Daily NewsLetter Equity By Money CapitalHeight 21-03-2012

* Indian equity markets remains volatile today and closed with marginal recovery. * Global markets were weak, looking ahead for Fed Chairman Bernanke Speaks.

INDORE, India (prHWY.com) March 21, 2012 - MARKET WRAP FOR EQUITY
* Indian equity markets remains volatile today and closed with marginal recovery.
* Global markets were weak, looking ahead for Fed Chairman Bernanke Speaks.
* European market were bearish, FTSE down 65pts, CAC 45pts, DAX 95pts.

The market was volatile today and closed with the recovery from downside with nifty up 17pts settles at 5274 and Sensex up 42pts settles at 17316.Realty remains the biggest gainers. Euro markets were red on concern of rising crude oil prices DAX down95 pts at 7058, CAC 45 pts at 3532 & FTSE 65 pts at 5896. Dow Futures was down 27.50 pts.

CH NIFTY OUTLOOK
NIFTY TREND: CONSOLIDATE
NIFTY SPOT LEVELS:
SUPP 1: 5220
SUPP 2: 5145
RES 1: 5345
RES 2: 5415

CH BANK NIFTY OUTLOOK
BANK NIFTY TREND: CONSOLIDATE
BANK NIFTY FUTURE LEVELS:
SUPP 1: 10130
SUPP 2: 9950
RES 1: 10450
RES 2: 10680

Stock Recommendation
CapitalHeight's stock recommendation for 21/03/12 is Hexaware Technologies. Hexaware have strong buying pressure. And it's also trading near to its 52 weeks high level. The stock again comes to its resistance level after profit booking in it. Despite of volatile market, it has outperformed and remains positive in whole trading session. The stock is in bullish trend, and above 127 it may go for 129-132.

Our recommendation on Hexaware Tech is BUY above 127 for the Tg of 129 & 132.

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Tag Words: equity tips, stock tips, mcx tips

Categories: Business

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