Stock Market Opening News:
Equity benchmarks extended gains on Thursday, the expiry day for August derivative contracts. The Sensex rose 66.62 points to 26626.77 and the Nifty climbed 19.80 points to 7955.85.
About 688 shares have advanced, 221 shares declined, and 31 shares are unchanged.
Shares of Larsen and Toubro, ICICI Bank, Axis Bank, Bharti Airtel, Bajaj Auto, Cairn India, BPCL and HCL Technologies gained 0.8-0.9 percent. However, Hero Motocorp, Hindalco Industries, Sun Pharma, Infosys, ONGC and TCS fell 0.2-0.7 percent.
The Indian rupee opened marginally higher at 60.39 per dollar on Thursday as against previous day's closing value of 60.45 a dollar.
Today Stock Trading Tips :
BUY FINTECH (LCP 261.8) ABOVE 262 TG-265-273
BUY DLF (LCP-181.80) ABOVE 182 TG-186-190
BUY TATA ELEXI (LCP 616.8) ABOVE 617 TG-624-634
BUY ONE LIFE CAPITAL (LCP-225) ABOVE 227 TG-232-240
CapitalHeight’s stock recommendation for 28/08/2014 is Bharat Electronics Ltd. It has been trading in range bound note from last month. In today’s trading session, it was up by 20%. On the daily chart, after consolidation it has given breakout with good volume and made a long bullish candle. It has been taking strong support of 1700 level. Momentum indicator stochastic has also given positive crossover. All the indicators are suggesting that stock can see further upside movement. Its short term support level is at 1700.
Our recommendation on Bharat Ele is LONG above 2090 for the Target of 2110-2140.
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