Stock Tips and Nifty Tips 05/09/2014

NIFTY OUTLOOK FOR 05/09/2014

NIFTY START TO GET CONSOLIDATION.

MONDAY GAP UP MAY BE FILLED ON FRIDAY.

THE TREND IS UP AND NIFTY IN

BUY ON DIPS MODE.

AS POSTED HERE,

BULLS ARE IN THE DRIVER SEAT.

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,

Sell Tata Steel with a stop loss of Rs 518: Sandeep Wagle

"Tata Steel is a 'SELL' call with a target of Rs 518 and a stop loss of Rs 492."

Buy Adani Enterprises with a target of Rs 531: Sandeep Wagle

"Adani Enterprises is a 'BUY' call with a target of Rs 531 and a stop loss of Rs 496."

Buy Power Grid with a target of Rs 137: Prakash Gaba

"Power Grid is a 'BUY' call with a target of Rs 137 and a stop loss of Rs 133."

Posted in: Indian Market Tips