NIFTY OUTLOOK FOR 28/03/2014

BULLS TOUCH 6644.
NOW ON THE WAY TO 6688.
LOT OF CONSOLIDATION NEEDED TO
MOVE ABOVE 6688.
FII’S MONEY FLOW LIKE ANYTHING.

MONDAY CLOSING IS IMPORTANT.
ANY CLOSE ABOVE 6355 ON MONDAY CONFIRM
THE BREAK OUT OF THE ASCENDING TRIANGLE.

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

BEARS HAVE NO JOB TO DO ABOVE 6511.
BELOW 6511 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 Allahabad Bank with a target of Rs 92: Mitesh Thacker

Allahabad Bank is a ‘BUY’ call with a target of Rs 92 and a stop loss of Rs 84.

Buy OBC with a target of Rs 215: Mitesh Thacker

OBC is a ‘BUY’ call with a target of Rs 215 and a stop loss of Rs 200.

Buy L&T Finance Holdings with a target of Rs 82: Ashwani Gujral

L&T Finance and Holdings is a ‘BUY’ call with a target of Rs 82 and a stop loss of Rs 70.

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Buy Jain Irrigation with a target of Rs 70: Ashwani Gujral

Jain Irrigation is a ‘BUY’ call with a target of Rs 70 and a stop loss of Rs 58.

Buy NTPC with a target of Rs 148: Ashwani Gujral

NTPC is a ‘BUY’ call with a target of Rs 148 and a stop loss of Rs 136.

NSE STOCKS