Emkay: Trading Today

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Rajesh Desai

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Feb 17, 2013, 11:28:22 PM2/17/13
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Trading Today

(February 18, 2013)

From Our Technical Desk

From The Dealing Desk

Market Outlook:

The markets traded within a wide range amid high volatility and ended in red. Buying was seen in the Auto and Banking sectors while Oil & Gas sector witnessed selling pressure.

Nifty:

Nifty ended in red after a volatile session. The 100 DMA at 5851 will act as an immediate support for Nifty. The daily chart of Nifty suggests that the markets have entered the over sold zone since RSI is trading at 32 levels and markets might witness some recovery up to 5920/5950 levels. The trend has turned negative and positive development can be seen only if Nifty closes above 6000 levels until then expect selling pressure to continue.

Support: Major support level 5850/5820.

Investment Ideas

  • ONGC @ Rs. 323 (Target Price: Rs. 441)

Trading Ideas

  • Positive bias - Zee Ltd (Target 260), JP Associates (Target 79) and Mcdowell (Target 2040). 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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Rajesh Desai

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Feb 19, 2013, 11:24:20 PM2/19/13
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Trading Today

(February 20, 2013)

From Our Technical Desk

From The Dealing Desk

Market Outlook:

The markets smartly recovered from the days low and ended in green. All the major sectoral indices ended in green Realty and Technology counters being the highest gainers.

Nifty:

Nifty recovered from the days low and ended in green. The 100 DMA at 5856 will continue to act as a strong support for Nifty and major sign of weakness can be seen only if Nifty closes below this level. Resistance is seen at 5980/6000 and a close above this level will further extend the rally up to 6020/6050 levels.

Support: Major support level 5880/5850.

Investment Ideas

  • Madras Cement @ Rs. 243 (Target Price: Rs. 275)

Trading Ideas

  • Positive bias - Mcdowell (Target 2040). 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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