Stock market Recommendation &
Opening News:
The Nifty has hit
8100 on October F&O expiry day. The 50-share index is up 10.45 points at 8100.90.
The Sensex is up 40.25 points at 27138.42.
About 581 shares
have advanced, 257 shares declined, and 34 shares are unchanged.
CapitalHeight’s Stock recommendation for 30/10/2014 is Orbit Exports Ltd. It has been trading in uptrend from June. In today’s trading session, it was up by 9.85%. On the daily chart, it formed “Rounding Bottom” pattern with good volume, if it gives breakout above 325 level then it may see some smart buying. Momentum indicator stochastic has also given positive crossover. Its short term support level is at 270. All the indicators are suggesting that the stock may see some upside movement. One can go for long position in this stock above 325. The stock may test level of 375 in coming days.
CapitalHeight’s Stock recommendation for 30/10/2014 is Orbit Exports Ltd. It has been trading in uptrend from June. In today’s trading session, it was up by 9.85%. On the daily chart, it formed “Rounding Bottom” pattern with good volume, if it gives breakout above 325 level then it may see some smart buying. Momentum indicator stochastic has also given positive crossover. Its short term support level is at 270. All the indicators are suggesting that the stock may see some upside movement. One can go for long position in this stock above 325. The stock may test level of 375 in coming days.
Our
recommendation on Orbit Exports is LONG
above 325 for the Target of 332-340.
Intraday Trading Tips:
·
BUY
ZUARI (LCP 232.25) ABOVE 234 TG-237-242
·
BUY IFGL
(LCP-201.9) ABOVE 203 TG-206-211
·
BUY SRF
(LCP-805.45) ABOVE 808 TG-815-825
·
BUY MPS
LTD (LCP 719.5) ABOVE 722 TG-728-737
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please visit our site at http://www.capitalheight.com/ or Call at 0731-6615050, 9993066624.
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