Emkay - Trading Today

[Rajesh Desai]

Trading Today (January 17, 2013)

From Our Technical Desk From The Dealing Desk   Market Outlook: The markets ended witnessed selling pressure across the board and ended in red. All the major sectoral indices ended in red Auto and Metal counters being the worst hit. Nifty:       Nifty witnessed selling across the board and ended in red. The 20 DMA at 5981 will act as an immediate support for Nifty and a close below this level will further drift Nifty lower to test 5920/5900 levels. Resistance is seen at 6020/6050 and positive development can be seen only if Nifty closes above this level until then expect selling pressure to continue. Support: Major support level 5980/5950.     Investment Ideas Zee ltd @ Rs. 222 (Target Price: Rs. 275) Trading Ideas Positive bias - SBIN (Target 2600) and Aurobindo Pharma (Target 210). 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 18, 2013)

From Our Technical Desk From The Dealing Desk

Market Outlook: The markets recovered from the days low and ended in green. All the major sectoral indices ended in green, Oil & Gas and Realty counters being the highest gainers. Nifty:       Nifty recovered from the days low and ended in green. The 20 DMA at 5986 will act as an immediate support for Nifty and a close below this level will further drift Nifty lower to test 5920/5900 levels. Major sign of weakness can be seen only if Nifty closes below 5920/5900 levels until then expect consolidation to continue amid high volatility. Resistance is seen at 6050/6080 for Nifty. Support: Major support level 6000/5980.     Investment Ideas NMDC @ Rs. 159 (Target Price: Rs. 196)

Trading Ideas Positive bias - SBIN (Target 2600) and Aurobindo Pharma (Target 210). 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