INDIAN BENCHMARKS have a listless (down) closing… Nifty breaks 7,250.

INDIAN EQUITY BENCHMARKS ended the last session of the week and the first day of the June derivatives series on a monotonous, albeit (although) choppy note in the absence of any enthusing cues from the global front.

Further, Mahindra and Mahindra has reported a 0.9 percent growth in net profit of Rs 896.9 crore in the quarter ended March 2014, driven by tax reversal and income from sale of investments. Tata Chemicals lost 3.87% after the company reported a consolidated net loss of Rs 1225.72 crore in Q4 March 2014, higher than net loss of Rs 188.03 crore in Q4 March 2013.

The crucial resistance for Nifty is now seen at 7270 and above this 7325. Support for the immediate term is now placed at 7120 and next support will be 7060.

TOP CORPORATE NEWS

·        M&M posts Q4 profit at Rs 897 cr, tractor margin up 180 bps

Mahindra and Mahindra has reported a 0.9 percent growth in net profit of Rs 896.9 crore in the quarter ended March 2014, driven by tax reversal and income from sale of investments. Net profit in the year-ago period was Rs 889.2 crore.

·        Tata Motors Q4 profit at Rs 3918 crore

Tata Motors Ltd has posted a net profit after taxes, minority interest and share of profit of associates of Rs. 39182.90 million for the quarter ended March 31, 2014 as compared to Rs. 39454.70 million for the quarter ended March 31, 2013.

·        Tata Power Q4 net loss at Rs1453.30mn

Tata Power Company Ltd has posted a net loss after tax, minority interest and share of loss of associates of Rs. 1453.30 million for the quarter ended March 31, 2014 as compared to net profit of Rs. 1813.60 million for the quarter ended March 31, 2013.

·        DLF Q4 net profit at Rs2196.80 mn

DLF Ltd has posted a net profit of Rs. 2196.80 million for the quarter ended March 31, 2014 as compared to net loss of Rs. 41.90 mn for the quarter ended March 31, 2013.

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.

INDIAN BENCHMARK open flat with a marginal negative bias.

INDIAN BENCHMARK open flat with a marginal negative bias. YES Bank is set to raise $500 million by issuing fresh shares to a cluster of investors.

FURTHER, Bharat Heavy Electricals reported a 43% year-on-year decline in net profit for the financial year ended March 2014, a seventh consecutive fall. Shares of Crompton Greaves were up over 3% after the company's profit rose 2.5 times to Rs 63.82 crore in fourth quarter as against Rs 25.27 core profit in same period last year due to improvement in power systems business and rise in other income.

Trend in FII flows: The FIIs were net sellers of Rs 522cr in the cash segment on Thursday while the DIIs were net sellers of Rs. 195cr, as per the provisional figures released by the NSE.

CS PERFORMANCE MESSAGE:

STOCK FUTURES:

FUTURES INTRADAY:

BANK OF INDIA FUTURES BUY CALL 3 TG

CROMPTON GREVES FUTURES SELL CALL 2 TG

UPL LTD FUTURES SELL CALL 2 TG

ALLAHABAD BANK FUTURES BUY CALL 1 TG

BHARAT FORGE FUTURES BUY CALLL 1 TG

PREMIUM FUTURES:

ADANIENT FUTURES SELL CALL 3 TG (BOOKED AT 449.10)

NIFTY FUTURES:

BANK NIFTY FUTURES SELL CALL 3 TG

NIFTY FUTURES SELL CALL 2 TG

OPTION:

BANK OF INDIA 320 CALL BUY CALL 3 TG

INFOSYS 3000 PUT BUY CALL 1 TG

OPTION PREMIUM:

STOCK CASH:

STOCK CASH INTRADY:

WOCK PHARMA SELL CALL 3 TG

AMARA RAJA BATTERIES BUY CALL 1 TG

INDIAN OIL CORPORATION SELL CALL 1 TG

SYNDICATE BANK BUY CALL 1 TG (BOOKED AT 147.60)

BANK OF INDIA EXIT AT 327

STOCK CASH PREMIUM:

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

INDIAN BENCHMARKS ended on a weak note

INDIAN EQUITY BENCHMARKS ended on a weak note on expiry day. Indian Oil Corporation fell 3.44% after net profit fell 35.30% to Rs 9389.85 crore on 5.32% increase in total income to Rs 135465.86 crore in Q4 March 2014 over Q4 March 2013.

Further, Hindalco Group has posted a consolidated net profit of Rs. 21750.10 million for the year ended March 31, 2014 as compared to Rs. 30268.90 million for the year ended March 31, 2013. Coal India fell 0.59% after consolidated net profit fell 18.10% to Rs 4434.18 crore on 1.23% increase in total income to Rs 22382.35 crore in Q4 March 2014 over Q4 March 2013.

The crucial resistance for Nifty is now seen at 7325 and above this 7345. Support for the immediate term is now placed at 7200 and next support will be 7130.