Stock Tips And Nifty Tips For 13/11/2013

NIFTY OUTLOOK FOR 13/11/2013

POOR EXPECTATION ABOUT IIP DATA AND FEAR
OVER THE INFLATION NUMBERS HIT NIFTY TODAY.
BEARS REACHED THE FIRST TARGET 6022.
THE NEXT TARGET FOR BEARS IS 5933.

BEFORE THAT 6000-6022 IS GOOD SUPPORT
FOR BULLS. BUT BULLS HAVE TO SEE A CLOSE
ABOVE 6111 TO GET SOME BREATH AND TO
SEE A CLOSE ABOVE 6222 TO TAKE THE DRIVER
SEAT OF THE MARKET.

SO THE DIRECTION IS,
BULLISH ABOVE 6222 TARGET 6311 AND 6400.
BEARISH BELOW 6111 TARGET 6022 AND 5933.

NOW NIFTY IS ATTEMPTING FOR A MAJOR
BREAK-UP IN ASCENDING TRIANGLE PATTERN
SEEN IN MONTHLY CHART.

FOR CONFIRMATION OF BREAK OUT,
MONTHLY CLOSE ABOVE 6357 IS NEEDED.
TARGET 6357+(6357-2252)=10462.

BEFORE THAT BREAK-UP HIGH VOLATILE
DAYS ARE AHEAD FOR TWO OR THREE MONTHS.

Sell Reliance Communications with a target of Rs 122: Ashwani Gujral

Sell Reliance Communications with a stop of Rs 136, target of Rs 122: Ashwani Gujral.

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

Buy Canara Bank with a target of Rs 825: Ashwani Gujral 

Buy Canara Bank with a stop of Rs 245, target of Rs 276: Ashwani Gujral