Stock Tips And Nifty Tips For 04/04/2014

NIFTY OUTLOOK FOR 04/04/2014

NIFTY TOUCH 6777 BY A GAP UP AND
SLIP BELOW 6700 FROM 6777.
CLOSES AT 6736.

IF NIFTY SUSTAIN ABOVE 6755, THEN BULLS
CAN BRING NEW TARGETS 6800 AND 6844.
BULLS CAN PLAY THE INNINGS AS LONG AS
NIFTY CLOSES ABOVE 6688.

AS POSTED HERE,
BULLS SEE A MONTHLY CLOSE ABOVE 6355 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 SHIFTING TO 6688.
ALL THE CLOSES ABOVE 6688 ARE BULLS AREA.

BEARS HAVE NO JOB TO DO ABOVE 6688.
AFTER A CLOSE BELOW 6644 BEARS WILL GET ACTIVE.
6555 AND 6466 ARE THE TARGETS FOR BEARS.

Buy UPL Ltd with a target of Rs 220: Mitesh Thacker 

UPL Ltd is a 'BUY' call with a target of Rs 220 and a stop loss of Rs 190.

Sell Mahindra & Mahindra Ltd with a target of Rs 233: Mitesh Thacker 

Mahindra & Mahindra is a 'SELL' call with a target of Rs 233 and a stop loss of Rs 250.5.

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Sell Power Finance Corporation Ltd with a target of Rs 175: Ashwani Gujral 

Power Finance Corporation Ltd is a ‘SELL’ call with a target of Rs 175 and a stop loss of Rs 192.

Buy Colgate-Palmolive (India) Ltd with a target of Rs 1,430: Ashwani Gujral 

Colgate-Palmolive (India) Ltd is a 'BUY' call with a target of Rs 1,430 and a stop loss of Rs 1,365.

Buy Aurobindo Pharma Ltd with a target of Rs 585: Ashwani Gujral 

Aurobindo Pharma Ltd is a 'BUY' call with a target of Rs 585 and a stop loss of Rs 563.