NIFTY OUTLOOK FOR 31/07/2013

USD/INR TRADING AT 60.90.
CRUDE TRADING AROUND 105 AT 103.70.
RBI NOT ABLE TO CONTROL THE RUPEE
VOLATILE MOVES. BEARS PAYING THE INNINGS.
BEARS TAKES AWAY 5850 200DMA YESTERDAY.
TODAY CLOSES AT 5755.

AS EXPECTED BEARS TAKE NIFTY BELOW 5777.
NOW 5688 IS THE NEXT TARGET FOR BEARS.
BEFORE THAT 5733-55 LEVEL MAY GIVE
SOME SUPPORT TO THE BULLS.

ON THE UP SIDE,
BULLS HAVE SEE A CLOSE ABOVE 5850 AND
THEN A CLOSE ABOVE 5955.
THEN ONLY THEY CAN THINK ABOUT THE
FURTHER UP MOVE.
ALL THE BOUNCES BELOW 5955 WILL BE
SHORTED BY BEARS.

Sell Ambuja Cements Ltd with target price of Rs 160: Mitesh Thacker

Sell Ambuja Cements at a stop of Rs 172.5.

Sell Siemens with target price of Rs 485: CK Narayan

Sell Siemens at a stop of Rs 515.

Buy Wipro Ltd with target price of Rs 430: CK Narayan

Buy Wipro Ltd at a stop of Rs 407.

Sell BHEL with target price of Rs 144: Sandeep Wagle

Sell BHEL at a stop of Rs 157.

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Sell DLF Ltd with target price of Rs 156: Mitesh Thacker

Sell DLF Ltd at a stop of Rs 164.