DAILY REPORT

13th SEPT. 2013

YOUR MINTVISORY Call us at +91-731-6642300

Global markets at a glance

Asian markets were mostly higher on Thursday as inves-

tors took a breather after a rally at the start of the week,

but Tokyo slipped on profit-taking and a stronger yen.

Shanghai ended 0.64 per cent higher, adding 14.34 points

to 2,255.61, while Hong Kong was flat, edging up 16.58

points to 22,953.72. Japan's Nikkei fell as investors cashed

in after a more than four per cent rally since Monday .

U.S. stocks slipped on Thursday, ending seven straight days

of gains by the S&P 500 index as a drop in precious metal

prices dragged mining shares lower.

Wall Street Update

Wall Street provided a mostly positive lead, with the Dow

up 0.89 per cent and the S&P 500 rising 0.31 per cent.

However, the tech-driven Nasdaq dipped 0.11 per cent,

dragged down by a 5.4 per cent.

Previous day Roundup

The BSE mid and small cap indices managed to attract buy-

ing in mid-morning trade on Thursday as compared to over

150 points fall in the S&P BSE Sensex. The Nifty closed at

5,850.45, down 62.70 points or 1.06 per cent. It touched a

high of 5,932 and a low of 5,815.80 in trade yesterday. The

S&P BSE Midcap Index was down 0.09 per cent and the

S&P BSE Smallcap Index was 0.27 per cent higher. The 30-

share index ended at 19,785.63, down 211.82 points or

1.06 per cent. It touched a high of 20,052.05 and a low of

19,676.49 in trade yesterday.

Index stats

Bank Nifty & Bankex both declined 2.03%& 1.86% respec-

tively, while all the sectors also resulted downside closing

in yesterday’s session; Consumer Durables [down 109.39

pts], IT [down 96.45 pts], Oil & Gas [down 14.65pts], TECK

[down 55.48pts], PSU [down 88.11pts], Metals [down

218.71pts], Capital Goods [down 99.481pts], AUTO [down

199.14pts], Healthcare [down 12.15pts], except Power

[down 9.43pts] REALTY [up 6.92 pts], FMCG [up 21.43pts].

traded upward.

World Indices

Index Value % Change

D J l 15,300.64 -0.17

S&P 500 1,683.42 -0.34

NASDAQ 3,715.97 -0.24

EURO STO 2,862.98 +0.01

FTSE 100 6,588.98 +0.01

Nikkei 225 14,380.34 -0.05

Hong Kong 22,855.32 -0.43

Top Gainers

Company CMP Change % Chg

TATAPOWER 76.45 +2.80 3.80

IDFC 94.70 +2.45 .2.66

ITC 337.60 +7.65 2.32

GAIL 309.50 +2.03 2.03

RANBAXY 454.40 +5.30 1.18

Top Losers

Company CMP Change % Chg

JPASSOCIAT 38.20 -5.20 -11.998

INDUSINDBK 396.10 -23.70 -5.65

TATASTEEL 301.55 -14.15 -4.48

BHEL 134.90 -5.80 -4.12

ONGC 277.80 -11.50 -3.98

Stocks at 52 Week’s high

Symbol Prev. Close Change %Chg

ARVINDREM 52.20 +1.35 +2.65

GALLISPAT 156.00 +0.20 +0.13

HCLTECH 1,073.00 +6.45 +0.60

KPIT 76.70 +0.40 +0.52

MINDTREE 1,051.40 -7.05 -0.67

Top Losers

Company CMP Change % Chg

NIFTY 5,850.70 -62.45 -1.06

SENSEX 19,781.88 -215.57 -1.08

Stocks at 52 Week’s Low

Symbol Prev. Close Change %Chg

HUBTOWN 130.50 -16.75 -11.38

KIRLOSENG 150.35 -5.20 -3.34

DAILY REPORT

13th SEPT. 2013

YOUR MINTVISORY Call us at +91-731-6642300

STOCK RECOMMENDATIONS [FUTURE] 1. JP ASSOCIATE

JP ASSOCIATE is looking weak on charts, short build up has

been seen, we may see more downside, if it continues to

sustain below 38. We advise selling below 38 levels with

strict stop loss of 40 for the targets of 36-34 levels.

2. TATA MOTORS

TATA MOTORS is looking weak on charts, short build up

has been seen, we may see more downside, if it continues

to sustain below 340. We advise selling on rise around 338-

340 levels with strict stop loss of 350 for the targets of 330-

325 levels.

STOCK RECOMMENDATION [CASH] 1. TATA COMMUNICATION

TATA COMMUNICATION is looking strong on charts . We

advise buying above 182 with strict stop loss of 176 for the

targets of 185-188-192 levels.

MACRO NEWS India's industrial production jumped an unexpected 2.6 per-

cent in July after contracting for two straight months, it had

a 2.2 percent contraction in June. The manufacturing sec-

tor, which constitutes about 76 percent of industrial pro-

duction, rose 3.0 percent from a year earlier and Capital

goods production. rebounded by a robust 15.6 percent in

July.

EQUITY CASH & FUTURE

CORPORATE ACTION TODAY

SCRIP ACTION Rs. Per Share

NAGREEKEXP DIVIDEND 0.5

ISFT DIVIDEND 1

BASML DIVIDEND 2

SHIVAMAUTO DIVIDEND 4

HCIL DIVIDEND 0.1

SHIVTEX DIVIDEND 1.2

JINDALSTEL DIVIDEND 1.6

SAVERA DIVIDEND 1.2

AURIONPRO DIVIDEND 1.25

HINDCOPPER DIVIDEND 1

DAILY REPORT

13th SEPT. 2013

YOUR MINTVISORY Call us at +91-731-6642300

FUTURE & OPTION

MOST ACTIVE PUT OPTION

Symbol Option

Type

Strike

Price

LTP Traded

Volume

(Contracts)

Open

Interest

NIFTY PE 5,800 107.25 2.75,872 37.98,350

NIFTY PE 5,700 75.55 2,65,693 33,47,850

NIFTY PE 5,600 52.65 2,06,218 52,83,850

BANK NIFTY PE 9,500 139.75 10,301 2,06,625

SBIN PE 1,650 63.50 3,948 1,04,875

AXISBANK PE 1000 46.70 2,349 3,58,500

RELIANCE PE 880 27.00 2,468 1,40,750

JPASSOCIAT PE 35 1.45 2,981 48,80,000

MOST ACTIVE CALL OPTION

Symbol Option

Type

Strike

Price

LTP Traded

Volume

(Contracts)

Open

Interest

NIFTY CE 6,000 71.50 3,31,219 44,67,500

NIFTY CE 6,100 39.55 3,07,500 35,47,350

NIFTY CE 6,200 20.10 2,26,359 37,04,350

BANKNIFTY CE 11,000 98.15 13,752 1,43,350

SBIN CE 1,700 50.00 5,726 2,96,625

RELIANCE CE 900 16.80 5,296 6,39,250

IDFC CE 100 3.20 3,230 23,06,000

JPASSOCIAT CE 45 0.90 4,800 67,76,000

AXISBANK CE 1,050 40.10 2,933 2,51,000

FII DERIVATIVES STATISTICS

BUY OPEN INTEREST AT THE END OF THE DAY SELL

No. of

Contracts Amount in

Crores No. of

Contracts Amount in

Crores No. of

Contracts Amount in

Crores NET AMOUNT

INDEX FUTURES 65417 1895.45 77758 2239.02 481928 13780.89 -343.58

INDEX OPTIONS 618297 17669.46 644058 18451.07 2370272 69097.48 -781.62

STOCK FUTURES 85271 2158.04 96405 2468.30 1041939 28462.11 -310.26

STOCK OPTIONS 32223 807.37 31537 784.26 62958 1744.07 23.11

TOTAL -1412.34

INDICES S2 S1 PIVOT R1 R2

NIFTY 5749.96 5800.33 5866.16 5916.53 5982.36

NIFTYJUNIOR 10809.99 10927.54 11092.59 11210.14 11375.2

STOCKS IN NEWS Essar Energy gets $300 mn extra credit from Chi-nese Exim Bank, to repay bridge loan Diageo is now the single largest shareholder with 25% stake in United Spirits . Essar Energy gets $300 mn extra credit from Chi-nese Exim Bank, to repay bridge loan. India Infoline Fin to raise up to Rs 1,050cr via NCDs.

NIFTY FUTURE

Nifty Future as expected closed in the red in the last

trading session. We advise selling on rise around

5900-5920 with strict stop loss of 5960 for the targets

of 5880-5850 levels.

DAILY REPORT

13th SEPT. 2013

YOUR MINTVISORY Call us at +91-731-6642300

RECOMMENDATIONS

SILVER

TRADING STRATEGY: SELL SILVER DEC BELOW 50800 TG 50000, 49500 SL 51550 BUY SILVER DEC ABOVE 49800 TG 50600 50900 SL 49000

GOLD

TRADING STRATEGY: BUY GOLD OCT ABOVE 29900 TG 30180,30270 SL 29850 SELL GOLD OCT BELOW 30250 TG 29850, 29550 SL 30280

COMMODITY ROUNDUP

Yesterday MCX gold declined to one month low tracking

bearish trend in the international market. MCX gold fu-

tures for October delivery was seen trading down by

0.86% at Rs.30417 per 10 grams as of 15.28 IST on Thurs-

day. Gold in the international market recorded a decline of

19% this year amid concerns that the US Central Bank

would start reducing its monetary stimulus program. Hold-

ings at the SPDR Gold Trust, were remain unchanged for a

second day at 917.13 metric tons on Wednesday. The

trend in silver futures for December delivery on India's

MCX was bearish. MCX silver futures for December deliv-

ery was seen trading down by 1.16% at Rs. 51832 per kg as

of 15.52 IST.

MCX crude oil futures for September delivery was seen

trading up by 1.17% at Rs. 6945 per barrel as of 16.50 IST

yesterday. US crude oil prices edged up yesterday sup-

ported by a decline in US crude oil stock-piles amid uncer-

tain picture on crude oil supply from the Middle East. US

commercial crude oil inventories (excluding those in the

Strategic Petroleum Reserve) decreased by 0.2 mn barrels

from the previous week. US crude oil inventories at the

Cushing, Oklahoma, hub fell for the 10th straight week, as

per EIA estimates.

Copper prices edged down in the global market on Thurs-

day amid weak data releases from Europe and concerns

that US Central Bank may start reducing its 'commodity

friendly' monetary stimulus later this month. Copper

stockpiles at LME accredited warehouses fell for a sixth

session to 579,750 tons, as per the daily data. Orders to

withdraw the base metal from warehouses, declined 1.9%

to 281,525 tons. Lead witnessed a sharp decline on Lon-

don Metal Exchange (LME) on Thursday. However, depre-

ciation of Indian Rupee against US Dollar (USD) limited fur-

ther decline in the base metal prices to certain extent in

Indian futures market.

COMMODITY MCX

DAILY REPORT

13th SEPT. 2013

YOUR MINTVISORY Call us at +91-731-6642300

RECOMMENDATIONS CASTORSEED

BUY CASTORSEED OCT ABOVE 3765 TG 3790,3840 SL 3720 SELL CASTORSEED OCT BELOW 3730 TG 3700,3660 SL 3770

DHANIYA

BUY DHANIYA OCT ABOVE 5850 TG 5880,5940 SL 5810 SELL DHANIYA OCT BELOW 5780 TG 5750,5710 SL 5825

NCDEX ROUNDUP

US soybean futures were seen exhibiting positive trend

ahead of USDA crop estimates supported by speculation

that a reduction in the USDA estimates may result in rise in

demand. Soybean futures for November delivery on CBOT

was seen trading up by 0.22% at $1361 per bushel as of

13.54 IST on Thursday. US soybean ending stocks for 2013-

14 season may have declined in between 165 and 170 mn

bushels in USDA September crop estimates, lower when

compared to the previous crop estimates of 220 mn bush-

els. Soybean futures on NCDEX for October delivery edged

up on Thursday and was seen trading bullish. NCDEX soy-

bean futures for October delivery was seen trading up by

0.95% at Rs.3450.5 per 100 kgs as of 14.09 IST.

India chana (Chickpea) futures was seen continuing their

slight upward movement supported by short covering on

Thursday.

A weaker than expected spot market demand ahead of

festive demand was seen pressuring the commodity prices

to certain extent. In value terms, India imported $2.3 bil-

lion worth pulses in 2012-13, higher when compared to

the $1.85 billion worth imports recorded in the previous

NCDEX

NCDEX INDICES

Index Value % Change

Castor Seed 3601 +0.33

Chana 3123 +3.96

Chilli 4778 +1.96

Coriander 5620 +3.01

Cotton Seed Oilcake 1739 +3.95

Jeera 13365 +1.46

Mustard seed 3495 +1.60

Ref Soya Oil 682.15 +0.12

Sugar M Grade 3006 +0.23

Turmeric 4582 -2.80

DAILY REPORT

13th SEPT. 2013

YOUR MINTVISORY Call us at +91-731-6642300

EUR/INR

EUR/INR has closed @85.11000. If it breaks below the

level of 84.05, it can touch the level of 83.37 & 83.00. If it

sustains above the level of 85.70, it can touch the level of

86.10 & 86.71.

JPY/INR

JPY/INR has closed @64.4500. If it breaks below the level

of 63.20, it can touch the level of 62.80 & 62.45. If it sus-

tains above the level of 64.90, it can touch the level of

65.42 & 65.92.

CURRENCY ROUNDUP

The rupee fell on Thursday, after five days of gains, on

heavy dollar demand from oil marketing companies. The

rupee ended at 63.50/51 to the dollar versus 63.38/39 last

close. It rose to 62.92 in the session, its strongest level

since Aug. 19. 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 Ex-

change all closed around 63.94 with a total traded volume

of $3.4 billion. The rupee has been on a recovery trail

helped by recent steps like the passage of the pension bill

in parliament & the central bank providing a concessional

swap facility to banks to attract overseas deposits from

NRIs.

The dollar fell to 99.54 yen, compared with 99.92 yen late

in New York and well off the 100.50 yen seen on Wednes-

day in Tokyo. The euro fetched $1.3302 and 132.40 yen

against $1.3314 and 133.03 yen in US trade. In the off-

shore non-deliverable forwards, rupee spot was at 63.36,

one month contract was at 64.17, while three-month was

at 65.43. Yield on 10-year 7.16% G-sec went up to 8.50%

from its previous close of 8.48%.

State-run banks bought dollars likely for government de-

fence needs India will talk to Iran about paying for its oil

imports fully in rupees after the Middle Eastern nation

ended a brief trial of the mechanism and reverted to a sys-

tem of partial rupee payments. India wants to use its local

currency, which has declined sharply against the dollar, to

settle imports and save foreign exchange. the rupee has

slumped as much as 20 percent this year, it said rated In-

dian non-financial companies should be able to meet their

$32.8 billion in debt coming due through March 2014.

CURRENCY

RBI Reference Rate

Currency Rate Currency Rate

Rupee- $ 63.6673 Yen-100 64.1000

Euro 84.7230 GBP 100.7089

DAILY REPORT

13th SEPT. 2013

YOUR MINTVISORY Call us at +91-731-6642300

CALL REPORT

Disclaimer

US ECONOMIC REPORT

PERFORMANCE UPDATES

Date Commodity/ Currency

Pairs Contract Strategy Entry Level Target Stop Loss Remark

12/09/13 MCX GOLD OCT. BUY 30750 30850-30950 30650 BOOKED PROFIT

12/09/13 MCX SILVER DEC. BUY 52800 53000-53200 52500 NOT EXECUTED

12/09/13 MCX GOLD OCT. SELL 30500 30400-30300 30600 BOOKED FULL PROFIT

12/09/13 MCX SILVER DEC. SELL 52000 51800-51600 52300 BOOKED FULL PROFIT

12/09/13 NCDEX CASTOR SEED SEP BUY 3755 3780-3820 3710 BOOKED PROFIT

12/09/13 NCDEX CASTOR SEED SEP SELL 3720 3695-3650 3765 SL TRIGGERED

12/09/13 NCDEX DHANIYA SEP BUY 5715 5690-5650 5750 BOOKED PROFIT

12/09/13 NCDEX DHANIYA SEP SELL 5672 5650-5610 5710 NOT EXECUTED

12/09/13 EUR/INR SEP SELL 83.90 83.37.82.71 NOT EXECUTED

12/09/13 JPY/INR SEP SELL 63.00 62.69-62.09 NO PROFIT NO LOSS

12/09/13 EUR/INR SEP BUY 85.90 86.37-87.00 NOT EXECUTED

12/09/13 JPY/INR SEP BUY 64.50 64.90-66.42 NOT EXECUTED

Date Scrip

CASH/

FUTURE/

OPTION

Strategy Entry Level Target Stop Loss Remark

12/09/13 NIFTY FUTURE BUY 5880-5900 5950-5980 5850 SL TRIGGERED

12/09/13 HAVELLS FUTURE BUY 645-650 660-680 625 SL TRIGGERED

12/09/13 BANK OF NDIA FUTURE BUY 170 173-175 164 BOOKED PROFIT

12/09/13 FINANCIAL TECH CASH BUY 192 1989-205 183 BOOKED FULL PROFIT

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TIME (ET) REPORT PERIOD ACTUAL CONSENSUS FORECAST PREVIOUS

FRIDAY, SEPT. 13

8:30 am Retail sales Aug. 0.3% 0.2%

8:30 AM RETAIL SALES EX-AUTOS Aug. 0.3% 0.5%

8:30 am Producer price index Aug. 0.2% 0.0%

8:30 AM CORE PPI Aug. 0.2% 0.1%

9:55 am UMich consumer sentiment index Sept. -- 82.1

10 AM BUSINESS INVENTORIES July 0.3% 0.0%