Saturday, 16 May 2015

WEEKLY GLOBAL STOCK MARKET INDEX POSITION

INDEXES
POSITIONS
CURRENT
(15/05/15)
WEEK  AGO
(08/05/15)
CHANGE %
SENSEX
27324
27105
+0.8%
NIFTY
8262.35
8191.5
+.86%
NASDAQ
5048.29
5003.55
+0.89%
DOW
18272.56
18191.11
+0.44%
S&P 500
2122.73
2116.1
+0.31%
ASIA MARKET
SHAN GHAI
4309.36
4206.76
+2.43%
NIKKEI
19732.92
19389.19
+1.82%
HANG SENG
27822.28
27577.24
+0.88%
EUROPE MARKET
FTSE100
7046.82
6069.42
-1.22%
DAX
11444.03
11709.73
-2.24%
CAC40
4993.82
5090.39
-1.9%
  NIFTY OUTLOOK 18/05/2015 ( Close 8262.35)      


FII weekly Investment – Sold 1099.98 Crore /   Mutual fund weekly Investment- 402.7 Crore
Sensex ends 118 points higher in volatile trade; Nifty above 8,250:
Nifty has taken support near the 8,000 levels, so there are higher chances that Nifty will bounce back and break above 8,350 level in the near term.
Market has found solid support at 8,000-8,100 and bottom out .The investors who had missed out on the previous rally should come in now. This is a wonderful entry point for them.

Indian market is still in a bull phase and the ongoing correction is a part of the bull market correction.
A crossover of 8333 will confirm a higher-top and higher-bottom formation on the daily chart along with a cup & handle formation on the hourly chart and would pave the way for the further upside till about 8600.
It is very good sign that nifty closed above 15 DMA -8226.



 

WEEKLY SUPPORT & REISTANCE
SCRIP                                 S3          S2          S1        PIVOT       R1         R2         R3
NIFTY                                8610      8471       8361        8228       8124      7985    7881

FUTURE RETAIL               92          101         107           116        122       131       137
(CMP Rs.114.40) Attractive Valuation, Very Good value buy at current level, 1 year Terget Rs. 170.Mutual Funds increase their holds from 16.54lacs(Dec 2014) share to 22.67 lacs(Mar 2015)
See Holding Pattern

BROKER'S RECOMMENDATIONS ON LAST WEEK 

  COMPANY                TIPS/RECOM DATE        TARGET    REOM. PRICE    TIME FRAME       BROKER/ANALYST

1. HAVELLS                          BUY/12.05.15                 335            283                    1 YR                      EMKAY RESEARCH
2. BANK OF BARODA       BUY/12.05.15                 220            160                    1 YR                      ICICI SECUR.
3. HINDALCO                       BUY/11.05.15                 162            142                    1WEEK                 NIRMAL BANG
4. PNB                                    BUY/11.05.15                  177            147.4                1 YR                       ICICI SECUR.
5. TITAN INDS                      BUY/11.05.15               445/450       366.45             1YR                     ICICI SECUR./EMKEY RSCH.
6. TATA STL                          BUY/11.05.15                  420            376.45             1 MNTH                 NIRMAL BANG

 










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