Emkay: Trading Today Mar 21, 2013

Trading Today (March 21, 2013)

From Our Technical Desk From The Dealing Desk Market Outlook: The markets ended in red on account of weakness seen across the globe. Buying was seen in the FMCG sector while Realty and Banking sectors witnessed selling pressure. Nifty: Nifty witnessed selling pressure across the board and ended in red. The 200 DMA at 5627 will act as a strong support for Nifty and a close below this level will further drift Nifty lower to test 5550/5500 levels. Resistance is seen at 5780/5800 levels. Positive development can be seen only if Nifty closes above 5900 until then expect selling pressure to continue. Support: Major support level 5680/5650. Investment Ideas GRASIM @ Rs. 2900 (Target Price: Rs. 3900) Trading Ideas Positive bias - Bajaj Auto (Target 1950), Sun Pharma (Target 870), Mcdowell (Target 2080) and Tata Global (Target 160). On the Nifty March Options front: Sell 5800 ce@90 & 5800pe@46 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

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