Calls for 14th july

RESEARCH -Nifty (FUT) R-4000/4035/4120 S-3950/3915/3865; Sensex (CASH)
R-13500/13600/13840 S-13360/13255/13115; MARKET OUTLOOK:
VOLATILE 8.57A

RESEARCH: MARKET OUTLOOK: NIFTY has disappointed after the budget and poor monsoon. Technically NIFTY is trading below the psychological support level of 4092 suggesting weak outlook. Break above 4092 on daily closing basis, NIFTY can move towards 4130 & 4202 levels or even 4232 in short term. Strong recovery can be expected only above 4232 levels.As for intraday’s trade, NIFTY may open with an upside gap and it can be expected to trade sideways. If NIFTY sustains above 4020 levels, then upside target can be placed at 4092 or even 4130 levels. While on the downside, Nifty is likely to take support at 3934 and 3918 levels.

9:46 AM 7/14 RESEARCH-Global Market (in %): DOW JONES (+2.27%), S&P 500 (+2.49%), NASDAQ (+2.12%), FTSE (+1.82%), DAX (+3.19%), NIKKEI (+2.37%), HANG SENG (+2.31%) & SGX NIFTY (+57 POINTS)

11:35 AM 7/14 RESEARCH: SHORT-TERM FUNDAMENTAL CALL : BUY BANK OF RAJ CMP 47 TGT 50.5 SL 45.3

12:22 PM 7/14 RESEARCH : HDFC Bank Q1 PAT down by 4% to Rs 606.11 cr Vs 630.88(QoQ)

1:23 PM 7/14 RESEARCH:INTRADAY CALL (CASH) : BUY INDIA CEM ABOVE 135 TGT 140 SL 132.50

3:00 PM 7/14 RESEARCH : BTST CALL ( CASH ): BUY RENUKA ABOVE 130 TGT 136.50 SL 126.75