European shares rose on Wednesday, with Standard Char- tered surging on broker upgrades and Lafarge leading the construction and materials sector higher on expectations that a merger deal with Holcim could be saved.

1. DAILY REPORT
19
th
MARCH 2015
YOUR MINTVISORY Call us at +91-731-6642300
Global markets at a glance
European shares rose on Wednesday, with Standard Char-
tered surging on broker upgrades and Lafarge leading the
construction and materials sector higher on expectations
that a merger deal with Holcim could be saved. The STOXX
Europe 600 Construction and Materials index rose 1.1 per-
cent, while the pan-European FTSEurofirst 300 index ended
0.4 percent higher at 1,590.25 points. Standard Chartered,
up 8.1 percent, led the FTSEurofirst 300 higher
Wall Street Update
U.S. stocks rallied on Wednesday after the Federal Reserve
cut its expected pace of growth and inflation, suggesting a
less aggressive timeline for raising interest rates even as it
opened the door for the first rate hike in almost a decade.
The Fed in its statement following a two-day meeting
dropped its pledge to be "patient" in deciding when to be-
gin raising rates, moving a step closer toward hiking rates,
but made it clear that it needs to see more gains in the la-
bor market and price growth to raise rates.
While the statement put a June rate increase on the table,
it also allowed the Fed enough flexibility to move later in
the year, stressing that any decision would depend on in-
coming data. All 10 S&P sectors were higher. At its session
high, the S&P 500 came within 0.5 percent of its record
close set earlier this month.
Previous day Roundup
The market closed a range-bound session on a weak note
with benchmark indices losing 0.4 percent each ahead of
Federal Reserve policy meeting outcome tonight. FMCG,
infrastructure, technology and select auto stocks saw sell-
ing pressure. The 30-share BSE Sensex fell 114.26 points to
28622.12 and the 50-share NSE Nifty declined 37.40 points
to 8685.90 on profit booking after rising a percent in previ-
ous session. However, the broader markets outperformed
benchmarks with the BSE Midcap and Smallcap indices ris-
ing 0.3 percent each. About 1270 shares advanced against
1584 shares declined on the Bombay Stock Exchange.
Index stats
The Market was very volatile in last session. The sartorial
indices performed as follow; Consumer Durables [up
6.71pts], Capital Goods [down 127.14pts], PSU [up
0.86pts], FMCG [down 48.42pts], Realty [up 2.52pts],
Power [down 24.17pts], Auto [down 123.44pts], Healthcare
[up 39.55pts], IT [down 110.08pts], Metals [up 38.50pts],
TECK [down 49.08pts], Oil& Gas [up 65.83pts].
World Indices
Index Value % Change
D J l 18076.19 +1.27
S&P 500 2099.50 +1.22
NASDAQ 4982.83 +0.92
EURO STO 3945.20 -0.10
FTSE 100 6945.20 +1.57
Nikkei 225 19422.73 -0.62
Hong Kong 24340.65 +0.91
Top Gainers
Company CMP Change % Chg
BPCL 774.80 24.15 3.22
ZEEL 365.30 10.10 2.84
NMDC 132.00 2.45 1.89
RELIANCE 868.95 12.10 1.41
SBIN 286.70 3.60 1.27
Top Losers
Company CMP Change % Chg
NTPC 152.30 5.55 -3.52
BHEL 257.50 7.30 -2.76
WIPRO 629.95 13.45 -2.09
ACC 1,580.00 33.00 -2.05
AMBUJACEM 253.60 5.10 -1.97
Stocks at 52 Week’s Low
Symbol Prev. Close Change %Chg
BHUSANSTL 80.60 -0.50 -0.62
ESSDEE 147.95 11.35 8.31
PRECOT 56.00 -0.15 -0.27
Indian Indices
Company CMP Change % Chg
NIFTY 8685.90 -37.40 -0.43
SENSEX 28622.12 -114.26 -0.40
Stocks at 52 Week’s High
Symbol Prev. Close Change %Chg
DABUR 283.00 -0.30 -0.11
ICRA 4,079.95 93.30 2.34
PCJEWELLER 320.20 7.25 2.32
STAR 1,157.00 30.20 2.68
SHASUNPHAR 365.70 8.65 2.42

2. DAILY REPORT
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MARCH 2015
YOUR MINTVISORY Call us at +91-731-6642300
STOCK RECOMMENDATIONS [FUTURE]
1. BPCL [FUTURE]
BPCL FUTURE is looking strong on charts, long build up has
been seen, we may see more upside, if it sustains above
760 levels. We advise buying around 760-770 levels with
strict stop loss of 750 for the targets of 780-790 levels.
2. HCLTECH [FUTURE]
HCL TECH FUTURE is looking weak on charts, short build up
has been seen, we may see more downside, if it sustains
below 2000 levels. We advise selling around 2000 levels
with strict stop loss of 2040 for the targets of 1960-1920
levels.
EQUITY CASH & FUTURE
STOCK RECOMMENDATION [CASH]
1. YESBANK (CASH)
YES BANK is looking strong on charts, if it sustains above
850 levels. We advise buying around 850-855 levels with
strict stop loss of 845 for the targets 865-880 levels.
MACRO NEWS
SEBI slapped a fine of around Rs 40 lakh on 6 companies
for allegedly failing to obtain registration with its online
complaint system as well as not resolving pending inves-
tor grievances.
TPG to sell 20% stake in Shriram City Union, in talks with
PE funds
Improvement in banks' asset quality to take time: S&P
Unilever's shampoo brand Tresemme overtakes P&G's
Pantene in market share in modern trade
Govt discontinues subsidy scheme for green energy
Natural gas price to be cut by 10% to $5.02/unit from
April 1
Decommissioned thermal power units to soon lose their
fuel supply
Govt revisiting 'Jan Aushadhi' scheme to expand reach
JSPL puzzled over government's review of its coal block
bids; stock tanks 9%
India is prepared to deal with the consequences of a U.S.
Federal Reserve move towards an increase in interest
rates, including heightened market volatility.
India is set to import 8mn barrels of Iraqi oil to fill its first
SPR, taking advantage of cheap prices and lending some
support to a market suffering from oversupply.
Cairn India's tax liability credit negative for Vedanta Re-

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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 90.8 8,69,524 34,98,550
NIFTY PE 8,600 53 7,15,280 45,63,875
NIFTY PE 8,500 29.25 5,57,758 54,45,500
BANKNIFTY PE 18,500 72 85,407 5,89,525
RELIANCE PE 860 8.1 3,721 6,75,250
HCLTECH PE 2,000 40.9 2,437 1,33,125
JINDALSTEL PE 170 6.4 2,314 5,72,000
SBIN PE 280 2.85 2,253 16,42,500
MOST ACTIVE CALL OPTION
Symbol Op-
tion
Type
Strike
Price
LTP Traded
Volume
(Contracts)
Open
Interest
NIFTY CE 8,800 45.5 10,54,324 49,12,525
NIFTY CE 8,900 21.15 7,25,479 48,42,575
NIFTY CE 8,700 88 5,32,989 30,95,450
BANKNIFTY CE 19,500 162.4 90,853 5,22,075
RELIANCE CE 880 10 4,616 6,76,000
SBIN CE 300 2.35 4,159 57,75,000
JINDALSTEL CE 190 3.8 3,923 16,42,000
RELIANCE CE 860 18 3,880 4,37,750
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 28358 739.97 55239 1265.05 869454 20601.87 -525.08
INDEX OPTIONS 800161 19898.07 813118 20304.23 2375382 64337.90 -406.16
STOCK FUTURES 114848 3465.82 69181 2154.34 2037553 61582.69 1311.48
STOCK OPTIONS 58403 1785.77 57655 1750.40 105769 3277.03 35.36
TOTAL 415.61
STOCKS IN NEWS
JSPL is optimistic it will get to retain control of two
mines it won during the coal auction that are now be-
ing reviewed by the government
Bhushan Steel CDR nod key to dealing with exposure:
Andhra Bank.
Sesa Sterlite is in talk of govt revoking mining ban in
Goa
Pricol exits Denso JV on huge losses.
Cairn India's tax liability credit negative for Vedanta
Resources: Moody's
Zydus Cadila launches Gilead's Hepatitis C drug in India
NIFTY FUTURE
Nifty Future closed downside in the last trading session.
We advise selling around 8680-8670 with strict stop loss
8730 for the targets of 8630-8580
INDICES R2 R1 PIVOT S1 S2
NIFTY 8,782.30 8,734.10 8,699.05 8,650.85 8,615.80
BANK NIFTY 19,403.45 19,275.35 19,106.30 18,978.20 18,809.15

4. DAILY REPORT
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MARCH 2015
YOUR MINTVISORY Call us at +91-731-6642300
RECOMMENDATIONS
GOLD
TRADING STRATEGY:
BUY GOLD APR ABOVE 25750 TGTS 28830,28930 SL BE-
LOW 25660
SELL GOLD APR BELOW 25580 TGTS 25500,25400 SL
ABOVE 25670
SILVER
TRADING STRATEGY:
BUY SILVER MAR ABOVE 35600 TGTS 35800,36100 SL BE-
LOW 35300
SELL SILVER MAR BELOW 35000 TGTS 34800,34500 SL
ABOVE 35300
COMMODITY ROUNDUP
Crude oil futures edged lower on mounting worries over
rising oil supplies and firm undertone in US dollar. WTI
Crude oil approached lows near $42 per barrel, shedding
around$1 per barrel amid weakness in global stocks. The
American Petroleum Institute, an industry group, yesterday,
said its data showed US crude stockpiles rose by a massive
10.5million barrels in the week ended 13 March 2015. The
more definitive inventory survey datafrom the US Energy
Information Administration is due later today. MCX Crude
oil futures are trading at Rs 2665 per barrel, down nearly
3.5% on the day.
The OECD said growth prospects in the major economies
look slightly better than its previous assessment in Novem-
ber and called for a balanced policy to ensure sustainable
growth. Against the backdrop of somewhat better growth
prospects, abnormally low inflation and interest rates cre-
ate a growing risk of financial instability with risk-taking and
leverage driven by liquidity rather than fundamentals.
Zinc futures traded a shade lower at Rs 126.10 per kg yes-
terday amidst profit-booking by speculators and subdued
spot demand. At MCX zinc for delivery in current month
traded lower by 40 paise, or 0.47%, to Rs 126.10 per kg in a
business turnover of 361 lots. Metal for delivery in April
shed 45 paise, or 0.43%, to Rs 126.90 per kg in 20 lots. Be-
sides profit-booking, subdued demand from consuming in-
dustries in spot market led to fall in zinc prices.
Gold seesawed today as investors eyed the FOMC meeting
outcome later on tonight. The COMEX gold futures fell un-
der $1150 per ounce in Asia following a continued firm un-
dertone in the US dollar to mark another four month low.
Indian demand is thin as buyers are watching the prices anx-
iously and are refraining from heavy purchases. The overall
movement remains choppy. This is causing speculators in
world markets to go easy on longs too. The COMEX Gold
futures are quoting at $1147 per ounce, down $1 per ounce
on the day.
MCX Gold futures are trading at Rs 25590 per 10 grams on
the day, down Rs 27 per 10 grams on the day. The counter
recovered from an intraday low of Rs 25500 per 10 grams.
Gold was little changed in US trading last night. US indexes
mostly fell Tuesday as oil continued to drop.

5. DAILY REPORT
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MARCH 2015
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RECOMMENDATIONS
DHANIYA
SELL CORIANDER APRIL BELOW 7080 TARGET 7030 6970 SL
ABOVE 7130
BUY CORIANDER APRIL ABOVE 7270 TARGET 7320 7380 SL
BELOW 7220
GUARSGUM
SELL GUARGUM APRIL BELOW 8190 TARGET 8140 8080 SL
ABOVE 8260
BUY GUARGUM APRIL ABOVE 8270 TARGET 8320 8380 SL
BELOW 8200
NCDEX
NCDEX ROUNDUP
With guar gum prices sliding, many processing units have
shut down in the past three months. Farmers, too, are wary
to grow guar in the upcoming season with seed prices fal-
ling to 10-year lows. As a result, acreage is expected to
shrink 20-30 per cent in the next season. At present, guar
seeds prices are between Rs 3,500 and Rs 3,700 a quintal -
which was the price band in 2004. On the other hand, guar
gum prices are between Rs 8,500 and Rs 8,700 a quintal
compared with Rs 14,000 in the year-ago period. During the
peak of the guar gum boom around March 2012, gum prices
had touched Rs 90,000 a quintal.
The annual budget 2015-16 for the state of Maharashtra
has proposed a reduction in the tax on cashew nuts (shell).
The rate of tax on cashew oil is 5% but tax on cashew shell
is12.5%. This requires the manufacturers to apply for refund
as there is a full rebate of input tax credit on raw material.
The budget document proposes to reduce rate of tax on
cashew shell to 5% considering that input should not be
taxed at a higher rate than output.
Cardamom futures rebounded from the losses on short cov-
ering. The MCX cardamom for the April delivery settled the
day at Rs 975, up 2.10%. Rainfall reported in the major
growing areas in kerala in the last few days and it is benefi-
cial for the next crop. This put pressure on prices. Heavy
inflow of commodity reported in the auction centers from
4th pickings and old stocks. India's cardamom output for
the year 2014-2015 was projected lower due to the bad
weather. Cardamom recovered on short position covering.
The counter ended the day at Rs 975, up 2.10% and OI
dipped 109 tonnes - 1,125 tonnes, indicating short covering
.
NCDEX INDICES
Index Value % Change
CAETOR SEED 3615 -0.39
CHANA 3628 -0.44
CORIANDER 7256 +3.05
COTTON SEED 1597 +0.44
GUAR SEED 3621 -1.95
JEERA 14540 -1.19
MAIZE 1325 +0.76
MUSTARDSEED 3390 +0.27
SOY BEAN 3346 -0.15
TURMERIC 6110 +3.60

6. DAILY REPORT
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USD/INR
BUY USDINR MARCH ABOVE 62.90 TGT 63.03,63.18 SL 62.75
SELL USDINR MARCH BELOW 62.84 TGT 62.71,62.56 SL 63.00
GBP/INR
BUY GBPINR MARCH ABOVE 92.30 TGT 92.50,92.70 SL 92.10
SELL GBPINR MARCH BELOW 92.00 TGT 91.80,91.60 SL 92.20
CURRENCY MARKET UPDATES:
The Indian Rupee firmed up further today. The INR is gain-
ing in the current week as traders eyed the recent narrow-
ing of the trade deficit. The local currency fell to its two
month low above 63 per US dollar mark last week.
India’s trade deficit narrowed to$6.8 billion in February as
oil imports declined by over 55% from a month earlier. This
has kept the rupee protected even as the US dollar soared
to fresh highs against a number of emerging market cur-
rencies. The Rupee closed around 62.69 mark in local spot
markets, up 3 paise on the day.
The dollar was giving ground in Asia on Thursday as inves-
tors priced in a later start and a slower pace for future U.S
rate rises, slashing bond yields globally and firing up stocks.
The dollar nursed hefty losses on Thursday having suffered
its biggest one-day fall in six years after the Federal Re-
serve struck a dovish tone on interest rates while highlight-
ing the currency's drag on U.S. exports.
Brent crude slipped below $56 a barrel on bigger than ex-
pected oil stocks in the United States though losses were
limited on a weaker dollar as the Federal Reserve signaled
a slower pace of interest rate hike.
U.S. Treasuries yields sank on Wednesday, with short-
dated note yields posting their biggest daily declines in six
years, after investors interpreted the latest Federal Re-
serve statement and comments from Fed Chair Janet
Yellen as dovish.
The RBI said on Wednesday it accepted all 39 bids for
129.24 billion rupees ($2.06bn) at its one-day repo auction,
through which it injects liquidity into the banking system.
Indian banks' refinancing with RBI flat at 68.43bn rupees.
Indian banks' cash balances with RBI rise to 3.60 trn ru-
pees.
RBI Reference Rate
Currency Rate Currency Rate
Rupee- $ 62.6720 Yen-100 51.6400
Euro 66.3383 GBP 92.4600
MCX COMMODITIES & CURRENCY

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CALL REPORT
PERFORMANCE UPDATES
Date
Commodity/ Currency
Pairs
Contract Strategy Entry Level Target Stop Loss Remark
18/03/15 NCDEX GUARGUM MAR. BUY 7294 7344-7404 7244 NOT EXECUTED
18/03/15 NCDEX GUARGUM MAR. SELL 7020 6970-6910 7070 BOOKED FULL PROFIT
18/03/15 NCDEX DHANIYA APR. BUY 8380 8430-8490 8320 NOT EXECUTED
18/03/15 NCDEX DHANIYA APR. SELL 8265 8215-8155 8325 BOOKED PROFIT
18/03/15 MCX GOLD APR. BUY 25850 28930-29030 25760 NOT EXECUTED
18/03/15 MCX GOLD APR. SELL 25500 25420-25320 25590 NOT EXECUTED
18/03/15 MCX SILVER MAR. BUY 35600 35800-36100 35300 NOT EXECUTED
18/03/15 MCX SILVER MAR. SELL 35000 34800-34500 35300 NOT EXECUTED
18/03/15 GBP/INR MAR. BUY 93.00 93.20-93.40 92.80 NOT EXECUTED
18/03/15 GBP/INR MAR. SELL 92.60 92.40-92.20 92.80 SL TRIGGERED
18/03/15 USD/INR MAR. BUY 63.00 63.13-63.28 62.85 NOT EXECUTED
18/03/15 USD/INR FEB. SELL 62.80 62.77-62.62 62.95 BOOKED PROFIT
Date Scrip
CASH/
FUTURE/
OPTION
Strategy Entry Level Target Stop Loss Remark
18/03/15 NIFTY FUTURE BUY 8770-8780 8820-8870 8720 SL TRIGGERED
18/03/15 RECL FUTURE BUY 335-340 345-350 330 BOOKED FULL PROFIT
18/03/15 GODREJ INDUS. FUTURE BUY 345 350-355 340 BOOKED PROFIT
18/03/15 LIC HOUSING CASH BUY 460-465 475-480 450 CALL OPEN
17/03/15 RELIANCE INFRA FUTURE SELL 460-450 440-430 470 CALL OPEN

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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, MARCH 16
8:30 AM EMPIRE STATE INDEX MARCH 6.3 7.8
9:15 AM INDUSTRIAL PRODUCTION FEB. 0.3% 0.2%
9:15 AM CAPACITY UTILIZATION FEB. 79.6% 79.4%
10 AM HOME BUILDERS' INDEX MARCH 56 55
TUESDAY, MARCH 17
8:30 AM HOUSING STARTS FEB. 1.018 MLN 1.065 MLN
8:30 AM BUILDING PERMITS FEB. -- 1.060 MLN
WEDNESDAY, MARCH 18
2 PM FOMC STATEMENT
2:30 AM JANET YELLEN PRESS CONFERENCE
THURSDAY, MARCH 19
8:30 AM WEEKLY JOBLESS CLAIMS
MARCH
14
N/A N/A
8:30 AM CURRENT ACCOUNT 4Q -- -$100 BLN
10 AM PHILLY FED MARCH 6.6 5.2
10 AM LEADING INDICATORS FEB. -- 0.2%
FRIDAY, MARCH 20
NONE SCHEDULED