DAILY REPORT

19th DECEMBER. 2013

Global markets at a glance Asian share markets rallied on Thursday as a Federal Reserve commitment to low rates offset a long-dreaded decision to taper stimulus, he Nikkei .N225which climbed 1.7 percent to threaten its peak for this year. Stocks in Sydney .AXJO and Seoul .KS11 both gained 0.8 percent while MSCI's broadest index of Asia-Pacific shares outside Japan The Dow Jones industrial average surged 292.71 points or 1.84 percent, to end at 16,167.97, a record closing high. The S&P 500 gained 29.65 points or 1.66 percent, to finish at 1,810.65, also a record closing high. The Nasdaq Composite climbed 46.38 points or 1.15 percent, to close at 4,070.06. European markets had rallied earlier. European shares advanced on Wednesday, more than recouping the previous session's losses The FTSEurofirst 300 closed up 0.9 percent at 1,259.06 points, albeit in light volume, Wall Street Update U.S. stocks staged an explosive rally on Wednesday, driving the Dow and the S&P 500 to all-time closing highs after the Federal Reserve announced it would start to unwind its historic stimulus. extended losses just after the announcement, but quickly turned higher and began rallying. The day's move marked the biggest swing from the day's high to the low for the S&P 500 in two years. All 10 S&P 500 sector indexes ended higher, Previous day Roundup Indian shares rose more than 1%on Wednesday to snap their six-day losing streak. The benchmark BSE index rose 1.2 percent, or 247.72 points, to end at 20,859.86, marking its highest close in nearly a week. The broader NSE index gained 1.27 percent, or 78.10 points, to end at 6,217.15, closing above the psychologically important 6,200 level. Index stats The Bankex and Bank Nifty both advanced 1.40% & 1.33% respectively. Among the sartorial indices all the sectors were up; Capital Goods [up 259.47pts], FMCG [up 25.49pts], PSU [up 105.74pts], Consumer Durables [up 77.43pts], Metals [up 63.70pts], TECK [up 22.00pts], IT [up 42.41pts], and Healthcare [up 111.52pts], Oil & Gas [up 180.00pts], AUTO [up 206.47pts], Realty [up 46.84pts], Power [up 33.89pts].

World Indices
Index DJl S&P 500 NASDAQ EURO STO FTSE 100 Nikkei 225 Hong Kong Value 16,167.97 1,810.65 4,070.06 2,975.09 6,492.08 15,819.49 23,306.40
CMP Change

% Change +1.84 +1.66 +1.15 +1.13 +0.09 +1.49 +0.70

% Chg

Top Gainers
Company

BHEL DLF PNB INDUSINDBK BAJAJ-AUTO

164.10 160.55 592.60 432.25 1,939.20

CMP

9.75 8.55 26.80 17.80 76.10

Change

+6.32 +5.63 +4.74 +4.29 +4.08

% Chg

Top Losers
Company

JINDALSTEL SSLT ULTRACEMCO --

249.80 201.80 1,749.20

2.20 1.15 4.65

-0.87 -0.57 -0.27

Stocks at 52 Weeks high

Symbol Prev. Close Change %Chg

AMARAJABAT AUROPHARMA BIOCON DIVISLAB HCLTECH

361.50 374.25 439.65 1,186.05 1,195.80

3.75 19.65 47.35 31.90 25.45

+1.05 +5.54 12.07 +2.76 +2.17

Stocks at 52 Weeks Low

Symbol Prev. Close Change %Chg

ESSARPORTS MYSOREBANK

56.00 413.5
CMP

+0.20 0.25
Change

+0.36 -0.06
% Chg

Indian Indices
Company NIFTY SENSEX

6,217.15 20,859.86

+78.10 +247

+1.27 +1.20

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DAILY REPORT
19th DECEMBER. 2013

EQUITY CASH & FUTURE

STOCK RECOMMENDATIONS [FUTURE] 1. AMBUJA CEMENT

STOCK RECOMMENDATION [CASH] 1. ORCHID CHEM

AMBUJA CEMENT FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it continues to sustain above 181. We advise buying above 181 levels with strict stop loss 179 for the targets of 183-185 levels. 2. DLF

ORCHID CHEM is looking strong on charts. We advise buying above 62 levels with strict stop loss of 59 for the targets of 65-67 levels.

DLF FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it continues to sustain above 160. We advise buying around 160-161 levels with strict stop loss 158 for the targets of 163-165 levels.

MACRO NEWS Reserve Bank of India left repo rate unchanged at 7.75 percent and CRR at 4 percent of net demand and time liability (NDTL), saying it was willing to wait for more inflation data before taking an action. Fed tapers purchases by $10 bln a month, keeps rates low. The central bank said it would reduce its monthly asset purchases by $10 billion to $75 billion, while it also indicated that its key interest rate would stay at rock bottom even longer than previously promised. Fed Chairman Ben Bernanke began hinting at a reduction in the stimulus back in May. After months of agonizing, investors took the Fed's decision to trim its bond buying by $10 billion to $75 billion a month as a modest step and one the U.S. economy could well withstand. Government may allow telecom companies to share 2G spectrum with riders. Telecom sector to use 75 pct R&D fund for product development. India, Japan raise currency swap arrangement limit to $50 bn. Call us at +91-731-6642300

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DAILY REPORT
19th DECEMBER. 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 6,200 6,100 6,000 11,000 1,700 95 1,100 150 Strike Price 6,300 6,200 6,400 11,500 1,800 100 860 160 1,100 LTP Traded Volume (Contracts) 4,54,528 4,40,080 2,76,086 51,390 11,706 5,886 3,528 2,961 Traded Volume (Contracts) 6,00,030 5,00,766 3,82,214 60,144 15,395 8,377 4,698 4,695 3,752 Open Interest 50,95,850 58,39,000 57,38,100 4,33,600 3,29,750 69,98,000 3,43,000 16,32,000 Open Interest 71.50,750 39,63,350 57,00,900 3,36,825 5,50,500 52,84,000 3,99,500 19,56,000 3,44,250

NIFTY NIFTY NIFTY BANK NIFTY SBIN POWERGRID ICICIBANK DLF Symbol

41.15 18.35 7.75 65.00 13.20 0.35 24.95 1.30 LTP

STOCKS IN NEWS State Bank of India may cut new home loan rates by 15-25 bps. Lupin launches HIV drug in the US with marketing exclusivity Biocon inks licensing pact with US-based Quark Pharma PVR BluO to invest Rs 100 cr to double centres in 3 yrs Vodafone gets Rs 3700cr tax bill from income tax department. NIFTY FUTURE

MOST ACTIVE CALL OPTION

NIFTY NIFTY NIFTY BANKNIFTY SBIN POWERGRID RELIANCE DLF ICICIBANK

48.15 101.00 17.90 197.80 28.95 1.85 13.80 5.40 32.05

Nifty Future closed in the green in the last trading session. We advise buying around 6250 with strict stop loss of 6200 for the targets of 6120-6100 levels.

FII DERIVATIVES STATISTICS

BUY SELL OPEN INTEREST AT THE END OF THE DAY Amount in Crores
19577.23 55298.94 32193.30 1461.64

No. of Amount in No. of Amount in No. of Contracts Crores Contracts Crores Contracts INDEX FUTURES INDEX OPTIONS STOCK FUTURES STOCK OPTIONS
84727 558523 110816 57034 2587.30 16970.71 3175.08 1485.11 66699 589997 116067 58292 2038.37 17906.50 3315.54 1522.06 629793 1786121 1152491 53724

NET AMOUNT
548.92 -935.79 -140.46 -36.94

TOTAL

564.27

INDICES
NIFTY NIFTYJUNIOR BANK NIFTY YOUR MINTVISORY

S2
6088.31 12243.08 10894.36

S1
6152.73 12367.26 11126.13

PIVOT
6194.36 12437.08 11349.21

R1
6258.78 12561.26 11580.98

R2
6300.41 12631.08 11804.06

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DAILY REPORT
19th DECEMBER. 2013

COMMODITY MCX
COMMODITY ROUNDUP Gold was the main casualty of the Fed move, and the resulting jump in the dollar. After gyrating wildly, spot prices for the metal were off at $1,220.91 an ounce and uncomfortably close to the year low at $1,211.80. Oil markets shrugged off the Fed's decision, perhaps encouraged by signs of a pick up in global growth. Brent crude ended Wednesday up 84 cents at $109.24 a barrel. U.S. oil futures edged back 19 cents to $97.87 a barrel but are still up over a dollar on the week so far. MCX GOLD February contract was closed at Rs 28868 UP Rs 190 , or 0.66 percent. The GOLD rate touched an intraday high of Rs 28920 and an intraday low of Rs 28672. 17266 contracts had been traded. Gold Price was taking support at 28640 and traded in sideways range all day. In evening session gold price broke the nearest resistance of 28850 and made high of 28920

RECOMMENDATIONS SILVER

TRADING STRATEGY: BUY SILVER ABOVE 45550 TGTS 45750/46150 SL 45150 SELL SILVER BELOW 45200 TGTS 45000/44600 SL 45600 GOLD

MCX SILVER march contract was closed at Rs 45348 up Rs 614, or 1.37 percent. The SILVER rate touched an intraday high of Rs 45475 and an intraday low of Rs 44794. 16967 contracts had been traded. Silver opened at morning with gap up and made day low. In mid session silver traded in narrow range and made night high 45475 . After 11.00 p.m. more buying pressure had been in silver and it will helpful to break the nearest resistance 45550. Nickel prices rose by 0.37% to Rs 879.70 per kg in futures trade yesterday as speculators enlarged their positions, tracking a firm spot market trend on pick up in demand from alloy-makers. At the Multi Commodity Exchange, nickel for delivery in January gained Rs 3.20, or 0.37%, to Rs 879.70 per kg in business turnover of 13 lots. Similarly, the metal for delivery in December moved up by Rs 2.60, or 0.30%, to Rs 870.50 per kg in 506 lots. Speculators enlarged their positions, tracking a firming trend in spot market on pick up in demand from alloy-makers mainly led to rise in nickel prices at futures trade. Import of jewellery from Hong Kong attracts no duty in India, due to a free trade agreement. A handful of large businessmen in the segment have started over-invoicing jewellery consignments to India, to siphon off dollars abroad and earn risk-free off-market interest on it.

TRADING STRATEGY: BUY GOLD ABOVE 28950 TGTS 29030/29130 SL 28820 SELL GOLD BELOW 28620 TGTS 28540/28440 SL 28740

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DAILY REPORT
19th DECEMBER. 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 BUY CASTORSEED JAN ABOVE 4890 TGTS 4910,4960 SL 4840 SELL CASTORSEED JAN BELOW 4805 TGTS 4775,4725 SL 4855 DHANIYA

1445 4873 2816 7214 7718 1431 13097.5 3570 692.5 5210

+0.14 +0.23 -0.21 -0.91 -3.99 +1.35 +0.91 -0.81 -0.82 -1.44

NCDEX ROUNDUP Sugar prices weakened by 0.29% to Rs 2,758 per quintal in futures trade yesterday on ample supplies at spot market against low demand. At the National Commodity and Derivatives Exchange, sugar for delivery in January weakened by Rs 8, or 0.29%, to Rs 2,758 per quintal with an open interest of 26,660 lots. Sugar for delivery in February also traded lower by Rs 2, or 0.07%, to Rs 2,768 per quintal in 17,410 lots. The fall in sugar futures to ample supplies at spot market against low demand from bulk consumers such as ice-cream and soft-drink makers due to winter. Tracking a weak global trend, crude palm oil prices declined by 0.62% to Rs 548.50 per 10 kg in futures trade yesterday as speculators offloaded their positions. At the Multi Commodity Exchange, crude palm oil for delivery in December declined by Rs 3.40, or 0.62%, to Rs 548.50 per 10 kg in business turnover of 31 lots. Similarly, oil for delivery in January edged lower by Rs 3.30, or 0.59%, to Rs 551.40 per 10 kg in 37 lots. Offloading of positions by speculators in tandem with a weak global trend on concern that exports from Indonesia and Malaysia, the world's largest producers, may drop this month as traders are lured by easing prices of alternate vegetable oils, mainly influenced crude palm oil prices at futures trade. Meanwhile, palm oil for the contract for delivery in March declined 0.9% to $784 a metric tonne on the Malaysia

BUY DHANIYA JAN ABOVE 8190 TGTS 8220,8270 SL 8140 SELL DHANIYA JAN BELOW 8070 TGTS 8050,8000 SL 8120

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DAILY REPORT
19th DECEMBER. 2013

CURRENCY

RBI Reference Rate

Currency Rate Currency Rate

Rupee- $ Euro USD/INR

61.9176 Yen-100 85.2692 GBP

60.1600 100.8328

CURRENCY ROUNDUP The dollar galloping above 104.00 yen for the first time since 2008. The dollar was hoisted to a more than five-year high against the yen on Thursday after the Federal Reserve started to dial back its massive bond-buying stimulus, giving markets a strong signal that the U.S. economy was growing at a healthy clip. The dollar was a major beneficiary, surging to 104.15 yen while the euro toppled back to $1.3685. The broad-based slide in the yen was viewed as positive for Japanese exports and profits. The euro also came under pressure against the greenback, hitting a two-week low, and analysts at BNP Paribas continued to recommend short euro/dollar strategy. The euro was down 0.1 percent at $1.36690, adding to Wednesday's 0.6 percent slide and touching its lowest against the dollar since December 6.

BUY USD/INR ABOVE 62.31 TGTS 62.45, 62.64 SL 61.90. SELL USD/INR BELOW 61.80 TGTS 61.64, 61.47 SL 62.21. GBP/INR

The U.S. central bank said it would reduce its monthly asset purchases by $10 billion, bringing them down to $75 billion. The taper will be equally split between mortgage-backed securities and Treasury bonds. But in a move to forestall any sharp market reaction that could undercut the recovery, the Fed also said it "likely will be appropriate" to keep overnight rates near zero "well past the time" that the U.S. jobless rate falls below 6.5 percent. The greenback rose to 104.37 yen, a level not seen since October 2008. It jumped 1.6 percent versus the Japanese currency overnight, marking its biggest one-day rally in 41/2 months. Sterling pulled back, having rallied 0.8 percent against the dollar on Wednesday after British unemployment fell by more than expected, raising expectation that interest rates could rise earlier than previously forecast. The pound was down 0.1 percent at $1.6382, off from a more than twoyear peak of $1.6486 set on Wednesday.

BUY GBP/INR ABOVE 101.90 TGTS 102.09,102.23 SL 101.35. SELL GBP/INR BELOW 101.02 TGTS 100.83, 100.67 SL 101.47.

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DAILY REPORT
19th DECEMBER. 2013

CALL REPORT
PERFORMANCE UPDATES

Date

Commodity/ Currency Pairs

Contract

Strategy

Entry Level

Target

Stop Loss

Remark

18/12/13 18/12/13 18/12/13 18/12/13 18/12/13 18/12/13 18/12/13 18/12/13 18/12/13 18/12/13 18/12/13 18/12/13
Date

MCX GOLD MCX GOLD MCX SILVER MCX SILVER NCDEX CASTOR SEED NCDEX CASTOR SEED NCDEX DHANIYA NCDEX DHANIYA USD/INR USD/INR EUR/INR EUR/NR
Scrip

FEB. FEB. MARCH MARCH JAN. JAN. JAN. JAN. DEC. DEC. DEC. DEC.
CASH/ FUTURE/ OPTION

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

28830 28260 45250 44600 4820 4950 8280 8065 61.86 62.21 85.18 85.70
Entry Level

2891029010 2854028440 4545045800 4440044100 47904740 49805030 83108360 80357985 61.7161.54 62.3662.48 84.9984.83 85.8786.05
Target

28700 28740 44900 44950 4870 4900 8230 8115 62.26 61.81 85.59 85.29
Stop Loss

BOOKED FULL PROFIT NOT EXECUTED BOOKED PROFIT NOT EXECUTED SL TRIGGERED NOT EXECUTED SL TRIGGERED NOT EXECUTED SL TERGGERED BOOKED PROFIT SL TRIGGERED NOT EXECUTED
Remark

18/12/13 18/12/13 18/12/13 18/12/13 17/12/13 16/12/13 13/12/13 12/12/13

NIFTY HDIL HDFC WOCKHARDT TECH MAHINDRA TATAMOTORS JINDAL PHOTO HCLTECH

FUTURE FUTURE FUTURE CASH FUTURE FUTURE CASH FUTURE

SELL SELL SELL BUY BUY BUY BUY BUY

6150 46-47 780 390 1740-1750 368-372 130-135 1180

6200 44.542.5 765-750 410-430 17701790 378-384 145-155 12001220

6120-6100 48.5 795 370 1715 360 122 1160

NOT EXECUTED SL TRIGGERED NOT EXECUTED NOT EXECUTED CALL OPEN CALL OPEN SL TRIGGERED BOOKED PROFIT

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DAILY REPORT
19th DECEMBER. 2013

US ECONOMIC REPORT
TIME (ET) REPORT PERIOD ACTUAL CONSENSUSFORECAST PREVIOUS MONDAY, DEC. 16 8:30 AM 8:30 AM 9:15 AM 9:15 AM EMPIRE STATE INDEX PRODUCTIVITY REVISION INDUSTRIAL PRODUCTION CAPACITY UTILIZATION DEC. Q3 NOV. NOV. TUESDAY, DEC. 17 8:30 AM 8:30 AM 8:30 AM 10 AM CONSUMER PRICE INDEX CORE CPI CURRENT ACCOUNT HOME BUILDERS' INDEX NOV. NOV. Q3 DEC. WEDNESDAY, DEC. 18 8:30 AM 8:30 AM 2 PM 2:30 AM HOUSING STARTS BUILDING PERMITS FOMC STATEMENT BERNANKE PRESS CONFERENCE THURSDAY, DEC. 19 8:30 AM 10 AM 10 AM 10 AM WEEKLY JOBLESS CLAIMS EXISTING HOME SALES PHILLY FED LEADING INDICATORS 12/14 NOV. DEC. NOV. FRIDAY, DEC. 20 8:30 AM GDP REVISION Q3 Disclaimer
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4.0 2.4% 0.5% 78.4%

-2.2 1.9% -0.1% 78.1%

0.1% 0.1% -55

-0.1% 0.1% -$99 BLN 54

NOV. NOV.

950,000 1.00 MLN

891,000 (AUG) 1.04 MLN

N/A 5.05 MLN 10.0 --

N/A 5.12 MLN 6.5 0.2%

3.6%

3.6%

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