Stock Tips and Nifty Tips 20/06/2014

NIFTY OUTLOOK FOR 20/06/2014

BULL JUMP ABOVE 7600 IN THE MORNING.
BUT NOT ABLE TO SUSTAIN.
BEARS SEE A CLOSE BELOW 7555 AT 7540.

NOW 7488 IS BIG BIG SUPPORT FOR BULLS.
IF NIFTY CLOSE BELOW 7488 THEN BEARS
CAN LEAD NIFTY TO 7400 AND TO 7311.

BULLS HAVE TO SEE A CLOSE ABOVE 7600
FOR APPLY BREAK ON THE BEARS MOVE.
A CLOSE ABOVE 7644 WILL BRING MORE GREEN.

AS PER TECHNICAL,
NOW THE WEEKLY PIVOT IS 7600.
ABOVE 7644 BULLS CAN TARGET 7733 AND 7822.
BELOW 7555 BEARS CAN TARGET 7466 AND 7377.

Buy Kesoram Industries with a target of Rs 112-115: Mitesh Thacker  Kesoram Industries a 'BUY' call with a target of Rs 112-115 and a stop loss of Rs 96. Buy IndusInd Bank with a target of Rs 582: Ashwani Gujral  IndusInd Bank is a 'BUY' call with a target of Rs 582 and a stop loss of Rs 554. Buy ITC with a target of Rs 352: Ashwani Gujral  ITC is a 'BUY' call with a target of Rs 352 and a stop loss of Rs 332. Sell Idea with a stop loss of Rs 142: Ashwani Gujral  Idea is a 'SELL' call with a target of Rs 130 and a stop loss of Rs 142.

IT showing good traction on the upside: Mitesh Thacker 

IT rules the short term flavour, it is one sector which is in good momentum and showing good traction on the upside.

Buy HCL Tech with a target of Rs 1500: Mitesh Thacker 

HCL Tech is a 'BUY' call with a target of Rs 1500 and a stop loss of Rs 1427.