Stock Tips and Nifty Tips 05/06/2015

NIFTY OUTLOOK FOR 05/06/2015

NIFTY CLOSES FLAT AFTER TESTING THE LOW OF 8056,
WE CAN HOPE FOR A PULL BACK UP TO 8264,
IF NIFTY AGAIN SLIP BELOW 8066 THEN
ANOTHER 250POINTS DOWNSIDE ON CARD,

THE PIVOT SLIP DOWN TO 8222,
NOW ALL THE CLOSES BELOW 8222 ARE
BEARS AREA AND THEY ARE MOVING TOWARDS 8066,
BULLS HAVE TO SEE A CLOSE ABOVE
8266 FOR ANOTHER UP MOVE,

BEARS HAVE 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 8222,
ABOVE 8266 BULLS CAN TARGET 8400 AND 8488,
BELOW 8177 BEARS CAN TARGET 8044 AND 7955,

Buy Britannia with a target of Rs 2,750: Ashwani Gujral

'Britannia Ltd. is a 'BUY' call with a target of Rs 2,750 and a stop loss of Rs 2,500'

Sell PNB with a target of Rs 134: Ashwani Gujral

PNB Ltd. is a 'SELL' call with a target of Rs 134 and a stop loss of Rs 148.

Sell Cipla with a target of Rs 605: Ashwani Gujral

'Cipla Ltd. is a 'SELL' call with a target of Rs 605 and a stop loss of Rs 630'

Sell Union Bank with a target of Rs 150: Ashwani Gujral

'Sell Union Bank with a target of Rs 150 and a stop loss of Rs 162'

Sell REC with a target of Rs 275: Ashwani Gujral

'REC Ltd. is a 'SELL' call with a target of Rs 275 and a stop loss of Rs 290'