Stock Tips And Nifty Tips For 20/03/2014

NIFTY OUTLOOK FOR 20/03/2014

STILL NIFTY HOVERING AT 6511-55 LEVEL.
NEED A CLEAR SIGNAL FROM NEWS FLOW OR
FROM THE GLOBAL FRONT.
BUT BIG BREAK OUT/DOWN EXPECTED BEFORE
FRIDAY OF THIS WEEK.

THE WEEKLY PIVOT IS 6511.
CLOSE ABOVE 6555 NEEDED
FOR BULLS FOR NEXT MOVE TOWARDS 6688.

ALL THE FOLLOWING REMAIN SAME,
THE LONG LEGGED DOJI FORMED IN THE
NIFTY WEEKLY CHART INDICATES THAT THE
PAST RALLY GETTING OVER.

THE WEEKLY PIVOT IS 6511.
SO ABOVE 6555 BULLS CAN TARGET 6600 AND 6688.
BELOW 6466 BEARS CAN TARGET 6377 AND 6288.

AS POSTED HERE, FOR THE MAJOR
BREAK OUT OF THE ASCENDING TRIANGLE
PATTERN FORMED IN MONTHLY CHART,
NEED A MONTHLY CLOSE ABOVE 6355.

Buy Tata Steel with a target of Rs 366: Prakash Gaba 

Tata Steel has a base formation, breakout at levels closer to Rs 346 or Rs 347 zones, can climb to levels closer to Rs 366.

Buy Sesa Sterlite with a target of Rs 181: Prakash Gaba 

I like the basic structure near the lows, given a breakout at levels closer to Rs 175 or so. I would have a stop below Rs 181.

...........................................................................

Buy Cummins with a target of Rs 610: Prakash Gaba 

Cummins certainly is looking good to me, structurally positive, strong support around 570 zones, can climb to levels closer to 610.

Sell Wipro with a target of Rs 510: Ashwani Gujral 

Wipro is a sell with a stop of Rs 550 and a target of Rs 510.