Monday 8 September 2014

COMMODITY MARKET STRATEGY 09 SEPT. 2014


BASE METAL WRAP: 
 Nickel lead industrial metals lower as the dollar climbed, curbing demand for commodities as an investment. Copper prices surged on Monday on solid trade data from China.

ENERGY WRAP
West Texas Intermediate crude rose for the first time in four days before stockpile data that will signal the strength of fuel demand in the U.S., the world’s biggest oil consumer. Brent was steady in London.

PRECIOUS METAL WRAP: 
Gold traded near a three-month low as the dollar advanced on speculation the Federal Reserve will increase interest rates next year, curbing demand for an alternative investment. Platinum fell to the lowest since April.

GLOBAL EVENTS TO WATCH
NAB Business Confidence, Manufacturing Production m/m, BOE Gov Carney Speaks, NFIB Small Business Index, JOLTS Job Openings, FOMC Member Tarullo Speaks


COMMODITY MARKET LEVEL

BULLION COMMODITY

AGRI COMMODITY

CS COPPER (NOVEMBER) OVERVIEW:
TREND BEARISH
SUP1:424
SUP2:420                   
RESIST1:432
RESIST2:438
TRADING STRATEGY: SELL ON RISE
WWW.CAPITALSTARS.COM +917316790000
CS CHANA (SEPTEMBER)) OVERVIEW:
TREND  BEARISH
SUP1:2745                                                         
SUP2:2695                    
RESIST1:2870
RESIST2:2950
TRADING STRATEGY: SELL ON RISE
WWW.CAPITALSTARS.COM +917316790000
CS CRUDE (SEPTEMBER) OVERVIEW:
TREND BEARISH
SUP1:5550
SUP2:5490
RESIST1:5700
RESIST2:5740
TRADING STRATEGY: SELL ON RISE
WWW.CAPITALSTARS.COM +917316790000
CS JEERA (SEPTEMBER) OVERVIEW:
TREND BEARISH
SUP1:10920
SUP2:10675
RESIST1:11100
RESIST2:11340
TRADING STRATEGY: SELL ON RISE
WWW.CAPITALSTARS.COM +917316790000
CS GOLD (OCTOBER) OVERVIEW:                               
TREND BEARISH
SUP1:27020
SUP2:26550
RESIST1:27480
RESIST2:27640
TRADING STRATEGY: SELL ON RISE
WWW.CAPITALSTARS.COM +917316790000
CS TURMERIC (SEPTEMBER) OVERVIEW:
TREND CONSOLIDATE
SUP1:6310
SUP2:6164
RESIST1:6484
RESIST2:6820
TRADING STRATEGY: SELL ON RISE
WWW.CAPITALSTARS.COM +917316790000
CS SILVER (DECEMBER) OVERVIEW:
TREND  BEARISH
SUP1:41200
SUP2:40500                     
RESIST1:42450
RESIST2:42950                                                        
TRADING STRATEGY: SELL ON RISE
WWW.CAPITALSTARS.COM +917316790000
CS SOYABEAN (OCTOBER) OVERVIEW:
TREND  BEARISH
SUP1:3080
SUP2:2950
RESIST1:3280
RESIST2:3370
TRADING STRATEGY: SELL ON RISE
WWW.CAPITALSTARS.COM +917316790000
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INDIAN BENCHMARK open flat amid sluggish trades among major Asian markets.


INDIAN BENCHMARK open flat amid sluggish trades among major Asian markets. Further, power and metal stocks will be in focus as the Supreme Court is scheduled today to announce its decision on coal block allocations.

FURTHER, Cipla will be in focus after the company entered into a commercial collaboration with S&D Pharma in the Czech Republic and Slovakia. Aditya Birla Chemicals Limited has acquired Jayshree Chemicals Ltd's caustic soda business for 2.12 billion rupees.

Trend in FII flows: The FIIs were net buyers of Rs 192cr in the cash segment on Monday while the DIIs were net sellers of Rs. 508cr, as per the provisional figures released by the NSE.

Sensex, Nifty open in red; Infosys falls 1%, Bharti weak

After hitting record high yesterday, the market has opened in red. The Sensex is down 23.79 points at 27296.06 and the Nifty is down 14.35 points at 8159.55. About 556 shares have advanced, 140 shares declined, and 35 shares are unchanged. Infosys, Bharti, Tata Steel, Hindalco and Sesa Sterlite are top losers in the Sensex. 

The Indian rupee opened on a weak note and has slipped by 14 paise to 60.43 per dollar as against previous day's closing value of 60.29 a dollar. Ashutosh Raina of HDFC Bank said, "The US dollar posted strong gains across the board, with Euro, Yen and Pound hitting troughs and USD Index just short of it's high of 84.75 hit in July 2013. Strong FII flows and suspected Central Bank intervention have ensured that rupee consolidates in 60-61/dollar range."

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Thursday 4 September 2014

TOP CORPORATE NEWS 04 Septmber 2014


·        JP Associates drops on Stake Sale

Jaiprakash Associates drop over 19%, after Jaypee Infra Ventures sold 1,34,89,693 shares of Jaiprakash Associates at Rs46.33 on the NSE.

·        DLF falls 9%, Haryana govt cancels 350-acre land allotment

DLF tumbled 9 percent as worried investors are offloading the stock after the Haryana government cancelled the 350-acre land allotment made to the company in 2010.

·        PNB undertakes Rs500 crore fund raising

PNB announced that the Bank is raising Rs. 500 crore Tier-II Basel III compliant Bonds at an annual coupon of 9.35% on Private placement basis from 04 September 2014 to 09 September 2014 through five arrangers.

·        TVS Motor gains after BofAML ups target to Rs 235

Shares of TVS Motor were up 5% following a buy rating on the stock by global brokerage BofA Merrill Lynch because of strong business prospects and at current levels valuations are attractive to its peers.

COMMODITY MARKET STRATEGY 04 SEPTEMBER 2014


BASE METAL WRAP: Nickel climbed to the highest in almost four weeks after a Philippine lawmaker filed a bill to require all mined minerals to be processed before export.

ENERGY WRAP: Natural gas prices edged lower on Wednesday after weather forecasting models continued to call for milder temperatures to move across the U.S. this weekend, which should cut into the need for air conditioning and thus reduce demand for the commodity at the nation's thermal power plants. Crude oil futures rebounded from the previous session's steep declines on Wednesday, after Kiev said it has reached a deal with Russia for a ceasefire in eastern Ukraine.

PRECIOUS METAL WRAP: Gold advanced for a second day on speculation that prices near the lowest level since June may encourage purchases as investors assessed tensions in Ukraine and the outlook for higher U.S. borrowing costs.

GLOBAL EVENTS TO WATCH: Retail Sales m/m, Trade Balance, Monetary Policy Statement, German Factory Orders m/m, BOJ Press Conference, Asset Purchase Facility, Official Bank Rate, MPC Rate Statement, Challenger Job Cuts y/y, Minimum Bid Rate, ADP Non-Farm Employment Change, Trade Balance, ECB Press Conference, Trade Balance, Unemployment Claims, Revised Nonfarm Productivity q/q, Revised Unit Labor Costs q/q, Final Services PMI, ISM Non-Manufacturing PMI, Natural Gas Storage, Crude Oil Inventories, FOMC Member Mester Speaks.