NIFTY OUTLOOK FOR 12/06/2014

7700 TOUCHED BY FLASH.
THIS MAY BE THE HIGH FOR NIFTY FOR SOME
DAYS OR FOR SOME WEEKS.

AS LONG AS NIFTY HOLD 7555 ON CLOSING
BASIS BULLS ARE DRIVING THE MARKETS.
BULLS NEXT TARGET AT 7733.

NOW THE WEEKLY PIVOT PLACED MOVED TO 7555.
ALL THE CLOSES ABOVE 7555 ARE BULLS AREA.
BULLS CAN MOVE TOWARDS 7733.

BEARS CAN BREATH AFTER A CLOSE BELOW 7511.
THEN THEY CAN MOVE TOWARDS 7377 AND 7288.

BUT AS THE MOMENTUM COMING DOWN,
AND THE PRICE GOING UP, THE PRICE GET
DIVERGENCE WITH THE MOMENTUM.
CAUTION AND STOPLOSS NEEDED FOR LONGS.

Buy Tata Consultancy Services Ltd with a target of Rs 2260: Ashwani Gujral

Tata Consultancy Services Ltd is a 'BUY' call with a target of Rs 2260 and a stop loss of Rs 2190.

Sell Housing Development & Infrastructure Ltd with a stop loss of Rs 105: Ashwani Gujral

Housing Development & Infrastructure Ltd is a 'SELL' call with a target of Rs 92 and a stop loss of Rs 105.

Buy Kotak Mahindra Bank Ltd with a target of Rs 965: Ashwani Gujral

Kotak Mahindra Bank Ltd is a 'BUY' call with a target of Rs 965 and a stop loss of Rs 900.

Buy Tata Consultancy Services Ltd with a target of Rs 2250: Mitesh Thacker

Tata Consultancy Services Ltd is a 'BUY' call with a target of Rs 2250 and a stop loss of Rs 2170.

Buy Britannia Industries Ltd with a target of Rs 1040: Mitesh Thacker

Britannia Industries Ltd is a 'BUY' call with a target of Rs 1040 and a stop loss of Rs 925.

Pooja PariyaJune 12, 2014 at 2:27 AM
Ranbaxy Laboratories had filed applications seeking to sell drugs in the US made at its Gurgaon plant, which is not on among those barred by the US Food and Drug Administration. Shares of tea manufacturing companies have seen smart rally on hopes of an upsurge in tea prices amid low productivity.
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