Stock Tips and Nifty Tips 25/06/2015

NIFTY OUTLOOK FOR 25/06/2015

AGAIN GREECE BRING VOLATILE MOVES,
NIFTY SLIP DOWN FROM THE HIGH OF 8421, AND
CLOSES AT 8360,
THE 200DMA IS AT 8366, AND
50DMA IS AT 8275,
PIVOT IS AT 8288,

LOT OF VOLATILE MOVES AND,
LITTLE CONSOLIDATION EXPECTED,
NIFTY MAY RE-TEST 8333-55 LEVEL,
BUT ABOVE 8400 NIFTY CAN START RALLY,

THE 200DMA IS AT 8366 AND 50DMA IS AT 8275,
BEARS MAY STRIKE AT ANY TIME,

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 8288,
ABOVE 8333 BULLS CAN TARGET 8466 AND 8555,
BELOW 8244 BEARS CAN TARGET 8111 AND 8022,

Buy Zee Entertainment with a target of Rs 372: Ashwani Gujral

'Zee Entertainment Ltd. is a 'BUY' call with a target of Rs 372 and a stop loss of Rs 350'

Buy Dabur India with a target of Rs 284: Ashwani Gujral

'Dabur India Ltd. is a 'BUY' call with a target of Rs 284 and a stop loss of Rs 270'

Buy IndusInd Bank with a target of Rs 875: Ashwani Gujral

'IndusInd Bank Ltd. is a 'BUY' call with a target of Rs 875 and a stop loss of Rs 845'

Buy BHEL with a target of Rs 265: Mitesh Thacker

'BHEL Ltd. is a 'BUY' call with a target of Rs 265 and a stop loss of Rs 246'

Buy Idea Cellular with a target of Rs 190: Mitesh Thacker

'Idea Cellular Ltd. is a 'BUY' call with a target of Rs 190 and a stop loss of Rs 174.50'

Posted in: Indian Market Tips