2. www.trifidresearch.com
MARKET GOSSIPS
Global cues boost Sensex, Nifty at records high.
Kotak Bank hits fresh high on acquisition of ING Vysya Bank.
Tech Mahindra acquires overseas firm LCC for USD 240 mn.
Cipla gains as inks pact with Serum Institute of India.
ICICI bank hits all time high; fixes record date for stock split.
Yes Bank gains 4% on FII limit hike.
3. www.trifidresearch.com
Support & Resistance
CLOSE S2 S1 CRUCIAL POINT R1 R2
8492.40 8220 8350 8600 8600 8670
Weekly market view
Markets moved in consolidation in first half of the week but positive global
markets and domestic cues pulled the indices to make record highs. Nifty
future finally hit the crucial 8500 mark and closed around it. On weekly
charts, trend line so joining higher highs is indicating that bulls may find
resistance around 8570-8600. On the other hand, five consecutive higher
highs and higher lows are seen since last five weeks which can result in
some correction as a result of profit booking and may find 8350 as strong
support for the week. Volatility is expected in the coming week due to F&O
Expiry.
NIFTY WEEKLY
4. www.trifidresearch.com
DATE FII (Figures are in Rs. cr.) DII (Figures are in Rs. cr.)
17-NOV-14
656.37
-247.86
18-NOV-14
-101.98
-232.42
19-NOV-14
71.80
-491.26
20-NOV-14
-477.15
101.62
21-NOV-14
122.50
137.59 Indices Change
INDEX
VALUE
PTS
%
SENSEX
28334
288
1.01
NIFTY
8477
88
1.03
BANK NIFTY
18056
480
2.65
INDIA VIX
13.85
-0.12
-0.86 Top Nifty Losers ( Weekly)
Scrip
Price
P. Close
%
ESSAR OIL
100.15
117.50
14.77
BAJAJ ELEC
216.05
244.70
11.71
GITANJALI GEMS
52.65
58.75
10.50
FRL
94.10
104.15
9.65
DEN
143.50
158.05
9.21
Top Nifty Gainers (Weekly)
Scrip
Price
P. Close
%
RECLTD
339.75
299.60
13.40
BOSCH LTD
18498
16354
13.11
BAYER CROP
3058.1
2713.4
12.70
UBL
774.50
694.70
11.49
SRF
899
807.95
11.27
STOCK COMMENTS
MOTHERSUMI(EQ)
BUY
ABOVE 450 TARGETS 460-470 SL 435.
VOLTAS(EQ)
BUY
ABOVE 281 TARGETS 287-294 SL 272.
LAST UPDATE
ADANIENT EQ BUY CALL SL TRIGGERED.
LAST UPDATE
BANKBARODA EQ BUY CALL 1ST TARGET ACHIEVED.
MARKET WATCH
CALLS OF THE WEEK
5. www.trifidresearch.com
YESBANK EQ HAD AGAIN SHOWED GOOD PULL BACK IN THE LAST SEESION OF
PREVIOUS WEEK AND IS NOW EXPECTED TO TEST RECORD HIGHS.
BUY ABOVE 712.50 TARGETS 735-762. MAINTAIN SL OF 682.
NIFTY FUT.
TECHNICAL VIEW
WEEKLY
PICK