Stock Tips and Nifty Tips 15/04/2015

NIFTY OUTLOOK FOR 15/04/2015

BULLS JUMPED ABOVE 8777-8800 LEVEL,

TEST 8841 AND CLOSES AT 8834,

PIVOT MOVE UP TO 8733,

SO AS LONG AS NIFTY TRADE ABOVE 8733,

BULLS CAN MOVE TOWARDS 8888 AND 8977,

THIS IS PULL BACK RALLY FOR THE PREVIOUS DOWN TREND,

SO AT ANY TIME THIS MAY TERMINATED,

BEARS HAVE SOME JOB ONLY BELOW 8688,

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 8733,

ABOVE 8777 BULLS CAN TARGET 8888 AND 8977,

BELOW 8688 BEARS CAN TARGET 8533 AND 8444,

Buy Apollo Tyres with a target of Rs 195: Sandeep Wagle

Apollo Tyres is a 'BUY' call with a target of Rs 195 and a stop loss of Rs 181.

Buy Dr Reddy's Labs with a target of Rs 3,814: Vijay Bhambwani

'Dr Reddy's Laboratories Ltd is a 'BUY' call with a target of Rs 3,814 and a stop loss of Rs 3,750'

Buy AB Nuvo with a target of Rs 1,794: Vijay Bhambwani

'AB Nuvo Ltd is a 'BUY' call with a target of Rs 1,794 and a stop loss of Rs 1,754'

Buy HDIL with a target of Rs 164: Sandeep Wagle

'HDIL Ltd is a 'BUY' call with a target of Rs 164 and a stop loss of Rs 125'

Buy KEC International with a target of Rs 108: Sandeep Wagle

'KEC International Ltd is a 'BUY' call with a target of Rs 108 and a stop loss of Rs 91'

Posted in: Indian Market Tips