Stock Tips 22 April 2013

Markets continued its bullish momentum with good volumes and closed on a strong note near to their crucial resistance levels. Nifty future closed above its 100 day EMA of 5775. On daily charts, if bulls remain active then it will face strict resistance of 5870 around the trend line coming from previous highs. However, if it is unable to sustain on psychological mark of 5800 then support range is seen near 5730-5680.
TREND: SIDEWAYS
SUPPORT : 5730 & 5680
RESISTANCE:   5820 & 5870
Major Market News:

• Sensex soars 285 as Mar trade deficit cheers; banks rally.
• IndusInd Bank Q4 net up 37% at Rs 307 cr.
• MRF Q2 net jumps over 40% to Rs 211 cr.
• CRISIL Q4 profit drops 13%.
• Puravankara Projects’ Q4 net jumps 71 per cent.

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Stock Tips 15 April 2013

Markets ended the choppy session on negative note on account of disappointing Infy results and IIP nos.Nifty future traded on lower side in the last week and could not hold near 5600 as well as increase in open interest is also indicating selling pressure in the coming sessions. Major support is seen around 5480 surpassing which next support range is seen near 5440-5400. On higher side immediate hurdle range is 5570-5600. 
TREND: SIDEWAYS
SUPPORT : 5480 & 5440
RESISTANCE:   5570 & 5620
Major Market News:

• Sensex drops over 300 points; BSE IT falls nearly 11%.
• JSW Energy to be included in Nifty Midcap 50 index.
• Infosys disappoints with flat Q4 net at Rs 2,394 cr.
• BHEL East posts 92% jump in PBT to Rs 259.63 cr for FY13.
• Tata Motors global sales down 16.5% in March.

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Stock Trend-08/04/2013

Benchmark Indices showed a choppy session in the last session of the week and were unable to test their crucial resistance levels. Nifty future strongly resisted near 5600 for the whole session and tested the major support of 5550. Overall, bears are seen to capture nifty and if it surpasses this crucial level then intraday support is seen in the range of 5530-5480 while any correction may lead it towards 5630-5650. TREND: SIDEWAYS
SUPPORT :  5530 & 5480
RESISTANCE:   5630 & 5670
Major Market News:

• Sensex down 64 points; mid and small-caps outperform.
• Maruti jumps on hopes weaker yen to reduce import cost.
• DLF to sell two windmill projects for Rs 241 cr.
• L&T bags orders worth Rs 2,000 crore in March.
• Adani Power falls as Haryana govt to challenge CERC order.

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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.

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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.

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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.

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TriFid Research (P) Ltd

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