Today’s Stock Market News:
Today S&P BSE Sensex and the 50-unit CNX Nifty, both, recovered after hitting their lowest level in more than a week. The Sensex was up 32.06 points or 0.16%, up close to 70 points from the day's low and off about 30 points from the day's high.
Trading in US index futures indicated that the Dow could gain 12 points at the opening bell on Tuesday, 14 May 2013. US stocks finished little changed on Monday as investors mulled when the Federal Reserve may begin to scale back its $85-billion-a-month bond-buying program.
Indian markets plummeted down by over 2%, led by FMCG, metal, IT and auto stocks. Sentiments got underpinned by weak trade data for the month of April; trade deficit at USD 17.8 bn. G-7 intensifies Japan focus signaling acceptance of Yen drop. Nifty drops 126 pts, closed at 5980. Sensex sheds 430 pts, closed at 19691. Europe is running red.
Recommendation By Money CapitalHeight :
CapitalHeight’s stock recommendation for 14/05/2013 is Bharat Heavy Electricals Ltd. It has been trading in consolidation trend from last few days. In today’s trading session, it was down by 3.03%. On the daily chart, it made a long black candlestick and momentum indicator stochastic has also given negative crossover. All the indicators are suggesting that we can see some downside movement in the stock. Its short term strong support level is around 174. One can go for short position in BHEL below 189. The stock may test level of 178 in near term.
Our recommendation on BHEL is SELL below 189 for the Target of 186/180.
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