NIFTY OUTLOOK FOR 26/03/2014

LOT OF CONSOLIDATION GOING ON.
ACTION SEEN IN SELECTIVE STOCKS.
BOTH NIFTY AND BANK NIFTY TRADED IN
TIGHT RANGE.

NOW BULLS ARE ON THE WAY TO 6644 AND 6688.

THE WEEKLY PIVOT IS NOW 6511.
ALL THE CLOSES ABOVE 6511 ARE BULLS AREA.

BEARS HAVE NO JOB ABOVE 6511.
BELOW 6466 BEARS WILL GET ACTIVE.
6377 AND 6288 ARE THE TARGETS FOR BEARS.

ALL THE FOLLOWING REMAIN SAME,
THE MAJOR BREAK OUT OF THE ASCENDING TRIANGLE
PATTERN FORMED IN MONTHLY CHART,
NEED A MONTHLY CLOSE ABOVE 6355.

Buy Bharat Forge with a target of Rs 436: Ashwani Gujral

Bharat Forge is a ‘BUY’ call with a target of Rs 436 and a stop loss of Rs 410.

Buy Dish TV with a target of Rs 56: Ashwani Gujral

Dish TV is a ‘BUY’ call with a target of Rs 56 and a stop loss of Rs 49.5.

Buy McLeod Russel with a target of Rs 304: Ashwani Gujral

McLeod Russel is a ‘BUY’ call with a target of Rs 304 and a stop loss of Rs 286.

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Buy VIP with a target of Rs 90: Mitesh Thacker

VIP is a ‘BUY’ call with a target of Rs 90 and a stop loss of Rs 78.

Buy Tata Steel with a target of Rs 385: Mitesh Thacker

Tata Steel is a ‘BUY’ call with a target of Rs 385 and a stop loss of Rs 359.

NSE STOCKS