Stocks to Watch For Today From CapitalHeight:7Feb19

Zee Entertainment Enterprises Limited futures declined till 290 on 25 th Jan 2019 because of news in the sector. From 23.60% retracement level, chances of developing of demand is higher. The stock is showing signs of reversal.

The RSI has given positive signal whereas MACD and KST are also giving positive crossovers with its average on the daily charts. Thus, we recommend traders to take long positions in ZEEL FUTURES around 390-391 for the targets of 399-410, with a strict stop loss below 364.45.

Stock To Watch : CapitalHeight

Market Commentary:

The Sensex was up 358.42 points at 36975.23, while Nifty was up 128.10 points at 11,062.50. About 1032 shares have advanced, 1512 shares declined, and 144 shares are unchanged.

TECHM, CIPLA, ZEEL, BAJFINANCE, TATASTEEL were the top gainers among Nifty 50 stocks while ADANIPORTS, INDUSINDBK, DRREDDY, TITAN were the top losers.

News High Lights:

•Domestic steel major JSW Steel on February 6 reported a 9.96 percent fall in consolidated net profit to Rs 1,603 crore for the October-December quarter of 2018-19.The company had clocked a consolidated net profit of Rs 1,774 crore in the year-ago period, JSW Steel said in a BSE filing.

•Urbanite, Bajaj Auto’s new electric vehicle brand, will be available in showrooms in the first half of next fiscal (H1 FY20), thus marking the Pune-based company’s electric vehicle foray.

Stock To Watch : CapitalHeight