Daily Equity News Letter 23-04-2012

*Indian market remains negative, Nifty down 41pts & Sensex 129pts. *US natural gas at 25B,CB leading index m/m at 0.3%,German PPI m/m at 0.6%

INDORE, India (prHWY.com) April 23, 2012 - MARKET WRAP FOR EQUITY

* Indian market remains negative, Nifty down 41pts & Sensex 129pts.
* US natural gas at 25B,CB leading index m/m at 0.3%,German PPI m/m at 0.6%
* Asian stocks negative on weak US economic data, Dow future down 45pts.

The markets remain negative & Nifty April futures tumbling over 300 pts to low of 5,000, next week F&O expiry. Nifty down 41pts settles at 5290 & Sensex by 129pts settles at 17373.Realty, Infra & bank was biggest loser. Euro markets were green, CAC up 18pts at 3192, FTSE by 22pts at 5766 & DAX by 65pts at 6737. Dow Futures down 45pts.

CH NIFTY OUTLOOK
NIFTY TREND: CONSOLIDATE
NIFTY SPOT LEVELS:
SUPP 1: 5275
SUPP 2: 5210
RES 1: 5380
RES 2: 5450

CH BANK NIFTY OUTLOOK
BANK NIFTY TREND: CONSOLIDATE
BANK NIFTY FUTURE LEVELS:
SUPP 1: 10340
SUPP 2: 10235
RES 1: 10620
RES 2: 10880

Stock Recommendation
CapitalHeight's stock recommendation for 08/02/12 is Jet Airways. Jet airways has made a rounding bottom on the daily chart and made a cup and handle break out on the daily chart of which stock rallied today nearly 15% and gained more than 43 Rs. The stock has much more upside left as it has also closed above its 200 DSMA which is a positive signal. If it breaks the level of 352 then can see sharp rally to the level of 380-390 in coming week.

Our recommendation on Jet Airways is BUY above 342 for the Tg of 345 & 350.


Money CapitalHeight Research Pvt Ltd is a leading Stock Advisory Company Company having a strong hold in providing most authentic and accurate Stock Tips as well as Commodity tips .
We are a team of highly qualified and experienced analysts team, who deliver their expertise in providing stock market calls for traders which include tips Stock Tips as well as Commodity tips . All services are provided through SMS and Instant Messenger.
Our research is based around these services:
* Stock tips
* Commodity tips
* Mcx tips.
* Equity tips
* Intraday tips
For 2 Days Free Trial, 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

###

Tag Words: stock tips, equity tips, intraday tips, mcx tips

Categories: Finance

Press Release Contact
For 2 Days Free Trial, 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

Link To This Press Release:

URL HTML Code