NIFTY OUTLOOK FOR 15/01/2014

LITTLE CONSOLIDATION SEEN IN NIFTY,
AFTER 100POINTS JUMP ON YESTERDAY.

AS LONG AS NIFTY CLOSES ABOVE 6222,
BULLS ARE ON THE WAY TO 6355.
CLOSE ABOVE 6355 WILL BRING SHORT
COVERING AND MORE JUMP EXPECTED.

IF NIFTY CLOSE BELOW 6222 AGAIN
6177-6222 RANGE ON CARD.
BELOW 6177 IT IS BEARS AREA.

NOW THE WEEKLY PIVOT IS 6177.
GOOD SUPPORT SEEN AT 6155-33 LEVEL.

REST REMAINS SAME AS FOLLOWS,
FOR THE WEEK AHEAD,
ABOVE 6222 BULLS CAN MOVE TOWARDS 6355.
BELOW 6133 BEARS CAN TEST 6000 LEVEL.

BIG BREAK OUT ABOVE 6350 OR BELOW 6000,
EXPECTED NEXT MONTH.

Buy Zee Entertainment with a target of Rs 275: Ashwani Gujral

Zee Entertainment is a sell with a stop of 292, target of 275.

Buy McLeod Russel with a target of Rs 321: Ashwani Gujral

McLeod Russel is a buy with a stop of 298, target of 321.

Buy CESC with a target of Rs 478: Ashwani Gujral

CESC it has been in a strong trend, it still looks strong so that is a buy with a stop of 450, target of 478.

Buy CESC with a target of 475: Mitesh Thacker

CESC can be bought with a stop at 452 for targets of around 475.

Buy Divi’s Lab with a target of 1350: Mitesh Thacker

Divi’s Lab is a buy with a stop below 1274 for targets of around 1350.

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