Stock Tips and Nifty Tips 26/06/2015

NIFTY OUTLOOK FOR 26/06/2015

NIFTY CLOSES AT 8398,
STILL GREECE PROBLEM IS NOT YET OVER,
VOLATILE MOVES SEEN TODAY ALSO,
THE 200DMA IS AT 8368, AND
50DMA IS AT 8268,
PIVOT IS AT 8288,
ABOVE 8400 NIFTY CAN START RALLY,

THE 200DMA IS ABOVE 50DMA,
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 Dr Reddy’s Labs with a target of Rs 3,555: Sandeep Wagle

'Dr Reddy’s Labs Ltd. is a 'BUY' call with a target of Rs 3,555 and a stop loss of Rs 3,448'

Buy Vedanta with a target of Rs 188: Sandeep Wagle

'Vedanta Ltd. is a 'BUY' call with a target of Rs 188 and a stop loss of Rs 177'

Sell HDIL with a target of Rs 84: Ashwani Gujral

'HDIL Ltd. is a 'SELL' call with a target of Rs 84 and a stop loss of Rs 92.50'

Buy NBCC with a target of Rs 930: Ashwani Gujral

'NBCC Ltd. is a 'BUY' call with a target of Rs 930 and a stop loss of Rs 825'

Buy Lupin with a target of Rs 1,860: Ashwani Gujral

'Lupin Ltd. is a 'BUY' call with a target of Rs 1,860 and a stop loss of Rs 1,805'

Posted in: Indian Market Tips