Stock Tips and Nifty Tips 17/12/2014

NIFTY OUTLOOK FOR 17/12/2014

NIFTY TAKES A BIG HIT,

MOST OF THE DAMAGE DONE BY BANKNIFTY,

CLOSES AT 8067 AFTER TESTING 8053,

THE NEXT SUPPORT PLACED AT 7977-8000 LEVEL,

NOW THE WEEKLY PIVOT SLIP TO 8177,

BULLS NEED A CLOSE ABOVE 8222 FOR ANOTHER UP MOVE,

NIFTY RALLIED FROM 4531 TO 8626,

SO GOOD CORRECTION NEED FOR NIFTY

TO MAKE TOUR TOWARDS 10000.

AS PER TECHNICAL,

NOW THE WEEKLY PIVOT IS 8177,

ABOVE 8222 BULLS CAN TARGET 8355 AND 8444,

BELOW 8133 BEARS CAN TARGET 8000 AND 7911,

Buy Motherson with a target of Rs 425: Ashwani Gujral

"Motherson is a 'Buy' call with a target of Rs 425 and a stop loss of Rs 406."

Sell Adani Power at a stop loss of Rs 43: Ashwani Gujral

"Adani Power is a 'Sell' call with a target of Rs 36 and a stop loss of Rs 43."

Sell Syndicate Bank at a stop loss of Rs 125: Ashwani Gujral

"Syndicate Bank is a 'Sell' call with a target of Rs 112 and a stop loss of Rs 125."

Sell Aurobindo Pharma at a stop loss of Rs 1116: Mitesh Thacker

"Aurobindo Pharma is a 'Sell' call with a target of Rs 1050 and a stop loss of Rs 1116."

Buy MindTree with a target of Rs 1250: Mitesh Thacker

"MindTree is a 'Buy' call with a target of Rs 1250 and a stop loss of Rs 1199."

Posted in: Indian Market Tips