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R E E K L Y W E P 07 April 11 April 2014 O R T

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MARKET GOSSIPS

Weekly wrap: Indices end flat; investors book profits post record highs. Wall Street dips as momentum stocks drag; Nasdaq slumps. NMDC, SAIL plan big capex of around Rs 13000cr for FY15. Liberty shoes merges subsidiary; eyes 40% turnover growth. Natco Pharma shares up after Teva's Copaxone plea is rejected.
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NIFTY WEEKLY

Support & Resistance

CLOSE 6744.20 S2 6530 S1 6650 CRUCIAL POINT 6800 R1 6820 R2 6900

Weekly market view

Markets closed flat for the week as benchmark indices mainly consolidated in a range although hit record highs. Nifty future was unable to surpass the psychological resistance mark of 6800 and profit booking was mainly seen around higher levels. It seems that markets may consolidate a bit as mood remains still positive. Fresh breakouts are expected if it holds above 6800 and on lower side support is seen around 6650. Key events for the week ahead are IIP data on Friday and political domestic cues.

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MARKET WATCH

Indices Change
INDEX VALUE PTS %

DATE
31-MAR-14 01-APR-14 02-APR-14 03-APR-14 04-APR-14

(Figures are in Rs. cr.)

FII

(Figures are in Rs. cr.)

DII

942.86 385.66 594.67 717.39

-611.22 -247.88 -471.78 -716.57

SENSEX NIFTY BANK NIFTY INDIA VIX

22359 6694 12551 22.68

20 -1 -203 4.05

0.08 -0.01 -1.59 21.73

232.46

-1125.06

Top Nifty Gainers (Weekly)

Scrip Price 69.45 606.90 15.36 54.05 459.55

Top Nifty Losers ( Weekly)

% 39.74 38.50 33.45 30.71 29.52 Scrip Price 183.95 345.10 914.85 198.25 362.60 P. Close 195.15 359.00 946.45 205 373.40 %
5.74 3.87 3.34 3.29 2.89

HDIL WOCKHARDT UNITECH ADANIPOWER RANBAXY

P. Close 49.70 438.20 11.51 41.35 354.80

BHEL ITC CONCOR BHARTIINFRATEL GAIL

STOCK
ARVIND(EQ) SSLT LAST UPDATE LAST UPDATE

BUY/SELL
BUY BUY

CALLS OF THE COMMENTS WEEK

ABOVE 182.80 TARGETS 189-.50-197 SL 172. ABOVE 194 TARGETS 202-212 SL 182. APOLLOTYRE EQ BUY CALL 1 TARGET ACHIEVED. AXISBANK FUT BUY CALL SL TRIGGERED.
ST

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WEEKLY PICK NIFTY FUT.

TECHNICAL VIEW

BHARATFORGE FUT HAD BEEN RUNNING IN A BULL RALLY AND MAY EXTEND TO MORE GAINS IF GIVES A POSITIVE BREAKOUT. BUY ABOVE 433.65 TARGETS 444-455. MAINTAIN SL OF 419.

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