DAILY REPORT

13th SEPT. 2013

Global markets at a glance Asian markets were mostly higher on Thursday as investors took a breather after a rally at the start of the week, but Tokyo slipped on profit-taking and a stronger yen. Shanghai ended 0.64 per cent higher, adding 14.34 points to 2,255.61, while Hong Kong was flat, edging up 16.58 points to 22,953.72. Japan's Nikkei fell as investors cashed in after a more than four per cent rally since Monday . U.S. stocks slipped on Thursday, ending seven straight days of gains by the S&P 500 index as a drop in precious metal prices dragged mining shares lower. Wall Street Update Wall Street provided a mostly positive lead, with the Dow up 0.89 per cent and the S&P 500 rising 0.31 per cent. However, the tech-driven Nasdaq dipped 0.11 per cent, dragged down by a 5.4 per cent. Previous day Roundup The BSE mid and small cap indices managed to attract buying in mid-morning trade on Thursday as compared to over 150 points fall in the S&P BSE Sensex. The Nifty closed at 5,850.45, down 62.70 points or 1.06 per cent. It touched a high of 5,932 and a low of 5,815.80 in trade yesterday. The S&P BSE Midcap Index was down 0.09 per cent and the S&P BSE Smallcap Index was 0.27 per cent higher. The 30share index ended at 19,785.63, down 211.82 points or 1.06 per cent. It touched a high of 20,052.05 and a low of 19,676.49 in trade yesterday. Index stats Bank Nifty & Bankex both declined 2.03%& 1.86% respectively, while all the sectors also resulted downside closing in yesterdays session; Consumer Durables [down 109.39 pts], IT [down 96.45 pts], Oil & Gas [down 14.65pts], TECK [down 55.48pts], PSU [down 88.11pts], Metals [down 218.71pts], Capital Goods [down 99.481pts], AUTO [down 199.14pts], Healthcare [down 12.15pts], except Power [down 9.43pts] REALTY [up 6.92 pts], FMCG [up 21.43pts]. traded upward.

World Indices
Index DJl S&P 500 NASDAQ EURO STO FTSE 100 Nikkei 225 Hong Kong Value 15,300.64 1,683.42 3,715.97 2,862.98 6,588.98 14,380.34 22,855.32
CMP Change

% Change -0.17 -0.34 -0.24 +0.01 +0.01 -0.05 -0.43

% Chg

Top Gainers
Company

TATAPOWER IDFC ITC GAIL RANBAXY

76.45 94.70 337.60 309.50 454.40

CMP

+2.80 +2.45 +7.65 +2.03 +5.30

Change

3.80 .2.66 2.32 2.03 1.18

% Chg

Top Losers
Company

JPASSOCIAT INDUSINDBK TATASTEEL BHEL ONGC

38.20 396.10 301.55 134.90 277.80

Prev. Close

-5.20 -23.70 -14.15 -5.80 -11.50

Change

-11.998 -5.65 -4.48 -4.12 -3.98

%Chg

Stocks at 52 Weeks high

Symbol

ARVINDREM GALLISPAT HCLTECH KPIT MINDTREE

Symbol

52.20 156.00 1,073.00 76.70 1,051.40

Prev. Close

+1.35 +0.20 +6.45 +0.40 -7.05

Change

+2.65 +0.13 +0.60 +0.52 -0.67

%Chg

Stocks at 52 Weeks Low

HUBTOWN KIRLOSENG 130.50 150.35
CMP

-16.75 -5.20
Change

-11.38 -3.34
% Chg

Top Losers
Company NIFTY SENSEX

5,850.70 19,781.88

-62.45 -215.57

-1.06 -1.08

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DAILY REPORT
13th SEPT. 2013

EQUITY CASH & FUTURE

STOCK RECOMMENDATIONS [FUTURE] 1. JP ASSOCIATE

STOCK RECOMMENDATION [CASH] 1. TATA COMMUNICATION

JP ASSOCIATE is looking weak on charts, short build up has been seen, we may see more downside, if it continues to sustain below 38. We advise selling below 38 levels with strict stop loss of 40 for the targets of 36-34 levels. 2. TATA MOTORS

TATA COMMUNICATION is looking strong on charts . We advise buying above 182 with strict stop loss of 176 for the targets of 185-188-192 levels. MACRO NEWS India's industrial production jumped an unexpected 2.6 percent in July after contracting for two straight months, it had a 2.2 percent contraction in June. The manufacturing sector, which constitutes about 76 percent of industrial production, rose 3.0 percent from a year earlier and Capital goods production. rebounded by a robust 15.6 percent in July.

CORPORATE ACTION TODAY

SCRIP ACTION Rs. Per Share

TATA MOTORS is looking weak on charts, short build up has been seen, we may see more downside, if it continues to sustain below 340. We advise selling on rise around 338340 levels with strict stop loss of 350 for the targets of 330325 levels.

NAGREEKEXP ISFT BASML SHIVAMAUTO HCIL SHIVTEX JINDALSTEL SAVERA AURIONPRO HINDCOPPER

DIVIDEND DIVIDEND DIVIDEND DIVIDEND DIVIDEND DIVIDEND DIVIDEND DIVIDEND DIVIDEND DIVIDEND

0.5 1 2 4 0.1 1.2 1.6 1.2 1.25 1 Call us at +91-731-6642300

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DAILY REPORT
13th SEPT. 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) 2.75,872 2,65,693 2,06,218 10,301 3,948 2,349 2,468 2,981 Traded Volume (Contracts) 3,31,219 3,07,500 2,26,359 13,752 5,726 5,296 3,230 4,800 2,933 Open Interest 37.98,350 33,47,850 52,83,850 2,06,625 1,04,875 3,58,500 1,40,750 48,80,000 Open Interest 44,67,500 35,47,350 37,04,350 1,43,350 2,96,625 6,39,250 23,06,000 67,76,000 2,51,000

NIFTY NIFTY NIFTY BANK NIFTY SBIN AXISBANK RELIANCE JPASSOCIAT Symbol

5,800 107.25 5,700 5,600 1,650 1000 880 35 Strike Price 6,000 6,100 6,200 11,000 1,700 900 100 45 1,050 75.55 52.65 63.50 46.70 27.00 1.45 LTP

9,500 139.75

STOCKS IN NEWS Essar Energy gets $300 mn extra credit from Chinese Exim Bank, to repay bridge loan Diageo is now the single largest shareholder with 25% stake in United Spirits . Essar Energy gets $300 mn extra credit from Chinese Exim Bank, to repay bridge loan. India Infoline Fin to raise up to Rs 1,050cr via NCDs. NIFTY FUTURE

MOST ACTIVE CALL OPTION

NIFTY NIFTY NIFTY BANKNIFTY SBIN RELIANCE IDFC JPASSOCIAT AXISBANK

71.50 39.55 20.10 98.15 50.00 16.80 3.20 0.90 40.10

Nifty Future as expected closed in the red in the last trading session. We advise selling on rise around 5900-5920 with strict stop loss of 5960 for the targets of 5880-5850 levels.

FII DERIVATIVES STATISTICS

BUY SELL OPEN INTEREST AT THE END OF THE DAY Amount in Crores
13780.89 69097.48 28462.11 1744.07

No. of Amount in No. of Amount in No. of Contracts Crores Contracts Crores Contracts INDEX FUTURES INDEX OPTIONS STOCK FUTURES STOCK OPTIONS
65417 618297 85271 32223 1895.45 17669.46 2158.04 807.37 77758 644058 96405 31537 2239.02 18451.07 2468.30 784.26 481928 2370272 1041939 62958

NET AMOUNT
-343.58 -781.62 -310.26 23.11

TOTAL

-1412.34

INDICES
NIFTY NIFTYJUNIOR

S2
5749.96 10809.99

S1
5800.33 10927.54

PIVOT
5866.16 11092.59

R1
5916.53 11210.14

R2
5982.36 11375.2

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DAILY REPORT
13th SEPT. 2013

COMMODITY MCX
Yesterday MCX gold declined to one month low tracking bearish trend in the international market. MCX gold futures for October delivery was seen trading down by 0.86% at Rs.30417 per 10 grams as of 15.28 IST on Thursday. Gold in the international market recorded a decline of 19% this year amid concerns that the US Central Bank would start reducing its monetary stimulus program. Holdings at the SPDR Gold Trust, were remain unchanged for a second day at 917.13 metric tons on Wednesday. The trend in silver futures for December delivery on India's MCX was bearish. MCX silver futures for December delivery was seen trading down by 1.16% at Rs. 51832 per kg as of 15.52 IST.

RECOMMENDATIONS SILVER

TRADING STRATEGY: SELL SILVER DEC BELOW 50800 TG 50000, 49500 SL 51550 BUY SILVER DEC ABOVE 49800 TG 50600 50900 SL 49000

MCX crude oil futures for September delivery was seen trading up by 1.17% at Rs. 6945 per barrel as of 16.50 IST yesterday. US crude oil prices edged up yesterday supported by a decline in US crude oil stock-piles amid uncertain picture on crude oil supply from the Middle East. US commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 0.2 mn barrels from the previous week. US crude oil inventories at the Cushing, Oklahoma, hub fell for the 10th straight week, as per EIA estimates. Copper prices edged down in the global market on Thursday amid weak data releases from Europe and concerns that US Central Bank may start reducing its 'commodity friendly' monetary stimulus later this month. Copper stockpiles at LME accredited warehouses fell for a sixth session to 579,750 tons, as per the daily data. Orders to withdraw the base metal from warehouses, declined 1.9% to 281,525 tons. Lead witnessed a sharp decline on London Metal Exchange (LME) on Thursday. However, depreciation of Indian Rupee against US Dollar (USD) limited further decline in the base metal prices to certain extent in Indian futures market.

GOLD

TRADING STRATEGY: BUY GOLD OCT ABOVE 29900 TG 30180,30270 SL 29850 SELL GOLD OCT BELOW 30250 TG 29850, 29550 SL 30280

COMMODITY ROUNDUP

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DAILY REPORT
13th 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

3601 3123 4778 5620 1739 13365 3495 682.15 3006 4582

+0.33 +3.96 +1.96 +3.01 +3.95 +1.46 +1.60 +0.12 +0.23 -2.80

US soybean futures were seen exhibiting positive trend BUY CASTORSEED OCT ABOVE 3765 TG 3790,3840 SL 3720 SELL CASTORSEED OCT BELOW 3730 TG 3700,3660 SL 3770 DHANIYA ahead of USDA crop estimates supported by speculation that a reduction in the USDA estimates may result in rise in demand. Soybean futures for November delivery on CBOT was seen trading up by 0.22% at $1361 per bushel as of 13.54 IST on Thursday. US soybean ending stocks for 201314 season may have declined in between 165 and 170 mn bushels in USDA September crop estimates, lower when compared to the previous crop estimates of 220 mn bushels. Soybean futures on NCDEX for October delivery edged up on Thursday and was seen trading bullish. NCDEX soybean futures for October delivery was seen trading up by 0.95% at Rs.3450.5 per 100 kgs as of 14.09 IST. India chana (Chickpea) futures was seen continuing their slight upward movement supported by short covering on Thursday. A weaker than expected spot market demand ahead of BUY DHANIYA OCT ABOVE 5850 TG 5880,5940 SL 5810 SELL DHANIYA OCT BELOW 5780 TG 5750,5710 SL 5825 festive demand was seen pressuring the commodity prices to certain extent. In value terms, India imported $2.3 billion worth pulses in 2012-13, higher when compared to the $1.85 billion worth imports recorded in the previous

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DAILY REPORT
13th SEPT. 2013

CURRENCY

RBI Reference Rate

Currency Rate Currency Rate

Rupee- $ Euro EUR/INR

63.6673 Yen-100 84.7230 GBP CURRENCY ROUNDUP

64.1000 100.7089

EUR/INR has closed @85.11000. If it breaks below the level of 84.05, it can touch the level of 83.37 & 83.00. If it sustains above the level of 85.70, it can touch the level of 86.10 & 86.71. JPY/INR

The rupee fell on Thursday, after five days of gains, on heavy dollar demand from oil marketing companies. The rupee ended at 63.50/51 to the dollar versus 63.38/39 last close. It rose to 62.92 in the session, its strongest level since Aug. 19. In the currency futures market, the mosttraded near-month dollar/rupee contracts on the National Stock Exchange, the MCX-SX and the United Stock Exchange all closed around 63.94 with a total traded volume of $3.4 billion. The rupee has been on a recovery trail helped by recent steps like the passage of the pension bill in parliament & the central bank providing a concessional swap facility to banks to attract overseas deposits from NRIs. The dollar fell to 99.54 yen, compared with 99.92 yen late in New York and well off the 100.50 yen seen on Wednesday in Tokyo. The euro fetched $1.3302 and 132.40 yen against $1.3314 and 133.03 yen in US trade. In the offshore non-deliverable forwards, rupee spot was at 63.36, one month contract was at 64.17, while three-month was at 65.43. Yield on 10-year 7.16% G-sec went up to 8.50% from its previous close of 8.48%. State-run banks bought dollars likely for government defence needs India will talk to Iran about paying for its oil imports fully in rupees after the Middle Eastern nation ended a brief trial of the mechanism and reverted to a system of partial rupee payments. India wants to use its local currency, which has declined sharply against the dollar, to settle imports and save foreign exchange. the rupee has slumped as much as 20 percent this year, it said rated Indian non-financial companies should be able to meet their $32.8 billion in debt coming due through March 2014.

JPY/INR has closed @64.4500. If it breaks below the level of 63.20, it can touch the level of 62.80 & 62.45. If it sustains above the level of 64.90, it can touch the level of 65.42 & 65.92.

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DAILY REPORT
13th SEPT. 2013

CALL REPORT
PERFORMANCE UPDATES

Date 12/09/13 12/09/13 12/09/13 12/09/13 12/09/13 12/09/13 12/09/13 12/09/13 12/09/13 12/09/13 12/09/13 12/09/13 Date 12/09/13 12/09/13 12/09/13 12/09/13

Commodity/ Currency Pairs MCX GOLD MCX SILVER MCX GOLD MCX SILVER NCDEX CASTOR SEED NCDEX CASTOR SEED NCDEX DHANIYA NCDEX DHANIYA EUR/INR JPY/INR EUR/INR JPY/INR Scrip NIFTY HAVELLS BANK OF NDIA FINANCIAL TECH

Contract OCT. DEC. OCT. DEC. SEP SEP SEP SEP SEP SEP SEP SEP CASH/ FUTURE/ OPTION FUTURE FUTURE FUTURE CASH

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

Entry Level 30750 52800 30500 52000 3755 3720 5715 5672 83.90 63.00 85.90 64.50 Entry Level 5880-5900 645-650 170 192

Target 30850-30950 53000-53200 30400-30300 51800-51600 3780-3820 3695-3650 5690-5650 5650-5610 83.37.82.71 62.69-62.09 86.37-87.00 64.90-66.42 Target 5950-5980 660-680 173-175 1989-205

Stop Loss 30650 52500 30600 52300 3710 3765 5750 5710

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

Stop Loss 5850 625 164 183

US ECONOMIC REPORT TIME (ET) REPORT PERIOD ACTUAL CONSENSUS FORECAST PREVIOUS

FRIDAY, SEPT. 13 8:30 am 8:30 AM 8:30 am 8:30 AM 9:55 am 10 AM Retail sales RETAIL SALES EX-AUTOS Producer price index CORE PPI UMich consumer sentiment index BUSINESS INVENTORIES Aug. Aug. Aug. Aug. Sept. July -0.3% 0.3% 0.3% 0.2% 0.2% 0.2% 0.5% 0.0% 0.1% 82.1 0.0%

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