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R E E K L Y W E P 28 April 02 May 2014 O R T

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MARKET GOSSIPS

Weekly: Markets retreat from record highs on growth concerns. Wall Street trips as Amazon tumbles; indexes slip for week. ICICI Q4 net up 15% on higher other income, retail advances. MCX stake sale: Reliance Capital wants FMC to intervene. Maruti Suzuki Q4 below estimates, net up 17.5% to Rs 800 cr.
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NIFTY WEEKLY

Support & Resistance

CLOSE 6799.95 S2 6580 S1 6680 CRUCIAL POINT 6900 R1 6900 R2 6980

Weekly market view

Markets settled the marginal gains in the truncated week; although indices hit record closing highs but retreated on Friday amid growth concerns. Nifty future is moving in rough channel pattern on daily charts and if domestic political cues as well as global markets support then it may be able to surpass immediate resistance of 6900 above which it may lead towards upper band around 6980. Closest support is seen near lower trend line of 6750 and any closing below it may rise the phase of correction otherwise the trend seems to be bullish and rebounding from deeper supports is expected.

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MARKET WATCH

Indices Change
INDEX VALUE PTS %

DATE
21-APR-14 22-APR-14 23-APR-14 24-APR-14 25-APR-14

(Figures are in Rs. cr.)

FII

(Figures are in Rs. cr.)

DII

212.85 162.93 767.61 -

-217.66 -298.46 -533.88 -

SENSEX NIFTY BANK NIFTY INDIA VIX

22688 6782 13034 30.68

60 3 247 -0.17

0.26 0.04 1.93 -0.55

295.01

-417.30

Top Nifty Gainers (Weekly)

Scrip Price 130.35 526.70 59.45 47.85 2808.4

Top Nifty Losers ( Weekly)

% 54.08 14.52 14.00 10.38 9.83 Scrip Price 153.75 15.17 323.50 20421 56.50 P. Close 176.35 17.20 361.95 22788 62.65 %
12.82 11.80 10.62 10.38 9.82

FRL STAR MRPL PIPAVAV UNITEDSPIRITS

P. Close 84.60 459.90 52.15 43.35 2557

DLF JPPOWER FT MRF JSWENERGY

STOCK
CANBK(FUT) LUPIN(EQ) LAST UPDATE LAST UPDATE

BUY/SELL
BUY BUY

CALLS OF THE COMMENTS WEEK

ABOVE 296 TARGETS 304-314 SL 283. ABOVE 1004 TARGETS 1025-1050 SL 975. AMBUJACEM(EQ) BUY CALL SL TRIGGERED. ICICIBANK(EQ) BUY CALL 1 TARGET ACHIEVED.
ST

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WEEKLY PICK NIFTY FUT.

TECHNICAL VIEW

TECHM EQ HAS BEEN MOVING AROUND 100 DAY SMA AND IT IS EXPECTED TO BREAK THE TREND LINE TO MOVE TOWARDS RESISTANCE OF 1850 SUSTAINING ABOVE WHICH IT MAY MOVE TOWARDS 1875. BUY ABOVE 1812 TARGETS 1850-1900. MAINTAIN SL OF 1749.

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