The Indian rupee opened higher by 10 paise at 60.22 per dollar
versus 60.32 Wednesday. The dollar struggled to make any headway, still
languishing near a three-week trough against a basket of major currencies as
investors stayed on the sidelines ahead of a closely watched US employment
report.
After a mid-week holiday, the market opened on a higher note. The
Sensex is up 75.79 points at 22493.59, and the Nifty is up 15.45 points at
6711.85. About 242 shares have advanced, 53 shares declined, and 13 shares are
unchanged.
CapitalHeight’s stock recommendation for 02/05/2014 is Oberoi
Realty Ltd. It has been trading in consolidation trend from last month. In
today’s trading session, it was down by 3.22%. On the daily chart, it made a
Morubozu candlestick and has given trendline breakdown. Momentum indicator
stochastic has given negative crossover.
Our recommendation on Oberoi Realty is SHORT
below 205 for the Target of 199-192.
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