Stock Tips and Nifty Tips 08/12/2014

NIFTY OUTLOOK FOR 08/12/2014

NIFTY TRADED IN TIGHT RANGE 8604-8626,
FOR A WEEK, AND BREAK UP/DOWN
EXPECTED IN THIS WEEK AHEAD,

BOTH BULLS AND BEARS HAVE NO HOPES
SO, VOLUME AND VIX GETTING LOWER,

NOW THE WEEKLY PIVOT IS AT 8555,
BULLS CAN SEE A ANOTHER UP MOVE
IF NIFTY CLOSE ABOVE 8600 AND
BEARS ARE WAITING BELOW 8511,

AS POSTED HERE,
FROM 8500 AS ALL THE AREA ARE NEW TO NIFTY
NO ONE NO THE HIGH AND WHEN WILL NIFTY
TOPPING OUT, SO AVOID SHORTING IN HIGH LEVELS,
GET CLEAR SELL SIGNAL BEFORE SHORTING,

NIFTY RALLIED FROM 4531 TO 8626,
SO GOOD CORRECTION NEED FOR NIFTY
TO MAKE TOUR TOWARDS 10000.

AS PER TECHNICAL,
NOW THE WEEKLY PIVOT IS 8555,
ABOVE 8600 BULLS CAN TARGET 8733 AND 8822,
BELOW 8511 BEARS CAN TARGET 8377 AND 8288,

Sell Just Dial with a stop loss of Rs 1541: Mitesh Thacker

"Just Dial is a 'SELL' call with a target of Rs 1450 and a stop loss of Rs 1541."

Buy Sesa Sterlite with a target of Rs 255: Mitesh Thacker

"Sesa Sterlite is a 'BUY' call with a target of Rs 255 and a stop loss of Rs 240."

Cutting lending rates before RBI actually cuts real rates to help banks: Mythili Bhusnurmath

"Long term rates, short term are all linked in a larger sense; to that extent if banks are able to cut their lending rates it should certainly help."

Jindal Steel with a target of Rs 167: Prakash Gaba

"Jindal Steel is a 'BUY' call with a target of Rs 167 and a stop loss of Rs 141."

Buy GIC Housing with a target of Rs 196: Prakash Gaba

"GIC Housing is a 'BUY' call with a target of Rs 196 and a stop loss of Rs 188."

Buy Raymond with a target of Rs 580: Prakash Gaba

"Raymond is a 'BUY' call with a target of Rs 580 and a stop loss of Rs 547."