4th March 2014

INDEX PREV. CLOSING % CHANGE DAILY TREND

NIFTY 6221.45 -0.88% SIDEWAYS NIFTY FUT. 6239.45 -0.79% SGX CNX NIFTY INDEX FUT. (8:15.am.) 6240.00 +0.22%

OUTLOOK FOR THE DAY

The market is likely to open flat taking cues from global markets. Asian stocks swung between gains and losses, after the regional index yesterday capped its first back-to-back declines in a month, as investors weighed the crisis in Crimea and ahead of the National People’s Congress annual meeting in China starting tomorrow. The U.S. stock market fell sharply Monday as political tensions between Ukraine and Russia over the Crimean peninsula pushed investors to move into safe havens. As per provisional figures, foreign institutional investors (FIIs) bought shares worth a net Rs 198.53 crore on 3rd March 2014. Domestic institutional investors bought shares worth Rs 1566.31 crore on that day.

INTERNATIONAL MARKET

INDEX CLOSING

(SPOT)

CHANGE

(%)

US MARKETS NASDAQ COMPOSITE 4277.30 -0.72% DOW JONES 16168.03 -0.94% US MARKETS (FUTURE) NASDAQ 100 3675.25 +0.18% DOW JONES 16172.00 0.15% ASIAN MARKETS HANG SENG INDEX 22602.67 +0.45% NIKKEI 225 14702.60 +0.34% SHANGHAI COMP. INDEX 2069.04 -0.30%

SECTOR TO WATCH TODAY

Sectors to Outperform Capital Goods & Consumer Durables

Sectors to Underperform FMCG & Healthcare

MACRO NEWS US construction spending edged up 0.1 percent to a seasonally adjusted annual rate of $943.1 billion in January from the revised December estimate of $941.9 billion. The modest increase came as a surprise to economists, who had been expecting construction spending to drop by about 0.5 percent.

INTRADAY TECHNICAL PICKS Stock Name Buy/Sell Range Pr. Close Target 1 Target 2 SL ADANIENT BUY 261-262 263.90 270 274 258 SIEMENS BUY 618-619 620.70 638 645 610 HINDUNILVR SELL 545-546 542.50 530 525 552

NIFTY SNAPSHOT CURRENT PREVIOUS Nifty Spot 6221.45 6276.95 Nifty Mar 6239.45 6289.25 Nifty Apr 6274.45 6325.65 Chg. OI (Mar) (%) -1.84 0.72 Chg. OI (Apr) (%) 5.43 16.12 Implied Volatility (%) 13.79 12.17 Nifty Support 6180 6180 Nifty Resistance 6350 6350 50 Day EMA 6185 6184 100 Day EMA 6173 6170 200 Day EMA 5988 5987 Put-Call Ratio 1.14 1.10 Historical Volatility (%) 14.54 14.50 Volatility Index 15.28 14.18

NIFTY STRATEGY

NIFTY-TECHNICAL OUTLOOK Today the Markets are likely open on flat note. All emerging Markets are trading mixed. The coming session is likely to witness a range of 6180 on declines and 6350 on advances. WORLD APRKET COMMENTARY In last session all leading American indices like Dow Jones Industrial Average, NASDAQ index and the S&P 500 (SPX) ended in red. Dow was down by 0.94% and closed at 16168; S&P 500 was shed by 0.74% at 1846. European indices ended in red. FTSE was down by 1.49%, DAX shed by 3.44% & CAC 40 was down by 2.66%. Today major stock markets in Asia are trading mixed. Shanghai Composite is down by 0.53% at 2064 and Hang Seng is up by 0.22% at 22550. Japan’s Nikkei is up by 0.32% at 14699 and Singapore’s Straits Times up by 0.29% at 3096. Singapore Nifty future is currently up by 14 point at 6240.

SECURITY IN BAN PERIOD No security is in ban period for trade date Mar 04, 2014 F&O segment.

We recommend the following trading strategy: Buy 1 Lot Mar Month Nifty 6200 PE around 74. Sell 1 Lot Mar Month Nifty 6100 PE around 44. Strategy Stop Loss: 15 (6200 PE + 6100 PE). Lot size: 50 Max Profit: 3500 (70*50) Max Loss: 1500 (30*50)

FII’S ACTIVITY IN F&O IN LAST TEN SESSIONS (DERIVATIVE SEGMENT)

BASIS GAP IN NIFTY

NIFTY CHANGE IN OPEN INTREST

FII’S ACTIVITY IN F&O IN LAST SESSION (DERIVATIVE SEGMENT)

NIFTY TOTAL OPEN INTEREST

239.42

1247.23

467.50

-653.52

407.75

882.48

1890.77

1914.37

970.86

395.31

-1000.00

-500.00

0.00

500.00

1000.00

1500.00

2000.00

2500.00

17

-Feb

18

-Feb

19

-Feb

20

-Feb

21

-Feb

24

-Feb

25

-Feb

26

-Feb

28

-Feb

03

-Mar

17.9

11.7

6.3

16.5

8.5 7.1 9.0

33.95

12.3

18

0

5

10

15

20

25

30

35

40

17

-Feb

18

-Feb

19

-Feb

20

-Feb

21

-Feb

24

-Feb

25

-Feb

26

-Feb

28

-Feb

03

-Mar

-2000000

200000400000600000800000

10000001200000

57

00

58

00

59

00

60

00

60

50

61

00

62

00

63

00

64

00

65

00

Call Put

Buy50.78%

Sell49.22%

0

1000000

2000000

3000000

4000000

5000000

6000000

56

00

57

00

58

00

59

00

60

00

61

00

62

00

63

00

64

00

65

00

66

00

Call Put

FII’s are net buyer in (F&O segment) last

session by INR 395.31 crores.

Nifty Mar futures closed at a premium of

18.00 points.

Maximum Call for Mar month stands at the

levels of 6300.

Maximum Put for Mar month stands at the

levels of 6200.

Nifty is down by 0.88% and open interest

shed by 1.84%.

REC0MMENDATIONS:

ITC View: Bullish CMP: 330.30

On the daily chart, stock closes on upside range.

Momentum oscillators are neutral to positive.

We recommend to:

Buy Mar 340 Call at 3.60-3.80

Target: 8.00

Stop Loss: 2.20

Lot size: 1000

JINDALSTEL View: Bullish CMP: 244.05

On the daily chart, stock closes above 20 days moving

average. Momentum oscillators are neutral to positive.

We recommend to:

Buy Mar 250 Call At 7.00-7.20

Target: 14.00

Stop Loss: 5.60

Lot size: 1000

SBIN View: Bearish CMP: 1509.40

On the daily chart, stock makes upside shadow in

last session. Momentum oscillators are neutral to

negative.

We recommend to:

Buy Mar 1450 Put At 22.00-22.50

Target: 55.00

Stop Loss: 12.00

Lot size: 125

STOCKS TREND ON DAILY CLOSING LEVELS FOR SHORT TERM

STOCKS CLOSING

PRICE TREND DATE TREND

CHANGED RATE TREND

CHANGED CLOSING

STOP LOSS S&P Nifty 6221 UP 10.09.13 5897 5900

CNX IT Index 10209 Up 12.07.13 7249 9400 CNX Bank Index 10652 Down 29.01.14 10438 11000

A.C.C 1102 UP 28.02.14 1108 1040 AMBUJA CEMENT 167 Down 14.01.14 168 180 ASIANPAINT* 472 UP 20.09.13 491 455 AXIS BANK 1254 UP 02.12.13 1187 1060 BAJAJ AUTO 1919 Down 03.02.14 1829 1970 BANKBARODA 543 Down 30.01.14 532 620 BHARTI ARTL 286 Down 16.12.13 314 320

BHEL 163 UP 05.09.13 138 148 BPCL * 377 UP 30.10.13 362 320 CAIRN 328 Up 26.08.13 317 305 CIPLA 376 Down 13.02.14 381 400 COALINDIA 245 Down 17.01.14 272 280 DLF 139 Down 27.01.14 140 160

DRREDDY 2818 Up 17.07.12 1705 2400

GAIL 369 UP 20.09.13 342 320 GRASIM 2525 Down 03.02.14 2502 2700 HCL TECH 1504 Up 24.01.12 427 1200 H.D.F.C 816 Up 19.09.13 832 760 HDFC BANK 665 UP 11.10.13 660 600 HEROMOTOCO 1957 Up 26.07.13 1869 1850

HINDALCO 106 Down 04.02.14 102 108 HINDUNILVR 543 Down 16.08.13 599 610 ICICI BANK 1027 Down 30.01.14 981 1060 IDFC 95 Down 27.01.14 92 105 INDUSIND 391 Down 29.01.14 380 430 INFOSYS 3795 Up 12.07.13 2804 3500 ITC 329 DOWN 06.11.13 319 330

JIND STL & PWR 242 Down 13.02.14 234 260 JP ASSOCIATES 40 Down 27.01.14 40 50

KOTAK BANK 669 Down 27.01.14 656 730 LT 1098 UP 19.09.13 890 1020 LUPIN 980 UP 04.09.13 879 820 M&M 952 UP 29.10.13 901 830 MARUTI 1583 Down 28.01.14 1543 1700

NMDC 129 UP 26.09.13 127 125 NTPC 111 Down 03.01.14 132 135 ONGC 291 UP 31.10.13 293 268 PNB 539 UP 01.11.13 571 500 POWERGRID 95 Down 14.02.13 106 105 RANBAXY 360 UP 19.02.14 361 330

RELIANCE 804 Down 30.01.14 826 860 SBI 1516 Down 16.12.13 1730 1760 SESAGOA 174 Down 03.03.14 174 194 SUN PHARMA 625 UP 25.10.11 250 540

TATA MOTORS 409 UP 19.08.13 302 330 TATA POWER 78 Down 22.01.14 77 84 TATA STEEL 344 Down 28.02.14 344 380

TCS 2232 Up 15.01.13 1338 2040 ULTRACEMCO 1828 UP 25.02.14 1863 1750 WIPRO 585 UP 27.09.13 - 520

Note: These levels should not be confused with the weekly trendsheet which is sent in weekly magazine in the name of "Money Wise"

For Any Query or Suggestions email at

researchfeedback@smcindiaonline.com

Analyst

Dinesh Joshi dineshjoshi@smcindiaonline.com

Dhirender Singh Bisht dhirenderbisht@smcindiaonline.com

Disclaimer : This report is for the personal information of the authorized recipient and doesn’t construe to be any investment, legal

or taxation advice to you. It is only for private circulation and use .The report is based upon information that we consider reliable,

but we do not represent that it is accurate or complete, and it should not be relied upon as such. No action is solicited on the basis

of the contents of the report. The report should not be reproduced or redistributed to any other person(s)in any form without prior

written permission of the SMC. The contents of this material are general and are neither comprehensive nor inclusive. Neither SMC

nor any of its affiliates, associates, representatives, directors or employees shall be responsible for any loss or damage that may

arise to any person due to any action taken on the basis of this report. It does not constitute personal recommendations or take

into account the particular investment objectives, financial situations or needs of an individual client or a corporate/s or any

entity/s. All investments involve risk and past performance doesn’t guarantee future results. The value of, and income from

investments may vary because of the changes in the macro and micro factors given at a certain period of time. The person should

use his/her own judgment while taking investment decisions. Please note that we and our affiliates, officers, directors, and

employees, including persons involved in the preparation or issuance if this material;(a) from time to time, may have long or short

positions in, and buy or sell the securities thereof, of company (ies) mentioned here in or (b) be engaged in any other transaction

involving such securities and earn brokerage or other compensation or act as a market maker in the financial instruments of the

company (ies) discussed herein or may perform or seek to perform investment banking services for such company(ies) or act as

advisor or lender/borrower to such company(ies) or (c) may have any other potential conflict of interest with respect to any

recommendation and related information and opinions. All disputes shall be subject to the exclusive jurisdiction of Delhi High court.