NIFTY OUTLOOK FOR 29/05/2014

NIFTY HOVERING AROUND 7333.
AS POSTED HERE,
MAY SETTLEMENT ON THE WAY.
FIRE WORKS AND THE FESTIVALS ARE OVER.
TIME TO RE VISIT FACTS AND BASICS.

SELLING SEEN IN ALL RISES.
SLOWLY BEARS GETTING ACTIVE.
TODAY ALSO NIFTY CLOSE BELOW
THE PIVOT-7355 AT 7329.

ANY HOW MORE SELLING EXPECTED BELOW 7266.
7177 AND 7088 ARE THE TARGETS FOR BEARS.

THE WEEKLY PIVOT MOVED TO 7355.
BULLS HAVE TO SEE A CLOSE ABOVE 7355.
THEN THEY CAN MOVE TOWARDS, 7400, 7488, AND 7577.

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 Petronet with a target of Rs 164: Ashwani Gujral

Petronet is a 'BUY' call with a target of Rs 164 and a stop loss of Rs 150.

Sell HPCL with a target of Rs 390: Ashwani Gujral

HPCL is a 'SELL' call with a target of Rs 390 and a stop loss of Rs 415.

Buy Grasim with a target of Rs 3250: Mitesh Thacker

Grasim is a 'BUY' call with a target of Rs 3250 and a stop loss of Rs 3115.

Buy HCL Tech with a target of Rs 1417: Mitesh Thacker

HCL Tech is a 'BUY' call with a target of Rs 1417 and a stop loss of Rs 1390.

Buy ACC with a target of Rs 1410: Ashwani Gujral

ACC is a 'BUY' call with a target of Rs 1410 and a stop loss of Rs 1360.

NSE STOCKS