NIFTY OUTLOOK FOR 10/03/2015

YESTERDAY THE WEEKLY PIVOT WAS AT 8933,
TODAY NIFTY OPEN AT 8891 AND SLIP BELOW 8888,
SO BEARS TAKE THE CONTROL,
BEARS TEST 8740 AND NIFTY CLOSES AT 8756,

NOW THE WEEKLY PIVOT SLIP TO 8888,
AND ALL THE CLOSES BELOW 8888 ARE BEARS AREA,
THEY CAN TARGET 8666 NOW,
A CLOSE BELOW 8666 IS A CONFIRMATION OF REVERSAL,

BULLS HAVE TO SEE CLOSE ABOVE 8888 TO STOP THIS,
AND A CLOSE ABOVE 8933 WILL BRING MORE GREEN,

AS POSTED HERE,
MOMENTUM GETTING CONVERGENCE WITH PRICE,
NIFTY MAKING DOUBLE TOP PATTERN,

NIFTY MADE LOW 2252 IN OCTOBER 2008,
BULLS TEST 8996 ON 30/01/2015,

THIS IS 400% MOVE,
SO THE ULTIMATE TARGET IS 800% MOVE AT 18016,
BUT THIS IS TIME FOR CONSOLIDATION AND CORRECTION,

AS PER TECHNICAL,
NOW THE WEEKLY PIVOT IS 8888,
ABOVE 8933 BULLS CAN TARGET 9111 AND 9200,
BELOW 8844 BEARS CAN TARGET 8755 AND 8666,

Buy Dabur India with a target of Rs 286: Sandeep Wagle

'Dabur India Ltd is a 'BUY' call with a target of Rs 286 and a stop loss of Rs 268'

Sell Infosys with a target of Rs 2,100 and a stop loss of Rs 2,225

'Sell Infosys with a target of Rs 2,100 and a stop loss of Rs 2,225'

Stock of cash-rich Sasken Comm can hit Rs 300 level within a year: G Chokkalingam

Chokkalingam also like Bal Pharma. He points out that the company's enterprise value is at 35 per cent discount to sales. He sees the stock at Rs 85 level.