NIFTY OUTLOOK FOR 08/05/2013

GLOBAL TRENDS SUPPORTED BULLS.
KARNATAKA EXIT POLL FAVOR UPA.
BULLS SEE A CLOSE ABOVE 6022 AT 6044.

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

AS POSTED HERE
AFTER A CLOSE ABOVE 6022 BULLS CAN
TARGET 6111.

BUT 6111 LEVEL SEEM STRONG RESISTANCE.
EXTRA ENERGY NEEDED FOR BULLS TO
JUMP OVER 6111 LEVEL.

ON THE DOWNSIDE 5955, 5866, AND 5777
ARE THE SUPPORTS.

ASTRO SIGNALS GREEN FOR NIFTY
UP TO 12TH JUNE.

ASTRO SIGNALS CONSOLIDATION AND
CORRECTION FOR BANK NIFTY UP TO 26TH MAY.

5711-6111 RANGE OF MARKET
SEEN UP TO 26TH MAY 2013.

GOOD GREEN SEEN FOR NIFTY FROM
28TH MAY TO 12TH JUNE.

Buy Rural Electrification Corporation Ltd with a target of Rs 245: Sandeep Wagle

"Rural Electrification Corporation Ltd is a ‘BUY’ call with a target of Rs 245 and a stop loss of Rs 225."

Sell Coal India Ltd with a target of Rs 300: Mitesh Thacker

"Coal India Ltd is a ‘SELL’ call with a target of Rs 300 and a stop loss of Rs 315.05."

Buy Bharat Forge Ltd with a target of Rs 250: Mitesh Thacker

"Bharat Forge Ltd is a ‘BUY’ call with a target of Rs 250 and a stop loss of Rs 237."

Buy Titan Industries Ltd with a target of Rs 291: Ashwani Gujral

"Titan Industries Ltd is a ‘BUY’ call with a target of Rs 291 and a stop loss of Rs 275."

Buy United Spirits Ltd with a target of Rs 2,420: Ashwani Gujral

"United Spirits Ltd is a ‘BUY’ call with a target of Rs 2,420 and a stop loss of Rs 2,300."

Buy ITC Ltd with a target of Rs 345: Ashwani Gujral

"ITC Ltd is a ‘BUY’ call with a target of Rs 345 and a stop loss of Rs 328.

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Buy Hero Motocorp Ltd with a target of Rs 1,760: Sandeep Wagle

"Hero Motocorp Ltd is a ‘BUY’ call with a target of Rs 1,760 and a stop loss of Rs 1,665."

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