Indian indices fall on emergence of profit-booking activity amid the government winning FDI in multi brand retail vote in the Rajya Sabha.
(prHWY.com) December 10, 2012 - Indore, India -- MARKET WRAP FOR Equity
* India market ended lower, Nifty down by 0.40% and Sensex by 0.32%.
* Asian pacific mostly trade higher as U.S. economic data beat estimate.
* GBP manufacturing production -1.3%, CHF foreign currency reserves 424.8B.
Indian indices fall on emergence of profit-booking activity amid the government winning FDI in multi brand retail vote in the Rajya Sabha. Nifty down by 23pts settle at 5907 & Sensex by 62Pts settle at 19424. Euro Market red with DAX down by 19pts at 7514, CAC by 07pts at 3594 & FTSE by 07pts at 5894, Dow Future down by 16pts..
CH NIFTY OUTLOOK
NIFTY TREND: BULLISH
NIFTY SPOT LEVELS:
SUPP 1: 5915
SUPP 2: 5850
RES 1: 6040
RES 2: 6095
CH BANK NIFTY OUTLOOK
CH BANK NIFTY TREND - BULLISH
BANK NIFTY FUTURE LEVELS:
SUPP 1: 12210
SUPP 2: 12000
RES 1: 12650
RES 2: 12845
Stock Recommendation
stock recommendation for 10/12/12 is Mcleod Russel. Major trend in the stock is bullish. Mcleod Russel is consolidating from a week near all time high. Stock is having strong support at level of 345 and trading above its 200DMA. In todays trade stock made new all time high of 369, but close slightly below its previous rally high. Stock was up about 2.40%. In upcoming days we expect stock may move up from this level. One can go for long position in Mcleod Russel above 369; Mcleod Russel may move to the level of 390 in near term.
Our recommendation on Mcleod Russell is BUY ABOVE 369 for the TGT of 378/ 390...
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
###