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26 May 30 May 2014












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MARKET GOSSIPS
Weekly: Mid-caps, Small-caps
outshine benchmarks.
SBI hits three-year high as Q4
profit beats Street.
Jewellery shares rally as RBI
eases gold import rules.
Bajaj Auto extends rally after
Egypt lifts import ban.
Tata Comm rallies on stake sale
in Neotel.
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Support & Resistance
CLOSE S2 S1 CRUCIAL POINT R1 R2
7382.10 7080 7230 7500 7500 7630

Weekly market view
Markets last week consolidated for most part of the week although sustained
and closed on higher levels. Nifty future found strong support around 23.6%
retracement of 7230 and headed towards resistance of 7400. If it sustains on
higher side then 7500 may act as crucial resistance surpassing which it may
again lead towards record highs. On lower side, any closing below 7230 may
result in some correction towards the next important support of 7150.
Volatile movements can be seen due to F&O Expiry and Indian GDP data in
the coming week.

NIFTY WEEKLY
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DATE
FII
(Figures are in Rs. cr.)
DII
(Figures are in Rs. cr.)
19-MAY-14 1350.04 -348.48
20-MAY-14 -104.53 -656.83
21-MAY-14 -266.22 -439.03
22-MAY-14 -294.99 -203.07
23-MAY-14 416.80 -135.50
Indices Change
INDEX VALUE PTS %
SENSEX 24374 253 1.04
NIFTY 7276 73 1.00
BANK NIFTY 15055 202 1.34
INDIA VIX 17.83 -11.46 -64.27

Top Nifty Losers ( Weekly)
Scrip Price P. Close %
WOCKHARDT LTD 718.60 776.45 7.45
DR. REEDYS LAB 2307.40 2482.10 7.04
ITC LTD 342.15 367.90 7.00
INFOSYS 3066.50 3270.40 6.23
SUN PHARMA
584.70

621.80 5.97

Top Nifty Gainers (Weekly)
Scrip Price
P.
Close
%
SUZLON ENERGY 24.12 14.39 67.62
MMTC 95.75 59.10
62.01

UNITECH 29.60 18.35 61.31
GITANJALI GEMS 97.50 64.85 50.35
JP POWER 25.24 16.84 49.88




STOCK BUY/SELL COMMENTS
AUROPHARMA(EQ) BUY ABOVE 635 TARGETS 650-665 SL 610.
UPL(EQ) BUY ABOVE 313.50 TARGETS 323-335 SL 299.
LAST UPDATE
ARVIND FUT SELL CALL SL TRIGGERED.
LAST UPDATE ENGINERSIN EQ BUY CALL FINAL TARGET ACHIEVED.

MARKET WATCH
MARKET WATCH
CALLS OF THE WEEK
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AXISBANK FUTURE HAS BEEN CONSOLIDATING AROUND ALL TIME HIGHS AND
MAY GIVE POSITIVE BREAKOUT AND MAY LEAD TOWARDS NEW HIGHS.
BUY ABOVE 1900 TARGETS 1940-1990. MAINTAIN SL OF 1840.





NIFTY FUT.











TECHNICAL VIEW

WEEKLY PICK
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