Monday, September 15, 2014
BASE METAL WRAP:
Copper lead most industrial metals lower after factory and retail-sales
data signalled further slowing in China, the world’s biggest user.
ENERGY WRAP:
West Texas Intermediate and Brent crude declined for a second day as
China’s industrial output expanded at the weakest pace since the global
financial crisis.
PRECIOUS METAL WRAP:
Gold rallied from an eight-month low, snapping three days of losses, on
speculation that reduced prices may spur purchases before the Federal Reserve
begins a two-day policy meeting.
GLOBAL EVENTS TO WATCH:
Empire State Manufacturing Index, Capacity Utilization Rate, Capacity
Utilization Rate.
Commodity Market Levels
|
Bullion-
Market :-
|
Agri – Market ;-
|
|
CS CHANA (SEPTEMBER)) OVERVIEW:
TREND CONSOLIDATE
SUP1:2780
SUP2:2740
RESIST1:2830
RESIST2:2870
TRADING
STRATEGY: SELL ON RISE
|
CS COPPER (NOVEMBER) OVERVIEW:
TREND BEARISH
SUP1:417
SUP2:412
RESIST1:426
RESIST2:428
TRADING STRATEGY: SELL ON
RISE
|
|
CS JEERA (SEPTEMBER) OVERVIEW:
TREND BEARISH
SUP1:10675
SUP2:10530
RESIST1:10940
RESIST2:11100
TRADING
STRATEGY: SELL ON RISE
|
CS CRUDE (SEPTEMBER)
OVERVIEW:
TREND BEARISH
SUP1:5550
SUP2:5500
RESIST1:5710
RESIST2:5780
TRADING
STRATEGY: SELL ON RISE
|
|
CS TURMERIC (SEPTEMBER) OVERVIEW:
TREND BEARISH
SUP1:5980
SUP2:5850
RESIST1:6200
RESIST2:6370
TRADING
STRATEGY: SELL ON RISE
|
CS GOLD (OCTOBER)
OVERVIEW:
TREND BEARISH
SUP1:26700
SUP2:26500
RESIST1:27430
RESIST2:27480
TRADING STRATEGY: SELL ON
RISE
|
|
CS SOYABEAN (OCTOBER) OVERVIEW:
TREND CONSOLIDATE
SUP1:3080
SUP2:2950
RESIST1:3240
RESIST2:3280
TRADING STRATEGY: SELL ON RISE
|
CS SILVER (DECEMBER)
OVERVIEW:
TREND BEARISH
SUP1:40950
SUP2:40500
RESIST1:41800
RESIST2:42280
TRADING
STRATEGY: SELL ON RISE
|
Sunday, September 14, 2014
INDIAN BENCHMARK open lower, amid weak global cues, as weak industrial
growth in July is likely to weigh on investor sentiment. Inflation data based on wholesale price index (WPI) for August to be
released later today.
FURTHER, SAIL will be in under
pressure after the process for the 5% stake sale by the government will
commence this week. Lupin Ltd has entered into an agreement with US-based
Salix Pharmaceuticals to market gastrointestinal drugs in Canada.
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. 208cr, as per the provisional figures released by
the NSE.
Wednesday, September 03, 2014
INDIAN BENCHMARK
open marginally lower as investors are likely to book
profits after recent gains while weak Asian cues and geopolitical tensions
would weigh on sentiment.
FURTHER, DLF will be in action after
the Punjab and Haryana High Court on Wednesday set aside the Haryana government’s
decision to allot 350 acres of land in Wazirabad, Gurgaon. United Spirits reported a consolidated net loss of Rs 4,489 crore for
the year ended March 31, 2014.
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. 469cr, as per the provisional figures
released by the NSE.
Tuesday, September 02, 2014
INDIAN BENCHMARK
open on a positive note tracking a bullish trend
tracking Asian markets.
Investors will be eying the HSBC India services PMI
today.
FURTHER, NMDC's iron ore sales rose
23% to 25.2 lakh tonnes for the month of August. The company had dispatched
20.5 lakh tonnes iron ore during the same month last year. Hindalco has been exploring various options to raise USD 1 billion-plus
or around Rs 5,000 to 6,000 crore funds.
Trend in FII flows: The FIIs
were net buyers of Rs 192cr in the cash segment on Tuesday while the DIIs
were net sellers of Rs. 167cr, as per the provisional figures released by
the NSE
Monday, September 01, 2014
INDIAN EQUITY BENCHMARKS surged with nifty past the psychologically important 8,000 level for the first time gained after better-than-expected quarterly GDP data.
• Voltas gained 2 percent as Bank of America Merrill Lynch reiterates buy rating on the stock with an increased target price of Rs 305 per share.
• Further, Bharti Airtel climbed 1.7 percent after Airtel Network Kenya has acquired 2.7 million subscribers of Essar telecommunications Kenya.
The crucial resistance for Nifty is now seen at 8035 and above this 8070. Support for the immediate term is now placed at 7980 and next support will be 7920.
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Thursday, August 28, 2014
INDIAN EQUITY
BENCHMARKS ended with amid volatility as monthly derivative contracts
expired today and investors eyed GDP April-June quarter data scheduled
for release tomorrow.
• Shares in NHPC Ltd surged
as much as 6.4 per cent as Traders focus could shift to hydro power as
an alternative to coal in electricity generation.
• Further, SKS Microfinance
Ltd's shares rose 2.2 percent after Morgan Stanley initiated coverage
with an overweight rating saying India's microfinance industry has $90
billion demand potential.
The crucial resistance for Nifty is now seen at 7970 and above
this 8010. Support for the immediate term is now placed at 7940 and next
support will be 7910.
Thursday, August 28, 2014
INDIAN BENCHMARK open marginally higher amid firm global cues. Further,
markets are likely to remain volatile in the latter half of the trading session
with expiry of August derivative contracts today.
FURTHER, Piramal Enterprises is
rejigging its research and development activities with a focus on molecules
that are at an advanced stage of development. DLF will continue to be under
pressure after the Supreme Court on Wednesday directed DLF to deposit Rs 630
crore in the registry within three months.
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. 236cr, as per the provisional figures
released by the NSE.
Wednesday, August 27, 2014
INDIAN EQUITY BENCHMARKS ended with gains for the second consecutive trading session ahead of the F&O expiry tomorrow. Sentiment was on the positive side as the ongoing geopolitical tension in Israel, which was a major cause for concern seems to be finally ending as Hamas and Israel agreed to an open-ended cease-fire.
• DLF fell 4.6 percent on Supreme Court order asking company to pay Rs 630 crore fine within three months.
• Further, HDFC Bank declined 0.7 percent on the matter related to increase in FII investment limit may not be taken up by Foreign Investment Promotion Board in its meeting scheduled on August 29.
The crucial resistance for Nifty is now seen at 7945 and above this 7970. Support for the immediate term is now placed at 7915 and next support will be 7860.
Tuesday, August 26, 2014
INDIAN EQUITY BENCHMARKS ended flat, amid a volatile trading session, even metal stocks rebounded while power stocks extended losses after the apex court's verdict on coal block allocations.
· Tata Power fell another 2.8 percent on the Supreme Court’s order that stayed an interim order of the Appellate Tribunal for Electricity (APTEL) to allow payment of compensatory tariffs.
· Further, Oil and Natural Gas Corp ended down 2.5 percent on equity dilution concerns due to a potential share sale by the government.
The crucial resistance for Nifty is now seen at 7915 and above this 7970. Support for the immediate term is now placed at 7855 and next support will be 7780
Monday, August 25, 2014
BASE METAL WRAP:
Aluminium in London climbed for a second day following Alcoa Inc.’s
decision to close a smelter in Italy and before durable goods orders data from
the U.S., the second-largest consumer of industrial metals.
ENERGY WRAP: West Texas
Intermediate traded near the lowest price in seven months before supply data
that will signal the strength of fuel demand in the U.S, the world’s biggest
oil consumer. Brent was steady in London.
PRECIOUS METAL WRAP: Gold held losses near
a two-month low on speculation that the U.S. Federal Reserve will raise
borrowing costs next year, strengthening the dollar and damping demand for an
alternative investment.
GLOBAL EVENTS TO WATCH: Trade
Balance, CB Leading Index m/m, Core Durable Goods Orders m/m, Durable Goods
Orders m/m, HPI m/m, S&P/CS Composite-20 HPI y/y, CB Consumer Confidence,
Richmond Manufacturing Index.
Monday, August 25, 2014
INDIAN EQUITY
BENCHMARKS hit fresh record highs early today ended flat amid selling pressure
in metal and power stocks after the Supreme Court said that guidelines were
breached in coal block allocations during the UPA government and that the terms
of allotment, going as far back as 1993, were themselves illegal.
·
Alstom T&D gained 5.5 percent on
joint venture bagging order worth Rs 3,250 crore.
·
Further, Lakshmi Vilas Bank has
announced that the Bank opened its Rights Issue for an amount of Rs409.79
crores on August 08, 2014. The issue remained open for 15 days and closed on
August 22, 2014.
The crucial resistance for Nifty is now seen at 7970
and above this 7995. Support for the immediate term is now placed at
7895 and next support will be 7855.
Wednesday, August 13, 2014
BASE METAL WRAP:
London copper fell on Tuesday to near six-week lows as improving supply
and renewed tension between Ukraine and Russia combined with a summer lull to
curb investors' appetite for risky assets.
ENERGY WRAP: West Texas
Intermediate fell amid speculation that U.S. oil demand is slowing after a
government report showed weekly crude inventories expanded for the time since
June. Brent dropped in London.
PRECIOUS METAL WRAP: Gold traded little
changed below a three-week high as investors gauged the health of the U.S.
economy and tensions persisted in Ukraine and the Middle East. Gold demand in China shrank in the second quarter as
consumers in the biggest user bought fewer bars, coins and jewelry amid a
clampdown on corruption and as the buying spurred by last year’s price slump
wasn’t sustained.
GLOBAL EVENTS TO WATCH: Retail
Sales q/q, French Prelim GDP q/q, German Prelim GDP q/q, Unemployment Claims,
Import Prices m/m, Natural Gas Storage, 30-y Bond Auction.
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Wednesday, August 13, 2014
·
Tata Steel Q1 profit plunges 70%
on provision, higher tax
Tata Steel
has reported a 70.4 percent decline in consolidated net profit at Rs 337.3
crore for the April-June quarter, impacted by provision for impairment of
non-current assets, higher tax expenses and interest cost. Profit in the
year-ago period was Rs 1,139 crore.
·
Crompton Greaves sells Kanjurmarg
land to Runwal Group
Crompton Greaves has
sold its Kanjurmarg land parcel to Runwal Group for Rs1,015 crore. The 34-acre
land parcel has been on the block for a while now. The deal pegs per acre land
value at Rs 30 crore. Crompton Greaves has been looking for funds as its debt
stands at Rs2,200-2,500 crore.
·
Siemens posts Q3 profit at Rs 13
cr, revenue falls 10%
Siemens has
reported the third quarter (April-June) net profit at Rs 13 crore on lower
revenue and weak operational performance. It had posted a loss of Rs 48.8 crore
in the year-ago period.
·
Hindustan Copper Q1 net profit
down by 29% (YoY)
Hindustan
Copper has announced the results for the quarter ended June 30, 2014. Net
profit of the company slipped by 28.91% to Rs13.20 crore Vs Rs18.57 crore YoY.
Total Income increased by 28.15% to Rs314.94 crore Vs Rs245.75 crore YoY.
Tuesday, August 12, 2014
BASE METAL WRAP:
Indonesia’s ban on nickel ore exports is resonating globally as prices
climb to the highest since 2012, prompting companies from Avebury Nickel Mines
Ltd. to Poseidon Nickel Ltd. to restart operations at idled mines.
ENERGY WRAP: West Texas
Intermediate fell for a second day after an industry report showed crude and
gasoline supplies expanded in the U.S., the world’s biggest oil user. Brent
dropped in London.
PRECIOUS METAL WRAP: Gold traded below a
three-week high as investors weighed the prospects for renewed fighting in Gaza
and simmering tension between Ukraine and Russia against the outlook for the
U.S. economy and a stronger dollar. Gold imports by India, the world’s biggest
consumer after China, will probably decline for a third year as the government
keeps curbs on shipments to prevent the current-account deficit from widening
and to support the rupee.
GLOBAL EVENTS TO WATCH: Prelim GDP q/q, New
Loans, M2 Money Supply y/y, Industrial Production y/y, Fixed Asset Investment
ytd/y, Retail Sales y/y, Average Earnings Index 3m/y, Claimant Count Change, BOE
Gov Carney Speaks, BOE Inflation Report, Core Retail Sales m/m, Retail Sales
m/m , FOMC Member Dudley Speaks, Business Inventories m/m, Crude Oil
Inventories, 10-y Bond Auction.
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Friday, August 08, 2014
INDIAN EQUITY BENCHMARKS flat-to-lower as investors
eye global factors. Concerns about potential U.S. strikes on Iraq and tensions
between the West and Russia are among geo-political risk factors.
·
Further, JSW Steel reported Crude Steel
Production for July 2014, at 11.13 lac tonnes showing growth of 12% over
corresponding month of previous year.
·
Corporation Bank net profit
slipped 38.8 percent year-on-year to Rs 231.4 crore in the quarter ended June
2014 dented by lower net interest income and other income, and higher
provisions
The crucial resistance for Nifty is now seen at 7600
and above this 7680. Support for the immediate term is now placed at
7540 and next support will be 7460.
Thursday, August 07, 2014
BASE METAL WRAP:
Copper headed for a second weekly decline after imports by China, the
biggest user of the metal, fell to the lowest since April 2013.
ENERGY WRAP: Brent and West Texas
Intermediate crude climbed for a second day after U.S. President Barack Obama
authorized air strikes in Iraq, the second-biggest oil producer in the
Organization of Petroleum Exporting Countries.
PRECIOUS METAL WRAP: Gold advanced to the
highest level in three weeks, poised to snap the longest run of weekly losses
since September, as haven demand increased on unrest in the Middle East and
tension over Ukraine.
GLOBAL EVENTS TO WATCH: Consumer Credit m/m,
RBA Monetary Policy Statement, Trade Balance, Monetary Policy Statement, BOJ
Press Conference, Employment Change, Unemployment Rate, Prelim Nonfarm
Productivity q/q, Prelim Unit Labor Costs q/q, Wholesale Inventories m/m.
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Thursday, August 07, 2014
INDIAN EQUITY BENCHMARKS fell second straight day with
highly volatile trading session. The indices which flirted in the green zone
for a while saw a sudden bout of selling in the second half.
·
Further, Mahindra & Mahindra Ltd.’s credit
rating has been upgraded to AAA, by Credit Analysis & Research Ltd. (CARE).
The rating agency assigned its highest ‘CARE AAA’ level of rating for the
long-term bank facilities of M&M.
·
Bharti Infratel slumped 7.07%, as the
floor price for offer for sale of shares by promoter Bharti Airtel was set at a
discount to the stock's ruling market price.
The crucial resistance for Nifty is now seen at 7750
and above this 7840. Support for the immediate term is now placed at
7620 and next support will be 7595.
