NIFTY OUTLOOK FOR 13/06/2014

IT INDEX SUPPORT NIFTY IN MORNING.
IIP EXPECTATIONS LIFT NIFTY AT CLOSING.
BUT MORE GREEN ONLY ABOVE 7711.

AS LONG AS NIFTY HOLD 7622 ON CLOSING
BASIS BULLS ARE DRIVING THE MARKETS.
BULLS NEXT TARGET AT 7755.

NOW THE WEEKLY PIVOT PLACED MOVED TO 7622.
ALL THE CLOSES ABOVE 7622 ARE BULLS AREA.
BULLS CAN MOVE TOWARDS 7755.

BEARS CAN BREATH AFTER A CLOSE BELOW 7577.
THEN THEY CAN MOVE TOWARDS 7488 AND 7400.

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

AS PER TECHNICAL,
NOW THE WEEKLY PIVOT IS 7622.
ABOVE 7666 BULLS CAN TARGET 7711 AND 7755.
BELOW 7577 BEARS CAN TARGET 7488 AND 7400.

Buy HDFC Bank with a target of Rs 863: Sandeep Wagle

HDFC Bank is a 'BUY' call with a target of Rs 863 and a stop loss of Rs 830.

Buy Monsanto with a target of Rs 2290: Sandeep Wagle

Monsanto is a 'BUY' call with a target of Rs 2290 and a stop loss of Rs 2070.

Buy Hindalco with a target of Rs 178: Ashwani Gujral

Hindalco is a 'BUY' call with a target of Rs 178 and a stop loss of Rs 164.

Buy HDFC Bank with a target of Rs 870: Ashwani Gujral

HDFC Bank is a 'BUY' call with a target of Rs 870 and a stop loss of Rs 835.

Buy Tata Motors with a target of Rs 321: Ashwani Gujral

Tata Motors is a 'BUY' call with a target of Rs 321 and a stop loss of Rs 302.

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