Stock Tips And Nifty Tips For 07/01/2014

NIFTY OUTLOOK FOR 07/01/2014

NIFTY CLOSES BELOW 6200 AT 6191.
BEARS ARE ACTIVE NOW.
ALL THE RISES UP TO 6288 WILL BE
AGAIN SHORTED BY BEARS.

IN THE LAST FOUR MONTHS,
NIFTY MAKE A 1297 POINTS RALLY
FROM THE LOW 5118 TO THE HIGH 6415.
WEEKLY CLOSE BELOW 6266 IS A SIGNAL FOR
CORRECTION.

38.2% CORRECTION GIVE US THE TARGET 5919.
THE LONG TERM TREND LINE IS NOW PLACED AT
5511 IN THE MONTHLY CHART.

FOR THIS WEEK AHEAD,
6244 IS THE PIVOT. ALL THE CLOSES BELOW
6244 ARE BEARS AREA. 6155, 6066, AND 5955
ARE THE TARGETS FOR BEARS.

ON THE UP SIDE,
BULLS HAVE TO SEE A CLOSE
ABOVE 6244 TO APPLY BREAK ON BEARS MOVE.
A CLOSE ABOVE 6288 NEEDED FOR BULLS TO
TAKE THE DRIVER SEAT OF THE MARKET.

Sell REC with a target of Rs 196: Ashwani Gujral 

Sell REC with a target of Rs 196 and a stop loss of Rs 211: Ashwani Gujral.

Buy Sun Pharma with a target of Rs 615: Ashwani Gujral 

Buy Sun Pharma with a target of Rs 615 and a stop loss of Rs 580: Ashwani Gujral.

Buy JSW Steel with a target of Rs 1075: Ashwani Gujral 

Buy JSW Steel with a target of Rs 1075 and a stop loss of Rs 1020: Ashwani Gujral.