NIFTY OUTLOOK FOR 14/11/2013

SELLING SEEN FOR EVERY 20POINTS RISE.
BULLS NOT ABLE TO MOVE BEYOND 6044.
BEARS BREACHED 6000 AND SEE A CLOSE AT 5989.
THE NEXT TARGET FOR BEARS IS 5933.

BULLS HAVE TO SEE A CLOSE
ABOVE 6066 TO GET SOME BREATH AND TO
SEE A CLOSE ABOVE 6155 TO TAKE THE DRIVER
SEAT OF THE MARKET.

SO THE DIRECTION IS,
BULLISH ABOVE 6155 TARGET 6244 AND 6333.
BEARISH BELOW 6066 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’ Exide Industry with a target of Rs 113: Mitesh Thacker

‘SELL’ Exide Industry with a stop of Rs 122.25, target of Rs 113: Mitesh Thacker

‘SELL’ Grasim with a target of Rs 2510: Mitesh Thacker

‘SELL’ Grasim with a stop of Rs 2665, target of Rs 2510: Mitesh Thacker.

‘BUY’ Idea with a target of Rs 171: Prakash Gaba

‘BUY’ Idea with a stop of Rs 150, target of Rs 171: Prakash Gaba

‘BUY’ Aban Offshore with a target of Rs 260: Prakash Gaba

‘BUY’ Aban Offshore with a stop of Rs 240, target of Rs 260: Prakash Gaba