ACCELYA KALE SOLUTIONS LTD.

Global markets at a glance

Hong Kong shares edged down on Friday as investors took profits, remaining cautious over the state of China's economy after the brief filip given by the central bank loosening liquidity earlier this week. The market has quickly digested news of the reduction in Chinese banks reserve require- ment ratio (RRR) earlier this week

European stocks eased today. The ECB has cut off Greek banks' access to a key source of funds, piling fresh pressure on the country's new government to reach a deal with international creditors. In a decision that rattled financial markets, the ECB said it would no longer allow Greek banks to use government debt, which has a junk rating, as collateral for loans.

World Indices

Top Gainers

Wall Street Update

Wall Street stocks fell on Friday as a better-than-expected US jobs report raised expectations that the Federal Reserve will increase interest rates by midyear, while renewed worries over Greece's debt negotiations added to the bearish tone. The S&P 500 index of utilities, often used as a bond proxy by investors in a low-rate environment, fell 4.1 per-cent, its biggest daily drop since August 2011, as US government debt yields jumped.

The Dow Jones industrial average fell 60.59 points, or 0.34 percent, to 17,824.29, the S&P 500 lost 7.05 points, or 0.34 percent, to 2,055.47, and the Nasdaq Composite dropped 20.70 points, or 0.43 percent, to 4,744.40.

Top Losers

Stocks at 52 Week’s Low

Previous day Roundup

The market ended in red as autos, oil and banks dragged. The Sensex is down 133.06pts at 28717.91 and Nifty slips 50.65 points at 8661.05. About 877 shares have advanced, 1991 shares declined, and 224 shares are unchanged.

Stocks at 52 Week’s High

Index stats

The Market was very volatile in last session. The sartorial indices performed as follow; Consumer Durables [down 105.94pts], Capital Goods [down 123.90pts], PSU [down 80.51pts], FMCG [up 68.83pts], Realty [down 11.37pts], Power [down 26.65pts], Auto [down 541.95Pts], Healthcare [down 26.38pts], IT [up 102.63pts], Metals [down 80.35Pts], TECK [up 46.22pts], Oil& Gas [down 110.79pts].

Indian Indices

STOCK RECOMMENDATIONS [FUTURE]

1. SUN PHARMA [FUTURE]

SUNPHARMA FUTURE is looking weak on charts, short build up has been seen, we may see more downside, if it sustains below 940 levels. We advise selling around 940-945 levels with strict stop loss of 955 for the targets of 930-920 levels.

STOCK RECOMMENDATION [CASH]

1. MASTEK (CASH)

MASTEK LTD is looking weak on charts, we may see more downside, if it sustains below 390 levels. We advise selling around 390-400 levels with strict stop loss of 410 for the targets of 380-370 levels.

2. IRB INFRA [FUTURE]

IRB FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sustains above 260 levels. We advise buying around 255-260 levels with strict stop loss of 250 for the targets of 265-270 levels.

MACRO NEWS

• RBI's foreign exchange reserves rose to a new record of $327.8 billion for the week ending January 30.

• Goldman Sachs expects Finance Minister to announce a deficit target of 3.6% of GDP for FY16; a clear roadmap for goods and services tax and no significant drag in GDP because of the recent spending cuts. It believes the critical macro event will be closely watched for clarity on the govt's finances and intentions of structural reforms. India's macro-economic backdrop has improved significantly and the steep fall in crude prices will benefit the government's finances. It also expects to see a shift from subsidies to capital spending on public projects.

• Infosys announces realignment of organizational structure.

• FTIL's plea to stay FMC order rejected by SC

• SAT reserves DLF order

• GAIL Q3 disappoints, profit falls 54% to Rs 604 cr.

• Tata Steel Q3 net falls 68.7% to Rs 157cr, misses estimates.

• NMDC Q3 profit rises 1.6% to Rs 1,593 cr, beats forecast

• India's air passenger traffic grows by eight percent.

FUTURE & OPTION

MOST ACTIVE PUT OPTION

STOCKS IN NEWS

• Tata Motors' Q3 consolidated net profit fell 25.5 per-cent at Rs 3,580.7 crore versus Rs 4,805 crore (YoY).

• Ballarpur Industries posts Q2 consolidated net loss at Rs 50.6 crore versus profit of Rs 17.4 crore (YoY).

• Ceat's Q3 consolidated net profit rises 33.3 percent at Rs 89.3 crore versus Rs 67 crore (YoY).

• Shasun Pharma's Q3 net profit fell 47.7 percent at Rs 6.8 crore versus Rs 13 crore (YoY).

MOST ACTIVE CALL OPTION

NIFTY FUTURE

Nifty Future closed downside in the last trading session. We advise selling around 8690-8680 with strict stop loss 8730 for the targets of 8630-8580

FII DERIVATIVES STATISTICS

INDICES

COMMODITY MCX

SILVER

TRADING STRATEGY:

BUY SILVER MAR ABOVE 37200 TGTS 37400,37700 SL BE- LOW 36900

SELL SILVER MAR BELOW 36600 TGTS 36400,36100 SL ABOVE 36900

GOLD

TRADING STRATEGY:

BUY GOLD APR ABOVE 26900 TGTS 26980,27080 SL BE- LOW 26810

SELL GOLD APR BELOW 26650 TGTS 26570,26470 SL ABOVE 26740

COMMODITY ROUNDUP

Gold traded in a sideways manner ahead of the nonfarm payrolls today. Good speculative buying was emerging at lows and the commodity is also eying a slightly weak under-tone in the US dollar. Prices had dropped under $1260 per ounce for a second session yesterday before edging up on bargain buying. MCX Gold futures were trading at Rs 27328 per 10 grams, up Rs 27 per 10 grams on the day.

Lead prices traded higher by 0.57% to Rs 114.80 per kg in futures market as speculators indulged in creating fresh positions amid pick-up in demand in spot market. At MCX lead for delivery in Feb edged up by 65 paise, or 0.57%, to Rs 114.80 per kg in a business turnover of 377lots.

The metal for delivery in March traded higher by 35 paise, or 0.30%, to Rs 115.70 per kg in 1 lot. Fresh positions built up by speculators due to pick-up in demand from battery makers in spot market influenced lead prices at futures.

Continued their rising streak for the third straight day, silver prices rose 0.64% to Rs 38,101 per kg in futures trade as speculators indulged in enlarging positions on the back of firming global trend. At MCX silver for delivery in March moved up by Rs 242, or 0.64%, to Rs 38,101 per kg in a business turnover of 1,218 lots. Similarly, the white metal for delivery in May traded higher by Rs 212, or 0.56%, to Rs 38,350 per kg in 32 lots. Enlarging of positions by speculators in tandem with a firming global trend mainly kept silver prices higher at futures trade. Silver was marginally higher at $17.27 an ounce from $17.26 yesterday in Singapore.

The total number of active U.S. oil and natural gas drilling rigs looks like it has fallen off a cliff. As of Friday, they reached their lowest weekly level in almost five years, raising hopes that the 24% dive since early December will help remedy the nation's supply glut.

The number of U.S. rigs actively exploring for or developing oil or natural gas fell to 1,456 as of Friday, when the count was at 1,444. The latest total is down 5.6% from last week and down 17.8% from a year ago. The U.S. rig count totaled 1,920 back in early Dec.

NCDEX

RECOMMENDATIONS

DHANIYA

BUY DHANIYA APR ABOVE 7650 TGTS 7680,7630 SL 7600

SELL DHANIYA APR BELOW 7520 TGTS 7490,7450 SL 7570

GUARSGUM

BUY GUARGUM MAR ABOVE 10010 TGTS 10060,10160 SL 9920

SELL GUARGUM MAR BELOW 9940 TGTS 9890,9790 SL 10030

NCDEX INDICES

NCDEX ROUNDUP

Prices of potato plummeted to a mere Rs 400 a quintal from Rs 600 in the last 15 days, dealing a major jolt to potato growers in the harvesting season. At the time of sowing, potato prices had increased from Rs 1,500 to Rs 1,600 a quintal, resulting in farmers increasing crop acreage. How- ever, the prices took a downward turn of late. As per the information, the drop in prices has been caused due to the ban on export of the vegetable in order to control inflation.

As per latest release from Soybean Processors Association (SOPA), the total soyameal exports during April - January, 2014 reported 5.35 lakh tonnes, as compared to 24.25 lakh tonnes in the last year in same period. On a financial year basis, the export during October to Jan 2014-15 reported at 4.37 lakh tonnes as compared to 15.49 lakh tonnes in the same period of previous year showing a decline of 71%.

As per Rabi Crops data released by Directorate of Economics and Statistics, Ministry of Agriculture, total area coverage as on today under Rabi crops moves to 605.85 lakh hectares while last year’s sowing area was at 644.92 lakh hectare- down 6%. Wheat`s sowing area is at 306.35 lakh hectares as compared to last year’s 315.32 lakh hectares- down 2.80%. The area under sowing of total Coarse cereals is at 56.89 lakh hectares as compared to last year’s 60.01 lakh hectares – down 5.20%. The area under sowing of Gram is at 85.31 lakh hectares this year while last year’s figure was 100.51 lakh hectares – down 15.10%. Area coverage under Total Pulses is at 142.92 lakh hectares while the last year’s sowing area coverage was 157.61 lakh hectares – down 9.30%.

COMMODITY MCX & CURRENCY

RBI Reference Rate

USD/INR

BUY USDINR FEB ABOVE 61.98 TGT 62.10 ,62.22 SL 61.82

SELL USDINR FEB BELOW 61.85 TGT 61.70,61.55 SL 62.05

GBP/INR

BUY GBPINR FEB ABOVE 95.10 TGT 95.30 ,95.50 SL 94.90

SELL GBPINR FEB BELOW 94.75 TGT 94.55,94.35 SL 94.75

CURRENCY MARKET UPDATES:

The Indian rupee opened flat at 61.76 per dollar on Friday against previous day's closing value of 61.73 a dollar, and then the partially convertible rupee ended marginally stronger at 61.6950/7050 from the previous close of 61.73/74 per dollar, tracking stronger Asian currencies ahead of U.S. jobs data.

The rupee resumed higher at 61.70 as against 61.73 at the Interbank Forex and firmed up further to 61.67 on initial selling of dollars by banks in view of firm trend in equity markets. However, it washed out initial gains and dropped to 61.80 on fresh dollar demand from banks before quoting at 61.76 at 1100 hours.

The euro inches up on strong German data, gaining back some of the lost ground. The data showed German industrial orders surged far more than forecast in December, hit- ting their highest level since April 2008. In New York market, the euro recovered against the dollar yesterday as investors shook off some worries about Greece.

India's benchmark bond yield ended steady at 7.70 percent, as weekly auction results were in line with expectations but caution ahead of monthly consumer prices inflation data next week, prevented gains. The benchmark five-year rate ended down 5 basis points at 6.92 percent, while the one- year rate ended down 3 bps at 7.64 percent.

India's three-day cash rate ended at 7.90/7.95 percent versus the one-day rate at 8.70/8.75 percent on Thursday.

MSCI's all-country world stock index fell 0.48 percent. The dollar index was up 1.16 percent. DXY at 94.652, while against the yen. The dollar rose 1.26 percent to 118.99. The euro was down 1.35 percent at $1.1320

CALL REPORT

PERFORMANCE UPDATES

ECONOMIC CALENDAR

NEXT WEEK'S U.S ECONOMIC REPORTS