DAILY COMMODITY MARKET STRATEGY-11 JUNE 2014

BASE METAL WRAP: Copper looks weak as an investigation into metal financing in China prompted concern that a crackdown could hit trade in the metal, while aluminium and zinc retreated from multi-month highs as traders cashed in on recent gains.

ENERGY WRAP: West Texas Intermediate traded near the highest price in three months amid speculation that crude inventories fell for a second week in the U.S., the world’s biggest oil consumer. Brent was steady in London.

PRECIOUS METAL WRAP: Gold rose toward the highest level in almost two weeks as prices that declined to a four-month low spurred physical purchases. Platinum and palladium holdings in exchange-traded products expanded to records.

GLOBAL EVENTS TO WATCH: Westpac Consumer Sentiment, OPEC Meetings, Claimant Count Change, Unemployment Rate, Crude Oil Inventories, 10-y Bond Auction, Federal Budget Balance.

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BULLIONS COMMODITY	AGRI COMMODITY
CS COPPER (JUNE) OVERVIEW: TREND CONSOLIDATE SUP1: 397 SUP2:394 RESIST1:404 RESIST2:407 TRADING STRATEGY: SELL ON RISE CAPITALSTARS.COM +919200099927	CS CHANA (JULY) OVERVIEW: TREND BEARISH SUP1:2740 SUP2:2650 RESIST1:2840 RESIST2:2880 TRADING STRATEGY: SELL ON RISE CAPITALSTARS.COM +919200099927 +919977499927
CS CRUDE (JUNE) OVERVIEW: TREND BULLISH SUP1:6150 SUP2:6100 RESIST1:6270 RESIST2:6340 TRADING STRATEGY: BUY ON DIPS CAPITALSTARS.COM +919200099927	CS JEERA (JULY) OVERVIEW: TREND CONSOLIDATE SUP1:10700 SUP2:10530 RESIST1:11000 RESIST2:11250 TRADING STRATEGY: SELL ON RISE CAPITALSTARS.COM +919200099927
CS GOLD (AUG) OVERVIEW: TREND CONSOLIDATE SUP1:25940 SUP2:25600 RESIST1:26400 RESIST2:26920 TRADING STRATEGY: SELL ON RISE CAPITALSTARS.COM +919200099927	CS TURMERIC (JULY) OVERVIEW: TREND CONSOLIDATE SUP1:5850 SUP2:5750 RESIST1:6070 RESIST2:6320 TRADING STRATEGY: SELL ON RISE CAPITALSTARS.COM +919200099927
CS SILVER (JULY) OVERVIEW: TREND CONSOLIDATE SUP1:40100 SUP2:39800 RESIST1:40800 RESIST2:41500 TRADING STRATEGY: SELL ON RISE CAPITALSTARS.COM +919200099927	CS SOYABEAN (JULY) OVERVIEW: TREND CONSOLIDATE SUP1:4180 SUP2:4140 RESIST1:4420 RESIST2:4550 TRADING STRATEGY: SELL ON RISE CAPITALSTARS.COM +919200099927

INDIAN EQUITY MARKET OUTLOOK-11JUNE 2014

INDIAN BENCHMARK open on a flat note on account of muted global trends. Reliance Communications Ltd is planning to raise funds raise through an institutional share sale.

FURTHER, United Bank of India has been allowed by the Reserve Bank of India to consider loan proposals up to Rs 200 crore from 'AAA'-rated companies. L&T Finance Holdings Parent company L&T proposes to sell 1.6% stake in L&T Finance for about Rs 204 crore.

Trend in FII flows: The FIIs were net buyers of Rs 192cr in the cash segment on Tuesday while the DIIs were net sellers of Rs. 1215cr, as per the provisional figures released by the NSE.

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CS ROCKING PERFORMANCE OF THE DAY-10th JUNE 2014

FUTURES INTRADAY:
TITAN FUTURES BUY CALL 3TG,
APOLLO HOSPITAL FUTURES BUY CALL 3TG,
ALLAHABAD BANK FUTURES SELL CALL 2TG,         
BIOCON FUTURES BUY CALL 2TG,
PFC FUTURES SELL CALL 2TG,
YES BANK FUTURES SELL CALL COST EXIT,
ASIAN PAINT FUTURE BUY CALL EXIT AT 537,
TATA GLOBAL FUTURE BUY CALL SL TRIGGERED.

PREMIUM FUTURES:
VOLTAS FUTURES BUY CALL SL TRIGGERED.

NIFTY FUTURES:
NIFTY FUTURES BUY CALL 1TG.

OPTION:
AUROBINDO FARMA 660 CALL BUY CALL 3TG,
TATA GLOBAL 170 CALL BUY CALL 2TG,
WIPRO CALL 520 CALL BUY 1TG.

OPTION PREMIUM:
COAL INDIA CALL 410 BUY CALL SL TRIGGERED.             

STOCK CASH INTRADY:
AMTEK INDIA BUY CALL 3TG,
IBREALEST SELL CALL 2TG,
IRB INFRA SELL CALL 1TG,
HCL TECH BUY CALL 1TG.

STOCK CASH PREMIUM:
APOLLO HOSPITAL BUY CALL 3TG,
JUBILLANT LIFESCIENCE BUY CALL 1TG.


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TOP CORPORATE NEWS-10 JUNE 2014

BEML stock up 3%
Shares of BEML were higher, that government may introduce new policies and liberalised foreign direct investment in the defence sector.

Geometric zooms 5% on Volvo order
Geometic Ltd is trading up 5.4% as it has received order from Volvo. The contract includes development of application and maintenance for Volvo.

Idea Cellular drops post closure of QIP
Idea Cellular lost 0.34% after it has decided to close the QIP and approved the issuance of 22.38 crore equity shares at an issue price of Rs 134 per share to qualified institutional buyers.

Coal India hits new high on reform hope
Coal India has moved higher by over 2%, extending its previous day’s 6% rally, on hopes of reforms in the coal sector. President Pranab Mukherjee told a joint session of Parliament that the government will pursue reforms in the coal sector with urgency for attracting private investment in a transparent manner

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DAILY COMMODITY MARKET STRATEGY-10th JUNE 2014

BASE METAL WRAP: Copper fell for a fifth session in New York, the longest slump in more than three months, as demand concerns mounted amid slumping imports of the metal into China, the world’s biggest user.

ENERGY WRAP: West Texas Intermediate advanced for a third day amid speculation that crude inventories declined for a second week in the U.S., the world’s biggest oil consumer. Brent was steady in London. Natural gas futures slipped from a one-month high in New York as cooler weather in the central U.S. limited demand for the power-plant fuel.

PRECIOUS METAL WRAP: Gold held above the lowest level in four months on speculation that price declines after a rally in equity markets may spur purchases.

GLOBAL EVENTS TO WATCH: NAB Business Confidence, CPI y/y, PPI y/y, Manufacturing Production m/m, Industrial Production m/m, NFIB Small Business Index, JOLTS Job Openings, Wholesale Inventories m/m.

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AGRI COMMODITY	BULLIONS COMMODITY
CS CHANA (JULY) OVERVIEW: TREND BEARISH SUP1:2740 SUP2:2650 RESIST1:2810 RESIST2:2880 TRADING STRATEGY: SELL ON RISE CAPITALSTARS.COM +919200099927 +919977499927	CS COPPER (JUNE) OVERVIEW: TREND CONSOLIDATE SUP1: 392 SUP2:386 RESIST1:400 RESIST2:405 TRADING STRATEGY: SELL ON RISE CAPITALSTARS.COM +919200099927
CS JEERA (JULY) OVERVIEW: TREND BEARISH SUP1:10700 SUP2:10530 RESIST1:10900 RESIST2:11000 TRADING STRATEGY: SELL ON RISE CAPITALSTARS.COM +919200099927	CS CRUDE (JUNE) OVERVIEW: TREND BULLISH SUP1:6150 SUP2:6100 RESIST1:6270 RESIST2:6340 TRADING STRATEGY: BUY ON DIPS CAPITALSTARS.COM +919200099927
CS TURMERIC (JULY) OVERVIEW: TREND CONSOLIDATE SUP1:5750 SUP2:5650 RESIST1:6060 RESIST2:6320 TRADING STRATEGY: SELL ON RISE CAPITALSTARS.COM +919200099927	CS GOLD (AUG) OVERVIEW: TREND CONSOLIDATE SUP1:25600 SUP2:24960 RESIST1:26150 RESIST2:26520 TRADING STRATEGY: SELL ON RISE CAPITALSTARS.COM +919200099927
CS SOYABEAN (JULY) OVERVIEW: TREND CONSOLIDATE SUP1:4180 SUP2:4140 RESIST1:4305 RESIST2:4345 TRADING STRATEGY: SELL ON RISE CAPITALSTARS.COM +919200099927	CS SILVER (JULY) OVERVIEW: TREND CONSOLIDATE SUP1:39800 SUP2:39300 RESIST1:40800 RESIST2:41500 TRADING STRATEGY: SELL ON RISE CAPITALSTARS.COM +919200099927

INDIAN EQUITY MARKET OUTLOOK-10th JUNE 2014

INDIAN BENCHMARK starting on a strong note, but slipped into red by profit booking and monsoon woes.

FURTHER, Piramal Enterprises has picked up 9.99% equity share of Shriram City Union Finance Ltd for a total of Rs 789.58 crore. Idea Cellular lost 0.34% after the company said it has decided to close the QIP and approved the issuance of 22.38 crore equity shares at an issue price of Rs 134 per share to qualified institutional buyers.

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. 490cr, as per the provisional figures released by the NSE.

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INDIAN EQUITY MARKET WRAP UP-9th JUNE 2014

INDIAN BENCHMARKS end at fresh record highs on reforms agenda

INDIAN EQUITY BENCHMARKS hit historic highs for the second straight session as President Pranab Mukherjee laid down roadmap of the new government and outlined its reform agenda, which boosted investors’ sentiment.

Further, Shares of Future Retail gained as much as 2.6% ahead of the board meeting on June 11 to discuss fund raising options. Hindustan Zinc gained 4.4% after the Finance Ministry has started the process for fresh valuation of the company, seeking to push through a long-pending sale of the government's residual stake in the company.

The crucial resistance for Nifty is now seen at 7670 and above this 7730. Support for the immediate term is now placed at 7500 and next support will be 7460.

NEWS TO WATCH:

Watch out for the Indian CPI and IIP data on 12th June 2014.

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CS ROCKING PERFORMANCE OF THE DAY 9th JUNE 2014

FUTURES INTRADAY:
UPL LTD FUTURES BUY CALL 3 TG
SUN TV FUTURES BUY CALL 3 TG
ULTRA CEMENT FUTURES BUY CALL 3 TG
JAIN IRRIGATION FUTURES BUY CALL 3 TG
ACC LTD FUTURES BUY CALL 3 TG
SRI RAM TRANSPORT FUTURES BUY CALL 3 TG
IRB INFRA FUTURES BUY CALL 1 TG
COAL INDIA FUTURES BUY CALL 1 TG
MARUTI FUTURES BUY CALL BOOKED AT 2459.95

PREMIUM FUTURES:
GRASIM INDIA FUTURES BUY CALL 3 TG
SUN TV FUTURES BUY CALL 3 TG

NIFTY FUTURES:
NIFTY FUTURES BUY CALL 1 TG

OPTION:
IDEA 140 CALL BUY CALL 3 TG
COAL INDIA 400 CALL BUY CALL 3T G
ASIAN PAINT 510 CALL 2 TG
DLF 230 CALL BUY CALL 2 TG
AMBUJA CEMENT 240 CALL BUY CALL 1 TG

OPTION PREMIUM:
TATA STEEL 560 CALL BUY CALL 1 TG
CANARA BANK 480 CALL BUY CALL 1 TG
APOLLO TYRE 190 CALL BUY CALL 1 TG

STOCK CASH INTRADY:
INDIA CEMENT BUY CALL 3 TG
STC INDIA BUY CAKK 3 TG
KOLTE PATIL BUY CALL 3 TG
TATA CHEMICAL BUY CALL 2 TG

STOCK CASH PREMIUM:
CHAMBAL FERTILIZERS BUY CALL 2 TG
ASIAN PAINTS BUY CALL 1TG
IRB INFRA BUY CALL 1 TG

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TOP CORPORATE NEWS-9th JUNE 2014

Rail stocks in demand
Shares of rail stocks are in demand with most of them locked in upper circuit after President Pranab Mukherjee in his address to the Joint Session of Parliament said that the government will launch a diamond quadrilateral project of high-speed trains.

RCom gains on launch of free national roaming offer
Reliance Communications rose 1.49% after the company announced the launch of One India, One Rate Plans, a first-of-its-kind free National Roaming offer for post-paid and pre-paid GSM customers.

JSW Steel hits 52-week high on good crude steel production data in May
JSW Steel rose 1.57% after the company's crude steel production rose 6% to 10.68 lakh tonnes in May 2014 over May 2013.

Maruti Suzuki may save Rs 10500 crore by not investing in Gujarat
Maruti Suzuki India said that it expects to save about Rs 10,500 crore in the first 15 years by not investing in the facility. The company also proposes to enter into a contract manufacturing agreement with Suzuki Motor Gujarat.

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DAILY COMMODITY MARKET STRATEGY-9th JUNE 2014

BASE METAL WRAP: Copper traded near a four-week low as investors weighed improving economic data out of China and the U.S. against a metals-warehousing probe at a Chinese port. Hedge funds cut bullish copper bets by the most in a month on concern that a supply surplus will return as demand growth slackens in Europe and China.

ENERGY WRAP: West Texas Intermediate crude traded near the highest price in three days amid signs that economic growth is being sustained in China and the U.S., the world’s two biggest oil consumers. Brent was steady in London.

PRECIOUS METAL WRAP: Gold was firm above $1,250 an ounce on Monday after U.S. jobs data matched expectations, while a rally in stocks curbed the metal's appeal as an investment hedge.

GLOBAL EVENTS TO WATCH: RBA Gov Stevens Speaks.

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BULLIONS COMMODITY	AGRI COMMODITY
CS COPPER (JUNE) OVERVIEW: TREND CONSOLIDATE SUP1: 392 SUP2:386 RESIST1:400 RESIST2:405 TRADING STRATEGY: SELL ON RISE CAPITALSTARS.COM +919200099927	CS CHANA (JULY) OVERVIEW: TREND BEARISH SUP1:2740 SUP2:2650 RESIST1:2815 RESIST2:2935 TRADING STRATEGY: SELL ON RISE CAPITALSTARS.COM +919200099927 +919977499927
CS CRUDE (JUNE) OVERVIEW: TREND CONSOLIDATE SUP1:6000 SUP2:5950 RESIST1:6115 RESIST2:6160 TRADING STRATEGY: BUY ON DIPS CAPITALSTARS.COM +919200099927	CS JEERA (JULY) OVERVIEW: TREND CONSOLIDATE SUP1:10710 SUP2:10300 RESIST1:10900 RESIST2:11050 TRADING STRATEGY: SELL ON RISE CAPITALSTARS.COM +919200099927
CS GOLD (AUG) OVERVIEW: TREND CONSOLIDATE SUP1:25600 SUP2:24960 RESIST1:26000 RESIST2:26300 TRADING STRATEGY: SELL ON RISE CAPITALSTARS.COM +919200099927	CS TURMERIC (JULY) OVERVIEW: TREND CONSOLIDATE SUP1:5880 SUP2:5780 RESIST1:6000 RESIST2:6150 TRADING STRATEGY: SELL ON RISE CAPITALSTARS.COM +919200099927
CS SILVER (JULY) OVERVIEW: TREND CONSOLIDATE SUP1:39300 SUP2:38500 RESIST1:40600 RESIST2:41500 TRADING STRATEGY: SELL ON RISE CAPITALSTARS.COM +919200099927	CS SOYABEAN (JULY) OVERVIEW: TREND CONSOLIDATE SUP1:4220 SUP2:4140 RESIST1:4345 RESIST2:4400 TRADING STRATEGY: SELL ON RISE CAPITALSTARS.COM +919200099927

INDIAN EQUITY MARKET OUTLOOK-9th JUNE 2014

INDIAN BENCHMARK extended gains for third consecutive session and are trading at lifetime high tracking firm global cues along with capital goods and financials leading the gains.

FURTHER, NTPC has invited bids for construction of the 1,320-MW Khargone thermal project. GAIL India Ltd is offering gas supplies from the US at $12-13, at least a dollar less than the price

Trend in FII flows: The FIIs were net buyers of Rs 192cr in the cash segment on Friday while the DIIs were net sellers of Rs. 315cr, as per the provisional figures released by the NSE.


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WEEKLY EQUITY REPORT 2nd JUNE TO 7th JUNE 2014

WEEKLY FUNDAMENTAL SPEAKS

DALAL STREET FACE
 

INDIAN BENCHMARKS ended the last week of May with losses, snapping a three-week winning streak, posting gains of about 8 per cent in May, the highest since October last year. India's GDP stood at 4.7% in the financial year ended 2014. Q4 GDP growth stood at 4.6% as against the estimates of 4.7%.

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. DLF Ltd has posted a net profit of Rs. 2196.80 million for the quarter ended March 31, 2014 as compared to net loss of Rs. 41.90 mn for the quarter ended March 31, 2013.

The INDIAN BENCHMARKS SENSEX ended 17 point down at 24217 and the 50-share NIFTY closed 6 point down at 7230.

 

GLOBAL MARKET CHASE

ASIAN STOCKS mixed as the week comes to a close ahead of key data from China at the weekend.

U.S. STOCKS largely higher as investors viewed the data as disappointing but nothing suggesting recovery was beginning to wane.

EUROPEAN STOCKS were lower, after the release of downbeat German data and as investors turned their attention to next week's European Central Bank policy meeting.

 

WEEK AHEAD

INDIAN INDICES appears to have entered into a phase of consolidation for the time being after marking their first weekly fall in four with foreign investors booking profit.

The market will react to the April fiscal deficit and first quarter GDP data. Auto and cement companies will be in focus tracking their May sales numbers.

Further, Investors and traders would shift their focus on the RBI policy meet which is scheduled to be held on June 3, 2014.

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INDIAN EQUITY MARKET WRAP UP-6th JUNE

INDIAN BENCHMARKS end at life-time highs

INDIAN EQUITY BENCHMARKS ended new all-time highs supported by oil & gas and banking & financials stocks on hopes of a favourable monsoon and continued optimism about a turnaround in the economy.

Further, Shares of ONGC surged 11% on reports that the government could soon be taking a decision on the gas price hike issue in the next few weeks. Strides Arcolab were up over 8% after the company has received approval from the US Food and Drug Administration for manufacture of generic Methoxsalen capsules in 10mg dosage.

The crucial resistance for Nifty is now seen at 7620 and above this 7650. Support for the immediate term is now placed at 7500 and next support will be 7460.

NEWS TO WATCH:

Watch out for the Indian CPI and IIP data on 12th June 2014.

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