DAILY REPORT

27th SEPT. 2013

Global markets at a glance Stocks slumped in China and rallied in Japan while Europes benchmark index closed little changed. Japan's Nikkei share average edged down in choppy conditions as the market turned its focus to the government's growth strategy and tax plans next week, while strong consumer inflation data had little impact. The Nikkei shed 0.1 % to 14,792.38 in mid-morning trade after opening a tad higher and now trading downside along-with HengSeng which is also down. Wall Street Update U.S. stocks rose, with the Standard & Poors 500 Index rebounding following its longest losing streak of the year. The S&P 500 (SPX) climbed 0.3 % to 1,698.67 at 4 p.m. New York time following a five-day slump. The index pared a gain of as much as 0.7 % amid concern lawmakers will fail to reach a budget compromise to avert a government shutdown. Previous day Roundup Nifty ended the September series up 8.7 % while the Sensex was up 8.2 %. The day ended on a very flat note with the Nifty at 5882.25 up 8.40 points or 0.14 %. The Sensex closed up 37.61 points or 0.19 % at 19893.85. About 1173 shares have advanced, 1116 shares declined, and 154 shares are unchanged. BSE MIDCAP index closed at 5627.58 with the gain of 11.45 points and BSE SMALLCAP index closed at 5479.62 with the gain of 30.98 points. Index stats Bank Nifty & Bankex both advanced 0.16% & 0.05% respectively, the sectors which were in positive move with Nifty in yesterdays session were; PSU [up 6.41pts], Metals [up 47.99pts], Capital Goods [up 50.15pts], AUTO [up 10.65pts], Healthcare [up 79.34pts], FMCG [up 38.38pts]. Power [up 12.70pts] traded upward. The sectors declined were: IT [down 20.50pts], Oil & Gas [down 96.49pts], TECK [down 9.83pts], REALTY [down 7.48pts] and Consumer Durables [down 58.79pts].

World Indices
Index DJl S&P 500 NASDAQ EURO STO FTSE 100 Nikkei 225 Hong Kong Value 15,328.30 1,698.67 3,787.43 2,922.99 6,565.59 14,790.66 23,120.56
CMP Change

% Change +0.36 +0.35 +0.70 -0.15 +0.21 -0.06 -0.02

% Chg

Top Gainers
Company

BHEL TATA STEEL JPASSOCIAT COALINDIA SUNPHARMA

151.15 301.30 38.45 303.45 582.00

CMP

8.00 10.20 1.25 8.40 13.00

Change

+5.59 +3.50 +3.35 +2.85 +2.28

% Chg

Top Losers
Company

JINDALSTEL AMBUJACEM PNB GAIL RELINFRA

237.00 184.00 474.10 328.00 401.50

Prev. Close

8.00 4.90 10.75 6.50 6.60

Change

-3.27 -2.59 -2.22 -1.94 -1.62

%Chg

Stocks at 52 Weeks high

Symbol

CHMAHENDRA DRREDDY ENIL FOURSOFT GALLISPAT

220.00 2,462.95 284.00 32.55 218.00

Prev. Close

0.30 33.85 10.20 1.65 10.10

Change

+0.14 +1.39 +3.73 -4.82 +4.86

%Chg

Stocks at 52 Weeks Low

Symbol

CHENNPETRO KOTHARIPRO

54.65 310.30
CMP

2.10 0.30
Change

-3.70 -0.10
% Chg

Indian Indices
Company NIFTY SENSEX

5,882.25 19,893.85

+8.40 +37.61

+0.14 +0.19

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DAILY REPORT
27th SEPT. 2013

EQUITY CASH & FUTURE

STOCK RECOMMENDATION [CASH] 1. ABG SHIPYARD LTD

STOCK RECOMMENDATIONS [FUTURE] 1. JINDAL STEEL AND POWER

JINDAL STEEL AND POWER is looking weak on charts, short build up has been seen, we may see more downside, if it continues to sustain below 240. We advise selling below 240 levels with strict stop loss of 245 for the targets of 235230. 2. BHEL

ABG SHIPYARD LTD is looking strong on charts . We advice buying above 300 with strict stop loss of 285 for the targets of 305-315-335 levels. MACRO NEWS The proposed external committee will look into new bank license applications once RBI completes the basic scrutiny, Tata Sons, India's biggest business group, and firms controlled by billionaires are among the 26 entities that applied for bank licenses last month. Among public sector units, India Post and IFCI have submitted applications. Micro finance institutions such as Bandhan Financial Services and Janalakshmi Financial, too, have expressed their intention to set up banks. House Republican leaders offered a proposal today to increase the U.S. debt ceiling that drew protests from some members as a dispute over federal spending risks a government shutdown in four days, over the budget on Oct. 1. Focus will also turn to U.S. jobs data due next Friday.

BHEL FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it continues to sustain above 145. We advise around 145-146 levels with strict stop loss of 140 for the targets of 148-150.

CORPORATE ACTION TODAY

SCRIP ACTION Rs. Per Share

ALEMBICLTD

BONUS

1:1

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DAILY REPORT
27th SEPT. 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 5,900 5,800 5,850 10,000 1,650 155 840 920 Strike Price 5,900 6,000 5,950 10,200 1,700 840 150 160 1,050 LTP Traded Volume (Contracts) 11,71,528 8,79740 4,00,985 98,376 9,068 2,265 5,697 1,571 Traded Volume (Contracts) 14,79123 7,07,830 3,06,568 1,16,551 15,996 5,260 5,681 5,192 3,271 Open Interest 12,75,350 81,84,050 33,21,600 4,34,825 2,41,125 12,76,000 3,08,250 2,13,000 Open Interest 82,20,650 89,20,900 28,88,850 4,14,000 3,80,375 3,08,750 16,62,000 39,52,000 2,55,250

NIFTY NIFTY NIFTY BANK NIFTY SBIN RCOM RELIANCE ICICIBANK Symbol

16.50 0.05 0.05 0.05 0.15 0.05 0.55 0.05 LTP

STOCKS IN NEWS Power Finance Corporation invites initial bids for Odisha, Tamil Nadu ultra mega power projects. CVC may close complaints of irregularities in JetEtihad deal. Irda levies Rs 5 lacs fine on Punjab & Sind Bank. HUL spreads its wings to retain edge with projects Tele-calling, Columbus. NIFTY FUTURE

MOST ACTIVE CALL OPTION

NIFTY NIFTY NIFTY BANKNIFTY SBIN RELIANCE BHEL RCOM AXISBANK

0.05 0.05 0.05 0.05 0.05 0.05 0.65 0.05 0.05

Nifty Future closed in the red in the last trading session. We advise selling on rise around 5900-5925 with strict stop loss of 5980 for the targets of 5850-5820 levels.

FII DERIVATIVES STATISTICS

BUY SELL OPEN INTEREST AT THE END OF THE DAY Amount in Crores 13049.40 41002.55 24016.36 257.85 TOTAL NET AMOUNT 1497.07 -454.11 -324.33 120.02 838.66 No. of Amount in No. of Amount in No. of Contracts Crores Contracts Crores Contracts INDEX FUTURES INDEX OPTIONS STOCK FUTURES STOCK OPTIONS 232304 908226 258072 33838 6832.86 26206.36 6961.57 879.55 181954 924413 268759 29856 5335.79 26660.47 7285.90 759.52 446548 1394531 865851 9953

INDICES
NIFTY NIFTYJUNIOR

S2
5834.45 11249.65

S1
5858.35 11293.75

PIVOT
5888.0 11340.9

R1
5911.9 11385.0

R2
5941.54 11432.15

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DAILY REPORT
27th SEPT. 2013

COMMODITY MCX
COMMODITY ROUNDUP Commodity benchmarks are on course in Q3, 2013 to the biggest quarterly gains in a year however, Barclays cautions that it is not due to any real recovery in the global economy. SNL Metals Economics Group (SNL MEG) Pipeline Activity Index (PAI), a barometer of drilling, mergers and exploration acitivites in mining industry, has fallen to the second lowest level in its history in August, suggesting that crisis in mining is far from over and may the PAI is searching for the bottom. Gold prices failed to extend yesterday's gains and moved lower by Rs 110 to Rs 30,105 per ten grams in futures trade Thursday as rupee strengthened against the dollar at the Interbank Foreign Exchange market. At the Multi Commodity Exchange (MCX), gold for delivery in October de-

RECOMMENDATIONS SILVER

TRADING STRATEGY: BUY SILVER ABOVE 48850 TGTS 49150/49450 SL 48450 SELL SILVER BELOW 48320TGTS 48020/47720 SL 48700 GOLD

clined by Rs 110 to Rs 30,105 per ten grams as against its previous close of Rs 30,215. Similarly, silver benchmark delivery dropped by Rs 251 to Rs 48,920 per Kg. Gold price in overseas markets, which normally set price trend on the domestic front, traded in a narrow range and largely held on to overnight gains of nearly 1 % as an upcoming Chinese holiday kept investors on the sidelines and their focus turned towards the US debt ceiling talks. Spot gold last quoted at USD 1,333.80 an ounce, down 0.02%, after gaining 0.8 % in the previous session. In New York, gold for December delivery rose USD 19.90 to settle at USD 1,336.20 an ounce on the Comex division of the NYMEX yesterday. Meanwhile, prices of both gold and silver declined in Delhi bullion market on reduced off take

TRADING STRATEGY: BUY GOLD ABOVE 29930 TGTS 30030/30130 SL 29810 SELL GOLD BELOW 29750 TGTS 29650/29550 SL 29860

amid a weak global trend. While gold declined by Rs 5 to Rs 30,540 per ten gram, silver dropped by Rs 335 to Rs 38,995 per kg on fall in demand from retailers and industrial units.

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DAILY REPORT
27th SEPT. 2013

NCDEX
NCDEX INDICES Index Value % Change

RECOMMENDATIONS CASTORSEED

Castor Seed Chana Chilli Coriander Cotton Seed Oilcake Jeera Mustard seed Ref Soya Oil Sugar M Grade Turmeric NCDEX ROUNDUP

3438 3007 5404 5616 1456 12950 3554 664.4 2893 4610

-1.21 -1.99 +0.86 -0.20 -0.75 -1.15 -0.17 -0.49 -0.72 -1.45

SELL CASTORSEED BELOW 3430 TG 3400,3360 SL 3470 BUY CASTORSEED ABOVE 3490 TG 3525,3550 SL 3470

Unica unveiled a drop in sugar output in Brazil's key Centre South producing region, as weather worries resurfaced. The industry group, which in April pegged the Centre South cane harvest at 589.6m tonnes, with sugar output seen at 35.5m tonnes, said it would on October 1 reveal revised projections. Onyx Solar has completed the installation of the largest photovoltaic skylight in the world, a PV double skylight sizing 27,500 sqf which was executed for the new Novartis Pharmaceuticals Corporation's headquarters in New Jersey, United States. Commodity returns were boosted with the easing of a number of potentially negative factors and the emergence of the some idiosyncratic risks in specific markets such as oil. Global oilseed crushing probably would surge to a record

DHANIYA

SELL DHANIYA BELOW 5590 TG 5550,5510 SL 5630 BUY DHANIYA ABOVE 5650 TG 5675,5710 SL 5610

in the next season as harvests accelerate in the Northern Hemisphere and production is set to rise in South America. About 401.08 million metric tons of 10 major oilseeds will be processed in the 2013-14.

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DAILY REPORT
27th SEPT. 2013

CURRENCY

RBI Reference Rate

Currency Rate Currency Rate

Rupee- $ Euro GBP/INR

62.2260 Yen-100 84.1073 GBP CURRENCY ROUNDUP

62.8400 100.0594

The dollar held firm in early Asian trade after U.S. jobless claims figures pointed to a improving labor market, reviving expectations of a reduction in U.S. monetary stimulus. The dollar held onto modest overnight gains in Asia. Stung by the rupee's recent collapse, the Reserve Bank of India (RBI) is taking a carrot-and-stick approach to curb trade in the offshore forwards market that is seen as a key source of wrenching currency volatility. However, with no viable alternative to trading in non-deliverable forwards (NDF) involving the rupee, the strategy is likely to have only a limited impact. The RBI recently met with a handful of foreign banks and asked them to stop acting as marketmakers for rupee NDFs. At the same time, it has held out the promise of easing restrictions to allow greater participation in the onshore forex market by overseas participants. The offshore market in the partially convertible rupee has flourished, with average daily trading volumes rising to about USD 5 billion a day earlier this year from a few hundred million dollars in 2006. Offshore rupee volumes have fallen by roughly half since then, while the rupee has also stabilized somewhat. Volumes in other emerging market NDFs have also fallen amid recent emerging market weakness. Central banks risk sparking new crises by keeping their loose policy in place for too long. There is a danger of bubbles forming around the globe, due to easy monetary policy implemented to steer the world back into a more robust growth path.

GBP/INR has closed @100.3475. If it breaks the level of 100.25, it can touch the level of 100.00 & 99.51. If it sustains above the level of 101.05, it can touch the level of 101.36 & 101.62. USD/INR

USD/INR has closed @62.5625. If it breaks the level of 62.45, it can touch the level of 62.25 & 61.90. If it sustains above the level of 63.05, it can touch the level of 63.35 & 63.58.

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DAILY REPORT
27th SEPT. 2013

CALL REPORT
PERFORMANCE UPDATES

Date 26/09/13 26/09/13 26/09/13 26/09/13 26/09/13 26/09/13 26/09/13 26/09/13 26/09/13 26/09/13 26/09/13 26/09/13 Date 26/09/13 26/09/13 26/09/13 26/09/13

Commodity/ Currency Pairs MCX GOLD MCX GOLD MCX SILVER MCX SILVER NCDEX CASTOR SEED NCDEX CASTOR SEED NCDEX DHANIYA NCDEX DHANIYA USD/INR EUR/INR USD/INR EUR/INR Scrip NIFTY BHEL SESA GOA SPARC

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

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

Entry Level 30290 30060 49560 49200 3450 3490 55650 5590 62.25 84.10 63.30 85.20 Entry Level 5900-5925 140 187.188 133

Target 30390-30490 29960-29860 49860-50160 48900-48600 3425-3390 3525-3550 5675-5710 5550-5510 61.99-61.56 83.80-83.21 63.57-64.08 85.54-85.80 Target 5850-5820 142-145 192-195 138-145

Stop Loss 30160 30290 49130 49560 30160 30290 5630 5630

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

Stop Loss 5980 137 185 127

Remark BOOKED PROFIT BOOKED FULL PROFIT BOOKED PROFIT NOT EXECUTED

US ECONOMIC REPORT TIME (ET) REPORT PERIOD ACTUAL

FRIDAY, SEPT.27 8:30 am 8:30 am 8:30 am 9:55 am Personal income Consumer spending Core PCE price index UMich consumer sentiment index Aug. Aug. Aug. Sept. 0.3% 0.3% 0.1% 77.5 0.1% 0.1% 0.1% 76.8

CONSENSUS FORECAST

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