Today's Indian Stock Market Outlook by Money CapitalHeight

Indore, December 4, 2014 (Newswire.com) - The market has opened at all-time high once again. The Sensex is up 282.94 points or 0.9 percent at 28725.65 and the Nifty is up 44.75 points or 0.5 percent at 8582.40. About 510 shares have advanced, 107 shares declined, and 27 shares are unchanged.

ITC is up 5 percent while Cipla, ONGC, Tata Motors and BHEL are other top gainers in the Sensex. Among the losers are ICICI Bank, Sun Pharma and Coal India.

The Indian rupee opened on flat note at 61.93 in the early trade. It has closed at 61.91 Wednesday. The euro fell to two-year lows on expectations the European Central Bank will be forced to inject even more stimulus to a sputtering euro zone economy.

Stock recommendation for 4/12/2014 is Tech Mahindra ltd. In today’s trading session it was up by 1.32%. Its long term trend is up. On the daily chart, may give upside breakout if it crosses 2700 level.

Our recommendation on Tech M .ltd. is LONG above 2700 for the Target of 2730-2750.

Intraday Stock Tips                                                                      

·         BUY BBTC (LCP-502.95) ABOVE 507 TG-511-517

·         BUY ESSAR OIL (LCP 115.05) ABOVE 116.5 TG-118.5-121.5

·         BUY ATUL AUTO (LCP 621.4) ABOVE 624 TG-629-636

·         BUY AMRUTANJAN (LCP-453.8) ABOVE 457 TG-461-466

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