Stock Tips and Nifty Tips 16/10/2014

NIFTY OUTLOOK FOR 16/10/2014

BOTH BULLS AND BEARS LOOSING HOPES,
SO THAT NIFTY NOT ABLE TO SUSTAIN ANY GAINS,
RESULTING IN HIGH VOLATILE TRADING DAYS,
CLOSES AT 7864,

TECHNICAL REMAIN SAME AS FOLLOWS,
NOW THE WEEKLY PIVOT PLACED AT 7888,
SO, BELOW 7844 BEARS CAN TARGET
7711 AND 7622,

BULLS HAVE TO SEE A CLOSE ABOVE 7933,
FOR ANOTHER UP MOVE TOWARDS, 8066 AND 8155,

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 7888,
ABOVE 7933 BULLS CAN TARGET 8066 AND 8155,
BELOW 7844 BEARS CAN TARGET 7711 AND 7622,

Sell HDFC at a stop loss of Rs 1025: Mitesh Thacker

"HDFC is 'Sell' call with a target of Rs 1025 and a stop loss of Rs 950."

Buy PNB with a target of Rs 965: Mitesh Thacker

"PNB is 'Buy' call with a target of Rs 965 and a stop loss of Rs 917."

Buy IRB with a target of Rs 248: Ashwani Gujral

"IRB is 'Buy' call with a target of Rs 248 and a stop loss of Rs 230."

Buy BOB with a target of Rs 910: Ashwani Gujral

"BOB is 'Buy' call with a target of Rs 910 and a stop loss of Rs 876."

Buy Axis Bank with a target of Rs 416: Ashwani Gujral

"Axis Bank is 'Buy' call with a target of Rs 416 and a stop loss of Rs 392."