INDIAN EQUITY MARKET WRAP UP 2nd APRIL

INDIAN BENCHMARKS halted by April PMI, US Jobs report, Ukraine.

INDIAN EQUITY BENCHMARKS concluded range bound trades by registering marginal losses as sentiment turned sombre after data released today showed that manufacturing activity remained stagnant in April.

Further, Shares of Bata India fell 6 percent after it reported mute growth in March quarter earnings. Its earnings were below estimates of most analysts on the street with same store sales growth at 3-4 percent versus estimates of 4-5 percent. Shares of Maruti Suzuki was down 1% after reporting 11.4% year-on-year decline in volumes at 86,196 units during the month of April.

The crucial resistance for Nifty is now seen at 6780 and above this 6800. Support for the immediate term is now placed at 6650 and next support will be 6600.

NEWS TO WATCH:
· Watch out for the quarterly earnings of Ajanta Pharma, Canara bank, Piramal Enterprises, Century Textile on 5THApril 2014.

CS ROCKING PERFORMANCE OF THE DAY 2nd MAY

STOCK FUTURES:
FUTURES INTRADAY:
JINDAL STEEL FUTURES SELL CALL 3 TG
NMDC FUTURES BUY CALL 2 TG
HINDUSTAN ZINC FUTURES SELL CALL 1 TG (BOOKED AT 124.35)
MARUTI FUTURES SELL CALL 2 TG (BOOKED AT 1891.70)

PREMIUM FUTURES:
AUROBINDO PHARMA FUTURES BUY CALL 1 TG

NIFTY FUTURES:
OPTION:

OPTION PREMIUM:
STOCK CASH:

STOCK CASH INTRADY:
JUST DIAL SELL CALL 3 TG
JINDAL STEEL SELL CALL 3 TG
SESA STERLITE SELL CALL 2 TG
SKS MICRO FINANCE SELL CALL 1 TG
AMTEK AUTO BUY CALL 1 TG (BOOKED AT 185.75)


STOCK CASH PREMIUM:
JINDAL STEEL SELL CALL 3 TG

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

TOP FIVE BUZZING STOCKS 2nd APRIL

FRLDVR
TREND: BULLISH
SUPPORT: 56
RESISTANCE: 67.50

JUST DIAL
TREND: BEARISH
SUPPORT: 1077
RESISTANCE: 1194

AMTEK AUTO
TREND: BULLISH
SUPPORT: 170
RESISTANCE: 186

BATA INDIA
TREND: BEARISH
SUPPORT: 996
RESISTANCE: 1055

SSLT
TREND: BEARISH
SUPPORT: 176
RESISTANCE:192

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

TOP CORPORATE NEWS 2nd MAY 2014

·  Bata falls 6% on SSS growth woes
Shares of Bata India  fell 6 percent after it reported mute growth in March quarter earnings. Its earnings were below estimates of most analysts on the street with same store sales growth at 3-4 percent versus estimates of 4-5 percent.


·  M&M falls 2% on low April sales, unseasonal rains impact
Shares of M&M slumped over 2 percent, as its sales in April were low. It reported 11 percent decline in total tractor sales at 20,731 units in April. The company had sold 23,202 units in the same month last year.


·  IDBI up 5%, co confident of improving asset quality in FY15
Shares of IDBI Bank jumped over 5 percent as it is reacting positively to its March quarter results. Its March quarter operating profit rose 16 percent to Rs 1850 crore while net interest income grew 9 percent to Rs 1574 crore.


·  Maruti Suzuki stock down on weak sales
Shares of Maruti Suzuki India was down 1% after reporting 11.4% year-on-year decline in volumes at 86,196 units during the month of April.

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

DAILY COMMODITY MARKET STRATEGY 2nd MAY 2014

BASE METAL WRAP: Copper prices fell to a two-week low on Thursday, following the release of disappointing data on China’s manufacturing sector and after Federal Reserve decided to taper its monthly bond-buying program by $10 billion for the fourth consecutive meeting.

ENERGY WRAP: Crude futures fell on Thursday after a Chinese factory barometer missed market forecasts, though positive spending and factory data out of the U.S. cushioned losses.

PRECIOUS METAL WRAP: Gold headed for a weekly loss after the Federal Reserve pressed on with cuts to stimulus amid signs of a recovery in the U.S. and holdings in the largest bullion-backed exchange traded fund contracted to a five-year low.

GLOBAL EVENTS TO WATCH: PPI q/q, Construction PMI, Non-Farm Employment Change, Unemployment Rate, Average Hourly Earnings m/m, Factory Orders m/m.

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

AGRI COMMODITY	BULLIONS COMMODITY
CS CHANA (MAY) OVERVIEW: TREND BEARISH SUP1:3040 SUP2:2960 RESIST1:3142 RESIST2:3182 TRADING STRATEGY: SELL ON RISE CAPITALSTARS.COM +919200099927 +919977499927	CS COPPER (JUNE) OVERVIEW: TREND BEARISH SUP1: 405 SUP2:401 RESIST1:410 RESIST2:416 TRADING STRATEGY: SELL ON RISE CAPITALSTARS.COM +919200099927
CS JEERA (MAY) OVERVIEW: TREND CONSOLIDATE SUP1:10300 SUP2:10200 RESIST1:10840 RESIST2:11280 TRADING STRATEGY: BUY ON DIPS CAPITALSTARS.COM +919200099927	CS CRUDE (MAY) OVERVIEW: TREND BEARISH SUP1:5930 SUP2:5825 RESIST1:6040 RESIST2:6120 TRADING STRATEGY: SELL ON RISE CAPITALSTARS.COM +919200099927
CS TURMERIC (MAY) OVERVIEW: TREND CONSOLIDATE SUP1:6600 SUP2:6470 RESIST1:6852 RESIST2:7122 TRADING STRATEGY: SELL ON RISE CAPITALSTARS.COM +919200099927	CS GOLD (JUNE) OVERVIEW: TREND CONSOLIDATE SUP1:28500 SUP2:28260 RESIST1:28980 RESIST2:29150 TRADING STRATEGY: SELL ON RISE CAPITALSTARS.COM +919200099927
CS SOYABEAN (MAY) OVERVIEW: TREND BULLISH SUP1:4650 SUP2:4535 RESIST1:4855 RESIST2:5080 TRADING STRATEGY: BUY ON DIPS CAPITALSTARS.COM +919200099927	CS SILVER (JULY) OVERVIEW: TREND CONSOLIDATE SUP1:41300 SUP2:39950 RESIST1:42500 RESIST2:43000 TRADING STRATEGY: SELL ON RISE CAPITALSTARS.COM +919200099927

INDIAN EQUITY MARKET OUTLOOK 2nd MAY 2014

INDIAN BENCHMARK started on a firm note following positive global cues with the Nifty likely to reclaim the 6,700 levels in day's trade.

FURTHER, Maruti Suzuki India has dipped nearly 2% after reporting 11.4% year-on-year decline in volumes at 86,196 units during the month of April, against 97,302 units, led by weakness in domestic sales. Petronet LNG Ltd posted a net profit of Rs. 1693.00 million for the quarter ended March 31, 2014 as compared to Rs. 2451.40 million for the quarter ended March 31, 2013.

Trend in FII flows: The FIIs were net buyers of Rs.454cr in the cash segment on Wednesday while the domestic institutional investors (DIIs) were net buyers of Rs. 6cr, as per the provisional figures released by the NSE.

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

DAILY BULLIONS COMMODITY MARKET STRATEGY 1st MAY 2014

BASE METAL WRAP: Copper reached a two-week low in London after manufacturing expanded less than projected in China, the world’s biggest consumer of the metal, casting doubt on the outlook for demand.

ENERGY WRAP: West Texas Intermediate fell to a four-week low after U.S. crude inventories extended a record high. Brent declined amid signs that economic growth slowed in the U.S. and China, the world’s two largest oil consumers.

PRECIOUS METAL WRAP: Gold and silver prices extended losses from the previous session on Thursday, following the Federal Reserve’s decision to taper its monthly bond-buying program by $10 billion for the fourth consecutive meeting.

GLOBAL EVENTS TO WATCH: BOC Gov Poloz Speaks, Manufacturing PMI, Manufacturing PMI, Challenger Job Cuts y/y, Fed Chair Yellen Speaks, Unemployment Claims, Core PCE Price Index m/m, Personal Spending m/m, Personal Income m/m, Final Manufacturing PMI, ISM Manufacturing PMI, Construction Spending m/m, ISM Manufacturing Prices, Natural Gas Storage, Total Vehicle Sales.

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

BULLIONS COMMODITY

CS COPPER (JUNE) OVERVIEW: TREND BEARISH SUP1: 405 SUP2:401 RESIST1:416 RESIST2:422 TRADING STRATEGY: SELL ON RISE CAPITALSTARS.COM +919200099927

CS CRUDE (MAY) OVERVIEW: TREND BEARISH SUP1:5930 SUP2:5825 RESIST1:6040 RESIST2:6095 TRADING STRATEGY: SELL ON RISE CAPITALSTARS.COM +919200099927

CS GOLD (JUNE) OVERVIEW: TREND CONSOLIDATE SUP1:28525 SUP2:28260 RESIST1:28880 RESIST2:29150 TRADING STRATEGY: SELL ON RISE CAPITALSTARS.COM +919200099927

CS SILVER (JULY) OVERVIEW: TREND CONSOLIDATE SUP1:41300 SUP2:39950 RESIST1:42500 RESIST2:43000 TRADING STRATEGY: SELL ON RISE CAPITALSTARS.COM +919200099927