Stock Tips and Nifty Tips 29/12/2014

NIFTY OUTLOOK FOR 29/12/2014

GLOBAL MARKETS MAY BE MUTED DUE TO THE
HOLIDAYS IS THIS WEEK AHEAD,
NIFTY HAVE TO FOLLOW THE GLOBAL TRENDS,

NIFTY CLOSES JUST ABOVE 8200 AT 8201,
8355-77 LOOKS LIKE STRONG RESISTANCE AND
8133-55 LOOKS LIKE GOOD SUPPORT,

MORE UP SIDE EXPECTED ABOVE 8400,
IF BULLS ARE NOT ABLE TO CLOSE ABOVE 8365 THEN
7699 IS THE JANUARY TARGET FOR BEARS,

NOW THE PIVOT PLACED AT 8244,
BULLS CAN SEE SOME RALLY ABOVE 8288,
BEARS ARE READY FOR ANOTHER ATTACK BELOW 8200,

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 8244,
ABOVE 8288 BULLS CAN TARGET 8422 AND 8511,
BELOW 8200 BEARS CAN TARGET 8066 AND 7977,

Sell ICICI Bank with a stop loss of Rs 357: Ashwani Gujral

"ICICI Bank is a 'SELL' call with a target of Rs 340 and a stop loss of Rs 357."

Buy HCL Technologies with a target of Rs 1610: Ashwani Gujral

"HCL Technologies is a 'BUY' call with a target of Rs 1610 and a stop loss of Rs 1540."

Sell Hindustan Petroleum with a stop loss of Rs 544: Ashwani Gujral

"Hindustan Petroleum is a 'SELL' call with a target of Rs 520 and a stop loss of Rs 544."

Sell Steel Authority of India with a stop loss of Rs 82: Prakash Gaba

'Steel Authority of India is a 'SELL' call with a target of Rs 78 and a stop loss of Rs 82.'

Buy Indian Overseas Bank with a target of Rs 61: Prakash Gaba

'Indian Overseas Bank is a 'BUY' call with a target of Rs 61 and a stop loss of Rs 58.'