Indian Share Market Tips | Nifty Tips & Recommendations by Money CapitalHeight

Stock Cash Tips & Recommendations

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.

Today’s Stock Cash Tips:

·   BUY APCOTEX (LCP-428.15) ABOVE 431 TG-435-442

·   BUY MAHINDRA CIE (LCP 218.3) ABOVE 220  TG-223.5-228

·   BUY EXCEL INDUS (LCP 384.35) ABOVE 387 TG-392-398

·   BUY MAHINDRA UGINE (LCP-560.7) ABOVE 563 TG-569-577

Nifty Market Trends:

Post a positive to flat start, the Nifty traded in a narrow and tight band amid very high volatility and finally ended flat adding only 2 points in spot. Nifty futures premium increased and settled at 37 points. India VIX increased 3.33 percent and settled at 13.74.
The Nifty is likely to open positive on the back of strong global cues. It is likely to trade in the 8328-8400 range. Buy Nifty in the range of 8340-8345 for targets of 8375-8400 and stoploss at 8328.
Further accumulation of long position continued, with good buying in the range of 17000-17050. Also, strong FII inflows are supporting the current upward trend. We feel the current up move will continue. Buy Bank Nifty at 17010-17040, Targets: 17130-17220 with stoploss at16950.
NIFTY TREND: BULLISH

NIFTY SPOT LEVELS

SUPP 1: 8265 SUPP 2: 8180

RES 1: 8385 RES 2: 8450

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