Emkay: Trading Today

[Rajesh Desai]

Trading Today (February 00, 2013)

From Our Technical Desk From The Dealing Desk   Market Outlook: The markets witnessed selling pressure and ended in red. Buying was seen in the Technology sector while Realty and Auto counters witnessed selling pressure. Nifty: Nifty witnessed selling pressure across the board and ended in red. The daily chart of Nifty suggests that the markets have entered the over sold zone since RSI is trading at 29 levels and markets might witness some recovery from this level. The trend is negative expect selling pressure to continue around 5820/5850 levels. Support is seen at 5740/5720 levels.            Support: Major support level 5740/5720.     Investment Ideas Tech Mahindra @ Rs. 1027 (Target Price: Rs. 1100) Trading Ideas Negative Bias – Hindustan Unilever March Futures (Target 440), Jubilant Food March Futures (Target 1000) & Cipla March Futures (Target 330).  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 (February 28, 2013)

From Our Technical Desk From The Dealing Desk

Market Outlook: The markets recovered smartly from the days low and ended in green. Buying was seen in the Realty and Metal counters while Technology sector witnessed selling pressure. Nifty: Nifty recovered smartly from the days low and ended in green. Nifty is expected to remain volatile ahead of F&O Expiry and the annual budget and one need to trade with strict stop loss. Support for Nifty is seen at 5740/5720 levels. The 100 DMA at 5856 will act as a stiff resistance for Nifty. Support: Major support level 5760/5740. Investment Ideas Zee Entertainment @ Rs. 220 (Target Price: Rs. 275)

Trading Ideas Negative Bias – Hindustan Unilever March Futures (Target 440), Jubilant Food March Futures (Target 1000) & Cipla March Futures (Target 330). 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 (March 05, 2013)

From Our Technical Desk From The Dealing Desk

Market Outlook: The markets consolidated throughout the day and ended marginally in red. Buying was seen in banking sector while Metal and Realty sectors witnessed selling pressure. Nifty: Nifty consolidated throughout the day and ended marginally in red. The daily chart of Nifty suggests a DOJI formation which signifies indecision in the markets. Support for Nifty is seen at 5670/5650 and a close below this level will further drift Nifty lower to test its 200 DMA at 5554. The 5 DMA at 5733 will act as an immediate resistance for Nifty. The negative trend is very much intact and every rise shall be used to cut long positions. Support: Major support level 5670/5650. Investment Ideas ZEE Entertainment @ Rs. 220 (Target Price: Rs. 275) Trading Ideas Negative bias - Hind lever (Target 420), SBIN (Target 1995), Bajaj Auto (Target 1880) and Cipla (Target 330). 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