Stock Tips and Nifty Tips 22/06/2015

NIFTY OUTLOOK FOR 22/06/2015

BULLS ARE PLAYING THE INNINGS,
SEE A WEEKLY CLOSE ABOVE 8200 AT 8224,
TREND LINES PLACE FIRST RESISTANCE AT 8266-88 LEVEL,
THE NEXT BIG RESISTANCE PLACED AT 8311-33 LEVEL,
A CLOSE ABOVE 8333 IN THIS WEEK AHEAD,
WILL CONFIRM US NIFTY RESUMING THE BULLISH TREND,

NOW THE PIVOT PLACED AT 8133,
BEARS ARE WAITING BELOW 8133,
A CLOSE BELOW 8088 WILL BRING MORE BEARS,

50DMA @8301 AND 200DMA@8359,
THIS DEVIL CROSS PUT NIFTY IN TO
THE BEARISH ZONE,

BEARS ARE FOLLOWING ONE PATTERN,
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 TOP PATTERN,
BELOW 8472, (9119-8470=649) (8470-649=7821)
THIS PATTERN HAVE THE TARGET AT 7821,

NOW BULLS ARE ALSO HAVING ONE PATTERN,
THE LOW OF NIFTY ON 07/05/2015 WAS 8057,
THE HIGH OF NIFTY ON 22/05/2015 WAS 8489,
AGAIN NIFTY MADE A LOW OF 7940 ON 15/06/2015,
THIS IS FORMING DOUBLE TOP PATTERN IN DAILY CHART,
SO ABOVE 8489 BULLS CAN TARGET 9038,

AS PER TECHNICAL,
NOW THE WEEKLY PIVOT IS 8133,
ABOVE 8177 BULLS CAN TARGET 8311 AND 8400,
BELOW 8088 BEARS CAN TARGET 7955 AND 7866,

Buy M&M Financial with a target of Rs 275: Ashwani Gujral

'M&M Financial Ltd. is a 'BUY' call with a target of Rs 275 and a stop loss of Rs 250'

Buy Reliance Industries with a target of Rs 1,030: Ashwani Gujral

'Reliance Industries Ltd. is a 'BUY' call with a target of Rs 1,030 and a stop loss of Rs 990'

Buy LIC Housing with a target of Rs 465: Ashwani Gujral

'LIC Housing Ltd. is a 'BUY' call with a target of Rs 465 and a stop loss of Rs 430'

Buy HDFC with a target of Rs 1,275: Sandeep Wagle

'HDFC Ltd. is a 'BUY' call with a target of Rs 1,275 and a stop loss of Rs 1,220'

Buy M&M with a target of Rs 1,330: Sandeep Wagle

'M&M Ltd. is a 'BUY' call with a target of Rs 1,330 and a stop loss of Rs 1,260'

Posted in: Indian Market Tips