Stock Tips and Nifty Tips 20/08/2014

NIFTY OUTLOOK FOR 20/08/2014

NEW SKY. NEW HIGH.

BULLS ARE FLYING TOWARDS 8000.

BUT TODAY’S CANDLE, LONG LEG DOJI IN

DAILY CHART IS NOT GOOD SIGNAL FOR BULLS.

BUT AS POSTED HERE,

THE WEEKLY PIVOT IS MOVED TO 7822,

ALL THE CLOSES ABOVE 7822 ARE BULLS AREA.

UP TO 7822 ALL THE DIPS WILL BE USED BY

BULLS FOR BUYING.

BEARS HAVE TO SEE A CLOSE BELOW 7777,

FOR ANOTHER DOWN MOVE.

AS PER TECHNICAL,

NOW THE WEEKLY PIVOT IS 7822.

ABOVE 7866 BULLS CAN TARGET 7911 AND 8000.

BELOW 7777 BEARS CAN TARGET 7555 AND 7466.

Buy Mahindra & Mahindra with a target of Rs 1420: Ashwani Gujral

Mahindra & Mahindra is a 'BUY' call with a target of Rs 1420 and a stop loss of Rs 1340.

Buy Kotak Mahindra with a target of Rs 1020: Ashwani Gujral

Kotak Mahindra is a 'BUY' call with a target of Rs 1020 and a stop loss of Rs 978.

Buy State Bank with a target of Rs 2550: Ashwani Gujral

State Bank is a 'BUY' call with a target of Rs 2550 and a stop loss of Rs 2435.

Buy HDIL with a target of Rs 103: Mitesh Thacker

HDIL is a 'BUY' call with a target of Rs 103 and a stop loss of Rs 95.

Buy Bajaj Auto with a target of Rs 2225: Mitesh Thacker

Bajaj Auto is a 'BUY' call with a target of Rs 2225 and a stop loss of Rs 2169.

Posted in: Indian Market Tips