NIFTY OUTLOOK FOR 13/05/2014

NIFTY JUMP ABOVE 7000.
THIS IS 250SEATS EXPECTATION FOR NDA.
IF NDA SLIP DOWN BELOW 250 SOME CORRECTION
FOR NIFTY AHEAD.

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 Maruti Suzuki with a target of Rs 2,060: Mitesh Thacker

"Maruti Suzuki is a 'BUY' call with a target of Rs 2,060 and a stop loss of Rs 2,004."

Buy Reliance Power with a target of Rs 76: Mitesh Thacker

"Reliance Power is a 'BUY' call with a target of Rs 76 and a stop loss of Rs 70."

Buy PFC with a target of Rs 221: Ashwani Gujral

"PFC is a 'BUY' call with a target of Rs 221 and a stop loss of Rs 204."

Buy Coal India with a target of Rs 334: Ashwani Gujral

"Coal India is a 'BUY' call with a target of Rs 334 and a stop loss of Rs 315."

Buy Jain Irrigation with a target of Rs 104: Ashwani Gujral

"Jain Irrigation is a 'BUY' call with a target of Rs 104 and a stop loss of Rs 87."

NSE STOCKS