Equity weekly-technical-report-09-dec-to-13-dec
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The weekly market report summarizes the performance of key stock indices and provides a technical analysis of market trends. The Sensex ended slightly higher while the Bank Nifty surged over 4%. In the US, jobless rates fell to a 5-year low. The report recommends buying the HDFC Bank future above 695 with price targets of 715-735 and a stop loss of 669. Key events in the coming week include state election results and economic data releases.
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Equity weekly-technical-report-09-dec-to-13-dec
- 1. www.trifidresearch.com H R E W E E K L Y P 09 Dec – 13 Dec 2013 O R T www.trifidresearch.com
- 2. MARKET GOSSIPS Sensex ends slightly higher; Bank Nifty surges over 4%. Wall Street jumps on jobs; Dow, S&P end lower for the week. US jobless rate falls to 5-year low of 7 per cent in November. Tata Sons plans to raise at least Rs 3 billion via bonds. Sale of Power Grid gets bids for 6.7 times stock on offer. www.trifidresearch.com
- 3. NIFTY WEEKLY Support & Resistance CLOSE S2 S1 CRUCIAL POINT R1 R2 6225.50 6030 6180 6400 6400 6500 Weekly market view Markets moved indecisively last week and could not move in a particular direction and closed on a flat to positive note. In the coming week market is likely to be affected by domestic political cues and hence much volatility is expected. Nifty future on weekly charts is expected to test the trend line acting as strong resistance of 6400 and sustaining above which may lead to new highs. While on lower side, major support from current levels seen is 6180. Key events apart from election results are IIP & Inflation data. www.trifidresearch.com
- 4. MARKET WATCH DATE FII DII (Figures are in Rs. cr.) (Figures are in Rs. cr.) 02-DEC-13 790.97 -618.20 03-DEC-13 516.59 -671.26 Indices Change INDEX VALUE PTS % SENSEX 20996 205 0.98 NIFTY 6259 83 1.34 04-DEC-13 52.11 -18.05 BANK NIFTY 11720 567 5.08 05-DEC-13 1151.51 -674.02 INDIA VIX 22.21 0.83 3.88 06-DEC-13 863.77 -743.93 Top Nifty Losers ( Weekly) Top Nifty Gainers (Weekly) ORIENTBANK 210.95 P. Close 179.25 ADANIPOWER 40.30 34.40 17.15 GODREJCONS NMDC 143.05 124.65 14.76 WOCKPHARMA 400.65 423.85 5.47 GUJMINERAL 116.50 101.60 14.67 MCX 450.55 476.15 5.38 JPPOWER 20.25 17.70 14.41 FINANTECH 159.45 168.45 5.34 Scrip STOCK Price BUY/SELL Scrip Price P. Close 17.68 STRIDESACROLAB 861.65 964.55 10.67 830 899.95 7.77 % CALLS OF THE COMMENTS WEEK HCLTECH BUY ABOVE 1140 TARGETS 1165-1190 SL 1105. LICHSGFIN SELL BELOW 202.50 TARGETS 199-195 SL 208. LAST UPDATE ARVIND BUY CALL 1ST TARGET ACHIEVED. LAST UPDATE FEDERALBANK BUY CALL CLOSED AROUND COST. www.trifidresearch.com %
- 5. WEEKLY PICK NIFTY FUT. TECHNICAL VIEW HDFCBANK FUTURE ON WEEKLY CHARTS HAD FACED CONSTANT RESISTANCE AROUND TREND LINE WHICH SEEMS TO GIVE A POSITIVE BREAKOUT. BUY ABOVE 695 TARGETS 715-735. MAINTAIN SL OF 669. www.trifidresearch.com