Stock Tips and Nifty Tips 25/07/2014

NIFTY OUTLOOK FOR 25/07/2014

BULLS SEE A CLOSE ABOVE 7822 AFTER
LOT OF CONSOLIDATION. FEW NIFTY STOCKS
SHOWING POWER. BUT LOT OF NIFTY STOCKS
READY FOR TO GET CORRECTION.

ABOVE 7822,
BULLS CAN MOVE FURTHER TO 7888 AND 7977.
BUT THEY HAVE TO DEFEND 7755 ON CLOSING.

ANY CLOSE BELOW 7755 WILL BRING BACK BEARS,
AND WILL ALSO BRING HOPES FOR THE
DOUBLE TOP PATTERN IN NIFTY DAILY CHART.

NOW THE WEEKLY PIVOT MOVED TO 7733.
SO ABOVE 7777 BULLS CAN MOVE TOWARDS 7888 AND 7977.

ON THE DOWNSIDE,
BEARS HAVE TO SEE A CLOSE BELOW 7688,
FOR ANOTHER DOWN MOVE. THEN,
THEY CAN MOVE TOWARDS 7422.

STILL, ON THE WEEKLY CHARTS,
LEVEL 7807 SEEMS BIG BIG RESISTANCE.
NIFTY SHOWING SOME FORM OF TREND REVERSAL.

AS PER TECHNICAL,
NOW THE WEEKLY PIVOT IS 7755.
ABOVE 7800 BULLS CAN TARGET 7888 AND 7977.
BELOW 7711 BEARS CAN TARGET 7577 AND 7466.

Sell Cairn India at a stop loss of Rs 330: Sandeep Wagle

"Cairn India is a 'Buy' call with a target of Rs 300 and a stop loss of Rs 330."

Buy SAIL with a target of Rs 96: Sandeep Wagle

"SAIL is a 'Buy' call with a target of Rs 96 and a stop loss of Rs 88.50."

Buy Delta Corp with a target Rs 105: Mitesh Thacker

"Delta Corp is a 'Buy' call with a target of Rs 105 and a stop loss of Rs 94."

Buy Idea with a target Rs 160: Mitesh Thacker

"Idea is a 'Buy' call with a target of Rs 160 and a stop loss of Rs 147.50."

Buy JustDial with a target Rs 1665: Sandeep Wagle

"JustDial is a 'Buy' call with a target of Rs 1665 and a stop loss of Rs 1595."

Buy Tata Steel with a target Rs 577: Sandeep Wagle

"Tata Steel is a 'Buy' call with a target of Rs 577 and a stop loss of Rs 562."