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H
R W EE E K L Y P 23 NOV – 27 NOV 2015 O R T
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MARKET GOSSIPS
Markets post first weekly gain in four; Nifty ends above 7850 mark. October WPI inflation drop for 12th straight month at -3.81 percent from -4.54 percent in September. Oil & gas stocks surged on softening crude oil price; GAIL rallied 10 pct. Vedanta and Hindalco to exit Sensex; stocks would be replaced by Adani Ports, Asian Paints from December 21. Kotak Mahindra gains as gets nod from IRDAI to commence insurance biz. Cairn India gains as company may get 10 years of extension for Rajasthan block. Financial Tech surged as company concludes divestment of 25.64 pct stake in IEX. Jindal Steel rallied 7 percent as gets clean chit from CCI. Canara Bank to raise Rs 24 billion through tier-II bonds; stock ends flat.
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NIFTY WEEKLY
Support & Resistance CLOSE
S2
S1
CRUCIAL POINT
R1
R2
7851.60
7550
7690
7690
8020
8150
Weekly market view
Markets were indecisive last week as indices underwent in both directions on back of global cues such as FOMC meet, Paris attack, Indian WPI etc but finally led the week to close in green after four weeks. Nifty future had witnessed strong support of 7690 on daily charts which is still seen as crucial level for the index. On higher side, 7960-8020 is seen as resistance range for the coming week as the trend still seems to be weak in absence of any major trigger. On lower side, any closing below 7690 will drag the index towards the next support of 7550. Volatility is expected due to F&O Expiry in this week.
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INDEX
VALUE
PTS
%
SENSEX
25868
258
0.99
NIFTY
7856
94
1.19
BANK NIFTY
17055
123
0.72
INDIA VIX
15.89
-1.76
-11.07
FII
DII
DATE
(Figures are in Rs. cr.)
(Figures are in Rs. cr.)
16-NOV-15
-1051.26
661.71
17-NOV-15
-492.45
783.02
18-NOV-15
-768.46
759.26
19-NOV-15
-343.18
233.82
20-NOV-15
-94.09
610.16
Indices Change
Top Nifty Losers ( Weekly)
Top Nifty Gainers (Weekly) GAIL LTD
348.80
P. Close 281.05
VAKRANGEE
151.75
123.70
22.68
DLF
102.40
112.00
8.57
JINDAL STEEL
87.50
71.85
21.78
KAVERI SEED
416.00
453.70
8.31
KPIT TECH
166.85
146.70
13.97
GODREJ CON
1225.0
1324.7
7.53
HAVELLS
292.30
259.95
12.44
RCOMM
65.95
71.10
7.24
Scrip
Price
STOCK
Scrip
%
Price
%
24.11
IBULLHSGFIN
653.90
715.55
8.62
CALLS OF THE COMMENTS WEEK
INDIACEM(EQ)
BUY
ABOVE 83 TARGETS 85-87 SL 79.90.
WOCKPHARMA(EQ)
BUY
ABOVE 1640 TARGETS 1675-1710 SL 1585. ST
LAST UPDATE
KPIT EQ BUY CALL 1 TARGET ACHIEVED.
LAST UPDATE
MARUTI FUT BUY CALL FINAL TARGET ACHIEVED.
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P. Close
WEEKLY PICK NIFTY FUT.
TECHNICAL VIEW
MARUTI FUT HAD BEEN HOVERING AND SUSTAINED AROUND THE RECORD HIGHS AND HENCE IS EXPECTED TO GIVE POSITIVE BREAKOUT. BUY ABOVE 4762.50 TARGETS 4822-4885. MAINTAIN SL OF 4680.
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