NIFTY OUTLOOK FOR 07/05/2013

BULLS NEED SOME VALID REASONS TO JUMP
ABOVE 6000 AND TO GO ABOVE.

BEARS NEED GLOBAL TRENDS TO TURN IN TO
RED TO PULL DOWN NIFTY BELOW 5888.

RESULTING IN TO A RANGE BOUND CHOPPY
TRADING DAY.

GLOBAL MARKETS SEARCHING NEW LIFE TIME
HIGHS. BUT FOR NIFTY, UPA GOVT. HAVE
TO GIVE SOME CLEAR POSITIVE SIGNALS.

THE NEXT BIG RESISTANCE IS AT 6022.
AFTER A CLOSE ABOVE 6022 BULLS CAN
TARGET 6111.

Buy Sintex Industries with a target of Rs 53: Mitesh Thacker

"Sintex Industries is a ‘BUY’ call with a target of Rs 53 and a stop loss of Rs 48.50."

Buy Reliance Industries with a target of Rs 842: Mitesh Thacker

"Reliance Industries is a ‘BUY’ call with a target of Rs 842 and a stop loss of Rs 804."

Sell Axis bank with a target of Rs 1410: Ashwani Gujral

"Axis bank is a ‘SELL’ call with a target of Rs 1410 and a stop loss of Rs 1470."

Buy Raymond with a target of Rs 321: Ashwani Gujral

"Raymond is a ‘BUY’ call with a target of Rs 321 and a stop loss of Rs 299."

Buy Hindalco with a target of Rs 106: Ashwani Gujral

"Hindalco is a ‘BUY’ call with a target of Rs 106 and a stop loss of Rs 98.

NSE STOCKS