Stock Tips And Nifty Tips For 21/04/2014

NIFTY OUTLOOK FOR 21/04/2014

BIG ELECTIONS GOING ON.
Q4 RESULTS MEETING THE STREET EXPECTATIONS.
BUT INFLATION NUMBER GIVING RED SIGNALS.
GLOBAL MARKETS MUTED. AT ANYTIME CORRECTION
MAT START FROM GLOBAL FRONT.

NIFTY TRADING IN 6644-6822 RANGE.
CLOSE ABOVE 6822 WILL LEAD NIFTY TO 7000.
CLOSE BELOW 6644 WILL LEAD TO 6466.

WEEKLY PIVOT IS 6755.
ABOVE 6800, BULLS CAN TARGET 6888 AND 6977.
BELOW 6711, BEARS CAN TARGET 6622 AND 6533

Buy State Bank of India at a target of Rs 2,040: Mitesh Thacker 

Buy State Bank of India at a stop loss of Rs 1,985 and target Rs 2,040.

Buy JK Tyres at a target of Rs 205.60: Mitesh Thacker 

Buy JK Tyres at a stop loss of Rs 190 and target Rs 205.60.

Consider aggressive buying on the Nifty: Mitesh Thacker 

Bank Nifty has managed to hold and bounce back from levels of 12,500 around those areas which is where the 20-day or 21 day exponential average is placed and that is a very positive set up.

Buy McLeod Russel (India) Ltd at a target of Rs 283: Ashwani Gujral 

Buy McLeod Russel (India) Ltd at a stop loss of Rs 268 and target Rs 283.

Buy Voltas Ltd at a target of Rs 172: Ashwani Gujral 

Buy Voltas Ltd at a stop loss of Rs 159 and target Rs 172.

Buy Aurobindo Pharma at a target price of Rs 575: Ashwani Gujral 

Buy Aurobindo Pharma at a stop loss of Rs 546 and target Rs 575.