Stock Tips and Nifty Tips 13/05/2015

NIFTY OUTLOOK FOR 13/05/2015

BEARS ARE ATTACKING FROM 8300 LEVEL,
AGAIN NIFTY SLIP TO 8100 AND
CLOSES AT 8126,
PIVOT PLACED AT 8177,

BULLS HAVE HOPES AT 8088-8111 LEVEL,
BELOW 8088 BEARS CAN DRIVE NIFTY,
BULLS NEED A CLOSE ABOVE 8222 FOR
ANOTHER UP MOVE,

NIFTY FORMING DOUBLE BOTTOM PATTERN IN HOURLY
CHART, BREAKING ABOVE 8355 WILL LEAD
NIFTY TO THE TARGET OF 8716,

CAUTION NEEDED IN LONGS AS THE WORST IS NOT
OVER COMPLETELY,

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 8177,
ABOVE 8222 BULLS CAN TARGET 8355 AND 8444,
BELOW 8133 BEARS CAN TARGET 8000 AND 7911,

Buy Dr Reddy's Labs with a target of Rs 3,515: Prakash Gaba

'Dr Reddy's Labs Ltd is a 'BUY' call with a target of Rs 3,515 and a stop loss of Rs 3,379

See 10-15% upside potential in ONGC, says Harendra Kumar, Elara Capital

We would tend to be a little long on ONGC vis-à-vis some of the OMC stocks that seems to have re-rated significantly over the...

Sell Hero MotoCorp with a target of Rs 2,460: Mitesh Thacker

'Hero MotoCorp Ltd is a 'SELL' call with a target of Rs 2,460 and a stop loss of Rs 2,389'

Sell DLF with a target of Rs 121: Mitesh Thacker

'DLF Ltd is a 'SELL' call with a target of Rs 121 and a stop loss of Rs 130.85'

Sell Indiabulls Housing Finance with a target of Rs 167: Mitesh Thacker

'Indiabulls Housing Finance Ltd is a 'SELL' call with a target of Rs 167 and a stop loss of Rs 175'