Stock Tips And Nifty Tips For 16/04/2013

NIFTY OUTLOOK FOR 16/04/2013

GOLD MELTING DOWN.
VOLATILE MOVES SEEN IN GLOBAL MARKETS.
NO WAY, NIFTY HAVE TO DANCE TO THE GLOBAL
TUNES.

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

............................................................................

Buy IOC with a price target of Rs 318: Mitesh Thacker 

Buy Indian Oil Corporation with a stop loss of about Rs 293 and look for a price target of Rs 318.

Sell Sterlite Industries with a stop loss of Rs 90: Ashwani Gujral 

Sell Sterlite Industries (India) with a stop loss of about Rs 90 and look for a price target of Rs 78.

Buy United Spirits with a price target of Rs 2060: Ashwani Gujral 

Buy United Spirits with a stop loss of about Rs 1985 and look for a price target of Rs 2060.

Buy Canara Bank with a price target of Rs 423: Ashwani Gujral 

Buy Canara Bank with a stop loss of about Rs 406 and look for a price target of Rs 423.

Sell SAIL with a price target of Rs 54: Mitesh Thacker

Sell Steel Authority of India with a stop loss of about Rs 60 and look for a price target of Rs 54.