NIFTY OUTLOOK FOR 12/05/2014

BLUE CHANNELS GIVING HOPES FOR
MODI GOVERNMENT. NOTHING BUT SHORT
COVERING LEAD NIFTY TO 6870.

EXIT POLL RESULTS ON MONDAY EVENING.
REAL FACTS ON FRIDAY.
HIGH VOLATILE WEEK AHEAD.

NIFTY DAILY CHART FORMED FALLING FLAG
PATTERN FROM 25/04 TO 08/05.
TODAY THE BREAK OUT HAPPENS.
THE TARGET FOR THIS PATTERN IS 7100.

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

WEEKLY PIVOT IS 6755.
ABOVE 6800, BULLS CAN TARGET 7022 AND 7111.
BELOW 6711, BEARS CAN TARGET 6488 AND 6400.

Buy PFC with a target of Rs 210: Mitesh Thacker

"PFC is a 'BUY' call with a target of Rs 210 and a stop loss of Rs 197."

Buy PNB with a target of Rs 850: Mitesh Thacker

"PNB is a 'BUY' call with a target of Rs 850 and a stop loss of Rs 793."

Buy ICICI Bank with a target of Rs 1,410: Ashwani Gujral

"ICICI Bank is a 'BUY' call with a target of Rs 1,410 and a stop loss of Rs 1,340."

Buy IDFC with a target of Rs 124: Ashwani Gujral

"IDFC is a 'BUY' call with a target of Rs 124 and a stop loss of Rs 110."

Buy Voltas with a target of Rs 174: Ashwani Gujral

"Voltas is a 'BUY' call with a target of Rs 174 and a stop loss of Rs 159."

NSE STOCKS