EQUITY MARKET WEEKLY REPORTS 22-JULY-2013 TO 26JULY-2013

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INDEX ANALYSIS

NIFTY (6029) -8 SENSEX (20,150) +29

WEEKLY LEVELS : R1 6140, R2 6220 S1 5920 S2 5815 The market edged higher last week led, buoyed by government's decision to liberalise foreign direct investment (FDI) norms in some sectors. Positive global cues and good rainfall in India also boosted sentiment. Better earning by companies like Infosys, TCS and HDFC Bank for Q1 June 2013 further supported the uptrend. The barometer index, the S&P BSE Sensex, closed above the psychological 20,000 level. The 50-unit CNX Nifty closed above the psychological 6,000 level.
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TOP PICKS OF THE WEEK

GAIL ( 333): Remain below 345 stock remain week, selling opportunity in stock for the target of 325, 310 SBIN (1810): selling opportunity for the target of 1780, 1740 as remain below 1880, above 1880 buy for the target of 1940 2000. PNB (630): Buy above 615 for the target of 645, 660.

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INDEX (FUTURE)

NIFTY (6036) profit booking is possible, now we may see 5950, 5900 level remain below 6120. once move above 6120 leve we may see 6200. BANKNIFTY (11,010): As we told you earlier that best strategy will be buy on dips we hope you followed us. More buying is expected above 11,300.

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OPTIONS STRETEGY

From last few weeks call writing are more in trend then put buying. Fresh call writing seen in 6200 & 6300 call, so we can consider these level as a major resistance level. Because whenever markets are in bearish trend resistance are more important then supports. AXIS BANK 1250 calls & TCS 1800 calls are showing significant open interest so we can see some strong action in the stocks keep watching.

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not constitute an offer to sell or solicitation to buy any of the Securities mentioned. No representations can be made that recommendations contained herein will be profitable or they will not result in losses. Readers using the information contained herein are solely responsible for their actions. The information is obtained from sources deemed to be reliable but is not guaranteed as to accuracy and completeness. The above recommendations are based on FUNDAMENTAL ANALYSIS only.

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