Stock Market Recommendation:
CapitalHeight’s Stock recommendation for 20/10/2014 is Insecticides (India) Ltd. It has been trading in range. In today’s trading session, it was up by 14.93%. On the daily chart, it has given trend line breakout with good volume and made bullish candle. Momentum indicator stochastic has also given positive crossover. All the indicators are suggesting that the stock can see some upside movement in coming days. Its short term support level is at 660. One can go for long position in this stock above 770. The stock may test level of 850 in coming days.
Our recommendation on Insecticides is LONG above 770 for the Target of 778-790.
Intraday Stock Trading Tips :
• BUY ZANDU REALTY (LCP-2154.45) ABOVE 2170 TG-2190-2220
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Agri Commodity Market News for Today
• Jeera future prices was up by 0.14%, on spot demand.
• Cardamom fut dropped by 0.84%, on sluggish demand.
• Turmeric future declined by 1.66%, on subdued demand.
Soybean future jumped by 1.12%, on strong demand in spot market. RM Seed future climbed 0.38%, on restricted arrivals from growing regions. Castor Seed declined by 0.52%, as speculators reduced positions amidst subdued demand in the spot markets. Mentha Oil future slipped by 0.88%, as speculators indulged in booking profits.
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