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R W EE E K L Y P 21 Oct – 25 Oct 2013 O R T

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MARKET GOSSIPS

 Sensex closes at 3-year high; banks, metal lead rally.  S&P 500 breaks record, Google tops $1,000/sh on Q3 earnings.  NHPC's tax-free bonds oversubscribed over two times.  SpiceJet shares surge over 3% amid stake sale reports.  L&T Q2 net falls 14% to Rs 978 cr, revenues up 10%.  Crisil Jul-Sept quarter net profit up 95% at Rs 117 cr. www.trifidresearch.com

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NIFTY WEEKLY

Support & Resistance CLOSE

S2

S1

CRUCIAL POINT

R1

R2

6210.45

5960

6050

6350

6350

6450

Weekly market view

Markets settled on a strong note on account of supporting global cues and strong rupee. Nifty future on weekly charts had tested the neckline of Head & Shoulder pattern and closed around it. This breakout with good volumes indicates the bull run may continue in the coming sessions and now all time high of 6350 will act as stiff resistance. Any correction will find major support near 6050 holding below which reversals can occur in index. Closing of the coming week is very crucial for markets which will decide the trend further.

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MARKET WATCH

DATE

FII

DII

(Figures are in Rs. cr.)

(Figures are in Rs. cr.)

14-OCT-13

730.29

-641.20

15-OCT-13

1136.23

-1035.34

Indices Change INDEX

VALUE

PTS

%

SENSEX

20882

354

1.72

NIFTY

6189

93

1.52

16-OCT-13

-

-

BANK NIFTY

10744

122

1.14

17-OCT-13

1109.93

-1149.22

INDIA VIX

20.12

-3.47

-14.7

18-OCT-13

1752.98

-562.23

Top Nifty Losers ( Weekly)

Top Nifty Gainers (Weekly)

510.35

P. Close 403.45

26.50

TTKPRESTIGE

46.95

37.95

23.72

FINANTECH

Scrip

Price

MCX JPASSOCIATES

Scrip

%

Price

P. Close

%

3293.80

3530.65

6.71

160

169.85

5.80

JPPOWER

18.90

16.15

17.03

PFC

129.05

136.30

5.32

KTKBANK

106.20

91.25

16.38

TATAPOWER

79.75

84.10

5.17

GUJMINERAL

105.55

91.85

14.92

APOLLOTYRE

66.95

70.55

5.10

STOCK

BUY/SELL

CALLS OF THE COMMENTS WEEK

NMDC

BUY

ABOVE 133.40 TARGETS 136-139.20 SL 129.

ZEEL

BUY

ABOVE 255 TARGETS 260-265 SL 248.

LAST UPDATE

HDFC BUY CALL CLOSED AT COST.

LAST UPDATE

HEROMOTOCORP BUY CALL SL TRIGGERED.

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WEEKLY PICK NIFTY FUT.

TECHNICAL VIEW

BHARTIARTL FUTURE ON WEEKLY CHARTS HAD SURPASSED THE TREND LINE ACTING AS RESISTANCE AND CLOSED ABOVE IT. NOW IF IT MAINTAINS ABOVE THE LEVEL OF 360 THEN BULLISHNESS CAN BE SEEN FURTHER. BUY ABOVE 360 TARGETS 370-380. MAINTAIN SL OF 348. www.trifidresearch.com

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DISCLAIMER

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