• Indian markets ended flat. Nifty and Sensex down by 0.14% and 0.18%.
• Asia-Pacific ended mixed. Hang Seng down by 0.75% and Nikkei up by 0.31%
• Wall Street down.EUR final core CPI stood at 0.6%.Dow futures down by 170 pt
The market has opened firm with the Sensex gaining 151 points at 28803.50. The Nifty is at 8752, up 50.75 points. About 702 shares have advanced, 136 shares declined, and 93 shares are unchanged.
SBI, ICICI Bank, BHEL, Sesa Sterlite and HDFC are top gainers in the Sensex. Among the losers are Bajaj Auto, M&M, HUL, Hindalco and Bharti Airtel.
The Indian rupee opened flat at 62.77 per dollar against previous day's closing value of 62.78 a dollar.
CapitalHeight’s Stock recommendation for 12/3/2015 is M&M ltd. In today’s trading session it was up by 2.61%. Its long term trend is up. On daily chart it has given upside breakout. Stochastic and RSI has also given buying confirmation. On daily chart its short term support level is 1220. All the indicators are suggesting that one can go for long position in this stock above 1260 levels. The stock may test level of 1290-1330 in coming days.
Our recommendation on M&M ltd. is LONG above 1260 levels for tgt of 1290-1310.
Today Stock Trading Tips:
BUY TATA ELEXI (LCP-1255.2) ABOVE 1258 TG-1267-1280
BUY NATCO PHARMA (LCP 1790.05) ABOVE 1795 TG-1808-1825
BUY IFB INDUS (LCP 616.55) ABOVE 619 TG-625-632
BUY BBTC (LCP-518.8) ABOVE 520 TG-525-532
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