Emaky: Trading Today
Rajesh Desai
Trading Today
(December 28, 2012)
From Our Technical Desk
From The Dealing Desk
Market Outlook:
The markets ended in red after a volatile session. Buying was seen in the Auto and Banking counters while Technology sector witnessed selling pressure.
Nifty:
Nifty ended in red after a volatile session. Support is seen at 5850/5820 and a close below this level will further drift Nifty lower to test 5780/5750 levels. Resistance is seen at 5950/5980 and major positive development can be seen only if Nifty closes above this level until then expect selling pressure to continue at higher levels.
Support: Major support level 5850/5820.
Investment Ideas
- Reliance Power @ Rs. 93 (Target Price: Rs. 140)
Trading Ideas
- Positive bias - Indiabulls Finance (Target 300), Maruti (Target 1600), Mc Dowell (Target 2050), Jet Airways (Target 650) & Reliance Capital (Target 520). Traders maintain stop loss accordingly.
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
Rajesh Desai
Trading Today
(December 31, 2012)
From Our Technical Desk
From The Dealing Desk
Market Outlook:
The markets consolidated throughout the day and ended with modest gains. All the major sectoral indices ended in green, Oil & Gas and Technology counters being the highest gainers.
Nifty:
Nifty ended with modest gains after a volatile session. Nifty is expected to trade in the range of 5850 on the lower side and 5950 on the higher side and any strong move on either side will decide the trend. Major positive development can be seen only if Nifty closes above 5950/5980 until then expect selling pressure to continue at higher levels.
Support: Major support level 5880/5850.
Investment Ideas
- NMDC Limted @ Rs. 164 (Target Price: Rs. 196)
Trading Ideas
- Positive bias - Indiabulls Finance (Target 300), Maruti (Target 1600), Mc Dowell (Target 2050), Jet Airways (Target 650) & Reliance Capital (Target 520). 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
Rajesh Desai
Trading Today
(January 01, 2013)
From Our Technical Desk
From The Dealing Desk
Market Outlook:
The markets consolidated throughout the day amid high volatility and ended on a flat note. Buying was seen in Realty sector while FMCG and Technology sectors witnessed selling pressure.
Nifty:
Nifty ended on a flat note after a volatile session. The daily chart of Nifty suggests a negative divergence which has bearish implications. Support is seen at 5900/5880 levels for Nifty. Major positive development can be seen only if Nifty closes above 5980/6000 level until then expect consolidation to continue amid high volatility.
Support: Major support level 5900/5880.
Investment Ideas
- Wockhardt @ Rs. 1580 (Target Price: Rs. 2160)
Trading Ideas
- Positive bias - Indiabulls Finance (Target 300), Maruti (Target 1600), McDowell (Target 2050), Jet Airways (Target 650) & Reliance Capital (Target 520). 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
Rajesh Desai
Trading Today
(January 02, 2013)
From Our Technical Desk
From The Dealing Desk
Market Outlook:
The markets ended in green on account of strong global cues. All the major sectoral indices ended in green Realty and Metal counters being the highest gainers.
Nifty:
Nifty witnessed huge buying across the board and ended in green. The 5 DMA at 5940 will act as an immediate support for Nifty. Resistance is seen at 6020/6050 levels and a close above this level will further extend the rally up to 6100/6120 levels in the near term.
Support: Major support level 5920/5900.
Investment Ideas
- Tech Mahindra @ Rs. 931 (Target Price: Rs. 1050)
Trading Ideas
- Positive bias - Indiabulls Finance (Target 300), Maruti (Target 1600), Mc Dowell (Target 2050), Jet Airways (Target 650) & Reliance Capital (Target 520). 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
