Today's MCX & NCDEX Tips:
Gold, Silver, Copper, Nickel & Crude Oil

MCX Tips:

Gold is in sideways trend. Gold support is at 25800 and 25650. Resistance is at 26180 and 26450. Gold prices are expected to trade between 26450 & 25850.

Silver is in sideways trend.  Silver support is at 42700 and 42200. Resistance is at 43700 and 44200. Silver prices are expected to trade between 43700 & 42600.

Copper is in slightly negative trend.  Copper support is at 409 & 403. Resistance is at 419 & 422. Sell on high is recommended for the day.

Nickel is in sideways trend. Nickel support at 828 & 823. Resistance is at 841 & 851. Nickel prices are expected to trade between 84 1-823.

Crude is in slightly negative trend. Crude support is at 5300 & 5260. Resistance is at 5400 & 5450. Sell on high is recommended for the day.

Economic Data:

NCDEX Tips:  

JEERA (JUN): Intraday trend for Jeera is expected sideways. 13100 is a good support level and 13500 is a good resistance.

RMSEED (JUN): Rmseed trend is expected sideways. 3500 is a good support and 3560 is intraday resistance.

CHANNA (JUN): Intraday trend for Channa is expected sideways. Support is at 3340 and resistance is around 3400.

SOYREFINED (JUN): Trend for Soya Refined is expected sideways. Intraday support is at 700 and resistance for the day is 708.

CASTORSEED (JUN): Intraday trend for Castor seed is expected sideways. 3250 is a good support and 3350 is intraday resistance.

DHANIYA (JUN): Intraday trend for Dhaniya is expected sideways. Support is at 6800 and resistance is around 7000.

SOYBEAN (JUN): Trend for Soybean is expected sideways. Intraday support is at 3800 and resistance for the day is 3900. 

Tips on Nifty & Stocks to Watch!
Economy News

Nifty: According to daily chart of Nifty, Future has formed bearish engulfing and if closed below 5980 will form bearish engulfing on weekly charts also so outlook is negative for the coming trading sessions. Support for Nifty at 6050 and 6000. Andresistance for Nifty is at 6150 and 6200.

Bank Nifty: According to daily chart of Bank Nifty, Future has formed bearish engulfing and if closed below 12580 will form bearish engulfing on weekly charts also so outlook is negative for the coming trading sessions.Support for Bank Nifty is at 12500 and 12400. And resistance for Bank Nifty is at 12700 and 12800.

Nifty Futures are expecting positive opening by 10-12 points in the range of 5980-5985.


Stocks to Watch:

JSW Steel
Network 18


NEWS:

FDA import alert may lead to $100-mn loss for Wockhardt

After the Ranbaxy-US Food and Drug Administration (US FDA) stand-off, now, pharmaceuticals major Wockhardt is under the scanner, with the U.S. regulator raising an import alert on the company’s export-oriented unit at Waluj, Aurangabad. An import alert results in detention without physical examination of drugs from firms that have not met what U.S. FDA terms good manufacturing practices. In April, the company had said U.S. FDA had inspected its export-oriented injectables unit in Aurangabad. The regulator had issued form 483s, issued when FDA inspectors believe production norms have been violated at a facility.

Sebi could play a role in Ranbaxy-Daiichi episode

The Securities and Exchange Board of India (Sebi) could play a role in the Ranbaxy-Daiichi saga. It could probe the company on the basis of possible violations of the takeover code or under laws governing fraudulent trade practices, if it is found Daiichi’s claims are true and information was withheld on investigations into Ranbaxy by American authorities. Brothers Malvinder Singh and Shivinder Singh, former promoters of Ranbaxy, have denied Daiichi’s allegations. Daiichi had alleged concealment and misrepresentation of information regarding investigations into the company by the U.S. Department of Justice and the U.S. Food and Drug Administration. 

Today's MCX & NCDEX Tips:
Gold, Silver, Copper, Nicckel & Crude Oil

MCX Tips:

Gold is in sideways trend. Gold support is at 25800 and 25650. Resistance is at 26180 and 26450. Gold prices are expected to trade between 26450 & 25850.

Silver is in sideways trend. Silver support is at 42700 and 42200. Resistance is at 43700 and 44200. Silver prices are expected to trade between 43700 & 42600.

Copper is in slightly negative trend. Copper support is at 409 & 403. Resistance is at 419 & 422. Sell on high is recommended for the day.

Nickel is in sideways trend. Nickel support is at 828 & 823. Resistance is at 841 & 851. Nickel prices are expected to trade between 841 823.

Crude is in slightly negative trend. Crude support is at 5300 & 5260. Resistance is at 5400 & 5450. Sell on high is recommended for the day. 


Economic Data:

NCDEX Tips:

JEERA (JUN): Intraday trend for Jeera is expected slightly positive. 13100 is a good support level and 13500 is a good resistance.

RMSEED (JUN): Rmseed trend is expected sideways. 3500 is a good support and 3560 is intraday resistance.

CHANNA (JUN): Intraday trend for Channa is expected sideways. Support is at 3360 and resistance is around 3440.

SOYREFINED (JUN): Trend for Soya Refined is expected sideways. Intraday support is at 700 and resistance for the day is 705.

CASTORSEED (JUN): Intraday trend for Castor seed is expected slightly negative. 3250 is a good support and 3350 is intraday resistance.

DHANIYA (JUN): Intraday trend for Dhaniya is expected slightly positive. Support is at 6800 and resistance is around 7000.

SOYBEAN (JUN): Trend for Soybean is expected slightly negative. Intraday support is at 3800 and resistance for the day is 3900.

Tips on Nifty & Stocks to Watch
Economy News

Nifty: According to daily chart of Nifty, Future broke the major resistance of 6200 but could not sustain above that closed below 6200 so a little correction might come into place which may drag Nifty to 6050 levels. Support for Nifty is at 6050 and 6000. And resistance for Nifty is at 6150 and 6200.

Bank Nifty: According to daily chart of Bank Nifty, Future broke the major resistance of 13200 but could not sustain above that closed below 13200 so a little correction might come into place which may drag it to 12750 levels. Support for Bank Nifty is at 12900 and 12700. And resistance for Bank Nifty is at 13100 and 13300. 


Nifty Futures are expecting negative opening by 30-35 points in the range of 6080-6085.

Stocks to Watch:

Jet Airways
Srei Infra

NEWS:

Daiichi pursuing legal action on ex-shareholders

Daiichi Sankyo, the Japanese parent of Ranbaxy Laboratories, believes that certain shareholders of the Indian company concealed and misrepresented critical information. The company is now pursuing legal remedies. Daiichi Sankyo believes that certain former shareholders of Ranbaxy concealed and misrepresented critical information concerning the U.S. DOJ (Department of Justice) and FDA investigations.  Daiichi Sankyo is currently pursuing its available legal remedies and cannot comment further on the subject at this time. Early last week, Ranbaxy pleaded guilty of making fraudulent statements to the U.S. food and drugs Administration (US FDA) about how it tested drugs at two of its Indian plants and agreed to pay $500 million as penalty.

Quadricycles get govt green signal

Fifteen years after Tata Motors first mooted the idea with its micro car ‘Zing’ at the Delhi Auto Show, quadricycles are set to become a reality for the domestic automobile industry. The government on Wednesday allowed these four-wheeled vehicles to ply within city limits as modes of public transport. But, it’s not Tata that is rolling out the first set of quadricycles for the Indian market. In fact, Tata Motors MD Karl Slym had last month termed the introduction of quadricycles as a regressive step for the industry. Bajaj Auto, with its RE60 quadricycles, plans to replace three-wheelers on the Indian roads.The quadricycles are a significant upgrade over three-wheelers, which are used for commuting in most cities. Quadricycles have fully enclosed body structure — undoubtedly a much safer alternative. 

Today's MCX & NCDEX Tips:
Gold, Silver, Copper, Nickel & Crude Oil

MCX Tips:

Gold is in sideways trend. Gold support is at 26000 and 25850. Resistance is at 26350 and 26570. Gold prices are expected to trade between 26350 & 25850.

Silver is in sideways trend.  Silver support is at 42600 and 42100. Resistance is at 43700 and 44200. Silver prices are expected to trade between 43700 & 42600.

Copper is in slightly positive trend.  Copper support is at 407 & 403. Resistance is at 413 & 416. Buy on dips is recommended for the day.

Nickel is in sideways trend. Nickel support is at 823 & 816. Resistance is at 838 & 845. Buy on dips is recommended for the day.

Crude is in sideways trend. Crude support is at 5300 & 5260. Resistance is at 5400 & 5450. Sell on high is recommended for the day. 


Economic Data:

 

NCDEX Tips:

JEERA (JUN): Intraday trend for Jeera is expected slightly positive. 13250 is a good support level and 13500 is a good resistance.

RMSEED (JUN): Rmseed trend is expected slightly positive. 3500 is a good support and 3560 is intraday resistance.

CHANNA (JUN): Intraday trend for Channa is expected slightly positive. Support is at 3380 and resistance is around 3440.

SOYREFINED (JUN): Trend for Soya Refined is expected slightly positive. Intraday support is at 700 and resistance for the day is 708.

CASTORSEED (JUN): Intraday trend for Castorseed is expected slightly positive. 3300 is a good support and 3350 is intraday resistance.

DHANIYA (JUN): Intraday trend for Dhaniya is expected positive. Support is at 6800 and resistance is around 7000.

SOYBEAN (JUN): Trend for Soybean is expected sideways. Intraday support is at 3900 and resistance for the day is 3950. 

Tips on Nifty & Stocks to Watch!
Economy News

Nifty: According to daily chart of Nifty, Future broke the major resistance of 6200 but could not sustain above that closed below 6200 so a little correction might come into place which may drag Nifty to 6050 levels. Support for Nifty is at 6100 and 6050. And resistance for Nifty is at 6200 and 6250.

Bank Nifty: According to daily chart of Bank Nifty, Future broke the major resistance of 13200 but could not sustain above that closed below 13200 so a little correction might come into place which may drag it to 12750 levels. Support for Bank Nifty is at 12900 and 12700. And resistance for Bank Nifty is at 13100 and 13300.

Nifty Futures are expecting positive opening by 20-25 points in the range of 6140-6145.

Stocks to Watch:

Heidelberg Cement
Srei Infra

NEWS:

Sahara declares its innings

The Sahara group announced withdrawal of its Pune Warriors team from the Indian Premier League (IPL) after the Board of Control for Cricket in India (BCCI) encashed the team’s bank guarantee, said it would also end its sponsorship of the Indian cricket team from the end of the year. BCCI, the governing body for the game in India, encashed the guarantee after Pune Warriors failed to pay the full franchise fee for the current year, casting a shadow on the team’s future in the cash-rich league. Sahara, which had bought the franchise for Rs 1,700 crore in 2010, said it was “disgusted” by BCCI’s attitude towards it and would not rejoin the league even if the entire franchise fee was waived. The company claimed it had bid for the IPL franchise on the basis of revenue calculation of 94 matches. But it got only 64 matches.

After US, India to probe Ranbaxy's documents

In what could be the beginning of fresh troubles for Ranbaxy Laboratories, which has just managed to settle long-pending issues with the U.S. Department of Justice after agreeing to pay a penalty of $500 million, the health ministry in India, too, has decided to initiate a probe. The Drugs Controller General of India (DCGI) had been ordered to examine all the dossiers and drug applications on the basis of which approvals had been granted to Ranbaxy in the past, a ministry source in know of the developments said. The future course of action would be decided after DCGI’s report, expected to come within a month.

Today's MCX & NCDEX Tips
Gold, Silver, Copper, Nickel & Crude Oil

MCX Tips:

Gold is in sideways trend. Gold support is at 26050 and 25900. Resistance is at 26350 and 26570. Buy on dips is recommended for the day.

Silver is in sideways trend. Silver support is at 43000 and 42550. Resistance is at 43600 and 44300. Buy on dips is recommended for the day.

Copper is in sideways trend.  Copper support is at 407 & 403. Resistance is at 412 & 415. Buy on dips is recommended for the day.

Nickel is in sideways trend. Nickel support is at 820 & 814. Resistance is at 835 & 842. Buy on dips is recommended for the day.

Crude is in sideways trend. Crude support is at 5300 & 5240. Resistance is at 5400 & 5450. Buy on dips is recommended for the day. 


Economic Data:
 

NCDEX Tips:

JEERA (JUN): Intraday trend for Jeera is expected slightly positive. 13000 is a good support level and 13250 is a good resistance.

RMSEED (JUN): Rmseed trend is expected slightly positive. 3480 is a good support and 3540 is intraday resistance.

CHANNA (JUN): Intraday trend for Channa is expected slightly positive. Support is at 3380 and resistance is around 3450.

SOYREFINED (JUN): Trend for Soya Refined is expected slightly positive. Intraday support is at 697 and resistance for the day is 705.

CASTORSEED (JUN): Intraday trend for Castorseed is expected sideways. 3250 is a good support and 3330 is intraday resistance.

DHANIYA (JUN): Intraday trend for Dhaniya is expected slightly positive. Support is at 6530 and resistance is around 6700.

SOYBEAN (JUN): Trend for Soybean is expected slightly positive. Intraday support is at 3900 and resistance for the day is 3950. 

Tips on Nifty & Stocks to Watch!
Economy News

Nifty: According to daily chart of Nifty,  Future broke the major resistance of 6200 but could not sustain above that closed below 6200 so a little correction might come into place. Support for Nifty is at 6150 and 6080. And resistance for Nifty is at 6250 and 6300.

Bank Nifty: According to daily chart of Bank Nifty, Future broke the major resistance of 13200 but could not sustain above that closed below 13200 so a little correction might come into place. Support for Bank Nifty is at 12900 and 13100. And resistance for Bank Nifty is at 13300 and 13500. 

Nifty Futures are expecting flat opening in the range of 6165-6170.


Stocks to Watch: 

IOC
Essar Oil


NEWS:

Air India's asset monetisation plans may take wing soon

In what would finally kick-start the monetisation of Air India’s real estate assets, public sector undertakings IDBI Bank, State Bank of India (SBI), Oil and Natural Gas Corporation (ONGC) and Power Finance Corporation (PFC) have evinced interest in securing the airline’s prime plot of land on Baba Kharak Singh Marg. Proceeds from the asset sale would be used to clear the government-owned airline’s debt. Air India has formed a three-member committee to monitor the auction process. The committee comprises retired Supreme Court judge D N Dharmadhikari, former chief vigilance commissioner Pratyush Sinha and former comptroller and auditor general V N Kaul.

India Cements incorporates new subsidiary for infra business

The Cement major India Cements Ltd (ICL) has incorporated a new subsidiary for infrastructure business during the fourth quarter. The company has said that it has bagged orders worth Rs 120 crore. The company stated that during the quarter, India Cements Infrastructure Ltd, has been incorporated in the fourth quarter and has become a wholly owned subsidiary of the company. Company officials said that the focus will be on water and road related projects. The first project which the company bagged was from Kerala for laying pipeline for a water drainage project. As of now, the company has orders worth Rs 120 crore. 

Today's MCX & NCDEX Tips
Gold, Silver, Copper, Nickel & Crude Oil

MCX Tips:

Gold is in sideways trend. Gold support is at 25250 and 25000. Resistance is at 25800 and 25980. Sell on high is recommended for the day.

Silver is in sideways trend.  Silver support is at 40650 and 39500. Resistance is at 42600 and 43400. Sell on high is recommended for the day.

Copper is in sideways trend.  Copper support is at 402 & 398. Resistance is at 408 & 412. Sell on high is recommended for the day.

Nickel is in sideways trend. Nickel support is at 811 & 798. Resistance is at 825 & 837. Sell on high is recommended for the day.

Crude is in sideways trend. Crude support is at 5260 & 5190. Resistance is at 5350 & 5390. Sell on high is recommended for the day.


Economic Data:

NCDEX Tips:

JEERA (JUN): Intraday trend for Jeera is expected negative. 13000 is a good support level and 13250 is a good resistance.

RMSEED (JUN): Rmseed trend is expected slightly negative. 3480 is a good support and 3540 is intraday resistance.

CHANNA (JUN): Intraday trend for Channa is expected sideways. Support is at 3380 and resistance is around 3450.

SOYREFINED (JUN): Trend for Soya Refined is expected slightly negative. Intraday support is at 697 and resistance for the day is 702.

CASTORSEED (JUN): Intraday trend for Castor seed is expected slightly negative. 3250 is a good support and 3330 is intraday resistance.

DHANIYA (JUN): Intraday trend for Dhaniya is expected slightly negative. Support is at 6530 and resistance is around 6700.

SOYBEAN (JUN): Trend for Soybean is expected slightly negative. Intraday support is at 3860 and resistance for the day is 3920. 

Tips on Nifty & Stocks to Watch!
Economy News

Nifty: According to daily chart of Nifty Future, it has broken the major resistance of 6200 with trading at two yearly highs and looks more bullish on technical charts. Support for Nifty is at 6150 and 6080. And resistance for Nifty is at 6250 and 6300.

Bank Nifty: According to daily chart of Bank Nifty Future, it has broken the major resistance of 13200 with trading at two yearly highs and looks more bullish on technical charts. Support for Bank Nifty is at 12900 and 13100. And resistance for Bank Nifty is at 13300 and 13500.

Nifty Futures are expecting positive opening by 25-30 points in the range of 6215-6220.


Stocks to Watch: 

Tata Motors
Redington India


NEWS:


Supply blues persist in realty sector

The year 2013 was projected as the year of delivery for residential projects which had been stuck for years. While developers claim they are on course to supply a large number of units this year, sector watchers doubt it. Data from research firm PropEquity for delivery of units in the first two months of this year show most cities, apart from a few exceptions such as Chennai, are way behind target. In Gurgaon, the committed supply was projected at 38,684 units in 2013; builders delivered just 360 in the first two months. In Noida, only 160 units were delivered in January and February, even as the full year’s supply is pegged at 49,540. Mumbai has delivered 1,378 units in the first two months, against a projection of 22,820 for the full year. Chennai looks well set to almost meet the target, as builders here supplied 6,024 units in January and February against a commitment of 51,592 for the full year.

Conciliation with Vodafone may need changes in two laws

The government might consider amendments to the Income Tax Act, 1961, as well as the Arbitration and Conciliation Act, 1996, to resolve its Rs 14,000-crore tax dispute with Vodafone. This is because the current law does not provide for conciliation between a firm and the sovereign state. A decision on this would be taken after the Cabinet approves Vodafone’s offer for conciliation. India’s existing framework, based on the UN Commission on International Trade Law, needed to be amended to enable conciliation, as there is no provision for settlement of a dispute between the sovereign and a company, as they are not contractual parties.

Today's MCX & NCDEX Tips
Gold, Silver, Copper, Nickel & Crude Oil

MCX Tips

Gold is in sideways trend. Gold support is at 25970 and 25850. Resistance is at 26170 and 26350. Sell on high is recommended for the day.

Silver is in sideways trend. Silver support is at 42800 and 42400. Resistance is at 43600 and 44000. Sell on high is recommended for the day.

Copper is in sideways trend. Copper support is at 397 & 393. Resistance is at 403 & 407. Copper prices are expected to trade within 407 to 397. One can trade within the range.

Nickel is in sideways trend. Nickel support is at 807 & 798. Resistance is at 825 & 837. Nickel prices are expected to trade within 837 to 807. One can trade within the range.

Crude is in sideways trend. Crude support is at 5170 & 5120. Resistance is at 5260 & 5310. Crude prices are expected to trade within 5260 to 5170. One can trade within the range. 


Economic Data: 

NCDEX Tips:

JEERA (JUN): Intraday trend for Jeera is expected slightly positive. 13180 is a good support level and 13500 is a good resistance.

RMSEED (JUN): Rmseed trend is expected slightly positive. 3520 is a good support and 3580 is intraday resistance.

CHANNA (JUN): Intraday trend for Channa is expected slightly positive. Support is at 3440 and resistance is around 3490.

SOYREFINED (JUN): Trend for Soya Refined is expected slightly positive. Intraday support is at 697 and resistance for the day is 705.

CASTORSEED (JUN): Intraday trend for Castor seed is expected sideways. 3420 is a good support and 3490 is intraday resistance.

DHANIYA (JUN): Intraday trend for Dhaniya is expected slightly positive. Support is at 6850 and resistance is around 7050.

SOYBEAN (JUN): Trend for Soybean is expected slightly positive. Intraday support is at 3900 and resistance for the day is 3960. 

Tips on Nifty & Stocks to Watch!
Economy News

Nifty: According to daily chart of Nifty Future, it has broken the major resistance of 6150 with trading at two yearly highs and looks more bullish on technical charts. Support for Nifty is at 6080 and 6020. And resistance for Nifty is at 6190 and 6250.

Bank Nifty: According to daily chart of Bank Nifty Future, it has broken the major resistance of 12950 with trading at two yearly highs and looks more bullish on technical charts. Support for Bank Nifty is at 12800 and 12700. And resistance for Bank Nifty is at 13100 and 13200. 

Nifty Futures are expecting positive opening by 15-20 points in the range of 6190-6195.

Stocks to Watch:

L & T
ICICI Bank

NEWS:

Crossholding in same telecom circle may go

The Department of Telecommunications (DoT) is working on a proposal to disallow crossholding by one telecom firm in a competing one in the same circle. Under the current rules, a promoter in a telco can acquire up to 9.9 per cent stake in another in the same circle. The scrapping of the clause could have a far-reaching impact on many equity investments made by foreign companies, such as Vodafone, which has a stake in Bharti Airtel. It would also bring to close a controversial clause that has led to investigations about alleged violations, as well as battles between promoters.

ONGC gets nod for making impact report on gas project


Oil & Natural Gas Corporation (ONGC), the integrated petroleum major has received a major boost as the experts appraisal committee of the ministry of environment and forests (MoEF) has cleared its terms of references (ToR) for the 2,200 MW gas based project in Maharashtra. The project entails an investment of Rs 9,900 crore (Rs 4.5 crore per MW). This is the second gas based project proposed by ONGC after its 726 MW Tripura which is up and running. MoEF has issued letter of approval of ToR on May 9 for preparation of the Environmental Impact Assessment (EIA) report and Environment Management Plan (EMP). ONGC has indicated the assured gas supply from C-24 field and B-12 fields in Tapti Daman Block of Western Offshore Basin for the upcoming project in Maharashtra.

Today's MCX & NCDEX Tips
Gold,. Silver, Copper, Nickel & Crude Oil

MCX Tips: 

Gold is in sideways trend. Gold support is at 26150 and 26000. Resistance is at 26450 and 26620. Sell on high is recommended for the day.

Silver is in sideways trend.  Silver support is at 42900 and 42300. Resistance is at 43800 and 44300. Sell on high is recommended for the day.

Copper is in sideways trend.  Copper support is at 394 & 391. Resistance is at 400 & 404. Sell on high is recommended for the day.

Nickel is in sideways trend. Nickel support is at 807 & 798. Resistance is at 825 & 837. Nickel prices are expected to trade within 837 to 807. One can trade within the range.

Crude is in sideways trend. Crude support is at 5060 & 5000. Resistance is at 5200 & 5270. Sell on high is recommended for the day. 


Economic Data:

 

NCDEX Tips:

JEERA (JUN): Intraday trend for Jeera is expected slightly positive. 13180 is a good support level and 13400 is a good resistance.

RMSEED (JUN): Rmseed trend is expected slightly positive. 3480 is a good support and 3540 is intraday resistance.

CHANNA (JUN): Intraday trend for Channa is expected slightly positive. Support is at 3400 and resistance is around 3450.

SOYREFINED (JUN): Trend for Soya Refined is expected slightly positive. Intraday support is at 695 and resistance for the day is 702.

CASTORSEED (JUN): Intraday trend for Castor seed is expected sideways. 3430 is a good support and 3490 is intraday resistance.

DHANIYA (JUN): Intraday trend for Dhaniya is expected slightly positive. Support is at 6780 and resistance is around 6940.

SOYBEAN (JUN): Trend for Soybean is expected slightly positive. Intraday support is at 3900 and resistance for the day is 3960. 

Tips on Nifty & Stocks to Watch!
Economy News

Nifty: According to daily chart of Nifty Future, it has broken the major resistance of 6150 with trading at two yearly highs and looks more bullish on technical charts. Support for Nifty is at 6080 and 6020. And resistance for Nifty is at 6190 and 6250.

 
Bank Nifty: According to daily chart of Bank Nifty Future, it has broken the major resistance of 12950 with trading at two yearly highs and looks more bullish on technical charts. Support for Bank Nifty is at 12800 and 12700. And resistance for Bank Nifty is at 13100 and 13200.

Nifty Futures are expecting flat to negative opening in the range of 6160-6165.

Stocks to Watch:

L & T
Tata Communications

NEWS:

Honda plans single-brand retail stores to sell all its products under one roof

Two-wheeler major Honda Motorcycle & Scooter India (HMSI), a 100 per cent subsidiary of Japan’s Honda Motor Company, looks set to spark a new trend among auto firms by opening its own exclusive retail stores to sell its products. It has sought the permission of the Foreign Investment Promotion Board (FIPB) to start single-brand retail outlets.The products to be sold at these outlets would range from high-end imported motorcycles and all-terrain vehicles (ATVs) to specialized side-by-side vehicles (small ones designed for off-road use), spare parts, accessories and even Honda-branded merchandise.

OVL eyes petchem, power & fertiliser biz in Bangladesh

After securing two shallow water gas blocks in Bangladesh, ONGC Videsh Ltd (OVL), the foreign investment arm of state-run Oil and Natural Gas Corp Ltd, is open to investing in power, petrochemical and fertiliser plants in the South Asian nation. OVL that has won the two blocks along with Oil India Ltd, will be getting into exploration business in a neighbouring country for the first time. The two companies will develop the blocks in a joint venture with Bangladesh.Except ONGC and US-based ConocoPhillips, all global majors, keen during the pre-bidding stage, had backed out of the bidding, citing lack of incentives to cover the offshore investment risks. Bangladesh does not allow export of natural gas from its country, which is the reason for global majors opting out of the bidding race.

Today's MCX & NCDEX Tips
Gold, Silver, Copper, Nickel & Crude Oil

MCX Tips:

Gold is in sideways trend. Gold support is at 26600 and 26500. Resistance is at 26860 and 27000. Gold prices are expected to trade sideways from 26860 to 26500.

Silver is in sideways trend.  Silver support is at 44100 and 43700. Resistance is at 45000 and 45500. Silver prices are expected to trade within 45000 to 43700. One can trade within the range.

Copper is in sideways trend. Copper support is at 396 & 392. Resistance is at 403 & 407. Copper prices are expected to trade within 407 to 396. One can trade within the range.

Nickel is in sideways trend. Nickel support is at 820 & 811. Resistance is at 835 & 845. Nickel prices are expected to trade within 845 to 820. One can trade with the range.

Crude is in sideways trend. Crude support is at 5170 & 5130. Resistance is at 5230 & 5280. Crude prices may witness a range bound move from 5230-5130. 


Economic Data:

NCDEX Tips:

JEERA (JUN): Intraday trend for Jeera is expected sideways. 13180 is a good support level and 13400 is a good resistance.

RMSEED (JUN): Rmseed trend is expected sideways. 3480 is a good support and 3540 is intraday resistance.

CHANNA (JUN): Intraday trend for Channa is expected sideways. Support is at 3370 and resistance is around 3430.

SOYREFINED (JUN): Trend for Soya Refined is expected slightly negative. Intraday support is at 695 and resistance for the day is 702.

CASTORSEED (JUN): Intraday trend for Castorseed is expected sideways. 3445 is a good support and 3490 is intraday resistance.

DHANIYA (JUN): Intraday trend for Dhaniya is expected slightly positive. Support is at6780 and resistance is around 6940.

SOYBEAN (JUN): Trend for Soybean is expected slightly negative. Intraday support is at 3900 and resistance for the day is 3960.

Tips on Nifty & Stocks to Watch!
Economy News

Nifty: According to daily chart of Nifty Future, it has entered in a range of 5980 and 6100 and expected to move sideways within this range for couple of trading sessions. Support for Nifty is at 5980 and 5930. And resistance for Nifty is at 6065 and 6130.

Bank Nifty: According to daily chart of Bank Nifty Future, it has entered in a range of 12470 and 12700 and expected to move sideways within this range for couple of trading sessions. Support for Bank Nifty is at 12470 and 12350. And resistance for Bank Nifty is at 12650 and 12800.

Nifty Futures are expecting positive opening by 15-20 points in the range of 6015-6020.

Stocks to Watch:

GAIL
United Bank of India


NEWS:

ITC plans to foray into oral care segment

Cigarettes-to-hotels major ITC is believed to be considering forays into various new segments, including oral care. The company’s foods segment is fast approaching break-even, and its personal care division is also faring well. Personal care, though a smaller segment in its non-cigarette fast-moving consumer goods business worth about Rs 6,000 crore, is growing at about 25 per cent a year, in terms of revenue. ITC has demonstrated it has the staying power in competitive categories such as foods and personal care, despite being a late entrant in these segments.

Air India plans to cut loss-making routes to 15%

Air India is planning to reduce its loss-making routes to 15 per cent of its overall network by the end of this financial year. Last financial year, the government-owned airline, which operated 480 daily flights in the international and the domestic sectors, had cut its loss-making routes from 69 per cent to 25 per cent of the total. Through these initiatives, the airline is expected to reduce cash losses by Rs 1,102 crore this financial year. Net losses are expected to fall 23 per cent to Rs 3,989 crore, compared with Rs 5,198 crore in 2012-13. The airline expects its earnings before interest, tax, depreciation and amortisation to stand at Rs 1,040 crore, against Rs 19.45 crore in 2012-13. The carrier’s revenues are expected to rise 20.2 per cent to Rs 19,393 crore. 

Today's MCX & NCDEX Tips
Gold, Silver, Copper, Nickel & Crude Oil

MCX Tips:

Gold is in sideways trend. Gold support is at 26750 and 26600. Resistance is at 26950 and 27200. Gold prices are expected to trade sideways from 27200 to 26800. 

Silver is in sideways trend. Silver support is at 44850 and 44450. Resistance is at 45450 and 45820. Silver prices are expected to trade within 45800 to 44600. One can trade within the range.

Copper is in sideways trend.  Copper support is at 405 & 401. Resistance is at 410 & 413. Copper prices are expected to trade within 410 to 401. One can trade within the range.

Nickel is in sideways trend. Nickel support is at 833 & 825. Resistance is at 851 & 865. Nickel prices are expected to trade within 851 to 833. One can trade with in the range. 

Crude is in sideways trend. Crude support is at 5180 & 5130. Resistance is at 5250 & 5320. Crude prices may witness a range bound move from 5300-5135.


Economic Data: 

NCDEX Tips:

JEERA (JUN): Intraday trend for Jeera is expected positive. 13200 is a good support level and 13400 is a good resistance.

RMSEED (JUN): Rmseed trend is expected sideways. 3480 is a good support and 3540 is intraday resistance.

CHANNA (JUN): Intraday trend for Channa is expected sideways. Support is at 3370 and resistance is around 3420.

SOYREFINED (JUN): Trend for Soya Refined is expected slightly positive. Intraday support is at 695 and resistance for the day is 702.

CASTORSEED (JUN): Intraday trend for Castorseed is expected sideways. 3445 is a good support and 3490 is intraday resistance.

DHANIYA (JUN): Intraday trend for Dhaniya is expected slightly positive. Support is at 6650 and resistance is around 6800.

SOYBEAN (JUN): Trend for Soybean is expected slightly positive. Intraday support is at 3900 and resistance for the day is 3960. 

Today's Nifty Tips & Stocks to Watch!
Economy News

Nifty: According to daily chart of Nifty Future, it has shown weakness and has formed bearish engulfing which suggests top may be near and down move may start soon. Support for Nifty is at 5980 and 5930. And resistance for Nifty is at 6065 and 6130.

Bank Nifty: According to daily chart of Bank Nifty Future, it has shown weakness and has formed dark cloud cover which suggests top may be near and down move may start soon. Support for Bank Nifty is at 12470 and 12350. And resistance for Bank Nifty is at 12650 and 12800. 

Nifty Futures are expecting positive opening by 5-10 points in the range of 5995-6000.


Stocks to Watch: 

Ranbaxy
Shriram EPC


NEWS: 

Ranbaxy to pay $500 mn to settle US fraud charges

The country's biggest drugmaker, Ranbaxy Laboratories agreed to pay $500 million (around Rs 2,743 crore) to resolve fraud allegations made in a whistle-blower's lawsuit and federal criminal charges that the company sold adulterated drugs and lied about it to U.S. regulators. This is the largest false claims case involving a generics drugs manufacturer. Ranbaxy agreed to pay a criminal fine and forfeiture totalling $150 million and to settle civil claims for $350 million. The generic drugs at issue were manufactured at Ranbaxy's facilities in Paonta Sahib and Dewas, India. They include acne drug Sotret, epilepsy and nerve pain drug gabapentin, and antibiotic ciprofloxacin.

Air India plans new ventures to increase revenue

Government-owned Air India is looking at starting courier services for central and state governments and big corporate houses by the second half of this financial year, in a bid to improve its financial performance and boost its ancillary revenues. Air India’s earnings of one-two per cent of total air cargo business of Rs. 900 crore per annum is almost negligible currently. The new business, along with the state-owned carrier’s plans to generate revenues through advertisements on its in-flight entertainment systems, boarding passes and airport lounges, are expected to bring in as much as Rs. 400-500 crore on an yearly basis. 

Today's MCX & NCDEX Tips
Gold, Silver, Copper, Nickel & Crude Oil


MCX Tips:
 

Gold is in sideways trend. Gold support is at 26800 and 26650; Resistance is at 27080 and 27200. Gold prices are expected to trade sideways from 27200 to 26800. Prices are likely to witness selling pressure.

Silver is in sideways trend. Silver support is at 44850 and 44250. Resistance is at 45200 and 45800. Silver prices are expected to trade within 45800 to 44600. One can trade within the range.

Copper is in sideways trend.  Copper support is at 405 & 402. Resistance is at 411 & 415. Copper prices are expected to test  415-417 on higher end. One can buy on dips.

Nickel is in sideways trend. Nickel support is at 845 & 838. Resistance is at 851 & 865. Nickel prices are expected to test 865 on higher end one can buy on dips.

Crude is in sideways trend. Crude support is at 5180 & 5135. Resistance is at 5250 & 5320. Crude prices may witness a range bound move from 5300-5135. 


Economic Data:

NCDEX Tips:

JEERA (JUN): Intraday trend for Jeera is expected positive. 13000 is a good support level and 13200 is a good resistance.

RMSEED (JUN): Rmseed trend is expected sideways. 3480 is a good support and 3530 is intraday resistance.

CHANNA (JUN): Intraday trend for Channa is expected sideways. Support is at 3360 and resistance is around 3400.

SOYREFINED (JUN): Trend for Soya Refined is expected slightly positive. Intraday support is at 693 and resistance for the day is 698.

CASTORSEED (JUN): Intraday trend for Castorseed is expected sideways. 3400 is a good support and 3450 is intraday resistance.

DHANIYA (JUN): Intraday trend for Dhaniya is expected slightly positive. Support is at 6450 and resistance is around 6580.

SOYBEAN (JUN): Trend for Soybean is expected slightly positive. Intraday support is at 3880 and resistance for the day is 3950. 

Today's Nifty Tips & Stocks to Watch!
Economy News

Nifty: According to daily chart of Nifty Future, it is in up trend and if sustains above 6120 then up move will remain intact. Support for Nifty is at 6065 and 6000. And resistance for Nifty is at 6150 and 6222.

Bank Nifty: According to daily chart of Bank Nifty Future, it is in up trend and if sustains above 12700 then up move will remain intact. Support for Bank Nifty is at 12650 and 12500. And resistance for Bank Nifty is at 12800 and 12900. 


Nifty Futures are expecting positive opening by 10-15 points in the range of 6115-6120. 

Stocks to Watch:

DLF
Oberoi Realty 

NEWS:

BSNL, MTNL may be trifurcated

The group of ministers (GoM) looking at ways to revitalise the two state-run telecom companies — Bharat Sanchar Nigam Ltd (BSNL) and MTNL — is expected to meet in the next few days and discuss the proposal for trifurcation of the two behemoths. The plan is to spin off two new companies — one each for network infrastructure and land development — out of each telco. BSNL and MTNL would continue to be services and marketing companies. Among the new firms proposed to be spun off, each of the two would get one company to handle telecom infra (towers, networks, etc) and the technology business, and another (for land development and utilisation) to manage and monetise land assets in phases.

L&T in race for Rs 2,000-cr howitzer tender

An Indian private company is for the first time in direct competition with a foreign vendor to supply 100 self-propelled howitzers to the Army in a deal expected to be worth over Rs 2,000 crore. India's Larsen & Toubro (L&T) and Russia's Rosobornexport are in a straight contest to supply the 100 self-propelled tracked howitzers to the Army and the trials of the two guns are slated to begin in June-July this year. The guns are being procured by the Army as part of its more than Rs 20,000-crore artillery modernisation programme, which has been stuck after the Bofors gun deal scandal. Not a single new artillery gun has been inducted ever since the infamous Bofors contract for 410 field howitzers became a political issue in 1986. 

Today's MCX & NCDEX Tips
Gold, Silver, Copper, Nickel & Crude Oil

MCX Tips

Gold is in sideways trend. Gold support is at 26850 and 26600; Resistance is at 27270 and 27380. Gold prices are expected to witness a range bound move from 27270 to 26850.

Silver is in sideways trend. Silver support is at 44700 and 44300. Resistance is at 45400 and 45800. Silver prices are expected to trade within  45400 to 44300.

Copper is in sideways trend.  Copper support is at 399 & 396. Resistance is at 405 & 408. Sell on high is recommended for the day.

Nickel is in sideways trend. Nickel support is at 827 & 817. Resistance is at 844 & 852. Sell on high is recommended for the day.

Crude is in sideways trend. Crude support is at 5190 & 5150. Resistance is at 5250 & 5310. Crude prices are expected to trade within 5310 to 5190.


Economic Data: 

NCDEX Tips:

JEERA (JUN): Intraday trend for Jeera is expected slightly positive. 12700 is a good support level and 13000 is a good resistance.

RMSEED (JUN): Rmseed trend is expected sideways. 3430 is a good support and 3480 is intraday resistance.

CHANNA (JUN): Intraday trend for Channa is expected sideways. Support is at 3400 and resistance is around 3450.

SOYREFINED (JUN): Trend for Soya Refined is expected slightly positive. Intraday support is at 693 and resistance for the day is 697.

CASTORSEED (JUN): Intraday trend for Castorseed is expected slightly positive. 3300 is a good support and 3380 is intraday resistance.

DHANIYA (JUN): Intraday trend for Dhaniya is expected negative. Support is at6300 and resistance is around 6450.

SOYBEAN (JUN): Trend for Soybean is expected positive. Intraday support is at 3880 and resistance for the day is 3950. 

Todays's Nifty Tips & Stocks to Watch!
Economy News

Nifty: According to daily chart of Nifty Future, it has taken the resistance at 6100 levels and could not cross the resistance level if not broken then 5950 can be seen in Nifty. Support for Nifty is at 6020 and 5965. And resistance for Nifty is at 6110 and 6150.

Bank Nifty: According to daily chart of Bank Nifty Future, it has taken the resistance near 12700 levels and could not cross the resistance level if not broken then 12200 can be seen in Bank Nifty in the coming trading sessions.Support for Bank Nifty is at 12470 and 12360. And resistance for Bank Nifty is at 12690 and 12770.

Nifty Futures are expecting flat to positive opening in the range of 6065-6070.

Stocks to Watch: 

Today's MCX & NCDEX Tips
Gold, Copper, Silver, Nickel & Crude Oil

MCX Tips

Gold is in sideways trend. Gold support is at 26980 and 26800; Resistance is at 27200 and 27300. Gold prices are expected to witness a range bound move from 27300 to 27000.

Silver is in sideways trend. Silver support is at 44700 and 44500. Resistance is at 45620 and 45800. Silver prices are expected to trade within 45650 to 44700.

Copper is in sideways trend.  Copper support is at 400 & 396. Resistance is at 407 & 410. Copper prices are expected to trade within 407 to 396.

Nickel is in sideways trend. Nickel support is at 825 & 817. Resistance is at 842 & 850. Buy on dips is recommended for the day.

Crude is in sideways trend. Crude support is at 5160 & 5120. Resistance is at 5240 & 5290. Buy on dips is recommended for the day.

Economic Data:

NCDEX Tips:

JEERA (JUN): Intraday trend for Jeera is expected slightly positive. 12700 is a good support level and 13000 is a good resistance.

RMSEED (JUN): Rmseed trend is expected slightly negative. 3410 is a good support and 3460 is intraday resistance.

CHANNA (JUN): Intraday trend for Channa is expected sideways. Support is at 3400 and resistance is around 3480.

SOYREFINED (JUN): Trend for Soya Refined is expected slightly negative. Intraday support is at 685 and resistance for the day is 693.

CASTORSEED (JUN): Intraday trend for Castorseed is expected slightly positive. 3300 is a good support and 3380 is intraday resistance.

DHANIYA (JUN): Intraday trend for Dhaniya is expected slightly positive. Support is at6550 and resistance is around 6650.

SOYBEAN (JUN): Trend for Soybean is expected slightly negative. Intraday support is at 3870 and resistance for the day is 3950.  

Today's Nifty Tips & Stocks to Watch!
Economy News

Nifty: According to daily chart of Nifty Future, it is in up trend and if sustains and close above 6110 where resistance lies then new highs can also be seen in the coming trading sessions. Support for Nifty is at 6020 and 5965. And resistance for Nifty is at 6110 and 6150.

Bank Nifty: According to daily chart of Bank Nifty Future, it is in up trend and next resistance lies at 12670 if broken then up move will remain intact. Support for Bank Nifty is at 12570 and 12450. And resistance for Bank Nifty is at 12770 and 12900.

Nifty Futures are expecting positive opening by 10-15 points in the range of 6100-6105.


Stocks to Watch:

IOC
Crompton Greaves


NEWS: 

Air trips get more expensive for travel-heavy passengers

Now, extra baggage and preferred seat are going to cost you more as you plan an air travel. Within days of the civil aviation ministry allowing airlines to unbundle services, IndiGo decided to charge an additional Rs 200 for each aisle and window seat. Only the middle seat would not attract any additional charge. And, if you want a seat in the front row or next to the emergency exit — both with more leg space — you will have to fork out an additional Rs 500. These new charges would, however, apply only on pre-booking of preferred seats on the internet or through agents. Online travel firm Yatra.com has confirmed IndiGo’s new rates.

Govt. taking steps to protect BHEL from Chinese competition

The government is taking steps to protect the interest of power equipment maker Bharat Heavy Electricals Ltd in the wake of competition from Chinese players. A slew of factors including aggressive competition, weak investment sentiment, inflationary pressure and political turmoil in overseas countries like Syria have impacted the performance of state-run BHEL. A slew of factors have affected the performance of BHEL and resulted in decreasing order book. Further, weak investment sentiments, financing and customer constraints in releasing payments for deliveries were impacting the performance. 

Today's MCX & NCDEX Tips
Gold, Silver, Copper, Nickel & Crude

MCX Tips

Gold is in sideways trend. Gold support is at 26600 and 26500; Resistance is at 26850 and 27000. Gold prices are expected to witness a range bound move from 27000 to 26500.

Silver is in sideways trend. Silver support is at 44800 and 44400. Resistance is at 45200 and 45600. Silver prices are expected to trade within 45650 to 44000.

Copper is in sideways trend. Copper support is at 339 & 389. Resistance is at 400 & 404. Selling on rise is recommended for the day.

Nickel is in sideways trend. Nickel support is at 814 & 804. Resistance is at 831 & 840. Selling on rise is recommended for the day.

Crude is in sideways trend. Crude support is at 5140 & 5080. Resistance is at 5200 & 5245. Crude prices may witness a range bound move from 5225-5135. 


Economic Data:

NCDEX Tips:

JEERA (JUN): Intraday trend for Jeera is expected sideways. 12700 is a good support level and 12950 is a good resistance.

RMSEED (JUN): Rmseed trend is expected slightly positive. 3430 is a good support and 3480 is intraday resistance.

CHANNA (JUN): Intraday trend for Channa is expected sideways. Support is at 3450 and resistance is around 3520.

SOYREFINED (JUN): Trend for Soya Refined is expected slightly positive. Intraday support is at 690 and resistance for the day is 696.

CASTORSEED (JUN): Intraday trend for Castorseed is expected slightly positive. 3300 is a good support and 3360 is intraday resistance.

DHANIYA (JUN): Intraday trend for Dhaniya is expected slightly positive. Support is at 6450 and resistance is around 6550.

SOYBEAN (JUN): Trend for Soybean is expected slightly positive. Intraday support is at 3900 and resistance for the day is 3960. 

Today's Nifty Tips & Stocks to Watch!
Ecnomy News

Nifty: According to daily chart of Nifty Future, it is in up trend but may feel selling pressure near 6100 levels from where it might retrace till 6030 levels and rise again. Support for Nifty is at 6000 and 5950. And resistance for Nifty is at 6110 and 6150.

Bank Nifty: According to daily chart of Bank Nifty Future, it is in up trend but may feel selling pressure near 12800 levels from where it might retrace till 12650 levels and rise again. Support for Bank Nifty is at 12500 and 12400. And resistance for Bank Nifty is at 12700 and 12800.

Nifty Futures are expecting positive opening by 20-25 points in the range of 6070-6075.

Stocks to Watch:

Reliance Industries
NTPC

NEWS:

Qatar Airways, IndiGo in code-share talks

Qatar Airways is in talks with IndiGo for a code-share alliance that would allow the Gulf-based airline to spread its network to more Indian cities, taking on the Jet-Etihad combine for a larger pie of India’s international traffic. IndiGo, the country’s largest domestic airline by market share, did not respond to a query. Qatar Airways CEO Akbar Al Baker, interacting with the media on the sidelines of a travel show in Dubai yesterday, had confirmed talks were on with the Indian carrier. The code sharing would allow Qatar to place its code on the domestic and international flights of IndiGo, which has a fleet of over 60 Airbus 320 planes. The move could help Qatar increase its revenue and network from India.

Wipro acquires minority stake in Opera Solutions for $30 mn

Wipro, India’s third-largest information technology services company, has signed an agreement to acquire a minority stake in Opera Solutions, a global big data and analytics company, for about $30 million (Rs 162 crore). While the company did not disclose the stake it had acquired, those in the know said it could be less than 10 per cent.This is Bangalore-based Wipro’s second investment in the analytics segment. In April 2012, it had acquired Australia-based Promax Application Group for A$35 million (about $36.5 million, or Rs 192 crore). 

Today's MCX & NCDEX Tips
Gold, Silver, Copper, Nickel & Crude


MCX Tips:

Gold is in sideways trend. Gold support is at 26880 and 26730; Resistance is at 27450 and 27580. Gold prices are expected to witness a range bound move from 27400 to 26800. Prices are witnessing pressure from higher end.

Silver is in sideways trend. Silver support is at 44650 and 43900. Resistance is at 45450 and 45850. Silver prices are expected to trade within 45800 to 43800.

Copper is in sideways trend.  Copper support is at 393 & 390. Resistance is at 401 & 404. Copper prices are expected to test 403-404 on higher end.

Nickel is in sideways trend. Nickel support is at 813 & 805. Resistance is at 830 & 838. Nickel prices are expected to test 830-836 on higher end.

Crude is in sideways trend. Crude support is at 5140 & 5080. Resistance is at 5245 & 5280. Crude prices may witness a range bound move from 5235-5135. 


NCDEX Tips: 

JEERA (JUN): Intraday trend for Jeera is expected negative. 12825 is a good support level and 13000 is a good resistance.

RMSEED (JUN): Rmseed trend is expected sideways. 3420 is a good support and 3480 is intraday resistance.

CHANNA (JUN): Intraday trend for Channa is expected sideways. Support is at 3450 and resistance is around 3500.

SOYREFINED (JUN): Trend for Soya Refined is expected sideways. Intraday support is at 688 and resistance for the day is 695.

CASTORSEED (JUN): Intraday trend for Castorseed is expected slightly negative. 3300 is a good support and 3390 is intraday resistance.

DHANIYA (JUN): Intraday trend for Dhaniya is expected negative. Support is at 6400 and resistance is around 6550.

SOYBEAN (JUN): Trend for Soybean is expected sideways. Intraday support is at 3870 and resistance for the day is 3950. 

Today's Nifty Tips & Stocks to Watch!
Economy News 

Nifty: According to daily chart of Nifty Future, it is in up trend but a minor resistance lies at 6030 if broken then up move will remain intact. Support for Nifty is at 5950 and 5880. And resistance for Nifty is at 6050 and 6110.

Bank Nifty: According to daily chart of Bank Nifty Future, it has broken the support at 12345 but didn’t closed below that now if closed doesn’t below that level today then upmove in Bank Nifty may remain intact. Support for Bank Nifty is at 12300 and 12200. And resistance for Bank Nifty is at 12500 and 12600. 

Nifty Futures are expecting positive opening by 15-20 points in the range of 5995-6000.

Stocks to Watch:

Jindal Poly
Jain Irrigation

NEWS:


CBI puts law minister, A-G in the dock

Law Minister Ashwani Kumar, a joint secretary in the Prime Minister's Office and a joint secretary in the coal ministry had not only seen the draft status report on investigations into the coal block allocation scam but also suggested several changes. Majority of these changes were done by my officers to refine the reports, either on their own or in consultation with the additional solicitor general and his assisting advocate, or the law minister. Besides, a few changes were also done on the suggestion of the attorney-general (A-G) and officials of PMO and the coal ministry.

DGCA to set norms to cap paid-for seats in flights

The Directorate General of Civil Aviation (DGCA) is looking at framing regulations to cap the number of preferential seats airlines can offer in a flight. The move comes after the civil aviation ministry decided to allow Indian carriers to charge passengers for add-on services like their foreign counterparts. Industry estimates indicate while internationally, around 10 per cent of capacity is earmarked preferential in airlines, in India, if window and aisle seats are put up for pre-booking in lieu of a specified fee, two-thirds of in-flight capacity can yield ancillary revenues. In a move which is expected to improve the operating costs of airlines, the ministry had allowed Indian carriers to unbundle certain services and charge these separately. The airlines would have to submit the details of various charges for such services. DGCA will monitor that the fees are not altered unlike air fares for flights.

Today's MCX & NCDEX Tips
Gold, Silver, Copper, Nickel & Crude

MCX Tips:

Gold is in sideways trend. Gold support is at 26850 and 26700; Resistance is at 27100 and 27300. Buy on dips is recommended for the day.

Silver is in sideways trend. Silver support is at 44800 and 44400. Resistance is at 45400 and 45900. Buy on dips is recommended for the day.

Copper is in sideways trend. Copper support is at 390 & 386. Resistance is at 399 & 403. Buy on dips is recommended for the day.

Nickel is in sideways trend. Nickel support is at 804 & 794. Resistance is at 824 & 832. Buy on dips is recommended for the day.

Crude is in sideways trend. Crude support is at 5110 & 5070. Resistance is at 5220 & 5270. Buy on dips is recommended for the day. 


NCDEX Tips:

JEERA (JUN): Intraday trend for Jeera is expected sideways. 12950 is a good support level and 13100 is a good resistance.

RMSEED (JUN): Rmseed trend is expected sideways. 3440 is a good support and 3490 is intraday resistance.

CHANNA (JUN): Intraday trend for Channa is expected slightly negative. Support is at 3460 and resistance is around 3520.

SOYREFINED (JUN): Trend for Soya Refined is expected sideways. Intraday support is at 688 and resistance for the day is 695.

CASTORSEED (JUN): Intraday trend for Castorseed is expected slightly negative. 3400 is a good support and 3450 is intraday resistance.

DHANIYA (JUN): Intraday trend for Dhaniya is expected negative. Support is at 6700 and resistance is around 6850.

SOYBEAN (JUN): Trend for Soybean is expected sideways. Intraday support is at 3870 and resistance for the day is 3950. 

Today's Nifty Tips & Stocks to Watch!
Economy News

Nifty: According to daily chart of Nifty Future, it is in up trend but a minor resistance lies at 6030 if broken then up move will remain intact. Support for Nifty is at 5950 and 5880. And resistance for Nifty is at 6050 and 6110.

Bank Nifty: According to daily chart of Bank Nifty Future, it has shown weakness and broken the support at 12345 and closed below that if closed below that level today then down move in Bank Nifty may start. Support for Bank Nifty is at 12300 and 12200. And resistance for Bank Nifty is at 12500 and 12600.

Nifty Futures are expecting positive opening by 30-35 points in the range of 5985-5990.

Stocks to Watch:

Aurobindo Pharma
Cholamandalam Investment & Finance

NEWS:

Drug regulator to periodically inspect all clinical trial sites

The country's apex drug regulator plans periodic inspection of clinical trial sites to ensure these comply with the recently issued guidelines. If discrepancies are found, strict action is to be taken against the company and the trials might also be suspended. All its zonal offices have been directed to form expert teams headed by a senior drug inspector. "The expert committee, along with drug inspectors, shall visit the clinical trial sites at least once a year to verify compliance with schedule GCP (good clinical practice) guidelines and applicable regulatory requirements.

Foreign investors betting big on Indian consumers

A series of in-bound investments in recent months highlights investors' rising preference of consumption-led Indian companies; they bet 1.2 billion Indians will spend more on food, travel and telephones. From Diageo and Unilever to GlaxoSmithKline, all multinational companies want a bigger slice of the Indian consumption story- fuelled by rising income and small families. The recent investments show foreign investors have completely shunned the infrastructure sector- roads and power, for example- which is facing serious issues of environmental clearances and land acquisition. 

Today's MCX & NCDEX Tips
Gold, Silver, Copper, Nickel and Crude

Gold is in sideways trend. Gold support is at 26820 and 26630; Resistance is at 27100 and 27300. Buy on dips is recommended for the day.

Silver is in sideways trend. Silver support is at 44430 and 43875. Resistance is at 45300 and 46000. Silver prices are expected to trade within 44300 to 42700. Buy on dips is recommended for the day.

Copper is in sideways trend. Copper support is at 371 & 368. Resistance is at 382 & 384. Buy on dips is recommended for the day.

Nickel is in sideways trend. Nickel support is at 792 & 786. Resistance is at 804 & 812. Buy on dips is recommended for the day.

Crude is in sideways trend. Crude support is at 4972 & 4914. Resistance is at 5074 & 5132. Buy on dips is recommended for the day. 


Economic Data: 

 

NCDEX Tips:

PEPPER (MAY): Intraday trend for Pepper is expected sideways. 35400 is a good support and 36000 is good resistance for pepper.

JEERA (MAY): Intraday trend for Jeera is expected positive. 12800 is a good support level and 12950 is a good resistance.

RMSEED (MAY): Rmseed trend is expected sideways. 3400 is a good support and 3450 is intraday resistance.

CHANNA (MAY): Intraday trend for Channa is expected slightly negative. Support is at 3420 and resistance is around 3480.

SOYREFINED (MAY): Trend for Soya Refined is expected slightly positive. Intraday support is at 712 and resistance for the day is 720.

CASTORSEED (MAY): Intraday trend for Castor seed is expected slightly positive. 3300 is a good support and 3360 is intraday resistance. 

Today's Nifty Tips & Stocks to Watch!
Economy News

Nifty: According to daily chart of Nifty Future, it is in up trend and may head upto 6040 in the coming trading sessions. Support for Nifty is at 5950 and 5880. And resistance for Nifty is at 6050 and 6110.

Bank Nifty: According to daily chart of Bank Nifty Future, it is in up trend and may head upto 12800 in the coming trading sessions. Support for Bank Nifty is at 12500 and 12400. And resistance for Bank Nifty is at 12800 and 12900. 


Nifty Futures are expecting flat to positive opening in the range of 6010-6015.


Stocks to Watch:

Jet Airways
Reliance Industries

NEWS:

Hotels offer freebies amid demand blues

Expecting the slowdown to continue through the next year, the hotel sector is gearing up for tough times ahead. Hotel majors say the discount offers and freebies being offered this summer are merely ways to spur demand in a poor market. They add the environment might not change until the LokSabha elections next year. Companies aren't expecting a turnaround in business, which saw a drop of seven per cent in the revenue per available room (RevPAR) and a marginal increase in occupancy. With rising operating costs, it has become imperative for companies to manage costs.

Etihad's global network plans fuelled by Indian passengers

About 75 per cent of Indian passengers who flew Etihad Airways last year travelled to destinations beyond Abu Dhabi. This fact was highlighted by private airport operators while opposing the demand to enhance seat capacity on India-Abu Dhabi sector.The civil aviation ministry increased the weekly seat capacity on the route from around 13,000 to 50,000, brushing aside opposition from Delhi and Mumbai airports and airlines, including Air India. Airports had argued that allowing the increase would impact their potential as aviation hubs.The Association of Private Airport Operators (APAO) had pointed out to the government that 25.7 per cent of Etihad Airways passengers between India and Abu Dhabi could be categorised as origin-destination traffic, which means Abu Dhabi was the destination. The rest, 74.3 per cent, flew onward to other destinations in Europe, the US and other parts of world.

MCX & NCDEX Tips
Gold, Silver, Copper, Nickel & Crude

Gold is in sideways trend. Gold support is at 26430 and 26300; Resistance is at 26650 and 26800. Gold prices are expected to edge lower, one can sell on rise.

Silver is in sideways trend. Silver support is at 43300 and 42700. Resistance is at 44200 and 44750. Silver prices are expected to trade within 44300 to 42700. One can trade within the range with a negative bias.

Copper is in sideways trend.  Copper support is at 367 & 363. Resistance is at 373 & 378. Copper prices are expected to witness selling pressure from higher end around 372 -373.

Nickel is in sideways trend. Nickel support is at 780 & 765. Resistance is at 802 & 815. Nickel prices are expected to test 760-750 on lower end one can sell on rise.

Crude is in sideways trend. Crude support is at 4840 & 4780. Resistance is at 4935 & 4985. Crude prices may witness a bounce till 4920-4940 overall trends are weak, one can sell on rise. 

Economic Data:

NCDEX Tips:

PEPPER (MAY): Intraday trend for Pepper is expected positive. 35400 is a good support and 36500 is good resistance for pepper.

JEERA (MAY): Intraday trend for Jeera is expected positive. 12800 is a good support level and 13000 is a good resistance.

RMSEED (MAY): Rmseed trend is expected sideways. 3420 is a good support and 3470 is intraday resistance.

CHANNA (MAY): Intraday trend for Channa is expected slightly positive. Support is at 3420 and resistance is around 3480.

SOYREFINED (MAY): Trend for Soya Refined is expected negative. Intraday support is at 712 and resistance for the day is 720.

CASTORSEED (MAY): Intraday trend for Castorseed is expected slightly positive. 3300 is a good support and 3360 is intraday resistance.

DHANIYA (MAY): Intraday trend for Dhaniya is expected slightly positive. Support is at 6750 and resistance is around 6900.

SOYBEAN (MAY): Trend for Soybean is expected negative. Intraday support is at 3850 and resistance for the day is 3950.

Today's Nifty Tips & Stocks to Watch!
Economy News 

Nifty: According to daily chart of Nifty Future, it is in up trend and may head up to 5980 in the coming trading sessions. Support for Nifty is at 5880 and 5820. And resistance for Nifty is at 5990 and 6040.

Bank Nifty: According to daily chart of Bank Nifty Future, it is in up trend and may head up to 12800 in the coming trading sessions. Support for Bank Nifty is at 12500 and 12400. And resistance for Bank Nifty is at 12800 and 12900.

Nifty Futures are expecting negative opening by 10-15 points in the range of 5955-5960.

Stocks to Watch:

ONGC
IGL

NEWS:

Bharti may be planning to raise Rs 6,500 cr from foreign investors

Bharti Airtel, India’s largest operator of wireless telephony could be looking at the option of raising up to Rs 6,500 crore by issuing two million fresh shares to investors abroad. The funds would be used to part-retire its Rs 65,000-crore consolidated debt and finance capital expenditure. The plans are still in a preliminary stage and the shares would be sold at a slight premium to the current market price. These could be placed with private equity firms and listed locally.

Hero eyes production in Colombia, Bangladesh

To rapidly scale up its international operations, Hero MotoCorp, India's largest two-wheeler manufacturer, is considering fully-fledged manufacturing operations in Bangladesh and Colombia (Latin America) by the end of this financial year. This would be Hero MotoCorp's first initiative on manufacturing operations abroad since the termination of its joint venture with former partner Honda Motor Company. Currently, it assembles completely knocked-down units (CKD) through distributors in Bangladesh and Colombia. Hero MotoCorp already has distribution partners in these two countries. The company is looking at expanding operations and setting up fully fledged manufacturing units in Colombia and Bangladesh by the end of the current financial year. There are plans to explore opportunities for assembly facilities in African countries such as Kenya and Nigeria later. 

MCX & NCDEX Tips
Gold, Silver, Copper, Nickel & Crude


Gold is in sideways trend. Gold support is at 27000 and 26800; Resistance is at 27300 and 27450. Buying at dips is recommended for the day.

Silver is in sideways trend.  Silver support is at 44900 and 44550. Resistance is at 45600 and 45890. Buying at dips is recommended for the day.

Copper is in sideways trend.  Copper support is at 384 & 381. Resistance is at 389 & 392. Buying at dips is recommended for the day.

Nickel is in sideways trend. Nickel support is at 825 & 815. Resistance is at 840 & 846. Buying at dips is recommended for the day.

Crude is in sideways trend. Crude support is at 5090 & 5040. Resistance is at 5160 & 5200. Buying at dips is recommended for the day.


Economic Data:

NCDEX Tips:

PEPPER (MAY): Intraday trend for Pepper is expected sideways. 35000 is a good support and 35700 is good resistance for pepper.

JEERA (MAY): Intraday trend for Jeera is expected sideways. 12700 is a good support level and 13000 is a good resistance.

RMSEED (MAY): Rmseed trend is expected sideways. 3450 is a good support and 3510 is intraday resistance.

CHANNA (MAY): Intraday trend for Channa is expected sideways. Support is at 3400 and resistance is around 3450.

SOYREFINED (MAY): Trend for Soya Refined is expected positive. Intraday support is at 720 and resistance for the day is 730.

CASTORSEED (MAY): Intraday trend for Castor seed is expected negative. 3250 is a good support and 3330 is intraday resistance.

DHANIYA (MAY): Intraday trend for Dhaniya is expected slightly positive. Support is at 6750 and resistance is around 7030.

SOYBEAN (MAY): Trend for Soybean is expected positive. Intraday support is at 3900 and resistance for the day is 4050. 

Tips on Nifty & Stocks to Watch!
Economy News

Nifty: According to daily chart of Nifty Future, it is in up trend and may head up to 5980 in the coming trading sessions. Support for Nifty is at 5880 and 5820. And resistance for Nifty is at 5990 and 6040.

Bank Nifty: According to daily chart of Bank Nifty Future, it is in up trend and may head up to 12800 in the coming trading sessions. Support for Bank Nifty is at 12500 and 12400. And resistance for Bank Nifty is at 12800 and 12900.

Nifty Futures are expecting positive opening by 50-55 points in range of 5970-5975. 

Stocks to Watch:

NTPC
Ruchi Soya

NEWS:

Regulator upholds NTPC's power buy pacts

The Central Electricity Regulatory Commission (CERC) has dismissed a petition filed by private power companies that claims state-run generator NTPC Ltd “abused its dominant position” in the sector by entering into long-term purchase deals with distribution companies (discoms). NTPC, the country's largest power producer, had inked power purchase agreements (PPAs) with 37 beneficiaries for around 37,000 Megawatt of new generation capacity between October 1, 2010 and January 5, 2011 — the cut-off date for a mandatory shift to a tariff-based competitive bidding regime.

Green tribunal shifts Sterlite gas leak case to New Delhi

The National Green Tribunal (southern region) has shifted a case involving Sterlite’s copper facility at Tuticorin to New Delhi. Sterlite’s Tuticorin plant has been shut since March 29, after the Tamil Nadu Pollution Control Board alleged sulphur dioxide emissions from the copper facility were beyond permissible levels. Sterlite has said its revenue loss on account of the closure of the plant is about Rs 50 crore. Earlier, the tribunal had planned to announce an order on the case on Monday, based on the findings of a committee appointed by it. The committee had inspected the machinery and tools at the plant in Tuticorin, Tamil Nadu.

MCX & NCDEX Tips
Gold, Silver, Copper, Nickel & Crude 

Gold is in sideways trend. Gold support is at 27000 and 26800; Resistance is at 27440 and 27650. Buying at dips is recommended for the day.

Silver is in sideways trend.  Silver support is at 44800 and 44550. Resistance is at 45600 and 45890. Buying at dips is recommended for the day.

Copper is in sideways trend. Copper support is at 377 & 374. Resistance is at 387 & 392. Sell on rise around 386-87.

Nickel is in sideways trend. Nickel support is at 819 & 810. Resistance is at 832 & 842. Sell on rise around 830-35 for the target of 815.

Crude is in sideways trend. Crude support is at 5040 & 5000. Resistance is at 5120 & 5160. Sell on rise around 5100 for the target of 5000. 


Economic Data:

NCDEX Tips:

PEPPER (MAY): Intraday trend for Pepper is expected sideways. 35000 is a good support and 35700 is good resistance for pepper.

JEERA (MAY): Intraday trend for Jeera is expected negative. 12700 is a good support level and 13000 is a good resistance.

RMSEED (MAY): Rmseed trend is expected sideways. 3470 is a good support and 3520 is intraday resistance.

CHANNA (MAY): Intraday trend for Channa is expected sideways. Support is at 3450 and resistance is around 3500.

SOYREFINED (MAY): Trend for Soya Refined is expected positive. Intraday support is at 720 and resistance for the day is 730.

CASTORSEED (MAY): Intraday trend for Castor seed is expected negative. 3280 is a good support and 3360 is intraday resistance.

DHANIYA (MAY): Intraday trend for Dhaniya is expected slightly positive. Support is at 6750 and resistance is around 7000.

SOYBEAN (MAY): Trend for Soybean is expected negative. Intraday support is at 3900 and resistance for the day is 4050. 

Tips on Nifty & Stocks to Watch!
Economy News 

Nifty: According to daily chart of Nifty Future, it is in up trend and may head up to 5960 in the coming trading sessions. Support for Nifty is at 5850 and 5800. And resistance for Nifty is at 5933 and 5980.


Bank Nifty: According to daily chart of Bank Nifty Future, it is in up trend and may head up to 12800 in the coming trading sessions. Support for Bank Nifty is at 12500 and 12400. And resistance for Bank Nifty is at 12800 and 12900. 

Nifty Futures are expecting positive opening by 15-20 points in the range of 5895-5900.


Stocks to Watch: 

Tata Steel
Reliance Industries

NEWS:

Job fraud cases haunt automobile sector

The automobile sector has been seeing increasing incidents of recruitment fraud in recent quarters, according to human resource personnel. Tata Motors, Mahindra & Mahindra (M&M) and Bajaj Auto have noted a rise in these incidents.The way these individuals operate is distinct. Job-seekers are sent an email or an SMS wherein the name of a prominent auto company is used. These fraudsters ask for payment by cash or cheque to an account. They register domain IDs which sound similar to the ones used by organizations of repute, emailing thousands of unsuspecting job seekers, who could be fresh out of college or from Tier-II or Tier-III cities, or rural areas, inviting applications with security deposits.

Cipla ready with big capex on ground

Cipla Ltd is set to play a bigger role in the domestic market. In the last five years, the company has invested nearly Rs 3,000 crore in capacity expansion, the most among its peers to create India's biggest manufacturing set-up. This gives Cipla the ability to scale up its operations rapidly by making small incremental investments in sales, distribution and marketing. This could prove decisive for the company once growth in the domestic pharma market picks up. A strong manufacturing print in India will also help the company grow aggressively in the export market.

MCX & NCDEX Tips
Gold, Silver, Copper, Nickel & Crude

Gold is in sideways trend. Gold support is at 26950 and 26800; Resistance is at 27300 and 27460. Buying at dips is recommended for the day.

Silver is in sideways trend.  Silver support is at 44800 and 44300. Resistance is at 45400 and 45900. Buying at dips is recommended for the day.

Copper is in sideways trend.  Copper support is at 382 & 380. Resistance is at 392 & 396. Buying at dips is recommended for the day.

Nickel is in sideways trend. Nickel support is at 825 & 815. Resistance is at 840 & 848. Nickel prices are expected to trade in the range of 825-850.

Crude is in sideways trend. Crude support is at 5000 & 4970. Resistance is at 5090 & 5140. Crude prices are expected to resist 5092-5100 or higher. 


Economic Data:

NCDEX Tips:

PEPPER (MAY): Intraday trend for Pepper is expected sideways. 35000 is a good support and 35700 is good resistance for pepper.

JEERA (MAY): Intraday trend for Jeera is expected negative. 12850 is a good support level and 13150 is a good resistance.

RMSEED (MAY): Rmseed trend is expected slightly positive. 3470 is a good support and 3520 is intraday resistance.

CHANNA (MAY): Intraday trend for Channa is expected slightly positive. Support is at 3480 and resistance is around 3550.

SOYREFINED (MAY): Trend for Soya Refined is expected positive. Intraday support is at 718 and resistance for the day is 725.

CASTORSEED (MAY): Intraday trend for Castor seed is expected sideways. 3360 is a good support and 3430 is intraday resistance.

DHANIYA (MAY): Intraday trend for Dhaniya is expected slightly positive. Support is at 6700 and resistance is around 6950.

SOYBEAN (MAY): Trend for Soybean is expected positive. Intraday support is at 4070 and resistance for the day is 4180. 

Tips on Nifty & Stocks to Watch!
Economy News 

Nifty: According to daily chart of Nifty Future, it is in uptrend and may head up to 5960 in the coming trading sessions. Support for Nifty at 5850 and 5800. And resistance for Nifty is at 5933 and 5980.

Bank Nifty: According to daily chart of Bank Nifty Future, it is in uptrend and may head up to 12800 in the coming trading sessions. Support for Bank Nifty is at 12500 and 12400. And resistance for Bank Nifty is at 12800 and 12900. 

Nifty Futures are expecting positive opening by 5-10 points in the range of5925-5930.

Stocks to Watch:

Hikal
Coal India

NEWS:

Etihad Airways to get right of first refusal

The deal between Etihad Airways and Jet Airways has a ‘right of first refusal’ clause, which gives the Abu Dhabi-based airline an opportunity to increase its stake in the Indian carrier if the Jet promoters decide to sell further stake in future. The two airlines inked an alliance, under which Etihad will purchase 24 percent stake in Jet Airways for about Rs 2,054 crore through the preferential allotment route. Prior to the allotment of preference shares, Jet Airways’ promoter Naresh Goyal, who holds 80 per cent in the airline through Isle of Man-registered Tail Winds, will sell about 10 per cent of his stake. This will make the airline comply with the 25 per cent minimum public shareholding requirement.

More West Asian hubs join Indian sky war

The battle for India in the West Asian aviation market is hotting up, with Qatar, Dubai and Sharjah asking for around 80,000 additional seats a week as part of their bilateral negotiations with India. India announced a massive expansion in capacity between India and Abu Dhabi, within hours of Jet Airways announcing sale of 24 per cent stake to Abu Dhabi-based Etihad. And, an expanded bilateral agreement has already been signed with Oman. Now, if the government fully agrees with the demands of Qatar, Dubai and Sharjah, it would mean a doubling of India's seat capacity from the five West Asian hubs. At present, these hubs together account for about 25 per cent of India's total international passenger market.

MCX & NCDEX Tips
Gold, Silver, Copper, Nickel & Crude

Gold is in sideways trend. Gold support is at 26320 and 26150; Resistance is at 26750 and 26930. Gold prices are witnessing a support at 26150; we expect prices to rise till 26700-26800.

Silver is in sideways trend.  Silver support is at 42700 and 42300. Resistance is at 43900 and 44300. Silver prices are expected to trade within 44300 to 42700.

Copper is in sideways trend.  Copper support is at 376 & 373. Resistance is at 385 & 388. Copper prices are expected to trade within the range from 376 to 385.

Nickel is in sideways trend. Nickel support is at 824 & 815. Resistance is at 830 & 841. Nickel prices are expected to test the resistance at 837-840.

Crude is in sideways trend. Crude support is at 4950 & 4910. Resistance is at 5020 & 5060. Crude prices are expected to resist 5022-5055 on higher.


Economic Data:

NCDEX Tips:

PEPPER (MAY): Intraday trend for Pepper is expected sideways. 35000 is a good support and 35700 is good resistance for pepper.

JEERA (MAY): Intraday trend for Jeera is expected sideways. 13000 is a good support level and 13300 is a good resistance.

RMSEED (MAY): Rmseed trend is expected sideways. 3450 is a good support and 3520 is intraday resistance.

CHANNA (MAY): Intraday trend for Channa is expected sideways. Support is at 3530 and resistance is around 3590.

SOYREFINED (MAY): Trend for Soya Refined is expected positive. Intraday support is at 708 and resistance for the day is 715.

CASTORSEED (MAY): Intraday trend for Castor seed is expected slightly negative. 3380 is a good support and 3450 is intraday resistance.

DHANIYA (MAY): Intraday trend for Dhaniya is expected slightly negative. Support is at 6700 and resistance is around 6950.

SOYBEAN (MAY): Trend for Soybean is expected positive. Intraday support is at 3950 and resistance for the day is 4100.

Tips on Nifty & Stocks to Watch!
Economy News 

Nifty: According to daily chart of Nifty Future, it is in up trend and may head upto 5960 in the coming trading sessions. Support for Nifty is at 5850 and 5800. And resistance for Nifty is at 5933 and 5980.

Bank Nifty: According to daily chart of Bank Nifty Future, it is in uptrend and may head upto 12800 in the coming trading sessions. Support for Bank Nifty is at 12500 and 12400. And resistance for Bank Nifty is at 12800 and 12900.

Nifty Futures are expecting positive opening by 65-70 points in the range of 5910-5915. 

Stocks to Watch:

JSW Steel
Tata Comm

NEWS:

Etihad checks into Jet with 24% stake

After eight months of hard bargaining, the Naresh Goyal-promoted Jet Airways on Wednesday sealed a deal with Abu Dhabi-based Etihad Airways, under which the latter will pick a 24 per cent stake in the country’s second-largest domestic airline for Rs 2,054 crore ($379 million). Besides, under a wider overall commitment, Etihad will inject another Rs 1,192 crore ($220 million) into Jet. After AirAsia’s tie-up with Tata Sons earlier this year, this is the second major deal in the aviation space since the government last year allowed foreign airline companies to hold up to 49 per cent stake in Indian ones.

OVL, OIL may buy India energy ticket to Myanmar

Even as China is showing unprecedented aggression at the borders, it is set to lose to India on another front. The oil and gas sector in Myanmar could soon see dominance by Indian companies. State-run ONGC Videsh Ltd (OVL) and Oil India Ltd (OIL) are on the lookout for assets in Myanmar, in the ongoing round of international bidding for onshore and offshore oil and gas blocks in that country. There is only one Chinese company in the race for onshore blocks in Myanmar. Myanmar has put on the block 30 offshore blocks, 11 shallow and 19 deep-sea oil and gas blocks, on a production-sharing basis. Eighteen onshore blocks, too, are up for grabs.

MCX & NCDEX Tips
Gold, Silver, Copper, Nickel & Crude 

Gold is in sideways trend. Gold support is at 26200 and 25900; Resistance is at 26500 and 26850. Gold prices are expected to trade within the range from 26600 to 25900.

Silver is in sideways trend.  Silver support is at 43000 and 42600. Resistance is at 43900 and 44300. Silver prices are expected to trade within 44300 to 42700.

Copper is in sideways trend.  Copper support is at 372 & 368. Resistance is at 378 & 381. Copper prices are expected to trade within the range from 378 to 368.

Nickel is in sideways trend. Nickel support at 815 & 800. Resistance is at 841 & 852. Nickel prices are expected to trade in the range between 815-840.

Crude is in sideways trend. Crude support is at 4780 & 4730. Resistance is at 4855 & 4930. Crude prices are expected to resist 4850-4870 on higher. 


Economic Data:

NCDEX Tips:

PEPPER (MAY): Intraday trend for Pepper is expected sideways. 35000 is a good support and 35700 is good resistance for pepper.

JEERA (MAY): Intraday trend for Jeera is expected negative. 13000 is a good support level and 13300 is a good resistance.

RMSEED (MAY): Rmseed trend is expected sideways. 3450 is a good support and 3500 is intraday resistance.

CHANNA (MAY): Intraday trend for Channa is expected slightly negative. Support is at 3530 and resistance is around 3600.

SOYREFINED (MAY): Trend for Soya Refined is expected positive. Intraday support is at 700 and resistance for the day is 710.

CASTORSEED (MAY): Intraday trend for Castor seed is expected slightly positive. 3380 is a good support and 3450 is intraday resistance.

DHANIYA (MAY): Intraday trend for Dhaniya is expected slightly negative. Support is at 6900 and resistance is around 7050.

SOYBEAN (MAY): Trend for Soybean is expected positive. Intraday support is at 3850 and resistance for the day is 3950. 

Tips on Nifty & Stocks to Watch!
Economy News 

Nifty: According to daily chart of Nifty Future, it is in up trend but a minor resistance of falling trendline lies at 5850 which may stop Nifty from going ahead in coming days. Support for Nifty is at 5790 and 5720. And resistance for Nifty is at 5860 and 5905.

Bank Nifty: According to daily chart of Bank Nifty Future, it is in up trend and may head upto 12800 in the today’s session if continues to sustain above yesterday’s closing. Support for Bank Nifty is at 12500 and 12400. And resistance for Bank Nifty is at 12680 and 12760. 

Nifty Futures are expecting flat opening in the range of 5835-5840.

Stocks to Watch:

ABB
IL & FS Engg

NEWS: 

Coal price pooling shelved

The country's power producers would not be able to reap the benefit of coal price pooling for their projects, as the government shelved a proposal to this effect after a consensus on the likely impact on tariff could not be reached. The proposal, under the pooling mechanism, was to supply costly imported coal at uniform rates to power firms. This would have made coal costlier for old stations but cheaper for new ones (those commissioned since 2009). The decision to bury the proposal came at a meeting of the Cabinet Committee on Economic Affairs (CCEA). CCEA had decided power plants with capacity of 60,000 Mw and commissioned before 2009 would continue to get coal from CIL as before.

Posco land acquisition gains steam, Centre to study progress

Even as the Centre is set to review the progress on the Posco mega steel plant in Odisha, in an inter-departmental ministerial committee meeting on Tuesday, the renewed land acquisition drive for the plant, near Paradip, continued peacefully for the second day at Gobindpur in Jagatsinghpur district on Monday. The chairman and managing director (CMD) of Posco India, Y W Yoon, called on the state development commissioner, J K Mohapatra. The state, which has conducted the acquisition for the 12-million-tonne project in installments, has acquired 2,100 of the 2,700 acres needed to start the first phase work comprising eight-million tonne capacity. It is hopeful of acquiring the rest in next four months.

MCX & NCDEX Tips
Gold, Silver, Copper, Nickel & Crude

Gold is in sideways trend. Gold support is at 25900 and 25800; Resistance is at 26320 and 26700. Buying at dips is recommended for the day.

Silver is in sideways trend.  Silver support is at 42800 and 42300. Resistance is at 43900 and 44500. Buying at dips is recommended for the day.

Copper is in sideways trend.  Copper support is at 373 & 369. Resistance is at 379 & 383. Copper prices are expected to trade in the range of 370-380.

Nickel is in sideways trend. Nickel support is at 814 & 807. Resistance is at 838 & 848. Nickel prices are expected to trade in the range of 807-840.

Crude is in sideways trend. Crude support is at 4730 & 4690. Resistance is at 4840 & 4890. Buying at dips is recommended for the day. 


Economic Data:

NCDEX Tips:

PEPPER (MAY): Intraday trend for Pepper is expected sideways. 35000 is a good support and 35700 is good resistance for pepper.

JEERA (MAY): Intraday trend for Jeera is expected negative. 13000 is a good support level and 13300 is a good resistance.

RMSEED (MAY): Rmseed trend is expected sideways. 3470 is a good support and 3520 is intraday resistance.

CHANNA (MAY): Intraday trend for Channa is expected sideways. Support is at 3550 and resistance is around 3620.

SOYREFINED (MAY): Trend for Soya Refined is expected positive. Intraday support is at 699 and resistance for the day is 710.

CASTORSEED (MAY): Intraday trend for Castor seed is expected sideways. 3380 is a good support and 3450 is intraday resistance.

DHANIYA (MAY): Intraday trend for Dhaniya is expected slightly positive. Support is at 6900 and resistance is around 7100.

SOYBEAN (MAY): Trend for Soybean is expected positive. Intraday support is at 3770 and resistance for the day is 3900. 

Tips on Nifty & Stocks to Watch!
Economy News 

Nifty: According to daily chart of Nifty Future, it is in up trend and can see 5860-5880 in coming days, where next resistance lies. Support for Nifty is at 5790 and 5720. And resistance for Nifty is at 5860 and 5905.

Bank Nifty: According to daily chart of Bank Nifty Future, it is in uptrend and may head up to 12500 in coming days. Support for Bank Nifty is at 12250 and 12100. And resistance for Bank Nifty is at 12400 and 12500. 


Nifty Futures are expecting positive opening by 30-35 points in range of 5820-5825. 

Stocks to Watch:

RComm
BPCL

NEWS:

Early birds snip dividend

The first flush of results for the March quarter has been disappointing for long-term investors, who buy and hold stocks to earn a steady stream of dividend. The aggregate dividend payout by the 23 companies that have declared their payouts for FY13 so far has declined by 2.4 per cent. The same set of companies had paid 16.4 per cent higher dividends in FY12 over the previous year. Their dividend payout ratio (proportion of net profit distributed as equity dividend) declined nearly 300 basis points to 23.5 per cent, the lowest level in four years. Adjusted for double-digit consumer inflation, it translates into a decline in dividend earnings for investors in real terms.

Mukesh infuses Rs 8,575 cr into gas, port arms

Reliance Industries Chairman Mukesh Ambani is backing his gas and port companies with a massive fund infusion of Rs 8,575 crore. Ambani has infused Rs 3,000 crore of equity into the port and terminal company, Reliance Ports & Terminals Ltd (RPTL), and another Rs 1,575 crore of equity in Reliance Gas & Transportation Infrastructure Ltd (RGTIL). The investor companies - owned by Mukesh Ambani - have also lent Rs 4,000 crore to RGTIL as subordinated debt. RGTIL and RPTL are Mukesh Ambani's personal companies and the fund infusion was made in the last financial year as debt and equity. Both companies give critical support to Reliance Industries' operations.

MCX & NCDEX Tips
Gold, Silver, Copper, Nickel & Crude 

Gold is in sideways trend. Gold support is at 25400 and 25200; Resistance is at 25800 and 26050. Gold prices are expected to trade within the range from 25400 to 25800.

Silver is in sideways trend.  Silver support is at 42700 and 42000. Resistance is at 43850 and 44350. Silver prices are expected to trade within 42700 to 44300.

Copper is in sideways trend.  Copper support is at 370 & 368. Resistance is at 376 & 378. Copper prices are expected to fall till 372-370. We may witness a bounce back from these levels till 376-377.

Nickel is in sideways trend. Nickel support is at 818 & 803. Resistance is at 838 & 848. Nickel prices are expected to witness further weakness till 810-800.

Crude is in sideways trend. Crude support is at 4640 & 4600. Resistance is at 4700 & 4845. Crude prices are expected to test 4600-4580 on lower level one can sell on rise. 


Economic Data:

NCDEX Tips:

PEPPER (MAY): Intraday trend for Pepper is expected sideways. 34700 is a good support and 35500 is good resistance for pepper.

JEERA (MAY): Intraday trend for Jeera is expected negative. 13000 is a good support level and 13300 is a good resistance.

RMSEED (MAY): Rmseed trend is expected slightly positive. 3520 is a good support and 3590 is intraday resistance.

CHANNA (MAY): Intraday trend for Channa is expected sideways. Support is at 3620 and resistance is around 3710.

SOYREFINED (MAY): Trend for Soya Refined is expected positive. Intraday support is at 705 and resistance for the day is 718.

CASTORSEED (MAY): Intraday trend for Castor seed is expected sideways. 3380 is a good support and 3500 is intraday resistance.

DHANIYA (MAY): Intraday trend for Dhaniya is expected negative. Support is at 6900 and resistance is around 7100.

SOYBEAN (MAY): Trend for Soybean is expected positive. Intraday support is at 3900 and resistance for the day is 4050. 

Tips on nifty & Stocks to Watch!
Economy News 

Nifty: According to daily chart of Nifty Future, it is showing exhaustion near 5720-5730 levels from where it might correct till 5665 and again start rallying. Support for Nifty is at 5650 and 5600. And resistance for Nifty is at 5730 and 5780.

Bank Nifty: According to daily chart of Bank Nifty Future, it is showing exhaustion near 12050-12100 levels from where it might correct till 5665 and again start rallying. Support for Bank Nifty is at 11860 and 11690. And resistance for Bank Nifty is at 12100 and 12240. 

Nifty Futures are expecting negative opening by 5-10 points in the range of 5690-5695.


Stocks to Watch:

GMR Infra
Coal India

NEWS:

TCS, HCL Tech lift IT gloom

In stark contrast with the dismal numbers Infosys reported last week, Tata Consultancy Services (TCS) and HCL Technologies on Wednesday lived up to the Street's expectations for the quarter ended March 2013 on both revenue and profit growth parameters. Even as Infosys continues to face headwinds, TCS and HCL are confident of delivering better growth in FY14. For the quarter ended March, TCS reported net profit of Rs 3,597 crore, a 22.1 per cent growth over the corresponding quarter of the previous year and a 1.3 per cent increase on a quarter-on-quarter basis. HCL Technologies, on the other hand, posted a 72.6 per cent jump in net profit for the quarter. Net profit rose to Rs 1,039.9 crore, from Rs 602.5 crore in the same period last year. The company follows a July-June financial year. The revenues of the country's fourth-largest software services firm stood at Rs 6,424.6 crore during the quarter, up 23.2 per cent from Rs 5,215.6 crore in the year-ago period.

Banks may raise margin requirement for gold loans

Following a sharp fall in gold prices over the past few days, banks have started reviewing the margin requirement for loans against the yellow metal. After dropping Rs 3,160 over the last three sessions, gold prices on Wednesday fell Rs 90 to Rs 26,350 per 10g, the lowest level since August 17, 2011, on sustained selling by stockists against restricted buying. Typically, most public sector banks maintain a loan-to-value ratio of 70 per cent, while it is higher for some private-sector lenders. Top executives of government banks said they had already reduced the amount they used to lend per gram of pure gold.

MCX & NCDEX Tips
Gold, Silver, Copper, Nickel & Crude

Gold is in sideways trend. Gold support is at 25700 and 25500; Resistance is at 25900 and 26130. Gold prices witnessed support at 25200; prices are expected to bounce till 26300.

Silver is in sideways trend.  Silver support is at 43000 and 42400. Resistance is at 44550 and 45100. Silver prices are expected to bounce from lower level. One can expect a bounce till 44500-44800.

Copper is in sideways trend.  Copper support is at 390 & 386. Resistance is at 397 & 401. Copper prices are expected to witness a range bound move from 387 to 395.

Nickel is in sideways trend. Nickel support is at 840 & 827. Resistance is at 863 & 870. Nickel prices are expected to witness a range bound move from 835 to 880.

Crude is in sideways trend. Crude support is at 4770 & 4735. Resistance is at 4800 & 4850. Crude prices are expected to bounce for intraday; one can expect 4850-4870 on higher end.

 
Economic Data: 

NCDEX Tips:

PEPPER (MAY): Intraday trend for Pepper is expected slightly negative. 34700 is a good support and 35500 is good resistance for pepper.

JEERA (MAY): Intraday trend for Jeera is expected negative. 13000 is a good support level and 13300 is a good resistance.

RMSEED (MAY): Rmseed trend is expected slightly negative. 3500 is a good support and 3570 is intraday resistance.

CHANNA (MAY): Intraday trend for Channa is expected negative. Support is at 3600 and resistance is around 3680.

SOYREFINED (MAY): Trend for Soya Refined is expected negative. Intraday support is at 695 and resistance for the day is 708.

CASTORSEED (MAY): Intraday trend for Castor seed is expected negative. 3350 is a good support and 3500 is intraday resistance.

DHANIYA (MAY): Intraday trend for Dhaniya is expected negative. Support is at 6900 and resistance is around 7300.

SOYBEAN (MAY): Trend for Soybean is expected negative. Intraday support is at 3740 and resistance for the day is 3840. 

Tips on Nifty & Stocks to Watch!
Economy News 

Nifty: According to daily chart of Nifty Future, it has broken out of range of 5480 and 5620 on the up side so further up move is expected in Nifty. Support for Nifty is at 5620 and 5540. And resistance for Nifty is at 5720 and 5780.

Bank Nifty: According to daily chart of Bank Nifty Future, it has broken the resistance level of 11800, now if continues to sustain above this level can head till 12200. Support for Bank Nifty is at 11800 and 11600. And resistance for Bank Nifty is at 12000 and 12150. 

Nifty Futures are expecting positive opening by 25-30 points in the range of 5720-5725.

Stocks to Watch:

BHEL
Coal India

NEWS:

Reliance Industries closer to being No 1 retailer

Reliance Industries Ltd (RIL), the country’s highest valued company, is on the way to becoming the number one retailer in India, seven years after it diversified into this sector from its mainstay of refining and the petrochemicals business. The importance of the retail arm has risen in importance, given RIL’s challenges in the petroleum exploration business, with depleting gas levels at its KG-D6 basin. The company has cash equivalents of Rs 82,975 crore in its books, which need to be deployed for better return on capital.

L&T close to winning Rs 4,300-cr Saudi order

Indian engineering and construction giant Larsen & Toubro (L&T) is close to winning a $800-million contract from Saudi Aramco for building its upstream processing facilities for the Midyan field, as well as a 135-kilometre pipeline to transport gas to the power plant in Saudi Arabia. With the Indian economy slowing down, L&T has been increasingly focusing on its international businesses to improve its topline. The project is to develop the onshore Midyan gas field to produce 75 million cubic feet a day of gas condensate for a 20-year period. The output will, then, be transported to a power plant in the coastal city of Duba, which is situated 135 kilometres away.

MCX & NCDEX Tips
Gold, Silver, Copper, Nickel & Crude

Gold is in sideways trend. Gold support is at 25000 and 24200; Resistance is at 25850 and 26550. Gold may expect a bounce from 25200-25000 levels as oscillators are in oversold zone. However the trend remains weak.

Silver is in sideways trend.  Silver support is at 42700 and 41500. Resistance is at 44200 and 45200. Silver prices are expected to witness further fall till 42700-42200. Prices are expected to bounce from lower level as oscillators are in oversold zone.

Copper is in slightly bearish trend.  Copper support is at 391 & 386. Resistance is at 401 & 405. Copper prices are expected to a bounce till 398-400 whereby one can sell.

Nickel is in slightly bearish trend. Nickel support is at 840 & 827. Resistance is at 863 & 870. Nickel prices are expected to witness a range bound move from 835 to 880.

Crude is in slightly bearish trend. Crude support is at 4750 & 4680. Resistance is at 4820 & 4850. Crude prices are expected to witness selling pressure, one can sell on rise. 


Economic Data: 

NCDEX Tips:

PEPPER (MAY): Intraday trend for Pepper is expected slightly negative. 35000 is a good support and 35860 is good resistance for pepper.

JEERA (MAY):  Intraday trend for Jeera is expected negative. 13300 is a good support level and 13700 is a good resistance.

RMSEED (MAY): Rmseed trend is expected slightly negative. 3550 is a good support and 3620 is intraday resistance.

CHANNA (MAY): Intraday trend for Channa is expected sideways. Support is at 3650 and resistance is around 3730.

SOYREFINED (MAY): Trend for Soy Refined is expected slightly positive. Intraday support is at 695 and resistance for the day is 708.

CASTORSEED (MAY): Intraday trend for Castor seed is expected slightly negative. 3500 is a good support and 3560 is intraday resistance.

DHANIYA (MAY): Intraday trend for Dhaniya is expected negative. Support is at 7250 and resistance is around 7550.

SOYBEAN (MAY): Trend for Soybean is expected negative. Intraday support is at 3770 and resistance for the day is 3900. 

Tips on Nifty & Stocks to Watch!
Economy News

Nifty: According to daily chart of Nifty Future, it is trading in a range of 5480 and 5620 from the past couple of sessions. A break of either of these levels will bring 50-70 points move in Nifty. Support for Nifty is at 5540 and 5480. And resistance for Nifty is at 5630 and 5680.

Bank Nifty: According to daily chart of Bank Nifty Future, it has broken the resistance level of 11400, now if continues to sustain above this level can head till 11800. Support for Bank Nifty is at 11400 and 11280. And resistance for Bank Nifty is at 11560 and 11700.

Nifty Futures are expecting negative opening.


STOCKS TO WATCH:

ONGC
Jet Airways

NEWS:

BPCL to spend Rs 32,500 cr to up its refining capacity

State-run Bharat Petroleum Corporation Ltd (BPCL) will spend Rs 32,500 crore to expand its refining capacity from the current 30.5 million tonnes (mt) to 47.5 mt in the next three-four years. The company will spend Rs 10,000 crore on its Numaligarh refinery to expand its capacity from three mt to nine mt. BPCL owns 61.65 per cent in the Numaligarh Refinery. The Assam government holds 12.35 per cent in the refinery and Oil India Limited holds the rest. At its Mumbai refinery, however, capacity would go up from 12 mt to 14 mt through change of its crude oil distillation unit, increasing distillation.

Fall in input prices cheer FMCG companies

Consumer product companies are likely to benefit in the fourth quarter of the 2012-13 financial year from softening commodity prices. Demand for these inputs remains tepid in a weak economic environment. In recent months, palm fatty acid distillate (PFAD), used in making soap, is down by 25 percent over the year-ago period. Liquid paraffin, used in manufacture of hair oil, is down 10 per cent. Mentha oil and peppermint oil, used in making toothpaste, are down 25-30 per cent over the year-ago period. Hence, makers of these products would find their manufacturing costs lower in comparison to the year-ago period, translating into higher gross margins.

MCX & NCDEX Tips
Gold, Silver, Copper, Nickel & Crude

Gold is in bearish trend. Gold support is at 27000 and 26700; Resistance is at 27450 and 27680. Gold prices are expected to witness selling pressure; one can sell on rise.

Silver is in bearish trend.  Silver support is at 45800 and 45000. Resistance is at 47000 and 48200. Silver prices are expected to witness selling pressure; one can sell on rise.

Copper is in slightly bearish trend.  Copper support is at 397 & 392. Resistance is at 404 & 407. Copper prices are expected to test till 392-390; one can sell on rise.

Nickel is in slightly bearish trend. Nickel support is at 840 & 827. Resistance is at 863 & 870. Nickel prices are expected to witness a downside move till 830-820; one can sell on rise.

Crude is in slightly bearish trend. Crude support is at 4830 & 4770. Resistance is at 4930 & 4975. Crude prices are expected to witness selling pressure, one can sell on rise.


Economic Data:

NCDEX Tips:

PEPPER (MAY): Intraday trend for Pepper is expected sideways. 35300 is a good support and 35950 is good resistance for pepper.

JEERA (MAY): Intraday trend for Jeera is expected slightly negative. 13700 is a good support level and 13850 is a good resistance.

RMSEED (MAY): Rmseed trend is expected slightly negative. 3550 is a good support and 3620 is intraday resistance.

CHANNA (MAY): Intraday trend for Channa is expected slightly negative. Support is at 3630 and resistance is around 3730.

SOYREFINED (MAY): Trend for Soya Refined is expected slightly negative. Intraday support is at 695 and resistance for the day is 708.

CASTOR SEED (MAY): Intraday trend for Castor seed is expected slightly negative. 3550 is a good support and 3640 is intraday resistance.

DHANIYA (MAY): Intraday trend for Dhaniya is expected positive. Support is at 7400 and resistance is around 7650.

SOYBEAN (MAY): Trend for Soybean is expected negative. Intraday support is at 3800 and resistance for the day is 4020.

Tips on Nifty & Stocks to Watch!
Economy News

Nifty: According to daily chart of Nifty Future, it is trading in range of 5480 and 5620 from the past couple of sessions. A break of either of these levels will bring 50-70 points move in Nifty. Support for Nifty is at 5540 and 5480. And resistance for Nifty is at 5630 and 5680.

Bank Nifty: According to daily chart of Bank Nifty Future, it is trading near the resistance level of 11400 if broken and sustains above that level then up move in Bank Nifty will remain intact. Support for Bank Nifty is at 11280 and 11100. And resistance for Bank Nifty is at 11450 and 11560. 

Nifty Futures Expecting Negative Opening.


STOCKS TO WATCH:

SAIL (Steel Authority of Indian Limited)
Bharti Airtel


NEWS:

Honda plans smaller diesel engine for emerging markets

Honda Motor Company (HMC), which drove into the Indian diesel car market last week, is looking at developing a diesel engine with reduced capacity, to power small cars in emerging markets. The small diesel engine plan is strategic, as it aims at doubling sales in emerging markets, including India and China, to three million units annually by 2017. The Japanese auto major had launched a diesel-powered entry-level sedan, Amaze. Honda has recently introduced the 1.5-litre i-DTEC (exclusively developed for the Indian market) engine. But it has no plans to use this in existing products. The 1.5-litre engine would be sequentially adopted on newer products, including the new City, the Fit (Jazz) and utility vehicles. The smaller diesel engine would be used to power entry-level cars.

With 219 patents, Novartis might have little to complain

India’s intent to respect intellectual property may have drawn international criticism following the Supreme Court’s decision on Glivec, but facts point at a different story. After Swiss multinational pharma major Novartis recently accused India of disrespecting intellectual property, data has now shown that India has granted at least 219 patents to Novartis in the pharmaceutical field. India started granting product patents only from 2005 onwards, in line with the World Trade Organization’s Trade Related Aspects of Intellectual Property Rights (TRIPs) agreement. The data shows that Novartis, along with its subsidiaries, secured 137 pharmaceutical product patents between 2005-06 and 2009-10. 

MCX & NCDEX Tips
Gold, Silver, Copper, Nickel & Crude 

Gold is in sideways trend. Gold support is at 29100 and 29000; Resistance is at 29350 and 29480. Gold prices are expected to witness selling pressure one can sell on rise.

Silver is in sideways trend.  Silver support is at 51500 and 51100. Resistance is at 51850 and 52200. Silver prices are expected to witness a range bound move from 52100 to 51200. 

Copper is in sideways trend.  Copper support is at 408 & 405. Resistance is at 413.50 & 416. Copper prices are expected to edge higher till 415-416 one can buy on dips.

Nickel is in sideways trend. Nickel support is at 872 & 860. Resistance is at 887 & 892. Nickel prices are expected to witness a range bound move from 870 to 890. 

Crude is in sideways trend. Crude support is at 5040 & 5000. Resistance is at 5135 & 5175. Crude prices are expected to witness selling pressure. We expect prices to test 5000 on lower end.


Economic Data:

NCDEX Tips:

PEPPER (MAY): Intraday trend for Pepper is expected sideways. 35300 is a good support and 35950 is good resistance for pepper.

JEERA (MAY): Intraday trend for Jeera is expected slightly negative. 13700 is a good support level and 13850 is a good resistance.

RMSEED (MAY): Rmseed trend is expected sideways. 3550 is a good support and 3620 is intraday resistance.

CHANNA (MAY): Intraday trend for Channa is expected slightly negative. Support is at 3540 and resistance is around 3600.

SOYREFINED (MAY): Trend for Soya Refined is expected slightly negative. Intraday support is at 695 and resistance for the day is 708.

CASTORSEED (MAY): Intraday trend for Castor seed is expected slightly negative. 3600 is a good support and 3700 is intraday resistance.

DHANIYA (MAY): Intraday trend for Dhaniya is expected sideways. Support is at 7400 and resistance is around 7650.

SOYBEAN (MAY): Trend for Soybean is expected slightly negative. Intraday support is at 3900 and resistance for the day is 4020. 

Tips on Nifty & Stocks to Watch!
Economy News

Nifty: According to daily chart of Nifty Future, it is trading near the resistance level of 5620 if broken and sustains above that level then up move in Nifty will remain intact. Support for Nifty is at 5540 and 5480. And resistance for Nifty is at 5630 and 5680.

Bank Nifty: According to daily chart of Bank Nifty Future, it is trading near the resistance level of 11350 if broken and sustains above that level then up move in Bank Nifty will remain intact. Support for Bank Nifty is at 11100 and 10900. And resistance for Bank Nifty is at 11350 and 11500. 

Nifty Futures expecting negative opening.


STOCKS TO WATCH:

State Bank of India
Dr. Reddy

NEWS: 

Focus on sales, not margins, drives Infosys turnaround

Software services firm Infosys Ltd's stepped-up sales push, including a willingness to sacrifice margins, is helping it win business and halt its loss of market share to industry leader Tata Consultancy Services. Until January, Infosys had turned in a string of disappointing results as a strategic revamp took longer to pay off than it had hoped. A spate of order wins, especially in Europe, has since brightened the outlook for India's No. 2 industry player, lifting its shares by more than 25%.

AAI refuses to give NOC to Kingfisher Airlines

The Airports Authority of India (AAI) has declined to give a no-objection certificate (NOC) to Kingfisher Airlines (KFA).Yesterday; the airline had sought regulatory approval to revive operations and had given its plan to the Directorate General of Civil Aviation (DGCA) on infusion of funds and revival of operations. Kingfisher Airlines has got a NOC from airline operators (Delhi International Airport Limited and Mumbai International Airport Limited, etc.) and maintenance, repair and overhaul (MRO) companies. However, it is yet to get NOCs from AAI, tax authorities, banks and the service tax departments because the airline still owes due to them.

MCX & NCDEX Tips
Gold, Silver, Copper, Nickel & Crude 

Gold is in sideways trend. Gold support is at 29100 and 29000; Resistance is at 29350 and 29510. Gold prices are expected to witness intraday range 29400-29000.

Silver is in sideways trend.  Silver support is at 51500 and 51100. Resistance is at 51850 and 52200. Silver prices are expected to witness a range bound move from 51200 to 52200.

Copper is in sideways trend. Copper support is at 410.5 & 408. Resistance is at 416 & 418.5. Copper prices are expected to edge higher till 418-419; one can buy on dips around 411-410.

Nickel is in sideways trend. Nickel support is at 872 & 860. Resistance is at 887 & 892. Nickel prices are expected to witness a range bound move from 870 to 890. One can trade within the range.

Crude is in sideways trend. Crude support is at 5110 & 5070. Resistance is at 5175 & 5210. Crude prices are expected range bound from 5170 to 5040 for the day. 


Economic Data: 

NCDEX Tips:


PEPPER (MAY): Intraday trend for Pepper is expected sideways. 35300 is a good support and 35950 is good resistance for pepper.

JEERA (MAY): Intraday trend for Jeera is expected sideways. 13700 is a good support level and 13900 is a good resistance.

RMSEED (MAY): Rmseed trend is expected sideways. 3570 is a good support and 3650 is intraday resistance.

CHANNA (MAY): Intraday trend for Channa is expected slightly negative. Support is at 3570 and resistance is around 3620.

SOYREFINED (MAY): Trend for Soya Refined is expected slightly negative. Intraday support is at 708 and resistance for the day is 718.

CASTORSEED (MAY): Intraday trend for Castor seed is expected slightly negative. 3650 is a good support and 3750 is intraday resistance.

DHANIYA (MAY): Intraday trend for Dhaniya is expected sideways. Support is at 7500 and resistance is around 7700.

SOYBEAN (MAY): Trend for Soybean is expected slightly negative. Intraday support is at 4000 and resistance for the day is 4150.

Tips on Nifty & Stocks to Watch!
Economy News 

Nifty: According to daily chart of Nifty Future, it has broken the important support level of 5550 and managed to close above the level of 5550, if sustains above this level then up move can be seen till 5620. Support for Nifty is at 5500 and 5460. And resistance for Nifty is at 5600 and 5650.

Bank Nifty: According to daily chart of Bank Nifty Future, it has broken the important support and psychological level of 11000 and managed to close above the level of 11000, if sustains above this level then up move can be seen till 11300. Support for Bank Nifty is at 11000 and 10900. And resistance for Bank Nifty is at 11250 and 11360.

Nifty Futures Expecting Positive Opening.

STOCKS TO WATCH:

Essar Oil
Berger Paints

NEWS:

Annual turnover threshold for GST set to be Rs. 25 lakh

The Centre and states have crossed another hurdle in the way of Goods & Services Tax (GST) by agreeing on an annual turnover threshold of Rs. 25 lakh. This means businesses with annual turnover less than Rs 25 lakh would be kept out of the GST purview. To address the issue of dual control of traders - by both the Union government and state governments - in GST, it has been decided that taxpayers with annual turnover of over Rs 1.5 crore would be taxed by the Centre, which will later disburse to states their share. Similarly, those below Rs 1.5 crore turnovers would deposit their taxes to states, which would subsequently pass on to the Centre its share.

BHEL to invest Rs 800 Cr on its solar PV plant

Bangalore-based electronics division (EDN) of Bharat Heavy Electricals Ltd (BHEL) has proposed to set up a backward integrated project for its solar photovoltaic panel business. The company has planned to set up an integrated manufacturing facility for ingots to wafers, cells and panels using crystalline photovoltaic technology. The company, which presently manufactures solar PV panels at its Bangalore plant, has estimated the investment for new facility in the region of Rs 800 crore. 

MCX & NCDEX Tips
Gold, Silver, Copper Nickel & Crude 

Gold is in sideways trend. Gold support is at 29600 and 29480; Resistance is at 29850 and 29950. Gold prices are expected to witness a range bound move from 29850 to 29500. One can trade within the range.

Silver is in sideways trend. Silver support is at 51900 and 51450. Resistance is at 52400 and 52900. Silver prices are expected to test 52800-53000 on higher end.

Copper is in sideways trend. Copper support is at 413 & 410. Resistance is at 415.5 & 418. Copper prices are expected to edge higher till 418-419 one can buy on dips.

Nickel is in sideways trend. Nickel support is at 880 & 872. Resistance is at 892 & 900. Nickel prices are expected to witness a range bound move from 870 to 890. 

Crude is in sideways trend. Crude support is at 5070 & 5040. Resistance is at 5145 & 5185. Crude prices are expected range bound from 5170 to 5040 for the day. 


Economic Data: 

NCDEX Tips:

PEPPER (MAY): Intraday trend for Pepper is expected sideways. 35300 is a good support and 35950 is good resistance for pepper.

JEERA (MAY): Intraday trend for Jeera is expected sideways. 13800 is a good support level and 14150 is a good resistance.

RMSEED (MAY): Rmseed trend is expected slightly positive. 3600 is a good support and 3660 is intraday resistance.

CHANNA (MAY): Intraday trend for Channa is expected slightly positive. Support is at 3590 and resistance is around 3650.

SOYREFINED (MAY): Trend for Soya Refined is expected positive. Intraday support is at 715 and resistance for the day is 725.

CASTORSEED (MAY): Intraday trend for Castor seed is expected sideways. 3670 is a good support and 3750 is intraday resistance.

DHANIYA (MAY): Intraday trend for Dhaniya is expected positive. Support is at 7500 and resistance is around 7750.

SOYBEAN (MAY): Trend for Soybean is expected positive. Intraday support is at 4000 and resistance for the day is 4150. 

Tips on Nifty & Stocks to Watch!
Economy News

Nifty: According to daily chart of Nifty Futures, it has broken the important support level of 5550 and if sustains below that level then further fall can be seen. Support for Nifty is at 5460 and 5400. And resistance for Nifty is at 5550 and 5600.

Bank Nifty: According to daily chart of Bank Nifty Futures, it has broken the important support and psychological level of 11000 and if sustains below that level then further fall can be seen. Support for Bank Nifty is at 10870 and 10750. And resistance for Bank Nifty is at 11090 and 11250. 

Nifty Futures expecting positive opening.

STOCKS TO WATCH:

ONGC
Reliance Industries


NEWS:

Hindujas, Gulf partner in bidding war on lube firm

London-based Hinduja Group and its Saudi joint venture partner, Dabbagh Group, are engaged in a bidding war over their Saudi joint venture company, Petromin Corporation. A highly-placed source in the Hinduja Group said it had offered to buy out Dabbagh’s 51 per cent stake in Petromin Corp. On the other side, the Dabbagh Group has offered to buy out the Hindujas’ 49 per cent stake in Petromin Corp for Rs  1,870 crore. The announcement on the winner will be made in the next few weeks and the valuation of the company has been pegged at around Rs 3,800 crore ($700 million). The Hindujas had planned to exit the company after differences between the two partners arose over how to run the business.

NTPC says miner misled media on coal quality test

NTPC sought to trash Coal India Limited (CIL)’s claims that joint sample testing had refuted the power generator’s claims of getting poor quality coal.The government has now set up five teams of specialists to dig out the truth, in an effort to resolve the logjam that had led to NTPC blocking a Rs 1,000-crore payment to CIL. The coal miner had a joint sample testing done showed that, unlike NTPC’s claims, the gross calorific value (GCV) received at NTPC’s plants was higher than the GCV during loading at Eastern Coalfields (ECL) mines. NTPC has trashed this view on three counts: The sample testing was carried out only to align the testing equipment of both the parties and not to test the coal quality; the sample was collected unilaterally by ECL; and the tested sample was not the one that was to be tested.

MCX & NCDEX Tips
Gold, Silver, Copper, Nickel & Crude

Gold is in sideways trend. Gold support is at 29470 and 29250; Resistance is at 29600 and 29715. Gold prices are expected to witness a range bound move from 29400 to 29700. One can trade within the range.


Silver is in sideways trend.  Silver support is at 51100 and 50650. Resistance is at 51850 and 52150. Silver prices are expected to witness a bounce till 51800-52100.

Copper is in sideways trend.  Copper support is at 407 & 404. Resistance is at 410.5 & 413. Copper prices are expected to witness range bound move from 413 to 405.

Nickel is in sideways trend. Nickel support is at 874 & 865. Resistance is at 897 & 906. Nickel prices are expected to witness a range bound move from 870 to 890.

Crude is in sideways trend. Crude support is at 5080 & 5040. Resistance is at 5145 & 5180. Crude prices are expected range bound from 5170 to 5040 for the day. 


Economic Data: 

NCDEX Tips:

PEPPER (MAY): Intraday trend for Pepper is expected sideways. 35300 is a good support and 35850 is good resistance for pepper.

JEERA (MAY): Intraday trend for Jeera is expected positive. 13750 is a good support level and 13980 is a good resistance.

RMSEED (MAY): Rmseed trend is expected slightly positive. 3600 is a good support and 3660 is intraday resistance.

CHANNA (MAY): Intraday trend for Channa is expected sideways. Support is 3590 and resistance is around 3650.

SOYREFINED (MAY): Trend for Soya Refined is expected positive. Intraday support is at 705 and resistance for the day is 715.

CASTORSEED (MAY): Intraday trend for Castor seed is expected sideways. 3590 is a good support and 3640 is intraday resistance.

DHANIYA (MAY): Intraday trend for Dhaniya is expected positive. Support is at 7500 and resistance is around 7750.

SOYBEAN (MAY): Trend for Soybean is expected positive. Intraday support is at 3930 and resistance for the day is 4050. 

Tips on Nifty & Stocks to Watch!
Economy News 

Nifty: According to daily chart of Nifty Future, it is trading in the 5th wave of the fall from 5774 levels where support lies at 5540 levels from where it could bounce. Support for Nifty is at 5540 and 5500. And resistance for Nifty is at 5600 and 5650.

Bank Nifty: According to daily chart of Bank Nifty Future, it is trading in the 5th wave of the fall from 11640 levels where support lies at 11000 levels from where it could bounce. Support for Bank Nifty is at 11050 and 10950. And resistance for Bank Nifty is at 11240 and 11400. 

Nifty Future expecting negative opening


STOCKS TO WATCH:

Maharashtra Seamless
Coal India

NEWS:

TVS Motor, BMW tie up to tap technology, market access

TVS Motor and BMW AG's motorcycle division announced a deal to jointly develop bikes that would give the Indian automaker access to BMW technology as it looks to stem its falling market share. The long-awaited deal should help TVS revamp a dated product pipeline at the company, which has struggled to compete with a recent ramp-up in activity from Honda Motor and Yamaha Motor and could also help BMW gain a foothold in the world's second-largest bike market.TVS Motor and BMW will develop a series of motorcycles for the 250-500 cc segment. This would mark the entry of India’s fourth-largest two-wheeler company into the above-250-cc two-wheeler space.

Aditya Birla Nuvo to sell unit for Rs 1.4k cr

Aditya Birla Nuvo has decided to sell its carbon black business to a group company, SKI Carbon Black (India), for Rs 1,451 crore, as part of its plan to exit the business in the near future. An option being considered is to bring all carbon black business, including Columbia Chemicals’, under one umbrella and selling shares through an initial public offering. Earlier, the group had bought the carbon black business of Columbia Chemicals for $800 million.

MCX & NCDEX Tips
Gold, Silver, Copper, Nickel & Crude 

Gold is in sideways trend. Gold support is at 29600 and 29480; Resistance is at 29850 and 29930. Gold prices are expected to bounce till 29850-29900 whereby we expect profit booking. One can expect an intraday move from 29600-29900.

Silver is in sideways trend. Silver support is at 51300 and 50900. Resistance is at 51850 and 52250. Silver prices are expected to witness a bounce till 51900-52100.

Copper is in sideways trend. Copper support is at 405 & 402. Resistance is at 409 & 412. Copper prices are expected to witness range bound move from 411 to 403

Nickel is in sideways trend. Nickel support is at 870 & 862. Resistance is at 897 & 906. Nickel prices are expected to witness a range bound
move from 870 to 890.

Crude is in sideways trend. Crude support is at 5080 & 5040. Resistance is at 5145 & 5180. Crude prices are expected range bound from 5170 to 5040 for the day. 


NCDEX Tips:

PEPPER (MAY): Intraday trend for Pepper is expected slightly negative. 35400 is a good support and 36150 is good resistance for pepper.

JEERA (MAY): Intraday trend for Jeera is expected positive. 13600 is a good support level and 13900 is a good resistance.

RMSEED (MAY): Rmseed trend is expected positive. 3600 is a good support and 3660 is intraday resistance.

CHANNA (MAY): Intraday trend for Channa is expected positive. Support is at 3580 and resistance is around 3640.

SOYREFINED (MAY): Trend for Soya Refined is expected positive. Intraday support is at 700 and resistance for the day is 708.

CASTORSEED (MAY): Intraday trend for Castor seed is expected sideways. 3560 is a good support and 3620 is intraday resistance.

DHANIYA (MAY): Intraday trend for Dhaniya is expected positive. Support is at 7300 and resistance is around 7500.

SOYBEAN (MAY): Trend for Soybean is expected positive. Intraday support is at 3900 and resistance for the day is 4000. 

Tips on Nifty & Stocks to Watch!
Economy News 

Nifty: According to daily chart of Nifty Future, it is trading in the 5th wave of the fall from 5774 levels where support lies at 5540 levels from where it could bounce. Support for Nifty is at 5540 and 5500. And resistance for Nifty is at 5600 and 5650.

Bank Nifty: According to daily chart of Bank Nifty Future, it is trading in the 5th wave of the fall from 5774 levels where support lies at 11000 levels from where it could bounce. Support for Bank Nifty is at 11050 and 10950. And resistance for Bank Nifty is at 11240 and 11400. 

Nifty Futures expecting negative opening.

STOCKS TO WATCH:

Power Grid
Bilcare

 
NEWS:

Corporate scorecard may be full of red marks

If leading equity research houses' fourth-quarter results preview is any indication, corporate India might like to forget 2012-13 in a hurry. Analysts expect Sensex 30 companies' sales growth in the January-March quarter to fall to 5.6 per cent-the lowest in 14 quarters. In the third quarter, the sales of the same set of firms had grown by 9.7 per cent year-on-year (YoY). Slowing revenues are expected to curb earnings growth, too. Barring technology, consumer, pharmaceutical, utilities and financials, most sectors might see a sharp YoY contraction in earnings. Sectors like automobiles, cement, metals, industrials and oil & gas are expected to see a sharp drop in demand in the quarter. As a result, sales growth of these sectors could be below five per cent.

Infy, Wipro SEZ googly stumps West Bengal govt.

The Trinamool Congress government in West Bengal may fail to attract information technology majors Infosys and Wipro (for its second campus in the state). And, the fact that the Union finance ministry is considering more incentives for special economic zones (SEZ) is adding to its woes. The finance ministry has been indicating it might relax SEZ norms to cut the country’s current account deficit (CAD). Though Infosys had paid Rs. 75 crore for a 50-acre plot in Rajarhat, it is yet to start work there, as it hasn’t secured the government’s nod for an SEZ. Chief Minister and Trinamool Congress Chief Mamata Banerjee have ruled this out.

MCX & NCDEX Tips
Gold, Silver, Nickel, Copper & Crude

Gold is in sideways trend. Gold support is at 29180 and 29070; Resistance is at 29450 and 29570. Gold prices are expected to bounce till 29550-29600 whereby we expect profit booking.


Silver is in sideways trend.  Silver support is at 50400 and 49800. Resistance is at 51280 and 51750. Silver prices are expected to witness a bounce till 51800 as its holding support at 50600.

Copper is in sideways trend.  Copper support is at 405 & 402. Resistance is at 411 & 413. Copper prices are expected to witness range bound move from 413 to 405. 

Nickel is in sideways trend. Nickel support is at 885 & 876. Resistance is at 895 & 905. Nickel prices are expected to witness a bounce till 900-905 whereby we expect selling pressure to continue.

Crude is in sideways trend. Crude support is at 5080 & 5040. Resistance is at 5145 & 5180. Crude prices are expected range bound from 5170 to 5040 for the day. 


Economic Data: 

NCDEX Tips:

PEPPER (MAY): Intraday trend for Pepper is expected sideways. 35300 is a good support and 36150 is good resistance for pepper.

JEERA (MAY): Intraday trend for Jeera is expected positive.  13450 is a good support level and 13900 is a good resistance.

RMSEED (MAY): Rmseed trend is expected slightly positive. 3530 is a good support and 3590 is intraday resistance.

CHANNA (MAY): Intraday trend for Channa is expected sideways. Support is at 3430 and resistance is around 3500.

SOYREFINED (MAY): Trend for Soya Refined is expected sideways. Intraday support is at 690 and resistance for the day is 702.

CASTORSEED (MAY): Intraday trend for Castor seed is expected slightly negative. 3600 is a good support and 3670 is intraday resistance.

DHANIYA (MAY): Intraday trend for Dhaniya is expected slightly negative. Support is at 7300 and resistance is around 7450.

SOYBEAN (MAY): Trend for Soybean is expected slightly negative. Intraday support is at 3800 and resistance for the day is 3950.

Tips on Nifty & Stocks to Watch!
Economoy News 


Nifty: According to daily chart of Nifty Future, it has exhibited a falling wedge formation where support lies at 5550 if broken then further fall in Nifty can be seen till 5465 levels. Support for Nifty is at 5550 and 5500. And resistance for Nifty is at 5600 and 5650.

Bank Nifty: According to daily chart of Bank Nifty Future, it has exhibited a falling wedge formation where support lies at 5550 if broken then further fall in Nifty can be seen till 5465 levels. Support for Bank Nifty is at 11050 and 10950. And resistance for Bank Nifty is at 11200 and 11400.

Nifty Futures expecting negative opening.


STOCKS TO WATCH: 

Axis Bank 
ITC


NEWS:

India emerging as an export hub for SUVs

Soon, Sports Utility Vehicles (SUVs) made in India would burn rubber in developed markets such as Europe, Japan, Latin America and Australia. Global automobile majors are looking to leverage India’s cost-competitive manufacturing practices and turn the country into an export hub for utility vehicles. Domestic automobile major Mahindra & Mahindra (M&M) and French car maker Renault started exporting the XUV500 and the Duster, respectively, to Europe in December 2012. Now, Fiat and Ford India are assessing opportunities to export SUVs to Europe, South Africa and Southeast Asia.

Essar Oil exits CDR for Gujarat refinery, enters new loan pact

Essar Oil, the country’s second-largest private sector refiner, has completed the process of exiting the corporate debt restructuring (CDR) loan facility set up in December 2004 to help construct its Vadinar refinery in Gujarat. The refinery, which commenced commercial production in May 2008 with a capacity of 10.5 million tonnes per year (mtpa) and complexity of 6.1, now has a capacity of 20 mtpa and complexity of 11.8. The CDR facility has been replaced with a new debt facility of about Rs 9,100 crore on commercial terms from a group of lenders. A consortium of 14 entities, including ICICI Bank, Punjab National Bank, IFCI and IDBI Bank, has lent money to the company. 

MCX & NCDEX Tips
Gold, Silver, Copper, Nickel & Crude 


Gold is in slightly bearish trend. Gold support is at 29050 and 28880; Resistance is at 29270 and 29400. Gold prices are expected to further ahead down till 29000. Sell on rise should be the strategy.

Silver is in slightly bearish trend. Silver support is at 50400 and 49800. Resistance is at 51700 and 52100. Silver prices are expected to trade weak till 50000, one can sell on rise.

Copper is in sideways trend.  Copper support is at 400 & 396. Resistance is at 405 & 408. Copper prices are expected to test lower till 400-398, one could sell on rise.

Nickel is in sideways trend. Nickel support is at 875 & 863. Resistance is at 882 & 891. Nickel prices are expected to witness a sideways to down move. One can sell on rise around 885-890 with a stop loss above 900.

Crude is in sideways trend. Crude support is at 5170 & 5130. Resistance is at 5200 & 5240. Crude prices are expected to test 5100 on down side one can sell around 5200.


Economic Data:

NCDEX Tips: 

PEPPER (APR): Intraday trend for Pepper is expected sideways. 35300 is a good support and 36250 is good resistance for pepper.

JEERA (APR): Intraday trend for Jeera is expected sideways. 12900 is a good support level and 13100 is a good resistance.

RMSEED (APR): Rmseed trend is expected slightly positive. 3430 is a good support and 3490 is intraday resistance.

CHANNA (APR): Intraday trend for Channa is expected slightly positive. Support is at 3410 and resistance is around 3460.

SOYREFINED (APR): Trend for Soya Refined is expected positive. Intraday support is at 702 and resistance for the day is 712.

CASTORSEED (APR): Intraday trend for Castor seed is expected slightly negative. 3500 is a good support and 3570 is intraday resistance.

DHANIYA (APR): Intraday trend for Dhaniya is expected slightly positive. Support is at 6900 and resistance is around 7150.

SOYBEAN (APR): Trend for Soybean is expected positive. Intraday support is 3760 and resistance for the day is 3850. 

Tips on Nifty & Stocks to Watch!
Economy News 

Nifty: According to daily chart of Nifty Future, it has retraced around 58% of previous 4 days up move but strong support still lies at 5600 levels from where buying may again come. Support for Nifty is at 5650 and 5600. And resistance for Nifty is at 5750 and 5800.

Bank Nifty: According to daily chart of Bank Nifty Future, it has retraced around 45% of previous 4 days up move but strong support still lies at 11000 levels from where buying may again come. Support for Bank Nifty is at 11200 and 11000. And resistance for Bank Nifty is at 11540 and 11600. 

Nifty Futures expecting negative opening today.


STOCKS TO WATCH:

Sterlite Industries
Tata Motors

NEWS:

Adani Power gets CERC breather on Mundra tariff

In a landmark order, the Central Electricity Regulatory Commission (CERC), the country’s power sector regulator, has allowed a “compensatory tariff” for Adani Power’s imported-coal-based power project in Mundra, Gujarat. The Gautam Adani-led company had sought a revision in tariff, citing increased capital cost, since a recent change in regulation governing coal imports from Indonesia had made the fuel dearer. The regulator also ordered setting up of a committee to work out the exact quantum of “compensation” over the current tariff for the 4,620-Mw project.

AirAsia should have applied for license first

Even though the Foreign Investment Promotion Board (FIPB) finally cleared the proposal of Tata-Air Asia joint venture recently, the civil aviation ministry had raised some procedural issues in the FIPB meeting that took place on March 6. While the ministry supported the proposal ‘in principle’, civil aviation secretary K N Srivastava pointed out that the applicant should have first set up the company, obtained the license from the ministry and then only divested to the foreign collaborator. A clarification from the Department of Industrial Policy and Promotion (DIPP) was also sought on foreign direct investment (FDI) norms. 

MCX & NCDEX Tips
Gold, Silver, Copper, Nickel & Crude 

Gold is in slightly bearish trend. Gold support is at 29400 and 29270; Resistance is at 29670 and 29800.   One should sell the precious metal for the down side target at 29200-29000.

Silver is in slightly bearish trend.  Silver support is at 50650 and 50000. Resistance is at 51700 and 52100. Silver prices are expected to trade weak till 50000, one can sell on rise.

Copper is in sideways trend.  Copper support is at 405 & 402. Resistance is at 410 & 413. Copper prices range expected for intraday is 411-402.

Nickel is in sideways trend. Nickel support is at 882 & 870. Resistance is at 903 & 915. One can sell on rise around 903 with a stop loss above 915.

Crude is in sideways trend. Crude support is at 5240 & 5200. Resistance is at 5315 & 5350. Crude prices are expected to witness a range bound move from 5350 to 5240. 


Economic Data:

NCDEX Tips:

PEPPER (APR): Intraday trend for Pepper is expected sideways. 35300 is a good support and 36250 is good resistance for pepper.

JEERA (APR): Intraday trend for Jeera is expected slightly positive. 12900 is a good support level and 13100 is a good resistance.

RMSEED (APR):  Rmseed trend is expected slightly positive. 3430 is a good support and 3490 is intraday resistance.

CHANNA (APR): Intraday trend for Channa is expected slightly positive. Support is at 3420 and resistance is around 3480.

SOYREFINED (APR): Trend for Soya Refined is expected slightly positive. Intraday support is at 695 and resistance for the day is 702.

CASTORSEED (APR): Intraday trend for Castor seed is expected sideways. 3530 is a good support and 3600 is intraday resistance.

DHANIYA (APR): Intraday trend for Dhaniya is expected positive. Support is 6900 and resistance is around 7150.

SOYBEAN (APR): Trend for Soybean is expected positive. Intraday support is 3700 and resistance for the day is 3765. 

Tips on Nifty & Stocks to Watch!
Economy News 

Nifty: According to daily chart of Nifty Future, it has exhibited a trend line where resistance lies at 5770 if broken then a move till 5860 can be seen. Support for Nifty is at 5650 and 5600. And resistance for Nifty is at 5750 and 5800.

Bank Nifty: According to daily chart of Bank Nifty Future, it has exhibited a trend line where resistance lies at 11540 if broken then a move till 11800 in Bank Nifty can be seen. Support for Bank Nifty is at 11400 and 11200. And resistance for Bank Nifty is at 11540 and 11600. 

Nifty Futures Expecting Negative Opening]

STOCKS TO WATCH:

Merck
Cipla

NEWS:

Ambanis sign first deal since split

It’s the first business deal between the Ambani brothers since their split in 2005. Mukesh Ambani’s Reliance Jio, which will offer 4G services, today signed an agreement with Reliance Communications (RCom), controlled by his younger brother Anil Ambani, to use the latter’s fiber-optic network for a one-time payment of Rs 1,200 crore. The deal is non-exclusive. This implies, RCom is free to offer fiber optics to other firms, too, while Reliance Jio can avail of other firms’ infra.

HC refuses relief to Mallya, banks free to sell shares

The Bombay High Court on Tuesday refused to stop lenders to Kingfisher Airlines from selling the pledged shares for recovering their dues. Vijay Mallya-promoted UBI Holdings had pledged its stake in United Spirits Ltd (USL) and Mangalore Chemicals with the lenders as security against loans to the airline. Meanwhile, lenders have slapped a loan-recall notice on the airline, which will be followed by steps to sale assets. The lenders, led by the State Bank of India, sold 730,000 USL shares over the past two weeks. The average sell price of USL shares for transactions on April 2 was Rs 1,856 a share.

MCX & NCDEX Tips
Gold, Silver, Copper, Nickel & Crude


Gold is in sideways trend. Gold support is at 29950 and 29850; Resistance is at 30100 and 30180. Gold prices are expected to trade within the range from 29850 to 30180.

Silver is in sideways trend.  Silver support is at 52500 and 52200. Resistance is at 53100 and 53500. Silver prices are expected to trade weak one can sell on rise.

Copper is in sideways trend.  Copper support is at 404 & 402. Resistance is at 410 & 413. Copper prices are expected to trade weak one can sell on rise. 

Nickel is in sideways trend. Nickel support is at 904 & 898. Resistance is at 920 & 927. Nickel prices are expected to witness a range bound move from 920 to 898.

Crude is in sideways trend. Crude support is at 5250 & 5200. Resistance is at 5320 & 5370. Crude prices are expected to trade weak one can sell on rise. 


Economic Data: 

NCDEX Tips:


PEPPER (APR): Intraday trend for Pepper is expected slightly negative. 35300 is a good support and 36250 is good resistance for pepper.

JEERA (APR): Intraday trend for Jeera is expected slightly positive. 12900 is a good support level and 13100 is a good resistance.

RMSEED (APR): Rmseed trend is expected sideways. 3410 is a good support and 3470 is intraday resistance.

CHANNA (APR): Intraday trend for Channa is expected slightly positive. Support is at 3360 and resistance is around 3420.

SOYREFINED (APR): Trend for Soya Refined is expected positive. Intraday support is at 688 and resistance for the day is 697.

CASTORSEED (APR): Intraday trend for Castor seed is expected slightly positive. 3510 is a good support and 3570 is intraday resistance.

DHANIYA (APR): Intraday trend for Dhaniya is expected positive. Support is at 6900 and resistance is around 7150.

SOYBEAN (APR): Trend for Soybean is expected positive. Intraday support is 3640 and resistance for the day is 3700.

Tips on Nifty & Stocks to Watch!
Economy News 

Nifty: According to daily chart of Nifty Future, it has exhibited a trend line where resistance lies at 5770 if broken then a move till 5860 can be seen. Support for Nifty is at 5650 and 5600. And resistance for Nifty is at 5750 and 5800.

Bank Nifty: According to daily chart of Bank Nifty Future, it has exhibited a trend line where resistance lies at 11540 if broken then a move till 11800 in Bank Nifty can be seen. Support for Bank Nifty is at 11400 and 11200. And resistance for Bank Nifty is at 11540 and 11600. 


Nifty Futures Expecting Negative Opening


STOCKS TO WATCH:

GAIL
IVRCL 

NEWS:

Novartis loses patent battle in SC

The Supreme Court on Monday dismissed Novartis AG’s appeal for patent protection of its anti-cancer drug, Glivec, putting an end to a seven-year battle between the Swiss drug maker, several domestic generic manufacturers, as well as patient groups fighting for affordable medicines. While the verdict might make multinationals like Novartis more wary of the Indian market, it could boost prospects of domestic companies, such as Natco, Cipla and Ranbaxy, manufacturing generic versions of the medicine.

L&T bags Rs 5,689-order but turnround eludes

Engineering and construction company Larsen and Toubro Ltd (L&T) has secured a Rs 5,689-crore order, its first major contract in two years, from state-run Rajasthan Rajya Vidyut Utpadan Nigam Ltd for setting up a super-critical thermal power project in the state. The order involves design, engineering, manufacture, supply, erection and commissioning of two coal-fired thermal units of 660 Megawatt (Mw) each with supercritical parameters at Chhabra in Rajasthan. L&T entered into a joint venture (JV) with Japanese firm Mitsubishi Heavy Industries Ltd. in 2007 to manufacture environment-friendly super-critical equipment, under the name L&T-MHI Turbine Generators (LMTG). The JV was bullish about business prospects at that time as private power producers were expanding operations, but it lost several orders to Chinese competition.

MCX & NCDEX Tips
Gold, Silver, Copper, Nickel & Crude

Gold is in sideways trend. Gold support is at 29850 and 29730; Resistance is at 30120 and 30230. Gold prices are expected to trade within the range from 29850 to 30200 one can initiate a buy with a stop loss below 29800.

Silver is in sideways trend.  Silver support is at 53000 and 52450. Resistance is at 53850 and 54150. Silver prices are expected to trade weak one can sell on rise.

Copper is in sideways trend.  Copper support is at 406 & 403. Resistance is at 412 & 414. Copper prices are expected to trade weak one can sell on rise. 

Nickel is in sideways trend. Nickel support is at 902 & 895. Resistance is at 922 & 928. Nickel prices are expected to witness a range bound move from 920 to 900.

Crude is in sideways trend. Crude support is at 5300 & 5250. Resistance is at 5410 & 5445. Crude prices are expected to trade weak one can sell on rise. 

Economic Data:

NCXDEX Tips:

PEPPER (APR): Intraday trend for Pepper is expected sideways. 35500 is a good support and 36250 is good resistance for pepper.

 
JEERA (APR): Intraday trend for Jeera is expected sideways. 12900 is a good support level and 13100 is a good resistance.

RMSEED (APR): Rmseed trend is expected slightly negative below 3430. 3430 is a good support and 3470 is intraday resistance.

 
CHANNA (APR): Intraday trend for Channa is expected sideways. Support is at 3330 and resistance is around 3370.

 
SOYREFINED (APR): Trend for Soya Refined is expected sideways. Intraday support is at 682 and resistance for the day is 690.

 
CASTORSEED (APR): Intraday trend for Castor seed is expected sideways. 3510 is a good support and 3570 is intraday resistance.

 
DHANIYA (APR): Intraday trend for Dhaniya is expected sideways. Support is at 6700 and resistance is around 6800.

 
SOYBEAN (APR): Trend for Soybean is expected sideways. Intraday support is 3610 and resistance for the day is 3680. 

Tips on Nifty & Stocks to Watch!
Economy News

Nifty: According to daily chart of Nifty Future, it has exhibited a trend line which has taken support at 5650 if broken then fall till 5600 can be seen. Support for Nifty is at 5600 and 5550. And resistance for Nifty is at 5750 and 5800.

Bank Nifty: According to daily chart of Bank Nifty Future, it has exhibited a trend line where support lies at 11050 if broken then further fall in Bank Nifty can be seen till 10800. Support for Bank Nifty is at 11200 and 11000. And resistance for Bank Nifty is at 11400 and 11540.

Nifty Futures Expecting Flat Opening


STOCKS TO WATCH: 

NTPC
Ranbaxy


NEWS:

OVL-OIL offers $5 bn for 20% in Africa gas field

After buying ConocoPhillips’ 8.4 per cent stake in a Kazakhstan oil field for $5 billion last year, ONGC Videsh Ltd (OVL) and its partner Oil India Ltd (OIL) have closed in on another energy asset in Africa. The consortium has offered up to $5 billion to buy the combined 20 per cent stake of Videocon and the US-based Anadarko Petroleum in a Mozambique gas field. The bidding for the stake offered by Anadarko and Videocon (10 per cent each) closed on Sunday. An announcement was expected to be made in the first week of April.

Mahindra Group sees 500-Mw opportunity in solar power

The Mahindra group, which forayed into the solar power sector three years ago, said it could add another 500 megawatts (Mw) over the next 24-36 months. This opportunity, however, was not restricted to the projects it had won under the tariff-based bidding as part of the National Solar Mission, the company added. The group has two projects, of 5 Mw and 33 Mw, under the National Solar Mission. The off-grid solar business will include solar products such as solar irrigation pumps, solar lights, solar water purifiers, and lanterns.

MCX & NCDEX Tips
Gold, Silver, Copper, Nickel & Crude

Gold is in sideways trend. Gold support is at 29550 and 29400; Resistance is at 29630 and 29840. Gold Prices are expected to trade within the range from 29850 to 29400, one can trade within the range.

Silver is in sideways trend. Silver support is at 53650 and 53200. Resistance is at 54150 and 54400. Silver prices are expected to trade within a range from 53500 to 54300.

Copper is in sideways trend. Copper support is at 415 & 412. Resistance is at 418 & 421. Copper prices are expected to trade range bound from 420 to 412.

Nickel is in sideways trend. Nickel support is at 907 & 900. Resistance is at 920 & 927. Nickel prices are expected to witness a sideways move from 910 to 930.

Crude is in sideways trend. Crude support is at 5230 & 5200. Resistance is at 5285 & 5310. Crude prices are expected trade within the range from 5300 to 5230. 


NCDEX Tips:

PEPPER (APR): Intraday trend for Pepper is expected sideways. 35190 is a good support and 35720 is good resistance for pepper.

JEERA (APR): Intraday trend for Jeera is expected sideways. 12930 is a good support level and 13150 is a good resistance.

RMSEED (APR): Rmseed trend is expected sideways. 3422 is a good support and 3452 is intraday resistance.

CHANNA (APR): Intraday trend for Channa is expected sideways. Support is at 3335 and resistance is around 3375.

SOYREFINED (APR): Trend for Soya Refined is expected slightly positive. Intraday support is at 682 and resistance for the day is 692.

CASTORSEED (APR): Intraday trend for Castor seed is expected slightly negative. 3475 is a good support and 3545 is intraday resistance.

DHANIYA (APR): Intraday trend for Dhaniya is expected slightly positive. Support is at 6650 and resistance is around 6700.

SOYBEAN (APR): Trend for Soybean is expected slightly positive. Intraday support is at 3710 and resistance for the day is 3775. 

Tips on Nifty & Stocks to Watch!
Economoy News 

Nifty: According to daily chart of Nifty Future, prices have exhibited a trend line which has taken support at 5610 level below which it is expected to taste 5550 level. Support for Nifty is at 5610 and 5550. And resistance for Nifty is at 5670 and 5720.

Bank Nifty: According to daily chart of Bank Nifty Future, prices have exhibited a trend line which has taken support at 11050 level. Support for Bank Nifty is at 11050 and 10900. And resistance for Bank Nifty is at 11265 and 11405. 

Nifty Futures Expecting Negative Opening.

STOCKS TO WATCH:

IRB Infra
Educomp

NEWS:

Govt releases 0.6 MT less sugar for Apr-Sept

The government has decided to release 10.4 million tonnes of sugar for sale in the open market in the next six months starting from April 1, 2013 by mills across the country. This is 0.6 million tonnes less than the 11 million tonnes of sugar released by the government for sale in open market in the preceding six months that started in October 2012. According to an official statement, the non-levy (free-sale) sugar would be apportioned and released only among those sugar mills which have submitted online production returns at the time of release. The statement also said that any unsold free-sale quota for the month of October to March would not be available for sale in the first half of the next financial year.

RBI to conduct additional liquidity operations

In view of the anticipated large volume of banking transactions during the annual closing of accounts for the current fiscal, the Reserve Bank of India (RBI) in order to facilitate smooth and non-disruptive conduct of banking operations, has decided to conduct additional liquidity operations. On Thursday there will be an additional Liquidity Adjustment Facility (LAF) repo between 4:45pm to 5.15pm. Besides that on Saturday and Sunday RBI will conduct a LAF repo, reverse repo and Marginal Standing Facility between 5:30-6:00PM. 

MCX & NCDEX Tips
Gold, Silver, Copper, Nickel & Crude

Gold is in sideways trend. Gold support is at 29550 and 29280; Resistance is at 29630 and 29840. Gold prices are expected to trade within the range from 29850 to 29400, one can trade within the range.

Silver is in sideways trend. Silver support is at 53800 and 53450. Resistance is at 54450 and 54850. Silver prices are expected to trade within a range from 53800 to 54600.

Copper is in sideways trend. Copper support is at 415 & 412. Resistance is at 418 & 421. Copper prices are expected to trade range bound from 420 to 412.

Nickel is in sideways trend. Nickel support is at 912 & 903. Resistance is at 924 & 930. Nickel prices are expected to witness a sideways move from 910 to 930

Crude is in sideways trend. Crude support is at 5140 & 5110. Resistance is at 5175 & 5220. Crude prices are expected to trade range bound from 5190 to 5110.


NCDEX Tips:

PEPPER (APR): Intraday trend for Pepper is expected sideways. 35610 is a good support and 36050 is good resistance for pepper.

JEERA (APR): Intraday trend for Jeera is expected slightly negative. 12900 is a good support level and 13060 is a good resistance.

RMSEED (APR): Rmseed trend is expected sideways. 3455 is a good support and 3489 is intraday resistance.

CHANNA (APR): Intraday trend for Channa is expected slightly negative. Support is at 3320 and resistance is around 3360.

SOYREFINED (APR): Trend for Soya Refined is expected slightly positive. Intraday support is at 682 and resistance for the day is 689.

CASTORSEED (APR): Intraday trend for Castor seed is expected slightly negative. 3455 is a good support and 3550 is intraday resistance.

DHANIYA (APR): Intraday trend for Dhaniya is expected sideways. Support is at 6702 and resistance is around 6837.

SOYBEAN (APR): Trend for Soybean is expected slightly positive. Intraday support is at 3620 and resistance for the day is 3675. 

Tips on Nifty & Stocks to Watch!
Economy News

Nifty: According to daily chart of Nifty Future, broke 200 DMA level in last session after 8 months but has given closing right above that level. If prices below this level then further negative trend can be observed in following sessions. Support for Nifty at 5610 and 5550. And resistance for Nifty is at 5670 and 5720.

Bank Nifty: According to daily chart of Bank Nifty Future has given closing below its 200 DMA at 11413 level for the last 4 trading sessions and prices are seems to be not sustaining near this level which indicates further negativity in trend. Support for Bank Nifty is at 11050 and 10900. And resistance for Bank Nifty is at 11265 and 11405.

Nifty Futures Expecting Negative Opening


STOCKS TO WATCH: 

Bharti Airtel
TCS

NEWS:

Loans to PPP infra projects to be treated as secure loans: RBI

Gujarat, Madhya Pradesh, Bihar and Karnataka, the states that are pulling out all stops to increase infrastructure investment especially in the roads, ports and some categories of the power sector, are likely to be the most immediate political beneficiaries of a purely economic move by the Reserve Bank of India (RBI). Last week the RBI announced that subject to certain conditions, loans to Public Private Partnership (PPP) projects in the infrastructure sector would be treated as secured loans. This means that the cost of financing these projects will come down, and going forward, bids would become lower, leading to more investment and more competition.

Inter-ministerial panel to submit ore linkage report by Apr 30


The inter-ministerial committee mandated to submit its report on long-term ore linkage for state based industries latest by April 30 expects the government policy on ore reservation to ensure supply of raw material at fair prices. The ministerial committee had an interactions with the representatives of steel companies like Jindal Steel & Power Ltd (JSPL), Visa Steel and Bhushan Steel. The state steel & mines department through a resolution dated December 5 last year made it mandatory for mine lessees without end-use plants, to sell at least 50% of their extracted iron ore to state based consuming industries. 

MCX & NCDEX Tips
Gold, Silver, Copper, Nickel & Crude

Gold is in sideways trend. Gold support is at 29550 and 29480; Resistance is at 29700 and 29770. Gold prices are expected to trade sideways from 29700 to 29480.

Silver is in sideways trend.  Silver support is at 53750 and 53350. Resistance is at 54600 and 55100. Silver prices are likely to trade within the range from 54600 to 53750.

Copper is in sideways trend.  Copper support is at 416 & 413. Resistance is at 421 & 423. Copper prices are expected to trade within the range from 413 to 421.

Nickel is in sideways trend. Nickel support is at 924 & 917. Resistance is at 937 & 945. Nickel prices are expected to witness a range bound move from 937 to 917.

Crude is in sideways trend. Crude support is at 5090 & 5055. Resistance is at 5150 & 5177. Crude prices are expected to test 5170-5200 on higher ends, buy if sustained above 5100. 

NCDEX Tips: 


PEPPER (APR): Intraday trend for Pepper is expected slightly negative. 35000 is a good support and 36000 is good resistance for pepper.

JEERA (APR): Intraday trend for Jeera is expected slightly positive.  13000 is a good support level and 13300 is a good resistance.

RMSEED (APR): Rmseed trend is expected positive. 3440 is a good support and 3490 is intraday resistance.

CHANNA (APR): Intraday trend for Channa is expected sideways. Support is at 3400 and resistance is around 3450.

SOYREFINED (APR): Trend for Soya Refined is expected sideways. Intraday support is at 672 and resistance for the day is 680.

CASTORSEED (APR): Intraday trend for Castor seed is expected sideways. 3590 is a good support and 3660 is intraday resistance.

DHANIYA (APR): Intraday trend for Dhaniya is expected slightly negative. Support is at 6700 and resistance is around 6800.

SOYBEAN (APR): Trend for Soybean is expected sideways. Intraday support is at 3510 and resistance for the day is 3600.

Tips on Nifty & Stocks to Watch!
Economy News

Nifty: According to daily chart of Nifty Future, it has taken good support near 200 DMA that is at 5635 level. Prices made a low of 5641 in last trading session and gave closing near previous support of 5670. Support for Nifty at 5670 and 5610. And resistance for Nifty is at 5710 and 5775.

Bank Nifty: According to daily chart of Bank Nifty Future, it has exhibited a trendline where support lies at 11200 if broken then further fall in Bank Nifty can be seen till 11000. Support for Bank Nifty is at 11200 and 11000. And resistance for Bank Nifty is at 11365 and 11540. 

Nifty Futures Expecting Negative Opening

STOCKS TO WATCH:

Nestle India
Cairn India

NEWS:

CAG to restart RIL audit by next month: Oil Secretary

The CAG is likely to re-start audit of Reliance Industries' spending on the KG-D6 gas block early next month after issues over scope of the scrutiny are resolved to everyone's satisfaction. The Comptroller & Auditor General of India (CAG) last month suspended audit of spending on the flagging KG-D6 block following differences with RIL over scope and extent of the scrutiny. RIL had previously stated that CAG cannot contractually perform a performance audit on it and Production Sharing Contract (PSC) only provides for a government appointed auditor to verify reasonableness of all charges and credits. For doing that CAG wants the discretion for records to be requisitioned to be vested with the government or its auditor (CAG).

Council asks govt to incentivise telcos for equipment manufacturing

The National Security Council Secretariat has asked to the Government to incentivise domestic telecom equipment manufacturing in India to reduce dependency on imports, especially from Chinese Vendors. According to a recent discussion, the Council has recommended setting up of special economic zones for high-end telecom manufacturing that would both assure domestic market as well as promote exports to reap the benefits of economies scale and make India an technologically proficient and low-cost workforce to boost the growing domestic telecom market. His would only be possible through clear policy directions and framework, stated the Council. The Council has further said that the Government could consider whether expenditure on R&D could be made eligible for tax benefits and if expenditure would be made mandatory, keeping in mind companies like state-owned Bharat Sanchar Nigam Limited (BSNL) and Mahanagar Telephone Nigam Ltd (MTNL). The Council has also asked the Department of Telecommunications (DoT) to encourage chips and telecom equipment manufacturing through priority financing and early clearance for setting up of facilities by the home-grown companies.

MCX & NCDEX Tips
Gold, Silver, Copper, Nickel & Crude

Gold is in sideways trend. Gold support is at 29660 and 29550; Resistance is at 29850 and 29950. Gold prices are expected to trade sideways from 29950 to 29550, however 29950 seems to be a stiff resistance.

Silver is in sideways trend.  Silver support is at 54800 and 54350. Resistance is at 55100 and 55500. Silver prices are likely to trade within the range from 55500 to 54600.

Copper is in sideways trend.  Copper support is at 414 & 411.50. Resistance is at 417 & 420. Copper prices are expected to trade within the range from 412 to 420.

Nickel is in sideways trend. Nickel support is at 912 & 903. Resistance is at 922 & 932. Nickel prices are expected to witness a range bound move from 927 to 903.

Crude is in sideways trend. Crude support is at 5040 & 5010. Resistance is at 5075 & 5100. Crude prices are expected to trade within the range from 5100 to 5000.

NCDEX Tips:

PEPPER (APR): Intraday trend for Pepper is expected slightly negative. 35000 is a good support and 36000 is good resistance for pepper.

JEERA (APR): Intraday trend for Jeera is expected slightly positive.  13000 is a good support level and 13300 is a good resistance.

RMSEED (APR): Rmseed trend is expected positive. 3440 is a good support and 3490 is intraday resistance.

CHANNA (APR): Intraday trend for Channa is expected sideways. Support is at 3400 and resistance is around 3450.

SOYREFINED (APR): Trend for Soya Refined is expected sideways. Intraday support is at 672 and resistance for the day is 680.

CASTORSEED (APR): Intraday trend for Castor seed is expected sideways. 3590 is a good support and 3660 is intraday resistance.

DHANIYA (APR): Intraday trend for Dhaniya is expected slightly negative. Support is at 6700 and resistance is around 6800.

SOYBEAN (APR): Trend for Soybean is expected sideways. Intraday support is at 3510 and resistance for the day is 3600. 

Tips on Nifty & Stocks to Watch!
Economy News

Nifty: According to daily chart of Nifty Future, it is trading with weakness and selling is coming after every bounce so further down move is expected which can take it to 5600 levels where it might take support and bounce. Support for Nifty is at 5620 and 5600. And resistance for Nifty is at 5700 and 5750.

Bank Nifty: According to daily chart of Bank Nifty Future, it has exhibited a trend line where support lies at 11200 if broken then further fall in Bank Nifty can be seen till 11000. Support for Bank Nifty is at 11200 and 11000. And resistance for Bank Nifty is at 11400 and 11540.

Nifty Futures Expecting Negative Opening


STOCKS TO WATCH:

IOC (Indian Oil Corporation)
SKS Micro 

NEWS:

RBI moots ways to boost returns on India Inc's foreign investments

The Reserve Bank of India (RBI) has proposed a host of measures to boost the returns on Indian companies’ investments in their joint ventures (JVs) and wholly owned subsidiaries abroad. These include exemption of dividend payout from tax, besides credits for corporation tax paid by the arms of JVs in host countries. The proposals assume importance as these returns are part of the country’s current account balance, which has been a major source of worry for the government lately. At a meeting of the inter-ministerial committee on overseas investment recently, RBI mentioned that inflows from huge investments made abroad by Indian firms had been minuscule. It mooted the idea to exempt dividend received from the overseas JVs or wholly owned subsidiaries from tax.

OVL leads a decade of resource nationalism

As India awaits the bidding outcome for a Mozambique block, it also marks a decade of oil production from blocks abroad. It was exactly 10 years ago, in March 2003 that ONGC Videsh Ltd (OVL) produced its first crude oil from the Greater Nile Oil Project (GNOP) in Sudan. Just two months earlier, it had started gas production from Block 06.1 in Vietnam. In the intervening 10 years, the driving aim for state-owned OVL continues to be securing India's energy needs and at least match the Chinese pace of foreign acquisition, if not beat it. 

MCX & NCDEX Tips
Gold, Silver, Copper, Nickel & Crude 

Gold is in sideways trend. Gold support is at 29530 and 29400; Resistance is at 29730 and 29850. Gold prices are expected to trade sideways from 29850 to 29450, however 29950 seems to be a good resistance.

Silver is in sideways trend.  Silver support is at 54100 and 53800. Resistance is at 54850 and 55200. Silver prices are likely to trade weak, one can sell on rise.

Copper is in sideways trend.  Copper support is at 415 & 412. Resistance is at 421 & 424. Copper prices are expected to bounce till 420-421; one can long the metal on dip.

Nickel is in sideways trend. Nickel support is at 915 & 905. Resistance is at 924 & 936. Nickel prices are expected to trade on a range bound from 927 to 903.


Crude is in sideways trend. Crude support is at 5080 & 5050. Resistance is at 5110 & 5170.  Crude prices are expected to trade within the range from 5120 to 5050. 

Economic Data:

NCDEX Tips:

PEPPER (APR): Intraday trend for Pepper is expected slightly positive. 35000 is a good support and 36000 is good resistance for pepper.


JEERA (APR): Intraday trend for Jeera is expected sideways. 12930 is a good support level and 13200 is a good resistance.


RMSEED (APR): Rmseed trend is expected sideways. 3400 is a good support and 3440 is intraday resistance.

CHANNA (APR): Intraday trend for Channa is expected sideways. Support is at 3400 and resistance is around 3450.

SOYREFINED (APR): Trend for Soya Refined is expected sideways. Intraday support is at 670 and resistance for the day is 680.

CASTORSEED (APR): Intraday trend for Castor seed is expected sideways. 3590 is a good support and 3660 is intraday resistance.

DHANIYA (APR): Intraday trend for Dhaniya is expected sideways. Support is at 6750 and resistance is around 6880.

SOYBEAN (APR): Trend for Soybean is expected sideways. Intraday support is 3470 and resistance for the day is 3520. 

Tips on Nifty & Stocks to Watch!
Economy News

Nifty: According to daily chart of Nifty Future, it is trading with a negative bias from the past couple of trading sessions and further down move is expected which can take it to 5600 levels where it could take support and bounce. Support for Nifty at 5700 and 5650. And resistance for Nifty is at 5800 and 5860.

Bank Nifty: According to daily chart of Bank Nifty Future, it has exhibited a trend line where support lies at 11200 if broken then further fall in Bank Nifty can be seen till 11000. Support for Bank Nifty is at 11200 and 11000. And resistance for Bank Nifty is at 11400 and 11540.

Nifty Futures Expecting Positive Opening

STOCKS TO WATCH: 

Reliance Industries
Globus Spirits 


NEWS:

LIC picks up a third of Nalco shares divested by Govt.

State-run insurer LIC has picked up Nalco's 5.25 crore shares, or one-third of the 15.69 shares the government divested last week, through the Offer for Sale (OFS) route. The government had on March 15 raked in over Rs 620 crore through sale of its six% stake in the Odisha-based aluminium producer Nalco. Life Insurance Corporation of India, which had 5.040% stake in Nalco, bought additional 5,24,82,219, or 2.036%, stake through the OFS. 

Air India deals stuck in land titles

Ailing Air India’s (AI) plan to raise revenue by monetizing its properties in the country has been delayed for lack of a clear title to quite a few of these. Ownership documents aren't available for about a fifth of the properties in question. As a result, its monetization target for 2012-13 has been carried over and merged with those for 2013-14; the current expectation is to raise Rs 1,000 crore through sale or lease of at least five prime properties. The latest instance of a setback is the withdrawal of interest by Life Insurance Corporation (LIC) to buy AI’s land lot at central Delhi’s Baba Kharak Singh Marg. 

MCX & NCDEX Tips
Gold, Silver, Nickel, Copper & Crude

Gold is in sideways trend. Gold support is at 29700 and 29550; Resistance is at 29980 and 30080. Buy on dips is recommended for the day.

Silver is in sideways trend.  Silver support is at 54100 and 53800. Resistance is at 54950 and 55200. Buy on dips is recommended for the day.

Copper is in sideways trend.  Copper support is at 411 & 409. Resistance is at 416.50 & 419. Sell on rise is recommended for the day.

Nickel is in sideways trend. Nickel support at 895 & 882. Resistance is at 908 & 913. Sell on rise is recommended for the day.

Crude is in sideways trend. Crude support is at 5055 & 5000. Resistance is at 5110 & 5170. Crude prices are expected to trade within the range from 5110 to 5000.


Economic Data: 

NCDEX Tips:

PEPPER (APR): Intraday trend for Pepper is expected slightly negative. 35000 is a good support and 36000 is good resistance for pepper.

JEERA (APR): Intraday trend for Jeera is expected slightly negative.  12930 is a good support level and 13200 is a good resistance.

RMSEED (APR): Rmseed trend is expected sideways. 3400 is a good support and 3440 is intraday resistance.

CHANNA (APR): Intraday trend for Channa is expected sideways. Support is 3390 and resistance is around 3440.

SOYREFINED (APR): Trend for Soya Refined is expected slightly negative. Intraday support is 663 and resistance for the day is 672.

CASTORSEED (APR): Intraday trend for Castorseed is expected slightly positive. 3590 is a good support and 3680 is intraday resistance.

DHANIYA (APR): Intraday trend for Dhaniya is expected negative. Support is 6700 and resistance is around 6850.

SOYBEAN (APR): Trend for Soybean is expected sideways. Intraday support is 3470 and resistance for the day is 3520. 

Tips on Nifty & Stocks to Watch!
Economy News

Nifty: According to daily chart of Nifty Future, it is trading with a negative bias from the past couple of trading sessions and further down move is expected which can take it to 5600 levels where it could take support and bounce. Support for Nifty is at 5700 and 5650. And resistance for Nifty is at 5800 and 5860.

Bank Nifty: According to daily chart of Bank Nifty Future, it has exhibited a trend line where support lies at 11430 if broken then further fall in Bank Nifty is not ruled out. Support for Bank Nifty is at 11400 and 11200. And resistance for Bank Nifty is at 11650 and 11750. 

Nifty Futures Expecting Positive Opening


STOCKS TO WATCH:

ONGC
Asian Paints


NEWS:

Indian firms' subsidiaries in Cyprus face bank tax hit

The crisis unfolding in the Mediterranean island nation of Cyprus might also affect Indian firms that set up investment entities there to take advantage of the country’s loose banking regulations. Several Indian companies in the infrastructure and real estate sectors set up subsidiaries in Cyprus as it is by far the most beneficial location in terms of Double Tax Treaty Comparison, as there is no dividend withholding on payments from Cyprus to India and from India to Cyprus, according to Cyprus and India laws. An Indian company has to pay a dividend distribution tax but a company based in Cyprus receiving dividends is tax-free. Also, there is no interest withholding tax on payments made from Cyprus to India.

Despite SEBI glare, Sahara still raises funds

Even as the Securities and Exchange Board of India (SEBI) is considering how to return funds to Sahara investors, Q Shop retail, Sahara Group’s latest venture, is raising funds from its franchises by charging a stiff non-refundable fee of up to Rs 3 lakh, depending on the classification of a town. Franchisees would also have to pay for the merchandise — the costs stand at Rs 2-3.5 lakh for a 300-500 sq ft shop. Against the non-refundable deposit, Sahara would provide racks, in-store branding and product training. It would also promote products at the local level.

MCX & NCDEX Tips
Gold, Silver, Copper, Nickel & Crude

Gold is in sideways trend. Gold support is at 29410 and 29270; Resistance is at 29620 and 29740. Gold prices are expected to trade sideways from 29600 to 29300.

Silver is in sideways trend.  Silver support is at 54100 and 53800. Resistance is at 54500 and 55200. Silver prices are likely to trade weak one can sell with a stop loss above 54800.

Copper is in sideways trend. Copper support is at 412 & 409. Resistance is at 416.50 & 419. Copper prices are expected to trade between 416-409.

Nickel is in sideways trend. Nickel support is at 895 & 882. Resistance is at 903 & 910. Sell on high is recommended for the day.

Crude is in sideways trend. Crude support is at 5040 & 5000. Resistance is at 5075 & 5100. Crude prices are expected to trade within the range from 5080 to 5000. 

Economic Data:

NCDEX Tips:

PEPPER (APR): Intraday trend for Pepper is expected sideways. 35500 is a good support and 36500 is good resistance for pepper.

JEERA (APR): Intraday trend for Jeera is expected slightly negative. 13100 is a good support level and 13400 is a good resistance.

RMSEED (APR): Rmseed trend is expected slightly negative. 3410 is a good support and 3460 is intraday resistance.

CHANNA (APR): Intraday trend for Channa is expected slightly positive. Support is at 3400 and resistance is around 3450.

SOYREFINED (APR): Trend for Soya Refined is expected slightly positive. Intraday support is at 672 and resistance for the day is 680.

CASTORSEED (APR): Intraday trend for Castor seed is expected slightly positive. 3590 is a good support and 3680 is intraday resistance.

DHANIYA (APR): Intraday trend for Dhaniya is expected slightly positive. Support is at 6800 and resistance is around 6950.

SOYBEAN (APR): Trend for Soybean is expected slightly positive. Intraday support is at 3470 and resistance for the day is 3520.

Tips on Nifty & Stocks to Watch!
Economy News

Nifty: According to daily chart of Nifty Future, it opened with a gap yesterday and if this gap is not filled in the coming 2 days then more falls can be seen in Nifty. Support for Nifty is at 5830 and 5760. And resistance for Nifty is at 5900 and 5993.

Bank Nifty: According to daily chart of Bank Nifty Future, it opened with a gap yesterday and if this gap is not filled in the coming 2 days then more falls can be seen in Bank Nifty. Support for Bank Nifty is at 11680 and 11600. And resistance for Bank Nifty is at 11880 and 12000. 

Nifty Futures Expecting Positive Opening 


STOCKS TO WATCH:

GVK
LT (Larsen & Toubro)


NEWS:

NTPC, Coal India headed for showdown on fuel pacts

The battle between energy giants Coal India Ltd (CIL) and NTPC Ltd over the issue of fuel supply pacts does not seem to be nearing an end. The latter has put forth two new demands — concerning the acceptable quality of coal and losses during transport — under the new Fuel Supply Agreements (FSAs). Though CIL has trashed these as “absolutely baseless”, the new demands are set to derail the government’s efforts to free huge investments stuck due to coal shortage. NTPC accounts for 13,000 Mw of the 60,000 Mw of new capacity to be commissioned between 2009 and 2015.

M&M looks to drive into China with India's first 4-seater e-car

With the e2o, homegrown auto major Mahindra & Mahindra (M&M) could drive where no other Indian firm has driven before. The country’s only all-electric four-seater passenger car could well become the first vehicle from India to set sail for Chinese shores. Mahindra Reva Electric Vehicles (MREV), which launched the e2o in India, is developing a variant of the electric car for exports set to start early 2014. While the export variant would be first shipped to countries in Europe, MREV is also looking at opportunities to tap the growing market for electric vehicles in China.

MCX & NCDEX Tips
Gold, Silver, Copper, Nickel & Crude

Gold is in sideways trend. Gold support is at 29350 and 29260; Resistance is at 29600 and 29700. Gold prices are expected to trade sideways from 29600 to 29250.

Silver is in sideways trend.  Silver support is at 54100 and 53800. Resistance is at 54500 and 55200. Silver prices are likely to trade weak one can sell on rise.

Copper is in slightly bearish trend.  Copper support is at 415 & 411. Resistance is at 423 & 426. Copper prices are expected to open gap down. One can sell the copper for the target 412-410.

Nickel is in slightly bearish trend. Nickel support is at 900 & 887. Resistance is at 918 & 927. Nickel prices are expected to open gap down. One can sell with a stop loss above 924.

Crude is in sideways trend. Crude support is at 5000 & 4970. Resistance is at 5075 & 5100. Crude prices are expected to trade weak. Prices are expected to test 5000-4970 on lower end. 


Economic Data:

NCDEX Tips:

PEPPER (APR): Intraday trend for Pepper is expected sideways. 35500 is a good support and 36500 is good resistance for pepper.

JEERA (APR): Intraday trend for Jeera is expected slightly negative. 13230 is a good support level and 13420 is a good resistance.

RMSEED (APR): Rmseed trend is expected slightly negative. 3430 is a good support and 3480 is intraday resistance.

 
CHANNA (APR): Intraday trend for Channa is expected sideways. Support is at 3380 and resistance is around 3440.

 
SOYREFINED (APR): Trend for Soya Refined is expected slightly negative. Intraday support is at 668 and resistance for the day is 675.

 
CASTORSEED (APR): Intraday trend for Castor seed is expected slightly negative. 3600 is a good support and 3680 is intraday resistance.

 
DHANIYA (APR): Intraday trend for Dhaniya is expected slightly positive. Support is at 6750 and resistance is around 6900.

SOYBEAN (APR): Trend for Soybean is expected sideways. Intraday support is at 3435 and resistance for the day is 3500. 

Tips on Nifty & Stocks to Watch!
Economy News