Indian indices eked out small gains in choppy session. Cement stocks rose on expectations that government will provide thrust on infra development in Union Budget 2013 on 28 Feb-13.
(prHWY.com) February 14, 2013 - Indore, India -- MARKET WRAP FOR Equity
* India markets turned negative from positive in late trade eked out small gains.
* Asian markets gains on US President Pledge to expand trade with the region.
* CHF PPI m/m -0.1%, EUR industrial production 0.7%, Dow Future up 75pts.
Indian indices eked out small gains in choppy session. Cement stocks rose on expectations that government will provide thrust on infra development in Union Budget 2013 on 28 Feb-13. Nifty up by 10pts settle at 5933 & Sensex by 47pts settle at 19608.Euro market up with CAC by 9pts at 3696, DAX by 61pts at 7721& FTSE flat at 6340.
CH NIFTY OUTLOOK
NIFTY TREND: CONSOLIDATE
NIFTY SPOT LEVELS
SUPP 1: 5865
SUPP 2: 5780
RES 1: 5995
RES 2: 6065
CH BANK NIFTY OUTLOOK
CH BANK NIFTY TREND - CONSOLIDATE
BANK NIFTY FUTURE LEVELS
SUPP 1: 12250
SUPP 2: 11990
RES 1: 12560
RES 2: 12825
Stock Recommendation
CapitalHeight's stock recommendation for 14/02/2013 is Tata Consultancy Services. Major Trend in the stock is very bullish. TCS after hitting an all time high of 1439 last year fall sharply and move below its 200DMA. But stock regains its upward momentum quickly on global economic recovery. In today's trading session stock breaks it's all time high with good volume and momentum and also closes near to it.Stock was up about 1.80% in trade. We expect stock may move up in upcoming days.One can go for long position in TCS above 1442. The stock may move to the level of 1480 in near term.
Our recommendation on TCS is BUY above 1442 for the Target of 1460/ 1480.
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:
For 2 Days Free Stock Tips, 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
###