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H

R W EE E K L Y P 21 April – 25 April 2014 O R T

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MARKET GOSSIPS

 Weekly wrap: Nifty ends flat, eyes 6800; IT cos kick off earnings season.  Nikkei hits 10-day closing high on upbeat US earnings, data.  Earnings lift S&P 500, Nasdaq; S&P's best week since July.  RIL Q4 net up 2% at Rs 5631 cr, GRM rises 22% to $9.3/bbl.  Piramal to buy 20% stake in Shriram Capital for Rs 20.14 bn. www.trifidresearch.com


NIFTY WEEKLY

Support & Resistance CLOSE

S2

S1

CRUCIAL POINT

R1

R2

6799.95

6580

6680

6900

6900

6980

Weekly market view

Markets made record highs last week and soon dropped towards important support levels while March Inflation started northward move and finally indices managed to settle on a flat note. Nifty future strongly rebounded from strong support of 6680 and pulled back towards 6800 in the last session. On back of domestic political cues nifty may continue its northward movement and may surpass 6900 mark to rise higher while support is seen in range of 6680-6580. Volatility may be affected due to F&O Expiry in the coming week.

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MARKET WATCH

INDEX

VALUE

PTS

%

SENSEX

22628

0

0

NIFTY

6779

3

0.04

BANK NIFTY

12787

-53

-0.41

INDIA VIX

30.85

1.67

5.72

FII

DII

DATE

(Figures are in Rs. cr.)

(Figures are in Rs. cr.)

14-APR-14

-

-

15-APR-14

-21.63

-278.27

16-APR-14

-44.69

-347.70

17-APR-14

433.40

-122.75

18-APR-14

-

-

Indices Change

Top Nifty Losers ( Weekly)

Top Nifty Gainers (Weekly) FRL

107.20

P. Close 85.15

CROMPTONGREAV

188.85

151.40

24.74

DLF

159.60

171.05

6.69

PIPAVAV

44.35

37.55

18.11

BANKINDIA

219.60

231.25

5.04

ADANIENT

439.25

377.95

16.22

MOTHERSON

249

261.40

4.74

RELINFRA

522.20

452.05

15.52

IDEA

140

146.85

4.66

Scrip

STOCK

Price

BUY/SELL

Scrip

%

Price

P. Close

%

25.90

M&MFIN

230.70

247.70

6.86

COMMENTS CALLS OF THE WEEK

AMBUJACEM(EQ)

BUY

ABOVE 218.75 TARGETS 223-228 SL 210.

ICICIBANK(EQ)

BUY

ABOVE 1276 TARGETS 1310-1345 SL 1227. ST

LAST UPDATE

BIOCON(EQ) BUY CALL 1 TARGET ACHIEVED.

LAST UPDATE

WIPRO(EQ) BUY CALL MADE HIGH OF 594.70(RECOMMENDED @ 577.50).

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WEEKLY PICK NIFTY FUT.

TECHNICAL VIEW

ASIANPAINT EQ HAD BEEN CONSOLIDATING AROUND THE UPPER CONSOLIDATION OF 550 WHICH IS EXPECTED TO GIVE BREAKOUT. BUY ABOVE 550 TARGETS 562-575. MAINTAIN SL OF 530.

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DISCLAIMER

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