WEEKLY REPORT ON EQUITY

NEWS INSIGHT

• Aurobindo Pharma completes $132.5-million Natrol acquisition.
• MaXposure Media Group founders buy back stake from Gruner+Jahr for Rs 40crore.
• Mankind Pharma to expand business, looks for new markets.
• Mahindra eyes West European markets for electric vehicles.
• ICICI Bank to sell its Russian subsidiary.
• SpiceJet nosedives over 14% as financial troubles grow; Jhunjhunwala keeps faith, FIIs exit.
• NASA launches new Orion spacecraft and new era.

NIFTY ANALYSIS

• Positional Support for Nifty 8460.
• Positional Resistance of Nifty 8630.
• Immediate resistance for NIFTY is 8550.
• Intraday Support of NIFTY is 8500.
• Oscillator Analysis The oscillator is showing SELL signal.
• Short Term Oscillator Analysis- The signal is SELL.
• Market has made a Spinning top and is returning from high of 8630 which is the positional resistance. Sell of rise is advsed.