Agri & Bullion Commodity Market Level 30 may 2014

bullion commodity Level

CS COPPER (JUNE) OVERVIEW:
TREND CONSOLIDATE
SUP1: 408
SUP2:404   
RESIST1:419
RESIST2:423
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927
CS CRUDE (JUNE) OVERVIEW:
TREND CONSOLIDATE
SUP1:6050
SUP2:6020
RESIST1:6200
RESIST2:6270
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927
CS GOLD (JUNE) OVERVIEW:
TREND  BEARISH
SUP1:26400
SUP2:25240
RESIST1:27100
RESIST2:27530
TRADING STRATEGY: SELL ON RISE
CAPITALSTARS.COM +919200099927
CS SILVER (JULY) OVERVIEW:
TREND BEARISH
SUP1:39300
SUP2:38500   
RESIST1:40600
RESIST2:41500
TRADING STRATEGY: SELL ON RISE
CAPITALSTARS.COM +919200099927

Agri Commodity Level

CS CHANA (JUNE) OVERVIEW:
TREND CONSOLIDATE
SUP1:2740   
SUP2:2698   
RESIST1:2875
RESIST2:2955
TRADING STRATEGY: SELL ON RISE
CAPITALSTARS.COM +919200099927
CS JEERA (JUNE) OVERVIEW:
TREND CONSOLIDATE
SUP1:10900
SUP2:10710
RESIST1:11100
RESIST2:11260
TRADING STRATEGY: SELL ON RISE
CAPITALSTARS.COM +919200099927
CS TURMERIC (JUNE) OVERVIEW:
TREND CONSOLIDATE
SUP1:5950
SUP2:5630
RESIST1:6250
RESIST2:6400
TRADING STRATEGY: SELL ON RISE
CAPITALSTARS.COM +919200099927
CS SOYABEAN (JUNE) OVERVIEW:
TREND CONSOLIDATE
SUP1:4500
SUP2:4450
RESIST1:4755
RESIST2:4855
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927

COMMODITY MARKET TRENDS 30 MAY 2014

BASE METAL WRAP: Copper fell from an 11-week high in London on signs of slowing economic growth in China and the U.S., the biggest users of the metal.

ENERGY WRAP: West Texas Intermediate headed for its first monthly advance since February as crude inventories shrank at the delivery point for New York contracts. Brent was steady in London.

PRECIOUS METAL WRAP: Gold headed for a monthly loss as signs that the U.S. economy is improving fueled stock-market gains, while demand for the metal slowed in China, the biggest consumer.

GLOBAL EVENTS TO WATCH: GDP m/m, Core PCE Price Index m/m, Personal Spending m/m, Personal Income m/m, Chicago PMI, Revised UoM Consumer Sentiment, Revised UoM Inflation Expectations, FOMC Member Plosser Speaks.

TOP FIVE BUZZING STOCKS:

COX & KINGS

TREND: BULLISH

SUPPORT: 172

RESISTANCE: 185

ADANIENT

TREND: BEARISH

SUPPORT: 448

RESISTANCE: 480

JAIN IRRIAGTION

TREND: BEARISH

SUPPORT: 105

RESISTANCE: 117

AMARA RAJA BATTERIES

TREND: BULLISH

SUPPORT: 394

RESISTANCE: 426

INFOSYS

TREND: BEARISH

SUPPORT: 2900

RESISTANCE: 3025

COMMODITY mARKET TRENDS 29 MAY 2014

BASE METAL WRAP: Copper climbed to 11-week high in London amid speculation that rising global equity markets indicate a favorable outlook for economic growth. Aluminum touched a one-month high.

ENERGY WRAP: West Texas Intermediate rose for the first time in three days after the American Petroleum Institute reported that crude inventories shrank at the delivery point for New York contracts. Brent was steady in London.

PRECIOUS METAL WRAP: Gold fell to the lowest level in 16 weeks as investors assessed whether tension between Russia and Ukraine is easing and after the euro weakened, reducing the appeal of the metal.

GLOBAL EVENTS TO WATCH: Private Capital Expenditure q/q, Prelim GDP q/q, Unemployment Claims, Prelim GDP Price Index q/q, Pending Home Sales m/m, Natural Gas Storage, Crude Oil Inventories.

TOP CORPORATE NEWS

·        JSW Steel logs Q4 profit of Rs 462.09cr

JSW Steel reported a consolidated net profit of Rs 462.09 crore for the quarter ended March 31, 2014 on the back of increased sales. The company had posted a net profit of Rs 328.03 crore in the corresponding period of the previous financial year.

·        PFC's Q4 profit rises 9% to 1,411 cr

PFC posted a 9 percent rise in its net profit at Rs 1,411.41 crore for the quarter ended March 31, 2014 largely on account of an increase in income from operations.

·        United Breweries Q4 net profit at Rs677.10mn

                                                                       

United Breweries Ltd has posted a net profit of Rs. 677.10 million for the quarter ended March 31, 2014 as compared to Rs. 58.50 mn for the quarter ended March 31, 2013.

·        L&T bags $480mn EPC orders in Bangladesh

Larsen & Toubro has received two EPC (engineering, procurement and construction) orders worth $480mn in Bangladesh for setting up dual fuel-fired gas based combined cycle power plants in Bangladesh.

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