Weekly report 24 apr 2015

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Transcript of Weekly report 24 apr 2015

Page 1: Weekly report 24 apr 2015

WEE

WEEKLY REPORT

Page 2: Weekly report 24 apr 2015

WEE

WEEKLY REPORT

PIVOT NIFTY

SCRIPT R4 R3 R2 R1 P S1 S2 S3 S4

NIFTY 9437 9091 8745 8525 8399 8179 8053 7707 7361

- - -

- - -

- - -

Weekly Wrap: - Indian equity markets tumbled during

the week ended Friday, 24 April 2015, on selling by

foreign portfolio investors (FPIs). The issue of payment of

minimum alternate tax (MAT) by FPIs continued to weigh

on investor sentiment even as the finance ministry

clarified that MAT would not be applicable to the entities

based in countries having double taxation avoidance pacts

with India. Forecast of below normal rainfall this year

from India's weather office also dampened market mood.

The barometer index, the S&P BSE Sensex, fell below the

psychological 28,000 mark. The Sensex declined in four

out of five trading sessions in the week ended Friday, 24

April 2015.

On The F&O Front : - Weekly data shows in the past trading sessions, we have seen strong Call writing in 8600/8500/8400 strikes & major Put build up at 8300\8400\8500 strikes indicating a positive bias for market, in the near term. On the Call front 8600 & on the Put front 8300 has the maximum OI. 8500 is playing the strong resistance for upside. On Technical Front: - On Nifty weekly chart strong support is seen at 8300 if it breaks with high volume, more bearishness is expected. Nifty Directional: - Sell Nifty Future Below 8300 Target 8250, 8200 Stop Loss 8400. Time Frame: - 1 Week

MOVING AVERAGE NIFTY

5 DAY 8315

20 DAY 8348

50 DAY 8401

100 DAY 8355

200 DAY 8274

RANGE FOR THE WEEK 8200-8600

STRONG SUPPORT 8370-8410

STRONG RESISTANCE 8320-8280

EVENT THIS WEEK

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WEEKLY REPORT

WEEKLY STOCK RECOMMENDATION: GLENMARK

THE FORMATION OF SYMMETRICAL TRIANGLE ON DAILY CHART OF GLENMARK SHOWS IF

BREAKOUT COMES ABOVE 909 THEN IT WILL FURTHER GOES UPTO 920-925.

-0.78

-1.34

0.16

-1.3

0.39

-2.79

2.07

-1.61

-0.68

-1.53

-4

-5

-4

-3

-2

-1

0

1

2

3

AUTO BANK ENERGY FINANCE FMCG IT MEDIA METAL PHARMA PSU

BANK

REALTY

SECTORAL UPADTE

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WEEKLY REPORT

WEEKLY STOCK RECOMMENDATION

SELL ARVIND FUTURE BELOW 255 TARGETS 250,245,240 STOPLOSS 265

SELL ALBK FUTURE BELOW 99 TARGETS 97,95,93 STOPLOSS 103

BUY TATASTEEL FUTURE ABOVE 375 TARGETS 385,395,405 STOPLOSS 355

SELL UCO BANK FUTURE BELOW 63.5 TARGETS 62.5,61.5,60.5 STOPLOSS 65.5

NIFTY OPTION TOTAL OI

Among Nifty Options the 8300 Put has the highest open interest of 2.28 Crore followed by the 8400 put with 1.89

Crore OI, while the 8600 Call has the highest OI of 2.33 crores followed by the 8500 Call with 2.25 crores.

INDIA VIX

0

5000000

10000000

15000000

20000000

25000000

8200 8300 8400 8500 8600

CALL PUT

8.36

4.49

1.06

7.5

3.27

0

1

2

3

4

5

6

7

8

9

20/4/2015 21/4/2015 22/4/2015 23/4/2015 24/4/2015

INDIA VIX

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WEEKLY REPORT

NIFTY OI VS PCR

FII INVESTMENT

DATE BUY VALUE (RS IN CR.) SELL VALUE (RS IN CR.) NET VALUE (RS IN CR.)

20-APR-2015 4627.90 5293.26 -665.36

21-APR-2015 5990.99 7413.22 -1422.23

22-APR-2015 21344.04 4986.29 16357.75

23-APR-2015 4937.13 5790.31 -853.18

24-APR-2015 6282.92 7058.38 -775.46

DII INVESTMENT

DATE BUY VALUE (RS IN CR.) SELL VALUE (RS IN CR.) NET VALUE (RS IN CR.)

20-APR-2015 2328.19 1365.69 962.50

21-APR-2015 3347.98 1983.15 1364.83

22-APR-2015 2227.97 2009.99 217.98

23-APR-2015 1808.53 1248.93 559.60

24-APR-2015 2666.64 1770.31 896.33

0

0.2

0.4

0.6

0.8

1

1.2

20/4/2015 21/4/2015 22/4/2015 23/4/2015 24/4/2015

OI PCR

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WEEKLY REPORT

GLOBAL INDICES

COUNTRY INDICES HIGH LOW CLOSING

PRICE

CMP CHANGE %

CHANGE

US Dow Jones 18133.03 17966.77 18038.27 18058.69 20.42 +0.11

US Nasdaq 5073.09 5019.30 5035.17 5056.06 20.89 +0.41

US S&P 500 2120.49 2103.19 2107.96 2112.93 4.97 +0.24

FRANCE CAC 40 5225.39 5187.65 5178.91 5187.97 9.06 +0.17

JAPAN Nikkei 225 20142.47 20013.74 20187.65 20020.04 167.61 -0.83

GERMANY DAX 11881.05 11711.10 11723.58 11761.94 38.36 +0.33

UK FTSE 100 7102.59 7052.45 7053.70 7070.45 16.75 +0.24

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