Stock Tips and Nifty Tips 22/07/2015

NIFTY OUTLOOK FOR 22/07/2015

INFY POST GOOD SET OF NUMBERS,
BUT BULLS ARE NOT USING THE SAME,
UNREST IN PARLIAMENT HITS NIFTY,
NIFTY CLOSES AT 8529 AFTER MAKING LOW OF 8518,

MORE BEARS ARE WAITING BELOW 8488,
BULLS HAVE TO DEFEND 8488 ON CLOSING BASIS,

BULLS NEED A CLOSE ABOVE 8577,
ABOVE 8577 BULLS CAN MOVE TOWARDS 9038,
8711-33 IS THE NEXT IMPORTANT RESISTANCE,
8800 IS THE WEEKLY TARGET FOR BULLS,

AS POSTED HERE,
GURU SHIFTED IN TO THE SIMMAM HOME,
GURU WILL SAIL IN SIMMAM HOME UP TO 21/12/2015,
ON 22/12/2015 GURU WILL SHIFT IN TO KANYA HOME,
IN 5.5 MONTHS GURU WILL PASS OVER SIMMAM HOME,
NORMALLY IT WILL TAKE ONE YEAR,

THIS EXPRESS MOVE WILL BRING FAST GREEN TO EQUITY
MARKETS, NIFTY WILL SET RECORD HIGH BEFORE 21/12/2015,
BANK NIFTY WILL CONTRIBUTE MORE AND MORE,
AVOID SHORTING NIFTY AND BANK NIFTY UP TO 21/12/2015,

THE FOLLOWING DOUBLE BOTTOM
PATTERN IS VALID NOW,
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 BOTTOM PATTERN IN DAILY CHART,
SO ABOVE 8489 BULLS CAN TARGET 9038,

AS PER TECHNICAL,
NOW THE WEEKLY PIVOT IS 8533,
ABOVE 8577 BULLS CAN TARGET 8711 AND 8800,
BELOW 8488 BEARS CAN TARGET 8355 AND 8266,

Buy HCL with a target of Rs 1,025: Mitesh Thacker

HCL Tech Ltd. is a 'BUY' call with a target of Rs 1,025 and a stop loss of Rs 964.

Buy Bharti Airtel with a target of Rs 470: Mitesh Thacker

'Bharti Airtel Ltd. is a 'BUY' call with a target of Rs 470 and a stop loss of Rs 435'

Sell IDBI Bank with a target of Rs 60: Mitesh Thacker

'IDBI Bank Ltd. is a 'SELL' call with a target of Rs 60 and a stop loss of Rs 65.50'

Buy Ashok Leyland with a target of Rs 84: Prakash Gaba

'Ashok Leyland Ltd. is a 'BUY' call with a target of Rs 84 and a stop loss of Rs 78'

Buy Idea Cellular with a target of Rs 188: Prakash Gaba

'Idea Cellular Ltd. is a 'BUY' call with a target of Rs 188 and a stop loss of Rs 183'