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. 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. 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. 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
