NIFTY OUTLOOK FOR 04/03/2014

GLOBAL MARKET TURNING IN TO RED.
WAR FEAR STRIKING EUROPE MARKETS.
NIFTY SLIP DOWN TO 6213 AND CLOSES
AT WEEKLY PIVOT 6222.

AS POSTED HERE,
NO ONE READY TO TAKE BIG POSITIONS
ON THE LONG SIDE. VOLUMES GETTING
LOWER.

THREE MONTHS OF CHOPPY TRADE GETTING
OVER IN THIS WEEK END. HIGH VOLATILE
DAYS ARE AHEAD OF US UP TO JUNE 3014.

THE WEEKLY PIVOT IS 6222.
ALL THE CLOSES ABOVE 6222 ARE BULLS AREA.
THEY CAN MOVE TOWARDS 6355, 6400 AND 6444.

ANY CLOSE BELOW 6222 WILL BRING
BACK THE BEARS. THEN BEARS HAVE
6133 AND 6044 AS WEEKLY TARGETS.

Sell Reliance Infra with target price of Rs 340: Mitesh Thacker

Reliance Infra is a 'SELL' call with a target of Rs 340 and a stop loss of Rs 359.

Buy Titan Industries with target price of Rs 255: Mitesh Thacker

Titan Industries is a 'BUY' call with a target of Rs 255 and a stop loss of Rs 246.

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Sell REC with target price of Rs 175: Ashwani Gujral

REC is a 'SELL' call with a target of Rs 175 and a stop loss of Rs 193.

Sell BHEL with target price of Rs 148: Ashwani Gujral

BHEL is a 'SELL' call with a target of Rs 148 and a stop loss of Rs 167.

Buy Zee Entertainment with target price of Rs 282: Ashwani Gujral

Zee Entertainment is a 'BUY' call with a target of Rs 282 and a stop loss of Rs 263.

NSE STOCKS