Stock Tips and Nifty Tips 16/07/2014

NIFTY OUTLOOK FOR 16/07/2014

GLOBAL TRENDS SHOW LITTLE GREEN.
BULLS BOUNCE BACK ABOVE 7500.
BUT THE PIVOT IS AT 7577 AND BULLS
NEED A CLOSE ABOVE 7577 FOR ANOTHER UP MOVE.

ON THE DOWNSIDE,
7422-44 LOOK LIKE GOOD SUPPORT.
BREAKING THIS LEVEL WILL LEAD
TO FURTHER DOWNSIDE. 7311 IS WEEKLY
TARGET.

NOW 7807 SEEMS BIG BIG RESISTANCE.
NIFTY SHOW SOME FORM OF TREND REVERSAL.
7092, 6892 AND 6652 ARE THE RETRACEMENT TARGETS.

AS PER TECHNICAL,
NOW THE WEEKLY PIVOT IS 7577.
ABOVE 7622 BULLS CAN TARGET 7755 AND 7844.
BELOW 7533 BEARS CAN TARGET 7400 AND 7311.

Buy Aurobindo Pharma with a target of Rs 725: Ashwani Gujral 

'Aurobindo Pharma is a 'BUY' call with a target of Rs 725 and a stop loss of Rs 700.'

Buy Syndicate Bank with a target of Rs 162: Ashwani Gujral 

'Syndicate Bank is a 'BUY' call with a target of Rs 162 and a stop loss of Rs 146.'

Sell Sesa Sterlite with a target of Rs 268: Ashwani Gujral 

'Sesa Sterlite is a 'SELL' call with a target of Rs 268 and a stop loss of Rs 288.'

Buy UBL with a target of Rs 755: Mitesh Thacker 

'UBL is a 'BUY' call with a target of Rs 755 and a stop loss of Rs 709.'

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