NIFTY OUTLOOK FOR 15/04/2014

ELECTION GOING ON.
LOT OF SPECULATIONS EXPECTED.
Q4 RESULTS ARE ON THE WAY.
TRADERS CAN EXPECT SOME
WILD MOVES IN NIFTY.

NOW THE WEEKLY PIVOT IS AT 6755.
SO ALL THE CLOSES ABOVE 6755 ARE BULLS
AREA. BULLS MAY TARGET 6844 AND 6933.

CLOSE BELOW 6711 WILL GIVE BREATH TO BEARS.
THEY HAVE 6666 AND 6577 AS TARGETS FOR
THIS WEEK.

SOME SELLING STARED FROM GLOBAL MARKETS.
NIFTY MAY TEST IMPORTANT MOVING AVERAGES,
BEFORE 06/05/2014. NOW 50DMA@6366 AND 200DMA@6071.

THIS 50DMA IS ALSO BREAK OUT POINT OF THE
ASCENDING TRIANGLE AND HAVING LOT OF CHANCES
FOR TO BE RE TESTED.

Sell United Spirit with target price of Rs 2,480: Ashwani Gujral

United Spirit is a ‘SELL’ call with a target of Rs 2,480 and a stop loss of Rs 2,665.

Buy Tata Comm with target price of Rs 315: Ashwani Gujral

Tata Comm is a ‘BUY’ call with a target of Rs 315 and a stop loss of Rs 290.

Buy Tata Chem with target price of Rs 303: Ashwani Gujral

Tata Chem is a ‘BUY’ call with a target of Rs 303 and a stop loss of Rs 285.

Buy Bharti Airtel with target price of Rs 330: Mitesh Thacker

Bharti Airtel is a ‘BUY’ call with a target of Rs 330 and a stop loss of Rs 318.

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Buy Biocon with target price of Rs 448: Mitesh Thacker

Biocon is a ‘BUY’ call with a target of Rs 448 and astop loss of Rs 430.

Buy Escorts with target price of Rs 140: Prakash Gaba

Escorts is a ‘Buy’ call with a target of Rs 140 and a stop loss of Rs 131.

Sell United Spirit with target price of Rs 2,480: Ashwani Gujral
United Spirit is a ‘SELL’ call with a target of Rs 2,480 and a stop loss of Rs 2,665.Buy Tata Comm with target price of Rs 315: Ashwani Gujral
Tata Comm is a ‘BUY’ call with a target of Rs 315 and a stop loss of Rs 290.Buy Tata Chem with target price of Rs 303: Ashwani Gujral
Tata Chem is a ‘BUY’ call with a target of Rs 303 and a stop loss of Rs 285.Buy Bharti Airtel with target price of Rs 330: Mitesh Thacker
Bharti Airtel is a ‘BUY’ call with a target of Rs 330 and a stop loss of Rs 318.

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