Stock Tips and Nifty Tips 16/06/2014

NIFTY OUTLOOK FOR 16/06/2014

UNREST IN IRAQ PULLING DOWN ALL THE
GLOBAL MARKETS. CRUDE AND GOLD START
TO JUMP. MONSOON FEAR HITTING NIFTY.
BEARS GETTING MORE ACTIVE.

NOW THE WEEKLY PIVOT PLACED AT 7577.
ALL THE CLOSES BELOW 7577 ARE BEARS AREA.
BEARS HAVE WEEKLY TARGETS 7400 AND 7311.

BULLS HAVE TO SEE A CLOSE ABOVE 7622 FOR
ANOTHER UP MOVE. THEN THEY CAN MOVE
TOWARDS 7755 AND TO 7844.

AS PER TECHNICAL,
NOW THE WEEKLY PIVOT IS 7577.
ABOVE 7622 BULLS CAN TARGET 7755 AND 7844.
BELOW 7533 BEARS CAN TARGET 7400 AND 7311.

Sell Axis Bank at a stop loss of Rs 1855: Sandeep Wagle 

"Axis Bank is a 'SELL' call with a target of Rs 1855 and a stop loss of Rs 1780."

Sell Hindustan Petroleum at a stop loss of Rs 405: Sandeep Wagle 

"Hindustan Petroleum is a 'SELL' call with a target of Rs 370 and a stop loss of Rs 405."

Sell Canara Bank at a stop loss of Rs 463: Prakash Gaba 

"Canara Bank is a 'SELL' call with a target of Rs 445 and a stop loss of Rs 463."

Sell PFC at a stop loss of Rs 295: Ashwani Gujral 

"PFC is a 'SELL' call with a target of Rs 278 and a stop loss of Rs 295."

Sell DLF at a stop loss of Rs 211: Ashwani Gujral 

"DLF is a 'SELL' call with a target of Rs 195 and a stop loss of Rs 211."

Buy HCL Tech with a target of Rs 1465: Ashwani Gujral 

"HCL Tech is a 'BUY' call with a target of Rs 1465 and a stop loss of Rs 1400."