NIFTY OUTLOOK FOR 07/04/2014

GLOBAL TRENDS MUTED.
AT ANY TIME BEARISH MOVE MAY START.
DII’S STARTED SELLING.
FII’S START TO STOP BUYING.

THE WEEKLY PIVOT IS 6711.
NIFTY CLOSE JUST BELOW AT 6694.
ANY CLOSE BELOW 6666 WILL BRING MORE BEARS.
6622 AND 6533 ARE THE BEARS WEEKLY TARGETS.

BULLS WILL GET ACTIVE AFTER A CLOSE ABOVE 6755.
THEN, 6800 AND 6888 ARE THE TARGETS.

Buy MMTC with a target of Rs 70: Mitesh Thacker

MMTC is a ‘BUY’ call with a target of Rs 70 and a stop loss of Rs 55.

Buy Escorts with a target of Rs 138-140: Mitesh Thacker

Escorts is a ‘BUY’ call with a target of Rs 138-140 and a stop loss of Rs 118.

Buy BPCL with a target of Rs 475: Ashwani Gujral

BPCL is a ‘BUY’ call with a target of Rs 475 and a stop loss of Rs 448.

Buy HPCL with a target of Rs 335: Ashwani Gujral

HPCL is a ‘BUY’ call with a target of Rs 335 and a stop loss of Rs 312.

Buy IOC with a target of Rs 295: Ashwani Gujral

IOC is a ‘BUY’ call with a target of Rs 295 and a stop loss of Rs 278.

NSE STOCKS