Broader outlook and stocks to watch for Dec 31, 2013

Nifty opened on Monday at 6340 which is better than expected which is its high and has become very weak and started moving down.Most of the day it was moving and lost nearly 70 points amde a low of 6273 from its top and close at 6291. Banking and autos are very weak. Volumes have dried out with no involvement of major investors. Good news is VIX is near 15 which can set some movement in the market. Shortterm Trend Nifty is trading  below 6300 which is immediate resistance, but for it to make  a move higher levels it should close above 6320 levels for 6350 and 6400 which at key resistances for a move to  all time highs and below 6260 which is acting as strong support we could reach 6200 and 6160 with in no time. The trend is definitely up and we may see it getting stronger may be towards end of this weak as indicated also by VIX. Let us see where we will close today and I want it to close above 6330 which is highest yearly closing. We have closed at 5905 last year on Dec 31st, 2012. Intraday Trend Nifty could open higher as indicated most probably above 6300 as indicated by global cues and news flow, but may not sustain for too long. Nifty above 6320, we could see 6335 and 6350 and on the downside below 6300  we could go to 6285 and 6270. Top picks for the day My top pics for the day are Asian Paints, Bajaj Auto, DLF, BHEL and JindalSteel. For Buy/Sell and correct levels contact vijaykumarrao.invest@gmail.com. Pivot levels of  key stocks