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145
H

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W EE E K L Y
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02 MAY 06 MAY 2016
O
R
T

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MARKET GOSSIPS

Market snaps 2 weeks gaining streak on global clues; Nifty


ends below 7850 mark on April F&O expiry.
Jindal Steel tanks on special courts slamming charges
against Naveen Jindal.
Lupin shares moved higher as strengthens branded drug
portfolio in US.
UPL shares rallied after Q4 profit up 25 percent at Rs 552
crore.
Marico Q4 net up 25 percent, volumes at 10.5 percent beat
street.
Vedanta shares gains despite reported Q4 loss of Rs 11181
crore on impairment charge.
IndiGo revenue rise by 7 percent to Rs 4090 crore; logs
record profit in financial year 16.
Everest net profit for Q4 up 17 pct at Rs 12 crore, sales
increased to Rs 337 crore.
Ambuja Cement Q4 net profit dips 4.4% to Rs 303.8 crore;
volumes up 9.5 percent.
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NIFTY WEEKLY

Support & Resistance


CLOSE

S2

S1

CRUCIAL POINT

R1

R2

7894.80

7650

7760

8010

8010

8100

Weekly market view

Markets showed buying momentum in the first half of the week and made
new highs for this year but strictly faced resistance at such levels and
severely dropped down on back of global cues as BoJ kept their policy
unchanged while European markets too worsened the sentiments finally
closing the week in red territory. Now, 8010 is still seen as key resistance
level and breakout above it can only lead the index higher while on lower
side upper trend line of channel pattern so shown in chart above i.e. 7760
may act as good support for the index. On weekly charts, the candlestick
pattern so formed is not so supporting for bullish breakouts; however, buying
can be seen from support levels in the coming week. Volatility can be seen on
quarterly earnings while key economic indicator Nikkei Markit Manufacturing
PMI is to be released on Monday.

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INDEX

VALUE

PTS

SENSEX

25606

-232

-0.90

NIFTY

7849

-50

-0.63

BANK NIFTY

16795

92

0.54

INDIA VIX

16.53

0.15

0.90

BAJAJ FINANCE

7466

P.
Close
6984

BHARTI INFRATEL

396.55

DEN

Price

DII

(Figures are in Rs. cr.)

(Figures are in Rs. cr.)

25-APRIL-16

222.34

-747.95

26-APRIL-16

512.22

21.21

27-APRIL-16

411.00

-295.07

28-APRIL-16

120.63

-416.21

29-APRIL-16

-205.30

28.13

Top Nifty Losers ( Weekly)

Top Nifty Gainers (Weekly)


Scrip

FII

DATE

Indices Change

Scrip

Price

P. Close

6.90

FRL

129.55

149.00

13.05

373.30

6.23

VEDL

94.85

105.05

9.71

94.20

89.20

5.61

APLLTD

553.00

610.85

9.47

INDIACEM

93.10

88.70

4.96

CROMPGREAV

54.30

59.85

9.27

WIPRO

586.85

559.20

4.94

HINDCOPPER

52.40

57.00

8.07

CALLS OF THE COMMENTS


WEEK

RELCAPITAL(EQ)

BUY

ABOVE 411.50 TARGETS 420.50-430.50 SL 397.

ZEEL(EQ)

BUY

ABOVE 416.80 TARGETS 426.80-437 SL 402.

LAST UPDATE

AJANTPHARM FUT BUY CALL FINAL TARGET ACHIEVED.

LAST UPDATE

JUSTDIAL FUT BUY CALL NOT EXECUTED.

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WEEKLY
PICK
NIFTY FUT.

TECHNICAL VIEW

KOTAKBANK EQ SHOWED REMARKABLE STRENGTH IN THE LAST WEEK AND IS


EXPECTED TO CROSS THE IMMEDIATE RESISTANCE ON DAILY CHARTS.
BUY ABOVE 719.80 TARGETS 735-755. MAINTAIN SL OF 698.

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