Stock Tips and Nifty Tips 05/11/2014

NIFTY OUTLOOK FOR 05/11/2014

DOLLAR INDEX TRADING ABOVE 87,

PROFITS MADE FROM DOLLAR INDEX SHIFTING

IN TO THE INDIAN EQUITY MARKETS,

NIFTY TESTED 8350 AND CLOSES FLAT AT 8224,

NOW THE WEEKLY PIVOT PLACED AT 8222,

SO ABOVE 8266 BULLS CAN MOVE TOWARD 8377 AND 8466,

NO PROBLEM FOR BULLS AS LONG AS NIFTY CLOSES

ABOVE 8222,

BUT IT LOOKS LIKES NIFTY MAKING

DOUBLE TOP PATTERN IN DAILY CHARTS, AND THE PRICE

GETTING DIVERGENCE WITH MOMENTUM,

AND AT ANY TIME BIG FALL ON THE CARD,

BEARS ARE WAITING BELOW 8222, AND

ANY CLOSE BELOW 8177 WILL BRING BREATH TO BEARS,

AS POSTED HERE,

NIFTY RALLIED FROM 4500 TO 8300,

SO GOOD CORRECTION NEED FOR NIFTY

TO MAKE TOUR TOWARDS 10000.

THIS CORRECTION MAY STARTED FROM 21/09/2014,

ABOVE CORRECTION MAY COMPLETE BEFORE 31/03/2015,

AS PER TECHNICAL,

NOW THE WEEKLY PIVOT IS 8200,

ABOVE 8266 BULLS CAN TARGET 8377 AND 8466,

BELOW 8177 BEARS CAN TARGET 8022 AND 7933,

Buy Godrej Properties with a target of Rs 268: Mitesh Thacker

"Godrej Properties is a 'BUY' call with a target of Rs 268 and a stop loss of Rs 246."

Buy CESC with a target of Rs 740: Ashwani Gujral

"CESC is a 'BUY' call with a target of Rs 740 and a stop loss of Rs 685."

Buy Reliance Power with a target of Rs 88: Ashwani Gujral

"Reliance Power is a 'BUY' call with a target of Rs 88 and a stop loss of Rs 76."

Buy Apollo Tyres with a target of Rs 236: Ashwani Gujral

"Apollo Tyres is a 'BUY' call with a target of Rs 236 and a stop loss of Rs 223."

Buy Tata Chemicals with a target of Rs 427: Sandeep Wagle

"Tata Chemicals is a 'BUY' call with a target of Rs 427 and a stop loss of Rs 411."

Buy Reliance Capital with a target of Rs 510: Sandeep Wagle

"Reliance Capital is a 'BUY' call with a target of Rs 510 and a stop loss of Rs 485."

Posted in: Indian Market Tips