Stock Tips and Nifty Tips 28/04/2015

NIFTY OUTLOOK FOR 28/04/2015

TODAY HIGH IS 8334,
LOW IS 8203, NIFTY CLOSES @8213,
THIS IS A CLOSE WELL BELOW THE 200DMA@8260,
AND THE PIVOT SLIP DOWN TO 8311,

BULLS MAY TRY TO REBOUND ABOVE 8260 ON TUESDAY,
BUT A CLOSE ABOVE 8355 NEEDED TO
TERMINATE THIS BEARISH ATTACK,

BELOW 8200 BEARS HAVE TARGET AT 8022 AND AT 7821,

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 8311,
ABOVE 8355 BULLS CAN TARGET 8488 AND 8577,
BELOW 8266 BEARS CAN TARGET 8133 AND 8044,

Sell PTC India with a target of Rs 66: Mitesh Thacker

'PTC India is a 'SELL' call with a target of Rs 66 and a stop loss of Rs 73.50'

Sell JSW Energy with a target of Rs 100: Mitesh Thacker

'JSW Energy is a 'SELL' call with a target of Rs 100 and a stop loss of Rs 112'

Sell Apollo Hospitals with a target of Rs 1,200: Ashwani Gujral

'Apollo Hospitals is a 'SELL' call with a target of Rs 1,200 and a stop loss of Rs 1,250'

Sell M&M Financial with a target of Rs 254: Ashwani Gujral

'M&M Financial Ltd is a 'SELL' call with a target of Rs 254 and a stop loss of Rs 270'

Buy Maruti Suzuki with a target of Rs 3,700: Ashwani Gujral

'Maruti Suzuki Ltd is a 'BUY' call with a target of Rs 3,700 and a stop loss of Rs 3,580'

Posted in: Indian Market Tips