DAILY REPORT

02nd JULY 2014

YOUR MINTVISORY Call us at +91-731-6642300

Global markets at a glance

European shares began the month with a gain, as BNP Paribas rose on relief it had settled a U.S. sanctions case and mining companies rallied after encouraging eco-nomic data came out of China, the world's top metals consumer. The pan-European FTSEurofirst 300 index closed up 0.9 percent at 1,382.31 points - notching its biggest one-day percentage gain since May 8.

Asian stocks scored a three-year peak on Wednesday af-ter a round of upbeat global economic data whetted risk appetites and helped Wall Street taste all-time highs. MSCI's broadest index of Asia-Pacific shares outside Ja-pan .MIAPJ0000PUS gained 0.38 percent to 495.69, heights not visited since May 2011. Japan's Nikkei .N225 added 0.7 percent to reach its highest in over five months.

Wall Street Update

The Dow and the S&P 500 closed at record highs on Tues-day as manufacturing activity picked up in the United States and Asia and increased optimism about the global economy's health.

The Dow and S&P 500 both scored record closing highs, as did the MSCI world equity index .MIWD00000PUS. The Dow .DJI gained 0.77 percent and the S&P 500 .SPX 0.67 percent, while the Nasdaq Composite .IXIC put on 1.14 percent.

Previous day Roundup

Markets gained for the 3rd straight day, amid strong buy-ing interest from FII, with auto and metal shares leading the gains. However, IT stocks retreated because of a weak growth forecast by Gartner. The Sensex climbed 102 pts to close at 25,516 and the Nifty advanced 23 pts to end at 7,635. In the broader markets, the smallcap index gained 1%. In intra-day, the S&P BSE Small-cap in-dex touched its highest level since Feb. 2008. Meanwhile, the midcap was up 0.6%, outperforming the Sensex which was up 0.4%.

Index stats

The Market was very volatile in last session. The sartorial indices performed as follow; Consumer Durables [down 87.12pts], Capital Goods [up 206.21pts], PSU [down 4.70pts], FMCG [up 22.94pts], Realty [up 21.44pts], Power [up 6.23pts], Auto [up 493.63pts], Healthcare [down 44.11pts], IT [down 87.32pts], Metals [up 265.94pts], TECK [down 29.14pts], Oil& Gas [down 60.77pts].

World Indices

Index Value % Change

D J l 16956.07 +0.77

S&P 500 1973.32 +0.67

NASDAQ 4458.65 +1.14

EURO STO 3258.71 +0.94

FTSE 100 6802.92 +0.87

Nikkei 225 15404.6 +0.51

Hong Kong 23434.02 +1.05

Top Gainers

Company CMP Change % Chg

HINDALCO 175.15 10.95 +6.67

MARUTI 2584.05 144.7 +5.93

TATAMOTORS 452.40 21.10 +4.89

M&M 1196.00 48.8 +4.25

TATASTEEL 540.7 12.30 +2.33

Top Losers

Company CMP Change % Chg

TECHM 2109.5 42.50 -1.97

BPCL 589.3 11.10 -1.85

ASIANPAINT 84.25 9.75 -1.64

WIPRO 538 8.40 -1.54

TCS 2395 30.40 -1.25

Stocks at 52 Week’s high

Symbol Prev. Close Change %Chg

ABB 1150 28.90 +2.58

BAJAJAUTO 2330.55 14.35 +0.62

BHARAT FORG 655.05 29.05 +4.64

CENTURYTEX 611 20.60 +3.66

GUJRAT GAS 497.8 82.95 +20.00

Indian Indices

Company CMP Change % Chg

NIFTY 7634.7 +23.35 +0.31

SENSEX 25516.35 +102.57 +0.40

Stocks at 52 Week’s Low

Symbol Prev. Close Change %Chg

DAILY REPORT

02nd JULY 2014

YOUR MINTVISORY Call us at +91-731-6642300

STOCK RECOMMENDATIONS [FUTURE]

1. CENTURY TEXTILE FUTURE

CENTURY TEXTILE FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sus-tains above 600 levels. We advise buying around 605-610 levels with strict stop loss 590 for the targets of 620-635.

2. HIND UNLEVER FUTURE

HIND UNILEVER FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sus-tains above 630 levels. We advise buying around 632-636 levels with strict stop loss 625 for the targets of 642-648.

EQUITY CASH & FUTURE

STOCK RECOMMENDATION [CASH]

1. GATI

GATI strong on daily chart. We advise buying around 125 level with strict stop loss 122.50 for the targets of 127.50-130

MACRO NEWS

Price of non-subsidized LPG was yesterday hiked by Rs 16.50 per cylinder and that of jet fuel by over half-a-per cent after international oil prices surged due to the ongo-ing Iraq crisis. The increase in rates of non-subsidized LPG and ATF accompanies the Rs 1.69 a litre hike in petrol and 50 paisa a litre in diesel announced on Monday.

The Coal Ministry is considering auctioning 25 captive coal blocks which where taken back from the companies due to their failure in developing them.

Manufacturing activity rose to a four-month high in June, albeit the pick-up was too gradual, shows a widely-tracked HSBC PMI. The index rose 51.5pts in June from 51.4pts in previous month. The reading above 50pts de-notes expansion and one below it shows contraction. PMI has been slowly picking up pace since April. However, it was nowhere close to 52.5 pts in Feb.

TV18 launches CNBC BAJAR, India’s 1st Gujarati biz chan-nel CNBC Bajar is partnered by Infibeam.com, in associa-tion with Adani and Ganesh Housing.

International rating agency Fitch said India's economic growth will accelerate to 5.5% this financial year and 6.5% in FY16 due to the clear mandate received by the pro-reform New govt.

DAILY REPORT

02nd 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 7,500 83.6 1,21,206 34,31,650

NIFTY PE 7,400 56.55 99,575 28,86,200

NIFTY PE 7,300 37.05 73,375 32,91,000

BANKNIFTY PE 15,000 288 4,151 3,19,850

MARUTI PE 2,500 54.45 1,181 43,125

RELIANCE PE 1,000 24.95 1,131 4,28,500

LT PE 1,700 46.95 1,032 1,69,750

HINDALCO PE 170 6.05 976 6,24,000

MOST ACTIVE CALL OPTION

Symbol Op-

tion

Type

Strike

Price

LTP Traded

Volume

(Contracts)

Open

Interest

NIFTY CE 7,800 87.5 1,33,019 36,37,200

NIFTY CE 8,000 31.9 93,751 62,92,950

NIFTY CE 7,700 131.3 80,316 27,21,250

BANKNIFTY CE 16,000 236 13,149 4,10,500

LT CE 1,800 37.3 3,225 5,91,250

MARUTI CE 2,600 103 2,582 32,375

IDFC CE 140 3.8 2,287 28,08,000

MCDOWELL-N CE 2,500 54.1 2,251 3,25,250

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 30160 1155.18 31389 1202.59 287058 11007.33 -47.41

INDEX OPTIONS 120304 4592.43 110590 4196.76 1209853 46192.24 395.67

STOCK FUTURES 83192 3157.00 64066 2493.06 1476228 55880.44 663.93

STOCK OPTIONS 35984 1358.86 36180 1371.12 61101 2304.51 -12.26

TOTAL 999.92

INDICES R2 R1 PIVOT S1 S2

NIFTY 7,665.47 7,650.08 7,634.12 7,618.73 7,602.77

BANK NIFTY 15,420.55 15,370.95 15,316.05 15,266.45 15,211.55

STOCKS IN NEWS

BHEL commissions Rajasthan discom's Rs 990-crore thermal unit

L&T bags Rs 2,442 cr order from BSNL

Maruti to launch smallest 800 cc diesel engine with 30 km/l mileage; to be used on Celerio

JK Tyres to up exports with Mexico plant.

Sterlite Technologies bags BSNL deal worth nearly Rs 2500 crore.

Tata Motors June vehicle sales down 27 pct y/y

NIFTY FUTURE

Nifty Future closed upside in the last trading session. We advise buying around 7680 levels with strict stop loss of 7630 for the targets of 7730-7780

DAILY REPORT

02nd JULY 2014

YOUR MINTVISORY Call us at +91-731-6642300

COMMODITY MCX

RECOMMENDATIONS

SILVER

TRADING STRATEGY:

BUY SILVER SEP ABOVE 45250 TGTS 45550,45790 SL 45000

SELL SILVER SEP BELOW 44900 TGTS 44750,44500 SL 45100

GOLD

TRADING STRATEGY:

BUY GOLD AUG ABOVE 27850 TGTS 27900,27980 SL 27730

SELL GOLD AUG BELOW 27640 TGTS 27590,27490 SL 27710

COMMODITY ROUNDUP

Fourteen months after the Supreme Court allowed mining in all categories of iron ore mines in Karnataka, production is slowly gathering pace. As regulatory bodies are moving slowly in granting approvals, so far, only 23 mines have re-started operations, with combined annual production of 21-22 million tonnes (mt). The mining sector expects the state government to execute five-six pending leases, which can add two mt to capacity. The state government has appealed to the Supreme Court to increase the cap on production from 30 mt to 40 mt.

Gold prices rose 0.47% to Rs 27,980 per 10 gram in as speculators created fresh positions taking positive cues from overseas markets. At MCX, gold for delivery in far-month October contracts traded at Rs 131, or 0.47%, to Rs 27,980 per 10 gram with a business turnover of 8 lots. Au-gust gold moved up by Rs 120, or 0.43%, to Rs 27,896 per 10 gram, with a trade volume of 179 lots. Increased posi-tions built-up by speculators influenced gold futures. The precious metal traded at almost three-month high in global markets with holdings in the SPDR, the biggest gold-backed exchange-traded product, expanding 0.7% yester-day. Globally, gold climbed 0.90% to $1,326.90 an ounce in New York in yesterday's trade.

Metal prices have moved up in the past month amid expec-tations of a revival in global demand, following positive eco-nomic data reported by developing and developed econo-mies. While zinc prices on the London Metal Exchange jumped 5.76 per cent to settle on Tuesday at $2,193.5 a tonne, lead followed suit and recorded a gain of 2.13 per cent to reach $2,129 a tonne. Both copper and aluminium, however, remained volatile and closed with a marginal gain of less than one per cent in the period. Copper and alumin-ium settled on Tuesday at $7,015 a tonne and $1,837.5 a tonne from the level of $6,995.5 a tonne and $1,823.5 a tonne, respectively, a month ago.

Zinc futures traded a shade lower at Rs 133.20 per kg today as speculators trimmed positions amidst a weak global trend. At the MCX, zinc for delivery in July traded lower by 30 paise, or 0.15%, to Rs 133.20 per kg in business turnover of 1,307 lots. Likewise, the metal prices for delivery in Au-gust shed 5 paise, or 0.04%, to Rs 133.95 per kg in 33 lots. Attributed the fall in zinc futures to a weak global trend where it fell from the highest since February last year as some investors judged the recent rally as excessive.

DAILY REPORT

02nd JULY 2014

YOUR MINTVISORY Call us at +91-731-6642300

RECOMMENDATIONS

DHANIYA

BUY DHANIYA JUL ABOVE 10120 TGTS 10150,10200 SL

10070

SELL DHANIYA JUL BELOW 10925 TGTS 10895,10845 SL

10975

GUARSEED

BUY GUARSEED JUL ABOVE 5635 TGTS 5665,5705 SL 5585

SELL GUARSEED JUL BELOW 5570 TGTS 5540,5490 SL 5620

NCDEX

NCDEX INDICES

Index Value % Change

Castor Seed 4440 -0.49

Chana 2799 -3.98

Coriander 10971 -1.14

Cotton Seed Oilcake 1668 -0.48

Guarseed 5590 -3.54

Jeera 11220 -0.36

Mustard seed 3482 -1.72

Soy Bean 4045 -1.20

Sugar M Grade 3111 -0.64

Turmeric 6510 -0.97

NCDEX ROUNDUP

Refined soya oil remained higher for the second day and

prices rose further by 0.51% to Rs 697 per 10 kg in futures trade yesterday as speculators enlarged their positions, tracking a firm trend at spot market on rising demand. At the NCDEX, refined soya oil for delivery in July added Rs 3.55, or 0.51% to Rs 697 per 10 kg with an open interest of 53,740 lots. In a similar fashion, the oil for delivery in August contract edged up by Rs 2, or 0.29% to Rs 684.95 per 10 kg

in 1,56,730 lots. Apart from firming trend at spot market on strong demand, restricted arrivals from producing belts mainly kept refined soya oil higher at futures trade.

So far this kharif season, farmers have completed just 30-40 per cent of nursery sowing of onions, owing to deficient rains in major growing areas. This might lead to a shortage during seed transplantation and, consequently, lower pro-duction.

Refined soya oil remained higher for the second day and prices rose further by 0.51% to Rs 697 per 10 kg in futures trade yesterday as speculators enlarged their positions, tracking a firm trend at spot market on rising demand. At the NCDEX, refined soya oil for delivery in July added Rs 3.55, or 0.51% to Rs 697 per 10 kg with an open interest of 53,740 lots. In a similar fashion, the oil for delivery in August contract edged up by Rs 2, or 0.29% to Rs 684.95 per 10 kg in 1,56,730 lots. Apart from firming trend at spot market on strong demand, restricted arrivals from producing belts mainly kept refined soya oil higher at futures trade.

DAILY REPORT

02nd JULY 2014

YOUR MINTVISORY Call us at +91-731-6642300

GBP/INR

BUY GBP/INR ABOVE 103.58 TGTS 103.73, 103.88 SL 103.37.

SELL GBP/INR BELOW 103.28 TGTS 103.13, 102.98 SL 103.49.

USD/INR

BUY USD/INR ABOVE 60.54 TGTS 60.69, 60.84 SL 60.33.

SELL USD/INR BELOW 60.29 TGTS 60.14, 59.99 SL 60.50.

CURRENCY ROUNDUP

The Indian rupee rose on Tuesday tracking stronger domes-

tic shares after foreign investors made their biggest single-

day purchase of local stocks in nearly three weeks, while the

absence of any central bank intervention also helped. The

partially convertible rupee closed at 60.07/08 per dollar

compared with 60.17/18 on Monday.

The U.S. dollar was dull in contrast, making only slight gains

on both the euro EUR= and yen JPY=. Its currency basket

index .DXY inched up to 79.823 from a two-month trough of

79.740. The pound scurried as far as $1.7167 GBP=D4, its

highest since October 2008. The Aussie jumped almost a

cent to above 95 U.S. cents AUD=D4 for the first time since

early November. It last traded at $0.9493.

The Reserve Bank of India bought a net $14.51 billion in the

forward market in May compared with net forward dollar

sales of $6.09 billion in April, according to Reuters calcula-

tions based on data available on the central bank web site.

India attracted 68.09 billion rupees ($1.13 billion) worth of

bids from foreign investors in its auction of government

debt limits on Tuesday, higher than the 55.16 billion rupees

on offer, according to three dealers.

Crude oil prices dipped slightly on Tuesday on easing con-

cerns of supply disruptions due to the conflicts in Iraq and

Ukraine, whilst gaining some support from upbeat manufac-

turing data in China, the world's second-biggest oil con-

sumer. U.S. Treasuries yields rose on Tuesday after traders

reconsidered bullish bets on U.S. bonds ahead of Thursday's

U.S. nonfarm payrolls report, while strong U.S. and Chinese

manufacturing data stymied safe-haven bids.

The Reserve Bank of India said on Tuesday it accepted all 45

bids for 166.79 billion rupees ($2.78 billion) at its one-day

repo auction, through which it injects liquidity into the

banking system. Indian banks' refinancing with RBI rise to

323.19 billion rupees. Indian banks' cash balances with RBI

rise to 3.30 trillion rupees.

CURRENCY

RBI Reference Rate

Currency Rate Currency Rate

Rupee- $ 60.1370 Yen-100 59.2700

Euro 82.2830 GBP 102.8343

DAILY REPORT

02nd 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

01/07/14 MCX GOLD AUG. BUY 27780 27820-27920 27710 NOT EXECUTED

01/07/14 MCX GOLD AUG. SELL 27540 27490-27390 27610 NOT EXECUTED

01/07/14 MCX SILVER JULY BUY 44630 44780-44890 44430 SL TRIGGERED

01/07/14 MCX SILVER JULY SELL 43750 43600-43400 43950 NOT EXECUTED

01/07/14 NCDEX GUARSEED JULY BUY 5870 5900-5950 5820 NOT EXECUTED

01/07/14 NCDEX GUARSEED JULY SELL 5755 5725-5675 5805 BOOKED FULL

PROFIT

01/07/14 NCDEX DHANIYA JULY BUY 11140 11170-11120 11090 BOOKED FULL

PROFIT

01/07/14 NCDEX DHANIYA JULY SELL 11055 11025-10975 11105 BOOKED FULL

PROFIT

01/07/14 JPY/INR JULY BUY 59.56 60.01-60.16 59.65 BOOKED PROFIT

01/07/14 JPY/INR JULY SELL 59.56 59.41-59.26 59.77 NOT EXECUTED

01/07/14 GBP/INR JULY BUY 103.26 103.41-103.56 103.05 NOT EXECUTED

01/07/14 GBP/INR JULY SELL 102.96 102.81-102.66 103.17 BOOKED FULL

PROFIT

30/06/14 MCX GOLD AUG. BUY 27800 27900-28150 2700 NO PROFIT NO

LOSS

30/06/14 MCX GOLD AUG. SELL 27600 27500-27350 27720 SL TRIGGERED

30/06/14 MCX SILVER JULY BUY 44850 45050-45350 44600 NOT EXECUTED

30/06/14 MCX SILVER JULY SELL 44400 44250-43900 44750 BOOKED FULL

PROFIT

Date Scrip

CASH/

FUTURE/

OPTION

Strategy Entry Level Target Stop Loss Remark

01/07/14 NIFTY FUTURE BUY 7625 7675-7725 7575 NOT EXECUTED

01/07/14 JSWENERGY FUTURE BUY 81-82 84-85 78 CALL OPEN

01/07/14 IDFC FUTURE BUY 132-135 138-140 128 CALL OPEN

01/07/14 SONATA SOFT CASH BUY 83.75 85.25-86.75 82.25 SL TRIGGERED

26/06/14 IRB FUTURE BUY 225-228 234-238 221 BOOKED FULL

PROFIT

16/06/14 HINDUNILVR FUTURE BUY 635-640 655-675 610 CALL OPEN

10/06/14 POWER GRID FUTURE SELL 135 142-145 130 BOOKED PROFIT

DAILY REPORT

02nd 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, JUNE 30

9:45 am Chicago PMI June 64.7 65.5

10 am Pending home sales May -- 0.4%

TUESDAY, JULY 01

9:45 am Markit PMI June -- 57.5

10 am ISM June 55.7% 55.4%

10 am Construction spending May 0.5% 0.2%

TBA Motor vehicle sales June 16.5 mln 16.8 mln

WEDNESDAY, JULY 02

8:15 am ADP employment June -- 179,000

10 am Factory orders May 0.3% 0.7%

THURSDAY, JULY 03

8:30 am Weekly jobless claims 6/28 N/A N/A

8:30 am Nonfarm payrolls June 220,000 217,000

8:30 am Unemployment rate June 6.3% 6.3%

8:30 am Trade balance May -$45.0 bln -$47.2 bln

10 am ISM nonmanufacturing June 56.5% 56.3%

FRIDAY, JULY 04

Independence Day None scheduled