EMKAY: Trading Today

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Rajesh Desai

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Feb 18, 2013, 11:32:07 PM2/18/13
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Trading Today

(February 19, 2013)

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 the Realty and Metal sectors while Technology sector witnessed selling pressure.

Nifty:

Nifty traded within a tight range amid high volatility and ended on a flat note. The daily chart of Nifty suggests DOJI formation which signifies indecision in the market. Support is seen at 5880/5850 and a close below this level will further drift Nifty lower to test 5800/5780 levels. The 50 DMA at 5981 will continue to act as a stiff resistance 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 5880/5850.

Investment Ideas

  • Power Grid @ Rs. 108 (Target Price: Rs. 133)

Trading Ideas

  • Positive bias - Zee Ltd (Target 260), JP Associates (Target 79) and Mcdowell (Target 2040). 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
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