DAILY REPORT

23rd MAY 2014

YOUR MINTVISORY Call us at +91-731-6642300

Global markets at a glance

Italian and Spanish stocks underperformed firmer equity

markets elsewhere in Europe on Thursday, as concerns

about this week's European Parliament elections were

weighing on Milan and Madrid. the pan-European FTSEu-

rofirst 300 index , which edged up 0.1% to 1,366.29 pts -

still in sight of a six-year high of 1,372.81 pts set last

week. Germany's DAX also rose 0.2%. The European elec-

tion results could undermine some euro zone govern-

ments.

Asian shares edged up to one-year highs on Friday as in-

vestors lapped up signs of improving momentum in the

world's biggest economies, with Tokyo's Nikkei poised to

score its first weekly gain in over a month.

Wall Street Update

U.S. stocks ended higher for the second straight session

on Thursday, led by small-cap stocks, while the Nasdaq

climbed on a rally in biotech shares. The Dow Jones in-

dustrial average rose 10.02 points or 0.06 %, to end at

16,543.08. The S&P 500 gained 4.46 points or 0.24 %, to

1,892.49. The Nasdaq Composite added 22.81 points or

0.55 %, to close at 4,154.34.

Previous day Roundup

The market continued its consolidation for the third con-

secutive session on Thursday after strong run-up but the

broader markets outperformed benchmarks for the fifth

day in a row. The Sensex rose 76.38 points to close at

24374.40 after rising as much as 227 points intraday. The

Nifty advanced 23.50 points to 7276.40 at end after hit-

ting a day’s high of 7319.55. The BSE Midcap and Small-

cap indices jumped over 2 %, in addition to 9-12 % rally in

previous four sessions.

Index stats

The Market was very volatile in last session. The sartorial

indices performed as follow; Consumer Durables [up

527.25pts], Capital Goods [up 71.35pts], PSU [up

146.39pts], FMCG [up 47.17pts], Realty [up 101.61 pts],

Power [up 47.49pts], Auto [up 12.61pts], Healthcare [up

12.20 pts], IT [down 25.80 pts], Metals [up 216.90pts],

TECK [down 22.88 pts], Oil& Gas [up 123.13pts].

World Indices

Index Value % Change

D J l 16543.08 +0.06

S&P 500 1892.49 +0.24

NASDAQ 4154.34 +0.55

EURO STO 3187.63 +0.02

FTSE 100 6820.56 -0.01

Nikkei 225 14470.52 +0.93

Hong Kong 22980.97 +0.12

Top Gainers

Company CMP Change % Chg

DLF 212.20 19.40 +10.06

NTPC 156.30 10.65 +7.31

COALINDIA 390.80 19.90 +5.37

SSLT 216.25 12.5 +4.84

MARUTI 2256.45 87.25 +4.02

Top Losers

Company CMP Change % Chg

HINDALCO 155.60 4.10 -2.57

HDFC 920.30 20.45 -2.17

BHARTIARTL 332.00 7.30 -2.15

BHEL 265.35 5.70 -2.10

WIPRO 483.00 10.10 -2.05

Stocks at 52 Week’s high

Symbol Prev. Close Change %Chg

ADANIPOWER 1323 80.85 +6.51

ABIRLNUVO 64.45 2.20 +3.53

BATAINDIA 1775.25 84.10 +7.71

GMRINFRA 34.25 1.05 +3.16

IBREALEST 96.15 6.50 +7.25

Indian Indices

Company CMP Change % Chg

NIFTY 7276.40 +23.50 +0.32

SENSEX 24374.40 +76.38 +0.31

Stocks at 52 Week’s Low

Symbol Prev. Close Change %Chg

DAILY REPORT

23rd MAY 2014

YOUR MINTVISORY Call us at +91-731-6642300

STOCK RECOMMENDATIONS [FUTURE]

1. DLF [FUTURE]

DLF FUTURE is looking strong on charts, long build up has

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

210 levels. We advise buying around 208-210 levels with

strict stop loss 204 for the targets of 214-218 levels.

2. ZEE [FUTURE]

ZEE FUTURE is looking weak on charts, short build up has

been seen, we may see more downside, if it sustains below

275 levels. We advise selling around 276-275 levels with

strict stop loss 285 for the targets of 265-260 levels.

EQUITY CASH & FUTURE

STOCK RECOMMENDATION [CASH]

1. ONE LIFE CAP

ONE LIFE CAP is looking strong on charts. We advise buying

above 190 levels with strict stop loss of 182 for the targets

of 195-200 levels.

MACRO NEWS

Foreign direct investment into India grew by 8 % year-on-

year to USD 24.3 billion in 2013-14, according to the De-

partment of Industrial Policy and Promotion (DIPP) data.

In 2012-13, FDI aggregated at USD 22.4 billion.

The RBI to hold a bond auction for 160 billion rupees

($2.73 billion), which includes the 10-year benchmark

bond for 70 billion rupees. India's weekly FX reserves

data.

India has ordered oil companies to provide $11.4 billion

subsidy for 2013/14 to help cover losses of state retailers

that sell fuels at cheaper rates - a jump of 12 % from the

previous year.

India Infra-debt is offering the country's first bond from an

infrastructure debt fund. The deal is split into five and 10-

year tranches. Both pay a coupon of 9.70 %.

Ashok Leyland posted a net profit of 3.63 billion rupees

($61.76 million) in the fourth quarter that ended in

March, compared with 1.50 billion rupees a year earlier.

The latest quarter's profit includes exceptional gains of 3.8

billion rupees.

MRPL cuts refinery runs after hydrocracker leak.

DAILY REPORT

23rd MAY 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 7,200 27.1 2,98,541 30,76,750

NIFTY PE 7,300 65.5 2,78,553 21,04,650

NIFTY PE 7,100 9.45 1,81,936 41,30,550

BANKNIFTY PE 15,000 154 20,273 2,54,750

SBIN PE 2,500 53 4,491 2,75,875

MCDOWELL-N PE 2,700 5.3 4,015 5,64,875

DLF PE 200 3.8 3,797 9,90,000

RELIANCE PE 1,100 15 2,865 3,04,000

MOST ACTIVE CALL OPTION

Symbol Op-

tion

Type

Strike

Price

LTP Traded

Volume

(Contracts)

Open

Interest

NIFTY CE 7,400 24.4 3,85,769 59,13,350

NIFTY CE 7,300 60.95 3,33,400 38,52,350

NIFTY CE 7,500 9.45 2,53,394 59,57,600

BANKNIFTY CE 15,500 66 26,587 3,22,400

MCDOWELL-N CE 2,800 20 9,860 11,68,875

RELAINCE CE 1,100 24.65 7,724 11,96,750

DLF CE 220 6 6,171 18,18,000

SBIN CE 2,500 68 5,000 2,47,625

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 70637 2603.50 59930 2208.65 511600 18748.75 394.85

INDEX OPTIONS 326066 11942.01 321153 11793.04 2529910 92222.64 148.97

STOCK FUTURES 163244 6032.80 178702 6520.15 1435438 50658.27 -487.35

STOCK OPTIONS 58408 2168.84 60017 2234.29 125139 4598.16 -65.45

TOTAL -8.98

INDICES R2 R1 PIVOT S1 S2

NIFTY 7,346.10 7,311.25 7,284.70 7,249.85 7,223.30

BANK NIFTY 15,332.28 15,193.92 15,066.08 14,927.72 14,799.88

STOCKS IN NEWS

HPCL to buy 11-15% stake in Petronet's east coast.

Maruti Suzuki 5 models in top 10 best selling cars in Apr.

RIL plans to raise up to Rs 10,000cr in debt.

Bata to foray into rural markets & small towns; to in-vest in Rs 100 crore in FY15.

an Adani Group subsidiary, has opened a minimum $70 million six-year senior secured note offer that will be sold in the over-the-counter market.

Reliance Cap, Verlinvest acquire stake in Sula.

NIFTY FUTURE

Nifty Future closed in the red in the last trading session. We advise selling around 7300 levels with strict stop loss of 7350 for the targets of 7250-7200 levels.

DAILY REPORT

23rd MAY 2014

YOUR MINTVISORY Call us at +91-731-6642300

RECOMMENDATIONS

SILVER

TRADING STRATEGY:

BUY SILVER ABOVE 41150 TGT 41350,41650 SL BELOW

40850

SELL SILVER BELOW 40700 TGT 40500,40200 SL ABOVE

41000

GOLD

TRADING STRATEGY:

BUY GOLD ABOVE 27350 TGT 27430,27530 SL BELOW

27250

SELL GOLD BELOW 27100 TGT 27020,26920 SL ABOVE

27200

COMMODITY ROUNDUP

Gold prices rose in early afternoon U.S. trading on Thursday

after the minutes of Federal Reserve's April policy meeting

revealed that rate hikes remain far off on the horizon, while

ongoing tensions in Ukraine bolstered the yellow metal's

safe-haven appeal. On the Comex division of the NYMEX,

gold futures for June delivery traded at 1,295.00 a troy

ounce during U.S. trading, up 0.54%, up from a session low

of $1,290.20 and off a high of $1,303.90. Silver for July de-

livery was up 0.93% at $19.517 a troy ounce, while copper

futures for July delivery were up 0.52% at $3.139 a pound.

Gold prices in the spot market fell on Thursday after the RBI

last night relaxed rules for importing the metal. Spot gold

premium crashed from $80 an ounce on Wednesday to

about $20 on Thursday, after falling to $10 during the day.

In evening trade, however, the premium rose to $35-40, as

banks didn’t indicate big gold purchases through the next

few days. Actual gold imports could take some time.

India’s steel production grew 5.3% in April outpacing the

world’s average growth of 1.7%. India produced 7.015 mn

tonne (mt) steel in April, compared to 6.659 mt in the same

month last year. Cumulative production grew 2.5% in the

first four months of this year to 27.766 mt, from 27.080 mt

the year-ago period, WSA data showed. Global steel output

stood at 136.62 mt in April compared to 134.346 mt in

same month last year.

U.S. crude oil futures dipped in early Asian trade on Friday,

but declines were capped by worries about low oil output

from Libya and positive economic data in China and the

United States. Brent crude gained 1 cent to $110.37 a bar-

rel. It settled 19 cents lower at $110.36 a barrel on Thurs-

day, after touching a session high of $111.04, the highest

price since March 4.

Lead futures prices yesterday rose by 0.44 per cent to Rs

124.70 per kg as speculators enlarged positions mostly on

the back of rising domestic spot demand from battery mak-

ers. At the MCX, lead for delivery in May traded 55 paise, or

0.44 per cent, higher at Rs 124.70 per kg, with a turnover of

284 lots, while the June contract was up by 45 paise, or 0.36

per cent, to Rs 125.90 per kg in a turnover of five lots. The

rise in lead futures was mostly supported by rising demand

from battery-makers in the spot markets.

COMMODITY MCX

DAILY REPORT

23rd MAY 2014

YOUR MINTVISORY Call us at +91-731-6642300

RECOMMENDATIONS

DHANIYA

BUY DHANIYA JUN ABOVE 9460 TGTS 9490,9540 SL 9410

SELL DHANIYA JUN BELOW 9420 TGTS 9390,9340 SL 9470

GUARSEED

BUY GUARSEED JUN ABOVE 5280 TGTS 5310,5360 SL 5230

SELL GUARSEED JUN BELOW 5200 TGTS 5170,5120 SL 5250

NCDEX

NCDEX INDICES

Index Value % Change

Castor Seed 3930 +0.92

Chana 2937 +1.35

Coriander 9440 +1.29

Cotton Seed Oilcake 1550 0.00

Guarseed 5250 +1.55

Jeera 11135 +1.09

Mustard seed 3477 +1.22

Soy Bean 4669 +3.73

Sugar M Grade 3007 -0.20

Turmeric 6450 +0.40

NCDEX ROUNDUP

Chana prices recovered by 0.35 per cent to Rs 2,908 per quintal in futures trading yesterday mostly in tune with a firming trend in the spot markets on rising demand. At the National Commodity and Derivatives Exchange, chana for delivery in June rose by Rs 10, or 0.35 per cent, to Rs 2,908 per quintal with an open interest of 1,43,200 lots. The July contract traded higher by Rs 10, or 0.34 per cent, to Rs 2,975 per quintal in 67,760 lots. Fresh positions built-up by speculators following pick-up in demand in the spot market mainly pushed up chana prices at futures trade.

Refined soya oil prices rose further by 0.15% to Rs 688.90 per 10 kg in futures market yesterday as speculators in-dulged in enlarging positions, tracking a firm trend at spot market on rising demand. At NCDEX, refined soya oil for delivery in June traded higher by Re 1, or 0.15% to Rs 688.90 per 10 kg with an open interest of 1,42,520 lots. The July contract edged up by 95 paise, or 0.14% to Rs 672 per 10 kg in 1,29,140 lots.

Cardamom futures pared the earlier day's losses on buying support. The MCX Cardamom June delivery ended the day at Rs 972.20, up Rs 12.90 or 1.34%.Gooddemand amid weak arrivals and next year crop worries gave way for buying sup-portin the cardamom. Cardamom gained after finding sup-port at Rs 955.40 and ended the session higher at Rs 972.20, up Rs 12.90 or 1.34%. The open interest dipped 7 tonnes to 2,318 tonnes, indicating short covering.

DAILY REPORT

23rd MAY 2014

YOUR MINTVISORY Call us at +91-731-6642300

USD/INR

SELL USD/INR BELOW 58.31 TGTS 58.16, 58.01 SL 58.52.

BUY EUR/INR ABOVE 58.79 TGTS 59.00, 59.15 SL 58.58.

GBP/INR

SELL GBP/INR BELOW 98.44 TGTS 98.29, 98.14 SL 98.65.

BUY GBP/INR ABOVE 98.99 TGTS 99.14, 99.29 SL 98.78.

CURRENCY ROUNDUP

The Indian rupee posted its biggest single-day rise in nearly a week after Reuters reported that India's finance ministry was working on a proposal to cut fiscal deficit, with gains also helped by improving global risk sentiment. The rupee hit a session high of 58.41 per dollar, stopping just short of an 11-month peak on Monday, India's finance ministry was hoping to cut the 2014/15 fiscal deficit to 3.8-3.9 % of gross domestic product, below the current target of 4.1%.

The partially convertible rupee closed at 58.4675/4775 per dollar, not far from 58.3750 reached on Monday, its strong-est level since June 18 last year. It closed at 58.7750/7850 on Wednesday Traders cited little impact from the RBI's move late on Wednesday to ease gold import rules by al-lowing more private agencies to ship the precious metal, since it was seen as unlikely to make much of an impact on the current account deficit In the offshore non-deliverable forwards, the one-month contract was at 58.70, while the three-month was at 59.29.

The dollar firmed against most major currencies on Thurs-day on solid U.S. factory and housing data that came a day after the Federal Reserve revealed monetary authorities are moving closer to normalizing ultra-loose policies that have softened the greenback since the 2008 financial crisis. In U.S. trading on Thursday, EUR/USD was down 0.24% at 1.3653. The dollar rose against major currencies as the higher bond yields revived appeal for the greenback.

The dollar was up against the yen, with USD/JPY up 0.40% at 101.79 and up against the Swiss franc, with USD/CHF up 0.16% at 0.8946. The greenback was up against the pound, with GBP/USD down 0.22% at 1.6864. The pound fell after data on Thursday confirmed that the U.K. economy grew 0.8% in the first quarter of the year from the previous quar-ter and 3.1% on year The dollar was mixed against its cous-ins in Canada, Australia and New Zealand, with USD/CAD down 0.16% at 1.0897, AUD/USD down 0.31% at 0.9222 and NZD/USD down 0.11% at 0.8564. The US Dollar Index, which tracks the performance of the greenback versus a basket of six other major currencies, was up 0.23% at 80.30.

CURRENCY

RBI Reference Rate

Currency Rate Currency Rate

Rupee- $ 58.5740 Yen-100 57.6200

Euro 80.0500 GBP 98.8788

DAILY REPORT

23rd MAY 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

22/05/14 MCX GOLD JUNE BUY 27520 27600-27700 27420 NOT EXECUTED

22/05/14 MCX GOLD JUNE SELL 27350 27270-27170 27450 SL TRIGGERED

22/05/14 MCX SILVER JULY BUY 41150 41350-41650 40850 BOOKED PROFIT

22/05/14 MCX SILVER JULY SELL 40700 40500-40200 41000 NOT EXECUTED

22/05/14 NCDEX DHANIYA JUNE BUY 9430 9460-9510 9380 SL TRIGGERED

22/05/14 NCDEX DHANIYA JUNE SELL 9275 9245-9195 9325 NOT EXECUTED

22/05/14 NCDEX GUARSEED JUNE BUY 5190 5220-5270 5140 BOOKED FULL

PROFIT

22/05/14 NCDEX GUARSEED JUNE SELL 5130 5100-5050 5180 NOT EXECUTED

22/05/14 JPY/INR MAY BUY 58.44 58.60-58.80 58.24 NOT EXECUTED

22/05/14 JPY/INR MAY SELL 58.20 58.15-57.95 58.40 NOT EXECUTED

22/05/14 EUR/INR MAY SELL 80.48 80.33-80.13 80.68 NOT EXECUTED

22/05/14 EUR/INR MAY BUY 80.75 80.90-81.10 80.45 NOT EXECUTED

Date Scrip

CASH/

FUTURE/

OPTION

Strategy Entry Level Target Stop Loss Remark

22/05/14 NIFTY FUTURE SELL 7300 7250-7200 7350 CALL OPEN

22/05/14 IBREALEST FUTURE BUY 90-91 93-95 88 BOOKED FULL

PROFIT

22/05/14 VOLTAS FUTURE SELL 190-192 186-182 195 SL TRIGGERD

22/05/14 NAV BHARAT VEN-TURES

CASH BUY 220-225 240-250 200 BOOKED PROFIT

21/05/14 IDFC FUTURE BUY 135-140 145-150 128 CALL OPEN

DAILY REPORT

23rd MAY 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, MAY 19

NONE SCHEDULED

TUESDAY, MAY 20

NONE SCHEDULED

WEDNESDAY, MAY 21

2 PM FOMC MINUTES

THURSDAY, MAY 22

8:30 AM JOBLESS CLAIMS 5/17 N/A N/A

9:45 AM MARKET FLASH PMI APRIL -- 55.4

10 AM EXISTING HOME SALES APRIL 4.70 MLN 4.59 MLN

10 AM LEADING INDICATORS APRIL -- 0.8

FRIDAY, MAY 23

10 AM NEW HOME SALES APRIL 430,000 384,000