DAILY REPORT

18th DECEMBER. 2013

Global markets at a glance The Nikkei share average rose 1.2% on Wednesday morning, as short-term investors bet the outcome of the U.S. Federal Reserve's policy meeting won't materially alter a promising outlook for Japanese equities. European shares fell on Tuesday, resuming a downward slide seen for much of this month as the U.S. Federal Reserve kicked off a two-day meeting at which it may decide to scale back its equity-friendly stimulus program. Wall Street Update U.S. stocks closed slightly lower on Tuesday, with investors reluctant to make big bets before the results of a Federal Reserve meeting that could give some clarity as to when the central bank will begin trimming its stimulus. The policy-setting Federal Open Market Committee is expected to issue a statement on Wednesday at the meeting's conclusion. The Dow Jones industrial average .DJI slipped 9.31 points, or 0.06 percent, to close at 15,875.26. The Standard & Poor's 500 Index .SPX declined 5.54 points, or 0.31 percent, to finish at 1,781.00. The Nasdaq Composite Index .IXIC fell 5.84 points, or 0.14 percent, to end at 4,023.68. Previous day Roundup The consolidation in market continued for the second session on Tuesday as investors are eyeing for RBI policy that will be announced on Wednesday. The day that was looking like a sigh of relief after a fall in previous five sessions gave up gains in last hour of trade. The Sensex slipped 47.38 points to 20,612.14, and the Nifty fell 15.65 points to 6,139.05. Index stats The Bankex and Bank Nifty both declined 1.28% & 1.44% respectively. Among the sartorial indices most of the sectors were closed up; Capital Goods [up 30.16pts], FMCG [up 48.71pts], PSU [up 47.00pts], Consumer Durables [up 59.14pts], Metals [up 1.89pts], TECK [up 26.41pts], IT [up 19.97pts], and Healthcare [up 143.42pts], the index slipped were Oil & Gas [down 45.15pts], AUTO [down 5.66pts], Realty [down 10.11 pts], Power [down 11.88pts].

World Indices
Index DJl S&P 500 NASDAQ EURO STO FTSE 100 Nikkei 225 Hong Kong Value 15,875.26 1,781.00 4,023.68 2,941.76 6,486.19 15,510.12 23,180.26
CMP Change

% Change -0.06 -0.31 -0.14 -1.24 -0.55 +1.52 +0.49

% Chg

Top Gainers
Company

RANBAXY BHARTIARTL CIPLA SUNPHARMA NMDC

438.15 327.70 387.40 568.30 139.00

CMP

20.10 14.35 11.50 12.15 2.65

Change

+4.81 +4.58 +3.05 +2.18 +1.94

% Chg

Top Losers
Company

HDFCBANK CAOLINDIA NTPC HDFC

659.25 278.35 134.90 782.80

25.10 8.50 3.05 15.75

-3.67 -2.96 -2.21 -1.97

Stocks at 52 Weeks high

Symbol Prev. Close Change %Chg

AUROPHARMA BFUTILITIE DELTACORP ESCORTS GLAXO

354.60 425.00 100.90 130.90 2,946.50

5.55 7.65 2.80 2.30 20.90

+1.59 -1.77 -2.70 +1.79 +0.71

Stocks at 52 Weeks Low

Symbol Prev. Close Change %Chg

BEL --

1000

8.70

-0.86

Indian Indices
Company NIFTY SENSEX CMP Change % Chg

6,139.05 20,612.14

-15.65 -47.38

-0.25 -0.23

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DAILY REPORT
18th DECEMBER. 2013

EQUITY CASH & FUTURE

STOCK RECOMMENDATIONS [FUTURE] 1. HDIL

STOCK RECOMMENDATION [CASH] 1. WOCKHARDT

HDIL FUTURE is looking weak on charts, short build up has been seen, we may see more downside, if it continues to sustain below 46. We advise selling around 46-47 levels with strict stop loss 48.50 for the targets of 44.50-42.50 levels. 2. HDFC

WOCKHARDT is looking strong on charts. We advise buying above 390 levels with strict stop loss of 370 for the targets of 410-430 levels.

MACRO NEWS

Reserve bank of India is going to announce Credit Policy today, wherein RBI likely to raise repo rate by 0.25 per cent to tame inflation Domestic road shows for IOC divestment to begin today will end on December 20. JM Financial allots 1.2 crore warrants to Vikram Pandit at Rs 19.05 apiece on a preferential basis. JK Tyre allots 43 lakh warrants to promoters at Rs 115/Warrant . Tata Steel puts Borivli land worth Rs 1000 crore up for sale. Corporate action: HCL Technologies ex-date for dividend Rs 6 per share. Board Meeting: Pipavav Defence AGM.
Anti-dumping duty on steel products from India to continue . Power cost to go up as Western Coalfields hikes prices by 10%.

HDFC FUTURE is looking weak on charts, short build up has been seen, we may see more downside, if it continues to sustain below 780. We advise selling below 780 levels with strict stop loss 795 for the targets of 765-750 levels. YOUR MINTVISORY

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DAILY REPORT
18th 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 6,100 6,200 6,000 1,700 2,500 1,250 1,100 Strike Price 6,300 6,200 6,400 12,000 1,800 440 2,100 2,600 100 LTP Traded Volume (Contracts) 2,46,302 2,41,434 1,71,326 27,414 6,945 2,076 1,778 1,741 Traded Volume (Contracts) 3,18,868 3,03,368 1,95,810 23,695 8,324 4,728 4,199 4,109 3,188 Open Interest 52,08,750 35,40,400 59,87,000 3,98,650 2,60,125 1,90,750 2,36,250 3,65,500 Open Interest 73,01,000 43,47,200 54,44,850 4,75,075 4,72,250 6,49,500 3,91,750 2,06,375 73,32,000

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

49.55 96.00 22.40 31.00 19.75 33.50 32.00 LTP

11,000 149.00

STOCKS IN NEWS IRB Infrastructure Developers preferred bidder for Rs 1,500-crore road project. Boeing announces $10 billion buyback, raises dividend. Sun Pharma Advanced Research Company (SPARC) receives US FDA response on Venlafaxine NDA. Hero MotoCorp may sub-license Honda's technology to overseas players. NIFTY FUTURE

MOST ACTIVE CALL OPTION

NIFTY NIFTY NIFTY BANKNIFTY SBIN RANBAXY TCS MCDOWELL-N POWERGRID

20.50 50.30 6.55 30.40 16.05 11.50 13.75 44.00 0.45

Nifty Future closed in the red in the last trading session. We advise selling below 6150 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 18206.89 53823.67 31962.30 1460.74 TOTAL NET AMOUNT -20.06 -913.69 -23.10 1.79 -955.05 No. of Amount in No. of Amount in No. of Contracts Crores Contracts Crores Contracts INDEX FUTURES INDEX OPTIONS STOCK FUTURES STOCK OPTIONS 55403 254102 68824 33516 1672.11 7731.35 1942.15 907.96 56216 283195 69274 33346 1692.17 8645.04 1965.26 906.17 594003 1760703 1167506 54884

INDICES
NIFTY NIFTYJUNIOR BANK NIFTY YOUR MINTVISORY

S2
6096.65 12247.76 11028.15

S1
6117.85 12281.08 11118.4

PIVOT
6154.2 12336.86 11268.25

R1
6175.4 12370.18 11358.5

R2
6211.75 12425.96 11508.35

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DAILY REPORT
18th DECEMBER. 2013

COMMODITY MCX
COMMODITY ROUNDUP Gold prices eased on Tuesday ahead of this week's Federal Reserve policy meeting, on expectations that the U.S. central bank may soon be set to taper its bullion-friendly economic stimulus program. The Fed begins its latest two-day policy meeting on Tuesday. Most economists polled by Reuters this week expect it to taper its huge bond-buying program in March, although the odds on a move this month or next have shortened after a run of upbeat data. Spot gold was down 0.3 percent at $1,236.30 an ounce at 1022 GMT, while U.S. gold futures for February delivery were down $8.10 an ounce at $1,236.30. Expectations that the Fed will curtail its stimulus program, which has driven gold prices higher in recent years by pressuring interest rates and fuelling fears of inflation, have already pushed gold prices 25 percent lower this year. MCX GOLD February contract was closed at Rs 28678 down Rs 153 , or- 0.53 percent. The GOLD rate touched an intraday high of Rs 28990 and an intraday low of Rs 28642. So far 22800 contracts have been traded. Gold Price is taking support at 28640 and trade in sideways range all day. In evening session gold price broke the nearest SUPPORT of 28790 and made new low of 28642 MCX SILVER march contract was closed at Rs 44734 DOWN Rs 596, or 1.31 percent. The SILVER rate touched an intraday high of Rs 45628 and an intraday low of Rs 44580. 29027 contracts had been traded. Silver opened at morning with gap DOWN and made day low. In mid session silver traded in narrow range and made evening low 44580 . After 6.00 p.m. more selling pressure was seen in silver and it will helpful to break the nearest support 44550. Prices of iron ore and chrome ore are witnessing downward pressure on poor demand from within the country, precipitated by stagnated consumption growth of finished steel products Zinc futures prices yesterday edged up by 0.32% to Rs 123.80 per kg as speculators created positions despite metal's weakness in the global market. At MCX, zinc for delivery in January up by 40 paise, or 0.32%, to Rs 123.80 per kg, with a business turnover of 9 lots.

RECOMMENDATIONS SILVER

TRADING STRATEGY: BUY SILVER ABOVE 45250 TGTS 45450/45800 SL 44900 SELL SILVER BELOW 44600 TGTS 44400/44100 SL 44950 GOLD

TRADING STRATEGY: BUY GOLD ABOVE 28830 TGTS 28910/29010 SL 28700 SELL GOLD BELOW 28620 TGTS 28540/28440 SL 28740

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DAILY REPORT
18th 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 4950 TGTS 4980,5030 SL 4900 SELL CASTORSEED JAN BELOW 4820 TGTS 4790,4740 SL 4870 DHANIYA

1446.5 4884 2810 7230 7800 1418 12980 3599 696.5 5282

+0.35 +0.08 -1.40 -1.50 -2.77 +0.50 -0.36 -1.53 -0.02 +1.23

NCDEX ROUNDUP Delay in commencement of cane crushing by over a month in the current sugar season (October 2013-Sept 2014) has dropped the sugar production by 50% over last year. The industry has pegged total sugar output at 250 lakh tonnes in the ongoing 2013-14 season (October-September), higher than the government estimate of 241 million tonnes. Castor seed output in India is likely to decline by 40 per cent this year on lower acreage and unfavorable climatic condition in major producing states at the beginning of the sowing season. A high-powered group of ministers is expected to meet on Wednesday to take stock of the governments ongoing sale of excess wheat in the domestic market. The government has plans to sell around 8.5 million tonnes of wheat through the open market till March 2014 before the new procurement season starts. However, till date it has managed to sell just about 1 million tonnes due to lukewarm response from traders. Palm oil shipments by Indonesia, the world's largest producer, probably advanced to the highest level in nine months in November as rising prices prompted exporters to boost supplies. Futures gained.

BUY DHANIYA JAN ABOVE 8280 TGTS 8310,8360 SL 8230 SELL DHANIYA JAN BELOW 8065 TGTS 8035,7985 SL 8115

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DAILY REPORT
18th DECEMBER. 2013

CURRENCY

RBI Reference Rate

Currency Rate Currency Rate

Rupee- $ Euro USD/INR

62.3896 Yen-100 84.7547 GBP

61.1000 101.8011

CURRENCY ROUNDUP The dollar was on the back foot against the euro and the yen on Wednesday as traders cautiously looked to what the Federal Reserve will do with its stimulus -- a major force that has simultaneously underpinned riskier global assets and restrained the dollar in recent years

The dollar's index stood at 80.02, having slipped from Monday's high of 80.419, with immediate support seen at the Dec. 11 low of 79.757. Although a steady run of firm U.S. economic data in recent weeks has raised speculation that the Fed could reduce its bond buying at its policy meeting ending on Wednesday, a majority of investors still think stimulustapering will happen early next year. The dollar also eased against the yen to 102.57 yen, little changed in early Asian trade but down from a five-year high of 103.925 yen reached on Friday. Sterling lost some of its recent momentum, wobbling near three-week lows against the dollar and a six-week low versus the euro, after benign UK inflation data dampened speculation about early rate hikes. The pound traded at $1.6272, after having slipped to $1.6214 on Tuesday from a two-year high of $1.6499 hit last Wednesday. The euro rose to 84.67 pence on Tuesday, its highest level since early November and last stood at 84.64. The Australian dollar slumped to a fresh four-month low of $0.8882 overnight after the Australian central bank repeated its recent message that the currency was uncomfortably high.

BUY USD/INR ABOVE 62.21 TGTS 62.36, 62.48 SL 61.81. SELL USD/INR BELOW 61.86 TGTS 61.71, 61.54 SL 62.26. EUR/INR

SELL EUR/INR BELOW 85.18 TGTS 84.99, 84.83 SL 85.59 BUY EUR/INR ABOVE 85.70 TGTS 85.87, 86.05 SL 85.29.

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DAILY REPORT
18th DECEMBER. 2013

CALL REPORT
PERFORMANCE UPDATES

Date

Commodity/ Currency Pairs MCX GOLD MCX GOLD MCX SILVER MCX SILVER NCDEX CASTOR SEED NCDEX CASTOR SEED NCDEX DHANIYA NCDEX DHANIYA JPY/INR JPY/INR GBP/INR GBPNR

Contract

Strategy

Entry Level 28930 29690 45700 45200 4650 4880 8460 8355 59.95 60.74 100.83 101.70 Entry Level 6200 17401750 260 340-345 6180 368-372 130-135 1180

Target

Stop Loss 28820 28810 45350 45550 4700 4830 8410 8395 60.36 60.33 101.28 101.25 Stop Loss 6240 1715 255 330 6240 360 122 1160

Remark

17/12/13 17/12/13 17/12/13 17/12/13 17/12/13 17/12/13 17/12/13 17/12/13 17/12/13 17/12/13 17/12/13 17/12/13

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

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

29010-29110 28610-28510 45900-46200 45000-44700 4620-4570 4910-4960 8490-8540 8325-8275 59.76-59.60 60.94-61.16 100.66-100.44 101.86-102.03

BOOKED PROFIT NOT EXECUTED NOT EXECUTED BOOKED FULL PROFIT NOT EXECUTED BOOKED PROFIT BOOKED PROFIT BOOKED PROFIT NOT EXECUTED NOT EXECUTED NOT EXECUTED NOT EXECUTED

Date

Scrip

Strategy

Target

Remark

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

NIFTY TECH MAHINDRA ADANIENT TATA ELEXI NIFTY TATAMOTORS JINDAL PHOTO HCLTECH

SELL BUY BUY BUY SELL BUY BUY BUY

6160-6120 1770-1790 265-270 355-365 6150-6120 378-384 145-155 1200-1220

BOOKED PROFIT CALL OPEN BOOKED PROFIT BOOKED PROFIT BOOKED PROFIT CALL OPEN CALL OPEN CALL OPEN

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DAILY REPORT
18th DECEMBER. 2013

ECONOMIC CALENDAR

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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