Stocks for Tomorrow
& Nifty Outlook

Stocks

UBL - Stock outperformed well with good volumes and gave a breakout of trend-line and 52 weeks high on a closing basis. The RSI has also shown the strength on the daily chart. We recommend buying above 1492 for the target of 1507 with the stop loss of 1480.

ZEEL - Stock was weak for the day with below average volumes and closed near to days low. The CCI is showing weakness and the RSI is also showing downtrend on the daily chart. We recommend selling below 434 for the target of 428 with the stop loss of 440.

MINDTREE - Stock performed well in the early hours of the day but couldn't maintain itself to be in positive and closed near to days low. It also formed shooting star on the daily chart. It also has strong resistance of trendline on the daily chart. We recommend selling below 874 for the target of 859 with the stop loss of 888

Nifty Outlook

Nifty closes with a Long white candle and a decisiveness as the momentum expands on the upside. A minor pullback in late hours did point to some profit booking as the final hurdle now remains the 4-month swing high that is placed at 10985. A close above this would call in an aggressive short covering rally that can propel the momentum to upside levels of 11200 in a short while.

We remain bullish with a buy on dips approach as Bluechips will lead this momentum.