Stock Tips and Nifty Tips 26/09/2014

NIFTY OUTLOOK FOR 26/09/2014

VOLATILE MOVES PULL DOWN NIFTY BELOW 7900,

AND NIFTY CLOSES AT 7911,

7911-33 IS NEXT SUPPORT LEVEL FOR NIFTY,

AND 7822-44 IS BIG SUPPORT.

7690 IS NEXT TARGET FOR BEARS,

BEFORE THAT BULLS MAY TRY TO RETEST 7977,

BUT ALL THE CLOSES BELOW 8000 ARE

BEARS AREA,

ON THE UP SIDE BULLS HAVE TO SEE A CLOSE

ABOVE 8044 FOR ANOTHER UP MOVE,

NOW THE WEEKLY PIVOT IS AT 8022,

ABOVE 8066 BULLS CAN MOVE TOWARDS 8333,

BELOW 7977 BEARS CAN SLIP TO 7800

AS POSTED HERE,

NIFTY RALLIED FROM 4500 TO 8200,

SO GOOD CORRECTION NEED FOR NIFTY

TO MAKE TOUR TOWARDS 10000.

THIS CORRECTION MAY START FROM 21/09/2014,

A CLOSE BELOW 7844 WILL

CONFIRM THE TREND REVERSAL,

AS PER TECHNICAL,

NOW THE WEEKLY PIVOT IS 8066,

ABOVE 8111 BULLS CAN TARGET 8244 AND 8333,

BELOW 8022 BEARS CAN TARGET 7888 AND 7800.

Sell Petronet with a target of Rs 182: Ashwani Gujral

'Petronet is a 'SELL' call with a target of Rs 182 and a stop loss of Rs 196.'

Buy Bajaj Auto with a target of Rs 2430: Ashwani Gujral

'Bajaj Auto is a 'BUY' call with a target of Rs 2430 and a stop loss of Rs 2350.'

Buy Auro Pharma with a target of Rs 885: Ashwani Gujral

'Auro Pharma is a 'BUY' call with a target of Rs 885 and a stop loss of Rs 850.'

Sell Reliance with a target of Rs 925: Ashwani Gujral

'Reliance is a 'SELL' call with a target of Rs 925 and a stop loss of Rs 950.'

Sell REC with a target of Rs 228: Ashwani Gujral

'REC is a 'SELL' call with a target of Rs 228 and a stop loss of Rs 246.'

Sell Canara Bank with a target of Rs 328: Ashwani Gujral

'Canara Bank is a 'SELL' call with a target of Rs 328 and a stop loss of Rs 345.'

Posted in: Indian Market Tips