You are here: Home Business Investment Daily Equity Report by CapitalHeight.com –02 January 2012

Daily Equity Report by CapitalHeight.com –02 January 2012

January 1, 2012 Investment news in Indore,Madhya Pradesh, India, Republic of

152

Print PDF Email to Friends Email to Author

Indian market ends moderately down; Nifty down 22 pts, Sensex down 89 pts. U.S. Unemployment claims came at 381K; Pending Home sales m/m at 7.3%.

FOR IMMEDIATE RELEASE
Indore, Madhya Pradesh, India, Republic of (Free-Press-Release.com) January 1, 2012 -- Stock Recommendation

CapitalHeight’s stock recommendation for 02/01/12 is Reliance Industries. Reliance Industries has been in downtrend from the past few months making lower tops & lower bottoms. The stock after making a lower top has come down in order to continue to its trend. Reliance Industries has also made a head & shoulder pattern (indicating bearishness) and today it has break its neckline. It is expected that from here it should go down in order to respect its pattern. The stock today has made a long bearish candle indicating bearishness in the near term; Reliance Industries is expected to test the level of 610 and further if continued downtrend may test the level of 560 in the medium term.

Our recommendation on Reliance Industries is SELL below 689 for Tg- 682 & 670.

MARKET WRAP

Indian market ends moderately down; Nifty down 22 pts, Sensex down 89 pts.

U.S. Unemployment claims came at 381K; Pending Home sales m/m at 7.3%.

Euro markets were mixed with DAX leading; Dow Futures was down 19 pts.

It was a choppy session for the Indian market which closed near the low point of the day and with modest losses. Nifty was down 22 pts at 4624 & Sensex down 89 pts to settle at 15455. Euro markets were mixed with DAX up 16 pts at 5865, FTSE down 19 pts at 5547 & CAC up 7 pts at 3134. Dow future was down 19 pts at 12198.

TECHNICAL VIEW

NIFTY OUTLOOK

NIFTY TREND: CONSOLIDATE
NIFTY SPOT LEVELS:
SUPP 1: 4560, SUPP 2: 4480
RES 1: 4715, RES 2: 4785

BANK NIFTY OUTLOOK

CH BANK NIFTY TREND: CONSOLIDATE
BANK NIFTY FUTURE LEVELS:
SUPP 1: 7785, SUPP 2: 7550
RES 1: 8090, RES 2: 8270

Money CapitalHeight Research Pvt Ltd. an ISO 9001-2011.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
• Commodities 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

###

free-press-release.com Commodities Tips indian share market tips

Share |

Contact Information

Name: CapitalHeight

Company: Money CapitalHeight
Telephone: 07314295950
Email: ***@capitalheight.com
About the author
Money CapitalHeight Research Pvt Ltd is a leading Stock and Commodity 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 and experienced analysts, who de

Email to Friends Email to Author Report Abuse

People who viewed this press release also interested in the following topics: Nifty candlestick pattern.

Upcoming Trade Show New Press News New Exclusive News More Press News

PRIMA-Messe When: 2012.06.01~2012.06.03
Where: Kyritz,Germany
Industry:

FAMILY / SEIMYNELE When: 2012.06.01~2012.06.03
Where: Klaipeda,Lithuania
Industry:

Questions d'âge When: 2012.06.01~2012.06.03
Where: Bulle,Switzerland
Industry:

Credit Repair Services by Kristen Nuss Educate Consumers about their Rights Consumer protection laws are set in place to ensure fair and just credit reporting and repair services. Visit www.creditinstituteofamerica.com or call (800) 510-6050.

24-Hour Cloud Computing Support Helps Insurance Professionals Protect and Secure Their Data With the opening of a 24-hour support center, The Kotter Group is now offering around-the-clock cloud computing IT support to clients.

BACK TO SCHOOL SHOPPING CHAOS - A Thing of the Past Teachers and Parents Unite To Make Back to School Shopping Easy- Before Summer Vacation Even Begins.

The Essex Companies seeks interested professionals to work as telework recruiters The Essex Companies is expanding its team due to experiencing increased demand for professional staff in the New York, New Jersey and Connecticut. Currently hiring telecommuters to work as recruiters.

The Perfect Elevator Pitch - How to Attract Clients In 60 Seconds Or Less: Webinar Training Helps Business Owners Get More Clients Many business owners regularly attend networking meetings - with disappointing results. Networking Expert Sue Clement's new Webinar Series on crafting "The Perfect Elevator Pitch" offers the solution.

US Energy Initiatives Corp (USEI) Was Again the Highest Gaining Stock at Penny Stock Rumble 194 emails were received and added to the Rumble today. After careful consideration of the end of day data, looking at BOTH dollar volume and percentage gain, we have made a decision on the winnin.

AdCommunal / AdMobix Uses QR Codes to Help Transition web Marketers into Mobile Marketing Space QR codes take the guesswork out of mobile marketing

Brunswick Entrepreneurs Earn Top Honor from National Property Restoration Franchise George Cruz and Emilio Soli named PuroClean’s 2011 Franchisees of the Year

Mama Bracelets Re-designs, Reopens, Responds Mama Bracelets, LLC, an online jewelry business since 2010, re-opens its cyber doors after several weeks and keeps FSMA in its sight.

“How to Work More Successfully with Sellers, Buyers, and Agents: the Psychology of Investing and Why It’s Keeping YOU from Success” "Success in investing doesn't correlate with I.Q.. Once you have ordinary intelligence, what you need is the temperament to control the urges that get other people into trouble in investing."

AgriCommodity News India 01-June-2012 Cardamom sheds nearly 2% on continuous decrease in domestic demand. Prices closed near its support level of 1300.

Free Equity Tips On Mobile Nifty down 26pts settles at 4924 & Sensex by 93pts settles at 16218. Euro markets were green, DAX up 23pts at 6304

Silver Report May June-2012 MCX Silver is following a downward rally since March 2012. In the first week of March it gave a false break out above 58300.

Daily AgriCommodity Report 25-May-2012 Chana opened with positive trend but it could not sustain its gain and declines in the later half of trading session. Trend remains weak in the next sessions.

Daily Equity Report 25-May-2012 Nifty up 85pts settles at 4921 & Sensex by 274pts at 16222. Euro markets were green, DAX up 33pts at 6319, CAC by 34pts at 3037 & FTSE by 73pts at 5339.Dow Futures up 75pts.

Post your news to the World.See you news here immediately. It's easy and free!
Create free account or Login.