Stock Tips And Nifty Tips For 18/12/2013

NIFTY OUTLOOK FOR 18/12/2013

BULLS NOT ABLE TO HOLD THE GAP-UP.
NIFTY TAKING SUPPORT AT 6133-55 LEVEL.
BULLS WAITING FOR THE SIGNALS FROM RBI.

25BPS RATE HIKE DISCOUNTED IN THE SYSTEM.
MORE THAN THAT WILL BREAK THE 6133 SUPPORT.
AND BEARS WILL TAKE NIFTY TO 6022.

AS POSTED HERE,
NIFTY WILL TAKE CLEAR DIRECTION
AFTER 18/12/2013 AFTER THE RBI
Mid-Quarter REVIEW OF MONETARY POLICY 2013-2014.

GLOBAL MARKETS GOING TO DANCE ACCORDING
TO THE FED TAPERING TUNES.

STILL 6244 IS THE PIVOT FOR THE WEEK.
ABOVE 6244 BULLS CAN MOVE TOWARDS 6422.

LEVEL 6133-55 IS THE BIG SUPPORT FOR BULLS.
BELOW 6133 BEARS CAN TAKE NIFTY TO
5977 AND TO 5888.

Sell Bharat Forge with target price of Rs 298: Ashwani Gujral 

Bharat Forge is a ‘Sell’ with a target of Rs 298 and a stop loss of Rs 314.

Sell Canara Bank with target price of Rs 236: Ashwani Gujral 

Canara Bank is a ‘Sell’ with a target of Rs 236 and a stop loss of Rs 250.

Sell Apollo Tyres with target price of Rs 76: Ashwani Gujral 

Apollo Tyres is a ‘Sell’ with a target of Rs 76 and a stop loss of Rs 90.

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Sell Reliance with target of Rs 818: Mitesh Thacker 

Reliance is a ‘Sell’ with a target of Rs 818 and a stop loss of Rs 853.

Buy Zee Entertainment with target of Rs 305: Mitesh Thacker 

Zee Entertainment is a ‘Buy’ with a target of Rs 305 and a stop loss of Rs 282.