Market Watch

Thursday 2 May 2013

Stock Market Advice, Recommendation & Technical Analysis


Stock Tips are these tips which assists us to sink money into share trading system either its Indian Stocks or globe stocks tips. Stock Tips are majorly related to, or are regarding news update on national Stock exchange, live Nifty statistics, stock charts, gainers and losers, etc. The Share tips help the investors and traders to make informed decisions by making careful observations on NSE market movements.

Today’s Stock Market News:

·  Indian markets surged high. Nifty, Sensex up by 0.44% & 0.60% respectively.
·  Asia-Pacific markets remain up on stimulus hopes from US Fed Res and ECB.
·  Wall St up. Italy Prelim CPI at 0.1% (m/m), low. Dow Futures up by 60 points.
Indian markets closed at one-month highs led by FMCG, metal and telecom shares. HUL rose 17% after parent Unilever announced an open offer to buy 22% stake in the company at Rs 600 apiece. Parliament passes Finance Bill. Nifty add 26 pts, closed at 5930. Sensex up by 116 pts, closed at 19504. DAX is up, while FTSE, CAC trading flat.

Stock Market Recommendation:

CapitalHeight’s stock recommendation for 02/05/2013 is Lupin Ltd. It has been trading in uptrend. In
today’s trading session, it was up by 2.25% with new high and made a long white candlestick. It is
trading above its long term moving average (200 DMA), which is indicating further upside movement in the stock. On the daily chart, momentum indicator RSI is also trading in positive territory. All the indicators are suggesting that we can see some upside movement in the stock. Its short term strong support level is around 645. One can go for long position in Lupin Ltd above 705. The stock may test level of 740 in near term.

Our recommendation on Lupin is BUY above 705 for the Target of 711/718.

Stock Market Outlook:

NIFTY TREND: CONSOLIDATE
NIFTY SPOT LEVELS
SUPP 1: 5885 ; SUPP 2: 5815
RES 1: 5955 ; RES 2: 6030

BANK NIFTY TREND: CONSOLIDATE
BANK NIFTY FUTURE LEVELS
SUPP 1: 12335 ; SUPP 2: 12060
RES 1: 12670 ; RES 2: 12850

            Stock Market Tips assure for great benefits to the small investors or individual investors without having any worry about others. These Stock Tips gives you the flexibility, market punctuality, responsibility & liberty. To get the achievement of superior returns with Stock Tips, a small investors always remain in benefit i.e. these investors enables to allocate their capital towards the best stocks.
For More Info About Stock Market, Trading Strategy, Stock Market Planning Visit Our site at  www.capitalheight.com  or please call our 24/7 Customer Care Support us at  0731 - 4295950

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