Equity Weeakly Basics Tutorial
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- www.trifidresearch.com 14 July 18 July 2014 H www.trifidresearch.com W E E K L Y R E P O R T
- www.trifidresearch.com MARKET GOSSIPS Markets post biggest weekly fall; Nifty ends below 7500. IIP at 4.7% in May, highest level since Oct 2012. Infosys; Revenue down 0.8%, Net profit down 3.5%. IndusInd Bank Q1 net rises 26% to 421 crore. Gems and jewellery stocks dips after govt keeps import duty unchanged.
- www.trifidresearch.com Support & Resistance CLOSE S2 S1 CRUCIAL POINT R1 R2 7480.15 7200 7340 7340 7620 7760 Weekly market view Markets showed weekly downfall of approx 4% due to profit booking after the much awaited event of Union Budget. Nifty future on weekly charts had exhibited a Bearish Engulfing Candlestick indicating selling pressure may continue in the coming week. It tested record highs of 7800 last week and fell towards the major support of 7460. Further, any closing and holding below this support mark may further drag it towards the next support of 7340. However any reversals and leading towards highs may find 7620 as immediate resistance. CPI & WPI rates on Monday are seen as events responsible for volatility in the coming week. NIFTY WEEKLY
- www.trifidresearch.com DATE FII (Figures are in Rs. cr.) DII (Figures are in Rs. cr.) 07-JULY-14 198.57 -85.22 08-JULY-14 422.72 -399.56 09-JULY-14 645.19 -265.19 10-JULY-14 161.55 4.89 11-JULY-14 -723.48 -44.93 Indices Change INDEX VALUE PTS % SENSEX 25024 -938 -3.78 NIFTY 7459 -292 -3.91 BANK NIFTY 14447 -1109 -7.67 INDIA VIX 15.72 -2.43 -15.45 Top Nifty Losers ( Weekly) Scrip Price P. Close % UNITECH LTD 25.10 32.75 23.36 SYNDICATE BANK 142.40 177.80 19.91 APOLLO TYRES 169.60 211.40 19.77 ANDHRA BANK 82.00 102.20 19.77 ALLAHABAD BNK 114.60 142.20 19.41 Top Nifty Gainers (Weekly) Scrip Price P. Close % IDFC 148.35 133.30 11.29 CRISIL 1937.4 1799 7.69 SUN PHARMA 741.45 704.00 5.32 RANBAXY 555.50 532.15 4.39 ITC 346.05 331.50 4.39 STOCK BUY/SELL COMMENTS HCLTECH(EQ) BUY ABOVE 1525 TARGETS 1575-1625 SL 1455. ONGC(FUT) SELL BELOW 392 TARGETS 380-368 SL 406. LAST UPDATE ADANIPORTS EQ BUY CALL SL TRIGGERED. LAST UPDATE AXAISBANK EQ BUY CALL NOT EXECUTED. MARKET WATCH CALLS OF THE WEEK
- www.trifidresearch.com ZEEL EQ HAS BEEN TRADING AND CLOSED AROUND RECORD HIGHS AND IS EXPECTED TO CONTINUE THE POSITIVE MOMENTUM. BUY ABOVE 305 TARGETS 318-332. MAINTAIN SL OF 288. NIFTY FUT. TECHNICAL VIEW WEEKLY PICK
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