Stock Tips and Nifty Tips 14/11/2014

NIFTY OUTLOOK FOR 14/11/2014

BULLS ARE NOT ABLE TO SUSTAIN THE

GAP UP OPENING, NIFTY SLIP TO 8320

AND CLOSES AT 8357, ANY HOW BULLS

DEFEND 8333 ON CLOSING BASIS,

AS LONG AS NIFTY CLOSES ABOVE 8333,

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 HCL Tech with a target of Rs 1690: Sandeep Wagle

Buy HCL Tech with a stoploss of Rs 1615 and target of Rs 1690.

Buy Jubilant Food with a target of Rs 1490: Sandeep Wagle

Buy Jubilant Food with a stoploss of Rs 1395 and target of Rs 1490.

Buy Marico Kaya with a stoploss below Rs 654: Prakash Gaba

Buy Marico Kaya with a stoploss below Rs 654.

Buy CESC with a stoploss below Rs 685: Prakash Gaba

Buy CESC with a stoploss below Rs 685.

Sell HPCL with a stoploss of Rs 564: Sandeep Wagle

Sell HPCL with a stoploss of Rs 564 and target of Rs 545.

Posted in: Indian Market Tips