Stock Tips And Nifty Tips For 20/01/2014

NIFTY OUTLOOK FOR 20/01/2014

THE PIVOT POINT FOR THE WEEK
AHEAD IS 6266. NIFTY CLOSES AT
6261 ON FRIDAY.

SIMPLE TECHNICAL TELLS US,
ABOVE 6311 BULLS CAN TARGET 6444.
BELOW 6222 BEARS CAN TARGET 6088.

FROM 10NTH DECEMBER NIFTY TRADING
IN THE RANGE OF 6129-6359.

SO, THE TARGET AFTER,
BREAKING ABOVE 6359 IS 6789.
BREAKING BELOW 6129 IS 5700.

NOW THE LONG TERM TERM MONTHLY
TREND LINE PLACED AT 5400.

WE HOPE FOR A RETESTING OF THIS
LINE ONCE AGAIN BEFORE MAKING
MAJOR BREAK OUT.

Buy IOC with a target of Rs 235: Mitesh Thacker 

Buy IOC with a target of Rs 235 and a stop loss of Rs 219: Mitesh Thacker.

Sell Indiabulls Realty with a target of Rs 60: Mitesh Thacker 

Sell Indiabulls Realty with a target of Rs 60 and a stop loss of Rs 66.50: Mitesh Thacker.

Market may suffer as mid caps fail to make gains: Ashwani Gujral 

Earlier we used to have a decent market breadth 1:1 types and may be some large caps used to fall etc, but midcaps used to hold on.

Buy BPCL with a target of Rs 360: Ashwani Gujral 

Buy BPCL with a target of Rs 360 and a stop loss of Rs 335: Ashwani Gujral.

Sell Arvind Ltd with a target of Rs 134: Ashwani Gujral. 

Sell Arvind Ltd with a target of Rs 134 and a stop loss of Rs 148: Ashwani Gujral.

Sell Tech Mahindra with a target of Rs 1765: Ashwani Gujral 

Sell Tech Mahindra with a target of Rs 1765 and a stop loss of Rs 1810: Ashwani Gujral.

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Note : Market updates will not be available in this blog till 26-01-2014.