Stock Tips And Nifty Tips For 02/05/2014

NIFTY OUTLOOK FOR 02/05/2014

BEARS ARE PLAYING THE INNINGS.
ON WEDNESDAY REACHED THE LOWER END OF THE
6644-6822 RANGE.

BULLS HAVE TO DEFEND 6644 ON CLOSING BASIS.
CLOSE BELOW 6644 WILL LEAD NIFTY TO 6466.

6622 IS NEXT WEEKLY TARGET FOR BEARS.
BULLS NEED A CLOSE ABOVE 6755 TO APPLY
BREAK ON THE BEARS.

BUT MARKETS ARE LEAD BY NEWS FLOWS AS
BIG ELECTION IS GOING ON.
TAKING MINIMUM POSITION IS GOOD FOR TRADERS.

MOMENTUM SLIPPING DOWN IN THE NIFTY
HOURLY CHART. TRADERS CAN WAIT FOR SOME
CORRECTION UP TO 06/05/2014 BEFORE TAKING
POSITION TARGETING 16/05/2104.

WEEKLY PIVOT IS 6800.
ABOVE 6844, BULLS CAN TARGET 6888 AND 6977.
BELOW 6755, BEARS CAN TARGET 6711 AND 6622.

Sell L&T Finance with a stop loss of Rs 67.50: Mitesh Thacker 

"L&T Finance is a 'SELL' call with a target of Rs 60 and a stop loss of Rs 67.50."

Sell Jubilant Food with a stop loss of Rs 960: Mitesh Thacker 

"Jubilant Food is a 'SELL' call with a target of Rs 900 and a stop loss of Rs 960."

Buy Future Retail with a target of Rs 142: Ashwani Gujaral  "Future Retail is a 'BUY' call with a target of Rs 142 and a stop loss of Rs 128." Sell JSW Energy with a stop loss of Rs 56: Ashwani Gujral  "JSW Energy is a 'SELL' call with a target of Rs 47 and a stop loss of Rs 56." Sell Adani Power with a stop loss of Rs 49: Ashwani Gujral  "Adani Power is a 'SELL' call with a target of Rs 41 and a stop loss of Rs 49."