INDIAN BENCHMARK open on a positive note.

INDIAN BENCHMARK open on a positive note. Rate-sensitive sectors such as banking and realty will be in focus ahead of RBI’s Monetary Policy review today. Tata Motors reported 24% decline in total vehicle sales to 37,525 units last month.

FURTHER, The Indian Overseas Bank IOB plans to raise a little over Rs10bn through a Qualified Institutional Placement (QIP), public issue, rights issue, preferential issue. Bharti Airtel is poised to conclude a much-anticipated deal to sell its towers in Africa in seven days, which could help the world's fourth-largest telecom operator rake in as much as US$3 bn and help reduce debt

Trend in FII flows: The FIIs were net buyers of Rs 2977cr in the cash segment on Monday while the DIIs were net sellers of Rs. 148cr, as per the provisional figures released by the NSE.

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

INDIAN BENCHMARKS end on a high…Nifty above 7,300.

INDIAN EQUITY BENCHMARKS ended on a high due to strength in banking and oil stocks. HDIL has posted a consolidated net profit after taxes, minority interest and share of profit of associates of Rs. 1775.70 million for the year ended March 31, 2014.

Further, State Bank of India has moved higher by nearly 9%, its highest level since May 2011, after reporting a better-than-expected net profit of Rs 3,041 for the quarter ended March 31, 2014. ITC fourth quarter net profit rising 18 percent year-on-year to Rs 2,276 crore, driven by higher revenue. Net sales grew 11.8 percent to Rs 9,145 crore in the quarter ended March 2014 from Rs 8,180 crore in same quarter last year.

The crucial resistance for Nifty is now seen at 7380 and above this 7430. 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 Canara Bank,Wock Pharma, Rural Electrification, GAIL India on 26^TH May 2014.

TOP FIVE BUZZING STOCKS

ADANIENT

TREND: BULLISH

SUPPORT: 436

RESISTANCE: 509

RELIANCE CAPITAL

TREND: BULLISH

SUPPORT: 367

RESISTANCE: 397

 DRREDDY

TREND: BEARISH

SUPPORT: 2590

RESISTANCE: 2740

JP ASSOCIATE

TREND: BULLISH

SUPPORT: 60

RESISTANCE: 67

PUNJAB NATIONAL BANK

TREND: BEARISH

SUPPORT: 779.50

RESISTANCE: 878