NIFTY OUTLOOK FOR 27/05/2014

BULLS JUMP ABOVE 7488 AND MOVE TOWARDS
7577 ON THE OPENING HOURS. BUT PROFIT
BOOKING LEAD TO 7266. RESULT IN HIGH
VOLATILE TRADING DAY.

THE WEEKLY PIVOT MOVED TO 7355.
NOW, ALL THE CLOSES ABOVE
7355 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 7355.
ABOVE 7400 BULLS CAN TARGET 7488 AND 7577.
BELOW 7311 BEARS CAN TARGET 7222 AND 7133.

Buy Ambuja Cements with a target of Rs 240: Mitesh Thacker

"Ambuja Cements is a 'BUY' call with a target of Rs 240 and a stop loss of Rs 203."

Buy Godrej Industries with a target of Rs 345: Mitesh Thacker

"Godrej Industries is a 'BUY' call with a target of Rs 345 and a stop loss of Rs 290."

It is vital for the rupee to stabilise: Prateek Agarwal, ASK Investment Manager

Extreme high degree of volatility in the rupee on the stronger side helps the market, but may not be good for the economy.

Buy Wipro with a target of Rs 520: Prakash Gaba

"Wipro is a 'BUY' call with a target of Rs 520 and a stop loss of Rs 495."

Buy HCL with a target of Rs 1450: Prakash Gaba

"HCL is a 'BUY' call with a target of Rs 1450 and a stop loss of Rs 1345."

NSE STOCKS