Indian indices edged lower after global credit rating agency Moody's warned that India's expanding CAD & external debt will make country more vulnerable to international financial volatility.
(prHWY.com) February 18, 2013 - Indore, India -- MARKET WRAP FOR Equity
* India market remains volatile & closed with loss, Nifty & Sensex down by 0.15%.
* Asian-Pacific share market backpedaled on dismal euro zone economic news
* US Prelim UOM consumer sentiment 76.3 &EUR trade 12B, Dow Future up 2pt.
Indian indices edged lower after global credit rating agency Moody's warned that India's expanding CAD & external debt will make country more vulnerable to international financial volatility. Nifty down by 9pts settle at 5887 & Sensex by 29pts at 19468. Euro market down with CAC by 9pts at 3660, DAX by 38pts at 7593 & FTSE flat at 6328.
CH NIFTY OUTLOOK
NIFTY TREND: CONSOLIDATE
NIFTY SPOT LEVELS
SUPP 1: 5865
SUPP 2: 5780
RES 1: 5975
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 16/02/2013 is Dr. Reddy. Major Trend in the stock is bullish. Dr. Reddy had shown some weakness in last month as it fails to hold higher levels and move up future after taking breakout of its crucial resistance level a couple of months before. In today's trading session stock breaks its trend line support with good volume and momentum and also closes below it. Stock was
down about 3% in trade. We expect stock may move down in upcoming days as it moves down below 1810. One can go for short position in Dr. Reddy below 1810. The stock may test level of 1750 in near term.
Our recommendation on Dr. Reddy is SELL below 1810 for the Target of 1780/ 1750.
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
###