INDIAN EQUITY MARKET OUTLOOK-08 JULY 2014

INDIAN BENCHMARK open in the positive terrain as investors are expecting fundamental reforms and technical up gradation of the railways in the Railway Budget, which is due later during the day.

FURTHER, Dena Bank has sought Rs. 1,200 crore capital infusion from government in the current fiscal. Shares of railway related companies are in focus and trading higher by up to 4% in early morning deals ahead of Railway Budget today.

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. 85cr, as per the provisional figures released by the NSE.

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TOP CORPORATE NEWS-07 JULY 2014

Elder Pharmaceuticals plans to strengthen its remaining existing brands
Elder Pharmaceuticals Limited post the Torrent Pharmaceuticals Rs. 2004 crore deal, for which the transaction for sale and transfer of its branded domestic formulations business in India and Nepal on a slump sale basis got completed last week.

RCom in demand as FTSE hikes weightage
Reliance Communications rose 1.15% after index provider FTSE on Friday, 4 July 2014, said it has raised the weightage of the stock in three indices.

IDFC gains 7% on Morgan Stanley upgrade
IDFC has surged over 7% on back of heavy volumes after Morgan Stanley raises its price target for the company to Rs 175 from Rs 115.

Tata Motors hits new high
Tata Motors is higher by 2% after Chairman Cyrus P Mistry said the company is working on a strong pipeline of products for the domestic market keeping in view changing customer needs to make the company more profitable over the years.

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CS ROCKING PERFORMANCE OF THE DAY

STOCK FUTURES:

FUTURES INTRADAY:
PETRONET FUTURES BUY CALL 3 TG
IRB INFRA FUTURES BUY CALL 2 TG
HAVELLS INDIA FUTURES BUY CALL 2 TG
IRB INFRA FUTURES 2ND BUY CALL 1 TG
JAIN IRRIGATION FUTURES BUY CALL 1 TG
HCL TECH FUTURES BUY CALL 1 TG
JUBILANT FOOD FUTURES BUY CALL SL TRIGGERED

PREMIUM FUTURES:
IDFC FUTURES BUY CALL 1 TG

OPTION:
INFOSYS 3300 CALL BUY CALL 2 TG
IRB INFRA 260 CALL BUY CALL 2 TG
TCS 2450 CALL BUY CALL 1 TG

OPTION PREMIUM:
IRB INFRA 260 CALL BUY CALL 3 TG
IDFC 130 CALL BUY CALL 3 TG

STOCK CASH:
 
STOCK CASH INTRADAY:
IRB INFRA BUY CALL 2 TG
LIBERTY SHOES BUY CALL 2 TG
FINOLEX CABLES BUY CALL 1 TG (BOOKED AT 218.85)

STOCK CASH PREMIUM:
JUBILANT FOOD BUY CALL 1 TG (BOOKED AT 1353)

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INDIAN EQUITY MARKET WRAP UP-07 JULY 2014

INDIAN BENCHMARKS end at record all time highs… IT shares up 2.44%

INDIAN EQUITY BENCHMARKS ended on positive territory in the anticipation of a growth-oriented Budget. Both domestic and foreign investors are closely eyeing the Rail Budget and the Union Budget as these two parameters are expected to decide the future course of Indian markets.

Further, IDFC has surged over 7% on back of heavy volumes after Morgan Stanley raises its price target for the company to Rs 175 from Rs 115. NMDC Ltd may spend nearly AUD 12.1 million to subscribe a rights issue planned by its Australian arm Legacy Iron Ore Ltd.

The crucial resistance for Nifty is now seen at 7795 and above this 7820.Support for the immediate term is now placed at 7755 and next support will be 7660.

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DAILY COMMODITY MARKET STRATEGY-07 JULY 2014

BASE METAL WRAP: 

Nickel fell from a six-week high in London amid speculation supply of the metal is ample for now, easing concern about a potential shortage after Indonesia barred exports of raw ores in January. London copper began the week little changed; broadly holding on to last week's 3 percent gains on tighter-than-expected supply.

ENERGY WRAP: 

Brent traded near the lowest price in more than three weeks as Libya prepares to increase exports and amid speculation that Iraq’s crude supplies remain safe from violence. West Texas Intermediate was steady in New York.

PRECIOUS METAL WRAP: 

Gold extended a decline from a three-month high as the outlook for higher borrowing costs in the U.S. strengthened the dollar. Palladium traded near the highest price since 2001 and silver dropped.

GLOBAL EVENTS TO WATCH: 

Building Permits m/m, Ivey PMI.

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BULLIONS COMMODITY	AGRI COMMODITY
CS COPPER (AUG) OVERVIEW: TREND BULLISH SUP1:430 SUP2:425 RESIST1:437 RESIST2:440 TRADING STRATEGY: BUY ON DIPS CAPITALSTARS.COM +919200099927	CS CHANA (AUGUST) OVERVIEW: TREND BEARISH SUP1:2740 SUP2:2695 RESIST1:2840 RESIST2:2925 TRADING STRATEGY: SELL ON RISE CAPITALSTARS.COM +919200099927 +919977499927
CS CRUDE (JULY) OVERVIEW: TREND CONSOLIDATE SUP1:6160 SUP2:6110 RESIST1:6290 RESIST2:6335 TRADING STRATEGY: SELL ON RISE CAPITALSTARS.COM +919200099927	CS JEERA (AUGUST) OVERVIEW: TREND CONSOLIDATE SUP1:11250 SUP2:11000 RESIST1:11700 RESIST2:11820 TRADING STRATEGY: BUY ON DIPS CAPITALSTARS.COM +919200099927
CS GOLD (AUG) OVERVIEW: TREND CONSOLIDATE SUP1:27300 SUP2:27100 RESIST1:27700 RESIST2:27960 TRADING STRATEGY: SELL ON RISE CAPITALSTARS.COM +919200099927	CS TURMERIC (AUGUST) OVERVIEW: TREND CONSOLIDATE SUP1:6430 SUP2:6316 RESIST1:6728 RESIST2:6830 TRADING STRATEGY: BUY ON DIPS CAPITALSTARS.COM +919200099927
CS SILVER (SEPTEMBER) OVERVIEW: TREND CONSOLIDATE SUP1:44000 SUP2:43600 RESIST1:45700 RESIST2:46430 TRADING STRATEGY: BUY ON DIPS CAPITALSTARS.COM +919200099927	CS SOYABEAN (OCTOBER) OVERVIEW: TREND CONSOLIDATE SUP1:3690 SUP2:3660 RESIST1:3870 RESIST2:3945 TRADING STRATEGY: SELL ON RISE CAPITALSTARS.COM +919200099927

INDIAN EQUITY MARKET OUTLOOK-07 JULY 2014

INDIAN BENCHMARK have started the trading session on a firm note with the Indices hitting lifetime high. The first Budget session of the 16th Lok Sabha begins today.

FURTHER, Tata Power has decided to sell its 5% stake in PT Kaltim Prima Coal for about $ 250 million to reduce its debt, less than six months after offloading its holding in another Indonesian coal company named PT Arutmin. Adani Ports has formed an equal joint venture with French shipping company CMA CGM to build a container terminal at Mundra in Gujarat.

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. 853cr, as per the provisional figures released by the NSE.

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TOP CORPORATE NEWS-04 JULY 2014

IDBI Bank to raise Rs. 4,000 crore in FY15
IDBI Bank at its meeting held today, approved the proposal for mobilization in one or more tranches of Rs. 4000 crore.

Hindalco slips as a foreign brokerage retains underweight rating
Hindalco Industries fell 1.24% on reports that a foreign brokerage maintained its underweight rating on the stock.

Jain Irrigation up 5%
Jain Irrigation has been issued a letter of intent of project by Himachal Pradesh government involving an outlay of Rs 97.52 crore.

Bharti Airtel rises over 2%; FIIs can invest upto 74% in co
Shares of Bharti Airtel gained more than 2 percent after the Reserve Bank of India allowed foreign institutional investors (FIIs)/registered foreign portfolios investors (RFPIs) to invest up to 74 percent of the paid up capital of company under the portfolio investment scheme.

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