Stock Tips and Nifty Tips 08/05/2015

NIFTY OUTLOOK FOR 08/05/2015

BULLS DEFEND 8000MARK ON CLOSING BASIS,
NIFTY CLOSES AT 8057,
NOW THE 200DMA PLACED @8279, AND
THE PIVOT SLIP DOWN TO 8133,

BELOW 8133 BEARS ARE DRIVING NIFTY,
8000 IS NEXT IMPORTANT SUPPORT,

BULLS HAVE TO SEE A CLOSE ABOVE 8177 FOR
ANOTHER UP MOVE, TOWARDS 8466 AND 8555,

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 8133,
ABOVE 8177 BULLS CAN TARGET 8311 AND 8400,
BELOW 8088 BEARS CAN TARGET 8044 AND 7955,

Sell Tata Motors DVR with a target of Rs 278: Sandeep Wagle

'Tata Motors DVR Ltd is a 'SELL' call with a target of Rs 278 and a stop loss of Rs 303'

Sell REC with a target of Rs 261: Sandeep Wagle

'REC Ltd is a 'SELL' call with a target of Rs 261 and a stop loss of Rs 300'

Sell Voltas with a target of Rs 245: Sandeep Wagle

'Voltas Ltd is a 'SELL' call with a target of Rs 245 and a stop loss of Rs 272'

Sell UCO Bank with a target of Rs 54: Sandeep Wagle

'UCO Bank Ltd is a 'SELL' call with a target of Rs 54 and a stop loss of Rs 61'

Posted in: Indian Market Tips