NIFTY OUTLOOK FOR 25/03/2014

BULLS JUMP ABOVE 6511 IN THE OPENING.
TOUCH 6591 AND CLOSES AT 6583.
NOW NIFTY ON THE WAY TO 6644 AND 6688.

THE WEEKLY PIVOT IS NOW 6511.
ALL THE CLOSES ABOVE 6511 ARE BULLS AREA.

BEARS HAVE NO JOB ABOVE 6511.
BELOW 6466 BEARS WILL GET ACTIVE.
6377 AND 6288 ARE THE TARGETS FOR BEARS.

ALL THE FOLLOWING REMAIN SAME,
THE MAJOR BREAK OUT OF THE ASCENDING TRIANGLE
PATTERN FORMED IN MONTHLY CHART,
NEED A MONTHLY CLOSE ABOVE 6355.

Buy Shriram Transport with a target of Rs 710: Ashwani Gujral

"Shriram Transport is a ‘BUY’ call with a target of Rs 710 and a stop loss of Rs 680."

Buy IOC with a target of Rs 265: Ashwani Gujral

"IOC is a ‘BUY’ call with a target of Rs 265 and a stop loss of Rs 247."

Buy GAIL with a target of Rs 384: Ashwani Gujral

"GAIL is a ‘BUY’ call with a target of Rs 384 and a stop loss of Rs 360."

Buy HDFC Bank with a target of Rs 760: Mitesh Thacker

"HDFC Bank is a ‘BUY’ call with a target of Rs 760 and a stop loss of Rs 740."

Buy UltraTech Cement with a target of Rs 2,040: Mitesh Thacker

"UltraTech Cement is a ‘BUY’ call with a target of Rs 2,040 and a stop loss of Rs 1,959."

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