NIFTY OUTLOOK FOR 15/04/2013

AS PER ASTRO GREEN STARTING FOR NIFTY
FROM 21ST APRIL. SO NEGATIVE TREND SEEN FOR
ANOTHER FOUR TRADING DAYS.

BULLS DEFEND 5511 ON WEEKLY CLOSING BASIS.
5466 AND 5422 ARE NEXT DREAMS FOR BEARS.

AS BANKNIFTY START TO GIVE BULLISH SIGNALS,
WE HOPE, BULLS CAN TERMINATE THIS BEARISH
TREND AT 5466 OR 5422 LEVELS.

BUT, AS POSTED HERE,
BULLS CAN BREATH ONLY AFTER A CLOSE
ABOVE 5644 AS NOW 200DMA AT 5648.

THIS WEEK ALSO,

BANKING, INFRA, AND ADAG STOCKS WILL
TRADE IN GREEN.

RIL, IT, STEEL, AND AUTO STOCKS WILL
TRADE IN RED.

Some of the important results of the next week are CMC, RELIANCE, HCL TECH, YES BANK, TCS, INDUSIND BANK, MINDTREE and WIPRO. And the joker in the pack will be ESSAR PORTS.

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Buy Colgate-palmolive Ltd with a price target of Rs 1,390:

Mitesh Thacker

Buy Colgate-palmolive Ltd with a stop loss of about Rs 1,334

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Sell Coal India with a price target of Rs 290: Mitesh Thacker

Sell Coal India with a stop loss of about Rs 307.25.

Buy Canara Bank with a price target of Rs 402: Ashwani Gujral

Buy Canara Bank with a stop loss of about Rs 385.

Sell Bata India with a price target of Rs 700: Ashwani Gujral

Sell Bata India with a stop loss of about Rs 730.

Sell Mahindra & Mahindra with a price target of Rs 795: Ashwani Gujral

Sell Mahindra & Mahindra with a stop loss of about Rs 830.