Emkay: Trading Today Mar 13, 2013

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Rajesh Desai

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Mar 13, 2013, 12:00:26 AM3/13/13
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Trading Today

(March 13, 2013)

From Our Technical Desk

From The Dealing Desk

Market Outlook:

The markets continued to consolidate and ended marginally in red. Buying was seen in the FMCG sector while Realty and Banking sectors witnessed selling pressure.

Nifty:

The markets traded within a tight range amid high volatility and ended marginally in red. The 5 DMA at 5917 will act as an immediate support for Nifty. Resistance is seen at 5980/6000 levels and we need a very strong trigger to surpass this level. Positive development can be seen only if Nifty closes above 5980/6000 levels until expect consolidation to continue amid high volatility.

Support: Major support level 5900/5880.

Investment Ideas

  • L& T @ Rs. 1500 (Target Price: Rs. 1700)

Trading Ideas

  • Positive bias - Sun Pharma (Target 870), Mcdowell (Target 2080) and Tata Global (Target 160). Traders maintain stop loss accordingly.

Statistical Data
  • Derivatives Update
  • Advance Decline Ratio
  • Sector updates
  • Exchange Volumes
  • Implied Volatility for ATM Options
  • Put Call Ratio for (Open Interest)
  • FII - MF Activity
  • World Markets
  • Currency

Click here to read report: Trading Today

Thanks & Regards,

Emkay Equity Advisory | Emkay Global Financial Services Ltd. | www.emkayglobal.com

7th Floor, The Ruby, Senapati Bapat Marg, Dadar (W), Mumbai– 400 028| Board No.: +91-22-66121212 | Fax : +91 22-6612 1299


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CA. Rajesh Desai
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