Stock to Watch for Monday: CapitalHeight

Stock to watch: capitalheightDredging Corporation of India slipped towards 480 Jan 2019. For the last ten Days, the stock has been trading in the range of 480 to 422 and formed a flag and pennant chart pattern on the daily charts.The price has been moving around 20-day moving average for the last couple of days and is consolidating around in the range of 435 to 470.

The RSI has given positive crossover on the daily chart suggesting price is likely to see a breakout on the upside. We recommend traders to take LONG positions in the DREDGE CORP around 451-453 levels with a stop loss below 434 for the targets of 468-485.

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

News Highlights:

  • India’s industrial production (IIP) saw a meagre growth of 0.5 percent in November as against 8.1 percent in October, data released by the statistics office showed. Factory output, measured by the Index of Industrial Production (IIP), is the closest approximation for measuring economic activity in the country’s business landscape.
  • IT major Infosys’ reported 12 percent quarter on quarter (QoQ) decline in December quarter net profit to Rs 3,609 from Rs 4,110 crore last quarter.

Market Commentary:

The SENSEX declined 97 points, 0.27 per cent, to 36,010, with as many as 21 in the red and the rest in the green. Its NIFTY counterpart settled at 10,795, down 27 points, or 0.25 per cent, with 16 stocks up and 34 down.

ITC, UPL, WIPRO, IOC, HINDALCO were the top gainers among Nifty 50 stocks while INDUSINDBK, TATA MOTORS , INFRATEL, TCS, YES BANK were the top losers.

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

 

Stock Market Technical Outlook 09-May-2016

Jackpot Calls on Akashay Tratiya

Jackpot Calls on Akashay Tratiya

INDIAN MARKET OVERVIEW

  • The Nifty opened up with slightly negative note and ended down with 2.05 points at 7733. The direction of Market is looking uncertain due to global clues
  • After a volatile day, the market has ended down 33.71 points at 25228.50. About 1127 shares advanced, 1388 shares declined, and 183 shares were unchanged.
  • Talwalkars Better Value Fitness reported a steady fourth quarter yesterday, topping off a year in which its revenues about 15% to Rs 258 crore while profit grew 20% to Rs 55 crore.
  • Titan is expected to report net profit at Rs 209 crore in January-March quarter, falling 3% from Rs 215 crore in corresponding quarter last fiscal. During the period, EBITDA is seen up 5.5 percent at Rs 285 crore compared to Rs 270 crore while EBITDA margins may stand at 10.1% versus 10.8% year-on-year.

GLOBAL MARKET OVERVIEW

  • Concerns over growth, the failure of extraordinary central bank stimulus and banking profitability in an era of negative interest rates, allied to a still tepid recovery in oil prices, has kept a lid on any optimism over the Past month.
  • Concerns over growth, the failure of extraordinary central bank stimulus and banking profitability in an era of negative interest rates, allied to a still tepid recovery in oil prices, has kept a lid on any optimism over the past month.
  • Shanghai shares fell almost 3 percent and Hong Kong by 1.7 percent, putting Asian markets at one-month lows and the MSCI world index on course for a more than 2 percent fall this week – its worst since the second week of February.

Technical Outlook

Nifty Technical Overview:

Today Nifty futures traded between the range of 7700-7770 but it managed to close above psychological level of 7700 .On the upward side its major resistance level of 7900 and downward side major support level of 7650. On the upcoming session if market sustain below 7700 and break 7650 levels then downward movement is expected.

Bank Nifty Technical Overview:

Today Bank Nifty futures traded in consolidation phase. Over all Bank Nifty is looking range bound trend and it may follow this trend for further 1-2 weeks. It has major support of 16200 levels on down side. On the upcoming session if it sustain below the level of 16200 then bearish movement is expected. On the upward side 16800 was major resistance level.

Todays Stock Recommendation

Stock recommendation for 09/05/2016 is Asian Paints. The stock is in consolidation phase since January 2016 and forming a symmetric triangle pattern. It gave a strong closing on Friday and indicating that upward break out is likely to come. Buy Asian Paints above 895 for the target of 920 and 940 with stop loss below 860.

www.capitalheight.com

Give Missed call at +91 9893358233

Stock Market Technical Outlook 06-May-2016

MARKET WRAP

INDIAN MARKET OVERVIEW

  • The Nifty opened up with positive note and ended up with 28.95 points or 0.4 percent at 7735.50. The direction of Market is looking uncertain due to global clues
  • The market has ended with gains, The Sensex closed up 160.48 points or 0.6 percent at 25262.21. About 1231 shares have advanced, 1318 shares declined, and 149 shares were unchanged.
  • Eicher Motors, total income rose 46.6 percent at Rs 3765 crore against Rs 2568 crore on annual basis. EBITDA in the quarter was up 75 percent at Rs 640 crore compared to Rs 366 crore while EBITDA margin stood at 17 percent versus 14.3 percent year-on-year
  • Eicher Motors has posted lower-than-expected profit and revenue in January-March quarter but margins were better. The Royal Enfield maker’s net profit rose by a whopping 71.3 percent at Rs 334.5 crore in January-March from Rs 195.3 crore in corresponding quarter last fiscal. Royal Enfield margins has hit record high of 29.8 percent.

GLOBAL MARKET OVERVIEW

  • Asian shares slipped for a seventh straight session on Thursday as a mixed batch of US economic data did nothing to assuage concerns about global growth and deflation, keeping sovereign bonds well supported.
  • The Dow Jones industrial average ended down 99.65 points, or 0.56 percent, to 17,651.26, the S&P 500 lost 12.25 points, or 0.59 percent, to 2,051.12 and the Nasdaq Composite finished 37.59 points, or 0.79 percent, lower at 4,725.64.
  • MSCI’s broadest index of Asia-Pacific shares outside Japan eased 0.1 percent, to be down 5 percent over the past two weeks

Technical Outlook

Nifty Technical Overview:

Nifty futures initially witnessed upward movement and made a high of 7817.In the later part Nifty witnessed bearish movement and made a low of 7733. It managed to close at 7772. On the upward side its major psychological level of 8000 and downward side major support level of 7650. On the upcoming session if market sustain below 7700 and break 7650 levels then downward movement is expected.

Bank Nifty Technical Overview:

Bank Nifty futures opened with positive note on the first half and made a high of 16495.On the second half prices could not sustained on upper levels and witnessed bearish movement, made a low of 16280 & managed to closed at 16384.On the upcoming session if it sustain below the level of 16300 then bearish movement is expected. On the upward side 16800 was major resistance level.

Technical Overview:

Stock recommendation for 06/05/2016 is Ajanta Pharma. The stock rebounded from its strong support of 1450 on daily chart, now facing a short term resistance of 1520. On yesterday it gains nearly 3 percent and closed near resistance level. If the stock sustains above 1520 level then it may go up to 1565-1600 levels in near future. Buy Ajanta Pharma above 1525 for the target of 1560-1590 with stop loss below 1480.

www.capitalheight.com

0731-6615050,+91 8962429710,9993066624,8066026700

Stock Market Technical Outlook 05-May-2016

MARKET WRAP

INDIAN MARKET OVERVIEW

  • The Nifty just about held onto 7700 and was down 40.45 points or 0.5 percent to end at 7706.55.
  • Tracking global peers, the market has ended the day in the red. The Sensex barely held onto 25100 marks, down 127.9 points or 0.5 percent at 25101.73.
  • Dewan Housing Finance is seen reporting net profit at Rs 200 crore in January-March quarter, up 23.5 percent at Rs 200 crore from Rs 162 crore in corresponding quarter last fiscal.
  • Leading stock exchanges the NSE and BSE today announced extended trading hours for Gold Exchange Traded Funds (ETFs) till 1900 hrs on May 9, on account of Akshaya Tritiya.

GLOBAL MARKET OVERVIEW

  • The Dow Jones industrial average closed down 140.25 points, or 0.78 percent, to 17,750.91, the S&P 500 lost 18.06 points, or 0.87 percent, to 2,063.37 and the Nasdaq Composite dropped 54.37 points, or 1.13 percent, to 4,763.22. .
  • US stocks fell on Tuesday after weak economic data in China and Europe reignited worries about global growth, while oil prices dropped for a second day, dragging down energy shares.
  • The S&P 500 posted 13 new 52-week highs and 3 new lows; the Nasdaq recorded 30 new highs and 47 new lows.

Technical Outlook

Nifty Technical Overview:

Nifty futures opened with negative note on the initial part of the day and then made a high of 7789.In the later part it could not sustained on higher levels and witnessed bearish movement, managed to close at 7733.On the upward side its major resistance level of 7950 and downward side major support level of 7650. On the upcoming session if market sustain below 7700 and break 7650 levels then downward movement is expected.

Bank Nifty Technical Overview:

Bank Nifty futures opened with negative note but in the first half made a high of 16550.On the second half prices could not sustained on upper levels and witnessed bearish movement, made a low of 16333 & managed to closed at 16360.On the upcoming session if it sustain below the level of 16300 then bearish movement is expected. On the upward side 16800 was major resistance level.

Technical Overview:

Stock recommendation for 05/05/2016 is V Guard. The stock rebounded after the announcement of quarter 4 results. It is trading near its psychological level of 1000. The stock formed a rounding bottom pattern on daily time frame and yesterdays strong closing confirmed the break out. Buy V Guard above 1000 for the target of 1030-1050 with stop loss below 970.

Stock Market Technical Outlook 04-May-2016

MARKET WRAP

INDIAN MARKET OVERVIEW

  • After a choppy trading session, the market has ended lower. The Nifty has ended below 7850, down 58.90 points or 0.7%.
  • The BSE Sensex was down 207.27 points or 0.8% closed at 25229.70. Market breath was weak as about 1165 shares advance while 1476 shares declined.
  • DLF is looking to raise about USD 2 billion through a stake sale in the firm that has about 27 million square feet of developed real estate, along with potential for another 20 million square feet development.
  • On May 03, 2016, Birla Corporation closed at Rs 388.00, down Rs 5.4, or 1.37 percent. The 52-week high of the share was Rs 543.50 and the 52-week low was Rs 322.00.

GLOBAL MARKET OVERVIEW

  • European stocks trade lower on Tuesday dragged down by mining and auto stocks as earnings from major banks including UBS and Commerzbank disappointed investors.
  • The China Caixin manufacturing PMI for April fell to 49.4 from March’s 49.7, shrinking for a 14th straight month and coming in below a Reuters forecast for 49.9. Levels below 50 indicate contraction.
  • The benchmark ASX 200 erased early losses to trade up 0.22 percent, reversing course after the heavily weighted financial sector turned higher. South Korea’s Kospi index added 0.33 percent

Technical Outlook

Nifty Technical Overview:

Nifty futures opened with positive note on the initial part of the day and made a high of 7949. In the later part it could not sustained on higher levels and witnessed bearish movement, managed to close at 7781. On the upward side its major resistance level of 8000 and downward side major support level of 7650. On the upcoming session if market sustain below 7770 and break 7750 levels then downward movement is expected.

Bank Nifty Technical Overview:

Bank Nifty futures opened with positive note on the first half and made a high of 16820.On the second half prices could not sustained on upper levels and witnessed bearish movement, made a low of 16428 & managed to closed at 16481. On the upcoming session if it sustain below the level of 16400 then bearish movement is expected. On the upward side 16900 was major resistance level.

Todays Stock Recommendation

Stock recommendation for 04/05/2016 is Sobha Developers. The stock is in consolidation on daily chart. It is trading under the primary candle made on 18 April and has created strong support of 288. The stock is unlikely to break this support and hence buying is recommended. Buy Sobha Developers above 297 for the target of 308-312 with stop loss below 288.

For Daily & Weekly Stock Market Technical Overview & Recommendation visit our site www.capitalheight.com or call @0731-6615050,+91 8962429710,9993066624,8066026700

Stock Market Technical Overview & Recommendation for 26-Apr-2016

MARKET WRAP

Indian Market Overview-

  • The market fell for third consecutive session on Monday with the Nifty breaking 7850 level intraday, reacting to weak global cues and stormy Parliament session. Nifty future down by 46 point at 7865.
  • The BSE Sensex was down 159 points and closed at 25678. Market breath was weak as about 1040 shares advance while 1579 shares declined.
  • Country’s largest car manufacturer Maruti Suzuki is likely to disappoint the street on April 26 by reporting contraction in profit and margin for January-March quarter. Profit is seen falling 3.4 percent year-on-year to Rs 1,240 crore in Q4, which may get impacted by lower margin.
  • UltraTech Cement ‘s fourth quarter earnings beat analysts’ expectations on all counts Monday with standalone profit rising 10.9 percent year-on-year to Rs 681.4 crore, helped by lower tax & finance cost and better operational performance.

Global Market Overview-

  • Asian markets wavered between positive and negative territory on Monday, after major local indexes eked out gains last week.
  • The Japanese benchmark Nikkei 225 was down 0.19 percent after flirting with positive territory briefly. Last week, the index added 4.3 percent. Across the Korean Strait, the Kospi was down 0.11 percent.
  • In the currency market, the yen weakened sharply against the dollar, trading at the 111 handle, compared with the 107 handle briefly touched early last week. In the previous session, the yen finished at 111.78 to the dollar
  • The The Dow Jones industrial average edged up 0.12 percent to end at 18,003.75 points, while the S&P 500 finished flat at 2,091.58 on Friday.

Technical Outlook

Nifty Technical Overview:

Nifty futures opened with almost flat note and witnessed bearish movement for the entire day. In todays session the level of 7900 acted as major resistance and 7825 as major support level. It completed the formation of H&S Pattern and given break out it also broke 200 days EMA. If it sustain below the level of 7900 then further downside movement is expected.

Bank Nifty Technical Overview:

Bank Nifty futures opened with almost flat note and slight up from major resistance level of 16770 but witnessed bearish movement for the entire day. In todays session it sustained below the major resistance level of 16770 and 16600 acted as major support level. In coming session if bank nifty sustains below the level of 16750 then bearish movement is expected.

Stock Market Recommendation:

Stock recommendation for 26/4/2016 is Glenmark Pharma. The stock has formed an Inverted Head and Shoulder pattern on Daily chart. It has given break out above the trend line. 845 is the important resistance for Glenmark Pharma. Buy only above 845 for the target of 880-900 with the stop loss below 810.

For Daily & Weekly Stock Market Technical Overview & Recommendation visit our sitewww.capitalheight.com or call @0731-6615050,+91 8962429710,9993066624,8066026700

Equity Market Technical Overview & Recommendation for 25-Apr-2016

MARKET WRAP

Indian Market Overview

  • It was a day of consolidation on Dalal Street with the benchmark indices closing flat for a third consecutive day. Nifty future down by 0 point at 7911.
  • The BSE Sensex was down 42 points and closed at 25838. Market breath was weak as about 1251 shares advance while 1312 shares declined.
  • HDFC Bank has reported good January-March quarter results with net interest income (NII) growth surprise on higher side. The private lender’s net profit rose 20.2 percent at Rs 3374.2 crore in fourth quarter of FY16 compared to Rs 2806.9 crore in corresponding quarter last fiscal.
  • Shares of Tata Steel jumped over 2 percent intraday on Friday, extending its rally. Investors are jubilant that the UK government is willing to acquire 25 percent stake in Tata Steel’s UK operations to help potential buyers eyeing ownership of the Indian steel giant’s loss-making plants.

Global Market Overview-

  • Asian markets opened lower on the final trading day of the week, following losses in US stocks overnight as telecoms led declines amid the latest batch of earnings.
  • The Australian ASX 200 was down 0.64 percent, led by steep declines in the energy, materials and financials subindexes. In Japan, the Nikkei 225 halted its three-day advances to trade down 0.28 percent. Across the Korean Strait, the Kospi was down 0.38 percent.
  • Wall Street suffered its first loss in four sessions on Thursday after a mixed bag of quarterly reports and a warning by Verizon Communications that a strike by workers would likely impact its bottom line.
  • The Dow Jones industrial average declined 0.63 percent to end at 17,982.52 points and the S&P 500 lost 0.52 percent to 2,091.48. The Nasdaq Composite edged down 0.05 percent to 4,945.89.

Technical Outlook

Nifty Technical Overview:

Nifty futures opened with negative note and witnessed consolidated movement for the entire day. It traded between the ranges of 7880-7940. In todays session nifty sustains below 7950 and created Head & Shoulder formation in 15 min charts. On Monday if it sustain below 7950 and break 7880 in downside the bearish movement is expected.

Bank Nifty Technical Overview:

Bank Nifty futures opened with negative note and witnessed consolidated movement for the entire day. It traded between the ranges of 16750-16550. Bank Nifty future did not break the major resistance level of 16770 but traded with bullish sentiments. On Monday if it sustain above the level of 16600 and break 16800 then upside movement is expected.

Stock Market Recommendation:

Stock recommendation for 25/4/2016 is Just Dial. The stock now sustains above 21 day EMA on weekly chart after about a year. On daily chart as well stock is trading above 200 day EMA. It has shown good strength in the last hours of trading on Friday. Buy Just Dial between 875 and 885 for the target of 905-930 with the stop loss below 850.

For Daily & Weekly Stock Market Technical Overview & Recommendation visit our sitewww.capitalheight.com or call @0731-6615050,+91 8962429710,9993066624,8066026700

Equity Market Technical Overview & Recommendation for 22-Apr-2016

MARKET WRAP

Indian Market Overview

  • Dalal Street has snapped its six day gaining streak as it lost steam mid way. The Nifty ended in red after hitting 2016 high in early trade. Nifty future down by 16 point at 7913.
  • The BSE Sensexwas up 36 points and closed at 25880. Market breath was weak as about 1050 shares advance while 1524 shares declined.
  • IndusInd Bank ‘s net profit rose 25 percent to Rs 620 crore in the January-March quarter from Rs 495.3 crore in year-ago period. During the period, its net interest income (NII) increased 37 percent to Rs 1268.2 crore from Rs 925.1 crore on annual basis.
  • Shares of ICICI Bank jumped 8 percent intraday on Thursday, buoyed by a Credit Suisse upgrade and a media report quoting unnamed sourcesthat theReserve Bank of India has trimmedthe list of firms whose loans need to be provisioned for

Global Market Overview-

  • Asian markets advanced in early trade on Thursday, following overnight gains in US equities.
  • Australia’s ASX 200 was up 1.08 percent, led by a gain of 3.48 percent in the energy sub index. Japan’s Nikkei 225 added 1.99 percent, extending gains from the previous two sessions on the back of a relatively weaker yen. Across the Korean Strait, the Kospi climbed 0.52 percent.
  • Wall Street ended less than 2 percent short of a record-high close on Wednesday as a rebound in oil prices added to optimism sparked by a raft of earnings reports.
  • Dow Jones industrial average rose 0.24 percent to end at 18,096.27 points and the S&P 500 gained 0.08 percent to 2,102.4. The S&P earlier traded as high as 2,111 points.

Technical Outlook

Nifty Technical Overview:

Nifty futures opened with positive note and witnessed bearish movement for the entire day. Nifty future opened above the level of 7960 but could not sustain above it and traded down side and broke the level 7900. Range of 8000-7950 is very strong resistance for nifty future and in this range trader can use sell on high level strategy.

Bank Nifty Technical Overview:

Bank Nifty futures opened with positive note and slight positive movement in early part and consolidated most part of the day and it showed downside movement in later part of the day but closed on positive note with formation of inverted hammer candle at resistance level. If tomorrow it breaks 16560 levels then downside movement is expected.

Stock Market Recommendation:

Stock recommendation for 22/4/2016 is Ipca Laboratories. The stock is showing divergence with RSI on daily chart and hence short term recovery is possible from lower levels. On Intraday time frame 21 day EMA supporting the prices. Buy this stock above 500 for the target of 515-525 with stop loss below 470.

For Daily & Weekly Stock Market Technical Overview & Recommendation visit our sitewww.capitalheight.com or call @0731-6615050,+91 8962429710,9993066624,8066026700

Stock Market Technical Overview & Recommendation for 21-Apr-2016

MARKET WRAP

Indian Market Overview-

  • After a consolidation, the NSE Nifty ended higher for the sixth consecutive session on Wednesday, supported by banking & financials and metals stocks. Nifty future up by 9 point at 7929.
  • The BSE Sensex rose 27 points and closed at 25844. Market breath was strong as about 1471 shares advance while 1151 shares declined.
  • Sunil Mittals Bharti Airtel is looking to monetise another tranche of its holding in the companys tower armBharti Infratel. The telecom company will usefunds for the upcoming spectrum auctions and to pare debt. The stake sale could be done via block deals in Infratel.
  • Shares of TCS slipped3 percent intraday on Wednesday after it announced its March quarter results. What disappointed the street was its margin decline of 50 basis points even as revenue met estimates breaking six quarters jinx.

Global Market Overview

  • Asian Asia markets advanced on Wednesday morning, supported by broad dollar weakness and higher oil prices overnight, with Japanese stocks extending gains from the previous session on the back of a relatively weaker yen.
  • The benchmark Nikkei 225 was up 0.77 percent in early trade. Across the Korean Strait, the Kospi was higher by 0.44 percent, while Australia’s ASX 200 added 0.54 percent
  • A recent rebound in oil and signs that the US economy is slowly improving have helped stocks rally from a steep selloff earlier this year that had pushed the S&P 500 down as much as 10.5 percent.
  • Dow Jones industrial average rose 0.27 percent to 18053 points and the S&P 500 gained 0.31 percent to 2100 The Nasdaq Composite dropped 0.4 percent to 4,940.33.

Technical Outlook

Nifty Technical Overview:

Nifty futures opened with positive note and witnessed slight bearish movement in early part of the day and showed recovery in later part. Nifty future traded between 7950-7900 as it took support from the level of 7900 and faced resistance form 7950. Tomorrow if it sustain above the level of 7900 and break 7950 then it can test the level of 8000

Bank Nifty Technical Overview:

Bank Nifty futures opened with positive note and witnessed slight bearish movement in early part of the day and showed recovery in later part. After taking support from the level of 16200 it showed recovery from lower level and tested the level of 16400. Tomorrow if it manages to sustain above the level of 16300 then it can show upside movement.

Stock Market Recommendation:

Stock recommendation for 21/4/2016 is Motherson Sumi Systerms. The stock has formed an inverted Head and Shoulder pattern on daily chart. A break out is expected above previous high. It has gains nearly Rs.30 in the last five trading sessions and rally continues if it sustains above 272. Buy this stock above 272 for the target of 284-290 with the stop loss below 250.

For Daily & Weekly Stock Market Technical Overview & Recommendation visit our site www.capitalheight.com or call @0731-6615050,+91 8962429710,9993066624,8066026700

Stock Market Technical Overview & Recommendation for 20-Apr-2016

MARKET WRAP

Indian Market Overview-

  • Equity benchmark traded upside on Monday despite weakness in global peers due to slump in oil prices.Nifty future up by 52 point at 7920.
  • The BSE Sensex rose 189 points and closed at 25816. Market breath was strong as about 1481 shares advance while 1180 shares declined.
  • TCS recouped losses in afternoon trade to close flat ahead of its fourth quarter earnings later in the day. The stock fell 3 percent intraday after the company has been slapped a fine in a trade secret lawsuit by US grand Jury.
  • ITC gained 1.3 percent as the company will resume manufacture of cigarettes in factories after High Court passed order in favour of company.

Global Market Overview –

  • Asian sahres fell on Monday as markets took a dim view of failure by major oil producers to freeze output, ensuring a global glut of the commodity for the time being.
  • The Shanghai Composite was down 1.31%. Hong Kong’s Hang Seng index was down 1.21%. The Nikkei 225 fell 2.92%, while the S&P/ASX 200 fell 0.27%.
  • China said the economy gained 1.1% quarter-on-quarter for the first quarter from the fourth quarter on a on a seasonally adjusted basis, the National Bureau of Statistics reported in data released at the weekend
  • At the close in NYSE, the Dow Jones Industrial Average declined 0.16%, while the S&P 500 index declined 0.10%, and the NASDAQ Composite index lost 0.16%.

Technical Outlook

Nifty Technical Overview:

Nifty futures opened with strong positive note and witnessed bullish movement for the entire day and closed on higher note. Market opened above 7900 and took support from 7850 in morning session and sustained above it. Nifty future has major support level of 7850;if it sustains above this and break 7950 level then it is expected to show upside movement on Wednesday.

Bank Nifty Technical Overview:

Bank Nifty futures opened almost flat not and fell sharply in morning session only. It took support from the level of 16000 and sustained above 16100 most part of the day. 16100 is major support and 16300 is the major resistance level for coming sessions. if it sustain above 16100 and break 16300 then upside movement is expected on Wednesday

Stock Market Recommendation:

Stock recommendation for 20/4/2016 is Amara Raja Batteries Limited. The stock broke the resistance of 925 and gave strong closing at 939 on Monday. It is now trading at its seven months high. It has good trend line support and 21 day EMA crossed over 200 day EMA. Buy this stock between 930 and 945 for the target of 975 and 1020. Stop loss would be below 895.

For Daily & WeeklyStock Market Technical Overview & Recommendation visit our site www.capitalheight.com or call @0731-6615050,+91 8962429710,9993066624,8066026700
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