The market may open sharply lower on weak Asian stocks. Trading of
CNX Nifty futures on the Singapore stock exchange indicates that the Nifty
could fall 70 points at the opening bell. Stocks fell across Asia after Federal
Reserve Chairman Ben Bernanke said after a two day policy meeting on Wednesday,
19 June 2013, that the central bank may reduce bond purchases later this year
should the US economy strengthen. Concerns about the health of the Chinese
economy also weighed on sentiment after a survey showed further slowdown in
China's manufacturing sector.
Today’s
Equity Market Calls:
· SELL JINDAL POLLY (LCP 164.9) BELOW 162.5 TG-160.5-157.5
· SELL AJANTA PHARMA (LCP-933.7) BELOW 930 TG-923-911
· SELL TATA COFFEE (LCP-1083.65) BELOW 1075 TG-1066-1052
· BUY TTK PRESTIGE (LCP-3080) BELOW 3065 TG-3045-3010
Today’s
Recommendations:
CapitalHeight’s
stock recommendation for 20/06/2013 is Tech Mahindra Ltd. It has been trading
in upside from last few days. In today’s trading session, it closed with gain
of 3.67%. On the daily chart, it made a long white candlestick and has given
trendline breakout. Momentum indicator stochastic has also given positive
crossover. All the indicators are suggesting that we can see some upside
movement in the stock. Its short term strong support level is around 905. One can
go for long position in Tech Mahindra above 1018. The stock may test level of
1070 in near term.
Our recommendation on Tech Mahindra is BUY above 1018 for the Target of 1028/1040.
Money CapitalHeight Research Pvt Ltd is an ISO 9001-2011 Registered Stock Advisory Company, having a strong hold in providing most authentic and accurate Equity Tips as well as Commodity Tips. We are also Providing Live Equity market Calls, Free Equity Charts, Equity market strategy and planning with 90-95% accuracy. For More info Visit our site http://www.capitalheight.com/stock-tips.php or call at 0731-6615050
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