NIFTY OUTLOOK FOR 06/03/2013

BULLS START TO PLAY THE INNINGS IN STYLE.
SEE A CLOSE ABOVE 5755 AT 5786.

NIFTY NEED FOLLOW UP FROM BULLS.
THEY HAVE TO SEE A CLOSE ABOVE 5844 TO,
TERMINATE CURRENT BEARISH TREND.

NOW 5755 WILL ACT AS GOOD SUPPORT.
5666 AND 5622

ARE NEXT GOOD SUPPORTS FOR
BULLS IN THIS WEEK AHEAD. NOW 200DMA
IS AT 5550, SO THAT BEARS MAY TRY
TO TEST THAT LEVEL.

ALL THE CLOSINGS BELOW 5844 ARE
BEARS AREA AND FRESH SHORTS EXPECTED
AT 5800 AND AT 5844 LEVELS.BULLS START TO PLAY THE INNINGS IN STYLE.

Midcaps to participate for few sessions and then drop off: Ashwani Gujral
Next couple of months is going to be upswing and downswing alternatively but still you can easily make say 700-800 points on the Bank Nifty.

Bharti Airtel is a buy: Ambareesh Baliga
Even at 322 it is a buy because with the tariff hikes happening soon, you will have the stock possibly going back to the levels of 360-370.

Buy Bata India Ltd with target price of Rs 805: Mitesh Thacker
Buy Bata India Ltd at a stop of Rs 766.

Buy Bharat Forge Ltd with target price of Rs 238: Mitesh Thacker
ET Now 5 Mar 2013, 14:49

Buy Bharat Forge Ltd at a stop of Rs 216.

Buy Godrej Industries Ltd with target price of Rs 292: Ashwani Gujral
Buy Godrej Industries Ltd at a stop of Rs 275.

Buy Reliance Industries Ltd with target price of Rs 852: Ashwani Gujral
Buy Reliance Industries Ltd at a stop of Rs 820.

Buy Union Bank of India with target price of Rs 245: Ashwani Gujral
Buy Union Bank of India at a stop of Rs 220.