Stock Tips and Nifty Tips 03/01/2014

NIFTY OUTLOOK FOR 03/01/2014

NIFTY BREAK THE RANGE ON THE DOWNSIDE.
NIFTY CLOSES BELOW THE PIVOT 6266 LEVEL.
ALL THE CLOSES BELOW 6266 ARE BEARS AREA.
A WEEKLY CLOSE BELOW 6266 IS THE SIGNAL
FOR THE STARTING OF CORRECTION.

NOW 6177, 6088, AND 6000 ARE THE TARGETS
FOR THE BEARS.

IN THE LAST FOUR MONTHS,
NIFTY MAKE A 1297 POINTS RALLY
FROM THE LOW 5118 TO THE HIGH 6415.
38.2% CORRECTION GIVE US THE TARGET 5919.
THE LONG TERM TREND LINE IS NOW PLACED AT
5511 IN THE MONTHLY CHART.

ON THE UP SIDE, BULLS HAVE TO SEE A CLOSE
ABOVE 6288 TO APPLY BREAK ON BEARS MOVE.
A CLOSE ABOVE 6333 NEEDED FOR BULLS TO
TAKE THE DRIVER SEAT OF THE MARKET.

Buy Power Grid Corporation of India Ltd with a target of Rs 106: Sandeep Wagle 

"Power Grid Corporation of India Ltd is a ‘BUY’ call with a target of Rs 106 and a stop loss of Rs 99."

Buy LIC Housing Finance with a target of Rs 209: Sandeep Wagle 

"LIC Housing Finance is a ‘BUY’ call with a target of Rs 209 and a stop loss of Rs 219."

Sell Sun TV Ltd with a target of Rs 355: Sandeep Wagle 

"Sun TV Ltd is a ‘SELL’ call with a target of Rs 355 and a stop loss of Rs 376."

Sell Power Grid Corporation of India Ltd with a target of Rs 110: Ashwani Gujral 

"Power Grid Corporation of India Ltd is a 'SELL' call with a target of Rs 110 and a stop loss of Rs 97."

Sell Adani Enterprises Ltd with a target of Rs 247: Ashwani Gujral 

"Adani Enterprises Ltd is a 'SELL' call with a target of Rs 247 and a stop loss of Rs 266."

Sell IDFC with a target of Rs 99: Ashwani Gujral 

"IDFC is a 'SELL' call with a target of Rs 99 and a stop loss of Rs 111."