Stock to Watch Today: VIP Industries

VIP Industries

On the charts, VIP Industries consolidated in the range of 500-518 levels for 15 days and formed a double bottom” on daily charts which is bullish in nature. Last days, the stock gained over 1 percent and has given the breakout of pattern.

The 50 days DEMA of the stock on the daily charts is currently at Rs 518.40 So buying momentum may continue for coming days. Therefore, we are recommending long positions in the range of 520-521 levels for the upside targets of 535-550 levels with a stop loss below 503.

Stock to Watch: http://moneycapitalheight.blogspot.com/p/stocks-to-watch-today.html

Market Commentary:

The Sensex was up 52.79 points at 36374.08, while Nifty was up 14.90 pointsVIP Industries at 10,905.20.

GAIL, BPCL, INFRATEL, AXIS BANK,HCL TECH were the top gainers among Nifty 50 stocks while SUNPHARMA,YESBANK,ZEEL,EICHERMOT,SBIN were the top losers.

News Highlights:

  • FMCG major Hindustan Unilever on Thursday reported a 9 per cent year-on-year rise in profit at Rs 1,444 crore for December quarter.
  • Jet Airways Chairman Naresh Goyal has told the State Bank of India (SBINSE -1.90 %) that he is ready to invest up to Rs 700 crore in the airline on the condition that his stake does not fall below 25 per cent

Stock to Watch: http://moneycapitalheight.blogspot.com/p/stocks-to-watch-today.html

International Market Update by Money CapitalHeight

international market updates

CH: INTERNATIONAL MARKET UPDATE

GOLD $ 1291.75

SILVER $ 15.562

COPPER $ 2.698

CRUDE $ 52.64
INR 71.18

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Bank Nifty Market Trend for 18-Jan-2019: CapitalHeight

nifty bank updates

CH: OUTLOOK

BANK NIFTY- CONS.(27030-27960)

NIFTY-CONS.(10815-11035)

STRATEGY BUY

SGX NIFTY 58

DOW 162.94

ASIAN MKT UP

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Give Missed Call at +91 830-630-830-8

For More Live Updates Click Here: CapitalHeight