Stock Tips and Nifty Tips 20/12/2013

NIFTY OUTLOOK FOR 20/12/2013

FED STARTED TAPERING, BUT LOWER
THAN EXPECTED. US MARKETS SEARCHING
NEW HIGHS. BUT EMERGING MARKETS
GETTING VOLATILE.

RBI LEAVE ALL THE RATES AS IT IS.
NIFTY BULLS NOT ABLE TO SUSTAIN
THE GAP UP OPENING ABOVE 6244,
AND CLOSES AT 6166.
AGAIN NIFTY GET SUPPORT AT 6133-55 LEVEL.

6133-6244 IS THE RANGE.
NIFTY WILL GET CLEAR DIRECTION ONLY
AFTER BREAKING THE RANGE.

BULLS CAN MOVE FAST ONLY ABOVE 6244.
6333 AND 6422 ARE THE TARGETS.

LEVEL 6133-55 IS THE BIG SUPPORT FOR BULLS.
BELOW 6133 BEARS CAN TAKE NIFTY TO
5977 AND TO 5888.

Sell Cairn India with a target of Rs 310: Mitesh Thacker 

Cairn India is a ‘SELL’ call with a target of Rs 310 and a stop loss of Rs 322.50

Buy JSW Steel with a target of Rs 990: Ashwani Gujral 

JSW Steel is a ‘BUY’ call with a target of Rs 990 and a stop loss of Rs 945.

Buy Tata Motors (DVR) with a target of Rs 205: Ashwani Gujral 

Tata Motors (DVR) is a ‘BUY’ call with a target of Rs 205 and a stop loss of Rs 190.

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Sell HDFC with a target of Rs 760: Mitesh Thacker 

HDFC is a ‘SELL’ call with a target of Rs 760 and a stop loss of Rs 788.