Our recommendation on Bank of Baroda SELL below 736 for the Target of 726/716. CapitalHeight's stock recommendation for 13/03/2013 is Bank of Baroda.
(prHWY.com) March 13, 2013 - Indore, India -- Stock Recommendation For Today:
Our recommendation on Bank of Baroda SELL below 736 for the Target of 726/716.
CapitalHeight's stock recommendation for 13/03/2013 is Bank of Baroda. Bank of Baroda has been trading in down trend from last many trading session. Now it is consolidating at this level and took resistance around 30 DMA at 747. In today trading session it was down by 0.24%. It's having near support level around 715, below it we can see some more downside movement in the stock. Its strong support level is 685. In short term some downtrend can be expected in the stock. One can go for short position in Bank of Baroda below 736. The stock may test level of 690 in near term.
MARKET WRAP :
* Indian markets remain jittery. Nifty and Sensex both down by -0.48% & -0.41%.
* Asian-Pacific markets pause from rise due to uncertain macroeconomic outlook.
* FTSE at 5 yr high. GBP Mfg. Prod. is at -1.5%. Dow Futures up by 62.50 pts.
Indian markets nosedived over concern about RBI key rate cut. IIP data for Jan. rose by 2.4%, better than expected. However, CPI data deflated market sentiments. EUR shares steady after recent rally, Dow climbs record high. Nifty down by 28 pts, settles at 5914. Whereas, Sensex dives by 81 pts to rest at 19565. EUR markets are in flat mode.
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2.
Today Commodity Market News By Money CapitalHeight
MARKET WRAP :
* Gold headed for the longest rally in six months
* Silver futures for May delivery rose 1.1 percent to $29.16 an ounce
* Copper rose for a second day in New York
* Nickel, tin, aluminum and lead rose in London.
Gold headed for the longest rally in six months as signs of slowing growth in Europe increased speculation that central banks will expand stimulus, boosting demand for precious metals as a store of value. Copper rose for a second day in New York as global equities strengthened and Chinese passenger-vehicle sales had the strongest start to a year since 2010.
Technical View:
GOLD(APR)
Trend * Consolidate
Strategy * Sell on high
Resistance * R2 - 29950
* R1 - 29680
Support * S1 - 29150
* S2 - 28850
SILVER(MAY)
Trend * Consolidate
Strategy * Sell on high
Resistance * R2 - 57750
* R1 - 55870
Support * S1 - 53350
* S2 - 52200
Money CapitalHeight is an ISO 9001-2011 Registered Company. We are a team of highly qualified and experienced analysts, who deliver their expertise in providing Share Market Tips for traders which include tips like Stock Tips, Commodity Tips, Mcx Tips, Equity Tips and Intraday Tips. All services are provided through SMS and Instant Messenger.
Take a Free Trial of Our Intraday Stock and Commodity Tips and Positional Stock and Commodity Calls and gain sustainable profits in Stock and Commodity Market.For 2 Days Free Trial, please visit our site at
www.capitalheight.com or Call at 0731-4295950
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