Stock Tips and Nifty Tips 20/04/2015

NIFTY OUTLOOK FOR 20/04/2015

FRIDAY NIFTY CLOSES ABOVE 8600 LEVEL AT 8606,
8600 IS IMPORTANT SUPPORT,
RIL POSTED GOOD NUMBERS AFTER CLOSING,
DOW LOOSES 300POINTS ON FRIDAY,
SO MIXED AND VOLATILE MOVES SEEN ON MONDAY,

WEEKLY PIVOT SLIP DOWN TO 8688,
BEARS WILL DRIVE THE MARKETS,
AS LONG AS NIFTY CLOSES BELOW 8688,
8511 AND 8422 ARE THE WEEKLY TARGETS FOR BEARS,
BEARS CAN BAT ONLY AFTER A CLOSE ABOVE 8733,

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 Motherson Sumi with a target of Rs 560: Mitesh Thacker

'Motherson Sumi Ltd is a 'BUY' call with a target of Rs 560 and a stop loss of Rs 508'

Buy Tata Steel with a target of Rs 366: Mitesh Thacker

'Tata Steel Ltd is a 'BUY' call with a target of Rs 366 and a stop loss of Rs 344'

Buy BEML with a target of Rs 1,160: Ashwani Gujral

'BEML Ltd is a 'BUY' call with a target of Rs 1,160 and a stop loss of Rs 1,090 '

Sell Sun Pharma with a target of Rs 1,000: Ashwani Gujral

'Sun Pharma Ltd is a 'SELL' call with a target of Rs 1,000 and a stop loss of Rs 1,065'

Sell TCS with a target of Rs 2,380: Sandeep Wagle

'TCS Ltd is a 'SELL' call with a target of Rs 2,380 and a stop loss of Rs 2,536'