Emkay: Trading Today December 04, 2013

[Rajesh Desai]

 

Trading Today (December 04, 2013)

From Our Technical Desk From The Dealing Desk   Market Outlook: Market traded within a tight range and ended on a flat note. Buying was seen in Realty and Oil & Gas sectors while Auto witnessed selling pressure.             Nifty:        Markets consolidated throughout the day and ended on a flat note. The daily chart of Nifty suggests a DOJI formation which indicates indecision in the markets. The 20 DMA at 6151   will act as a strong support for Nifty. Resistance is seen at 6280/6300 and a close above this will further extend the rally up to 6350/6380 levels. First sign of weakness can be seen if Nifty closes below 6100 until then every dip can be considered as a good buying opportunity.   Support: Major support level 6180/6150.     Investment Ideas CESC @ Rs. 395 (Target Price: Rs. 508) Trading Ideas Positive bias – Escorts (Target 135), Biocon (Target 425), Mcdowell (Target 2950), Siemens (Target 700), PTC (Target 70), Adani Port (Target 185) & Apollo Tyres (Target 90). On the options front: Buy Nifty 6200CE and Sell 6400CE for Dec (2lots each). Traders maintain stop loss accordingly.   Third Party Product Update Statistical Data   NTPC & HUDCO Tax Free Bonds   Coupon Details for HUDCO Tax Free Bonds (‘CARE AA+’ from CARE and ‘IND AA+’ from IRRPL.) Issue Opening – 2nd December 2013 ; Issue Closing - 10th January 2014 Issue Price: 1000 per Bond ; Minimum Application: Rs 5000(5 bonds).   10 Yr 15 Yr 20 Yr Others* Retail** Others* Retail** Others* Retail** 8.51% 8.76% 8.58% 8.83% 8.76% 9.01%   Coupon Details  for NTPC Tax Free Bonds (AAA Stable by ICRA and Crisil) Issue Opens: December 3, 2013; Issue Closes: December 16, 2013 Issue Price: 1000 per Bond ; Minimum Application: Rs 5000(5 bonds).   10 Yr 15 Yr 20 Yr Others* Retail** Others* Retail** Others* Retail** 8.41% 8.66% 8.48% 8.73% 8.66% 8.91% 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