Stock Tips and Nifty Tips 14/08/2014

NIFTY OUTLOOK FOR 14/08/2014

BULLS ARE ON THE WAY TO 7888.

ALL THE CLOSES ABOVE 7666 ARE BULLS AREA.

SOME CONSOLIDATION CAN BE SEEN ON

THURSDAY AS WEEK END.

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.

Sell BHEL at a stop loss of Rs 210: Ashwani Gujral

"BHEL is a 'Sell' call with a target of Rs 190 and a stop loss of Rs 210."

Buy HCL Tech with a target of Rs 1600: Ashwani Gujral

"HCL Tech is a 'Buy' call with a target of Rs 1600 and a stop loss of Rs 1545."

Buy Hindustan Unilever with a target of Rs 745: Ashwani Gujral

"Hindustan Unilever is a 'Buy' call with a target of Rs 745 and a stop loss of Rs 710."

Market going beyond 7800, as in one leg 200 stocks are advancing and 1200 are declining: Ashwani Gujral

"Now, at best, if we are able to survive the 7500-7850 zone, we should be lucky. Otherwise, it will be tough going."

Sell JP Associates at a stop loss of Rs 56: Sandeep Wagle

"JP Associates is a 'Sell' call with a target of Rs 45 and a stop loss of Rs 56."

Sell Siemens at a stop loss of Rs 849: Sandeep Wagle

"Siemens is a 'Sell' call with a target of Rs 768 and a stop loss of Rs 849."

Posted in: Indian Market Tips