Stock Tips and Nifty Tips 15/05/2015

NIFTY OUTLOOK FOR 15/05/2015

VOLATILE MOVES AND CONSOLIDATION GOING ON,
AFTER TESTING 8137 NIFTY CLOSES FLAT AT 8224,
NOW THE TREND LINE SUPPORT AT 8133 LEVEL,
AND THE TREND LINE RESISTANCE AT 8244 LEVEL,
EXPECT BREAK OUT ON FRIDAY OR MONDAY,

BREAK OUT TARGET ALSO SAME AS THE FOLLOWING
PATTERN TARGET,

NIFTY FORMING DOUBLE BOTTOM PATTERN IN HOURLY
CHART, BREAKING ABOVE 8355 WILL LEAD
NIFTY TO THE TARGET OF 8716,

CAUTION NEEDED IN LONGS AS THE WORST IS NOT
OVER COMPLETELY,

PIVOT REMAIN AT 8177,
BEARS HAVE JOB ONLY BELOW 8133,
THE FOLLOWING PATTERN HAVE SOME VALUE
AS LONG AS NIFTY TRADE BELOW 9119,

THE HIGH ON 30/01 WAS 8996,
THE LOW ON 10/02 WAS 8470,
AGAIN THE HIGH ON 04/03 WAS 9119,
THIS IS A DOUBLE BOTTOM PATTERN,
BELOW 8472, (9119-8470=649) (8470-649=7821)
THIS PATTERN HAVE THE TARGET AT 7821,

AS PER TECHNICAL,
NOW THE WEEKLY PIVOT IS 8177,
ABOVE 8222 BULLS CAN TARGET 8355 AND 8444,
BELOW 8133 BEARS CAN TARGET 8000 AND 7911,

Buy KEC International with a target of Rs 114: Ashwani Gujral

'KEC International is a 'BUY' call with a target of Rs 114 and a stop loss of Rs 100'

Buy PNB with a target of Rs 158: Ashwani Gujral

'PNB is a 'BUY' call with a target of Rs 158 and a stop loss of Rs 143'

Buy Karnataka Bank with a target of Rs 132: Ashwani Gujral

'Karnataka Bank Ltd is a 'BUY' call with a target of Rs 132 and a stop loss of Rs 119'

Sell Lupin with a target of Rs 1,551: Sandeep Wagle

'Lupin Ltd is a 'SEL' call with a target of Rs 1,551 and a stop loss of Rs 1,655'

Buy Asian Paints with a target of Rs 815: Sandeep Wagle

'Asian Paints Ltd is a 'BUY' call with a target of Rs 815 and a stop loss of Rs 774'

Buy Mahindra & Mahindra with a target of Rs 1,248: Prakash Gaba

'Mahindra & Mahindra Ltd is a 'BUY' call with a target of Rs 1,248 and a stop loss of Rs 1,200'

Buy Syndicate Bank with a target of Rs 110: Prakash Gaba

'Syndicate Bank Ltd is a 'BUY' call with a target of Rs 110 and a stop loss of Rs 104'

Buy Bajaj Auto with a target of Rs 2,213: Prakash Gaba

'Bajaj Auto Ltd is a 'BUY' call with a target of Rs 2,213 and a stop loss of Rs 2,125'