Today Stock Market Recommendation & News By Money CapitalHeight

Stock Tips are these tips which assists us to sink money into share trading system either its Indian Stocks or globe stocks tips. Stock Tips are majorly related to, or are regarding news update on national Stock exchange, live Nifty statistics, stock charts, gainers and losers, etc. The Share tips help the investors and traders to make informed decisions by making careful observations on NSE market movements.

Here are stocks that are in news today:

Coal Ministry
-Issues show cause notice to Jindal Steel & Power (JSPL) for 1.5 billion tonne Ramchandi coal block
-Issues show cause notice to Monnet Ispat , Tata Power and Jindal Photo for Mandakini coal block     

Political Theater
-Congress keen to woo Nitish Kumar, PM calls him secular leader
-Sushil Modi says split with BJP won't help JD(U)

Moody's
-Affirms IDBI Bank 's deposit ratings at Baa3/P-3
-Lowers Central Bank 's baseline credit assessment to b1
-Affirms Central Bank's forex bank deposit rating to    Baa3/Prime-3

Recommendation By Money CapitalHeight :

       CapitalHeight’s stock recommendation for 18/06/2013 is Union Bank of India. It has been trading in downside from last few days and took support around 204 levels. In today’s trading session, it closed with gain of 2.17%. On the daily chart, momentum indicator stochastic has also given positive crossover. All the indicators are suggesting that we can see some upside movement in the stock. Its short term strong support level is around 204. One can go for long position in Union Bank of India above 218. The stock may test level of 238 in near term.

Our recommendation on Union Bank of India is BUY above 218 for the Target of 222/228.

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