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H

R W EE E K L Y P 05 April – 09 May 2014 O R T

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MARKET GOSSIPS

 India's NSE index hits 2-1/2 week low; profit-taking grips bluechips.  Wall St dips as Ukraine concern offsets upbeat jobs data.  Reliance Capital Q4 earning, net flat.  Bajaj Auto bike sales decline marginally in April.  Bata India Q1 net up by 2.44% at Rs 39.4cr. www.trifidresearch.com


NIFTY WEEKLY

Support & Resistance CLOSE

S2

S1

CRUCIAL POINT

R1

R2

6726.70

6460

6610

6610

6840

6950

Weekly market view

Markets remained subdued for the whole week and profit booking was mainly seen around higher levels which made them to close flat with negative bias. Nifty future on daily charts showed consecutive falling and closed above the crucial support mark of 6685. If it breaches this mark then 6600 may act as next important support for nifty. While considering the overall trend and other domestic cues nifty may again rebound towards the resistance zone of 6800-6840 sustaining above which may lead towards higher side.

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MARKET WATCH

Indices Change INDEX

VALUE

PTS

%

SENSEX

22403

-285

-0.06

NIFTY

6782

-87

-0.02

BANK NIFTY

12842

-192

-0.11

INDIA VIX

33.05

2.37

8.1

FII

DII

DATE

(Figures are in Rs. cr.)

(Figures are in Rs. cr.)

28-APR-14

77.02

-370.53

29-APR-14

287.98

-550.89

30-APR-14

454.48

6.46

01-MAY-14

-

-

02-MAY-14

386.95

-405.65

Top Nifty Losers ( Weekly)

Top Nifty Gainers (Weekly) UPL

280.00

P. Close 218.65

FUTURE RETAIL

139.50

113.40

23.02

FINANCIAL TECH

300.70

349.70

14.01

WOCKHARD LTD

766.30

654.35

17.11

JINDAL ST & PWR

238.90

275.80

13.38

JAIN IRRIGATION

83.00

71.40

16.25

CROMPTON

164.95

187.45

12.00

INDIAN OVERSEAS

60.10

52.55

14.37

JSWENERGY

51.70

58.50

11.62

Scrip

STOCK

Price

BUY/SELL

%

Scrip

Price

P. Close

28.06

JET AIRWAYS

243.45

288.65

15.66

CALLS OF THE COMMENTS WEEK

ACC(FUT)

SELL

BELOW 1282 TARGETS 1252-1222 SL 1325.

TECHM(FUT)

BUY

ABOVE 1870 TARGETS 1900-1930 SL 1820.

LAST UPDATE

CANBK FUT BUY CALL SL TRIGGERED.

LAST UPDATE

LUPIN EQ BUY CALL MADE HIGH OF 1019.90(RECOMMENDED @ 1004).

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%


WEEKLY PICK NIFTY FUT.

TECHNICAL VIEW

HINDPETRO EQ LAST WEEK CONSOLIDATED AROUND THE HIGHER SIDE AND SEEMS TO GIVE POSITIVE BREAKOUT. BUY ABOVE 331 TARGETS 345-362. MAINTAIN SL OF 310.

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