Stock Tips and Nifty Tips 16/06/2015

NIFTY OUTLOOK FOR 16/06/2015

BULLS GET SUPPORT FROM FRIDAY’S LOW,
MANAGE TO SEE A CLOSE ABOVE 8000 AT 8013,
GREECE MAKING ALL THE MARKETS VOLATILE,

50DMA @8353 AND 200DMA@8354,
THIS DEVIL CROSS BRING NIFTY IN TO
THE BEARISH ZONE,

REST REMAIN SAME AS FOLLOWS,
PIVOT SLIP DOWN TO 8022,
BEARS ARE ACTIVE BELOW 8022,
7844 AND 7755 ARE THE WEEKLY TARGETS,

BULLS NEED A CLOSE ABOVE 8066 TO TERMINATE
THE TARGETS OS BEARS,

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 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 8022,
ABOVE 8066 BULLS CAN TARGET 8200 AND 8288,
BELOW 7977 BEARS CAN TARGET 7844 AND 7755,

Buy Zee Entertainment with a target of Rs 356: Mitesh Thacker

'Zee Entertainment Ltd. is 'BUY' call with a target of Rs 356 and a stop loss of Rs 334'

Buy Cairn India with a target of Rs 199: Mitesh Thacker

'Cairn India Ltd. is 'BUY' call with a target of Rs 199 and a stop loss of Rs 183.50'

Buy HDFC with a target of Rs 1,227: Prakash Gaba

'HDFC is 'BUY' call with a target of Rs 1,227 and a stop loss of Rs 1,187'

Buy Bata India with a target of Rs 1,040: Prakash Gaba

'Bata India is 'BUY' call with a target of Rs 1,040 and a stop loss of Rs 990'

Sell Bank of Baroda with a target of Rs 140: Prakash Gaba

'Bank of Baroda is 'SELL' call with a target of Rs 140 and a stop loss of Rs 147'