This weekly market report from Trifid Research summarizes market activity from September 10-13, 2013. Key points include the market rally continuing due to rupee recovery, Wall Street ending flat after jobs data while Syria concerns caused caution. Essar Ports is seeking shareholder approval to raise $1 billion. FII inflows for the week were positive while DII outflows increased. Bank Nifty had the largest weekly gain of over 10%. Stock buy/sell recommendations and analysis of Relcapital futures are also provided.

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10 Sept – 13 Sept 2013
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MARKET GOSSIPS
 Market rally continues on rupee
recovery.
 Wall St ends flat post jobs data;
Syria woes spur caution.
 Essar Ports seeks shareholder nod
to raise $1 billion.
 Sebi slaps Rs 1 lakh fine on API's
promoter.
 G-20 committed to early
conclusion of IMF quota reforms.
 Fund raising via primary market
surges 77 pc in July.

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Support & Resistance
CLOSE S2 S1 CRUCIAL POINT R1 R2
5697.80 5475 5570 5760 5840 5930
Weekly market view
Markets rallied in last week on account of strengthening in rupee and closed
on a strong note. Nifty future on daily charts may face resistance of 200 day
EMA of 5740 and it needs to sustain above this to lead towards resistance
around 5840. Any correction will find immediate support around 5570 below
which if it sustains then 5475 is seen as major support for the week. Volatility
may be seen due to IIP and Inflation data in the coming week.
NIFTY WEEKLY

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DATE
FII
(Figures are in Rs. cr.)
DII
(Figures are in Rs. cr.)
02-SEPT-13 475.92 -285.81
03-SEPT-13 -716.16 596.43
04-SEPT-13 172.53 -222.36
05-SEPT-13 1101.41 -492.82
06-SEPT-13 800.71 -238.53
Indices Change
INDEX VALUE PTS %
SENSEX 19270 651 3.49
NIFTY 5680 209 3.82
BANK NIFTY 9961 912 10.07
INDIA VIX 28.65 0.84 3.02
Top Nifty Losers ( Weekly)
Scrip Price P. Close %
PIPAVAV 40.65 57.95 29.85
CONCOR 712.95 1013.90 29.68
OBEROIREALTY 156.50 170.60 8.26
TATAPOWER 70.90 77 7.92
ADANIENT 136.45 146.75 7.02
Top Nifty Gainers (Weekly)
Scrip Price
P.
Close
%
MCX 448.10 338.30 32.46
ENGINEERSIND 168.15 129.05 30.30
YESBANK 292.75 225.90 29.59
RCOM 139.50 111.15 25.51
BEL 141.55 114.20 23.95
STOCK BUY/SELL COMMENTS
IDEA BUY ABOVE 163 TARGETS 166.50-170.50 SL 158.
MARUTI BUY ABOVE 1321.50 TARGETS 1354-3195 SL 1283.
LAST UPDATE ITC BUY CALL 1
ST
TARGET ACHIEVED.
LAST UPDATE RCOM BUY CALL BOTH TARGETS ACHIEVED.
MARKET WATCH
CALLS OF THE WEEK

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RELCAPITAL FUTURE ON DAILY CHARTS HAS FOUND RESISTANCE AROUND
100 DAY EMA OF 345 AND LOOKS BULLISH ABOVE THIS.
BUY ABOVE 346 TARGETS 368-390. MAINTAIN SL OF 320.
NIFTY FUT.
TECHNICAL VIEW
WEEKLY PICK

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