Stock Tips and Nifty Tips 17/04/2014

NIFTY OUTLOOK FOR 17/04/2014

YESTERDAY NIFTY CLOSES BELOW PIVOT
6755 AND TODAY BEARS GET ACTIVE.
CLOSES AT 6675 AFTER REACHING
FIRST TARGET 6666. 6577 IS THE NEXT
TARGET FOR BEARS.

BULLS HAVE SEE A CLOSE ABOVE 6800 FOR
ANOTHER UP MOVE.
THEN BULLS MAY TARGET 6844 AND 6933.

AS POSTED HERE,
SOME SELLING STARED FROM GLOBAL MARKETS.
NIFTY MAY TEST IMPORTANT MOVING AVERAGES,
BEFORE 06/05/2014. NOW 50DMA@6366 AND 200DMA@6071.

THIS 50DMA IS ALSO BREAK OUT POINT OF THE
ASCENDING TRIANGLE AND HAVING LOT OF CHANCES
FOR TO BE RE TESTED.

Buy Sonata Software with target price of Rs 57: Mitesh Thacker 

"Sonata Software is a ‘BUY’ call with a target of Rs 57 and a stop loss of Rs 49.50."

Sell Apollo Hospitals Enterprise Ltd with target price of Rs 855: Mitesh Thacker 

"Apollo Hospitals Enterprise Ltd is a ‘SELL’ call with a target of Rs 855 and a stop loss of Rs 901."

Buy Indiabulls Real Estate Ltd with target price of Rs 50: Ashwani Gujral 

"Indiabulls Real Estate Ltd is a ‘BUY’ call with a target of Rs 50 and a stop loss of Rs 62."

Buy Godrej Industries with target price of Rs 345: Ashwani Gujral 

"Godrej Industries is a ‘BUY’ call with a target of Rs 345 and a stop loss of Rs 300."

Buy ITC with target price of Rs 372: Ashwani Gujral 

"ITC is a ‘BUY’ call with a target of Rs 372 and a stop loss of Rs 340."