DAILY REPORT

26th NOVEMBER. 2013

Global markets at a glance European shares headed towards a five-year high and Germany's DAX set a new record on Monday, with airline stocks and French car makers getting buoyed by the nuclear deal between Iran and world powers. The panEuropean FTSEurofirst 300 was up 0.4 % at 1,302.24 points, while Germany's DAX rose 0.8 % - a record high close. The euro zone's blue-chip Euro STOXX 50 index rose 0.6 % to 3,072.75 points. Asian shares got off to a cautious start. Tokyo's Nikkei share average shed 0.9% after it climbed 1.5%. Wall Street Update The Dow industrials eked out a slim gain on Monday to end at another record high, after the Nasdaq topped 4,000 for the first time in 13 years and then slipped to close below that level. he Nasdaq Composite Index added 2.924 points or 0.07%, to close 3,994.573. Earlier, the Nasdaq touched an intraday high at 4,007.093 - its first moved above 4,000 in 13 years. But the Nasdaq pulled back in late trading. The DJI average rose 7.77 points or 0.05 %, to end at 16,072.54, another nominal record closing high. Earlier, the Dow hit yet another all-time intraday high at 16,109.63. But the S&P 500 dipped 2.28 points or 0.13 %, to finish at 1,802.48. Previous day Roundup India's benchmark index, that is Sensex, was on fire, closing the day with gains of 387.69 points, courtesy US-Iran 'peace deal' on the nuclear issue. The index closed at 20,605.08, up 1.92%. India's NSE index rallied 2 % on Monday as a drop in global crude prices after Iran clinched a nuclear deal with world powers sparked hopes of reduced inflationary pressures and a narrower current account deficit at home. Index stats The Bankex and Bank Nifty both advanced 3.63% & 3.80% respectively. All the sectors advanced; Capital Goods [up 346.48pts], Oil & Gas [up 145.36pts], Realty [up 29.84pts], TECK [up 3.12pts], FMCG [up 133.89 pts], AUTO [up 242.95pts], PSU [up 126.86pts], Consumer Durables [up 39.46pts], Metals [up 95.72pts], Power [up 28.09pts], and Healthcare [up 41.94pts] except that of IT shares which were moved slightly down; IT [down 3.80pts].

World Indices
Index DJl S&P 500 NASDAQ EURO STO FTSE 100 Nikkei 225 Hong Kong Value 16,072.54 1,802.48 3,994.57 3,072.75 6,694.62 15,483.49 23,725.93
CMP Change

% Change +0.05 -0.13 +0.07 +0.55 +0.30 -0.87 +0.18

% Chg

Top Gainers
Company

BHEL ICICBANK BPCL KOTAKBANK SBIN

144.60 1,073.85 347.45 746.70 1,809.90

CMP

7.45 53.30 14.60 30.10 71.95

Change

+5.43 +5.22 +4.39 +4.20 +4.14

% Chg

Top Losers
Company

NTPC INFY HINDALCO LUPIN

149.80 3,331.00 118.20 850

1.05 16.60 0.20 0.85

-0.70 -0.50 -0.17 -0.10

Stocks at 52 Weeks high

Symbol Prev. Close Change %Chg

ABBOTINDIA BATAINDIA DICIND INFOTECENT PERSISTENT

1,519.00 1,053.35 282.60 281.80 889.00

Prev. Close

28.60 2.80 47.10 2.45 17.85

Change

+1.92 +0.27 +20.00 -0.86 +2.05

%Chg

Stocks at 52 Weeks Low

Symbol

EXIDEIND JBFIND

111.20 74.00
CMP

2.35 1.45
Change

-2.07 -1.92
% Chg

Indian Indices
Company NIFTY SENSEX

6,115.35 20,605.08

+119.90 +387.69

+2.00 +1.92

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DAILY REPORT
26th NOVEMBER. 2013

EQUITY CASH & FUTURE

STOCK RECOMMENDATIONS [FUTURE] 1. INDUSIND BANK

STOCK RECOMMENDATION [CASH] 1. ESS DEE ALUMINIUM

INDUSIND BANK FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it continues to sustain above 425, We advise buying above 425 levels with strict stop loss of 415 for the targets of 435-445 levels. 2. LT

ESS DEE ALUMINIUM is looking strong on charts. We advise buying above 535 levels with strict stop loss of 525 for the targets of 545-560levels.

LT FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it continues to sustain above 1000, We advise buying around 1000-1005 levels with strict stop loss of 990 for the targets of 1015-1025 levels.

MACRO NEWS The US-Iran Peace Deal led the Reserve Bank to extend the special forex swap window till December 31. India's coking coal imports could see a double-digit % increase this year as a scarcity of high-quality iron ore after a mining ban is forcing steelmakers to use inferior grades that need more coal to process into steel. RBI to sell Rs 1,000 crore inflation indexed bonds Tomorrow. About USD 25 billion has been received from special concessional swap windows for deposits by nonresident Indians and overseas foreign currency borrowings by banks. An all-party delegation from Maharashtra, along with the representatives of agitating farmers organizations, is scheduled to meet Prime Minister Manmohan Singh Today about various demands of the sugar industry. Despite getting a poor response from the Finance Ministry may push for a 10% divestment in IOC. The Reserve Bank of India will sell 140 billion rupees ($2.23 billion) of bonds on Nov. 29.

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DAILY REPORT
26th NOVEMBER. 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 6,100 5,900 10,500 1,750 2,500 1,100 3,300 Strike Price 6,100 6,200 6,000 11,000 1,800 860 2,600 1,060 3,400 LTP Traded Volume (Contracts) 6,43,112 6,28,212 2,93,448 26,239 13,498 4,612 3,387 3,180 Traded Volume (Contracts) 7,94,863 5,45,824 2,71,773 50,725 17,294 4,272 7,842 4,031 3,417 Open Interest 76,82,500 47,48,650 49,35,950 2,91.900 4,33,750 2,99,250 2,59,250 2,16,625 Open Interest 45,55,000 60,70,650 16,27,300 2,60,875 5,22,625 7,16,250 3,82,625 6,54,750 2,54,250

NIFTY NIFTY NIFTY BANK NIFTY SBIN MCDOWELL-N AXISBANK INFY Symbol

7.60 27.25 2.20 10.75 5.25 26.50 8.40 11.75 LTP

STOCKS IN NEWS ITC sets up store locator to give sales a big push. BSNL, PowerGrid & RailTel to get Rs 2,700 crore for optic fibre rollout Vodafone India chief sees no hurdle for parent company to bid for 100% local stake. Bombay High Court admits Etisalat plea for winding up of JV with DB group. GVK Hancock, Aurizon to jointly develop rail line, coal terminal at Abbot Point. TCS likely to open largest delivery centre in Hyderabad next fiscal. NIFTY FUTURE

MOST ACTIVE CALL OPTION

NIFTY NIFTY NIFTY BANKNIFTY SBIN RELIANCE MCDOWELL-N ICICIBANK INFY

58.00 14.80 136.00 200.50 30.00 5.60 78.05 23.00 7.35

Nifty Future closed in the green in the last trading session. We advise buying around 6060-6080 with strict stop loss of 6020 for the targets of 6125-6150 levels.

FII DERIVATIVES STATISTICS

BUY SELL OPEN INTEREST AT THE END OF THE DAY Amount in Crores 16038.68 56344.89 32135.36 2198.50 TOTAL NET AMOUNT 534.55 880.13 -90.05 -23.72 1300.90 No. of Amount in No. of Amount in No. of Contracts Crores Contracts Crores Contracts INDEX FUTURES INDEX OPTIONS STOCK FUTURES STOCK OPTIONS 140889 659090 364061 50086 4245.20 19856.54 9860.20 1393.88 123324 632554 367019 51336 3710.65 18976.41 9950.25 1417.59 526139 1848389 1179954 79961

INDICES
NIFTY NIFTYJUNIOR BANK NIFTY YOUR MINTVISORY

S2
6004.05 12006.05 10669.96

S1
6059.7 12090.8 10876.68

PIVOT
6091.6 12139.0 10987.31

R1
6147.25 12223.75 11194.03

R2
6179.15 12271.95 11304.66

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DAILY REPORT
26th NOVEMBER. 2013

COMMODITY MCX
COMMODITY ROUNDUP Oil prices hit the skids on Monday after Iran and six world powers sealed a deal curbing its nuclear program, a fillip for global economic growth. Brent crude oil prices fell 2 %. U.S. crude prices added 0.4 % to rise above $94.40 a barrel, recouping some of the previous session's 0.8 % decline following a weekend deal between the West and Tehran to halt Iran's most sensitive nuclear activities in exchange for some relief from crippling sanctions. Brent futures held near $111 a barrel on Tuesday as supply concerns crept back, with investors judging the historic deal between Iran and world powers would not result in an immediate increase in shipments from the OPEC member. U.S. Treasury debt prices inched higher on Monday after housing data proved weaker than expected, with a light economic slate for coming sessions because of the holidayshortened week.

RECOMMENDATIONS SILVER

TRADING STRATEGY: BUY SILVER ABOVE 45500 TGTS 45700/46000 SL 45150 SELL SILVER BELOW 44800 TGTS 44600/44300 SL 45150 GOLD

US Copper futures rose to $3.26 per pound while LME Copper rose to $7099 per ton. China copper market remains buoyant due to a combination of scrap shortage and stock building. Weakness in crude oil prices pushed up copper prices from lows and the fact that the commodity is in extremely oversold position helped spur some buying activity this week. Drop in crude oil prices could spur growth and hence seen positive for metals demand. India gold futures edged down on Monday tracking bearish international cues, positive Asian equities, and firm Dollar. Continuing outflows from exchange-traded funds and concerns that US central bank may start withdrawing its monetary stimulus soon were seen putting pressure on the yellow metal prices in the global futures markets. MCX gold for December delivery was seen trading with a loss of 0.43% at Rs.29712 per 10 grams as of 15.27 IST on Monday. Appreciation of Indian Rupee (INR) was seen pressuring the commodity movement to certain extent in the domestic market. Meanwhile, Comex gold futures on Monday declined below $1230 per troy ounce on concerns that US Central Bank may start withdrawing its monetary stimulus later this year on improving economic conditions in the United States.

TRADING STRATEGY: BUY GOLD ABOVE 30500 TGTS 30600/30750 SL 30350 SELL GOLD BELOW 30150 TGTS 30050/29950 SL 30330

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DAILY REPORT
26th NOVEMBER. 2013

NCDEX

RECOMMENDATIONS CASTORSEED

NCDEX INDICES Index Value % Change

Barley Castor Seed Chana Chilli Coriander Cotton Seed Oilcake Jeera Mustard seed Ref Soya Oil Turmeric NCDEX ROUNDUP SELL CASTORSEED JAN BELOW 4280 TG 4250,4210 SL 4320 BUY CASTORSEED JAN ABOVE 4390 TG 4420,4460 SL 4350 DHANIYA

1376 4308 3098 7358 7374 1414 12630 3791 726.45 5240

-0.69 -0.99 -0.26 +0.68 +2.82 +0.28 -1.48 -1.33 -0.83 +0.27

UP millers, govt meet today to end cane pricing impasse. Fruit and vegetable farmers will have a platform to sell their produce at prices higher than current ones. And, for quality produce, they may even get a premium. This will be made possible by a joint initiative of the Small Agribusiness Farmers Consortium (SFAC) and the NCDEX Spot Exchange. Soybean prices slumped by Rs 128 to Rs 3,862 per quintal in future trading yesterday as investors booked profits after recent upsurge. Traders booked profits on weak overseas markets cues which pulled down soybean prices in futures trade. At the National Commodity and Derivative Exchange, soybean for March contract dropped by Rs 128, or 3.21%, to Rs 3,862 per quintal with an open interest of 9,650 lots. Most active near January contract slipped by Rs 105.50, or 2.68%, to Rs 3,829.50 per quintal having an open interest of 1,18,200 lots. January contract also slid by Rs 86.50, or 2.20% to Rs 3,839 per quintal, clocking an open interest of 1,12,930 lots. Call us at +91-731-6642300

SELL DHANIYA DEC BELOW 7290 TG 7260,7220 SL 7330 BUY DHANIYA DEC BELOW 7365 TG 7395,7435 SL 7325

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DAILY REPORT
26th NOVEMBER. 2013

CURRENCY

RBI Reference Rate

Currency Rate Currency Rate

Rupee- $ Euro JPY/INR

62.5770 Yen-100 84.7000 GBP

61.4300 101.4248

CURRENCY ROUNDUP The yen came off a six-month low against the dollar and a four-year trough versus the euro. The euro recoiled from a four-year high against the yen on Tuesday and retreated on the dollar as dovish comments from European Central bank officials deflated the high-flying currency. The dollar advanced against most major currencies on Monday after Iran agreed to halt its nuclear ambitions in a multilateral accord, which sparked relief buying for the U.S. currency as well as risk-on asset classes elsewhere. In U.S. trading on Monday, EUR/USD was down 0.28% at 1.3518. The partially convertible rupee closed at 62.50/51 per dollar compared to 62.87/88 on Friday. The unit moved in a 62.44 to 62.70 range during the session. The Indian rupee rose for a second consecutive session on Monday, boosted by dollar selling by corporate and custodian banks, although monthend dollar demand from oil firms could limit a sharp rally in coming days. Gains in the rupee tracked a rally in Indian shares as a drop in global crude prices after Iran clinched a nuclear deal with world powers sparked hopes of reduced inflationary pressures and a narrower CAD at home. The rally in shares comes as a bit of a reprieve for currency markets as well after worries foreign institutional investors were curbing their buying of stocks. FIIs were sellers of Indian stock futures for a fourth consecutive day on Friday, totaling 10.2 billion rupees ($163 million), as per regulatory and exchange data, while they sold cash shares on Thursday, snapping a 32-day buying streak. They were buyers of $2.65 million on Friday. J.P.Morgan estimated that state-run oil companies were sourcing 60 percent of their dollar demand since Oct. 18 in markets, and not from a special window provided by the central bank. In the offshore nondeliverable forwards, the one-month contract was at 62.93 while the three-month was at 64.02.

SELL JPY/INR BELOW 61.30 TGTS 61.15, 61.00 SL 61.95. BUY JPY/INR ABOVE 62.30 TGTS 62.48, 62.69 SL 61.65. USD/INR

SELL USD/INR BELOW 62.28 TGTS 62.16, 61.96 SL 62.95. BUY USD/INR ABOVE 63.20 TGTS 63.37, 63.58 SL 62.60.

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DAILY REPORT
26th NOVEMBER. 2013

CALL REPORT
PERFORMANCE UPDATES

Date
25/11/13 25/11/13 25/11/13 25/11/13 25/11/13 25/11/13 25/11/13 25/11/13 25/11/13 25/11/13 25/11/13

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

Contract
DEC. DEC DEC JAN. JAN. DEC. DEC. NOV. NOV. NOV. NOV.

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

Entry Level
29700 45100 44200 4330 4380 7170 7110 84.70 85.21 101.58 102.15

Target
29600-29500 45300-45500 44000-43700 4205-4265 4405-4445 7200-7240 7180-7130 84.55-84.28 85.35-85.50 101.28-101.04 102.30-102.45

Stop Loss
29800 44800 44500 4375 4330 7120 7160 85.20 84.78 102.10 101.62

Remark
BOOKED PROFIT NOT EXECUTED BOOKED PROFIT BOOKED PROFIT NOT EXECUTED BOOKED FULLPROFIT NOT EXCUTED BOOKED FULL PROFIT NOT EXECUTED BOOOKED FULL PROFIT NOT EXECUTED

Date
25/11/13 25/11/13 25/11/13 25/11/13

Scrip
NIFTY HDIL MCDOWELL CMAHENDRA

CASH/ FUTURE/ OP- Strategy TION

FUTURE FUTURE FUTURE CASH SELL SELL BUY BUY

Entry Level
6050-6060 45-46 2550 232

Target
6000-5950 43-42 2590-2625 242-252

Stop Loss
6080 48 2500 222

Remark
SL TRIGGERED SL TRIGGERED BOOOKED FULL PROFIT NOT EXECUTED

US ECONOMIC REPORT
TIME (ET)
8:30 AM 8:30 AM 9 AM 9 AM 10 AM 8:30 AM 8:30 AM 9:45 AM 10 AM 10 AM

REPORT
HOUSING STARTS BUILDING PERMITS CASE-SHILLER HOME PRICE INDEX FHFA HOME PRICE INDEX CONSUMER CONFIDENCE WEEKLY JOBLESS CLAIMS DURABLE GOODS ORDERS CHICAGO PMI UMICH CONSUMER SENTIMENT INDEX LEADING ECONOMIC INDICATORS THANKSGIVING DAY NONE SCHEDULED

PERIOD
OCT. OCT. SEPT. SEPT. NOV.

ACTUAL

CONSENSUSFORECAST
925,000 930,000 --72.0 N/A -1.8% 63.0 73.0 --

PREVIOUS
891,000 926,000 12.8% YOY 8.5% yoy 71.2 N/A 3.8% 65.9 72.0 0.7%

TUESDAY, NOV. 26

WEDNESDAY, NOV. 27
11/23 OCT. NOV. NOV. OCT.

THURSDAY, NOV. 28 FRIDAY, NOV. 29

NONE SCHEDULED

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