Stock Tips and Nifty Tips 08/08/2014

NIFTY OUTLOOK FOR 08/08/2014

BULLS ARE TRYING TO SEE A CLOSE ABOVE 7755.
BEARS ARE TRYING TO SLIP DOWN BELOW 7644.
RESULTING IN VOLATILE TRADING DAYS.
NIFTY CLOSES AT 7649.

BELOW 7666 BEARS ARE GETTING MORE ACTIVE.
7622 IS THE NEXT SUPPORT FOR BULLS.
BELOW 7622 BEARS HAVE TARGET OF 7444.

NIFTY MADE A HIGH 7808 AND SLIP TO THE
LOW 7422 ON 04/07. THEN MADE A HIGH 7840
ON 25/07. NOW STARTED FOR CORRECTION.
IF THIS DOUBLE TOP PATTERN WORKS, THEN
BEARS HAVE THE TARGET AT 7004.

NOW THE WEEKLY PIVOT IS AT 7711.
7444 IS THE NEXT TARGET FOR BEARS.

ON THE UPSIDE,
BULLS HAVE TO SEE A CLOSE ABOVE 7755
WHICH CAN BRING MORE GREEN.

AS PER TECHNICAL,
NOW THE WEEKLY PIVOT IS 7711.
ABOVE 7755 BULLS CAN TARGET 7888 AND 7977.
BELOW 7666 BEARS CAN TARGET 7533 AND 7444.

Buy Idea with a target of Rs 168: Ashwani Gujral

"Idea is a 'Buy' call with a target of Rs 168 and a stop loss of Rs 156."

Buy OBC with a target of Rs 300: Ashwani Gujral

"OBC is a 'Buy' call with a target of Rs 300 and a stop loss of Rs 283."

Buy Bank of India with a target of Rs 288: Ashwani Gujral

"Bank of India is a 'Buy' call with a target of Rs 288 and a stop loss of Rs 274."

Buy Shriram Transport Finance with a target of Rs 950: Mitesh Thacker

"Shriram Transport Finance is a 'Buy' call with a target of Rs 950 and a stop loss of Rs 904."

Sell Havells at a stop loss of Rs 1171: Mitesh Thacker

"Havells is a 'Sell' call with a target of Rs 1125 and a stop loss of Rs 1171."