Capvision News Update About Stock Market 12-7-2014

INDORE, India - July 12, 2014 - PRLog -- MARKET WRAP FOR EQUITY

The 30-share BSE Sensex crashed 937.71 points or 3.6 percent to 25024.35 and the 50-share NSE Nifty closed below the 7500 level, down 292 points or 3.8 percent to 7459.60 after hitting weekly low of 7447.20 and high of 7808.85 (record high). The broader space saw major cut; the CNX Midcap and BSE Smallcap indices tanked 8 percent.

CAPVISION NIFTY OUTLOOK

Trend: - Consolidate

Resistance: - 7630, 7820

Support: - 7450, 7350

Strategy:- Buy on dips

CAPVISION BANK NIFTY OUTLOOK

Trend: - Consolidate

Resistance: - 15000, 15450

Support: - 14300, 14100

Strategy: - Buy on dips

Stock Recommendation

Capvision’s stock recommendation for 14/07/14 is Aurobindo Pharma.
Aurobindo Pharma has been in continuous downtrend for the past few days, But stock is in up trend in long term. The stock has been witnessing better volumes as well and in the near term it is expected to test next level at 710 and if that is broken then may target 730 in short term.

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