MARKET WRAP FOR EQUITY
• Indian market ends down; Nifty was down 29 pts, Sensex was down 139 pts.
• Britain’s industrial Production came at (-)0.6% vs.(-)1.0% as expected 0.1%
• Euro markets were in green with CAC leading; Dow Jones was down 10 pts.
Owing to weakness in IT, the markets closed weak today, though banking, auto and metal provided good support to the indices. Nifty was down 30 pts at 4831 & Sensex was down 138 pts to settle at 16037. Euro markets were green with DAX up 95 pts at 6247, CAC up 44 pts at 3249 and FTSE up 24 pts at 5695. Dow Futures was up 50 pts.
CH NIFTY OUTLOOK
Trend: - Consolidate
Resistance: - 4900, 4980
Support: - 4760, 4680
Strategy: - Sell on high
CH BANK NIFTY OUTLOOK
Trend: - Consolidate
Resistance: - 9200, 9500
Support: - 8800, 8600
Strategy: - Sell on high
Stock Recommendation
Money CapitalHeight’s stock recommendation for 13/01/2012 is Tata Motors.
Tata Motors has been in uptrend in the medium term making higher tops and higher bottoms. The stock before few days has breaks its symmetrical triangle and has gone up. Also Tata Motors has broken its 200DMA and is upside in the near term. Tata Motors is now forming a flag pattern and breakout of which would gave it a sharp run of 15-20 points. Today the stock after gap down opening has made handsome gain and has given a positive closing. Tata Motors if breaks the level of 207-209 may test the level of 216 in the near term and if continued may test 226-228.
Our recommendation on Tata Motors is BUY above 206.5 for Target 208 & 210.
Money CapitalHeight Research Pvt Ltd is a leading Stock Advisory Company, having a strong hold in providing most authentic and accurate Equity Tips as well as Commodity Tips.
Commodity Tips, equity tips, free share tips intraday, Free Stock Tips, free stock tips for intraday, intraday stock tips, Intraday Tips, mcx tips, stock future tips, Stock Tips
We are a team of highly qualified and experienced analysts, who deliver their expertise in providing stock market calls 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.
Our research is based around these services:
• Stock Tips
• Commodity Tips
• Equity Tips
• Intraday Tips
• NCDEX 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
###




