Asia Market Update - Today Asia shares fall for seventh session,

MSCI's broadest index of Asia-Pacific shares outside Japan eased 0.1 percent, to be down 5 percent over the past two weeks.

Asian shares slipped for a seventh straight session on Thursday as a mixed batch of US economic data did nothing to assuage concerns about global growth and deflation, keeping sovereign bonds well supported. Activity was sparse with Japan still on holiday and many investors taking cover ahead of the US jobs report on Friday. 

 

 

MSCI's broadest index of Asia-Pacific shares outside Japan eased 0.1 percent, to be down 5 percent over the past two weeks. "I think what has taken place more than anything else over the past 48 hours is the questioning of the reflation trade that was starting to be latched on by many, especially when you consider the recent price action in the USD, commodities and equities," CitiFX analysts said in a note.

"If that reflation trade notion is in fact dying, the unwind of the past few weeks of price action would potentially be the more significant reaction in markets." One shift already under way was a revival in demand for sovereign bonds, a favored hedge against deflation. Yields on 10-year US Treasury notes were at their lowest in two weeks at 1.777 percent, a notable rally from last week's top of 1.94 percent.

The equivalent yield in Australia has plunged no less than 31 basis points in the past week as record-low core inflation forced the central bank to cut its cash rate to an all-time low. The rush to bonds has left equities out in the cold.

The Dow ended Wednesday down 0.56 percent, while the S&P 500 eased 0.59 percent and the Nasdaq 0.79 percent. The pan-regional FTSEurofirst 300 index fell 1.2 percent to its lowest close in nearly four weeks. 

 

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Air India likely to make 6% profit this fiscal

Air India - For the first time since merger of Indian Airlines into Air India, the national carrier is likely to report an operating profit of about Rs six crores in the current fiscal, owing to a combination of factors including lower fuel costs and Dreamliner operations, among others. 

The Dreamliners (Boeing 787-800) are helping the company to turnaround it's business in a big way, said Anil Mehta, the Officer on Special Duty (OSD) to the AI Chairman and Managing Director.At present, the state-run carrier has 21 Boeing 787-800 aircraft in its fleet of 107 planes.
 

"These (Dreamliner) aircraft have reduced our operating costs and increased our operating revenues in recent years... we will post an operating profit in the range of Rs 6 to Rs 7 crore this year," Mehta said during a press conference here today.
 

Mehta claimed that unlike the older aircraft having 195 seat capacity, the new Dreamliner is capable to take 256 passengers in single flight, enabling Air India to cover it's costs for the flights it operates through these aircraft.
 

"Such increase in seat capacity is a decisive factor in this business, as we are now able to take more passengers in single flight," he said.In addition, these aircraft burn less fuel and that has helped the airline reduce its fuel bill and the subsequent reduction in losses as well, he said.
 

Civil Aviation Secretary R N Choubey had also early last month said Air India was going to report operating profit, about Rs six crore, in this financial year.The airline is benefiting from fall in crude oil prices and improved operational efficiency, he had said.Besides, better on-time performance and increased availability of passenger aircraft have helped (Air India) in improving operational efficiency, Choubey had said.

CCEA Gives Nod For Creating Buffer Stock Of Pulses

CCEA - The Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved proposal for creation of buffer stock of pulses with effective from current year itself. 

The Cabinet has approved procurement of about 50,000 ton pulses from the kharif crop 2015-16 and one lakh ton out of arrivals of rabi crop of 2015-16. Procurement of pulses will be done at market prices through Food Corporation of India (FCI), National Agricultural Cooperative Marketing Federation of India Ltd. (NAFED), Small Farmers’ Agribusiness Consortium (SFAC) and any other agency as may be decided,” according to an official statement.
 

The procurement in kharif and rabi 2015-16 will be done at market price above Minimum Support Price (MSP) out of the Price Stabilisation Fund.
 

The CCEA also decided to import pulses, if necessity arises, through a public sector enterprise of Ministry of Commerce. In case the prices fall below MSP, pulses for buffer stock will be procured at MSP under price support scheme of department of agriculture, cooperation and farmers welfare.
 

The decision to create a buffer stock of pulses to deal with wide fluctuation in prices is an important step for checking food inflation. This will also encourage farmers to take up pulses production on a larger scale and will enable India to help achieve self-sufficiency in pulses in a few years.
 

Although India is the highest producer of pulses in the world, its domestic demand outstrips domestic production. Though, the shortfall is met from imports, but long-term solution to meet demand for pulses lies in increasing pulses production in the country.
 

The government promotes cultivation of pulses mainly through NFSM which covers 622 districts in 27 states for Pulses. Around 50 per cent allocation of NFSM is made for pulses. Under NFSM financial assistance is given for various interventions like demonstration of improved technology, distribution of quality seeds of new varieties, integrated pest management, water saving devices and capacity building of farmers.

Zinc Drops nearly 4% in the Domestic Market

Zinc plunged nearly 4 per cent in the domestic market on Tuesday as metal commodities bore the brunt of China’s move to devalue its currency by the most in two decades, raising concerns that a devalued currency may curtail Chinese buying of the industrial metal as commodity imports become more expensive for the world’s biggest metals consumer.The People’s Bank of China cut its daily reference rate by a record 1.9 %, prompting the biggest slide in the yuan since January 1994 after the country’s trade slump deepened while producer prices tumbled to a six-year low . The move to devalue the currency also signaled the extent of panic among Chinese officials to revive an economy set for the lowest growth in two decades.Meanwhile, investors cast aside data which showed that Chinese lending picked up in July, mainly attributed to efforts to revive a beaten down stock market. Chinese banks and financial institutions issued 1.48 trillion yuan worth of new loans in July, up from 1.28 trillion yuan in June.

At the MCX, Zinc futures for August 2015 contract closed at Rs per 116.15 1 kg, down by 3.85 per cent after CRACKING at Rs 120.10, against the previous closing price of Rs 120.80. It touched the intra-day low of Rs 115.95.

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Oil succumbs to renewed sell-off

Oil was back in Bear terrain on Thursday as a stronger dollar wreaked havoc, overshadowing a sizeable drop in US weekly production and inventory levels reported by the EIA a day earlier.A stronger dollar cut the demand for crude as an alternative asset. Stronger greenback makes dollar-denominated commodities such as oil more expensive for those holding other currencies, thus dimming demand.Dollar’s strength outweighed the 151,000 barrels dip in US crude production and a bigger than expected drop of 4.2 million barrels in US storage levels last week that eased worries over a global supply glut.Meanwhile, US economic data came in mixed as a pickup in economic growth in Q1 contrasted with an increase in the number of applications for seeking jobless benefits. The world’s biggest economy expanded at an annualized pace of 2.3 per cent in the June quarter following a revised 0.6 per cent gain in Q1 driven by solid gains in consumer spending. Jobless claims climbed by 12,000 to 267,000 in the week ended July 25, 2015.Oil may rebound today on hopes that a pickup in US economic growth may bolster demand for the fuel in the world’s biggest oil consumer.

At the MCX, Crude oil futures, for the August 2015 contract, closed at Rs 3,132 per barrel, down by 0.51 per cent, after opening at Rs 3,144, against the previous close price of Rs 3,148. It touched an intraday low of Rs 3,122.

 

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Natural Gas jumped by more than 2 per cent in the domestic market on Wednesday as investors and speculators booked fresh positions in the energy commodity as forecasts for warm weather across parts of the US boosted the demand outlook for the power plant fuel which is used to fire up air conditioners.Latest weather forecasting models have called for a heat wave in the US East Coast and most parts of the Midwest over the next five days. About 49 per cent of American households use natural gas for cooling purposes at offices and homes.

            All eyes are on the weekly EIA storage data due on Thursday which may show a build of 55 billion cubic feet last week, compared to 88 billion cubic feet a year ago and a five-year average gain of 48 billion cubic feet.
                    At the MCX, Natural Gas futures for August 2015 contract closed at Rs 183.50 per 1 kg, up by 2.06 per cent after opening at Rs 181.20, against the previous closing price of Rs 179.80. It touched the intra-day high of Rs 184.10 till the closing.

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Natural Gas tumbles after US supply data

Natural Gas plunged in the domestic market on Thursday as investors and speculators exited positions in the energy commodity after data showed that supplies remain at more than adequate levels amidst limited cooling demand for the power plant fuel due to mostly moderate temperatures.US gas supplies climbed by 61 billion cubic feet to 2.828 trillion cubic feet in the week ended July 17, 2015. Gains in supplies last week compare to 70 billion cubic feet expected by analysts and followed a build of 99 billion cubic feet in the prior week. The five-year average gain was 53 billion cubic feet while supplies rose by 92 billion cubic feet in the same week a year ago. Further, US gas stockpiles were 622 billion cubic feet higher than year ago levels and 81 billion cubic feet above the five-year average of 2.747 trillion cubic feet for the same time of the year.

At the MCX, Natural Gas futures for July 2015 contract closed at Rs 180.90 per 1 kg, down by 1.63 per cent after opening at Rs 183.90, against the previous closing price of Rs 183.90. It touched the intra-day low of Rs 180.30 till the closing.

 

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Mcx Commodity Tips : Extending a freefall, crude oil shed nearly 1 %

Mcx Commodity Tips : Extending a freefall, crude oil shed nearly 1 per cent in the domestic market on Wednesday as investors and speculators exited positions in the energy commodity as a surprise rise in US oil storage last week threatened to exacerbate a global supply glut. Crude oil stockpiles in the US climbed by 384,000 barrels to 465.8 million barrels in the week ended July 3, 2015, the EIA said, in contrast to analysts’ estimates for a drop of 700,000 barrels. Total US oil supplies are at the highest level in at least 80 years. Supplies at Cushing, the biggest US oil storage hub, climbed by 223,000 barrels last week, the report added. Meanwhile, the deepening stock market rout in China, the world’s second biggest energy consumer and fears over Greece exiting the euro forced a flight away from risky assets. China’s stocks sank nearly 6 per cent on Wednesday as traders unwind margin bets at a high record rate, eroding as much as USD 3.5 trillion of value from the country’s equities. Further, Greece has been handed out a Thursday deadline by European leaders to submit fresh economic reform measures including spending cuts to press for a new bailout and remain in the euro. Adding to Oil’s woes, the Federal Reserve in the minutes of its latest policy meet in June warned of the potential risks to the US economy from the turmoil in Greece and China. Oil may extend losses today as burgeoning US crude oil supplies raise bets that the oil market remains oversupplied. At the MCX, Crude oil futures, for the July 2015 contract, closed at Rs 3,276 per barrel, down by 0.91 per cent, after opening at Rs 3,296, against the last close price of Rs 3,306. It touched an intraday low of Rs 3,245.

For more info click here : Mcx Commodity Tips

Mcx Commodity tips and Updates for 8 July 2015

Mcx Commodity tips : Extending a decline from Monday, the yellow metal fell prey to a steep sell-off with prices tanking more than 1 per cent in the domestic market on Tuesday as a stronger dollar curbed the demand for the bullion as an alternative asset. The dollar spiked against a basket of key currencies as investors sought shelter in the safety of the greenback as fears over Greece exiting the euro heightened as European leaders held an emergency summit to decide Greece’s fate in the euro. After European leaders set a Sunday deadline for Greece to submit a new set of reforms or face the ugly consequences of being pushed out of the common currency. German chancellor Angela Markel conceded that she wasn’t very optimistic over a solution to Greece’s five-year debt troubles while an event of a Greek exit from the euro threatens to undermine the credibility of the euro that was meant to be irreversible, casting doubts over the strength of the region’s economic, monetary and political integration, prompting an exit from risky assets and bolstering safe haven demand for the US currency. Gold may trade on a subdued note today as trader’s eye the FOMC minutes which may offer cues over the timing of a maiden rate lift-off since 2006. At the MCX, Gold futures for August 2015 contract closed at Rs 26,032 per 10 gram, down by 1.12 per cent after opening at Rs 26,276, against the last closing price of Rs 26,328. It touched the intra-day low of Rs 25,883 till the closing.

For More Info Click here : Mcx Commodity tips

Mcx Gold Tips and Updates for 7 July 2015

Mcx gold tips : The yellow metal succumbed to slim losses in the domestic market on Monday as the strength of the dollar held back demand for Gold as an alternative asset. The dollar rallied as investors sought shelter in safe haven assets after a decisive “no” vote at a Greek bailout referendum raised the risk of the country’s exit from the euro, prompting investors to cut risky bets. Sunday’s referendum results showed that 61 % of Greeks voiced against further spending cuts and tax hikes imposed by the country’s creditors, pushing Greece into an economic unknown with its euro membership now in limbo. Euro area finance ministers and leaders will hold an emergency meeting on Tuesday with German Chancellor Angela Merkel warning that time is running out for Greece to reach a plan to remain a part of the euro while the European Central Bank (ECB) tightened liquidity norms for the cash-strapped Greek banking and financial system. However, gold received some support from speculation of further aggressive policy easing measures in China to stem a stock market rout, which may help bolster gold demand in one of the world’s leading bullion consumers. The precious metal may ink a rebound today as traders eye the outcome of a Euro area emergency meet to discuss Greece, bolstering safe haven inflows into the bullion.

At the MCX, Gold futures for August 2015 contract closed at Rs 26,328 per 10 gram, down by 0.09 per cent after opening at Rs 26,369, against the last closing price of Rs 26,352. It touched the intra-day low of Rs 26,187 till the closing.

For more info click here: Mcx gold tips

Mcx Commodity tips : Maize prices closed higher by 0.92 %

Mcx Commodity tips : Maize prices closed higher by 0.92 per cent on Friday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of a rise in the demand from exporters and poultry industries. At the NCDEX, maize futures for July 2015 contract closed at Rs. 1,209 per quintal, up by 0.92 per cent, after opening at Rs. 1,204 against the previous closing price of Rs. 1,198. It touched the intra-day high of Rs. 1,211.

Jeera prices closed lower by 1.88 per cent on Friday at the National Commodity & Derivatives Exchange Limited (NCDEX) on account of a surge in the supply from the producing regions in the midst of a decline in the export demand. At the NCDEX, jeera futures for July 2015 contract closed at Rs. 15,885 per quintal, down by 1.88 per cent, after opening at Rs. 16,150 against the previous closing price of Rs. 16,190. It touched the intra-day low of Rs. 15,725.

For More Information click here : Mcx Commodity tips

Zinc Futures Pummeted 1.5 % in the Domestic

Zinc futures plummeted 1.5 per cent in the domestic market on Thursday as investors and speculators exited positions in the industrial metal amid weak physical demand for Zinc in the domestic spot market. Further, new home prices in China, the world’s biggest metals consumer, fell in May while FDI growth weakened, dampening the demand outlook for the base metal. New home prices in China fell in 41 out of 70 cities tracked by the government survey in May 2015 from the previous month, while China’s outbound FDI grew 7.8 %, year on year in May 2015, missing analysts’ expectations for an annual 8 per cent rise and compared to a 10.5 per cent increase in April 2015 from the same month a year ago.

At the MCX, Zinc futures for June 2015 contract closed at Rs 131.15 per 1 kg, down by 1.50 per cent after opening at Rs 133.35, against the last closing price of Rs 133.45. It touched the intra-day low of Rs 131.10 till the closing.

Morning Trading Calls for 19 June 2015

NIFTY BONANZA

NIFTY BONANZA: BTST BANK NIFTY HIT 1S TGT 17780 CMP BOOK PART PROFIT 

NIFTY BONANZA

NIFTY BONANZA: BTST BANK NIFTY HIT FINAL TGT 17880 HIGH OF 17979.90 BOOK FULL PROFIT

ULTRA EQUITY

ULTRA CASH: BUY JUSTDIAL IN THE RANGE 1174-1175 TGTS 1185/1200 SL 1162 

NIFTY FUTURES

NIFTY: BUY BANK NIFTY ABOVE 17775 TGTS 17815/17875/17975 SL 17715 

ULTRA EQUITY

ULTRA CASH: SELL JSWSTEEL BELOW 885 TGTS 877/867 SL 895

EQUITY TIPS

CASH: BUY RALLIS ABOVE 229 TGTS 231/234/239 SL 226

Mcx Commodity Tips For 18 June 2015

Stock Market News : Gold futures ended lower in the domestic market on Wednesday as the US Federal Reserve moved closer to undertaking the maiden interest rate lift-off since 2006 even as it signaled a more gradual pace of subsequent monetary tightening. The Fed, which kept its key interest rate unchanged near zero signaled strong progress in the labour market since its last meet in April with new forecasts pointing to a two-quarter-point rate rise in 2015, dimming the lure for the bullion as a store of value. The world’s top central bank said that it will be extremely patient in raising interest rates over the next two and a half years, as it signaled slower than anticipated rate hikes in 2016. Meanwhile, a weaker dollar boosted the demand for Gold as an alternative asset. Weaker greenback makes Gold cheaper for those holding other currencies, thus bolstering demand, trimming losses in the Bullion. Meanwhile, traders continued to eye events in Greece with Europe insisting on the country to undertake spending cuts worth 2 billion euro in order to secure further aid before the loan-repayment deadline expires in late June. Gold may fall steeper today as the Fed signaled a rate hike this year.

At the MCX, Gold futures for June 2015 contract ended at Rs 26,880/10 gram, down by 0.28 after opening at Rs 26,919, against the last closing price of Rs 26,956. It touched the intra-day low of Rs 26,803 till the closing.

Morning Trading Calls

ULTRA EQUITY

ULTRA CASH: BUY DHFL ABOVE 428 TGTS 432/442 SL 423

EQUITY HNI

EQUITY HNI: BUY PEL ABOVE 939 TGTS 950/965 SL 924

EQUITY TIPS

CASH: BUY PIDILITIEND ABOVE 538 TGTS 542/550/565 SL 533

NIFTY BONANZA

NIFTY BONANZA: BTST BANK NIFTY HIT 1ST TGT 17600 HIGH OF 17686 NEAR TO OUR FINAL TGT 17700 CMP 17650 BOOK PART PROFIT

ULTRA EQUITY

ULTRA CASH: BUY HDFC ABOVE 1211 TGTS 1221/1236 SL 1199

EQUITY HNI

EQUITY HNI: BUY JSWSTEEL ABOVE 865 TGTS 875/900 SL 850

EQUITY TIPS

CASH: BUY DHFL ABOVE 427 TGTS 431/436/444 SL 422

Stock Market News And Updates for 17 June 2015

Stock Market News : Zinc futures closed with significant losses in the domestic market on Tuesday as investors and speculators exited positions in the industrial metal amid weak physical demand for Zinc in the domestic spot market. Moreover, economic sentiment in Germany plunged to the lowest level in seven months in June as fears over Greece threatened to stall the recovery of Europe’s biggest economy, clouding the demand outlook for industrial metals.

The gauge measuring German economic sentiment fell to 31.5 in June from 41.9 in May, ZEW said. Further, American builders broke ground on fewer homes in May as housing starts slumped 11.1 per cent to a 1.04 million annualized rate, signaling a cooling housing recovery in the world’s biggest economy, exasperating losses in the industrial metal. At the MCX, Zinc futures for June 2015 contract ended at Rs 134.15/1 kg, down by 0.67 per cent after opening at Rs 135.25, against the last closing price of Rs 135.05. It touched the intra-day low-lying of Rs 133.65 till the closing.

Natural Gas futures ended with modest losses in the domestic market on Tuesday as investors and speculators resorted to profit booking in the energy commodity following the sharp gains in the previous session when prices spiked over 4 per cent as warmer weather outlook in the US bolstered the demand prospects for the fuel which is used to fire up power plants as air conditioning demand rises at offices and homes. Latest weather forecasting models called for warmer-than-average temperatures in the eastern third of the US through June 24, 2015. About 49 per cent of American households use natural gas for cooling purposes. At the MCX, Natural Gas futures for June 2015 contract closed at Rs 184.70 per 1 kg, down by 0.38 per cent after opening at Rs 186, against the previous closing price of Rs 185.40. It touched the intra-day low-lying of Rs 182.50 till the closing.

Morning Trading Calls For 17 June 2015

ULTRA EQUITY

ULTRA CASH: BUY UBL ABOVE 890 TGTS 900/920 SL 878

EQUITY HNI

EQUITY HNI: BUY THERMAX ABOVE 935 TGTS 945/960 SL 920

EQUITY TIPS

CASH: BUY CENTRALBK ABOVE 100 TGTS 101/103/106 SL 98.50

NIFTY FUTURES

NIFTY: BUY BANK NIFTY ABOVE 17620 TGTS 17660/17715/17815 SL 17555 

STOCK OPTIONS

OPTION: BUY IRB 230 CALL ABOVE 2.50 TGTS 3.50/5/7.50 SL 1

ULTRA OPTIONS

ULTRA OPTION: BUY IDEA 170 CALL ABOVE 3 TGTS 4/6 SL 2

EQUITY TIPS

CASH: SELL KTK BANK BELOW 129.60 TGTS 128.60/126.60/123.60 SL 131.10 

EQUITY HNI

EQUITY HNI: BUY NAUKRI ABOVE 815 TGTS 825/845 SL 800

MCX COMMODITY TIPS AND UPDATES FOR 16 JUNE 2015

Stock Market News : Starting the week on a rather gloomy note, crude oil prices retreated more than 1 per cent in the domestic market on Monday as trader’s exited positions in the energy commodity as heightened fears over a supply glut plaguing the global oil market marred sentiment. OPEC members Saudi Arabia, Iraq and the UAE, are all pumping oil at record rates, overshadowing a drilling slowdown in the US amid the twenty-seventh straight weekly drop in US oil drilling rig count. A surprise drop in US industrial output in May signaled weakness in the world’s biggest economy that succumbed to a contraction earlier in the year, darkening the demand outlook for the fuel. US industrial production fell 0.2 per cent in May 2015 from the previous month, when it shrank a revised 0.5 per cent. Moreover, manufacturing activity in the New York region shrank in June, adding to investor jitters. The gauge measuring manufacturing activity in the New York region fell to -2 in June from 3 in May, with a reading below zero signaling contraction. Oil may rebound today as the sharp losses in the fuel in recent sessions offer investors, a good bargain buying opportunity, at existing levels.

At the MCX, Crude oil futures, for the June 2015 contract, closed at Rs 3,818 per barrel, down by 1.04 per cent, after opening at Rs 3,852, against the last close price of Rs 3,858. It touched an intraday low of Rs 3,770.

Morning Calls For Trading:

STOCK FUTURES

FUTURE: SELL DLF BELOW 107.80 TGTS 107.05/105.90/104.05 SL 108.80 

ULTRA FUTURES

ULTRA FUTURE: BUY JUBILANT FOOD ABOVE 1765 TGTS 1785/1799 SL 1755 

EQUITY TIPS

CASH: SELL RELCAPITAL BELOW 346.60 TGT 343.20/338.20/331.20 SL 349.40 

ULTRA FUTURES

FUTURE: SELL IRB INFRA BELOW 222.65 TGTS 221.15/218.35/214.85 SL 224.65 

STOCK FUTURES

FUTURE: DLF HIT 1ST TGT 107.05 LOW OF 106.50 BOOK PART PROFIT 

STOCK FUTURES

FUTURE: SELL JSWENERGY BELOW 99 TGTS 98.25/97.25/96 SL 100

Stock Market News And Updates For 15 June 2015

Stock Market News : Gold futures ended on a flat note in the domestic market on Friday as investors and speculators stayed cautious over booking fresh positions in the precious metal ahead of the Federal Reserve’s two-day policy meet beginning this Tuesday where the world’s top central bank may offer further cues over when it plans to raise interest rates for the first time since 2006. Producer prices in the US returned to positive terrain in May led by the biggest jump in fuel costs in at least five years, signaling a pickup in inflation in the world’s biggest economy, bolstering the case for a near-term rate hike, dimming the lure for the bullion as a store of value. US producer price index climbed 0.5 per cent in May 2015 from the last month, when it fell 0.4%. Rising wholesale prices, coupled with a rise in consumer confidence in June, jump in May retail sales and upbeat May payroll numbers may prompt the Fed to bring forward its timetable for a rate lift-off. Gold may continue to trade on a subdued note today amid Fed caution while Greece debt talks will also be eyed as it scrambles to reach a negotiation with its creditors who are demanding stricter and more austere economic reform conditions to enable the country secure further aid even with the June -end loan re-payment deadline approaching fast.

At the MCX, Gold futures for June 2015 contract closed at Rs 26,894 per 10 gram, up by 0.007 after opening at Rs 26,904, against the last ending price of Rs 26,892. It touched the intra-day maximum of Rs 26,975 till the closing.

Stock Market Tips and News for 11 June 2015

Stock Market Tips : Natural Gas futures winged in the domestic market, hitting a three-week high in the overseas market on Wednesday as investors and speculators booked fresh positions in the energy commodity amid bets that warmer than normal temperatures across many regions in the US through June 18 may bolster the demand for the fuel as cooling need arises. All eyes are on Thursday’s storage data which may show a build of 110 billion cubic feet in US gas supplies in the week ended June 5. Supplies rose 109 billion cubic feet in the same period a year ago while the five-year average build was 89 billion cubic feet.

At the MCX, Natural Gas futures for June 2015 contract closed at Rs 185.10/1 kg, up by 1.42 % after opening at Rs 183, against the last closing price of Rs 182.50. It touched the intra-day high of Rs 187.10 till the closing.

Morning Trading Calls

STOCK FUTURES 

FUTURE: SELL APOLLO TYRE BELOW 163.80 TGTS 163.05/161.80/160.05 SL 164.80 

STOCK FUTURES 

FUTURE: APOLLO TYRE HIT 1ST TGT 163.05 LOW OF 162.05 BOOK PART PROFIT 

STOCK FUTURES 

FUTURE: SELL JUBILANT FOOD BELOW 1757 TGTS 1751/1741/1726 SL 1765 

INTERNATIONAL FOREX PACK 

I FOREX: BUY GBP/JPY ABOVE 190.80 TGTS 191.00/191.30 SL 190.60 

ULTRA EQUITY 

ULTRA CASH: SELL BHARATFORGE BELOW 1145 TGTS 1135/1115 SL 1160 

STOCK FUTURES 

FUTURE: BUY AURO PHARMA ABOVE 1324 TGTS 1330/1340/1354 SL 1316 

STOCK FUTURES 

FUTURE: JUBILANT FOOD HIT 1ST TGT 1751 LOW OF 1746.20 BOOK PART PROFIT 

EQUITY HNI 

EQUITY HNI: BUY CENTRALBK ABOVE 99.75 TGTS 101.25/103.75 SL 97.75 

STOCK OPTIONS 

OPTION: BUY HINDPETRO 700 CALL ABOVE 22 TGTS 24/27/32 SL 19 

NIFTY BONANZA 

NIFTY BONANZA: BTST BANK NIFTY HIT 1ST TGT 17730 HIGH OF 17800 NEAR TO OUR FINAL TGT 17830 BOOK MORE PROFIT 

EQUITY TIPS 

CASH: SELL RALLIS BELOW 221.50 TGTS 219.50/216.50/211.50 SL 224.50

Commodity updates and Market Trading tips for 10 June 2015

Commodity updates : Crude oil futures soared in the domestic market on Tuesday as investors and speculators booked fresh positions in the energy commodity as a bigger than expected draw in US crude oil stockpiles last week signaled a pickup in demand for the fuel in the world’s biggest oil consumer. US crude oil supplies fell by 6.7 million barrels in the week ended June 5, 2015, the American Petroleum Institute said, topping expectations of a decline of less than 2 million barrels. The EIA downgraded its 2016 US production forecast while upgrading its outlook for global oil demand in 2015. US oil output is expected to average 9.27 million barrels per day, below its 9.43 million forecast for 2015. The EIA raised its global oil demand growth estimate for 2015 by 20,000 barrels per day to 1.25 million barrels per day. The estimate for oil demand growth in the US was upped to 380,000 barrels per day from 340,000 barrels per day.

US job openings hit a record high in April while small business confidence picked up to the highest level in five months in May, signaling a fastening recovery in the world’s biggest economy, lifting the demand outlook for the fuel. The number of positions waiting to be filled in the US climbed by 5.2 per cent to the highest level on records dating back to December 2000 at 5.4 million in April. The gauge measuring US small business sentiment climbed 1.4 points to the highest level since December 2014 at 98.3 in May 2015. Oil futures may extend a rally today ahead of the EIA data which may show a sixth straight US inventory drop. At the MCX, Crude oil futures, for the June 2015 contract, closed at Rs 3,854 per barrel, up by 3.3 per cent, after opening at Rs 3,745, against the last close price of Rs 3,731. It touched an intraday high of Rs 3,865 till closing.

Morning Trading Calls

EQUITY TIPS

CASH: BUY VOLTAS ABOVE 331.50 TGTS 334/337/342 SL 328.50

EQUITY HNI

EQUITY HNI: BUY CIPLA ABOVE 590 TGTS 597/607 SL 581

ULTRA EQUITY

ULTRA CASH: BUY HDFC BANK ABOVE 1005 TGTS 1015/1030/1050 SL 993 

STOCK FUTURES

FUTURE: BUY CESC ABOVE 531 TGTS 534/539/546 SL 527

NIFTY OPTIONS

OPTION: BUY NIFTY 8100 CALL ABOVE 115 TGTS 125/140/160 SL 100

Mcx Commodity Tips and Updates for 9 June 2015

Stock Market News : Natural Gas futures sweeped in the domestic market on Monday as investors and speculators booked fresh positions in the energy commodity as a sharp fall in prices in recent sessions offered good bargain buying opportunity in the fuel to investors, at existing levels. Prices hit a 5-week low in the overseas market last week as forecasts for mild weather across the US through mid-June signaled weak demand for the fuel used to fire up power plants, while a hefty stockpile- build also soured sentiment. At the MCX, Natural Gas futures for June 2015 contract closed at Rs 173.20 per 1 kg, up by 3.77 per cent after opening at Rs 167.60, against the last closing price of Rs 166.90. It touched the intra-day high of Rs 174.40 till the closing.

Stock Market News and Updates for 8 June 2015

Stock Market News : Natural Gas futures ended on a bearish note in the domestic and overseas market on Friday as investors and speculators exited positions in the energy commodity as forecasts for mild weather across the US in the coming days dampened the demand outlook for the fuel which is used to fire up power plants as cooling demand arises, even as ample supplies continued to plague sentiment.

At the MCX, Natural Gas futures for June 2015 contract closed at Rs 166.90 per 1 kg, down by 0.71 per cent after opening at Rs 168.70, against the last ending price of Rs 168.10. It touched the intra-day low of Rs 166.4 till the closing.

Maize prices ended lower by 1.64 per cent on Friday 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 offtakes from the local buyers. At NCDEX, maize futures for June 2015 contract closed at Rs. 1,143 per quintal, down by 1.64 per cent, after opening at Rs. 1,158 against the previous closing price of Rs. 1,162. It touched the intra-day low of Rs. 1,141.

Morning calls for 8 June 2015

ULTRA FUTURES

ULTRA FUTURE: BTST LT HIT 1ST TGT 1697 HIGH OF 1697.20 BOOK PROFIT, BUY GIVEN ON FRIDAY @ 1687

STOCK FUTURES

FUTURE: SELL CENTURY TEXTILE BELOW 609 TGTS 606/601/594 SL 613 

STOCK FUTURES

FUTURE: CENTURY HIT 1ST TGT 606 LOW OF 605.45 BOOK PART PROFIT 

ULTRA OPTIONS

ULTRA OPTION: BUY DISHTV 100 CALL ABOVE 2.75 TGTS 3.25/4.25 SL 2 

EQUITY TIPS

CASH: BUY ZEEL ABOVE 339 TGTS 341.50/344.50/350.50 SL 335.50

STOCK FUTURES

FUTURE: SELL ACC BELOW 1426 TGTS 1414/1394/1366 SL 1442

STOCK OPTIONS

OPTION: BUY ADANIENT 120 CALL ABOVE 3.50 TGTS 5.50/8.50/13.50 SL 0.50 

ULTRA EQUITY

ULTRA CASH: BUY HINDPETRO ABOVE 685.50 TGTS 691.50/701.50 SL 678.50 

EQUITY HNI

EQUITY HNI: BUY ORISSAMINE ABOVE 2335 TGTS 2360/2410 SL 2305

EQUITY TIPS

CASH: ZEEL BUY CALL HIT 1ST TGT 341.50 HIGH OF 341.90 BOOK PART PROFIT