Equity Market Weekly Wrap and Investment Ideas @ Moneymaker Advices

Weekly Wrap: - Indian equity markets registered impressive gains in the week ended Friday, 13 February 2015. The Sensex gained in four out of five trading sessions. The Sensex advanced 377.02 points or 1.31% to settle at 29,094.93. The Nifty rose 144.45 points or 1.66% to settle at 8,805.50. On the macro front, the rate of inflation based on the consumer price index (CPI) rose 5.11% in January 2015 compared with a 4.28% gain in December 2014.

Domestic and global macro-economic data, trend in global markets, investment by foreign portfolio investors (FPIs) and domestic institutional investors (DIIs), the movement of rupee against the dollar and crude oil price movement will dictate trend on the bourses.

On The F&O Front : - Weekly data shows in the past trading sessions, we have seen strong Put writing in 8900/8800/8700 strikes & major Call build up at 9100\9000\8900 strikes indicating a positive bias for market, in the near term. On the Call front 9000 & on the Put front 8700 has the maximum OI. 8700 is playing the strong support for upside.

On Technical Front: - On Nifty weekly chart strong resistance is seen at 8890 if it breaks with high volume, more bullishness is expected. Nifty Directional: - Buy Nifty Future Above 8900 Target 8950, 9000 Stop Loss 8800.

Time Frame : – 1 Week