WEEKLY EQUITY REPORT-26 May To 31 May 2014

INDIAN BENCHMARKS surged over 2% to end at record closing highs and the rupee hit 11-month highs in the week ended on hopes that the new government would announce significant reforms and bring back the economy on growth trajectory. 
 
State Bank of India has reported fourth quarter net profit of Rs 3,041 crore, down 7.8 percent compared to Rs 3,299 crore in same quarter last year. ITC fourth quarter (January-March) net profit rising 18 percent year-on-year to Rs 2,276 crore, driven by higher revenue. 
 
The INDIAN BENCHMARKS SENSEX ended 1.3 per cent up at 24693.35 and the 50-share NIFTY closed 1.3 percent up at 7367.10.

GLOBAL MARKET CHASE
 
ASIAN STOCKS were led higher by Japan with tentative signs of a more upbeat outlook for the region with China's manufacturing on a slight upswing and India's new government poised to focus on the economy. 
 
U.S. STOCKS rose after official data revealed more new homes were sold in the U.S. in April than markets were expecting, a sign the once-battered housing sector continues to recover.

EUROPEAN STOCKS were lower, as investors eyed an upcoming report on German business climate.  

INDIAN INDICES will be closely watching Narendra Modi taking the oath of office on Monday as India's next Prime Minister. The expiry of May derivative contracts on Thursday will be in focus especially with respect to roll-overs to the June series. 
 
Earnings will continue to be in focus with Canara Bank, Bharat Forge, JSW Steel, BHEL, and Coal India among the companies set to post earnings. 
 
Further, the government will announce GDP for the fourth quarter ended March 31, 2014.  

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ROCKING PERFORMANCE OF THE DAY

STOCK FUTURES:

FUTURES INTRADAY:

PFC FUTURES SELL 3 TG

M&M FUTURES BUY CALL 3 TG

ORIENTAL BANK FUTURES SELL CALL 2 TG

SUN TV FUTURES SELL CALL 2 TG

PREMIUM FUTURES:

M&M FUTURES BUY CALL 3 TG

FUTURES:

BANK NIFTY FUTURES SELL CALL 3 TG

NIFTY FUTURES SELL CALL 1 TG

OPTION:

ADANIENT 460 CALL BUY CALL 3 TG

M&M 1200 CALL BUY CALL 3 TG

STOCK CASH:

STOCK CASH INTRADAY:

MONNET ISPAT SELL CALL 3 TG

COX& KINGS SELL CALL 3 TG

ROLTA INDIA BUY CALL 1 TG (BOOKED AT 109.70)

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INDIAN EQUITY MARKET WRAP UP-30 May 2014

 INDIAN BENCHMARKS have a listless (down) closing… Nifty breaks 7,250.

INDIAN EQUITY BENCHMARKS ended the last session of the week and the first day of the June derivatives series on a monotonous, albeit (although) choppy note in the absence of any enthusing cues from the global front.

Further, Mahindra and Mahindra has reported a 0.9 percent growth in net profit of Rs 896.9 crore in the quarter ended March 2014, driven by tax reversal and income from sale of investments. Tata Chemicals lost 3.87% after the company reported a consolidated net loss of Rs 1225.72 crore in Q4 March 2014, higher than net loss of Rs 188.03 crore in Q4 March 2013.

The crucial resistance for Nifty is now seen at 7270 and above this 7325. Support for the immediate term is now placed at 7120 and next support will be 7060.

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TOP CORPORATE NEWS-30 May 2014

M&M posts Q4 profit at Rs 897 cr, tractor margin up 180 bps
Mahindra and Mahindra has reported a 0.9 percent growth in net profit of Rs 896.9 crore in the quarter ended March 2014, driven by tax reversal and income from sale of investments. Net profit in the year-ago period was Rs 889.2 crore.

Tata Motors Q4 profit at Rs 3918 crore
Tata Motors Ltd has posted a net profit after taxes, minority interest and share of profit of associates of Rs. 39182.90 million for the quarter ended March 31, 2014 as compared to Rs. 39454.70 million for the quarter ended March 31, 2013.

Tata Power Q4 net loss at Rs1453.30mn
Tata Power Company Ltd has posted a net loss after tax, minority interest and share of loss of associates of Rs. 1453.30 million for the quarter ended March 31, 2014 as compared to net profit of Rs. 1813.60 million for the quarter ended March 31, 2013.

DLF Q4 net profit at Rs2196.80 mn
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.

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DAILY COMMODITY MARKET STRATEGY-30 May 2014

BASE METAL WRAP: Copper fell from an 11-week high in London on signs of slowing economic growth in China and the U.S., the biggest users of the metal.

ENERGY WRAP: West Texas Intermediate headed for its first monthly advance since February as crude inventories shrank at the delivery point for New York contracts. Brent was steady in London.

PRECIOUS METAL WRAP: Gold headed for a monthly loss as signs that the U.S. economy is improving fueled stock-market gains, while demand for the metal slowed in China, the biggest consumer.

GLOBAL EVENTS TO WATCH: GDP m/m, Core PCE Price Index m/m, Personal Spending m/m, Personal Income m/m, Chicago PMI, Revised UoM Consumer Sentiment, Revised UoM Inflation Expectations, FOMC Member Plosser Speaks.

AGRI COMMODITY	BULLION COMMODITY
CS CHANA (JUNE) OVERVIEW: TREND CONSOLIDATE SUP1:2740 SUP2:2698 RESIST1:2875 RESIST2:2955 TRADING STRATEGY: SELL ON RISE	CS COPPER (JUNE) OVERVIEW: TREND CONSOLIDATE SUP1: 408 SUP2:404 RESIST1:419 RESIST2:423 TRADING STRATEGY: BUY ON DIPS
CS JEERA (JUNE) OVERVIEW: TREND CONSOLIDATE SUP1:10900 SUP2:10710 RESIST1:11100 RESIST2:11260 TRADING STRATEGY: SELL ON RISE	CS CRUDE (JUNE) OVERVIEW: TREND CONSOLIDATE SUP1:6050 SUP2:6020 RESIST1:6200 RESIST2:6270 TRADING STRATEGY: BUY ON DIPS
CS TURMERIC (JUNE) OVERVIEW: TREND CONSOLIDATE SUP1:5950 SUP2:5630 RESIST1:6250 RESIST2:6400 TRADING STRATEGY: SELL ON RISE	CS GOLD (JUNE) OVERVIEW: TREND BEARISH SUP1:26400 SUP2:25240 RESIST1:27100 RESIST2:27530 TRADING STRATEGY: SELL ON RISE
CS SOYABEAN (JUNE) OVERVIEW: TREND CONSOLIDATE SUP1:4500 SUP2:4450 RESIST1:4755 RESIST2:4855 TRADING STRATEGY: BUY ON DIPS	CS SILVER (JULY) OVERVIEW: TREND BEARISH SUP1:39300 SUP2:38500 RESIST1:40600 RESIST2:41500 TRADING STRATEGY: SELL ON RISE

INDIAN EQUITY MARKET OUTLOOK-30 May 2014

INDIAN BENCHMARK open flat with a marginal negative bias. YES Bank is set to raise $500 million by issuing fresh shares to a cluster of investors.

FURTHER, Bharat Heavy Electricals reported a 43% year-on-year decline in net profit for the financial year ended March 2014, a seventh consecutive fall. Shares of Crompton Greaves were up over 3% after the company's profit rose 2.5 times to Rs 63.82 crore in fourth quarter as against Rs 25.27 core profit in same period last year due to improvement in power systems business and rise in other income.

Trend in FII flows: The FIIs were net sellers of Rs 522cr in the cash segment on Thursday while the DIIs were net sellers of Rs. 195cr, as per the provisional figures released by the NSE.

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TOP FIVE BUZZING STOCKS-30 May 2014

COX & KINGS

TREND: BULLISH

SUPPORT: 172

RESISTANCE: 185

  ADANIENT

TREND: BEARISH

SUPPORT: 448

RESISTANCE: 480

JAIN IRRIAGTION

TREND: BEARISH

SUPPORT: 105

RESISTANCE: 117

AMARA RAJA BATTERIES

TREND: BULLISH

SUPPORT: 394

RESISTANCE: 426

  INFOSYS

TREND: BEARISH

SUPPORT: 2900

RESISTANCE: 3025

ROCKING PERFORMANCE OF THE DAY

STOCK FUTURES:

FUTURES INTRADAY:

BANK OF INDIA FUTURES BUY CALL 3 TG

CROMPTON GREVES FUTURES SELL CALL 2 TG

UPL LTD FUTURES SELL CALL 2 TG

PREMIUM FUTURES:

ADANIENT FUTURES SELL CALL 3 TG (BOOKED AT 449.10)

NIFTY FUTURES:

BANK NIFTY FUTURES SELL CALL 3 TG

NIFTY FUTURES SELL CALL 2 TG

OPTION:

BANK OF INDIA 320 CALL BUY CALL 3 TG

STOCK CASH:

STOCK CASH INTRADAY:

WOCK PHARMA SELL CALL 3 TG

SYNDICATE BANK BUY CALL 1 TG (BOOKED AT 147.60)

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INDIAN EQUITY MARKET WRAP UP-29 May 2014

 
INDIAN BENCHMARKS ended on a weak note

INDIAN EQUITY BENCHMARKS ended on a weak note on expiry day. Indian Oil Corporation fell 3.44% after net profit fell 35.30% to Rs 9389.85 crore on 5.32% increase in total income to Rs 135465.86 crore in Q4 March 2014 over Q4 March 2013.

Further, Hindalco Group has posted a consolidated net profit of Rs. 21750.10 million for the year ended March 31, 2014 as compared to Rs. 30268.90 million for the year ended March 31, 2013. 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.

The crucial resistance for Nifty is now seen at 7325 and above this 7345. Support for the immediate term is now placed at 7200 and next support will be 7130.

NEWS TO WATCH:

Watch out for the quarterly earnings of AstraZeneca, Aurobindo Pharma, ABG Shipyard, Cox & Kings, Hindustan Motors, M&M, Future Retail, Tata Chemical, L&T, NMDC, Den Network, CESC on 30TH May 2014. 

Watch out for the Indian GDP annual and quarterly data on 30TH May 2014.

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TOP CORPORATE NEWS-29 May 2014

IOC slips after weak Q4 outcome
Indian Oil Corporation fell 3.44% after net profit fell 35.30% to Rs 9389.85 crore on 5.32% increase in total income to Rs 135465.86 crore in Q4 March 2014 over Q4 March 2013.

Hindalco Q4 net profit at Rs. 2.48bn
Hindalco Group has posted a consolidated net profit of Rs. 21750.10 million for the year ended March 31, 2014 as compared to Rs. 30268.90 million for the year ended March 31, 2013. Total Income has increased from Rs. 812050.30 million for the year ended March 31, 2013 to Rs. 887126.90 million for the year ended March 31, 2014.

Hero MotoCorp Q4 net down 3.4% at Rs 554.43cr
Hero MotoCorp reported 3.44 per cent decline in its standalone net profit for the fourth quarter ended March 31, 2014 at Rs 554.43 crore. Net sales during the period under review stood at Rs 6,455.7 crore as against Rs 6,072.47 crore in the same quarter previous fiscal, up 6.31 per cent.

Coal India slips after weak Q4 results
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.

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DAILY COMMODITY MARKET STRATEGY-29 May 2014

 

BASE METAL WRAP: Copper climbed to 11-week high in London amid speculation that rising global equity markets indicate a favorable outlook for economic growth. Aluminum touched a one-month high.

ENERGY WRAP: West Texas Intermediate rose for the first time in three days after the American Petroleum Institute reported that crude inventories shrank at the delivery point for New York contracts. Brent was steady in London.

PRECIOUS METAL WRAP: Gold fell to the lowest level in 16 weeks as investors assessed whether tension between Russia and Ukraine is easing and after the euro weakened, reducing the appeal of the metal.

GLOBAL EVENTS TO WATCH: Private Capital Expenditure q/q, Prelim GDP q/q, Unemployment Claims, Prelim GDP Price Index q/q, Pending Home Sales m/m, Natural Gas Storage, Crude Oil Inventories.

AGRI COMMODITY	BULLION COMMODITY
CS CHANA (JUNE) OVERVIEW: TREND BEARISH SUP1:2740 SUP2:2700 RESIST1:2860 RESIST2:2905 TRADING STRATEGY: SELL ON RISE	CS COPPER (JUNE) OVERVIEW: TREND CONSOLIDATE SUP1: 410 SUP2:404 RESIST1:420 RESIST2:423 TRADING STRATEGY: BUY ON DIPS
CS JEERA (JUNE) OVERVIEW: TREND CONSOLIDATE SUP1:10900 SUP2:10760 RESIST1:11465 RESIST2:11670 TRADING STRATEGY: SELL ON RISE	CS CRUDE (JUNE) OVERVIEW: TREND CONSOLIDATE SUP1:6020 SUP2:5930 RESIST1:6110 RESIST2:6200 TRADING STRATEGY: BUY ON DIPS
CS TURMERIC (JUNE) OVERVIEW: TREND CONSOLIDATE SUP1:5880 SUP2:5690 RESIST1:6250 RESIST2:6380 TRADING STRATEGY: SELL ON RISE	CS GOLD (JUNE) OVERVIEW: TREND BEARISH SUP1:26240 SUP2:25700 RESIST1:27100 RESIST2:27530 TRADING STRATEGY: SELL ON RISE
CS SOYABEAN (JUNE) OVERVIEW: TREND CONSOLIDATE SUP1:4450 SUP2:4320 RESIST1:4640 RESIST2:4755 TRADING STRATEGY: BUY ON DIPS	CS SILVER (JULY) OVERVIEW: TREND BEARISH SUP1:39900 SUP2:39400 RESIST1:40600 RESIST2:41500 TRADING STRATEGY: SELL ON RISE

INDIAN EQUITY MARKET OUTLOOK-29 May 2014

INDIAN BENCHMARK open flat with negative bias as investors are likely to adopt a wait-and-watch ahead of the expiry of May F&O series today. Indraprastha Gas Ltd has posted an 8% increase in net profit for the fourth quarter of the financial year 2013-14 to Rs 90.49 crore, as against Rs 83.53 crore in corresponding period last year.

FURTHER, Hero MotoCorp reported 3.44 per cent decline in its standalone net profit for the fourth quarter ended March 31, 2014 at Rs 554.43 crore. Amara Raja Batteries reported 34.31 percent increase in net profit at Rs 80.05 crore for the fourth quarter ended March 31, 2014.

Trend in FII flows: The FIIs were net sellers of Rs 286cr in the cash segment on Wednesday while the DIIs were net sellers of Rs. 33cr, as per the provisional figures released by the NSE.

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TOP FIVE BUZZING STOCKS-29 May 2014

ABG SHIPYARD

TREND: BULLISH

SUPPORT: 246

RESISTANCE: 304

  RCOM

TREND: BULLISH

SUPPORT: 140

RESISTANCE: 149

  SYNDICATE BANK

TREND: BEARISH

SUPPORT: 136

RESISTANCE: 146

PFC

TREND: BULLISH

SUPPORT: 286

RESISTANCE: 334

HINDPETRO

TREND: BEARISH

SUPPORT: 385

RESISTANCE: 423

ROCKING PERFORMANCE OF THE DAY

STOCK FUTURES:

FUTURES INTRADAY:

JSW STEEL FUTURES SELLCALL 3TG

STOCK CASH:

STOCK CASH INTRADY:

ABG SHIPYARD BUY CALL 3 TG

ABG SHIPYARD 2ND BUY CALL 2 TG

STOCK CASH PREMIUM:

ABAN OFFSHORE BUY CALL 2 TG

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INDIAN EQUITY MARKET WRAP UP-28 May 2014

 INDIAN BENCHMARKS closed flat.

INDIAN EQUITY BENCHMARKS continued to consolidate with the Nifty holding the 7300 level ahead of expiry of May derivative contracts tomorrow.

Further, Havells India has reported a 25 percent growth in fourth quarter net profit at Rs 136.9 crore on standalone basis, supported by other income and higher revenue. SAIL fourth quarter net profit rising 1.5 percent year-on-year to Rs 453 crore, impacted by weak operational performance.

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 Cipla, Coal India, Hindalco, IOC, Liberty Shoes, Natco Pharma, ONGC, Sun Pharma, Tata Motors, Tata Power, Titagarh Wagons, Voltas, DLF, BPCL, Crompton Greaves on 29TH May 2014.    

Watch out for the Indian GDP annual and quarterly data on 30TH May 2014.

For More Detail Call Us 0731-6790000,6669900 
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TOP CORPORATE NEWS-28 May 2014

JSW Steel logs Q4 profit of Rs 462.09cr
JSW Steel reported a consolidated net profit of Rs 462.09 crore for the quarter ended March 31, 2014 on the back of increased sales. The company had posted a net profit of Rs 328.03 crore in the corresponding period of the previous financial year.

PFC's Q4 profit rises 9% to 1,411 cr
PFC posted a 9 percent rise in its net profit at Rs 1,411.41 crore for the quarter ended March 31, 2014 largely on account of an increase in income from operations.

United Breweries Q4 net profit at Rs677.10mn
United Breweries Ltd has posted a net profit of Rs. 677.10 million for the quarter ended March 31, 2014 as compared to Rs. 58.50 mn for the quarter ended March 31, 2013.

L&T bags $480mn EPC orders in Bangladesh
Larsen & Toubro has received two EPC (engineering, procurement and construction) orders worth $480mn in Bangladesh for setting up dual fuel-fired gas based combined cycle power plants in Bangladesh.

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DAILY COMMODITY MARKET STRATEGY-28 May 2014

BASE METAL WRAP: Copper traded nears an 11-week high after signs of improving demand in the U.S. and China, the biggest consumers of metals.

ENERGY WRAP: Brent crude rose for the first time in three days amid speculation that escalating violence in Ukraine may disrupt supplies to Europe from Russia, the world’s largest energy exporter. West Texas Intermediate was steady.

PRECIOUS METAL WRAP: Gold fell to the lowest level in more than 15 weeks as U.S. economic data that beat estimates backed the case for the Federal Reserve to keep on reducing monetary stimulus, while demand in China showed signs of waning.

GLOBAL EVENTS TO WATCH: BOE Gov Carney Speaks, BOJ Gov Kuroda Speaks, ANZ Business Confidence.

AGRI COMMODITY	BULLION COMMODITY
CS CHANA (JUNE) OVERVIEW: TREND BEARISH SUP1:2700 SUP2:2600 RESIST1:2855 RESIST2:2905 TRADING STRATEGY: SELL ON RISE	CS COPPER (JUNE) OVERVIEW: TREND CONSOLIDATE SUP1: 410 SUP2:404 RESIST1:420 RESIST2:423 TRADING STRATEGY: BUY ON DIPS
CS JEERA (JUNE) OVERVIEW: TREND BEARISH SUP1:10900 SUP2:10760 RESIST1:11465 RESIST2:11670 TRADING STRATEGY: SELL ON RISE	CS CRUDE (JUNE) OVERVIEW: TREND CONSOLIDATE SUP1:6075 SUP2:5955 RESIST1:6220 RESIST2:6340 TRADING STRATEGY: BUY ON DIPS
CS TURMERIC (JUNE) OVERVIEW: TREND CONSOLIDATE SUP1:5880 SUP2:5690 RESIST1:6070 RESIST2:6220 TRADING STRATEGY: SELL ON RISE	CS GOLD (JUNE) OVERVIEW: TREND BEARISH SUP1:26240 SUP2:25700 RESIST1:27160 RESIST2:27530 TRADING STRATEGY: SELL ON RISE
CS SOYABEAN (JUNE) OVERVIEW: TREND CONSOLIDATE SUP1:4450 SUP2:4320 RESIST1:4640 RESIST2:4755 TRADING STRATEGY: BUY ON DIPS	CS SILVER (JULY) OVERVIEW: TREND CONSOLIDATE SUP1:39900 SUP2:39400 RESIST1:41750 RESIST2:43000 TRADING STRATEGY: SELL ON RISE

INDIAN EQUITY MARKET OUTLOOK-28 May 2014

INDIAN BENCHMARK open flat, amid mixed cues from Asia, as investors are likely to remain cautious ahead of the expiry of May derivative contracts on Thursday.

FURTHER, United Breweries Ltd has posted a net profit of Rs. 677.10 million for the quarter ended March 31, 2014 as compared to Rs. 58.50 mn for the quarter ended March 31, 2013. JSW Steel Ltd has posted a net profit of Rs. 4828.30 million for the Quarter ended March 31, 2014 whereas the same was at Rs. 2959.10 million for the Quarter ended March 31, 2013.

Trend in FII flows: The FIIs were net sellers of Rs 202cr in the cash segment on Tuesday while the DIIs were net sellers of Rs. 95cr, as per the provisional figures released by the NSE.

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INDIAN EQUITY MARKET WRAP UP-27 May 2014

INDIAN BENCHMARKS closed lower on profit booking.
 

INDIAN EQUITY BENCHMARKS closed the trading session on a lower note as investors turned cautious ahead of derivatives contract expiry on Thursday and booked profits with oil and financial shares. Dish TV India Ltd has posted a net loss of Rs. 1490.50 mn for the quarter ended March 31, 2014 as compared to net loss of Rs.436.20 mn for the quarter ended March 31, 2013.

Further, Bharat Forge's net profit more than doubled to Rs 119 crore in the quarter ended March 2014 from Rs 50.1 crore in same quarter last year. Power Finance Corporation Ltd has posted a net profit of Rs. 54618.40 mn for the year ended March 31, 2014 as compared to Rs. 44377.40 million for the year ended March 31, 2013.
 

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 Aban Offshore, Amara Raja Batteries, BHEL, Havells India, IGL, SAIL, Tata Global, Apollo Hospital, Hero Motocorp on 28TH May 2014.  

Watch out for the Indian GDP annual and quarterly data on 30TH May 2014.

For More Detail Call Us 0731-6790000,6669900 
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ROCKING PERFORMANCE OF THE DAY

STOCK FUTURES:

FUTURES INTRADAY:
ORIENTAL BANK SELL CALL 3 TG
PFC FUTURES SELL CALL 3 TG
PFC FUTURES 2ND SELL CALL 3 TG
BHARAT FORGE FUTURES BUY CALL3 TG
DLF FUTURES SELL CALL 2 TG

PREMIUM FUTURES:
BHARAT FORGE FUTURES BUY CALL 2 TG

NIFTY FUTURES:
BANK NIFTY FUTURES BUY CALL 1 TG (BOOKED AT 15190)

OPTION:
BHEL 250 PUT BUY CALL 3 TG

STOCK CASH:

STOCK CASH INTRADY:
INDIA CEMENTS SELL CALL 3 TG
JYOTHY LAB SELL CALL 2 TG
AUROBINDO PHARMA BUY CALL 1 TG (BOOKED AT 644)

For More Detail Call Us 0731-6790000,6669900 
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