MorningMorning Call Call

August 5, 2013 5 August 2013 Domestic Close Previous Chg. % Markets end lower on weak rupee

SENSEX 30 19164.02 19317.19 -0.79%

NIFTY 50 5677.9 5727.85 -0.87%  Markets ended lower on the back of selling pressure witnessed in rate sensitive CNX 500 4314.95 4354 -0.90% shares as investors remained uncertain as to when the central bank will roll back its CNX MIDCAP 6702.2 6777.3 -1.11% short term rate hike aimed to curb rupee’s fall.

Global Close Previous Chg. %  Amongst, sectoral indices, banks realty, auto and metal indices dropped while

NIKKEI 14466.16 14005.77 3.29% consumer durables and IT indices gained. HANGSENG 22190.97 22,088.79 0.46%  Adani Enterprises fell by 11% on reports one of its group companies Adani Agro has FTSE 6647.87 6681.98 -0.51% an exposure of INR 3.25bn in castor seeds contract on the NSEL. NASDAQ 3689.588 3675.744 0.38%  Strides Arcolab rallied, after it received tentative approval from the US regulator from DJIA 15658.36 15628.02 0.19% anti-AIDS combination drug. Market depth Advance Decline T/O (mn) Global Macro NSE 378 929 115352 BSE 742 1534 18557  Euro zone producer prices rose 0.3%YoY in June 2013, reversing 0.2% fall in May

Curr. Spot Close Previous Chg. % 2013.

USD/INR 61.0950 60.4437 1.08%  U.S. jobless rate dropped to 7.4% in July 2013. Payrolls increased by 162,000 in EURO/INR 80.6891 80.0156 0.84% July 2013, following a revised 188,000 increase in June 2013. JPY/INR 0.6175 0.6070 1.73% GBP/INR Corporate Buzz. 92.5802 92.0881 0.53% G-Sec 10yr 8.2650 8.0800 2.29%  Coal India net profit down 16.5%YoY to INR 37.31bn in 1QFY14. Net sales down

0.17%YoY to INR 164.72bn.

Net Invest 31 Jul MTD CYTD  Jubilant Food Works net profit rose 5.13%YoY to INR 0.34bn in 1QFY14. Net sales ` FII’s (US$mn) 29 (986) 12355 grew 26.07%YoY to INR 3.96bn. MF’s(us$mn) 3 (364) (2574)  BHEL net profit down 50%YoY to INR 4.65bn in 1QFY14. Sales down 23.7%YoY to Nif. Gainers Chg. % Nif. Losers Chg. % INR 63.52bn. RANBAXY 4.06 POWERGRID -11.52  PFC net profit rose 23%YoY to INR 11.98bn in 1QFY14. Total income rose 27%YoY CAIRN 2.60 JPASSOCIAT -9.09 ACC 2.29 JINDALSTEL -8.08 to INR 50.17bn. AMBUJACEM 2.21 DLF -6.86  Sun TV Network net profit rose 0.08% to INR 1.64bn in 1QFY14. Total income rose LUPIN 2.08 BANKBAROD -5.84 41%YoY to INR 6.02bn. FII Deri. Buy (mn) Sell (mn) Net (mn)  Gateway Distriparks net profit down 14.6%YoY to INR 0.30bn in 1QFY14. Total INDEX FUT 13,834 19,482 -5,648 income rose 5%YoY to INR 2.46bn. IND.OPTIONS 139,609 128,896 10,713  Berger Paints consolidated net profit rose 10.58%YoY to INR 0.49bn in 1QFY14. STOCK FUT 22,380 20,325 2,055 Total income rose 12.57%YoY to INR 9.04bn. ST. OPTIONS 8,597 8,005 592  HCC swing to net profit of INR 0.19bn in 1QFY14 after several quarters of losses. ADR Chg. % ADR Chg. % Total income rose 18%YoY to INR 11.49bn. HDFC BANK -1.0% STERLITE -4.3%  Bajaj Auto reported a 20%YoY decline in motorcycle sales at 2, 46,828 units in July. ICICI BANK -3.2% TATA MOTOR 0.6%  TVS Motor to set up a two-wheeler assembly line in Uganda, also the company plans INFOSYS -0.2% WIPRO 0.1% to launch two motorcycle models in the African nation. DR.REDDY -2.4%

 Intellectual Property Appellate Board (IPAB) has revoked Glaxo SmithKline’s patent Commodities Close Previous Chg. % in India for its breast cancer drug Tykerb, BRENT CRUDE 108.95 109.54 -0.5%

GOLD $/OZ* 1309.25 1315.00 -0.4% SILVER $/OZ* 19.46 19.72 -1.3% Outlook COPPER $/MT Daily Nifty6989.50 6990.25 0.0%  Markets are expected to open on a flat note amidst mixed global cues. ALUM $/MT 1764.50 1766.75 -0.1% *LBMA

Daily Nifty

Supports / Resistances S1 S2 R1 R2

NIFTY 5600 5565 6100 5870 Nifty has been on a decline after testing resistance near 6100 levels. The Index has moved below 200 DMA; Nifty could continue its decline in short-term. The next support level is placed at 5600 level.

Upcoming Results

Aug 1, 2013 Aug 1, 2013 Aug 2, 2013 Aug 3, 2013 Aug 5, 2013 Aug 5, 2013

Adani Ports Indian Card Advance Meter Aksh Optifibre AGC Networks Morepen Lab Adani Power Industrial Inv Berger Paints Apcotex Ind Aptech NDTV Balkrishna Ind KLRF Deepak Nitrite BHEL Astral Poly Tec Reliance Broadc Bank of Baroda Nelcast ICRA Bhagyanagar Ind Cimmco Royal Orchid Canara Bank Power Grid Corp Lakshmi Mills Canara Bank EIH Shree Rama News Castrol Sundaram Brake Manali Petro D-Link India Firstsource Sol Sundaram Multi Ceat TataTeleservice Meghmani Organi Eurotex GTL Infra Symphony Cummins Timken Punj Lloyd FDC Graphite India TGB Banquets Dhunseri Petro Titan Ind Rossell India GSFC Guj Alkali Tata Chemicals Eimco Elecon Union Bank Siemens Godrej Consumer Guj Ind Power Vardhman Text Elgi Equipments TRF Grasim Hind Org Chem GeeCee Ventures TV TodayNetwork Oriental Bank Jai Balaji Ind GlaxoSmith Con Take Solutions PTC India Jindal Photo Glenmark Tube Investment Punjab Chemical KSB Pumps Idea Cellular Ugar Sugar Work Surana Ventures Lakshmi Machine

S1 S2 PIVOT R1 R2 Trading guidelines ACC 1119 1103 1159 1175 1215 AMBUJACEM 161 157 168 172 178 ASIANPAINT 482 470 499 511 527  This model is based on the premise that the PIVOT is the most AXISBANK 1059 1008 1076 1127 1144 important price level that decides the intraday trend. Much like how BAJAJ-AUTO 1914 1882 1940 1972 1998 the door or a window hangs by a hinge and sways in the wind, the BANKBARODA 481 464 528 545 591 intraday trend also hangs by this PIVOT LEVEL and swings BHARTIARTL 333 329 343 347 358 BHEL 145 142 153 156 164 because of the demand-supply, volatility and market sentiments BPCL 289 279 308 318 338 prevailing in the market. Hence its importance in intraday trading. CAIRN 279 273 293 299 313  Wait for the market price to stabilize after opening in the first 30 CIPLA 397 390 403 409 415 minutes of trading. COALINDIA 260 255 273 278 291 DLF 129 125 141 145 158  Opening Price is considered around close of previous day. Avoid DRREDDY 2231 2187 2280 2324 2373 BUYING if prices open abnormally high and avoid selling if prices GAIL 296 287 305 314 324 open too low. GRASIM 2593 2575 2629 2647 2683  If the market price is stable above the pivot level after 20-30 HCLTECH 918 910 935 942 959 HDFC 808 797 817 828 837 minutes of opening, then GO LONG and book profit near the HDFCBANK 621 604 629 646 655 resistant level (R1 & R2) HEROMOTOCO 1803 1783 1818 1837 1853  If the market price is stable below the pivot level after 20-30 HINDALCO 85 83 88 90 94 minutes of opening, then GO SHORT and book profit near the HINDUNILVR 616 595 628 649 662 ICICIBANK 899 878 913 934 948 support level (S1 & S2) IDFC 99 95 106 110 116 INDUSINDBK 379 358 389 409 419 Stop loss INFY 2950 2934 2972 2988 3011 ITC 332 329 341 344 353 Since you are aware of the 'potential returns' at the time of initiating an JINDALSTEL 196 191 202 208 213 intraday trade (difference between the entry price and profit targets), you JPASSOCIAT 30 27 33 36 39 should set up an appropriate STOP LOSS around 1% above / below of the KOTAKBANK 650 626 663 686 699 trade price or a level comfortable to you, to protect yourself if the market LT 826 808 845 862 882 LUPIN 859 843 874 889 904 turns and goes against you. M&M 847 829 885 903 941 MARUTI 1321 1303 1340 1359 1378 Alternate strategy NMDC 96 95 99 101 103 NTPC 129 126 132 135 139 If you have already initiated a trade with clear-cut profit targets and a stop ONGC 270 262 283 291 305 loss level, and find during the course of the trading day that the market PNB 520 507 551 564 595 turns and goes the other way and crosses the TREND LEVEL, then trade POWERGRID 101 97 102 106 107 RANBAXY 247 237 269 279 302 again: For instance, if your first trade was a LONG trade and the market RELIANCE 829 818 856 867 894 price drops through the TREND LEVEL to lower price levels, then GO RELINFRA 317 308 334 342 359 SHORT and if your first trade was a SHORT trade and the market price SBIN 1655 1631 1689 1713 1747 rises through the TREND LEVEL to higher price levels, then GO LONG. SESAGOA 123 120 127 129 134 SUNPHARMA 562 555 569 576 583 TATAMOTORS 284 280 289 294 299 S1, S2 are the immediate support levels. TATAPOWER 87 85 88 89 90 R1, R2 are the immediate resistance levels. TATASTEEL 204 199 212 217 224 TCS 1794 1769 1814 1838 1859 ULTRACEM 1800 1786 1818 1832 1849

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