- Indian markets end in red. Nifty, Sensex down by 0.49%
and 0.48%.
-
Asia-Pacific markets traded low; Nikkei tumbles to
one-month low.
-
US in red. UK CPI at 2.0% (YoY). Dow Futures went down by
140 pts.
Indian
markets closed in red as traders went on to book profit. Global markets too
traded low amidst weak sentiments. US Fed's Lockhart gives cautious backing to
more QE cuts. Nikkei had biggest drop in five months on strong yen. Nifty down
by 30.90 pts, closed at 6241. Sensex down by 101.33 pts, closed at 21032.
Europe is trading weak
TECHNICAL VIEW
NIFTY
OUTLOOK
Trend: -
Consolidate
Resistance: -
6290, 6330
Support: - 6240,
6200
Strategy: - Sell
On High
BANK NIFTY
OUTLOOK
Trend: -
Consolidate
Resistance: -
11080, 11200
Support: - 10900,
10750
Strategy: - Sell
On High
Stock Recommendation
CapitalHeight’s stock recommendation for
15/01/2014 is SKS Microfinance Ltd. In today’s trading session it was up by
8.48%. On the daily chart, it has made a “Doji” candlestick pattern at support
level and reverses the trend with long white candlestick with good volume.
Momentum indicator stochastic has also given positive crossover. All the
indicators are suggesting that the stock can see some upside movement in coming
days. Its short term support level is at 163. One can go for long position in
this stock above 186. The stock may test level of 205 in coming days.
Our
recommendation on SKS Micro is LONG above 186 for the Target of 191-197.
Other Assets:
- In the currency space the dollar rallies over a percent
versus the yen to 104 levels. The dollar index rises to 80.70.
-
In commodities, Brent Crude continues to hover around USD
106 per barrel. Nymex too trades in a tight band ahead of data on government
petroleum inventories.
- And,
from the precious metals space, gold slipped marginally to USD 1240 an ounce.
For more Daily updates news, and live calls in Stock market capitalheight provides our traders accurate free stock market tips visit our site www.capitalheight.com for more information for free trial fill trial form on our blog.
The S&P BSE Sensex was up 115.72 points or 0.55% to
20,968.19.The index jumped 124.05 points at the day's high of 20,976.52 in
mid-afternoon trade, its highest level since 24 January 2014. The index rose
7.55 points at the day's low of 20,860.02 in early trade.
