Daily Equity Report By Money CapitalHeight 26-11-2012

Indian indices recover from low but close in red as investors turned cautious ahead of the government decision to allow foreign direct investment in retail trade.
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Indore, India (prHWY.com) November 26, 2012 - MARKET WRAP FOR EQUITY

* India market ended lower, Nifty & Sensex marginally down by 0.06%.
* Asian pacific ended higher on better global economic data report.
* EUR German Ifo business climate at 101.4, ahead CAD core CPI...
Indian indices recover from low but close in red as investors turned cautious ahead of the government decision to allow foreign direct investment in retail trade. Nifty down by 1pts settle at 5626 & Sensex by 10Pts settle at 18506. Euro Market trading almost flat with DAX at 7245, CAC at 3498 & FTSE up by 07pts at 5798. Dow Future up by 21pts...
CH NIFTY OUTLOOK
NIFTY TREND: CONSOLIDATE
NIFTY SPOT LEVELS:
SUPP 1: 5550
SUPP 2: 5455
RES 1: 5665
RES 2: 5730
CH BANK NIFTY OUTLOOK
CH BANK NIFTY TREND - CONSOLIDATE
BANK NIFTY FUTURE LEVELS:
SUPP 1: 11230
SUPP 2: 10950
RES 1: 11590
RES 2: 11745

Stock Recommendation
stock recommendation for 26/11/12 is Jet Airways. The major trend in stock is bearish. Jet Airways has outperformed market in current year and consolidating near to 200 moving average in weekly chart form last 3-4 month. In this week stock break its consolidation range and also crosses its 200 moving average resistance with good volume and momentum. In today's trade stock was up more than 15.50%. In upcoming days we expect stock may move up from this level. One can go for long position in Jet Airways above 520; Jet Airways may move to the level of 560 in short term.
Our recommendation on Jet Airways is BUY ABOVE 520 for the TGT of 535 & 560...
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Tag Words: stock future tips, mcx tips
Categories: Finance

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