Today’s Equity Market News & Trends Analysis Recommendation by Money CapitalHeight


Posted February 13, 2015 by rajmalhotra11

SBI is up 2 percent while ICICI Bank, Hero, Dr Reddy's Labs, and Sun Pharma. BHEL is down 5 percent and Coal India, ONGC, Infosys and M&M are losers in the Sensex.

 
• Indian markets ended green. Nifty and Sensex up by 0.98 % and 0.95%.
• Asia-Pacific mkts.mixed. Hang seng up by 0.44% and Kospi down by 0.21%.
• Wall Street. up.JPY manufacturing PMI at 52.2%. Dow futures up 32 points.
Indian market ended on positive note ahead of January CPI data and Dec. industrial output data. On sectorial front Banking, communication,Reality,It stocks were up Sensex was up by 271 points to settle at 28805 & Nifty went up by 84 points to settle at 8711 level. European markets traded up.
Today’s Stock Market News:
Sensex, Nifty open firm; SBI gains 2%, BHEL drags 5%

The market has opened higher. The Sensex is up 71.07 points at 28876.17 and the Nifty is up 29.95 points at 8741.50. About 464 shares have advanced, 144 shares declined, and 136 shares are unchanged.
The S&P BSE Sensex raised as much as 110 points in trade on Friday on positive macro economic data and global cues. The rally in the index was led by gains in ICICI Bank, Reliance Industries, Sun Pharma, SBI and L&T.
SBI is up 2 percent while ICICI Bank, Hero, Dr Reddy's Labs, and Sun Pharma. BHEL is down 5 percent and Coal India, ONGC, Infosys and M&M are losers in the Sensex.
Reviving hopes of manufacturing recovery, industrial production grew at five-month high of 3.8 per cent in November last year, but retail inflation inched up to 5 per cent in December.
The Indian rupee gained in early trade. It rose 18 paise to 62.13 per dollar against 62.31 Thursday. The dollar drops across the board after weaker-than-expected US economic data.
CapitalHeight’s Stock recommendation for 13/2/2015 is Britannia ltd. In today’s trading session it was up by 1.96 %. 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 1920. All the indicators are suggesting that one can go for long position in this stock above 1980 levels. The stock may test level of 2020-2050 in coming days.
Our recommendation on Britannia ltd. is LONG above 1980 levels for target of 2020-50.
Stock Trading Tips:
• BUY WHEELS (LCP-1551.15) ABOVE 1555 TG-1565-1580
• BUY BEML (LCP 933.1) ABOVE 935 TG-941-948
• BUY BF UTILITIES (LCP 592.6) ABOVE 595 TG-600-607
• BUY BBTC (LCP-462.6) ABOVE 467 TG-472-479
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Tags equity tips , mcx tips , stock cash tips
Last Updated February 13, 2015