Emkay: Trading Today Mar 21, 2013

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Rajesh Desai

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Mar 21, 2013, 12:19:29 AM3/21/13
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Trading Today

(March 21, 2013)

From Our Technical Desk

From The Dealing Desk

Market Outlook:

The markets ended in red on account of weakness seen across the globe. Buying was seen in the FMCG sector while Realty and Banking sectors witnessed selling pressure.

Nifty:

Nifty witnessed selling pressure across the board and ended in red. The 200 DMA at 5627 will act as a strong support for Nifty and a close below this level will further drift Nifty lower to test 5550/5500 levels. Resistance is seen at 5780/5800 levels. Positive development can be seen only if Nifty closes above 5900 until then expect selling pressure to continue.

Support: Major support level 5680/5650.

Investment Ideas

  • GRASIM @ Rs. 2900 (Target Price: Rs. 3900)

Trading Ideas

  • Positive bias - Bajaj Auto (Target 1950), Sun Pharma (Target 870), Mcdowell (Target 2080) and Tata Global (Target 160). On the Nifty March Options front: Sell 5800 ce@90 & 5800pe@46 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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