Stock Tips and Nifty Tips 17/06/2014

NIFTY OUTLOOK FOR 17/06/2014

BULLS GET SUPPORT FROM 7488 LEVEL.
MANAGE TO SEE A FLAT CLOSE ON MONDAY.
SO BEARS WILL GET ACTIVE BELOW 7488.

REST REMAIN SAME AS FOLLOWS,
UNREST IN IRAQ PULLING DOWN ALL THE
GLOBAL MARKETS. CRUDE AND GOLD START
TO JUMP. MONSOON FEAR HITTING NIFTY.

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.

Buy Arvind Ltd with a target of Rs 232: Ashwani Gujral  "Arvind Ltd is a 'BUY' call with a target of Rs 232 and a stop loss of Rs 210." Buy Hindustan Petroleum Corporation Ltd with a target of Rs 421: Ashwani Gujral  "Hindustan Petroleum Corporation Ltd is a 'BUY' call with a target of Rs 421 and a stop loss of Rs 400." Buy Bharat Petroleum Corporation Ltd with a target of Rs 605: Ashwani Gujral  "Bharat Petroleum Corporation Ltd is a 'BUY' call with a target of Rs 605 and a stop loss of Rs 574."

Sell Tata Motors Ltd with a target of Rs 415: Mitesh Thacker 

"Tata Motors Ltd is a 'SELL' call with a target of 415 and stop loss of Rs 439."

Buy Ranbaxy Laboratories Ltd with a target of Rs 490: Mitesh Thacker 

"Future Retail Ltd is a 'BUY' call with a target of 490 and stop loss of Rs 463."

Buy Future Retail Ltd with a target of Rs 134: Ashwani Gujral 

"Future Retail Ltd is a 'BUY' call with a target of 134 and stop loss of Rs 120."

Sell Axis Bank with a target of Rs 1701: Sandeep Wagle 

"Axis Bank is a 'SELL' call with a target of Rs 1701 and a stop loss of Rs 1805."

Buy Bharat Forge Ltd with a target of Rs 590: Sandeep Wagle 

"Bharat Forge Ltd is a 'BUY' call with a target of Rs 590 and a stop loss of Rs 566."