Indian indices extended intraday gains in the last hour of range bound trading and closed above 5700 mark on positive opening of European market.
(prHWY.com) October 26, 2012 - Indore, India -- MARKET WRAP FOR EQUITY
* India market gained in choppy trade, Nifty up by 0.24% & Sensex by 0.26%.
* Asian pacific rise as exporters climbed amid signs of improvement in China.
* USD unemployment claims at 369K and core durable goods orders at 2.0%.
Indian indices extended intraday gains in the last hour of range bound trading and closed above 5700 mark on positive opening of European market. Nifty up by 14pts settles at 5705 and Sensex by 48pts settles at 18758. Euro green with DAX up by 35pts at 7228, FTSE by 18pts at 5822 and CAC by 7pts at 3424, Dow Future up by 55pts.
CH NIFTY OUTLOOK
NIFTY SPOT LEVELS:
SUPP 1: 5635
SUPP 2: 5560
RES 1: 5765
RES 2: 5840
CH BANK NIFTY OUTLOOK
CH BANK NIFTY TREND: CONSOLIDATE
BANK NIFTY FUTURE LEVELS:
SUPP 1: 11350
SUPP 2: 11060
RES 1: 11750
RES 2: 11970
Stock Recommendation
stock recommendation for 26/10/12 is Oriental Bank of Commerce. The major trend in the stock is bullish. OBC has recently taken breakout of short term trend line resistance and consolidating from a month. In today's trade stock has taken breakout of its consolidation range with good volume and movement and up more than 6.90%. We expect stock in upcoming day's stock will continue this upward movement; one can go for the long position in OBC above 316. OBC can test level of 338 in short terms.
Our recommendation on OBC is BUY above 316 for the Tg of 324 & 338..
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
###