The weekly report summarizes the performance of the market and notable company news from August 24-28, 2015. The market erased gains for the year on concerns about global growth and a weak rupee, with IT, pharma, and FMCG stocks gaining. Nifty futures broke below an important support level of 8330 and closed below it, with the next support seen at 8180. Volatility is expected next week due to futures and options expiration.

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24 AUG – 28 AUG 2015
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MARKET GOSSIPS
Market erases gains of 2015 on global growth concerns,
weak rupee; IT, Pharma and FMCG stocks gains
Government to sell 10% stake in IOC on 24 August.
Aurobindo Pharma gets nod from US health regulator to
market generic version of Prilosec delayed-release
capsules.
Future Group sells its stake 2.02 pct in Pantaloons.
ICICI Bank trim interest rates on bulk deposits by up to
30 bps.
Den Networks received final nod from FIPB for
increase in FII limit.
Delta Corp moved higher Rakesh Jhunjhunwala buys
stake.
Lupin gets nod from USFDA for its Fenofibrate Tablets
54 mg and 160 mg.
Bharti Airtel and Uber announce first-of its kind
strategic partnership.

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Support & Resistance
CLOSE S2 S1 CRUCIAL POINT R1 R2
8306.35 8040 8180 8450 8450 8580
Weekly market view
Markets traded flat in the initial part of the week but dragged in the last
sessions on back of weak global peers and China markets volatility which led
the indices to close on a weak note losing around 2.5%. Nifty future broke
the important support level of 8330 an and closed below it and if it continue
to drag then 8180 is seen as next important support while closing above the
100 day SMA of 8401 can help the index to climb towards the resistance
range of 8450-8560. Volatility can be seen in coming week due to F&O
expiry.
NIFTY WEEKLY

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DATE
FII
(Figures are in Rs. cr.)
DII
(Figures are in Rs. cr.)
17-AUG-15 -142.34 183.72
18-AUG-15 -255.42 127.50
19-AUG-15 -423.72 383.32
20-AUG-15 -1007.26 567.87
21-AUG-15 -2340.60 1524.10
Indices Change
INDEX VALUE PTS %
SENSEX 27366 -701 -2.56
NIFTY 8299 -219 -2.63
BANK NIFTY 18057 -671 -3.71
INDIA VIX 17.11 1.09 6.37
Top Nifty Losers ( Weekly)
Scrip Price P. Close %
AMTEK AUTO 64.30 143.9 55.32
KSCL 468.4 630.9 25.76
CENTRAL BANK 80.60 103.0 21.75
VAKRANGEE 125.0 156.1 19.92
DEN 126.5 142.9 11.48
Top Nifty Gainers (Weekly)
Scrip Price
P.
Close
%
TATA ELXSI 2058.7 1703.2 20.87
DELTA CORP 78.65 65.45 20.17
CEAT LTD 1169 1001 16.69
GLENMARK 1225.3 1058.4 15.77
JUBILANT 369.05 320.55 15.13
STOCK COMMENTS
DRREDDY(EQ) BUY ABOVE 4338 TARGETS 4428-4528 SL 4200.
MINDTREE(EQ) BUY ABOVE 1450 TARGETS 1480-1520 SL 1405.
LAST UPDATE HEROMOTOCO EQ BUY CALL NOT EXECUTED.
LAST UPDATE HEXAWARE EQ BUY CALL NOT EXECUTED.
MARKET WATCH
CALLS OF THE WEEK

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OFSS FUT HAS BEEN CONSOLIDATING AROUND ALL TIME HIGHS AND IS
EXPCETED TO GIVE POSITIVE BREAKOUT.
BUY ABOVE 4440 TARGETS 4510-4590.MAINTAIN SL OF 4340.
NIFTY FUT.
TECHNICAL VIEW
WEEKLY
PICK

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