Morning Bell: May 29, 2013

Key Indian indices are set to open on a soft note today tracking volatile cues from other Asian markets. Back home, caution ahead of Q4 GDP data due on 31st May 2013 & derivative contract expiry may infuse volatility in the market.


Key Events For The Day:

Quarterly Results: ONGC, Tata Motors, NMDC, Cipla.

India M3 Money Supply.

Canada BoC Interest Rate Decision.


Derivative Strategy For The Day:

Buy NIFTY (CMP: 6109) with a Target of 6170 & a Stoploss of 6080.

Buy ONGC (CMP: 334) with a Target of 340 & a Stoploss of 331.

Sell CIPLA (CMP: 397) with a Target of 391 & a Stoploss of 400.

Click on the following link to view the full report:
http://alankit.com/financialservices/pdf1.asp?file=ResearchReports%2FAlankit-DailyMorningOutlook_Mailer_29_May_2013.pdf

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Morning Bell: May 28, 2013

Key Indian indices are set to open on a flat note today tracking volatile trading from other asian markets. Back home, the slightly higher than expected results from Coal India may bring optimism while the cautious sentiment due to Q4 GDP data to be released on 31st May 2013 & derivatives contract expiry due on thursday may keep the markets rangebound today.


Key Events For The Day:

Quarterly Results: Gail India, Colgate Palmolive, DLF Infra.

US Consumer Confidence.


Derivative Strategy For The Day:

Buy NIFTY (CMP: 6083) with a Target of 6145 & a Stoploss of 6050.

Buy BATAINDIA (CMP: 829) with a Target of 841 & a Stoploss of 823.

Sell BIOCON (CMP: 274) with a Target of 268 & a Stoploss of 277.

Click on the following link to view the full report:
http://alankit.com/financialservices/pdf1.asp?file=ResearchReports%2FAlankit-DailyMorningOutlook_Mailer_28_May_2013.pdf

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Morning Bell: May 27, 2013

Key Indian indices are likely to open on a subdued note today following mixed cues from other Asian markets. Back home, the derivatives contract expiry due on Thursday is likely to keep the markets choppy.


Key Events For The Day:

Quarterly Results: Bhushan Steel, Jindal Saw, Jindal Stainless.

US Memorial Day.

UK Spring Bank Holiday.


Derivative Strategy For The Day:

Sell NIFTY (CMP: 5985) with a Target of 5925 with a Stoploss of 6015.

Sell CIPLA (CMP: 409) with a Target of 403 & a Stoploss of 412.

Buy LT (CMP: 1457) with a Target of 1471 & a Stoploss of 1450.

Click on the following link to view the full report:
http://alankit.com/financialservices/pdf1.asp?file=ResearchReports%2FAlankit-DailyMorningOutlook_Mailer_27_May_2013.pdf

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Daily Commodity Outlook: May 24, 2013

The domestic commodity indices ended Thursday’s session on a mixed note. Fall in the Chinese manufacturing index dimmed the demand for industrial commodities as the world’s
second largest economy showed further signs of slowdown.

Out of the four indices at the MCX, two closed lower while two ended in the positive terrain. MCXCOMDEX closed at 3,565.36 down by 0.18%, while MCXMETAL closed at 4,448.04 up by 0.36%, MCXENERGY closed at 3,679.80 down by 1.11% and MCXAGRI ended at 2,284.17 up by 0.78%.


Key Commodities @ MCX:

Crude Oil futures tumbled by more than 1.45% in the domestic market on Thursday as weak manufacturing data from the US and China signaled a deepening economic slowdown in the world’s two biggest crude oil consuming nations, dimming the demand outlook for the fuel.
At the MCX, the June 2013 futures contract for Crude Oil closed at 5215 falling 1.55% whiule the July 2013 contract closed at 5242 falling 1.50%.

Gold futures rebounded in the domestic market on Thursday, rising by more than 1.80% as investors and speculators created fresh positions in the precious metal tracking a rally in the overseas markets as a slump in Chinese manufacturing this month raised concerns over the global economic recovery, dimming the appeal of risky assets including equities, bolstering the demand for the precious metal as a safe haven asset.
At the MCX, the June 2013 futures contract for Gold closed at 26440 gaining 1.54% while the August 2013 contract closed at 26644 gaining 1.85%.


Market Trend For The Day:

Upside Trend: Gold, Silver, Natural Gas.

Downside Trend: Crude Oil, Copper, Nickel, Lead, Zinc.


Click on the following link to view the full report:
http://alankit.com/financialservices/pdf1.asp?file=ResearchReports%2FAlankit_Commodity_Daily_Morning_Outlook_Mailer_24_05_13.pdf

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Morning Bell: May 24, 2013

Key Indian indices are likely to open on a high note today following positive cues from toehr Asian markets. Back home, in absebce of any significant local data, the markets will take cues from Q4FY14 earnings report of corporates due to release today.


Key Events For The Day:

Quarterly Results: Britannia Industries, Crompton Greaves.

US Durable Goods Order.

Japan's MNI Business Sentiment Indicator.


Derivative Strategy For The Day:

Buy NIFTY (CMP: 5966) with a Target of 6025 & a Stoploss of 5936.

Buy HDFC (CMP: 904) with a Target of 914 & a Stoploss of 899.

Sell RELIANCE (CMP: 786) with a Target of 776 & a Stoploss of 791.


Click on the following link to view the full report:
http://alankit.com/financialservices/pdf1.asp?file=ResearchReports%2FAlankit-DailyMorningOutlook_Mailer_24_May_2013.pdf

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Daily Commodity Outlook

The domestic commodity indices ended on a mildly positive note on Tuesday on hopes that improvement in the world’s biggest economy may boost the demand for top industrial commodities in the near future as a top US official said that the Federal Reserve should continue with its bond buying program in the near-term. 

At the Multi Commodity Exchange (MCX), all the indices closed higher on Tuesday. MCXCOMDEX closed at 3,577.09 (up by 0.16 per cent), MCXMETAL closed at 4,410.59 (up by 0.05 per cent), MCXENERGY closed at 3,750.62 (up by 0.24 cent) and MCXAGRI ended at 2,278.45 (up by 0.32 per cent).


Key Commodities @ MCX:

Crude Oil futures posted marginal losses in the domestic market on Tuesday after a report said that US crude oil stockpiles rose last week, signaling weakening demand for the fuel in the world’s biggest crude oil consuming nation.
At the MCX, the Crude Oil futures for May 2013 closed at 5347 gaining 0.06% while the June 2013 contract closed at 5373 gaining 0.04%.

Gold futures posted slim gains in the domestic market on Tuesday as investors eyed the US Federal Reserve Chairman Ben Bernanke’s testimony on the US economy to the Congress and the minutes from the latest FOMC meet on Wednesday which were likely to provide further cues over the next course of policy action from the Fed.
At the MCX, the Gold futures for June 2013 closed at 26110 gaining 0.08% while the August 2013 contract closed at 26243 gaining 0.15%.


Market Trend For The Day:

Upside Trend: Crude Oil, Copper, Natural Gas, Nickel, Lead, Zinc.

Downside Trend: Gold.

Sideways Trend: Silver.

Click on the following link to view the full report:
http://alankit.com/financialservices/pdf1.asp?file=ResearchReports%2FAlankit_Commodity_Daily_Morning_Outlook_Mailer_22_05_13.pdf

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