NIFTY OUTLOOK FOR 18/06/2014

AFTER LOT OF CONSOLIDATION BULLS
JUMP ABOVE 7555 AND ALSO ABOVE 7600.
SEE A CLOSE AT 7631.

BULLS CAN SET NEW HIGH IF ABLE TO
CLOSE ABOVE 7700. 7912 IS THE TARGET.
BUT CAUTION NEEDED AS LOW MOMENTUM.

NOW THE WEEKLY PIVOT PLACED AT 7600.
ALL THE CLOSES ABOVE 7600 ARE BEARS AREA.

BEARS HAVE TO SEE A CLOSE BELOW 7600
FOR BREATH AND CLOSE BELOW 7555 FOR
FURTHER DOWN MOVE.

AS PER TECHNICAL,
NOW THE WEEKLY PIVOT IS 7600.
ABOVE 7644 BULLS CAN TARGET 7733 AND 7822.
BELOW 7555 BEARS CAN TARGET 7466 AND 7377.

Buy JustDial with a target of Rs 1425: Mitesh Thacker

"JustDial is a 'BUY' call with a target of around Rs 1425 and a stop loss of Rs 1345."

Buy Asian Paints with a target of Rs 580: Mitesh Thacker

"Asian Paints is a 'BUY' call with a target of around Rs 580 and a stop loss of Rs 540."

Buy HCL Technologies with a target of Rs 1510: Ashwani Gujral

"HCL Technologies is a 'BUY' call with a target of Rs 1510 and a stop loss of Rs 1460."

Buy Tata Chemical with a target of Rs 348: Ashwani Gujral

"Tata Chemical is a 'BUY' call with a target of Rs 348 and a stop loss of Rs 330."

Nifty and Bank Nifty have bottomed out and is on an uptrend: Ashwani Gujral

"Nifty and Bank Nifty have bottomed out and are now in an uptrend. So people should be long on Nifty and Bank Nifty."

Buy GAIL with a target of Rs 450: Mitesh Thacker

"GAIL is a 'BUY' call with a target of Rs 450 and a stop loss of Rs 432."

Sell Crompton with a stop loss of Rs 201: Mitesh Thacker

"Crompton is a 'SELL' call with a target of Rs 180 and a stop loss of Rs 201."

Buy UltraTech Cement with a target of Rs 2880: Prakash Gaba

"UltraTech Cement is a 'BUY' call with target levels closer to Rs 2880 and a stop loss below Rs 2760."

NSE STOCKS