Stock Tips and Nifty Tips 04/05/2015

NIFTY OUTLOOK FOR 04/05/2015

THE LOW OF THE WEEK 26/08/2013 WAS 5118,
THE LOW OF THE WEEK 03/02/2014 WAS 5993,
ABOVE TWO LOWS FORMING A TREND LINE IN THE
NIFTY WEEKLY CHART,
ABOVE TREND LINE TESTED IN
THE LAST WEEK BY THE LOW OF 8144,

NIFTY MAY BOUNCE FROM THIS LINE TO 8600 IN
COMING WEEKS, BUT ANY CLOSE BELOW 8177 WILL
LEAD TO DEEP CORRECTION,

THE WEEKLY PIVOT IS AT 8222 AND
THE 200DMA IS AT 8269,
SO ANY CLOSE ABOVE 8266 WILL BRING
MORE GREEN AND MORE UPSIDE,

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 8222,
ABOVE 8266 BULLS CAN TARGET 8400 AND 8488,
BELOW 8177 BEARS CAN TARGET 8044 AND 7955,

Sell Exide with a target of Rs 165: Ashwani Gujral

Exide is a 'SELL' call with a target of Rs 165 and a stop loss of Rs 177.

Buy Asian Paints with a target of Rs 795: Ashwani Gujral

'Asian Paints is a 'BUY' call with a target of Rs 795 and a stop loss of Rs 760'

Buy Maruti with a target of Rs 3,900: Ashwani Gujral

'Maruti is a 'BUY' call with a target of Rs 3,900 and a stop loss of Rs 3,770'

Buy BPCL with a target of Rs 795: Ashwani Gujral

'BPCL is a 'BUY' call with a target of Rs 795 and a stop loss of Rs 760'

Sell HUL with a target of Rs 815: Mitesh Thacker

'HUL Ltd is a 'SELL' call with a target of Rs 815 and a stop loss of Rs 857'

Sell HDFC Bank with a target of Rs 950: Mitesh Thacker

'HDFC Bank Ltd is a 'SELL' call with a target of Rs 950 and a stop loss of Rs 1,006 '