INDIAN EQUITY MARKET WRAP UP-13rd JUNE 2014

INDIAN BENCHMARKS drag by amid Iraq crisis

INDIAN EQUITY BENCHMARKS ended with a big fall with increase in crude oil prices amid increasing violence in Iraq. Brent crude oil hit a nine-month high near USD 115 a barrel as the United States threatened military action against Islamist militants who have taken towns and cities in Iraq, raising concerns over its oil exports.

Further, Hero MotoCorp is planning to enter Brazil by 2016 as it looks to consolidate position in the fast growing South American market. Lupin has launched its Ciprofloxacin for Oral Suspension, 5 g/100 mL and 10 g/100 mL in the US having received final approval from the FDA earlier.

The crucial resistance for Nifty is now seen at 7670 and above this 7700. Support for the immediate term is now placed at 7520 and next support will be 7475.
 

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CS ROCKING PERFORMANCE OF THE DAY-13th JUNE 2014

STOCK FUTURES:
FUTURES INTRADAY:
PETRONET FUTURES BUY CALL 3 TG
JAIN IRRIGATION FUTURES SELL CALL 3 TG
ADANIENT FUTURES BUY CALL 3 TG
ARVIND LTD FUTURES BUY CALL 1 TG

PREMIUM FUTURES:
IOC FUTURES SELL CALL 3 TG
BHEL FUTURES SELL CALL SL TRIGGERED

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

OPTION:
YES BANK 540 PUT BUY CALL 3 TG
DLF 210 PUT BUY CALL 2 TG
BANK NIFTY 15500 CALL BUY CALL SL TRIGGERED

STOCK CASH:
STOCK CASH INTRADY:
HINDPETRO SELL CALL 3 TG
IGL SELL CALL 3 TG
RELIANCE INFRA SELL CALL 3 TG
JUBILANT LIFE SCIENCE BUY CALL 1 TG
BERGER PAINT SELL CALL COST EXIT

STOCK CASH PREMIUM:
ALLAHABAD BANK SELL CALL 2 TG

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TOP CORPORATE NEWS-13 JUNE 2014

BPCL, HPCL shares surge on crude oil prices
Shares of Bharat Petroleum Corporation, Hindustan Petroleum Corporation and Indian Oil Corporation are down between 3-4% on increasing crude oil prices. Crude oil was near nine-month highs early as escalating civil war in Iraq.

L&T Construction wins orders worth Rs1027 Cr
L&T Construction has won new orders worth Rs1027 crore across various business segments in May and June 2014.

GAIL to invest Rs 141 cr in CNG highway corridor in UP
GAIL India Ltd signed an agreement to invest Rs 141 crore in building CNG highway corridors in Uttar Pradesh. GAIL Gas signed a memorandum of understanding (MoU) with Uttar Pradesh State Industrial Development Corp.

IOB seeks Rs 3,500 crore capital support from govt
Indian Overseas Bank has requested the government to provide a capital support of Rs 3,500 crore during the current fiscal. Last fiscal, the government infused Rs 1,200 crore in the bank to enhance its capital base.

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DAILY COMMODITY MARKET STRATEGY-13 JUNE 2014

BASE METAL WRAP: Copper in London pared a third weekly loss, the longest streak since March, as some physical demand outweighed concerns that a warehousing probe at China’s Qingdao port will curb demand for the metal.

ENERGY WRAP: West Texas Intermediate crude headed for the biggest weekly advance, and Brent gained as escalating violence in Iraq threatened supplies from OPEC’s second-largest oil producer. Natural gas futures climbed the most in almost four months, reaching a five-week high, after a government report showed that a U.S. stockpile expansion was smaller than forecast.

PRECIOUS METAL WRAP: Gold rose to a two-week high on demand for a haven. U.S. recovery may be stalling and violence in Iraq will escalate boosted demand for a haven. Gold advanced as equity markets declined, Platinum rose 0.5 percent to $1,451.38 an ounce, Silver rose as much as 0.5 percent to $19.6323 an ounce.

GLOBAL EVENTS TO WATCH: BOE Gov Carney Speaks, Monetary Policy Statement, Industrial Production y/y, Fixed Asset Investment ytd/y, Retail Sales y/y, BOJ Press Conference, Manufacturing Sales m/m, Manufacturing Sales m/m, PPI m/m, Core PPI m/m, Prelim UoM Consumer Sentiment, Prelim UoM Inflation Expectations.

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BULLIONS COMMODITY	AGRI COMMODITY
CS COPPER (JUNE) OVERVIEW: TREND CONSOLIDATE SUP1: 396 SUP2:394 RESIST1:404 RESIST2:407 TRADING STRATEGY: SELL ON RISE CAPITALSTARS.COM +919200099927	CS CHANA (JULY) OVERVIEW: TREND CONSOLIDATE SUP1:2740 SUP2:2650 RESIST1:2900 RESIST2:2935 TRADING STRATEGY: SELL ON RISE CAPITALSTARS.COM +919200099927 +919977499927
CS CRUDE (JUNE) OVERVIEW: TREND BULLISH SUP1:6300 SUP2:6220 RESIST1:6440 RESIST2:6550 TRADING STRATEGY: BUY ON DIPS CAPITALSTARS.COM +919200099927	CS JEERA (JULY) OVERVIEW: TREND BULISH SUP1:10980 SUP2:10760 RESIST1:11240 RESIST2:11460 TRADING STRATEGY: BUY ON DIPS CAPITALSTARS.COM +919200099927
CS GOLD (AUG) OVERVIEW: TREND BEARISH SUP1:26100 SUP2:25940 RESIST1:26400 RESIST2:26920 TRADING STRATEGY: SELL ON RISE CAPITALSTARS.COM +919200099927	CS TURMERIC (JULY) OVERVIEW: TREND CONSOLIDATE SUP1:5850 SUP2:5750 RESIST1:6310 RESIST2:6440 TRADING STRATEGY: BUY ON DIPS CAPITALSTARS.COM +919200099927
CS SILVER (JULY) OVERVIEW: TREND CONSOLIDATE SUP1:40800 SUP2:40400 RESIST1:41500 RESIST2:42000 TRADING STRATEGY: BUY ON DIPS CAPITALSTARS.COM +919200099927	CS SOYABEAN (JULY) OVERVIEW: TREND BEARISH SUP1:4260 SUP2:4190 RESIST1:4360 RESIST2:4400 TRADING STRATEGY: SELL ON RISE CAPITALSTARS.COM +919200099927

INDIAN EQUITY MARKET OUTLOOK-13th JUNE 2014

INDIAN BENCHMARK have turned flat after making a higher opening led by buying among rate sensitive sectors like banks, auto and realty.

FURTHER, Indian Overseas Bank has requested the government to provide a capital support of Rs 3,500 crore during the current fiscal. Tata Motors reported 5.14 percent decline in global sales, including that of Jaguar Land Rover to 77,575 units in May. The company had sold 81,783 units in the same month last year.

Trend in FII flows: The FIIs were net buyers of Rs 192cr in the cash segment on Thursday while the DIIs were net sellers of Rs. 742cr, as per the provisional figures released by the NSE.

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INDIAN EQUITY MARKET WRAP UP-12 JUNE 2014

INDIAN BENCHMARKS ends positive …financials & auto shares gain

INDIAN EQUITY BENCHMARKS ended positive amid day long choppy trading session led by buying amongst financials and auto shares.

Further, Shares of Bharti Airtel slumped by 3.57% after Credit Suisse downgrades the stock to "underperform" from "neutral" and reduces the target price to 265 rupees from 275 rupees, citing competition from rival Rel Jio's, a unit of Reliance Industries. HDIL dipped 3% after Nomura Singapore offloaded more than two million shares of the Mumbai-based real estate firm through an open market transaction.

The crucial resistance for Nifty is now seen at 7660 and above this 7700. Support for the immediate term is now placed at 7590 and next support will be 7560.

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CS ROCKING PERFORMANCE OF THE DAY-12 JUNE 2014

STOCK FUTURES:
FUTURES INTRADAY:
TATA MOTORS DVR FUTURES BUY CALL 3 TG
AUROBINDO PHARMA FUTURES BUY CALL 3 TG
HDFC BANK FUTURES BUY CALL 2 TG
BHARAT FORGE FUTURES BUY CALL 1 TG
BHARTI AIRTEL FUTURES SELL CALL COST EXIT

PREMIUM FUTURES:
TATA MOTORS DVR FUTURES BUY CALL 3 TG

OPTION:
BIOCON 480 CALL BUY CALL 3 TG
DLF 220 CALL BUY CALL 1 TG (BOOKED AT 14.80)
HINDALCO 165 CALL BUY CALL BOOKED AT 9.65

STOCK CASH:
STOCK CASH INTRADY:
BAJAJ CORP LTD BUY CALL 3 TG
AMTEK INDIA BUY CALL 2 TG
JAIN IRRIGATION SELL CALL 2 TG
MONSANTO INDIA BUY CALL SL TRIGGERED

STOCK CASH PREMIUM:
MUTHOOT FINANCE BUY CALL 1 TG

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TOP CORPORATE NEWS-12 JUNE 2014

Jubilant Life rises 7%, ups vitamin B3 product price
Shares of Jubilant Life Sciences, the manufacturer of vitamin B3 (Niacin and Niacinamide), rallied nearly 7 percent to touch a 52-week high of Rs 219.60 after the company has announced a price increase of 9 percent for Niacinamide with immediate effect.

Strides Arcolab stock surges 3%
Shares of Strides Arcolab was higher by 3% on reports that foreign institutional investors have bought nearly 1%stake in pharmaceutical company through open market transactions.

Tata Motors inches up amid volatility
Tata Motors rose 0.54% after the company's British luxury car unit Jaguar Land Rover reported strong growth in retail sales for May 2014.

Bharti Airtel drops after foreign brokerage downgrade
Bharti Airtel lost 2.63% after a foreign brokerage downgraded the stock and reduced its target price citing competition.

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DAILY COMMODITY MARKET STRATEGY-12 JUNE 2014

BASE METAL WRAP: Copper declined for the sixth time in seven sessions in New York as a Chinese probe into financing transactions eroded demand prospects for deals using the metal as collateral.

ENERGY WRAP: West Texas Intermediate extended gains after government data showed crude inventories dropped for a second week in the U.S., the world’s biggest oil consumer. Brent advanced in London.

PRECIOUS METAL WRAP: Gold held near the highest level in two weeks as a rally in equities faltered, boosting demand for alternative investments. Palladium traded below a 13-year high.

GLOBAL EVENTS TO WATCH: Official Cash Rate, RBNZ Monetary Policy Statement, RBNZ Press Conference, RBNZ Rate Statement, Employment Change, Unemployment Rate, Core Retail Sales m/m, Retail Sales m/m, Unemployment Claims, Import Prices m/m, Business Inventories m/m, Natural Gas Storage, BOC Gov Poloz Speaks, 30-y Bond Auction.

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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 RESIST1:2850 RESIST2:2900 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 SUP1:10830 SUP2:10700 RESIST1:11125 RESIST2:11250 TRADING STRATEGY: SELL ON RISE CAPITALSTARS.COM +919200099927
CS GOLD (AUG) OVERVIEW: TREND BEARISH 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 RESIST2:6150 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 BEARISH SUP1:4265 SUP2:4190 RESIST1:4360 RESIST2:4400 TRADING STRATEGY: SELL ON RISE CAPITALSTARS.COM +919200099927

INDIAN EQUITY MARKET OUTLOOK-12 JUNE 2014

INDIAN BENCHMARK have turned flat after making a higher opening post Infosys appointed former SAP executive Vishal Sikka as the CEO and MD of the company. IIP and CPI data will be in focus today.

FURTHER, Ranbaxy Laboratories had filed applications seeking to sell drugs in the US made at its Gurgaon plant, which is not on among those barred by the US Food and Drug Administration. Shares of tea manufacturing companies have seen smart rally on hopes of an upsurge in tea prices amid low productivity.

Trend in FII flows: The FIIs were net buyers of Rs 192cr in the cash segment on Wednesday while the DIIs were net sellers of Rs. 407cr, as per the provisional figures released by the NSE.

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CS ROCKING PERFORMANCE OF THE DAY-11 JUNE 2014

FUTURES INTRADAY:
ARVIND LTD FUTURES BUY CALL 3 TG
RELIANCE CAPITAL FUTURES SELL CALL 3 TG
INFOSYS FUTURES BUY CALL 3 TG
HAVELLS INDIA FUTURES BUY CALL 2 TG
ACC LTD FUTURES SELL CALL 1 TG
VOLTAS LTD FUTURES BUY CALL 1 TG (BOOKED AT 228.50)
TCS FUTURES BUY CALL BOOKED AT 2217

NIFTY FUTURES:
BANK NIFTY FUTURES BUY CALL 2 TG
BANK NIFTY FUTURES SELL CALL 2 TG
NIFTY FUTURES BUY CALL 1 TG

OPTION:
BANK NIFTY 15500 CALL BUY CALL 3 TG
TCS 2150 CALL BUY CALL 2 TG
AUROBINDO PHARMA 680 CALL BUY CALL 2 TG
NIFTY 7700 PUT BUY CALL 1 TG

STOCK CASH INTRADY:
MONNET ISPAT SELL CALL 3 TG
STATE BANK OF MYSORE BUY CALL 2 TG
JAIN IRRIGATION SELL CALL 2 TG
IRB INFRA SELL CALL 1 TG (BOOKED AT 199.20)

STOCK CASH PREMIUM:
JINDAL STEEL SELL CALL 1 TG

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INDIAN EQUITY MARKET WRAP UP-11 JUNE 2014

INDIAN BENCHMARKS retreats after 4-day record run

INDIAN EQUITY BENCHMARKS ended lower after earlier hitting record highs for the fourth straight session on profit taking on disappointing trade deficit data.Trade deficit in May widened to US$11.23bn from US$10.1bn in April.

Further, Tech Mahindra ended higher by 0.5% after the company has entered into a global services alliance agreement with HPS, a Morocco-based provider of solutions to the cards and payments industry. Coal India decided to amend the object clause of its memorandum of association for foraying into the business of producing fertilisers and chemicals using coal gas.

The crucial resistance for Nifty is now seen at 7700 and above this 7730. Support for the immediate term is now placed at 7580 and next support will be 7500.

NEWS TO WATCH:
Watch out for the Indian CPI and IIP data on 12th June 2014.

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TOP CORPORATE NEWS-11 JUNE 2014

Future Retail to raise Rs. 2000 crore
Future Retail’s Board of Directors of the company has approved to raise Rs. 200 crore to reduce debt. At least 75% of the funds will be used for reducing debt.

India’s exports grow 12.4% to $28bn in May
India’s exports rose 12.4% in May over the previous year, the sharpest rise in 6 months helped by a weaker rupee.

RCom drops amid volatility
Reliance Communications lost 0.23% after the company announced the launch of its Next-Gen 3G services in 5 more telecom circles thereby expanding its 3G footprint to 18 circles across the country.

India Cements gearing up for demand pick-up
India Cement is planning to ramp up production, anticipating a demand pick up under the new government at the Centre and state. Cement prices have already gone up in most markets by Rs 20-30 per bag.

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