Stock Tips and Nifty Tips 08/06/2015

NIFTY OUTLOOK FOR 08/06/2015

NIFTY ENTERING IN TO BEARISH ZONE,
8000 IS THE GOOD SUPPORT,
ANY TWO CLOSES BELOW 8000 WILL LEAD NIFTY TO 7511,

LAST WEEK NIFTY CLOSES AT 8114,
PIVOT PLACED AT 8222,
BULLS NEED A CLOSE ABOVE 8266 FOR ANOTHER UP MOVE,
BULLS NEED A CLOSE ABOVE 8511 TO AVOID 7511,

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 Power Grid with a target of Rs 155: Mitesh Thacker

'Power Grid is a 'BUY' call with a target of Rs 155 and a stop loss of Rs 143'

Buy Coal India with a target of Rs 450: Mitesh Thacker

'Coal India is a 'BUY' call with a target of Rs 450 and a stop loss of Rs 393'

Buy ONGC with a target of Rs 321: Ashwani Gujral

'ONGC is a 'BUY' call with a target of Rs 321 and a stop loss of Rs 304'

Buy Mastek with a target of Rs 478: Ashwani Gujral

'Mastek is a 'BUY' call with a target of Rs 478 and a stop loss of Rs 457'

Buy Gati with a target of Rs 210: Ashwani Gujral

'Gati is a 'BUY' call with a target of Rs 210 and a stop loss of Rs 155'