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Transcript of Free Equity Market Weekly News

www.trifidresearch.com
28 July – 01 AUGUST 2014
H
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W E E K L Y
R
E
P
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T

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MARKET GOSSIPS
Markets snap 8-day winning
streak: Nifty ends below 7800.
Biocon dips as much as; Q1
growth lags estimates.
Cairn India hits 11-month low;
about to lend 1.25$ billion to its
parent company.
Wipro dips on post Q1 results.
TCS on its all time high; market
value crosses Rs 5 trillion.
LIC Q1 net profit rises 3.8%.

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Support & Resistance
CLOSE S2 S1 CRUCIAL POINT R1 R2
7785.70 7510 7620 7670 7900 8020
Weekly market view
Markets continued the last week bull rally and headed to make record
highs for the whole week except last session where some profit booking
was seen. Nifty future was able to sustain above 7700 for whole week and
resisted around 7840. If momentum continues then it may face strict
resistance near the trend line on daily charts as shown above around 7900
while continuous higher highs may result in some correction where 7670
act as crucial point and support closing below which may further drag it
towards lower side. Volatility may be seen due to F&O Expiry.
NIFTY WEEKLY

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DATE FII
(Figures are in Rs. cr.)
DII (Figures are in Rs. cr.)
21-JULY-14 161.17 -181.16
22-JULY-14 412.03 59.23
23-JULY-14 652.40 -292.09
24-JULY-14 282.44 -290.35
25-JULY-14 125.51 -210.02
Indices Change
INDEX VALUE PTS %
SENSEX 26126 485 1.85
NIFTY 7790 127 1.63
BANK NIFTY 15322 -67 -0.43
INDIA VIX 14.22 -0.87 -6.1
Top Nifty Losers ( Weekly)
Scrip Price P. Close %
IPCA LABS 718.90 860.60 16.47
JP ASSOCIATE 59.25 68.20 13.12
CAIRN 309.00 347.05 10.96
HDIL 88.05 98.10 10.24
JP INFRA 33.35
37.10 10.11
Top Nifty Gainers (Weekly)
Scrip Price P.
Close %
FINANCIAL TECH 348.00 277.40 25.45
WOCKPHARMA 720.00 602.85 19.43
GLENMARK 637.00 564.55 12.83
ASIAN PAINT 636.85 579.95 9.81
TCS 2610 2381.1 9.61
STOCK BUY/SELL COMMENTS
CIPLA(EQ) BUY ABOVE 447.80 TARGETS 457.80-467.80 SL 434.
TATASTEEL(EQ) BUY ABOVE 580 TARGETS 595-610 SL 560.
LAST UPDATE MOTHERSUMI(EQ) BUY CALL NOT EXECUTED.
LAST UPDATE PETRONET(EQ) BUY CALL NOT EXECUTED.
MARKET WATCH MARKET WATCH
CALLS OF THE WEEK

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HCLTECH EQ HAD STRONGLY CLOSED NEAR RECORD HGHS AND IF BULLISH
MOVEMENT CONTINUES THEN IT MAY TEST NEW HIGHS.
BUY ABOVE 1590 TARGETS 1650-1710. MAINTAIN SL OF 1510.
NIFTY FUT.
TECHNICAL VIEW
WEEKLY PICK

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