Stock Tips and Nifty Tips 16/09/2014

NIFTY OUTLOOK FOR 16/09/2014

GLOBAL TRENDS SUPPORTING BEARS,
BEARS SEE A GAP UP OPENING AND CLOSES AT 8042,
AT LOWER END OF THE RANGE,

NOW 8044-66 LEVEL SEEMS GOOD SUPPORT FOR NIFTY,
THE NEXT BIG SUPPORT IS WELL BELOW 8000
AT 7844-66 LEVEL.

BULLS ARE LOOSING THE CONTROL OF THE MARKET,
BULLS HAVE TO SEE A CLOSE ABOVE 8133 TO TAKE
THE CONTROL OF THE MARKET AGAIN,

AS POSTED HERE,
NIFTY RALLIED FROM 4500 TO 8200,
SO GOOD CORRECTION NEED FOR NIFTY
TO MAKE TOUR TOWARDS 10000.
THIS CORRECTION MAY START FROM 21/09/2014,

BEARS HAVE TO SEE A CLOSE BELOW 8044,
FOR ANOTHER DOWN MOVE. A CLOSE BELOW 7844 WILL
CONFIRM THE TREND REVERSAL,

AS PER TECHNICAL,
NOW THE WEEKLY PIVOT IS 8111,
ABOVE 8155 BULLS CAN TARGET 8288 AND 8377,
BELOW 8044 BEARS CAN TARGET 7977 AND 7844.

Sell Jindal Steel with a stop loss of Rs 232: Sandeep Wagle

"Jindal Steel is a 'SELL' call with a target of Rs 220 and a stop loss of Rs 232."

Buy Punjab National Bank with a target of Rs 1020: Sandeep Wagle

"Punjab National Bank is a 'BUY' call with a target of Rs 1020 and a stop loss of Rs 986."

Buy Tata Coffee with a target of Rs 1020: Prakash Gaba

"Tata Coffee is a 'BUY' call with a target of Rs 1020 and a stop loss of Rs 980."

Buy Marksans Pharma with a target of Rs 72: Prakash Gaba

"Marksans Pharma is a 'BUY' call with a target of Rs 72 and a stop loss of Rs 66."

Buy Praj Industries with a target of Rs 72: Prakash Gaba

"Praj Industries is a 'BUY' call with a target of Rs 72 and a stop loss of Rs 68."