Stock Tips and Nifty Tips 18/08/2015

NIFTY OUTLOOK FOR 18/08/2015

BULLS ARE FAILING TO MAKE FOLLOW UPS,
NIFTY SLIP TO 8428 AND CLOSES AT 8477,
ON TUESDAY BULLS HAVE TO HOLD 8444,

IF NIFTY SLIP BELOW 8444,
THEN BEARS WILL TAKE NIFTY TO 8333 LEVEL,

BULLS HAVE TO SEE A CLOSE ABOVE 8533 FOR
TAKING CONTROL AND ANOTHER UP MOVE,

FOR THE LAST FIVE WEEKS NIFTY TRADING
IN THE RANGE OF 8333-8622,
FRIDAY MOVE SHOW THAT THIS RANGE MAY
TAKEN ON THE UPPER END AND
BULLS MAY MOVE TOWARDS 8911,

ON THE LONG TERM BASIS ALSO,
8311-8333 IS GOOD SUPPORT,
ANY CLOSE BELOW 8311 WILL LEAD NIFTY
TO THE WORST DESTINATIONS,

AS PER ASTRO,
GURU SHIFTED IN TO THE SIMMAM HOME,
GURU WILL SAIL IN SIMMAM HOME UP TO 21/12/2015,
ON 22/12/2015 GURU WILL SHIFT IN TO KANYA HOME,
IN 5.5 MONTHS GURU WILL PASS OVER SIMMAM HOME,
NORMALLY IT WILL TAKE ONE YEAR,

THIS EXPRESS MOVE WILL BRING FAST GREEN TO EQUITY
MARKETS, NIFTY WILL SET RECORD HIGH BEFORE 21/12/2015,
BANK NIFTY WILL CONTRIBUTE MORE AND MORE,
AVOID SHORTING NIFTY AND BANK NIFTY UP TO 21/12/2015,

AS PER TECHNICAL,
NOW THE WEEKLY PIVOT IS 8488,
ABOVE 8533 BULLS CAN TARGET 8665 AND 8755,
BELOW 8444 BEARS CAN TARGET 8311 AND 8222,

Buy Amara Raja Batteries with a target of Rs 1,090: Mitesh Thacker

'Amara Raja Batteries Ltd. is a 'BT/ST' call with a target of Rs 1,090 and a stop loss of Rs 1,030'

Buy IDBI Bank with a target of Rs 74: Mitesh Thacker

'IDBI Bank Ltd. is a 'BT/ST' call with a target of Rs 74 and a stop loss of Rs 69'

Buy Canara Bank with a target of Rs 356: Ashwani Gujral

'Canara Bank Ltd. is a 'BUY' call with a target of Rs 356 and a stop loss of Rs 330'

Buy Ashok Leyland with a target of Rs 96: Ashwani Gujral

'Ashok Leyland Ltd. is a 'BUY' call with a target of Rs 96 and a stop loss of Rs 87'

Buy JSW Energy with a target of Rs 87: Ashwani Gujral

'JSW Energy Ltd. is a 'BT/ST' call with a target of Rs 87 and a stop loss of Rs 73'

Posted in: Indian Market Tips