Stock Tips and Nifty Tips 06/05/2015

NIFTY OUTLOOK FOR 06/05/2015

LOT OF CONSOLIDATION GOING ON,
NIFTY TRADED BETWEEN 8288-8355
AND CLOSES FLAT AT 8324,
NOW THE 200DMA PLACED @8275 AND
THE PIVOT PLACED AT 8288,

SO ABOVE 8333 BULLS CAN MOVE TOWARDS 8555 AND 8644,
BEARS HAVE SOME JOB ONLY BELOW 8244,

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 8288,
ABOVE 8333 BULLS CAN TARGET 8400 AND 8488,
BELOW 8244 BEARS CAN TARGET 8044 AND 7955,

Buy Adani Enterprises with a target of Rs 740: Prakash Gaba

'Adani Enterprises Ltd is a 'BUY' call with a target of Rs 740 and a stop loss of Rs 701'

Buy BEL with a target of Rs 3,600: Prakash Gaba

'BEL Ltd is a 'BUY' call with a target of Rs 3,600 and a stop loss of Rs 3,200'

Buy Aditya Birla Nuvo with a target of Rs 1,850: Prakash Gaba

'Aditya Birla Nuvo Ltd is a 'BUY' call with a target of Rs 1,850 and a stop loss of Rs 1,755'

Buy SPARC with a target of Rs 460: Ashwani Gujral

'SPARC Ltd is a 'BUY' call with a target of Rs 460 and a stop loss of Rs 425'

Buy Axis Bank with a target of Rs 600: Ashwani Gujral

5 May 2015, 11:14 AM IST

'Axis Bank Ltd is a 'BUY' call with a target of Rs 600 and a stop loss of Rs 560'

Buy Tata Steel Ltd with a target of Rs 395: Mitesh Thacker

'Tata Steel Ltd is a 'BUY' call with a target of Rs 395 and a stop loss of Rs 371'

Buy Kotak Bank with a target of Rs 1,445: Mitesh Thacker

'Kotak Bank Ltd is a 'BUY' call with a target of Rs 1,445 and a stop loss of Rs 1,390'