TOP CORPORATE NEWS-15 JULY 2014

ONGC gains on buzz government to mull stake sale

ONGC rose 2.25% on report that the government will decide in August 2014 whether to sell a 5% stake in the company.

NIIT Tech Q1 PAT at Rs432mn
NIIT Technologies Limited announced its financial results for the quarter ended in June 30, 2014 with a revenue increase of 6.6% over the same period last year to 577.6 Crores.

R Power gains after achieving boiler light up for fifth unit of Sasan UMPP
Reliance Power rose 2.48% after the company said that boiler light up has been achieved for its fifth 660 MW unit at the 3,960 MW Sasan ultra mega power project.

TTK Prestige inches up amid volatility after Q1 results
TTK Prestige rose 0.89% after net profit rose 0.07% to Rs 25.81 crore on 9.59% growth in total income to Rs 337.61 crore in Q1 June 2014 over Q1 June 2013.

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CS ROCKING PERFORMANCE OF THE DAY

STOCK FUTURES:

FUTURES INTRADAY:
SYNDICATE BANK FUTURES BUY CALL 3 TG
ALLAHABAD BANK FUTURES SELL CALL 3 TG
RELIANCE CAPITAL FUTURES BUY CALL 3 TG
FEDERAL BANK FUTURES BUY CALL 2 TG
RELIANCE CAPITAL FUTURES SELL CALL 2 TG
UPL LTD FUTURES BUY CALL 2 TG
ADANIENT FUTURES SELL CALL 1 TG
SYNDICATE BANK FUTURES BUY CALL 1 TG (BOOKED AT 155.25)
ADANIPORT FUTURES BUY CALL COST EXIT

PREMIUM FUTURES:
SESA STERLITE FUTURES SELL CALL 1 TG (BOOKED AT 280.85)

NIFTY FUTURES:
BANK NIFTY FUTURES BUY CALL 3 TG
NIFTY FUTURES SELL CALL 2 TG(BOOKED AT 7467)

OPTION:
BHEL230 CALL BUY CALL 3 TG
FEDERAL BANK 120 CALL BUY CALL 3 TG
BANK NIFTY 14500 CALL BUY CALL 3 TG

STOCK CASH:

STOCK CASH INTRADAY:
ALLAHABAD BANK SELL CALL 2 TG
ADANIPORT BUY CALL 2 TG
RURAL ELECTRIFICATION SELL CALL 1 TG
DRREDDY SELL CALL SL TRIGGERED

STOCK CASH PREMIUM:
FEDERAL BANK BUY CALL 1 TG
AUROBINDO PHARMA BUY CALL 3 TG (BOOKED AT 727.90)

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INDIAN EQUITY MARKET WRAP UP-15 JULY 2014

INDIAN BENCHMARKS ends higher led by rate sensitive shares

INDIAN EQUITY BENCHMARKS surged in late trades, snapping their five-day losing streak, led by rate sensitive shares on hopes that easing inflation may give central bank the much needed comfort to cut key policy rates.

Further, Piramal Enterprises fell nearly 10% after the stock turned ex-dividend today for a dividend of Rs 52.50 per share.

TVS Motor Company gained 3.9%, extending its previous day’s rally, after the company's market share rose to 12.6% from 12.1% in June quarter, first time in two years.

The crucial resistance for Nifty is now seen at 7545 and above this 7625.Support for the immediate term is now placed at 7455 and next support will be 7420.

NEWS TO WATCH:

Watch out Quarterly Earnings of Kotak bank, South Indian bank, Federal bank, Bajaj Finance on 16th July 2014.

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DAILY COMMODITY MARKET STRATEGY-15 JULY 2014

BASE METAL WRAP: Copper futures ended lower on Monday as steep losses in gold and coming Chinese economic data unnerved some traders. Rising stocks deter investors from betting copper higher.

ENERGY WRAP: West Texas Intermediate crude traded near the lowest price in two months before inventory data that may signal the strength of fuel demand in the U.S., the world’s biggest oil consumer. Brent was steady in London. Twelve weeks of above-average gains in U.S. natural gas supply are easing concern over winter fuel shortages and spurring speculators to cut their bets on rising prices.

PRECIOUS METAL WRAP: Gold held above a one-month low on speculation the biggest decline this year may spur demand as holdings in the largest exchange-traded product backed by the metal expanded to the highest level since April.

GLOBAL EVENTS TO WATCH: Monetary Policy Meeting Minutes, Foreign Direct Investment ytd/y, New Loans, M2 Money Supply y/y, Monetary Policy Statement, BOJ Press Conference, CPI y/y, German ZEW Economic Sentiment, BOE Gov Carney Speaks, Core Retail Sales m/m, Retail Sales m/m, Empire State Manufacturing Index, Import Prices m/m, Fed Chair Yellen Testifies, Business Inventories m/m.

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BULLIONS COMMODITY	AGRI COMMODITY
CS COPPER (AUG) OVERVIEW: TREND CONSOLIDATE SUP1:430 SUP2:428 RESIST1:437 RESIST2:440 TRADING STRATEGY: SELL ON RISE CAPITALSTARS.COM +919200099927	CS CHANA (AUGUST) OVERVIEW: TREND CONSOLIDATE SUP1:2820 SUP2:2740 RESIST1:2925 RESIST2:3020 TRADING STRATEGY: SELL ON RISE CAPITALSTARS.COM +919200099927 +919977499927
CS CRUDE (JULY) OVERVIEW: TREND BEARISH SUP1:6010 SUP2:5950 RESIST1:6151 RESIST2:6205 TRADING STRATEGY: SELL ON RISE CAPITALSTARS.COM +919200099927	CS JEERA (AUGUST) OVERVIEW: TREND CONSOLIDATE SUP1:11400 SUP2:11250 RESIST1:11850 RESIST2:12100 TRADING STRATEGY: BUY ON DIPS CAPITALSTARS.COM +919200099927
CS GOLD (AUG) OVERVIEW: TREND CONSOLIDATE SUP1:27600 SUP2:27300 RESIST1:28250 RESIST2:28600 TRADING STRATEGY: SELL ON RISE CAPITALSTARS.COM +919200099927	CS TURMERIC (AUGUST) OVERVIEW: TREND CONSOLIDATE SUP1:6316 SUP2:6164 RESIST1:6830 RESIST2:7000 TRADING STRATEGY: BUY ON DIPS CAPITALSTARS.COM +919200099927
CS SILVER (SEPTEMBER) OVERVIEW: TREND CONSOLIDATE SUP1:44280 SUP2:43900 RESIST1:45350 RESIST2:45980 TRADING STRATEGY: SELL ON RISE CAPITALSTARS.COM +919200099927	CS SOYABEAN (OCTOBER) OVERVIEW: TREND CONSOLIDATE SUP1:3660 SUP2:3590 RESIST1:3780 RESIST2:3870 TRADING STRATEGY: SELL ON RISE CAPITALSTARS.COM +919200099927

INDIAN EQUITY MARKET OUTLOOK-15 JULY 2014

INDIAN BENCHMARK have opened on a firm note tracking strong global cues. In addition, easing of WPI & CPI inflation data and advancement of monsoons boosted the sentiments of the market participants.  The CPI data stood at 7.31% in June as against 8.28% on month-on-month.

FURTHER, United Spirits has inked a pact to buy JP Impex Incorp's Karnataka-based assets including plant and machinery for Rs 11.5 crore, enhancing its liquor manufacturing capacity in the state. Tata Sponge Iron has surged 8% after reporting an over two-fold jump in standalone net profit at Rs 44 crore for the first quarter ended June 30, 2014.

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. 331cr, as per the provisional figures released by the NSE.

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INDIAN EQUITY MARKET WRAP UP-14 JULY 2014

INDIAN BENCHMARKS ends flat despite fall in June inflation.

INDIAN EQUITY BENCHMARKS ended a volatile session on a flat note, with a negative bias, amid profit taking in IT major Infosys post its first quarter earnings last week. Also, investor sentiments were dampened after foreign institutional investors sold Indian shares worth 7.23 billion rupees ($120.60 million) on Friday.

Further, the wholesale price index (WPI)-based inflation fell to a four-month low of 5.43% in June against 6.01% in the previous month as the rate of food price rise declined.

Government has imposes additional penalty of $579 mn on RIL for KG-D6 output lagging target. The total penalty on RIL for producing less than target stands at US$2.376 bn.

The crucial resistance for Nifty is now seen at 7478 and above this 7530.Support for the immediate term is now placed at 7420 and next support will be 7360.

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TOP CORPORATE NEWS-14 JULY 2014

Gems and jewellery stocks extend fall post budget
Gems and jewellery stocks are continued under pressure third day in a row falling by up to 17% after the government kept gold import duty unchanged at a record 10% in the budget.

WPI inflation eases to 4-month low of 5.43% in June
WPI inflation eased to a four-month low of 5.43% in June from 6.01% last month. Food articles inflation at 8.14% vs 9.50% mom, Manufactured products inflation at 3.61% vs 3.55% mom, Fuel and power group inflation at 9.04% vs 10.53% mom, Primary articles inflation at 6.84 vs 8.58% mom.

Tata Power seeks shareholders nod to raise Rs70bn
Tata Power is seeking shareholders nod to raise up to Rs 7,000 crore through issue of non-convertible debentures. The company has proposed increasing its borrowing limit to Rs 27,000 crore.

Titan declines on buzz jewellery unit closes gold deposit schemes
Titan Company lost 2.54% on reports that the company's jewellery unit, Tanishq had closed two gold deposit schemes. Tanishq said it would close the deposit schemes due to changes to rules governing the sale of deposits under the Companies Act passed last year.

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DAILY COMMODITY MARKET STRATEGY-14 JULY 2014

BASE METAL WRAP: 

London copper was marking time on Monday following four weeks of gains driven by tightening supply, with summer holidays in the northern hemisphere muting trade.

ENERGY WRAP: 

Brent crude traded near the lowest price in three months as Libya’s oil output continued to increase, easing the threat of supply disruptions from the Middle East. West Texas Intermediate was steady in New York.

PRECIOUS METAL WRAP: 

Gold dropped from a four-month high as investors weighed signs that the rally may be excessive after six weeks of gains and Goldman Sachs Group Inc. restated a forecast for lower prices. Silver, platinum and palladium fell.

GLOBAL EVENTS TO WATCH: 

Industrial Production m/m, ECB President Draghi Speaks.

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BULLIONS COMMODITY	AGRI COMMODITY
CS COPPER (AUG) OVERVIEW: TREND CONSOLIDATE SUP1:433 SUP2:430 RESIST1:439 RESIST2:443 TRADING STRATEGY: BUY ON DIPS CAPITALSTARS.COM +919200099927	CS CHANA (AUGUST) OVERVIEW: TREND CONSOLIDATE SUP1:2740 SUP2:2695 RESIST1:2925 RESIST2:3020 TRADING STRATEGY: SELL ON RISE CAPITALSTARS.COM +919200099927 +919977499927
CS CRUDE (JULY) OVERVIEW: TREND BEARISH SUP1:6010 SUP2:5950 RESIST1:6151 RESIST2:6205 TRADING STRATEGY: SELL ON RISE CAPITALSTARS.COM +919200099927	CS JEERA (AUGUST) OVERVIEW: TREND CONSOLIDATE SUP1:11400 SUP2:11250 RESIST1:11820 RESIST2:12100 TRADING STRATEGY: BUY ON DIPS CAPITALSTARS.COM +919200099927
CS GOLD (AUG) OVERVIEW: TREND CONSOLIDATE SUP1:28100 SUP2:27940 RESIST1:28600 RESIST2:28850 TRADING STRATEGY: BUY ON DIPS CAPITALSTARS.COM +919200099927	CS TURMERIC (AUGUST) OVERVIEW: TREND CONSOLIDATE SUP1:6316 SUP2:6164 RESIST1:6660 RESIST2:6830 TRADING STRATEGY: BUY ON DIPS CAPITALSTARS.COM +919200099927
CS SILVER (SEPTEMBER) OVERVIEW: TREND CONSOLIDATE SUP1:45100 SUP2:44280 RESIST1:46400 RESIST2:47300 TRADING STRATEGY: BUY ON DIPS CAPITALSTARS.COM +919200099927	CS SOYABEAN (OCTOBER) OVERVIEW: TREND CONSOLIDATE SUP1:3660 SUP2:3590 RESIST1:3780 RESIST2:3870 TRADING STRATEGY: SELL ON RISE CAPITALSTARS.COM +919200099927

INDIAN EQUITY MARKET OUTLOOK-14 JULY 2014

INDIAN BENCHMARK open on a flat note tracking mixed global cues. In addition, WPI and CPI numbers which are due to be released today will be keenly watched by the market participants.

FURTHER, Polaris Financial Technology is likely to remain in focus after Orbitech Limited sold 6,16,400 shares of  Polaris at Rs 226.93. Tata Steel fell 0.78% on turning ex-dividend today, 14 July 2014, for dividend of Rs 10 per share for the year ended 31 March 2014.

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. 44cr, as per the provisional figures released by the NSE.

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WEEKLY EQUITY MARKET REPORT-07 JULY TO 12 JULY 2014

DALAL STREET FACE
 

INDIAN BENCHMARKS ended at all time closing high. Improvement in the ongoing monsoon season, strength in the Indian rupee against the US Dollar and declining crude oil prices lifted the markets to close at fresh closing highs.

Jain Irrigation has been issued a letter of intent of project by Himachal Pradesh government involving an outlay of Rs 97.52 crore. Ranbaxy Laboratories has gained its highest level since November 2012 after USFDA granted approval to Ranbaxy's subsidiary Ohm Laboratories to manufacture and sell generic Diovan in the US.

The INDIAN BENCHMARKS SENSEX ended 138 point up at 25962 and the 50-share NIFTY closed 36 point up at 7751.


GLOBAL MARKET CHASE

ASIAN STOCKS rose to a three-year peak, though the dollar inched away from overnight highs hit on U.S. jobs data which underscored the strength of the economic recovery.

U.S. STOCKS gains after June jobs report were stronger than expected.

EUROPEAN STOCKS held steady in quiet trade, after strong gains were posted on Thursday following comments by European Central Bank President Mario Draghi


WEEK AHEAD

INDIAN INDICES are likely to trade firm near their all-time highs in the eventful and most significant week ahead.

The Budget session of the Parliament will commence on Monday, July 07, 2014. On Tuesday, July 08, 2014, Railway Minister Sadananda Gowda will table the Railway Budget 2014-15.

The Finance Ministry will release the Economic Survey on Wednesday, July 09, 2014 and the Finance Minister Arun Jaitley will present the Union Budget 2014-15 on Thursday, July 10, 2014.

State-owned companies will be in focus if the government hikes the target from partial stake sale in PSUs while infrastructure stocks will see some action in case of higher allocation.

Infosys will be in focus as the IT majors kicks off the first quarter earnings season on Friday.

Further, the government will also release industrial production data for May 2014 on July 11, 2014.


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INDIAN EQUITY MARKET WRAP UP-11 JULY 2014

INDIAN BENCHMARKS end at 5- week low…Broader markets crash

INDIAN EQUITY BENCHMARKS ended at 5-week closing low dragged by heavy profit booking even investors sought the safety of defensive shares. Market fell after government said that General Anti-Avoidance Rules (GAAR) will be applicable from April 1, 2015. Market was hoping the government would defer GAAR to 2017.

Further, Banking shares mainly PSUs fell for seventh straight session, touching over one-month low as the government has decided to reduce its stake in the public sector banks.

Jain Irrigation Systems saw selling pressure on a 21 percent reduction in overall subsidy under National Mission on Sustainable Agriculture by Finance Minister Arun Jaitley in maiden Union Budget 2014-15.

The crucial resistance for Nifty is now seen at 7625 and above this 7730. Support for the immediate term is now placed at 7440 and next support will be 7360.

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CS ROCKING PERFORMANCE OF THE DAY

STOCK FUTURES:

FUTURES INTRADAY:
UNION BANK FUTURES SELL CALL 3 TG
ADANIENT FUTURES SELL CALL 3 TG
ALLAHABAD BANK FUTURES SELL CALL 3 TG
RANBAXY FUTURES BUY CALL 2 TG
CESC FUTURES SELL CALL 1 TG

PREMIUM FUTURES:
VOLTAS LTD FUTURES SELL CALL 3 TG
CROMPTON GREAVES FUTURES SELL CALL 3 TG

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

OPTION:
TATA STEEL 510 PUT BUY CALL 3 TG
ADANIPORT 260 PUT BUY CALL 2 TG
BHEL 240 PUT BUY CALL 1 TG

OPTION PREMIUM:
BHEL 240 PUT BUY CALL 3 TG

STOCK CASH:

STOCK CASH INTRADAY:
SYNDICATE BANK SELL CALL 3 TG
VOLTAS LTD SELL CALL 3 TG
RELIANCE CAPITAL SELL CALL 2 TG
ALLAHABAD BANK SELL CALL 1 TG

STOCK CASH PREMIUM:
CESC LTD SELL CALL 3 TG
ORIENTAL BANK SELL CALL 2 TG
GLENMARK PHARMA SELL CALL 1 TG
POLARIS FINANCIAL SELL CALL COST EXIT

For more details call us to: 0731-6669900,6790000
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TOP CORPORATE NEWS-11 JULY 2014

Kotak Mahindra Bank up 2%, RBI allows FIIs to buy shares
Shares of Kotak Mahindra Bank gained as much as 1.77 percent after the Reserve Bank of India allowed FIIs to buy shares of the bank through primary market and stock exchanges.

Infosys Q1 net falls 3.5%, FY15 $ revenue to grow 7-9%
Infosys has reported a consolidated net profit of Rs 2,886 crore in April-June quarter, degrowth of 3.5 percent compared to Rs 2,992 crore in previous quarter. Year-on-year growth in profit was 21.6 percent.

Sun Pharma recalls antidepressant drug from US market
Sun Pharma has initiated recall of some lots of Venlafaxine Hydrochloride extended-release tablets from the US market. According to a notification by the FDA, the recall of 26,530 units of 30-count bottles and 14,597 units of 90-count bottles is voluntarily initiated by the company through a letter to the regulator last month under 'Class-II' classification.

Polaris slumps as key shareholder cuts stake
Polaris Financial Technology tumbled 7.17%, after the company's second largest shareholder trimmed its stake on Thursday, 10 July 2014.

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