NIFTY OUTLOOK FOR 09/12/2013

AS PER EXIT POLLS BJP CAN SWEEP 4 OUT OF
THE 5 STATES. MARKET HAVE DISCOUNTED THAT AND
NIFTY CLOSES AT 6259 ON FRIDAY.

ON SUNDAY IF THE EXIT POLLS MEET THE
REAL RESULTS, THEN BULLS CAN TAKE THE NIFTY
ABOVE 5400 LEVELS.

BUT, FEW EXT POLLS TELLS US, THAT,
NECK TO NECK RACE EXPECTED IN CHATTISGARH,
AND AAM AADMI CAN CHANGE THE GAME IN DELHI.
IF THIS VIEW MEET THE REAL RESULTS, THEN
BEARS WILL START THE INNINGS.

THE DOUBLE TOP PATTERN FORMING IN HOURLY
NIFTY CHART HAVE DEEP TARGET AT 5644 LEVEL.

THE TECHNICAL FOR THE WEEK AHEAD,
ON THE DOWNSIDE,
NOW 6155 LOOKS LIKE GOOD SUPPORT.
BEARS ARE WAITING BELOW 6155.
BEARS CAN GET MORE ACTIVE BELOW 6111.
THEN THEY CAN TARGET 5977 AND 5888.

ON THE UPSIDE,
IT IS BULLS AREA AS LONG AS NIFTY HOLD
6155 ON CLOSING BASIS. BULLS CAN TARGET
6333 AND 6422 IN THIS WEEK AHEAD.

Buy IDFC with target of Rs 120: Mitesh Thacker

Buy IDFC with a stop loss of Rs 108 for target of Rs 120.

Buy Adani Port with target of Rs 174: Mitesh Thacker

Buy Adani Port with a stop loss of Rs 158 for target of Rs 174.

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Buy Titan with target price of Rs 245: Ashwani Gujral

Buy Titan with a stop loss of Rs 230 for target of Rs 245.

Buy Arvind with target price of Rs 138: Ashwani Gujral

Buy Arvind with a stop loss of Rs 126 for target of Rs 138.