Stock Tips and Nifty Tips 18/03/2015

NIFTY OUTLOOK FOR 18/03/2015

BULLS START THE DAY WITH A GAP UP,
TEST THE HIGH OF 8742, THEN VOLATILE
MOVES STRIKE THE MARKET,
AFTER LAST HOUR PULL BACK
NIFTY CLOSES AT 8723,

GLOBAL TREND GETTING VOLATILE AHEAD
OF FED MOVE,
VOLATILE MOVES EXPECTED FOR ANOTHER
TWO DAYS,

REST REMAIN SAME AS FOLLOWS,
LAST WEEK NIFTY CLOSES BELOW 8666,
THIS IS WEEKLY CLOSE BELOW 8666,
THIS IS A CONFIRMATION OF REVERSAL,
ALSO THIS IS CONFIRMATION OF DOUBLE BOTTOM PATTERN,
THIS PATTERN HAVE THE TARGET AT 7821,

DOLLAR INDEX JUMPING ABOVE 100,
EQUITY MARKETS GETTING VOLATILE,
CRUDE AND GOLD ARE SLIPPING DOWN,

NOW THE WEEKLY PIVOT SLIP DOWN TO 8733,
ALL THE CLOSES BELOW 8733 ARE BEARS AREA,
THEY CAN TARGET 8555 AND 8466 IN THIS WEEK AHEAD,

BULLS HAVE TO SEE CLOSE ABOVE 8733 TO STOP THIS,
AND A CLOSE ABOVE 8777 WILL BRING MORE GREEN,

AS PER TECHNICAL,
NOW THE WEEKLY PIVOT IS 8733,
ABOVE 8777 BULLS CAN TARGET 8911 AND 9000,
BELOW 8688 BEARS CAN TARGET 8555 AND 8466,

Sell Canara Bank with a target of Rs 380: Mitesh Thacker

'Canara Bank is a ‘SELL’ call with a target of Rs 380 and a stop loss of Rs 401'

Buy SKS Microfinance with a target of Rs 465: Ashwani Gujral

'SKS Microfinance Ltd is a ‘BUY’ call with a target of Rs 465 and a stop loss of Rs 430'

Buy Godrej Industries with a target of Rs 360: Ashwani Gujral

'Godrej Industries Ltd is a ‘BUY’ call with a target of Rs 360 and a stop loss of Rs 335'

Buy UPL with a target of Rs 424: Ashwani Gujral

'UPL Ltd is a ‘BUY’ call with a target of Rs 424 and a stop loss of Rs 406'

Buy M&M Financial with a target of Rs 270: Prakash Gaba

'M&M Financial Ltd is a ‘BUY’ call with a target of Rs 270 and a stop loss of Rs 256'

Buy Dabur India with a target of Rs 296: Sandeep Wagle

'Dabur India Ltd is a ‘BUY’ call with a target of Rs 296 and a stop loss of Rs 274'