The Nifty is likely to open flat on the back of mixed global cues. It is likely to trade in the range of 6700-6790. The trading strategy would be to create shorts near 6765-6770 for targets of 6735 and 6715.
Tata Motors & HDFC Bank
Indian ADRs ended mixed on Tuesday. Among the IT sector, Infosys rose 0.13 percent at USD 53.29 and Wipro was down 1.18 percent at USD 11.77. In the banking space, ICICI Bank was down 0.61 percent at USD 43.99 and HDFC Bank added 0.12 percent at USD 40.88. In the other sectors, Tata Motors gained 1.15 percent at USD 37.75 and Dr Reddy's Laboratories shed 0.48 percent at USD 45.66.
Indian ADRs ended mixed on Tuesday. Among the IT sector, Infosys rose 0.13 percent at USD 53.29 and Wipro was down 1.18 percent at USD 11.77. In the banking space, ICICI Bank was down 0.61 percent at USD 43.99 and HDFC Bank added 0.12 percent at USD 40.88. In the other sectors, Tata Motors gained 1.15 percent at USD 37.75 and Dr Reddy's Laboratories shed 0.48 percent at USD 45.66.
Stock
Recommendation
CapitalHeight’s stock recommendation for 07/05/2014 is
Zee Entertainment Enterprises Ltd. It has been consolidating from last few
days. In today’s trading session, it was down by 1.31%. On the daily chart, it
is taking support of 200 DMA and upward trendline level.
Our recommendation on Zee Enter is SHORT below 260 for the Target of 255-250.
Money CapitalHeight
provides Equity cash tips, stock cash premium tips also 2 days free tips in any
segment. For more call at 0731-6615050.
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