Stock Tips and Nifty Tips 12/06/2015

NIFTY OUTLOOK FOR 12/06/2015

AGAIN CHINA FEAR STRIKE NIFTY,
TECHNICAL PULL BACK TERMINATED,
FII’S SELL LIKE ANYTHING,
DII’S FISHING AT BOTTOM,
NIFTY CLOSE BELOW 7977-8000 LEVEL AT 7965,

ANOTHER CLOSE BELOW 7977 WILL LEAD NIFTY TO 7511,
7821 WILL BE THE FIRST TARGET,

PIVOT SLIP DOWN TO 8044,
BULLS HAVE TO SEE A CLOSE ABOVE 8088,
TO APPLY BREAKS ON THE BEARS 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 8044,
ABOVE 8088 BULLS CAN TARGET 8222 AND 8311,
BELOW 8000 BEARS CAN TARGET 7866 AND 7777,

Buy HUL with a target of Rs 860: Sandeep Wagle

'HUL Ltd. is a 'BUY' call with a target of Rs 860 and a stop loss of Rs 815'

Buy Dish TV with a target of Rs 110: Sandeep Wagle

'Dish TV Ltd. is a 'BUY' call with a target of Rs 110 and a stop loss of Rs 100'

Buy Biocon with a target of Rs 475: Mitesh Thacker

'Biocon Ltd. is a 'BUY' call with a target of Rs 475 and a stop loss of Rs 450'

Buy TVS Motor with a target of Rs 240: Mitesh Thacker

'TVS Motor Ltd. is a 'BUY' call with a target of Rs 240 and a stop loss of Rs 224'

Buy Engineers India with a target of Rs 220: Mitesh Thacker

'Engineers India Ltd. is a 'BUY' call with a target of Rs 220 and a stop loss of Rs 200'