NIFTY OUTLOOK FOR 02/07/2014

BULLS FAILED TO MAKE FOLLOW UP MOVE TODAY.
BUT SEE A CLOSE ABOVE 7622.
ABOVE 7622 BULLS CAN FLY TO 7777.
ANY CLOSE BELOW 7577 WILL TERMINATE
THIS VIEW.

BUDGET WEEKS ON THE CARD.
NIFTY HAVE TO REACT FOR THE NEWS FLOWS.
IT IS TIME FOR NDA TO DELIVER.

ON THE DOWNSIDE,
NOW THE WEEKLY PIVOT MOVE TO 7577.
BEARS WILL GET ACTIVE BELOW 7533.
7333 AND 7244 ARE THE WEEKLY TARGET FOR BEARS.

AS PER TECHNICAL,
NOW THE WEEKLY PIVOT IS 7577.
ABOVE 7622 BULLS CAN TARGET 7688 AND 7777.
BELOW 7533 BEARS CAN TARGET 7333 AND 7244.

Buy Aditya Birla Nuvo with a target of Rs 1,455: Mitesh Thacker

'Aditya Birla Nuvo is a 'BUY' call with a target of Rs 1,455 and a stop loss of Rs 1,384.'

Buy Hindalco with a target of Rs 188: Mitesh Thacker

'Hindalco is a 'BUY' call with a target of Rs 188 and a stop loss of Rs 171.'

I am advocating a target of around 7680-7700 on the Nifty: Mitesh Thacker

'This is basically the previous highs, and saying that we have now started the journey from the lower end to the higher end and we must see the higher end of the range. '

Buy Zee with a target of Rs 315: Ashwani Gujral

'Zee is a 'BUY' call with a target of Rs 315 and a stop loss of Rs 292.'

Buy Exide with a target of Rs 162: Ashwani Gujral

'Exide is a 'BUY' call with a target of Rs 162 and a stop loss of Rs 145.'