Stock Tips and Nifty Tips 17/10/2014

NIFTY OUTLOOK FOR 17/10/2014

GLOBAL TRENDS GETTING VOLATILE,

BEARS GETTING ACTIVE AND 7800 TAKEN AWAY,

NIFTY CLOSES AT 7746, THIS IS A

CLEAR CONFIRMATION OF TREND REVERSAL,

7711 AND 7622 ARE THE NEXT TARGETS

FOR BEARS, BULLS HAVE TO SEE A CLOSE

ABOVE 7866 TO TAKE CONTROL OF THE MARKET,

TECHNICAL REMAIN SAME AS FOLLOWS,

NOW THE WEEKLY PIVOT PLACED AT 7822,

SO, BELOW 7822 BEARS CAN TARGET

7711 AND 7622,

AS POSTED HERE,

NIFTY RALLIED FROM 4500 TO 8200,

SO GOOD CORRECTION NEED FOR NIFTY

TO MAKE TOUR TOWARDS 10000.

THIS CORRECTION MAY STARTED FROM 21/09/2014,

A CLOSE BELOW 7844 WILL

CONFIRM THE TREND REVERSAL,

AS PER TECHNICAL,

NOW THE WEEKLY PIVOT IS 7822,

ABOVE 7866 BULLS CAN TARGET 8000 AND 8088,

BELOW 7822 BEARS CAN TARGET 7711 AND 7622.

Posted in: Indian Market Tips