INDIAN EQUITY MARKET OUTLOOK-28th MAY 2014

INDIAN EQUITY MARKET OUTLOOK-28th MAY 2014

INDIAN BENCHMARK open flat, amid mixed cues from Asia, as investors are likely to remain cautious ahead of the expiry of May derivative contracts on Thursday.

FURTHER, United Breweries Ltd has posted a net profit of Rs. 677.10 million for the quarter ended March 31, 2014 as compared to Rs. 58.50 mn for the quarter ended March 31, 2013. JSW Steel Ltd has posted a net profit of Rs. 4828.30 million for the Quarter ended March 31, 2014 whereas the same was at Rs. 2959.10 million for the Quarter ended March 31, 2013.

Trend in FII flows: The FIIs were net sellers of Rs 202cr in the cash segment on Tuesday while the DIIs were net sellers of Rs. 95cr, as per the provisional figures released by the NSE.

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INDIAN EQUITY MARKET WRAP UP-27th MAY

INDIAN BENCHMARKS closed lower on profit booking.

INDIAN EQUITY BENCHMARKS closed the trading session on a lower note as investors turned cautious ahead of derivatives contract expiry on Thursday and booked profits with oil and financial shares. Dish TV India Ltd has posted a net loss of Rs. 1490.50 mn for the quarter ended March 31, 2014 as compared to net loss of Rs.436.20 mn for the quarter ended March 31, 2013.

Further, Bharat Forge's net profit more than doubled to Rs 119 crore in the quarter ended March 2014 from Rs 50.1 crore in same quarter last year. Power Finance Corporation Ltd has posted a net profit of Rs. 54618.40 mn for the year ended March 31, 2014 as compared to Rs. 44377.40 million for the year ended March 31, 2013.

The crucial resistance for Nifty is now seen at 7380 and above this 7430. Support for the immediate term is now placed at 7250 and next support will be 7200.

NEWS TO WATCH:

.Watch out for the quarterly earnings of Aban Offshore, Amara Raja Batteries, BHEL, Havells India, IGL, SAIL, Tata Global, Apollo Hospital, Hero Motocorp on 28TH May 2014.  

·Watch out for the Indian GDP annual and quarterly data on 30TH May 2014.

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CS ROCKING PERFORMANCE OF THE DAY-27th MAY

FUTURES INTRADAY:
ORIENTAL BANK SELL CALL 3 TG
PFC FUTURES SELL CALL 3 TG
PFC FUTURES 2ND SELL CALL 3 TG
BHARAT FORGE FUTURES BUY CALL3 TG
DLF FUTURES SELL CALL 2 TG
PETRONET FUTURES SELL CALL 1 TG

PREMIUM FUTURES:
BHARAT FORGE FUTURES BUY CALL 2 TG

NIFTY FUTURES:
BANK NIFTY FUTURES BUY CALL 1 TG (BOOKED AT 15190)

OPTION:
BHEL 250 PUT BUY CALL 3 TG
AUROBINDO PHARMA 500 CALL 1 TG

STOCK CASH INTRADY:
INDIA CEMENTS SELL CALL 3 TG
JYOTHY LAB SELL CALL 2 TG
BHARAT FORGE BUY CALL 1 TG
AUROBINDO PHARMA BUY CALL 1 TG (BOOKED AT 644)

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TOP CORPORATE NEWS-27th MAY 2014

Jubilant Life consolidated Mar '14 sales at Rs 1,562.33 crore
Jubilant Life Sciences has reported a consolidated sales turnover of Rs 1,562.33 crore and a net profit of Rs 98.81 crore for the quarter ended Mar '14. Other income for the quarter was Rs 5.04 crore.

India Cements dips on Q4 loss
India Cements has dipped 10% after reporting a net loss of Rs 31 crore for the fourth quarter ended March 31, 2014 due to lower realization and higher interest cost.

Larsen and Toubro enters top10 club of most valuable companies
Larsen and Toubro made its entry into the list of the top-10 most valuable companies by market capitalisation  after a sharp rally in its stock. With a m-cap of Rs 1,46,067 crore L&T now features at tenth rank in the list and replaces a leading HDFC in this prestigious club.

Dish TV Q4 net loss at Rs1490.50mn
Dish TV India Ltd has posted a net loss of Rs. 1490.50 mn for the quarter ended March 31, 2014 as compared to net loss of Rs. 436.20 mn for the quarter ended March 31, 2013.

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INDIAN EQUITY MARKET OUTLOOK-27th MAY 2014

INDIAN BENCHMARK open flat with a slight negative bias. Investors booked profits in oil and financial shares. Jubilant Life Sciences subsidiary will receive over Rs 860 crore funding from IFC, a member of the World Bank Group, to strengthen its generic drug manufacturing facilities.

FURTHER, GAIL India reported a 57% jump in its fourth-quarter net profit on the back of better petrochemical and LPG prices and drop in subsidy outgo.Wockhardt reported nearly 78% drop in consolidated net profit at Rs 74.45 crore for the quarter ended March 2014 mainly due to regulatory issues with US and UK health regulators.

Trend in FII flows: The FIIs were net sellers of Rs 84cr in the cash segment on Monday while the domestic institutional investors (DIIs) were net sellers of Rs. 208cr, as per the provisional figures released by the NSE.

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CS ROCKING PERFORMANCE OF THE DAY 26th MAY

FUTURES INTRADAY:
VOLTAS LTD FUTURES SELL CALL 3 TG
HIND PETRO FUTURES BUY CALL 3 TG
RCOM FUTURES BUY CALL 3 TG (BOOKED AT 149.65)
BHEL FUTURES BUY CALL 2 TG (BOOKED AT 283.50)
JINDAL STEEL FUTURES BUY CALL 1 TG

PREMIUM FUTURES:
IRB INFRA FUTURES BUY CALL 3 TG
BHEL FUTURES BUY CALL 2 TG (BOOKED AT 292.50)

NIFTY FUTURES:
BANK NIFTY FUTURES SELL CALL 3 TG
NIFTY FUTURES SELL CALL 3 TG
NIFTY FUTURES BUY CALL 3 TG

OPTION:
BHEL 270 CALL BUY CALL 3 TG
CROMPTON GREAVES BUY CALL 2 TG
AXIS BANK 1900 CALL BUY CALL 1 TG

OPTION PREMIUM:
BHEL 270 CALL BUY CALL 1 TG

STOCK CASH INTRADY:
IBREALEST SELL CALL 3 TG
IRB INFRA BUY CALL 3 TG (BOOKED AT 218)
HINDPETRO BUY CALL 2 TG

STOCK CASH PREMIUM:
JP ASOCIATE BUY CALL 1 TG
BHEL BUY CALL 1TG

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INDIAN EQUITY MARKET WRAP UP-26th MAY

INDIAN BENCHMARKS end flat… await Modi's cabinet

INDIAN EQUITY BENCHMARKS came off their day's highs to end flat, amid a volatile trading session, as investors turned cautious ahead of key cabinet portfolios that are likely to be announced post Shri Narendra Modi's swearing-in ceremony as the 15th Prime Minister of India later this evening.

Further, India Cements reported Rs 30.56 crore standalone net loss for the January-March quarter on lower income and higher finance costs. Muthoot Finance's fourth quarter net profit fell 17.7 percent year-on-year to Rs 181 crore on lower income.

The crucial resistance for Nifty is now seen at 7500 and above this 7560. Support for the immediate term is now placed at 7250 and next support will be 7200.

NEWS TO WATCH:

Watch out for the quarterly earnings of Bharat Forge, Dish TV, JP Associate, UBL, JSW Steel, STC India, PFC, Oil India on 27TH May 2014.

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TOP FIVE BUZZING STOCKS-27th MAY

HCL TECH
TREND: BULLISH
SUPPORT: 1332
RESISTANCE: 1445

DLF
TREND: BEARISH
SUPPORT: 194
RESISTANCE: 225

HDIL
TREND: BEARISH
SUPPORT: 88
RESISTANCE: 103

ADVANTA
TREND: BULLISH
SUPPORT: 225
RESISTANCE: 290

GITANJALI GEMS
TREND: BEARISH
SUPPORT: 84
RESISTANCE: 99

TOP CORPORATE NEWS-26th MAY 2014

Chennai Petroleum Q4 net profit at Rs 49.81 crore
Chennai Petroleum Corporation Ltd has reported a net profit of Rs 49.81 crore for the fourth quarter ended March 31, 2014. The company had reported a net loss of Rs 392.23 crore during the corresponding period of the previous year.

Sun Pharma, Ranbaxy gain after AP HC lifts merger stay
Shares of Sun Pharmaceutical Industries and Ranbaxy Laboratories are rose up to 3% in early morning deals after the Andhra Pradesh High Court cleared the decks for the $4-billion deal to go through by lifting the stay.

ONGC gains after OVL's agreement with Rosneft
ONGC rose 3.56% after the company’s overseas arm, ONGC Videsh, has signed a deal with Russia's largest oil and gas producer Rosneft to jointly explore hydrocarbons in the offshore Arctic.

DLF gains as subsidiary raises Rs 525 crore through CMBS
DLF rose 1.62% after the company's subsidiary DLF Emporio successfully placed India's first Commercial Mortgage Backed Security (CMBS) issuance of Rs 525 crore.

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INDIAN EQUITY MARKET OUTLOOK-26th MAY 2014

INDIAN BENCHMARK open higher ahead of the swearing-in ceremony of Narendra Modi as India’s 15th Prime Minister.

FURTHER, DLF Emporio Limited, a subsidiary of DLF Limited, has successfully mobilized 525 crore rupees from issuance of India’s first Commercial Mortgage Backed Security. Shares of Sun Pharmaceutical Industries and Ranbaxy Laboratories are trading higher by up to 3% in early morning deals after the Andhra Pradesh High Court cleared the decks for the $4-billion deal to go through by lifting the stay.

Trend in FII flows: The FIIs were net buyers of Rs 416cr in the cash segment on Friday while the domestic institutional investors (DIIs) were net sellers of Rs. 135cr, as per the provisional figures released by the NSE.

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WEEKLY EQUITY REPORT 19th MAY TO 24th MAY 2014

WEEKLY FUNDAMENTAL SPEAKS

DALAL STREET FACE

INDIAN BENCHMARKS ended at new closing highs, but shed much of the intra-day gains despite the BJP-led NDA coalition winning by a much bigger margin than expected. IIP shrinks 0.5% in March, April WPI inflation at 5.20%.

Punjab National Bank reported a 28.69 per cent decline in net profit at Rs 806.35 crore for the quarter ended March 31, mainly on account of higher provisioning for bad loans. Adani Power Ltd has posted a net profit after taxes & minority interest of Rs. 25285.50 million for the year
ended March 31, 2014.

The INDIAN BENCHMARKS SENSEX ended 0.9 per cent up at 24121.74 and the 50-share NIFTY closed 1.12 percent up at 7203.


GLOBAL MARKET CHASE

ASIAN STOCKS surged, as anticipation of a new government pushed the Sensex to an all-time high, while Japanese stocks led the rest of Asia lower.

U.S. STOCKS finished session in positive territory buoyed by upbeat housing data and demand for tech shares among bottom fishers.

EUROPEAN STOCKS were steady, as Thursday's downbeat euro zone data continued to weigh.


WEEK  AHEAD

INDIAN INDICES may consolidate after rising to record highs on Friday. Domestic-oriented shares could continue to support markets as focus shifts to the cabinet of likely Prime Minister Narendra Modi and any signals about his economic or fiscal plans.

Earnings will continue to be in focus with SBI, Reliance Power, Reliance Infra, Jubilant food among the companies set to post earnings.

Further, Foreign flows would remain on watch. Overseas investors have pumped in $6.5 billion rupees in India stock in 2014 so far.

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TOP FIVE BUZZING STOCKS 26th MAY

SBIN
TREND: BULLISH
SUPPORT: 2500
RESISTANCE: 2820

CANARA BANK
TREND: BULLISH
SUPPORT: 415
RESISTANCE: 490

RANBAXY
TREND: BEARISH
SUPPORT: 430
RESISTANCE: 447

PFC
TREND: BULLISH
SUPPORT: 297
RESISTANCE: 323

SKS MICRO FINANCE
TREND: BEARISH
SUPPORT: 254
RESISTANCE: 287 

CS ROCKING PERFORMANCE OF THE DAY 23rd MAY

FUTURES INTRADAY:
ORIENTAL BANK FUTURES BUY CALL 3 TG
DLF FUTURES BUY CALL 3 TG
ORIENTAL BANK FUTURES 2ND BUY CALL 3 TG
CENTURY TEXTILE FUTURES BUY CALL 3 TG
SBIN FUTURES BUY CALL 2 TG
PFC FUTURES BUY CALL 2 TG
AXIS BANK FUTURES BUY CALL 1 TG
SIEMENS FUTURES BUY CALL 1 TG
JSW STEEL FUTURES BUY CALL 1 TG

PREMIUM FUTURES:
SBIN FUTURES BUY CALL 3 TG
UCO BANK FUTURES BUY CALL 1 TG
JAIN IRRIGATION FUTURES BUY CALL 1 TG

NIFTY FUTURES:
BANK NIFTY FUTURES BUY CALL 2 TG
NIFTY FUTURES BUY CALL 2 TG

OPTION:
CANARA BANK 430 CALL BUY CALL 3 TG
SBIN 2500 CALL BUY CALL 3 TG
ARVIND LTD 190 CALL BUY CALL 3 TG (BOOKED AT 15.90)

OPTION PREMIUM:
SBIN 2500 CALL BUY CALL 3 TG

STOCK CASH INTRADY:
CENTURY TEXTILE BUY CALL 3 TG
PFC BUY CALL 3 TG
JAIN IRRIGATION BUY CALL 3 TG
ORIENTAL BANK BUY CALL 3 TG

STOCK CASH PREMIUM:
SBIN BUY CALL 3 TG
RCOM BUY CALL 2 TG

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