Stock Tips and Nifty Tips 29/06/2015

NIFTY OUTLOOK FOR 29/06/2015

BULLS ARE BACK,
OTHER GLOBAL MARKETS GETTING VOLATILE,
NIFTY SHOW FIRM CLOSE ABOVE 8355 AT 8381,

THE WEEKLY HIGH AT 8423, LOW AT 8257,
AND THE CLOSE IS AT 8381,
PIVOT JUMP UP TO 8355,
SO ALL THE CLOSES ABOVE 8355 ARE BULLS AREA,

BUT WE HAVE TO KEEP IN MIND,
STILL GREECE PROBLEM IS NOT YET OVER,
THE 200DMA IS AT 8370, AND
50DMA IS AT 8262,
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 8355,
ABOVE 8400 BULLS CAN TARGET 8533 AND 8633,
BELOW 8311 BEARS CAN TARGET 8177 AND 8088.

Sell LIC Housing with a target of Rs 437: Ashwani Gujral

'LIC Housing Ltd. is a 'SELL' call with a target of Rs 437 and a stop loss of Rs 455'

Buy Century Textiles with a target of Rs 740: Ashwani Gujral

'Century Textiles Ltd. is a 'BUY' call with a target of Rs 740 and a stop loss of Rs 690'

Buy India Cements with a target of Rs 101: Ashwnai Gujral

'India Cements Ltd. is a 'BUY' call with a target of Rs 101 and a stop loss of Rs 89'

Buy Amtek Auto with a target of Rs 171: Mitesh Thacker

'Amtek Auto Ltd. is a 'BUY' call with a target of Rs 171 and a stop loss of Rs 153'

Buy Pidilite with a target of Rs 585: Mitesh Thacker

'Pidilite Ltd. is a 'BUY' call with a target of Rs 585 and a stop loss of Rs 547'

Posted in: Indian Market Tips