Stock Tips and Nifty Tips 12/09/2014

NIFTY OUTLOOK FOR 12/09/2014

BULLS JUMP ABOVE 8111 IN THE OPENING,

BUT NOT ABLE TO SUSTAIN, CLOSES AT 8085,

AFTER MAKING LOW OF 8057,

AGAIN 8066-88 LEVEL GIVE SUPPORT TO NIFTY,

THE NEXT SUPPORT IS WELL BELOW 8000

AT 7844-66 LEVEL,

AS LONG AS NIFTY CLOSES ABOVE 8066

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 L&T Finance Futures with a target of Rs 73.50: Mitesh Thacker

L&T Finance Futures is a 'BUY' call with a target of Rs 73.50 and a stop loss of 70.90.

Buy Jindal South West Holding with a target of Rs 1000: Mitesh Thacker

Jindal South West Holding is a 'BUY' call with a target of Rs 1000 and a stop loss of 894.

Buy MindTree with a target of Rs 1225: Ashwani Gujral

MindTree is a 'BUY' call with a target of Rs 1225 and a stop loss of 1160.

Buy Motherson Sumi with a target of Rs 440: Ashwani Gujral

Motherson Sumi is a 'BUY' call with a target of Rs 440 and a stop loss of 415.

Buy REC with a target of Rs 292: Ashwani Gujral

REC is a 'BUY' call with a target of Rs 292 and a stop loss of 275.

Posted in: Indian Market Tips