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Trading Today
(March 29, 2012)
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From Our Technical Desk
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From The Dealing Desk
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Market Outlook:
The markets recovered smartly from the days low and ended marginally in red. Buying was seen in FMCG sector while Banking and Realty counters witnessed selling pressure
Nifty:
Nifty recovered smartly after testing its 200 DMA (5,162) and ended marginally in red. Nifty is expected to trade in the range of 5,150 on the lower side and 5,350 on the higher side and any strong move on either the side will decide the trend. Support is seen at 5,160 and major round of sell off can be seen if Nifty closes below this level. The 5 DMA at 5,233 will act as an immediate resistance and we need a very strong trigger to surpass this level.
Support: Major support level 5,180/5,150
Conclusion: Markets very volatile, trade with strict stop loss.
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Investment Ideas
- Divi's Lab CMP @ Rs 742 (Target Price: Rs927)
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Statistical Data
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- 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
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