www.trifidresearch.com 145 H
R W EE E K L Y P 25 JAN – 29 JAN 2016 O R T
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MARKET GOSSIPS
Bourses ended week on flat note on last session's rise; European shares up on stimulus hope. Public sector Banks rallied approx 7% in last two sessions; major banks up by 5-7%. Aviation Stocks tumbled on Friday; Inter Globe aviation showed biggest intraday fall despite of rise in Q3 profits. SunPharma received approval from CCI) to sell Ranbaxy's two central nervous system (CNS) divisions to Strides Shasun. Idea Cellular on 52 week low in otherwise firm market on dissapointing Q3 nos. L&T and Sojitz Corp consortium won major order from Dedicated Freight Corridor Corporation of India Ltd. worth Rs 1213 cr.
Mahindra & Mahindra Financial Services extended losses on posting decline of 38% in its net profit (YoY); Gross NPAs stands at 10.1%. ITC posted less than expected earnings as profit rose 0.6% while Revenue increased 2.6%(YoY). www.trifidresearch.com
NIFTY WEEKLY
Support & Resistance CLOSE
S2
S1
CRUCIAL POINT
R1
R2
7430.70
7050
7210
7560
7560
7700
Weekly market view
Markets dragged in the first half of the week on back of global weakness including Chinese slowdown and devaluating their currency, falling Crude prices, depreciating Rupee and widening of Indian Trade deficit but recovery was seen on the last day due to rebounding Crude prices and finally settled the week on flat note. Nifty future found strong support around 7210 during the week and closing above 7400 can lead the index towards immediate resistance range of 7560-7700. On lower side, 7210 is still seen as most crucial support in coming week as well.
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Indices Change INDEX
VALUE
PTS
%
SENSEX
24435
-20
-0.08
NIFTY
7422
-13
-0.17
BANK NIFTY
15497
291
1.91
INDIA VIX
18.82
-0.59
-3.03
JSWSTEEL
1066.1
P. Close 1004.6
RELIGARE
313.40
HAVELLS
Price
DII
(Figures are in Rs. cr.)
(Figures are in Rs. cr.)
18-JAN-16
-1203.84
1122.80
19-JAN-16
-857.70
1386.83
20-JAN-16
-1324.69
1383.14
21-JAN-16
-1747.23
1267.74
22-JAN-16
-769.83
915.6
Top Nifty Losers ( Weekly)
Top Nifty Gainers (Weekly) Scrip
FII
DATE
%
Scrip
Price
P. Close
%
6.12
GATI LTD
107.40
147.40
27.14
297
5.52
WOCKHARDT
1200.85
1572.30
23.62
299.80
284.30
5.45
GUJ MINERAL
61.95
78.45
21.03
HEROMOTOCORP
2599.8
2470.7
5.22
JETAIRWAYS
617.35
775.90
20.43
INFOSYS
1135.9
1082.3
4.95
VEDANTA
64.75
80.95
20.01
STOCK
CALLS OF THE COMMENTS WEEK
INDIACEM (EQ)
BUY
ABOVE 88.50 TARGETS 91.30-94.10 SL 83.50.
M&MFIN (FUT)
SELL
BELOW 196.65 TARGETS 193.65-190.65 SL 201.80.
LAST UPDATE
DABUR FUT SELL CALL FINAL TARGET ACHIEVED.
LAST UPDATE
TATAMOTORS FUT SELL CALL SL TRIGGERED.
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WEEKLY PICK NIFTY FUT.
TECHNICAL VIEW
AUROPHARMA EQ HAS FOUND SUPPORT OF 100 DAY SMA ON DAILY CHARTS AND CLOSED ABOVE IT, HENCE IS EXPECTED TO SHOW UP CERTAIN MOVE. BUY ABOVE 820 TARGETS 845-870. MAINTAIN SL OF 785.
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