Emkay: Trading Today
Rajesh Desai
Trading Today
(January 07, 2013)
From Our Technical Desk
From The Dealing Desk
Market Outlook:
The markets ended on a flat note after a volatile session. Buying was seen in Technology and Banking counters while Metal and Auto sectors witnessed selling pressure.
Nifty:
Nifty ended on a flat note after a volatile session. The 5 DMA at 6016 will continue to act as a strong support for Nifty. Resistance is seen at 6060/6080 and a close above this level will further extend the rally up to 6120/6150 levels. The positive trend is very much intact until Nifty holds 5900 and any dip can be considered as a good buying opportunity.
Support: Major support level 5980/6000.
Investment Ideas
- IRB Infrastructure Developers @ Rs. 133 (Target Price: Rs. 230x)
Trading Ideas
- Positive bias - Mc Dowell (Target 2050), Strides Arcolab (Target 1200), SBI (Target 2600) & Bank of Baroda (Target 950). 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
Rajesh Desai
Trading Today
(January 08, 2013)
From Our Technical Desk
From The Dealing Desk
Market Outlook:
The markets witnessed selling pressure during the last hour of trade and ended marginally in red. Buying was seen in Metal and Auto counters while Realty and FMCG sectors witnessed selling pressure.
Nifty:
Nifty ended in red after a volatile session. The 20 DMA at 5942 will continue to act as a strong support for Nifty. Resistance is seen at 6050/6080 and a close above this level will further extend the rally up to 6120/6150 levels. The positive trend is very much intact until Nifty holds 5900 and any dip can be considered as a good buying opportunity.
Support: Major support level 5980/5950.
Investment Ideas
- Exide Industries @ Rs. 146 (Target Price: Rs. 175)
Trading Ideas
- Positive bias - Mc Dowell (Target 2050), SBIN (Target 2600), IRB Infra(Target 160) & Bank Of Baroda (Target 950). 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
Rajesh Desai
|
Trading Today (January 10, 2013) |
|
|
|
|
| ||||
|
|
|
--
CA. Rajesh Desai