This weekly market report summarizes the performance of key indices and stocks for the week of November 11th to 15th, 2013. The Nifty consolidated after reaching all-time highs and closed lower for the week. Foreign institutional investors were net buyers of stocks while domestic institutional investors were net sellers. JSW Steel and Recl Ltd are recommended as buy opportunities based on technical analysis.

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H
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W E E K L Y
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11 Nov – 15 Nov 2013
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2. MARKET GOSSIPS
 Weekly: Markets consolidate
after touching all-time highs.
 Wall Street stocks, dollar rally on
US jobs report.
 Tata Motors Q2 net up 71%, JLR
margin expands 300 bps.
 JSW Steel crude steel production
jumps 39% in October.
 Sun TV Q2 earnings rise 11.9%,
but misses estimates.
 CCEA approves FPO proposal for
Power Grid.
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3. NIFTY WEEKLY
Support & Resistance
CLOSE
S2
S1
CRUCIAL POINT
R1
R2
6186.60
5960
6080
6050
6280
6400
Weekly market view
Markets settled on lower note after testing all time highs last week as profit
booking was seen on higher levels. Nifty future on weekly charts has
exhibited higher highs since last five weeks and hence major correction was
seen last week which dragged index towards the major support of 6200.
Now, crucial point is seen near 6050 which will also act as strong support in
the coming week. Whereas on higher side, strength can be seen only if it
sustains above immediate resistance of 6280. Volatility is expected due to IIP
and Inflation data in the coming week.
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4. MARKET WATCH
DATE
FII
DII
(Figures are in Rs. cr.)
(Figures are in Rs. cr.)
04-NOV-13
-
-
05-NOV-13
162.53
-683.96
Indices Change
INDEX
VALUE
PTS
%
SENSEX
20666
-530
-2.50
NIFTY
6140
-167
-2.64
06-NOV-13
271.70
-545.20
BANK NIFTY
10913
-715
-6.14
07-NOV-13
479.24
-715.07
INDIA VIX
19.64
1
5.36
08-NOV-13
412.03
-915.63
Top Nifty Losers ( Weekly)
Top Nifty Gainers (Weekly)
96
P.
Close
73.50
30.61
UBL
220
173.10
27.09
AUROPHARMA
260.45
218.30
ANDHRABANK
63.85
OBC
181.45
Scrip
Price
INDIANBANK
BANKINDIA
STOCK
BUY/SELL
Scrip
Price
P. Close
782.90
945.70
17.21
SUZLON
9.22
10.20
9.61
19.31
DABUR
163.25
179.15
8.88
53.85
18.57
SRTRANSFIN
564
617.30
8.63
153.25
18.40
AXISBANK
1118.40
1221.95
8.47
%
CALLS OF THE COMMENTS
WEEK
JSWSTEEL
BUY
ABOVE 895 TARGETS 923-953 SL 860.
RECLTD
BUY
ABOVE 213 TARGETS 219-226 SL 204.
LAST UPDATE
CAIRN SELL CALL 1ST TARGET ACHIEVED.
LAST UPDATE
TATAMTRDVR BUY CALL BOTH TARGETS ACHIEVED.
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%

5. WEEKLY PICK
NIFTY FUT.
TECHNICAL VIEW
LT FUTURE HAS RESISTED AROUND 994 WHICH IS EXPECTED TO CROSS AND
ALSO LOWER LOWS ARE SEEN ON DAILY CHARTS INDICATING UP MOVE.
BUY ABOVE 994 TARGETS 1021-1050. MAINTAIN SL OF 959.
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