The weekly market report summarizes the performance of key indices and stocks over the period from October 14-18, 2013. The key points are: - Indian markets gained 3% for the week on a sentiment boost from the RBI and strong earnings from Infosys. - The Nifty futures chart is exhibiting a head and shoulders pattern, indicating resistance around 6200 which is a crucial level - a sustained move above this could push the index higher to 6240-6300, while a reversal could see a correction to 6000-5950. - Among recommendations, Axis Bank futures is seen as poised to break out above 1129 with targets of 1165-1200, while maintaining a stop loss of

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14 Oct – 18 Oct 2013
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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.

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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

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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

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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

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