1
2

Amidst large scale volatility, especially towards the closing of the week, the broader index maintained its series of six consecutive weekly gains & closed at yet another life high. Though the index is grossly overbought (as indicated by a host of momentum oscillators), yet prices are at present being driven by sheer liquidity & it might therefore not be prudent to bet against the prevailing bullish trend. The zone of 10560 to 10580 serves as a support zone for next week and an intermediate pull back could be expected only upon successful violation of these levels downwards.

1
2

We believe the primary uptrend is ripe for resumption in this major auto-maker scrip. One could therefore buy Maruti above 9500 with stop loss at 9300 & a target 9900.

1
2

This IT behemoth is one of the outperformers among its peers. The uptrend is pretty straight forward & the current pull back might be a good buying opportunity. Major supports exist at 2620 levels. Buy on decline to 2750 regions.

1
2

This chemical & textile sector stock is exhibiting a nice uptrend & on Friday, SRF gave a nice breakout also to its lifetime high. We recommend buying this stock on little decline to 1980 regions with stop loss at 1935 (by closing) & target 2100.

1
2

We had recommended this stock earlier as well and the secular uptrend continues unabated since long. On Friday, it yet again broke out from its one month consolidation zone & closed at life high. One can buy it at CMP with stop loss at 312 & target 345.



New User?Register Now
×

Research Disclaimer

Proficient Equities Pvt. Ltd. is engaged in services of retail broking and shares research data and reports periodically with clients, investors, stakeholders and general public in compliance with SEBI Act, 1992, SEBI (Research Analysts) Regulations, 2014 and/or any other applicable directives, instructions or guidelines issued by the Regulators from time to time.

Proficient Equities Pvt. Ltd. (hereinafter referred to as “Proficient”) is a registered Member of NSE Limited, BSE Limited, MSEI Limited and its associate is member of MCX and NCDEX stock Exchange. It is also registered as a Depository Participant with CDSL.

Our research report is for your general information only and reproducing, re-circulating, publishing it in any media,website, in partial form or as a whole, without the express consent of Proficient Equities Pvt. Ltd. is prohibited. The
report is meant solely for use by the original recipient to whom it is sent. It does not take into account the particular investment objectives, financial situations, or needs of individual clients. The recommendations, if any, made herein are expression of views and/or opinions and should not be deemed or construed to be neither advice/offer for the purpose of purchase or sale of any securities mentioned herein. Investor should rely on information/data arising out of their own investigations. Investors are advised to seek independent professional advice and arrive at an informed trading/investment decision before executing any trades or making any investments.

Proficient or its associates including its relatives/analyst do not hold any financial interest/beneficial ownership of more than 1% in the company covered by Analyst. Proficient or its associates/ relatives neither has been debarred/suspended by SEBI or any other regulatory authority/exchange for accessing/ dealing in securities Market nor have any material conflict of interest. Proficient or its associates/ analyst have neither received any compensation from the company covered by Analyst during the past twelve months nor any subject company have been a client of Proficient during the past twelve months. Proficient or its associates has not received any compensation or other benefits from the company covered by analyst or third party in connection with the research report. The Analyst has not served as an officer, director or employee of company covered by Analyst and Proficient has not been engaged in market making activity of the company covered by Analyst.

The views expressed are based solely on information available publicly available/internal data/ other reliable sources believed to be true.Proficient does not represent/ provide any warranty express or implied to the accuracy, contents or views expressed herein and investors are advised to independently evaluate the market conditions/risks involved before making any investment decision.

SEBI Research Analyst Reg. No. INH 300002498
Proficient Equities Pvt. Ltd.
×