Stock Tips And Nifty Tips For 11/11/2013

NIFTY OUTLOOK FOR 11/11/2013

BEARS SEE A WEEKLY CLOSE BELOW 6200,
AT 6140. BEARS ARE ON THE WAY TO
6022 AND 5933.

BEFORE THAT 6111 IS GOOD SUPPORT
FOR BULLS. ANY CLOSE BELOW 6111 WILL
BRING MORE BEARS. ANY CLOSE BELOW
6000 WILL LEAD PANIC SELLING.

BULLS HAVE TO SEE A CLOSE ABOVE
6222 TO GET SOME BREATH.

SO THE DIRECTION IS,
BULLISH ABOVE 6222 TARGET 6311 AND 6400.
BEARISH BELOW 6111 TARGET 6022 AND 5933.

NOW NIFTY IS ATTEMPTING FOR A MAJOR
BREAK-UP IN ASCENDING TRIANGLE PATTERN
SEEN IN MONTHLY CHART.

MONTHLY CLOSE ABOVE 6357 IS NEEDED.
TARGET 6357+(6357-2252)=10462.

BEFORE THAT BREAK-UP HIGH VOLATILE
DAYS ARE AHEAD FOR TWO OR THREE MONTHS.

Buy Tech Mahindra with a target of Rs 1725: Ashwani Gujral 

Tech Mahindra is a buy call with a target of Rs 1725 and a stop loss of Rs 1650.

Sell Maruti with a target of Rs 1525: Ashwani Gujral 

Maruti is a sell call with a target of Rs 1525 and a stop loss of Rs 1580.

Sell HDFC with a target of Rs 785: Ashwani Gujral 

HDFC is a sell call with a target of Rs 785 and a stop loss of Rs 820.

Risk reward ratio in Federal Bank very good: Prakash Gaba 

Federal Bank can slide down to levels closer to 75 or even lower, stop above Rs 80.

Coal India can slide down to levels closer to 285: Prakash Gaba 

Coal India looks a bit tired to me. It can slide down to levels closer to 285, stop above Rs 295.