The weekly market report from Trifid Research provides the following information: - Indian markets gained for the second straight week after the government defended reforms, while inflation and industrial production numbers were mixed. - Specific company news is mentioned, including strong earnings from Eicher Motors and MCX, while JSW Steel and HDIL reported declines. - Support and resistance levels are given for key indices. The report recommends watching for a reversal pattern on weekly charts and support at 8,100. - FII and DII activity for the week is summarized. Index changes and top gainers and losers are also listed. - Specific stock buy and sell recommendations are made, and Kotak Bank is highlighted

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18 MAY – 22 MAY 2015
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MARKET GOSSIPS
 Markets gains for the second straight week after
govt defends reforms.
 April CPI tanks to 4.87%; March IIP stood at
2.1% against 5% in Feb.
 April WPI inflation dips 6 straight months to
-2.65% vs -2.33% in March.
 Eicher Motors hits fresh high on robust Q4
earnings.
 MCX gains after reported strong quarter
numbers; declares 100% dividend.
 STAR gains after received nod for
Lamivudine and Zidovudine tablets.
 JSW Steel Q4 dips 87% stood at Rs 62 crore;
operating profit tanks 33.5%.
 HDIL Q4 net profit decline 72 percent which
stood at Rs 31.89 crore.

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Support & Resistance
CLOSE S2 S1 CRUCIAL POINT R1 R2
8261.20 7960 8090 8400 8400 8530
Weekly market view
Markets witnessed a volatile week on back of mixed domestic data of IIP,
CPI & WPI but it was evident that buying on dips was constantly observed
in last few sessions which made the indices to close the week on positive
note. On daily charts, Nifty future is near to 200 day SMA surpassing which
it will face 8400 as crucial point as well as resistance for it. On, weekly
charts also reversal candlestick pattern formation indicates certain
correction. On lower side, if nifty slips below the major support of 8100
then it will again drag towards the next important support of 7960.
NIFTY WEEKLY

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DATE
FII
(Figures are in Rs. cr.)
DII
(Figures are in Rs. cr.)
11-MAY-15 169.97 328.57
12-MAY-15 -1329.43 1331.93
13-MAY-15 -71.20 254
14-MAY-15 -73.76 302.57
15-MAY-15 -38.31 563.6
Indices Change
INDEX VALUE PTS %
SENSEX 27324 219 0.80
NIFTY 8262 71 0.85
BANK NIFTY 18183 387 2.12
INDIA VIX 19.81 0.7 3.53
Top Nifty Losers ( Weekly)
Scrip Price P. Close %
PNB 147.4 156.15 5.60
NTPC 136.15 142.30 4.32
GATI 198.65 207.40 4.22
FINCABLES 250.60 261.0 3.98
VEDANTA 210.0 218.35 3.82
Top Nifty Gainers (Weekly)
Scrip Price
P.
Close
%
EICHER MOTORS 18707 14796 26.43
UNION BANK 164.85 131.50 25.36
JUBILANT FOOD 1747.9 1421.7 22.94
GUJRAT GAS 828.75 702.70 17.94
EMAMI LTD 1029.9
5
880.9 16.92
STOCK COMMENTS
CAIRN(FUT) SELL BELOW 197.75 TARGETS 192.50-187 SL 204.
HINDPETRO(EQ) BUY ABOVE 610 TARGETS 625-640 SL 592.
LAST UPDATE RELIANCE EQ BUY CALL NOT EXECUTED.
LAST UPDATE SUN TV EQ BUY CALL NOT EXECUTED.
MARKET WATCH
CALLS OF THE WEEK

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KOTAKBANK EQ HAS TAKEN CONSTANT SUPPORT OF 100 DAY EMA AND IS
EXPECTED TO LEAD TOWARDS HIGHER LEVELS.
BUY ABOVE 1352 TARGETS 1399-1450. MAINTAIN SL OF 1290.
NIFTY FUT.
TECHNICAL VIEW
WEEKLY
PICK

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