NIFTY OUTLOOK FOR 23/05/2014

BULLS NOT ABLE TO MOVE BEYOND 7333.
BEARS NOT ABLE TO CLOSE BELOW 7244.
HOPE THE BREAK WILL HAPPEN ON FRIDAY OR MONDAY.

THE WEEKLY PIVOT IS NOW 7288.
NIFTY TRADING BETWEEN 7200-7333.

AFTER A CLOSE ABOVE 7333,
BULLS MAY TRY TO TOUCH 7563 AGAIN.

AFTER A CLOSE BELOW 7244,
BEARS MAY FILL THE GAP BETWEEN 6862-6067.

AS PER TECHNICAL,
NOW THE WEEKLY PIVOT IS 7288.
ABOVE 7333 BULLS CAN TARGET 7377 AND 7466.
BELOW 7244 BEARS CAN TARGET 7200 AND 7111.

Sell Tata Motors with a target of Rs 420: Mitesh Thacker

Tata Motors is a 'SELL' call with a target of Rs 420 and a stop loss of Rs 435.

Buy IDFC with a target of Rs 1025: Ashwani Gujral

IDFC is a 'BUY' call with a target of Rs 152 and a stop loss of Rs 130.

Buy Shriram Transport with a target of Rs 152: Ashwani Gujral

Shriram Transport is a 'BUY' call with a target of Rs 1025 and a stop loss of Rs 900.

Buy Reliance Industries with a target of Rs 1130: Ashwani Gujral

Reliance Industries is a 'BUY' call with a target of Rs 1130 and a stop loss of Rs 1100.

Buy Berger Paints with a target of Rs 280: Mitesh Thacker

Berger Paints is a 'BUY' call with a target of Rs 280 and a stop loss of Rs 248.

Buy Bata with a target of Rs 1175: Mitesh Thacker

Bata is a 'BUY' call with a target of Rs 1175 and a stop loss of Rs 1114.

Buy Balrampur Chini with a target of Rs 80: Prakash Gaba

Balrampur Chini is a 'BUY' call with a target of Rs 80 and a stop loss of Rs 71.

Buy Chambal Fertilisers with a target of Rs 55-60: Prakash Gaba

Chambal Fertilisers is a 'BUY' call with a target of Rs 55-60 and a stop loss of Rs 51.

Buy Tata Global with a target of Rs 165: Mitesh Thacker

Tata Global is a 'BUY' call with a target of Rs 165 and a stop loss of Rs 152.

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