www.trifidresearch.com
H
R W EE E K L Y P 09 NOV – 13 NOV 2015 O R T
www.trifidresearch.com
MARKET GOSSIPS
Market tanks for the second straight week on the back of weak numbers and ahead of Bihar state elections outcome. SBI gains after reported 25% jump in profit for Q2; NPA improved. Dr Reddy's Lab shares plunge after receives warning for API facilities from USFDA. Motherson Sumi posted robust Q2 earning; Net profit up 176% to Rs 287 crore. Tata Motors reported net loss of Rs 430 crore for the Q2 due to Tianjin Port blast hits JLR. REC LTD, PFC shares tanks as much as on discom rehab plan. Bank of Baroda net profit dips 89 pct on the back of higher provisions, NPA worsens. Eicher Motors net soars 55 percent which stood at Rs 255 crore for quarter three. Union Bank reported robust figures for the Q2; net up 77 pct; NPA increased. www.trifidresearch.com
NIFTY WEEKLY
Support & Resistance CLOSE
S2
S1
CRUCIAL POINT
R1
R2
7977.40
7760
7870
7870
8100
8220
Weekly market view
Markets extended the bearishness of previous week on back of weak Q2 Earnings and strong Rupee also affected the sentiments; volatility was also seen as traders seemed to be cautious ahead of outcome of Bihar results. Nifty future on its daily charts closed below the trend line so coming from deeper supports and may drag to test the important support levels of 78707760. On higher side, 8100 may act as psychological resistance holding above which can indicate some strength. Key events to affect the volatility of markets are Bihar Election results, IIP & CPI (on Thursday).
www.trifidresearch.com
INDEX
VALUE
PTS
%
SENSEX
26265
-391
-1.48
NIFTY
7954
-111
-1.39
BANK NIFTY
17086
-268
-1.56
INDIA VIX
19.47
1.59
8.16
UNITED SPIRITS
3449.2
P. Close 3146.2
TVS MOTORS
282.95
ORIENTAL BANK
Price
DII
(Figures are in Rs. cr.)
(Figures are in Rs. cr.)
02-NOV-15
-272.67
145.38
03-NOV-15
-449.84
350.31
04-NOV-15
33.16
-74.90
05-NOV-15
-991.87
636.15
06-NOV-15
219.17
-39.45
Top Nifty Losers ( Weekly)
Top Nifty Gainers (Weekly) Scrip
FII
DATE
Indices Change
Scrip
%
Price
P. Close
%
9.63
CENTRAL BANK
69.40
84.60
17.97
263.95
7.20
KAVERI SEED
438.40
524.45
16.41
145.25
136.85
6.14
DEN
99.85
116.50
14.29
BHARAT FORGE
864.95
814.90
6.14
DR REDDY’S
3629.5
4214.05
13.87
COAL INDIA
341.65
322.15
6.05
VEDANTA
92.25
106.85
13.66
STOCK
CALLS OF THE COMMENTS WEEK
JSWENERGY(EQ)
BUY
ABOVE 95 TARGETS 97.50-100 SL 91.
MINDTREE(FUT)
BUY
ABOVE 1579 TARGETS 1590-1604 SL 1564.
LAST UPDATE
JSWENERGY EQ BUY CALL SL TRIGGERED.
LAST UPDATE
MINDTREE FUT BUY CALL SL TRIGGERED.
www.trifidresearch.com
WEEKLY PICK NIFTY FUT.
TECHNICAL VIEW
HDFC FUT AFTER TAKING RESISTANCE OF 100 DAY EMA CLOSED BELOW THE TREND LINE AND SO LOOKS BEARISH FOR THE COMING WEEK. SELL BELOW 1208 TARGETS 1190-1170. MAINTAIN SL OF 1235.
www.trifidresearch.com
DISCLAIMER
WWW.TRIFIDRESEARCH.COM
www.trifidresearch.com