NIFTY OUTLOOK FOR 10/09/2013

BULLS SEE A WEEKLY CLOSE AT 5680.
NOW 5488 IS STRONG SUPPORT.
NO PROBLEM FOR BULLS AS LONG AS
NIFTY HOLD 5488 ON CLOSING.
BULLS CAN MOVE TOWARDS 5888 IN
THIS WEEK AHEAD.

LAST WEEK,
NIFTY RALLY FROM 5118 TO 5580,
462 POINTS. 50% CORRECTION IS AT
5349 TESTED ON MONDAY.
OTHER TARGET IS 61.8% AT 5295.
TUESDAY LOW IS 5318. CORRECTED 262 POINTS.
SO THE TARGET ABOVE 5580 IS 5842.

Buy Future Retail with a target of Rs 85: Mitesh Thacker

Future Retail is a 'BUY' call with a target of Rs 85 and a stop loss of Rs 72.50.

Buy Cipla with a target of Rs 455: Mitesh Thacker

Cipla is a 'BUY' call with a target of Rs 455 and a stop loss of Rs 423.

Sell Bank of Baroda with a target of Rs 472: Ashwani Gujral

Bank of Baroda is a 'SELL' call with a target of Rs 472 and a stop loss of Rs 500.

Buy Sesa Goa with a target of Rs 192: Ashwani Gujral

Sesa Goa is a 'BUY' call with a target of Rs 192 and a stop loss of Rs 176.

Buy Bharti with a target of Rs 322: Ashwani Gujral

"Bharti is a 'BUY' call with a target of Rs 322 and a stop loss of Rs 305."