Daily Equity Report By Money CapitalHeight 14-01-2013

Nifty down by 17pts settles at 5951 & Sensex closed flat. Euro markets up with DAX by 12pts at 7720, FTSE by 13pts at 6114 & CAC down by 6pts at 3697.

Indore, India (prHWY.com) January 13, 2013 - MARKET WRAP FOR Equity

* India market consolidates with negative biasness, Nifty down by 0.3%.
* Asian market lower, increase in China inflation faded surmise of policy easing.
* GBP Manufacturing Production -0.3%, CHF CPI -0.2%, Dow Future up by 35pts.
Indian indices breathe negative due to latest data showing decline in IIP in Nov-12 & contraction in merchandise exports in Dec-12, despite of Infosys better than expect quarter result. Nifty down by 17pts settles at 5951 & Sensex closed flat. Euro markets up with DAX by 12pts at 7720, FTSE by 13pts at 6114 & CAC down by 6pts at 3697.
CH NIFTY OUTLOOK
NIFTY TREND: CONSOLIDATE
NIFTY SPOT LEVELS:
SUPP 1: 5950
SUPP 2: 5875
RES 1: 6050
RES 2: 6135
CH BANK NIFTY OUTLOOK
CH BANK NIFTY TREND - CONSOLIDATE
BANK NIFTY FUTURE LEVELS:
SUPP 1: 12450
SUPP 2: 12230
RES 1: 12915
RES 2: 13250

Stock Recommendation
Stock recommendation for 14/01/2013 is Hindustan Unilever. Major Trend in the stock is bullish. HUL is forming Head & Shoulder (Price reversal pattern) in daily chart from last four month near to its top. In today's trading session stock takes breakout of its Head & Shoulder pattern with good volume and momentum and close near to its 200DMA. Stock was down more than 3.50%. One can go for short position in HUL below 496. HUL may test level of 460 in short term.
Our recommendation on HUL is SELL below 496 for the Target of 480/ 460.

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