Today’s Stock Market News Analysis & Strategy by Money CapitalHeight


Posted January 22, 2015 by rajmalhotra11

The 30-share BSE Sensex touched 29000 level for the first time, up 108.24 points at 28997.10 while the 50-share NSE Nifty hit 8750, up 19.50 points at 8749.

 
• Indian markets made a new high. Nifty and Sensex up by 0.39% and 0.36%.
• Asia-Pacific markets mixed. Nikkei down by 0.50% and Kospi up by 0.15%
• Wall Street ended up.CNY Industrial prod.at 7.9%. Dow futures down 2.50 pts.

The market opened higher on Thursday following positive global cues. The 30-share BSE Sensex touched 29000 level for the first time, up 108.24 points at 28997.10 while the 50-share NSE Nifty hit 8750, up 19.50 points at 8749.
About 721 shares have advanced, 263 shares declined, and 198 shares are unchanged on the Bombay Stock Exchange.
ITC, Infosys, ONGC, Sun Pharma, Bajaj Auto, Hero Motocorp, Cipla and Tata Steel gained 0.7-1.3 percent. However, ICICI Bank, Reliance Industries, Bharti Airtel and NTPC fell 0.4-1 percent on profit taking.
The Indian rupee opened with marginal gains of 4 paise at 61.60 per dollar today versus 61.64 Wednesday.
Stock recommendation for 22/1/2015 is Hindustan unilever ltd. In today’s trading session it was up by 5.19%. Its long term trend is up. On daily chart it may give upside breakout if it crosses 950 level. Stochastic and RSI has also given buying confirmation. On daily chart its short term support level is 920. All the indicators are suggesting that one can go for long position in this stock above 950 levels. The stock may test level of 980-1000 in coming days.
Our recommendation on HUL ltd. is LONG above 950 levels for target of 975-990.
Stock Tips for Today
• BUY NAVIN FLORO (LCP-736.85) ABOVE 740 TG-746-755
• BUY TBZ (LCP 176) ABOVE 178 TG-181-185
• BUY SHEMAROO (LCP 239.8) ABOVE 242 TG-246-251
• BUY SUNTECK (LCP-249.65) ABOVE 251 TG-255-260
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Issued By Money Capitalheight
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Categories Business , Finance
Tags commodity market tips , commodity trading tips , equity tips , mcx tips , stock cash tips , stock tips
Last Updated January 22, 2015