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DAILY REPORT

4th SEPT. 2013

Global markets at a glance Asian stocks fell, snapping the longest rally in three weeks, and emerging-market currencies weakened on concern the U.S. is moving closer to striking Syria. The Nikkei and Hong Kongs Hang Seng Index are trading with a downward move by 0.76% & 1.02% respectively. World stock markets rose on Tuesday but ended well off session highs as U.S. congressional leaders voiced support for military intervention in Syria, while bond yields rose and the dollar gained on strong U.S. manufacturing data. Wall Street Update The U.S. manufacturing sector expanded at its quickest pace in more than two years, as domestic demand remained brisk and trading partners around the globe saw their economies improve. The U.S. manufacturing sector expanded at its quickest pace in more than two years, as domestic demand remained brisk and trading partners around the globe saw their economies improve. Previous day Roundup The market was profusely bleeding as the Sensex crashed 681 points, or 3.60 percent at 18205.31. The Nifty loses 216.85 points or 3.91 percent at 5333.90. About 749 shares have advanced, 1410 shares declined, and 134 shares are unchanged.

World Indices
Index DJl S&P 500 NASDAQ EURO STO FTSE 100 Nikkei 225 Hong Kong Value 14,833.96 1,639.77 3,612.61 2,753.35 6,468.41 13,871.92 22,166.27 % Change +0.16 +0.42 +0.63 -0.75 -0.58 -0.76 -1.02

Top Gainers
Company CMP Change % Chg

LUPIN COALINDIA CAIRN

841.10 261.00 322.80


CMP

21.25 2.95 2.90


Change

2.59 1.14 0.91


% Chg

Top Losers
Company

AXISBANK INDUSINDBK DLF PNB RELINFRA

772.25 348.00 126.85 407.80 326.40


Prev. Close

92.05 33.05 9.80 30.95 25.00


Change

-10.65 -8.67 -7.17 -7.05 -7.11


%Chg

Stocks at 52 Weeks high


Symbol

AVANTI CMAHENDRA FOURSOFT GALLISPAT

224.00 178.30 32.25 111.50

8.70 -1.60 1.50 6.00

4.04 -0.89 +4.88 5.59

Stocks at 52 Weeks Low


Index stats Bank Nifty & Bankex both lost 5.20% & 5.06% respectively, while all the sectors also resulted downside closing in yesterdays session; Consumer Durables [down 263.31pts], Oil & Gas [down 303.48 pts] , PSU [down 78.23pts]. Metals [up 222.32pts], Capital Goods [down 259.28pts], FMCG [down 254.37 pts], TECK [down 89.44 pts], Healthcare [down 197.50pts], IT [down 113.27pts].
Symbol Prev. Close Change %Chg

ADANIENT AXISBANK CORPBANK CUB

134.75 772.25 243.40 39.15


CMP

-0.20 -92.05 -8.35 -0.70


Change

-2.45 -10.65 -3.32 -1.76


% Chg

Top Losers
Company

NIFTY SENSEX

5,341.45 18,234.66

-209.30 -651.47

-3.77 -3.45

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DAILY REPORT
4th SEPT. 2013

EQUITY CASH & FUTURE

STOCK RECOMMENDATIONS [FUTURE] 1. DLF

STOCK RECOMMENDATION [CASH] 1. YES BANK

DLF is looking weak on charts, short build up has been seen, we may see more downside in this stock if it continues to sustain below 127 levels. We advise selling below 127 levels with strict stop loss of 132 for the targets of 124-120 levels. 2. SBI

YES BANK is looking weak on charts. We advise selling around 230-235 with strict stop loss of 245 for the targets of 220-200 levels.

MACRO NEWS The government has approved 17 foreign direct investment (FDI) proposals totaling Rs 992.61 crore, while recommending the Rs 2,058 crore Jet-Etihad deal for final clearance to the Cabinet. India's economy is likely to grow at around 5.5 percent this fiscal on account of strong farm output. Goldman Sachs joins the downgrading bandwagon, sharply cutting India's GDP forecast to 4 percent from 6 percent for FY14 and to 5.4 percent from 6.8 percent for FY15.

CORPORATE ACTION TODAY


SCRIP ACTION Rs. Per Share

SBI is looking weak on charts, short build up has been seen, we may see more downside in this stock if it continues to sustain below 1450 levels. We advise selling below 1450 with strict stop loss of 1500 for the targets of 1420-1350 .

KOTHARIPRO JINDRILL MAHSEAMLES KRITIIND SJVN REPCOHOME OCL

DIVIDEND DIVIDEND DIVIDEND DIVIDEND DIVIDEND DIVIDEND DIVIDEND

20 0.5 6 0.15 0.96 1.1 1.5

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DAILY REPORT
4th 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) 3,43,386 3,09,069 2,73,585 10,618 3,675 2,755 2,609 2,579 Traded Volume (Contracts) 3,62,117 3,54,015 2,94,717 14,066 5,861 5,627 4,903 4,241 2,549 Open Interest 69,39,150 45,53,050 39,50,450 1,68,950 1,82,750 2,81,000 2,58,375 2,76,250 Open Interest 36,96,550 39,07,250 39,93,600 2,28,275 3,92,625 70,32,000, 4,14,250 5,51,500 1,08,000

NIFTY NIFTY NIFTY BANKNIFTY SBIN RELIANCE RELIANCE AXISBANK Symbol

5,300 159.05 5,200 124.20 5,400 201.20 8,500 327.00 1,500 800 860 800 Strike Price 5,600 5,700 5,500 10,000 1,600 40 900 900 2,400 95.00 19.95 47.20 70.00 LTP

STOCKS IN NEWS SBI raises stake in Indonesian subsidiary to 99%. Coal India's subsidiary plans to auction two blocks for underground coal gasification. Airtel, Vodafone & Aircel may soon have to pay market price for airwaves they hold in Tamil Nadu circle & surrender a portion of total holding. Morgan Stanley downgrades TVS Motor. NIFTY FUTURE

MOST ACTIVE CALL OPTION

NIFTY NIFTY NIFTY BANKNIFTY SBIN JPASSOCIAT RELIANCE AXISBANK MCDOWELL-N

54.00 31.00 87.00 37.00 27.00 1.35 10.25 17.75 61.05

Nifty Future as expected closed in the red in the last trading session. We advice selling on rise around 53505370 with strict stop loss of 5400 for the targets of 5325-5300 levels.

FII DERIVATIVES STATISTICS


BUY SELL OPEN INTEREST AT THE END OF THE DAY

No. of Amount in No. of Amount in No. of Contracts Crores Contracts Crores Contracts INDEX FUTURES INDEX OPTIONS STOCK FUTURES STOCK OPTIONS 95065 790508 113123 30328 2529.51 20951.09 2855.38 741.48 163573 756308 109949 29586 4380.38 19945.59 2631.22 722.51 419986 1826177 1043390 34600

Amount in Crores 10734.22 48628.51 25831.66 917.60 TOTAL

NET AMOUNT -1850.87 1005.50 224.16 18.97 -602.23

INDICES
NIFTY NIFTYJUNIOR

S2
5158.18 10042.74

S1
5249.81 10187.89

PIVOT
5415.38 10455.79

R1
5507.01 10600.95

R2
5672.58 10868.85

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DAILY REPORT
4th SEPT. 2013

COMMODITY MCX
COMMODITY ROUNDUP Copper prices on India's Multi Commodity Exchange (MCX) recorded an up-tick on Tuesday supported by weak Indian Rupee. The base metal is expected to trade with a positive bias for the day. Positive data releases from western countries may have supported the base metal complex on MCX to certain extent yesterday. MCX copper for November delivery was seen trading up by 1.65% at Rs.504.25 per kilogram as of 17.28 IST on Tuesday. Copper inventories rose 13100 tons to 602850 tons while other base metals witnessed fall in inventory as per latest update from London Metal Exchange (LME). Aluminum witnessed the greatest fall by 3300 tons to 5389175 tons while zinc fell

SILVER

TRADING STRATEGY: BUY SILVER DEC. ABOVE 59600 TGT 59800, 60000 SL 59300. GOLD

2600 tons to 997600 tons.

MCX nickel for September delivery was seen trading up by 1.88% at Rs.942.40 per kilogram as of 17.36 IST on Tuesday. MCX Crude Oil zoomed on news Russia detected missiles in East Mediterranean. MCX lead for September delivery was seen trading up by 1.37% at Rs.148.35 per kilogram as of 17.38 IST on Tuesday. MCX lead is expected to witness selling pressure at higher levels and traders are advised to take benefit from both movements. India silver futures edged up and was seen continuing with its up-tick movement on Tuesday supported by significant depreciation in Indian Rupee (INR) against US Dollar (USD) and promising economic, manufacturing data releases from western countries. US silver edged up on yesterday and was seen trading bullish amid positive data releases from western countries and hopes that US economy may come back to its grow path soon. Anticipation on upcoming industrial demand for silver was seen supporting silver prices on Globex platform of Comex on Tuesday. Silver futures for December delivery on Globex platform of Comex was seen trading 3.09% at $24.225 per troy ounce as of 17.01 IST on Tuesday.

TRADING STRATEGY: BUY GOLD OCT. ABOVE 33400 TGT 33460, 33550 SL 33300

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DAILY REPORT
4th 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 BUY CASTORSEED SEP ABOVE 3850 TG 3875,3920 SL 3800 SELL CASTORSEED SEP BELOW 3780 TG 3750,3750 SL 3630 DHANIYA

3810 3162 5670 5958 1784 14175 3647 712.4 3003 5162

+1.87 -0.88 -1.77 +0.98 +0.34 -0.14 +2.47 +2.53 -0.33 -1.94

India Chana (Chickpea) futures continued its up-tick on Tuesday as a result of fresh buying and significant depreciation in Indian Rupee (INR) against US Dollar (USD). Concerns on pulses crop damage due to recent heavy rains is supporting the commodity prices to certain extent in the domestic market. NCDEX chana for October delivery was seen trading up by 0.49% at Rs.3267 per 100 kgs as of 11.55 IST on Tuesday. India imported worth $2.3 billion pulses in 2012-13, around 28% higher when compared to the $1.85 billion recorded in the previous year. However, imports may drop in 2013-14 on higher pulses production estimates. India plans to subsidize wheat, rice and cereals for some 800 million people under a $20 billion scheme to cut malnutrition and ease poverty. The Food Security Bill, which is expected to be approved by India's president, guarantees

BUY DHANIYA SEP ABOVE 6040 TG 6070,6100 SL 6000 SELL DHANIYA SEP BELOW 5920 TG 5895,5850 SL 5962

citizens a legal right to food.

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DAILY REPORT
4th SEPT. 2013

CURRENCY

RBI Reference Rate


Currency Rate Currency Rate

Rupee- $ Euro JPY/INR

65.8608 Yen-100 87.0575 GBP CURRENCY ROUNDUP

66.8400 102.5189

There was complete chaos in market in the last hour of trade on Tuesday with the equity benchmarks falling 4 percent on downgrade fears, rupee depreciation and Syria tensions. Indian rupee breached the 68-mark intraday yesterday, but it managed to recover a bit from day's low in late trade. It was down 163 paise to close at 67.63 against the US dollar. The Indian rupee slid closer to a record low on persistent JPY/INR has closed @69.0225. If it sustains above the level of 69.30, it can touch the level of 69.88 and 70.75. If it breaks below the level of 67.10, it can touch the level of 66.64 and 66.10. EUR/INR doubt over the authorities' ability to restore investor confidence in the economy. INR was seen touching 68.23 against USD, a depreciation of 3.37% as of 17.14 IST on Tuesday. Rupee weakened to 66.8275 plunging 8.1% last month while US dollar index reach 1.036.50, the highest level since July 18. Goldman Sachs has lowered India's growth forecast for the current financial year to 4 per cent from 6 per cent earlier and is expecting the rupee to touch 72 against the US dollar in next 6 months. Asia Dollar Index, touched 113.58 last week, a level unseen since September 2010. U.S. Dollar Index, reached 1,036.50, the highest since July 18. Japan's monetary base expanded the most in 40 years. Euro area's GDP expanded 0.3 % in the April-June period, ending the longest recession. China's PMI rose to a 16-month high. China services PMI fell to 53.9 last month from 54.1 in July. U.S. factory EUR/INR has closed @90.3325. If it sustains above the level of 90.75, it can touch the level of 91.07 and 92.14. If it breaks the level of 88.00, it can touch the level of 87.30 and 86.70. index is estimated at 54 in August, compared with a 2-year high of 55.4 in July.

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DAILY REPORT
4th SEPT. 2013

CALL REPORT
PERFORMANCE UPDATES

Date
03/09/13 03/09/13 03/09/13 03/09/13 03/09/13 03/09/13 03/09/13 03/09/13 03/09/13

Commodity/ Currency Pairs


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

Contract
OCT. OCT. SEP. SEP SEP SEP SEP SEP SEP

Strategy Entry Level


BUY SELL BUY BUY SELL BUY SELL BUY BUY 33200 32800 57430 3750 3695 5910 5810 104.00 88.20

Target
33270-33370 32730-32630 57630-57950 3775-3805 3665-3635 5940-5980 5780-5660 104.37-105.39 88.70-89.37

Stop Loss
33100 32900 57130 3700 3745 5870 5780

Remark
BOOKED FULL PROFIT NOT EXECUTED BOOKED FULL PPROFIT BOOKED FULL PROFIT NOT EXECUTED BOOKED FULL PROFIT NOT EXECUTED BOOKED FULL PROFIT BOOKED FULL PROFIT

Date
03/09/13 03/09/13 03/09/13 03/09/13

Scrip
NIFTY RELIANCE RENUKA SUGAR JPASSOCIATE

CASH/FUTURE/ Strategy OPTION


FUTURE FUTURE CASH FUTURE BUY BUY BUY BUY

Entry Level Target


5500-5520 890 18.25 37 5580-5600 915-930 19.50-20.50 38-39

Stop Loss
5470 865 15.50 35.50

Remark
SL TRIGGERED NOT EXECUTED NOT EXECUTED SL TRIGGERED

US ECONOMIC REPORT TIME (ET)


8:30 AM TBA 2 PM

REPORT
TRADE DEFICIT MOTOR VEHICLE SALES BEIGE BOOK

PERIOD
JULY AUG.

ACTUAL
WEDNESDAY, SEPT.4

CONSENSUS FORECAST
-$38.0 bln 15.8 mln

PREVIOUS
-$34.2 bln 15.7 mln

THURSDAY, SEPT. 5 8:15 AM 8:30 AM 8:30 AM 10 AM 10 AM ADP EMPLOYMENT WEEKLY JOBLESS CLAIMS PRODUCTIVITY ISM NONMANUFACTURING FACTORY ORDERS AUG. 8/31 2Q AUG. JULY FRIDAY, SEPT. 6 8:30 AM 8:30 AM NONFARM PAYROLLS UNEMPLOYMENT RATE AUG. AUG. 165,000 7.4% 162,000 7.4% 190,000 N/A 1.2% 55.0% -200,000 N/A 0.9% 56.0% 1.5%

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