DAILY REPORT

21st JANUARY. 2013

Global markets at a glance Asian markets crept higher on Tuesday as Japanese stocks rebounded and Chinese money rates eased, while the U.S. dollar got a fillip from a report the Federal Reserve would again trim its bond buying next week. The dollar broke the early lethargy with a hop to 104.48 yen when the Wall Street Journal reported the Fed is on track to trim its bondbuying program for the second time in six weeks, paring back by $10 billion to $65 billion a month. Wall Street Update A lackluster U.S. jobs report had not diminished the central bank's confidence in the economy, wrote Fed watcher Jon Hilsenrath. Investors suspect he has an inside line to policy makers and put a lot of weight on his opinion. It was enough to nudge 10-year U.S. Treasury yields up a couple of basis points to 2.84 percent, following the U.S. market holiday on Monday. The drop in the yen helped Japan's Nikkei .N225 bounce 1.1 percent, and dragged up markets from South Korea to Taiwan. MSCI's broadest index of Asia -Pacific shares outside Japan .MIAPJ0000PUS swung round to be 0.36 percent firmer Previous day Roundup After a volatile session, the market ended the day on a strong note. The Sensex ended up 141.43 points at 21205.05, and the Nifty closed at 6303.95, up 42.30 points. About 1383 shares have advanced, 1209 shares declined, and 245 shares are unchanged. IT stocks kept the market busy with TCS gaining 5.5 percent while Wipro was up 4 percent. Sesa Sterlite, ITC and Tata Motors were other gainers in the Sensex. Reliance, Coal India, Tata Power, Sun Power and Bharti was major laggards in the Sensex. Index stats The Market was up in yesterday session where Bankex and Bank Nifty both closed almost flat (up0.75 % and up 0.88 % respectively). Among the sartorial indices almost the sectors which were up are; Capital Goods [up 11.66 pts], AUTO [up 86.40 pts], Metals [up 23.33 pts], and the index advanced were Consumer Durables [up 18.55pts], IT [up 265.49 pts], Healthcare [up28.57 pts], FMCG [up70.65 pts] Realty [up 1.25 pts], TECK [up 128.50 pts]. And PSU [down0.35 pts], Oil & Gas [down 84.14pts],Power [down 58.35 pts], sectors were down.

World Indices
Index DJl S&P 500 NASDAQ EURO STO FTSE 100 Nikkei 225 Hong Kong Value 16458.56 1838.70 4197.58 3153.17 6836.73 15872.52 23025.76
CMP Change

% Change +0.25 -0.39 -0.50 -0.03 -0.03 +1.48 +0.42

% Chg

Top Gainers
Company

TCS WIPRO HCLTECH INDUSINDBK SSLT

2334.90 574.00 1430.85 435.00 205.50

CMP

121.85 21.30 51.20 11.65 4.90

Change

5.51 3.85 3.71 2.75 2.44

% Chg

Top Losers
Company

Stocks at 52 Weeks high

Symbol

RELIANCE TATAPOWER GRASIM BHARTIAIRTEL NMDC

868.00 77.45 2593.00 307.65 144.15

-16.75 0.90 -29.00 -3.25 -1.35

Change

-1.89 -1.15 -1.11 -1.05 -0.93

%Chg

Prev. Close

HCL-TECH BHUSANSTL CERA INFINITE WIPRO

1379.65 475.20 756.30 155.35 552.70

51.20 4.65 0.70 3.15 21.30

3.71 0.98 0.09 2.03 3.85

Stocks at 52 Weeks Low

Symbol Prev. Close Change %Chg

--

Indian Indices
Company NIFTY SENSEX CMP Change % Chg

6303.95 21205.05

42.30 141.43

0.68 0.67

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DAILY REPORT
21st JANUARY. 2013

EQUITY CASH & FUTURE

STOCK RECOMMENDATIONS [FUTURE] 1. ITC FUTURE

STOCK RECOMMENDATION [CASH] 1. RELIANCE MEDIAWORKS

ITC FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sustains above 332 levels. We advise buying above 332 levels with strict stop loss 327 for the targets of 337-339 levels. 2. RCOM FUTURE

RELIANCE MEDIAWORKS is looking strong on charts. We advice buying above 55 levels with strict stop loss of 51 for the targets of 59-62 levels. MACRO NEWS

RCOM FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sustains above 132 levels. We advise buying around 130-131 levels with strict stop loss 127 for the targets of 134-135 levels.

Yesterday the directed the Planning Commission to set up a committee with representatives from northeastern states to monitor and improve coordination for infrastructure development in the region as he reviewed its status here. the (textiles exports) target will be USD 60 billion, having seen the potential and concentrating on skill development in the country, focus on textile sector by the government and also the necessity of the advanced nations to depend entirely on Asia, especially China and India, Union Textiles Minister K S Rao Public sector power producer NTPC yesterday said it facing illegal mining at its Pakri Barwadih coal block in and alleged the state is not providing law and order support, while asking the government to look into the issue. Venture Capital firms invested about $805 million over 206 deals in India during 2013, registering a fall of about 18 per cent over the corresponding period a year ago,

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DAILY REPORT
21st JANUARY. 2013

FUTURE & OPTION

MOST ACTIVE PUT OPTION

Symbol Option Type Strike Price LTP Traded Volume (Contracts) Open Interest

NIFTY NIFTY NIFTY BANKNIFTY BANKNIFTY BANKNIFTY SBIN INFY

Symbol

PE PE PE PE PE PE PE PE
Option Type

6,200 6,300 6,100 10,800 10,500 11,000 1,600 3,650

Strike Price

19 47.05 7.65 69.1 22 139 12.9 8.2

LTP

4,64,438 71,47,400 4,11,313 53,57,050 2,25,748 54,15,800 19,918 16,563 12,808 3,085 2,699
Traded Volume (Contracts)

1,23,850 2,88,625 2,24,150 2,72,875 2,95,500

Open Interest

STOCKS IN NEWS Biocon introduces world's first biosimilar Trastuzumab that drug is used for breast cancer treatment Banks will recast Rs 5,000-crore debt of Era Infra Engineering Cabinet Committee on Economic Affairs is likely to take up Hindustan Zinc residual stake sale today Reliance Media Works board approves delisting NIFTY FUTURE

MOST ACTIVE CALL OPTION

NIFTY NIFTY NIFTY BANKNIFTY BANKNIFTY BANKNIFTY INFY RCOM

CE CE CE CE CE CE CE CE

6,300 6,400 6,500 11,000 11,500 11,200 3,800 130

65 23.35 6.35 180.1 34.5 99.1 23 5.25

4,85,139 49,34,700 3,77,583 43,13,800 1,50,893 43,68,200 24,044 20,870 14,608 3,50,025 3,81,875

Nifty Future closed in the green in the last trading ses1,75,775 sion. We advise buying around 6290-6300 levels with strict stop loss of 6270 for the targets of 6340-6370 lev4,317 4,80,125 els. 3,939 20,00,000 Amount in Crores
14965.21 39930.19 33180.93 3241.57

FII DERIVATIVES STATISTICS

No. of Amount in No. of Amount in No. of Contracts Crores Contracts Crores Contracts INDEX FUTURES INDEX OPTIONS STOCK FUTURES STOCK OPTIONS
55853 378140 87075 65803 1731.53 11632.89 2877.53 2020.71 63718 381733 87504 66774 1976.72 11732.81 2858.17 2054.05 483731 1284522 1062797 99787

NET AMOUNT
-245.19 -99.92 19.36 -33.34

TOTAL

-359.09

INDICES
NIFTY NIFTYJUNIOR BANK NIFTY

S2
6197.61 12175.06 10774.15

S1
6229.63 12256.13 10842.75

PIVOT
6278.36 12381.91 10962.35

R1
6310.38 12462.98 11030.95

R2
6359.11 12588.76 11150.55

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DAILY REPORT
21st JANUARY. 2013

COMMODITY MCX
COMMODITY ROUNDUP Gold steadied after touching its highest level in nearly six weeks on Monday, still finding support from a lower dollar and a dip in equities, which improved investor confidence in the metal. Platinum prices rose to their highest level in more than two months after the main trade union for South African platinum miners said workers at the world's top three producers would go out on strike this week. Spot gold hit its highest level since mid-December at $1,259.46 an ounce earlier and was trading up 0.1 percent at $1,254.70 by 1116 GMT. U.S. gold futures for February delivery were up $2.80 at $1,254.60 an ounce. European shares edged lower, retreating from 5-1/2 year highs, while the dollar fell 0.2 percent versus a basket of main currencies. Liquidity was expected to be thin with U.S. markets closed on Monday for a holiday. MCX GOLDPETAL January contract was trading at Rs 2982 up Rs 6, or 0.20 percent. The GOLDPETAL rate touched an intraday high of Rs 2983 and an intraday low of Rs 2969. So far 4467 contracts have been traded. GOLDPETAL prices have moved down Rs 25, or 0.83 percent in the January series so far. MCX GOLDPETAL February contract was trading at Rs 2941 up Rs 6, or 0.20 percent. The GOLDPETAL rate touched an intraday high of Rs 2943 and an intraday low of Rs 2932. So far 3248 contracts have been traded. GOLDPETAL prices have moved down Rs 24, or 0.81 percent in the February series so far. MCX SILVERMIC February contract was trading at Rs 45193 up Rs 28, or 0.06 percent. The SILVERMIC rate touched an intraday high of Rs 45285 and an intraday low of Rs 45020. So far 21035 contracts have been traded. SILVERMIC prices have moved up Rs 3193, or 7.60 percent in the February series so far. MCX SILVERMIC April contract was trading at Rs 46204 up Rs 74, or 0.16 percent. The SILVERMIC rate touched an intraday high of Rs 46280 and an intraday low of Rs 46030. So far 1336 contracts have been traded. SILVERMIC prices have moved down Rs 10912, or 19.10 percent in the April series so far. MCX SILVERMIC June contract was trading at Rs 47150 up Rs 39, or 0.08 percent. The SILVERMIC rate touched an intraday high of Rs 47253 and an intraday low of Rs 46600. So far 143 contracts have been traded. SILVERMIC prices have moved down Rs 128, or 0.27 percent in the June series so far.

RECOMMENDATIONS SILVER

TRADING STRATEGY: BUY SILVER ABOVE 45300 TGTS 45500/45800 SL 44950 SELL SILVER BELOW 44950 TGTS 44750/44450 SL 45300 GOLD

TRADING STRATEGY: BUY GOLD ABOVE 29350 TGTS 29430/29530 SL 29250 SELL GOLD BELOW 29250 TGTS 29170/29070 SL 29350

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DAILY REPORT
21st JANUARY. 2013

NCDEX

RECOMMENDATIONS CASTORSEED

NCDEX INDICES Index Value % Change

Castor Seed Chana Coriander Cotton Seed Oilcake Jeera Maize Feed/ Industrial grade Mustard seed Soy Bean Turmeric
BUY CASTORSEED FEB ABOVE 4380 TGTS 4410,4460 SL 4330 SELL CASTORSEED FEB BELOW 4315 TGTS 4285,4235 SL 4365

4275 3020 7950 1547 12745 1200 3517 3750 6714

0 -0.59 -1.01 0.06 1.88 0.84 -2.95 -31 -0.06

NCDEX ROUNDUP Selling continued in coriander futures due strong production estimates in major producing states along with limited export demand in local mandies. The NCDEX futures slumped by Rs 5 per quintal today. The market sources suggested that the total production of coriander crop is likely at 118 lakh bags against 98 lakh bags of the last year. This is mainly due to strong sowing acreage in major producing states like Gujarat, Madhya Pradesh and Rajasthan. The total production in Gujarat is likely to increase by 57%, while production in Rajasthan and Madhya Pradesh is likely to augment by 16.60 and 13.33% in the current year. The NCDEX April coriander futures declined by 0.06% today to close at Rs 8955 per quintal. The NCDEX futures added 2% in open interest indicating fresh short position by traders. India's National Commodity and Derivatives Exchange (NCDEX) has received approval from market regulator, Forward Markets Commission (FMC) to launch futures trading in Gold Hedge 100 gms. This comes close on the heels of NCDEX launching a 1 kg Gold Hedge contract on January 16th.

DHANIYA

BUY DHANIYA FEB ABOVE 8190 TGTS 8220,8270 SL 8140 SELL DHANIYA FEB BELOW 8090 TGTS 8070,8020 SL 8140

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DAILY REPORT
21st JANUARY. 2013

CURRENCY

RBI Reference Rate

Currency Rate Currency Rate

Rupee- $ Euro USD/INR

61.6345 Yen-100 83.4245 GBP

59.1900 101.2532

CURRENCY ROUNDUP Indian rupee declined in the early trade on Monday. It has opened lower by 11 paise at 61.67 per dollar as against Friday's closing value of 61.55. Agam Gupta of Standard Chartered feels dollar-rupee will open higher at around 61.70 level mainly reflecting dollar strength overnight. He expects exporters to sell on upticks to 61.80 while the nationalised bank demand will support the pair at 61.50. "The flows are expected to be muted as US markets will remain shut today," he adds. Meanwhile, the US dollar started Monday near a two-month high, having enjoyed a solid comeback last week after a string of mostly upbeat data convinced markets the Federal Reserve will continue its gradual withdrawal of stimulus. Foreign institutional investors have been heavy investors in local debt, being net buyers for seven successive sessions to Friday, taking the total purchases for the month to $2.8 billion. The purchases came after they reduced their holdings by $8.3 billion in 2013. Easing inflation and a stable rupee have led to expectations that Reserve Bank of India Governor Raghuram Rajan will keep rates steady when the central bank meets on Jan. 28 to decide monetary policy, helping improve investor confidence."The bond inflows have been one of the biggest factors supporting the rupee. Moreover, I expect equity-related inflows to pick up in the coming months due to FDI inflows and share buybacks lined up," said Subramanian Sharma, director at Greenback Forex. The central bank raised its key policy rate twice late last year to contain inflation, sparking concerns about declining economic growth. A pause in rate hikes will boost equities and attract more foreign funds, which will be supportive of the rupee. The partially convertible rupee closed at 61.62/63 per dollar compared with its Friday close of 61.54/55. The currency remained in a tight range of 61.5425-61.67 as the U.S. markets will remain closed on Monday for a national holiday.

BUY USD/INR ABOVE 61.82 TGTS 61.95, 62.09 SL 61.52. SELL USD/INR BELOW 61.47 TGTS 61.34, 61.18 SL 61.77.

GBP/INR

BUY GBP/INR ABOVE 101.61 TGTS 101.75, 101.90 SL 101.26. SELL GBP/INR BELOW 101.05 TGTS 100.92, 100.76 SL 101.40.

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DAILY REPORT
21st JANUARY. 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 GBP/INR GBP/INR JPY/INR JPY/INR

Contract

Strategy

Entry Level

Target

Stop Loss

Remark

20/01/14 20/01/14 20/01/14 20/01/14 20/01/14 20/01/14 20/01/14 20/01/14 20/01/14 20/01/14 20/01/14 20/01/14

FEB. FEB. MAR. MAR. FEB. FEB. FEN. FEB. JAN. JAN. JAN. JAN.

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

29350 29150 45350 44800 4360 4270 8090 8115 101.43 100.56 59.12 58.83

29430-29530 29070-28970 45600-45950 44500-44200 4390-4440 4240-4190 8120-8170 8085-8035 101.58-101.76 100.39-100.21 59.26-59.40 58.69-58.51

29250 29250 45000 45150 4310 4320 8030 8165 101.08 100.91 58.82 5913

BOOKED PROFIT NOT EXECUTED NOT EXECUTED NOT EXECUTED NOT EXECUTED BOOKED PROFIT CALL OPEN CALL OPEN NO PROFIT NO LOSS NOT EXECIUED BOOKED PROFIT NOT EXECUTED

Date

Scrip

CASH/ FUTURE/ OPTION FUTURE FUTURE FUTURE CASH CASH CASH

Strategy

Entry Level

Target

Stop Loss

Remark

20/01/14 20/01/14 20/01/14 20/01/14 17/01/14 15/01/14

NIFTY AXIS BANK BJAAJ AUTO ALL CARGO LOGISTIC GITANJALI SKS MICRO

SELL SELL BUY BUY BUY BUY

6290 1160 1950 138 70 186

6240-6200 1130-1105 1900-2040 144-148 75-85 192-198

6350 1170 1890 132 65 180

CALL OPEN SL TRIGGERED CALL OPEN NOT EXECUTED CALL OPEN BOOKED FULL PRPFIT

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DAILY REPORT
21st JANUARY. 2013

ECONOMIC CALENDAR

NEXT WEEK'S U.S. ECONOMIC REPORTS TIME (ET) REPORT PERIOD MONDAY, JAN 20 MARTIN LUTHER KING JR. DAY NONE SCHEDULED TUESDAY, JAN 21 NONE SCHEDULED WEDNESDAY, JAN.22 NONE SCHEDULED THURSDAY, JAN. 23 8:30 AM 9 AM 9 AM 10 AM 10 AM WEEKLY JOBLESS CLAIMS MARKIT "FLASH" PMI FHFA HOME PRICES EXISTING HOME SALES LEADING INDICATORS 1/18 JAN. NOV. DEC. DEC. FRIDAY, JAN. 24 NONE SCHEDULED Disclaimer
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N/A --4.95 MLN --

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