Trading Today Fri, May 3, 2013

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Rajesh Desai

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May 3, 2013, 12:33:53 AM5/3/13
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Trading Today

(May 03, 2013)

 

 

From Our Technical Desk

From The Dealing Desk

Market Outlook:

Market traded firmly throughout the day and ended in green. All the major sectoral indices ended in green, Technology and Realty sectors being the highest gainers.  

Nifty:      

The markets traded firmly throughout the day and ended in green. Nifty has entered the over bought zone since RSI is trading at 69 levels and Nifty might witness some profit booking taking place around this level. The 5 DMA at 5931 will act as an immediate support for Nifty. Resistance is seen at 6050/6080 and a close above this level will further extend the rally up to 6150/6180 levels.  

 Support: Major support level 5980/5950.

 

 

Investment Ideas

  • United Phosphorus @ Rs. 143 (Target Price: Rs. 172)

Trading Ideas

  • Positive bias - Aurobindo Pharma (Target 210), Unitech (Target 33), TCS (Target 1470), Infy (Target 2400), Yes Bank (Target 560) and Wockhardt (Target 2060). Traders maintain stop loss accordingly.

 

Third Party Product Update

Statistical Data

 

Reasons to Invest in Bond Fund

 

  • Benefit from high interest rates: The fund can invest in securities at a time when interest rates are near their peak levels.
  • Potential for Capital Appreciation: When interest rates start reducing this can lead to potential for capital appreciation.
  • Tax Efficiency & Indexation Benefits: The fund offers tax efficient returns as well as Indexation benefits.
  • Portfolio Diversification:  Investing in the fund will enable you to balance your portfolio between equity and debt portions.
  • Liquidity:  As the fund is open-ended, units for purchase and redemption are offered at the applicable NAV on an ongoing basis.

 

Why Fixed Deposit

Fixed deposit is one of the oldest & most common methods of Investing. FDs look great because you get a decent risk-adjusted return and your principal is protected. Fixed deposits help you to secure your hard earned money for a long duration. Fixed deposit is a financial instrument for you to deposit your money for a fixed duration ranging from 15 days to 5 years.

¾                    Quality Companies Offering Attractive Return

 

  • 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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