Markets ended nearly 1% lower for the week after hitting three-year highs, with the Nifty settling on a flat to negative bias due to profit-taking. Key stocks like ICICI Bank and ITC reported earnings that beat or met estimates. Technical indicators show the Nifty found support at 6050 but faces resistance at 6270, with volatility expected from upcoming RBI and F&O expiry events. The report recommends buying HDFC Bank futures above 683.50, targeting 698-715.

1. www.trifidresearch.com
H
R
E
W E E K L Y
P
28 Oct – 01 Nov 2013
O
R
T
www.trifidresearch.com

2. MARKET GOSSIPS
 Markets ended nearly 1% lower
in the week after hitting 3-year
highs.
 S&P 500 ends at record high,
boosted by tech results.
 ICICI Bank beats estimates, Q2
net up 20%.
 ITC Q2 net profit up 21.5% to Rs
2,230 cr, sales disappoint.
 Tata Global Beverages raises Rs
325 cr in debenture issue.
www.trifidresearch.com

3. NIFTY WEEKLY
Support & Resistance
CLOSE
S2
S1
CRUCIAL POINT
R1
R2
6151.55
5940
6050
6270
6270
6400
Weekly market view
Markets settled on a flat to negative bias due to profit booking after the
indices hitting three year highs. Nifty future on weekly charts was unable to
give a decisive breakout of Head & Shoulder pattern and closed below the
neckline. In the coming week, if it holds below the major support of 6050
then it may further fall towards the next support of 5950. While fresh buying
can be seen above 6270 which is seen as strong resistance for it. Key events
seen in ahead are RBI Monetary Policy and F&O Expiry due to which volatility
may be seen in markets.
www.trifidresearch.com

4. MARKET WATCH
DATE
FII
DII
(Figures are in Rs. cr.)
(Figures are in Rs. cr.)
21-OCT-13
1031.79
-724.10
22-OCT-13
794.90
-845.30
Indices Change
INDEX
VALUE
PTS
%
SENSEX
20683
-199
-0.95
NIFTY
6144
-45
-0.72
23-OCT-13
644.80
-545.57
BANK NIFTY
10896
152
1.41
24-OCT-13
991.83
-735.40
INDIA VIX
20.42
0.3
1.49
25-OCT-13
626.99
-497.95
Top Nifty Losers ( Weekly)
Top Nifty Gainers (Weekly)
Scrip
Price
SUZLON
10.76
GITANJALI
62.85
P.
Close
7.52
43.09
53.35
Scrip
Price
P. Close
MCX
459.55
512.85
10.39
17.81
FINANTECH
149.85
164
8.63
%
%
FEDERALBANK
80.25
69
16.30
BHEL
137.15
146.35
6.29
ADANIENT
193.80
166.80
16.19
IDEA
171.80
182.80
6.02
UBL
959.10
828.80
15.72
JINDALSTEEL
238.40
252.95
5.75
STOCK
BUY/SELL
CALLS OF THE COMMENTS
WEEK
CAIRN
SELL
SELL BELOW 312.65 TARGETS 308-303 SL 319.
TATAMTRDVR
BUY
ABOVE 191.50 TARGETS 194.50-198 SL 186.
LAST UPDATE
NMDC BUY CALL BOTH TARGETS ACHIEVED.
LAST UPDATE
ZEEL BUY CALL BOTH TARGETS ACHIEVED.
www.trifidresearch.com

5. WEEKLY PICK
NIFTY FUT.
TECHNICAL VIEW
HDFCBANK FUTURE AFTER FINDING SUPPORT NEAR 200 DAY SMA IS
EXPECTED TO GIVE A POSITIVE BREAKOUT ABOVE THE TREND LINE ACTING AS
RESISTANCE FOR IT.
BUY ABOVE 683.50 TARGETS 698-715. MAINTAIN SL OF 668.
www.trifidresearch.com

6. DISCLAIMER
WWW.TRIFIDRESEARCH.COM
www.trifidresearch.com

7. www.trifidresearch.com