Share Market News
The Nifty tested 7400, at up 61.65
points at 7428.75 and the Sensex is up 259.73 points at 24953.08. About 796
shares have advanced, 87 shares declined, and 29 shares are unchanged.
Indian rupee has opened higher at 58.44 a dollar on Monday, up 8 paise compared to Friday's closing value of 58.52 a dollar.
Indian rupee has opened higher at 58.44 a dollar on Monday, up 8 paise compared to Friday's closing value of 58.52 a dollar.
The Nifty is likely to open flat on the
back of mixed global cues. It is likely to trade in the range of 7350-7450. The
trading strategy would be to create longs near 7370-7375 for targets of 7405
and 7425. On the other hand, one can enter shorts if the index finds resistance
near 7450.
Stock Recommendation
CapitalHeight’s stock
recommendation for 26/05/2014 is Punjab National Bank Ltd. It has been trading
in uptrend. In today’s trading session, it was up by 5.12%. On the daily chart,
it made a long white bullish candlestick and closed above resistance level.
Our recommendation on PNB is LONG above 1040 for
the Target of 1050-1075.
For Sureshot Intraday Stock Market Tips or Premium Tips visit our
site at www.capitalheight.com/stock-cash-plus-tips.php or Call at 0731-6615050
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