Daily Equity Report By Money CapitalHeight 07-12-2012

Indian indices extending its winning run to the third day as BSP throwing its weight behind government on FDI issue in Rajya Sabha.

Indore, India (prHWY.com) December 7, 2012 - MARKET WRAP FOR Equity

* India market advanced in volatile trade, Nifty up by 0.52% & Sensex by 0.49%.
* Asian pacific rose as data on U.S. services and factory orders beat estimate.
* GBP official bank rate 0.50%, EUR minimum bid rate 0.75%, CHF CPI -0.3%...
Indian indices extending its winning run to the third day as BSP throwing its weight behind government on FDI issue in Rajya Sabha. Nifty up by 30pts settle at 5930 & Sensex by 94Pts settle at 19486. Euro Market green with DAX up by 71pts at 7526, CAC by 07pts at 3598 & FTSE by 18pts at 5910, Dow Future marginally up by 02pts.
CH NIFTY OUTLOOK
NIFTY TREND: BULLISH
NIFTY SPOT LEVELS:
SUPP 1: 5915
SUPP 2: 5850
RES 1: 6040
RES 2: 6095
CH BANK NIFTY OUTLOOK
CH BANK NIFTY TREND - BULLISH
BANK NIFTY FUTURE LEVELS:
SUPP 1: 12210
SUPP 2: 12000
RES 1: 12650
RES 2: 12845

Stock Recommendation
stock recommendation for 07/12/12 is Punjab National Bank. Major trend in the stock is bullish. PNB is facing resistance from 200DMA from many months and stock has shown some strength after retracing up to 61.8% of its major rally. In today's trade stock breaks its trend line resistance with good volume and momentum and also provides closing above its 200DMA. Stock was up about 1.15%. In upcoming days we expect stock may move up from this level. One can go for long position in PNB above 826; PNB may move to the level of 870 in near term.
Our recommendation on PNB is BUY ABOVE 826 for the TGT of 845/ 870...
Money CapitalHeight Research Pvt Ltd is a leading Stock Advisory Company having a strong hold in providing most authentic and accurate MCX 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 MCX 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 future tips, mcx tips

Categories: Finance

Press Release Contact
Money CapitalHeight Research Pvt Ltd,
Plot No.21, II Floor,Usha Nagar Extension,
Near Ranjit Hanuman Temple,
Above State Bank of Patiala,
Indore-452009
91731425950

Link To This Press Release:

URL HTML Code