Live Stock Market Updates
•The market is going steady with the Nifty hovering around 7900, up 24.25 points at 7898.50. The Sensex is up 81.01 points at 26471.97. About 1369 shares have advanced, 911 shares declined, and 98 shares are unchanged.
•Capital Good, Metal and Auto indices are lending support to the market. Sesa Sterlite, Dr Reddy's Labs, M&M, Axis Bank and Hindalco are top gainers in the Sensex. Among the losers are TCS, Sun Pharma, HDFC, Cipla and ONGC.
•Blue-chips lead gains: Larsen and Toubro and Tata Motors gain 1 percent each.
•Good institutional flows, both domestic and foreign, and gains in Asian shares help.
•Overseas investors bought cash shares worth 4.73 billion rupees ($77.84 million) on Monday, provisional exchange data shows.
•They also bought equity derivatives worth 15.12 billion rupees, as per the data.
•Domestic institutional investors bought cash shares worth 4.90 billion rupees in the previous session.

Live Stock Market Tips Today:
• SELL ONE LIFE CAPITAL (LTP-242.95) BELOW 241 TG-237-230
• SELL RS SOFTWARE (LTP-553.1) BELOW 550 TGT -545-535
• BUY TIMKEN IND (LTP-391.15) ABOVE 392 TG-396-402
• BUY ICICI BANK (LTP-1530.1) ABOVE 1532 TGT -1540-1555
Stock Market Recommendations:
CapitalHeight’s stock recommendation for 19/08/2014 is Igarashi Motors India Ltd. It has been trading range. In today’s trading session, it was up by 12.59%. On the daily chart, it has given “Rounding Bottom” pattern breakout with good volume. It is trading above 200 DMA level. Momentum indicator stochastic has given positive crossover. All the indicators are suggesting that stock can see further upside movement in coming days. Its short term support level is at 171. One can go for long position in this stock above 226. The stock may test level of 265 in coming days.
Our recommendation on Igarashi Motors is LONG above 226 for the Target of 231-238.

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