Stock Tips and Nifty Tips 18/09/2014

NIFTY OUTLOOK FOR 18/09/2014

BULLS ARE MAKING EFFORTS TO TAKE
THE CONTROL OF THE MARKET. AFTER A
GAP UP OPENING SEE A CLOSE AT 7975.

BUT THE PREVIOUS BIG SUPPORT 8022-44 LEVEL
NOW BECOME STRONG RESISTANCE AND ALL
THE RISES UP TO 8044 WILL BE SHORTED BY BEARS,

THE NEXT BIG SUPPORT IS WELL BELOW 8000
AT 7844-66 LEVEL.

BULLS HAVE TO SEE A CLOSE ABOVE 8066 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,

A CLOSE BELOW 7844 WILL
CONFIRM THE TREND REVERSAL,

AS PER TECHNICAL,
NOW THE WEEKLY PIVOT IS 8022,
ABOVE 8066 BULLS CAN TARGET 8288 AND 8377,
BELOW 8022 BEARS CAN TARGET 7933 AND 7844.

Sell Bata India with a target of Rs 1185: Ashwani Gujral

"Bata India is a 'SELL' call with a target of Rs 1185 and a stop loss of Rs 1250."

Buy ICICI Bank with a target of Rs 1585: Ashwani Gujral

"ICICI Bank is a 'BUY' call with a target of Rs 1585 and a stop loss of Rs 1530."

Buy IGL with a target of Rs 440: Ashwani Gujral

"IGL is a 'BUY' call with a target of Rs 440 and a stop loss of Rs 415."

Sell Grasim with a target of Rs 3460: Mitesh Thacker

"Grasim is a 'SELL' call with a target of Rs 3460 and a stop loss of Rs 3580."

Buy JK Tyre with a target of Rs 430: Mitesh Thacker

"JK Tyre is a 'BUY' call with a target of Rs 430 and a stop loss of Rs 400."