2. MARKET GOSSIPS
India's Forex reserves jump
USD 2.70 bn.
GDP grows better-thanexpected 4.8% in Sept quarter.
Asian shares edge up; Nikkei
posts best Nov since 2005.
BSE to drop Dena Bank, Vijaya
Bank from SLB segment from Dec
2.
Power Grid FPO to hit mkt on
Dec 3; priced at Rs 85-90/share.
www.trifidresearch.com
3. NIFTY WEEKLY
Support & Resistance
CLOSE
S2
S1
CRUCIAL POINT
R1
R2
6225.50
5900
6030
6310
6310
6400
Weekly market view
Markets moved in tight range for most part of the week due to F&O Expiry
and bounced in the last session and closed on a strong note. Nifty future on
weekly charts took support of 21 day EMA last week and sustained on higher
side this week. If the positive momentum continues then in coming weeks
major resistance is seen around the trend line as shown in chart above i.e.
around 6400. While on lower side, 6000 is seen as the crucial support below
which selling pressure is expected. However, index is likely to move in the
range of 6100-6280 in the coming week.
www.trifidresearch.com
4. MARKET WATCH
DATE
Indices Change
INDEX
VALUE
PTS
%
FII
DII
(Figures are in Rs. cr.)
(Figures are in Rs. cr.)
25-NOV-13
837.80
-792.43
26-NOV-13
-339.16
-356.90
SENSEX
20791
574
2.83
NIFTY
6176
181
3.01
27-NOV-13
-48.53
-58.13
BANK NIFTY
11153
476
4.45
28-NOV-13
102.91
330.51
INDIA VIX
21.38
1.34
6.68
29-NOV-13
745.16
-101.76
Top Nifty Losers ( Weekly)
Top Nifty Gainers (Weekly)
124.65
P.
Close
102.10
22.09
53.80
46.60
CROMPTONGREAV
124.65
JAYPEEINFRA
BHEL
Price
P. Close
WOCKPHARMA
425.20
499
14.79
15.45
PIPAVAV
45.55
50.15
9.17
108.50
14.88
JETAIRWAYS
302.75
325.40
6.96
21.55
18.80
14.63
NESTLE
5137.30
5491.65
6.45
156.05
137.15
13.78
GMRINFRA
21.65
5.54
Scrip
Price
TORRENTPOWER
JPASSOCIATES
STOCK
BUY/SELL
%
Scrip
20.45
CALLS OF THE COMMENTS
WEEK
ARVIND
BUY
ABOVE 130 TARGETS 133-136 SL 125.
FEDERALBANK
BUY
ABOVE 80.50 TARGETS 83.50-87 SL 76.
LAST UPDATE
AUROPHARMA BUY CALL BOTH TARGETS ACHIEVED.
LAST UPDATE
COALINDIA SELL CALL CLOSED ABOVE COST.
www.trifidresearch.com
%
5. WEEKLY PICK
NIFTY FUT.
TECHNICAL VIEW
TATAMTRDVR FUTURE FOUND SUPPORT OF 21 DAY EMA ON DAILY CHARTS
AND IS EXPECTED TO CONTINUE BULL RALLY AND CROSS ITS ALL TIME HIGHS.
BUY ABOVE 211.80 TARGETS 221-232. MAINTAIN SL OF 198.
www.trifidresearch.com
