Agri & Bullion Commodity Market Level 28 may 2014

bullion commodity Level

CS COPPER (JUNE) OVERVIEW:
TREND CONSOLIDATE
SUP1: 410
SUP2:404   
RESIST1:420
RESIST2:423
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927
CS CRUDE (JUNE) OVERVIEW:
TREND CONSOLIDATE
SUP1:6075
SUP2:5955
RESIST1:6220
RESIST2:6340
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927
CS GOLD (JUNE) OVERVIEW:
TREND BEARISH
SUP1:26240
SUP2:25700
RESIST1:27160
RESIST2:27530
TRADING STRATEGY: SELL ON RISE
CAPITALSTARS.COM +919200099927
CS SILVER (JULY) OVERVIEW:
TREND CONSOLIDATE
SUP1:39900
SUP2:39400   
RESIST1:41750
RESIST2:43000
TRADING STRATEGY: SELL ON RISE
CAPITALSTARS.COM +919200099927

Agri Commodity Level

CS CHANA (JUNE) OVERVIEW:
TREND BEARISH
SUP1:2700   
SUP2:2600   
RESIST1:2855
RESIST2:2905
TRADING STRATEGY: SELL ON RISE
CAPITALSTARS.COM +919200099927
TREND BEARISH
SUP1:10900
SUP2:10760
RESIST1:11465
RESIST2:11670
TRADING STRATEGY: SELL ON RISE
CAPITALSTARS.COM +919200099927
CS TURMERIC (JUNE) OVERVIEW:
TREND CONSOLIDATE
SUP1:5880
SUP2:5690
RESIST1:6070
RESIST2:6220
TRADING STRATEGY: SELL ON RISE
CAPITALSTARS.COM +919200099927
CS SOYABEAN (JUNE) OVERVIEW:
TREND CONSOLIDATE
SUP1:4450
SUP2:4320
RESIST1:4640
RESIST2:4755
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927

COMMODITY MARKET TREND-28 May 2014

BASE METAL WRAP: Copper traded nears an 11-week high after signs of improving demand in the U.S. and China, the biggest consumers of metals.

ENERGY WRAP: Brent crude rose for the first time in three days amid speculation that escalating violence in Ukraine may disrupt supplies to Europe from Russia, the world’s largest energy exporter. West Texas Intermediate was steady.

PRECIOUS METAL WRAP: Gold fell to the lowest level in more than 15 weeks as U.S. economic data that beat estimates backed the case for the Federal Reserve to keep on reducing monetary stimulus, while demand in China showed signs of waning.

GLOBAL EVENTS TO WATCH: BOE Gov Carney Speaks, BOJ Gov Kuroda Speaks, ANZ Business Confidence.

(Contact us: - +91-731-6790000, http://www.capitalstars.com)

INDIAN BENCHMARKS end flat… await Modi's cabinet

INDIAN EQUITY BENCHMARKS came off their day's highs to end flat, amid a volatile trading session, as investors turned cautious ahead of key cabinet portfolios that are likely to be announced post Shri Narendra Modi's swearing-in ceremony as the 15th Prime Minister of India later this evening.

Further, India Cements reported Rs 30.56 crore standalone net loss for the January-March quarter on lower income and higher finance costs. Muthoot Finance's fourth quarter net profit fell 17.7 percent year-on-year to Rs 181 crore on lower income.

The crucial resistance for Nifty is now seen at 7500 and above this 7560. Support for the immediate term is now placed at 7250 and next support will be 7200.

   NEWS TO WATCH:

Watch out for the quarterly earnings of Bharat Forge, Dish TV, JP Associate, UBL, JSW Steel, STC India, PFC, Oil India on 27^TH May 2014

CS PERFORMANCE MESSAGE

STOCK FUTURES:

FUTURES INTRADAY:

VOLTAS LTD FUTURES SELL CALL 3 TG

HIND PETRO FUTURES BUY CALL 3 TG

RCOM FUTURES BUY CALL 3 TG (BOOKED AT 149.65)

BHEL FUTURES BUY CALL 2 TG (BOOKED AT 283.50)

JINDAL STEEL FUTURES BUY CALL 1 TG

PREMIUM FUTURES:

IRB INFRA FUTURES BUY CALL 3 TG

BHEL FUTURES BUY CALL 2 TG (BOOKED AT 292.50)

NIFTY FUTURES:

BANK NIFTY FUTURES SELL CALL 3 TG

NIFTY FUTURES SELL CALL 3 TG

NIFTY FUTURES BUY CALL 3 TG

OPTION:

BHEL 270 CALL BUY CALL 3 TG

CROMPTON GREAVES BUY CALL 2 TG

AXIS BANK 1900 CALL BUY CALL 1 TG

OPTION PREMIUM:

BHEL 270 CALL BUY CALL 1 TG

STOCK CASH:

STOCK CASH INTRADY:

IBREALEST SELL CALL 3 TG

IRB INFRA BUY CALL 3 TG (BOOKED AT 218)

HINDPETRO BUY CALL 2 TG

STOCK CASH PREMIUM:

JP ASOCIATE BUY CALL 1 TG

BHEL BUY CALL 1TG

TOP FIVE BUZZING STOCKS:

    HCL TECH

TREND: BULLISH

SUPPORT: 1332

RESISTANCE: 1445

DLF

TREND: BEARISH

SUPPORT: 194

RESISTANCE: 225

    HDIL

TREND: BEARISH

SUPPORT: 88

RESISTANCE: 103

   ADVANTA

TREND: BULLISH

SUPPORT: 225

RESISTANCE: 290

ü  GITANJALI GEMS

TREND: BEARISH

SUPPORT: 84

RESISTANCE: 99

TOP CORPORATE NEWS

Chennai Petroleum Q4 net profit at Rs 49.81 crore

Chennai Petroleum Corporation Ltd has reported a net profit of Rs 49.81 crore for the fourth quarter ended March 31, 2014. The company had reported a net loss of Rs 392.23 crore during the corresponding period of the previous year.

Sun Pharma, Ranbaxy gain after AP HC lifts merger stay

Shares of Sun Pharmaceutical Industries and Ranbaxy Laboratories are rose up to 3% in early morning deals after the Andhra Pradesh High Court cleared the decks for the $4-billion deal to go through by lifting the stay.

ONGC gains after OVL's agreement with Rosneft

                                                                       

ONGC rose 3.56% after the company’s overseas arm, ONGC Videsh, has signed a deal with Russia's largest oil and gas producer Rosneft to jointly explore hydrocarbons in the offshore Arctic.

DLF gains as subsidiary raises Rs 525 crore through CMBS

DLF rose 1.62% after the company's subsidiary DLF Emporio successfully placed India's first Commercial Mortgage Backed Security (CMBS) issuance of Rs 525 crore.

CS PERFORMANCE MESSAGE

STOCK FUTURES:

FUTURES INTRADAY:

ORIENTAL BANK FUTURES BUY CALL 3 TG

DLF FUTURES BUY CALL 3 TG

ORIENTAL BANK FUTURES 2^ND BUY CALL 3 TG

CENTURY TEXTILE FUTURES BUY CALL 3 TG

SBIN FUTURES BUY CALL 2 TG

PFC FUTURES BUY CALL 2 TG

AXIS BANK FUTURES BUY CALL 1 TG

SIEMENS FUTURES BUY CALL 1 TG

JSW STEEL FUTURES BUY CALL 1 TG

PREMIUM FUTURES:

SBIN FUTURES BUY CALL 3 TG

UCO BANK FUTURES BUY CALL 1 TG

JAIN IRRIGATION FUTURES BUY CALL 1 TG

NIFTY FUTURES:

BANK NIFTY FUTURES BUY CALL 2 TG

NIFTY FUTURES BUY CALL 2 TG

OPTION:

CANARA BANK 430 CALL BUY CALL 3 TG

SBIN 2500 CALL BUY CALL 3 TG

ARVIND LTD 190 CALL BUY CALL 3 TG (BOOKED AT 15.90)

OPTION PREMIUM:

SBIN 2500 CALL BUY CALL 3 TG

STOCK CASH:

STOCK CASH INTRADY:

CENTURY TEXTILE BUY CALL 3 TG

PFC BUY CALL 3 TG

JAIN IRRIGATION BUY CALL 3 TG

ORIENTAL BANK BUY CALL 3 TG

STOCK CASH PREMIUM:

SBIN BUY CALL 3 TG

RCOM BUY CALL 2 TG