NIFTY OUTLOOK FOR 03/06/2014

MARKET EXPECT GOOD NEWS FROM RBI.
BANK NIFTY JUMP 400POINTS AND LIFT NIFTY
TO 7362 ABOVE THE PIVOT AT 7311.

ANOTHER 100POINTS THERE IF THE MARKET
EXPECTATIONS FULL FILLED BY RBI.
ANY HOW STORY FROM THE TECHNICAL SIDE
IS DIFFERENT.

TECHNICAL TELLS US SOME CORRECTION
IS ON THE WAY. THIS IS THE CORRECTION FOR
THE IMPULSIVE WAVE FROM 5118(28/08/2013)
TO 7563(19/05/2014) 2445POINTS.

6630, 6340, AND 6051 ARE THE FIBONACCI
RETRACEMENTS TARGETS. RBI BI-MONTHLY
STATEMENT ON TUESDAY.

AS PER TECHNICAL,
NOW THE WEEKLY PIVOT IS 7311.
ABOVE 7355 BULLS CAN TARGET 7488 AND 7577.
BELOW 7266 BEARS CAN TARGET 7133 AND 7044.

Buy Kotak Bank with a target of Rs 915: Mitesh Thacker

Buy Kotak Bank with stop loss of Rs 865 for target of Rs 915.

Buy GAIL with a target of Rs 405: Ashwani Gujral

Buy GAIL with stop loss of Rs 387 for target of Rs 405.

Buy JP Associates with a target of Rs 84: Ashwani Gujral

Buy JP Associates with stop loss of Rs 73 for target of Rs 84.

Buy IOB with a target of Rs 92: Ashwani Gujral

Buy IOB with stop loss of Rs 78, for target of Rs 92.

Buy Adani Enterprises with a target of Rs 525: Prakash Gaba

Buy Adani Enterprises with stop loss of Rs 460 for target of Rs 525.

Buy Reliance Industrial Infrastructure with a target of Rs 640: Prakash Gaba

Buy Reliance Industrial Infrastructure with stop loss of Rs 589 for target of Rs 640.

NSE STOCKS