Stock Tips and Nifty Tips 29/04/2015

NIFTY OUTLOOK FOR 29/04/2015

BEARS TESTED THE LOW 8185,
AFTER LOT OF CONSOLIDATION, BULLS MANAGE
TO RECOVER UP TO 8307 AND NIFTY
CLOSES AT 8285 ABOVE THE 200DMA@8264,
AND NOW THE PIVOT MOVES UP TO 8333,

ABOVE 8377 IT IS BULLS AREA,
BULLS CAN MOVE TOWARDS 8511 AND 8600,

BUT TODAY ALSO NIFTY CLOSE BELOW THE PIVOT AND
BEARS ALSO ACTIVE,
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 8333,
ABOVE 8355 BULLS CAN TARGET 8488 AND 8577,
BELOW 8266 BEARS CAN TARGET 8133 AND 8044,

Buy Maruti Suzuki with a target of Rs 3,840: Prakash Gaba

'Maruti Suzuki is a 'BUY' call with a target of Rs 3,840 and a stop loss of Rs 3,680'

Sell Hindustan Unilever with a target of Rs 840: Prakash Gaba

'Hindustan Unilever is a 'SELL' call with a target of Rs 840 and a stop loss of Rs 864'

Buy Concor with a target of Rs 1,700: Prakash Gaba

'Container Corporation is a 'BUY' call with a target of Rs 1,700 and a stop loss of Rs 1,620-1,625'