Stock Tips and Nifty Tips 27/08/2014

NIFTY OUTLOOK FOR 27/08/2014

BULLS RECOVERED FROM DAYS LOW 7862 AND

MANAGE TO SEE A FLAT CLOSING.

BUT STILL FEARS ARE HERE AND SETTLEMENT

THURSDAY ON THE WAY. VOLATILE MOVES AHEAD.

ANY CLOSE BELOW 7822 WILL BRING MORE

BEARS AND MORE DOWNSIDE. NO PROBLEM

FOR BULLS AS LONG AS NIFTY HOLD 7866

ON CLOSING BASIS.

THE REST REMAIN SAME AS FOLLOWS,

BULLS ARE ON THE WAY TO 8000.

ABOVE 8000 BULLS HAVE 8133 WEEKLY TARGET.

GLOBAL TRENDS SUPPORTING BULLS.

DOMESTIC FEAR KEEP 7911-33 LEVEL AS

STRONG RESISTANCE.

A CLOSE ABOVE 7955 CAN BRING 8044 AND 8133.

NOW THE WEEKLY PIVOT IS MOVED TO 7866,

ALL THE CLOSES ABOVE 7866 ARE BULLS AREA.

BEARS HAVE TO SEE A CLOSE BELOW 7822,

FOR ANOTHER DOWN MOVE.

AS PER TECHNICAL,

NOW THE WEEKLY PIVOT IS 7866,

ABOVE 7911 BULLS CAN TARGET 8044 and 8133,

BELOW 7822 BEARS CAN TARGET 7688 AND 7600.

Sell L&T Finance with a target of Rs 62.5: Mitesh Thacker

L&T Finance is a 'SELL' call with a target of Rs 62.5 and a stop loss of Rs 68.

Sell Biocon with a target of Rs 455: Mitesh Thacker

Biocon is a 'SELL' call with a target of Rs 455 and a stop loss of Rs 476.

Wait for clarity on coal block allocation before trading: Mitesh Thacker

"Unless something changes in the next one or two days, and until September 1, we might not break 7825-7835 for the next three-four days."

Sell Orient Bank with a target of Rs 250: Ashwani Gujral

Orient Bank is a 'SELL' call with a target of Rs 250 and a stop loss of Rs 268.

Sell Adani Power with a target of Rs 45: Ashwani Gujral

Adani Power is a 'SELL' call with a target of Rs 45 and a stop loss of Rs 51.

Sell ONGC with a target of Rs 398: Ashwani Gujral

ONGC is a 'SELL' call with a target of Rs 398 and a stop loss of Rs 416.

Posted in: Indian Market Tips