Intraday Stock Market News Analysis & Recommendation by Money CapitalHeight

The market extended up move in opening trade today with the Nifty reclaiming 8700 level led by FMCG, IT and banks stocks. The Sensex rallied 122.87 points to 28639.46 and the Nifty climbed 38.65 points to 8698.95.
By: MONEY CAPITALHEIGHT RESEARCH INVESTMENT ADVISERS
 
INDORE, India - April 8, 2015 - PRLog -- ·         Indian markets closed on positive note. Nifty and Sensex both up by 0.04%.

·         Asia-Pacific markets up. Hang Seng up by 0.76% and Nikkei up by 1.23%.

·         Wall Street up.USD CPI m/m stood at 0.2%.Dow futures up by 262 pts.

Indian markets closed on positive note after highly volatile session amid RBI policy. There is no change in Repo rate and CRR in policy. On sectorial front Metals and IT sectors were up while Pharma sector was stable in market. Sensex was up by 12 points at 28516 & Nifty went up by 15 point to settle at 8675 level. European markets traded up.

Stock recommendation for 8/4/2015 is BEML ltd. In today’s trading session it was up by 0.17%. 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 1130. All the indicators are suggesting that one can go for long position in this stock above 1170 levels. The stock may test level of 1200-1240 in coming days.

Our recommendation on BEML ltd. is LONG above 1170 levels for tgt. of 1200-1240.

Intraday Stock Trading Tips Advice


BUY BEML (LCP-1163.3) ABOVE 1165 TG-1175-1189

BUY SUVEN (LCP 316.5) ABOVE 319 TG-323-327

BUY STAR (LCP-1230.05) ABOVE 1233 TG-1241-1250

BUY WOCKHARDT (LCP-1976) ABOVE 1980 TG-1990-2005

For more info & Free Trials visit at www.capitalheight.com/about.php  or call at 0731-6615050, 9993066624.

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Source:MONEY CAPITALHEIGHT RESEARCH INVESTMENT ADVISERS
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Tags:Intraday Tips, Intraday Stock Tips, Stock Future Tips
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