Stock Tips and Nifty Tips 21/05/2015

NIFTY OUTLOOK FOR 21/05/2015

BULLS SEE A CLOSE ABOVE 8400 AT 8423,
ABOVE 8444 ANOTHER UP MOVE WAITING
FOR BULLS,

DOLLAR INDEX BOUNCING BACK AND GIVING
HOPES TO THE BULLS,
PIVOT PLACED AT 8288,
THE FOLLOWING PATTERN GET VALID,

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

BEARS ARE WAITING BELOW 8244,
ANY CLOSE BELOW 8244 WILL LEAD TO FURTHER DOWNSIDE,

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 8288,
ABOVE 8333 BULLS CAN TARGET 8400 AND 8488,
BELOW 8244 BEARS CAN TARGET 8044 AND 7955,

Buy Bajaj Auto with a target of Rs 2,180: Sandeep Wagle

'Bajaj Auto Ltd is a 'SELL' call with a target of Rs 2,180 and a stop loss of Rs 2,052

Buy HCL Tech with a target of Rs 996: Sandeep Wagle

'HCL Tech Ltd is a 'BUY' call with a target of Rs 996 and a stop loss of Rs 942'

Buy Wipro with a target of Rs 570: Prakash Gaba

'Wipro Ltd is a 'BUY' call with a target of Rs 570 and a stop loss of Rs 554'

Buy ITC with a target of Rs 340: Prakash Gaba

'ITC Ltd is a 'BUY' call with a target of Rs 340 and a stop loss of Rs 327'

Posted in: Indian Market Tips