COMMODITY MARKET LEVELS-8 May 2014

AGRI COMMODITY

CS CHANA (JUNE) OVERVIEW:

TREND BEARISH

SUP1:2995

SUP2:2950

RESIST1:3115

RESIST2:3200

TRADING STRATEGY: SELL ON RISE

CS JEERA (JUNE) OVERVIEW:

TREND CONSOLIDATE

SUP1:10500

SUP2:10280

RESIST1:10950

RESIST2:11255

TRADING STRATEGY: BUY ON DIPS

CS TURMERIC (JUNE) OVERVIEW:

TREND CONSOLIDATE

SUP1:6600

SUP2:6470

RESIST1:6780

RESIST2:6900

TRADING STRATEGY: BUY ON DIPS

CS SOYABEAN (JUNE) OVERVIEW:

TREND CONSOLIDATE

SUP1:4640

SUP2:4505

RESIST1:4820

RESIST2:4870

TRADING STRATEGY: BUY ON DIPS

BULLION COMMODITY

CS COPPER (JUNE) OVERVIEW:

TREND BEARISH

SUP1: 404

SUP2:399

RESIST1:414

RESIST2:423

TRADING STRATEGY: SELL ON RISE

CS CRUDE (MAY) OVERVIEW:

TREND CONSOLIDATE

SUP1:5930

SUP2:5825

RESIST1:6140

RESIST2:6205

TRADING STRATEGY: BUY ON DIPS

CS GOLD (JUNE) OVERVIEW:

TREND CONSOLIDATE

SUP1:28200

SUP2:28000

RESIST1:28850

RESIST2:29100

TRADING STRATEGY: SELL ON RISE

CS SILVER (JULY) OVERVIEW:

TREND CONSOLIDATE

SUP1:41500

SUP2:40500

RESIST1:43000

RESIST2:43840

TRADING STRATEGY: SELL ON RISE

COMMODITY MARKET TREND-8 May 2014

BASE METAL WRAP: Copper prices edged lower on Wednesday, amid ongoing concerns over the health of China’s economy. Data released earlier showed that China’s HSBC Services Purchasing Managers Index ticked down to 51.4 in April from 51.9 in March, underlining concerns that an economic slowdown in the world’s second-largest economy is deepening.

ENERGY WRAP: West Texas Intermediate traded near the highest price in a week after crude inventories shrank for the first time since March in the U.S., the world’s biggest oil consumer. Brent was steady in London.

PRECIOUS METAL WRAP: Gold held below $1,300 an ounce after the biggest one-day drop in three weeks on speculation that the U.S. Federal Reserve will further reduce monetary stimulus as the economy recovers.

GLOBAL EVENTS TO WATCH: Employment Change, Unemployment Rate, Asset Purchase Facility, Official Bank Rate, MPC Rate Statement, Minimum Bid Rate, ECB Press Conference, Unemployment Claims, Fed Chair Yellen Testifies, FOMC Member Tarullo Speaks, Natural Gas Storage, 30-y Bond Auction.

INDIAN EQUITY MARKET OUTLOOK-8 May 2014

INDIAN BENCHMARK rebound tracking firm Asian cues and overnight gains on Wall Street. Financial Technologies and Multi Commodity Exchange of India are trading lower by up to 5% each after Jignesh Shah, the promoter of these companies, was arrested by the Economic Offences Wing of the Mumbai Police in connection with the National Spot Exchange scam.

FURTHER, Lupin Ltd has posted a net profit after taxes and minority interest of Rs. 5530.00 mn for the quarter ended March 31, 2014 as compared to Rs. 4080.80 mn for the quarter ended March 31, 2013. Oil India Ltd has acquired 50% stake in an oil block in Russia for $ 85 mn.

Trend in FII flows: The FIIs were net buyers of Rs 119cr in the cash segment on Wednesday while the domestic institutional investors (DIIs) were net sellers of Rs. 258cr, as per the provisional figures released by the NSE.

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ROCKING PERFORMANCE OF THE DAY

STOCK FUTURES:

FUTURES INTRADAY:

UPL LTD FUTURES BUY CALL 3 TG

SYNDICATE BANK FUTURES SELL CALL 3 TG

HCL TECH FUTURES SELL CALL 3 TG

ARVIND LTD FUTURES BUY CALL 2 TG

CENTURY LTD FUTURES BUY CALL 1 TG (BOOKED AT 397.35)

PREMIUM FUTURES:

ALLAHABAD BANK FUTURES SELL CALL 3 TG

UPL LTD FUTURES BUY CALL 2 TG (BOOKED AT 295.60)

NIFTY FUTURES:

NIFTY FUTURES SELL CALL 3 TG

OPTION:

UPL LTD 280 CALL BUY CALL 3 TG

ALLAHABAD BANK 100 PUT 3 TG

TCS 2200 PUT BUY CALL 2 TG (BOOKED AT 93)

OPTION PREMIUM:

UPL LTD 280 CALL BUY CALL 2 TG

STOCK CASH:

STOCK CASH INTRADY:

SYNDICATE BANK SELL CALL 2 TG

ALLAHABAD BANK SELL CALL 2 TG

UPL LTD BUY CALL 2 TG

BAJAJ ELECTRICALS LTD BUY CALL BOOKED AT 317.45

STOCK CASH PREMIUM:

ALLAHABAD BANK SELL CALL 3 TG (BOOKED AT 94.65)

HCL TECH SELL CALL 2 TG

INDIAN EQUITY MARKET WRAP UP-7 May 2014

INDIAN BENCHMARKS slipped on weak global cues and poll outcome.

INDIAN BENCHMARKS slipped tracking weak global cues, amid uncertainty ahead of election results on May 16. Investors worldwide remained wary of US Federal Reserve Chair Janet Yellen's congressional testimony later today.

Further, Allahabad Bank has plunged 8%, after the bank said its gross NPA, as a percentage of total assets, increased to 5.73% in the March quarter from 5.47% at the end of December quarter. Syndicate Bank posted a net profit of Rs. 4093mn for the quarter ended March 31, 2014 as compared to Rs. 5923.40 million for the quarter ended March 31, 2013.

The crucial resistance for Nifty is now seen at 6720 and above this 6740. Support for the immediate term is now placed at 6600 and next support will be 6580.

NEWS TO WATCH:

Watch out for the quarterly earnings of Glenmark Pharma, Amtek Auto, Amtek India, Finolex cables on 8TH May 2014.

TOP CORPORATE NEWS-7 May 2014

Lupin Q4 net jumps 36%, revenue up 20%
Lupin posted a 36 percent rise in net profit to Rs 553 crore in the fourth quarter ended March 2014 against Rs 408 crore a year earlier. Total revenue in the quarter grew 20 percent to Rs 3051 crore against Rs 2,537 crore due to growth in its formulation business.

Allahabad Bank dips post Q4 results
Allahabad Bank has plunged 8%, after the bank said its gross non-performing assets, as a percentage of total assets, increased to 5.73% in the March quarter from 5.47% at the end of December quarter.

Syndicate Bank Q4 net profit at Rs4093mn
Syndicate Bank posted a net profit of Rs. 4093mn for the quarter ended March 31, 2014 as compared to Rs. 5923.40 million for the quarter ended March 31, 2013.Total Income has increased from Rs. 47807.50 mn for the quarter ended March 31, 2013 to Rs. 53574.00 mn for the quarter ended March 31, 2014.

RIL cuts FY15 capex for KG-D6
RIL has reduced FY15 KG-D6 capex by 50% to 12.3 units as against FY14. The company plans to spend $400mn on KG-D6 in FY15. RIL has cut estimates due to regulatory uncertainty. The estimated KG-D6 production for FY15 was 17.4 units.

COMMODITY MARKET LEVELS-7 May 2014

AGRI COMMODITY

CS CHANA (JUNE) OVERVIEW:

TREND BEARISH

SUP1:2995

SUP2:2950

RESIST1:3115

RESIST2:3200

TRADING STRATEGY: SELL ON RISE

CS JEERA (JUNE) OVERVIEW:

TREND CONSOLIDATE

SUP1:10500

SUP2:10280

RESIST1:10950

RESIST2:11255

TRADING STRATEGY: BUY ON DIPS

CS TURMERIC (JUNE) OVERVIEW:

TREND CONSOLIDATE

SUP1:6600

SUP2:6470

RESIST1:6780

RESIST2:6900

TRADING STRATEGY: SELL ON RISE

CS SOYABEAN (JUNE) OVERVIEW:

TREND CONSOLIDATE

SUP1:4640

SUP2:4505

RESIST1:4820

RESIST2:4870

TRADING STRATEGY: BUY ON DIPS

BULLION COMMODITY

CS COPPER (JUNE) OVERVIEW:

TREND BEARISH

SUP1: 407

SUP2:405

RESIST1:414

RESIST2:418

TRADING STRATEGY: SELL ON RISE

CS CRUDE (MAY) OVERVIEW:

TREND CONSOLIDATE

SUP1:5930

SUP2:5825

RESIST1:6070

RESIST2:6140

TRADING STRATEGY: SELL ON RISE

CS GOLD (JUNE) OVERVIEW:

TREND CONSOLIDATE

SUP1:28400

SUP2:28200

RESIST1:29060

RESIST2:29300

TRADING STRATEGY: BUY ON DIPS

CS SILVER (JULY) OVERVIEW:

TREND CONSOLIDATE

SUP1:42000

SUP2:41300

RESIST1:43000

RESIST2:43840

TRADING STRATEGY: BUY ON DIPS

 

COMMODITY MARKET TREND-7 May 2014

BASE METAL WRAP: Nickel climbed for a second day to trade near a 15-month high on concern that global supplies will be disrupted as tensions between Russia and Ukraine were escalating and Indonesia stopped ore exports.

ENERGY WRAP: West Texas Intermediate advanced for a second day after an industry report showed crude stockpiles declined in the U.S., the world’s biggest oil consumer. Brent gained in London.

PRECIOUS METAL WRAP: Gold rose toward a three-week high as investors weighed tension in Ukraine against signs of an improving U.S. economy. Palladium was near the highest level since August 2011.

GLOBAL EVENTS TO WATCH: Employment Change q/q, Unemployment Rate, Retail Sales m/m, Building Permits m/m, Prelim Nonfarm Productivity q/q, Prelim Unit Labor Costs q/q, Fed Chair Yellen Testifies, Crude Oil Inventories, 10-y Bond Auction.

INDIAN EQUITY MARKET OUTLOOK-7 May 2014

INDIAN BENCHMARK have a subdued opening in wake of the negative cues from the global front. Shasun Pharma extends rally on acquiring global rights of Ibuprofen, Nuprin.

FURTHER, Titan is trading higher by 2% extending its previous day's 3.4% gain, after reporting 11.6% year-on-year (yoy) jump in net profit at Rs 206 crore for the fourth quarter ended March 31, 2014. HCL Technologies and DNB Bank announces US$ 400 mn strategic engagement.

Trend in FII flows: The FIIs were net buyers of Rs 45cr in the cash segment on Tuesday while the domestic institutional investors (DIIs) were net sellers of Rs. 55cr, as per the provisional figures released by the NSE.

 

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ROCKING PERFORMANCE OF THE DAY

STOCK FUTURES:

FUTURES INTRADAY:

ALLAHABAD BANK FUTURES BUY CALL 2 TG

CROMPTON GREAVES FUTURES BUY CALL 2 TG

AUROBINDO PHARMA FUTURES BUY CALL 1 TG (BOOKED AT 609.45)

HAVELLS INDIA FUTURES SELL CALL BOOKED AT 908

PREMIUM FUTURES:

TITAN FUTURES BUY CALL 1 TG (BOOKED AT 279.20)

OPTION:

BHARTI AIRTEL 320 PUT BUY CALL COST EXIT

STOCK CASH:

STOCK CASH INTRADAY:

CANARA BANK SELL CALL 3 TG

FUTURE RETAIL SELL CALL 2 TG

FINOLEX CABLES SELL CALL 2 TG

VIJAYA BANK SELL CALL 1 TG (BOOKED AT 41.10)

INDIAN EQUITY MARKET WRAP UP-6 May 2014

INDIAN BENCHMARKS ends with gains post lackluster session.

INDIAN EQUITY BENCHMARKS ended with gains post lackluster session that saw market consolidate further ahead of election results slated to be announced next week.

Further, HDFC has posted a profit after tax attributable to the Corporation and its subsidiaries of Rs. 24147mn for the quarter ended March 31, 2014 as compared to Rs. 20831.30 mn for the quarter ended March 31, 2013. Titan Company Ltd has posted a net profit after taxes and share of profit / (loss) of associate company of Rs. 7349.40 mn for the year ended March 31, 2014 as compared to Rs. 7253.80 million for the year ended March 31, 2013.

The crucial resistance for Nifty is now seen at 6780 and above this 6800. Support for the immediate term is now placed at 6650 and next support will be 6600.

NEWS TO WATCH:
Watch out for the quarterly earnings of Allahabad bank, Lupin, Syndicate Bank, Aditya Birla Chemical on 7TH May 2014. 

TOP CORPORATE NEWS-6 May 2014

HDFC Q4 PAT at Rs24147mn
Housing Development Finance Corporation Ltd has posted a profit after tax attributable to the Corporation and its subsidiaries of Rs. 24147mn for the quarter ended March 31, 2014 as compared to Rs. 20831.30 mn for the quarter ended March 31, 2013.

Canara Bank falls 3% post Q4,
Shares of Canara Bank fell 3 percent as its March quarter earnings were disappointing. Its net profit fell 15.8 percent (Y-o-Y) to Rs 610.83 while total income of the bank increased to Rs 11,609.72 crore.

Piramal Enterprises Q4 cons net loss at Rs 311 crore
Piramal Enterprises Ltd has posted a net loss after taxes, minority interest and share of profit / (loss) of associates of Rs. (3113.50) million for the Quarter ended March 31, 2014 whereas the same was at net loss of Rs. (2004.10) million for the Quarter ended March 31, 2013.

Bajaj Auto total sales down 4% in April
Bajaj Auto total sales stood at 3,31,529 units, down 4%, as compared with 3,44,178 units in the same month. The company reported a marginal decline in motorcycle sales at 2,99,636 units in April 2014.

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AGRI & BULLION-COMMODITY LEVEL

AGRI COMMODITY

CS CHANA (JUNE) OVERVIEW:

TREND BEARISH

SUP1:3040

SUP2:2950

RESIST1:3115

RESIST2:3200

TRADING STRATEGY: SELL ON RISE

CS JEERA (JUNE) OVERVIEW:

TREND CONSOLIDATE

SUP1:10500

SUP2:10280

RESIST1:10950

RESIST2:11255

TRADING STRATEGY: BUY ON DIPS

CS TURMERIC (JUNE) OVERVIEW:

TREND CONSOLIDATE

SUP1:6630

SUP2:6470

RESIST1:7000

RESIST2:7270

TRADING STRATEGY: SELL ON RISE

CS SOYABEAN (JUNE) OVERVIEW:

TREND BULLISH

SUP1:4640

SUP2:4505

RESIST1:4870

RESIST2:5080

TRADING STRATEGY: BUY ON DIPS

BULLION COMMODITY

CS COPPER (JUNE) OVERVIEW:

TREND BEARISH

SUP1: 407

SUP2:405

RESIST1:414

RESIST2:418

TRADING STRATEGY: SELL ON RISE

CS CRUDE (MAY) OVERVIEW:

TREND CONSOLIDATE

SUP1:5930

SUP2:5825

RESIST1:6070

RESIST2:6140

TRADING STRATEGY: SELL ON RISE

CS GOLD (JUNE) OVERVIEW:

TREND CONSOLIDATE

SUP1:28400

SUP2:28200

RESIST1:29060

RESIST2:29300

TRADING STRATEGY: BUY ON DIPS

CS SILVER (JULY) OVERVIEW:

TREND CONSOLIDATE

SUP1:41300

SUP2:39950

RESIST1:43000

RESIST2:43840

TRADING STRATEGY: BUY ON DIPS

COMMODITY MARKET TREND-6 May 2014

BASE METAL WRAP: Nickel gained as the conflict in Ukraine’s east intensified. The metal is headed as the risk of tougher sanctions against Russia buoys prices that have rallied since Indonesia banned exports of raw ore.

ENERGY WRAP: West Texas Intermediate slipped for a second day amid speculation crude inventories at a record high expanded further in the U.S., the world’s biggest oil consumer.

PRECIOUS METAL WRAP: Gold held near the highest price in three weeks as investors weighed escalating tension in Ukraine against signs of reduced demand from China, the top consumer.

GLOBAL EVENTS TO WATCH: Trade Balance, Cash Rate, RBA Rate Statement, Services PMI, Trade Balance, Trade Balance, Ivey PMI, IBD/TIPP Economic Optimism.

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INDIAN EQUITY MARKET OUTLOOK-6 May 2014

INDIAN BENCHMARK open on a positive note, aided by modest gains among their Asian counterparts. Bajaj Auto total sales stood at 3,31,529 units, down 4%, as compared with 3,44,178 units in the same month. The company reported a marginal decline in motorcycle sales at 2,99,636 units in April 2014.

FURTHER, Piramal Enterprises Ltd has posted a net loss after taxes, minority interest and share of profit / (loss) of associates of Rs. (3113.50) million for the Quarter ended March 31, 2014 whereas the same was at net loss of Rs. (2004.10) million for the Quarter ended March 31, 2013. Reliance Capital has written to the Forward Markets Commission, raising doubts about corporate governance practices at Multi-Commodity Exchange.

Trend in FII flows: The FIIs were net buyers of Rs.279 cr in the cash segment on Monday while the domestic institutional investors (DIIs) were net sellers of Rs. 224cr, as per the provisional figures released by the NSE. 

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INDIAN EQUITY MARKET WRAP UP-5 May 2014

INDIAN BENCHMARKS end flat amid volatility.

INDIAN EQUITY BENCHMARKS ended flat, amid a volatile trading session, after investors turned cautious and booked profits at higher levels.

Further, Canara Bank rose 6% after the bank said its net non-performing assets , as a percentage of total assets, declined to 1.98% in March quarter from 2.39% in the previous quarter ended December 2013. Century Textiles and Industries rallied 7.3%, after the company’s board has approved issue of 1.86 crore preferential warrants to promoters.

The crucial resistance for Nifty is now seen at 6780 and above this 6800. Support for the immediate term is now placed at 6650 and next support will be 6600.

NEWS TO WATCH: 
Watch out for the quarterly earnings of HDFC, Titan on 6THApril 2014.  
         
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TOP CORPORATE NEWS-5 May 2014

Reliance Comm falls 2% on March quarter earnings

Shares of Reliance Communications are losing over 2 percent. Its net profit slipped 48.5 percent to Rs 156 crore in the quarter ended March 31, from Rs 303 crore a year earlier.

Canara Bank surges as bad loans decline
Canara Bank has moved higher by over 7% after the bank said its net non-performing assets, as a percentage of total assets, declined to 1.98% in March quarter from 2.39% in the previous quarter ended December 2013. The bank’s gross non-performing loans as a percentage of total assets too declined to 2.49% from 2.79% in previous quarter.

Ajanta Pharma soars on robust Q4 results
Ajanta Pharma has soared 15% after reporting over two-fold jump in standalone net profit at Rs 70 crore for the quarter ended March 31, 2014 on back of higher revenues from export.

ABB India Q1 net profit at Rs 516.80 mn
ABB India Ltd has posted a net profit of Rs. 516.80 mn for the quarter ended March 31, 2014 as compared to Rs. 430.60 mn for the quarter ended March 31, 2013. Total Income has decreased from Rs. 19826.10 mn for the quarter ended March 31, 2013 to Rs. 18288.40 mn for the quarter ended March 31, 2014.

Agri & Bullion-Commodity Market level-05 May 2014

 AGRI COMMODITY LEVEL- 

CS CHANA (JUNE) OVERVIEW:

TREND CONSOLIDATE

SUP1:3040

SUP2:2960

RESIST1:3115

RESIST2:3200

TRADING STRATEGY: SELL ON RISE

CS JEERA (JUNE) OVERVIEW:

TREND CONSOLIDATE

SUP1:10500

SUP2:10350

RESIST1:10755

RESIST2:10950

TRADING STRATEGY: BUY ON DIPS

CS TURMERIC (JUNE) OVERVIEW:

TREND CONSOLIDATE

SUP1:6630

SUP2:6470

RESIST1:7004

RESIST2:7270

TRADING STRATEGY: SELL ON RISE

CS SOYABEAN (JUNE) OVERVIEW:

TREND BULLISH

SUP1:4640

SUP2:4505

RESIST1:4870

RESIST2:5080

TRADING STRATEGY: BUY ON DIPS

BULLION COMMODITY LEVEL-

CS COPPER (JUNE) OVERVIEW:

TREND BEARISH

SUP1: 405

SUP2:401

RESIST1:414

RESIST2:418

TRADING STRATEGY: SELL ON RISE

CS CRUDE (MAY) OVERVIEW:

TREND CONSOLIDATE

SUP1:5930

SUP2:5825

RESIST1:6080

RESIST2:6180

TRADING STRATEGY: SELL ON RISE

CS GOLD (JUNE) OVERVIEW:

TREND CONSOLIDATE

SUP1:28400

SUP2:28200

RESIST1:29020

RESIST2:29300

TRADING STRATEGY: BUY ON DIPS

CS SILVER (JULY) OVERVIEW:

TREND CONSOLIDATE

SUP1:41300

SUP2:39950

RESIST1:43000

RESIST2:43560

TRADING STRATEGY: BUY ON DIPS

    Earn big profit from your investment
Let if u want to make profit from share market investment, then u can open the below link and fill the form 

http://www.capitalstars.com/freetrials.php

COMMODITY MARKET TREND-05 May 2014

BASE METAL WRAP: Copper futures in Shanghai advanced to near an eight-week high as tight supply pushed prices higher in the world’s biggest user of the metal.

ENERGY WRAP: Brent traded near a three-day high as concern that the crisis in Ukraine may disrupt Europe’s energy supplies countered increased signs of a slowing economy in China. West Texas Intermediate was steady in New York.

PRECIOUS METAL WRAP: Gold jumped to the highest level in almost three weeks, extending its biggest advance in a month, as escalating tension in Ukraine boosted haven demand.

GLOBAL EVENTS TO WATCH: Final Services PMI, ISM Non-Manufacturing PMI, Loan Officer Survey, Trade Balance.

Earn big profit from your investment

 Let if u want to make profit from share market investment, then u can open the below link and fill the form 
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INDIAN EQUITY MARKET OUTLOOK-5 May 2014

INDIAN BENCHMARK open flat with a negative bias tracking sharp losses in its Asian peers. Alstom T&D India is trading higher by 5% after General Electric made an open offer to acquire 25% stake in the company for Rs 1,672 crore.

FURTHER, Reliance Comm will be in focus after the company reported a PAT of Rs 156 crore up 44% in the fourth quarter compared to the third quarter. Revenue for the quarter was up 5% at Rs 5,671 crore compared to the third quarter. Century Textiles will be in focus after a meeting of the Board of Directors of the Company scheduled to be held later today.

Trend in FII flows: The FIIs were net buyers of Rs.386 cr in the cash segment on Friday while the domestic institutional investors (DIIs) were net sellers of Rs. 405cr, as per the provisional figures released by the NSE.

Earn big profit from your investment

 Let if u want to make profit from share market investment, then u can open the below link and fill the form  
http://www.capitalstars.com/freetrials.php