The weekly market report summarizes the performance of the Indian markets from December 29th to January 2nd. Key points include: the Nifty ended the week flat with gains in IT shares and PSU banks; the cabinet approved ordinances on coal and insurance bills and raised import taxes on crude and refined oil; and tyre stocks dipped on higher rubber prices in Kerala. The markets showed sideways movement and closed with a nominal gain above the 100 day EMA. Immediate resistance is seen at 8350, with support at 8165.

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29 DEC 14 – 2 JAN 2015
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MARKET GOSSIPS
 Nifty ends on a flat note; IT shares
and PSU bank gains.
 Cabinet approves ordinance on
Coal, Insurance Bill; Reliance Capital
extend gains.
 Govt approved 100% FDI in
medical devices.
 Govt raised import tax on crude oil
and refined oil by 5%.
 Tyre stocks dips on reports of
higher rubber pricing in Kerala.
 Corporation Bank surged 5% on
record date for stock split.

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Support & Resistance
CLOSE S2 S1 CRUCIAL POINT R1 R2
8273.75 8000 8150 8400 8400 8480
Weekly market view
Markets showed sideways movement closed with nominal gain and able to
sustain above 100 day EMA. Now, immediate resistance is seen around
8350 closing above which may take it towards next resistance of 8500. As
holidays in world market low volatility expected in Indian markets. On
lower side 8165 is act as strong support for it below which it may test lower
band of upward channel pattern i.e. around 8080 closing below it may
result in breakout of upward channel pattern and may find next support in
range of 7950-7880.
NIFTY WEEKLY

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DATE
FII
(Figures are in Rs. cr.)
DII
(Figures are in Rs. cr.)
22-DEC-14 -335.24 389.12
23-DEC-14 -444.93 516.34
24-DEC-14 -2808.27 509.09
25-DEC-14 _ _
26-DEC-14 39.97 417.29
Indices Change
INDEX VALUE PTS %
SENSEX 27241 -130 -0.47
NIFTY 8200 -25 -0.30
BANK NIFTY 18557 79 0.42
INDIA VIX 14.64 0.13 0.88
Top Nifty Losers ( Weekly)
Scrip Price P. Close %
PNB 222.15 1085.80 79.54
BHARTI INFRATEL 330.40 348.85 5.29
JUBILANT LIFE 119.35 124.35 4.02
RCOM 80.45 83.15 3.25
FINOLEX IND 225.2 262.2 2.67
Top Nifty Gainers (Weekly)
Scrip Price
P.
Close
%
GUJARAT GAS 786.80 541.90 45.19
BF UTILITIES 658.75 488.15 34.95
FRL 101.55 81.10 25.22
DCB BANK 120.80 101.85 18.61
JINDAL ST & PWR 149.2 129.1 15.57
STOCK COMMENTS
AXISBANK(FUT) BUY ABOVE 508.75 TARGETS 523-540 SL 490.
SUNTV(EQ) BUY ABOVE 388.50 TARGETS 400-415 SL 370.
LAST UPDATE ACC FUT SELL CALL NOT EXECUTED.
LAST UPDATE HDFC EQ BUY CALL 1ST TARGET ACHIEVED.
MARKET WATCH
CALLS OF THE WEEK

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TVSMOTOR EQ ON DAILY CHARTS FORMS UPPER CONSOLIDATION AND
EXPECTED TO GIVE POSITIVE BREAKOUT IF GIVES CLOSING ABOVE 267.
BUY ABOVE 266.70 TARGETS 280-300.MAINTAIN SL OF 245.
NIFTY FUT.
TECHNICAL VIEW
WEEKLY
PICK

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