Indian shares hit record highs on election hopes; post biggest gains since Sept.

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12 May – 16 May 2014
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MARKET GOSSIPS
 Indian shares hit record highs
on election hopes; post biggest
gains since Sept.
 Dow ends at record high; Apple
drags on S&P 500, Nasdaq.
 Trade deficit at $10.1bn in
April; exports hit 5 month low.
 Wonderla debuts at Rs
165/share; rises 36% over issue
price.
 Ranbaxy March quarter net loss
at Rs 73.6cr.

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Support & Resistance
CLOSE S2 S1 CRUCIAL POINT R1 R2
6887.40 6530 6660 7000 7000 7120
Weekly market view
Markets were trading flat for most part of the week with low volumes but
showed strong pull back from the key support levels and hit record highs in
last session with weekly gain of more than 1%.Nifty future on its daily charts
if maintains above 6900 then next key resistance is seen near 7000. While
any correction from current levels may find 6750 as good support for it. Key
events affecting volatility of markets are IIP data & Inflation rate. Also, it is
likely to be most important weeks for benchmark indices as India is set to
unveil election results on May’16.
NIFTY WEEKLY

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DATE
FII
(Figures are in Rs. cr.)
DII
(Figures are in Rs. cr.)
05-MAY-14 279.86 -224.52
06-MAY-14 45.93 -55.73
07-MAY-14 119.11 -258.88
08-MAY-14 363.24 -119.90
09-MAY-14 1268.78 -75.30
Indices Change
INDEX VALUE PTS %
SENSEX 22994 591 2.63
NIFTY 6858 76 1.12
BANK NIFTY 13750 908 7.07
INDIA VIX 37.7 4.65 14.06
Top Nifty Losers ( Weekly)
Scrip Price P. Close %
FINANTECH 262.90 315.75 16.74
PIPAVAV 41.90 47.75 12.25
EMAMI 441.60 475.55 7.14
ALBK 93.60 99.80 6.21
FRL 123.70 131.55 5.97
Top Nifty Gainers (Weekly)
Scrip Price
P.
Close
%
CENTURYTEXT 393.45 335.10 17.41
ESSAROIL 68.50 58.70 16.70
TORRENTPOWER 118.90 103.90 14.44
IRBINFRA 131.25 114.75 14.38
HDIL 78.10 68.50 14.01
STOCK BUY/SELL COMMENTS
BHARTIARTL(FUT) SELL BELOW 307.40 TARGETS 300-292 SL 317.
JSWSTEEL BUY ABOVE 1146.70 TARGETS 1187-1230 SL 1089.
LAST UPDATE ACC FUT SELL CALL 1ST
TARGET ACHIEVED.
LAST UPDATE TECHM FUT BUY CALL NOT EXECUTED.
MARKET WATCH
CALLS OF THE WEEK

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BANKBARODA FUT HAD CLOSED ABOVE THE TRENDLINE ON WEEKLY CHARTS
AND BULLISH MOMENTUM IS EXPECTED TO CONTINUE.
BUY ABOVE 838 TARGETS 873-910. MAINTAIN SL OF 790.
NIFTY FUT.
TECHNICAL VIEW
WEEKLY PICK

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