INDIAN BENCHMARK open higher

INDIAN BENCHMARK open higher following gains in global stocks and after TCS and HCL Tech post robust fourth quarter earnings. Piramal Enterprises will be in focus on plans to acquire 20% in Shriram Capital for Rs 2,000 crore.

FURTHER, TCS posted a 48.2 per cent rise in net profit for the quarter ended March 31. Its consolidated revenue rose 31.2 per cent over the year-ago quarter to Rs 21,551 crore. HCL Tech will also see buying demand after the reported strong earnings for the fourth quarter. Net profit stood at Rs 1,624 crore,

Trend in FII flows: The FIIs were net sellers of Rs.44cr in the cash segment on Wednesday while the domestic institutional investors (DIIs) were net sellers of Rs. 347cr, as per the provisional figures released by the NSE.

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TOP CORPORATE NEWS

·        Future Retail extends rally on talk of acquiring Nilgiris

Future Retail has surged 10% on the back of heavy volumes on reports that Future Group is set to acquire southern supermarket chain Nilgiris.

·        Mindtree Q4 net profit at Rs982mn

Mindtree surpassed expectations on every parameter during January-March quarter with the net profit growing 11 percent sequentially to Rs 98.2 crore as against 4 percent growth expected. Higher growth in bottom line was despite forex loss of Rs 42.6 crore during the quarter as against Rs 27.2 crore in previous quarter.

·        IndusInd Bank Q4 beats forecast, net up 29% on other income

IndusInd Bank reporting net profit at Rs 396 crore in the quarter ended March 2014, up 29 percent compared to a year-ago period supported by other income. Net interest income too was slightly higher than forecast, up 18.1 percent year-on-year to Rs 781 crore during January-March quarter.

·        Tata Power plans to add 646.7 MW from clean energy sources

Tata Power plans to increase its renewable energy capacity by about 71 percent to cut carbon emissions and reduce risks from fluctuating fuel prices.

CS PERFORMANCE MESSAGE:

STOCK FUTURES:

FUTURES INTRADAY:

ADANIENT FUTURES BUY CALL 3 TG

RELIANCE INFRA FUTURES BUY CALL 3 TG

VOLTAS FUTURES SELL CALL3 TG

PETRONET FUTURES BUY CALL2 TG

PREMIUM FUTURES:

DLF FUTURES SELL CALL 3 TG

NIFTY FUTURES:

NIFTY FUTURES SELL CALL 3TG (BOOKED AT 6688)

BANK NIFTY FUTURES SELL CALL BOOKED AT 12551

OPTION:

ADANIENT 440 CALL BUY CALL 3 TG

BHEL PUT 180 BUY CALL 1 TG

OPTION PREMIUM:

ADANIENT 450 CALL BUY CALL 3 TG

STOCK CASH:

STOCK CASH INTRADY:

ADANIENT BUY CALL 3 TG

GUJARAT GAS BUY CALL 3 TG

HIND PETRO SELL CALL 2 TG

KPIT BUY CALL 2 TG

THOMAS COOK BUY CALL 1 TG (BOOKED AT 106.60)

STOCK CASH PREMIUM:

MIND TREE SELL CALL 2 TG

PIRAMAL ENTERPRISES BUY CALL 1 TG

INDIAN BENCHMARKS end lower… IT shares drag.

INDIAN BENCHMARKS ended with losses due to caution surrounding FII outflows in the past two trading sessions and higher-than-expected inflation data released yesterday.

Further, Shares of IndusInd Bank gained by 1% to close at Rs 488 after net profit rose 28.83% to Rs 396.05 crore on 23.35% increase in total income to Rs 2702.19 crore in Q4 March 2014 over Q4 March 2013. Future Retail has surged 10% on report that Future Group is set to acquire southern supermarket chain Nilgiris.

The crucial resistance for Nifty is now seen at 6750 and above this 6810. Support for the immediate term is now placed at 6650 and next support will be 6600.

For More call on +91-731-6669900 ; 09907222727

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COMMODITY MARKET LEVEL 16 April 2014

Agri Commodity Market Strategy 16TH APRIL 2014

CS CHANA (MAY) OVERVIEW:
TREND CONSOLIDATE
SUP1:3040   
SUP2:2975   
RESIST1:3210
RESIST2:3260
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927 +919977499927
CS JEERA (MAY) OVERVIEW:
TREND CONSOLIDATE
SUP1:9800
SUP2:9600
RESIST1:10220
RESIST2:10450
TRADING STRATEGY: BUY ON DIPS
CAPITALSTAR0S.COM +919200099927
CS TURMERIC (APRIL) OVERVIEW:
TREND BULLISH
SUP1:6480
SUP2:6320
RESIST1:6680
RESIST2:6870
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927
CS SOYABEAN (MAY) OVERVIEW:
TREND CONSOLIDATE
SUP1:4328
SUP2:4285
RESIST1:4430
RESIST2:4476
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927

Bullions Commodity Market Strategy 16TH APRIL 2014.

CS COPPER (APRIL) OVERVIEW:
TREND CONSOLIDATE
SUP1:395
SUP2:390   
RESIST1:403
RESIST2:406
TRADING STRATEGY: SELL ON RISE
CAPITALSTARS.COM +919200099927
CS CRUDE (APRIL) OVERVIEW:
TREND CONSOLIDATE
SUP1:6210
SUP2:6170
RESIST1:6330
RESIST2:6430
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927
CS GOLD (JUNE) OVERVIEW:
TREND CONSOLIDATE
SUP1:28200
SUP2:27850
RESIST1:28670
RESIST2:28940
TRADING STRATEGY: SELL ON RISE
CAPITALSTARS.COM +919200099927
CS SILVER (MAY) OVERVIEW:
TREND CONSOLIDATE
SUP1:41500
SUP2:40300   
RESIST1:42800
RESIST2:43450
TRADING STRATEGY: SELL ON RISE
CAPITALSTARS.COM +919200099927