Stock Tips and Nifty Tips 17/06/2015

NIFTY OUTLOOK FOR 17/06/2015

NIFTY BULLS ON THE RECOVERY MODE,
GREECE PROBLEM NOT AFFECTING THE BULLS,
SEE A CLOSE ABOVE 8022 AT 8047,
NOW THE PIVOT IS AT 8044,
SO ABOVE 8066 BULLS CAN TARGET 8177 AND 8266,

GREECE MAKING ALL THE MARKETS VOLATILE,
50DMA @8352 AND 200DMA@8355,
THIS DEVIL CROSS BRING NIFTY IN TO
THE BEARISH ZONE,

REST REMAIN SAME AS FOLLOWS,
PIVOT SLIP DOWN TO 8044,
BEARS ARE WAITING BELOW 8000,
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 8044,
ABOVE 8088 BULLS CAN TARGET 8222 AND 8311,
BELOW 8000 BEARS CAN TARGET 7844 AND 7755,

Sell HDFC Bank with a target of Rs 990: Prakash Gaba

'HDFC Bank is a 'SELL' call with a target of Rs 990 and a stop loss of Rs 1,015'

Sell BHEL with a target of Rs 240: Prakash Gaba

'BHEL is a 'SELL' call with a target of Rs 240 and a stop loss of Rs 247'

Sell Karnataka Bank with a target of Rs 120: Mitesh Thacker

'Karnataka Bank Ltd. is a 'SELL' call with a target of Rs 120 and a stop loss of Rs 130.25'

Sell Tata Steel with a target of Rs 274: Ashwani Gujral

'Tata Steel Ltd. is a 'SELL' call with a target of Rs 274 and a stop loss of Rs 300'

Sell Arvind with a target of Rs 210: Ashwani Gujral

'Arvind Ltd. is a 'SELL' call with a target of Rs 210 and a stop loss of Rs 226'