Renewed concern over Greece and weak results at compa- nies such as Siemens and Philips put an end to a winning run for European stock markets on Tuesday.

1. DAILY REPORT
28
th
JANUARY 2015
YOUR MINTVISORY Call us at +91-731-6642300
Global markets at a glance
Asian stock markets followed Wall Street into the red early
on Wednesday, while the euro managed a rare rally on
speculation the Federal Reserve could take a dovish turn in
its post-meeting statement later in the session.
Renewed concern over Greece and weak results at compa-
nies such as Siemens and Philips put an end to a winning
run for European stock markets on Tuesday.
Asian stock markets followed Wall Street into the red on
Wednesday, while the dollar was on edge following specu-
lation the Federal Reserve could take a dovish turn in its
post-meeting statement later in the session.
Wall Street Update
U.S. stocks closed more than 1 percent lower on Tuesday
as disappointing results from a number of bellwether com-
panies pointed to weakening conditions, while an unex-
pected decline in durable goods orders also weighed on
sentiment. The day's losses were broad, with nine of the 10
primary S&P 500 sectors lower on the day, though tech
SPLRCT was the biggest drag by far.
Previous day Roundup
Bulls remained in power for the eighth consecutive session
on Tuesday as the frontline indices ended at fresh record
closing high. It was looked like a consolidation day in morn-
ing but in last hour of trade, the market gained huge
strength supported mainly by banks. The 30-share BSE Sen-
sex hit an intraday high of 29618.59, before closing up
292.20 points or 1 percent at 29571.04. The 50-share NSE
Nifty ended above the 8900-mark for the first time, up
74.90 points or 0.85 percent at 8910.50. In last eight ses-
sions, the Sensex surged more than 2,200 points and Nifty
added over 600 points.
Index stats
The Market was very volatile in last session. The sartorial
indices performed as follow; Consumer Durables [up
42.44pts], Capital Goods [up 312.95pts], PSU [down
9.74pts], FMCG [up 92.43pts], Realty [up 17.26pts], Power
[up 19.19pts], Auto [up 249.00Pts], Healthcare [up
53.17pts], IT [down 186.02pts], Metals [down 62.97Pts],
TECK [down 66.28pts], Oil& Gas [up 4.54pts].
World Indices
Index Value % Change
D J l 17,387.21 -1.65
S&P 500 2,029.55 -1.34
NASDAQ 4,681.50 -1.89
EURO STO 3,372.58 -1.22
FTSE 100 6,811.61 -0.60
Nikkei 225 17,748.03 -0.11
Hong Kong 24785.87 -0.09
Top Gainers
Company CMP Change % Chg
AXISBANK 593.25 28.10 4.97
CIPLA 706.50 28.85 4.26
ICICIBANK 383.80 13.10 3.53
ITC 360.65 11.20 3.21
ASIANPAINT 889.50 27.40 3.18
Top Losers
Company CMP Change % Chg
DRREDDY 3,201.00 148.60 -4.44
CAIRN 239.25 9.10 -3.66
INFY 2,137.55 77.50 -3.50
M&M 1,320.50 41.40 -3.04
COALINDIA 384.00 10.70 -2.71
Stocks at 52 Week’s Low
Symbol Prev. Close Change %Chg
ABGSHIP 206.75 -1.65 -0.79
MCLEODRUSS 207.50 -4.15 -1.96
Indian Indices
Company CMP Change % Chg
NIFTY 8910.50 +74.90 +0.85
SENSEX 29571.04 +292.20 +1.00
Stocks at 52 Week’s High
Symbol Prev. Close Change %Chg
AMARAJABAT 895.00 45.60 5.37
ASIANPAINT 889.50 27.40 3.18
CIPLA 706.50 28.85 4.26
EXIDEIND 198.75 -3.00 -1.49
HDFCBANK 1,068.00 25.20 2.42
ICICIBANK 383.80 13.10 3.53

2. DAILY REPORT
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JANUARY 2015
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STOCK RECOMMENDATIONS [FUTURE]
1. MARUTI [FUTURE]
MARUTI FUTURE is looking strong on charts, long build up
has been seen, we may see more upside, if it sustains above
3700 levels. We advise buying around 3650-3700 levels
with strict stop loss of 3600 for the targets of 3750-3800
levels.
2. PTC INDIA [FUTURE]
PTC FUTURE is looking strong on charts, long build up has
been seen, we may see more upside, if it sustains above 98
levels. We advise buying around 98-99 levels with strict
stop loss of 97 for the targets of 101-104 levels.
EQUITY CASH & FUTURE
STOCK RECOMMENDATION [CASH]
1. BAKAK FINSERV (CASH)
BAJAJ FINSERV is looking strong on charts, we may see
more upside, if it sustains above 1380 levels. We advise
buying around 1370-1380 levels with strict stop loss of
1350 for the targets of 1400-1450 levels.
MACRO NEWS
Union Bank of India has disappointed street with the Q3
net profit falling 8.1% yoy to Rs 302.4cr, impacted by
higher provisions. Other income, however, supported
the bottom-line but asset quality of the bank deterio-
rated during the quarter.
Maruti Suzuki missed street expectations on Tuesday
with the third quarter net profit rising 18% yoy to Rs 802
crore, led by higher volumes, material cost reduction
initiatives and favorable forex.
The Department of Telecommunications (DoT) has de-
ferred the auction of telecom spectrum by a week to
March 4.The auction for spectrum in 800-, 900-, 2100-
and 1800-MHz band was originally slated to start from
February 25 this year.
India’s current account which has been consistently in
deficit over the last 10 years is likely to swing into a mi-
nor surplus of 0.3 per cent of GDP in 2015, says a Mor-
gan Stanley report. According to the global brokerage
firm, improving terms of trade, coupled with declining
global commodity prices (specifically oil), are likely to
help current account to swing into surplus for the first
time since 2004.

3. DAILY REPORT
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th
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FUTURE & OPTION
MOST ACTIVE PUT OPTION
Symbol Op-
tion
Type
Strike
Price
LTP Traded
Volume
(Contracts)
Open
Interest
NIFTY PE 8,700 48.9 8,54,755 45,49,075
NIFTY PE 8,600 27 6,80,495 53,56,950
NIFTY PE 8,500 15.5 5,82,009 52,12,425
BANKNIFTY PE 19,500 92 37,391 4,73,625
RELIANCE PE 880 9.9 6,378 6,33,500
AXISBANK PE 550 5.6 4,108 8,73,000
RELIANCE PE 860 4.3 2,783 6,24,750
TATASTEEL PE 400 6.5 2,641 7,59,500
MOST ACTIVE CALL OPTION
Symbol Op-
tion
Type
Strike
Price
LTP Traded
Volume
(Contracts)
Open
Interest
NIFTY CE 8,900 54 15,12,925 40,56,525
NIFTY CE 9,000 12.45 8,74,762 52,68,925
NIFTY CE 8,800 125.7 6,27,845 24,75,650
BANKNIFTY CE 20,500 171 83,201 1,98,100
MARUTI CE 3,700 35 10,467 1,19,250
RELIANCE CE 900 4.55 5,689 12,50,750
SBIN CE 330 4.1 5,630 27,90,000
ICICIBANK CE 380 6.1 5,349 11,00,000
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 438760 10731.42 366025 8999.73 1063069 26504.74 1731.69
INDEX OPTIONS 816881 21737.99 802518 21113.89 2977452 79997.56 624.09
STOCK FUTURES 724306 22841.24 748685 23598.22 1912609 58807.02 -756.97
STOCK OPTIONS 88723 3087.24 94508 3264.12 114440 3883.74 -176.88
TOTAL 1421.92
STOCKS IN NEWS
Max India demerger gets nod; co to be renamed Max
Financial Services
Eye Rs 2500 debt by next yr; pre-sales to improve: HDIL
Ranbaxy loses 180-day exclusivity on Nexium
Idea net jumps 64% to Rs 767 cr in Q3
Max India to be split into 3 units
SBI To raise 15000 Cr as additional capital.
Hindalco coal block case: CBI files status report in
sealed cover
Gati gets nod to raise up to Rs 120 crore
NIFTY FUTURE
Nifty Future closed upside in the last trading session. We
advise buying around 8940-8950 with strict stop loss
8890 for the targets of 8990-9040
INDICES R2 R1 PIVOT S1 S2
NIFTY 8,986.60 8,948.55 8,887.00 8,848.95 8,787.40
BANK NIFTY 20,931.92 20,743.58 20,420.92 20,232.58 19,909.92

4. DAILY REPORT
28
th
JANUARY 2015
YOUR MINTVISORY Call us at +91-731-6642300
NCDEX
RECOMMENDATIONS
SILVER
TRADING STRATEGY:
BUY SILVER MAR ABOVE 39800 TGTS 40000,40300 SL BE-
LOW 39500
SELL SILVER MAR BELOW 39350 TGTS 39150,38850 SL
ABOVE 39650
GOLD
TRADING STRATEGY:
BUY GOLD FEB ABOVE 28000 TGTS 28080,28180 SL BE-
LOW 27910
SELL GOLD FEB BELOW 27750 TGTS 27670,27570 SL
ABOVE 27830
COMMODITY ROUNDUP
Gold dipped ahead of a two-day Fed meeting that runs
through Wednesday, and European finance ministers
agreed to work with Greece's new Prime Minister, Alexis
Tsipras, to keep the country within the Eurozone.
The metal traded down seven-tenths of a per cent at Rs
27,657 per 10 gm (less tax) on commodity bourse MCX in
early noon trades. The price was down over a per cent from
Thursday's close of slightly above Rs 28,000.
The COMEX Gold for the April delivery quotes at 1,282.60 a
troy ounce, up$2.20 and the Silver March delivery quotes at
17.910, down 0.41%. Local gold dipped on strong Indian
rupee with the MCX Gold February delivery quotes at Rs
27676 and the Silver March delivery quotes at Rs 39234.
Indian rupee quotes at Rs 61.401, down 0.05%.
With a total production of 83.20 million tonnes (mt), India
remained the world’s fourth-largest steel producing nation
for the fifth year in a row in 2014 as well.
Nickel prices fell by Rs 3 per kg at the local market today
due to reduced industrial demand amid a weak global
trend. However, other base metals held steady in limited
deals. Sentiments in nickel turned bearish after most base
metals declined in global markets as data showed industrial
profits grew at the slowest pace on record last year in
China, adding to the speculation that demand in the largest
consumer may contract. Meanwhile, nickel for delivery in
three months dropped 1.3% to USD 14,555 a metric tonne
on the London Metal Exchange. In the national capital,
nickel (4x4) fell by Rs 3 to Rs 1,075-1,080 per kg.
Oil fell in Asia yesterday after the anti-austerity party Syriza
swept to victory in Greece's general elections, dealing a fur-
ther blow to the struggling euro, analysts said. US bench-
mark WTI for March delivery plunged by as much as 2.7%
to $44.35 a barrel in New York, and Brent crude for March
tumbled by up to 1.9% in London. Both contracts regained
some ground and by mid-morning trade in Asia, WTI was
trading at $45.14, down 45 cents or 0.99%, and Brent was
at $48.44, off 35 cents or 0.72%.

5. DAILY REPORT
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th
JANUARY 2015
YOUR MINTVISORY Call us at +91-731-6642300
RECOMMENDATIONS
DHANIYA
BUY DHANIYA APR ABOVE 8000 TGTS 8030,8080 SL 7950
SELL DHANIYA APR BELOW 7730 TGTS 7700,7650 SL 7880
GUARSGUM
BUY GUARGUM FEB ABOVE 10800 TGTS 10850,10950 SL
10710
SELL GUARGUM FEB BELOW 10500 TGTS 10450,10350 SL
10590
NCDEX
NCDEX ROUNDUP
The NCDEX Castor seed futures have maintained its bearish
trend due to fresh supplies in local mandies coupled with
heavy carryover stocks in major producing states. The
NCDEX futures declined by 1.50% yesterday. The prices
were also pressurized by heavy stocks in local mandies.
Around 2-3 lakh bags of castor seed stocks were reported in
major mandies. This has encouraged the stockiest to liqui-
date their stocks at higher levels. The NCDEX February fu-
tures declined by 1.50% yesterday to close at Rs 4149 per
quintal. The NCDEX futures reduced 3.60 percent in open
interest indicating fresh selling by traders.
Crude palm oil prices fell by 2.25% to Rs 430.60 per 10 kg in
futures trading yesterday as speculators trimmed positions
amid a weak trend at spot market on sluggish demand. At
MCX crude palm oil for delivery in Feb fell by Rs 9.90, or
2.25%, to Rs 430.60 per 10 kg in a business turnover of 244
lots. The oil for delivery in Jan traded lower by Rs 9.40, or
2.16%, to Rs 425.20 per 10 kg in 70 lots. Speculators re-
duced positions due to subdued demand in the spot market
which led to the fall in crude palm oil prices at futures trade.
Castor seed prices declined by Rs 98 to Rs 4,110 per quintal
in the futures trading today following trimming of positions
by traders amid weak cues from spot as well as overseas
markets.At the National Commodity and Derivatives Ex-
change, castor seed prices for February fell by Rs 98, or
2.33%, to Rs 4,110 per quintal in an open interest of
1,08,610 lots.
NCDEX INDICES
Index Value % Change
Castor Seed 4118 -2.14
Cahna 3304 +0.5
Coriander 7738 -4.00
Cotton Seed Oilcake 1405 -0.99
Guar Seed 10MT 4100 -3.98
Jeera 14775 -4.00
Maize– Feed 1180 -2.48
Mustard Seed 3393 +0.47
Soy Bean 3358 +0.72
Turmeric 8080 -1.03

6. DAILY REPORT
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th
JANUARY 2015
YOUR MINTVISORY Call us at +91-731-6642300
USD/INR
BUY USDINR FEB ABOVE 61.75 TGT 61.95 ,62.25 SL 61.55
SELL USD/INR FEB BELOW 61.60 TGT 61.40 ,61.20 SL 61.80
EUR/INR
BUY EUR/INR FEB ABOVE 69.70 TGT 69.90, 70.10 SL 69.50
SELL EUR/INR BELOW 69.50 TGT 69.30, 69.10 SL 69.70
CURRENCY MARKET UPDATES:
The Indian rupee yesterday ended marginally higher against
the American currency at 61.41 amid volatile trading on the
back of a higher dollar overseas. Earlier, the rupee resumed
lower at 61.50 per dollar as against last Friday's close of
61.42 at Interbank Forex market. It then declined to 61.51
per dollar on dollar demand from banks and importers.
The euro edged up against the dollar on Tuesday after
plunging in the wake of the anti-austerity Syriza party's vic-
tory in Greek elections, while the ruble dropped after Stan-
dard & Poor's cut Russia's debt rating to junk. In Tokyo, the
common currency rose to $1.1241, from $1.1234 in New
York. The euro had briefly tumbled to $1.1098 -- its lowest
level since September 2003 -- in Asia on Monday, owing to
fears the poll result could lead to a Greek exit from the eu-
rozone .
Indonesia's rupiah led gains among emerging Asian curren-
cies on Tuesday thanks to gains in regional stocks and a firm
euro amid slower trading ahead of a US Federal Reserve
monetary policy meeting. The Chinese yuan advanced after
the central bank set its guidance stronger, indicating the
authority may not let the currency depreciate too aggres-
sively.
The Australian dollar gained in the wake of mild inflation
data as underlying prices dashed expectations for a near-
term rate cut. Australia said fourth quarter CPI rose 0.2%
quarter-on-quarter and 1.7% year-on-year, below expecta-
tions of up 0.3% and up 1.8% respectively and well below
the Reserve Bank of Australia's 2% to 3% inflation targe .
The dollar extended losses against the other major curren-
cies on Tuesday, after the release of mixed U.S. economic
reports, as investors turned their attention to the Federal
Reserve's upcoming policy statement on Wednesday. The
Conference Board said its index of U.S. consumer confi-
dence improved to an eight-year high of 102.9 this month
from a reading of 93.1 in December, whose figure was re-
vised up from a previously reported 92.
RBI Reference Rate
Currency Rate Currency Rate
Rupee- $ 61.4640 Yen-100 52.0000
Euro 69.0302 GBP 92.7676
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
27/01/15 NCDEX GUARGUM FEB. BUY 11980 12030-12110 11890 NOT EXECUTED
27/01/15 NCDEX GUARGUM FEB. SELL 10870 10820-10740 11960 BOOKED FULL PROFIT
27/01/15 NCDEX DHANIYA APR. BUY 8060 8090-8130 8010 NOT EXECUTED
27/01/15 NCDEX DHANIYA APR. SELL 7900 7870-7820 7950 BOOKED PROFIT
27/01/15 GBP/INR FEB. BUY 92.75 92.95-93.15 92.55 NOT EXECUTED
27/01/15 GBP/INR FEB. SELL 92.25 92.05-91.85 92.45 NOT EXECUTED
27/01/15 USD/INR FEB. BUY 61.90 62.05-62.20 61.70 NOT EXECUTED
27/01/15 USD/INR FEB. SELL 61.65 61.50-61.35 61.85 NOT EXECUTED
27/01/15 MCX GOLD FEB. BUY 28050 28280-28380 28110 NOT EXECUTED
27/01/15 MCX GOLD FEB. SELL 27780 27700-27600 27870 BOOKED FULL PROFIT
27/01/15 MCX SILVER MAR. BUY 40050 40250-40550 39850 NOT EXECUTED
27/01/15 MCX SILVER MAR. SELL 39800 39600-39300 40100 BOOKED PROFIT
Date Scrip
CASH/
FUTURE/
OPTION
Strategy Entry Level Target Stop Loss Remark
27/01/15 NIFTY FUTURE BUY 8875-8885 8935-8985 8825 BOOKED PROFIT
27/01/15 TATA POWER FUTURE BUY 86-88 91-94 82 BOOKED PROFIT
27/01/15 RELIAN CAPITAL FUTURE BUY 475-480 490-500 465 CALL OPEN
27/01/15 CAIRN CASH BUY 245-250 255-260 240 BOOKED PROFIT
23/01/15 INDIA CEMENT FUTURE BUY 108-110 114-118 105 CALL OPEN
20/01/15 RAJESH EXPORTS CASH BUY 160-165 175-180 155 BOOKED FULL PROFIT

8. DAILY REPORT
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NEXT WEEK'S U.S. ECONOMIC REPORTS
ECONOMIC CALENDAR
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TIME REPORT PERIOD ACTUAL
CONSENSUS
FORECAST
PREVIOUS
MONDAY, JAN. 26
NONE SCHEDULED
TUESDAY, JAN 27
8:30 AM DURABLE GOODS ORDERS DEC. 0.2% -0.9%
9 AM CASE-SHILLER HOME PRICES NOV. -- 4.6% Y-O-Y
10 AM CONSUMER CONFIDENCE INDEX JAN. 96.0 92.6
10 AM NEW HOME SALES DEC. 453,000 438,000
WEDNESDAY, JAN 28
2 PM FOMC ANNOUNCEMENT
THURSDAY, JAN. 29
8:30 AM WEEKLY JOBLESS CLAIMS JAN. 24 295,000 307,000
10 AM PENDING HOME SALES DEC. -- 0.8%
FRIDAY, JAN. 30
8:30 AM GDP Q4 3.2% 5.0%
8:30 AM EMPLOYMENT COST INDEX Q4 0.5% 0.8%
9:45 AM CHICAGO PMI JAN. -- 58.3
9:55 AM CONSUMER SENTIMENT INDEX JAN. 98.3 98.2