Stock Tips And Nifty Tips For 16/04/2014

NIFTY OUTLOOK FOR 16/04/2014

INFY STARTED RESULT SEASON WITH GOOD
SET OF NUMBERS. BUT INFLATION FEAR
AND ELECTION RUMORS HITS NIFTY.

NIFTY CLOSE AT 6733 BLOW THE WEEKLY
PIVOT NOW AT 6755. ANY CLOSE BELOW
6711 WILL BRING MORE BEARS AND MORE
DOWNSIDE.

BULLS HAVE SEE A CLOSE ABOVE 6800 FOR
ANOTHER UP MOVE.
THEN BULLS MAY TARGET 6844 AND 6933.

CLOSE BELOW 6711 WILL GIVE BREATH TO BEARS.
THEY HAVE 6666 AND 6577 AS TARGETS FOR
THIS WEEK.

SOME SELLING STARED FROM GLOBAL MARKETS.
NIFTY MAY TEST IMPORTANT MOVING AVERAGES,
BEFORE 06/05/2014. NOW 50DMA@6366 AND 200DMA@6071.

THIS 50DMA IS ALSO BREAK OUT POINT OF THE
ASCENDING TRIANGLE AND HAVING LOT OF CHANCES
FOR TO BE RE TESTED.

Buy Tata Communication with target price of Rs 320: Mitesh Thacker 

Tata Communication is a 'BUY' call with a target of Rs 320 and a stop loss of Rs 300.

Sell McLeod Russel with target price of Rs 253: Mitesh Thacker 

McLeod Russel is a 'SELL' call with a target of Rs 253 and a stop loss of Rs 281.

IT stocks to see more correction on the downside: Ashwani Gujral 

IT is going through a mild pullback, which could stay till 9650-9700 post which there could be more correction on the downside.

Buy TCS with target price of Rs 2275: Ashwani Gujral 

TCS is a 'BUY' call with a target of Rs 2275 and a stop loss of Rs 2200.

Buy Tata Communication with target price of Rs 324: Ashwani Gujral 

Tata Communication is a 'BUY' call with a target of Rs 324 and a stop loss of Rs 300.