Weekly Market Insights

01st to 04th November 2016

`4321
Market Snippet
Market snaps last week gaining streak; Nifty ends
below 8650 mark.
Bajaj Auto Q2 profit grew 7 percent stood at Rs 1122
crore on other income boost.
Eicher Motors Q2 net profit grew by 45 percent to Rs
413 crore.
NTPC Q2 profit decline 18 percent at Rs 2496 crore
but margin expands to 27.8 percent.
UPL reported 54 percent decline in its Q2 net profit
driven by forex loss, lower other income.
Vedanta Q2 profit up 12 percent at Rs 1252 crore;
margin expands to 27.8 percent.
Grasim posted robust Q2 earnings, net profit up by
55% to Rs 592 cr, margin expands 490 bps.
SPARC reports Q2 net profit at Rs 14.74 crore
against net loss of Rs 17.74 crore compared on Y-oY.
Tata Steel announces equity partnership with its
parent companies for its Canadian Iron Ore Mines.
MOIL signed a pact with Madhya Pradesh
government to conduct mineral exploration in the
state.
Gainers
LARGECAP
DRREDDY
ADANIPORTS
KOTAKBANK
HDFC
MARUTI
Losers
LARGECAP
HCLTECH
AXISBANK
WIPRO
ASIANPAINT
TATAPOWER

%CHANG
E
8.02%
7.44%
37.85%
4.13%
4.00%
%CHANG
E
-8.25%
-7.45%
-7.43%
-7.25%
-6.34%

MIDCAP
GMRINFRA
HEXAWARE
CESC
ENGINERSIN
UNIONBANK
MID CAP
MINDTREE
JUBLFOOD
TATAGLOBAL
ADANIENT
IRB

%CHANG
E
4.58%
3.86%
1.97%
0.73%
0.48%
%CHANG
E
-8.99%
-8.88%
-8.23%
-6.30%
-5.72%

Indian Markets
INDEX
VALUE
NIFTY
SENSEX
NIFTYBAN
K
INDIA VIX

8638.00
27941.5
19556.00

-55.05
-135.69
-154.95

%CHANG
E
-0.63%
-0.49%
-0.79%

14.65

+0.82

+5.61%

CHANGE
+23.98
-41.43
-44.44
+13.79

%CHANGE
+0.13%
-0.79%
-0.63%
+0.44%

+261.81

+1.50%

International Markets
INDEX
VALUE
DOW
18169.7
NASDAQ
5215.97
FTSE
6976.03
SHANGHA 3105.08
I
NIKKEI
17446.4
FII & DII Activity

CHANGE

Date

FII
(in Rs. cr.)

DII
(in Rs. cr.)

24-Oct-16

-325.13

333.26

25-Oct-16

-606.34

389.11

26-Oct-16

-1450.65

989.46

27-Oct-16

-469.93

856.50

28-Oct-16

OUR PREVIOUS CALLS UPDATE

Calls of the week
Date
Stocks
24/10/1 PFC
6
24/10/1 PNB
6
Weekly Pick
Date
Stock
24/10/1
6

LT

Entry
128.40

Exit
124.90

P/L
5451

150.50

UNEX

Entry

Exit

P/L

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Weekly Market View

Nifty

Markets started the week with negative bang and slipped

towards support levels in the initial part of the week but
inched in the last two sessions showing pull back from lower
sides. However, week closed on negative note.
On daily charts, it is expected to head towards the
immediate resistance of 8750 sustaining above which can
again gain strength. On lower side, 8550 is seen as
immediate support on daily charts. The strategy which can
be followed during the week is buy on dips in the index.

Support & Resistance

Close

S1

S2

8667.4

8540

8420

Crucia
l
8750

R1

R2

8750

8840

Weekly Nifty Bank View

Nifty Bank

Nifty Bank took the strict resistance from the trend line on
daily charts as shown in the last weeks report. It dropped
but soon pull back was seen. Now, 19850 is critical
resistance above which strength can be seen while 19250
may act as strong support for the index.
Support & Resistance
Close

S1

S2

Crucia
l
19900

R1

R2

19623. 19250 18870

19900
20200
5
Global Markets Update
World Markets were choppy this week as Japan Markets
booked gains on strong manufacturing data, whereas
European markets tumbled, affected from poor earnings from
major financial giants along with sentimental pull back from
ECBs Chairman Mario Darghis disappointing speech for
delay in stimulus to revive economy. US Stocks witnessed
some tepid movements this week as major tech giants shined
on earnings, while traders kept eyes on advanced GDP data
due later on Friday. US Presidential Elections will be in focus
next week.

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Calls of the week

(Premium Section)

www.trifidresearch.com | Email id: info@trifidresearch.com | Toll Free: 1800-270-1410

Weekly Pick

(Premium Section)

HEXAWARE EQ took support of its 50 day EMA as seen on daily chart and closed near around its immediate
resistance. Buying could be seen in the stock below the mentioned level.
BUY ABOVE 206 TARGETS 210.10/214.30 SL 201.80.

DHFL EQ moved higher and closed near to the immediate resistance level on daily chart. If it surpasses the
mentioned level then some positive momentum is expected in the stock.
BUY ABOVE 330.80 TARGETS 337.40/344.20 SL 324.20.

www.trifidresearch.com | Email id: info@trifidresearch.com | Toll Free: 1800-270-1410

Weekly Pick

(Premium Section)

JUBILANT EQ is trading near to its all time highs and if positive momentum is gained by the stock then it may reach to
new highs in coming sessions.
BUY ABOVE 701 TARGETS 722/743.70 SL 680.

CIPLA EQ has been constantly rising since last three sessions and closed strongly around the immediate resistance
levels. If it holds above this mark then further up move can be seen.
BUY ABOVE 598.40 TARGETS 610.40 SL 587.

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