Stock Trading & Commodity Market Tips & Recommendation by Money CapitalHeight

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Today Stock Trading Tips & Recommendation:

·         BUY JAMNA AUTO (LCP-137.95) ABOVE 139 TG-141.5-145

·         BUY DATAMATICS (LCP 68.45) ABOVE 69 TG-70.5-73

·         BUY IRB INFRA (LCP 257.75) ABOVE 259 TG-261.5-265

·         BUY YES BANK (LCP-608.6) ABOVE 610 TG-614-620

CapitalHeight’s stock recommendation for 03/09/2014 is The Great Eastern Shipping Company Ltd. In today’s trading session, it was up by 4.60%. On the daily chart, it has formed “Rounding Bottom” pattern and has also given “Horizontal line” breakout with good volume. Momentum oscillator stochastic is also trading in positive territory. All the indicators are suggesting that stock can see further upside movement. Its short term support level is at 350.

Our recommendation on GE Shipping is LONG above 400 for the Target of 406-415.

Today Commodity Market Trends:

·         Gold futures for December delivery dropped 1.7 percent

·         Dollar jumped to the highest since January

·         Silver futures for December delivery fell 1.7 percent

·         Crude futures dropped as much as 1.2 percent

GOLD (OCT)

Trend: Consolidate | Strategy: Sell on High

R1- 27880, R2- 28250| S1-27250, S2- 26980

SILVER (DEC)

Trend: Consolidate | Strategy: Sell on high

R1- 43450,R2- 44500| S1-41650, S2- 40180

Gold and silver futures tumbled to the lowest since June as U.S. manufacturing in August expanded at the fastest pace in three years, bolstering prospects for the economy and damping demand for the metal. The dollar jumped to the highest since January against a basket of 10 currencies.