Stock Tips And Nifty Tips For 09/01/2014

NIFTY OUTLOOK FOR 09/01/2014

TIGHT RANGE TRADING DAY.
NIFTY CLOSES AT 6174.
BIG MOVES EXPECTED ON FRIDAY.

6155 SEEMS GOOD SUPPORT FOR BULLS.
BELOW 6155,
6111 ANS 6066 ARE THE TARGETS
FOR 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 6200 TO APPLY BREAK ON BEARS MOVE.
A CLOSE ABOVE 6244 NEEDED FOR BULLS TO
TAKE THE DRIVER SEAT OF THE MARKET.

Sell IDFC with a target of Rs 97: Mitesh Thacker 

Sell IDFC with a target of Rs 97 and a stop loss of Rs 105: Mitesh Thacker.

Buy GAIL with a target of Rs 358: Mitesh Thacker 

Buy GAIL with a target of Rs 358 and a stop loss of Rs 340: Mitesh Thacker.

Buy Allahabad Bank with a target of Rs 103: Mitesh Thacker 

Buy Allahabad Bank with a target of Rs 103 and a stop loss of Rs 95.50: Mitesh Thacker.

Buy PSL with a target of Rs 26: Ashwani Gujral 

Buy PSL with a target of Rs 26 and a stop loss of Rs 18: Ashwani Gujral.

Buy Heritage Foods with a target of Rs 240: Ashwani Gujral 

Buy Heritage Foods with a target of Rs 240 and a stop loss of Rs 215: Ashwani Gujral.