Stock Tips and Nifty Tips 13/11/2014

NIFTY OUTLOOK FOR 13/11/2014

BULLS ARE ON THE WAY TO 8488,

NIFTY CLOSES ABOVE 8377 AT 8383,



BANK NIFTY SUPPORTING BULLS FOR THE MOVE,

NOW BULLS CAN MOVE TOWARD 8488 AND 8577,

BUT A CLOSE BELOW 8288 WILL TERMINATE

ABOVE VIEW,


NIFTY FORMED SMALL DOJI IN WEEKLY CHART

A SIGN OF TREND REVERSAL,



THIS WILL CONFIRMED BY FOLLOW UP RED

CANDLE IN THIS WEEK,


NOW THE WEEKLY PIVOT PLACED AT 8333,

SO ABOVE 8377 BULLS CAN MOVE TOWARD 8488 AND 8577,

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 8288 AND



ANY CLOSE BELOW 8288 WILL BRING BREATH TO BEARS,

AS POSTED HERE,



NIFTY RALLIED FROM 4531 TO 8365,

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 8333,

ABOVE 8377 BULLS CAN TARGET 8488 AND 8577,

BELOW 8288 BEARS CAN TARGET 8133 AND 8044,

Buy Bajaj Auto with a target of 2650 and a stop loss of 2600

Bajaj Auto is a 'BUY' call with atarget of 2650 and a stop loss of 2600.

Buy Adani Ports with a target of 314 and a stop loss of 299

Adani Ports is a 'BUY' call with atarget of 314 and a stop loss of 299.

Buy Yes Bank with a target of 705 and a stop loss of 679

Yes Bank is a 'BUY' call with a target of 705 and a stop loss of 679.

Buy Axis Bank with a target of 490 and a stop loss of 467

Axis Bank is a 'BUY' call with a target of 490 and a stop loss of 467

Buy Amara Raja Batteries with a target of 750 and a stop loss of 695

Amara Raja Batteries is a 'BUY' call with a target of Rs 750 and a stop loss of Rs 695.

Posted in: Indian Market Tips