Indian indices surged as RBI is seen cutting its key policy rate by 25 BSP at 3rd Quarter Review of Monetary Policy 2012-13 on Tuesday, 29 Jan.
(prHWY.com) January 28, 2013 - Indore, India -- MARKET WRAP FOR Equity
* India market remains positive, Nifty up by 55pts and Sensex up by 180.
* Asia-Pacific green on growth outlook from China, Europe and the US.
* GBP prelim GDP q/q -0.3%, Index of services 0.6%. Dow future up by 82pts.
Indian indices surged as RBI is seen cutting its key policy rate by 25 BSP at 3rd Quarter Review of Monetary Policy 2012-13 on Tuesday, 29 Jan. Gains in Euro stocks boosted sentiment. Nifty up by 55pts settle at 6074 & Sensex by 179pts at 20103. Euro markets green with FTSE up by 9pts at 6274, DAX by 98pts at 7846 & CAC by 27pts at 3779.
CH NIFTY OUTLOOK
NIFTY TREND: CONSOLIDATE
NIFTY SPOT LEVELS
SUPP 1: 6010
SUPP 2: 5930
RES 1: 6115
RES 2: 6180
CH BANK NIFTY OUTLOOK
CH BANK NIFTY TREND - CONSOLIDATE
BANK NIFTY FUTURE LEVELS
SUPP 1: 12450
SUPP 2: 12230
RES 1: 12885
RES 2: 13150
Stock Recommendation
CapitalHeight's stock recommendation for 28/01/2013 is DLF. Major Trend in the stock is bearish. DFL is consolidating with negative biasness from last week after taking trend line breakout on up side. In today's trading session stock had taken support of its short term trend line and move up with good volume and momentum. Stock was up by more than 3.00% in trade. We expect stock may see some upside in upcoming days. One can go for long position in DFL below 262. DFL may move to the level of 274 in short term.
Our recommendation on DFL is BUY ABOVE 262 for the Target of 268/ 274.
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
###