Stock Tips And Nifty Tips For 23/05/2013

NIFTY OUTLOOK FOR 23/05/2013

BULLS NOT ABLE TO SUSTAIN THE EARLY
GAINS, SLIP DOWN FROM 6147, TAKE
SUPPORT AT 6088 AND CLOSES AT 6094.

BEARS WILL MORE ACTIVE BELOW 6088.
BULLS HAVE TO DEFEND 6088 ON CLOSING BASIS.
ELSE BEARS WILL TAKE THE DRIVER SEAT.

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

ON THE UP SIDE,
BULLS CAN TARGET 6311 AFTER A CLOSE
ABOVE 6222.

ON THE DOWNSIDE,
BEARS CAN BE MORE ACTIVE BELOW 6088.
5866 AND 5777 ARE THE DREAM DESTINATIONS
FOR BEARS.

Buy Zee Entertainment on Decline: Ambareesh Baliga

In case we see levels closer to about 225-230 for Zee, that should be the buying point for us.

Sell Voltas with a target of Rs 84: Mitesh Thacker 

"Voltas is a ‘Sell Today Buy Tommorrow’ call with a target of Rs 84 and a stop loss of Rs 88."

Sell Shree Renuka with a target of Rs 22: Mitesh Thacker 

"Shree Renuka is a ‘SELL’ call with a target of Rs 22 and a stop loss of Rs 24.05."

Sell Raymond with a target of Rs 288: Ashwani Gujral 

"Raymond is a ‘SELL Today and BUY Tommorrow’ call with a target of Rs 288 and a stop loss of Rs 304."

Buy Bharti Airtel with a target of Rs 322: Ashwani Gujral 

"Bharti Airtel is a ‘BUY today and Sell Tommorrow’ call with a target of Rs 322 and a stop loss of Rs 308."

Buy Dr Reddy’s with a target of Rs 2120: Ashwani Gujral 

Dr Reddy’s is a ‘Buy today and Sell Tommorrow’ call with a target of Rs 2120 and a stop loss of Rs 2045.

Buy Coal India with a target of Rs 325: CK Narayan 

"Coal India is a ‘BUY’ call with a target of Rs 325 and a stop loss of Rs 305."

Buy Castrol with a target of Rs 370: CK Narayan 

"Castrol is a ‘BUY’ call with a target of Rs 370 and a stop loss of Rs 330."