Stock Tips and Nifty Tips 11/05/2015

NIFTY OUTLOOK FOR 11/05/2015

BEARS TESTED THE LOW OF 7997 IN THE
LAST WEEK, AND BULLS MANAGE TO CLOSE AT 8191,
WEEKLY HIGH@8355 LOW@7997 AND THE PIVOT
PLACED AT 8177,

GLOBAL TRENDS TURNING IN TO GREEN,
BULLS HAVE SOME JOBS IN THIS WEEK AHEAD,

NIFTY FORMING DOUBLE BOTTOM PATTERN IN HOURLY
CHART, BREAKING ABOVE 8355 WILL LEAD
NIFTY TO THE TARGET OF 8716,

CAUTION NEEDED IN LONGS AS THE WORST IS NOT
OVER COMPLETELY,

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 8177,
ABOVE 8222 BULLS CAN TARGET 8355 AND 8444,
BELOW 8133 BEARS CAN TARGET 8000 AND 7911,

Buy Adani Enterprises with a target of Rs 715: Ashwani Gujral

'Adani Enterprises Ltd is a 'BUY' call with a target of Rs 715 and a stop loss of Rs 670'

Buy Cipla with a target of Rs 675: Ashwani Gujral

'Cipla Ltd is a 'BUY' call with a target of Rs 675 and a stop loss of Rs 650'

Buy Dish TV with a target of Rs 87: Ashwani Gujral

'Dish TV Ltd is a 'BT/ST' call with a target of Rs 87 and a stop loss of Rs 73'

Sell Godrej Industries with a target of Rs 341: Prakash Gaba

'Godrej Industries Ltd is a 'SELL' call with a target of Rs 341 and a stop loss of Rs 359'

Buy Bharti Airtel with a target of Rs 407: Prakash Gaba

'Bharti Airtel Ltd is a 'BUY' call with a target of Rs 407 and a stop loss of Rs 394'

Posted in: Indian Market Tips