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19 May 23 May 2014












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MARKET GOSSIPS
Indian stocks rally to record
high on BJP's election win.
U.S. stocks gain on data, tech
demand; Dow rises 0.27%.
April CPI inches to 8.59%;
March IIP shrinks at slower pace.
Tata Steel, L&T IDPL divests
stake in Dhamra Port to Adani
Ports.
Bank of Baroda Q4 net up
12.5% on better net interest
income.
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Support & Resistance
CLOSE S2 S1 CRUCIAL POINT R1 R2
7244.40 6900 7070 7070 7430 7630

Weekly market view
Markets sustained above all resistance marks and headed towards record
highs due to domestic political cues and settled the week with gain of around
5%. Nifty future after such strong bull rally may consolidate for few sessions
in the coming week. On daily charts, the trend line so coming from deeper
supports as shown above may act as strong crucial point for nifty. Any closing
below 7050 may result in correction while on higher side 7400-7500 is seen
as strict resistance range for the week. Overall, coming week can be deciding
factor which can indicate its short term trend.

NIFTY WEEKLY
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DATE
FII
(Figures are in Rs. cr.)
DII
(Figures are in Rs. cr.)
12-MAY-14 1217.95 92.56
13-MAY-14 2026.23 -649.42
14-MAY-14 1520.08 -410.01
15-MAY-14 934.94 -385.40
16-MAY-14 3634.82 -349.32
Indices Change
INDEX VALUE PTS %
SENSEX 24121 1172 4.85
NIFTY 7203 345 4.78
BANK NIFTY 14853 1103 7.43
INDIA VIX 29.29 -8.7 -28.71

Top Nifty Losers ( Weekly)
Scrip Price P. Close %
DRREDDY 2408.95 2738.70 12.04
FT 245.35 276.70 11.33
BIOCON 428.45 482.60 11.22
GLENMARK 538.50 593.40 9.25
CADILAHEALTH
912.00

987.65 7.66

Top Nifty Gainers (Weekly)
Scrip Price
P.
Close
%
UNIONBANK 182.80 335.10 35.16
PFC 257.65 194.75
32.30

CANBK 362.10 275.90 31.24
UCOBANK 97.55 74.50 30.94
RELCAP 452.85 346.20 30.81




STOCK BUY/SELL COMMENTS
ARVIND(FUT) SELL BELOW 177.65 TARGETS 170.75-162 SL 188.
ENGINERSIN(EQ) BUY ABOVE 264.80 TARGETS 274-285 SL 250.
LAST UPDATE
BHARTIARTL FUT SELL CALL NOT EXECUTED.
LAST UPDATE JSWSTEEL FUT BUY CALL FINAL TARGET ACHIEVED.

MARKET WATCH
MARKET WATCH
CALLS OF THE WEEK
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AUROPHARMA EQ. HAD BEEN RUNNING IN BULL RALLY SINCE LONG TIME
AND ITS CONTINUATION MAY LEAD HIGHER IF IT SUSTAINS ABOVE 635.
BUY ABOVE 635 TARGETS 665-700. MAINTAIN SL OF 590.





NIFTY FUT.











TECHNICAL VIEW

WEEKLY PICK
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