INDIAN EQUITY MARKET WRAP UP 23rd MAY

INDIAN BENCHMARKS end on a high…Nifty above 7,300.

INDIAN EQUITY BENCHMARKS ended on a high due to strength in banking and oil stocks. HDIL has posted a consolidated net profit after taxes, minority interest and share of profit of associates of Rs. 1775.70 million for the year ended March 31, 2014.

Further, State Bank of India has moved higher by nearly 9%, its highest level since May 2011, after reporting a better-than-expected net profit of Rs 3,041 for the quarter ended March 31, 2014. ITC fourth quarter net profit rising 18 percent year-on-year to Rs 2,276 crore, driven by higher revenue. Net sales grew 11.8 percent to Rs 9,145 crore in the quarter ended March 2014 from Rs 8,180 crore in same quarter last year.

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 Canara Bank,Wock Pharma, Rural Electrification, GAIL India on 26TH May 2014.

http://www.capitalstars.com/stockcash.php

TOP CORPORATE NEWS 23rd MAY 2014

SBI hits three-year high as Q4 profit beats Street
State Bank of India has moved higher by nearly 9%, its highest level since May 2011, after reporting a better-than-expected net profit of Rs 3,041 for the quarter ended March 31, 2014. The asset quality of the bank for the quarter improved on a sequential basis.

RCom gains on deal buzz
Reliance Communications has sored more than 3% in early trades on the buzz that China’s Citic Telecom, listed on the Hong Kong Stock Exchange, is in talks with the company to buy into its undersea cable assets.

ITC Q4 meets forecast, profit jumps 18% to Rs 2,276 cr
ITC fourth quarter net profit rising 18 percent year-on-year to Rs 2,276 crore, driven by higher revenue. Net sales grew 11.8 percent to Rs 9,145 crore in the quarter ended March 2014 from Rs 8,180 crore in same quarter last year.

HDIL Q4 net profit at Rs. 1.5bn
HDIL has posted a consolidated net profit after taxes, minority interest and share of profit of associates of Rs. 1775.70 million for the year ended March 31, 2014 whereas the same was at Rs. 733.30 million for the year ended March 31, 2013.

http://www.capitalstars.com/stockcash.php

INDIAN EQUITY MARKET OUTLOOK 23rd MAY 2014

INDIAN BENCHMARK started the trading session on a higher note tracking firm global cues. Ashok Leyland posted a net profit of Rs 363.39 crore for the quarter ended March 31, 2014 as compared to Rs 150.03 crore.

FURTHER, Reliance Communications has higher more than 3% on report that China’s Citic Telecom, listed on the Hong Kong Stock Exchange, is in talks with the company to buy into its undersea cable assets. JSW Steel is considering the option of importing iron ore in order to prevent any disruption in supplies of the key steelmaking input in the next two months.

Trend in FII flows: The FIIs were net sellers of Rs 294cr in the cash segment on Thursday while the domestic institutional investors (DIIs) were net sellers of Rs. 203cr, as per the provisional figures released by the NSE.

http://www.capitalstars.com/stockcash.php

DAILY COMMODITY MARKET STRATEGY 23rd MAY 2014

BASE METAL WRAP: Copper headed for a third weekly advance, the longest winning streak since February, on improving factory output in China and the U.S., the world’s largest consumers of the metal, amid shrinking stockpiles.

ENERGY WRAP: West Texas Intermediate headed for its third weekly advance as declining U.S. crude stockpiles signaled rising fuel demand in the world’s biggest oil consumer. Brent was steady in London.

PRECIOUS METAL WRAP: Gold traded below $1,300 an ounce, little changed this week, as investors assessed the health of the U.S. economy and the impact on monetary stimulus. Platinum and palladium were poised for a second week of gains.

GLOBAL EVENTS TO WATCH: German Ifo Business Climate, Core CPI m/m, New Home Sales.

http://www.capitalstars.com/bullion.php

AGRI COMMODITY	BULLIONS COMMODITY
CS CHANA (JUNE) OVERVIEW: TREND BEARISH SUP1:2875 SUP2:2760 RESIST1:3035 RESIST2:3090 TRADING STRATEGY: SELL ON RISE CAPITALSTARS.COM +919200099927 +919977499927	CS COPPER (JUNE) OVERVIEW: TREND CONSOLIDATE SUP1: 404 SUP2:400 RESIST1:415 RESIST2:420 TRADING STRATEGY: BUY ON DIPS CAPITALSTARS.COM +919200099927
CS JEERA (JUNE) OVERVIEW: TREND CONSOLIDATE SUP1:10910 SUP2:10760 RESIST1:11465 RESIST2:11670 TRADING STRATEGY: SELL ON RISE CAPITALSTARS.COM +919200099927	CS CRUDE (JUNE) OVERVIEW: TREND CONSOLIDATE SUP1:6045 SUP2:5985 RESIST1:6184 RESIST2:6220 TRADING STRATEGY: BUY ON DIPS CAPITALSTARS.COM +919200099927
CS TURMERIC (JUNE) OVERVIEW: TREND CONSOLIDATE SUP1:6220 SUP2:6070 RESIST1:6710 RESIST2:6852 TRADING STRATEGY: SELL ON RISE CAPITALSTARS.COM +919200099927	CS GOLD (JUNE) OVERVIEW: TREND BEARISH SUP1:26920 SUP2:26240 RESIST1:27860 RESIST2:28300 TRADING STRATEGY: SELL ON RISE CAPITALSTARS.COM +919200099927
CS SOYABEAN (JUNE) OVERVIEW: TREND CONSOLIDATE SUP1:4450 SUP2:4320 RESIST1:4600 RESIST2:4660 TRADING STRATEGY: BUY ON DIPS CAPITALSTARS.COM +919200099927	CS SILVER (JULY) OVERVIEW: TREND CONSOLIDATE SUP1:40500 SUP2:39900 RESIST1:41750 RESIST2:43000 TRADING STRATEGY: SELL ON RISE CAPITALSTARS.COM +919200099927

CS ROCKING PERFORMANCE OF THE DAY 22nd MAY

FUTURES INTRADAY:
DLF FUTURES BUY CALL 3 TG
DLF FUTURES 2ND BUY CALL 3 TG
APOLLO TYRE FUTURES BUY CALL 3 TG
IRB INFRA FUTURES BUY CALL 3 TG
CENTURY TEXTILE FUTURES BUY CALL 3 TG
IBREALEST FUTURES BUY CALL 3 TG
ORIENTAL BANK FUTURES BUY CALL 2 TG
HIND PETRO FUTURES BUY CALL COST EXIT

PREMIUM FUTURES:
SHRI RAM TRANSPORT FUTURES BUY CALL 3 TG
COAL INDIA FUTURES BUY CALL 3 TG (BOOKED AT 403.35)

NIFTY FUTURES:
BANK NIFTY FUTURES BUY CALL 2 TG
NIFTY FUTURES BUY CALL BOOKED AT 7337

OPTION:
DLF 190 CALL BUY CALL 3 TG
APOLLO TYRE 180 CALL BUY CALL 3 TG

OPTION PREMIUM:
DLF 190 CALL BUY CALL 3 TG

STOCK CASH INTRADY:
DLF BUY CALL 3 TG
IBREALEST BUY CALL 3 TG
RURAL ELECTRIFICATION BUY CALL 1 TG
SHRI RAM TRANSPORT FINANCE BUY CALL COST EXIT

STOCK CASH PREMIUM:
IBREALEST BUY CALL 3 TG
DEWAN HSG FINANCE BUY CALL 3 TG

http://www.capitalstars.com/services.php

TOP FIVE BUZZING STOCKS 23rd MAY

DLF
TREND: BULLISH
SUPPORT: 194
RESISTANCE: 226

IBREALEST
TREND: BULLISH
SUPPORT: 90
RESISTANCE: 103

BHARTI AIRTEL
TREND: BEARISH
SUPPORT: 322
RESISTANCE: 341

SHRI RAM TRANSPORT FINANCE
TREND: BULLISH
SUPPORT: 880
RESISTANCE: 960

TITAN
TREND: BEARISH
SUPPORT: 309
RESISTANCE: 353

TOP CORPORATE NEWS 22nd MAY 2014

Motherson Sumi Systems Q4 profit rises 54% to Rs 302.5 cr
Motherson Sumi Systems has reported a 54.5 percent growth in net profit to Rs 302.5 crore in the quarter ended March 2014 on consolidated basis, driven by higher revenue and operational performance. The profit in corresponding quarter of last fiscal was Rs 195.8 crore.

Kalindee Rail declines on merger with Texmaco Rail
Kalindee Rail Nirman is locked at the lower circuit of 10% after the company said its board approved the merger with Texmaco Rail & Engineering.

Jewellery shares rally as RBI eases gold import rules
Jewellery makers have rallied by up to 20% after the Reserve Bank of India eased gold import rules by allowing select trading houses, in addition to already permitted banks, to procure the precious metal to boost exports.

Bajaj Auto extends rally after Egypt lifts import ban
Bajaj Auto is trading higher by 3%, on reports that Egypt government has lifted the ban on imports of two-wheelers and three-wheelers into the country which was in effect since February 2014.

http://www.capitalstars.com/stockcash.php

INDIAN EQUITY MARKET WRAP UP 22nd MAY 2014

INDIAN BENCHMARKS trim gains.
INDIAN EQUITY BENCHMARKS retreated from higher levels but continued to trade in the green zone led by by RIL, ICICI Bank.

Further, IRB Infrastructure Developers Ltd has posted a net profit of Rs. 1092.319 mn for the quarter ended March 31, 2014 as compared to Rs. 1511.374 million for the quarter ended March 31, 2013. Coal India hit their highest level in nearly three years after on speculation that PM-elect Narendra Modi, was exploring breaking up the company and opening up the sector for foreign investment.

The crucial resistance for Nifty is now seen at 7320 and above this 7360. Support for the immediate term is now placed at 7190 and next support will be 7130.

NEWS TO WATCH:

Watch out for the quarterly earnings of HDIL, ITC, Strides Arcolab on 23RD May 2014.

http://www.capitalstars.com/stockcash.php

DAILY COMMODITY MARKET STRATEGY 22nd MAY 2014

BASE METAL WRAP: London copper edged up on Thursday from a nine-day low hit the session before after Federal Reserve meeting minutes reassured markets that discussions around rate hikes were "prudent planning" and not a sign hikes would come any time soon.

ENERGY WRAP: West Texas Intermediate traded near the highest price in more than four weeks after a Chinese manufacturing gauge rose, signaling a stabilizing economy in the world’s second-biggest oil consumer. Brent was steady in London.

PRECIOUS METAL WRAP: Gold fell on Wednesday as the dollar climbed and equities maintained gains after minutes of the U.S. Federal Reserve's last policy meeting showed the central bank began to lay groundwork for an eventual retreat from stimulus but no final decisions were taken. The RBI eased tough gold import rules on Wednesday by allowing seven more private agencies to ship the precious metal.

GLOBAL EVENTS TO WATCH: HSBC Flash Manufacturing PMI, French Flash Manufacturing PMI, German Flash Manufacturing PMI, Second Estimate GDP q/q, Core Retail Sales m/m, Unemployment Claims, Flash Manufacturing PMI, Existing Home Sales, CB Leading Index m/m, Natural Gas Storage.

http://www.capitalstars.com/bullion.php

BULLIONS COMMODITY	AGRI COMMODITY
CS COPPER (JUNE) OVERVIEW: TREND CONSOLIDATE SUP1: 407 SUP2:404 RESIST1:415 RESIST2:420 TRADING STRATEGY: BUY ON DIPS CAPITALSTARS.COM +919200099927	CS CHANA (JUNE) OVERVIEW: TREND BEARISH SUP1:2875 SUP2:2760 RESIST1:3035 RESIST2:3090 TRADING STRATEGY: SELL ON RISE CAPITALSTARS.COM +919200099927 +919977499927
CS CRUDE (JUNE) OVERVIEW: TREND CONSOLIDATE SUP1:6045 SUP2:5985 RESIST1:6184 RESIST2:6220 TRADING STRATEGY: BUY ON DIPS CAPITALSTARS.COM +919200099927	CS JEERA (JUNE) OVERVIEW: TREND CONSOLIDATE SUP1:10910 SUP2:10760 RESIST1:11465 RESIST2:11670 TRADING STRATEGY: SELL ON RISE CAPITALSTARS.COM +919200099927
CS GOLD (JUNE) OVERVIEW: TREND BEARISH SUP1:27000 SUP2:26240 RESIST1:27860 RESIST2:28300 TRADING STRATEGY: SELL ON RISE CAPITALSTARS.COM +919200099927	CS TURMERIC (JUNE) OVERVIEW: TREND CONSOLIDATE SUP1:6220 SUP2:6070 RESIST1:6710 RESIST2:6852 TRADING STRATEGY: SELL ON RISE CAPITALSTARS.COM +919200099927
CS SILVER (JULY) OVERVIEW: TREND CONSOLIDATE SUP1:40500 SUP2:39900 RESIST1:41750 RESIST2:43000 TRADING STRATEGY: SELL ON RISE CAPITALSTARS.COM +919200099927	CS SOYABEAN (JUNE) OVERVIEW: TREND CONSOLIDATE SUP1:4450 SUP2:4320 RESIST1:4600 RESIST2:4660 TRADING STRATEGY: BUY ON DIPS CAPITALSTARS.COM +919200099927

INDIAN EQUITY MARKET OUTLOOK 22nd MAY 2014

INDIAN BENCHMARK open higher tracking their Asian peers and overnight gains on Wall Street. Bata India is planning to invest Rs1bn in store expansion and upgradation this year.

FURTHER, Kalindee Rail is locked at the lower circuit of 10% after the company’s board approved the merger with Texmaco Rail & Engineering. Jindal Steel and Power will seek shareholder approval to raise up to Rs100bn by issuing non-convertible debentures on a private placement basis.

Trend in FII flows: The FIIs were net sellers of Rs 266cr in the cash segment on Wednesday while the domestic institutional investors (DIIs) were net sellers of Rs. 439cr, as per the provisional figures released by the NSE.

http://www.capitalstars.com/stockcash.php

TOP FIVE BUZZING STOCKS 22nd MAY

DLF
TREND: BULLISH
SUPPORT: 180
RESISTANCE: 205

IBREALEST
TREND: BULLISH
SUPPORT: 81
RESISTANCE: 95

CESC
TREND: BULLISH
SUPPORT: 574
RESISTANCE: 613

DISH TV
TREND: BEARISH
SUPPORT: 51
RESISTANCE: 56

GITANJALI GEMS
TREND: BULLISH
SUPPORT: 84
RESISTANCE: 95

CS ROCKING PERFORMANCE OF THE DAY 21st MAY

FUTURES INTRADAY:
IBREALEST FUTURES BUY CALL 3 TG
BHARAT FORG FUTURES BUY CALL 3 TG
CESC FUTURES BUY CALL 3 TG
IRB INFRA FUTURES BUYCALL 3 TG
ZEE LTD FUTURES BUY CALL 2 TG
APOLLO TYRE FUTURES BUY CALL 1 TG
ADANIENT FUTURES SELL CALL EXIT AT 513

PREMIUM FUTURES:
HINDALCO FUTURES BUY CALL 3 TG
DLF FUTURES BUY CALL 1 TG

NIFTY FUTURES:
NIFTY FUTURES SELL CALL 2 TG

OPTION:
IBREALEST 85 CALL BUY CALL 3 TG
DLF 180 CALL BUY CALL 3 TG
HINDALCO 155 CALL BUY CALL 3 TG
HINDALCO 155 CALL 2ND BUY CALL 3 TG
APOLLO TYRE 180 CALL SL TRIGGERED

OPTION PREMIUM:
DLF 180 CALL BUY CALL 1 TG
HINDALCO 155 CALL BUY CALL 1 TG

STOCK CASH INTRADY:
GITANJALI GEMS BUY CALL 3 TG
INDIAN OVERSEAS BANK BUY CALL 2 TG
ZEE LTD BUY CALL 2 TG
MOTHERSON SUMI BUY CALL SL TRIGGERED

STOCK CASH PREMIUM:
IRB INFRA BUY CALL 1 TG (BOOKED AT 186.85)

http://www.capitalstars.com/services.php

INDIAN EQUITY MARKET WRAP UP 21st MAY

INDIAN BENCHMARKS snaps 4-day gains on profit-taking

INDIAN EQUITY BENCHMARKS ended with losses after rebounding form day's lowest levels as investors continued to take profits in cyclicals such as heavyweight banks and capital goods stocks.

Further, Zee Entertainment Enterprises fourth quarter net profit rising 21 percent year-on-year to Rs 217.5 crore on higher revenues and better operational performance. UCO Bank has reported a 5.75 times growth in fourth quarter net profit at Rs 285 crore as against Rs 49.5 crore in same quarter last year.

The crucial resistance for Nifty is now seen at 7290 and above this 7350. Support for the immediate term is now placed at 7130 and next support will be 7060.

NEWS TO WATCH:

Watch out for the quarterly earnings of IRB Infra, Motherson Sumi, Sobha Developers on 22ND May 2014.

http://www.capitalstars.com/stockcash.php