Stock Tips and Nifty Tips 21/08/2014

NIFTY OUTLOOK FOR 21/08/2014

TRADERS STARTED PROFIT BOOKING.
NIFTY STARTED CONSOLIDATION.
BUT BULLS ARE HOLDING THE CONTROL.

AS POSTED HERE,
YESTERDAY’S CANDLE, LONG LEG DOJI IN
DAILY CHART IS NOT GOOD SIGNAL FOR BULLS.

BUT THE WEEKLY PIVOT IS MOVED TO 7822,
ALL THE CLOSES ABOVE 7822 ARE BULLS AREA.
UP TO 7822 ALL THE DIPS WILL BE USED BY
BULLS FOR BUYING.
BEARS HAVE TO SEE A CLOSE BELOW 7777,
FOR ANOTHER DOWN MOVE.

AS PER TECHNICAL,
NOW THE WEEKLY PIVOT IS 7822.
ABOVE 7866 BULLS CAN TARGET 7911 AND 8000.
BELOW 7777 BEARS CAN TARGET 7555 AND 7466.

Buy Biocon with a target of Rs 502: Ashwani Gujral

"Biocon is a 'BTST' call with a target of Rs 502 and a stop loss of Rs 475.

Buy JSW Energy with a target of Rs 90: Ashwani Gujral

"JSW Energy is a 'BTST' call with a target of Rs 90 and a stop loss of Rs 76."

Buy PTC with a target of Rs 101: Ashwani Gujral

"PTC is a 'BTST' call with a target of Rs 101 and a stop loss of Rs 85."

Power stocks like Tata Power, JSW Energy showing great amount of traction: Ashwani Gujral

"The smaller power STOCKS right from Tata Power to JSW Energy to Adani Power to PTC and even to some extent Voltas is showing great amount of traction."

Buy Adani Port with a target of Rs 305: Sandeep Wagle

"Adani Port is a 'BUY' call with a target of Rs 305 and a stop loss of Rs 290."

Buy Aurobindo Pharma with a target of Rs 810: Sandeep Wagle

"Aurobindo Pharma is a 'BUY' call with a target of Rs 810 and a stop loss of Rs 785."