Stock Tips and Nifty Tips 20/11/2014

NIFTY OUTLOOK FOR 20/11/2014

8455 IS THE HIGH, NIFTY SLIP TO 8360,

AGAIN GET SUPPORT FROM 8355 LEVEL

AND CLOSES AT 8382,

BULLS HAVE TO DEFEND 8355 ON CLOSING BASIS

AND HAVE TO SEE A CLOSE ABOVE 8400 FOR

ANOTHER UP MOVE,

A CLOSE BELOW 8355 WILL BRING BACK BEARS

THOSE WHO ARE HUNGRY FOR LONG TIME,

AS POSTED HERE,

NIFTY MAY START CORRECTION IF GLOBAL

MARKETS START TO CORRECT,

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 8455,

SO GOOD CORRECTION NEED FOR NIFTY

TO MAKE TOUR TOWARDS 10000.

AS PER TECHNICAL,

NOW THE WEEKLY PIVOT IS 8400,

ABOVE 8400 BULLS CAN TARGET 8533 AND 8622,

BELOW 8355 BEARS CAN TARGET 8177 AND 8088,

Buy Larsen with a target of Rs 1720: Ashwani Gujral

"Larsen is a 'BUY' call with a target of Rs 1720 and a stop loss of Rs 1650."

Sell UltraTech Cement with a target of Rs 2450: Ashwani Gujral

"UltraTech Cement is a 'SELL' call with a target of Rs 2450 and a stop loss of Rs 2530."

Sell ONGC with a target of Rs 374: Ashwani Gujral

"ONGC is a 'SELL' call with a target of Rs 374 and a stop loss of Rs 390."

Can benefit from short trades on an intraday basis: Ashwani Gujral

Once the market starts getting into a correction, it could feel like we have come down a lot since individual stocks can fall.

Buy Glenmark with a target of Rs 890: Mitesh Thacker

"Glenmark is a 'Buy' call with a target of Rs 890 and a stop loss of Rs 788."

Posted in: Indian Market Tips