Stock Tips And Nifty Tips For 18/11/2013

NIFTY OUTLOOK FOR 18/11/2013

IN THE MONTHLY CHART NIFTY TRYING FOR A
MAJOR BREAK UP IN ASCENDING TRIANGLE PATTERN.
UPPER LINE OF THE TRIANGLE IS AT 6357.
LOWER TREND LINE NOW PLACED AT 5266-88 LEVEL.

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

FOR THE NEXT SIX MONTHS
WE HAVE TWO OPTIONS AHEAD.

FIRST OPTION,
NIFTY CAN BREAK OUT 6357 AND MAKE NEW HIGH.
AGAIN RETEST THE BREAK OUT POINT.
NIFTY MAY TRADE IN THE RANGE 6355-7111.

THE NEXT OPTION,
FOR NEXT SIX MONTHS,
NIFTY MAY TRADE BETWEEN 5266 TO 6357.
AND THE BREAK OUT MAY HAPPEN AFTER
FORMATION OF NEW UNION GOVERNMENT.

Buy Mahindra & Mahindra with a target of Rs 950: Ashwani Gujral  Buy Mahindra & Mahindra with a target of Rs 950 and a stop loss of Rs 905: Ashwani Gujral. Sell Cipla with a target of Rs 396: Prakash Gaba  Sell Cipla with a target of Rs 396 and a stop loss of Rs 410: Prakash Gaba. Buy Tata Steel with a target of Rs 382: Prakash Gaba  Buy Tata Steel with a target of Rs 382 and a stop loss of Rs 366: Prakash Gaba. Buy Aditya Birla with a target of Rs 1220: Prakash Gaba  Buy Aditya Birla with a target of Rs 1220 and a stop loss of Rs 1185: Prakash Gaba.