DAILY REPORT

24th JULY 2014

YOUR MINTVISORY Call us at +91-731-6642300

Global markets at a glance

Asian markets mostly rose yesterday, adding to the

previous day’s rally, following a positive lead from Wall

Street while concerns over the Ukraine air crash crisis

ease. Asian stock markets edged broadly higher on

Thursday and the Australian dollar jumped after a sur-

prisingly strong reading on Chinese manufacturing bol-

stered hopes for recovery in the world's second-biggest

economy. Japan's Nikkei added 0.2 percent while

MSCI's broadest index of Asia-Pacific shares outside

Japan gained 0.3 percent.

European stock markets edged higher yesterday, build-

ing on the previous day’s gains as upbeat earnings re-

ports eclipsed ongoing concerns about conflicts in

Ukraine and Gaza. European stocks held steady on

Wednesday, stabilising after a surge in the previous

session as traders digested mixed earnings and the pos-

sibility of fresh EU sanctions against Russia over

Ukraine and the downing of a Malaysian airliner. The

pan-European FTSEurofirst 300 index was up 0.1 per-

cent, at 1,375.31 points.

Previous day Roundup

Equity benchmarks managed to end at record closing

highs amid volatility on Wednesday, largely supported

by technology stocks and banking majors. The 50-share

NSE Nifty crossed the 7800-mark for the second time

intraday to hit an all-time high of 7809.20. The index

rose 27.90 points to 7795.75, continuing upside for the

sixth straight session while the 30-share BSE Sensex

advanced 121.53 points to 26147.33. However, the

broader markets underperformed benchmarks again

with the BSE Midcap index closing flat and Smallcap

falling 0.6 percent.

Index stats

The Market was very volatile in last session. The sarto-

rial indices performed as follow; Consumer Durables

[down 1.69pts], Capital Goods [up 16.55pts], PSU [up

8.64pts], FMCG [up 11.04pts], Auto [up 7.05pts],

Healthcare [up 7.27pts], IT [up 25.06Pts], Metals [up

25.68pts], TECK [up 10.58pts], Oil& Gas [down

23.68pts].

World Indices

Index Value % Change

D J l 17086.63 -0.16

S&P 500 1987.01 +0.18

NASDAQ 4473.70 +0.40

EURO STO 3193.13 +0.12

FTSE 100 6789.15 +0.04

Nikkei 225 15344.92 +0.11

Hong Kong 24026.05 +0.23

Top Gainers

Company CMP Change % Chg

BPCL 605.75 23.00 3.95

INFY 3,345.30 111.60 3.45

BANKBARODA 856.55 24.55 2.95

HINDALCO 193.25 5.00 2.66

WIPRO 570.50 11.75 2.10

Top Losers

Company CMP Change % Chg

AMBUJACEM 216.00 7.10 -3.18

ULTRACEMCO 2,449.95 70.70 -2.80

ACC 1,454.15 34.90 -2.34

IDFC 157.70 3.45 -2.14

GRASIM 3,334.00 60.00 -1.77

Stocks at 52 Week’s high

Symbol Prev. Close Change %Chg

AXISBANK 2002.25 14.05 -0.70

COLPAL 1677.10 36.15 +2.20

HINDALCO 193.25 5.00 +2.66

LUPIN 1090.15 7.15 -0.65

TCS 2580.00 47.60 +1.88

Indian Indices

Company CMP Change % Chg

NIFTY 7795.75 +27.90 +0.36

SENSEX 26147.33 +121. +0.47

Stocks at 52 Week’s Low

Symbol Prev. Close Change %Chg

DAILY REPORT

24th JULY 2014

YOUR MINTVISORY Call us at +91-731-6642300

STOCK RECOMMENDATIONS [FUTURE]

1. BPCL FUTURE

BPCL FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sustains above 600 levels. We advise buying around 600-605 levels with strict stop loss of 590 for the targets of 615-630 levels.

2. AMBUJA CEMENT FUTURE

AMBUJA CEMENT FUTURE is looking weak on charts, short build up has been seen, we may see more downside, if it sustains below 220 levels. We advise selling around 218-220 levels with strict stop loss of 224 for the targets of 214-210.

EQUITY CASH & FUTURE

STOCK RECOMMENDATION [CASH]

1. POLARIS

Polaris week on daily chart. We advise selling around 213

level with strict stop loss 217 for the targets of 209-205

MACRO NEWS

Results today: Wipro , ACC , Ambuja Cements , Glenmark

Pharma , Biocon , Bharti Infratel , M&M Financial , In-

diabulls Housing Finance , TVS Motor , Century Textiles ,

Dewan Housing Finance , SKS Microfinance , Bayer Crop ,

Pfizer , Pantaloons Fashion & Retail , Mastek , Zensar

Technologies , RPG Life Sciences , PI Industries , KSB

Pumps , Jindal Saw , GIC Housing Finance.

YES Bank missed street expectations with Q1 net profit

rising 9.7% on yearly basis to Rs 439.5 crore despite fall in

provisions. Lower other income and higher operating ex-

penses impacted bottom line. Asset quality slightly weak-

ened on sequential basis with the gross NPA climbed (up

11 bps Y-o-Y) to 0.33 percent in June quarter from 0.31

percent in March quarter 2014.

RBI cancels non-banking finance registration certificate of

Deutsche Securities.

Government begins fresh inter-ministerial talks on de-

fence FDI cap.

Gas pricing uncertainty stops GSPC from starting produc-

tion.

DAILY REPORT

24th 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 23.45 5,59,009 69,87,150

NIFTY PE 7,800 57.9 4,56,329 30,61,650

NIFTY PE 7,600 9.4 3,36,616 60,26,600

BANKNIFTY PE 15,000 33 47,732 7,08,025

SBIN PE 2,500 19.8 4,940 3,01,375

INFY PE 2,000 27 4,606 2,11,000

SBIN PE 2,500 17.95 4,491 1,45,875

TATASTEEL PE 1,020 7.95 3,764 4,16,750

MOST ACTIVE CALL OPTION

Symbol Op-

tion

Type

Strike

Price

LTP Traded

Volume

(Contracts)

Open

Interest

NIFTY CE 7,800 46 6,33,987 46,86,100

NIFTY CE 7,900 14 5,14,591 54,42,350

NIFTY CE 7,700 108 2,12,181 45,78,550

BANKNIFTY CE 16,000 25.5 57,725 5,74,475

SBIN CE 2,600 19 8,115 5,09,500

RELIANCE CE 1,040 10.5 7,653 11,86,000

TCS CE 2,600 15.3 6,637 1,73,000

AXISBANK CE 2,100 5.95 5,646 2,04,000

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 58046 2259.83 56716 2207.45 388070 15105.96 52.38

INDEX OPTIONS 439078 16981.75 437718 16888.08 1835286 71490.76 93.66

STOCK FUTURES 101761 3742.58 82446 3117.57 1538182 56309.60 625.01

STOCK OPTIONS 74844 2875.09 77324 2968.95 118469 4461.24 -93.86

TOTAL 677.19

INDICES R2 R1 PIVOT S1 S2

NIFTY 7,842.25 7,819.00 7,785.95 7,762.70 7,729.65

BANK NIFTY 15,724.40 15,593.70 15,496.20 15,365.50 15,268.00

STOCKS IN NEWS

TCS first Indian firm to top Rs 5 lakh cr in m-cap

Cairn drops retro tax suit.

FIPB to take up Ranbaxy 's FDI proposal on August 1.

Liberty Shoes plans to restructure its operations.

L&THSFIN offloaded its 4.55 per cent stake in private sector lender City Union Bank through an open market transaction for Rs 183 crore.

Bank of India plans to raise at least Rs 1250 crore.

Gas row: Oil & Natural Gas Corporation and Reliance Industries pick independent agency.

NIFTY FUTURE

Nifty Future closed upside in the last trading session. We advise buying around 7800 level with strict stop loss of 7750 for the targets of 7850-7900

DAILY REPORT

24th JULY 2014

YOUR MINTVISORY Call us at +91-731-6642300

COMMODITY MCX

RECOMMENDATIONS

SILVER

TRADING STRATEGY:

BUY SILVER SEP ABOVE 45200 TGTS 45400,45700 SL 44900

SELL SILVER SEP BELOW 44850 TGTS 44650,44350 SL 45050

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

World Aluminium markets have again showed minor de-

cline in the production figures. The June month brought

some relief in the rising trend of production that was near

all time highs. Data estimates from International Aluminium

Institute (IAI) showed that the total primary Aluminium pro-

duction reached 4.303 million tonnes in the month of June

2014 from 4.331 million tonnes in the month of May 2014.

Although on a year on year basis the production is still

showing signs of improvement. The production gained 1.8%

on a y-o-y basis in June 2014. Asian production excluding

China was 193000 tonnes in June 2014, compared to

203000 tonnes in the month of May 2014. Meanwhile, pro-

duction appreciation in the GCC region was noted. The total

production of GCC in June 2014 was 412000 tonnes, up 26%

from 327000 tonnes in the month of June 2013.

Lead weakened by 0.26% to Rs 132.45 per kg in futures

trading yesterday as speculators trimmed positions amid a

weak trend in global markets and subdued domestic de-

mand. Besides a weak trend in base metals at the London

Metal Exchange, subdued demand from battery-makers in

the domestic spot market put pressure on lead prices at

futures trade. At the Multi Commodity exchange, lead for

delivery in July declined by 35 paise, or 0.26%, to Rs 132.45

per kg in a business turnover of 349 lots. Similarly, the

metal for delivery in August traded lower by the same mar-

gin to Rs 133.50 per kg in six lots.

Aluminium prices fell by 0.29% to Rs 121.95 per kg in fu-

tures trade yesterday as speculators trimmed positions

amid a weak global trend. At the Multi Commodity Ex-

change, aluminium for delivery in July shed 35 paise, or

0.29%, to Rs 121.95 per kg in a business turnover of 258

lots. Likewise, the metal for delivery in August traded lower

by 35 paise, or 0.28%, to Rs 122.65 per kg in 30 lots. The fall

in aluminium futures to a weak global trend ahead of data

on China's manufacturing as some investors viewed recent

rally to a 16-month high as overdone. Meanwhile, alumin-

ium for delivery in three months retreated 0.2% to

$2,038.25 a metric tonne on the London Metal Exchange.

The physical gold lost 22 sen to RM129.02 a gramme from

RM129.24 on Tuesday.

DAILY REPORT

24th JULY 2014

YOUR MINTVISORY Call us at +91-731-6642300

RECOMMENDATIONS

DHANIYA

BUY DHANIYA AUG ABOVE 11770 TGTS 11800,11850 SL

11720

SELL DHANIYA AUG BELOW 11710 TGTS 11680,11630 SL

11760

GUARSEED

BUY GUARSEED AUG ABOVE 5470 TGTS 5500,5550 SL 5420

SELL GUARSEED AUG BELOW 5375 TGTS 5345,5295 SL 5425

NCDEX

NCDEX INDICES

Index Value % Change

Castor Seed 4075 -1.59

Chana 2868 -0.42

Coriander 11735 -1.68

Cotton Seed Oilcake 1656 -0.78

Guarseed 5420 -1.45

Jeera 11435 -1.17

Mustard seed 3595 -1.10

Soy Bean 3712 -2.60

Sugar M Grade 3069 -0.42

Turmeric 6400 -1.99

NCDEX ROUNDUP

Crude palm oil futures traded higher by 0.21% to Rs 627.10

per 10 kg yesterday as speculators created fresh positions

on rising spot demand. At the MCX, crude palm oil for deliv-

ery in August gained Rs 1.10, or 0.21%, to Rs 527.10 per 10

kg in a business turnover of 28 lots. Likewise, the oil for de-

livery in July edged up by 30 paise, or 0.06%, to Rs 529.70

per kg in 29 lots. The rise in crude palm oil prices in futures

trade was mostly supported by rising demand in the spot

markets.

With consumption of mustard oil in India growing at 20 per

cent a year, mustard oil processing units want a 'Mustard

Oil Development Board' for the integrated development of

the mustard oil industry in the country, with the focus on

higher productivity and value addition. The industry be-

lieves that mustard oil has the potential to reduce edible oil

imports, if mustard is declared a national crop by the Indian

government, on the lines of what the Malaysian govern-

ment has done for palm oil. Mustard oil processing is an

unorganised business, with only 20 per cent of the 7,000-

9,000 enterprises in the organised or branded segment.

They have a total installed capacity of 23 lakh tonnes per

annum.

DAILY REPORT

24th JULY 2014

YOUR MINTVISORY Call us at +91-731-6642300

EUR/INR

BUY EUR-INR ABOVE 81.09 TG 81.29,81.45,81.75 SL 80.80

SELL EUR-INR BELOW 80.90 TG 80.70,80.45,80.15

GBP/INR

BUY GBP-INR ABOVE 102.70 TG 102.90,103.15,103.45 SL 102.40

SELL GBP-INR BELOW 102.38 TG 102.118,101.93,101.60 SL 102.68

CURRENCY ROUNDUP

For U.S. Treasuries, investors were buying more liquid

shorter-dated paper, nudging two-year yields down to 0.48

percent.

The dollar was broadly lower against the other major cur-

rencies on Wednesday, as market sentiment recovered

from the recent risk-off trend caused by geopolitical ten-

sions in Ukraine and the Middle East, although investors

continued to monitor developments in both regions. EUR/

USD inched up 0.02% to 1.3467. On Tuesday, European Un-

ion ministers announced an agreement to widen the list of

Russian individuals and entities targeted by asset freezes

and visa bans. The U.S. had hoped for stricter penalties to

push Moscow into cooperating with an international investi-

gation into the downed Malaysian jet.

The New Zealand dollar led the action by skidding to a six-

week low after the country's central bank signaled a pause

following its fourth straight rate hike.

The kiwi dollar dropped nearly a full U.S. cent to $0.8606

after the Reserve Bank of New Zealand (RBNZ) raised rates

by 25 basis points to 3.5 percent, but said it was time to

wait and gauge the impact of its recent policy tightening on

the economy.

The Australian dollar lunged a quarter of a U.S. cent higher

as the improving Chinese outlook promised to support de-

mand for the country's resource exports.

Activity elsewhere was limited, with the euro stuck at eight-

month lows around $1.3460, leaving the dollar index hover-

ing at a six-week peak.

Against the yen, the U.S. dollar firmed a tad to 101.54, re-

covering slowly from the recent low of 101.09.

CURRENCY

RBI Reference Rate

Currency Rate Currency Rate

Rupee- $ 60.1830 Yen-100 59.3400

Euro 81.0305 GBP 102.6842

DAILY REPORT

24th 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

23/07/14 MCX GOLD AUG. BUY 28000 28080-28180 27900 NOT EXECUTED

23/07/14 MCX GOLD AUG. SELL 27850 27770-27670 27950 NOT EXECUTED

23/07/14 MCX SILVER SEP. BUY 45300 45450-45750 44950 NOT EXECUTED

23/07/14 MCX SILVER SEP. SELL 4470 44500-44200 44900 NOT EXECUTED

23/07/14 NCDEX GUARSEED AUG. BUY 5530 5560-5610 5480 BOOKED PROFIT

23/07/14 NCDEX GUARSEED AUG. SELL 5470 5440-5390 5520 BOOKED FULL

PROFIT

23/07/14 NCDEX DHANIYA AUG. BUY 11985 12015-12065 11935 NOT EXECUTED

23/07/14 NCDEX DHANIYA AUG. SELL 11900 11870-11820 11950 BOOKED FULL

PROFIT

23/07/14 USD/INR JULY BUY 60.38 60.58-60.77 60.08 NOT EXECUTED

23/07/14 USD/INR JULY SELL 60.24 60.09-59.89 60.44 BOOKED PROFIT

23/07/14 EUR/INR JULY SELL 81.29 81.09-80.85 81.50 BOOKED PROFIT

23/07/14 EUR/INR JULY BUY 81.55 81.75-81.82 81.15 NOT EXECUTED

22/07/14 USD/INR JULY BUY 60.47 60.67-60.97 60.17 SL TRIGGERED

22/07/14 USD/INR JULY SELL 60.24 60.04-59.74 60.54 BOOKED FULL

PROFIT

22/07/14 JPY/INR JULY SELL 59.45 59.25-58.95 59.75 BOOKED PROFIT

22/07/14 JPY/INR JULY BUY 59.65 59.85-60.15 59.35 NOT EXECUTED

Date Scrip

CASH/

FUTURE/

OPTION

Strategy Entry Level Target Stop Loss Remark

23/07/14 NIFTY FUTURE BUY 7780 7830-7880 7730 CALL OPEN

23/07/14 BIOCON FUTURE BUY 515-520 535-545 500 CALL OPEN

23/07/14 RELIANCE FUTURE BUY 1020-1030 1050-1070 1000 CALL OPEN

23/07/14 RAYMOND CASH SELL 430 422-414 435 CALL OPEN

22/07/14 CENTURY TEXTILE FUTURE BUY 630 645-650 645 BOOKED PROFIT

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

21/07/14 NIFTY FUTURE BUY 7700 7750-7800 7650 BOOKED PROFIT

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

DAILY REPORT

24th 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%