Stock Tips and Nifty Tips 11/06/2014

NIFTY OUTLOOK FOR 11/06/2014

NIFTY SLIP DOWN BY PROFIT BOOKING AND
BULLS DO THE JOB AT CLOSING TO SEE
A FLAT CLOSE. HAMMER FORMED IN CHART.

BULLS NEXT TARGET AT 7733.

NOW THE WEEKLY PIVOT PLACED MOVED TO 7555.
ALL THE CLOSES ABOVE 7555 ARE BULLS AREA.
BULLS CAN MOVE TOWARDS 7733.

BEARS CAN BREATH AFTER A CLOSE BELOW 7511.
THEN THEY CAN MOVE TOWARDS 7377 AND 7288.

BUT AS THE MOMENTUM COMING DOWN,
AND THE PRICE GOING UP, THE PRICE GET
DIVERGENCE WITH THE MOMENTUM.
CAUTION AND STOPLOSS NEEDED FOR LONGS.

AS PER TECHNICAL,
NOW THE WEEKLY PIVOT IS 7555.
ABOVE 7600 BULLS CAN TARGET 7644 AND 7733.
BELOW 7511 BEARS CAN TARGET 7377 AND 7288.

Buy Voltas with a target of Rs 234: Ashwani Gujral 

"Voltas is a 'BUY' call with a target of Rs 234 and a stop loss of Rs 219."

Buy Lupin with a target of Rs 1020: Ashwani Gujral 

"Lupin is a 'BUY' call with a target of Rs 1020 and a stop loss of Rs 950."

Buy PTC with a target of Rs 112: Ashwani Gujral 

"PTC is a 'BUY' call with a target of Rs 112 and a stop loss of Rs 97."

Buy Cipla with a target of Rs 420: Mitesh Thacker 

"Cipla is a 'BUY' call with a target of Rs 420 and a stop loss of Rs 399."

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Buy Biocon with a target of Rs 495: Mitesh Thacker 

"Biocon is a 'BUY' call with a target of Rs 495 and a stop loss of Rs 473."