DAILY REPORT

23rd JULY 2014

YOUR MINTVISORY Call us at +91-731-6642300

Global markets at a glance

Asian stocks edged up on Wednesday as risk aversion trig-

gered by recent geopolitical tensions continued to ebb.

MSCI's broadest index of Asia-Pacific shares outside Japan

rose 0.7%, lifted after the S&P 500 hit a new high overnight

as risk markets turned their attention to positive corporate

earnings and economic data.

European shares bounced back on Tuesday on some strong

earnings reports and after signs of cooperation between

Russia and other nations in investigating the shooting down

of a Malaysian airliner over Ukraine.

Wall Street Update

US stocks rose on Tuesday as some positive earnings and

economic data pointed to a market that still had room to

rise despite the S&P 500 hitting an intraday record. Inves-

tors continued to pay close attention to unstable regions

abroad, and while violence persisted in the Gaza Strip,

hopes rose for an easing of tension in Ukraine. With 23 per-

cent of S&P 500 companies having reported results, 66.1

percent posted earnings that topped expectations. The

Dow Jones industrial average rose 61.81 points or 0.36 per-

cent, to end at 17,113.54. The S&P 500 gained 9.90 points

or 0.50 percent, to 1,983.53. The Nasdaq Composite added

31.31 points or 0.71 percent, to 4,456.0 About 5.05 billion

shares traded on all US platforms

Previous day Roundup

the market ended on a strong note, marking second high-

est closing level ever. The Sensex ended above 26,000 for

second time, up 310.63 points or 1.21 percent at 26025.80

and the Nifty was up 83.65 points or 1.09 perent at

7767.85. About 1466 shares advanced, 1497 shares de-

clined, and 114 shares were unchanged. Bharti Airtel

soared 5 percent, while Reliance, HDFC, TCS and Hindalco

were top gainers in the Sensex. L&T, Maruti, BHEL and Axis

Bank were major losers.

Index stats

The Market was up in last session. The sartorial indices per-

formed as follow; Consumer Durables [up 98.74 pts], Capi-

tal Goods [down-108.67 pts], PSU [up 40.78pts], FMCG [up

56.93 pts], Realty [up11.15 pts], Power [down-7.39 pts],

Auto [up 56.75 pts], Healthcare [up114.86 pts], IT [down

167.23Pts], Metals [up 136.28 pts], TECK [down 106.56

pts], Oil& Gas [up 188.27 pts].

World Indices

Index Value % Change

D J l 17113.54 +0.36

S&P 500 1983.53 +0.50

NASDAQ 4456.02 +0.71

EURO STO 3189.22 +1.66

FTSE 100 6795.34 +0.99

Nikkei 225 15344.75 +0.01

Hong Kong 223890.90 +0.46

Top Gainers

Company CMP Change % Chg

BHARTIARTL 353.35 16.15 4.79

RELIANCE 1030 32.35 3.24

HDFC 1039.20 28.90 2.75

WIPRO 560.10 15.15 2.78

TCS 2530.15 66.40 2.70

Top Losers

Company CMP Change % Chg

MARUTI 2515.00 -26.25 -1.03

PNB 919.00 -9.40 -1.01

LT 1653.80 -16.45 -0.98

M&M 177.05 -11.60 -0.98

BANKOFBARODA 831.00 -6.40 -0.76

Stocks at 52 Week’s high

Symbol Prev. Close Change %Chg

ADANIPORTS 287.6 0.70 -0.24

AXISBANK 2017.35 21.55 +1.08

CENTURYTEX 91.95 4.40 +5.03

IDFC 160.7 3.25 -1.98

MCX 848.7 62.2 +7.91

Indian Indices

Company CMP Change % Chg

NIFTY 26028.80 310.63 1.21

SENSEX 7767.85 83.65 1.09

Stocks at 52 Week’s Low

Symbol Prev. Close Change %Chg

DAILY REPORT

23rd JULY 2014

YOUR MINTVISORY Call us at +91-731-6642300

STOCK RECOMMENDATIONS [FUTURE]

1. BIOCON FUTURE

BIOCON FUTURE is looking strong on charts, long build up

has been seen, we may see more upside, if it sustains above

520 levels. We advise buying around 515-520 levels with

strict stoploss of 500 for the targets of 535-545 levels.

2. RELIANCE FUTURE

RELIANCE FUTURE is looking strong on charts, long build up

has been seen, we may see more upside, if it sustains above

1030 levels. We advise buying around 1020-1030 levels

with strict stoploss of 1000 for the targets of 1050-1070

levels.

EQUITY CASH & FUTURE

STOCK RECOMMENDATION [CASH]

1. RAYMOND

Raymond weak on daily chart. We advise selling around

430 level with strict stop loss 438 for the targets of 422-

414

MACRO NEWS

Govt wants banks to be exempt from CSR spend.

International pressure on India to sign WTO trade

agreement

Govt to dispose of 90% high-value disputed tax cases by

March

PF account holders to soon receive universal numbers

Differentiated banking licence: Local area banks hope-

ful on RBI move.

Axis Bank Q1 -Net profit at Rs 1,666.7 crore versus Rs

1,409 crore (YoY) -NII at Rs 3,310.5 crore versus Rs

2,865 crore (YoY) -Gross NPAs at 1.34 percent versus

1.22 percent (QoQ).

Attorney General tells CBI to chargesheet marans (Sun

group will be in focus).

TCS partners with MapR Tech for data alliance.

IBM, Wipro in race for Rs 1200 crore Reliance Commu-

nications ' contract.

MCX-SX seeks to end business ties with Financial Tech-

nologies.

DAILY REPORT

23rd JULY 2014

YOUR MINTVISORY Call us at +91-731-6642300

FUTURE & OPTION

MOST ACTIVE PUT OPTION

Symbol Op-

tion

Type

Strike

Price

LTP Traded

Volume

(Contracts

)

Open

Interest

NIFTY PE 7,700 30.9 5,57,214 60,81,350

NIFTY PE 7,600 13.2 4,39,840 59,90,300

BANKNIFTY PE 15,000 42 32,879 7,36,400

BANKNIFTY PE 14,500 10.3 12,770 4,83,625

TCS PE 2,350 4.4 2,071 1,65,875

HDFC PE 1,000 3.1 1,825 1,86,750

TCS PE 2,450 20.9 1,778 71,875

INFY PE 3,200 21.2 1,586 2,96,500

MOST ACTIVE CALL OPTION

Symbol Op-

tion

Type

Strike

Price

LTP Traded

Volume

(Contracts)

Open

Interest

NIFTY CE 7,800 41.1 5,71,616 7,767.85

NIFTY CE 7,700 98.5 4,75,152 7,767.85

BANKNIFTY CE 16,000 26.75 33,510 15,427.35

BANKNIFTY CE 15,500 156.9 28,762 15,427.35

IDEA CE 150 2.15 3,440 146.4

RELIANCE CE 1,100 1.5 3,265 1,030.00

TCS CE 2,400 97.35 3,178 2,530.15

TCS CE 2,450 61 3,078 2,530.15

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 65614 2538.16 34558 1337.56 366586 14224.97 1200.60

INDEX OPTIONS 325807 12529.87 332015 12721.33 1785282 69303.05 -191.46

STOCK FUTURES 94473 3289.61 70081 2564.67 1542513 56432.50 724.94

STOCK OPTIONS 73835 2732.06 75896 2815.17 117963 4414.52 -83.10

TOTAL 1650.98

STOCKS IN NEWS

Results today: Cairn India , YES Bank , Polaris Financial

Technology , JSW Energy , L&T Finance Holdings , Kaly-

ani Steel , Essar Ports , ABB India , Alstom T&D , Trans-

port Corporation of India , Sanofi , NIIT , Mcleod Rus-

sel , Liberty Shoes , GIC Housing , Coromandel Interna-

tional.

Lupin, US firms weigh bids for GSK's mature drugs.

Tata Sons war chest swells on TCS dividend

NIFTY FUTURE

Nifty Future closed upside in the last trading session. We

advise buying around 7780 level with strict stoploss of

7730 for the targets of 7830-7880

DAILY REPORT

23rd JULY 2014

YOUR MINTVISORY Call us at +91-731-6642300

COMMODITY MCX

RECOMMENDATIONS

SILVER

TRADING STRATEGY:

BUY SILVER SEP ABOVE 45300 TGTS 45450,45750 SL 44950

SELL SILVER SEP BELOW 44700 TGTS 44500,44200 SL 44900

GOLD

TRADING STRATEGY:

BUY GOLD AUG ABOVE 28000 TGTS 28080,28180 SL 27900

SELL GOLD AUG BELOW 27850 TGTS 27770,27670 SL 27950

COMMODITY ROUNDUP

gold held steady after falling on Tuesday as tensions over

the Malaysian airliner downed over Ukraine eased. Spot

gold was little changed at $1,306 an ounce after going as

low as $1,301 overnight. It had climbed to as high as $1,324

late last week when the Malaysian airliner was brought

down.

U.S. crude dropped to around $102 a barrel, falling for a

second consecutive session as oil supplies were unaffected

by continuing violence and tension in Iraq, Ukraine and

Gaza.

Silver prices fell 0.50% to Rs 44,948 per kg in futures trade

yesterday as participants trimmed their positions, tracking a

weakening trend in precious metals overseas. At the Multi

Commodity Exchange, silver for delivery in September con-

tracts shed Rs 226, or 0.50%, to Rs 44,948 per kg in business

turnover of 302 lots. December silver declined by Rs 195, or

0.42%, to Rs 45,801 per kg in business volume of six lots.

The fall in silver prices at futures trade to offloading of posi-

tions by speculators as cooling down of geopolitical ten-

sions in Ukraine reduced demand for the metal as an alter-

native investment. In the international market, silver fell by

0.60% to $20.80 an ounce in Singapore.

Zinc hit a three-year high and aluminium touched a 16-

month peak on Tuesday as investors sought more exposure

to commodities due to improved fundamentals, and en-

couraged by falling stocks and firm equity markets in Asia .

London Metal Exchange stocks of zinc fell by 400 tonnes to

656,275 tonnes, their lowest in three and a half years, while

aluminium stocks fell 9,075 tonnes to 4.938 million tonnes,

their lowest in nearly two years.

Nickel prices moved up by 0.35% to Rs 1,145.90 per kg in

futures market yesterday as speculators enlarged their posi-

tions, tracking a firming trend in spot market on increased

demand from alloy-makers. Besides, an encouraging trend

in copper and other base metals in the global markets sup-

ported the upside. At MCX, nickel for delivery in August

gained Rs 4, or 0.35%, to Rs 1,145.90 per kg in business

turnover of 45 lots. Similarly, the metal for delivery in July

rose by Rs 3.80, or 0.33%, to Rs 1,139.40 per kg in 926 lots.

DAILY REPORT

23rd JULY 2014

YOUR MINTVISORY Call us at +91-731-6642300

RECOMMENDATIONS

DHANIYA

BUY DHANIYA AUG ABOVE 11985 TGTS 12015,12065 SL

11935

SELL DHANIYA AUG BELOW 11900 TGTS 11870,11820 SL

11950

GUARSEED

BUY GUARSEED AUG ABOVE 5530 TGTS 5560,5610 SL 5480

SELL GUARSEED AUG BELOW 5470 TGTS 5440,5390 SL 5520

NCDEX

NCDEX INDICES

Index Value % Change

Castor Seed 4136 0.76

Chana 2847 -1.42

Coriander 11940 -0.01

Cotton Seed Oilcake 1670 -0.65

Guarseed 5495 1.29

Jeera 11545 0.00

Mustard seed 3633 -0.68

Soy Bean 3807 -0.78

Sugar M Grade 3068 -0.29

Turmeric 6522 -0.88

NCDEX ROUNDUP

Chana prices fell 2.70% to Rs 2,810 per quintal in futures

trade yesterday as speculators reduced exposures amidst

increased supplies from producing regions in the spot mar-

ket. At the National Commodity and Derivative Exchange,

chana for delivery in August dropped by Rs 78, or 2.70% to

Rs 2,810 per quintal with an open interest of 1,56,130 lots.

Similarly, the commodity for delivery in September traded

lower by Rs 78, or 2.62% to Rs 2,897 per quintal in 43,430

lots. The fall in chana futures to increased arrivals from pro-

ducing regions in the physical market against subdued de-

mand.

Cardamom remained weak and prices fell further by 0.28%

to Rs 926.50 per kg in futures trading yesterday as specula-

tors engaged in reducing positions, driven by subdued de-

mand in the spot market. Besides, adequate stocks position

in the physical market on higher arrivals from producing

belts put pressure on cardamom prices. At the Multi Com-

modity Exchange, cardamom for delivery in August fell Rs

2.60, or 0.28%, to Rs 926.50 per kg in business turnover of

63 lots. In a similar fashion, the spice for delivery in Septem-

ber contract shed Rs 1.40, or 0.16% to Rs 901.10 per kg in

11 lots. Attributed persistent fall in cardamom futures to

subdued demand in the spot market against adequate

stocks position.

DAILY REPORT

23rd JULY 2014

YOUR MINTVISORY Call us at +91-731-6642300

EUR/INR

BUY EUR -INR ABOVE 81.55 TG 81.75,82,82.30 SL 81.15

SELL EUR-INR BELOW 81.29 TG 81.09,80.85,80.50 SL 81.50

USD/INR

BUY USD-INR ABOVE 60.38 TG 60.58,60.77,61.03 SL 60.08

SELL USD-INR BELOW 60.24 TG 60.09,59.59.89,59.59 SL

60.44

CURRENCY ROUNDUP

Rebounding from one-month lows, the rupee yesterday

rose six paise to end at 60.24 against the US dollar on fresh

selling of the American currency by exporters and positive

cues from a strong domestic share market. The rupee re-

sumed higher at 60.25 per dollar as against the last closing

level of 60.30 per dollar at the Interbank Foreign Exchange

(Forex) Market. It firmed up further to 60.18 per dollar be-

fore finishing at 60.24 per dollar, showing a gain of six paise

or 0.10 per cent. Intra-day, it hovered in a range of 60.18

per dollar and 60.2850 per dollar.

The dollar climbed 0.5 percent to 0.9027 francs. The com-

mon currency plumbed eight-month lows against the green-

back and the Australian dollar at $1.3459 and A$1.4304. On

the yen, it slid to its lowest in over five months at 136.58,

bringing its 2014 trough of 136.25 yen back in view.

The Australian dollar, already on a bullish footing after the

country's central bank chief on Tuesday chose not to talk

down the currency, spiked 0.4 percent to $0.9429 in re-

sponse to stronger-than-expected inflation data that dent

rate cut expectations.

The euro stood little changed at $1.3461, close to the eight-

month trough of $1.3459 struck overnight. The weaker euro

dovetailed nicely with expectations for the European Cen-

tral Bank to ease policy further with a gradual widening of

interest rate differentials favouring the U.S. over Europe

seen unfolding. The euro languished at multi-month lows

against many of its peers early on Wednesday, having

moved decisively lower overnight along with an eye-

catching fall in the Swiss franc.

U.S. Treasury yields fell overnight after benign U.S. inflation

data suggested less pressure on the Federal Reserve to raise

interest rates sooner than expected. The dollar was nearly

flat at 101.42 yen , having pulled back from the week's low

of 101.19 hit on Monday as demand for the safe-haven

Japanese currency diminished.

CURRENCY

RBI Reference Rate

Currency Rate Currency Rate

Rupee- $ 59.9455 Yen-100 58.7100

Euro 81.3923 GBP 102.7826

DAILY REPORT

23rd JULY 2014

YOUR MINTVISORY Call us at +91-731-6642300

CALL REPORT

PERFORMANCE UPDATES

Date Commodity/ Currency

Pairs Contract Strategy Entry Level Target Stop Loss Remark

22/07/14 MCX GOLD AUG. BUY 28250 28330-28430 28150 NOT EXECUTED

22/07/14 MCX GOLD AUG. SELL 28000 27920-27820 28100 BOOKED FULL

PROFIT

22/07/14 MCX SILVER JULY BUY 45250 45450-45750 44950 SL TRIGGERED

22/07/14 MCX SILVER JULY SELL 45050 44850-44550 45350 BOOKED PROFIT

22/07/14 NCDEX GUARSEED JULY BUY 5490 5520-5570 5440 BOOKED PROFIT

22/07/14 NCDEX GUARSEED JULY SELL 5400 5370-5320 5450 SL TRIGGERED

22/07/14 NCDEX DHANIYA JULY BUY 12000 12030-12080 11950 NOT EXECUTED

22/07/14 NCDEX DHANIYA JULY SELL 11830 11800-11750 11880 BOOKED FULL

PROFIT

Date Scrip

CASH/

FUTURE/

OPTION

Strategy Entry Level Target Stop Loss Remark

22/07/14 NIFTY FUTURE BUY 7725 7775-7825 7675 BOOKED PROFIT

22/07/14 CENTURY TEXTILE FUTURE BUY 630 645-650 645 CALL OPEN

22/07/14 CANRA BANK FUTURE BUY 405 390-380 425 CALL OPEN

22/07/14 COX AND KING CASH BUY 272 276-280 268 SL TRIGGERED

21/07/14 NIFTY FUTURE BUY 7700 7750-7800 7650 CALL OPEN

21/07/14 PETRONET FUTURE BUY 185-186 190-195 180 SL TRIGGERED

21/07/14 KTK BANK FUTURE BUY 135-137 140-145 130 CALL OPEN

17/07/14 SSLT FUTURE BUY 297-300 308-315 292 CALL OPEN

17/07/14 ADANI PORTS FUTURE BUY 282.285 290295 276 BOOKED PROFIT

DAILY REPORT

23rd JULY 2014

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NEXT WEEK'S U.S. ECONOMIC REPORTS

ECONOMIC CALENDAR

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TIME (ET) REPORT PERIOD ACTUAL CONSENSUS FORECAST PREVIOUS

MONDAY, JULY 21

8:30 AM CHICAGO FED NATIONAL ACTIVITY IN-DEX

JUNE -- 0.18

TUESDAY, JULY 22

8:30 AM CONSUMER PRICE INDEX JUNE 0.3% 0.4%

8:30 AM CORE CPI JUNE 0.2% 0.3%

10 AM EXISTING HOME SALES JUNE 4.97 MLN 4.89 MLN

10 AM FHFA HOUSE PRICE INDEX MAY -- 5.9% YOY

WEDNESDAY, JULY 23

NONE SCHEDULED

THURSDAY, JULY 24

8:30 AM WEEKLY JOBLESS CLAIMS 7-19 N/A N/A

9:45 AM MARKIT FLASH PMI JULY -- 57.3

10 AM NEW HOME SALES JUNE 478,000 504,000

FRIDAY, JULY 25

8:30 AM DURABLE GOODS ORDERS JUNE 0.3% -0.9%