Stock Tips and Nifty Tips 02/07/2015

NIFTY OUTLOOK FOR 02/07/2015

BULLS ARE PAYING THE INNINGS,
SEE A CLOSE ABOVE 8400 AT 8453,
STILL GREECE THREAD NOT YET OVER,
BUT GLOBAL MARKETS SHOW SOME RECOVERY,

PIVOT MOVE UP TO 8377,
THIS 8377-8400 LEVEL MAY RE-TESTED BEFORE
FURTHER UP MOVE,
ALL THE CLOSES ABOVE 8377 ARE BULLS AREA,
ABOVE 8377 BULLS CAN MOVE TOWARDS 8600,

THE 200DMA IS AT 8374 AND
50DMA IS AT 8256,
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 8377,
ABOVE 8377 BULLS CAN TARGET 8511 AND 8600,
BELOW 8288 BEARS CAN TARGET 8155 AND 8044,

Buy IDFC with a target of Rs 162: Mitesh Thacker

'IDFC Ltd. is a 'BUY' call with a target of Rs 162 and a stop loss of Rs 150'

Buy Idea Cellular with a target of Rs 190: Mitesh Thacker

'Idea Cellular Ltd. is a 'BUY' call with a target of Rs 190 and a stop loss of Rs 176.50'

Buy Union Bank with a target of Rs 165: Mitesh Thacker

'Union Bank Ltd. is a 'BUY' call with a target of Rs 165 and a stop loss of Rs 150'

Buy Ambuja Cements with a target of Rs 250: Sandeep Wagle

'Ambuja Cements Ltd. is a 'BUY' call with a target of Rs 250 and a stop loss of Rs 230'

Sell Nestle India with a target of Rs 6,100: Prakash Gaba

'Nestle India Ltd. is a 'SELL' call with a target of Rs 6,100 and a stop loss of Rs 6,425'