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From Money Capital height
Indian Indices Eked Out
Marginal Gains As Traders Refrained From Building Large Positions Ahead Of The
Beginning Of The Q1 Earnings Season Next Week. Nifty Up By 9pts Settles At 5288
& Sensex Up By 27pts Settles At 17425.
·
India market consolidates with negative biasness
and closed almost flat.
·
Asian pacific positive on hope Europe, US &
China come with monetary policy.
·
GBP construction PMI at 48.2, EUR PPI m/m at
-0.5%, Dow future down 30pts.
Indian indices eked out marginal gains as traders
refrained from building large positions ahead of the beginning of the Q1
earnings season next week. Nifty up by 9pts settles at 5288 & Sensex up by
27pts settles at 17425. Realty sector was biggest gainer. Euro markets green,
DAX up 47pts at 6543, CAC 12pts at 3252 & FTSE by 21pts at 5662.
stock recommendation for 4/07/12 is TTK Prestige. TTK
Prestige has cross its crucial resistance level of 3155, in today’s trading
session. It has shown continuous upward rally in whole trading session. The stock
was up by 5% and shown net movement of 160 points. It has also given break out
of its reverse head and shoulder neckline in its daily chart. In upcoming
session we can expect some more bullish trend. TTK Prestige can test the level
of 3370-3390 in short terms, & in near term continuing the trend may test
3440.
Our recommendation on TTK Prestige is BUY above 3325 for the Tg of 3360 & 3380.
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