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R E E K L Y W E P 21 April 25 April 2014 O R T

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MARKET GOSSIPS

Weekly wrap: Nifty ends flat, eyes 6800; IT cos kick off earnings season. Nikkei hits 10-day closing high on upbeat US earnings, data. Earnings lift S&P 500, Nasdaq; S&P's best week since July. RIL Q4 net up 2% at Rs 5631 cr, GRM rises 22% to $9.3/bbl. Piramal to buy 20% stake in Shriram Capital for Rs 20.14 bn.
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NIFTY WEEKLY

Support & Resistance

CLOSE 6799.95 S2 6580 S1 6680 CRUCIAL POINT 6900 R1 6900 R2 6980

Weekly market view

Markets made record highs last week and soon dropped towards important support levels while March Inflation started northward move and finally indices managed to settle on a flat note. Nifty future strongly rebounded from strong support of 6680 and pulled back towards 6800 in the last session. On back of domestic political cues nifty may continue its northward movement and may surpass 6900 mark to rise higher while support is seen in range of 6680-6580. Volatility may be affected due to F&O Expiry in the coming week.

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MARKET WATCH

Indices Change
INDEX VALUE PTS %

DATE
14-APR-14 15-APR-14 16-APR-14 17-APR-14 18-APR-14

(Figures are in Rs. cr.)

FII

(Figures are in Rs. cr.)

DII

-21.63 -44.69 433.40

-278.27 -347.70 -122.75

SENSEX NIFTY BANK NIFTY INDIA VIX

22628 6779 12787 30.85

0 3 -53 1.67

0 0.04 -0.41 5.72

Top Nifty Gainers (Weekly)

Scrip Price 107.20 188.85 44.35 439.25 522.20

Top Nifty Losers ( Weekly)

% 25.90 24.74 18.11 16.22 15.52 Scrip Price 230.70 159.60 219.60 249 140 P. Close 247.70 171.05 231.25 261.40 146.85 %
6.86 6.69 5.04 4.74 4.66

FRL CROMPTONGREAV PIPAVAV ADANIENT RELINFRA

P. Close 85.15 151.40 37.55 377.95 452.05

M&MFIN DLF BANKINDIA MOTHERSON IDEA

STOCK
AMBUJACEM(EQ) ICICIBANK(EQ) LAST UPDATE LAST UPDATE

BUY/SELL
BUY BUY

COMMENTS CALLS OF THE WEEK

ABOVE 218.75 TARGETS 223-228 SL 210. ABOVE 1276 TARGETS 1310-1345 SL 1227. BIOCON(EQ) BUY CALL 1 TARGET ACHIEVED. WIPRO(EQ) BUY CALL MADE HIGH OF 594.70(RECOMMENDED @ 577.50).
ST

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WEEKLY PICK NIFTY FUT.

TECHNICAL VIEW

ASIANPAINT EQ HAD BEEN CONSOLIDATING AROUND THE UPPER CONSOLIDATION OF 550 WHICH IS EXPECTED TO GIVE BREAKOUT. BUY ABOVE 550 TARGETS 562-575. MAINTAIN SL OF 530.

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