Stock Tips and Nifty Tips 13/04/2015

NIFTY OUTLOOK FOR 13/04/2015

BULLS ARE FACING SELLING AT 8777-8800 LEVEL,

SEE A WEEKLY CLOSE AT 8780 ON FRIDAY,

PIVOT MOVE UP TO 8711,

SO AS LONG AS NIFTY TRADE ABOVE 8711,

BULLS CAN MOVE TOWARDS 8888 AND 8977,

BEARS HAVE SOME JOB ONLY BELOW 8666,

THE FOLLOWING PATTERN HAVE SOME VALUE

AS LONG AS NIFTY TRADE BELOW 9119,

THE HIGH ON 30/01 WAS 8996,

THE LOW ON 10/02 WAS 8470,

AGAIN THE HIGH ON 04/03 WAS 9119,

THIS IS A DOUBLE BOTTOM PATTERN,

BELOW 8472, (9119-8470=649) (8470-649=7821)

THIS PATTERN HAVE THE TARGET AT 7821,

AS PER TECHNICAL,

NOW THE WEEKLY PIVOT IS 8711,

ABOVE 8755 BULLS CAN TARGET 8888 AND 8977,

BELOW 8666 BEARS CAN TARGET 8533 AND 8444,

Buy Network 18 with a target of Rs 72: Ashwani Gujral

'Network 18 is a 'BUY' call with a target of Rs 72 and a stop loss of Rs 58'

Buy Tata Motors DVR with a target of Rs 372: Ashwani Gujral

Tata Motors DVR is a 'BUY' call with a target of Rs 372 and a stop loss of Rs 345.

Sell Jindal Steel with a target of Rs 150: Mitesh Thacker

'Jindal Steel is a 'SELL' call with a target of Rs 150 and a stop loss of Rs 160.30'

Sell HDFC with a target of Rs 1,240: Mitesh Thacker

'HDFC is a 'SELL' call with a target of Rs 1,240 and a stop loss of Rs 1,311'

Buy Bank of India with a target of Rs 226: Prakash Gaba

'Bank of India is a 'BUY' call with a target of Rs 226 and a stop loss of Rs 212'

Buy Indian Overseas Bank with a target of Rs 46: Prakash Gaba

'Indian Overseas Bank is a 'BUY' call with a target of Rs 46 and a stop loss of Rs 44.50'

Posted in: Indian Market Tips