Emkay: Trading Today

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RAJESH DESAI

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Aug 31, 2012, 12:11:51 AM8/31/12
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Trading Today

(August 31, 2012)

 

 

From Our Technical Desk

From The Dealing Desk

 

Market Outlook:

 The markets traded within a wide range amid high volatility and ended with modest gains.   Buying was seen in the Banking and Realty counters while Metal sector witnessed selling pressure.           

Nifty:

Nifty recovered smartly from the days low and ended with modest gains. The 50 DMA at 5,268 will continue to act as a support for Nifty. Nifty has lost almost 150 points in last four trading sessions and we might see some recovery from this level. The 5 DMA at 5,344 will act as an immediate resistance for Nifty. Positive development can be seen only if Nifty closes above 5,350 levels until then expect selling pressure to continue at higher levels.

Support: Major support level 5,300/5,280.

 

 

Investment Ideas

  • CESC CMP @ 310

Trading Ideas

  • No call initiated at this point of time.

 

Statistical Data

  • 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

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