Equity Weekly report at 8 Feb, Free nifty tips, Stock market trading tips and news

Friday market update:- The Equity market closed positive side with green sound. The Sensex was ended 65.82 points or 0.32% up at 20376.56 and The nifty was closed 26.90 points or 0.45% at 6063.20.
Nifty top gainers:- Tata steel. JP Associate, Ambuja Cements, Bank of baroda, Sesa Goa, IDFC, Sun Pharma, ACC, Axis bank, Bajaj Auto, DLF, Ultra cements, NTPC, Cipla, Maruti Suzuki.

Nifty top losers:- Hind.unilever, TCS, Wipro, BHEL, HCL tech, Indusindbk bank, Tata power, ITC, Gail, Kotak bank, HDFC.

Weekly market update:- Volatile week nifty down 0.4% closed at 6063. Market breached the psychological 6000 mark and the 200 DMA. Foreign institutional investors were net seller in equities to the tune of Rs 1666 crore during the week. Gross domestic product(GDP) is estimated to rise 4.9% in 2013-14 from 4.5% in the previous year as per the advance estimates released by the central statistics office(CSO) late Friday PMI January rose to 51.4 points from 50.7 in December.

On the F&O front:- Weekly Data shows of February series highest open interest change in 6000,5900 strike price for put option put buying was seen at lower levels. Indicating more selling pressure in coming week call selling was seen at higher levels with high open interest.

On technical front:- on nifty weekly chart short term support of 200 day DMA 5970. if break more selling can not be ruled out.