Stock Tips and Nifty Tips 28/07/2014

NIFTY OUTLOOK FOR 28/07/2014

BULLS FACING RESISTANCE AT 7800-44 LEVEL.
ANY CLOSE ABOVE 7844 WILL LEAD NIFTY TO 8044.

BUT THIS IS TIME FOR NIFTY TO GET
CORRECTION AND CONSOLIDATION.

GLOBAL MARKETS GETTING VOLATILE.
SETTLEMENT WEEK ON THE WAY.
WILD MOVES ARE EXPECTED.

ON THE DOWNSIDE,
ANY CLOSE BELOW 7777 WILL BRING BACK BEARS,
AND WILL ALSO BRING HOPES FOR THE
DOUBLE TOP PATTERN IN NIFTY DAILY CHART.

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 7777.
ABOVE 7822 BULLS CAN TARGET 7955 AND 8044.
BELOW 7733 BEARS CAN TARGET 7600 AND 7511.

Sell Arvind at a target of Rs 205: Sandeep Wagle

'Arvind is a 'SELL' call with a target of Rs 205 and a stop loss of 224.'

Buy Ranbaxy at a target of Rs 603: Sandeep Wagle

'Ranbaxy is a 'BUY' call with a target of Rs 603 and a stop loss of 566.'

First move of 10-15% on Street may be on the downside; IT, pharma look good: Girish Pai, Claritas Research

'I am fairly cautious going into the next six months. My sense is that we are not going to see any material upside from where we are right now.'

Buy Marico at a target of Rs 250: Prakash Gaba

'Marico is a 'BUY' call with a target of Rs 250 and a stop loss of 241.'

Buy Delta Corp at a target of Rs 105: Prakash Gaba

'Delta Corp is a 'BUY' call with a target of Rs 105 and a stop loss of 95.'

Buy Cadila at a target of Rs 1158: Prakash Gaba

'Cadila is a 'BUY' call with a target of Rs 1158 and a stop loss of 1097.'