Sure Shot Stock Future Tips By Capitalheight

Sensex rangebound, Nifty50 flat in skittish trade; Eros surges 4%

The S&P BSE Sensex started traded in a range with a negative bias on Friday ahead of key IIP data, scheduled to be released later in the day.
The 50-stock barometer Nifty50 came under pressure, but was still trading above its crucial psychological support level of 7,650.

Top Ten Stocks Focus Today:

Infosys Ltd, Maruti Suzuki Ltd, Cipla Ltd, Tata Motors Ltd, Idea Cellular Ltd, Texmaco Rail & Engineering Ltd, Siemens Ltd, TCS Ltd, Titan Company and Shilpa Medicare Ltd, NBCC Ltd

INDIAN MARKET OVERVIEW

Market showed strong comeback on Thursday after more than 350 points fall on the nifty future in previous six consecutive sessions, driven by index heavyweights Reliance Industries, HDFC and Infosys. Nifty future down by 84 points to close at 7644.

The 30-share BSE Sensex rose 216 points at 25252. The market breadth was strong as about 1847 shares advanced against 835 declining shares on the BSE.

Reserve Bank of India (RBI) is keeping a close tab on all SDR cases reported so far and may tighten SDR guidelines to ensure the tool is not being misused by banks to defer or avoid provisioning.

Havells India, the lighting and electrical products manufacturer, decided to sell 80 stake in Havells Sylvania Malta BV owned by its subsidiary Havells Holdings (HHL) and Havells Exim to Chinese company.

GLOBAL MARKET OVERVIEW

Asian stocks slipped on Thursday as weak oil prices continued to feed global growth worries, while the euro held solid gains after a policymaker poured cold water on market expectations of more easing by the European Central Bank.

Japan's Nikkei fell 1 percent to hit a 1-month low and Australian shares dropped 0.8 percent. South Korea's Kospi dipped 0.2 percent.

The Dow Jones industrial average fell 75 points to 17492, the S&P 500 lost 15 points to 2047 and the Nasdaq Composite dropped 75 points to 5022.

The Reserve Bank of New Zealand on Thursday cut the official cash rate (OCR) by 25 basis points to 2.5% and while it indicated this could be the end of the easing cycle, it also said rates would be reduced further if needed. 

Today’s Stock Recommendation Technical Overview: 

Stock recommendation for 11/12/2015 is HDFC ltd.. In today’s trading session it was up by 2%. Its long term trend is up. It has made a small green candle indicating further buying in daily chart. Its short term support level is 1150. All the indicators are suggesting that one can go for long position in this stock above 1180 levels. The stock may test level of 1220-1240 in coming days.

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