DAILY REPORT

24th OCTOBER. 2013

Global markets at a glance Japan's Nikkei fell to a two-week low on Thursday. European shares snapped a nine-day winning streak on Wednesday, hit by a fall in euro zone banks after the ECB set out plans for a new, tougher stress test and after disappointing earnings reports in other sectors. Banks dropped 2.1%. The Dow Jones industrial average was down 54.40 points, or 0.35 percent, at 15,413.26. The Standard & Poor's 500 Index was down 8.31 points, or 0.47 percent, at 1,746.36. The Nasdaq Composite Index was down 22.49 points, or 0.57 percent, at 3,907.07. The S&P 500 closed at an all-time high on Tuesday, its fourth-straight record finish. The index is up 22 percent for the year up to Tuesday, not far from the 23.5 percent advance in 2009. On Wednesday, 53 percent of total shares traded were declining. Wall Street Update Wall Street ends down as Caterpillar falls, Boeing rallies. U.S. stocks fell on Wednesday as shares of heavy-equipment maker Caterpillar and semiconductor companies tumbled after they reported earnings, ending the S&P 500's foursession streak of record high finishes. Previous day Roundup Indian shares dropped nearly 1% on Wednesday, easing for a second consecutive session, as blue chips fell on profittaking after indexes this week hit their highest in nearly 3 years. The market ended on a negative note with the Nifty closing below 6200, after two straight days. The Nifty ended at 6178.35 down 24.45 points. The Sensex slipped 97.09 points to close at 20767.88. About 1176 shares have advanced, 1225 shares declined, and 176 shares are unchanged. Index stats Bank Nifty & Bankex both advanced 0.66% & 0.56% respectively, the sectors which were in negative move in yesterdays session were; AUTO [down 87.22pts], Healthcare [down 75.75pts], Power [down 20.66pts], IT [down 79.46pts], Oil & Gas [down 77.35pts], TECK [down 42.56pts], PSU [down 4.15pts], Metals [down 41.28pts], REALTY [down 20.30pts] all traded downside except Consumer Durables [up 23.83pts], Capital Goods [up 51.28pts], FMCG [up 10.00pts].

World Indices
Index DJl S&P 500 NASDAQ EURO STO FTSE 100 Nikkei 225 Hong Kong Value 15,413.33 1,746.38 3,907.07 3,017.16 6,674.48 14,379.26 22,855.21
CMP Change

% Change -0.35 -0.47 -0.57 -0.94 -0.32 -0.32 -0.63

% Chg

Top Gainers
Company

BANKBARODA GAIL CIPLA SBIN ACC

592.50 346.95 423.50 1,716.30 1,160.60

CMP

29.35 13.10 11.25 41.05 23.75

Change

+5.21 +3.92 +2.3 +2.45 +2.09

% Chg

Top Losers
Company

WIPRO CAIRN DLF SUNPHARMA NTPC

491.10 320.00 159.00 619.00 145.40

Prev. Close

23.70 12.65 5.15 19.10 3.35

Change

-4.60 -3.80 -3.14 -2.99 -2.25

%Chg

Stocks at 52 Weeks high

Symbol

EICHERMOT ESCORTS JUSTDIAL KIRIINDUS MINDTREE

Symbol

3,975.00 99.10 1,152.75 25.70 1,378.00

Prev. Close

17.10 2.35 192.10 1.20 39.70

Change

+0.43 +2.43 +20.00 +4.90 +2.97

%Chg

Stocks at 52 Weeks Low

ERAINFRA PLETHICO 51.15 42.50
CMP

2.65 2.20
Change

-4.93 -4.92
% Chg

Indian Indices
Company NIFTY SENSEX

6,178.35 20,767.88

-24.45 -97.09

-0.39 -0.47

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DAILY REPORT
24th OCTOBER. 2013

EQUITY CASH & FUTURE

STOCK RECOMMENDATIONS [FUTURE] 1. BANK OF INDIA

STOCK RECOMMENDATION [CASH] 1. STC INDIA

BANK OF INDIA FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it continues to sustain above 187. We advise buying above 187 levels with strict stop loss of 183 for the targets of 189 -192 levels. 2. LT

STC INDIA is looking strong on charts . We advise buying above 175 with strict stop loss of 168 for the targets of 180188 levels. MACRO NEWS Hero MotoCorp beats estimates with a 9% rise in profit, the first gain in five quarters. Net profit was 4.81 billion rupees for the fiscal Q2. Other income rose a little over 16% YoY to Rs 115cr during Sept. quarter. Cement maker ACC's third quarter (July-September) net profit fell 51% (higher than estimates) year-on-year to Rs 118.9 crore, impacted due to sluggish market conditions and lower realizations. Net sales declined marginally to Rs 2,509 crore during September quarter from Rs 2,542 crore in a year ago period. Hindustan Zinc, a Vedanta group company, reported a 6.52% increase in its net profit to Rs 1,640.25 crore for the quarter ended September 30, 2013, as its performance was affected by lower other income and expenses on voluntary retirement scheme (VRS). Dish TV reported standalone net loss of Rs 16 crore for its Q2 ended Sept. 30, due to increase in expenses. Royal Bank of Scotland expects RBI to hike repo rate by 25 bps next week. India's central bank will sell 10 billion rupees of 1.44%, 2023 inflation indexed bonds on Oct. 30.. India trims exposure to US govt. securities at $57 bn. Banks borrowed Rs 33,829 crore via MSF on Oct. 22.

LT FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it trades above 950 with volumes. We advise buying above 950 levels with strict stop loss of 935 for the targets of 960-980 levels.

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DAILY REPORT
24th 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 6,100 6,200 6,000 10,500 1,700 3,200 880 500 Strike Price 6,200 6,300 6,400 11,000 1,700 900.00 520 3,400 380 LTP Traded Volume (Contracts) 6,41,62 4,78,741 4,18,968 18,223 9,270 2,694 3,084 2,717 Traded Volume (Contracts) 6,00,743 5,12,553 3,45,0.19 41,875 14,799 4,399 4,938 3,614 2,980 Open Interest 56,23,850 33,94,250 56,99,350 2,29,025 1,85,500 1,86,750 4,64,000 3,44,000 Open Interest 42,72,300 61,70,450 38,42,900 3,67,900 5,10,375 7,91,000 10,37,500 9,13,875 4,72,000

NIFTY NIFTY NIFTY BANK NIFTY SBIN INFY RELIANCE WIPRO Symbol

33.00 69.10 14.95 77.00 29.00 30.30 6.05 15.30 LTP

STOCKS IN NEWS Mindtree keen on outside talent for top rung, plans to fill senior team with external hires. NHAI nod to L&Ts Singapore plans, co to list six toll road projects. Tata Capital to invest Rs 40 crore in Mitra biotech. Results: Kotak Mahindra Bank, NMDC, Biocon, Idea, Ipca Labs, Piramal Life, Arvind, Essar Shipping, IIFL, Mastek, PTC India, Rolta India, Tata Sponge, Thomas Cook, United Phosphorous. NIFTY FUTURE

MOST ACTIVE CALL OPTION

NIFTY NIFTY NIFTY BANKNIFTY SBIN RELIANCE WIPRO INFY YESBANK

56.00 20.20 5.55 164.00 52.50 11.00 2.85 17.35 10.30

Nifty Future closed in the red in the last trading session. We advise selling around 6220-6240 with strict stop loss of 6255 for the targets of 6190-6150.

FII DERIVATIVES STATISTICS

BUY SELL OPEN INTEREST AT THE END OF THE DAY Amount in Crores 15694.04 63904.85 28986.34 3221.35 TOTAL NET AMOUNT -25.21 883.84 -127.31 -38.66 692.66 No. of Amount in No. of Amount in No. of Contracts Crores Contracts Crores Contracts INDEX FUTURES INDEX OPTIONS STOCK FUTURES STOCK OPTIONS 104371 810689 81672 55797 3190.81 24592.11 2297.58 1544.81 105060 778254 84462 56958 3216.02 23708.28 2424.89 1583.47 513813 2078742 1010747 105918

INDICES
NIFTY NIFTYJUNIOR BANK NIFTY YOUR MINTVISORY

S2
6069.61 11869.28 10661.48

S1
6123.98 11979.81 10771.06

PIVOT
6170.96 12068.43 10841.93

R1
6225.33 12178.96 10951.51

R2
6272.31 12267.58 11022.38

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DAILY REPORT
24th OCTOBER. 2013

COMMODITY MCX
COMMODITY ROUNDUP After recent gains, participants preferred to book profits in Gold, despite gold being firm in the global markets, weighed on the precious metal in futures trade. Globally, gold gained 0.2% to $1,342.34 an ounce in Singapore on speculation that the Federal Reserve may delay a reduction in stimulus until next year after US payrolls increased less than estimated. Procurement of physical gold continues to remain a challenge following restrictions imposed by the Reserve Bank of India (RBI) coupled with import duty hike imposed by the government. The marketing of gold ETFs, unlike past few years, too is likely to remain subdued. Reliance Mutual Fund, which had suspended fresh subscriptions to its gold saving scheme, has decided to reopen the scheme. The fund house, which had taken the step to support the government in rein in current account deficit (CAD), has said improvement in the macro situation is the reason for restarting the gold scheme. US oil prices extended their losses in Asian trade yesterday as dealers focused on rising stockpiles that indicate weak demand in the world's biggest economy. New York's main contract, West Texas Intermediate (WTI) for delivery in December, slipped 16 cents to $98.14 a barrel. The November contract expired on Tuesday after declining $1.42 to settle at USD 97.80. Brent North Sea crude for December delivery eased three cents to $109.94. WTI prices tumbled since Monday, when a US Department of Energy (DoE) report showed inventories rose 4.0 million barrels in the week ended October 11, well above the 1.7 million barrel increase forecast by analysts. The report had been delayed owing to the two-week government shutdown. Lead prices fell 0.52% to Rs 134.40 per kg in futures trading yesterday largely in tandem with a weak trend overseas amid subdued spot demand. At the Multi Commodity exchange, lead for delivery in November declined 70 paisa, or 0.52%, to Rs 134.40 per kg in business turnover of 24 lots. Similarly, the metal for delivery in the October contracts shed 55 paisa, or 0.41%, to Rs 133.10 per kg in 518 lots. A weak trend in copper and other base metals in the global market after US payrolls rose less than forecast, curbing demand prospects for industrial metals in the world's largest economy, weighed on prices. Besides, subdued demand in the domestic spot markets from batterymakers also influenced prices.

RECOMMENDATIONS SILVER

TRADING STRATEGY: BUY SILVER ABOVE 50250 TGTS 50450/50750 SL 49950 SELL SILVER BELOW 49600 TGTS 49400/49100 SL 49900 GOLD

TRADING STRATEGY: BUY GOLD ABOVE 30300 TGTS 30380/30480 SL 30200 SELL GOLD BELOW 30030 TGTS 29950/ 29850 SL 30130 YOUR MINTVISORY

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DAILY REPORT
24th OCTOBER. 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

1289 3643 3063 6404 6734 1526 12587.5 3705 724.3 4926

+1.98 +0.72 +0.92 -0.84 +2.15 +1.19 -0.38 +1.42 +1.85 +2.80

NCDEX ROUNDUP onion prices - which have shot up to Rs 80-90 per kg - might remain high for 2-3 weeks. BUY CASTORSEED NOV ABOVE 3685 TG 3715, 3745 SL 3625 SELL CASTORSEED NOV BELOW 3615 TG 3585, 3555 SL 3655 DHANIYA Soybean prices rose by Rs 87.50 to Rs 3,807.50 per quintal in futures trading yesterday on increased speculators buying in tandum with firm global cues as well as spot market cues, rise in its prices in overseas markets due to reports that the harvest will slow because of cold, wet weather in central areas of the US, the world's biggest producer, encouraged traders to raise holdings. Pick up in demand in spot markets here also boosted the trading sentiments to some extent. At the NCDEX soybean for March contract jumped up by Rs 87.50, or 2.35%, to Rs 3,807.50 per quintal, in open interest of 1,980 lots. Near December contract gained Rs 57, or 1.57%, to Rs 3,685.50 per quintal, clocking an open interest of 93,660 lots. Most active November contract surged by Rs 50.50, or 1.41%, to Rs 3,636 per quintal, having an open interest of 1,07,750 lots. Chana prices added 1.03% to Rs 3,125 per quintal in futures market yesterday as speculators enlarged their holdings on rising demand in the spot market. At the NCDEX, chana for delivery in December shot up by Rs 32, or 1.03%, to Rs 3,125 per quintal with an open interest of 50,010 lots. Similarly, the commodity for delivery in November moved up by Rs 31, or 1.02%, to Rs 3,068 per quintal in 1,04,970 lots.

BUY DHANIYA NOV ABOVE 6780 TG 6810, 6840 SL 6740 SELL DHANIYA NOV BELOW 6670TG 6640, 6610 SL 6710

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DAILY REPORT
24th OCTOBER. 2013

CURRENCY

RBI Reference Rate

Currency Rate Currency Rate

Rupee- $ Euro EUR/INR

61.5340 Yen-100 84.7495 GBP CURRENCY ROUNDUP

63.1800 99.7466

The Indian rupee rose on Wednesday, but gave up most gains on the back of strong dollar demand from state-run banks intended to be channeled to pay the government's defense payment requirements and concerns about tighter monetary policy in China. Dollar demand from a large petrochemical company also kept the rupee's gains in check, after the partially convertible currency had tracked gains in other emerging market currencies in the morning after worse-than-expected U.S. monthly jobs data. A less healthy employment report is expected to force the Federal Reserve to delay any tapering of its monetary stimulus until next year. Still, the impact globally was largely diffused after a policy adviser to the People's Bank of China told Reuters the authority may tighten cash conditions in the financial system to address the inflation risks, while the central bank refrained from supplying cash to money markets for the second day running. The rupee closed at 61.59/60 per dollar, compared with 61.655/665 on Tuesday. It traded in a 61.05-61.67 band in the session. The rupee was also pressured as local shares fell, with the NSE index falling 0.4 percent due to profittaking. In the offshore non-deliverable forwards, the onemonth contract was at 62, while the three-month was at 63.01. 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 61.71 with a total traded volume of $2.3 billion. The Swiss franc held near a two-year high against the dollar, sparked by concerns about China's economic outlook. The dollar edged up against major counterparts in early Asian trade on Thursday, but was hemmed in recent ranges as investors remained cautious about liquidity conditions in China.

EUR/INR has closed @84.7900. If it breaks the level of 84.68, it can touch 84.55 & 84.40. If it sustains above the level of 84.95 it can touch the level of 85.15 & 85.35. GBP/INR

GBP/INR has closed @99.52. If it breaks the level of 99.40, it can touch 99.22 & 98.94.If it sustains above the level of 100.25 it can touch the level of 100.65 & 100.85. YOUR MINTVISORY

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DAILY REPORT
24th OCTOBER. 2013

CALL REPORT
PERFORMANCE UPDATES

Date 23/10/13 23/10/13 23/10/13 23/10/13 23/10/13 23/10/13 23/10/13 23/10/13 23/10/13 23/10/13 23/10/13 23/10/13 Date 23/10/13 23/10/13 23/10/13 23/10/13 22/10/13

Commodity/ Currency Pairs MCX GOLD MCX GOLD MCX SILVER MCX SILVER NCDEX CASTOR SEED NCDEX CASTOR SEED NCDEX DHANIYA NCDEX DHANIYA EUR/INR EUR/INR GBP/INR GBP/INR Scrip NIFTY YESBANK BIOCON SHALIMAR PAINTS NIFTY

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

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

Entry Level 30190 30030 50250 49600 3580 3655 6665 6560 84.22 84.75 99.35 100.30 Entry Level 6200-6220 375

Target 30270-30370 29950-29850 50450-50750 49400-49100 3550-3520 3685-3715 6695-6725 6530-6500 84.01-83.72 84.92-85.15 99.11-98.75 100.75-100.95 Target 6260-6285 385-395

Stop Loss 30090 30130 49950 49900 3620 3615 6625 6600

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

Stop Loss 6175 365 335 68 6175

Remark SL TRIGGERED BOOKED PROFIT CALL OPEN BOOKED PROFIT SL TRIGGERED

BUY 340 345-350 BUY 72 76-80 BUY 6200-6220 6265-6285 US ECONOMIC REPORT
PERIOD ACTUAL

TIME (ET)

REPORT

CONSENSUSFORECAST

PREVIOUS

THURSDAY, OCT. 24 8:30 am 8:58 am 10 am 10 am Weekly jobless claims Markit flash PMI New home sales (possibly delayed) Job openings 10/19 Oct. Sept. Aug. FRIDAY, OCT. 25 8:30 am 9:55 am Durable goods orders (possibly delayed) UMich consumer sentiment index Sept. Oct. 1.7% -0.1% 75.2 N/A -427,000 -358,000 52.8 421,00 3.7 mln

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