Trading Today May 28, 2013

1 view
Skip to first unread message

Rajesh Desai

unread,
May 28, 2013, 12:40:10 AM5/28/13
to



Trading Today

(May 28, 2013)

From Our Technical Desk

From The Dealing Desk

Market Outlook:

Market ended in green after a volatile session. All the major sectoral indices ended in green, Oil & Gas and metal counters being the highest gainers.

Nifty:

Markets ended in green on account of positive global cues. Nifty is expected to remain volatile ahead of F&O Expiry and one need to trade with strict stop loss. The 20 DMA at 6048 will act as a strong support for Nifty. Resistance is seen at 6120/6150 and a close above this will further extend the rally up to 6220/6250 levels.

Support: Major support level 6020/6000.

Investment Ideas

  • Tech Mahindra Ltd @ Rs. 954 (Target Price: Rs. 1050)

Trading Ideas

  • Positive bias – Yes Bank (Target 560) & Dr Reddy (Target 2210). Traders maintain stop loss accordingly.

Third Party Product Update

Statistical Data

Tax Free Bonds

Tax free bonds are bonds where, holder of the instrument does not have to pay any tax on interest income. These bonds are generally issued by government backed entities, are exempt from taxation on the interest income received from such instruments under the Income Tax Act, 1961. When comparison done with other fixed coupon securities, these bonds have lower coupon due to additional benefit like higher credit rating and tax benefit. If we see post tax return, tax free bonds are always giving better return than other similar rating instruments.

One can invest in these bonds via IPO or through secondary market, as these bonds are listed on BSE and NSE. Other option is off market deal.
  • 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



--
CA. Rajesh Desai
image001.gif
Reply all
Reply to author
Forward
0 new messages