CapitalHeight's stock recommendation for 01/02/12 is Tata Motors.Tata Motors after making its triangle breakout has came up and is running towardsnorth
(prHWY.com) February 1, 2012 - Indore, India -- Stock Recommendation
CapitalHeight's stock recommendation for 01/02/12 is Tata Motors.Tata Motors after making its triangle breakout has came up and is running towardsnorth. Tata Motors has made an upward channel making higher top & higher bottomstoday Tata Motors has broken that channel also & has shooted up gaining significantly more than 4%, making a long bullish candle indicating bullishness in the near term. Tata Motors is expected to test the level of 250-252 in the near term continuing which may
test the level of 260.
Our recommendation on Tata Motors is BUY above 244 for Tg of 245 & 247.
MARKET WRAP FOR EQUITY
* Indian market ends significantly up; Nifty was up 112 pts, Sensex up 330 pts.
* German retail sales m/m came at (-)1.4%; while Unemployment chng at (-)34K.
* European markets were green with CAC leading; Dow futures was up 77 pts.
The markets performed well today with all sectoral indices closing positive. Though banking, realty, auto and metal were the biggest gainers. Nifty was up 112 pts at 5199 & Sensex up 330 pts to settle at 17193. Euro markets were green with DAX up 51pts at 6495, CAC up 40pts at 3305 & FTSE up 51pts at 5722. Dow Futures was up 77pts
CH NIFTY OUTLOOK
Trend: - Consolidate
Resistance: - 5280, 5360
Support: - 5120, 5040
Strategy: - Sell on high
CH BANK NIFTY OUTLOOK
Trend: - Consolidate
Resistance: - 10180, 10400
Support: - 9700, 9500
Strategy: - Sell on high
Money CapitalHeight Research Pvt Ltd is a leading Stock Advisory Company, having a strong hold in providing most authentic and accurate Mcx Trading Tips as well as
commodity tips, mcx tips, bullion tips, equity tips, intraday tips.
For 2 Days Free Trial, In Mcx Trading Tips & Share Tips Free please visit our site at
http://www.capitalheight.com or please call our 24/7 Customer Care Support us at +91 9993066624, 0731 - 4295 - 950 Or email us at: contact@capitalheight.com
###