Book Profit In Equity News

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  • www.trifidresearch.com 21 July 25 July 2014 H www.trifidresearch.com W E E K L Y R E P O R T
  • www.trifidresearch.com MARKET GOSSIPS Nifty and Sensex rallied 2.5-3% as investors cheered the improved macro-economic data. TCS gains 4%; Q1 revenue up by 2.6%. Kotak bank extends gain on strong Q1 earning; NPA improved. Bajaj Auto dips on lower than expected Q1 earnings. Adani Enterprises gains on rail development pact with POSCO.
  • www.trifidresearch.com Support & Resistance CLOSE S2 S1 CRUCIAL POINT R1 R2 7669.35 7440 7530 7780 7780 7850 Weekly market view Markets rallied 2.5-3% last week due to better than expected June Inflation Nos. and Trade data. Nifty future on weekly charts violated the Bearish Engulfing candlestick pattern and showed strong pull back towards highs. It found strong support around 7460 levels and bulls took it towards the resistance of 7700.It is expected to consolidate for few sessions buy 7780 may act as crucial point sustaining above which may result in record highs and on lower side 7530 is seen as immediate support below which downfall may continue. NIFTY WEEKLY
  • www.trifidresearch.com DATE FII (Figures are in Rs. cr.) DII (Figures are in Rs. cr.) 14-JULY-14 -558.25 331.52 15-JULY-14 -3.40 471.78 16-JULY-14 621.68 -48.48 17-JULY-14 1912.42 -1316.02 18-JULY-14 574.47 -283.17 Indices Change INDEX VALUE PTS % SENSEX 25641 617 2.40 NIFTY 7663 204 2.66 BANK NIFTY 15389 942 6.12 INDIA VIX 15.09 0.63 4.17 Top Nifty Losers ( Weekly) Scrip Price P. Close % RECLTD 313.50 367.80 14.76 INDIAN HOTELS 93.55 106.60 12.24 POWER FINANCE 270.20 302.30 10.62 PIRAMAL ENT 640.65 699.20 8.37 PIPAVAV DEF. 58.50 63.50 7.87 Top Nifty Gainers (Weekly) Scrip Price P. Close % JP INFRA TECH 37.15 31.50 17.94 BHARAT FORGE 707.35 634.10 11.55 MCX 786.25 705.20 11.49 MPHASIS LTD 457.60 412.00 11.07 FINANCIAL TECH 267.35 241.05 10.91 STOCK BUY/SELL COMMENTS MOTHERSUMI(EQ) BUY ABOVE 383 TARGETS 398-415 SL 363. PETRONET(EQ) BUY ABOVE 190 TARGETS 195-200 SL 182. LAST UPDATE HCLTECH EQ BUY CALL NOT EXECUTED. LAST UPDATE ONGC FUT SELL CALL NOT EXECUTED. MARKET WATCH CALLS OF THE WEEK
  • www.trifidresearch.com ONGC EQ ON DAILY CHARTS IS RESISTING AHEAD OF DOWNWARD SLOPING TREND LINE AND A POSITIVE BREAKOUT ABOVE IT IS EXPECTED. BUY ABOVE 418 TARGETS 431-445. MAINTAIN SL OF 400. NIFTY FUT. TECHNICAL VIEW WEEKLY PICK
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