iwali - the festival of lights brought cheers back to the

Indian stock markets as encouraging developments from Dthe global front helped markets participants in shrugging

sluggish domestic developments. A week after plunging by around

one and half a percent, Indian equity indices demonstrated an

action-packed performance in the holiday shortened week and

j u m p e d t o

highest levels

in around two

months. The

f r o n t l i n e

i n d i c e s

skyrocketed

by over six

percent in the

passing week

and even went

on to regain the

important psychological 5,350 (Nifty) and 17,800 (Sensex) bastions.

help in easing Greece's debt burden and strengthen banks and the

European bailout fund. As per the tripartite agreement, private investors

would accept a loss of 50% on Greek bonds, which will cut Greece's debt

burden to 120% of GDP by 2020, banks will be forced to raise more capital

to protect them against losses resulting from any future defaults and

approved a crucial mechanism to boost the EFSF to an estimated 1 trillion

On the domestic front, the markets which had already factored in a

25 basis point rate hike by Reserve Bank gave a muted reaction to

the Reserve Bank of India's thirteenth interest rate since March

2010. Meanwhile sentiments also got a lift from reports that the

government has given its nod for the long-awaited National

Manufacturing Policy (NMP) which seeks to set up mega industrial euro. Investors' morale got further propped up because of the US GDP

zones and create 100 million jobs by 2022. Marketmen even went on data which showed that the world's largest economy gathered additional

to overlook the discouraging weekly inflation data which steam and expanded at a better than expected pace of 2.5% annual rate in

accelerated to the highest levels in over six months despite the the third quarter on stronger consumer spending and business

central bank's ongoing liquidity tightening measures. But the investment, easing concerns that the US was on the verge of a double-dip

earnings season progressed on an uninspiring note as FMCG recession. For the upcoming month 5415-5430 could be the key resistance

bellwether ITC announced in line earnings while the Union Bank of zone. Any break out above this level with substantial volumes may lift the

India reported weaker than expected earnings in the week. domestic sentiments and we might see 5570-5600 in short span of time. On

the flip side 5150-5170 could be the key support zone. HAPPY On the global front, sentiments got bolstered after the European TRADING…. policy makers approved a three-pronged agreement which will

FROM THE DESK OF RESEARCHFROM THE DESK OF RESEARCH

Monthly Update From Mansukh (For Private Circulation Only) Issue : November 2011

Visitor sms ' ' to 56767

www.moneysukh.commansukh make more, for sure.

Con

ten

ts

Market Review

1 Global

Snapshot

2Economy Update

3Technical

Picks

4Fundamental

Picks

5Market

Tutorials

6Commodity

Section

7Auxiliary Section

8

Volume* & Volatility Index (Nifty - Oct 2011)8

8.1

94

.9

91

.3

89

.1

92

.8

14

7.9

21

.9

14

3.3

10

7.1

0

1000

2000

3000

18-Oct 19-Oct 20-Oct 21-Oct 24-Oct 25-Oct 26-Oct 28-Oct 31-Oct*NSE

0

10

20

30Cash (Rs bn) F & O (Rs bn) Volatility %

Call Put Analysis (Nifty Nov 2011 series)

2 1 3 4 4

10 1

6

25

33

52

47

25

19 19

29 3

3

48 49

36 4

0

35

14

8

2

0

10

20

30

40

50

60

4500 4600 4700 4800 4900 5000 5100 5200 5300 5400 5500 5600

OI in LakhsCall Put

The DJIA, the principal index of US stock prices, has climbed over 1200 points in

October, breaking a record set in April 1999 while the S&P 500 Index is on way to

end October with its finest month since 1974. Concurrently as the euro

discussion a series of economic reports together with this week's GDP figures

spot in the direction of recovery in the US economy and away from signs of

another dip. The latest US government figures demonstrate US gross domestic

product (GDP) grew at an annualized 2.5% in the third quarter, a muscular

improvement on the 1.3% annualized enlargement posted in the second quarter

and a whole lot better than the miserable 0.4% reported in the first quarter.

With the stage show in Europe, nowadays-inflowing quieter phases we

believe US investors were once more spotlighting on their home market.

The commerce department accounted on Friday that private

consumption expenditures soared by 0.6% in September. That followed a

0.2% rise in August. The most recent Euro news came as Klaus Regling,

the head of euro-bailout fund the European financial stability facility

(EFSF) met with Zhu Guangyao, a Chinese vice-finance minister, in advanced 0.1% in September after falling 0.1% the prior month, and the

Beijing Friday. European leaders, led by France's Nicholas Sarkozy, are nation's savings rate fell to nearly a four-year low. Separately,

trying to convince the Chinese to invest more money in the EFSF. University of Michigan stated that its index of consumer sentiment

increased in the final review to 60.90 in October from 59.4 in September. Meanwhile Asia pacific stocks, widening an The preliminary estimate for the month was 57.5. advance that started on Thursday (27/10/2011), rushed to an eight

week high on Friday (28/12011), after European leaders set a plan to Emotion got strengthen after the European policy makers approved a

include the regions sovereign-debt and banking crisis that included a three-pronged agreement which will help in easing Greece's debt

50% write down on Greek government debt seized by private burden and strengthen banks and the European bailout fund. As per

bondholders and a boost to the region's bailout fund. Asian shares the tripartite agreement, private investors would accept a loss of 50%

rallied for a second day on Friday with many regional markets hitting on Greek bonds, which will cut Greece's debt burden to 120% of GDP

highs as investor confidence grew after the talk of world's largest by 2020, banks will be forced to raise more capital to protect them

economy, US slipping into recession got a halt after the quarterly data against losses resulting from any future defaults and approved a

illustrated the largest jump for the US economy in more than a year, crucial mechanism to boost the EFSF to an estimated 1 trillion euro.

which also sparked a overnight gain at Wall Street. The US markets Morale of investors globally also was buttressed because of an

closed mixed on Friday (28/10/2011), amid lot of volatility as data on impressive US economic report which showed that the GDP gathered

consumer confidence and spending failed to boost equities a day after additional steam and expanded at a better than expected pace of 2.5%

European leaders expanded the region's bailout plan. Equities pared annual rate in the third quarter, easing concerns that the US was on the

losses in the final minutes and the S&P 500 closed in green completing verge of a double-dip recession. The U.S. economy cultivated at its

its fourth straight weekly advance, the longest since January. The fastest pace in a year in the third quarter as consumers and businesses

Commerce Department reported that consumers' spending picked up stepped up spending, creating momentum that could carry into the

last month, increasing 0.6% after a 0.2% growth in August. Incomes final three months of the year.

GLOBAL MARKETS:

2

GLOBAL SNAPSHOT make more, for sure.

OCTOBER BRINGS SOME SMILE FOR US INVESTORS

Source: reutersindia.com

“Many people take no care of their money till they come nearly to the end of it, and others do just the same with their time”

Global & U.S. Manufacturing activities Euro Zone default dominoes

3

ECONOMY UPDATEmake more, for sure.

Despite the slowdown in global economy, Foreign Direct Investment (FDI) in

India jumped by 95% in the first five months of the 2011-12. According to the

ministry of commerce and industry's data, FDI in April-August 2011 stood at

$17.37 billion as compared to $8.887 billion during April-August 2010. In the

first seven months of the current calendar year, foreign investments surged by

50% to $20.76 billion compare $13.85 in the same period of last year. On month-

on-month basis, FDI in August stood at $2.83 billion compare to $1.099 billion in

July. July's FDI inflow was the lowest figure in 2011-12, which indicate the

slowdown in the global economy has affected the pace of capital inflow. However,

experts have the view that the government should further streamline polices and

make the environment more conducive to the overseas investments. In order to

attract foreign investment, the government had relaxed FDI norms. The

government had also relaxed norms for FDI in construction of old age homes and

educational institutes and without lock in period rules. The major sectors

attracting overseas investment in the country are service (financial and non

financial services), Telecommunication, housing and real estate and power

sector. The major investing countries are Mauritius, Singapore, the US, the UK,

the Netherlands, Japan, Germany and the UAE.

billion during the week ended October 21, 2011. The increase in

valuation of Foreign Currency Assets pulled the forex kitty higher

during the reporting week. Valuation of foreign currency assets

increased $861 million in the week to $282.514 billion. This figure

excludes investment worth Rs 1,903 crore/ $380 million invested in

foreign currency denominated bonds issued by IIFC (UK). Further,

foreign currency assets expressed in US dollar terms include the effect

of appreciation /depreciation of non-US currencies (such as euro,

sterling, yen) held in reserves. The value of gold in the reserves

remained unchanged to $28.667 billion during the week. This valuation

includes Rs 31,463 crore ($6,699 million) reflecting the purchase of 200

metric tonne of gold from IMF on November 3, 2009. The country's

reserve position in the IMF also witnessed a drop of $1 million during

the week ended October 21, 2011 to $2.635 billion. Reserve position in

the IMF, i.e., Reserve Tranche Position (RTP) which was shown as a

memo item from May 23, 2003 to March 26, 2004 has been included in

the reserves from the week ended April 2, 2004 in keeping with the

international best practice.

On the other hand India's food inflation inched up to 11.43%, breaching

the psychological barrier for the week ended October 15 from 10.60% in

the previous week. The weekly food inflation measured by the

Wholesale Price Index (WPI) is at 6-month high, sustaining the

pressure on overall inflation and the Reserve Bank of India (RBI). The

surge was mainly on the back of relentless rise in prices of vegetables,

fruits, milk and protein-rich items. According to the data released by

the Ministry of Commerce and Industry, the index for 'Food Articles'

group rose by 0.2% to 200.8 (Provisional) from 200.3 (Provisional) for

the previous week due to higher prices of condiments and spices (3%),

gram, fish-marine and maize(2% each) and pork (1%).

Meanwhile the ministry of finance indicated that it is likely to approve

capital infusion into public sector banks, including State Bank of India

by mid-November. In the current financial year, the capital

requirement of PSU banks has been estimated between Rs 10,000-

20,000 crore. The committee is examining proposals for capital

requirement during the current fiscal as well as for long-term (2021). By

that time banks will have to meet Basel II norms as well. As India is set

According to the latest press release from the Reserve Bank of India to implement Basel III norms on capital adequacy, in coming ten years,

(RBI), the country's forex reserves increased by $858 million to $318.358 PSU banks would need around Rs 3.5 lakh crore.

FDI SHOWS HANDSOME RECOVERY HOWEVER INFLATION STILLS A DEEP WORRY

“If you can, you will quickly find that the greatest rate of return you will earn is on your own personal spending. Being a smart shopper is the first step to getting rich.”

Source: reutersindia.com

FDI flows in IndiaIndia raised Repo Rate by 25bps to 8.5%

TECHNICAL PICKS

4

make more, for sure.

PANTALOON RETAIL (INDIA) LTD

TECHNICAL ANALYSIS

Pantaloon Retail (India) is India's leading retail chain and

part of Indian conglomerate Future Group. It operates retail

space spread over 11 million square feet. It has a network of

more than 1000 stores across 63 cities in India and has

employee strength of 30,000 people. Pantaloon Retail (India)

is planning to mop up Rs 1,500 crore by issuing equity-linked

securities amounting to stake dilution of about 15 percent. In

this regard, the company has got its board approval. The

securities could be either convertible instrument, convertible

into shares, debt instruments with attached warrants giving

right to the holder of such warrants to subscribe for

Equity/Class B Shares, issue of Equity/Class B shares.

Further, the company's board directed that, it should ensure

that overall dilution of equity through aforesaid is within

15% and the debt equity ratio is not to exceed 1.33. The

company's promoters had 44.92% stake in the firm as on

June, 2011.

On technical perspective, after taking significant correction

from the highs of Rs 310, scrip has shown crucial resistance

below Rs 170 level. At current juncture we believe scrip has

the potential to recover from the current level as its technical

indicators i.e. RSI and MACD also suggest some technical

pull back in near term. Hence we recommended 'Buy' in this

stock.

SCRIP NAME

TRIGGER PRICE

TARGET 1

TARGET 2 STOP LOSS DURATION

PANTALOON 175-180 160 210 225 1 Month

FEDERAL BANK LTD

Federal Bank is the fourth-largest private lender in the country

and the largest in Kerala, with a balance sheet of Rs 81,000 crore

as of September 30. The company's net profit for the quarter rose

36.15% at Rs 191.16 crore as compared to Rs 140.40 crore for the

quarter ended September 30, 2010. Its net sales has increased by

32.29% to Rs 1484.79 crore for the quarter under review from Rs

1122.38 crore for the similar quarter of the previous year.

Federal Bank, a Kerala-based private sector bank, has opened 66

new branches on October 18, 2011. Of the new branches

inaugurated 12 are in Gujarat, 10 in Karnataka, 9 in Tamil Nadu

and 6 in Maharashtra. The way forward for Federal Bank is to

scale up on its strength in new territories. This move is in line

with its vision of becoming the most trusted partner for the SME,

retail and NRI customer segments. Recently, in a bid to expand

the services and facilitate its customer to bank under single roof

the bank is eyeing to foray into equity broking services business.

The Kerala-based bank is also keen on starting investment

banking services but is yet to formally move to the regulators

and exchanges in this regard.

On technical viewpoint, stock has shown double bottom

formation around Rs 340 and currently in upward bias. In close

proximity scrip has given crucial break out above its 200 DMA

(Rs 400) which itself a bullish indicator in near term. Moreover

it's RSI and other technical indicators also displaying some

buying opportunities in near term. Hence investors are advised

to BUY this stock for a price target of Rs 440-460 in near term.

SCRIP NAME

TRIGGER PRICE

TARGET 1

TARGET 2 STOP LOSS DURATION

FEDERAL BK 390-400 370 440 460 1 Month

“If money is your hope for independence you will never have it. The only real security that a man will have in this world is a reserve of knowledge, experience, and ability.”

5

FUNDAMENTAL PICKS

HCL Technologies Ltd Target Price: 510

make more, for sure.

FUNDAMENTAL PICK

New service factory delivery model will help to pact more deals…HCL Technologies,

Financials:To enhance the productivity joined hands with other IT majors…

INVESTMENT GROUNDS

Timely contract Execution Track Record is an advantage…

a leading global IT services company offers HCL Tech recently entered into a strategic 5-year deal with Deutsche integrated portfolio of services including software-led IT solutions, Bank's Capital Markets arm. The service factory delivery model remote infrastructure management, engineering and R&D services and implemented by HCL will enhance productivity driven by transparent BPO. It provides services to industry sectors including financial Service Level Agreements and performance metrics. This deal is one of services, manufacturing, aerospace & defense, telecom, retail & CPG, the significant milestones in the strategic roadmap that has been charted life sciences & healthcare, media & entertainment, travel, by the company and it is delighted to continue along this journey with transportation & logistics, automotive, government, energies & Deutsche Bank. Moreover, the leading global banks are also looking for utilities. With offices in 26 countries and partnerships with several ways to improve their application product management, in order to leading firms, it is a leader in providing IT services to its clients increase efficiency and enhance productivity, which would give HCL an restructuring the core of their businesses.opportunity to grab such kind of deals in near term.

The Top Line of HCL Tech grew at CAGR of 17.5% over the

last five years (FY06-11), bottom Line and Operating Profit of the HCL Tech has also signed MOU with Etisalat to offer collaborative ICT

company for the same period grew at CAGR of 13.5% and 16% services to customers. As per the agreement, they both together will work

respectively. In FY11, the Net Sales of HCL Tech jumped 34% to Rs together to explore the possibility of collaboration for offering joint ICT

6794.48 crore over FY10, Operating Profit of company surged 12% to Rs solutions to business customers in the areas of Mobility, Cloud

1516.37 crore and PAT also increased by 13.4% to Rs 1198.28 crore. In Computing and advanced ICT services. To strengthen its Software

Q1FY12 (Sep 2011), the Net Sales of the company grew by 32%, Assessment Services, HCL has also joined hands with CAST, a world

Operating Profit grew by 71% and PAT phenomenally jumped 104%. The leader in software analysis and measurement. CAST AIP tool that allows

OPM for the same period stood around 24% while PAT margin was 20%. analysis will augment assessment service to HCL's worldwide clients,

and measurement of essential structural quality attributes.Indian IT exporters generate more than 90% of their revenue from the

developed economy and any unfavorable economic conditions in these

developed countries affects the growth of IT sector in India. As we can

see that right now due to current economic uncertainty the IT sector has

been impacted, though dollar appreciated against rupee and played a

vital role to offset several revenue losses for the past quarter. However,

in forth coming period the situation is likely to improve as many global

software providers expressed that uncertainty has failed to affect

software and services spending. On the other hand, the individual

efficiency of IT companies like increasing outsourcing contracts and

introducing new business models can make them competent for this

environment.

With the new contracts worth Rs US$2bn during past six months, HCL

Tech is focusing to obtain more large deals. HCL Tech featured among

TPI's Global 6 IT Services providers by TCVs awarded, across all the

three regions of the world has won multiple transformational deals and

has a record of accomplishment to deliver them with timely execution

with excellent customer supports. It has collaborated with Apacheta to

provide global delivery of mobile sales, delivery and merchandising

solutions to consumer goods industry to enhance operational

efficiencies & provide improved time-to-market benefits.

Quarter & Year Ended Sep-11 Sep-10 %Chg JUN-FY11

Net Sales (Rs Cr) 1979.22 1498.32 32.1 6794.48

Operating Profit (Rs Cr) 475.54 278.32 70.9 1516.37

OPM% (Chg in bps) 24.03 18.58 545 22.32

PAT (Rs Cr) 397.55 194.88 104.0 1198.28

PATM% (Chg in bps) 20.09 13.01 708 17.64

EPS (Rs) 5.76 3.46 2.9 17.4

Dividend (%) 0 0 0 375

Equity (Rs Cr) 137.96 136 1.4 137.74

CMP (Rs) 430.75 21.22

52- Week High (Rs) 528.4 4.91

52- Week Low (Rs) 360.1 15.28

Latest Book Value (Rs) 87.65 4.08

Face Value (Rs) 2 4.09

Total No of Shares (Cr) 68.98 0.18

Avg. Monthly Vol. (Lakhs) 10.04 18.12

Market Cap (Rs Cr) 29,728 23.08

Beta (Sensex) 1.16 21.04

Industry P/E 19.55 1.74

Promoters (%) 64.27 20.51

Non-Institutions (%) 8.51 6.71

Data Matrix as on 01.11.2011 Key Financial Ratios (TTM)

ROE (%)

ROA (%)

P/E (x) TTM

P/BV (x) TTM

EV/TTM EBIDTA (x)

EV/TTM Sales (x)

MCap/ TTM Sales( x)

DIIs (%)

Total Debt/Equity (x)

ROCE (%)

Dividend Yield (%)

Major Shareholders as on 30 Sep 2011

FIIs (%)

“Education is the foundation of success. Just as scholastic skills are vitally important, so are financial skills and communication skills.”

Remember that, in our first option strategy tutorial we have discussed an

option strategy called Bull Call Spread, that strategy is known as a bullish

option strategy, employed when the options trader expects the underlying

stock price to move upwards. Now in this edition we will discuss Bear Put

Spread, which is the reverse of a Bull Call Spread and works the same way in

the opposite direction. “Bear Put Spread involves simultaneously purchase

of a put option on a particular underlying stock, and writing a put option on

the same underlying stock with the same expiration month, but with a lower

strike price”. This kind of spread generally categorized as “Vertical Spread”

because you have to pay some amount of money to hold this position, which is

also known as a Debit Spread.

When & How to use Bear Put Spread?

Advantages of Bear Put Spread

Conclusion:

The Break Even Point with an exemplar

Bear Put Spread is a type of options strategy used when an option

trader expects a decline in the price of the underlying asset. Bear Put deducting the net premium paid from the Strike price of the

Spread is achieved by purchasing put options at a specific strike price purchased put. To understand the bear put spread let us take an

while also selling the same number of puts at a lower strike price. In example, suppose stock of a company is trading at Rs 38 in Oct. An

fact, this option strategy is also a method to buy put options at a options trader bearish on this stock decides to enter a bear put spread

discount, because you sell to open an Out of the Money (OTM) put position by buying a Oct 40 put for Rs 300 and sell a Oct 35 put for Rs

option in this option strategy, which reduces investment on our In 100 at the same time, resulting in a net debit of Rs 200 for entering this

The Money (ITM) or At The Money (ATM) Put options. This option position. The price of stock subsequently drops to Rs 34 at expiration.

strategy would be an ideal strategy for the beginners who want to Both puts expire in-the-money with the Oct 40 put bought having Rs

profit from a down market as it reduces upfront payment and 600 in intrinsic value and the Oct 35 put sold having Rs 100 in intrinsic

therefore the risk of the position too. value. The spread would then have a net value of Rs 5 (the difference

in strike price). Deducting the debit taken when he placed the trade,

his net profit is Rs 300. This is also his maximum possible profit. If the

Bear Put Spread can be considered a double hedging strategy as the stock had rallied to Rs 420 instead, both options expire worthless,

price paid for the put with the higher strike price is partially and the options trader loses the entire debit of Rs 200 taken to enter

compensate by the premium received from writing the put with a the trade. This is also the maximum possible loss.

lower strike price. Thus, the investor's investment in the long put and

the risk of losing the entire premium paid for it is reduced or hedged. The bear put spread is a debit spread as the difference

The position is hedged as loss is limited if the underlying asset rises between the sale and purchase of the two options results in a net debit.

instead of fall while on the other hand if the underlying asset fails to This spread is sometimes more broadly categorized as a "vertical spread":

fall beyond the strike price of the out of the money short call option, a family of spreads involving options of the same stock, same expiration

the profit yield will be greater than just buying put options. It is also a month, but different strike prices. Either they can be created with all calls

way of buying put options at a discount by selling the out of the or all puts, and is bullish or bearish. The bear put spread, as any spread,

money put option at a strike price beyond that which the underlying can be executed as a "package" in one single transaction, not as separate

asset is expected to fall.buy and sell transactions. For this bearish vertical spread, a bid and offer

for the whole package can be requested through your brokerage firm

from an exchange where the options are listed and traded. Hope this

The Break-even point for the Bear Put Spread can be achieved by option strategy helps to make some reasonable profits in falling markets.

MARKET TUTORIALS

6

make more, for sure.

OPTIONS STRATEGY – BEAR PUT SPREAD

“Customers want brands that are narrow in scope and distinguishable by a single word, the shorter the better.”

CRUDE OIL:

GOLD:

COPPER:

Meanwhile

Crude oil prices recoiled on last trading of the week as

investors grew worried that the recent sharp upmove in prices will not

be sustained amid uncertainties over the European accord. Fuel prices

also weighed down by the marginal appreciation in American

greenback which made the dollar denominated commodity costlier for

holders' of other currencies. Meanwhile, the crude oil prices also got

undermined by reports that Japanese manufacturing activity declined

in September for the first time since the devastating March earthquake,

indicating that the slowing global growth is hurting nation's economy.

Benchmark crude for December delivery fell by $0.64, or 0.68% to settle

at $93.32 a barrel on, after trading as high as $93.93 and as low as $92.01

on the New York Mercantile Exchange. In London, Brent crude for

December delivery plummeted $2.17 or 1.94% to $109.91 a barrel, on

the ICE Futures exchange.

Gold prices halted the five straight session northbound

journey on Friday (28/10/2011) and settled marginally below the

neutral line, concluding the week with 6.8% gains. Market participants

took a breather on last trading day of the week after the recent non-stop

rally, lacking any significant cues to take the bullion prices higher. The first trading session of a new week as marketmen chose to take profits

yellow metal prices see-sawed between gains and losses through the off the table after the spike up in American dollar and growing doubts

session as investors turned cautious after they shifted their attention on over Europe's bailout plan undermined sentiments. However, the red

the challenges in implementing new measures to resolve the region's metal prices also got weighed down after a data showed that the

debt trouble. Gold futures for December delivery eased $0.50 or 0.03% Chicago PMI fell more-than-expected to a seasonally adjusted 58.4 last

to settle at $1,747.20 an ounce, after trading as high as $1,754 and as low month from 60.4 in the preceding month. Copper futures for December

as $1,733 on the Comex division of the New York Mercantile Exchange, delivery slumped 7.40 cents or 2% to settle at $3.6320 per lb after

whereas the spot gold prices shed $2.3 to $1,743.40 an ounce.trading as high as $3.7425 and as low as $3.4890 on the Comex metals

Copper prices extended the gaining streak for yet another division of the New York Mercantile Exchange. Copper for three-session on Friday (28/102011) and even climbed to the highest levels in month delivery on the London Metal Exchange plummeted $175 to end around five weeks as marketmen continued to pile positions in the at $8,000 a tonne. industrial metal amid expectations that the European deal would

investors relentlessly accumulated positions in the growth prevent the global economy from dipping into recession and improve

sensitive metal after Europe's hard-won debt deal to save the Euro-the metal's demand prospects. However, the upside in the red metal

zone and the global economy from recession. Investors' morale also got prices was capped as reports that Japanese manufacturing activity

boosted because of an impressive US economic report which showed declined in September for the first time since the devastating March

that the GDP gathered additional steam and expanded at a better than earthquake, exerted some pressure. Copper futures for December

expected pace of 2.5% annual rate in the third quarter, easing concerns delivery increased 1.40 cents or 0.4% to settle at $3.706 per lb on the

that the US was on the verge of a double-dip recession. The red metal Comex metals division of the New York Mercantile Exchange. Copper

prices also got underpinned by the depreciation in greenback which for three-month delivery on the London Metal Exchange added $30 to

made the dollar priced metal look more attractive to global investors.end at $8,175 a tonne. However Copper prices got pummeled on the

7

COMMODITY UPDATES: PROFIT BOOKING SCENARIO MORE ON THE CARDS

“Success of today resulted from the failure of yesterday.”

AUXILIARY SECTION make more, for sure.

ALERT FOR CLIENTS SERVICE FOR MANSUKH SECURITIES

IntroductionMansukh Securities has brought Alert for Clients Service for its customers to remain informed and connected with the stock market while on move.

Jaamoon Alc Features:1. Conditional Alerts - This feature allows users to set alerts based on price trends.2. Periodic Alerts - This feature allows users to set time-based alerts.3. Market Open and Market Close Alerts - This feature allows users to set alerts based on Market Open and

Market Close conditions.

Steps To Register And Use Alc Platforma. Click http://www.moneysukh.com.

b. Click

c. Click on New user click here and register yourself by entering your mobile number, first name and last name.

d. SMS having your username and system generated password will be sent to your registered mobile number.

e. Using the login details you can now enter username and password and click Signin.

f. Once you login into the application for the first time, you will be asked to change your password. It is recommended to change the password although you may ignore the warning by clicking Ignore.

g. You can then click “Create alert” link to create your own alerts

h. You can also view the alerts you have created using “View alerts” link