Daily Equity Report By Money CapitalHeight 13-12-2012

Indian indices negative for the fourth straight day as a sharp rebound in IIP data during October and CPI inching up to 9.9 per cent in November.

Indore, India (prHWY.com) December 13, 2012 - MARKET WRAP FOR Equity

* India market ended lower, Nifty down by 0.18% and Sensex by 0.16%.
* Asian pacific rose amid speculation the Federal Reserve will ease monetary.
* GBP unemployment rate at 7.8%, EUR industrial production at -1.4% m/m..
Indian indices negative for the fourth straight day as a sharp rebound in IIP data during October and CPI inching up to 9.9 per cent in November. Nifty down by 10ts settles 5888 and Sensex by 31Pts settles at 19355. Euro Market green with DAX up by 32pts at 7622, CAC by 03pts at 3649 and FTSE by 16pts at 5941, Dow Future up by 23pts.
CH NIFTY OUTLOOK
NIFTY TREND: CONSOLIDATE
NIFTY SPOT LEVELS:
SUPP 1: 5905
SUPP 2: 5830
RES 1: 6010
RES 2: 6095
CH BANK NIFTY OUTLOOK
CH BANK NIFTY TREND - CONSOLIDATE
BANK NIFTY FUTURE LEVELS:
SUPP 1: 12210
SUPP 2: 12000
RES 1: 12650
RES 2: 12845
Stock Recommendation
stock recommendation for 13/12/12 is Reliance Capital. Major trend in the stock is bullish. Reliance Capital is trading above its 200 Daily Moving Average from couple of months and also hold its 200DMA in recent downward move. In today's trade stock move above its swing high resistance of previous rally with good volume and momentum. Stock was up more than 4.10%. In upcoming days we expect stock may move up. One can go for long position in Reliance Capital above 477; Reliance Capital may move to the level of 515 in short term.
Our recommendation on Reliance Capital is BUY ABOVE 477 for the TGT of 495/ 515...
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