Stock & Agri Commodity Market Recommendation by Money CapitalHeight

Stock Market Report & Recommendation:

CapitalHeight’s Stock recommendation for 27/10/2014 is Tata Metaliks Ltd Ltd. It has been consolidating from last few months. In today’s trading session, it was up by 16.84%. On the daily chart, it formed “Rounding Bottom” pattern and has given breakout with good volume. Momentum indicator stochastic has given positive crossover. Its short term support level is at 100. All the indicators are suggesting that the stock may see some upside movement. One can go for long position in this stock above 155. The stock may test level of 200 in coming days.

Our recommendation on Tata Metaliks is LONG above155 for the Target of 162-170.

Agri Commodity Market Outlook:

·         Chana future picks up by 2.34%, as fresh buying seen in mkt.

·         Dhaniya future went down by 1.30%, on weak spot demand.

·         Soybean future went up by 2.53%, on strong demand in mkt.

RM Seed future jumped by 1.12%, on rising demand in spot market against restricted arrivals from producing regions. Dhaniya future prices fell by 1.30%, as speculators booked profits amidst subdued spot demand. Castor Seed future climbed by 1.90%, supported by strong spot market demand. Cardamom future prices went up by 1.50%.

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