Equity weekly-report-by-trifid research

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Equity weekly-report-by-trifid research

  1. 1. www.trifidresearch.com 14 Oct – 18 Oct 2013 H www.trifidresearch.com W E E K L Y R E P O R T
  2. 2. www.trifidresearch.com MARKET GOSSIPS  Markets up 3%; gets sentiment boost from RBI and Infy.  Wall Street ends up on hopes of debt solution in Washington.  August IIP comes in at paltry 0.6% Vs 2.8% in July.  FIIs investment limit in Tech Mahindra raised to 45%.  Hinduja Automotive buys 2.6 crore shares of Ashok Leyland.  GAIL selling $65 mn worth of stake in China Gas.
  3. 3. www.trifidresearch.com Support & Resistance CLOSE S2 S1 CRUCIAL POINT R1 R2 6130.50 5900 6000 6200 6240 6350 Weekly market view Markets gained momentum for the whole week gaining around 3% supported by rupee appreciation and good Infy nos. Nifty future on weekly charts is exhibiting Head & Shoulder pattern according to which stiff resistance is seen near the neckline i.e. around 6200 and thus seen as crucial mark. Bulls will take it towards higher levels of 6240-6300 if it sustains above 6200. While reversals from the neckline can cause some correction where major support range is seen around 6000-5950. Volatility may be seen due to Q2 nos. of major companies. NIFTY WEEKLY
  4. 4. www.trifidresearch.com DATE FII (Figures are in Rs. cr.) DII (Figures are in Rs. cr.) 07-OCT-13 494.13 -267.46 08-OCT-13 226.32 -454.35 09-OCT-13 326.58 -97.10 10-OCT-13 614.27 -460.47 11-OCT-13 1010.45 -544.19 Indices Change INDEX VALUE PTS % SENSEX 20528 613 3.07 NIFTY 6096 189 3.19 BANK NIFTY 10622 425 4.16 INDIA VIX 23.59 -2.54 -9.72 Top Nifty Losers ( Weekly) Scrip Price P. Close % COALINDIA 282.60 297.25 4.93 COROMANDEL 221.90 232.15 4.42 J&K BANK 1108.20 1157.80 4.28 JETAIRWAYS 355.05 370.85 4.26 GITANJALI 52.50 54.70 4.02 Top Nifty Gainers (Weekly) Scrip Price P. Close % PRESTIGEESTATE 140.30 114.10 22.96 UNITECH 19.35 15.80 22.47 YESBANK 347.20 295 17.69 TECHM 1548.6 1324.9 16.88 MCX 446.25 382.40 16.70 STOCK BUY/SELL COMMENTS HDFC BUY ABOVE 824 TARGETS 840-860 SL 800. HEROMOTOCORP BUY ABOVE 2100 TARGETS 2130-2160 SL 2060. LAST UPDATE ONGC SELL CALL SL TRIGGERED. LAST UPDATE ZEEL BUY CALL SL TRIGGERED. MARKET WATCH CALLS OF THE WEEK
  5. 5. www.trifidresearch.com AXISBANK FUTURE ON DAILY CHARTS IS FACING RESISTANCE NEAR THE TREND LINE AND MAY GIVE A POSITIVE BREAKOUT. BUY ABOVE 1129 TARGETS 1165-1200. MAINTAIN SL OF 1085. NIFTY FUT. TECHNICAL VIEW WEEKLY PICK
  6. 6. www.trifidresearch.com WWW.TRIFIDRESEARCH.COM DISCLAIMER

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