NIFTY OUTLOOK FOR 16/08/2013

USD/INR TRADING AT 61.65.
CRUDE TRADING ABOVE 105 AT 107.20.
GLOBAL MARKETS FALL 2% ON THURSDAY.
LITTLE RED SEEN FOR NIFTY ON FRIDAY.
NOW 5688 IS STRONG SUPPORT FOR NIFTY.
CATCH THE DIPS ON FRIDAY.

AS POSTED HERE,
BEARS FEELS THAT NO MORE DOWNSIDE
IS THERE BELOW 5488. THEY ARE
SHIFTING TO 200DMA AT 5850.
NO BIG RESISTANCE SEEN UP TO 5850.

SO THE RANGE IS 5488 TO 5844.
CLOSE ABOVE 5844 CAN LIFT NIFTY TO 6333.
ALL THE CLOSES ABOVE 5666 IS BULLS AREA.
CLOSE BELOW 5488 WILL BRING
MORE BEARS AND PANIC SELLING.

Sell BHEL with target price of Rs 110: Ashwani Gujral

"BHEL is a ‘SELL’ call with a target of Rs 110 and a stop loss of Rs 121."

Sell Yes Bank with target price of Rs 285: Ashwani Gujral

"Yes Bank is a ‘SELL’ call with a target of Rs 285 and a stop loss of Rs 306."

Buy Tata Motor with target price of Rs 332: Ashwani Gujral

"Tata Motor is a ‘BUY’ call with a target of Rs 332 and a stop loss of Rs 308."

Buy Hindalco with target price of Rs 104: Sandeep Wagle

"Hindalco is a ‘BUY’ call with a target of Rs 104 and a stop loss of Rs 94."

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Buy ACC Ltd with target price of Rs 1,212: Sandeep Wagle

"ACC Ltd is a ‘BUY’ call with a target of Rs 1,212 and a stop loss of Rs 1,176."