Stock Tips and Nifty Tips 04/09/2014

NIFTY OUTLOOK FOR 04/09/2014

NEW HIGH IS 8141.

BULLS ARE IN THE DRIVER SEAT.

NIFTY CLOSES AT 8114.

NOW THE WEEKLY PIVOT IS AT 8066.

ALL THE CLOSES ABOVE 8066 ARE BULLS AREA.

BULLS ARE ON THE WAY TO 8200.

AS POSTED HERE,

WE HAVE TO KEEP IN MIND, THAT,

NIFTY RALLIED FROM 4500 TO 8000.

SO GOOD CORRECTION NEED FOR NIFTY

TO MAKE TOUR TOWARDS 10000.

THIS CORRECTION MAY START FROM 21/09/2014,

BEARS HAVE TO SEE A CLOSE BELOW 8022,

FOR ANOTHER DOWN MOVE. A CLOSE BELOW 7844 WILL

CONFIRM THE TREND REVERSAL,

AS PER TECHNICAL,

NOW THE WEEKLY PIVOT IS 8066,

ABOVE 8111 BULLS CAN TARGET 8200,

BELOW 8022 BEARS CAN TARGET 7888 AND 7800,

Buy Federal Bank with a target of Rs 131-132: Mitesh Thacker

Federal Bank is a 'BUY' call with a target of Rs 131-132 and a stop loss of Rs 124.

Buy Oriental Bank of Commerce with a target of Rs 299: Mitesh Thacker

Oriental Bank of Commerce is a 'BUY' call with a target of Rs 299 and a stop loss of Rs 280.

Hold on to long term positions for a while: Ashwani Gujral

What you should do, you should hang on to your long positions because right now, there is not enough evidence that this current rally is ending.

Buy TCS with a target of Rs 2660: Ashwani Gujral

TCS is a 'BUY' call with a target of Rs 2660 and a stop loss of Rs 2590.

Buy NBCC with a target of Rs 475: Ashwani Gujral

NBCC is a 'BUY' call with a target of Rs 475 and a stop loss of Rs 450.

Buy Aurobindo Pharma with a target of Rs 2660: Ashwani Gujral

Aurobindo Pharma is a 'BUY' call with a target of Rs 865 and a stop loss of Rs 820.

Posted in: Indian Market Tips