DAILY REPORT

01st JANUARY. 2014

Global markets at a glance Stocks closed 2013 by setting record highs and world equity markets ended at six-year peaks on Tuesday, while benchmark bond yields posted their first annual rise since 2009. European shares rose on Tuesday to mark a positive end to 2013, with pan-European indexes posting their best annual gains since 2009 and many investors forecasting more progress next year. The pan-European FTSEurofirst 300 index was up 0.3 percent at 1,315.22 points, while the euro zone's blue-chip Euro STOXX 50 index rose 0.3 percent to 3,109.02 points. Wall Street Update Stocks closed out their best year in more than 15 on Tuesday, with major indexes advancing throughout 2013 on back of Federal Reserve's massive stimulus and expectations for accelerating growth going forward. Wall Street ended 2013 with its positive momentum intact, advancing in its final trading day of the year on the back of positive consumer confidence data. Both Dow and S&P 500 finished the final trading day of 2013 at record closing highs. The Dow Jones industrial average .DJI gained 72.37 points, or 0.44%, to end at 16,576.66. The Standard & Poor's 500 Index .SPX advanced 7.29 points, or 0.40 percent, to finish at 1,848.36. The Nasdaq Composite Index .IXIC rose 22.39 points, or 0.54 percent, to close at 4,176.59. Previous day Roundup The market closed the last session of 2013 on a flat note amid thin volumes with the Nifty holding the 6300 level on Tuesday. The Sensex rose 27.67 points yesterday to close at 21,170.68, and the Nifty climbed 12.90 points to 6,304, but the broader markets outperformed benchmarks. Index stats The Bankex and Bank Nifty both advanced 0.12% & 0.08% respectively. Among the sartorial indices almost all the sectors were slightly up; Capital Goods [up 21.10pts], AUTO [up 6.51pts], PSU [up 19.04pts], Consumer Durables [up 10.41pts], Realty [up 2.46pts], TECK [up 7.98pts], IT [up 14.39 pts], Power [up 10.07pts], Healthcare [up 20.88pts] and Oil & Gas [up 45.95pts], the index declined were FMCG [down 3.82pts], Metals [down 20.94pts].

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 23,306.39
CMP Change

% Change +0.44 +0.40 +0.54 +0.26 +0.26 +0.59 +0.26

% Chg

Top Gainers
Company

IDFC JPASSOCIAT TATAPOWER ULTRACEMCO HCLTECH

109.35 54.45 91.10 1,766.00 1,265.70

CMP

4.95 1.65 2.25 26.80 19.00

Change

+4.72 +3.13 +2.53 +1.54 +1.52

% Chg

Top Losers
Company

Stocks at 52 Weeks high

Symbol

BHEL MARYTI JINDALSTEL M&M TATASTEEL

176.20 1,762.00 260.90 942.05 423.05

3.20 15.20 2.15 6.35 2.50

Change

-1.78 -0.86 -0.82 -0.67 -0.59

%Chg

Prev. Close

APOLLOTYRE FLEXITUFF GMRINFRA JSWSTEEL JUSTDIAL

106.85 226.00 24.75 1,016.10 1,441.00

5.50 0.15 0.40 6.20 22.80

+5.43 -0.07 +1.64 -0.61 +1.61

Stocks at 52 Weeks Low

Symbol Prev. Close Change %Chg

--

Indian Indices
Company NIFTY SENSEX CMP Change % Chg

6,304.00 21,170.68

+12.90 +27.67

+0.21 +0.13

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DAILY REPORT
01st JANUARY. 2014

EQUITY CASH & FUTURE

STOCK RECOMMENDATIONS [FUTURE] 1. MCDOWELL-N

STOCK RECOMMENDATION [CASH] 1. ARIES AGRO LTD

MC DOWELL FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it continues to sustain above 2600. We advise buying around 26002620 levels with strict stop loss 2560 for the targets of 2650-2690 2. IDFC

ARIES AGRO LTD is looking strong on charts. We advice buying above 52 levels with strict stop loss of 48 for the targets of 56-60 levels.

IDFC FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it continues to sustain above 110. We advise buying on dips around 109-110 levels with strict stop loss 107 for the targets of 112-115.

MACRO NEWS Maharashtra state govt. has hiked the ready reckoner rates for residential and commercial properties. RBI revises norms on gold dore imports by bullion refineries. Quantum of gold dore to be imported should be determined lot-wise on the basis of export performance. FMC says Indian Bullion Market Association members can pay directly from NSEL escrow account. Lakshmi Vilas Bank to mull rights issue on Friday. Cabinet appointments committee okays tenure extension of BHEL CMD. Delhi Discom 51:49 JV between private companies and govt. (Tata Power, Reliance Infrastructure in focus). Delhi, Mumbai LPG consumers to get cash subsidy from Jan 1. SBI gets shareholders' nod for Rs 11,500-cr QIP . Fiscal deficit in April-November hits 94% of annual target. Glenmark faces patent infringement for cancer drug in US.

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DAILY REPORT
01st JANUARY. 2014

FUTURE & OPTION

MOST ACTIVE PUT OPTION

Symbol Option Type PE PE PE PE PE PE PE PE Strike Price 6,300 6,200 6,100 100 1,750 900 2,500 LTP Traded Volume (Contracts) 1,30,099 83,705 63,278 4,759 1,873 1,788 1,421 890 Open Interest 39,54,800 36,54,400 30,21,400 1,36,725 17,44,000 1,08,125 2,58,500 79,625

NIFTY NIFTY NIFTY BANK NIFTY APOLLOTYRE SBIN RELIANCE MCDOWELL-N

80.85 49.10 28.80 2.50 46.65 21.00 46.50

11,000 135.05

STOCKS IN NEWS IDBI raises interest rate on term deposits by up to 0.5%. Adani Power generates highest 4644 mw at Mundra Project BHEL renovates power plant unit in Uttar Pradesh ONGC Videsh completes acquisition of 12% stake in Brazil oil field. Adani Power plant at Mundra achieves full load of 4,620 MW . NIFTY FUTURE

MOST ACTIVE CALL OPTION

Symbol Option Type CE CE CE CE CE CE CE CE CE Strike Price 6,400 6,500 6,300 12,000 2,600 1,800 900 110 1,900 LTP Traded Volume (Contracts) 1,18,404 89,346 52,543 7,584 2,002 4,150 4,131 2,673 1,960 Open Interest 37,09,250 45,74,050 25,53,400 2,15,000 2,42,125 4,94,750 6,11,750 Nifty Future closed in the green in the last trading ses18,36,000 sion. We advise buying around 6340-6350 with strict 2,97,875

NIFTY NIFTY NIFTY BANKNIFTY MCDOWELL-N SBIN RELIANCE APOLLOTYRE SBIN

78.65 41.35 132.00 114.35 112.10 39.40 23.55 4.55 13.80

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 13785.40 30111.91 30713.29 602.71 TOTAL NET AMOUNT 13.62 6.93 -217.65 4.12 -192.98 No. of Amount in No. of Amount in No. of Contracts Crores Contracts Crores Contracts INDEX FUTURES INDEX OPTIONS STOCK FUTURES STOCK OPTIONS 21143 111712 31164 12734 668.84 3467.12 1037.68 379.18 20640 111215 37549 12926 655.22 3460.19 1255.33 375.06 437017 956648 952546 20607

INDICES
NIFTY NIFTYJUNIOR BANK NIFTY YOUR MINTVISORY

S2
6272.86 12821.28 11265.25

S1
6288.43 12877.26 11325.25

PIVOT
6302.86 12909.98 11376.55

R1
6318.43 12965.96 11436.55

R2
6332.86 12998.68 11487.85

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DAILY REPORT
01st JANUARY. 2014

COMMODITY MCX
COMMODITY ROUNDUP The Reserve Bank of India (RBI) has allowed gold refiners to import dore up to 15 per cent of their gross average viable quantity, based on their licence entitlement in the first two months, for making this available to exporters on a first-in first-out basis. The quantum of gold dore to be imported should be determined lot-wise, on the basis of export performance, RBI said. Till now, dore import was banned and gold refineries were sourcing their input from scrap gold. Gold jewellery manufacturers have welcomed the move. RBI and the government had imposed several restrictions on gold consumption, including raising import duty, when the current account deficit (CAD) touched a record high of 4.8 per cent of GDP last year. At that time, RBI had mandated imports of the precious metal against suppliers or buyers credit would be on 100 per cent cash margin, and on a document against payment basis.

RECOMMENDATIONS SILVER

TRADING STRATEGY: BUY SILVER ABOVE 44400 TGTS 44600/44900 SL 44040 SELL SILVER BELOW 43730 TGTS 43530/43230 SL 44100 GOLD

Nickel prices declined 0.47%, to Rs 863.50 per kg in futures trading yesterday as speculators reduced their holdings amid a weak global trend. At the Multi Commodity Exchange, nickel for delivery in current month, December eased by Rs 4.10, or 0.47%, to Rs 863.50 per kg in business turnover of 231 lots. On the similar lines, the metal for delivery in January shed Rs 3.50, or 0.40%, to Rs 872.50 per kg in 457 lots. Off-loading of positions by speculators in tune with a weak global trend in base metals and ending monthly settlement, mainly kept pressure on nickel futures. Lead prices weakened by 0.72 % to Rs 138 per kg in futures trade yesterday as speculators indulged in squaring-up of positions in view of ending settlement amid a weak global trend. At the Multi Commodity Exchange, lead for delivery in January weakened by Re one, or 0.72%, to Rs 138 per kg in business turnover of 378 lots. Similarly, the metal for delivery in December traded lower by 90 paisa, or 0.65% to Rs 136.70 per kg in 268 lots. THE fall in lead futures to squaring up of positions in view of monthly settlement and a weak global trend.

TRADING STRATEGY: BUY GOLD ABOVE 28480 TGTS 28560/28660 SL 28380 SELL GOLD BELOW 28350 TGTS 28270/28170 SL 28480

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DAILY REPORT
01st 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 BUY CASTORSEED FEB ABOVE 4675 TGTS 4705,4755 SL 4625 SELL CASTORSEED FEB BELOW 4550 TGTS 4520,4470 SL 4600 DHANIYA Sugar M Grade Turmeric

4562 3081 8063 1471 12592.5 1190 3520 3822 2805 6616

+3.99 +0.49 +4.00 -0.88 +0.40 -0.58 +0.34 +1.31 0.00 +3.99

NCDEX ROUNDUP

Indias coffee exports recorded a marginal rise of three per cent to 313,128 tonnes for the calendar year 2013 (till December 27), as against 303,982 tonnes in the same period last year. In the full year ended December 31, 2012, India had exported 305,247 tonnes. In value terms, the exporters earned $837.14 million, a decline of 7.55 per cent over the corresponding period of previous year. Between January and December 2012, the earnings stood at $909.66 million. In rupee terms, however, the exporters earned a higher amount of Rs 4,705.63 crore as against Rs 4,616.62 crore due to depreciation against the dollar. In 2012, earnings from coffee exports stood at Rs 4,637.87 crore. Tomato, potato and onion were the three perishable commodities that disturbed the kitchen budget in 2013, with the highest inflation in both wholesale and retail markets. Pulses, edible oils and sugar proved saviours for consumers, with a steep fall in their prices despite an upsurge in the Wholesale Price Index (WPI) and Consumer Price Index (CPI).

BUY DHANIYA JAN ABOVE 8120 TGTS 8150,8200 SL 8070 SELL DHANIYA JAN BELOW 8010 TGTS 7980,7930 SL 8060

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DAILY REPORT
01st JANUARY. 2014

CURRENCY

RBI Reference Rate

Currency Rate Currency Rate

Rupee- $ Euro USD/INR

61.8970 Yen-100 85.3635 GBP CURRENCY ROUNDUP

58.9700 102.0094

The euro ended 2013 close to its highest level in two years against the dollar. But a Reuters poll shows it is expected to reverse its upward trend next year as the continued soft stance of the European Central Bank contrasts with the Fed's. On Tuesday, the single currency inched down to $1.3756, still up more than 4 percent for the year. The dollar was slightly higher against the yen at 105.32, posting its biggest annual gain against the yen in 34 years, with the Japanese currency hit by the Bank of Japan's money-printing. The easing of the euro zone crisis and signs of a pick-up in economic activity even in the bloc's weakest states have offered strong support to the euro and brought Italian and Spanish debt yields down to just over half their crisis peaks. In the oil market, U.S. oil futures ended down 87 cents to $98.42. The dollar traded mixed to higher against most major currencies on Tuesday after widely-watched consumer confidence data beat expectations and cemented expectations for the Federal Reserve to continue scaling down stimulus programs in 2014. In U.S. trading on Tuesday, EUR/USD was down 0.30% at 1.3759. The Conference Board reported earlier that its index of U.S. consumer confidence improved to 78.1 in December from 72.0 in November, beating consensus forecasts for a 76.0 reading. The dollar was up against the yen, with USD/JPY up 0.09% at 105.24, and up against the Swiss franc, with USD/CHF up 0.42% at 0.8914. The dollar was down against its cousins in Canada, Australia and New Zealand, with USD/CAD down 0.17% at 1.0629, AUD/USD up 0.30% at 0.8932 and NZD/ USD trading up 0.32% at 0.8230. The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was up 0.16% at 80.30.

SELL USD/INR BELOW 62.04 TGTS 61.89, 61.71 SL 62.40. BUY USD/INR ABOVE 62.45 TGTS 62.59, 62.82 SL 62.09. JPY/INR

SELL JPY/INR BELOW 59.15 TGTS 59.00, 58.84 SL 59.51. BUY JPY/INR ABOVE 59.64 TGTS 59.80, 59.98 SL 59.28.

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DAILY REPORT
01st 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 GBP/INR GBP/INR

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

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

Entry Level 28480 28250 44480 43900 4350 4480 7805 7670 62.15 62.59 102.38 103.10

Target 28560-28660 28170-28070 44680-44980 43700-43400 4320-4270 4510-4560 7835-7885 7640-7590 61.99-61.79 62.73-62.99 102.20-101.99 103.29-103.51

Stop Loss 28380 28350 44080 44250 4400 4430 7755 7720 62.51 62.14 102.78 102.70

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

Date

Scrip

Strategy

Entry Level

Target

Stop Loss

Remark

31/12/13 31/12/13 31/12/13 31/12/13 30/12/13 30/12/13 27/12/13 24/12/13 23/12/13

NIFTY COAL INDIA BHEL KERNEX TCS KOTLE PATIL TATA STEEL LICHOUSING RELIANCE

SELL BUY BUY BUY BUY BUY BUY BUY BUY

6370-6390 288-290 168-170 54 2160-2170 95 428 215-216 895-900

6320-6280 296-300 175-180 58-62 2190-2220 100-105 434-438 220-225 915-935

6420 285 165 50 2140 95 422 210 878

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

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DAILY REPORT
01st 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

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-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

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