Stock Tips and Nifty Tips 23/03/2015

NIFTY OUTLOOK FOR 23/03/2015

BEARS SEE A WEEKLY CLOSE BELOW 8600,
SO THE BIG SUPPORT AT 8600-22 LEVEL IS TAKEN,
THE NEXT SUPPORT IS AT 8422-44 LEVEL,
BEARS HAVE BIG TARGETS BELOW 8422,

THE HIGH ON 30/01 WAS 8996,
THE LOW ON 10/02 WAS 8472,
AGAIN THE HIGH ON 04/03 WAS 9117,
THIS IS A DOUBLE BOTTOM PATTERN,
BELOW 8472, (9117-8472=645) (8472-645=7828)
THIS PATTERN HAVE THE TARGET AT 7828,

NOW THE WEEKLY PIVOT SLIP DOWN TO 8644,
ALL THE CLOSES BELOW 8644 ARE BEARS AREA,
BULLS HAVE TO SEE CLOSE ABOVE 8644
AND A CLOSE ABOVE 8688 TO GET THE CONTROL,

AS PER TECHNICAL,
NOW THE WEEKLY PIVOT IS 8644,
ABOVE 8688 BULLS CAN TARGET 8822 AND 8911,
BELOW 8600 BEARS CAN TARGET 8466 AND 8377,

Sell Aditya Birla Nuvo with a target of Rs 1,615: Mitesh Thacker

'Aditya Birla Nuvo is a 'SELL' call with a target of Rs 1,615 and a stop loss of Rs 1,670'

Sell SKS Microfinance with a target of Rs 420: Mitesh Thacker

'SKS Microfinance is a 'SELL' call with a target of Rs 420 and a stop loss of Rs 443'

Sell M&M with a target of Rs 1,120: Ashwani Gujral

M&M is a 'SELL' call with a target of Rs 1,120 and a stop loss of Rs 1,190.

Sell BHEL with a target of Rs 235: Ashwani Gujral

'BHEL is a 'SELL' call with a target of Rs 235 and a stop loss of Rs 251'