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Stock Trading Tips & Recommendation:
CapitalHeight’s Stock recommendation for 16/10/2014 is
Den Networks Ltd. In today’s trading session,
it was up by 19.97%. On the daily chart, it has given
downward trend line breakout with good volume and made a long bullish candle.
It closed above 200 DMA level. Momentum indicator stochastic has also given
positive crossover. It has been showing a smart recovery from lower level. All
the indicators are suggesting that the stock can see further upside movement in
coming days. Its short term support level is at 150. One can go for long
position in this stock above 187. The stock may test level of 225 in coming
days.
Our recommendation on Den Networks is LONG above 187 for the Target of 192-199.
Stock Cash Trading Tips For Today:
·
BUY
DATAMATICS (LCP-86.5) ABOVE 87.5 TG-89.5-92
·
BUY
ONELIFE CAPITAL (LCP 202.55) ABOVE 204 TG-207-211
·
BUY
DOLPHINE OFFSHORE (LCP 171.8) ABOVE 173 TG-175-178
·
BUY DEN
NETWORK(LCP-186.2) ABOVE 188 TG-191-195
Commodity Market Outlook:
·
Gold futures for December delivery rose 0.9
percent
·
Silver futures for December delivery climbed 0.4
percent
·
Copper futures for December delivery tumbled 2.6
percent
Gold capped the longest rally since August as weaker
global economies and slumping U.S. equities revived demand for the metal as a
haven asset. Copper futures tumbled the most in seven months as signs of muted
inflation signaled lower metal demand in China, the world’s top user, and the
U.S., the second-biggest.
Today Commodity Market Trend:
ZINC (OCT)
Trend: Consolidate | Strategy: Buy on Dips
R1- 145.9 R2- 149.5 | S1-140.2 , S2- 137.3
NICKEL (OCT)
Trend: Consolidate | Strategy: Sell on High
R1- 1037, R2- 1055| S1-985, S2-958
ALUMINUM (OCT)
Trend: Consolidate | Strategy: Sell on High
R1- 120.3, R2- 122.5 | S1-116.3, S2- 113.5
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