NIFTY OUTLOOK FOR 05/07/2013

USD/INR TRADING AT 60.25.
CRUDE TRADING ABOVE 100 AT 101.13.
BULLS RECOVERED FROM YESTERDAY LOSSES.
NIFTY CLOSES AT 5836.

ABOVE 5844 BULLS
CAN TARGET 5933 AND 5977.
5977-6000 SEEMS STRONG RESISTANCE.

BEARS CAN ACTIVE ONLY BELOW 5777.
5688 LEVEL LOOKING AS GOOD SUPPORT.
BELOW 5777,
BEARS CAN LEAD NIFTY TO 5711 OR 5688.

Buy Reliance Power above Rs 68: Mitesh Thacker

Buy Reliance Power above Rs 68 with a stop loss of Rs 66 and

look for a price target of about Rs 73-74.

Sell Asian Paints is it starts trading below Rs 4535: Mitesh Thacker

Sell Asian Paints in case the stock starts trading below Rs 4535 with a stop loss of Rs 4600-4610.

Sell BHEL with a target of Rs 166: Ashwani Gujral

Sell Bharat Heavy Electricals with a stop loss of Rs 178 and look for a price target of Rs 166.

Buy ITC with a target of Rs 345: Ashwani Gujral

Buy ITC with a stop loss of Rs 330 and look for a price target of Rs 345.

Buy HCL Tech with a target of Rs 815: Ashwani Gujral

Buy HCL Technologies with a stop loss of Rs 786 and look for a price target of Rs 815.

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