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The BSE benchmark index Sensex today retreated from record by losing almost 47 points in early trade on profit-booking by speculators in oil and gas, PSUs and banking stocks, amid a weak trend in the global markets.

NTPC (up 1.5 per cent), Bajaj Auto (up 0.94 per cent), M&M (up 0.91 per cent), RIL (up 0.88 per cent) and TCS (up 0.82 per cent) were among the major Sensex gainers.

Sun Pharma (down 1.4 per cent), Coal India (down 1.2 per cent), BHEL (down 1.1 per cent) and L&T (down 0.75 per cent) were among the top Sensex losers.

The S&P BSE Sensex was down 58.51 points or 0.24%, off 96.25 points from the day's high and up 37.31 points from the day's low. The market breadth, indicating the overall health of the market, was strong.

Stock Recommendations For Today:

CapitalHeight’s stock recommendation for 21/05/2014 is VST Tillers Tractors Ltd. It has been trading in uptrend. Its short term trend is up. In today’s trading session, it was up by 11.52%. On the daily chart, it formed “Rounding bottom” pattern with good volume. If it will give breakout above 1150 level then we can see buying movement. Momentum indicator stochastic has given positive crossover. All the indicators are suggesting that stock can see some upside movement in coming days. Its short term support level is at 980. One can go for long position in this stock above 1150. The stock may test level of 1280 in coming days.

Our recommendation on VST Tillers is LONG above 1150 for the Target of 1160-1175.

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