Stock Tips and Nifty Tips 14/05/2015

NIFTY OUTLOOK FOR 14/05/2015

BULLS ARE DOING RECOVERY JOB,
AFTER VOLATILE MOVES NIFTY CLOSES ABOVE 8222,
200DMA@8293 AND THE PIVOT PLACED AT 8177,

ABOVE 8222 BULLS CAN MOVE TOWARDS 8333-55 LEVEL,
ABOVE 8355 BULLS CAN PLAY HUGE INNINGS,

A CLOSE BELOW 8133 WILL BRING MORE BEARS
AND MORE DOWNSIDE,

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 Reliance Infra with a target of Rs 445: Sandeep Wagle

'Reliance Infra Ltd is a 'BUY' call with a target of Rs 445 and a stop loss of Rs 412'

Sell TCS with a target of Rs 2,460: Prakash Gaba

'TCS Ltd is a 'BUY' call with a target of Rs 2,460 and a stop loss of Rs 2,520'

Buy GAIL with a target of Rs 388: Prakash Gaba

'GAIL Ltd is a 'BUY' call with a target of Rs 388 and a stop loss of Rs 370'

Buy Union Bank Ltd with a target of Rs 170: Sandeep Wagle

'Union Bank Ltd is a 'BUY' call with a target of Rs 170 and a stop loss of Rs 148'

Buy Jubilant Foodworks with a target of Rs 1,550: Prakash Gaba

'Jubilant Foodworks Ltd is a 'BUY' call with a target of Rs 1,550 and a stop loss of Rs 1,465'