Stock Tips And Nifty Tips For 08/01/2014

NIFTY OUTLOOK FOR 08/01/2014

RED, RANGE, AND VOLATILE MOVES
SEEN IN NIFTY. CLOSES AT 6162.
6111 ANS 6066 ARE THE TARGETS
FOR BEARS.

BULLS HAVE TO SEE A CLOSE ABOVE
6244 FOR SOME BREATH.

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 Tata Steel with a target of Rs 385: Ashwani Gujral 

Tata Steel is a sell call with a target of Rs 385 and a stop loss of Rs 407.

Buy Maruti with a target of Rs 1900: Ashwani Gujral 

Maruti is a buy call with a target of Rs 1900 and a stop loss of Rs 1825.

6150-6140 an important level to watch out for: Mitesh Thacker 

In the next couple of days, as we start the result season, we might see some kind of directional move happening in the markets.