Weekly Nifty Report for 16/July/2012 – 20/July/2012

Saturday, 14 July 2012 – 00:37




Markets settled on a weak note as per volatile movements due to IIP nos. and poor nos. of Infy and TCS nos. Nifty future could not trade above the key resistance of 5350. On weekly charts, 100 day EMA of 5200 will act as strong support for it below which it may drag towards 5100 level. Inflation data and result sessions are eyed in the coming week which will direct the market. Meanwhile, on higher side, 5370 is still seen as stiff resistance for nifty.

Major Market News –

Ø Sensex posts weekly loss of 1.75%; IT, Consumer Durables drag.
Ø Inflation, presidential election key for debt markets ahead of RBI policy review.
Ø Sintex Q1 profit plunges 50.5% on MTM loss, lower revenue.
Ø Unitech, Telenor discuss out-of-court settlement on partnership issue.
Ø JPMorgan profit falls on $4.4 billion trading loss.
Ø Exports fall 5.5% to 15 month low in June.

CALLS OF THE WEEK –

HCLTECH BUY ABOVE 495 TARGETS 510-525 SL 475.
BPCL         BUY ABOVE 770 TARGETS 782-795 SL 755.
LAST UPDATE           HCLTECH BUY CALL RECOMMENDED @495 (MADE HIGH OF 500).
LAST UPDATE           BPCL BUY CALL FIRST TARGET ACHIEVED.


TECHNICAL VIEW –

BOMDYEING FUT WAS MOVING IN A CHANNEL PATTERN ON ITS DAILY CHARTS AND IS EXPECETED TO GIVE A BREAKOUT FROM ITS LOWER BAND.
SELL BELOW 529 TARGETS 514-495. MAINTAIN SL OF 547.


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Weekly Nifty Report for 09/July/2012 – 13/July/2012

Saturday, 7 July 2012 – 02:06




Markets remained consolidated for the whole week and were also affected by global concerns. Nifty future was unable to sustain above 5350 level and gave flat closing for the week. On weekly charts, 100 day SMA of 5410 is seen as major resistance and if it is able to hold above this key resistance then it may lead towards 5540 level. Meanwhile, global concerns may affect nifty and it may drag towards 5200 support level surpassing which 5090 is seen as next support for it.   

Major Market News –

Ø Sensex posts weekly gain of 0.5%; Realty, CD, Bankex rally.
Ø Eurozone crisis to keep markets under pressure.
Ø SAIL to ink pact with Kobe for Rs 1,500cr plant next week.
Ø India's forex reserves rise to $289.99 billion.
Ø Jain Irrigation gets RBI nod to launch NBFC .
Ø Eros International Media surges on COLORS deal.

CALLS OF THE WEEK –

HCLTECH    BUY        ABOVE 495 TARGETS 510-525 SL 475.
BPCL           BUY         ABOVE 770 TARGETS 782-795 SL 755.
LAST UPDATE  BANKINDIA   BUY CALL RECOMMENDED @ 352    (MADE HIGH OF 359.35).
LAST UPDATE  PANTALOON BUY CALL BOTH TARGETS ACHIEVED.

TECHNICAL VIEW –
SBIN FUT HAS MADE A TRAINGLE PATTERN AND HOLDS ABOVE AFTER ITS BREAKOUT FROM THE PATTERN. IT LOOKS GOOD ABOVE 2240 LEVEL.
BUY ABOVE 2240 TARGETS 2280-2325. MAINTAIN SL OF 2185.

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Weekly Nifty Report for 02/07/2012 – 06/07/2012

Saturday, 30 June 2012 – 01:12



Markets closed the F&O Expiry week on strong note on positive fiscal reforms by Govt. and strong global events like EU Summit. Nifty future is expected to continue bull rally but may face resistance around 100 day SMA of 5414. But, holding above this level can soon pull it towards 5540 in the coming sessions. While on lower side if it falls below 5200 then it may appear in the weak zone and 5150 is seen as good support surpassing which it may drag towards the next support of 5000.       
Support: 5150/5000
Resistance: 5400/5515
Crucial Point: 5370
Close: 5297.35
Major Market News:-
  • Sensex posts weekly gain of 2.7%; Power, Metal, Bankex rally.
  • Wall Street ends weak quarter with a bang; Nasdaq gains 3%.
  • Greek stocks close 5.68% higher after EU deal.
  • Cairn Energy to sell 6.6cr shares in Indian unit.
  • TCS gets whopping 1860% dividend from TCS America International Corporation.
  • Hindalco shares gain ground after consolidated annual profit rises 38%.
Nifty Technical View:
TCS FUTURE HAS TESTED ITS PREVIOUS HIGHS OF 1295 AND IS EXPECTED TO GIVE BREAKOUT FROM THIS LEVEL.
BUY ABOVE 1295 TARGETS 1330-1375. MAINTAIN SL OF 1250. 
Call of the Week-
STOCK
BUY/SELL
COMMENTS
BANKINDIA   BUYABOVE 352 TARGETS 362-375 SL 338.
PANTALOON   BUYABOVE 185.80 TARGETS 193-204 SL 176.50.
LAST UPDATEPUNJLOYD BUY CALL RECOMMENDED @ 48.90 (MADE HIGH OF 49.75).
LAST UPDATETITAN BUY CALL SL TRIGGERED.
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Weekly Nifty Report for 25/06/2012 – 29/06/2012

Friday, 22 June 2012 – 23:46




Markets again traded in the consolidated phase for second consecutive week. Nifty future on its daily charts found support of 5085 last week but is facing stiff resistance around 5200. Any decisive breakout above the mentioned level can lead to fresh buying interest and may lead towards higher levels of 5300. Volatility will be witnessed due to F&O Expiry in the coming week. 5020 is seen as strong support for nifty surpassing which it may drag towards lower levels.    

Major Market News –
Ø Sensex posts weekly gain of 0.13%; EU summit eyed.
Ø US stock futures point to bounce after Thursday selloff.
Ø Reliance Capital Trustee raises stake in Shoppers Stop.
Ø Cox & Kings jumps 4% amid UK unit stake sale buzz.
Ø India Infoline cuts EPS estimates for RIL on the back of Niko slashing reserves at KG-D6.

CALLS OF THE WEEK - 
 



STOCK
BUY/SELL
COMMENTS
PUNJLLOYD
BUY
ABOVE 48.90 TARGETS 51.50-53.50 SL 46.50.
TITAN
BUY
ABOVE 223.65 TARGETS 231-240 SL 215.
LAST UPDATE

HDFCBANK BUY CALL NOT EXECUTED.
LAST UPDATE

RELINFRA BUY CALL SL TRIGGERED.











TECHNICAL VIEW –

COALINDIA FUT HAS MADE A UPWARD CHANNEL PATTERN AND IS NOW CONSOLIDATING AROUND ITS 200 DAY EMA.IT IS EXPECTED TO BREAK THIS PATTERN ON LOWER SIDE.
SELL BELOW 335 TARGETS 327-316. MAINTAIN SL OF 346.

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