NIFTY OUTLOOK FOR 06/11/2013

BEARS APPLY BREAK ON THE BULLS MOVE.
GLOBAL TRENDS LEAD TRADERS TO PROFIT
BOOKING. NIFTY CLOSES AT 6253.

NOW 5222-44 LEVEL IS GOOD SUPPORT FOR
BULLS. ANY CLOSE BELOW 5222 WILL
BRING MORE BEARS AND WILL LEAD NIFTY
TO 6000 LEVEL.

ON FRIDAY 50DMA JUMP OVER THE 200DMA.
NOW 50DMA IS AT 5881 AND 200DMA IS AT 5857.
THIS GOLDEN CROSS OVER TELLS US THAT
NIFTY IS SHIFTING IN TO LONG TERM
BULLISH TREND.

NOW BULLS ARE ON THE WAY TO 6444/6511
BEFORE THAT RETESTING THE 6244-66 ON CARD
IN THIS WEEK AHEAD.
BUT THE TREND IS UP AS LONG AS
NIFTY HOLD 6222 ON CLOSING BASIS.

SO THE DIRECTION IS,
BULLISH ABOVE 6333 TARGET 6511.
BEARISH BELOW 6200 TARGET 6000.

Buy Sun TV with a target of Rs 460

Buy Sun TV with a target of Rs 460 and a stop loss of Rs 438: Sandeep Wagle.

Buy Jubilant Foods with target of Rs 1350

Buy Jubilant Foods with a target of Rs 1350 and a stop loss of Rs 1240: Sandeep Wagle.

Buy Adani Enterprises with a target of Rs 221

Buy Adani Enterprises with a target of Rs 221 and a stop loss of Rs 205: Sandeep Wagle.

Buy JK Tyre with a target of Rs 141

Buy JK Tyre with a target of Rs 141 and a stop loss of Rs 125: Ashwani Gujral.

Buy IL&FS Transport with a target of Rs 132

Buy IL&FS Transport with a target of Rs 132 and a stop loss of Rs 120: Ashwani Gujral.

Buy HSIL with a target of Rs 98