Stock Tips and Nifty Tips 23/01/2015

NIFTY OUTLOOK FOR 23/01/2015

BULLS ARE MAKING NEW HIGHS,
PIVOT MOVING TO 8644,
SO BULLS CAN MAKE NEW HIGH AS LONG AS,
NIFTY HOLD 8644 ON CLOSING BASIS,

GLOBAL MARKETS GETTING HIGH VOLATILE MODE,
MAY BE THE PROCESS OF TOPPING OUT STARTED,

BEARS HAVE NO JOB TO DO,
ANY CLOSE BELOW 8600 WILL BRING BACK BEARS AND
SOME DOWNTREND FOR NIFTY,

ASTRO SENDING STRONG SELLING SIGNALS UP TO 31/01/2015,
AND BULLISH TREND SEEN ONLY IN FEBRUARY,
WILD SWINGS AWAITED FOR US FROM
JANUARY TO MARCH OF 2015,

NIFTY RALLIED FROM 4531 TO 8741,
SO GOOD CORRECTION NEED FOR NIFTY
TO MAKE TOUR TOWARDS 10000.

AS PER TECHNICAL,
NOW THE WEEKLY PIVOT IS 8600,
ABOVE 8644 BULLS CAN TARGET 8777 AND 8866,
BELOW 8555 BEARS CAN TARGET 8422 AND 8333,

Buy Dr Reddy's Laboratories Ltd with a target of Rs 3410: Prakash Gaba

Dr Reddy's Laboratories Ltd is a 'BUY' call with a target of Rs 3410 and a stop loss of Rs 3320

Buy Dish TV with a target of Rs 74: Prakash Gaba

Dish TV is a 'BUY' call with a target of Rs 74 and a stop loss of Rs 71

Buy Axis Bank Ltd with a target of Rs 571: Prakash Gaba

Axis Bank Ltd is a 'BUY' call with a target of Rs 571 and a stop loss of Rs 547