DAILY COMMODITY MARKET STRATEGY-30th MAY 2014

BASE METAL WRAP: Copper fell from an 11-week high in London on signs of slowing economic growth in China and the U.S., the biggest users of the metal.

ENERGY WRAP: West Texas Intermediate headed for its first monthly advance since February as crude inventories shrank at the delivery point for New York contracts. Brent was steady in London.

PRECIOUS METAL WRAP: Gold headed for a monthly loss as signs that the U.S. economy is improving fueled stock-market gains, while demand for the metal slowed in China, the biggest consumer.

GLOBAL EVENTS TO WATCH: GDP m/m, Core PCE Price Index m/m, Personal Spending m/m, Personal Income m/m, Chicago PMI, Revised UoM Consumer Sentiment, Revised UoM Inflation Expectations, FOMC Member Plosser Speaks.

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AGRI COMMODITY	BULLIONS COMMODITY
CS CHANA (JUNE) OVERVIEW: TREND CONSOLIDATE SUP1:2740 SUP2:2698 RESIST1:2875 RESIST2:2955 TRADING STRATEGY: SELL ON RISE CAPITALSTARS.COM +919200099927 +919977499927	CS COPPER (JUNE) OVERVIEW: TREND CONSOLIDATE SUP1: 408 SUP2:404 RESIST1:419 RESIST2:423 TRADING STRATEGY: BUY ON DIPS CAPITALSTARS.COM +919200099927
CS JEERA (JUNE) OVERVIEW: TREND CONSOLIDATE SUP1:10900 SUP2:10710 RESIST1:11100 RESIST2:11260 TRADING STRATEGY: SELL ON RISE CAPITALSTARS.COM +919200099927	CS CRUDE (JUNE) OVERVIEW: TREND CONSOLIDATE SUP1:6050 SUP2:6020 RESIST1:6200 RESIST2:6270 TRADING STRATEGY: BUY ON DIPS CAPITALSTARS.COM +919200099927
CS TURMERIC (JUNE) OVERVIEW: TREND CONSOLIDATE SUP1:5950 SUP2:5630 RESIST1:6250 RESIST2:6400 TRADING STRATEGY: SELL ON RISE CAPITALSTARS.COM +919200099927	CS GOLD (JUNE) OVERVIEW: TREND BEARISH SUP1:26400 SUP2:25240 RESIST1:27100 RESIST2:27530 TRADING STRATEGY: SELL ON RISE CAPITALSTARS.COM +919200099927
CS SOYABEAN (JUNE) OVERVIEW: TREND CONSOLIDATE SUP1:4500 SUP2:4450 RESIST1:4755 RESIST2:4855 TRADING STRATEGY: BUY ON DIPS CAPITALSTARS.COM +919200099927	CS SILVER (JULY) OVERVIEW: TREND BEARISH SUP1:39300 SUP2:38500 RESIST1:40600 RESIST2:41500 TRADING STRATEGY: SELL ON RISE CAPITALSTARS.COM +919200099927

INDIAN EQUITY MARKET OUTLOOK-30th MAY 2014

INDIAN BENCHMARK open flat with a marginal negative bias. YES Bank is set to raise $500 million by issuing fresh shares to a cluster of investors.

FURTHER, Bharat Heavy Electricals reported a 43% year-on-year decline in net profit for the financial year ended March 2014, a seventh consecutive fall. Shares of Crompton Greaves were up over 3% after the company's profit rose 2.5 times to Rs 63.82 crore in fourth quarter as against Rs 25.27 core profit in same period last year due to improvement in power systems business and rise in other income.

Trend in FII flows: The FIIs were net sellers of Rs 522cr in the cash segment on Thursday while the DIIs were net sellers of Rs. 195cr, as per the provisional figures released by the NSE.

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CS ROCKING PERFORMANCE OF THE DAY-29th MAY

FUTURES INTRADAY:
BANK OF INDIA FUTURES BUY CALL 3 TG
CROMPTON GREVES FUTURES SELL CALL 2 TG
UPL LTD FUTURES SELL CALL 2 TG
ALLAHABAD BANK FUTURES BUY CALL 1 TG
BHARAT FORGE FUTURES BUY CALLL 1 TG

PREMIUM FUTURES:
ADANIENT FUTURES SELL CALL 3 TG (BOOKED AT 449.10)

NIFTY FUTURES:
BANK NIFTY FUTURES SELL CALL 3 TG
NIFTY FUTURES SELL CALL 2 TG

OPTION:
BANK OF INDIA 320 CALL BUY CALL 3 TG
INFOSYS 3000 PUT BUY CALL 1 TG

STOCK CASH INTRADY:
WOCK PHARMA SELL CALL 3 TG
AMARA RAJA BATTERIES BUY CALL 1 TG
INDIAN OIL CORPORATION SELL CALL 1 TG
SYNDICATE BANK BUY CALL 1 TG (BOOKED AT 147.60)
BANK OF INDIA EXIT AT 327

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TOP FIVE BUZZING STOCKS 30th MAY

COX & KINGS
TREND: BULLISH
SUPPORT: 172
RESISTANCE: 185

ADANIENT
TREND: BEARISH
SUPPORT: 448
RESISTANCE: 480

JAIN IRRIAGTION
TREND: BEARISH
SUPPORT: 105
RESISTANCE: 117

AMARA RAJA BATTERIES
TREND: BULLISH
SUPPORT: 394
RESISTANCE: 426

INFOSYS
TREND: BEARISH
SUPPORT: 2900
RESISTANCE: 3025

INDIAN EQUITY MARKET WRAP UP-29th MAY 2014

INDIAN BENCHMARKS ended on a weak note

INDIAN EQUITY BENCHMARKS ended on a weak note on expiry day. Indian Oil Corporation fell 3.44% after net profit fell 35.30% to Rs 9389.85 crore on 5.32% increase in total income to Rs 135465.86 crore in Q4 March 2014 over Q4 March 2013.

Further, Hindalco Group has posted a consolidated net profit of Rs. 21750.10 million for the year ended March 31, 2014 as compared to Rs. 30268.90 million for the year ended March 31, 2013. Coal India fell 0.59% after consolidated net profit fell 18.10% to Rs 4434.18 crore on 1.23% increase in total income to Rs 22382.35 crore in Q4 March 2014 over Q4 March 2013.

The crucial resistance for Nifty is now seen at 7325 and above this 7345. Support for the immediate term is now placed at 7200 and next support will be 7130.

NEWS TO WATCH:

·Watch out for the quarterly earnings of AstraZeneca, Aurobindo Pharma, ABG Shipyard, Cox & Kings, Hindustan Motors, M&M, Future Retail, Tata Chemical, L&T, NMDC, Den Network, CESC on 30TH May 2014. 

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

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TOP CORPORATE NEWS-29th MAY 2014

IOC slips after weak Q4 outcome
Indian Oil Corporation fell 3.44% after net profit fell 35.30% to Rs 9389.85 crore on 5.32% increase in total income to Rs 135465.86 crore in Q4 March 2014 over Q4 March 2013.

Hindalco Q4 net profit at Rs. 2.48bn
Hindalco Group has posted a consolidated net profit of Rs. 21750.10 million for the year ended March 31, 2014 as compared to Rs. 30268.90 million for the year ended March 31, 2013. Total Income has increased from Rs. 812050.30 million for the year ended March 31, 2013 to Rs. 887126.90 million for the year ended March 31, 2014.

Hero MotoCorp Q4 net down 3.4% at Rs 554.43cr
Hero MotoCorp reported 3.44 per cent decline in its standalone net profit for the fourth quarter ended March 31, 2014 at Rs 554.43 crore. Net sales during the period under review stood at Rs 6,455.7 crore as against Rs 6,072.47 crore in the same quarter previous fiscal, up 6.31 per cent.

Coal India slips after weak Q4 results
Coal India fell 0.59% after consolidated net profit fell 18.10% to Rs 4434.18 crore on 1.23% increase in total income to Rs 22382.35 crore in Q4 March 2014 over Q4 March 2013.

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DAILY COMMODITY MARKET STRATEGY-29th MAY 2014

BASE METAL WRAP: Copper climbed to 11-week high in London amid speculation that rising global equity markets indicate a favorable outlook for economic growth. Aluminum touched a one-month high.

ENERGY WRAP: West Texas Intermediate rose for the first time in three days after the American Petroleum Institute reported that crude inventories shrank at the delivery point for New York contracts. Brent was steady in London.

PRECIOUS METAL WRAP: Gold fell to the lowest level in 16 weeks as investors assessed whether tension between Russia and Ukraine is easing and after the euro weakened, reducing the appeal of the metal.

GLOBAL EVENTS TO WATCH: Private Capital Expenditure q/q, Prelim GDP q/q, Unemployment Claims, Prelim GDP Price Index q/q, Pending Home Sales m/m, Natural Gas Storage, Crude Oil Inventories.

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AGRI COMMODITY	BULLIONS COMMODITY
CS CHANA (JUNE) OVERVIEW: TREND BEARISH SUP1:2740 SUP2:2700 RESIST1:2860 RESIST2:2905 TRADING STRATEGY: SELL ON RISE CAPITALSTARS.COM +919200099927 +919977499927	CS COPPER (JUNE) OVERVIEW: TREND CONSOLIDATE SUP1: 410 SUP2:404 RESIST1:420 RESIST2:423 TRADING STRATEGY: BUY ON DIPS CAPITALSTARS.COM +919200099927
CS JEERA (JUNE) OVERVIEW: TREND CONSOLIDATE SUP1:10900 SUP2:10760 RESIST1:11465 RESIST2:11670 TRADING STRATEGY: SELL ON RISE CAPITALSTARS.COM +919200099927	CS CRUDE (JUNE) OVERVIEW: TREND CONSOLIDATE SUP1:6020 SUP2:5930 RESIST1:6110 RESIST2:6200 TRADING STRATEGY: BUY ON DIPS CAPITALSTARS.COM +919200099927
CS TURMERIC (JUNE) OVERVIEW: TREND CONSOLIDATE SUP1:5880 SUP2:5690 RESIST1:6250 RESIST2:6380 TRADING STRATEGY: SELL ON RISE CAPITALSTARS.COM +919200099927	CS GOLD (JUNE) OVERVIEW: TREND BEARISH SUP1:26240 SUP2:25700 RESIST1:27100 RESIST2:27530 TRADING STRATEGY: SELL ON RISE CAPITALSTARS.COM +919200099927
CS SOYABEAN (JUNE) OVERVIEW: TREND CONSOLIDATE SUP1:4450 SUP2:4320 RESIST1:4640 RESIST2:4755 TRADING STRATEGY: BUY ON DIPS CAPITALSTARS.COM +919200099927	CS SILVER (JULY) OVERVIEW: TREND BEARISH SUP1:39900 SUP2:39400 RESIST1:40600 RESIST2:41500 TRADING STRATEGY: SELL ON RISE CAPITALSTARS.COM +919200099927

INDIAN EQUITY MARKET OUTLOOK-29th MAY 2014

INDIAN BENCHMARK open flat with negative bias as investors are likely to adopt a wait-and-watch ahead of the expiry of May F&O series today. Indraprastha Gas Ltd has posted an 8% increase in net profit for the fourth quarter of the financial year 2013-14 to Rs 90.49 crore, as against Rs 83.53 crore in corresponding period last year.

FURTHER, Hero MotoCorp reported 3.44 per cent decline in its standalone net profit for the fourth quarter ended March 31, 2014 at Rs 554.43 crore. Amara Raja Batteries reported 34.31 percent increase in net profit at Rs 80.05 crore for the fourth quarter ended March 31, 2014.

Trend in FII flows: The FIIs were net sellers of Rs 286cr in the cash segment on Wednesday while the DIIs were net sellers of Rs. 33cr, as per the provisional figures released by the NSE.

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CS ROCKING PERFORMANCE OF THE DAY-28th MAY

FUTURES INTRADAY:
JSW STEEL FUTURES SELLCALL 3TG
ORIENTAL BANK FUTURES BUY CALL 1 TG
TATA MOTORS FUTURES SELL 1 TG

PREMIUM FUTURES:
UNION BANK FUTURES SELL CALL 1 TG

STOCK CASH INTRADY:
ABG SHIPYARD BUY CALL 3 TG
ABG SHIPYARD 2ND BUY CALL 2 TG
SHIPPING CORPORATION BUY CALL 1 TG
HINDPETRO SELL CALL 1 TG

STOCK CASH PREMIUM:
ABAN OFFSHORE BUY CALL 2 TG

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TOP FIVE BUZZING STOCKS-29th MAY

ABG SHIPYARD
TREND: BULLISH
SUPPORT: 246
RESISTANCE: 304

RCOM
TREND: BULLISH
SUPPORT: 140
RESISTANCE: 149

SYNDICATE BANK
TREND: BEARISH
SUPPORT: 136
RESISTANCE: 146

PFC
TREND: BULLISH
SUPPORT: 286
RESISTANCE: 334

HINDPETRO
TREND: BEARISH
SUPPORT: 385
RESISTANCE: 423

INDIAN EQUITY MARKET WRAP UP-28th MAY

INDIAN BENCHMARKS closed flat.

INDIAN EQUITY BENCHMARKS continued to consolidate with the Nifty holding the 7300 level ahead of expiry of May derivative contracts tomorrow.

Further, Havells India has reported a 25 percent growth in fourth quarter net profit at Rs 136.9 crore on standalone basis, supported by other income and higher revenue. SAIL fourth quarter net profit rising 1.5 percent year-on-year to Rs 453 crore, impacted by weak operational performance.

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 Cipla, Coal India, Hindalco, IOC, Liberty Shoes, Natco Pharma, ONGC, Sun Pharma, Tata Motors, Tata Power, Titagarh Wagons, Voltas, DLF, BPCL, Crompton Greaves on 29TH May 2014.    

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

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TOP CORPORATE NEWS-28th MAY 2014

·JSW Steel logs Q4 profit of Rs 462.09cr
JSW Steel reported a consolidated net profit of Rs 462.09 crore for the quarter ended March 31, 2014 on the back of increased sales. The company had posted a net profit of Rs 328.03 crore in the corresponding period of the previous financial year.

·PFC's Q4 profit rises 9% to 1,411 cr
PFC posted a 9 percent rise in its net profit at Rs 1,411.41 crore for the quarter ended March 31, 2014 largely on account of an increase in income from operations.

·United Breweries Q4 net profit at Rs677.10mn
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.

·L&T bags $480mn EPC orders in Bangladesh
Larsen & Toubro has received two EPC (engineering, procurement and construction) orders worth $480mn in Bangladesh for setting up dual fuel-fired gas based combined cycle power plants in Bangladesh.

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DAILY COMMODITY MARKET STRATEGY-28th MAY 2014

BASE METAL WRAP: Copper traded nears an 11-week high after signs of improving demand in the U.S. and China, the biggest consumers of metals.

ENERGY WRAP: Brent crude rose for the first time in three days amid speculation that escalating violence in Ukraine may disrupt supplies to Europe from Russia, the world’s largest energy exporter. West Texas Intermediate was steady.

PRECIOUS METAL WRAP: Gold fell to the lowest level in more than 15 weeks as U.S. economic data that beat estimates backed the case for the Federal Reserve to keep on reducing monetary stimulus, while demand in China showed signs of waning.

GLOBAL EVENTS TO WATCH: BOE Gov Carney Speaks, BOJ Gov Kuroda Speaks, ANZ Business Confidence.


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AGRI COMMODITY	BULLIONS COMMODITY
CS CHANA (JUNE) OVERVIEW: TREND BEARISH SUP1:2700 SUP2:2600 RESIST1:2855 RESIST2:2905 TRADING STRATEGY: SELL ON RISE CAPITALSTARS.COM +919200099927 +919977499927	CS COPPER (JUNE) OVERVIEW: TREND CONSOLIDATE SUP1: 410 SUP2:404 RESIST1:420 RESIST2:423 TRADING STRATEGY: BUY ON DIPS CAPITALSTARS.COM +919200099927
CS JEERA (JUNE) OVERVIEW: TREND BEARISH SUP1:10900 SUP2:10760 RESIST1:11465 RESIST2:11670 TRADING STRATEGY: SELL ON RISE CAPITALSTARS.COM +919200099927	CS CRUDE (JUNE) OVERVIEW: TREND CONSOLIDATE SUP1:6075 SUP2:5955 RESIST1:6220 RESIST2:6340 TRADING STRATEGY: BUY ON DIPS CAPITALSTARS.COM +919200099927
CS TURMERIC (JUNE) OVERVIEW: TREND CONSOLIDATE SUP1:5880 SUP2:5690 RESIST1:6070 RESIST2:6220 TRADING STRATEGY: SELL ON RISE CAPITALSTARS.COM +919200099927	CS GOLD (JUNE) OVERVIEW: TREND BEARISH SUP1:26240 SUP2:25700 RESIST1:27160 RESIST2:27530 TRADING STRATEGY: SELL ON RISE CAPITALSTARS.COM +919200099927
CS SOYABEAN (JUNE) OVERVIEW: TREND CONSOLIDATE SUP1:4450 SUP2:4320 RESIST1:4640 RESIST2:4755 TRADING STRATEGY: BUY ON DIPS CAPITALSTARS.COM +919200099927	CS SILVER (JULY) OVERVIEW: TREND CONSOLIDATE SUP1:39900 SUP2:39400 RESIST1:41750 RESIST2:43000 TRADING STRATEGY: SELL ON RISE CAPITALSTARS.COM +919200099927