Stock Tips and Nifty Tips 17/04/2015

NIFTY OUTLOOK FOR 17/04/2015

NIFTY SLIP BELOW THE 8733 IN THE
OPENING HOURS TEST 8645 LOW, AND
BULLS MANAGE TO CLOSE ABOVE 8700 AT 8706,

THE PIVOT LEVEL 8733 TAKEN OUT TODAY,
BEARS WILL START THE INNINGS BELOW 8688,
BULLS NEED A CLOSE ABOVE 8777 FOR
ANOTHER UP MOVE IN NEXT WEEK,

ANYHOW BIG RESISTANCE PLACED AT 8897 AND
THE GOOD SUPPORT PLACED AT 8622,

THIS IS PULL BACK RALLY FOR THE PREVIOUS DOWN TREND,
SO AT ANY TIME THIS MAY TERMINATED,
BEARS HAVE SOME JOB ONLY BELOW 8688,

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 8733,
ABOVE 8777 BULLS CAN TARGET 8888 AND 8977,
BELOW 8688 BEARS CAN TARGET 8533 AND 8444,

Buy SBI with a target of Rs 306: Sandeep Wagle

'SBI is a 'BUY' call with a target of Rs 306 and a stop loss of Rs 287'

Sell Grasim with a target of Rs 3,610: Mitesh Thacker

'Grasim is a 'SELL' call with a target of Rs 3,610 and a stop loss of Rs 3,750'

Buy ONGC with a target of Rs 338: Ashwani Gujral

'ONGC is a 'BUY' call with a target of Rs 338 and a stop loss of Rs 320'

Sell DLF with a target of Rs 142: Ashwani Gujral

'DLF is a 'SELL' call with a target of Rs 142 and a stop loss of Rs 154'

Sell Hindustan Unilever with a target of Rs 890: Ashwani Gujral

'Hindustan Unilever is a 'SELL' call with a target of Rs 890 and a stop loss of Rs 925'