Stock Tips and Nifty Tips 28/08/2014

NIFTY OUTLOOK FOR 28/08/2014

BULLS TRYING FOR A CLOSE ABOVE 7955.

SETTLEMENT THURSDAY ON THE WAY.

VOLATILE MOVES AHEAD.

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.

Excellent valuations make BEL a buy for long term: P Phani Sekhar

"Other than that the order book looks decent and the valuations and the balance sheet looks excellent. So I guess even at these levels it makes sense to own BEL for longer term."

Buy IndusInd Bank with a target of Rs 595: Mitesh Thacker

"IndusInd Bank is a 'BUY' call with a target of Rs 595 and a stop loss of Rs 555."

Buy HDFC with a target of Rs 1120: Ashwani Gujral

"HDFC is a 'BUY' call with a target of Rs 1120 and a stop loss of Rs 1060."

Buy Motherson Sumi with a target of Rs 390: Ashwani Gujral

"Motherson Sumi is a 'BUY' call with a target of Rs 390 and a stop loss of Rs 365."

Buy India Cements with a target of Rs 121: Ashwani Gujral

"India Cements is a 'BUY' call with a target of Rs 121 and a stop loss of Rs 109."

Posted in: Indian Market Tips