www.trifidresearch.com
H
R W EE E K L Y P 07 DEC – 11 DEC 2015 O R T
www.trifidresearch.com
MARKET GOSSIPS
Market snaps two weeks gain streak; Nifty ends below 7800 mark. RBI keeps key interest rates unchanged; Repo and Reverse Repo Rates stood at 6.75% and 5.75%. Dr Reddy’s sees Mcap erosion worth Rs. 190000 crore in a month. Just dial tanks more than 5 percent on buyback plan. GAIL gains after ties up with ISRO unit for pipeline monitoring. Elder Pharma asked by SC to file plan for paying back deposit holders. RComm signs agreement to sell its tower unit Infratel; Stock tanks. Sun Pharma moved higher by 4 pct in view of USFDA approval. Welspun Enterprises falls as plans to sell MP road asset to IDFC.
www.trifidresearch.com
NIFTY WEEKLY
Support & Resistance CLOSE
S2
S1
CRUCIAL POINT
R1
R2
7820.50
7550
7690
7690
8000
8150
Weekly market view
Markets traded strong in the first half of week but soon dragged from the strong resistance levels over weak PMI indicating stagnant Indian service sector, weak Rupee and ECB stimulus not meeting the street expectations too worsened the sentiments on last day and finally week closed in red losing 2%. Nifty future strongly resisted around 8000 from where it rebounded towards 7800 and now 7690 is seen as crucial support for the coming week. Overall short term trend for the index remains weak. On higher side, 8000 is still seen as important resistance. Indian economic data in coming week is IIP nos on Friday.
www.trifidresearch.com
Indices Change INDEX
VALUE
PTS
%
SENSEX
25638
-490
-1.91
NIFTY
7781
-161
-2.06
BANK NIFTY
16897
-458
-2.71
INDIA VIX
16.08
-0.49
-3.04
FII
DII
DATE
(Figures are in Rs. cr.)
(Figures are in Rs. cr.)
30-NOV-15
-519.25
900.48
01-DEC-15
-106.78
194.75
02-DEC-15
60.61
-78.31
03-DEC-15
-611.43
521.11
04-DEC-15
-1745.73
900.48
Top Nifty Losers ( Weekly)
Top Nifty Gainers (Weekly)
151.35
P. Close 137.20
10.31
JUST DIAL
962.20
826.70
14.08
91.35
83.05
9.99
J&K BANK
81.95
89.55
8.49
JET AIRWAYS
555.50
505.40
9.91
NATCO PHARMA
499.40
541.05
7.70
JSW STEEL
972.05
891.90
8.99
GODREJ IND
370.95
396.20
6.37
RCOMM
81.05
74.45
8.87
COX AND KINGS
239.15
254.70
6.11
Scrip
FRL
Price
IDBI BANK
STOCK
Scrip
%
Price
CALLS OF THE COMMENTS WEEK
AUROPHARMA(FUT)
SELL
BELOW 810 TARGETS 802-792 SL 822.
OFSS(FUT)
SELL
BELOW 3825.70 TARGETS 3790-3750 SL 3875.
LAST UPDATE
CIPLA EQ BUY CALL MADE HIGH OF 661.40.(REC @ 650).
LAST UPDATE
SUNTV FUT BUY CALL 1 TARGET ACHIEVED.
www.trifidresearch.com
ST
P. Close
%
WEEKLY PICK NIFTY FUT.
TECHNICAL VIEW
INDUSINDBK FUT HAD CONSOLIDATED IN A RANGE LAST WEEK AND TENDS TO MOVE TOWARDS THE ALL TIME HIGHS. BUY ABOVE 952 TARGETS 965-980. MAINTAIN SL OF 935.
www.trifidresearch.com
DISCLAIMER
WWW.TRIFIDRESEARCH.COM
www.trifidresearch.com