2. www.trifidresearch.com
MARKET GOSSIPS
Market gains to hit new 3 months closing high; Nifty
above 8600 level.
ACC reported 45% dips in Q2 net profit stood at Rs
133.50 crore.
Motherson Sumi hits fresh high on the back of strong
European car sales.
Bharti Infratel shares rise on reports of acquiring
telecom towers.
CRISIL profit up by 11% at Rs 52.2 crore for June
quarter.
Shares of Crompton Greaves gains as bagged new
orders.
INOX Leisure gains as net profit rise to 22.56 crore
on the back of higher sales.
Shares of TWL gains 8% buys Italy's coach
manufacturing company.
3. www.trifidresearch.com
Support & Resistance
CLOSE S2 S1 CRUCIAL POINT R1 R2
8625.05 8360 8490 8750 8750 8870
Weekly market view
Markets gave a good start to the previous week and continuous rally was
seen on back of positive news from Greece as it accepted the reforms and
appreciating rupee which made the indices to close above its three month
highs. Nifty future on weekly charts had moved above the upper band of
channel surpassing its important resistance levels of 8600. If it sustains on
current levels then next crucial mark for the index is seen near 8750. On
the other hand, any closing below 8500 can be a weak signal which can
result in dragging towards the next support of 8360. Quarterly earnings of
major companies in coming week can affect the volatility.
NIFTY WEEKLY
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DATE
FII
(Figures are in Rs. cr.)
DII
(Figures are in Rs. cr.)
13-JULY-15 527.98 -171.55
14-JULY-15 269.90 -130.90
15-JULY-15 407.69 -50.38
16-JULY-15 745.81 -98.51
17-JULY-15 605.56 -175.15
Indices Change
INDEX VALUE PTS %
SENSEX 28463 802 2.81
NIFTY 8609 249 2.89
BANK NIFTY 19105 386 2.02
INDIA VIX 14.8 -2.27 -15.33
Top Nifty Losers ( Weekly)
Scrip Price P. Close %
INDIACEM 87.75 94.85 7.49
JUST DIAL 1094.55 1177.60 7.05
GRUH 240.30 253.65 5.26
BAJAJ ELEC 279.05 291.50 4.27
SUN TV 267.65 278.50 3.90
Top Nifty Gainers (Weekly)
Scrip Price
P.
Close
%
NIIT TECH 476.50 385.65 23.56
KPIT TECH 110.90 93.10 19.12
RAJESHEXPO 446.95 375.60 19.00
DEN 166.00 140.50 18.15
PVR LTD 779.70 687.30 13.44
STOCK COMMENTS
BPCL(EQ) BUY ABOVE 953 TARGETS 973-995 SL 928.
HAVELLS(FUT) BUY ABOVE 313.25 TARGETS 320-327 SL 302.
LAST UPDATE DRREDDY EQ BUY CALL 1ST TARGET ACHIEVED.
LAST UPDATE RELIANCE EQ BUY CALL MADE HIGH OF 1031.15. (REC @ 1020.)
MARKET WATCH
CALLS OF THE WEEK
5. www.trifidresearch.com
ICICIBANK EQ HAS BEEN MOVENG ABOVE THE TREND LINE AND IS EXPECTED
TO GIVE BREAKOUT OF ROUGH HEAD & SHOULDER PATTERN.
BUY ABOVE 321 TARGETS 333-345.MAINTAIN SL OF 305.
NIFTY FUT.
TECHNICAL VIEW
WEEKLY
PICK
