Stocks for Tomorrow
& Nifty Outlook

Stocks

22 JULY
 
JUSTDAIL -  Stock outperformed well with good volumes and closed near to days high. It formed a Doji on the weekly chart. We recommend buying above 795 for the target of 805 with the stop loss of 785.
 
HDFCAMC - Stock gave all-time high breakout with huge volumes and closed in green. If formed a flag pattern on the hourly chart. We recommend buying above 2340 for the target of  2365 with the stop loss of 2320. 
 
TCS - Stock closed negative on the weekly chart near to weeks low. It formed double top on the weekly chart. We recommend selling below 2060 for the target of 2030 with the stop loss of 2090.

Nifty Outlook

18 JULY
 
Nifty edged up for the second consecutive day and touched the mark of 11700 and was able to close above its 10 Day SMA. This is a very good indication but the overall breadth still looks weak as the overall cues are still mixed. The global cues have been negative as US markets are worried over lower interest rates while it may also hamper the earnings of banking space. While on domestic front Indian equity markets will be eyeing the quarterly earnings. All eyes will be on ACC, Dabur, Hindzinc, Kotak bank, and TVS Motor. A lot of action will be seen in these stocks as they come out with their earnings.