Please Share:: 
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� �
Trading Today
(March 09, 2012)
|
From Our Technical Desk
|
From The Dealing Desk
|
Market Outlook:
The markets traded within a wide range amid high volatility and ended on a flat note. Buying was seen in Technology and Realty counters while Metal and Oil & Gas counters witnessed selling pressure.
Nifty:
The markets ended on a flat note after a very volatile session. The 200 DMA, 50 DMA and the trend line on the weekly chart at 5,180 will act as a very important support level for Nifty where buying can emerge and close below this level would drift Nifty further lower to 5,070 levels. The 5 DMA at 5,322 will act as an important resistance level and we need a very strong trigger to surpass this level
Support: Major support level 5,200/5,180.
Conclusion: Market to remain volatile, trade with strict Stop Loss.
|
Trading Ideas
- Trading idea which we like is JAI CORP (Target 125), HINDALCO (Target 145) & HPCL (Target 345). Traders maintain stop loss accordingly.
Investment Ideas
- Reliance Industries CMP @ Rs 762 (Target Price: Rs 879)
|
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
|
|
|
|
No comments:
Post a Comment