Stock Tips And Nifty Tips For 29/04/2014

NIFTY OUTLOOK FOR 29/04/2014

NO HOPES ON BOTH SIDE.
GLOBAL TRENDS NOT SUPPORTING.
NIFTY CLOSES BELOW 6800 AT 6761.
BEARS WILL GET ACTIVE BELOW 6755.

NIFTY TRADING IN THE 6644-6822 RANGE.
SO CLOSE ABOVE 6844 NEEDED FOR BULLS
TO MOVE TOWARDS, 6888 AND 6977.

GLOBAL MARKETS START TO CORRECT.
FII’S REDUCING THE LAST HOUR BUYING.
DII’S SLOWLY STARTING SELLING.

MOMENTUM SLIPPING DOWN IN THE NIFTY
HOURLY CHART. TRADERS CAN WAIT FOR SOME
CORRECTION UP TO 06/05/2014 BEFORE TAKING
POSITION TARGETING 16/05/2104.

WEEKLY PIVOT IS 6800.
ABOVE 6844, BULLS CAN TARGET 6888 AND 6977.
BELOW 6755, BEARS CAN TARGET 6711 AND 6622.

NTPC and NDMC hold good value: Nischal Maheshwari 

NTPC and NMDC are under valued stocks in the market and both of them have great value. NTPC is around 4.5% to 5% dividend yield also similarly NMDC.

Sun Pharma with a target of Rs 648: Mitesh Thacker 

"Sun Pharma is a ‘BT/ST’ call with a target of Rs 648 and a stop loss of Rs 625."

Buy Tata Chemical with a target of Rs 312: Mitesh Thacker 

"Tata Chemicalis a ‘Buy’ call with a target of Rs 312 and a stop loss of Rs 288."

Banking stocks continue to do well: Mitesh Thacker 

There is some recovery in Kotak and ICICI Bank and the PSU banks continue to do well. If the Bank Nifty show strength beyond 13350 that could be a good breakout level.

Sell ACC with a stop loss of Rs 1300: Ashwani Gujral 

"ACC is a ‘Sell’ call with a target of Rs 1245 and a stop loss of Rs 1300."

Buy Tata Chemical with a target of Rs 303: Ashwani Gujral 

"Tata Chemical is a ‘Buy’ call with a target of Rs 303 and a stop loss of Rs 286."