Indian Share Market | Agri Commodity Market Tips & Recommendation by CapitalHeight

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Stock Trading Tips & Recommendation:  

CapitalHeight’s Stock recommendation for 5/11/2014 is Aurobindo Pharma Ltd. In today’s trading session it was up by 4%. On the daily chart, it made a bullish candle and closed at all time high. It has been taking resistance at this level if it come above this then we can see further buying movement in coming days. Its short term support level is at 940. Stochastic has also given positive territory. All the indicators are suggesting that the stock may see some upside movement. One can go for long position in this stock above 1005. The stock may test level of 1040-1070 in coming days.

Our recommendation on Auro Pharma is LONG above 1005 for the Target of 1015-1030.

Stock Trading Tips:

·         BUY ZUARI (LCP 299.1) ABOVE 302 TG-306-311

·         BUY MPS (LCP-733.65) ABOVE 736 TG-742-749

·         BUY SRF (LCP-849.35) ABOVE 855 TG-863-875

·         BUY GREENPLY (LCP 1248.2) ABOVE 1255 TG-1263-1278

Today Agri Commodity News :

·         Chana fut went higher by 1.01%, on strong spot demand.

·         Cardamom future went down by 3.93%, on higher arrivals.

·         Dhaniya future jumped by 1.46%, on spot market demand.

Dhaniya future went up by 1.46% as smart buying was seen at support level. Mentha Oil future climbed by 1.30%, amid pick-up in spot demand against restricted arrivals. Cardamom future moved down by 3.93% after speculators reduced positions amid higher supplies in spot markets from producing belts. Jeera fut closed down by 0.84%.