NIFTY OUTLOOK FOR 18/03/2014

AGAIN TAPERING FEAR STARTED IN US.
AGAIN WAR CLOUDS OVER UKRAINE.
GLOBAL MARKETS START TO SLIP.
GOLD PRICE START TO JUMP.

IN INDIA PRE-POLL SURVEY RESULTS
GUIDING NIFTY. BUT THE RELIABILITY OF THE
SURVEY AND THE MEDIAS ARE COMING DOWN.

THE LONG LEGGED DOJI FORMED IN THE
NIFTY WEEKLY CHART INDICATES THAT THE
PAST RALLY GET OVER.

THE WEEKLY PIVOT IS 6511.
SO ABOVE 6555 BULLS CAN TARGET 6600 AND 6688.
BELOW 6466 BEARS CAN TARGET 6377 AND 6288.

AS POSTED HERE, FOR THE MAJOR
BREAK OUT OF THE ASCENDING TRIANGLE
PATTERN FORMED IN MONTHLY CHART,
NEED A MONTHLY CLOSE ABOVE 6355.

Buy UPL with target price of Rs 188: Ashwani Gujral

UPL is a 'BUY' call with a target of Rs 188 and a stop loss of Rs 175.

Buy GAIL with target price of Rs 386: Ashwani Gujral

GAIL is a 'BUY' call with a target of Rs 386 and a stop loss of Rs 368.

Buy Aurobindo Pharma with target price of Rs 530: Ashwani Gujral

Aurobindo Pharma is a 'BUY' call with a target of Rs 530 and a stop loss of Rs 508.

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Sell Wipro with target price of Rs 525: Mitesh Thacker

Wipro is a 'SELL' call with a target of Rs 525 and a stop loss of Rs 556.

Buy Dr Reddy's with target price of Rs 2830: Mitesh Thacker

Dr Reddy's is a 'BUY' call with a target of Rs 2830 and a stop loss of Rs 2773.

NSE STOCKS