Stock Market Trading And Recommendation News For Today

Indian Market Warp

Indian markets ended flat. Nifty ends flat and Sensex down by 0.07%.

Asia-Pacific markets down. Nikei dwn by 1.72% & Hang Seng 0.59%.

Wall St down. German Ind Production 0.4%. Dow Fut down 185 pts.

       Indian shares are set to open higher on Wednesday as Asian shares rise for a second consecutive day. The MSCI-Asia Pacific excluding Japan index gains 0.88 percent adding to Tuesday's rise of 0.6 percent.

       NSE futures traded on the Singapore Exchange gain 0.24 percent, while the MSCI-Asia Pacific excluding Japan index is up 0.88 percent.

     Among other stocks, Tata Motors rose 0.78 percent to USD 36.30 and Dr Reddy's Laboratories fell 2.39 percent to USD 42.39.
Stock Recommendation

CapitalHeight’s stock recommendation for 09/04/2014 is Cipla Ltd. It has been trading in rang from last few months. In today’s trading session, it was down by 2.08%. On the daily chart, it formed “Bearish Engulfing” pattern and closed below 200 DMA levels, which suggest some weakness in stock.

Our recommendation on Cipla Ltd is SHORT below 392 for the Target of 387-380.

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