NIFTY OUTLOOK FOR 22/12/2014

BULLS ARE DOING SOME RECOVERY JOBS,
BULLS RECOVERED FROM 7961 TO CLOSE AT 8225,
8288 IS FIRST TARGET FOR BULLS,
MORE GREEN EXPECTED ONLY IF GLOBAL TREND
SUPPORT NIFTY,

NOW THE PIVOT PLACED AT 8155,
BULLS CAN SEE X-MAS RALLY ABOVE 8200,
BEARS ARE READY FOR ANOTHER ATTACK BELOW 8111,

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 8155,
ABOVE 8200 BULLS CAN TARGET 8333 AND 8422,
BELOW 8111 BEARS CAN TARGET 7977 AND 7888,

Buy Eicher Motors Ltd with a target of Rs 15000: Prakash Gaba

'Eicher Motors Ltd is a 'BUY' call with a target of Rs 15000 and a stop loss of Rs 14200.'

Buy Ambuja Cements Ltd with a target of Rs 232: Prakash Gaba

'Ambuja Cements Ltd is a 'BUY' call with a target of Rs 232 and a stop loss of Rs 222.'

Buy Eicher Motors Ltd with a target of Rs 15000: Prakash Gaba

'Eicher Motors Ltd is a 'BUY' call with a target of Rs 15000 and a stop loss of Rs 14200.'

Buy Bharat Heavy Electricals Ltd with a target of Rs 270: Prakash Gaba

'Bharat Heavy Electricals Ltd is a 'BUY' call with a target of Rs 270 and a stop loss of Rs 255.'

Buy Mahindra & Mahindra Ltd with a target of Rs 1290: Sandeep Wagle

'Mahindra & Mahindra Ltd is a 'BUY' call with a target of Rs 1290 and a stop loss of Rs 1225.'

2 comments:

CapitalStars07December 21, 2014 at 9:23 PM
The FIIs were net sellers of Rs -668.85 cr in the cash segment on Friday while the DIIs were net buyers of Rs. 622.77 cr, as per the provisional figures released by the NSE.
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Pooja PariyaDecember 22, 2014 at 12:31 AM
INDIAN BENCHMARK are likely to open higher today tracking a firm trend in markets across Asia and a bullish closing at Wall Street on Friday. SGX Nifty is trading 37.00 points higher.
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