Stock Tips and Nifty Tips 19/05/2015

NIFTY OUTLOOK FOR 19/05/2015

BULLS MAKE A FOLLOW UP,
NIFTY JUMP ABOVE 8355 AND CLOSES AT 8373,
PIVOT JUMP TO 8288,
AND THE FOLLOWING PATTERN GET VALID,

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

BEARS ARE WAITING BELOW 8244,
ANY CLOSE BELOW 8244 WILL LEAD TO FURTHER DOWNSIDE,

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 Reliance Industries with a target of Rs 920: Mitesh Thacker

'Reliance Industries Ltd is a conditional 'BUY' call with a target of Rs 920 and a stop loss of Rs 878'

Buy Apollo Tyres with a target of Rs 193.50: Sandeep Wagle

'Apollo Tyres Ltd is a conditional 'BUY' call with a target of Rs 193.50 and a stop loss of Rs 175.50'

Buy Voltas with a target of Rs 309: Sandeep Wagle

'Voltas Ltd is a conditional 'BUY' call with a target of Rs 309 and a stop loss of Rs 291'

Buy UltraTech Cement with a target of Rs 2,940 and a stop loss of Rs 2,830.

'UltraTech Cement Ltd is a conditional 'BUY' call with a target of Rs 2,940 and a stop loss of Rs 2,830'

Buy Strides Arcolab with a target of Rs 1,120: Prakash Gaba

'Strides Arcolab Ltd is a conditional 'BUY' call with a target of Rs 1,120 and a stop loss of Rs 1,070'