This weekly market report from Trifid Research provides an overview of the market and notable company news from the week of September 2nd to 6th, 2013. Key points include the Sensex gaining 100 points as the rupee rebounded, Wall Street ending the worst month since May 2012, and Q1 GDP coming in at 4.4%. The report also includes stock recommendations, noting Hexaware as a buy above 130 with targets of 136-143.

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02 Sept – 06 Sept 2013
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MARKET GOSSIPS
 Weekly: Sensex gains 100 pts as
Rupee rebounds.
 Wall Street falls, ends worst
month since May 2012.
 Q1 GDP at 4.4% vs 4.8% (QoQ);
consumption demand down.
 Cooper Tire stockholders to vote
on Apollo deal in Sept.
 Jindal Steel share tanks over 9%;
mcap dips by Rs 2,015 cr on
buyback plan.

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Support & Resistance
CLOSE S2 S1 CRUCIAL POINT R1 R2
5456.75 5200 5330 5560 5630 5760
Weekly market view
Markets were much affected by rupee volatility last week and weakness in
rupee dragged indices towards deeper supports but gained in last few
sessions and closed on a satisfactory note. Nifty future on weekly charts is
exhibiting the reversal pattern which indicates certain correction where 5630
will act as stiff resistance around the trend line while global markets and
rupee volatility are playing key events in markets. If it holds below 5330 then
again nifty will come in weak zone below which 5200 will act as major
support for the week.
NIFTY WEEKLY

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DATE
FII
(Figures are in Rs. cr.)
DII
(Figures are in Rs. cr.)
26-AUG-13 -607.43 409.99
27-AUG-13 -1373.99 480.50
28-AUG-13 -1120.43 506.78
29-AUG-13 -248.18 -75.80
30-AUG-13 -78.85 731.07
Indices Change
INDEX VALUE PTS %
SENSEX 18619 100 0.53
NIFTY 5471 0 0
BANK NIFTY 9049 -421 -4.44
INDIA VIX 27.81 2.06 8
Top Nifty Losers ( Weekly)
Scrip Price P. Close %
IDFC 80.90 101.75 20.49
PIPAVAV 52.35 64.35 18.65
ADANIENT 141.50 165.25 14.37
AXISBANK 835.75 969.85 13.83
FINANTECH 114.05 132.20 13.73
Top Nifty Gainers (Weekly)
Scrip Price
P.
Close
%
MCX 372.95 278.40 33.96
SESAGOA 187.30 155.45 20.49
NALCO 33.55 29.00 15.69
M&M FIN 252.70 219.05 15.36
HCLTECH 1038.2 902.90 14.99
STOCK BUY/SELL COMMENTS
ITC BUY ABOVE 312.50 TARGETS 322.50-333 SL 299.
RCOM BUY ABOVE 124.40 TARGETS 129.50-135 SL 118.
LAST UPDATE DISHTV SELL CALL 1
ST
TARGET ACHIEVED.
LAST UPDATE HINDUNILVR BUY CALL SL TRIGGERED.
MARKET WATCH
CALLS OF THE WEEK

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HEXAWARE IS RUNNING IN BULL TREND AND CONSOLIDATING AROUND
HIGHER LEVELS WHICH IS EXPECTED TO LEAD TOWARDS HIGHER LEVELS.
BUY ABOVE 130 TARGETS 136-143. MAINTAIN SL OF 122.
NIFTY FUT.
TECHNICAL VIEW
WEEKLY PICK

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