Stock Tips and Nifty Tips 26/05/2015

NIFTY OUTLOOK FOR 26/05/2015

BULLS ARE NOT ABLE TO SUSTAIN ABOVE 8400,
NIFTY CLOSES AT 8370,
NEXT SUPPORT IS AT 8333-55 LEVEL,
THE PIVOT IS AT 8400,

ANY CLOSE BELOW 8333 WILL BRING MORE
BEARS AND MORE DOWN SIDE,
BULLS HAVE TO SEE A CLOSE ABOVE 8444 FOR
ANOTHER UP MOVE,

THE FOLLOWING PATTERN STILL VALID,
A CLOSE ABOVE 8555 WILL CONFIRM THE TARGET,
NIFTY FORMING DOUBLE BOTTOM PATTERN IN HOURLY
CHART, BREAKING ABOVE 8355 WILL LEAD
NIFTY TO THE TARGET OF 8716,

BEARS ARE WAITING BELOW 8400,
ANY CLOSE BELOW 8355 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 8400,
ABOVE 8444 BULLS CAN TARGET 8577 AND 8666,
BELOW 8355 BEARS CAN TARGET 8222 AND 8133,

Sell Hindalco with a target of Rs 127: Mitesh Thacker

'Hindalco Ltd. is a 'SELL' call with a target of Rs 127 and a stop loss of Rs 137.80'

Sell Cipla with a target of Rs 640: Mitesh Thacker

'Cipla Ltd. is a 'SELL' call with a target of Rs 640 and a stop loss of Rs 675'

Buy Dish TV with a target of Rs 93: Ashwani Gujral

'Dish TV Ltd. is a 'BUY' call with a target of Rs 93 and a stop loss of Rs 81'

Buy Voltas with a target of Rs 335: Ashwani Gujral

'Voltas Ltd. is a 'BUY' call with a target of Rs 335 and a stop loss of Rs 318'

Sell Reliance Capital with a target of Rs 375: Ashwani Gujral

'Reliance Capital is a 'SELL' call with a target of Rs 375 and a stop loss of Rs 400'