NIFTY OUTLOOK FOR 26/05/2014

AFTER LOT OF CONSOLIDATION BULLS MAKE
ANOTHER UP MOVE ON FRIDAY. THE WEEKLY
PIVOT PLACED AT 7311.

BULLS SEE A WEEKLY CLOSE WELL ABOVE
7311 AT 7367. ALL THE CLOSES ABOVE
7311 ARE BULLS AREA. THEY CAN MOVE
TOWARDS, 7400, 7488, AND 7577.

BEARS CAN BREATH ONLY AFTER A CLOSE BELOW 7266.
THEN THEY CAN MOVE TOWARDS 7222, 7133 AND 7044,

AS PER TECHNICAL,
NOW THE WEEKLY PIVOT IS 7311.
ABOVE 7355 BULLS CAN TARGET 7488 AND 7577.
BELOW 7266 BEARS CAN TARGET 7133 AND 7044.

Buy Arvind Ltd. with a target of Rs 207: Mitesh Thacker

Arvind Ltd. is a 'BUY' call with a target of Rs 207 and a stop loss of Rs 199.

Buy Polaris with a target of Rs 220: Mitesh Thacker

Polaris is a 'BUY' call with a target of Rs 220 and a stop loss of Rs 194.

Buy Tata Chemicals with a target of Rs 335: Mitesh Thacker

Tata Chemicals is a 'BUY' call with a target of Rs 335 and a stop loss of Rs 316.5.

NSE STOCKS