Stock Tips And Nifty Tips For 29 Jan 2013

Daily Nifty Review : 29/1/ 2013

NIFTY last traded price: 6073.45.

Turtle Trend Analysis: Current Hourly Trend: Up, Dynamic Trend SL: 6036.1.

Currently the Hourly MACD is bullish since it is trading above its Signal line. The MACD crossed above its Signal line 9 period(s) ago. The Hourly MACD is NOT in an Overbought/Oversold range. There have been no divergence signals within the last 5 period(s).

The current value for the 14 Hourly RSI is 59.595. The Hourly RSI is not currently in a topping (above 70) or bottoming (below 30) range. A buy or sell signal is generated when the RSI moves out of an overbought / oversold area. The last Signal was a sell110 period(s) ago. The RSI and price are not diverging.

PIVOT TRADING LEVELS FOR FOR NEXT SESSION:
R2: 6,099.78 R1: 6,086.62 PIVOT POINT: 6,074.03 S1: 6,060.87 S2: 6,035.12

The crucial support for the Nifty is at 6050 – 6000 and the resistance is at 6100 – 6135 – 6150

Buy AXISBANK above 1444 stoploss 1430 Target 1460 – 1466

Short below 1379 stoploss 1393 Target 1364 – 1359

Buy ICICIBANK above 1204 stoploss 1191 Target 1216 – 1221

Short below 1175 stoploss 1187 Target 1164 – 1158

Buy Sun TV with a target of Rs 460: Mitesh Thacker 

Sun TV is a ‘BUY’ call with a target of Rs 460 and a stop loss of Rs 446.

Sell UltraTech Cement with a target of Rs 1840: Mitesh Thacker 

UltraTech Cement is a ‘SELL’ call with a target of Rs 1840 and a stop loss of Rs 1922.

Buy Hero MotoCorp with a target of Rs 1860: Sandeep Wagle  Hero MotoCorp is a ‘BUY’ call with a target of Rs 1860 and a stop loss of Rs 1790. Buy United Spirits with a target of Rs 1860: Sandeep Wagle  United Spirits is a ‘BUY’ call with a target of Rs 1860 and a stop loss of Rs 1790. Buy Axis Bank with a target of Rs 1470: Sandeep Wagle  Axis Bank is a ‘BUY’ call with a target of Rs 1470 and a stop loss of Rs 1410.