Stock Tips and Nifty Tips 16/04/2015

NIFTY OUTLOOK FOR 16/04/2015

BULLS MOVE UP TO 8844 AND SUSTAIN

ABOVE 8800 UP TO 03.00PM,

BUT GLOBAL TRENDS AND PROFIT BOOKING

HIT NIFTY AFTER 03.00PM,

BEARS TEST 8722 AND NIFTY CLOSES AT 8750,

TODAY THE PIVOT LEVEL GIVE SUPPORT TO NIFTY,

NOW THE PIVOT PLACED AT 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 Maruti Suzuki with a target of Rs 3,850: Mitesh Thacker

'Maruti Suzuki Ltd is a 'BUY' call with a target of Rs 3,850 and a stop loss of Rs 3,669'

Buy IDBI Bank with a target of Rs 90: Mitesh Thacker

'IDBI Bank Ltd is a 'BUY' call with a target of Rs 90 and a stop loss of Rs 78'

Sell Mahindra & Mahindra with a target of Rs 1,161: Sandeep Wagle

Mahindra & Mahindra Ltd is a 'SELL' call with a target of Rs 1,161 and a stop loss of Rs 1,240.

Buy OBC with a target of Rs 243: Sandeep Wagle

'Oriental Bank of Commerce Ltd is a 'BUY' call with a target of Rs 243 and a stop loss of Rs 225'

Buy Union Bank with a target of Rs 172: Prakash Gaba

'Union Bank Ltd is a 'BUY' call with a target of Rs 172 and a stop loss of Rs 162'

Buy Adani Ports with a target of Rs 340: Prakash Gaba

'Adani Ports Ltd is a 'BUY' call with a target of Rs 340 and a stop loss of Rs 321'

Buy Gujarat Fluoro with a target of Rs 800: Ashwani Gujral

'Gujarat Fluorochemicals is a 'BUY' call with a target of Rs 800 and a stop loss of Rs 725'

Posted in: Indian Market Tips