This weekly market report from Trifid Research provides an overview of the Indian stock market for the week of September 1-5, 2014. Key points include the Sensex hitting a fresh high supported by foreign institutional buying, gains in oil and gas and railway stocks due to changes in regulations, and a forecast that the market may consolidate in the coming week with key volatility events.

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01 Sept– 05 Sept 2014
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MARKET GOSSIPS
 Sensex hits fresh time high on FII buying; Nifty ends above 7950 in Aug series.
 Havells India surged 16% in past 2-days post stock split.
 Oil and Gas Stocks surged after govt. eases norms on LPG.
 Railway Stocks surged after Govt. notifies FDI liberalization.
 UCO bank dips after FinMin orders forensic audit.

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Support & Resistance
CLOSE S2 S1 CRUCIAL POINT R1 R2
7986.40 7810 7900 7900 8050 8180
Weekly market view
Markets sustained on higher levels last week although in a consolidated
manner and closed on higher note. Nifty future on weekly charts resisted
around the trend line as shown in the chart above and sustaining above
8000 mark will only confirm its breakout where next resistance may be
seen around 8100. On the other hand, if reversal from this trend line is
seen then correction is expected towards the crucial point of 7900. Indices
are likely to consolidate in the coming week and key events affecting
volatility ahead is HSBC Manufacturing PMI Index on Monday.
NIFTY WEEKLY

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DATE FII (Figures are in Rs. cr.) DII (Figures are in Rs. cr.)
25-AUG-14
127.33
45.71
26-AUG-14
364.72
-259.18
27-AUG-14
290.18
236.99
28-AUG-14
-710.63
730.43
29-AUG-14
_
_ Indices Change
INDEX
VALUE
PTS
%
SENSEX
26638
219
0.82
NIFTY
7954
41
0.52
BANK NIFTY
15740
-79
-0.50
INDIA VIX
13.06
-0.56
-4.28 Top Nifty Losers ( Weekly)
Scrip
Price
P. Close
%
HAVELLS IND
283.70
1252.9
77.36
BHUSHAN STEEL
101.35
137.70
26.40
JINDAL POWER
233.25
297.55
21.61
JP POWER
14.20
16.90
15.98
ADANI POWER
46.65
55.45
15.87
Top Nifty Gainers (Weekly)
Scrip
Price
P. Close
%
BHARAT ELEC
2058.8
1789.2
15.07
BAJAJ FIN
1050.1
928.65
13.08
PIDILITE IND
409.9
366.30
11.90
INDIAN HOTELS
96.35
86.15
11.84
TTK PRESTIGE
4671.7
4194.5
11.38
STOCK COMMENTS
CIPLA(EQ)
BUY
ABOVE 517.50 TARGETS 529-541 SL 500.
TITAN(EQ)
BUY
ABOVE 370.50 TARGETS 382-395 SL 355.
LAST UPDATE
HDFCBANK EQ BUY CALL CLOSED BELOW COST.
LAST UPDATE
INFY EQ BUY CALL MADE HIGH OF 3650 (REC @ 3630).
MARKET WATCH
CALLS OF THE WEEK

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AUROPHARMA FUTURE HAS BEEN CONSOLIDATING NEAR RECORD HIGHS
AND BULLS MAY FURTHER CARRY IT TOWARDS NEW HIGHS.
BUY ABOVE 835 TARGETS 860-885. MAINTAIN SL OF 802.
NIFTY FUT.
TECHNICAL VIEW
WEEKLY PICK

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