Stock Call for Today: Buy Ultratech Cement

Indian benchmark indices rallied in a sharp turnaround from earlier mild losses after the leaders of Germany, France, Russia and Ukraine reached a deal to end fighting in eastern Ukraine, sparking gains in global markets. Sensex was up 271.1 points or 1.0% at 28805.1, while Nifty was up 84.1 points or 1.0% at 8711.6 in last trading session. 

Market is currently making a positive sentiments for traders. We would like to suggest buy on some stocks in our Stock call Today's strategies.

Stock Call for Today:

Ultratech Cement

We are highly positive on this stock. It has a strong support level at 2992-2906 and resistance range at 3086-3275 for intraday trading. We suggest a buy call for a short taget of 3250.

Short term Call: Buy on current levels for the Target of 3250 and put a stop loss at 2850

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Gold Silver Updates: Bullions are Expected to Move Up Today

Gold Updates

Gold prices eased on Thursday with events surrounding Greece in sharper focus and the implications for euro zone stability. On the COMEX, gold futures for April delivery eased 0.08% to trade at $1,219.90 a troy ounce. Prices were supported amid speculation of further monetary easing from the People's Bank of China following Tuesday's lower-than-expected inflation data. Investors were also looking at a bump from seasonal physical gold demand ahead of the Chinese New Year holiday and any stockpiling of copper ahead of a week-long break.

Silver Updates

Silver on COMEX declined by 0.10 points in Tuesday’s session. Price opened at $16.95 and found resistance at 17.11 and from there on silver remained in down trend and tested low of 16.70 levels before closing at 16.88. In today’s session so far price is up by 0.11 points.

MCX silver declined by 199 points in Yesterday’s session. Price opened at 38011 and tested high of 38250 levels but close down at 37024. In today’s  session so far price is up by 223 points

MCX Commodity Tips

MCX Gold is trading flat with support levels at 26554 and 26443 while we have a upper resistance level too at 26843 and 27021 On the Other side silver has a strong support level at 36820 and a reistance level at 38080 level on upper side. For Daily Commodity Tips and MCX Suggestions Please fill the trial form.

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Stock In News: Power Grid Corporation

A Delhi HC judgment could, at the least, ensure that mines that were previously classified as reserved for power (or metals) remain so even after the fresh auctions which were necessitated by a Supreme Court order last year that cancelled most captive allotments of coal mines to power and steel companies since 1993. The re-classification of the mines, which has happened in some cases, means that a previous owner who built an end-use plant (a power plant or a steel one), then had the coal mine allotment cancelled, and was hoping to rebid for the same mine, is not eligible to do so. On Wednesday, the Delhi High Court quashed the so-called end use norms for coal mines for two blocks previously allotted to Jindal Steel and Power Ltd (JSPL), after the company complained that the government had arbitrarily changed the rules through a notification after the coal ordinance was issued last year.

Stock In News

Power Grid Corporation reported 18% increase in net profit at Rs 1,228.91 crore in Q3FY15, on the back of rise in income from operations. The company had posted a net profit of Rs 1,042.04 crore in Q3FY14. Total income from operations rose ~18% YoY to Rs 4,353.62 crore in Q3FY15. The company's revenue from transmission business stood at Rs 4,240.05 crore as against Rs 3,527.02 crore in the same period, last fiscal. However, the company witnessed a drop in revenue from its consultancy.

Trading Levels

Power Grid Corporation is currently trading at 148 level with a support level at 142 and 141 while resistance levels are 151 and 155 levels

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MCX Updates And Intraday Trading Tips For Today

MCX Updates 

Gold dunked as an uptick in the dollar balance the strong effect of concerns over Greece's future in the euro zone and reasons for alarm over heightening brutality in Ukraine.

Silver edged lower taking after bits of gossip about a conceivable six-month expansion on Greece's obligation.

Crude Oil dropped as bears came back to the business after the IEA cautioned of more selloffs in the close term as worldwide oil inventories keep on climbing.

Copper fell as stresses over China's monetary development and the standpoint for interest reemerged, however misfortunes were constrained by supply interruptions.

Zinc costs edged lower after information demonstrated that swelling in China impede to the most minimal level in five years, subordinate concerns over a log jam in economy

Natural Gas costs mobilized as gauges for more icy throughout the following two weeks helped warming interest desires.

Intraday Trading Tips For Today

Sell MCX Feb Nickel between 930-932 Levels with a stop loss at 942 and a Target of 915

Sell MCX Feb Crude Oil between 3190-3200 for the Target of 3150 and put a stop loss at 3230

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Nifty To Trade Between 8450-8650, Stock Calls For Today

Market Overview The RBI bought a massive $29.2 billion from the spot exchange rate market during April-December, and its outstanding position in the forward market was $6.85 billion. In all, the RBI has bought a whopping $75 billion from the forex market. Foreign institutional inves-tors have increased their holdings of Indian domestic bonds by a net $32 billion to $66 billion so far in financial year 2014-15, the highest investment since liberalisation. The RBI’s interventions have kept the rupee from appreciating sharply even as the debt market received huge inflows. The rupee closed at 62.19/$ on Tuesday and has appreciated just 3.84% so far in FY15.

Nifty Trend Today: To Trade Between 8450-8650

We expect Nifty to trade between 8450-8650. Nifty has resistance at 8675 level, a close above can see some upside momentum, 8450 remain good support at spot level.

Stock Calls For Today

• Adani Enterprises closed above short term moving average. We recommend a buy (Positional) in Adani Enterprises above 644 with the stop-loss of Rs 617 for the target of Rs. 684. 
• We recommend a buy in Bharat Forge above Rs. 1108 with the stoploss of Rs. 1060 for the target of Rs. 1175.

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Banking Sector Rose Today led by Bank of India

Stock Suggestions For Today, Hot Stock For Today

Experience open loan specialist Bank of India surged more than four percent with an intraday high of Rs 243.35. The state-run moneylender arrangements to raise crisp trusts to fortify its accounting report. 

In a documenting to trades, Bank of India said it will raise up to Rs 642 crore by offering shares to state run Life Insurance Corporation of India and New India Assurance organization to reserve its business development and meet worldwide danger standards. 

Bank of India will be issuing up to 2.26 crore offers at Rs 283.50 every offer, which is about 22 every penny higher than its past shutting cost of Rs 232.70 on the National Stock Exchange. 

The Bank Nifty, NSE's benchmark record for keeping money offers, additionally bounced back more than 2 every penny today. The Bank Nifty had remedied more than 7 every penny in keep going seven exchanging sessions on the once again of disillusioning results reported by some open division banks.

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NCDEX Tips and Trend For Today: Trading Levels

NCDEX Tips, Trading Levels Today, NCDEX Today, Commodity Tips today, Trading Strategy for Today

NCDEX Chana Trend
Although Chana april contract is trading on slightly higher levels throughout the previous week. Prices have crucial support at 3480 and further dip can be seen only if prices breakdown below this support. Until then the current consolidation will result into an upside breakout towards 3600/3650 area. Major support is placed at 3400 levels.

NCDEX Jeera Trend
In Jeera We reiterate our negative view until prices stay below 15550 levels. Prices can correct a bit further towards 13750-13600 area but a diptowards this area is also likely to result into a strong bounce back towards 14600 levels.

NCDEX Tips for Today

• Sell Jeera Mar below 14850 levels to get the target of 14950 and 13900 with a stoploss at 15380. 
• Buy Soya bean Apr above 3380 level for the target range of 3400-3500 and a stoploss at 3350

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