Stock Tips and Nifty Tips 18/05/2015

NIFTY OUTLOOK FOR 18/05/2015

NIFTY CLOSES AT 8262 AFTER WILD SWINGS,
WEEKLY HIGH IS 8332 AND THE LOW IS 8089,
PIVOT PLACED AT 8222,

FRIDAY NIFTY ALSO JUMP OVER THE TREND LINE,
BULLS HAVE TO MAKE FOLLOW UP,
THEN 8488 IS THE WEEKLY TARGET,

THE TREND LINE BREAK OUT TARGET ALSO SAME
AS THE FOLLOWING PATTERN TARGET,

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

BEARS ARE WAITING BELOW 8177,
ANY CLOSE BELOW 8177 WILL LEAD NIFTY BELOW 8000,

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,

Buy Bharat Forge with a target of Rs 1,349: Prakash Gaba

'Bharat Forge is a 'BUY' call with a target of Rs 1,349 and a stop loss of Rs 1,289'

Buy Mahindra & Mahindra with a target of Rs 1,258: Prakash Gaba

Mahindra & Mahindra is a 'BUY' call with a target of Rs 1,258 and a stop loss of Rs 1,228.

Buy Suzlon with a target of Rs 26.60: Prakash Gaba

'Suzlon is a 'BUY' call with a target of Rs 26.60 and a stop loss of Rs 24.50'

Buy Tata Motors with a target of Rs 545: Mitesh Thacker

'Tata Motors is a 'BUY' call with a target of Rs 545 and a stop loss of Rs 509'

Buy UltraTech Cement with a target of Rs 2,900: Ashwani Gujral

'UltraTech Cement is a 'BUY' call with a target of Rs 2,900 and a stop loss of Rs 2,794'