Free Tips And Stock Market News For 20 March 2015

Stock Market News: Gold futures increased in the domestic and overseas market on Thursday as investors continued to ponder Federal Reserve tea leaves on the prospects of a rate increase by June. Prices increased after somewhat dovish comments from Federal Reserve chair Janet Yellen regarding a potential interest rate increase helped the precious metal regained from an extended slump. Further, weaker dollar boosted the desired for gold as an alternative asset, trimming losses in the bullion. Weaker greenback makes gold cheaper for those holding other currencies, thus boosting desired. Gold may trade on a higher note today after the US Fed policy meet. At MCX, Gold futures for April 2015 contract ended at Rs 25,962/10 gram, upward by 1.28 % after opening at Rs 25,740, against the last ending price of Rs 25,637. It touched the intra-day max of Rs 25,997 till the ending.

ULTRA FUTURES

ULTRA FUTURE: SELL KOTAK BANK BELOW 1312 TGTS 1302/1288 SL 1322

EQUITY TIPS

CASH: BUY SINTEX ABOVE 123.30 TGTS 124.30/126.30/131.30 SL 121.80

NIFTY BONANZA

NIFTY BONANZA: KINDLY EXIT BANK NIFTY BUY CALL SL TRIGGERED

NIFTY FUTURES

NIFTY BONANZA: KINDLY EXIT BANK NIFTY BUY CALL SL TRIGGERED

STOCK OPTIONS

OPTION: BUY IDEA 175 CALL ABOVE 5.30 TGTS 5.80/6.55/7.80 SL 4.55

ULTRA EQUITY

ULTRA CASH: BUY NAUKRI ABOVE 841 TGTS 849/859 SL 831

ULTRA FUTURES

ULTRA FUTURE: SELL AXIS BANK BELOW 557.50 TGTS 552.50/545.50 SL 562.50

EQUITY HNI

EQUITY HNI: BUY TORNTPHARMA ABOVE 1161 TGTS 1172/1186 SL 1147

ULTRA OPTIONS

ULTRA OPTION: BUY IDFC 170 CALL ABOVE 1.70 TGTS 2.70/4.70 SL 0.70

ULTRA EQUITY

ULTRA CASH: SIEMENS BUY CALL HIT 1ST TGT 1375 HIGH OF 1377.10 BOOK PART PROFIT

ULTRA EQUITY

ULTRA CASH: BTST BAJAJFINSV HIT FINAL TGT 1500 HIGH OF 1557.65 BOOK FULL PROFIT

ULTRA EQUITY

ULTRA CASH: BUY SIEMENS ABOVE 1360 TGTS 1375/1400/1425 SL 1350

Chana prices closed lower by 0.44 per cent on Thursday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of the steady sowing progress of pulses along with high supplies in major producing states. At NCDEX chana futures for April 2015 contract ended at Rs. 3,609/quintal, downward by 0.44 %, after opening at Rs. 3,628 against the previous closing price of Rs. 3,625. It touched the intra-day low of Rs. 3,595.

Maize prices closed higher by 0.23 per cent on Thursday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of a rise in the demand from exporters and poultry industries. At NCDEX, Maize futures for March 2015 contract ended at Rs. 1,327/quintal, upward by 0.23 %, after opening at Rs. 1,360 against the last ending price of Rs. 1,324. It touched the intra-day high of Rs. 1,360

Barley prices closed lower by 0.6 per cent on Thursday at the National Commodity & Derivatives Exchange Limited (NCDEX) as the investors booked profits at the higher on account of the weak physical markets and also due to the fall in the demand from beer and cattle-feed makers. At NCDEX, barley futures for April 2015 contract closed at Rs. 1,153.5 per quintal, down by 0.6 per cent, after opening at Rs. 1,159.5 against the previous closing price of Rs. 1,160.5. It touched the intra-day low of Rs. 1,144.5.

Jeera prices closed higher by 0.55 per cent on Thursday at the National Commodity & Derivatives Exchange Limited (NCDEX) as the investors increased their holdings in the commodity in the midst limited arrivals from growing regions. At NCDEX, jeera futures for March 2015 contract closed at Rs. 14,590 per quintal, up by 0.55 per cent, after opening at Rs. 14,680 against the previous closing price of Rs. 14,510. It touched the intra-day high of Rs. 14,680.

Mustard Seed prices closed lower by 0.21 per cent on Thursday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of the profit booking by the traders on account of the weak crushing and export demand of mustard meal. At NCDEX Mustard Seed futures for April 2015 contract ended at Rs. 3,382/quintal, downward by 0.21 %, after opening at Rs. 3,396 against the last closing price of Rs. 3,389. It touched the intra-day low of Rs. 3,402.

Crude oil futures increased in the domestic market on Thursday as investors awaited an industry rig count estimate in the U.S. Speaking to reporters in Kuwait City. Crude oil may fall today on account of the recent EIA data which threatens to worsen a global oversupply. At MCX, Crude oil futures, for the March 2015 contract, ended at Rs 2,706/barrel, upward by 1.50 %, after opening at Rs 2,673, against the previous close price of Rs 2,666. It touched an intraday high of Rs 2,754 till the ending.

About Forex News

Rupee gains profit for the 4th day vs Dollar, upward by 17 paise

The Indian rupee today appreciated by 17 paise to close at 62.52 against US dollar after the Federal Reserve's pacifist instance on rates eased discharge concerns. Persistent selling of dollars by banks and exporters due to weakness of dollar in the overseas market also helped the domestic currency close the day bigger. The Indian rupee rupee continues higher at 62.38/dollar as against the last ending level of 62.69/dollar at the Interbank Foreign Exchange (Forex) Market. It firmed upward further to 62.35/dollar on the initial heavy selling of dollars from banks and exporters.

About Derivatives News

Nifty futures opened Gap upward at 8765.50 with +60.80 points from the last day ending at 8704.70. From the morning we saw constantly selling in Nifty Futures, Nifty Futures opened with day maximum of 8815.00 and slided downward, near ending of the market Nifty traded with day low-lying of 8752.60 but at the end Nifty moved and ended positive at 8770.10 with +0.75%, +65.40 points upward. And the full day Nifty Index traded between 8815.00 to 8752.60. At the end of the day Nifty futures Gained profit of 0.69%, +60.30 points upward to end at +8765.00 from the last day closing at 8704.70 with premium of 130.35 points and percent change in open interest of +2.55%.