Stock Tips and Nifty Tips 31/07/2014

NIFTY OUTLOOK FOR 31/07/2014

NIFTY SLIP DOWN TO 7709 IN THE OPENING
HOURS. BULLS TAKE SUPPORT FROM 7711 LEVEL.
BOUNCE BACK TO SEE A CLOSE AT 7791.

BUT BULLS NEED A CLOSE ABOVE 7822 TO
TAKE THE DRIVER SEAT OF THE MARKET.

AS POSTED HERE,
BULLS FACING RESISTANCE AT 7800-44 LEVEL.
ANY CLOSE ABOVE 7844 WILL LEAD NIFTY TO 8044.
BUT THIS IS TIME FOR NIFTY TO GET
CORRECTION AND CONSOLIDATION.

GLOBAL MARKETS GETTING VOLATILE.
SETTLEMENT THURSDAY ON THE WAY.
WILD MOVES ARE EXPECTED ON THURSDAY.

ON THE WEEKLY CHARTS,
LEVEL 7807 SEEMS BIG BIG RESISTANCE.
NIFTY SHOWING SOME FORM OF TREND REVERSAL.

AS PER TECHNICAL,
NOW THE WEEKLY PIVOT IS 7777.
ABOVE 7822 BULLS CAN TARGET 7955 AND 8044.
BELOW 7733 BEARS CAN TARGET 7600 AND 7511.

Buy Ashok Leyland as CV cycle likely to move up: Ambareesh Baliga

"I had recommended this stock at about 32 from there we saw an uptick and after it had corrected but yes even now it is clearly a buy."

Sell banking PSUs in this rally: Ambareesh Baliga

"NPAs is still an issue, banking PSUs should be sold in this rally."

Buy Exide with a target of Rs 240: Ambareesh Baliga

"For Ceat, in fact I have a price target of close to about Rs 240 for the stock. So even at the current levels it is still a buy."

Expect L&T to go down to Rs 1350-1375 levels: Ambareesh Baliga

"Yes, quite negative and because of this possibly this stock can even go down to levels of about Rs 1350-1375."

Buy Kotak Bank with a target of Rs 990: Sandeep Wagle

"Kotak Bank is a 'BUY' with a target of Rs 990 and a stop loss of Rs 960."