most market roundup 12 th mar 2015

Market bounced back after a fall for three consecutive days. Sensex climbedup nearly 1% (271 points) to close at 28931 and Nifty gained 76 points to closeat 8776. Rally in the Asian markets and hope of government policyimplementation boosted the market sentiment. Most of the Asian marketsgained half to one percent while South Korean central bank unexpectedly cutinterest rates. IIP and CPI number will be announced today.Insurance companies, Metal, Mid-cap, Cement, Realty, Telecom and Pharmastocks witnessed smart rally. Insurance stocks gained on hope of Insurance billto be put to vote today in Rajya Sobha. Reliance Capital surged 10% to close atRs490. Others like Aditya Birla Nuvo and Max India gained 4% and 5%respectively. ITC gained 2.5% to close at Rs347. Media report that the companyraised Cigarette price by up to 20%. Sintex gained 8% to close at Rs133. Thecompany allots 4.6mn shares upon FCCB conversion to repay long term debt.Natco Pharma gained 15% to close at all time high of Rs2056. The companyreceived Indian drug regulators approval to launch Solvaldi generic in India.Metal stocks witnessed fresh buying. SSLT, Hindalco, Tata Steel and JSW Steelgained 2-4%. Siemens was the biggest gainer among the capital goods stock.It has surged 6% to close at all time high of Rs1471. Telecom stocks continuedtheir northbound journey. Idea gained 7% to close at Rs175. It has gained 11%in just three consecutive days. Both RCOM and Bharti gained 6% and 2%respectively. Bids for Indian wireless spectrum reached Rs920bn after six daysof auctions.

Nifty is in a 9000 -8500 band in which it will move until it closes decisivelyoutside it. The current down-move can witness acceleration hence avoid bottomfishing for now. Initial support is at 8500 and we shall re-look at the developmentonce the Index is around the same.

MOSt Market Roundup

Nifty Futures 8808.15 56.00 Premium 32.15

Dealer's Diary

Nifty saw marginal fresh longs during the day. The basis for niftydecreased to 32pts v/s 50pts yesterday. Implied volatility closedmarginally lower at 14.75 (down 2.51%). Among Nifty options Put writersremained active at 8800 and below strikes Calls whereas 8700 Call sawunwinding pushing the nifty higher. Stock futures saw Longs in Telecomand selective Realty stocks.

Cash Volumes (Rs in Crores)

1

DERIVATIVE MARKET

Exchange Today Pev. DayBSE (Cash) 3727 3496BSE (Derivatives) 24376 20547NSE (Cash) 18521 18477NSE(Derivatives) 161857 206441Total 208481 248961

Advance / DeclineGroup NIFTY 50 BSE 200Advance 37 155Decline 13 42Unchanged 0 2

Top Index Gainers

Scrip LTP % ChangeCAIRN 234.45 4.83SSLT 201.50 4.57NTPC 159.00 3.41HINDALCO 134.50 3.18DLF 149.15 2.83

Top Index Losers

Scrip LTP % ChangeTECHM 2860.00 -2.11M&M 1241.00 -1.53BAJAJ-AUTO 2069.85 -1.36DRREDDY 3429.25 -1.12COALINDIA 365.55 -1.02

Most Active Nifty Calls

Index Price No. of ContractOption Rs. Vol OI

8,900 58.05 555618 69,0909,000 29.9 466040 111,6328,800 103.8 428805 55,4139,100 13.6 288767 75,183

Index Price No. of ContractOption Rs. Vol OI

8,700 58.9 574911 78,2308,800 96 356397 61,0768,600 34.7 333068 82,6338,500 20 249045 94,719

Most Active Nifty Puts

Sensex 28930.41 271.24 Nifty 8776.00 76.05EQUITY Market

Thursday March 12th, 2015

Technical Outlook

Most Active Stock Future

Stock Price No. of ContractFutures Rs. Vol OI

RELCAPITAL 495.6 38419 24847TATASTEEL 333.3 22926 59188BHARTIARTL 394.5 21895 25878ICICIBANK 338.5 20530 56511

Derivative Volumes (Rs in Crores)

Exchange No. of TurnContracts Over

Index Futures 417858 11573Stock Futures 751755 23512Index Options 4896713 115315Stock Options 367784 11458F&O Total 6434110 161857

Motilal Oswal Securities Ltd., Motilal Oswal Tower, Level 6, Sayani Road, Prabhadevi, Mumbai 400 025

Daily News

ITC raises Cigarette price by up to 20% - ET NOW

IVRCL wins order valued at Rs2.26bn

Glenmark Pharmaceuticals announced today that it has receivedapproval for Salmecort (Salmeterol+Fluticasone) MDI inhaler, fromthe Ministry of Health (MoH), Russia. The approval marksGlenmark's entry into the respiratory inhaler market in Russia.According to IMS, the total inhaler market in Russia is estimatedto be around USD 283 million, out of which the total MDI marketis valued at around USD 107 million

Sumitomo MTB completes stake purchase in Reliance Capital,Reliance Capital gets Rs3.71bn proceeds for 2.77% stake sale

Sintex Industries allots 4.6mn shares upon FCCB conversion

Natco received Indian drug regulators approval to launch Solvaldigeneric in India - Sovaldi is one of the highest grossing drugglobally (Annualised sales of US$9bn+) and also the mostexpensive one (US$84000 for 12 week treatment course

Adlabs IPO extended 3 days to March 17 and IPO price band cut toRs180 - 215/share from Rs221-Rs230/share

Ministry Recommends Raising Rubber Import Tax to 25%

US Data

Retail sales advance : 0.3% (Prior -0.8%)

Commodity

Copper gained the most in two weeks and aluminum reboundedfrom an 11-month low as credit growth rose more than forecast inChina, the largest industrial metals user.

Global market

Asian stocks headed for the biggest advance in more than a monthas banks climbed and Japan's Nikkei 225 Stock Average rose to analmost 15-year high. Hang Seng, China and Nikkei gained 0.3%,1.5% and 1.8% respectively.

European stocks rose, extending a seven-year high, led by gains inminers and energy shares. FTSE and Dax gained 0.8% and 0.1%respectively.

2

MOSt Market Roundup

EQUITY Market

Global Indices

Indices Closing Price Change(%)Dow Fut 17638 -0.16Nasdaq Fut 4317 0.22FTSE 6772.55 0.76Hang Seng 23797.96 0.34

Currency

V/S INR Closing Price Change(%)Dollar 62.59 0.31Euro 1.06 0.44Pound 1.50 0.36Yen 121.15 0.25

Commodity

Indices Closing Price Change(%)Brent Crude 58.12 1.01Gold 1160.71 0.47Silver 15.64 0.82

Note - *Data as of today, 5P.M.



3

MOSt Market Roundup

Technical Commentary

Follow up - Open Recommendations

# Please Watch for Followup Alerts provided on the Trading Screen / Call your MOSL Advisor

Date Scrip Reco Price Lot Close Target Stop Loss MTM +/-OPTION STRATEGY CALL11-Mar NIFTY8700PE BUY 82.05 25 58.9 - - -56911-Mar NIFTY8800CE BUY 97.85 25 103.8 - - 14910-Mar NIFTY8300PE BUY 11.9 25 6.3 - - -14010-Mar NIFTY8700PE BUY 82.35 25 58.9 - - -51410-Mar NIFTY8500PE SELL 34.2 25 20 - - 35510-Mar NIFTY8500PE SELL 33.95 25 20 - - 349SHORT TERM CALL12-Mar RECLTDFUT BUY 353.6 1000 350.3 362 349.3 -355712-Mar AMBUJACEM270CE BUY 5.65 1000 4.5 11 2.5 -150011-Mar NIFTY8700PE BUY 84.8 25 58.9 140 55 -71911-Mar NIFTYFUT SELL 8771 25 8808.15 8670 8826.3 -121310-Mar SBIN280PE BUY 5.55 1250 4.2 11 3 -157610-Mar MARUTI3550PE BUY 20.1 125 9.65 60 4 -1404OVERNIGHT CALL12-Mar RELCAPITALFUT BUY 492.55 500 495.6 506 486 1121

The Nifty pulled itself up breaking its three days declining trend. Opening higher at 8740, the Nifty meandered aboutto hit a low of 8732. In the second half it moved up to touch 8787 before closing at 8776, up 76 points for a 0.87% gain.The CNX Mid Cap and Small Cap indices moved enthusiastically to add 1.56% and 1.59% respectively. In the broadmarket advances led declines 2:1. All sector indices closed positive. Bank Nifty and PSU Banks index gained 0.51% and0.89% respectively. Realty, Auto, Commodities, Energy, FMCG, Infra Media , Metals and IT sectors closed up 1 to 2%each. Major gainers were DLF 3%, Cairn 5%, NTPC 3%, BHEL 3%, SSLT 4%, Hindalco 3% and Sun Pharma 3%. Nifty is in a9000 -8500 band in which it will move until it closes decisively outside it. The current down-move can witness accelerationhence avoid bottom fishing for now. Initial support is at 8500 and we shall re-look at the development once the Indexis around the same.


Motilal Oswal Securities Ltd., Motilal Oswal Tower, Level 6, Sayani Road, Prabhadevi, Mumbai 400 025 4

MOSt Market Roundup

Pivot Table

Co. Name Close Low S2 S1 PP R1 R2 HighNIFTY 8,776 8,733 8,711 8,744 8,765 8,798 8,820 8,787Sensex 28,930 28,773 28,693 28,812 28,891 29,010 29,090 28,971BANKNIFTY 19,259 19,211 19,118 19,188 19,282 19,352 19,445 19,375ACC 1,655 1,621 1,607 1,631 1,645 1,669 1,684 1,660ACEM 265 261 257 261 265 269 273 269APNT 808 805 799 804 809 813 819 815AXSB 584 583 576 580 587 591 597 594BJAUT 2,070 2,067 2,037 2,054 2,083 2,100 2,129 2,113BOB 180 178 176 178 180 182 184 182BHEL 265 259 257 261 263 267 269 265BPCL 749 748 741 745 752 756 763 759BHARTI 394 387 381 388 394 401 407 400CAIR 234 225 221 228 231 238 241 235CIPLA 721 711 703 712 720 729 737 728COAL 366 363 358 362 367 371 376 372DLFU 149 145 143 146 148 151 153 150DRRD 3,429 3,415 3,360 3,395 3,450 3,484 3,540 3,505GAIL 395 389 386 390 393 397 400 396GRASIM 3,738 3,713 3,677 3,707 3,743 3,774 3,810 3,779HCLT 2,055 2,042 2,022 2,038 2,059 2,075 2,096 2,079HDFCB 1,054 1,051 1,044 1,049 1,056 1,062 1,069 1,064HMCL 2,644 2,616 2,605 2,624 2,636 2,655 2,667 2,647HNDL 135 129 127 131 133 137 140 136HUVR 961 956 946 953 963 971 980 973HDFC 1,331 1,316 1,303 1,317 1,330 1,344 1,358 1,343ICICIBC 339 335 333 336 338 341 343 340IDFC 169 168 167 168 170 171 173 172I IB 889 889 880 885 894 898 907 903INFO 2,215 2,177 2,157 2,186 2,206 2,235 2,256 2,226ITC 346 339 335 341 344 350 354 348JPA 28 27 27 28 28 29 30 29JSP 194 192 190 192 194 196 198 196KMB 1,365 1,355 1,334 1,350 1,370 1,386 1,406 1,391LT 1,744 1,740 1,725 1,734 1,750 1,759 1,775 1,765LPC 1,880 1,860 1,847 1,863 1,877 1,893 1,906 1,890MM 1,241 1,233 1,217 1,229 1,245 1,257 1,273 1,261MSIL 3,685 3,662 3,631 3,658 3,689 3,716 3,747 3,720NMDC 132 129 127 130 131 133 134 132NTPC 159 153 147 153 159 165 171 165ONGC 313 309 307 310 312 315 317 314PWGR 150 148 146 148 150 152 154 152PNB 166 165 163 165 166 168 169 167RBXY 814 792 783 798 807 823 832 817RIL 864 856 850 857 862 869 874 867SSLT 202 194 191 196 199 205 208 203SBIN 287 286 284 285 287 289 291 289SUNP 1,038 1,010 999 1,019 1,029 1,049 1,059 1,040TCS 2,618 2,590 2,576 2,597 2,611 2,632 2,646 2,625TTMT 565 554 549 557 562 570 575 567TPWR 82 81 81 81 82 82 83 82TATA 333 327 323 328 332 337 341 336UTCEM 3,011 2,994 2,976 2,993 3,012 3,029 3,048 3,030WPRO 655 647 642 649 653 659 663 657


Motilal Oswal Securities Ltd., Motilal Oswal Tower, Level 6, Sayani Road, Prabhadevi, Mumbai 400 025 5

Account Summary

Cash Market (INR) Return %Model Corpus Value 1000000Total Return till date 827942 82.8%Booked Profit 834842 83.5%Unrealised Profit -6900 -0.7%

Stock Reco Wtg No.of Reco Exit Charges Gain/ ExitName Date (%) Shares Price Price Loss Date

Past Booked Profit / Loss 158861 848466SBIN 21-Jan-15 5.0% 274 322 299 511 -6911 19-Feb-15SBIN 23-Jan-15 5.0% 268 331 299 507 -9170 19-Feb-15HDFC 11-Feb-15 5.0% 71 1257 1345 554 5662 28-Feb-15IBULHSGFIN 18-Feb-15 5.0% 143 633 606 531 -4473 28-Feb-15GPPL 28-Jan-15 5.0% 399 229 214 530 -6607 28-Feb-15GPPL 4-Feb-15 5.0% 419 213 214 536 -220 28-Feb-15TITAN 18-Feb-15 5.0% 210 431 427 541 -1432 28-Feb-15COLPAL 1-Dec-14 5.0% 44 1915 1995 516 3005 4-Mar-15ASHOKLEY 18-Feb-15 5.0% 1326 68 72 558 4176 4-Mar-15MARUTI 12-Feb-15 5.0% 25 3531 3646 538 2346 10-Mar-15Total 834842

Last 10 Exit Trades

MOSt Market Roundup

MOSt Velocity - 10

Open Calls

Benchmarks Comparison

Index 9th Sep CMP Benchmark Relative2011 (%) Performance

BSE 200 2089 3652 74.8% 8.0%

Stock Sector Reco Wtg. No. of Reco CMP Mark to RemarksName Name Date (%) Shares Price Market

HEROMOTOCO AUTO 30-Jan-15 5.0% 31 2933 2642 -9008HEROMOTOCO AUTO 4-Feb-15 5.0% 31 2854 2642 -6555FINCABLES CAPITAL GOODS 9-Jan-15 5.0% 308 279 269 -3123AIAENG CAPITAL GOODS 22-Jan-15 5.0% 77 1147 1269 9395ASIANPAINT FMCG 5-Feb-15 5.0% 109 818 808 -1041COALINDIA UTILITIES 22-Dec-14 5.0% 211 368 365 -760 EX DIV Rs.20.7/-COALINDIA UTILITIES 11-Feb-15 5.0% 236 355 365 2327 EX DIV Rs.20.7/-NTPC UTILITIES 30-Jan-15 5.0% 631 144 160 10102ZEEL MEDIA 12-Feb-15 5.0% 250 356 353 -652HDFCBANK FINANCIAL 2-Mar-15 10.0% 166 1095 1055 -6628TECHM IT 5-Mar-15 5.0% 31 2899 2857 -1314DIVISLAB PHARMA 5-Mar-15 5.0% 51 1792 1799 358Cash Cash 35.0%Total 100.0% -6900


6MOSt Pyramid

MOSt Market Roundup

Performance Summary

Open Position

96273IPCALAB 1 25000 29 15-Jul 840 23-Jan 646 -5740IPCALAB 2 25000 31 17-Sep 782 23-Jan 646 -4341BHARTIARTL 3 25000 66 4-Dec 375 27-Jan 394 1121TITAN 1 25000 61 30-Sep 407 28-Jan 432 1368L&T 2 25000 15 9-Feb 1588 19-Feb 1683 1301COALINDIA 1 25000 67 29-Jan 369 19-Feb 386 1010LT 1 25000 14 28-Jan 1704 28-Feb 1787 1031TATAMOTORS 2 25000 44 6-Feb 563 28-Feb 594 1224BHARTIARTL 4 25000 70 9-Feb 356 10-Mar 377 1294BHARTIARTL 3 25000 66 28-Jan 377 12-Mar 395 1035Total -698

Particulars Tranches Amt Invested Gross Profit Net Profit

Open Position 7 175000 -2353 -3307

Booked Profit 171 0 119560 96581

Total 178 175000 117206 93274

Note: Investment/Trading is subject to market risk. Investors should obtain independent advice from professional financial advisor before makingany investment/trading decision and should not solely rely on this analysis. Please refer to important disclosures and disclaimers in the report.

Scrip Name Tranche Allocation Quantity Buy Date Buy Price Sell Date Sell Price Net Profit

From Aug 12 Booked Profit / Loss

Last 10 Exit Trades

Scrip Name Tranche Allocation Quantity Buy Date Buy Price CMP Net ProfitBHARTIARTL 1 25000 59 18-Sep 417 398 -1268BHARTIARTL 2 25000 63 3-Nov 396 398 -4TATAMOTORS 1 25000 42 29-Jan 590 564 -1246ZEEL 1 25000 68 16-Feb 365 353 -974ZEEL 2 25000 72 23-Feb 346 353 360ITC 1 25000 71 4-Mar 347 347 -194TATAMOTORS 2 25000 44 10-Mar 560 564 18



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Motilal Oswal Securities LtdMotilal Oswal Tower, Level 6, Sayani Road, Prabhadevi, Mumbai 400 025

Phone: (91-22) 30894200 Fax: (91-22) 22885038. E-mail: [email protected]

MOSt Velocity - 10Bhavin DesaiDerivatives Analyst

Shubham Agarwal, CMT, CFA, CQFHead - Quantitative Research

Sacchitanand UttekarTechnical Analyst

Sambhu SaResearch Analyst

most market roundup 12 th mar 2015

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