Stock Tips and Nifty Tips 13/08/2014

NIFTY OUTLOOK FOR 13/08/2014

TATA MOTARS POSTED GOOD NUMBERS.

GOOD IIP NUMBERS DELIVERED.

GLOBAL TRENDS SUPPORTED BULLS.

BULLS SEE A CLOSE ABOVE 7711.

AS POSTED HERE,

A CLOSE ABOVE 7666 CAN BRING MORE

GREEN IN TO THE SYSTEM. THEN BULLS

CAN MOVE TOWARDS, 7800 AND 7888.

BEARS HAVE TO SEE A CLOSE BELOW 7577,

FOR ANOTHER DOWN 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.

Buy REC with a target of Rs 312: Ashwani Gujral

REC is a 'BUY' call with a target of Rs 312 and stop loss of Rs 295.

New gas price will be game changer for entire OMC sector: Sudip Bandyopadhyay

'The new price will help these companies - whether you talk about the PSUs or even Reliance Industries.'

Buy Tata Communication with a target of Rs 375: Ashwani Gujral

Tata Communication is a 'BUY' call with a target of Rs 375 and stop loss of Rs 340.

Buy IRB with a target of Rs 265: Ashwani Gujral

IRB is a 'BUY' call with a target of Rs 265 and stop loss of Rs 248.

Buy Ranbaxy with a target of Rs 593: Sandeep Wagle

Ranbaxy is a 'BUY' call with a target of Rs 593 and stop loss of Rs 568.

Buy PFC with a target of Rs 281: Sandeep Wagle

PFC is a 'BUY' call with a target of Rs 281 and stop loss of Rs 266.

Posted in: Indian Market Tips