India's trade deficit in October narrowed sharply to USD 13.36 bn from USD 14.25 bn in the previous month cour- tesy decline in oil imports.

1. DAILY REPORT
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Global markets at a glance
Japanese shares led a tentative recovery in Asian shares on
Tuesday, drawing some support from two U.S. blockbuster
acquisitions and anticipation of more European monetary
stimulus. A day after shock data showing Japan slipping
into recession had rattled financial markets, Japan's Nikkei
rose 1.4 percent in early trade, erasing about a half of its
3.0 percent fall the previous day. MSCI's broadest index of
Asia-Pacific shares outside Japan was flat.
European shares turned solidly positive on Monday after
ECB President Mario Draghi reasserted that he was ready
to do more to fight deflation. The FTSEurofirst 300 index of
top European shares closed 0.5 percent higher at 1,352.01
points, extending gains after the European Central Bank
President said unconventional measures could include the
purchase of sovereign bonds.
Wall Street Update
The S&P 500 edged up to close at a record high on Monday
as deal activity worth $100 billion offset concerns about
overseas growth after Japan's economy slipped into reces-
sion. The Nasdaq closed lower, weighed down by Google,
which fell 1.5 percent to $546.64, and Gilead, down 1.6
percent at $100.44.
The Dow Jones industrial average rose 13.01 points, or 0.07
percent, to 17,647.75, the S&P 500 gained 1.5 points, or
0.07 percent, to 2,041.32, a record closing high. Nasdaq
Composite dropped 17.54 points, or 0.37 percent, to
4,671.00, while the small-cap Russell 2000 index ended
down 0.8 percent.
Previous day Roundup
After trading mostly weak, Indian shares made a sizzling
comeback in late trade today, as investors took cues from
positive trade balance data that reiterated the view that
the Indian economy is slowly coming back on track. Early
on, both the Sensex and the Nifty trading marginally below
the dotted line but surged later to log fresh all-time highs.
Index stats
The Market was very volatile in last session. The sartorial
indices performed as follow; Consumer Durables [up
89.78pts], Capital Goods [up 30.48pts], PSU [up 115.76pts],
FMCG [up 15.32pts], Realty [up pts], Power [up pts], Auto
[up 266.87pts], Healthcare [down 22.44pts], IT [up
31.30pts], Metals [down 62.93Pts], TECK [up 26.98pts],
Oil& Gas [up 89.56pts].
World Indices
Index Value % Change
D J l 17647.75 +0.07
S&P 500 2041.32 +0.07
NASDAQ 4671.00 -0.37
EURO STO 3084.79 +0.81
FTSE 100 6671.97 +0.25
Nikkei 225 17251.36 +1.64
Hong Kong 23665.98 -0.55
Top Gainers
Company CMP Change % Chg
SBIN 2,942.00 154.15 5.53
BANKBARODA 1,059.00 44.20 4.36
TATAMOTORS 545.15 21.25 4.06
ASIANPAINT 691.30 19.10 2.84
PNB 963.70 25.10 2.67
Top Losers
Company CMP Change % Chg
JINDALSTEL 153.50 5.05 -3.19
DLF 138.90 3.40 -2.39
ULTRACEMCO 2,560.00 56.00 -2.14
NMDC 152.10 2.75 -1.78
TECHM 2,595.00 43.00 -1.63
Stocks at 52 Week’s High
Symbol Prev. Close Change %Chg
ASIANPAINT 691.30 19.10 2.84
BANKBARODA 1,059.00 44.20 4.36
BAJAJ-AUTO 2,665.00 12.15 0.46
HDFCBANK 919.20 -10.90 -1.17
INFY 4,210.00 18.35 0.44
Indian Indices
Company CMP Change % Chg
NIFTY 8430.75 +40.85 +0.49
SENSEX 28177.88 +131.22 +0.47
Stocks at 52 Week’s Low
Symbol Prev. Close Change %Chg
- -

2. DAILY REPORT
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NOVEMBER 2014
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STOCK RECOMMENDATIONS [FUTURE]
1. TATA MOTOR[FUTURE]
TATA MOTOR FUTURE is looking strong on charts, long build
up has been seen, we may see more upside, if it sustains
above 540 levels. We advise buying around 540-545 levels
with strict stop loss of 535 for the targets of 550-560.
2. REC CAP [FUTURE]
REL CAP FUTURE is looking strong on charts, long build up
has been seen, we may see more upside, if it sustains above
500 levels. We advise buying around 500-505 levels with
strict stop loss of 490 for the targets of 515-525 levels.
EQUITY CASH & FUTURE
STOCK RECOMMENDATION [CASH]
1. PFC CAP
PFC LTD is looking strong on charts, we may see more up-
side, if it sustains above 300 levels. We advise buying
around 295-300 levels with strict stop loss of 285 for the
targets of 310-315 levels.
MACRO NEWS
Result Today - Gammon Infra
India's trade deficit in October narrowed sharply to USD
13.36 bn from USD 14.25 bn in the previous month cour-
tesy decline in oil imports. However, on an annual basis,
trade deficit has surged 26.1 percent to USD 13.36 bn.
India's imports fell to USD 39.45 bn from USD 43.15 bn
in September, but on a YoY basis, it has increased 3.16
percent. Oil and gold are the key contributors to India's
import bill. Oil imports fell to USD 12.36 bn as against
USD 14.50 bn, on a MoM basis. Non-oil imports stood at
USD 27.08 bn as against USD 28.65 bn, m-o-m
ONGC on Friday posted a 10 percent fall in quarterly
profit, its first drop after four quarters of growth, as
lower crude prices hurt profitability from both onshore
and offshore blocks. Separately, the company said its
board had approved investments of over 106 billion ru-
pees ($1.71 billion) to boost production from two west-
ern offshore formations.
Buoyant stock markets helped attract over Rs 39,000
crore in equity mutual fund schemes in the first seven
months of current fiscal (2014-15). In the April-October
period of 2013-14, such schemes had seen a net outflow
of over Rs 8,500 crore.

3. DAILY REPORT
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FUTURE & OPTION
MOST ACTIVE PUT OPTION
Symbol Op-
tion
Type
Strike
Price
LTP Traded
Volume
(Contracts)
Open
Interest
NIFTY PE 8,400 42.4 8,28,517 42,88,525
NIFTY PE 8,300 19.6 7,80,922 62,87,600
NIFTY PE 8,200 9.4 5,23,261 54,51,925
BANKNIFTY PE 17,000 34.9 31,084 5,87,425
SBIN PE 2,800 12.5 24,610 6,59,375
SBIN PE 2,700 4.5 12,560 7,19,250
TATAMOTORS PE 540 7.3 3,650 4,79,000
TATAMOTORS PE 530 4.3 3,111 5,20,000
MOST ACTIVE CALL OPTION
Symbol Op-
tion
Type
Strike
Price
LTP Traded
Volume
(Contracts)
Open
Interest
NIFTY CE 8,400 91.7 8,86,519 51,26,225
NIFTY CE 8,500 38.95 8,57,814 58,36,175
NIFTY CE 8,600 12.8 4,45,219 49,18,675
BANKNIFTY CE 18,000 68 56,256 4,21,600
SBIN CE 3,000 32.4 28,579 7,71,875
TATAMOTORS CE 540 14.05 6,727 5,08,500
RELAINCE CE 1,000 10.55 6,459 26,18,000
RELCAP CE 500 15.75 6,388 12,68,500
FII DERIVATIVES STATISTICS
BUY OPEN INTEREST AT THE END OF THE DAYSELL
No. of
Contracts
Amount in
Crores
No. of
Contracts
Amount in
Crores
No. of
Contracts
Amount in
Crores
NET AMOUNT
INDEX FUTURES 35726 852.57 45733 1087.91 877582 19588.50 -235.34
INDEX OPTIONS 572849 13441.45 586657 13673.34 2809598 67931.07 -231.90
STOCK FUTURES 72255 2192.00 86240 2665.37 1690251 50618.52 -473.37
STOCK OPTIONS 99482 3208.54 100963 3262.30 96207 3056.72 -53.75
TOTAL -994.37
STOCKS IN NEWS
Will ease debt to Rs 25,000 cr by March 2016: Reli-
ance Comm
To raise equity via QIP, IPO, PE to pare debt: GVK
Power
Axis Bank hits overseas debt market with $500mn
issue
FTIL signs pact to sell Mauritius-based bourse for Rs
250cr
Reliance Communications Q2 profit dives 77 pct
Adani lines up $1-bn SBI loan for Australian coal asset.
NIFTY FUTURE
NIFTY FUTURE is looking strong on charts, we advise buy-
ing around 8400 levels for the targets of 8440-8480 lev-
els with stop loss of 8360 levels.
INDICES R2 R1 PIVOT S1 S2
NIFTY 8,494.98 8,462.87 8,405.98 8,373.87 8,316.98
BANK NIFTY 17,802.77 17,721.58 17,595.42 17,514.23 17,388.07

4. DAILY REPORT
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YOUR MINTVISORY Call us at +91-731-6642300
NCDEX
RECOMMENDATIONS
SILVER
TRADING STRATEGY:
BUY SILVER DEC ABOVE 36000 TGTS 36200,36500 SL BE-
LOW 35700
SELL SILVER DEC BELOW 35550 TGTS 35350,35050 SL
ABOVE 35850
GOLD
TRADING STRATEGY:
BUY GOLD DEC ABOVE 26550 TGTS 26630,26730 SL BE-
LOW 26460
SELL GOLD DEC BELOW 26300 TGTS 26220,26120 SL
ABOVE 26380
COMMODITY ROUNDUP
Nickel prices moved up by 0.36% to Rs 973.30 per kg in fu-
tures trading yesterday as speculators created fresh posi-
tions amid metal's strength at the London Metal Exchange
(LME) and rising demand at domestic spot markets. At the
Multi Commodity Exchange, nickel for delivery in December
contracts rose by Rs 3.50, or 0.36%, to Rs 973.30 per kg in
business turnover of 13 lots. Metal for delivery in current
month gained Rs 3.40, or 0.35%, to Rs 966 per kgs in busi-
ness volume of 297 lots. A firming trend at the spot markets
on the back of pick up in demand from alloy makers,
metal's strength at the LME amid concern supply could be
disrupted at Cerro Matoso nickel mine, the world's second-
largest mine, mainly influenced prices at futures trade here.
Meanwhile, workers at the Cerro Matoso nickel mine in
Colombia will meet November 21 to decide on their plans
to strike. Globally, nickel for delivery in three months con-
tracts rose 0.70% to 15,690 dollar a metric tonne at the
LME.
Clocking their biggest single-day gain this year, gold prices
on Saturday soared by Rs 715, or 2.74 per cent, to Rs
26,850 per 10g in the Delhi market on a pick-up in wedding
season demand coupled with strong global cues.
Silver also recorded a massive gain of Rs 2,100 to Rs 36,700
a kg on increased off-take by industrial units and coin mak-
ers. Sentiment bolstered after gold surged by over $40 to a
two-week high of $1,193.34 an ounce in New York on Fri-
day, the highest since October 31. Weakening of the dollar
also raised demand of gold as a safe-haven and an alterna-
tive investment,
Lead futures rose by 0.20% to Rs 126.85 per kg yesterday as
speculators enlarged positions amid rise in domestic spot
demand from battery makers. At the Multi Commodity Ex-
change, lead for delivery in December traded higher by 25
paise, or 0.20%, at Rs 126.85 per kg, with a turnover of
three lots. While, the commodity for delivery in current
month moved up by 15 paise, or 0.12%, to Rs 125.90 per kg
in a turnover of 159 lots. A firming trend at the domestic
spot markets on the back of rising demand from battery
makers influenced lead prices at futures trade but a weak
trend overseas restricted gains.

5. DAILY REPORT
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RECOMMENDATIONS
DHANIYA
BUY DHANIYA DEC ABOVE 12650 TGTS 12680,12730 SL
12600
SELL DHANIYA DEC BELOW 12600 TGTS 12670,12520 SL
12650
GUARSGUM
BUY GUARGUM DEC ABOVE 13980 TGTS 14030,14130 SL
13890
SELL GUARGUM DEC BELOW 13850 TGTS 13800,13700 SL
13940
NCDEX
NCDEX ROUNDUP
Indian coffee growers and exporters can expect better days
ahead, both in terms of higher domestic production and
prices in the international market. While domestic produc-
tion is set to be the highest ever, in the range of 340,000
tonnes, current Arabica prices are in the range of 196 cents
per lb (pound) — a rise of 94 per cent over an year-ago pe-
riod, when the prices slipped to a low of 101 cents per lb.
The daily price of the International Coffee Organisation
(ICO) composite jumped from 169.63 cents/lb at the begin-
ning of October to a high of 185.09 cents/lb, before falling
to 162.08 cents/lb by the end of the month. The monthly
average of 172.88 cents/lb is the highest since February
2012, about 6.9 per cent higher than September.
Indian Sugar Mills Association has unassailable logic in ask-
ing the government to allow export of at least 1.5 million
tonnes (mt) of the sweetener, supported by an adequate
incentive in the 2014-15 season (October to September).
The season's opening stocks of 7.5 mt will leave the industry
with a surplus of 2.5 mt after meeting domestic demand for
the first two and a half months ahead of market arrival of
new sugar. Export compulsion remains, since the 2014-15
production estimated by Isma is again in excess of domestic
requirements.
NCDEX INDICES
Index Value % Change
CASTOR SEED 4705 -1.24
CHANA 3185 -0.96
CORIANDER 12000 +0.39
COTTON SEED 1331 +0.45
GAUR SEED 4869 +0.25
JEERA 12230 +1.66
MUSTARDSEED 3880 -0.18
SOYBEAN 3227 -0.43
SUGAR M GRADE 2745 +0.15
TURMERIC 6278 +1.29

6. DAILY REPORT
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GBP/INR
SELL GBP-INR BELOW 96.7000 TGT 96.5000,96.2000 SL
96.9500
BUY GBP-INR ABOVE 97.0000 TGT 97.2000,97.5000 SL
96.7500
EUR/INR
BUY EUR-INR ABOVE 77.4800 TGT 77.6800,77.9800 SL
77.2300
SELL EUR-INR BELOW 77.2000 TGT 77.0000,76.7000 SL
77.4500
CURRENCY MARKET UPDATES:
The Indian rupee fell for a third consecutive session on
Monday, trading near its lowest in a month, after data
showing Japan slipping into recession sparked worries about
global growth even though recent foreign inflows to India
have been strong. Concerns about global growth were rein-
forced after data on Monday showed India's exports in Oc-
tober fell 5 percent from a year earlier, even as the trade
deficit narrowed from September.
The dollar's recent strength has pushed the rupee down 0.6
percent so far this month at a time when the benchmark 10
-year bond yields have hit 15-month lows and domestic
stock indexes have hit record highs. The dollar pulled back
from seven-year highs against the yen on Monday after
data showing that Japan's economy fell into a recession sent
equities sharply lower overnight, fuelling demand for the
traditional safe haven yen. USD/JPY initially hit hits of
117.04 before retracing gains to trade at 115.89, off 0.34%
for the day.
The US dollar index, which tracks the performance of the
greenback against a basket of six major currencies, dipped
0.06% to 87.56, not far from Friday's more than four-year
highs of 88.36.
The partially convertible rupee closed at 61.73/74 per dollar
versus its previous close of 61.72/73. The rupee had hit its
lowest level in nearly a month on Friday.
The falls on Monday came as global shares tumbled after
data showed Japan had unexpectedly slipped into recession
in the third quarter, setting the stage for Prime Minister
Shinzo Abe to delay an unpopular sales tax hike and call a
snap election. In the offshore non-deliverable forwards, the
one-month contract was at 61.98/62.08, while the three-
month was at 62.54/64.
RBI Reference Rate
Currency Rate Currency Rate
Rupee- $ 61.6780 Yen-100 53.2800
Euro 77.3565 GBP 96.9393
MCX COMMODITIES & CURRENCY

7. DAILY REPORT
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CALL REPORT
PERFORMANCE UPDATES
Date
Commodity/ Currency
Pairs
Contract Strategy Entry Level Target Stop Loss Remark
17/11/14 MCX GOLD DEC. BUY 26550 26630-26730 26460 NOT EXECUTED
17/11/14 MCX GOLD DEC. SELL 26380 26300-26200 26470 BOOKED PROFIT
17/11/14 MCX SILVER DEC. BUY 36300 36500-36800 36000 NOT EXECUTED
17/11/14 MCX SILVER DEC. SELL 35800 35600-35300 36100 SL TRIGGERED
17/11/14 NCDEX GUARGUM NOV. BUY 14100 14160-14260 14010 BOOKED PROFIT
17/11/14 NCDEX GUARGUM NOV. SELL 13760 13730-13680 13810 BOOKED PROFIT
17/11/14 NCDEX DHANIYA NOV. BUY 12580 12610-12660 12530 BOOKED PROFIT
17/11/14 NCDEX DHANIYA NOV. SELL 12480 12450-12400 12530 NOT EXECUTED
17/11/14 JPY/INR NOV. BUY 53.2500 53.45-54.00 53.00 BOOKED PROFIT
17/11/14 JPY/INR NOV. SELL 53.1000 52.90-52.60 53.35 NOT EXECUTED
17/11/14 GBP/INR NOV. BUY 96.8000 96.60-96.30 97.05 SL TRIGGERED
17/11/14 GBP/INR NOV. SELL 97.1000 97.30-97.60 96.85 BOOKED PROFIT
Date Scrip
CASH/
FUTURE/
OPTION
Strategy Entry Level Target Stop Loss Remark
17/11/14 NIFTY FUTURE BUY 8450-8460 8500-8550 8400 CALL OPEN
17/11/14 SIEMENS FUTURE BUY 910-920 940-960 880 CALL OPEN
17/11/14 COALINDIA FUTURE BUY 350-355 365-375 340 CALL OPEN
17/11/14 OMAX CASH BUY 58-60 64-68 55 CALL OPEN
13/11/14 HOTEL LEELA CASH BUY 24-25 28-30 22 CALL OPEN
12/11/14 SYNDICATE BANK FUTURE BUY 128-130 135-139 125 CALL OPEN
07/11/14 ZUARI AGRO CASH BUY 280-290 315-330 260 CALL OPEN

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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, NOV. 17
8:30 AM EMPIRE STATE INDEX NOV. 12.5 6.2
9:15 AM INDUSTRIAL PRODUCTION OCT. 0.2% 1.0%
9:15 AM CAPACITY UTILIZATION OCT. 79.4% 79.3%
TUESDAY, NOV. 18
8:30 AM PRODUCER PRICE INDEX OCT. -0.1% -0.1%
10 AM HOME BUILDERS' INDEX NOV. 55 54
WEDNESDAY, NOV. 19
8:30 AM HOUSING STARTS OCT.
2 PM FOMC MINUTES
THURSDAY, NOV. 20
8:30 AM WEEKLY JOBLESS CLAIMS NOV. 15 N/A 290,000
8:30 AM CONSUMER PRICE INDEX OCT. 0.0% 0.1%
8:30 AM CORE CPI OCT. 0.2% 0.1%
9:45 AM MARKIT FLASH PMI NOV. -- 55.9
10 AM EXISTING HOME SALES OCT. 5.10 MLN 5.17 MLN
10 AM PHILLY FED NOV. 22.2 20.7
10 AM LEADING INDICATORS OCT. -- 0.8%
FRIDAY, NOV. 21
NONE SCHEDULED