Stock Tips And Nifty Tips For 24/05/2013

NIFTY OUTLOOK FOR 24/05/2013

ASIAN MARKETS MELTING DOWN.
NIFTY FOLLOWING GLOBAL TRENDS.
BEARS AS EXPECTED ACTIVE BELOW 6088.
CLOSES AT 5967 AFTER TESTING LOW OF 5955.

TODAY LOW 5955 IS SUPPORT FOR BULLS.
BEARS WILL LEAD THE MARKET TO 5866
OR TO 5777 IF NIFTY CLOSE BELOW 5955.

ON THE UP SIDE,
BULLS HAVE TO SEE A CLOSE ABOVE 6088
TO TERMINATE THIS BEARISH MODE.

Sell Power Finance Corporation with a target of Rs 176: Mitesh Thacker 
Power Finance Corporation is a ‘SELL’ call with a target of Rs 176 and a stop loss of Rs 194.
.

Sell Jindal Steel with a target of Rs 283: Mitesh Thacker 
Jindal Steel is a ‘SELL’ call with a target of Rs 283 and a stop loss of Rs 300.

Sell NMDC with a target of Rs 105: Ashwani Gujral 
NMDC is a ‘SELL’ call with a target of Rs 105 and a stop loss of Rs 120.

Sell L&T with a target of Rs 1400:  Prakash Gaba

L&T is a ‘SELL’ call with a target of Rs 1350 and a stop loss of Rs 1500.

Sell SBI with a target of Rs 2120: Ashwani Gujral
SBI is a ‘SELL’ call with a target of Rs 2120 and a stop loss of Rs 2250.