DAILY REPORT

25th FEBRUARY. 2014

Global markets at a glance The Nikkei average advanced to a 3-1/2-week peak on Tuesday after a rally in Wall Street shares to historic highs triggered short-covering in battered Japanese stocks. The Nikkei was up 1.2 % at 15,013.29 as of 0208 GMT after touching 15,079.84, its highest since Jan. 31. The benchmark has recovered about 40 % of its losses since it fell from a six-year peak hit in late December. Demand for Spanish equities helped European shares to six-year highs on Monday, but weaker-than-expected results from HSBC and a disappointing outlook from Volkswagen capped the gains. The pan-European FTSEurofirst 300 closed up 0.6 % at 1,351.65 points, the highest closing price since May 2008. The euro zone's blue-chip Euro STOXX 50 index finished up 0.8 % at 3,157.31 points. Wall Street Update U.S. stocks rose on Monday and the S&P 500 hit a record intraday high, helped by gains in health insurers' shares and optimism about merger activity. The Nasdaq reached a 14-year high, though all three indexes closed off their highs for the session. The S&P 500 finished less than a point away from its record closing high of 1,848.38. The Dow Jones industrial average .DJI rose 103.84 points or 0.64 %, to close at 16,207.14. The S&P 500. SPX gained 11.36 points or 0.62%, to end at 1,847.61, after rising to an intraday record of 1,858.71. The Nasdaq Composite .IXIC added 29.558 points or 0.69 %, to finish at 4,292.968. Previous day Roundup The market started off the week on a positive note with the Sensex rising over 100 points supported largely by banks and capital goods stocks. However, there was a bit of volatility in the market ahead of expiry of February derivative contracts on Wednesday. The Sensex rose 110.69 points to close at 20,811.44 and the Nifty climbed 30.65 points to 6,186.10. Index stats The Market was very volatile in yesterdays session. The sartorial indices performed as follow Consumer Durables [up 1.38pts] Capital Good [up 248.89pts], PSU [down 17.74pts], FMCG [up 28.69pts] Realty [down 0.05Pts], Power [down 22.40pts], Auto [up 82.32pts], Healthcare [up 114.93pts], IT [down 36.44pts], Metals [down 81.58pts], TECK [down 26.28pts], Oil& Gas [up 49.14pts].

World Indices
Index DJl S&P 500 NASDAQ EURO STO FTSE 100 Nikkei 225 Hong Kong Value 16,270.14 1,847.61 4,292.97 3,157.31 6,865.86 15,030.70 22,436.63
CMP Change

% Change +0.64 +0.62 +0.69 +0.82 +0.41 +1.30 +0.21

% Chg

Top Gainers
Company

TATAPOWER BHEL AXISBANK RANBAXY LT

82.90 156.70 1,236.50 364.60 1,082.50

CMP

4.10 6.10 43.15 10.45 27.35

Change

+5.20 +4.05 +3.62 +2.95 +2.59

% Chg

Top Losers
Company

NTPC BHARTIARTL TATASTEEL NMDC TCS

Symbol

117.25 283.10 369.30 135.40 2,177.95

Prev. Close

15.20 5.05 5.10 1.75 27.75

Change

-11.48 -1.75 -1.36 -1.28 -1.26

%Chg

Stocks at 52 Weeks high

APOLLOTYRE BALPHARMA DRREDDY ESSDEE 125.90 33.40 2,790.10 742.00
Prev. Close

1.20 1.55 56.75 12.95

Change

+0.96 +4.87 +2.08 +1.78

%Chg

Stocks at 52 Weeks Low

Symbol

CORPBANK ESSARPORTS

228.90 50.85
CMP

5.10 0.25
Change

+2.28 +0.49
% Chg

Indian Indices
Company NIFTY SENSEX

6,186.10 20,811.44

+30.65 110.69

+0.50 +0.53

YOUR MINTVISORY

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DAILY REPORT
25th FEBRUARY. 2014

EQUITY CASH & FUTURE

STOCK RECOMMENDATIONS [FUTURE] 1. BHEL

STOCK RECOMMENDATION [CASH] 1. GENESYS INTERNATIONAL

BHEL FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sustains above 158 levels. We advise buying above 158 levels with strict stop loss 154 for the targets of 162-166 levels. 2. CROMPTON GREAVES

GENESYS INTERNATIONAL is looking strong on charts. We advise buying above 85 levels with strict stop loss of 78 for the targets of 92-98 levels.

CROMPTON GREAVES FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sustains above 128 levels. We advise buying above 128 levels with strict stop loss 125 for the targets of 130-134. YOUR MINTVISORY

MACRO NEWS Stating that the forthcoming elections will delay the reform process and hurt growth, international rating agency Moodys on Monday said it expects growth to pick up to only 5.5 % in FY15.. NCAER says After a slide in the second quarter of the current fiscal, higher exports, enhanced farm produce and moderation in inflation improved business confidence during the October-December period. India and US to finalize a agreement that will help shield Indian financial entities such as banks, insurance companies, custodians and broking houses from facing penal taxes in the US for failing to disclose the dealings of American citizens. The US govt will, from July this year, implement the Foreign Account Tax Compliance Act, or FATCA, which makes it mandatory for foreign financial institutions to report accounts of US citizens held with them. Gujarat to announce an increase in laborers' daily wages. SKS Microfinance securitizes Rs 158.27 crore.

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DAILY REPORT
25th FEBRUARY. 2014

FUTURE & OPTION

MOST ACTIVE PUT OPTION

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

NIFTY NIFTY NIFTY BANKNIFTY SBIN AXISBANK AXISBANK TATAMOTORS

Symbol

PE PE PE PE PE PE PE PE

6,100 6,200 6,000 10,500 1,500 1,200 1,150 390

4.85 27.9 1.55 17 8 4.5 1.4 1.25

LTP

4,92,749 4,13,881

67,80,250 30,71,850

2,77,843 1,02,83,050 78,063 7,317 5,127 2,659 2,309

Traded Volume (Contracts)

4,55,450 5,25,375 4,71,000 4,10,750 10,21,000

Open Interest

STOCKS IN NEWS Moily says that Govt. will not be able to terminate RIL's contract for KG-D6 gas fields as matter is pending before arbitral tribunal. Essar Energy rejects full takeover bid. Pfizer to buy stake in two foreign units. Ranbaxy Laboratories suspends drug ingredients shipment from 2 plants. Reliance Industries partners may have to sell KG-D6 gas at $4.2/unit. NIFTY FUTURE

MOST ACTIVE CALL OPTION

Option Strike Type Price

NIFTY NIFTY NIFTY BANKNIFTY SBIN AXISBANK TATAMOTORS JPASSOCIAT

CE 6,200 CE 6,300 CE 10,700 CE 1,550 CE CE 400 42

22.8 1.8 74 4.75 2.70 0.4 BUY

5,89,611 51,20,850 3,13,451 26,88,650 1,84,980 46,71,850 80,733 4,093 4,09,800 2,07,500 7,312 10,28,500 Nifty Future closed in the green in the last trading ses3,269 11,99,000 sion. We advise buying around 6150 levels with strict 3,555 71,04,000 stop loss of 6130 for the targets of 6180-6225 levels. SELL OPEN INTEREST AT THE END OF THE DAY Amount in Crores 13389.57 48969.35 33724.33 2159.50 TOTAL NET AMOUNT 601.80 450.36 -168.31 -1.37 882.48

CE 6,100 98.05

CE 1,200 36.85

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 118143 486874 374371 41708 3569.64 14446.11 11256.62 1242.16 99004 475350 381558 40943 2967.84 13995.75 11424.93 1243.53 440814 1595759 1118963 74083

INDICES
NIFTY NIFTYJUNIOR BANK NIFTY YOUR MINTVISORY

S2
6108.53 11981.26 10382.0

S1
6147.31 12003.93 10532.74

PIVOT
6169.58 12026.31 10622.2

R1
6208.36 12048.98 10772.94

R2
6230.63 12071.36 10862.39

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DAILY REPORT
25th FEBRUARY. 2014

COMMODITY MCX
COMMODITY ROUNDUP MCX Gold futures for April broke above Rs 30000 levels today following supportive global cues. Last week, the COMEX Gold futures trespassed the $1300 an ounce gushing up to near 4 month highs on back to back weak economic data releases from US which bolstered the case for slow rollback of the Fed's bond buying program. The metal is holding up well today and the COMEX futures are trading at $1333.10 per ounce, up $9.50 per ounce on the day right now. The MCX Gold futures are trading at Rs 30093, up nearly Rs 200 per 10 grams on the day. The global gold demand in 2013 declined 15% to 3,756 tonnes compared to 2012, India's gold demand remained buoyant in 2013 and rose by 13 % to 975 tonne compared to 2012, despite government putting in several restrictions to curb imports The crisis of Indonesian ban on ore exports is set to trickle uncertainty in the mining industry. The initial reactions for Copper were good when the ban was announced, but after the vagueness crisis is started developing in the industry. Copper was seen in red, with prices dipping by more than 1%. The last time Copper was checked it traded at Rs 444.7 per kg. Further selling is highly likely in the metal with supports at Rs 440 per kg now looking achievable. COMEX Copper was trading at $ 3.246, down 4 cents. Zinc futures declined 0.39% to Rs 126.55 per kg yesterday as participants reduced positions on weak cues from the global markets amid subdued demand in domestic spot markets. At MCX zinc for delivery in February traded lower by 50 paise, or 0.39%, to Rs 126.55 per kg, with a business turnover of 92 lots. The metal for delivery in March fell 30 paise, or 0.24%, to trade at Rs 127.05 per kg in a turnover of 28 lots. The fall in zinc prices at futures trade was mostly in line with a weak trend in the entire base metals pack at the LME amid concerns that demand in China will slow. Aluminium prices fell 0.42% to Rs 106.95 per kg in futures trading yesterday as speculators offloaded their positions. Further, sluggish demand in the domestic spot markets also weighed on the metal prices. At MCX aluminium for delivery in February declined by 45 paise, or 0.42%, to Rs 106.95 per kg in business turnover of 83 lots. Similarly, the metal for delivery in March traded lower by 45 paise, or 0.41%, to Rs 108.45 per kg in 31 lots.

RECOMMENDATIONS SILVER

TRADING STRATEGY: Buy Silver Mar above 48250 tgts 48450,48650 sl 47900 Sell Silver Mar below 47850 tgts 47650,47450 sl 48200 GOLD

TRADING STRATEGY: Buy Gold Apr. above 30220 tgts 30300,30420 sl 30130 Sell Gold Apr. below 30035 tgts 29955,29825 sl 30125

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DAILY REPORT
25th FEBRUARY. 2014

NCDEX

RECOMMENDATIONS GUARGUM

NCDEX INDICES Index Value % Change

Castor Seed Chana Coriander Cotton Seed Oilcake Jeera Maize Feed/Industrial Grade Mustard seed Soy Bean Turmeric

4277 3027 9358 1554 11550 1215 3428 4052 6880

+0.16 +1.10 +1.85 -1.21 -0.02 +0.16 +0.47 +0.90 -2.38

BUY GUARGUM ABOVE 13070 TGTS 13120,13220 SL 12990 SELL GUARGUM BELOW 12900 TGTS 12850,12750 SL 12990 DHANIYA

NCDEX ROUNDUP Indias castorseed output is likely to decline by 17% this year on lower acreage due to farmers shifting towards better remunerative crop. Cotton was the biggest beneficiary of the crop shifting. As per the latest crop survey conducted by Solvent Extractors' Association of India (SEA), the total area under Castor crop in India for the year 2013-14 is 916,000 hectares. It has decreased by 16% as compared to the previous year. Estimated total production of Castor Seeds in India for the year 2013-14 is 1,120,000 tonnes. It has decreased by 17% as compared to the previous year. Average yield for the year 2013-14 is 1223 kg/hectare as against 1229 kg/hectare during the year 2012-13. It has decreased by 1% as compared to the previous year. Potato prices declined by 0.65% to Rs 1,170 per quintal in futures trading yesterday as speculators offloaded their positions on increased arrivals from producing regions. At the MCX, potato for delivery in April declined by Rs 7.60, or 0.65%, to Rs 1,170 per quintal in a business turnover of 38 lots. Potato for delivery in March also traded lower by Rs 5.10, or 0.44%, to Rs 1,153.90 per quintal in 56 lots. Offloading of positions by speculators on increased arrivals from growing belts against subdued demand, mainly pulled down potato prices at futures trade.

BUY DHANIYA ABOVE 9380 TGTS 9410,9460 SL 9330 SELL DHANIYA BELOW 9235 TGTS 9205,9155 SL 9285 YOUR MINTVISORY

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DAILY REPORT
25th FEBRUARY. 2014

CURRENCY

RBI Reference Rate

Currency Rate Currency Rate

Rupee- $ Euro USD/INR

62.1185 Yen-100 85.3235 GBP CURRENCY ROUNDUP

60.7100 103.3838

The Japanese currency has stayed not far from five-year lows, with the dollar trading around 102.50 yen on Tuesday. The yen trammeled familiar ranges of the past couple of weeks, with the dollar trading at 102.47 yen. The dollar steadied against its rivals in early Asian trade on Tuesday as traders sought more clarity on the pace of the U.S. economic recovery after a series of soft data releases in the past few weeks. The dollar index stood at 80.21, near the middle of its range in the past week between 79.93 and 80.42, with safe-haven demand for the greenback receding on growing hopes Ukraine may find some stability after the fall of Russian-backed president Viktor Yanukovich. While the dollar is widely seen as having an upper hand on the yen due to the Bank of Japan's massive quantitative easing, the market lacks a catalyst to spur fresh yen selling at this point. Highlighting the risk, revised euro zone inflation data showed on Monday consumer prices fell in January at their fastest pace on a monthly basis. The Australian dollar stood at $0.9041, not far from five-week high of $0.9081 hit a week ago. Ukraine's dollar bonds rallied on Monday and its five-year debt insurance costs tumbled as hopes grew that the country would win assistance from Western donors. The Indian rupee opened flat at 62.10 per dollar on first day of the week as against Friday's closing value of 62.12 per dollar. The euro holds steady against the dollar this morning, retaining the gains from late last week as political unrest in Ukraine showed signs of settling down for the time being. The dollar index has regained some footing after touching a trough of 79.927 last week, its lowest level since late December. The dollar edged lower against a basket of major currencies on Monday as investors' risk appetite improved amid expectations that Ukraine would receive international aid, calming fears surrounding the heavily-indebted country. The dollar index was down slightly at 80.218 after posting its first weekly gain in three weeks. Expectations that Ukraine would receive aid from Western donors helped stoke investors' risk appetite. Call us at +91-731-6642300

SELL USD/INR BELOW 61.95 TGTS 61.82, 61.68 SL 62.20. BUY USD/INR ABOVE 62.38 TGTS 62.51, 62.65 SL 62.13. EUR/INR

BUY EUR/INR ABOVE 85.46 TGTS 85.60, 85.74 SL 85.16. SELL EUR/INR BELOW 85.10 TGTS 84.96, 84.81 SL 85.40. YOUR MINTVISORY

DAILY REPORT
25th FEBRUARY. 2014

CALL REPORT
PERFORMANCE UPDATES

Date 24/02/14 24/02/14 24/02/14 24/02/14 24/02/14 24/02/14 24/02/14 24/02/14 24/02/14 24/02/14 24/02/14 24/02/14

Commodity/ Currency Pairs MCX GOLD MCX GOLD MCX SILVER MCX SILVER NCDEX GUARGUM NCDEX GUARGUM NCDEX DHANIYA NCDEX DHANIYA JPY/INR JPY/INR EUR/INR EUR/INR

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

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

Entry Level 29980 29790 47700 47250 13350 13180 9230 9140 60.47 61.08 85.04 85.60

Target 30060-30200 29710-29610 47900-48200 47000-46650 13410-13480 13120-13050 9260-9310 9170-9220 60.34-60.20 61.21-61.35 84.90-84.75 85.74-85.89

Stop Loss 29860 29910 47350 47600 13250 13280 9180 9090 60.77 60.79 85.35 85.29

Remark

BOOKED FULL PROFIT NOT EXECUTED BOOKED FULL PROFIT NOT EXECUTED 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

24/02/14 24/02/14 24/02/14 24/02/14 20/02/14 20/02/14 18/02/14 17/02/14 14/02/14 10/02/14

NIFTY JSWSTEEL AXISBANK GEOMETRIC NIFTY TCS M&M AMTEK INDIA HINDALCO KRBL

BUY BUY BUY BUY BUY BUY BUY BUY SELL BUY

6120 880-885 1200 110 6120 2200-2220 940 64-65 100 45-46

6150-6180 895-905 1230-1250 120-125 6150-6180 2250-2300 960-980 70-75 97-95 50-54

6080 868 1165 100 6100 2150 920 60 103 40

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

BOOKED PROFIT
CALL OPEN

YOUR MINTVISORY

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DAILY REPORT
25th FEBRUARY. 2014

ECONOMIC CALENDAR

NEXT WEEK'S U.S. ECONOMIC REPORTS TIME (ET) REPORT PERIOD MONDAY, FEB. 10 NONE SCHEDULED TUESDAY, FEB. 11 7:30 am 10 am 10 am NFIB small business index Wholesale inventories Job openings Jan. Dec. Dec. WEDNESDAY, FEB.12 2 pm Federal budget Jan. THURSDAY, FEB. 13 8:30 am 8:30 am 8:30 am 10 am Weekly jobless claims Retail sales Retail sales ex-autos Business inventories 2/8 Jan. Jan. Dec. FRIDAY ,FEB 14 8:30 am 9:15 am 9:15 am 9:55 am Import price index Industrial production Capacity utilization UMich consumer sentiment index Jan. Jan. Jan. Jan. Disclaimer
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ACTUAL

CONSENSUS FORECAST

PREVIOUS

----

93.9 0.5% 4.0 mln

--

-$3 bln

N/A 0.3% 0.2% 0.5%

N/A 0.2% 0.7% 0.4%

-0.1% 0.3% 79.3% N/A

0.0% 0.3% 79.2% 82.1

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