Indian Stock Market & Commodity Market News & Recommendation By Money CapitalHeight

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Today Stock Trading News & Recommendation:

The market has started to slide in opening itself on weak global cues. The Sensex is down 127.53 points at 26933.51, and the Nifty slips 35.15 points at 8070.35. About 458 shares have advanced, 369 shares declined, and 38 shares are unchanged.
CapitalHeight’s Stock recommendation for 15/09/2014 is Hikal Ltd. It has been trading in uptrend from last month. In today’s trading session, it was up by 8.46%. On the daily chart, it made a long white candlestick pattern and has given trend line breakout with good volume.

Our recommendation on Hikal Ltd is LONG above 728 for the Target of 734-742.

Commodity Market Today:

·         Gold futures dropped to an eight-month low

·         Silver futures for delivery in December rose less than 0.1 percent

·         Copper futures for December delivery gained 0.5 percent

·         Zinc, lead and tin also rose, while aluminum and nickel dropped.

·         Crude oil recovers from an eight-month low

Gold futures dropped to an eight-month low on waning demand for the metal as a hedge against inflation. Silver futures for delivery in December rose less than 0.1 percent to $18.606 an ounce on the Comex, after dropping to $18.455, the lowest since June 2013.