Stock Tips and Nifty Tips 24/03/2015

NIFTY OUTLOOK FOR 24/03/2015

BULLS ARE NOT ABLE TO SUSTAIN ABOVE 8600,
NIFTY CLOSES AT 8550,
NOW 8600-22 LEVEL ACTING AS RESISTANCE,

AS POSTED HERE,
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,

Buy Jindal Stainless with a target of 48: Ashwani Gujral

'Jindal Stainless is a 'BUY' with a target of 48 and a stop loss of Rs 36'

Sell ICICI Bank with a target of Rs 304: Sandeep Wagle

'ICICI Bank is a 'SELL' call with a target of Rs 304 and a stop loss of Rs 320'

Sell PTC India with a target of Rs 68.50: Sandeep Wagle

'PTC India a 'SELL' call with a target of Rs 68.50 and a stop loss of Rs 79'

Buy Century Textiles with a target of Rs 587: Sandeep Wagle

'Century Textiles is a 'BUY' call with a target of Rs 587 and a stop loss of Rs 568'

Sell Apollo Hospitals with a target of Rs 1,320: Sandeep Wagle

'Apollo Hospitalsis a 'SELL' call with a target of Rs 1,320 and a stop loss of Rs 1,395'