Stock Tips And Nifty Tips For 12/03/2014

NIFTY OUTLOOK FOR 12/03/2014

MILD CORRECTION WITH SIDEWAY MOVES SEEN.
NIFTY CLOSES AT 6511. GLOBAL TRENDS
NOT SUPPORTING BULLS.

AS POSTED EARLIER,
AGAIN TAPERING FEAR STARS IN US.
ASIAN MARKETS GET READY FOR CORRECTION.
SO LOT OF VOLATILE MOVES EXPECTED.

AS, 6355 IS BREAK OUT POINT, NIFTY MAY
RE-TEST THIS LEVEL BEFORE MAKING
ANOTHER UP MOVE.

ALL THE REST REMAIN SAME,
FIRST TIME BULLS SEE A WEEKLY CLOSE
ABOVE 6400 AT 6526. BUT FOR THE MAJOR
BREAK OUT OF THE ASCENDING TRIANGLE
PATTERN FORMED IN MONTHLY CHART
NEED A MONTHLY CLOSE ABOVE 6355.

BULLS GAINED LOT OF MOMENTUM TO
MOVE TOWARDS 6600 AND 6688.
BUT SOME PROFIT BOOKING EXPECTED
BEFORE THAT MOVE.

NOW THE WEEKLY PIVOT IS 6422.
ALL THE CLOSE ABOVE 6422 ARE BULLS
AREA. THEY HAVE 6600 AND 6688 TARGETS.

BEARS CAN BREATH BELOW 6422.
BELOW 6422, BEARS HAVE 6333 AND 6244
AS TARGETS.

Buy Grasim with a target of Rs 2915: Sandeep Wagle  Grasim is a ‘BUY’ call with a target of Rs 2915 and a stop loss of Rs 2750. Sell Tata Steel with a target of Rs 346: Sandeep Wagle  Tata Steel is a ‘SELL’ call with a target of Rs 346 and a stop loss of Rs 354. Sell Sun Pharma with target price of Rs 570: Prakash Gaba  Sun Pharma is a 'SELL' call with a target of Rs 570 and a stop loss of Rs 590. Buy Reliance Capital with target price of Rs 348: Prakash Gaba  Reliance Capital is a 'BUY' call with a target of Rs 348 and a stop loss of Rs 336.