Stock Tips and Nifty Tips 30/07/2014

NIFTY OUTLOOK FOR 30/07/2014

BULLS TRY TO JUMP OVER 7800 AT OPENING

HOURS. BUT SLIP DOWN TO 7722 TAKE SUPPORT

FROM 7711-33 LEVEL AND CLOSES AT 7748.

ANY CLOSE BELOW 7733 WILL BRING MORE BEARS

AND MORE DOWNSIDE.

AS POSTED HERE,

BULLS FACING RESISTANCE AT 7800-44 LEVEL.

ANY CLOSE ABOVE 7844 WILL LEAD NIFTY TO 8044.

BUT THIS IS TIME FOR NIFTY TO GET

CORRECTION AND CONSOLIDATION.

GLOBAL MARKETS GETTING VOLATILE.

SETTLEMENT THURSDAY ON THE WAY.

WILD MOVES ARE EXPECTED ON WEDNESDAY

AND THURSDAY.

ON THE WEEKLY CHARTS,

LEVEL 7807 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 Mindtree at a target of Rs 1100: Prakash Gaba

'Mindtree is a BUY with a stop at 1035 and look for targets of around 1100.'

Buy HCL Tech at a target of Rs 1660: Prakash Gaba

'HCL Tech is a BUY with a stop at 1585 and look for targets of around 1660.'

Buy Dr. Reddy at a target of Rs 2850: Mitesh Thacker

'Dr. Reddy is a BUY with a stop at 2730 and look for targets of around 2850.'

Sell Tata Motors DVR at a target of Rs 272: Sandeep Wagle

'Tata Motors DVR is a SELL with a stop at 290 and look for targets of around 272.'

Sell DLF at a target of Rs 185: Sandeep Wagle

'DLF is a SELL with a stop at 200 and look for targets of around 185.'

Posted in: Indian Market Tips