Stock Tips and Nifty Tips 16/03/2015

NIFTY OUTLOOK FOR 16/03/2015

ON FRIDAY BULLS JUMP ABOVE 8844,
BUT BEARS HIT THE MARKET LIKE ANYTHING,
NIFTY TEST 8631 AND CLOSES AT 8647,

THIS IS WEEKLY CLOSE BELOW 8666,
THIS IS A CONFIRMATION OF REVERSAL,
ALSO THIS IS CONFIRMATION OF DOUBLE BOTTOM PATTERN,
THIS PATTERN HAVE THE TARGET AT 7821,

DOLLAR INDEX JUMPING ABOVE 100,
EQUITY MARKETS GETTING VOLATILE,
CRUDE AND GOLD ARE SLIPPING DOWN,

NOW THE WEEKLY PIVOT SLIP DOWN TO 8733,
ALL THE CLOSES BELOW 8733 ARE BEARS AREA,
THEY CAN TARGET 8555 AND 8466 IN THIS WEEK AHEAD,

BULLS HAVE TO SEE CLOSE ABOVE 8733 TO STOP THIS,
AND A CLOSE ABOVE 8777 WILL BRING MORE GREEN,

AS PER TECHNICAL,
NOW THE WEEKLY PIVOT IS 8733,
ABOVE 8777 BULLS CAN TARGET 8911 AND 9000,
BELOW 8688 BEARS CAN TARGET 8555 AND 8466,

Sell Power Grid with a target of Rs 139: Sandeep Wagle

'Power Grid is a 'SELL' call with a target of Rs 139 and a stop loss of Rs 149.50'

Sell Apollo Tyres with a target of Rs 159: Sandeep Wagle

'Apollo Tyres is a 'SELL' call with a target of Rs 159 and a stop loss of Rs 172'

Bank Nifty may decline below 18,500 levels: Mitesh Thacker

We have seen three or four downswings being arrested around levels of 18,500-18,600. But the structure has weakened on the medium term chart.

Sell Arvind with a target of Rs 268: Ashwani Gujral

'Arvind is a 'SELL' call with a target of Rs 268 and a stop loss of Rs 290'

Sell BPCL with a target of Rs 715: Ashwani Gujral

'BPCL is a 'SELL' call with a target of Rs 715 and a stop loss of Rs 743'

Buy DLF with a target of Rs 170 Ashwani Gujral

'DLF is a 'BUY' call with a target of Rs 170 and a stop loss of Rs 156'