NIFTY OUTLOOK FOR 28/11/2013

NIFTY TRADING IN NO TRADE ZONE
FOR THREE DAYS. CLEAR DIRECTION
EXPECTED FROM THURSDAY.

BULLS CAN BE ACTIVE ONLY
ABOVE 6111. THEN 6200-44 CAN BE TESTED.

MORE BEARS WILL COME BELOW 6044.
LAST WEEK LOW 5972 IS THE GOOD SUPPORT FOR
BULLS. PANIC WILL LEAD NIFTY BELOW 5972.

THE TECHNICAL FOR THE WEEK AHEAD,
GREEN ABOVE 6066 TARGET 6155 AND 6244.
RED BELOW 5977 TARGET 5888 AND 5800.
NO TRADE ZONE 5977-6066.

Sell IDBI Bank Ltd with a target of Rs 58: Mitesh Thacker

IDBI Bank Ltd is a 'SELL' call with a target of Rs 58 and a stop loss of Rs 65.

Buy Biocon Ltd with a target of Rs 390: Mitesh Thacker

Biocon Ltd is a 'BUY' call with a target of Rs 390 and a stop loss of Rs 368.

Sell Maruti Suzuki India Ltd with a target of Rs 1590: Sandeep Wagle

Maruti Suzuki India Ltd is a 'SELL' call with a target of Rs 1590 and a stop loss of Rs 1655.

Buy Arvind Ltd with a target of Rs 130: Sandeep Wagle

Arvind Ltd is a 'BUY' call with a target of Rs 130 and a stop loss of Rs 121.

INDIAN SHARE MARKET