Stock Tips And Nifty Tips For 01/04/2014

NIFTY OUTLOOK FOR 01/04/2014

ALL THE EYES ON RBI.
SOME RATE CUTS ON CARD.
ON FRIDAY BANK NIFTY TOUCHED 12850.
BULLS MAY TOUCH 13000 IF ANY GOOD MOVES
FROM RBI.

NIFTY UNDER CONSOLIDATION.
AS ALL THE AREA ARE NEW HIGH FROM HERE,
NO PROPER RESISTANCE CAN BE GIVEN.
BUT 6733-55 SEEMS GOOD SPOT FOR BULLS
TO BOOK PROFITS AND EXIT FROM LONGS.

AS POSTED HERE,
BULLS SEE A CLOSE ABOVE 6355 TODAY, AND
THIS IS THE CONFIRMATION OF,
THE BREAK OUT OF THE ASCENDING TRIANGLE,
WHICH IS FORMED IN NIFTY MONTHLY CHART.

PERFECT TARGET FOR THIS BREAK OUT
IS (6357-2252+6357=10457).

BUT RETESTING THE BREAK OUT LEVEL AND
VOLATILE MOVES ARE WAITING FOR US UP TO
13/04/2014.

THE WEEKLY PIVOT IS NOW 6644.
ALL THE CLOSES ABOVE 6644 ARE BULLS AREA.
6733 AND 6822 ARE THE DREAM DESTINATIONS
FOR BULLS.

BEARS HAVE NO JOB TO DO ABOVE 6644.
AFTER A CLOSE BELOW 6600 BEARS WILL GET ACTIVE.
6511 AND 6422 ARE THE TARGETS FOR BEARS.

Buy McLeod Russel with a target of Rs 325: Sandeep Wagle 

McLeod Russel is a ‘BUY’ call with a target of Rs 325 and a stop loss of Rs 300.

Buy Hindustan Zinc with a target of Rs 137: Sandeep Wagle 

Hindustan Zinc is a ‘BUY’ call with a target of Rs 137 and a stop loss of Rs 124.

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Buy Vakrangee Software with a target of Rs 117: Sandeep Wagle 

Vakrangee Software is a ‘BUY’ call with a target of Rs 117 and a stop loss of Rs 94.50.

Buy McLeod Russel with a target of Rs 325: Ashwani Gujral 

McLeod Russel is a ‘BUY’ call with a target of Rs 325 and a stop loss of Rs 300.

Sell Crompton Greaves with a target of Rs 147: Ashwani Gujral 

Crompton Greaves is a ‘SELL’ call with a target of Rs 147 and a stop loss of Rs 161.

Buy Glenmark with a target of Rs 575: Ashwani Gujral 

Glenmark is a ‘BUY’ call with a target of Rs 575 and a stop loss of Rs 550.