Btock Tips and Nifty Tips 26/11/2014

NIFTY OUTLOOK FOR 26/11/2014

ITC TAKE BIG HIT,

FOLLOWED BY NIFTY BY PROFIT BOOKING,

NIFTY CLOSES AT 8463 AFTER TESTING 8429,

NOW THE WEEKLY PIVOT SLIP TO 8444,

BELOW 8400 BEARS WILL THE CONTROL,

BULLS HAVE TO SEE A CLOSE ABOVE 8488 FOR ANOTHER

UP MOVE,

ASTRO SIGNAL GREEN FOR NIFTY UP TO

WEDNESDAY THIS WEEK, AND

VOLATILE SETTELEMENT DAY EXPECTED,

BEARS HAVE SOME JOBS AFTER A CLOSE

BELOW 8422,

IT LOOKS LIKES NIFTY MAKING

DOUBLE TOP PATTERN IN DAILY CHARTS, AND THE PRICE

GETTING DIVERGENCE WITH MOMENTUM,

AND AT ANY TIME BIG FALL ON THE CARD,

AS POSTED HERE,

NIFTY RALLIED FROM 4531 TO 8535,

SO GOOD CORRECTION NEED FOR NIFTY

TO MAKE TOUR TOWARDS 10000.

AS PER TECHNICAL,

NOW THE WEEKLY PIVOT IS 8466,

ABOVE 8511 BULLS CAN TARGET 8600 AND 8688,

BELOW 8422 BEARS CAN TARGET 8244 AND 8155,

Buy Dish TV with a target of Rs 72: Sandeep Wagle

Dish TV is a 'BUY' call with a target of Rs 72 and a stop loss of Rs 61.50.

Sell Union Bank with a target of Rs 194: Sandeep Wagle

Union Bank is a 'SELL' call with a target of Rs 194 and a stop loss of Rs 209.

Sell J&K Bank with a target of Rs 130: Prakash Gaba

J&K Bank is a 'SELL' call with a target of Rs 124 and a stop loss of Rs 130.

Buy M&M with a target of Rs 1275: Prakash Gaba

M&M is a 'BUY' call with a target of Rs 1275 and a stop loss of Rs 1240.

Buy BHEL with a target of Rs 272: Prakash Gaba

BHEL is a 'BUY' call with a target of Rs 272 and a stop loss of Rs 260.

Posted in: Indian Market Tips