Stock Tips and Nifty Tips 25/03/2015

NIFTY OUTLOOK FOR 25/03/2015

TODAY ALSO BULLS JUMP ABOVE 8600,

BUT AGAIN BULLS ARE NOT ABLE TO SUSTAIN ABOVE 8600,

NIFTY CLOSES AT 8542,

NOW 8600-22 LEVEL ACTING AS RESISTANCE

THE BIG SUPPORT AT 8600-22 LEVEL IS TAKEN,

THE NEXT SUPPORT IS AT 8422-44 LEVEL,

BEARS HAVE BIG TARGETS BELOW 8422,

THE HIGH ON 30/01 WAS 8996,

THE LOW ON 10/02 WAS 8472,

AGAIN THE HIGH ON 04/03 WAS 9117,

THIS IS A DOUBLE BOTTOM PATTERN,

BELOW 8472, (9117-8472=645) (8472-645=7828)

THIS PATTERN HAVE THE TARGET AT 7828,

NOW THE WEEKLY PIVOT SLIP DOWN TO 8644,

ALL THE CLOSES BELOW 8644 ARE BEARS AREA,

BULLS HAVE TO SEE CLOSE ABOVE 8644

AND A CLOSE ABOVE 8688 TO GET THE CONTROL,

AS PER TECHNICAL,

NOW THE WEEKLY PIVOT IS 8644,

ABOVE 8688 BULLS CAN TARGET 8822 AND 8911,

BELOW 8600 BEARS CAN TARGET 8466 AND 8377,

Buy Hexaware with a target of Rs 296: Sandeep Wagle

'Hexaware is a 'BUY' call with a target of Rs 296 and a stop loss of Rs 280'

Sell SBI with a target of Rs 259: Ashwani Gujral

'SBI is a 'SELL' call with a target of Rs 259 and a stop loss of Rs 275'

Sell HDIL with a target of Rs 99: Ashwani Gujral

'HDIL is a 'SELL' call with a target of Rs 99 and a stop loss of Rs 103'

Sell MindTree with a target of Rs 1,260: Sandeep Wagle

'MindTree is a 'SELL' call with a target of Rs 1,260 and a stop loss of Rs 1,348'

Buy Colgate-Palmolive with a target of Rs 2,090: Sandeep Wagle

'Colgate-Palmolive is a 'BUY' call with a target of Rs 2,090 and a stop loss of Rs 2,015'

Posted in: Indian Market Tips