Stock Tips and Nifty Tips 12/05/2015

NIFTY OUTLOOK FOR 12/05/2015

BULLS STARTED THE INNINGS,
JUMP ABOVE THE 200DMA@2686 AND
NIFTY CLOSES ABOVE 8300 AT 8325,

SOME RESISTANCE SEEN AT 8533-55 LEVEL,
ABOVE 8355 BULLS CAN MOVE TOWARDS 8555 AND 8716,

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 Can Fin Home with a target of Rs 750: Ashwani Gujral

Can Fin Home Ltd is a 'BUY' call with a target of Rs 750 and a stop loss of Rs 680.

Buy Ashok Leyland with a target of Rs 82: Ashwani Gujral

'Ashok Leyland Ltd is a 'BUY' call with a target of Rs 82 and a stop loss of Rs 70'

Buy Gujarat Gas with a target of Rs 860: Ashwani Gujral

'Gujarat Gas Ltd is a 'BUY' call with a target of Rs 860 and a stop loss of Rs 780'

Buy Reliance Industries with a target of Rs 920: Mitesh Thacker

'Reliance Industries Ltd is a 'BUY' call with a target of Rs 920 and a stop loss of Rs 878'

Buy Colgate with a target of Rs 2,120: Prakash Gaba

'Colgate Ltd is a 'BUY' call with a target of Rs 2,120 and a stop loss of Rs 2,034'

Posted in: Indian Market Tips