DAILY COMMODITY MARKET STRATEGY 30th APRIL 2014

BASE METAL WRAP: Copper prices declined on Tuesday, as investors remained cautious ahead of the Federal Reserve's policy meeting due to begin later in the day.

ENERGY WRAP: West Texas Intermediate headed for a second monthly drop amid speculation that crude inventories at an 83-year high expanded further in the U.S., the world’s biggest oil consumer. Brent slid in London.

PRECIOUS METAL WRAP: Gold held a drop below $1,300 an ounce, trimming a monthly increase, on speculation that the Federal Reserve will further reduce U.S. monetary stimulus at a two-day policy meeting that concludes today. Gold imports by China may drop over the next few months after the yuan fell, while shipments to India are picking up, signaling contrasting outlooks for the two largest users.

GLOBAL EVENTS TO WATCH: BOC Gov Poloz Speaks, ANZ Business Confidence, Monetary Policy Statement, Monetary Policy Statement, Monetary Policy Statement, BOJ Press Conference, CPI Flash Estimate y/y, ADP Non-Farm Employment Change, GDP m/m, Advance GDP q/q, Advance GDP Price Index q/q, Employment Cost Index q/q, Chicago PMI, Crude Oil Inventories, FOMC Statement, Federal Funds Rate.

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AGRI COMMODITY	BULLIONS COMMODITY
CS CHANA (MAY) OVERVIEW: TREND CONSOLIDATE SUP1:3040 SUP2:2975 RESIST1:3210 RESIST2:3260 TRADING STRATEGY: BUY ON DIPS CAPITALSTARS.COM +919200099927 +919977499927	CS COPPER (APRIL) OVERVIEW: TREND CONSOLIDATE SUP1: 409 SUP2:406 RESIST1:412 RESIST2:416 TRADING STRATEGY: SELL ON RISE CAPITALSTARS.COM +919200099927
CS JEERA (MAY) OVERVIEW: TREND CONSOLIDATE SUP1:10300 SUP2:10200 RESIST1:10840 RESIST2:11280 TRADING STRATEGY: BUY ON DIPS CAPITALSTARS.COM +919200099927	CS CRUDE (MAY) OVERVIEW: TREND CONSOLIDATE SUP1:6020 SUP2:5930 RESIST1:6120 RESIST2:6210 TRADING STRATEGY: SELL ON RISE CAPITALSTARS.COM +919200099927
CS TURMERIC (MAY) OVERVIEW: TREND CONSOLIDATE SUP1:6780 SUP2:6700 RESIST1:7122 RESIST2:7280 TRADING STRATEGY: BUY ON DIPS CAPITALSTARS.COM +919200099927	CS GOLD (JUNE) OVERVIEW: TREND CONSOLIDATE SUP1:28525 SUP2:28260 RESIST1:28875 RESIST2:29150 TRADING STRATEGY: SELL ON RISE CAPITALSTARS.COM +919200099927
CS SOYABEAN (MAY) OVERVIEW: TREND BULLISH SUP1:4650 SUP2:4535 RESIST1:4855 RESIST2:5080 TRADING STRATEGY: BUY ON DIPS CAPITALSTARS.COM +919200099927	CS SILVER (MAY) OVERVIEW: TREND CONSOLIDATE SUP1:41500 SUP2:40480 RESIST1:42300 RESIST2:43000 TRADING STRATEGY: SELL ON RISE CAPITALSTARS.COM +919200099927

INDIAN EQUITY MARKET WRAP UP 29th APRIL

INDIAN BENCHMARKS slump as banks, metals drag.


INDIAN EQUITY BENCHMARKS closed in red for the third consecutive day with the weakness in banks, metals and FMCG. Sesa Sterlite has reported net profit at Rs 1,621.6 crore in the quarter ended March 2014, a growth of 13.2 percent compared to previous quarter on higher revenues & other income and partly impacted by exceptional loss & slow growth in operational performance.


Further, Hexaware Technologies declined nearly 11% after reporting 32% sequential drop in consolidated net profit at Rs 70 crore for the quarter ended March 31, 2014, due to decline in revenues from some of its top customers. Jindal Steel and Power has tanked more than 9% after reporting a sharp 47% year-on-year drop in consolidated net profit at Rs 403 crore for the quarter ended March 31, 2014.


The crucial resistance for Nifty is now seen at 6780 and above this 6800. Support for the immediate term is now placed at 6685 and next support will be 6665.


NEWS TO WATCH:

·         Watch out for the quarterly earnings of IDBI bank, Oriental bank, Polaris Tech, Kotak Mahindra bank on 30TH   April.

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CS ROCKING PERFORMANCE OF THE DAY 29th APRIL

STOCK FUTURES:


FUTURES INTRADAY:

RELIANCE INFRA FUTURES BUY CALL 3 TG

JINDAL STEEL FUTURES SELL CALL 3 TG

ADANIENT FUTURES BUY CALL 3 TG

SIEMENS FUTURES SELL CALL 3 TG

GLENMARK PHARMA FUTURES BUY CALL 2 TG

SUN PHARMA FUTURES BUY CALL 1 TG

BHARAT FORG FUTURES SELL CALL 1 TG


PREMIUM FUTURES:

HEXAWARE FUTURES SELL CALL 3 TG

JAIN IRRIGATION FUTURES BUY CALL 3 TG


NIFTY FUTURES:

BANK NIFTY FUTURES BUY CALL 1 TG

NIFTY FUTURES BUY CALL 1 TG


OPTION:

RELIANCE INFRA 530 CALL BUY CALL 3 TG

RANBAXY 480 CALL BUY CALL 2 TG


OPTION PREMIUM:

JAIN IRRIGATION 85 CALL BUY CALL 1 TG


STOCK CASH:


STOCK CASH INTRADY:

FINOLEX CABLES BUY CALL 3 TG (BOOKED AT 132.90)

WOCKHARD LTD BUY CALL 3 TG

WOCKHARD LTD 2ND BUY CALL 3 TG

TITAGARH WAGONS SELL CALL 1 TG (BOOKED AT 192.25)


STOCK CASH PREMIUM:

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TOP CORPORATE NEWS 29th APRIL 2014

    
·  Hexaware Q1 misses forecast, profit falls 32% to Rs 70.3 cr

Hexaware Technologies missed expectations on every parameter with the first quarter (January-March) net profit falling 32 percent sequentially to Rs 70.3 crore on lower revenues and operational performance.


·  Sesa Sterlite Q4 net rises 13% to Rs 1622 cr, margin dips

Sesa Sterlite has reported net profit at Rs 1,621.6 crore in the quarter ended March 2014, a growth of 13.2 percent compared to previous quarter on higher revenues & other income and partly impacted by exceptional loss & slow growth in operational performance.


·  Dabur Q4 meets estimates, net up 17% to Rs 235 cr

Dabur India  fourth quarter (January-March) net profit rising 17.3 percent year-on-year to Rs 235.3 crore on revenues of Rs 1,774.4 crore (up 15.5 percent Y-o-Y). Operating profit grew 15.2 percent on yearly basis to Rs 295 crore and margin was unchanged at 16.7 percent in the quarter ended March 2014 while total expenses jumped 15.7 percent to Rs 1,505.31 crore during the same period.


·  Jindal Steel and Power tanks on weak Q4 earnings
Jindal Steel and Power has tanked more than 9% after reporting a sharp 47% year-on-year drop in consolidated net profit at Rs 403 crore for the quarter ended March 31, 2014. The fall has been due to additional load of Rs 260 crore from combined impact of depreciation and interest.

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DAILY COMMODITY MARKET STRATEGY 29th APRIL

BASE METAL WRAP: Copper futures have closed slightly lower on the London Metal Exchange (LME), lacking clear direction as investors await a batch of economic news and data later in the week.


ENERGY WRAP: Brent crude swung between gains and losses after dropping the most in almost a month as Libya prepared to resume oil exports from the eastern port of Zueitina. West Texas Intermediate was steady in New York.


PRECIOUS METAL WRAP: Gold held a retreat below $1,300 an ounce, trimming a monthly rise, on speculation that the Federal Reserve will further reduce U.S. monetary stimulus as it starts a two-day policy meeting today.


GLOBAL EVENTS TO WATCH: Trade Balance, German Prelim CPI m/m, Prelim GDP q/q, S&P/CS Composite-20 HPI y/y, CB Consumer Confidence.

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AGRI COMMODITY	BULLIONS COMMODITY
CS CHANA (MAY) OVERVIEW: TREND CONSOLIDATE SUP1:3040 SUP2:2975 RESIST1:3210 RESIST2:3260 TRADING STRATEGY: BUY ON DIPS CAPITALSTARS.COM +919200099927 +919977499927	CS COPPER (APRIL) OVERVIEW: TREND CONSOLIDATE SUP1: 414 SUP2:412 RESIST1:424 RESIST2:429 TRADING STRATEGY: BUY ON DIPS CAPITALSTARS.COM +919200099927
CS JEERA (MAY) OVERVIEW: TREND CONSOLIDATE SUP1:10300 SUP2:10200 RESIST1:10800 RESIST2:11200 TRADING STRATEGY: BUY ON DIPS CAPITALSTARS.COM +919200099927	CS CRUDE (MAY) OVERVIEW: TREND CONSOLIDATE SUP1:6100 SUP2:6020 RESIST1:6210 RESIST2:6340 TRADING STRATEGY: BUY ON DIPS CAPITALSTARS.COM +919200099927
CS TURMERIC (MAY) OVERVIEW: TREND CONSOLIDATE SUP1:6920 SUP2:6868 RESIST1:7100 RESIST2:7320 TRADING STRATEGY: BUY ON DIPS CAPITALSTARS.COM +919200099927	CS GOLD (JUNE) OVERVIEW: TREND CONSOLIDATE SUP1:28760 SUP2:28525 RESIST1:29150 RESIST2:29260 TRADING STRATEGY: BUY ON DIPS CAPITALSTARS.COM +919200099927
CS SOYABEAN (MAY) OVERVIEW: TREND BULLISH SUP1:4650 SUP2:4535 RESIST1:4770 RESIST2:4850 TRADING STRATEGY: BUY ON DIPS CAPITALSTARS.COM +919200099927	CS SILVER (MAY) OVERVIEW: TREND CONSOLIDATE SUP1:42000 SUP2:41500 RESIST1:43100 RESIST2:43420 TRADING STRATEGY: BUY ON DIPS CAPITALSTARS.COM +919200099927

INDIAN EQUITY MARKET OUTLOOK 29th APRIL 2014

INDIAN BENCHMARK open on a flat note on account of muted Asian cues with extended their losses for the third successive session of trade due to weakness in the banking space.


FURTHER, Hindustan Unilever Ltd has posted a net profit of Rs. 8721.30 mn for the quarter ended March 31, 2014 as compared to Rs. 7872.00 million for the quarter ended March 31, 2013. Idea Cellular Ltd reported net profit after tax of Rs. 5043.40 million for the quarter ended March 31, 2014 as compared to Rs. 2541.60 mn for the quarter ended March 31, 2013.


Trend in FII flows: The FIIs were net buyers of Rs.77cr in the cash segment on Monday while the domestic institutional investors (DIIs) were net sellers of Rs. 370cr, as per the provisional figures released by the NSE.


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TOP FIVE BUZZING STOCKS 29th APRIL

WOCK PHARMA

TREND: BULLISH

SUPPORT: 632

RESISTANCE: 829



HCL TECH

TREND: BEARISH

SUPPORT: 1397

RESISTANCE: 1464



UPL LTD

TREND: BULLISH

SUPPORT: 214

RESISTANCE: 280



JAIN IRRIGATION

TREND: BULLISH

SUPPORT: 71

RESISTANCE: 86



ASIAN PAINTS

TREND: BEARISH

SUPPORT: 490

RESISTANCE: 519

INDIAN EQUITY MARKET WRAP UP 28th APRIL

INDIAN BENCHMARKS end lower amid weak Asian cues.

INDIAN EQUITY BENCHMARKS ended lower, amid a range bound trading session, tracking weakness among Asian peers while the geo-political crisis in Ukraine also dampened market sentiment.


Further, Wock Pharma surged by 11.7% after the regulator in Himachal Pradesh has revoked the suspension of the manufacture and sale of three drugs. UPL has surged 20% after reporting a robust 28% year-on-year growth in adjusted consolidated net profit at Rs 405 crore for the fourth quarter ended March 31, 2014 mainly due to higher operational income and lower employee costs.


The crucial resistance for Nifty is now seen at 6800 and above this 6830. 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 Advanta, Bharti Airtel, Ceat ltd, Hexaware , Jindal steel, Sesa Sterlite, Dabur India , Shriram  Transport Finance on 29TH   April.

CS ROCKING PERFORMANCE OF THE DAY 28th APRIL

STOCK FUTURES:

FUTURES INTRADAY:

JAIN IRRIGATION FUTURES BUY CALL 3 TG

HAVELLS INDIA FUTURES BUY CALL 3 TG

UPL LTD FUTURES BUY CALL 2 TG

ADANIENT FUTURES SELL 2 TG

AUROBINDO PHARMA FUTURES BUY CALL 1 TG

TATA CHEMICALS FUTURES BUY CALL COST EXIT


PREMIUM FUTURES:

JAIN IRRIGATION FUTURES BUY CALL 3 TG

SYNDICATE BANK FUTURES BUY CALL 1 TG


NIFTY FUTURES:

BANK NIFTY FUTURES SELL CALL SL TRIGGERED


OPTION:

UPL LTD 250 CALL BUY CALL 3 TG

UPL LTD 2ND 250 CALL BUY CALL 3 TG

UPL LTD 240 CALL BUY CALL 3 TG

KARNATAKA BANK 120 CALL BUY CALL 1 TG

 
OPTION PREMIUM:

CIPLA 400 CALL BUY CALL 1 TG

 
STOCK CASH:


STOCK CASH INTRADY:

UPL LTD BUY CALL 3 TG

ADVANTA BUY CALL 3 TG

ADVANTA 2nd  BUY CALL 3 TG

 
STOCK CASH PREMIUM:

WOCKPHARMA BUY CALL 3 TG

ALEMBIC PHARMA BUY CALL SL TRIGGERED

TOP CORPORATE NEWS 28th APRIL 2014

·  HUL Q4 PAT at Rs8.72bn

Hindustan Unilever Ltd has posted a net profit of Rs. 8721.30 mn for the quarter ended March 31, 2014 as compared to Rs. 7872.00 million for the quarter ended March 31, 2013. Total Income has increased from Rs. 65716.40 million for the quarter ended March 31, 2013 to Rs. 72447.30 mn for the quarter ended March 31, 2014.


·  IDFC drops after weak Q4 earnings

IDFC lost 2.72% after consolidated net profit declined 50.93% to Rs 257.94 crore on 0.05% growth in total income to Rs 2219.57 crore in Q4 March 2014 over Q4 March 2013.


·  Siemens gains after strong Q2 results

Siemens gained 2.36% after net profit jumped 194.7% to Rs 88.27 crore on 8.6% fall in net sales to Rs 2657.74 crore in Q2 March 2014 over Q2 March 2013.


·  Jubilant Life Sciences receives ANDA approval for Spironolactone Tablets

Jubilant Life Sciences Ltd announced that it has received ANDA approval from the US FDA for Spironolactone Tablets, 25 mg, 50 mg and 100 mg,which is used as a diuretic to treat fluid retention caused by congestive heart failure and cirrhosis of the liver.

DAILY COMMODITY MARKET STRATEGY 28th APRIL 2014

BASE METAL WRAP: Nickel climbed for a second day to a 14-month high on concern that supplies from Russia may be disrupted amid mounting tensions over Ukraine.

ENERGY WRAP: Brent rebounded from its biggest loss in almost three weeks as the U.S. said it will impose more sanctions on Russia, the world’s biggest energy exporter, as the Ukraine crisis escalates. West Texas Intermediate rose.

PRECIOUS METAL WRAP: Gold climbed to its highest in 1-1/2 weeks on Monday, steadying above $1,300 an ounce as weaker equities and escalating geopolitical tensions in Ukraine boosted the metal's safe-haven appeal.

GLOBAL EVENTS TO WATCH: Pending Home Sales m/m.

AGRI COMMODITY	COMMODITY
CS CHANA (MAY) OVERVIEW: TREND CONSOLIDATE SUP1:3040 SUP2:2975 RESIST1:3210 RESIST2:3260 TRADING STRATEGY: BUY ON DIPS CAPITALSTARS.COM +919200099927 +919977499927	CS COPPER (APRIL) OVERVIEW: TREND CONSOLIDATE SUP1: 414 SUP2:412 RESIST1:424 RESIST2:429 TRADING STRATEGY: BUY ON DIPS CAPITALSTARS.COM +919200099927
CS JEERA (MAY) OVERVIEW: TREND CONSOLIDATE SUP1:10300 SUP2:10200 RESIST1:10800 RESIST2:11200 TRADING STRATEGY: BUY ON DIPS CAPITALSTARS.COM +919200099927	CS CRUDE (MAY) OVERVIEW: TREND CONSOLIDATE SUP1:6100 SUP2:6020 RESIST1:6210 RESIST2:6340 TRADING STRATEGY: BUY ON DIPS CAPITALSTARS.COM +919200099927
CS TURMERIC (MAY) OVERVIEW: TREND BULLISH SUP1:6920 SUP2:6868 RESIST1:7100 RESIST2:7320 TRADING STRATEGY: BUY ON DIPS CAPITALSTARS.COM +919200099927	CS GOLD (JUNE) OVERVIEW: TREND CONSOLIDATE SUP1:28760 SUP2:28600 RESIST1:29150 RESIST2:29260 TRADING STRATEGY: BUY ON DIPS CAPITALSTARS.COM +919200099927
CS SOYABEAN (MAY) OVERVIEW: TREND BULLISH SUP1:4650 SUP2:4535 RESIST1:4770 RESIST2:4850 TRADING STRATEGY: BUY ON DIPS CAPITALSTARS.COM +919200099927	CS SILVER (MAY) OVERVIEW: TREND CONSOLIDATE SUP1:42300 SUP2:42000 RESIST1:43100 RESIST2:43420 TRADING STRATEGY: BUY ON DIPS CAPITALSTARS.COM +919200099927

INDIAN EQUITY MARKET OUTLOOK 28th APRIL 2014

INDIAN BENCHMARK open flat with a negative bias tracking weakness in its Asian peers. Jubilant Life Sciences receives ANDA approval for Spironolactone Tablets.

FURTHER, IDFC lost 2.72% after consolidated net profit declined 50.93% to Rs 257.94 crore on 0.05% growth in total income to Rs 2219.57 crore in Q4 March 2014 over Q4 March 2013.Siemens gained 2.36% after net profit jumped 194.7% to Rs 88.27 crore on 8.6% fall in net sales to Rs 2657.74 crore in Q2 March 2014 over Q2 March 2013.

Trend in FII flows: The FIIs were net buyers of Rs.295cr in the cash segment on Friday while the domestic institutional investors (DIIs) were net sellers of Rs. 417cr, as per the provisional figures released by the NSE.

INDIAN EQUITY MARKET WEEKLY REPORT 21st to 25th APRIL

INDIAN BENCHMARKS closed on a flat note during the truncated week offset initial losses. March quarter earnings season kicked off with top four IT companies reporting numbers. WPI climbed to 5.70 percent, CPI rose to 8.31 percent from 8.03 percent month-on-month.

Infosys delivered a positive surprise with margin expansion of 50bps qoq in Q4 FY14 and an encouraging FY15 dollar revenue growth guidance of 7-9%.TCS’s performance in Q4 FY14 was modest with dollar revenue growth at 1.9% qoq and operating margin contracting by 50bps qoq.

The INDIAN BENCHMARKS SENSEX ended 0.12 points down at 22628.84 and the 50-share NIFTY closed 3.10 points up at 6779.40.