Press release
Daily Equity Tips Report by CapitalHeight.com – 10 May
Stock RecommendationCapitalHeight’s stock recommendation for 10/05/2011 is Bata India ltd. Bata India is in overall uptrend making higher top and higher bottoms and it has today made a flag pattern bullish continuation break out and made a fresh all time high of 456.80 ending up nearly 6% at 453.80. The stock is expected to continue its uptrend channel in short term trend.
Our recommendation on Bata India is BUY above 455 for the Target of 461– 469.
MARKET WRAP
Indian markets ended mixed, Nifty holds 5550, down 1 pts & Sensex up 11 pts.
Mundra port Q4 net profit up 36% at Rs. 918 Cr., sales up 40% at Rs. 1937 Cr.
European markets were in red with DAX worst, Dow future was down 24 pts.
Indian equity market ended down mixed with Nifty on negative bias shredding trivial 1 pts to end at 5551 while Sensex added 11 pts to settle at 18529. European markets were in red with FTSE down 35 pts at 5941, CAC down 42 pts at 4016 & DAX down 75 pts at 7417 as Greek debt crisis hits investors sentiments. Dow future was down 24 pts.
TECHNICAL VIEW
NIFTY OUTLOOK
NIFTY TREND: CONSOLIDATE
NIFTY SPOT LEVELS:
SUPP 1:5510, SUPP 2: 5450
RES 1: 5615, RES 2: 5685
BANK NIFTY OUTLOOK
CH BANK NIFTY TREND: CONSOLIDATE
BANK NIFTY FUTURE LEVELS:
SUPP 1: 10920, SUPP 2: 10680
RES 1: 11280, RES 2: 11520
CapitalHeight Financial Services is a Stock Advisory Company, having a strong hold in providing most authentic and accurate Equity Tips as well as Commodity Tips.
We are a team of highly qualified analysts, who deliver their expertise in providing stock market calls for traders which include Stock Tips, Commodity Tips, MCX Tips, Equity Tips and Intraday Tips.
Our research is based around these services:
• Stock Tips
• Commodity Tips
• Equity Tips
• Intraday Tips
• NCDEX Tips
GET FREE TRIAL 0731-4295950
Or mail us here: contact@capitalheight.com
Or visit our site that is
http://www.capitalheight.com
http://www.capitalheight.com/daily/stocks/DAILY%20NEWS%20LETTER%20EQUITY.pdf
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CapitalHeight Financial Services is a Stock Advisory Company, having a strong hold in providing most authentic and accurate Equity Tips as well as Commodity Tips.
We are a team of highly qualified analysts, who deliver their expertise in providing stock market calls for traders which include Stock Tips, Commodity Tips, MCX Tips, Equity Tips and Intraday Tips
CapitalHeight Financial Services,
Plot No.21, II Floor,Usha Nagar Extension,
Near Ranjit Hanuman Temple,
Above State Bank of Patiala,
Indore-452009
Ph: + 91 - 731 - 429 5950
Fax: + 91 - 731 - 429 5977
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