NIFTY OUTLOOK FOR 23/07/2013

USD/INR TRADING AT 59.62.
CRUDE TRADING ABOVE 105 AT 107.72.
NIFTY IN CONSOLIDATION MODE.
TRADE BETWEEN 6000 TO 6066 TODAY.

SO ON TUESDAY/WEDNESDAY ABOVE 6066
BULLS CAN LEAD TO 6133.
BELOW 6000 BEARS CAN SEE 5933.

AS POSTED HERE,
BULLS ARE ON THE WAY TO 6133.
BUT MOMENTUM SLOWING DOWN IN HOURLY,
NIFTY CHART TELLS AS LITTLE CONSOLIDATION
NEEDED BEFORE ANOTHER BIG MOVE.

RE-TESTING THE AT SUPPORT 5911-33 IS
ON THE CARD ON MONDAY OR TUESDAY.
BULLS CAN MAKE A FRESH MOVE FROM THERE.

ON THE DOWNSIDE,
LEVEL 5911-33 IS BIG SUPPORT FOR BULLS.
BULLS CAN MOVE TOWARDS 6133 AS LONG AS
NIFTY CLOSES ABOVE 5911.
ANY CLOSE BELOW 5911 WILL BRING MORE
BEARS. THEY CAN LEAD TO 5822 OR TO 5733.

Buy Dabur India with a target of Rs 182: CK Narayan

"Dabur India is a ‘BUY’ call with a target of Rs 182 and a stop loss of Rs 162."

Buy ICICI Bank Ltd with a target of Rs 995: Prakash Gaba

"ICICI Bank Ltd is a ‘BUY’ call with a target of Rs 995 and a stop loss of Rs 955."

Buy Century Textiles & Industries Ltd with a target of Rs 265: Prakash Gaba

"Century Textiles & Industries Ltd is a ‘BUY’ call with a target of Rs 265 and a stop loss of Rs 245."

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Buy CESC Ltd with a target of Rs 355: CK Narayan

"CESC Ltd is a ‘BUY’ call with a target of Rs 355 and a stop loss of Rs 340."