NIFTY OUTLOOK FOR 12/12/2013

GLOBAL TRENDS PULL DOWN NIFTY.
BULLS RECOVER FROM 6280 LEVEL AND
MANAGE TO CLOSE ABOVE 6300 AT 6307.
BUT MOMENTUM SLIPPING DOWN.
BULLS CAN ACTIVE ONLY ABOVE 5422.

NOW 6266-88 LEVEL IS GOOD
SUPPORT FOR BULLS. ABOVE 6422 BULLS
CAN TARGET 6511.

SLIPPING BELOW 6266 WILL PUT IN THE
6155-6333 RANGE.

ON THE DOWNSIDE,
NOW 6155 LOOKS LIKE GOOD SUPPORT.
BEARS ARE WAITING BELOW 6155.
BEARS CAN GET MORE ACTIVE BELOW 6111.
THEN THEY CAN TARGET 5977 AND 5888.

Sell Tata Motors with a target of Rs 370: Mitesh Thacker

Tata Motors is a sell call with a target of Rs 370 and a stop loss of Rs 384.50.

Buy Hindustan Zinc with a target of Rs 145: Mitesh Thacker

Hindustan Zinc Ltd is a buy call with a target of Rs 145 and a stop loss of Rs 129.

Very tight stop on Lupin at 871: Prakash Gaba

Lupin is showing some signs of a breakout. A very tight stop on Lupin at 871 and target around 900 zone.

Dabur can climb to levels closer to 175: Prakash Gaba

Dabur gives a feeling that it can climb to levels closer to 175, can go to around 177 in a day or two, stop below 165.