Emkay: Trading Today

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RAJESH DESAI

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Jul 10, 2012, 11:54:30 PM7/10/12
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Trading Today

(July 11, 2012)

 

 

From Our Technical Desk

From The Dealing Desk

Market Outlook:

 The markets ended on a strong note on account of strong global cues. All the major sectoral indices ended in green, FMCG and Auto counters being the highest gainers.    

Nifty:

The markets ended on a strong note on account of huge buying seen in the heavy weight stocks like Icici Bank, Axis Bank L&T etc. The 5 DMA at 5,315 will continue to act as an immediate support for Nifty. On the higher side resistance is seen at 5,360/5,380 levels where selling pressure is expected. A close above 5,380 will further extend the rally up to 5,420/5,450 levels.    

Support: Major support level 5,330/5300.

 

 

Investment Ideas

  • Mind Tree CMP @ Rs.665 (Target Price: Rs.730)

Trading Ideas

  • Positive bias is in stocks like Lupin (Target 590), Wockhardt (Target 1000) and Tata Motors (Target 275). 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

 

 





--
CA. Rajesh Desai

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