Weekly Equity Views and Recommendations

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H

R W EE E K L Y P 01 JUNE – 05 JUNE 2015 O R T

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MARKET GOSSIPS

 It was a volatile week; Nifty reclaims 8400 marks while banks shine ahead of monetary policy.  March quarter India's gross domestic product grows 7.5 percent.  Sun pharma posted robust Q4 profit up by 125% at Rs 888 crore.  IRB Infra net profit for the fourth quarter up by 27 percent.  Cipla reported flat Q4 profit stood at Rs 260 crore.  Jet Airways Q4 loss narrowed to Rs 1729 crore on the back of lower expenses.  Sun TV Q4 profit marginal up by 2.74% stood at Rs 202.99 crore against 197 crore. 

SAIL profit decline by 26.2%; revenue drags.

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NIFTY WEEKLY

Support & Resistance CLOSE

S2

S1

CRUCIAL POINT

R1

R2

8452.05

8190

8310

8550

8610

8700

Weekly market view

Markets saw a losing streak for consecutive four sessions of the week but strength was seen on last day as per buying interest was seen before the RBI Policy in coming week and finally closed around the 100 day EMA of 8450. Nifty future on daily charts is exhibiting downward channel pattern and so 8530-8550 may act as crucial point for it. Positive breakout above this can lead towards 8610 while if reversals occur from this, then it may again drag towards the near support level of 8300. Key event to be watched is RBI Monetary Policy on 2nd June.

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MARKET WATCH

INDEX

VALUE

PTS

%

SENSEX

27828

-129

-0.46

NIFTY

8433

-25

-0.29

BANK NIFTY

18721

288

1.53

INDIA VIX

16.65

-0.29

-1.74

FII

DII

DATE

(Figures are in Rs. cr.)

(Figures are in Rs. cr.)

25-MAY-15

74.14

0.17

26-MAY-15

114.81

123.85

27-MAY-15

-934.98

594.03

28-MAY-15

-792.54

683.29

29-MAY-15

2284.30

-2267.88

Indices Change

Top Nifty Losers ( Weekly)

Top Nifty Gainers (Weekly) DISH TV

101.20

P. Close 82.90

VOLTAS

332.95

288.30

15.49

JSPL

119.40

136.25

12.37

AJANTA PHARMA

1579.3

1368.9

15.37

ADANIENT

706.20

779.30

9.38

KTK BANK

141.35

126.60

11.65

DEN

140.55

153.75

8.59

BRITANNIA

2548.9

2285.3

11.53

RELINFRA

409.20

447.40

8.54

Scrip

Price

STOCK

Scrip

%

Price

%

22.07

TECHM

554.45

654.60

15.30

CALLS OF THE COMMENTS WEEK

BAJAJAUTO(EQ)

BUY

ABOVE 2341 TARGETS 2391-2431 SL 2275.

CENTURYTEX(FUT)

BUY

ABOVE 687.50 TARGETS 702-718 SL 656.

ST

LAST UPDATE

FRL EQ BUY CALL 1 TARGET ACHEIVED.

LAST UPDATE

LUPIN EQ BUY CALL FINAL TARGET ACHEIVED.

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P. Close

WEEKLY PICK NIFTY FUT.

TECHNICAL VIEW

HINDPETRO EQ HAD CLOSED NEAR TO ALL TIME HIGHS AND THE BULL RALLY IS EXPECTED TO CONTINUE FURTHER. BUY ABOVE 685 TARGETS 710-740. MAINTAIN SL OF 650.

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