Stock Tips and Nifty Tips 17/07/2014

NIFTY OUTLOOK FOR 17/07/2014

BULLS SHOW THE POWER AT CLOSING.
SEE A CLOSE ABOVE 7622 AT 7624.
NOW THEY CAN MOVE TOWARDS 7755.

BUT BIG RESISTANCE SEEN AT 7666.
THIS IS 61.8% RETRACEMENT LEVEL
FOR THE FALL FROM 7808 TO 7422.

ON THE DOWNSIDE,
BEARS HAVE TO SEE A CLOSE BELOW 7577
FOR ANOTHER DOWN MOVE. THEN,
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 Divi’s Lab with a target of Rs 1540: Mitesh Thacker  "Divi’s Lab is a 'BUY' call with a target of Rs 1540 and a stop loss of Rs 1460." Buy Axis Bank with a target of Rs 2000: Mitesh Thacker  "Axis Bank is a 'BUY' call with a target of Rs 2000 and a stop loss of Rs 1924." ........................................................................... Buy Maruti with a target of Rs 2640: Sandeep Wagle  "Maruti is a 'BUY' call with a target of Rs 2640 and a stop loss of Rs 2535." ........................................................................... Buy Zee with a target of Rs 315: Mitesh Thacker  "Zee is a 'BUY' call with a target of Rs 315 and a stop loss of Rs 295."