Stock Tips and Nifty Tips 16/01/2014

NIFTY OUTLOOK FOR 16/01/2014

GLOBAL TRENDS GIVE NIFTY A POSITIVE
OPENING. THEN INFLATION NUMBERS
GIVE EXTRA POWER TO BULLS.
BULLS SEE A CLOSE ABOVE 6300 AT 6320.

BULLS ARE ON THE WAY TO 6355.
LITTLE CONSOLIDATION SEEN AT 6355-77 LEVEL.
IN THE NIFTY DAILY CHAT THE ASCENDING
TRIANGLE PATTERN GIVES US A TARGET,
6355-5972+6355=6738.

CLOSE ABOVE 6355 WILL BRING SHORT
COVERING AND MORE JUMP TO THE NIFTY.

ON THE DOWNSIDE,
IF NIFTY CLOSE BELOW 6222 AGAIN
6177-6222 RANGE ON CARD.
BELOW 6177 IT IS BEARS AREA.

Buy PNB with target price of Rs 635: Ashwani Gujral 

PNB is a ‘BUY’ with a target of Rs 635 and a stop loss of Rs 610.

Buy Future Retail with target price of Rs 97: Ashwani Gujral 

Future Retail is a ‘BUY’ with a target of Rs 97 and a stop loss of Rs 83.

Buy Reliance Power with target price of Rs 78: Ashwani Gujral 

Reliance Power is a ‘BUY’ with a target of Rs 78 and a stop loss of Rs 65

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Buy Lovable Lingerie with a target of Rs 325: Mitesh Thacker 

Lovable Lingerie is a ‘Buy’ with a target of Rs 325 and a stop loss of Rs 293.