Stock Tips And Nifty Tips For 17/05/2013

NIFTY OUTLOOK FOR 17/05/2013

BULLS ARE ON THE WAY TO 6222.
ONLY A CLOSE BELOW 6044 CAN TERMINATE
THIS VIEW. TODAY CONSOLIDATION SEEN.

BULLS HAVE NO VALID REASONS TO GO
ABOVE 6222. ONLY TECHNICALS AND GLOBAL
TRENDS HELPING THEM. CAUTION NEEDED.

ON THE DOWNSIDE,
BEARS HAVE TO WAIT FOR CLEAR TREND
REVERSAL. AVOID SHORTING AT HIGH LEVEL.
6111 AND 6044 THE ARE SUPPORTS FOR BULLS.
5955 SEEMS LAST HOPES FOR BULLS.
MORE BEARS WILL COME BELOW 5955.
5866 AND 5777 ARE THE DREAM DESTINATIONS
FOR BEARS.

Buy Reliance Infra with a target price of Rs 436: Ashwani Gujral 

Reliance Infra is a 'BUY' call with a target of Rs 436 and a stop loss of Rs 410.

Buy PFC with a target price of Rs 215: Ashwani Gujral 

PFC is a 'BUY' call with a target of Rs 215 and a stop loss of Rs 199.

Buy JP Power with a target price of Rs 34: Ashwani Gujral 

JP Power is a 'BUY' call with a target of Rs 34 and a stop loss of Rs 25.

Buy IB Real Estate with a target price of Rs 93: Sandeep Wagle 

IB Real Estate is a 'BUY' call with a target of Rs 93 and a stop loss of Rs 82.

Sell NMDC with a target price of Rs 120: Sandeep Wagle 

NMDC is a 'SELL' call with a target of Rs 120 and a stop loss of Rs 126.50.

Buy Reliance Industries with a target price of Rs 860: Sandeep Wagle 

Reliance Industries is a 'BUY' call with a target of Rs 860 and a stop loss of Rs 829.

Buy Cipla with a target price of Rs 440: Sandeep Wagle 

Cipla is a 'BUY' call with a target of Rs 440 and a stop loss of Rs 415.