1. Morning Note
Retail Research
Key Indices Dec 01 % Chg
Sensex 28560 -0.47
Nifty 8556 -0.38
BSE 500 10928 -0.26
DJIA* 17777 -0.29
Nasdaq* 4727 -1.34
MSCI Emerging Markets* 985 -1.95
MSCI AC Pacific* 136 -0.71
MSCI World* 1730 -0.55
*= in USD
Sectoral Indices Dec 01 % Chg
Major Gainers
BSE CD 9965 +3.31
BSE IT 11301 +0.84
Major Losers
BSE Oil & Gas 10633 -2.57
BSE Power 2117 -2.25
Top Gainers
(BSE-100) CMP (Rs) % Chg
Asian Paints 796.75 +7.13
Titan 389.65 +5.30
Shriram Transport 1121.85 +3.93
Top Losers
(BSE-100) CMP (Rs) % Chg
Unitech 18.50 -4.88
HDIL 80.05 -4.13
ONGC 364.40 -3.98
52 Week High Price (Rs)
Atul Auto 565.90
Axis Bank 493.50
52 Week Low Price (Rs)
ANGL 146.35
CCFCL 34.15
Turnover (Rs bn) NSE BSE
Dec 01 173.52 31.61
5 days average 197.21 41.22
Advance-Decline NSE BSE
Dec 01 0.49:1 0.72:1
5 days average 1.12:1 1.05:1
Volatility Index (ViX) Nifty CBOE
Dec 01 13.20 14.29
5 days average 13.07 12.91
Net Flows (Cr) Debt FII FII MF
Nov 28 +192.1 +993.3 +235.0
Cumulative for
Nov +11595.1 +12839.8 +1677.0
5 days average +630.0 +739.8 +328.4
Interest Rates 3 month Chg bps
MIBOR 8.68 +2.00
10 yr bond yield 8.06 -4.00
LIBOR – UK 0.55 +0.00
LIBOR – USA 0.23 +0.36
LIBOR – Europe 0.06 +0.00
Exchange Rates Value % Chg
USD/INR 62.14 +0.27
USD/EURO 0.80 -0.19
USD/YEN 118.33 -0.29
USD/POUND 0.64 -0.70
Other Value % Chg
RJ/CRB Index 258.78 +1.73
Gold ($ / Oz) 1,218.00 +3.64
Crude Oil ($ / Barrel) 69.00 +4.31
Brent Oil ($ / Barrel) 72.54 +3.41
1
Market Round Up Dec 02, 2014
Indian Markets
 The 30-share Sensex ended down 134 points at 28,560 and the 50-share Nifty
ended down 32 points at 8,556 after hitting a record high of 8,623. In the broader
market, the BSE Mid-cap index ended down 0.1% while Small-cap index closed
0.7% lower.
 Market breadth ended negative with 1,671 losers and 1,221 gainers on the BSE.
NSE cash turnover was at Rs. 17347.
 Consumer Durables index was the top sectoral gainer up 3.3% followed by
Healthcare, FMCG and IT sectors. Oil and Gas index was the top loser on the BSE
down 2.6% followed by Power, Metal and Capital goods indices. Hindustan
Unilever ended up 2.7%. Maruti Suzuki gained 1.6%. Infosys ended 0.2% lower.
BHEL ended down 3.2%.
 As per the provisional figures on Monday, FIIs were net sellers of Rs. 12 cr in the
cash market and net buyers of Rs. 56 cr in the F&O markets. DIIs were net sellers
of Rs. 555 cr in the cash market.
US & European Markets
 U.S. stocks fell in a broad decline on Monday, with the S&P 500 index suffering its
biggest one-day drop in more than a month as economic data indicated weakness
across the globe and the U.S. holiday shopping season got off to a tepid start. The
Dow Jones industrial average fell by 0.3%, while Nasdaq & S&P 500 fell by 1.3% &
0.7% respectively.
 European markets finished lower. The DAX fell by 0.2%, while CAC 40 & FTSE 100
closed down by 0.2% & 0.3% respectively.
 Most of the Indian ADRs ended negative. Infosys was flat while Wipro closed down
by 0.2%. Among banks, HDFC Bank was down 4.3% while ICICI Bank was down
1.2%. Tata Motors was down 0.1% while Dr Reddy’s ended flat.
Latin American Markets
 Among the Latin American markets, the Mexican markets ended lower by 1.8%,
while the Brazilian index ended lower by 4.4%.
Asian Markets
 Asian markets are lower today as Chinese and Hong Kong shares fall. The
Shanghai Composite is off 0.07% while the Hang Seng is down 0.08%. The Nikkei
225 is not trading.
 As of IST 8.30 am SGX Nifty is trading lower by 38.5 points.
Currencies
 The Indian rupee erased all its early losses, and closed little changed against the
dollar on Monday, as dealers avoided taking long positions ahead of the Reserve
Bank of India’s (RBI’s) bi-monthly monetary policy due on Tuesday. The rupee
closed at 62.02, up 0.01% from its previous close of 62.03.
 EURUSD fell to a low of 1.2479 on the back of better than expected ISM
Manufacturing data out of the US at 15:00 GMT.
Commodities
 Oil for Jan 2014 contract gained 4.3% at $69/barrel.
 Gold for Dec 2014 delivery gained 3.6% at $1218/troy ounce.
Key Events for Today
 India – RBI monetary policy (status quo policy expected)
 EU – Construction PMI, PPI
 US – Construction spending, ISM – NY Business Conditions, Chain Store Sales
Outlook
Indian markets could open negative on weak global cues and remain volatile ahead of
RBI policy today. FMCG, Pharma, IT, Capital Goods could relatively outperform.
Immediate support for Nifty is seen around 8520 level, while immediate resistance is
at 8650 level.
For fresh and / or open calls refer to page 4

2. Technical Analysis – Market Pulse Dec 02, 2014
Nifty Perspective Support Resistance 21 Day EMA Stock Pick
8555.90 Bullish 8520 – 8490 8620 - 8700 8386 ----------
Temporary halt to rise ?
Day’s action formed a bear candle with reasonable volume which indicates bulls are losing the momentum mildly.
Technically, index has taken the breather after the sharp rally on Friday, this sideways momentum has cooled off the hourly
oscillators and created room for further upside.
Prevailing uptrend remains intact and the day’s fall has not affected the bullish setup. Index continues to move up and
“wave v” is in the progress of extension towards 8720 in the near term. At outer extent it may test the band of 8900 -9000
levels which is 100% of “wave i”. Crucial swing support and trend reversal is placed at 8430, as long as price stays above this
level one can maintain positive bias. On any fall below, then trend could reverse and we could say that “wave v” has ended
with failure note.
Formation wise index is continuously forming higher highs and high lows. In addition to this price is still staying above rising
channel setup which is a good sign for the market.
Retail Research
2

3. Retail Research
For forthcoming Board Meeting on Dec 02, 2014
click on the following link
http://www.bseindia.com/mktlive/board_meeting.asp#1
3
News Flash Dec 02, 2014
Economy News
 Indian factory activity rose to a 21-month high in November, but that did not lead to
additional hiring, showed the widely tracked HSBC purchasing managers' index
(PMI) data .
Corporate News
 Mangalore Chemicals and Fertilizers has surged nearly 15% after the company
said Dr.Vijay Mallya, a director on the board of directors of the company, has
resigned with immediate effect.
 Maruti Suzuki India has moved higher by 2.2% to Rs 3,410 on BSE after reporting
19.5% year on year increase in its total sales to 110,147 units in the month of
November 2014.
 Indian Oil Corp (IOCL) is planning to add capacity across some of its refineries,
besides expanding beyond its core business of pipeline, transportation and
marketing, to gas, petrochemical and upstream.
 Maruti Suzuki India (MSI) reported a 19.5 per cent increase in total sales in
November at 110,147 units as against 92,140 units in the same month last year.
 Sun Pharma’s merger with ailing Ranbaxy has hit the roadblock as the company
has not received the approval from Competition Commission of India (CCI).
 Ashok Leyland reported a 44% jump in total sales at 7,732 units for November,
2014, as against 5,375 units in the same month last year.
 TVS Motor Company reported 36% increase in its total sales at 2,20,046 units in
November 2014.
Bulk Deals
Scrip Name Quantity (in lakhs) Fund Name Price
BHAGERIA +0.48 HI FI TRADING PRIVATE LIMITED 100.34
GOKEX -15.55 BLACKSTONE FP CAPITAL PARTNERS M V B SUBSIDIARY LIMITED 67.65
Key Corporate Action
Infosys RD 3/12/2014 2/12/2014 Bonus '1:1
Ballarpur Industries BC 5/12/2014 3/12/2014 AGM, 10% Dividend

4. Stock Ideas Dec 02, 2014
Retail Research
4
Update of Index Futures
Date B/S Positional Call Entry at Sloss Targets
Exit
Price /
CMP Exit Date
%
G/L Comments
Time
Horizon
Avg.
Entry
Abs.
Gain/Loss
24-Nov-14 B Nifty Nov Fut
8527.15-
8517 8490 8600 8490 25-Nov-14 -0.4 Stop Loss Triggered 3 Days 8527.15 -37.1
Update of Stock and Nifty Options Calls:
Date B/S Positional Call Entry at Sloss Targets
Exit
Price /
CMP Exit Date % G/L Comments
Time
Horizon
Avg.
Entry
Abs.
Gain/Loss
28-Nov-14 B Tata Global 170 Call 3.90 2.4 7.0 2.40 1-Dec-14 -38.5 Stop Loss Triggered 1-5 Days 3.90 -1.5
27-Nov-14 B Sun Pharma 860 Dec Call 26.00 17.0 50.0 27.90 27-Nov-14 7.3 Premature Exit 1-5 Days 26.00 1.9
25-Nov-14 B Apollo Tyre 230 Call 2.95 1.8 5.0 1.80 25-Nov-14 -39.0 Stop Loss Triggered 1-3 Days 2.95 -1.2
24-Nov-14 B Infy Dec 4200 Calls 145 101 235 185 25-Nov-14 27.6 Premature Profit Booked 1-5 days 145 40.0
24-Nov-14 B M&M 1250 Call 14.80 9.0 26.0 9.00 25-Nov-14 -39.2 Stop Loss Triggered 1-5 Days 14.80 -5.8
Update of Momentum / Intra Day/Futures Calls:
Date B/S Positional Call Entry at Sloss Targets
Exit
Price /
CMP Exit Date
%
G/L Comments
Time
Horizon
Avg.
Entry
Abs.
Gain/Loss
1-Dec-14 B MT Educare 130.00 125.85 138.65 132.70 1-Dec-14 2.1 Premature Profit Booked 2-3 days 130.00 2.7
1-Dec-14 B Sona Steering 54-55.45 53.00 60.00 56.35 1.6 Hold 1-5 days 55.45 0.9
1-Dec-14 B TNPL 138.40 133.50 149.00 136.95 -1.0 Hold 2-3 days 138.40 -1.45
1-Dec-14 S RPOWER Dec Fut 67.55-68.50 69.5 63.5 66.2 2.1 Hold 3-5 Days 67.55 1.4
1-Dec-14 S KTK Bank Dec Fut 142.95 148.5 134.0 143.6 -0.4 Hold 3-5 Days 142.95 -0.6
28-Nov-14 B Lloyd Electric 138.05 134.00 148.00 134.00 1-Dec-14 -2.9 Stop loss Triggered 2-3 days 138.05 -4.05
28-Nov-14 B Indiabulls Housing Finance 451.5 435.0 482.0 451.7 1-Dec-14 0.0 Premature Exit 3-5 Days 451.50 0.2
28-Nov-14 B KALPATPOWER 186.8 179.9 201.0 179.9 1-Dec-14 -3.7 Stop loss Triggered 3-5 Days 186.80 -6.9
28-Nov-14 B Talwalkar 226, 231.45 224.00 244.00 239.60 28-Nov-14 3.5 Premature Profit Booked 2-3 days 231.45 8.15
28-Nov-14 B HDIL 82.50 79.6 87.0 84.2 28-Nov-14 2.0 Premature Profit Booked 3 - 7 Days 82.50 1.7
28-Nov-14 B Godrej Ind 284-287.35 277.00 310.00 285.70 -0.6 Hold 1-5 days 287.35 -1.65
28-Nov-14 B Astra Micro 115.70 111.50 127.00 112.45 -2.8 Hold 2-3 days 115.70 -3.25
27-Nov-14 B Harrsom Mallyam 61.00 57.00 68.00 57.00 1-Dec-14 -6.6 Stop loss Triggered 2-3 days 61.00 -4
27-Nov-14 B Ingersoll Rand 870-886 845.00 970.00 914.90 28-Nov-14 3.3 Premature Profit Booked 1-5 days 886.00 28.9
27-Nov-14 B Philps Carbon 138, 144.2 135.00 158.00 148.00 28-Nov-14 2.6 Premature Profit Booked 2-3 days 144.20 3.8
27-Nov-14 B HUL 781.00 760.0 825.0 795.4 28-Nov-14 1.8 Premature Profit Booked 3 - 7 Days 781.00 14.4
27-Nov-14 B Jyoti Structure 40.35 38.00 45.00 41.70 27-Nov-14 3.3 Premature Profit Booked 2-3 days 40.35 1.35
27-Nov-14 B Surya Roshini 92.00 87.85 98.00 93.90 27-Nov-14 2.1 Premature Profit Booked 2-3 days 92.00 1.9
27-Nov-14 B GULFOILLUB 396.4 381.0 425.0 409.0 27-Nov-14 3.2 Premature Profit Booked 3-5 Days 396.40 12.6
26-Nov-14 B MANAKSIA 128.25 124.0 137.0 131.0 27-Nov-14 2.1 Premature Profit Booked 3-5 Days 128.25 2.8
26-Nov-14 B Century Ply 149.30 145.00 164.00 152.75 26-Nov-14 2.3 Premature Profit Booked 2-3 days 149.30 3.45
26-Nov-14 B Valecha Engg. 67.50-66.50 64.5 73.0 69.9 26-Nov-14 3.5 Premature Profit Booked 3-5 Days 67.50 2.3
26-Nov-14 B Oil Country Tub. 44.20 42.7 48.0 45.4 26-Nov-14 2.7 Premature Profit Booked 3 - 7 Days 44.20 1.2
26-Nov-14 B Den Networks 147.5-144 140.0 160.0 151.8 26-Nov-14 2.9 Premature Profit Booked 3 - 7 Days 147.50 4.3
26-Nov-14 B Thomas Cook 165, 174.7 162.00 188.00 171.55 -1.8 Hold 2-3 days 174.70 -3.15
3,322.0
25-Nov-14 S Maruti Dec Fut. 3,322.00 3414.0 3170.0 3414.0 1-Dec-14 -2.7 Stop loss Triggered 3 - 7 Days
0 -92.0
25-Nov-14 S AXIS Bank Dec Fut 472.75 487.0 447.0 470.1 26-Nov-14 0.6 Premature Profit Booked 3-5 Days 472.75 2.6
25-Nov-14 B Amrutanjan 432.55-428 417.0 460.0 436.7 25-Nov-14 1.0 Premature Profit Booked 3-5 Days 432.55 4.1
25-Nov-14 B Venus Rem 233.00 225.00 245.00 225.00 25-Nov-14 -3.4 Stop loss Triggered 2-3 days 233.00 -8
25-Nov-14 B HBL Power 27.30 26.6 31.0 28.6 25-Nov-14 4.6 Premature Profit Booked 3 - 7 Days 27.30 1.3
25-Nov-14 B KwalIty 45, 47 44.10 53.00 44.85 -2.5 Hold 2-3 days 46.00 -1.15
24-Nov-14 B Apollo tyre 225-228.35 222.00 245.00 222.00 25-Nov-14 -2.1 Stop loss Triggered 1-5 days 226.68 -4.68
24-Nov-14 B Ess Dee 385.85 374.00 420.00 374.00 25-Nov-14 -3.1 Stop loss Triggered 2-3 days 385.85 -11.85
24-Nov-14 B Ceat Ltd 921 895.0 985.0 944.0 25-Nov-14 2.5 Premature Profit Booked 3-5 Days 921.00 23.0
24-Nov-14 B BANCOINDIA 182-180.50 176.5 195.0 176.5 25-Nov-14 -2.6 Stop loss Triggered 3-5 Days 181.25 -4.8
24-Nov-14 B TV 18 Brdcst 30.65 29.4 33.0 30.0 -2.1 Hold 3 - 7 Days 30.65 -0.6
1,220.0
1,300.0
1,282.5
1,240.0
21-Nov-14 B M&M 1235-1245
0
0
0 27-Nov-14 3.4 Premature Profit Booked 1-5 days
0 42.5
21-Nov-14 B Harrison Malayalam 61.00 58.9 66.0 58.9 25-Nov-14 -3.4 Stop loss Triggered 3 - 7 Days 61.00 -2.1
20-Nov-14 B Divi's Lab 1730-1738 1705.0 1850.0 1743.2 26-Nov-14 0.5 Premature Profit Booked 1-5 days 1734.00 9.2
19-Nov-14 B Kajariya Ceramic 611.15 597.00 649.00 597.00 25-Nov-14 -2.3 Stop loss Triggered 2-3 days 611.15 -14.15
Update of Positional Calls:
Date B/S Positional Call Entry at Sloss Targets
Exit
Price /
CMP Exit Date
%
G/L Comments
Time
Horizon
Avg.
Entry
Abs.
Gain/Loss
1-Dec-14 B Mindtree 1241-1257 1185.0 1400.0 1244.0 -0.4 Hold 5-10 days
1,249.0
0 -5.0
1-Dec-14 B Electro Steel Cast. 21.9-21 20.2 24.0 20.9 -2.6 Hold 3-14 days 21.45 -0.6
27-Nov-14 B TRITURBINE 102.95-101 99.0 110.0 99.0 1-Dec-14 -2.9 Stoploss Trig. 5 Days 101.97 -3.0

5. 26-Nov-14 B Sks Microfin 328, 335.45 323.0 365.0 348.8 27-Nov-14 4.0 Premature Profit Booked 5-7 days 335.45 13.4
26-Nov-14 B Williamson Magor 72-69.5 66.3 80.0 70.5 -0.4 Hold 3-14 days 70.75 -0.3
25-Nov-14 S IOB Dec Fut. 55.30-57 58.3 50.0 56.5 28-Nov-14 -2.0 Premature Exit 3-14 days 55.30 -1.2
21-Nov-14 B Granules 787-778 752.0 850.0 752.0 25-Nov-14 -3.9 Stop loss Triggered 5 Days 782.50 -30.5
13-Nov-14 S DLF Nov Fut. 138.1-143 149.0 115.0 136.1 26-Nov-14 3.3 Premature Profit Booked 3-14 days 140.55 4.5
Retail Research
5
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