Stock Tips and Nifty Tips 21/07/2014

NIFTY OUTLOOK FOR 21/07/2014

NIFTY FORMING HEAD AND SHOULDER PATTERN
IN THE DAILY CHART. 7666-88 IS SHOULDER
LEVEL AND 7422-44 IS THE NECK LEVEL.

SO BREAKING BELOW 7422 WILL LEAD NIFTY
TO 7044-66 LEVEL. BULLS HAVE TO SEE A CLOSE
ABOVE 7711 IN THIS WEEK AHEAD TO TERMINATE
THIS VIEW.

ALSO, BIG RESISTANCE SEEN AT 7666-88 LEVEL.
THIS IS 61.8% RETRACEMENT LEVEL
FOR THE FALL FROM 7808 TO 7422.

NOW THE WEEKLY PIVOT PLACED AT 7600.
SO ABOVE 7644 BULLS CAN MOVE TOWARDS 7866.

ON THE DOWNSIDE,
BEARS HAVE TO SEE A CLOSE BELOW 7555.
FOR ANOTHER DOWN MOVE. THEN,
THEY CAN MOVE TOWARDS 7333.

ON THE WEEKLY CHARTS,
7807 SEEMS BIG BIG RESISTANCE.
NIFTY SHOWING SOME FORM OF TREND REVERSAL.
7092, 6892 AND 6652 ARE THE RETRACEMENT TARGETS.

AS PER TECHNICAL,
NOW THE WEEKLY PIVOT IS 7600.
ABOVE 7644 BULLS CAN TARGET 7777 AND 7866.
BELOW 7555 BEARS CAN TARGET 7422 AND 7333.

Buy Cummins India with a target of Rs 700: Prakash Gaba

"Cummins India is a 'BUY' call with a target of Rs 700 and a stop loss of Rs 660."

Buy CESC with a target of Rs 700: Prakash Gaba

"CESC is a 'BUY' call with a target of Rs 700 and a stop loss of Rs 650."

Buy Kotak Mahindra Bank with a target of Rs 950-955: Prakash Gaba

"Kotak Mahindra Bank is a 'BUY' call with a target of Rs 950-955 and a stop loss of Rs 920."

Buy Hexaware with a target of Rs 160: Prakash Gaba

"Hexaware is a 'BUY' call with a target of Rs 160 and a stop loss of Rs 150."

Buy Crompton Greaves with a target of Rs 240: Prakash Gaba

"Crompton Greaves is a 'BUY' call with a target of Rs 240 and a stop loss of Rs 206."

Buy Axis Bank with a target of Rs 2025: Sandeep Wagle

"Axis Bank is a 'BUY' call with a target of Rs 2025 and a stop loss of Rs 1960."

Buy Wipro with a target of Rs 575: Sandeep Wagle

"Wipro is a 'BUY' call with a target of Rs 575 and a stop loss of Rs 545."