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R E E K L Y W E P 14 Oct 18 Oct 2013 O R T

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MARKET GOSSIPS

Markets up 3%; gets sentiment boost from RBI and Infy. Wall Street ends up on hopes of debt solution in Washington. August IIP comes in at paltry 0.6% Vs 2.8% in July. FIIs investment limit in Tech Mahindra raised to 45%. Hinduja Automotive buys 2.6 crore shares of Ashok Leyland. GAIL selling $65 mn worth of stake in China Gas.
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NIFTY WEEKLY

Support & Resistance


CLOSE 6130.50 S2 5900 S1 6000 CRUCIAL POINT 6200 R1 6240 R2 6350

Weekly market view

Markets gained momentum for the whole week gaining around 3% supported by rupee appreciation and good Infy nos. Nifty future on weekly charts is exhibiting Head & Shoulder pattern according to which stiff resistance is seen near the neckline i.e. around 6200 and thus seen as crucial mark. Bulls will take it towards higher levels of 6240-6300 if it sustains above 6200. While reversals from the neckline can cause some correction where major support range is seen around 6000-5950. Volatility may be seen due to Q2 nos. of major companies.

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MARKET WATCH

Indices Change
INDEX VALUE PTS %

DATE
07-OCT-13 08-OCT-13 09-OCT-13 10-OCT-13 11-OCT-13

FII
(Figures are in Rs. cr.)

DII
(Figures are in Rs. cr.)

494.13 226.32 326.58 614.27

-267.46 -454.35 -97.10 -460.47

SENSEX NIFTY BANK NIFTY INDIA VIX

20528 6096 10622 23.59

613 189 425 -2.54

3.07 3.19 4.16 -9.72

1010.45

-544.19

Top Nifty Gainers (Weekly)


Scrip Price 140.30 19.35 347.20 1548.6 446.25 P. Close 114.10 15.80 295 1324.9 382.40 % 22.96 22.47 17.69 16.88 16.70

Top Nifty Losers ( Weekly)


Scrip Price 282.60 221.90 1108.20 355.05 52.50 P. Close 297.25 232.15 1157.80 370.85 54.70 %
4.93 4.42 4.28 4.26 4.02

PRESTIGEESTATE UNITECH YESBANK TECHM MCX

COALINDIA COROMANDEL J&K BANK JETAIRWAYS GITANJALI

STOCK
HDFC HEROMOTOCORP LAST UPDATE LAST UPDATE

BUY/SELL
BUY BUY

COMMENTS CALLS OF THE WEEK


ABOVE 824 TARGETS 840-860 SL 800. ABOVE 2100 TARGETS 2130-2160 SL 2060. ONGC SELL CALL SL TRIGGERED. ZEEL BUY CALL SL TRIGGERED.

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WEEKLY PICK NIFTY FUT.

TECHNICAL VIEW

AXISBANK FUTURE ON DAILY CHARTS IS FACING RESISTANCE NEAR THE TREND LINE AND MAY GIVE A POSITIVE BREAKOUT. BUY ABOVE 1129 TARGETS 1165-1200. MAINTAIN SL OF 1085.

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