Best Stock Market Trading Tips and News Updates by Money CapitaHeight

The condition of the market is still down  Sensex is down by 24.98points T 20704.40,Nifty is also down by 11.10points at 6163.50.near about 584shares have advanced, and near bout 528 shares declined in share market and  337 shares are still unchanged in share market.

• Indian markets ended up. Nifty, Sensex went up by 0.20% and 0.17%.
• Asia-Pacific markets went up on the back of strong trade data of US.
• US closed high. US Trade Balance at -34.3B. Dow Futures up by 35 pts.

Indian markets today snapped its five-session losing streak and rose for the first time this year. Investors bought fundamentally strong stocks available at attractive lower levels amid hopes of encouraging quarterly earnings from blue-chip companies. Nifty up 12.35 pts, closed at 6174. Sensex up 36.1 pts, closed at 20729. Europe is trading weak.

Stock Recommendation

CapitalHeight’s stock recommendation for 09/01/2014 is Axis Bank Ltd. It has been trading in down trend from last few days. In today’s trading session was down by 2.12%. On the daily chart, it made a long black candlestick pattern and closed below 200 DMA level. It is taking support of upward trendline; if it intersects trendline then we can see some selling pressure on stock. Momentum indicator stochastic is also trading in negative territory. All the indicators are suggesting that the stock can see continue downside movement in coming days. Its short term support level is at 1120. One can go for short position in this stock below 1200. The stock may test level of 1030 in coming days.

Our recommendation on Axis Bank is SELL below 1200 for the Target of 1190-1175.

Get latest update,news and free stock market tips from our team of analysts does the rigorous work throughout on the basis of the risk-return trade off and comes up with the best trading tips for the customer.visit www.capitalheight.com

Stock Market News Today

Asian shares stabilized on Tuesday after four straight days of losses, while the dollar rebounded from overnight weakness after disappointing U.S. services sector data raised concerns about stuttering growth in the world's largest economy.

Oil prices seesawed on Monday, ending the session slightly lower, as traders weighed reports of production resuming at a Libyan oilfield against new threats to shipments from a port controlled by protesters.

Ashok Leylan:

• -Did not generate profits this year but have generated cash
• Generated cash by exiting non-core assets
• Generated cash by divesting and reducing working capital
• Reduced working capital by Rs 900 crore in
• Q3 -Working capital currently stands at Rs 600 crore
• -Executive headcount cut by 450 in last 6 months
• -Company's senior management took pay cut of 5 percent
• -Looking at reducing debt by Rs 1,000 crore this year
• Alert: Debt rose to Rs 6,600 crore in August this fiscal
• -No plans of selling stake in 'Family Silver’
•  -Expect to end the year with sales down by 25 percent

Stock tips, Free Stock tips, Stock cash tips news and daily updates gives you market information what is going on in market and what factors can change the whole scenario of world market as well as domestic market, those who are trading in share market and stock market are always keep an eye on this market that helps them to invest in stock market so they can earn profit only Money Capitalheight  Research Pvt.Ltd. That provides our customers the whole market information to help to take decision in share market.

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MARKET WRAP

·         Silver dropped 36 percent in 2013

·         Gold futures, which reached a six-month low today

·         Gold prices fell 28 percent this year.

·         Nickel, which had the biggest drop at 19 percent

·         Zinc fell 1.2 percent this year, the smallest decline among the base metals

Gold futures, which reached a six-month low today, posted the biggest annual slump in three decades as an improving economy cut demand for wealth protection. Silver touched the lowest since July. The decline in gold in 2013, which pushed its price to $1,202.30, was the first annual drop since 2000 and the deepest since 1981. Gold futures in New York closed at a three-year low on Dec. 19, a day after the Fed said it would curtail stimulus as the U.S. economy strengthened and joblessness decreased.

 

Stock Cash Plus Tips For 01/01/2013

SELL BF UTILITIES(LCP-523.35) BELOW 522 TG-516-508

BUY AXIS BANK (LCP 1299.55) ABOVE 1300 TG-1310-1323

BUY DHANUKA (LCP 204.05) ABOVE 205 TG-209-215

BUY PVR (LCP-648.7) ABOVE 650 TG-657-667

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