CapitalHeight's stock recommendation for 06/02/12 is DLF limited. DLF has been in continuous downtrend for the past few months making lower top and lower bottom in a downward trend channel.
(prHWY.com) February 6, 2012 - Indore, India -- Stock Recommendation
CapitalHeight's stock recommendation for 06/02/12 is DLF limited.
DLF has been in continuous downtrend for the past few months making lower top and lower bottom in a downward trend channel. Recently the stock has bottomed out and breached its downward channel upward resistance trend line and reversed to uptrend. The stock has been witnessing better volumes as well and in the near term it is expected to test next level at 236 and if that is broken then may target 242 in short term.
Our recommendation on DLF is BUY above 232 for Target of 234 & 237.
MARKET WRAP FOR EQUITY
* Indian market ends significantly up; Nifty was up 56 pts, Sensex up 173 pts.
* U.S. Unemployment rate came at 8.3%; Nonfarm employment change at 243K.
* European markets were green with FTSE leading; Dow future was up 96 pts.
The markets performed well today. Realty, healthcare, power was biggest performers while metals were on lagging part today. Nifty was up 56 pts at 5326 & Sensex up 173 pts to settle at 17605. Euro markets were green with DAX up 111 pts at 6767, CAC up 51 pts at 3428 & FTSE up 105 pts at 5901. Dow Future was up 96 pts
CH NIFTY OUTLOOK
Trend: - Consolidate
Resistance: - 5400, 5480
Support: - 5320, 5240
Strategy:- Buy on dips
CH BANK NIFTY OUTLOOK
Trend: - Consolidate
Resistance: - 10330, 10500
Support: - 9920, 9700
Strategy: - Buy on dips
Money CapitalHeight Research Pvt Ltd is a leading Stock Advisory Company, having a strong hold in providing most authentic and accurate Mcx Trading Tips as well as
commodity tips, mcx tips, bullion tips, equity tips, intraday tips.
For 2 Days Free Trial, In Mcx Trading Tips & Share Tips Free 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
###