Stock Tips and Nifty Tips 11/08/2014

NIFTY OUTLOOK FOR 11/08/2014

BEARS SEE A WEEKLY CLOSE BELOW 7644.

THE 7622-44 LEVEL NOW BECOME STRONG

RESISTANCE. SO, BEARS WILL SHORT ALL THE

RAISES UP TO 7644.

THE NEXT GOOD SUPPORT FOR NIFTY IS AT 7422.

7444 AND 7355 ARE THE WEEKLY TARGET FOR BEARS.

BULLS HAVE TO SEE A CLOSE ABOVE 7666 TO

TAKE CONTROL OF THE MARKET AND FOR FURTHER

UP MOVE.

NIFTY MADE A HIGH 7808 AND SLIP TO THE

LOW 7422 ON 04/07. THEN MADE A HIGH 7840

ON 25/07. NOW STARTED FOR CORRECTION.

IF THIS DOUBLE TOP PATTERN WORKS, THEN

BEARS HAVE THE TARGET AT 7004.

AS PER TECHNICAL,

NOW THE WEEKLY PIVOT IS 7622.

ABOVE 7666 BULLS CAN TARGET 7800 AND 7888.

BELOW 7577 BEARS CAN TARGET 7444 AND 7355.

Sell Sesa Sterlite with a stop loss of Rs 276: Ashwani Gujral

Sesa Sterlite is a 'SELL' call with a target of Rs 260 and a stop loss of Rs 276.

Sell Arvind with a stop loss of Rs 234: Ashwani Gujral

Arvind is a 'SELL' call with a target of Rs 220 and a stop loss of Rs 234.

Buy ITC with a target of Rs 365: Ashwani Gujral

ITC is a 'BUY' call with a target of Rs 365 and a stop loss of Rs 340.

Sell UCO Bank with a stop loss of Rs 97.5: Mitesh Thacker

UCO Bank is a 'SELL' call with a target of Rs 92 and a stop loss of Rs 97.5.

Posted in: Indian Market Tips