EQUITY MARKET WEEKLY REPORTS 29-JULY-2013 TO 02AUG-2013

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INDEX ANALYSIS

NIFTY (5886) -21 SENSEX (19,748) -56

WEEKLY LEVELS : R1 6040, R2 6120 S1 5820 S2 5815 The market declined last week as investors sold shares after the central bank took additional steps to tighten liquidity to shore up the rupee. The market fell in three out of five trading sessions. Trading was volatile, with the S&P BSE Sensex rising to a 2-1/2 year high on Tuesday (23 July 2013), but slumping to a lowest levels in more than two weeks on Friday (26 July 2013). The 30-share S&P BSE Sensex fell 401.66 points or 1.99% to 19,748.19. The 50-unit CNX Nifty fell 143 points or 2.37% to 5,886.20.
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TOP PICKS OF THE WEEK

AXIS ( 1116): Remain below 1140 stock remain week, selling opportunity in stock for the target of 1090, 1050 SBIN (1810): selling opportunity for the target of 1780, 1740 as remain below 1880, above 1880 buy for the target of 1940 2000. PNB (630): Buy above 615 for the target of 645, 660.

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INDEX (FUTURE)

NIFTY (5926) profit booking is possible, now we may see 5850, 5800 level remain below 6120. once move above 6120 leve we may see 6200. BANKNIFTY (10,545): As we told you earlier that best strategy will be buy on dips we hope you followed us. More SELLING is expected above 100000.

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OPTIONS STRETEGY

From last few weeks call writing are more in trend then put buying. Fresh call writing seen in 6200 & 6300 call, so we can consider these level as a major resistance level. Because whenever markets are in bearish trend resistance are more important then supports. AXIS BANK 1250 calls & TCS 1800 calls are showing significant open interest so we can see some strong action in the stocks keep watching.

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not constitute an offer to sell or solicitation to buy any of the Securities mentioned. No representations can be made that recommendations contained herein will be profitable or they will not result in losses. Readers using the information contained herein are solely responsible for their actions. The information is obtained from sources deemed to be reliable but is not guaranteed as to accuracy and completeness. The above recommendations are based on FUNDAMENTAL ANALYSIS only.

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