TOP CORPORATE NEWS-22 APRIL 2014

·Gujarat Gas falls 6.5% on merger plan between co and 4 arms

Gujarat Gas Company has dipped over 5% on profit booking after its board approved the amalgamation and arrangement between group companies.


·Glenmark Pharma declines after losing appeal on Tarka patent

Glenmark Pharmaceuticals has dipped nearly 3% after the company has lost its appeal to invalidate Abbott Laboratories' TARKA (trandolapril/verapamil hydrochloride) patent.


·HDFC Bank Q4 net up 23%

HDFC Bank fourth quarter (January-March) net profit rising 23 percent year-on-year to Rs 2,326 crore, driven by higher other income and fall in provisions. Asset quality was stable during the quarter.


·MRF slumps after poor Q2 earnings

MRF tumbled 7.7% after net profit declined 18.86% to Rs 170.87 crore on 13.66% growth in total income to Rs 3309.66 crore in Q2 March 2014 over Q2 March 2013.

DAILY COMMODITY MARKET STRATEGY-22ND APRIL 2014

BASE METAL WRAP: Nickel advanced for a third day to a 14-month high on concern that escalating tensions in Ukraine may disrupt supplies from Russia amid Indonesia’s ban on ore exports.

ENERGY WRAP: Brent crude traded near a seven-week high amid speculation that escalating tension between the U.S. and Russia over Ukraine may disrupt energy supplies to Europe. West Texas Intermediate in New York was steady.

PRECIOUS METAL WRAP: Gold fell for a sixth day toward the lowest level in more than two weeks on signs of an improving U.S. economy as assets in the largest exchange-traded product sank to a 12-week low.

GLOBAL EVENTS TO WATCH: HPI m/m, Existing Home Sales, Richmond Manufacturing Index.

AGRI COMMODITY	COMMODITY
CS CHANA (MAY) OVERVIEW: TREND CONSOLIDATE SUP1:3040 SUP2:2975 RESIST1:3210 RESIST2:3260 TRADING STRATEGY: SELL ON RISE CAPITALSTARS.COM +919200099927 +919977499927	CS COPPER (APRIL) OVERVIEW: TREND CONSOLIDATE SUP1:400 SUP2:395 RESIST1:409 RESIST2:412 TRADING STRATEGY: SELL ON RISE CAPITALSTARS.COM +919200099927
CS JEERA (MAY) OVERVIEW: TREND CONSOLIDATE SUP1:9800 SUP2:9600 RESIST1:10325 RESIST2:10450 TRADING STRATEGY: BUY ON DIPS CAPITALSTARS.COM +919200099927	CS CRUDE (MAY) OVERVIEW: TREND CONSOLIDATE SUP1:6210 SUP2:6148 RESIST1:6340 RESIST2:6420 TRADING STRATEGY: BUY ON DIPS CAPITALSTARS.COM +919200099927
CS TURMERIC (APRIL) OVERVIEW: TREND BULLISH SUP1:6810 SUP2:6600 RESIST1:7050 RESIST2:7320 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 SOYABEAN (MAY) OVERVIEW: TREND CONSOLIDATE SUP1:4345 SUP2:4285 RESIST1:4476 RESIST2:4500 TRADING STRATEGY: BUY ON DIPS 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

INDIAN EQUITY MARKET OUTLOOK-22ND APRIL 2014

INDIAN BENCHMARK open on a flat note ahead of the F&O expiry tomorrow. Tech Mahindra has acquired US-based big data analytics startup FixStream Network for around Rs600mn

FURTHER, TCS reached an agreement with Mitsubishi Corporation of Japan to establish a new IT services company through the merger of three subsidiaries. Sesa Stelite may extend gains as Supreme Court allows resumption of iron ore mining in Goa with conditions.

Trend in FII flows: The FIIs were net buyers of Rs.212cr in the cash segment on Monday while the domestic institutional investors (DIIs) were net sellers of Rs. 217cr, as per the provisional figures released by the NSE.

DAILY EQUITY REPORT 22 ND APRIL 2014

INDIAN FACE
INDIAN EQUITY BENCHMARK ended at fresh all-time closing
highs, amid aggressive buying in late trades, with capital goods
and bank shares leading the gains.

Further, Oil India rose 0.72% after the company has entered
into an agreement with PetroNeft Resources Plc, in respect of
50% non-operating interest in License 61, Tomsk Oblast,
Russian Federation.

Wipro has dipped nearly 7% after company's information
technology revenue guidance for the first quarter (Q1FY2015)
of the current fiscal was seen below.

CS ROCKING PERFORMANCE OF THE DAY 21 APRIL 2014

STOCK FUTURES:


FUTURES INTRADAY:
BPCL FUTURES BUY CALL 3 TG

BIOCON FUTURES BY CALL 3 TG

APOLLO TYRE FUTURES BUY CALL 3 TG

ARVIND LTD FUTURES BUY CALL 3 TG (BOOKED AT 197.55)

MARUTI FUTURES BUY CALL 1 TG



PREMIUM FUTURES:

BIOCON FUTURES BUY CALL 3TG

ORIENTAL BANK FUTURES BUY CALL 1 TG



NIFTY FUTURES:

NIFTY FUTURES BUY CALL 1 TG


OPTION:

BIOCON 460 CALL BUY CALL BUY CALL 3 T G

RELIANCE CAPITAL 370 CALL BUY CALL 3 TG (BOOKED AT 19.75)

PNB 780 CALL BUY CALL 1 TG

VOLTAS 170 CALL BUY CALL 1 TG (BOOKED AT 5.45)



OPTION PREMIUM:

MARUTI 1950 CALL SL TRIGGERED


STOCK CASH:

STOCK CASH INTRADY:

VIMTA LABS BUY CALL 3 TG

HINDPETRO BUY CALL 1 TG

RELIANCE CAPITAL BUY CALL 1 TG

GOL OFFSHORE BUY CALL 1 TG

FRL BUY CALL BOOKED AT 114.50


STOCK CASH PREMIUM:

VIMTA LABS BUY CALL 3 TG

BIOCON BUY CALL 3 TG

TOP FIVE BUZZING STOCKS:- 21 APRIL 2014

BPCL

TREND: BULLISH

SUPPORT: 434

RESISTANCE: 470



BIOCON

TREND: BULLISH

SUPPORT: 451

RESISTANCE: 515



DLF

TREND: BEARISH

SUPPORT: 145

RESISTANCE: 161



VIMTA LABS

TREND: BULLISH

SUPPORT: 80

RESISTANCE: 102



OFSS

TREND: BEARISH

SUPPORT: 3100

RESISTANCE: 3271

TOP CORPORATE NEWS 21 APRIL 2014

·  Sesa Sterlite jumps on buzz Supreme Court lifts Goa mining ban
Sesa Sterlite jumped 5.27% on reports Supreme Court allows resumption of iron ore mining in Goa with conditions.


·  Oil India inches up on pact with PetroNeft Resources Plc

Oil India rose 0.72% after the company has entered into an agreement with PetroNeft Resources Plc, in respect of 50% non-operating interest in License 61, Tomsk Oblast, Russian Federation.

  
·  LIC Housing Fin Q4 FY14 net profit at Rs. 3,700mn

LIC HSG Fin has posted a net profit of Rs. 3700.228 million for the quarter ended March 31, 2014 as compared to Rs. 3161.570 million for the quarter ended March 31, 2013.


·  Hindustan Zinc Q4 FY14 net profit at Rs. 18.81bn

Hindustan Zinc has posted a net profit of Rs. 18812 million for the quarter ended March 31, 2014 as compared to Rs. 21658.10 million for the quarter ended March 31, 2013. Total Income has decreased from Rs. 43096.90 million for the quarter ended March 31, 2013 to Rs. 42313.40 million for the quarter ended March 31, 2014.

INDIAN EQUITY MARKET WRAP UP 21 APRIL 2014

INDIAN BENCHMARKS end at record highs amid volatility.

INDIAN EQUITY BENCHMARKS ended at fresh all-time closing highs, amid aggressive buying in late trades, with capital goods and bank shares leading the gains.

Further, LIC Housing Finance Q4 net profit after tax for the Q4 FY14 was Rs 370.02 crore as compared to Rs 316.16 crores in the corresponding period previous year, thus showing a growth of 17 percent. Sesa Sterlite ended up 4.8% after the Supreme Court lifted iron ore mining ban in Goa with a cap of not exceeding 20 mTPA and that the Goa govt must consider all leases expired post 2007.

The crucial resistance for Nifty is now seen at 6830 and above this 6880. Support for the immediate term is now placed at 6700 and next support will be 6670.

NEWS TO WATCH:

·     Watch out for the quarterly earnings of MRF, Tata Elxsi, HDFC Bank on 22nd  April.

INDIAN EQUITY MARKET OUTLOOK-21 APRIL 2014

INDIAN BENCHMARK open with marginal gains with index heavyweight Reliance Industries in focus after the company reported its highest quarterly profits in two years.

FURTHER, Reliance Industries has divested its 30% stake in an oil and gas block in Peru to Australia’s Woodside Petroleum and Pluspetrol of Argentina to trim its overseas properties. JSW Steel is in talks to acquire Welspun Maxsteel for about 1,000 crore.

Trend in FII flows: The FIIs were net buyers of Rs.433cr in the cash segment on Thursday while the domestic institutional investors (DIIs) were net sellers of Rs. 122cr, as per the provisional figures released by the NSE.

DAILY EQUITY REPORT 21 st APRIL 2014

INDIAN FACE
INDIAN EQUITY BENCHMARK ended on a strong note with
active participation by auto, realty and metals. It was also a
polling day, when the fifth phase of general elections for 121
Lok Sabha seats across 12 states (including all of Karnataka,
Maharashtra and Rajasthan states) was held today.

Further, Crompton Greaves ended lower by 1.5% on reports
Hitachi has emerged as the front-runner to buy the promoter's
stake in the power transmission and distribution company
promoted by Gautam Thapar.

Shares of tyre companies have rallied up to 17%, accompanied
by heavy volumes, on expectations of higher revenue growth
during the current fiscal.

WEEKLY EQUITY REPORT 14 TH APRIL T0 18TH APRIL 2014

INDIAN BENCHMARKS made new highs with the nifty surging past the 6800 mark for the first time. However, post the breach of 6800 levels, markets were unable to carry the momentum forward as profit booking set in. IIP in February shrunk at -1.9 percent versus an expansion of 0.8 percent (month-on-month). This is a nine-month low for the industrial output.

Sun Pharmaceutical and Ranbaxy Laboratories entered into definitive deal where Sun Pharma will acquire 100% of Ranbaxy in an all-stock transaction. BHEL reported a 51% fall in provisional net profit for the fiscal year ended March 31 to Rs32.28 bn.

The INDIAN BENCHMARKS SENSEX ended 86 points down at 22628 and the 50-share NIFTY closed 20 points down at 6776.

TOP BUZZING STOCKS:- 17TH APRIL

APOLLO TYRE

TREND: BULLISH

SUPPORT: 159

RESISTANCE: 176


CEAT LTD

TREND: BULLISH

SUPPORT: 364

RESISTANCE: 419


HCL TECH

TREND: BEARISH

SUPPORT: 1397

RESISTANCE: 1479


ARVIND LTD
TREND: BULLISH

SUPPORT: 177

RESISTANCE: 196

INDIAN BENCHMARKS have an upbeat closing.

INDIAN BENCHMARKS ended on a strong note with active participation by auto, realty and metals.

Further, Mindtree has rallied nearly 5% after its board recommended the issue of bonus shares in the ratio of one equity share for every equity share held. Shares of Radico Khaitan was down 5% after company clarified that from time to time, pursues discussions with various third parties to explore various types of relationships aimed at developing and promoting the business and growth of the Company.

The crucial resistance for Nifty is now seen at 6810 and above this 6850. Support for the immediate term is now placed at 6650 and next support will be 6600.