Stock Tips and Nifty Tips 01/08/2014

NIFTY OUTLOOK FOR 01/08/2014

VOLATILE MOVES SEEN ON SETTLEMENT DAY.

AGAIN NIFTY TAKING SUPPORT AT 7711 LEVEL

AND CLOSES AT 7721.

IF NIFTY SLIP AND CLOSE BELOW 7711 ON FRIDAY

BEARS WILL TAKE NIFTY TO 7600.

7422 IS THE NEXT TARGET FOR BEARS.

ON THE UPSIDE,

BULLS NEED A CLOSE ABOVE 7822 TO

TAKE THE DRIVER SEAT OF THE MARKET.

ON THE WEEKLY CHARTS,

LEVEL 7822-44 SEEMS BIG BIG RESISTANCE.

NIFTY SHOWING SOME FORM OF TREND REVERSAL.

AS PER TECHNICAL,

NOW THE WEEKLY PIVOT IS 7777.

ABOVE 7822 BULLS CAN TARGET 7955 AND 8044.

BELOW 7733 BEARS CAN TARGET 7600 AND 7511.

Buy Sun TV with a target of Rs 442: Ashwani Gujral

"Sun TV is a 'BUY' call with a target of Rs 442 and a stop loss of Rs 415."

Buy PTC with a target of Rs 94: Ashwani Gujral

"PTC is a 'BUY' call with a target of Rs 94 and a stop loss of Rs 80."

Buy BPCL with a target of Rs 605: Ashwani Gujral

"BPCL is a 'BUY' call with a target of Rs 605 and a stop loss of Rs 580."

Sell ACC at a stop loss of Rs 1421: Mitesh Thacker

"ACC is a 'SELL' call with a target of Rs 1421 and a stop loss of Rs 1350."

Buy Aditya Birla Nuvo with a target of Rs 1520: Mitesh Thacker

"Aditya Birla Nuvo is a 'BUY' call with a target of Rs 1520 and a stop loss of Rs 1444."

Buy M&M Financial with a target of Rs 246: Prakash Gaba

"M&M Financial is a 'BUY' call with a target of Rs 246 and a stop loss of Rs 232."

Buy Karnataka Bank with a target of Rs 134: Prakash Gaba

"Karnataka Bank is a 'BUY' call with a target of Rs 134 and a stop loss of Rs 125."

Posted in: Indian Market Tips