Stock Tips and Nifty Tips 1/07/2015

NIFTY OUTLOOK FOR 01/07/2015

BULLS ARE BOUNCING FROM 8200 LEVELS,
8177-8200 LOOKS LIKE GOOD SUPPORT,
DUE TO GREECE PROBLEM,
OTHER GLOBAL MARKETS GETTING VOLATILE,

PIVOT PLACED AT 8333,
SO ALL THE CLOSES ABOVE 8377 ARE BULLS AREA,
ABOVE 8377 BULLS CAN MOVE TOWARDS 8600,

THE 200DMA IS AT 8372 AND
50DMA IS AT 8255,
THE 200DMA IS ABOVE 50DMA,
BEARS MAY STRIKE AT ANY TIME,

BEARS ARE FOLLOWING ONE PATTERN,
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 TOP PATTERN,
BELOW 8472, (9119-8470=649) (8470-649=7821)
THIS PATTERN HAVE THE TARGET AT 7821,

NOW BULLS ARE ALSO HAVING ONE PATTERN,
THE LOW OF NIFTY ON 07/05/2015 WAS 8057,
THE HIGH OF NIFTY ON 22/05/2015 WAS 8489,
AGAIN NIFTY MADE A LOW OF 7940 ON 15/06/2015,
THIS IS FORMING DOUBLE TOP PATTERN IN DAILY CHART,
SO ABOVE 8489 BULLS CAN TARGET 9038,

AS PER TECHNICAL,
NOW THE WEEKLY PIVOT IS 8333,
ABOVE 8377 BULLS CAN TARGET 8511 AND 8600,
BELOW 8288 BEARS CAN TARGET 8155 AND 8044,

Buy Divi's Labs with a target of Rs 1,900: Mitesh Thacker

'Divi's Labs Ltd. is a 'BUY' call with a target of Rs 1,900 and a stop loss of Rs 1,839'

Sell JSW Energy with a target of Rs 88: Ashwani Gujral

'JSW Energy Ltd. is a 'SELL' call with a target of Rs 88 and a stop loss of Rs 101'

Buy Coal India with a target of Rs 440: Ashwani Gujral

'Coal India Ltd. is a 'BUY' call with a target of Rs 440 and a stop loss of Rs 415'

Buy Zee Entertainment with a target of Rs 380: Sandeep Wagle

'Zee Entertainment Ltd. is a 'BUY' call with a target of Rs 380 and a stop loss of Rs 357'

Buy Lupin with a target of Rs 1,930: Sandeep Wagle

'Lupin Ltd. is a 'BUY' call with a target of Rs 1,930 and a stop loss of Rs 1,850'