Trading Today
(August 13, 2012)
From Our Technical Desk
From The Dealing Desk
Market Outlook:
The markets traded within a wide range amid high volatility and ended on a flat note. Buying was seen in Technology and FMCG counters Banking and Auto sectors witnessed selling pressure.
Nifty:
Nifty consolidated throughout the day amid high volatility and ended on a flat note. Nifty is expected to trade in the range of 5,300 on the lower side and 5,400 on the higher side and any strong move on either the side will decide the trend. The 5 DMA at 5,339 will act as an immediate support for Nifty. Positive development can be seen only if Nifty closes above 5,400 until then expect selling pressure to continue at higher levels.
Support: Major support level 5,300/5,280.
Investment Ideas
- Ranbaxy CMP @ Rs.484 (Target Price: Rs.559)
Trading Ideas
- Positive bias is in stocks like ZeeL (Target 190), Mangalore Chem (Target 57) and Indian Hotel (Target 68). 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
Trading Today
(August 16, 2012)
From Our Technical Desk
From The Dealing Desk
Market Outlook:
The markets ended in green on account of strong global cues. Buying was seen in Banking and Auto counters while Realty sector witnessed selling pressure.
Nifty:
Nifty ended in green on account of strong global cues. Nifty continues to close above it’s short term moving averages and the positive crossover of the RSI indicates that the rally may further extend up to 5,420/5,450 levels. The 5 DMA at 5,365 will act as an immediate support for Nifty. However major positive development can be seen only if Nifty closes above 5,420 /5,450 until then expect selling pressure to continue at higher levels.
Support: Major support level 5,350/5,320.
Investment Ideas
- India Cements CMP @ Rs.87 (Target Price: Rs103)
Trading Ideas
- Positive bias is in stocks like ZeeL (Target 190) and Indian Hotel (Target 68). 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