NIFTY OUTLOOK FOR 02/05/2013

GLOBAL MARKETS GETTING CONSOLIDATION
AT HIGH LEVELS. GLOBAL TRENDS LIFTING
NIFTY TO HIGH LEVEL.

BUT UPA GOVT. AND DOMESTIC FACTORS
PULLING DOWN NIFTY. RESULTING IN
VOLATILE TRADING DAY.

BOTH BULLS AND BEARS ARE WAITING FOR
THE SIGNALS FROM RBI.

THE NEXT BIG RESISTANCE IS AT 5955.
AFTER A CLOSE ABOVE 5955 BULLS CAN
TARGET 6044.

ON THE DOWNSIDE 5866, 5822, AND 5755
ARE THE SUPPORTS.

ASTRO SIGNALS SOME GREEN FOR NIFTY
UP TO 12TH JUNE. BUT SAME ASTRO
SIGNALS CONSOLIDATION AND CORRECTION
FOR BANK NIFTY UP TO 26TH MAY

5666-6111 RANGE OF MARKET
SEEN UP TO 25TH MAY 2013.

Buy Shriram Transport Finance Co Ltd with a target of Rs 755: Mitesh Thacker

"Shriram Transport Finance Co Ltd is a buy call with a target of Rs 755 and stop loss of Rs 709."

Sell Financial Technologies Ltd with a target of Rs 780: Ashwani Gujral

"Financial Technologies Ltd is a 'Sell' call with a target of Rs 780 and stop loss of Rs 820."

Buy Coal India Ltd with a target of Rs 328: Ashwani Gujral

"Coal India Ltd is a buy call with a target of Rs 328 and stop loss of Rs 314."

Buy Lupin Ltd with a target of Rs 721: Ashwani Gujral

"Lupin Ltd is a buy call with a target of Rs 721 and stop loss of Rs 694."

Sell Larsen & Toubro Ltd with a target of Rs 1,450: CK Narayan

"Larsen & Toubro Ltd is a 'Sell' call with a target of Rs 1,450 and stop loss of Rs 1,515."

...........................................................................

Sell Shree Renuka Sugars Ltd with a target of Rs 22.50: Mitesh Thacker

"Shree Renuka Sugars Ltd is a 'Sell' call with a target of Rs 22.50 and stop loss of Rs 24.60."

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