Stock Market Wrap:
· Indian
markets closed flat. Nifty, Sensex down by 0.19% & 0.07% respectively.
· Asia-Pacific
markets remain weak today. Nikkei up by 2.72% over BoJ’s move.
· Wall St.
closed in red. German IP (m/m) at 0.5%. Dow Futures up by 15 points.
Indian markets closed flat amid talks of lower levels
likely for the indices in coming days. BoB crashed today over report alleging
money laundering. BoJ embarked on its bold drive, but weak U.S. jobs data &
Portugal worries weighed on Europe. Nifty down by 10pts, closed at 5542.
Whereas, Sensex lost 12 pts and closed at 18437. EUR is in green.
Stock Recommendation:
CapitalHeight’s stock
recommendation for 09/04/2013 is Tata
Consultancy Services Ltd. It has been trading in consolidation trend from
last few trading sessions. In today’s trading session, it was down by 1.15% and
breached its trend line support level. It closed below 50 DMA level. We can see
further downside movement in the stock. Momentum indicator RSI is also trading
in negative territory. All the indicators are suggesting that we can see some
downside movement in the stock. Its strong support level is around 1455. One can
go for short position in TCS Ltd below 1475. The stock may test level of 1410
in near term.
Technical View:
NIFTY TREND:
CONSOLIDATE
NIFTY SPOT LEVELS
SUPP 1: 5535 ; SUPP
2: 5447
RES 1: 5635 ; RES
2: 5720
BANK NIFTY TREND:
CONSOLIDATE
BANK NIFTY FUTURE
LEVELS
SUPP 1: 10910 ; SUPP
2: 10730
RES 1: 11315 ; RES
2: 11560
Our recommendation
on TCS Ltd is SELL below 1475
for the Target of 1465/1450.
Money CapitalHeight is an ISO 9001-2011 Registered
Company. We are a leading Stock
Advisory Company, having a strong hold in providing most authentic and
accurate Stock Tips & Commodity Tips.
For 2 Days Free Stock Tips, Live
stock calls, stock market recommendation, stock technical view, stock market strategy,
stock market planning please visit our
site at www.capitalheight.com or please
call our 24/7 Customer Care Support us at
+91 9993066624, 0731 – 4295950.