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H

R W EE E K L Y P 28 April – 02 May 2014 O R T

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MARKET GOSSIPS

 Weekly: Markets retreat from record highs on growth concerns.  Wall Street trips as Amazon tumbles; indexes slip for week.  ICICI Q4 net up 15% on higher other income, retail advances.  MCX stake sale: Reliance Capital wants FMC to intervene.  Maruti Suzuki Q4 below estimates, net up 17.5% to Rs 800 cr. 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 settled the marginal gains in the truncated week; although indices hit record closing highs but retreated on Friday amid growth concerns. Nifty future is moving in rough channel pattern on daily charts and if domestic political cues as well as global markets support then it may be able to surpass immediate resistance of 6900 above which it may lead towards upper band around 6980. Closest support is seen near lower trend line of 6750 and any closing below it may rise the phase of correction otherwise the trend seems to be bullish and rebounding from deeper supports is expected.

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MARKET WATCH

INDEX

VALUE

PTS

%

SENSEX

22688

60

0.26

NIFTY

6782

3

0.04

BANK NIFTY

13034

247

1.93

INDIA VIX

30.68

-0.17

-0.55

FII

DII

DATE

(Figures are in Rs. cr.)

(Figures are in Rs. cr.)

21-APR-14

212.85

-217.66

22-APR-14

162.93

-298.46

23-APR-14

767.61

-533.88

24-APR-14

-

-

25-APR-14

295.01

-417.30

Indices Change

Top Nifty Losers ( Weekly)

Top Nifty Gainers (Weekly) FRL

130.35

P. Close 84.60

STAR

526.70

459.90

14.52

JPPOWER

15.17

17.20

11.80

MRPL

59.45

52.15

14.00

FT

323.50

361.95

10.62

PIPAVAV

47.85

43.35

10.38

MRF

20421

22788

10.38

UNITEDSPIRITS

2808.4

2557

9.83

JSWENERGY

56.50

62.65

9.82

Scrip

STOCK

Price

BUY/SELL

Scrip

%

P. Close

%

54.08

DLF

153.75

176.35

12.82

CALLS OF THE COMMENTS WEEK

CANBK(FUT)

BUY

ABOVE 296 TARGETS 304-314 SL 283.

LUPIN(EQ)

BUY

ABOVE 1004 TARGETS 1025-1050 SL 975.

LAST UPDATE

AMBUJACEM(EQ) BUY CALL SL TRIGGERED.

LAST UPDATE

ICICIBANK(EQ) BUY CALL 1 TARGET ACHIEVED.

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Price

ST


WEEKLY PICK NIFTY FUT.

TECHNICAL VIEW

TECHM EQ HAS BEEN MOVING AROUND 100 DAY SMA AND IT IS EXPECTED TO BREAK THE TREND LINE TO MOVE TOWARDS RESISTANCE OF 1850 SUSTAINING ABOVE WHICH IT MAY MOVE TOWARDS 1875. BUY ABOVE 1812 TARGETS 1850-1900. MAINTAIN SL OF 1749.

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Weekly stock market news by trifid research  

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