US stocks pause as dollar rose on Fed comments and worsening Ukraine tensions.

1. 25 August – 28 August 2014
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MARKET GOSSI PS
Nifty hits highest close ever; banks
soar, IT rallied.
US stocks pause as dollar rose on
Fed comments and worsening
Ukraine tensions.
IT shares surged on firm US
economic data; Infy, TCS gains.
United Spirits dips; excluded from
derivatives trading.
Jewellery stocks rallied on hopes of
export orders.

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Support & Resistance
CLOSE S2 S1 CRUCIAL POINT R1 R2
7927.55 7700 7810 8000 8050 8150
NI FTY WEEKLY

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Weekly market view
Markets broke all previous records and scaled new record highs due to
boosted Banking stocks and weakness in dollar. Nifty future on weekly
charts gave breakout after few weeks’ consolidation and closed strongly
above it. Immediate psychological resistance is seen near 8000 i.e. around
the trend line as shown in chart above and sustaining above this mark can
result in continuation of bulls. While on concerns of geopolitical worries
and profit booking; if some correction is seen then 7810 may act as
important support closing below which may drag towards 7770-7750.

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DATE
FII
(Figures are in Rs. cr.)
DII
(Figures are in Rs. cr.)
18-AUG-14 473.42 490.04
19-AUG-14 559.39 -263.37
20-AUG-14 251.36 -481.37
21-AUG-14 412.77 63.74
22-AUG-14 302.06 -183.64
Indices Change
INDEX VALUE PTS %
SENSEX 26419 316 1.19
NIFTY 7913 122 1.54
BANK NIFTY 15819 760 4.80
INDIA VIX 13.62 0.4 2.93
Top Nifty Losers ( Weekly)
Scrip Price P. Close %
BHUSHAN STEEL 124.35 168.90 26.38
HDFC 1044.6 1140.9 8.44
BHARTI INFRATEL 256.00 266.75 4.03
ITC 343.70
356.45 3.58
EICHER MOTORS 9994.30 10363.15 3.56
Top Nifty Gainers (Weekly)
Scrip Price P.
Close
%
TTK PRESTIGE 4389.6 3746.4 17.17
JUBILANT FOOD 1309.3 1122.9 16.60
UNION BANK 220.65 189.70 16.32
BERGER PAINTS 342.20 296.85 15.28
INDIAN BANK 153.05 133.70 14.47
STOCK COMMENTS
HDFCBANK(EQ) BUY ABOVE 850 TARGETS 868-888 SL 825.
INFY(EQ) BUY ABOVE 3630 TARGETS 3700-3780 SL 3540.
LAST UPDATE ACC FUT BUY CALL 1ST
TARGET ACHIEVED.
LAST UPDATE CENTURYTEX EQ BUY CALL MADE HIGH OF 608.75(REC @ 595).
MARKET WATCHMARKET WATCH
CALLS OF THE WEEK

6. BHARATFORG EQ IS RUNNING ON STRONG BULL RALLY WHICH IS EXPECTED
TO CONTINUE IF IT GIVES POSITIVE BREAKOUT.
BUY ABOVE 785 TARGETS 815-845. MAINTAIN SL OF 750.
NIFTY FUT.
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TECHNICAL VIEW
WEEKLY PICK

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