Stock Tips and Nifty Tips 27/03/2015

NIFTY OUTLOOK FOR 27/03/2015

GLOBAL TRENDS GETTING BEARISH,

YEMEN CRISIS HITTING THE MARKETS,

NIFTY PLUNGE TO 8325 AND CLOSES AT 8342,

AS POSTED HERE ON YESTERDAY,

THE 8511-33 LEVEL GIVING GOOD SUPPORT,

NIFTY TAKE AWAY ABOVE SUPPORT BY A GAP DOWN,

AND NEXT SUPPORT PLACED AT 8422 ALSO TAKEN,

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 8511,

ALL THE CLOSES BELOW 8511 ARE BEARS AREA,

BULLS HAVE TO SEE CLOSE ABOVE 8555

TO GET THE CONTROL,

AS PER TECHNICAL,

NOW THE WEEKLY PIVOT IS 8511,

ABOVE 8555 BULLS CAN TARGET 8688 AND 8777,

BELOW 8466 BEARS CAN TARGET 8333 AND 8244,

Sell Aurobindo Pharma with a target of Rs 1,100: Ashwani Gujral

'Aurobindo Pharma is a 'SELL' call with a target of Rs 1,100 and a stop loss of Rs 1,160'

Sell Tata Steel with a target of Rs 308: Ashwani Gujral

'Tata Steel is a 'SELL' call with a target of Rs 308 and a stop loss of Rs 325'

Buy Cipla with a target of Rs 735: Ashwani Gujral

'Cipla is a 'BUY' call with a target of Rs 735 and a stop loss of Rs 700'

Sell Tata Motors DVR with a target of Rs 297: Sandeep Wagle

'Tata Motors DVR is a 'SELL' call with a target of Rs 297 and a stop loss of Rs 315.50'

Sell TCS with a target of Rs 2,430: Sandeep Wagle

'TCS is a 'SELL' call with a target of Rs 2,430 and a stop loss of Rs 2,570'

Posted in: Indian Market Tips