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21 July – 25 July 2014

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W E E K L Y

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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.

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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

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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 MARKET WATCH

CALLS OF THE WEEK

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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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