCs have been reviewed on the lines of the recommendations of the Mahapatra committee report on prudential guidelines for banks and financial institutions.

AXIS BANK FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sustains above 1200 levels. We advise buying around 1200-1220 levels with strict stop loss 1160 for the targets of 12501280 levels.

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DAILY REPORT
24st JANUARY. 2013

FUTURE & OPTION

MOST ACTIVE PUT OPTION

Symbol Option Type Strike Price LTP Traded Volume (Contracts) Open Interest

NIFTY NIFTY BANKNIFTY BANKNIFTY SBIN INFY TCS TCS

Symbol

PE PE PE PE PE PE PE PE
Option Type

6,300 6,200 11,000 1,600 3,700 2,200 2,250

Strike Price

25.4 8 65.8 7.8 8.15 6.5 22

LTP

3,98,588 69,65,050 2,53,144 62,73,300 18,570 9,518 4,674 3,500 3,469 3,417
Traded Volume (Contracts)

2,55,300 1,38,975 3,16,625 7,08,375 6,37,500 4,94,375

Open Interest

11,100 100.05

STOCKS IN NEWS L&T reported 11% growth in Q3 net profit and 12% rise in revenues Sasken Communication goes ex-dividend today, declared Rs 22.5 per share dividend Mahindra & Mahindra Financial Q3 net drops 18% to Rs 164cr L&FS Transport bags Tec-City proj worth Rs 350 cr from Gujarat government NIFTY FUTURE

MOST ACTIVE CALL OPTION

NIFTY NIFTY BANKNIFTY BANKNIFTY TCS SBIN SBIN LT

CE CE CE CE CE CE CE CE

6,400 6,300 11,500 11,200 2,300 1,700 1,650 1,040

28.7 83.8 47.3 147 13.75 13.4 33 15 BUY

3,69,585 48,56,800 2,61,757 43,03,550 22,873 20,435 7,168 6,848 6,710 6,141 4,27,400 2,13,125 4,81,625 8,10,375 Nifty Future closed in the green in the last trading ses7,60,500 sion. We advise buying around 6320 levels with strict 6,59,500 stop loss of 6290 for the targets of 6380-6420 levels. SELL OPEN INTEREST AT THE END OF THE DAY Amount in Crores
15781.99 41776.71 34536.45 3440.19

FII DERIVATIVES STATISTICS

No. of Amount in No. of Amount in No. of Contracts Crores Contracts Crores Contracts INDEX FUTURES INDEX OPTIONS STOCK FUTURES STOCK OPTIONS
47916 300403 53765 44678 1498.56 9242.29 1729.24 1428.31 45254 289764 55623 47831 1406.44 8935.66 1800.77 1523.40 502469 1328274 1084878 104715

NET AMOUNT
92.12 306.63 -71.53 -95.09 232.17

TOTAL

INDICES
NIFTY NIFTYJUNIOR BANK NIFTY YOUR MINTVISORY

S2
6262.95 12429.76 11029.95

S1
6300.95 12469.38 11118.65

PIVOT
6325.45 12503.31 11183.5

R1
6363.45 12542.93 11272.2

R2
6387.95 12576.86 11337.05

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DAILY REPORT
24st JANUARY. 2013

COMMODITY MCX
COMMODITY ROUNDUP
MCX GOLDGUINEA January contract was trading at Rs 23800 down Rs 45, or 0.19 percent. The GOLDGUINEA rate

RECOMMENDATIONS SILVER

TRADING STRATEGY: BUY SILVER ABOVE 45280 TGTS 45480/45780 SL 44900 SELL SILVER BELOW 44600 TGTS 44400/44100 SL 44950 GOLD

touched an intraday high of Rs 23863 and an intraday low of Rs 23775. So far 1009 contracts have been traded. GOLDGUINEA prices have moved down Rs 300, or 1.24 percent in the January series so far. MCX GOLDGUINEA February contract was trading at Rs 23332 down Rs 39, or 0.17 percent. The GOLDGUINEA rate touched an intraday high of Rs 23386 and an intraday low of Rs 23310. So far 519 contracts have been traded. GOLDGUINEA prices have moved down Rs 268, or 1.14 percent in the February series so far. MCX GOLDGUINEA March contract was trading at Rs 23210 down Rs 38, or 0.16 percent. The GOLDGUINEA rate touched an intraday high of Rs 23268 and an intraday low of Rs 23175. So far 113 contracts have been traded. GOLDGUINEA prices have moved up Rs 520, or 2.29 percent in the March series so far. Gold futures snapped prior three consecutive days of losses on weak US dolar amid bargain buying ahead of Jobless claims, housing and PMI data from US. Asian stocks ended the day broadly lower on Thursday, following the release of disappointing Chinese manufacturing data.Hong Kong's Hang Seng Index tumbled 1.4%, China's Shanghai Composite index declined 0.5%, Australia's ASX/200 Index closed 1.07% lower, while Japan's Nikkei 225 Index ended down 0.79%. MCX GOLDPETAL January contract was trading at Rs 2980 up Rs 2, or 0.07 percent. The GOLDPETAL rate touched an intraday high of Rs 2980 and an intraday low of Rs 2972. So far 2207 contracts have been traded. GOLDPETAL prices have moved down Rs 27, or 0.90 percent in the January series so far. MCX GOLDPETAL February contract was trading at Rs 2932 up Rs 1, or 0.03 percent. The GOLDPETAL rate touched an intraday high of Rs 2935 and an intraday low of Rs 2927. So far 1715 contracts have been traded. GOLDPETAL prices have moved down Rs 33, or 1.11 percent in the February series so far.

TRADING STRATEGY: BUY GOLD ABOVE 29400 TGTS 29480/29580 SL 29280 SELL GOLD BELOW 29250 TGTS 29170/29070 SL 29360

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DAILY REPORT
24st JANUARY. 2013

NCDEX

RECOMMENDATIONS CASTORSEED

NCDEX INDICES Index Value % Change

Castor Seed Chana Coriander Cotton Seed Oilcake Jeera Maize Feed/ Industrial Grade Mustard seed Soy Bean Turmeric
BUY CASTORSEED FEB ABOVE 4320 TGTS 4350,440 SL 4270 SELL CASTORSEEDFEB BELOW 4140 TGTS 4110,4060 SL 4190

4156 3030 8430 1572 12572.5 1212 3413 3827 7030

-3.30 -0.69 0.24 -0.06 -0.53 0.00 0.21 1.97 3.99

NCDEX ROUNDUP Stockiest selling continued in chana futures in the near term due to steady progress of new crop in major producing states along with fresh supplies of new chana in the local mandies. The NCDEX futures declined by 0.20% today. As per the latest data release from Ministry of Agriculture, the total sowing acreage of chana as on 17th January 2014 has been reported at 102.20 lakh hectares against 92.30 lakh hectares in the last year in same period. This will increase the chana production to 74-75 lakh tonnes in the near term. The chana crop will also be well supported by favourable rainfall in northern India from the last two days. This will boost the productivity of crop. The spot prices of chana have witnessed strong selling in the last week due to arrivals of new chana in local mandies. The market sources suggested that total arrivals of around 10-15 thousand of new chana have been reported in major producing states like Maharashtra, Andhra Pradesh and Karnataka. Traders are expecting further rise in chana arrivals in the coming days due to fresh supplies from UP and Madhya Pradesh.

DHANIYA

BUY DHANIYA FEB ABOVE 8490 TGTS 8520,8570 SL 8440 SELL DHANIYA FEB BELOW 8340 TGTS 8310,8260 SL 8390

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DAILY REPORT
24st JANUARY. 2013

CURRENCY

RBI Reference Rate

Currency Rate Currency Rate

Rupee- $ Euro USD/INR

61.9880 Yen-100 83.9765 GBP

59.4200 102.6707

CURRENCY ROUNDUP Indian rupee declined in the opening trade on Thursday. It fell 13 paise to 61.94 against US dollar versus previous day's closing value of 61.81 per dollar. yesterdays session amid RBI's statement to bring down India's consumer price index (CPI) to around 4 percent and making CPI, the benchmark. Strong equities may underpin rupee in short-term. Dollar selling by some state-run banks could support rupee. Range for the day is seen between 61.50-62.03/dollar. The US dollar, has firmed slightly against a basket of major currencies to be near a two-month peak set on Tuesday. The euro eased to USD 1.3547, not far from a two-month trough of USD 1.3508 plumbed on Monday. And the yen has weakened against the dollar. The greenback traded largely higher against most major currencies on Wednesday in a session void of major economic indicators that also saw investors betting the Federal Reserve will make fresh cuts to its stimulus programs at a policy meeting next week. U.S. trading on Tuesday, EUR/ USD was down 0.09% at 1.3549. The dollar held stable as investors looked ahead to the Federal Reserve's monetary policy meeting next week. Many were betting the U.S. central bank will trim USD10 billion from its monthly bondbuying stimulus program and take it down to USD65 billion a month, which bolstered the greenback. The assetpurchasing program, which began in 2012 at USD85 billion, aims to spur recovery by keeping long-term interest rates low, which weakens the dollar as a side effect and sends investors chasing stocks. Investors were also hoping Thursday's data on weekly jobless claims will come in solid and convince the Federal Reserve the U.S. economy is in less need of monetary stimulus tools. The greenback was down against the pound, with GBP/USD up 0.62% at 1.6579. The pound found support after the Office for National Statistics said that the rate of unemployment in the U.K. fell to 7.1% in the three months to November,

SELL USD/INR BELOW 61.80 TGTS 61.67, 61.50 SL 62.10. BUY USD/INR ABOVE 62.20 TGTS 62.34, 62.48 SL 61.90. JPY/INR

SELL JPY/INR BELOW 59.22 TGTS 59.08, 58.94 SL 59.52. BUY JPY/INR ABOVE 59.57 TGTS 59.71, 59.86 SL 59.27.

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DAILY REPORT
24st JANUARY. 2013

CALL REPORT
PERFORMANCE UPDATES

Date

Commodity/ Currency Pairs MCX GOLD MCX GOLD MCX SILVER MCX SILVER NCDEX CASTOR SEED NCDEX CASTOR SEED NCDEX DHANIYA NCDEX DHANIYA EUR/INR EUR/INR GBP/INR GBP/INR

Contract

Strategy

Entry Level

Target

Stop Loss

Remark

23/01/14 23/01/14 23/01/14 23/01/14 23/01/14 23/01/14 23/01/14 23/01/14 23/01/14 23/01/14 23/01/14 23/01/14

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

BUY SELL BUY SELL BUY SELL BUY SELL BUY SELL BUY SELL

29250 29100 44700 44050 4335 4275 8465 8390 83.74 84.25 102.61 101.99

29170-29070 29020-28920 44900-45200 43850-43550 4365-4415 4245-4195 8495-8545 8360-8310 83.60-83.44 84.39-84.57 102.76-102.91 101.84-101.69

29350 29220 44350 44400 4285 4315 8415 8440 84.09 83.90 102.34 102.34

BOOKED FULL PROFIT BOOKED FULL PROFIT BOOKED FULL PROFIT NOT EXECUTED NOT EXECUTED BOOKED FULL PROFIT SL TRIGGERED SL TRIGGERED BOOKED FULL PROFIT NOT EXEXCUTED BOOKED FULL PROFIT NOT EXECUTED

Date

Scrip

Strategy

Entry Level

Target

Stop Loss

Remark

23/01/14 23/01/14 23/01/14 23/01/14 21/01/14 20/01/14 17/01/14 21/01/14

NIFTY SUNPHARMA TATAMOTOR BANK OF INDIA RELIANCE MEDIAWORK BJAAJ AUTO GITANJALI ABG SHIPYARD

BUY BUY BUY BUY BUY BUY BUY BUY

6320 600 382 240 55 1950 70 310

6360-6390 610-620 398-394 245-248 59-62 1900-2040 75-85 330-350

6290 590 378 236 51 1890 65 310

BOOKED PROFIT BOOKED PROFIT BOOKED PROFIT CALL OPEN CALL OPEN CALL OPEN CALL OPEN BOOKED PROFIT

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DAILY REPORT
24st JANUARY. 2013

ECONOMIC CALENDAR

NEXT WEEK'S U.S. ECONOMIC REPORTS TIME (ET) REPORT PERIOD MONDAY, JAN 20 MARTIN LUTHER KING JR. DAY NONE SCHEDULED TUESDAY, JAN 21 NONE SCHEDULED WEDNESDAY, JAN.22 NONE SCHEDULED THURSDAY, JAN. 23 8:30 AM 9 AM 9 AM 10 AM 10 AM WEEKLY JOBLESS CLAIMS MARKIT "FLASH" PMI FHFA HOME PRICES EXISTING HOME SALES LEADING INDICATORS 1/18 JAN. NOV. DEC. DEC. FRIDAY, JAN. 24 NONE SCHEDULED Disclaimer
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ACTUAL

CONSENSUS FORECAST

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N/A --4.95 MLN --

N/A 55.0 8.2% Y-O-Y 4.90 MLN 0.8%

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