Stock Tips and Nifty Tips 30/04/2015

NIFTY OUTLOOK FOR 30/04/2015

BULLS DEFEND 8200 IN TRADING,
NIFTY CLOSES AT 8239 AFTER TOUCHING 8308,
NOW THE PIVOT PLACED AT 8311,
NOW 200DMA IS @8267,

GLOBAL TRENDS GETTING VOLATILE,
SETTLEMENT DAY ON THE WAY,
LOT OF VOLATILE MOVES EXPECTED ON THURSDAY,

ABOVE 8355 IT IS BULLS AREA,
BULLS CAN MOVE TOWARDS 8511 AND 8600,
BEARS ARE 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 8311,
ABOVE 8355 BULLS CAN TARGET 8488 AND 8577,
BELOW 8266 BEARS CAN TARGET 8133 AND 8044,

• Buy Canara Bank with a target of Rs 574: Sandeep Wagle
  'Canara Bank Ltd is a 'BUY' call with a target of Rs 574 and a stop loss of Rs 535'
  
  

• Buy Century Textiles with a target of Rs 720: Sandeep Wagle
  'Century Textiles Ltd is a 'BUY' call with a target of Rs 720 and a stop loss of Rs 675'
  
  
• Buy Axis Bank with a target of Rs 560: Prakash Gaba
  'Axis Bank Ltd is a 'BUY' call with a target of Rs 560 and a stop loss of Rs 535'
  
  
• Buy Bharat Forge with a target of Rs 1,300: Prakash Gaba
  'Bharat Forge Ltd is a 'BUY' call with a target of Rs 1,300 and a stop loss of Rs 1,215'
  
  
• Buy Hindustan Zinc with a target of Rs 174: Prakash Gaba
  'Hindustan Zinc Ltd is a 'BUY' call with a target of Rs 174 and a stop loss of Rs 168'
  
  
• Sell REC with a target of Rs 300: Mitesh Thacker
  'REC Ltd is a 'SELL' call with a target of Rs 300 and a stop loss of Rs 317'