Stock Market Tips For 10 April 2015

Stock Market News: Chana prices ended lower by 1.05 % 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 the NCDEX, chana futures for April 2015 contract ended at Rs. 3,852 per quintal, downward by 1.05 %, after opening at Rs. 3,898 against the last ending price of Rs. 3,893. It touched the intra-day low of Rs. 3,842.

Stock Market Tips For 10 April

ULTRA FUTURES 

ULTRA FUTURE: BUY BPCL ABOVE 820 TGTS 825/832 SL 815 

NIFTY FUTURES 

NIFTY: SELL NIFTY BELOW 8794 TGTS 8774/8744/8694 SL 8819 

STOCK OPTIONS 

OPTION: BUY RECLTD 330 CALL ABOVE 14 TGTS 15/16.50/19 SL 12.50 

OPTIONS HNI 

OPTION HNI: BUY JP ASSOCIATE 25 CALL ABOVE 1.70 TGTS 2.10/3.10 SL 1.20 

ULTRA FUTURES 

ULTRA FUTURE: SELL WOCK PHARMA BELOW 1854 TGTS 1849/1842 SL 1859 

STOCK OPTIONS 

OPTION: BUY VOLTAS 300 CALL ABOVE 10.75 TGTS 11.75/13.25/15.75 SL 9.25 

EQUITY TIPS 

CASH: BUY VOLTAS ABOVE 294.50 TGTS 296.50/299.50/304.50 SL 292 

STOCK FUTURES 

FUTURE: BUY BHARAT FORGE ABOVE 1341 TGTS 1347/1357/1371 SL 1333 

ULTRA FUTURES 

ULTRA FUTURE: BPCL MADE A HIGH OF 824.65 NEAR TO OUR 1ST TGT 825 BOOK PART PROFIT AT CMP 824.60 

ULTRA OPTIONS 

ULTRA OPTION: BUY TATAPOWER 80 CALL ABOVE 1.70 TGTS 2.20/3.20 SL 1.20 

EQUITY HNI 

EQUITY HNI: BUY MCX ABOVE 1145 TGTS 1160/1180 SL 1130 

STOCK OPTIONS 

OPTION: VOLTAS 300 CALL HIT 1ST TGT 11.75 BOOK PART PROFIT 

FUTURE BONANZA 

FUTURE BONANZA: BUY HDIL ABOVE 137 TGTS 138.25/140 SL 135.75

Barley prices ended higher by 0.66 % on Thursday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of strong desired from beer and cattle-feed making industries against restricted supply in physical markets. At the NCDEX, barley futures for April 2015 contract ended at Rs. 1,145 per quintal, up by 0.66 %, after opening at Rs. 1,145 against the last ending price of Rs. 1,137.5. It touched the intra-day high of Rs. 1,155.5.

Mustard Seed prices ended lower by 0.14 % 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 desired of mustard meal. At the NCDEX, Mustard Seed futures for May 2015 contract ended at Rs. 3,593 per quintal, downward by 0.14 %, after opening at Rs. 3,600 against the last ending price of Rs. 3,598. It touched the intra-day low of Rs. 3,575.

Maize prices ended lower by 1.09 % on Thursday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of heavy selling activity by the traders on account of higher global supplies and weak off takes from the local buyers. At the NCDEX, maize futures for May 2015 contract ended at Rs. 1,180 per quintal, downward by 1.09 %, after opening at Rs. 1,185 against the last ending price of Rs. 1,193. It touched the intra-day low of Rs. 1,177.

Jeera prices ended higher by 2.78 % 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 the NCDEX, jeera futures for April 2015 contract ended at Rs. 16,820 per quintal, up by 2.78 %, after opening at Rs. 16,545 against the last ending price of Rs. 16,365. It touched the intra-day high of Rs. 17,280.

Crude oil futures surged in the domestic market on Thursday as the hefty losses in the last session a midst a record US stockpile glut, offered good bargain buying opportunity to investors, in the energy commodity, at existing levels.

Further, a Saudi Arabian oil official termed the current decreased in oil prices as “temporary” with crude seen stabilizing at USD 55- USD 60 per barrel amid stronger desired. “I’m very optimistic about recovery of oil prices. The world’s current political, economic or petroleum problems are temporary and their effect on the whole world system is limited”.

A sustained progress in the labour market of the world’s largest economy also lifted the desired outlook for the fuel. Firings in the US slumped to a 15-year low over the past month as average jobless claims in the four weeks ended April 4 stood at 282,250, the lowest since June 2000. Unemployment claims rose by 14,000 to 281,000 last week, lagging estimates of a rise to 283,000. Oil may extend gains today amid uncertainty over negotiations related to Iran’s nuclear program.

At the MCX, Crude oil futures, for the April 2015 contract, ended at Rs 3,215 per barrel, up by 1.04 %, after opening at Rs 3,195, against the last close price of Rs 3,182. It touched an intraday high of Rs 3,250 till the ending.

Gold futures ended lower in the domestic and overseas market on Thursday as investors and speculators exited positions in the precious metal amid renewed fears that the US Federal Reserve is moving towards undertaking a maiden interest rate hike since 2006, dimming the appeal of the bullion as a store of value.

Minutes from the Fed’s newest policy meet in March signaled that policymakers were split over the prospect of an initial rate lift-off in June, a divide that occurred before the insipid March payrolls data was released. Despite the slow downward in the world’s biggest economy evident by recent tepid data, Federal Reserve Bank of New York President William Dudley feels that a June rate hike is still an option if economic data were to pick up over the next couple of months. Gold futures may rebound today amid a pickup in physical desired for the precious metal in Asia.

At the MCX, Gold futures for June 2015 contract ended at Rs 26,521 per 10 gram, downward by 0.89 % after opening at Rs 26,700, against the last ending price of Rs 26,760. It touched the intra-day low of Rs 26,462 till the ending.

Natural Gas futures slumped in the domestic and overseas market on Thursday as investors and speculators exited positions in the energy commodity after US gas supplies rose more than estimated last week, signaling weaker desired for the weather-sensitive fuel in the world’s biggest economy.

At the MCX, Natural Gas futures for April 2015 contract ended at Rs 162.80 per 1 kg, downward by 2.98 % after opening at Rs 168.2, against the last ending price of Rs 167.8. It touched the intra-day low of Rs 162.4 till the ending.

Zinc futures surged in the domestic market on Thursday as investors and speculators booked fresh positions in the industrial metal as a rebound in German industrial output in February signaled a pickup in Europe’s biggest economy, lifting the desired outlook for industrial metals. German industrial output climbed by 0.2 % in February from the last month, when it fell 0.4 

At the MCX, Zinc futures for April 2015 contract ended at Rs 135.65 per 1 kg, up by 1.04 % after opening at Rs 134.15, against the last ending price of Rs 134.25. It touched the intra-day high of Rs 135 till the ending.