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DAILY REPORT

13 JANUARY. 2013

Global markets at a glance Asian share and bond markets were in a cautious mood on Monday in the wake of surprisingly weak U.S. jobs numbers that revived speculation the Federal Reserve could keep policy loose for longer. Friday's soft report pulled down bond yields and the dollar, while lifting prices for gold and many commodities. It was also seen as beneficial for some emerging market countries that had been pressured by funds flocking to western assets. Wall Street Update Wall Street had a more muted reaction to the data, with the Dow .DJI off 0.05 percent, while the S&P 500 .SPX gained 0.23 percent. The S&P 500 and the Nasdaq ended modestly higher on Friday, led by gains in defensive names after a weakerthan-expected payrolls report raised new questions about both the strength of the economy and the aggressiveness of Federal Reserve stimulus. Previous day Roundup The Sensex rose 45.12 points to close at 20,758.49, and the Nifty gained 3.10 points at 6,171.45. Declining shares outnumbered advancing ones by a ratio of 1491 to 1025 on the BSE. Caution in the market is also ahead of November industrial output data that will be announced . The IIP is expected to come in at a growth of around 0.6 percent versus a decline of 1.8 percent on a month to month basis. It was completely a mixed picture on the first day of third quarter earnings season Index stats The Market was very volatile in yesterday session where Bankex and Bank Nifty both closed almost flat (down193.33ptsanddown 165.15pts respectively). Among the sartorial indices almost the sectors which were down are; Capital Goods [down 122.58pts], AUTO [down53.45 pts], PSU [down-48.54 pts], Metals [down 148.05pts], Power [down22.50 pts], [down-75.53 pts], and the index advanced were Consumer Durables IT [up197.7 pts], Healthcare [up 19.22pts], FMCG [up 92.71pts] Realty [up pts], CK [up pts]. Oil & Gas [up 49.87 pts],

World Indices
Index DJl S&P 500 NASDAQ EURO STO FTSE 100 Nikkei 225 Hong Kong Value 16,437.05 1,842.37 4,174.67 3,104.15 6,739 15,912.05 22,890.38
CMP Change

% Change -0.05 +0.23 +0.44 +0.45 +0.73 +0.20 +0.19


% Chg

Top Gainers
Company

INFY ITC TCS WIPRO DRREDDY

3556.00 322.60 2290.00 552.00 2625.50


CMP

105.20 7.00 48.05 11.10 38.60


Change

3.05 2.22 2.14 2.05 1.49


% Chg

Top Losers
Company

INDUSINDBK IDFC COALINDIA RANBAXY M&M

403.60 98.30 288.00 462.50 872.65

-13.20 -3.20 -7.65 -12.10 -21.70

-3.17 -3.15 -2.59 -2.55 -2.43

Stocks at 52 Weeks high


Symbol Prev. Close Change %Chg

BFUTILITIE MCDOWELL-N DRDEDDY GATI HCL TECH

623.90 2793.00 2625.50 56.55 1299


Prev. Close

31 85.40 28.60 5.10 13.75


Change

4.97 3.15 1.49 9.91 1.07


%Chg

Stocks at 52 Weeks Low


Symbol

--

Indian Indices
Company NIFTY SENSEX CMP Change % Chg

6171.45 20758.49

3.10 45.12

0.05 0.22

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DAILY REPORT
13 JANUARY. 2013

EQUITY CASH & FUTURE

STOCK RECOMMENDATIONS [FUTURE] 1.TCS FUTURE

STOCK RECOMMENDATION [CASH] 1. ECLERX SERVICES LTD

TRADING STRATEGY: TCS FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sustains above 2280 levels. We advise buying above 2280 levels with strict stop loss 2250 for the sustains above 2280 levels. We advise buying above 2280 levels with strict stop loss 2250 for the targets of 2310-2340 levels. 2.ITC FUTURE

ECLERX SERVICES LTD is looking strong on charts. We advice buying above 1115 levels with strict stoploss of 1080 for the targets of 1140-1180 levels. MACRO NEWS Oil Minister M Veerappa Moily has said the government is considering increasing the quota of subsidized LPG cylinders to 12 per household per year. Mr Moily, who last week said there was no proposal to increase the quota from 9 cylinders per household to 12, on Sunday said the final decision on the issue will be taken by the Cabinet Committee on Political Affairs (CCPA) The Reserve Bank of India, under Governor Raghuram Rajan, seems to have changed its strategy when it comes to defending the fragile rupee and managing liquidity. The central bank, which earlier used to sell dollars in the local markets, is now increasingly buying the US currency in the spot market and selling it in the forward market. The revised strategy seems to be having a bearing on the non-deliverable forwards, or NDF, market. the Cabinet Committee on Investment's threshold limit by half to Rs 500 crore to get more stalled projects moving again as the government's term nears its end.

TRADING STRATEGY: ITC FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sustains above 325 levels. We advise buying around 323-325 levels with strict stop loss 319 for the targets of 329-334 levels.

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DAILY REPORT
13 JANUARY. 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 6,200 6,100 6,000 1,600 3,500 3400 Strike Price 6,300 6,400 6,200 11,500 1,700 900 1,700 860 3,600 LTP Traded Volume (Contracts) 4,81,281 4,51,059 3,07,456 25,517 5,704 24,033 14,297 26,648 Traded Volume (Contracts) 5,45,480 3,39,134 4,34,186 42,046 9,186 7,158 9,186 6,369 28,973 Open Interest 43,80,400 51,91,750 55,41,500 2,39,525 2,33,000 5,18,875 64,625 8,47,625 Open Interest 53,15,050 49,12,750 40,95,850 3,50,600 7,32,125 15,44,000 7,32,125 5,84,750 6,01,125

NIFTY NIFTY NIFTY BANK NIFTY SBIN INFY BANK NIFTY INFY Symbol

91.95 51.95 27.50 44.85 34.10 14.00 LTP

10,500 112.00

10,800 213.35

STOCKS IN NEWS Infosys' adjusted net profit rose 19.4%, higher-thanexpected, QoQ to Rs 2875 cr in Q3 Manappuram Bank of America Merrill Lynch has upgraded the stock to buy and upped target by 91% to Rs 25/share Larsen CLSA has an outperform rating on stock and raises target to Rs 1,150 MSCI deletes Jubilant Food Works from Small cap index w.e.f January 14 Goa Carbon Operations at cos Chattisgarh plant has temporarily shut down due to non-availability of raw material NIFTY FUTURE

MOST ACTIVE CALL OPTION

NIFTY NIFTY NIFTY BANKNIFTY SBIN RELIANCE SBIN RELIANCE INFY

31.60 12.20 68.95 46.80 15.85 7.00 15.85 19.00 42.25

Nifty Future closed in the red in the last trading session after a choppy session. We buying around 6150-6160 levels with strict stop loss of 6100 for the targets of 6190 -6240 levels.

FII DERIVATIVES STATISTICS


BUY SELL OPEN INTEREST AT THE END OF THE DAY Amount in Crores
13030.51 35345.28 31418.30 2270.90

No. of Amount in No. of Amount in No. of Contracts Crores Contracts Crores Contracts INDEX FUTURES INDEX OPTIONS STOCK FUTURES STOCK OPTIONS
40292 295953 51552 44864 1212.50 8952.98 1672.86 1477.21 55266 297903 51245 45648 1664.66 9064.18 1713.28 1518.12 425906 1151282 1003181 70261

NET AMOUNT
-452.16 -111.20 -40.42 -40.91

TOTAL

-644.68

INDICES
NIFTY NIFTYJUNIOR BANK NIFTY YOUR MINTVISORY

S2
6128.41 12478.91 10830.18

S1
6148.38 12541.83 10900.31

PIVOT
6168.21 12640.71 10995.28

R1
6188.18 12703.63 11065.41

R2
6208.01 12802.51 11160.38

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DAILY REPORT
13 JANUARY. 2013

COMMODITY MCX
COMMODITY ROUNDUP Spot gold prices rose around 0.5 percent today ahead of the jobs data from the US in the evening session. However, declining trend in SPDR gold holdings, mixed market sentiments along with strength in the DX capped sharp gains in prices. In the Indian markets, prices fell by around 0.1 percent owing to Rupee appreciation. Spot Silver prices jumped by more than 1 percent today taking cues from gains in gold prices and base metals complex. Strength in the DX coupled with mixed market sentiments could not cap gains in silver prices. MCX Silver prices gained around 0.2 percent but Rupee appreciation capped sharp positive movement. Base metals pack on the LME traded on a positive note on the back of rise in Chinese metal imports. Also, decline in LME inventories coupled with positive data from the Euro Zone acted as supportive factors. However, strength in the DX restricted sharp negative movement. In the Indian markets, base metals traded lower owing to Rupee appreciation LME Copper rose by around 0.4 percent taking cues from positive import figures from China. Also, decline in LME copper inventories for the 47thconsecutive session by 1.3 percent to 343,875 tones along acted as positive factors. In the Indian markets, prices gained 0.1 percent. Nymex crude oil prices gained around 1 percent today as China, the second biggest oil consumer boosted net crude imports to a record high of 6.31 million barrels a day in Dec13 as two new refineries prepared to begin operations. MCX crude prices rose by around 0.6 percent touching an intra-day high of Rs.5716/bbl till 4:00pm IST. India has exported 851.000 tons of rice to Iran, its biggest rice importer, according to Iran Daily. Figures showed that India's rice exports to Iran have boosted by 77 percent in the first six months of the current Iranian year. Indian trade sources expect the country to export 4 million tons of rice in the current Indian fiscal year (April 2013-March 2014).

RECOMMENDATIONS SILVER

TRADING STRATEGY: BUY SILVER ABOVE 45100 TGTS 45350/45700 SL 44800 SELL SILVER BELOW 44600 TGTS 44350/44000 SL 44900 GOLD

TRADING STRATEGY: BUY GOLD ABOVE 29100 TGTS 29180/29300 SL 29000 SELL GOLD BELOW 28850 TGTS 28770/28650 SL 28950

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DAILY REPORT
13 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 TRADING STRATEGIES BUY CASTORSEED FEB ABOVE 4500 TGTS 4530,4580 SL 4450 SELL CASTORSEED FEB BELOW 4395 TGTS 4365,4315 SL 4445 DHANIYA Turmeric Turmeric NCDEX ROUNDUP

4385 3005 7783 1545 12555 1185 3578 3597 6832 6352

-0.34 0.3 -2.11 0 0.26 -0.84 -0.28 -1.65 1.67 +0.44

Jeera futures closed the day lower on weak spot market triggered by reports of improving sowing. The NCDEX Jeera March delivery ended the day at Rs 12,540, down Rs 25 or 0.20% over last close. Jeera slipped further at major mandies today amid dearth of upcountry orders. Prices had dropped in last week of December as latest reports suggested that the Jeera sowing is turning normal after weather disturbances in Gujarat and some southern states. Pepper futures slipped for the six trading sessions on the back of reports of Vietnam easing the prices of new crops and arrivals of Indian crops in the local market. The NMCE pepper for the February delivery ended the day at Rs 51200, down Rs 250 or 0.49% over Friday's close. India has exported 851.000 tons of rice to Iran, its biggest rice importer, according to Iran Daily. Figures showed that India's rice exports to Iran have boosted by 77 percent in the first six months of the current Iranian year. Indian trade sources expect the country to export 4 million tons of rice in the current Indian fiscal year (April 2013-March 2014).

TRADING STRATEGIES BUY DHANIYA FEB ABOVE 8150 TGT 8180,8130 SL 8100 SELL DHANIYA FEB ABOVE 8050 TGT 8020,7970 SL 8100

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DAILY REPORT
13 JANUARY. 2013

CURRENCY

RBI Reference Rate


Currency Rate Currency Rate

Rupee- $ Euro EUR/INR

61.936. Yen-100 84.3050 GBP CURRENCY ROUNDUP

59.0100 102.06

The Indian rupee strengthened to its highest against the dollar in more than a week on Friday on bets that data will show an improving economy and faltering inflation, boosting confidence in the country's outlook. India is due to post industrial output later in the day, with analysts expecting a return to modest growth, and is due to post wholesale and consumer prices data next week amid expectations vegetable prices have eased. That is helping raise confidence about the economy, thus supporting foreign inflows and domestic shares, both key factors for the rupee. Data showing India's trade deficit widened to $10.14 billion in December compared with $9.22 in November had little impact given it came within expectations. If inflation data is better than expectations and rupee breaks 61.80 levels strongly then it could head towards 61.40 but I don't see it breaching 61 soon The partially convertible rupee closed at 61.89/90 per dollar compared with 62.07/08 on Thursday. The unit rose as high as 61.83, its strongest since Jan. 2. Indian shares provisionally edged up on Friday after touching their highest intraday level in nearly a week as software services exporters rose after Infosys Ltd's quarterly earnings beat market expectations. In the offshore non-deliverable forwards, the one-month contract was at 62.27 while the three-month was at 63. apan and India on Friday expanded an arrangement for swapping their local currencies against the US dollar, raising the size to as much as USD 50 billion from the original USD 15 billion. The expanded swap arrangement, signed by Bank of Japan Governor Haruhiko Kuroda and his Indian counterpart Raghuram Rajan, will be effective until December 2015, the BOJ said in a statement on Friday The swap arrangement aims to counter any short-term liquidity problems the two countries may face in future

SELL EUR/INR BELOW 84.28 TGTS 84.14, 84.00 SL 84.64. BUY EUR/INR ABOVE 84.69 TGTS 84.83, 85.01 SL 84.33. GBP/INR

SELL GBP/INR BELOW 101.70 TGTS 101.55, 101.38 SL 102.09. BUY GBP/INR ABOVE 102.54 TGTS 102.71, 102.91 SL 102.15.

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DAILY REPORT
13 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 USD/INR USD/INR JPY/INR JPY/INR Contract Strategy Entry Level Target Stop Loss Remark

10/01/14 10/01/14 10/01/14 10/01/14 10/01/14 10/01/14 10/01/14 10/01/14 10/01/14 10/01/14 10/01/14 10/01/14

FEB. FEB. MAR. MAR. JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. CASH/ FUTURE/ OPTION FUTURE FUTURE FUTURE FUTURE FUTURE CASH CASH

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

28900 28690 44260 43650 4500 4410 8350 8110 62.15 62.47 59.21 56.67

28980-29080 28610-28510 44460-44760 43450-43150 4530-4580 4380-4330 8380-8430 8080-8030 62.02-61.89 62.61-62.79 59.08-58.90 59.82-60.01

28780 28800 43860 44050 4450 4460 8300 8160 62.51 62.12 59.56 59.32

BOOKED FULL PROFIT NOT EXECUTED BOOKED FULL PROFIT NOT EXECUTED NOT EXECUTED SL TRIGGEDED NOT EXECUTED BOOKED FULL PROFIT BOOKED PROFIT NOT EXEXCUTED BOOKED PROFIT NOT EXECUTED

Date

Scrip

Strategy

Entry Level

Target

Stop Loss

Remark

10/01/14 09/01/14 07/01/14 10/01/14 08/01/14 10/01/14 09/01/14

NIFTY NIFTY NIFTY SUNPHARMA TATASTEEL MUTHOOTFIN GRAVITA

BUY SELL SELL BUY SELL BUY BUY

6150 6170 6200 610 395-400 130 46

6200-6250 6140-6120 6150-6110 620-630 388-382 137-145 50-54

6100 6200 6250 600 408 123 41

BOOKED FULL PROFIT SL TRIGGRED SL TRIGGRED CALL OPEN BOOKED PROFIT BOOKED FULL PROFIT CALL OPEN

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DAILY REPORT
13 JANUARY. 2013

ECONOMIC CALENDAR

NEXT WEEK'S U.S. ECONOMIC REPORTS TIME (ET) REPORT PERIOD MONDAY, JAN .13 2 PM 10 am FEDERAL BUDGET Factory orders DEC. Nov. TUESDAY,JAN .14 8:30 AM 8:30 AM 8:30 AM 10 AM RETAIL SALES RETAIL SALES EX-AUTOS IMPORT PRICE INDEX BUSINESS INVENTORIES DEC. DEC. DEC. NOV. WEDNESDAY, JAN.15 8:30 AM 8:30 AM 8:30 AM PRODUCER PRICE INDEX CORE PPI EMPIRE STATE INDEX DEC DEC. JAN. THURSDAY, JAN.16 8:30 AM 8:30 AM 8:30 AM 10 AM 10 AM WEEKLY JOBLESS CLAIMS CONSUMER PRICE INDEX CORE CPI HOME BUILDERS' INDEX PHILLY FED 1/11 DEC. DEC. JAN. JAN. FRIDAY, JAN.17 8:30 AM 9:15 AM 9:15 AM 9:55 AM HOUSING STARTS INDUSTRIAL PRODUCTION CAPACITY UTILIZATION UMICH CONSUMER SENTIMENT INDEX DEC. DEC. DEC. JAN. Disclaimer 1.01 MLN 0.2% 79.0% 85.0 1.091 MLN 1.1% 79.0% 82.5 N/A 0.3% 0.1% N/A 9.4 330,000 0.0% 0.2% 58 7.0 . 0.4% 0.2% 4.3 -0.1% 0.1% 1.0 -0.1% 0.4% 0.5% 0.3% 0.7% 0.4% -0.6% 0.7% -1.6% -$1 BLN -0.9% ACTUAL CONSENSUS FORECAST PREVIOUS

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