DAILY REPORT

18th OCTOBER. 2013

Global markets at a glance Global markets are upbeat after the US congress passed the debt limit Bill to end the two week long government shutdown. European shares fell on Thursday as market relief at a last-ditch U.S. budget deal gave way to worries over the economic impact of the 16-day govt shutdown. Hong Kong stocks fell 0.57% on Thursday. The Hang Seng Index eased 133.45pts to 23,094.88. Asian shares mostly rose after a bill to reopen the US govt. & raise the country's borrowing limit was finally passed. The S&P 500 closed at a record high on Thursday as investor confidence grew following a last-minute deal to avoid a US default, but weaker-than-expected results from heavyweights IBM and Goldman Sachs pressured the Dow. The S&P 500's intraday record of 1732.92 broke the all-time high set Sep 19. Over 80% of stocks traded on the New York Stock Exchange rose. Wall Street Update The U.S. Congress on Wednesday approved an 11th-hour deal to end partial govt. shutdown and pull the world's biggest economy back from the brink of a historic debt default The deal will fund the govt until 15 Jan and extends the debt ceiling until 7 Feb. The US Senate voted in favor of the deal. Previous day Roundup The market remained very volatile yesterday as selling pressure mounted on. Indian shares fell on Thursday for a second consecutive session, as software services exporter TCS slumped despite posting quarterly earnings that beat estimates as investors booked profits after recent strong gains. The benchmark BSE index dropped 0.67%, marking a second day of falls after hitting on Friday its highest intraday level since Nov 2010. The NSE index ended down 0.82%. About 1215 shares advanced, 1230 shares declined, and 142 shares are unchanged. Index stats Bank Nifty & Bankex both declined 0.71% & 0.64% respectively, the sectors which were in negative move with Nifty in yesterdays session were; IT [down pts], Power [down 6.99pts], Capital Goods [down 192.52pts], AUTO [down 143.56pts], Healthcare [down 53.41pts], TECK [down 128.03pts], PSU [down 5.58pts], Metals [down 13.12pts], REALTY [down 11.95pts] all traded downward except Consumer Durables [up 99.04pts], FMCG [up 80.06pts], Oil & Gas [up 116.00pts].

World Indices
Index DJl S&P 500 NASDAQ EURO STO FTSE 100 Nikkei 225 Hong Kong Value 15,371.65 1.733.15 3,863.15 3,010.39 6,576.16 14,558.01 23,249.69
CMP Change

% Change -0.01 +0.67 +0.62 -0.17 +0.07 -0.17 +0.65

% Chg

Top Gainers
Company

JP ASSOCIAT BHARTIARTL ONGC ITC BPCL

44.30 349.00 281.45 346.00 348.20

CMP

2.55 9.90 6.25 6.00 5.10

Change

+6.11 +2.92 +2.27 +1.76 +1.49

% Chg

Top Losers
Company

HCL TECH TCS INDUSINDBK LT TATAMOTORS

Symbol

1,078.85 2,099.00 388.45 835.90 374.00

Prev. Close

82.30 116.40 19.00 35.80 14.85

Change

-7.09 -5.25 -4.66 -4.11 -3.82

%Chg

Stocks at 52 Weeks high

ASTRAL INFOTECENT MASTEK NAHARSPRING VMART 267.00 240.40 171.40 93.20 210.10
Prev. Close

8.65 15.30 6.85 0.20 0.90

Change

+3.35 +6.80 +4.16 +0.22 +0.43

%Chg

Stocks at 52 Weeks Low

Symbol

MYSOREBANK PLETHICO

431.50 52.10
CMP

3.50 2.70
Change

-0.80 -4.93
% Chg

Indian Indices
Company NIFTY SENSEX

6,045.85 20,415.51

-43.20 -132.11

-0.71 -0.64

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DAILY REPORT
18th OCTOBER. 2013

EQUITY CASH & FUTURE

STOCK RECOMMENDATIONS [FUTURE] 1. JP ASSOCIATES

STOCK RECOMMENDATION [CASH]

JP ASSOCIATES FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it trades above 45 with volumes. We advise buying above 45 levels with strict stop loss of 43 for the targets of 46-48 levels.

1. JINDWORLD LTD JINDWORLD LTD is looking strong on charts . We advice buying above 80 with strict stop loss of 77 for the targets of 83-85-88 levels.

2. BHARTI AIRTEL BHARTI AIRTEL FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it continues to sustain above 350. We advise buying above 350 levels with strict stop loss of 345 for the targets of 354 -358 levels. YOUR MINTVISORY

MACRO NEWS Axis Bank's net profit surged 21.2 percent year-onyear to Rs 1,362.3 crore in September quarter. Net interest income (NII) rose 26.2 percent to Rs 2,937 crore during July-September quarter from Rs 2,327 crore in a year ago period, which was ahead of forecast. HCL Technologies September quarter numbers testified to the improved business environment for the sector, with net profit and operating margins exceeding the estimates. Consolidated quarterly net profit stood at Rs 1416 crore, up 14 percent sequentially and up 31.2 percent year-on-year. Consolidated revenues grew 14 percent quarter-on-quarter to Rs 7,961 crore. The Reserve Bank today said the reserve money for the week ended October 11 stood at Rs 15.65 trillion (lakh crore), posting a year-on-year growth of 10%. Dumping Financial Technologies could cost MCX-SX Rs 6200 crore in compensation. Results Today: L&T, Petronet LNG, Info Edge India, VST Industries, Akzo Nobel India, Crisil.

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DAILY REPORT
18th OCTOBER. 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 6,000 5,900 2,100 1,050 3,200 880 Strike Price 6,200 6,100 6,300 11,000 1,700 900 1,100 2,200 3,400 LTP Traded Volume (Contracts) 3,42,284 3,01,489 2,69,613 25,862 8,377 8,216 4,808 3,807 Traded Volume (Contracts) 3,95,358 3,10,870 2,63,061 19,066 5,343 6,898 10,136 8,064 9,207 Open Interest 58,37,500 31,26,750 48,47,950 3,02,475 3,25,000 5,70,250 4,56,250 2,09,750 Open Interest 51,88,200 39,17,450 46,88,350 2,62,625 5,16,500 10,76,000 6,43,000 5,36,750 9,73,000

NIFTY NIFTY NIFTY BANK NIFTY TCS AXISBANK INFY RELIANCE Symbol

64.40 37.40 38.00 19.00 27.55 14.90 LTP

6,100 106.00 10,000 119.35

STOCKS IN NEWS JSPL to acquire majority stake in Gujarat NRE Coking Coal. NMDC's iron ore production up by 5.31% in H1 of FY14. Vedanta seeks fresh blessing for $3.5 bn India buyout offers. Steel consumption grows 0.8% in Apr-Sep. period. Zydus joins hands with Pieris for drug development. TCS plans to hire 5,000 employees more than initial target NIFTY FUTURE

MOST ACTIVE CALL OPTION

NIFTY NIFTY NIFTY BANKNIFTY SBIN RELIANCE AXISBANK TCS INFY

32.65 70.20 13.05 50.60 22.55 9.55 37.00 12.50 19.50

Nifty Future closed in the red in the last trading session. We advise selling around 6100-6125 with strict stop loss of 6150 for the targets of 6050-6020 levels.

FII DERIVATIVES STATISTICS

BUY SELL OPEN INTEREST AT THE END OF THE DAY Amount in Crores 15058.93 59934.44 27463.69 2765.12 TOTAL NET AMOUNT 155.44 -1451.22 -268.22 -27.45 -1591.45 No. of Amount in No. of Amount in No. of Contracts Crores Contracts Crores Contracts INDEX FUTURES INDEX OPTIONS STOCK FUTURES STOCK OPTIONS 61166 487196 65119 45512 1836.35 14525.89 1830.70 1464.65 56111 537237 72541 46334 1680.91 15977.11 2098.92 1492.10 504602 1991867 983845 90485

INDICES
NIFTY NIFTYJUNIOR BANKNIFTY YOUR MINTVISORY

S2
5984.85 11572.18 10200.51

S1
6015.35 11630.06 10268.53

PIVOT
6063.05 11721.98 10342.36

R1
6093.55 11779.86 10410.37

R2
6141.25 11871.78 10484.2

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DAILY REPORT
18th OCTOBER. 2013

COMMODITY MCX
COMMODITY ROUNDUP India copper futures was seen trading negative on Thursday amid weak international cues. MCX copper futures for Nov. delivery was seen trading with a loss of 1.22% at Rs.448.10 per kilogram as of 15.25 IST on Thursday. Earlier, in the global market, copper futures recorded an up-tick and jumped a two week high after US law makers passed an accord on the US debt. Copper for delivery in three months on the London Metal Exchange rose by 0.6% to $7,300 per ton, the highest since October 3 this morning. Copper inventories at LME accredited ware houses fell for 30th straight days to 502,750 tons on Wednesday, the lowest since March 7. Comex Copper futures on electronic trading for December delivery was seen trading with a loss of 1.14% at $3.27 per troy ounce as of 15.56 IST on Thursday. A positive data from the United Kingdom failed to lift the commodity prices in the global market to certain extent. WTI crude oil crude oil for November delivery on NYMEX was seen trading with a loss of 63 cents at $101.66 per barrel as of 14.49 IST on Thursday. Crude oil futures for October delivery on MCX was seen trading with a loss of 1.28% at Rs.6246 per barrel as of 14.42 IST on Thursday. Erasing initial losses, silver prices recovered by 1.60% to Rs 49,434 per kg in futures trading yesterday as speculators creating fresh positions, driven by a firm global trend. At the MCX silver for delivery in March shot up by Rs 780, or 1.60%, to Rs 49,434 per kg in business turnover of 14,519 lots. Silver for delivery in December traded higher by Rs 653, or 1.38%, to Rs 48,025 per kg in 166 lots. Meanwhile, silver advanced 3.6% to $22.17 an ounce in London. Lead prices slide by 0.68% to Rs 131.70 per kg in futures trading yesterday after participants reduced their positions, driven by sluggish demand from battery makers in the spot market. At the MCX lead for delivery in October declined by 90 paise, or 0.68%, to Rs 131.70 per kg in business turnover of 1,400 lots. Gold at the MCX for delivery in December month recovered by Rs 453, or 1.56%, to Rs 29,401 per ten gram in business turnover of 11,722 lots. the yellow metal for delivery in far-month February moved up by Rs 433, or 1.51%, to Rs 29,101 per ten gram in 260 lots. Gold jumped 0.8% to 1,292.44 dollar an ounce in London.

RECOMMENDATIONS SILVER

TRADING STRATEGY: BUY SILVER ABOVE 48350 TGTS 48650/48950 SL 47950 SELL SILVER BELOW 47650 TGTS 47350, 47050 SL 48050 GOLD

TRADING STRATEGY: BUY GOLD ABOVE 29680 TGTS 29780/29900 SL 29550 SELL GOLD BELOW 29300 TGTS 29200, 29100 SL 29420

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DAILY REPORT
18th OCTOBER. 2013

NCDEX
NCDEX INDICES Index Value % Change

RECOMMENDATIONS CASTORSEED

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

1209 3730 3044 6038 6470 1508 12660 3560 715.5 4560

-1.10 +0.57 -0.26 +1.27 -2.10 +1.14 -0.31 -0.20 +1.02 +1.74

BUY CASTORSEED NOV ABOVE 3790 TG 3820, 3850 SL 3750 SELL CASTORSEED NOV BELOW 3720 TG 3690, 3660 SL 3760 DHANIYA

NCDEX ROUNDUP The govt. yesterday raised minimum support price (MSP) for wheat by Rs 50 to Rs 1,400 per quintal to encourage farmers to cover more area under the crop in the ongoing rabi season. The agriculture ministry had proposed an increase of Rs 100 per quintal to Rs 1,450 per quintal in wheat MSP for the 2014-15 marketing year (April-March). Sugar prices softened by 0.10% to Rs 2,890 per quintal in futures trade yesterday owing to adequate supplies from producing regions. However, festive demand in the spot market restricted the sweetener losses. At the NCDEX, sugar for delivery in November month softened by Rs 3, or 0.10%, to Rs 2,890 per quintal with an open interest of 29,500 lots. The sweetener for delivery in December traded marginally lower by Re 1, or 0.03%, to Rs 2,883 per quintal in 9,940 lots. Chana prices rose by Rs 16 to Rs 3,147 per quintal in futures market yesterday as speculators enlarged their positions, driven by strong demand in the spot market. At the NCDEX chana for delivery in November rose by Rs 16, or 0.51%, to Rs 3,147 per quintal with an open interest of 1,07,960 lots. Refined soya oil prices gained 1.12% to Rs 708.45 per 10 kg in futures trade yesterday as speculators enlarged positions, supported by pick up in demand in the spot market against tight supplies. At the NCDEX refined soya oil for delivery in Nov rose by Rs 7.85, or 1.12%, to Rs 708.45 per 10 kg in business turnover of 10,5930 lots.

BUY DHANIYA NOV ABOVE 6830 TG 6860, 6890 SL 6790 SELL DHANIYA NOV BELOW 6650TG 6620, 6590 SL 6690

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DAILY REPORT
18th OCTOBER. 2013

CURRENCY

RBI Reference Rate

Currency Rate Currency Rate

Rupee- $ Euro USD/INR

61.5810 Yen-100 83.4935 GBP CURRENCY ROUNDUP

62,5100 98,5111

The dollar index measuring its value against a basket of currencies slipped 0.6 per cent to 80.30 having earlier set a one-month high on the initial relief that a full-blown crisis had been averted. The Indian rupee rose on Thursday, snapping two days of falls, tracking gains in riskier emerging market assets after the U.S. Congress struck a deal to avert a debt default, although falling domestic shares capped further gains. The partially convertible rupee closed at 61.23/24 per dollar compared with 61.8350/8450 on Tuesday. The unit moved in a range of 61.20 to 61.73 during the sesUSD/INR has closed @61.4000. If it breaks the level of 61.30, it can touch the level of 61.14 & 60.92. If it sustains above the level of 62.30 it can touch the level of 62.59 & 62.89. GBP/INR

sion. The deal failed to buoy the dollar, which fell against a basket of currencies as investors worried about the economic impact from the more than two-week U.S. government shutdown. Gains in other Asian currencies also supported sentiment for the rupee In the currency futures market, the most-traded near-month dollar/rupee contracts on the National Stock Exchange, the MCX-SX and the United Stock Exchange all closed at around 61.36 with total traded volume at $2.05 billion. The dollar's broad losses saw the euro rise 0.2% to $1.35570 and underpinned higher-yielding and growth linked currencies including the Australian and New Zealand dollars near recent highs. The Australian dollar was trading at $0.9550, not far from a four-month high of

GBP/INR has closed @98.6850. It breaks the level of 98.25, it can touch the level of 98.05 & 97.71. If it sustains above the level of 99.25 it can touch the level of 99.62 & 100.07.

$0.9574 struck on Wednesday. With the Fed likely to keep pumping in dollars at $85 billion a month, carry trades.
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DAILY REPORT
18th OCTOBER. 2013

CALL REPORT
PERFORMANCE UPDATES

Date

Commodity/ Currency Pairs

Contract

Strategy

Entry Level

Target

Stop Loss

Remark

17/10/13 17/10/13 17/10/13 17/10/13 17/10/13 17/10/13 17/10/13 17/10/13 17/10/13 17/10/13 17/10/13 17/10/13

MCX GOLD MCX GOLD MCX SILVER MCX SILVER NCDEX CASTOR SEED NCDEX CASTOR SEED NCDEX DHANIYA NCDEX DHANIYA USD/INR GBP/INR USD/INR GBP/INR

OCT. DEC. OCT. DEC. NOV. NOV. NOV. NOV. OCT. OCT. OCT. OCT.
CASH/ FUTURE/ OPTION

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

29110 28720 47600 47150 3680 3885 6880 6620 61.30 98.10 62.15 99.05

29210-29310 28620-28520 47900-48200 46850-46550 3650-3620 3915-3945 6910-6940 6590-6560 61.14-60.98 97.70-97.32 62.40-62.59 99.33-99.62

28980 28850 47200 47550 3720 3845 6840 6660

BOOKED FULL PROFIT NOT EXECUTED BOOKED FULL PROFIT BOKED PROFIT NOT EXECUTED NOT EXECUTED NOT EXECUTED NOT EXECUTED NOT EXECUTED NOT EXECUTED NOT EXECUTED SL TRIGGERED

Date

Scrip

Strategy

Entry Level

Target

Stop Loss

Remark

17/10/13 17/10/13 17/10/13 17/10/13

NIFTY JP ASSOCIAT TCS COMPUAGE INFO

FUTURE FUTURE FUTURE CASH

BUY BUY BUY BUY

6100-6125 42-42.50 2260 59

6150-6180 43.80-44.50 2360-2400 62-65

6080 41 2200 55

SL TRIGGERED BOOKED FULL PROFIT NOT EXECUTED SL TRIGGERED

US ECONOMIC REPORT FRIDAY, OCT. 18

10 am

Philly Fed

Oct. Disclaimer

13.0

22.3

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