Stock Tips And Nifty Tips For 23/04/2014

NIFTY OUTLOOK FOR 23/04/2014

LOT OF CONSOLIDATION GOING ON
AGAIN BULLS SEE A CLOSE ABOVE 6800.
ABOVE 6822 ALL THE AREA NEW TO NIFTY.
6888 AND 6977 ARE THE WEEKLY
TARGETS FOR BULLS.

BUT FII’S REDUCING THE LAST HOUR BUYING.
DII’S SLOWLY STARTING SELLING.
MOMENTUM GETTING SLOW DOWN IN THE NIFTY
HOURLY CHART. TRADERS CAN WAIT FOR SOME
CORRECTION BEFORE TAKING POSITION TARGETING
16/05/2104.

REST REMAIN SAME AS FOLLOWS,
BIG ELECTIONS GOING ON.
Q4 RESULTS MEETING THE STREET EXPECTATIONS.
BUT INFLATION NUMBER GIVING RED SIGNALS.
GLOBAL MARKETS MUTED. AT ANYTIME CORRECTION
MAT START FROM GLOBAL FRONT.

NIFTY TRADING IN 6644-6822 RANGE.
CLOSE ABOVE 6822 WILL LEAD NIFTY TO 7000.
CLOSE BELOW 6644 WILL LEAD TO 6466.

WEEKLY PIVOT IS 6755.
ABOVE 6800, BULLS CAN TARGET 6888 AND 6977.
BELOW 6711, BEARS CAN TARGET 6622 AND 6533.

Buy KPIT Tech at a target of Rs 190: Mitesh Thacker 

"Buy KPIT Tech with a target of Rs 190 for stoploss of Rs 168."

Buy Hero MotoCorp at a target of Rs 2,300: Mitesh Thacker 

"Buy Hero MotoCorp with a target of Rs 2,300 for stoploss of Rs 2,246."

Buy Glenmark at a target of Rs 610: Ashwani Gujral 

"Buy Glenmark with a target of Rs 610 for stoploss of Rs 574."

Buy ICICI Bank at a target of Rs 1,340: Ashwani Gujral 

"Buy ICICI Bank with a target of Rs 1,340 for stoploss of Rs 1,285."

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Buy Axis Bank at a target of Rs 1,530: Ashwani Gujral 

"Buy Axis Bank with a target of Rs 1,530 for stoploss of Rs 1,496."