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H
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W EE E K L Y
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02 MAY 06 MAY 2016
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MARKET GOSSIPS
NIFTY WEEKLY
S2
S1
CRUCIAL POINT
R1
R2
7894.80
7650
7760
8010
8010
8100
Markets showed buying momentum in the first half of the week and made
new highs for this year but strictly faced resistance at such levels and
severely dropped down on back of global cues as BoJ kept their policy
unchanged while European markets too worsened the sentiments finally
closing the week in red territory. Now, 8010 is still seen as key resistance
level and breakout above it can only lead the index higher while on lower
side upper trend line of channel pattern so shown in chart above i.e. 7760
may act as good support for the index. On weekly charts, the candlestick
pattern so formed is not so supporting for bullish breakouts; however, buying
can be seen from support levels in the coming week. Volatility can be seen on
quarterly earnings while key economic indicator Nikkei Markit Manufacturing
PMI is to be released on Monday.
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INDEX
VALUE
PTS
SENSEX
25606
-232
-0.90
NIFTY
7849
-50
-0.63
BANK NIFTY
16795
92
0.54
INDIA VIX
16.53
0.15
0.90
BAJAJ FINANCE
7466
P.
Close
6984
BHARTI INFRATEL
396.55
DEN
Price
DII
25-APRIL-16
222.34
-747.95
26-APRIL-16
512.22
21.21
27-APRIL-16
411.00
-295.07
28-APRIL-16
120.63
-416.21
29-APRIL-16
-205.30
28.13
FII
DATE
Indices Change
Scrip
Price
P. Close
6.90
FRL
129.55
149.00
13.05
373.30
6.23
VEDL
94.85
105.05
9.71
94.20
89.20
5.61
APLLTD
553.00
610.85
9.47
INDIACEM
93.10
88.70
4.96
CROMPGREAV
54.30
59.85
9.27
WIPRO
586.85
559.20
4.94
HINDCOPPER
52.40
57.00
8.07
RELCAPITAL(EQ)
BUY
ZEEL(EQ)
BUY
LAST UPDATE
LAST UPDATE
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WEEKLY
PICK
NIFTY FUT.
TECHNICAL VIEW
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