NIFTY OUTLOOK FOR 19/06/2014

BULLS NOT ABLE TO SUSTAIN THE MORNING GAINS.
BEARS HIT NIFTY TO 7511 LEVEL.
AFTER VOLATILE MOVES NIFTY CLOSES AT 7558.

NOW 7488 IS BIG BIG SUPPORT FOR BULLS.
IF NIFTY CLOSE BELOW 7488 THEN BEARS
CAN LEAD NIFTY TO 7400 AND TO 7311.

REST REMAIN AS FOLLOWS,
BULLS CAN SET NEW HIGH IF ABLE TO
CLOSE ABOVE 7700. 7912 IS THE TARGET.
BUT CAUTION NEEDED AS LOW MOMENTUM.

NOW THE WEEKLY PIVOT PLACED AT 7600.
ALL THE CLOSES ABOVE 7600 ARE BEARS AREA.

BEARS HAVE TO SEE CLOSE BELOW 7555 FOR
FURTHER DOWN MOVE.

AS PER TECHNICAL,
NOW THE WEEKLY PIVOT IS 7600.
ABOVE 7644 BULLS CAN TARGET 7733 AND 7822.
BELOW 7555 BEARS CAN TARGET 7466 AND 7377.

Buy Infosys with a target of Rs 3,295: Mitesh Thacker

"Infosys is a 'BUY' call with a target of Rs 3,295 and a stop loss of Rs 3,234."

Sell ICICI Bank with a target of Rs 1390: Mitesh Thacker

"ICICI Bank is a 'SELL' call with a target of Rs 1390 and a stop loss of Rs 1437."

Expect markets to inch higher despite geo-political problems: Mehraboon Irani

We are going to see much higher levels, but at the end of it, I am not completely disowning the geopolitical problems - the Iraq problem.

Buy Sesa Sterlite with a target of Rs 320: Prakash Gaba

"Sesa Sterlite is a 'BUY' call with a target of Rs 320 and a stop loss of Rs 299."

NSE STOCKS