Stock Tips and Nifty Tips 11/07/2014

NIFTY OUTLOOK FOR 11/07/2014

BUDGET BRINGS VOLATILE MOVES.
BEARS USE THE BOUNCE IN THE MORNING HOURS
TO SHORT THE MARKET.

7807 SEEMS BIG BIG RESISTANCE.
NIFTY NEED BIG CORRECTION BEFORE
JUMPING OVER 7807.
GLOBAL MARKETS ALSO GIVING SIGNAL
FOR TREND REVERSAL.

NOW THE WEEKLY PIVOT PLACED AT 7644.
BULLS HAVE TO SEE A CLOSE ABOVE 7688
FOR ANOTHER UP MOVE.

BEARS GETTING ACTIVE BELOW 7644.
7511 AND 7422 ARE THE WEEKLY TARGET FOR BEARS.

AS PER TECHNICAL,
NOW THE WEEKLY PIVOT IS 7644.
ABOVE 7688 BULLS CAN TARGET 7777 AND 7866.
BELOW 7600 BEARS CAN TARGET 7511 AND 7422.

Buy REC with a target of Rs 390: Ashwani Gujral 

"REC is a 'BUY' call with a target of Rs 390 and a stop loss of Rs 360."

7,500 level remains under threat: Ashwani Gujral 

'Some sort of budget related stocks may do well for a bit, but I do not think the budget has been able to turn the mood on the index.'

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Buy PFC with a target of Rs 325: Ashwani Gujral

"PFC is a 'BUY' call with a target of Rs 325 and a stop loss of Rs 300."