Stock Tips and Nifty Tips 18/11/2014

NIFTY OUTLOOK FOR 18/11/2014

BULLS GET SUPPORT AT 8355 LEVEL,

AND BOUNCE BACK TO SEE A CLOSE ABOVE

8422 AT 8430,

NOW BULLS ARE ON THE WAY TO 8533 AND 8622,

NIFTY MAY START CORRECTION IF GLOBAL

MARKETS START TO CORRECT,

NOW THE WEEKLY PIVOT IS AT 8355,

AS LONG AS NIFTY CLOSES ABOVE 8355,

BULLS CAN MOVE TOWARD 8533 AND 8622,

BUT A CLOSE BELOW 8311 WILL BRING

BACK BEARS,

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,

AS POSTED HERE,

NIFTY RALLIED FROM 4531 TO 8415,

SO GOOD CORRECTION NEED FOR NIFTY

TO MAKE TOUR TOWARDS 10000.

AS PER TECHNICAL,

NOW THE WEEKLY PIVOT IS 8355,

ABOVE 8400 BULLS CAN TARGET 8533 AND 8622,

BELOW 8311 BEARS CAN TARGET 8177 AND 8088,

Buy JSW Energy with a target of Rs 91.50: Sandeep Wagle

"JSW Energy is a 'BUY' call with a target of Rs 91.50 and a stop loss of Rs 82."

Buy State Bank of India with a target of Rs 2960: Sandeep Wagle

"State Bank of India is a 'BUY' call with a target of Rs 2960 and a stop loss of Rs 2870."

Sell TVS Motor with a target of Rs 221: Sandeep Wagle

"TVS Motor is a 'SELL' call with a target of Rs 221 and a stop loss of Rs 237."

Buy Asian Paints with a target of Rs 720: Sandeep Wagle

"Asian Paints is a 'BUY' call with a target of Rs 720 and a stop loss of Rs 672."

Posted in: Indian Market Tips