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H

R W EE E K L Y P 24 Feb – 28 Feb 2014 O R T

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MARKET GOSSIPS

 Weekly wrap: Banks, power shares lift Nifty as Budget neutral.  Wall Street dips with S&P 500's record high in sight.  Tata Power, Adani Power in focus ahead of CERC tariff order.  HCL denies report of founder Shiv Nadar seeking buyer for $10 bn stake.  Shree Renuka Sugars slips 10% on fears of equity dilution after Wilmar deal. www.trifidresearch.com


NIFTY WEEKLY

Support & Resistance CLOSE

S2

S1

CRUCIAL POINT

R1

R2

6163.95

5990

6080

6210

6240

6340

Weekly market view

Markets last week rose above their crucial marks with capital goods, banking and technology being best performers and so closed climbing more than 1.5%. Nifty future surpassed 100 day EMA of 6126 and closed above it. Now, 6210 may act as next key mark acting as resistance above which 6250 is seen as major resistance. While, support is seen around 6080 and any closing below this may drag it towards major support of 6000. Key event to affect market volatility in the coming week is F&O Expiry.

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MARKET WATCH

Indices Change INDEX

VALUE

PTS

%

SENSEX

20700

334

1.63

NIFTY

6155

107

1.76

BANK NIFTY

10554

351

3.44

INDIA VIX

14.04

-2.62

-15.72

FII

DII

DATE

(Figures are in Rs. cr.)

(Figures are in Rs. cr.)

17-FEB-14

522.82

-245.17

18-FEB-14

292.33

-154.83

19-FEB-14

468.47

-338.74

20-FEB-14

206.46

-600.71

21-FEB-14

603.41

-381.55

Top Nifty Losers ( Weekly)

Top Nifty Gainers (Weekly) FINANTECH

325.70

P. Close 272.80

ABB INDIA

682.55

584.30

16.81

CIPLA

369.30

412.80

10.54

ADANIPORTS

166.20

145.80

13.99

TATACOMM

270.95

302.45

10.41

ADANIENT

248.90

220.10

13.08

SUZLON

10.10

11.16

9.50

INDIANHOTELS

68.10

60.70

12.19

CORPORATIONBK

223.50

244.35

8.53

Scrip

STOCK

Price

BUY/SELL

Scrip

%

P. Close

%

19.39

MUTHOOTFIN

155.15

175.10

11.39

CALLS OF THE COMMENTS WEEK

CROMPTON

BUY

ABOVE 123.80 TARGETS 127-130.50 SL 119.

TITAN

BUY

ABOVE 239 TARGETS 244.50-250 SL 231.

LAST UPDATE

RECLTD BUY CALL SL TRIGGERED.

LAST UPDATE

SUNPHARMA BUY CALL CLOSED BELOW COST.

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Price


WEEKLY PICK NIFTY FUT.

TECHNICAL VIEW

ABAN IS CONSOLIDATING AROUND THE IMMEDIATE RESISTANCE SINCE LAST TWO WEEKS WHICH IS EXPECTED TO GIVE BREAKOUT. BUY ABOVE 526.50 TARGETS 550-580. MAINTAIN SL OF 496.

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Weekly stock market news 24 feb 2014