Stock Weekly Trend- 01 April. 2013 - 05 April. 2013

Markets settled on a positive note despite of subdued sentiments on renewed Cyprus bailout or other domestic political issues and F&O Expiry. On weekly charts, Nifty future has found support around its 50 day EMA and 5550 is seen as major crucial support in the coming sessions. While 5800 will act as near term resistance holding above which may lead towards next hurdle of 5900.
Support: 5550/5460
Resistance: 5800/5900
Crucial Point: 5550
Close: 5714.25
Market Weekly News:

• Sensex posts weekly gain of 100 points; consumer durables jumps 4%.
• Asian markets slip, spooked by eurozone fears.
• Welspun Corp repurchases FCCBs worth $24.4 million.
• Morgan Stanley sells YES Bank shares worth Rs 121 crore.
• Aurobindo Pharma gains from USFDA import alert.

Weekly Pick:
TCS FUTURE IS CONSOLIDATING AROUND HIGHER LEVELS IN ITS BULL RALLY AND MAY GIVE A BREAKOUT ABOVE THIS CONSOLIDATION RANGE.
BUY ABOVE 1588 TARGETS 1620-1655. MAINTAIN SL OF 1540.
Weekly Call:
ITC BUY ABOVE 311 TARGETS 316-322 SL 304.
PCJEWELLER BUY ABOVE 115 TARGETS 119.50-123 SL 109.50.

For more info click here

Stock Tips Commodity Tips Mcx Tips

Stock Tips- 22/03/2013

Bears dragged the markets towards their deeper support levels and closed on weak note led by weak European markets. Nifty future in the first half of trade traded towards its strong resistance of 5770 and reversed selling was seen from higher levels and it broke its major support of 5670 on lower side and also closed below it. Now, if it holds below 5650 then selling pressure may continue towards the next support of 5550 while strength can be seen only above 5800. TREND: SIDEWAYS SUPPORT : 5620 & 5580

RESISTANCE: 5710 & 5770
Major Market News:

• Sensex turns negative; Tata Steel plunges over 5%.
•  ONGC to invest Rs 4,000cr for offshore facilities.
•  Alstom bags contract worth EUR 85 mn from BHEL.
• Govt. to sell SAIL’ 5.82% stake; may rake in about Rs 15.64 bn.
• L&T Construction secures orders of Rs 2,080 cr.

For more info click here
Stock Tips Commodity Tips Mcx Tips

Currency Weekly Report for 11/Mar./2013 – 15/Mar./2013

Weekly Forex tips

The rupee rose to its highest in more than a week after gaining for a third consecutive session on Friday, helped by dollar sales by custodian banks and gains in the euro. The rupee gained 1.1 per cent for the week, posting its best weekly gain since the week ended on Jan. 18 as part of a powerful global risk rally, although US monthly employment data due later in the day will be keenly watched. Investors are expected to shift their attention to the industrial output data on Tuesday and inflation data on Thursday, as the reports will come ahead of the Reserve Bank of India’s policy review on March 19.

Domestic Forex Updates:

• US dollar ends sharply cheaper against Rupee.
• Forex reserves down by $ 1.34 billion to $ 290.57 billion.
• China expresses currency fears as yen plummets.
• Dollar hits 3-1/2 year high vs yen on strong data bets.

USDINR
USDINR had showed continuous downtrend last week and it was unable to hold near the major resistance of 55.0000 and dropped towards the major support of 54.5000. If this bearishness continues then it may find strong support near the trend line around 54.1000 on daily charts surpassing which next support is at 53.8000. While 55.2000 is still acting as important resistance.
EURINR
EURINR last week constantly found resistance near the trend line acting as important resistance on its daily charts. It faced resistance mainly in the zone of 71.7500-72.1000. Consolidation on weekly charts also indicating the sideways movements in the coming session where range is seen in the zone of 72.6000-70.5000.
Global Forex Updates:

• Dollar Hits 2009 High Versus Yen as U.S. Jobs Gain Tops Forecast.
• Canadian Dollar Gains Versus Major Peers on Employment Increases.
• Peru Keeps 4.25% Rate as CPI Slows Amid Stable Growth.

For more info click here
Stock Tips Commodity Tips Mcx Tips

TriFid Research (P) Ltd

http://www.youtube.com/watch?v=GMFII6ww44Y&feature=player_embedded

TriFid Research (P) Ltd - Video Dailymotion

TriFid Research (P) Ltd - Video Dailymotion

TriFid Research (P) Ltd - Video Dailymotion

TriFid Research (P) Ltd - Video Dailymotion

MCX Trend-04/03/2013

GOLD APR. : SIDEWAYS
RESISTANCE 2 : 30150
RESISTANCE 1 : 29860
SUPPORT 1    : 29600
SUPPORT 2    : 29450

SILVER MAY. : SIDEWAYS
RESISTANCE2 : 55800
RESISTANCE1 : 55300
SUPPORT1    : 54500
SUPPORT2    : 53800
COPPER APR. : SIDEWAYS
RESISTANCE2 : 435
RESISTANCE1 : 433
SUPPORT1    : 428
SUPPORT2    : 426
CRUDE MAR.  : SIDEWAYS
RESISTANCE2 : 5105
RESISTANCE1 : 5060
SUPPORT1    : 4980
SUPPORT2    : 4950
For more info click here

Stock Tips  Commodity Tips