Stock Tips and Nifty Tips 18/08/2014

NIFTY OUTLOOK FOR 18/08/2014

AGAIN BULLS TESTED 7800 AND CLOSE AT 7791.

AS THE WEEKLY PIVOT IS MOVED TO 7733,

ALL THE CLOSES ABOVE 7733 ARE BULLS AREA.

THEY ARE HAVING 8000 AS WEEKLY TARGET.

UP TO 7733 ALL THE DIPS WILL BE USED BY

BULLS FOR BUYING.

BEARS HAVE TO SEE A CLOSE BELOW 7688,

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.

BUT A CLOSE ABOVE 7844 WILL TERMINATE

ABOVE VIEW.

AS PER TECHNICAL,

NOW THE WEEKLY PIVOT IS 7733.

ABOVE 7777 BULLS CAN TARGET 7911 AND 8000.

BELOW 7688 BEARS CAN TARGET 7555 AND 7466.

Buy GAIL with a target of Rs 436: Ashwani Gujral

Buy GAIL with stop loss of Rs 417 for target of Rs 436.

Buy IRB with a target of Rs 262: Ashwani Gujral

Buy IRB with stop loss of Rs 240 for target of Rs 262.

Buy Voltas with a target of Rs 232: Ashwani Gujral

Buy Voltas with stop loss of Rs 216 for target of Rs 232.

Buy Havells with a target of Rs 1260: Sandeep Wagle

Buy Havells with stop loss of Rs 1195 for target of Rs 1260.

Buy JSW Steel with a target of Rs 1335: Sandeep Wagle

Buy JSW Steel with stop loss of Rs 1230 for target of Rs 1335.

Buy Ranbaxy with a target of Rs 618: Sandeep Wagle

Buy Ranbaxy with stop loss of Rs 592 for target of Rs 618.

Posted in: Indian Market Tips