Stock Tips and Nifty Tips 04/06/2014

NIFTY OUTLOOK FOR 04/06/2014

RBI LEAVES ALL THE RATES AS IT IS.
BANK NIFTY CLOSES FLAT. NIFTY CLOSES
WITH 53POINTS GAIN AT 7415.

ALL THE CLOSES ABOVE 7311 ARE BULLS AREA.
MORE UPSIDE SEEN ABOVE 7444 TREND LINE.
BULLS CAN MOVE TOWARDS 7488 AND 7577.

BUT AS THE MOMENTUM COMING DOWN,
TECHNICAL TELLS US SOME CORRECTION
IS ON THE WAY. THIS IS THE CORRECTION FOR
THE IMPULSIVE WAVE FROM 5118(28/08/2013)
TO 7563(19/05/2014) 2445POINTS.

6630, 6340, AND 6051 ARE THE FIBONACCI
RETRACEMENTS TARGETS.

AS PER TECHNICAL,
NOW THE WEEKLY PIVOT IS 7311.
ABOVE 7355 BULLS CAN TARGET 7488 AND 7577.
BELOW 7266 BEARS CAN TARGET 7133 AND 7044.

Buy Adani Ports with a target of Rs 256: Ashwani Gujral  "Adani Ports is a 'BUY' call with a target of Rs 256 and a stop loss of Rs 230." Buy Jindal Steel and Power with a target of Rs 350: Mitesh Thacker  "Jindal Steel and Power is a 'BUY' call with a target of Rs 350 and a stop loss of Rs 309." Buy Zee Learn with a target of Rs 40: Mitesh Thacker  "Zee Learn is a 'BUY' call with a target of Rs 40 and a stop loss of Rs 28.50."

Buy Adani Ports with a target of Rs 256: Ashwani Gujral 

"Adani Ports is a 'BUY' call with a target of Rs 256 and a stop loss of Rs 230."

Buy Sesa Sterlite with a target of Rs 315: Ashwani Gujral 

"Sesa Sterlite is a 'BUY' call with a target of Rs 315 and a stop loss of Rs 290."