Stock Tips and Nifty Tips 24/04/2015

NIFTY OUTLOOK FOR 24/04/2015

BULLS MADE A PULL BACK IN THE OPENING HOURS,
BUT BEARS ARE SELLING IN ALL RAISES,
NIFTY TEST 8504 AND CLOSES AT 8398,
NOW THE PIVOT SLIP DOWN TO 8466,

NIFTY HAVE SUPPORT AT 8288-311 LEVEL,
HOPES ARE THERE NIFTY MAY JUMP A LITTLE
FROM HERE TO 8488 LEVEL,
BULLS HAVE SOME WORK ONLY ABOVE 8511,

THE FOLLOWING PATTERN HAVE SOME VALUE
AS LONG AS NIFTY TRADE BELOW 9119,

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 BOTTOM PATTERN,
BELOW 8472, (9119-8470=649) (8470-649=7821)
THIS PATTERN HAVE THE TARGET AT 7821,

AS PER TECHNICAL,
NOW THE WEEKLY PIVOT IS 8688,
ABOVE 8733 BULLS CAN TARGET 8866 AND 8955,
BELOW 8644 BEARS CAN TARGET 8511 AND 8422,

Buy DHFL with a target of Rs 481: Ashwani Gujral

'DHFL Ltd is a 'BUY' call with a target of Rs 481 and a stop loss of Rs 450'

Buy Ramco Industries with a target of Rs 94: Ashwani Gujral

'Ramco Industries Ltd is a 'BUY' call with a target of Rs 94 and a stop loss of Rs 79'

Buy JSW Holdings with a target of Rs 1,220: Mitesh Thacker

'JSW Holdings Ltd is a 'BUY' call with a target of Rs 1,220 and a stop loss of Rs 1,130'

Buy Yes Bank with a target of Rs 860: Ashwani Gujral

'Yes Bank Ltd is a 'BUY' call with a target of Rs 860 and a stop loss of Rs 825'

Posted in: Indian Market Tips