Emkay: Trading Today Apr 16, 2013

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Rajesh Desai

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Apr 16, 2013, 4:20:30 AM4/16/13
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Trading Today

(April 16, 2013)

From Our Technical Desk

From The Dealing Desk

Market Outlook:

Market ended in green after a volatile session. Buying was seen in the Oil & Gas and Banking sectors while Metal and Auto sectors witnessed selling pressure.

Nifty:

Nifty ended in green after a volatile session. Nifty closed above its 5 DMA and the positive crossover of the RSI indicates that the short term trend has tuned positive. Support for Nifty is seen at 5520/5500 levels and a close below this level will further drift Nifty lower to test 5420/5400 levels. The 200 DMA at 5647 will act as a stiff resistance for Nifty and we need a very strong trigger to surpass this level.

Support: Major support level 5520/5500.

Investment Ideas

  • Madras Cements @ Rs. 234 (Target Price: Rs. 275)

Trading Ideas

  • Positive bias – Hero Motocorp 1500 CE & Kotak Bank (Target 670).
  • Negative bias – Titan April Futures (Target 230) & HUL April Futures (Target 440). 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

Third Party Product Update
  • SREI INFRASTRUCTURE FINANCE LTD. - Public issue of secured redeemable NCD

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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