The stock market experienced gains, led by defensive stocks, with the Nifty closing above 8450 and SBI reporting a 23% increase in Q4 net profits. Key changes included Tata Power replacing Lupin in the Sensex and Ceat Ltd showing a 50% rise in Q4 net profit. In technical analysis, the market faces resistance near 8500, with potential for declines if it falls below the crucial support level of 8350.

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25 MAY – 29 MAY 2015
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MARKET GOSSIPS
 Market ends higher led by defensive stocks; Nifty
ends above 8450.
 SBI Q4 net up by 23% stood at Rs 3742
crore. NPA improved.
 Tata Power will be replaced against Lupin in
Sensex. Lupin gains.
 MCX shares dips as FMC rejects proposal to
appoint Bala as MD.
 Ceat LTD reported 50% rise in Q4 net profit
at Rs 94 crore.
 Suven received product patents from Mexico
and Singapore.
 Adani group shares were in demand; Adani
Enterprises hits fresh high.
 Infinite locked with lower circuit on weak
FY16 guidance.

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Support & Resistance
CLOSE S2 S1 CRUCIAL POINT R1 R2
8452.05 8190 8290 8350 8530 8650
Weekly market view
Markets after previous week closing (reversal candlestick pattern) on
weekly charts favored the bulls with support of strong global markets
which pulled the indices to close with gain of more than 2%. Nifty future on
daily charts is running in downward channel pattern and closed near to the
resistance of upper band below the 100 day EMA. In the coming week, it is
likely to face strict resistance around 8500 and sharp selling can be seen
once it falls below the immediate and crucial support of 8350 and may drag
towards the next important support of 8260.
NIFTY WEEKLY

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DATE
FII
(Figures are in Rs. cr.)
DII
(Figures are in Rs. cr.)
18-MAY-15 -202.12 618.54
19-MAY-15 48.06 451.02
20-MAY-15 123.49 103.58
21-MAY-15 -186.26 404.01
22-MAY-15 211.42 237.62
Indices Change
INDEX VALUE PTS %
SENSEX 27957 633 2.31
NIFTY 8458 196 2.37
BANK NIFTY 18433 250 1.37
INDIA VIX 16.94 -2.87 -14.48
Top Nifty Losers ( Weekly)
Scrip Price P. Close %
NCC 84.70 101.95 16.92
JP ASSOCIATES 17.85 19.60 8.93
HDIL 106.75 115.95 7.93
PIDILITE IND 548.75 595.40 7.84
JK TYRE 111.7 120.70 7.46
Top Nifty Gainers (Weekly)
Scrip Price
P.
Close
%
STAR 1193.7 1024.0 16.57
JAIN IRRIGATION 65.20 57.45 13.49
VOLTAS 319 281.6 13.28
JUBILANT FOOD 1750.6 1569.6 11.53
APLLTD 541.6 489.2 10.71
STOCK COMMENTS
FRL(EQ) BUY ABOVE 125 TARGETS 128-131.20 SL 120.
LUPIN(EQ) BUY ABOVE 1747 TARGETS 1780-1820 SL 1695.
LAST UPDATE CAIRN FUT SELL CALL MADE LOW OF 195.20.(REC@ 197.75).
LAST UPDATE HINDPETRO EQ BUY CALL FINAL TARGET ACHEIVED.
MARKET WATCH
CALLS OF THE WEEK

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DRREDDY EQ LAST WEEK TRADED AROUND STRONG RESISTANCE LEVELS ON
DAILY CHARTS AND IS EXPECTED TO GIVE POSITIVE BREAKOUT.
BUY ABOVE 3693 TARGETS 3800-3920. MAINTAIN SL OF 3570.
NIFTY FUT.
TECHNICAL VIEW
WEEKLY
PICK

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