Stock Tips and Nifty Tips 30/05/2014

NIFTY OUTLOOK FOR 30/05/2014

INFY TAKES A HUGE HIT.
NIFTY SLIP AND CLOSE BELOW 7266 AT 7235.
7177 AND 7088 ARE THE NEXT WEEK TARGET
FOR BEARS. BEFORE THAT BULL MAY TRY
TO LIFT NIFTY TO THE 7266-7311 LEVEL.

SELLING SEEN IN ALL RISES.
SLOWLY BEARS GETTING ACTIVE.

THE WEEKLY PIVOT MOVED TO 7355.
BULLS HAVE TO SEE A CLOSE ABOVE 7355.
THEN THEY CAN MOVE TOWARDS, 7400, 7488, AND 7577.

AS PER TECHNICAL,
NOW THE WEEKLY PIVOT IS 7355.
ABOVE 7400 BULLS CAN TARGET 7488 AND 7577.
BELOW 7311 BEARS CAN TARGET 7222 AND 7133.

Sell United Breweries with target price of Rs 740: Mitesh Thacker 

United Breweries is a 'SELL' call with a target of Rs 740 and a stop loss of Rs 782.

Buy SUN TV with target price of Rs 445: Mitesh Thacker 

SUN TV is a 'BUY' call with a target of Rs 445 and a stop loss of Rs 415.

Buy Glenmark with target price of Rs 565: Ashwani Gujral 

Glenmark is a 'BUY' call with a target of Rs 565 and a stop loss of Rs 535.

Buy UCO Bank with target price of Rs 125: Ashwani Gujral 

UCO Bank is a 'BUY' call with a target of Rs 125 and a stop loss of Rs 100.

Buy Dr. Reddy’s with target price of Rs 2450: Ashwani Gujral 

Dr. Reddy’s is a 'BUY' call with a target of Rs 2450 and a stop loss of Rs 2370.