DAILY REPORT

13th NOVEMBER. 2013

Global markets at a glance A rally in world shares paused on Tuesday as investors awaited China's new 10-year economic plan. European shares fell on Tuesday, drifting away from near five-year highs after a poor revenue report from German chip maker Infineon highlighted weak domestic demand, which is weighing on this quarterly earnings season. The pan-European FTSEurofirst was down 0.5 percent at 1,291.92 at 1122 GMT, 1.6 percent down from five-year highs hit last Thursday, but has still gained more than 16 percent since June. Wall Street Update Wall Street dips after two-day rise; eyes on Fed's taper timing. The Dow and the S&P 500 ended slightly lower on Tuesday after rising bond yields increased debate over how soon the Federal Reserve would start trimming its stimulus program. The day's decline followed two days of record high closes for the DJI average. Tuesday's retreat was led by the S&P 500's financial, energy and utility sectors. A 2.2 percent drop in U.S. oil futures prices hurt energy . Previous day Roundup Equity benchmarks lost ground for the sixth consecutive session on Tuesday with the Sensex falling more than 200 points, weighed down by weak rupee. The Sensex slipped 209.05 points or 1.02% to 20,281.91 while the Nifty closed at one-month low of 6,018.05, down 60.75 points or 1 percent from previous close. Declining shares outpaced advancing ones by a ratio of 1467 to 975 on the BSE. Selling among metal, auto, and financials shares along with weakness in rupee against dollar too dragged the markets. Index stats The Bankex and Bank Nifty both declined 1.62% & 1.63% respectively. All the sectors declined Consumer Durables [down 36.26pts], Capital Goods [down 135.87pts], AUTO [down 191.86pts], Oil & Gas [down 98.04pts], PSU [down 75.31pts], IT [down 48.82pts], Power [down 27.74], Realty [down 15.62pts], Metals [down 165.258pts] TECK [down 32.67pts], Healthcare [down 0.23pts] except FMCG [up 36.32pts].

World Indices
Index DJl S&P 500 NASDAQ EURO STO FTSE 100 Nikkei 225 Hong Kong Value 15,750.67 1,767.69 3,919.92 3,034.68 6,726.79 14,554.69 22,610.71
CMP Change

% Change -0.21 -0.24 0.00 -0.59 -0.02 -0.23 -1.27

% Chg

Top Gainers
Company

RANBAXY M&M ITC CAIRN SUNPHARMA

416.35 78.00 319.60 320.10 598.55

CMP

+6.20 +8.05 +2.95 +1.90 +2.45

Change

+1.51 +0.93 +0.93 +0.60 +0.41

% Chg

Top Losers
Company

JPASSOCIAT TATAMOTORS AXISBANK DLF TATAPOWER

Symbol

43.90 361.00 1,040.75 143.30 79.00

Prev. Close

-2.25 -16.10 -36.40 -4.90 -2.60

Change

-4.88 -4.27 -3.38 -3.31 -3.19

%Chg

Stocks at 52 Weeks high

AJANTAPHARM BIOCON ESCORTS GSS NATCOPHARM 955.00 379.10 118.30 45.55 750.00
Prev. Close

38.95 8.75 3.10 1.15 42.65

Change

+4.25 +2.36 +2.79 -2.46 +6.03

%Chg

Stocks at 52 Weeks Low

Symbol

DEN JSL

144.55 35.95
CMP

5.75 1.10
Change

+4.14 -2.97
% Chg

Indian Indices
Company NIFTY SENSEX

6,018.05 20,281.91

-60.75 -209.05

-1.00 -1.02

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DAILY REPORT
13th NOVEMBER. 2013

EQUITY CASH & FUTURE

STOCK RECOMMENDATIONS [FUTURE] 1. TATA MOTORS

STOCK RECOMMENDATION [CASH] 1. JB CHEM & PHARMA

TATA MOTORS FUTURE is looking weak on charts, short build up has been seen, we may see more downside, if it continues to sustain below 365. We advise selling around 365-370 levels with strict stop loss of 378 for the targets of 358-350 levels. 2. BATA INDIA

JB CHEM & PHARMA is looking strong on charts. We advise buying above 116 levels with strict stop loss of 111 for the targets of 122-125 levels. MACRO NEWS Canara Bank reported a 5.3% decline in net profit at Rs 625.94 cr for Q2 2013. The bank had a net profit of Rs 660.97 cr in the July-Sep quarter of 2012-13. Total income rose to Rs 10,427.48cr from Rs 9,203.61 cr. The net NPAs rose to 2.30% during the Sep quarter. Hindalco Industries' net profit for this quarter fell 0.5% to Rs. 357.11 cr vs Rs. 358.88 cr in the same quarter last year. Net sales inched up 2% to Rs. 6245. RCOM reported a surge in quarterly net profit, lifted by higher call tariffs & reduced competition. consolidated net profit was 6.75 bn rupees, helped by a provision write-back of 4.41 bn rupees. Net profit was 2.34 bn rupees. Profit rose for the first time in five quarters. The company had posted a net profit of 1.02 bn rupees in the year-earlier period. Reliance Capital posted a net profit of Rs 181 cr and revenue of Rs 1,869 cr for second quarter of current fiscal, helped by robust growth in insurance, commercial. It posted a net profit of Rs 401 cr and revenue of Rs 2,431 cr in the same quarter last fiscal . Sept IIP below expectations at 2%, Oct CPI rises to 10.09%. Call us at +91-731-6642300

BATA INDIA FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it continues to sustain above 960, We advise buying around 955-960 levels with strict stop loss of 945 for the targets of 970-980 levels.

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DAILY REPORT
13th NOVEMBER. 2013

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 LTP Traded Volume (Contracts) 3,51,575 3,34,808 1,93,263 26,416 9,482 1,786 1,520 1,596 Traded Volume (Contracts) 4,20,790 3,21,078 2,27,274 28,114 9,511 2,578 8,464 2,598 2,707 Open Interest 38,27,450 54,00,950 31,43,050 1,62,150 3,55,000 3,50,500 7,10,000 1,61,250 Open Interest 50,89,450 60,46,450 28,38,450 2,77,025 7,59,625 3,94,750 3,66,875 28,30,000 2,79,750

NIFTY NIFTY NIFTY BANK NIFTY SBIN RELIANCE TATAMOTORS AXISBANK Symbol

6,100 113.00 6,000 5,900 10,500 1,700 860 370 1,050 Strike Price 6,200 6,300 6,100 11,000 1,800 880 1,700 160 1,100 69.50 39.60 195 73.00 18.70 14.00 40.00 LTP

STOCKS IN NEWS Union Bank raises deposits rates, no plan to raise lending rates. HPCLto operate Vizag refinery by February. Petronas nears deal to sell Canada shale stake to Indian co. L&T to develop Odisha road for Rs 1,293 crore. Idea Cellular reduces data tariffs by up to 90%. Hero MotoCorp to roll out two-wheelers in US. Vodafone India to spend Rs 7,000 crore more to expand 2G & 3G network. NIFTY FUTURE

MOST ACTIVE CALL OPTION

NIFTY NIFTY NIFTY BANKNIFTY SBIN RELIANCE SBIN DLF AXISBANK

40.40 18.00 77.50 125.00 25.70 10.50 59.20 2.40 20.80

Nifty Future closed in the red in the last trading session. We advise selling around 6120-6130 with strict

FII DERIVATIVES STATISTICS

BUY SELL OPEN INTEREST AT THE END OF THE DAY Amount in Crores 14634.81 49161.28 28299.03 1511.96 TOTAL NET AMOUNT -692.27 1293.56 -560.63 -5.64 35.03 No. of Amount in No. of Amount in No. of Contracts Crores Contracts Crores Contracts INDEX FUTURES INDEX OPTIONS STOCK FUTURES STOCK OPTIONS 58911 515350 50564 46856 1782.30 15560.43 1334.76 1203.55 82016 471972 68060 47097 2474.57 14266.87 1895.38 1209.18 488724 1637771 1069478 60120

INDICES
NIFTY NIFTYJUNIOR BANK NIFTY YOUR MINTVISORY

S2
5949.21 11822.01 10344.98

S1
5983.63 11875.68 10464.01

PIVOT
6046.16 11963.31 10662.18

R1
6080.58 12016.98 10781.21

R2
6143.11 12104.61 10979.38

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DAILY REPORT
13th NOVEMBER. 2013

COMMODITY MCX
COMMODITY ROUNDUP U.S. crude for December delivery was slightly higher at $93 per barrel after snapping a two-day rally on Tuesday, while the benchmark three-month copper contract fell 0.7 percent to $7,119.85 a tone. Oil prices edged lower in Asian trade yesterday as dealers await fresh developments in the bid by world powers to reach a landmark deal to curb Iran's nuclear program. New York's main contract, West Texas Intermediate (WTI) for December delivery, was down 31 cents to $94.83 a barrel in mid-morning Asian trade, while Brent North Sea crude for December fell 23 cents to $106.17. Oil prices rose in New York trade yesterday after marathon talks in Geneva between Iran and major powers failed to produce a long-elusive deal, which could ease crude export sanctions on Tehran and bring the major oil producer back into the global market. Gold was slightly down, while copper fell on the heightened speculation that the Fed will taper its stimulus. Gold futures stayed below $1300 per troy ounce on Tuesday amid an uptick in equity market and concerns that US Central Bank would reduce its monetary stimulus in the first half of the 2014 on improving economic conditions in the US. Comex gold futures for December delivery on electronic platform was seen trading with a loss of $2.4 at $1278.7 per troy ounce as of 14.45 IST on Tuesday. India gold futures for December delivery opened neutral and was seen trading flat on Tuesday amid weak international cues. Weak Indian Rupee may have supported the commodity prices to certain extent. MCX gold for December delivery was seen trading with a gain of 0.04% at Rs.30154 per 10 grams as of 14.39 IST on Tuesday. Zinc prices moved down by 0.33% to Rs 119.25 per kg in futures trade yesterday as speculators booked profits at prevailing higher levels, driven by subdued demand in the spot market. At the Multi Commodity Exchange, zinc for delivery in November moved down by 40 paisa, or 0.33%, to Rs 119.25 per kg in business turnover of 1,110 lots. Likewise, the metal for delivery in December traded lower by 25 paisa, or 0.21%, to Rs 120.60 per kg in 69 lots. Besides profit booking by speculators at prevailing higher levels amid subdued demand in the spot markets mainly influenced zinc prices at futures trade.

RECOMMENDATIONS SILVER

TRADING STRATEGY: BUY SILVER ABOVE 48320 TGTS 48500 /48700 SL 48020 SELL SILVER BELOW 47580 TGTS 47380/47180 SL 47880 GOLD

TRADING STRATEGY: BUY GOLD ABOVE 30480 TGTS 30560 /30660 SL 30380 SELL GOLD BELOW 30280 TGTS 30200 /30100 SL 30380

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DAILY REPORT
13th NOVEMBER. 2013

NCDEX

RECOMMENDATIONS CASTORSEED

NCDEX INDICES Index Value % Change

Barley Castor Seed Chana Chilli Coriander Cotton Seed Oilcake Jeera Mustard seed Ref Soya Oil Turmeric

1290 3805 3025 6552 6850 1510 12040 3704 736 4646

+1.38 +2.07 +1.04 +3.25 +2.16 +0.20 +0.99 +1.15 +0.94 +3.57

SELL CASTORSEED JAN BELOW 4070 TG 4045,4005 SL 4110 BUY CASTORSEED JAN ABOVE 4130 TG 4155,4180 SL 4090 DHANIYA

NCDEX ROUNDUP The Cotton Association of India (CAI) has revised downward its estimate of sugar production for 2013. 14 cotton season beginning October 1 by 0.5 lakh bales from its previous estimate given a month ago.CAI had pegged the 2013-14 cotton production at 381 lakh bales in October. However, this has been revised downward to 380.50 lakh bales in its November estimates released on Tuesday. The West Bengal government refused to relax the restrictions imposed on export of potatoes. The traders in the state are making all-out effort to import the vegetable from other states. The prices of potato has skyrocketed in last few days to around Rs 50 per kg with the West Bengal government imposing restrictions on its export to contain the prices in the local market. Coriander prices rose by 2.71% to Rs 6,887 per quintal in futures trade yesterday as speculators enlarged their positions supported by rising demand in the spot markets. At the NCDEX coriander for November delivery gained Rs 182, or 2.71%, to Rs 6,887 per quintal with an open interest of 1,190 lots. Similarly, the spice for delivery in December traded higher by Rs 137, or 1.96%, to Rs 7,135 per quintal, with an open interest of 24,870 lots. Increased buying by speculators on pick up in spot market demand against restricted arrivals from producing belts mainly influenced coriander prices to rise in futures trade. Call us at +91-731-6642300

SELL DHANIYA DEC BELOW 7080 TG 7050,7010 SL 7120 BUY DHANIYA DEC BELOW 7165 TG 7195,7135 SL 7125

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DAILY REPORT
13th NOVEMBER. 2013

CURRENCY

RBI Reference Rate

Currency Rate Currency Rate

Rupee- $ Euro JPY/INR

63.5930 Yen-100 85.1515 GBP

63.8500 101.5580

CURRENCY ROUNDUP At 15:45, the rupee fell to 63.75 vs its prior close of 63.24/25, as investors remained cautious ahead of consumer inflation and industrial output data. Dollar demand from custodian banks also pushed up the USD/INR pair. The rupee depreciated for a fifth day in a row. The Indian rupee fell to a near nine-week low on Tuesday, extending its losses for a fifth session, on the back of continued greenback demand from importers amidst a strengthening U.S. currency in global markets. Traders also attribute the rupee's weakness to the return of state-run oil refiners, which are now sourcing part of their dollar needs in markets and not through the special window provided by the central bank in late August. The tapering of the central bank oil window will provide test of fire for the rupee, since it comes at a time when sturdier data from the United States and a rate cut from the European Central Bank have led to a bout of global dollar strength. the dollar stuck close to a two-month high against the yen in early trade on Wednesday as investors positioned for the possibility that the U.S. Federal Reserve would soon start slowing down its asset-buying stimulus. The dollar was last up about 0.1 percent at 99.66 yen after rising as high as 99.79 yen on Tuesday, its strongest level since September 13. The dollar faces resistance at 100 yen, above which it has not traded since September 11. The euro was nearly flat from U.S. levels, holding well above lows set last week, when it suffered a heavy selloff on Thursday after the European Central Bank stunned investors by unexpectedly cutting its main rate to a record-low 0.25 percent. The common currency bought $1.3433, well above its two-month low of $1.3295 hit on Thursday, but still down nearly 3 percent from a two-year peak of $1.3833 set last month. The dollar index .DXY rose about 0.1 percent to 81.168, edging back toward a two-month peak of 81.482 struck on Friday.

JPY/INR has closed @64.2225. If it sustains above the level of 64.40, it can touch the level of 64.59 & 64.72. If it breaks the level of 63.80 it can touch the level of 63.72 & 63.55. EUR/INR

EUR/INR has closed @85.7925. If it sustains above the level of 85.80, it can touch the level of 85.97 & 86.10. If it breaks the level of 85.15 it can touch the level of 85.01 & 84.85.

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DAILY REPORT
13th NOVEMBER. 2013

CALL REPORT
PERFORMANCE UPDATES

Date
12/11/13 12/11/13 12/11/13 12/11/13 12/11/13 12/11/13 12/11/13 12/11/13 12/11/13 12/11/13 12/11/13 12/11/13

Commodity/ Currency Pairs

MCX GOLD MCX GOLD MCX SILVER MCX SILVER NCDEX CASTOR SEED NCDEX CASTOR SEED NCDEX DHANIYA NCDEX DHANIYA JPY/INR JPY/INR EUR/INR EUR/INR

Contract
DEC DEC. DEC DEC JAN. JAN. DEC. DEC. NOV. NOV. NOV. NOV.

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

Entry Level
30300 29840 48480 48240 4000 4110 7050 6920 63.85 64.55 84.50 85.40

Target
30380-30480 29760-29660 48680-4880 48040-47840 3975-3935 4135-4175 7080-7120 6890-6850 63.68-63.45 64.67-65.03 84.28-84.05 85.52-85.70

Stop Loss
30200 29940 48180 48540 4040 4070 7010 6960

Remark
BOOKED FULL PROFIT NOT EXECUTED SL TRIGGERED BOOKED FULL PROFIT NOT EXECUTED BOOKED PROFIT BOOKED FULL PROFIT NOT EXECUTED NOT EXECUTED BOOKED FULL PROFIT NOT EXECUTED NOT EXECUTED

Date
12/11/13 12/11/13 12/11/13 12/11/13 11/11/13 08/11/13

Scrip
NIFTY ZEE HINDALCO TATA COMMUNICATION SPARC INFO EDGE INDIA

CASH/ FUTURE/ OPTION

FUTURE FUTURE FUTURE CASH CASH CASH

Strategy
SELL BUY SELL BUY BUY BUY

Entry Level
6150-6180 285 112 290 150 420-430

Target
6120-6080 290-295 109-105 2998-305 160-168 455-475

Stop Loss
6210 280 115 282 140 400

Remark
BOOKED FULL PROFIT NOT EXECUTED CALL OPEN SL TRIGGERED SL TRIGGERED CALL OPEN

US ECONOMIC REPORT TIME (ET) 2 PM 8:30 AM 8:30 AM 8:30 AM 8:30 AM 8:30 AM 9:15 AM 9:15 AM 10 AM REPORT FEDERAL BUDGET WEEKLY JOBLESS CLAIMS TRADE DEFICIT PRODUCTIVITY EMPIRE STATE INDEX IMPORT PRICE INDEX INDUSTRIAL PRODUCTION CAPACITY UTILIZATION WHOLESALE INVENTORIES PERIOD ACTUAL WEDNESDAY, NOV. 13 OCT. THURSDAY, NOV. 14 11/2 SEPT. 3Q FRIDAY, NOV. 15 NOV. OCT. OCT. OCT. SEPT. CONSENSUSFORECAST ---$39.1 BLN 1.7% 3.8 -0.4% 0.1% 78.3% -PREVIOUS -$120 BLN 336,000 -$38.8 BLN 2.3% 1.5 0.2% 0.6% 78.3% 0.5%

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