INDIAN EQUITY MARKET WRAP UP-31 january

                                            

INDIAN BENCHMARKS crawls back to life, breaks 5-day fall

INDIAN BENCHMARKS close marginally higher after slipping to 2-month-lows on yesterday after US Federal Reserve stepped on the gas to taper its monthly-bond buying program. Fiscal deficit in the first three quarters of the current fiscal year ending March touched 95.2% of the budgeted target for the whole year. The fiscal deficit touched Rs 5.16 trn during April-December as against 78.8% a year ago.

Further, Punjab National Bank reported 42 percent degrowth (higher-than-expected) in net profit in the third quarter year-on-year, but the asset quality of the bank improved sequentially. Syndicate Bank 's third quarter net profit fell 25.2 percent year-on-year to Rs 380 crore on low net interest income but asset quality was stable.

The crucial resistance for Nifty is now seen at 6175 and above this 6200. Support for the immediate term is now placed at 6030 and next support will be 5970.

TOP CORPORATE NEWS-31 january

TOP CORPORATE NEWS

·        PNB Q3 net falls 42% to Rs 755 cr but asset quality better

Punjab National Bank reported 42 percent degrowth (higher-than-expected) in net profit in the third quarter year-on-year, but the asset quality of the bank improved sequentially. Net profit fell to Rs 755.41 crore from Rs 1,305.62 crore on account of higher provisions and tax expenses, and lowers other income.

·        Syndicate Bank Q3 profit slips 25%, asset quality stable

Syndicate Bank's third quarter net profit fell 25.2 percent year-on-year to Rs 380 crore on low net interest income but asset quality was stable.  Operating profit of the bank declined 6.71 percent on yearly basis to Rs 806 crore during December quarter as the net interest income during the quarter is less by Rs 52 crore.

·        IRB Infrastructure Q3 net profit at Rs1085.218 mn

IRB Infrastructure Developers Ltd has posted a net profit after taxes and Minority Interest of Rs. 1085.218 mn for the quarter ended December 31, 2013 as compared to Rs. 1427.194 mn for the quarter ended December 31, 2012. Total Income has decreased from Rs. 9465.741 million for the quarter ended December 31, 2012 to Rs. 9059.098 million for the quarter ended December 31, 2013.

·        Arvind Q3 net profit up 36%

Arvind Limited posted strong revenue growth of 26% to Rs. 1774 crores and Net Profit After Tax growth of 36% to Rs. 102 crores for the quarter ending 31 December 2013, as against Revenue of Rs. 1405 crores and Net Profit After tax of Rs. 75 crores for the same quarter last year, that ended on 31 December 2012.

·        Colgate-Palmolive Q4 net sales at $4,361 mn

Colgate-Palmolive Company reported worldwide Net sales of $4,361 million in fourth quarter 2013, an increase of 2.0% versus fourth quarter 2012. Global unit volume grew 6.5%, pricing was even with the year ago quarter and foreign exchange was negative 4.5%. 

INDIAN EQUITY MARKET OUTLOOK-31 january

INDIAN BENCHMARK are set for a flat start on subdued  global and emerging markets cues. Fiscal deficit numbers for December will be announced today. CPI for industrial workers for December, by Labour Bureau is expected. Core sector growth for December, by commerce ministry will also be watched.

FURTHER, State Bank of India had raised Rs. 80.32bn by way of qualified institutional placement, which would boost its capital adequacy ratio to 12.81%. Ranbaxy has hinted at the possibility of sabotage by disgruntled employees at its facility in Toansa, Punjab, which has been blacklisted by the US FDA.

Trend in FII flows: The FIIs were net sellers of Rs.430cr in the cash segment on Thursday while the domestic institutional investors (DIIs) were net buyers of Rs. 132cr, as per the provisional figures released by the NSE.

DAILY COMMODITY MARKET STRATEGY-31 january

BASE METAL WRAP: Copper futures fell to a seven-week low on Thursday, after data confirmed a contraction in China’s manufacturing sector and following the Federal Reserve’s decision to taper its monthly bond-buying program by USD10 billion for the second consecutive meeting.

ENERGY WRAP: West Texas Intermediate crude traded near the highest price this year, heading for a third weekly gain, as increased spending by U.S. consumers boosted the economy of the world’s biggest oil user. Natural gas extended its biggest decline in more than four years amid forecasts for milder weather in the U.S.

PRECIOUS METAL WRAP: Gold headed for the first weekly loss since December as signs of faster U.S. economic growth increased bets that the Federal Reserve will keep cutting stimulus and a decline in emerging markets eased.

GLOBAL EVENTS TO WATCH: Trade Balance, RBNZ Gov Wheeler Speaks, PPI q/q, CPI Flash Estimate y/y, GDP m/m, Core PCE Price Index m/m, Employment Cost Index q/q, Personal Spending m/m, Personal Income m/m, Chicago PMI, Revised UoM Consumer Sentiment, Revised UoM Inflation Expectations, FOMC Member Fisher Speaks.

COMMODITY	Agri COMMODITY
CS COPPER (FEB.) OVERVIEW: TREND CONSOLIDATE SUP1:445 SUP2:443 RESIST1:450 RESIST2:454 TRADING STRATEGY: SELL ON RISE CAPITALSTARS.COM +919200099927	CS CHANA (FEB.) OVERVIEW: TREND BEARISH SUP1:2850 SUP2:2790 RESIST1:2970 RESIST2:3030 TRADING STRATEGY: SELL ON RISE CAPITALSTARS.COM +919200099927 +919977499927
CS CRUDE (FEB.) OVERVIEW: TREND CONSOLIDATE SUP1:6070 SUP2:6040 RESIST1:6200 RESIST2:6272 TRADING STRATEGY: BUY ON DIPS CAPITALSTARS.COM +919200099927	CS JEERA (MARCH) OVERVIEW: TREND BEARISH SUP1:12050 SUP2:11900 RESIST1:12270 RESIST2:12480 TRADING STRATEGY: SELL ON RISE CAPITALSTAR0S.COM +919200099927
CS GOLD (FEB.) OVERVIEW: TREND CONSOLIDATE SUP1:29250 SUP2:28965 RESIST1:29850 RESIST2:29985 TRADING STRATEGY: SELL ON RISE CAPITALSTARS.COM +919200099927	CS TURMERIC (APRIL) OVERVIEW: TREND BULLISH SUP1:7200 SUP2:6950 RESIST1:7650 RESIST2:7710 TRADING STRATEGY: BUY ON DIPS CAPITALSTARS.COM +919200099927
CS SILVER (MARCH) OVERVIEW: TREND CONSOLIDATE SUP1:42400 SUP2:42000 RESIST1:43860 RESIST2:44500 TRADING STRATEGY: SELL ON RISE CAPITALSTARS.COM +919200099927	CS SOYABEAN (FEB.) OVERVIEW: TREND CONSOLIDATE SUP1:3785 SUP2:3715 RESIST1:3915 RESIST2:3950 TRADING STRATEGY: BUY ON DIPS CAPITALSTARS.COM +919200099927

TOP ROCKING PERFORMANCE OF THE DAY-30 january

CS CALL: SELL UNITED SPIRITS FUTURE BELOW 2507 TGT 2495, 2479, 2459 SL 2537, TARGET ACHIEVED: 3

CS CALL:BUY AUROBINDO FUTURES ABOVE 447.50 TARGET 448.50,449.50,451 SL 445.95 TARGET ACHIEVED: 3

CS CALL: SELL BANK OF INDIA FUTURES BELOW 195.25 TARGET 194.40,193.50,192 SL 196.45 TARGET ACHIEVED: 3

CS CALL: BUY UNITED SPIRITS 2500 PUT ABOVE 50 TGT 56, 64, 76 SL 35, TARGET ACHIEVED: 3

CS CALL: SELL SSLT BELOW 189 TGT 188, 186.50, 184.50 SL 191 TARGET ACHIEVED: 3

TOP FIVE BUZZING STOCKS -31 january

CROMPTON GREAVES TREND: BULLISH SUPPORT: 101 RESISTANCE: 117

VOLTAS TREND: BULLISH SUPPORT: 97 RESISTANCE: 111

BANK OF INDIA TREND: BEARISH SUPPORT: 173 RESISTANCE: 206

ORIENTAL BANK TREND: BEARISH SUPPORT: 152 RESISTANCE: 175

UNITED SPIRITS TREND: BEARISH SUPPORT: 2320 RESISTANCE: 2600

INDIAN EQUITY MARKET WRAP UP-30 january

INDIAN BENCHMARKS drag fifth straight day on weak global cues

INDIAN BENCHMARKS ended lower for fifth straight day after further tapering by the US Fed led to a sell-off in emerging markets on concerns that foreign fund inflows would slowdown going forward. Further, expiry of January derivative contracts also weighed.

Further, Arvind reported 35.5 percent (year-on-year) growth in third quarter consolidated net profit driven by higher revenues in textile and retail segments. Hero MotoCorp has the third quarter net profit growing 7.5 percent, less-than-expected, to Rs 524.6 crore compared to same quarter last year. Higher raw material cost, tax expenses and advertisement spends dented profitability.

The crucial resistance for Nifty is now seen at 6175 and above this 6200. Support for the immediate term is now placed at 6030 and next support will be 5970.

News to watch:

·         Watch out for the quarterly earnings of Canara Bank, IDFC, Oriental Bank, PNB, Union Bank on 31 ^st  Jan. 

TOP CORPORATE NEWS-30 january

TOP CORPORATE NEWS

·        Crompton Greaves gains post Q3 result

Crompton Greaves is higher by 4% after consolidated net profit at Rs 62 crore for the third quarter ended December 31, 2013 (Q3), on back of higher sales. The company had recorded loss of Rs 189 crore in the same quarter year ago.

·         Tata Global Beverages Q3 net profit at Rs1195.50 mn

Tata Global Beverages Ltd has posted a consolidated net profit of Rs. 1195.50 mn for the quarter ended December 31, 2013 as compared to Rs. 802.60 million for the quarter ended December 31, 2012. Total Income has increased from Rs. 19286.60 mn for the quarter ended December 31, 2012 to Rs. 20956.90 mn for the quarter ended December 31, 2013

·        Titan tumbles after weak Q3 earnings

Titan Company lost 5.01% as net profit declined 18.8% to Rs 165.57 crore on 11.12% decline in total income to Rs 2701.84 crore in Q3 December 2013 over Q3 December 2012.

·        HDFC puts Hirco's Chennai township on block

HDFC has put Hirco Plc's township at Chennai on block to recover its dues of 539.86 crore. Reserve price for the property is spread over 158 acres in Kancheepuram on the outskirts of Chennai. The e-auction for the property will be conducted on March 3, 2014.

·        Havells Q3 net up 28% to Rs 121.47 cr

Havells India reported a 28.32 percent increase in its standalone net profit to Rs 121.47 crore for the third quarter ended December 31, 2013. The company had posted a standalone net profit of Rs 94.66crore for the same period of the previous fiscal.

DAILY COMMODITY MARKET STRATEGY-30 january

BASE METAL WRAP: Copper futures fell, capping the longest slump in 15 months, on speculation that rising borrowing costs in emerging markets will damp economic growth, eroding demand for industrial metals.

ENERGY WRAP: Natural gas is poised for its biggest monthly gain in more than four years, with frigid weather forecast to pull down U.S. stockpiles. West Texas Intermediate rose, trimming the biggest monthly decline for January since 2010, as demand for distillate fuel countered a second weekly increase in U.S. crude stockpiles.

PRECIOUS METAL WRAP: Gold held the biggest advance in a week on concern that a rout in emerging-market assets may deepen, fueling demand for a haven as the U.S. Federal Reserve further reduced the pace of asset purchases.

GLOBAL EVENTS TO WATCH: FOMC Statement, Official Cash Rate, RBNZ Rate Statement, Advance GDP q/q, Unemployment Claims, Advance GDP Price Index q/q, Pending Home Sales m/m, Natural Gas Storage.

Agri COMMODITY	COMMODITY
CS CHANA (FEB.) OVERVIEW: TREND CONSOLIDATE SUP1:2850 SUP2:2790 RESIST1:2970 RESIST2:3030 TRADING STRATEGY: SELL ON RISE CAPITALSTARS.COM +919200099927 +919977499927	CS COPPER (FEB.) OVERVIEW: TREND CONSOLIDATE SUP1:445 SUP2:443 RESIST1:454 RESIST2:462 TRADING STRATEGY: SELL ON RISE CAPITALSTARS.COM +919200099927
CS JEERA (MARCH) OVERVIEW: TREND CONSOLIDATE SUP1:12270 SUP2:12180 RESIST1:12480 RESIST2:12560 TRADING STRATEGY: BUY ON DIPS CAPITALSTAR0S.COM +919200099927	CS CRUDE (FEB.) OVERVIEW: TREND CONSOLIDATE SUP1:6040 SUP2:6000 RESIST1:6174 RESIST2:6272 TRADING STRATEGY: BUY ON DIPS CAPITALSTARS.COM +919200099927
CS TURMERIC (APRIL) OVERVIEW: TREND BULLISH SUP1:7200 SUP2:6950 RESIST1:7650 RESIST2:7710 TRADING STRATEGY: BUY ON DIPS CAPITALSTARS.COM +919200099927	CS GOLD (FEB.) OVERVIEW: TREND CONSOLIDATE SUP1:29450 SUP2:28350 RESIST1:29850 RESIST2:29985 TRADING STRATEGY: SELL ON RISE CAPITALSTARS.COM +919200099927
CS SOYABEAN (FEB.) OVERVIEW: TREND CONSOLIDATE SUP1:3785 SUP2:3715 RESIST1:3915 RESIST2:3950 TRADING STRATEGY: BUY ON DIPS CAPITALSTARS.COM +919200099927	CS SILVER (MARCH) OVERVIEW: TREND CONSOLIDATE SUP1:43560 SUP2:42430 RESIST1:45150 RESIST2:45650 TRADING STRATEGY: SELL ON RISE CAPITALSTARS.COM +919200099927

INDIAN EQUITY MARKET OUTLOOK-30 january

INDIAN BENCHMARK opening following weak global cues after the Federal Reserve announced another $10 billion cut in its monthly bond purchases. Also, volatility is likely to be the order of the day ahead of January F&O expiry due today.

 FURTHER, Crompton Greaves is trading higher by 4% after reporting a consolidated net profit at Rs 62 crore for the third quarter ended December 31, 2013 (Q3), on back of higher sales. The company had recorded loss of Rs 189 crore in the same quarter year ago. Gail Ltd reported a net profit of Rs. 16.79 bn for the quarter ended December 31, 2013 as compared to Rs. 12.85 bn for the quarter ended December 31, 2012.

Trend in FII flows: The FIIs were net buyers of Rs.250cr in the cash segment on Wednesday while the domestic institutional investors (DIIs) were net buyers of Rs. 16cr, as per the provisional figures released by the NSE.

TOP ROCKING PERFORMANCE OF THE DAY-29 january

CS CALL:BUY HAVELLS INDIA FUTURE ABOVE 771 TGT 774,780, 786 SL 763, TARGET ACHIEVED: 3

CS CALL: BUY BPCL FUTURE ABOVE 351 TGT 352.50, 354.50,357 SL 347 TARGET ACHIEVED: 3

CS PREMIUM CALL: BUY AUROBINDO PHARMA 430 CALL ABOVE 12 TGT 13, 15, 17 SL 10.50 TARGET ACHIEVED: 3

CS CALL: BUY AUROBINDO PHARMA 430 CALL ABOVE 10 TGT 10.40, 10.90, 11.70 SL TARGET ACHIEVED: 3

CS CALL: BUY BPCL 350 CALL ABOVE 4.70 TGT 5.50, 6.50, 8 SL 2.50 TARGET ACHIEVED: 3

TOP FIVE BUZZING STOCKS -30 january

HAVELLS TREND: BULLISH SUPPORT: 720 RESISTANCE: 788

ICICI BANK TREND: BEARISH SUPPORT: 978 RESISTANCE: 1040

BPCL TREND: BULLISH SUPPORT: 340 RESISTANCE: 368

SESA STERLITE TREND: BEARISH SUPPORT: 189 RESISTANCE: 203

BHARTI AIRTEL TREND: BEARISH SUPPORT: 294 RESISTANCE: 314

INDIAN EQUITY MARKET WRAP UP-29 january

INDIAN BENCHMARKS ends flat amid volatility

INDIAN BENCHMARKS ended flat ahead of January F&O contracts expire tomorrow. Markets closed flat with a slight negative bias after a volatile session that saw key benchmark indices move in a narrow range.

Further, ICICI Bank reported stable numbers in the third quarter with the net profit growing 12.5 percent to Rs 2,532.2 crore compared to a year ago period, supported by higher net interest income and non interest income. Ranbaxy Laboratories was up 2%  after Global drug regulators are evaluating details of the US Food and Drug Administration's (USFDA) inspection of Ranbaxy Labs plant at Toansa in Punjab.

The crucial resistance for Nifty is now seen at 6188 and above this 6220. Support for the immediate term is now placed at 6085 and next support will be 6030.

 News to watch:

·         Watch out for the quarterly earnings of Arvind, Bank of India, Voltas on 30^th jan. 

TOP CORPORATE NEWS-29 january

TOP CORPORATE NEWS

·        Bharti Airtel Q3 net up 4.5%, hit by tax provision

Bharti Airtel reported 4.55 percent growth in third quarter net profit quarter-on-quarter, impacted by exceptional loss on tax provisions. Year-on-year growth in profit was 115 percent.

·        RBI credit Policy: Repo rate up by 25 bps to 8%, CRR intact

In its third quarter review of monetary policy, the Reserve Bank of India (RBI) hiked repo rate by 25 basis points to 8 percent. The reverse repo rate now stands adjusted at 7 percent, while the marginal standing facility (MSF) rate and the Bank Rate at 9 percent. Cash Reserve Ratio or CRR has been left unchanged at 4 percent.

·        Maruti Q3 beats forecast, net up 1.6%; to expand in Gujarat

Maruti Suzuki   surpassed street expectations with the third quarter net profit rising 36 percent year-on-year, driven by strong operational performance, higher localisation and favourable forex. Quarter-on-quarter growth was 1.6 percent.

·        NTPC Q3 net profit at Rs28612.80mn

NTPC Ltd has posted a net profit of Rs. 28612.80 mn for the quarter ended December 31, 2013 as compared to Rs. 25967.60 million for the quarter ended December 31, 2012. Total Income has increased from Rs. 165410.40 mn for the quarter ended December 31, 2012 to Rs. 195540.70 million for the quarter ended December 31, 2013.

DAILY COMMODITY MARKET STRATEGY

BASE METAL WRAP: Copper futures slipped for a fifth straight session as buying slowed in China ahead of the Lunar New Year and investors awaited the outcome of a two-day U.S. central-bank meeting.

ENERGY WRAP: West Texas Intermediate retreated from the highest price in four weeks after an industry report showed crude stockpiles increased in the U.S., the world’s biggest oil consumer. Natural gas dropped for a second day this week as prices swung between gains and losses amid freezing weather across the U.S.

PRECIOUS METAL WRAP: Gold headed for the longest losing streak in almost six weeks amid expectations that stimulus will be cut further as the U.S. Federal Reserve decides on monetary policy. Platinum was set for the longest slump since June.

GLOBAL EVENTS TO WATCH: President Obama Speaks, BOE Gov Carney Speaks, Crude Oil Inventories.

COMMODITY	AGRI COMMODITY
CS COPPER (FEB.) OVERVIEW: TREND CONSOLIDATE SUP1:445 SUP2:443 RESIST1:454 RESIST2:462 TRADING STRATEGY: SELL ON RISE CAPITALSTARS.COM +919200099927	CS CHANA (FEB.) OVERVIEW: TREND BEARISH SUP1:2850 SUP2:2790 RESIST1:2970 RESIST2:3030 TRADING STRATEGY: SELL ON RISE CAPITALSTARS.COM +919200099927 +919977499927
CS CRUDE (FEB.) OVERVIEW: TREND CONSOLIDATE SUP1:6040 SUP2:6000 RESIST1:6135 RESIST2:6174 TRADING STRATEGY: BUY ON DIPS CAPITALSTARS.COM +919200099927	CS JEERA (MARCH) OVERVIEW: TREND CONSOLIDATE SUP1:12350 SUP2:12270 RESIST1:12540 RESIST2:12950 TRADING STRATEGY: SELL ON RISE CAPITALSTAR0S.COM +919200099927
CS GOLD (FEB.) OVERVIEW: TREND CONSOLIDATE SUP1:29250 SUP2:28960 RESIST1:29610 RESIST2:29710 TRADING STRATEGY: SELL ON RISE CAPITALSTARS.COM +919200099927	CS TURMERIC (APRIL) OVERVIEW: TREND CONSOLIDATE SUP1:6890 SUP2:6820 RESIST1:7250 RESIST2:7710 TRADING STRATEGY: BUY ON DIPS CAPITALSTARS.COM +919200099927
CS SILVER (MARCH) OVERVIEW: TREND CONSOLIDATE SUP1:43560 SUP2:42430 RESIST1:44650 RESIST2:45650 TRADING STRATEGY: SELL ON RISE CAPITALSTARS.COM +919200099927	CS SOYABEAN (FEB.) OVERVIEW: TREND CONSOLIDATE SUP1:3785 SUP2:3715 RESIST1:3915 RESIST2:3950 TRADING STRATEGY: BUY ON DIPS CAPITALSTARS.COM +919200099927

INDIAN EQUITY MARKET OUTLOOK-29 january

INDIAN BENCHMARKS rebound in trades today and make a positive opening tracking firm global cues. Bharti Airtel today reported Q3 net profit of Rs 610 crore. Consolidated net sales stood at Rs 21,939 crore. The company reported consolidated EBITDA of Rs 7093 crore and EBIT margins of 32.3%.

FURTHER, JSW Steel Ltd has posted a net profit after Tax, Minority Interest & Share of Profit / (Losses) of Associates of Rs. 4664.90 mn for the quarter ended December 31, 2013.NTPC Ltd has posted a net profit of Rs. 28612.80 mn for the quarter ended December 31, 2013 as compared to Rs. 25967.60 million for the quarter ended December 31, 2012.

Trend in FII flows: The FIIs were net sellers of Rs.1267cr in the cash segment on Tuesday while the domestic institutional investors (DIIs) were net buyers of Rs. 1178cr, as per the provisional figures released by the NSE.

TOP ROCKING PERFORMANCE OF THE DAY-28 january

CS CALL:SELL IDEA FUTURES BELOW 140.50 TARGET 139.70,138.70,137.50 STOP LOSS 141.75 TARGET ACHIEVED: 3

CS CALL: SELL ORIENTAL BANK FUTURE BELOW 181 TGT 180,179, 177.50 SL 183 TARGET ACHIEVED: 3

CS PREMIUM CALL: SELL MARUTI FUTURE BELOW 1620 TGT 1610, 1600, 1590 SL 1645 TARGET ACHIEVED: 3

CS CALL: SELL BANK NIFTY FUTURE BELOW 10530 TGT 10470, 10400, 10300 SL 10430 TARGET ACHIEVED: 3

CS CALL: BUY MARUTI 1600 PUT ABOVE 50 TGT 54, 60, 70 SL 42 TARGET ACHIEVED: 3