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R W EE E K L Y P 19 August – 23 August 2013 O R T

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MARKET GOSSIPS

Markets drop 1% as Re slumps despite RBI measures. Wall Street slips, Dow posts biggest weekly loss of 2013. Wockhardt up 5% as Khorakiwala Holdings release pledge. Future Retail posts Rs 12 crore loss. Axis Bank plunges, M&M Financial gains on MSCI rebalancing.

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NIFTY WEEKLY

Support & Resistance CLOSE

S2

S1

CRUCIAL POINT

R1

R2

5505

5320

5420

5460

5600

5685

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Weekly market view

Markets continue to shatter since last four weeks and closed around their crucial support levels on account of weak global markets and depreciating rupee. Nifty future on weekly charts closed below the trend line coming from previous lows indicating bearishness to continue. Now, key support level is seen near 200 day SMA of 5450 below which it will find next major support around 5320. On higher side, any correction will find resistance in the range of 5600-5685.

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MARKET WATCH MARKET WATCH

DATE

FII

DII

(Figures are in Rs. cr.)

(Figures are in Rs. cr.)

12-AUG-13

408.36

258.81

13-AUG-13

227.08

115.29

14-AUG-13

247.96

249.28

15-AUG-13

-

-

16-AUG-13

-563.23

732.23

Indices Change Top Nifty Gainers (Weekly) Scrip INDEX

Price VALUE 379.40

P. PTS Close 278.15

63.35

RANBAXY SENSEX ESSAROIL

18598

NIFTY HINDCOPPER

5507 55.65

AUROPHARMA BANK NIFTY

9450

WOCKHARDT

460.15

23.64

INDIA VIX

STOCK

186.05

BUY/SELL

Top Nifty Losers ( Weekly) % %

Scrip

Price

P. Close

%

36.40

MCX

243.25

331.85

26.70

47.45

35.51

CADILAHEALTH

662.45

744.30

11.00

-58 44.05

-1.04 26.33

SYNDICATEBANK

67.05

74.55

10.06

24.87

FEDERALBANK

309.75

338.45

8.48

20.68

CESC

295.85

321.50

7.98

-191

149

-366

-3.72

381.30

2.45

-1.01

11.56

CALLS OF THE COMMENTS WEEK

AXISBANK

SELL

BELOW 1025 TARGETS 1004-981 SL 1053.

ICICIBANK

SELL

BELOW 855 TARGETS 839-815 SL 876.

LAST UPDATE

IDEA BUY CALL BOTH TARGETS ACHIEVED.

LAST UPDATE www.trifidresearch.com

ONGC SELL CALL NOT EXECUTED. http://www.facebook.com/trifidresearchindore


WEEKLY PICK NIFTY FUT.

TECHNICAL VIEW

ONGC FUTURE ON WEEKLY CHARTS AFTER FACING RESISTANCE OF 100 DAY EMA DRAGGED DOWN AND FOUND SUPPORT OF TREND LINE ACTING AS SUPPORT WHICH SEEMS TO GIVE A NEGATIVE BREAKOUT. SELL BELOW 267.75 TARGETS 259-249. MAINTAIN SL OF 278. www.trifidresearch.com

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