Stock Tips and Nifty Tips 02/06/2015

NIFTY OUTLOOK FOR 02/06/2015

NIFTY CLOSES FLAT,
DOLLAR INDEX AGAIN ON THE WAY TO 100,
IT SECTOR LIFTING NIFTY,
RBI POLICY ON THE WAY,
VOLATILE MOVES EXPECTED ON TUESDAY,

PIVOT IS NOW AT 8377,
SO THIS CLOSE ABOVE 8422 GIVE THE CONTROL
TO BULLS, BULLS HAVE WEEKLY TARGET AT 8644,

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

BEARS ARE WAITING BELOW 8377,
ANY CLOSE BELOW 8333 WILL BRING MORE BEARS,

BEARS ARE ALSO FOLLOWING ONE PATTERN,
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 8377,
ABOVE 8422 BULLS CAN TARGET 8555 AND 8644,
BELOW 8333 BEARS CAN TARGET 8200 AND 8111,

Buy Mastek Ltd. with a target of Rs 465: Ashwani Gujral

'Mastek Ltd. is a 'BUY' call with a target of Rs 465 and a stop loss of Rs 438'

Buy Prestige Estates with a target of Rs 275: Ashwani Gujral

'Prestige Estates Ltd. is a 'BUY' call with a target of Rs 275 and a stop loss of Rs 250'

Buy Indiabulls Housing Finance with a target of Rs 625: Ashwani Gujral

'Indiabulls Housing Finances Ltd. is a 'BUY' call with a target of Rs 625 and a stop loss of Rs 590'

Buy Prestige Estates with a target of Rs 275: Ashwani Gujral

'Prestige Estates Ltd. is a 'BUY' call with a target of Rs 275 and a stop loss of Rs 250'

Buy Havells India with a target of Rs 283: Prakash Gaba

'Havells India Ltd. is a 'BUY' call with a target of Rs 283 and a stop loss of Rs 273'