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R E E K L Y W E P 21 Oct 25 Oct 2013 O R T

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MARKET GOSSIPS

Sensex closes at 3-year high; banks, metal lead rally. S&P 500 breaks record, Google tops $1,000/sh on Q3 earnings. NHPC's tax-free bonds oversubscribed over two times. SpiceJet shares surge over 3% amid stake sale reports. L&T Q2 net falls 14% to Rs 978 cr, revenues up 10%. Crisil Jul-Sept quarter net profit up 95% at Rs 117 cr.
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NIFTY WEEKLY

Support & Resistance

CLOSE 6210.45 S2 5960 S1 6050 CRUCIAL POINT 6350 R1 6350 R2 6450

Weekly market view

Markets settled on a strong note on account of supporting global cues and strong rupee. Nifty future on weekly charts had tested the neckline of Head & Shoulder pattern and closed around it. This breakout with good volumes indicates the bull run may continue in the coming sessions and now all time high of 6350 will act as stiff resistance. Any correction will find major support near 6050 holding below which reversals can occur in index. Closing of the coming week is very crucial for markets which will decide the trend further.

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MARKET WATCH

Indices Change
INDEX VALUE PTS %

DATE
14-OCT-13 15-OCT-13 16-OCT-13 17-OCT-13 18-OCT-13

FII
(Figures are in Rs. cr.)

DII
(Figures are in Rs. cr.)

730.29 1136.23 1109.93

-641.20 -1035.34 -1149.22

SENSEX NIFTY BANK NIFTY INDIA VIX

20882 6189 10744 20.12

354 93 122 -3.47

1.72 1.52 1.14 -14.7

1752.98

-562.23

Top Nifty Gainers (Weekly)

Scrip Price 510.35 46.95 18.90 106.20 105.55 P. Close 403.45 37.95 16.15 91.25 91.85 % 26.50 23.72 17.03 16.38 14.92

Top Nifty Losers ( Weekly)

Scrip Price 3293.80 160 129.05 79.75 66.95 P. Close 3530.65 169.85 136.30 84.10 70.55 %
6.71 5.80 5.32 5.17 5.10

MCX JPASSOCIATES JPPOWER KTKBANK GUJMINERAL

TTKPRESTIGE FINANTECH PFC TATAPOWER APOLLOTYRE

STOCK
NMDC ZEEL LAST UPDATE LAST UPDATE

BUY/SELL
BUY BUY

CALLS OF THE COMMENTS WEEK

ABOVE 133.40 TARGETS 136-139.20 SL 129. ABOVE 255 TARGETS 260-265 SL 248. HDFC BUY CALL CLOSED AT COST. HEROMOTOCORP BUY CALL SL TRIGGERED.

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WEEKLY PICK NIFTY FUT.

TECHNICAL VIEW

BHARTIARTL FUTURE ON WEEKLY CHARTS HAD SURPASSED THE TREND LINE ACTING AS RESISTANCE AND CLOSED ABOVE IT. NOW IF IT MAINTAINS ABOVE THE LEVEL OF 360 THEN BULLISHNESS CAN BE SEEN FURTHER. BUY ABOVE 360 TARGETS 370-380. MAINTAIN SL OF 348.
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