Stock Tips and Nifty Tips 29/09/2014

NIFTY OUTLOOK FOR 29/09/2014

S&P UPGRADED INDIAN MARKETS,
BULLS BOUNCE FROM THE LOW OF 7841 AND
MANAGE TO CLOSE AT 7968,

BUT NOW THE WEEKLY PIVOT IS AT 8000 AND
8022-44 LEVEL SEEMS GOOD RESISTANCE, SO
ALL THE CLOSES BELOW 8000 IS BEARS AREA, AND
BEARS HAVE WEEKLY TARGET AT 7690,

BULLS HAVE TO SEE A CLOSE ABOVE 8044 TO
TERMINATE ABOVE VIEW AND AN ANOTHER UP MOVE,

THREE TRADING DAY WEEK AHEAD IF US,
VOLATILE MOVES EXPECTED,

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

A CLOSE BELOW 7844 WILL
CONFIRM THE TREND REVERSAL,

AS PER TECHNICAL,
NOW THE WEEKLY PIVOT IS 8000,
ABOVE 8044 BULLS CAN TARGET 8177 AND 8266,
BELOW 7955 BEARS CAN TARGET 7822 AND 7733.

Sell ICICI Bank with a target of Rs 1390: Sandeep Wagle

"ICICI Bank is a 'Sell' call with a target of Rs 1390 and a stop loss of Rs 1465."

Buy SAIL with a target of Rs 74: Prakash Gaba

"SAIL is a 'BUY' call with a target of Rs 74 and a stop loss of Rs 67."

Buy Hindalco with a target of Rs 162: Prakash Gaba

"Hindalco is a 'BUY' call with a target of Rs 162 and a stop loss of Rs 148."

Buy Adani Port with a target of Rs 281: Prakash Gaba

"Adani Port is a 'BUY' call with a target of Rs 281 and a stop loss of Rs 268."