Thursday, October 25, 2012

COMMODITIES TODAY

USDINR5413.114     -----5360.886







SILVER59494.69      ---58807.31

LONG59104.99TARGET59358.87ST.LOSS58986.94
SHORT59262.09TARGET58965.82ST.LOSS59399.86






GOLD30972.84     ---30777.16

LONG30883.29TARGET30941.63ST.LOSS30856.17
SHORT30928.11TARGET30829.77ST.LOSS30973.83






CRUDE4699.367     ----4600.633

LONG4646.338TARGET4680.885ST.LOSS4630.273
SHORT4669.012TARGET4624.465ST.LOSS4689.727






NICKEL887.4078   ----877.5922

LONG880.5262TARGET885.0093ST.LOSS878.4416
SHORT882.7546TARGET879.3915ST.LOSS884.3184






COPPER428.374    ----424.626

LONG426.2103TARGET427.6199ST.LOSS425.5548
SHORT427.066TARGET425.4764ST.LOSS427.8052






N. GAS190.0656
183.9344

LONG187.5693     T189.1955ST.LOSS186.8131
SHORT189.0095
185.7033ST.LOSS190.5469






ALUM104.1259    ------103.0741







LEAD109.1747  -------108.9253







ZINC99.2028    -----98.0972

Monday, October 22, 2012

NEGATIVE START

Prolonging their southbound journey, Indian benchmarks have made a negative start following subdued global cues. The US markets suffered sharp plunge on Friday with all the major indices losing over one and half a percent, led by tech stocks on some disappointing earnings announcements and poor home sales data while, most of the Asian counters were trading in the red at this point of time as lackluster earnings from leading US companies and a sharp drop in Japan's exports, a key driver of the world's third-biggest economy, dented risk appetites and prompted investors to take profits on recent gains.
Back home, the Indian frontline indices were trading range bound, after a initial fall, ahead of October F&O expiry on Thursday and RBI's policy meet on October 30. The sentiments also remained lower as UB group stocks like United Breweries (Holdings), United Breweries and Kingfisher Airlines tumbled after DGCA suspended flying licence of the group company Kingfisher Airline. However, the losses remain capped, supported by good Q2 numbers announced by IT bellwether TCS. The company, on consolidated basis, registered a rise of 49.25 percent in its net profit at Rs 3434.37 crore for the quarter ended September 30, 2012 as compared to Rs 2301.00 crore for the same quarter in the previous year. Meanwhile, Bajaj Auto too aided the sentiments on reporting rise of 2.05% in its net profit at Rs 740.67 crore for the quarter ended September 30, 2012 as compared to Rs 725.80 crore for the same quarter in the previous year.
On the sectoral front, software witnessed the maximum gain in trade followed by technology and healthcare while, realty, fast moving consumer goods and auto remained the top losers on the BSE sectoral space. The broader indices were trading mixed at this point of time while, the market breadth on the BSE was equally distributed; there were 785 shares on the gaining side against 796 shares on the losing side while 82 shares remain unchanged.  The BSE Sensex opened at 18,655.93; about 27 points lower compared to its previous closing of 18,682.31, and has touched a high and a low of 18,658.91 and 18,600.88 respectively.
The index is currently trading at 18,645.62, down by 36.69 points or 0.20%. There were 12 stocks advancing against 18 declines on the index.
The overall market breadth has been evenly divided with 47.20% stocks advancing against 47.87% declines. The broader indices however, were trading mixed; the BSE Mid cap index was down by 0.18% while, Small cap index rose 0.14%.
The few gaining sectoral indices on the BSE were, IT up by 0.83%, TECk up by 0.54%, and HC up by 0.20%. While, Realty down by 0.96%, FMCG down by 0.83%, Auto down by 0.83%, Metal down by 0.71% and CG down by 0.69% were the top losers on the index.
The top gainers on the Sensex were TCS up by 1.95%, Cipla up by 1.25%, Dr Reddy up by 1.06%, ICICI Bank up by 0.88% and HUL up by 0.79%.
On the flip side, Tata Motors was down by 1.45%, ITC was down by 1.38%, Sterlite Industries was down by 1.35%, Sun Pharma was down by 1.22% and Jindal Steel was down by 1.22% were the top losers on the Sensex.
Meanwhile, in conjunction with the widening of foreign direct investment (FDI) up to 51 percent, in multi-brand retail segment, the industry chamber ASSOCHAM and private sector lender Yes Bank, has come up with a joint report, which foresees about Rs 40,000 crore investment in multi-brand segment of India and expects an organized market growth to Rs 480,000 crore by 2016-17, as compared to 2011-12's Rs 160,000 crore growth. The report indicates that major foreign players are likely to create positive atmosphere for farmers, suppliers, consumers, economy and the enterprise itself.
It argues that FDI in retail will bring in adequate infrastructure, efficient management of supply chain, controlled food inflation, innovative products and new jobs. The study also points out that the foreign intervention will increase affluence among urban consumers, growing preferences for branded products and higher aspirations among youth will drive huge growth in organized retail segment of the country, which is expected to grow faster than total retail at 24% by 2016-17, with respect to stipulated 15% growth of total retail during the same period.
As per the study, the kirana stores are expected to contribute about 61% share of constant value sales, while modern grocery retailers will grow at a CAGR of 11.7% during 2011-16, where traditional grocery retailers is estimated to grow by 8.2%.
The S&P CNX Nifty opened at 5,667.60; about 17 points lower compared to its previous closing of 5,684.25, and has touched a high and a low of 5,672.40 and 5,658.05 respectively.
The index is currently trading at 5,669.55, down by 14.70 points or 0.26%. There were 14 stocks advancing against 36 declines on the index.
The top gainers of the Nifty were TCS up by 1.95%, Cipla up by 1.27%, Cairn up by 1.26%, ICICI Bank up by 0.81% and HUL up by 0.79%.
On the flip side, Ambuja Cement down by 1.94%, Tata Motors down by 1.52%, ITC down by 1.41%, Sun Pharma down by 1.40% and Jindal Steel down by 1.35%, were the major losers on the index.
Most of the Asian equity indices were trading in the red, Shanghai Composite was down by 12.48 points or 0.59% to 2,115.82, Jakarta Composite lost 8.73 points or 0.20% to 4,322.89, KLSE Composite was lower by 2.26 points or 0.13% to 1,664.25, Nikkei 225 plunged by 73.14 points or 0.81% to 8,929.54, Straits Times declined by 8.12 points or 0.25% to 3,041.00, Kospi Composite fell by 19.85 points or 0.99% to 1,924.24 and Taiwan Weighted was down by 64.46 points or 0.87%.
On the other hand, Hang Seng up by 16.60 points or 0.08% to 21,568.36 was the lone gainer.

Friday, October 12, 2012

COMMODITIES CALLS


SILVER 62065.14        --- 61456.86

LONG 61859.98 TARGET 61993.64 ST.LOSS 61797.83
SHORT 62000.33 TARGET 61646.28 ST.LOSS 62164.97






GOLD 31464.83       --- 31237.17

LONG 31353.19 TARGET 31425.92 ST.LOSS 31319.37
SHORT 31405.3 TARGET 31295.77 ST.LOSS 31456.23






CRUDE 4873.896      ---- 4818.104

LONG 4850.628 TARGET 4865.787 ST.LOSS 4843.579
SHORT 4863.476 TARGET 4833.917 ST.LOSS 4877.221






NICKEL 939.5582    ---- 922.6418

LONG 931.9703 TARGET 936.9136 ST.LOSS 929.6716
SHORT 935.8785 TARGET 927.2552 ST.LOSS 939.8884






COPPER 439.2726     ---- 435.9274

LONG 437.6009 TARGET 438.69 ST.LOSS 437.0945
SHORT 438.3666 TARGET 436.7775 ST.LOSS 439.1055

Wednesday, October 3, 2012

MARKETS IN FINE FETTLE

Indian equities continued to trade in fine fettle on back of strong buying in frontline counters in the late morning session. Most of the Asian equity indices were trading in the red after China's services industry weakened and concerns about the ongoing territorial dispute between China and Japan also weighed on investor sentiment. Back home, traders were seen piling up position in Oil &Gas, HC and Realty sector while selling was witnessed in CD , FMCG and Auto sector. Sun Pharma, Dr Reddys Lab, Cipla, Lupin, Ranbaxy Lab, Glaxosmithkline Pharmaceuticals and Divis Lab from HC pack were seen trading in green edging the markets higher. RIL, ONGC, BPCL, Indian Oil Corp and Oil India from Oil &Gas pack were seen trading firm in green. CD majors - Titan Industries, Rajesh Exports and Blue Star were capping the markets' gains. In the scrip specific development, Coal India gained on plan to sign fuel supply agreements by November.  SAIL rose as production jumped 7% in July-September 2012 period.  Religare Enterprises edged higher on getting nod for IFC's $75 million investment. Himadri Chemicals jumped on plan to invest Rs 525 crore for greenfield project at Odisha. RBNL gained on launching 'Big Magic International' in United States.  Govind Rubber soared on plan to set up tyre, bicycle manufacturing facility at Dahej.
The NSE Nifty and BSE Sensex were managing to hold their psychological 5,700 and 18,800 levels respectively. The market breadth on BSE was positive, in the ratio of 1534:783.
The BSE Sensex is currently trading at 18875.85 up by 51.94 points or 0.28% after trading in a range of 18882.21 and 18831.94. There were 19 stocks advancing against 11 declines on the index.
The broader indices were trading in green; the BSE Mid cap index was up by 0.56% and Small cap index was up by 0.74%.
On the BSE sectoral space, Oil &Gas up by 0.91%, HC up by 0.89%, Realty up by 0.62%, Power up by 0.58% and Metal up by 0.51% were the top gainers. While, CD down by 0.33%, FMCG down by 0.18%, Auto down by 0.03% and Bankex down by 0.03% were the top losers.
The top gainers on the Sensex were Dr Reddys Lab up by 2.53%, Hindustan Unilever up by 1.63%, Bharti Airtel up by 1.32%, Sterlite Industries up by 1.24% and RIL up by 1.19%. On the other hand, Jindal Steel down by 3.11%, ITC down by 1.79%, Hero Moto Corp down by 1.50%, BHEL down by 0.78% and Bajaj Auto down by 0.73% was only the loser on the Sensex.
 Meanwhile, the Empowered Group of Ministers (EGoM) on telecom headed by Finance Minister P Chidambaram is likely to meet today and take a decision on the one-time spectrum fee issue. It has been reported that the issue of re-farming of radio waves will also come up for discussion at the EGoM.
While, the incumbent operators had been allocated spectrum beyond the contractual limit of 6.2 MHz without any additional charges by the government, much of the spectrum to be vacated by the telecom companies that lost their licences following a Supreme Court verdict will be reserved for re-farming radio waves in the 900 Mhz band. The Department of Telecommunication (DoT) intends to take back the spectrum allocated to telcos in this band and replace it with airwaves in the 1,800 Mhz band at the time of renewal of licences, mainly, to auction it again.
The EGoM will also be discussing the issue of including additional blocks in its notice inviting application (NIA). Earlier, EGoM had decided to provide 8 blocks of 1.25 Mhz each for auction in this band and three additional blocks when required in some circles, after reserving spectrum for re-farming or reallocating them to companies at the time of their licences renewal. However, DoT in its NIA on September 28 has increased the number of spectrum blocks in 1800 Mhz band for auctions by three, except in Delhi and Mumbai circles. 
The S&P CNX Nifty is currently trading at 5,734.05, up by 15.25 points or 0.27% after trading in a range of 5,738.25 and 5,722.85. There were 32 stocks advancing against 18 declines on the index.
The top gainers of the Nifty were Siemens up by 3.39%, Dr reddy up by 2.65%, IDFC up by 2.65%, Ambuja Cement up by 2.17% and JP Associates was up by 2.09%. While, Jindal Steel down by 3.43%, ITC down by 1.76%, Hero Moto Co down by 1.48%, Axis Bank down by 0.95% and Grasim down by 0.88% were the losers on the index.
Most of the Asian markets were trading in red, Jakarta Composite was lower by 0.11%, KLSE Composite lost 0.59%, Nikkei 225 declined by 0.45%, Straits Times was lower by 0.47% and Taiwan Weighted declined by 0.2% while Hang Seng up by 0.11% was only the gainer.
Markets in China and Korea are closed today for holidays.

COMMODITIES TRADING CALLS


SILVER 63540.54        --- 62203.46

LONG 62719.29 TARGET 63029.6 ST.LOSS 62518.66
SHORT 63919.92 TARGET 63271.36 ST.LOSS 64339.25






GOLD 31574.56       --- 31185.44

LONG 31425.01 TARGET 31481.52 ST.LOSS 31388.48
SHORT 31449.81 TARGET 31349.92 ST.LOSS 31514.39






CRUDE 4963.203      ---- 4758.797

LONG 4888.17 TARGET 4916.521 ST.LOSS 4869.84
SHORT 4851.022 TARGET 4816.175 ST.LOSS 4873.552






NICKEL 997.6655    ---- 972.3345

LONG 978.5299 TARGET 985.7603 ST.LOSS 973.855
SHORT 982.4443 TARGET 978.6243 ST.LOSS 984.9142






COPPER 445.2483     ---- 436.7517

LONG 439.6926 TARGET 441.7918 ST.LOSS 438.3354
SHORT 439.9128 TARGET 438.7184 ST.LOSS 440.685