Stock Tips And Nifty Tips For 09/05/2014

NIFTY OUTLOOK FOR 09/05/2014

BULLS ARE NOT ABLE TO SUSTAIN THE EARLY
GAINS. SLIP FROM 6688 DOWN LEVEL.
AGAIN NIFTY GET SUPPORT FROM 6644-22 LEVEL.
THIS IS LOWER END OF THE 6822-6644 RANGE.

ON FRIDAY,
BULLS HAVE TO DEFEND 6622 ON CLOSING BASIS.
ANY CLOSE BELOW 6622 WILL LEAD NIFTY TO
6444-6466 LEVEL.

AS POSTED HERE,
MARKETS ARE LEAD BY NEWS FLOWS AS
BIG ELECTION IS GOING ON.
TAKING MINIMUM POSITION IS GOOD FOR TRADERS.

WEEKLY PIVOT IS 6711.
ABOVE 6755, BULLS CAN TARGET 6800 AND 6888.
BELOW 6666, BEARS CAN TARGET 6622 AND 6533.

Buy DCM Shriram with a target of Rs 122: Sandeep Wagle 

DCM Shriram is a 'BUY' call with a target of Rs 122 and a stop loss of Rs 104.

Buy Arvind with a target of Rs 206: Sandeep Wagle 

Arvind is a 'BUY' call with a target of Rs 206 and a stop loss of Rs 191.

Sell Canara Bank with a stop loss of Rs 278.50: Sandeep Wagle 

Canara Bank is a 'BUY' call with a target of Rs 264 and a stop loss of Rs 280.

Buy Tata Chemical with a target of Rs 299: Ashwani Gujral 

Tata Chemical is a 'BUY' call with a target of Rs 299 and a stop loss of Rs 283.

Sell UPL with a stop loss of Rs 276: Ashwani Gujral 

UPL is a 'SELL' call with a target of Rs 258 and a stop loss of Rs 276.