Stock Tips and Nifty Tips 11/09/2014

NIFTY OUTLOOK FOR 11/09/2014

GAP DOWN OPENING AND SELL OFF PUT NIFTY

BELOW 8100. NIFTY CLOSES AT 8094 AFTER

MAKING LOW OF 8082.

8066-88 LEVEL GIVE SUPPORT TO NIFTY,

THE NEXT SUPPORT IS WELL BELOW 8000

AT 7844-66 LEVEL,

STILL, BULLS ARE HOLDING THE CONTROL.

BULLS ARE ON THE WAY TO 8333,

ANY CLOSE BELOW 8066 WILL GIVE CONTROL

POWER TO THE BEARS,

NOW THE WEEKLY PIVOT IS AT 8111,

ALL THE CLOSES ABOVE 8066 ARE BULLS AREA.

BULLS ARE ON THE WAY TO 8244 AND 8333,

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 8066,

FOR ANOTHER DOWN MOVE. A CLOSE BELOW 7844 WILL

CONFIRM THE TREND REVERSAL,

AS PER TECHNICAL,

NOW THE WEEKLY PIVOT IS 8111,

ABOVE 8111 BULLS CAN TARGET 8244 AND 8333,

BELOW 8066 BEARS CAN TARGET 7888 AND 7800,

Buy Zee Entertainment with a target of Rs 310: Ashwani Gujral

Zee Entertainment is a 'BUY' call with a target of Rs 310 and a stop loss of 285.

Buy Apollo Tyre with a target of Rs 224: Ashwani Gujral

Apollo Tyre is a 'BUY' call with a target of Rs 224 and a stop loss of 208.

Buy DLF with a target of Rs 188: Ashwani Gujral

DLF is a 'BUY' call with a target of Rs 188 and a stop loss of 172.

Buy Voltas with a target of Rs 279: Prakash Gaba

Voltas is a 'BUY' call with a target of Rs 279 and a stop loss of 260.

Buy PTC with a target of Rs 98: Prakash Gaba

PTC is a 'BUY' call with a target of Rs 98 and a stop loss of 92.

Buy L&T Finance with a target of Rs 74: Prakash Gaba

L&T Finance is a 'BUY' call with a target of Rs 74 and a stop loss of 70.

Posted in: Indian Market Tips