Stock Tips And Nifty Tips For 12/02/2014

NIFTY OUTLOOK FOR 12/02/2014

GLOBAL TRENDS SLOWLY TURNING INTO GREEN.
IT AND BANKING START TO CORRECT.
BULLS HOLD 6044 AND NOT ABLE TO
MOVE BEYOND 6088,

ABOVE 6088,
BULLS CAN MOVE TOWARDS 6133-55 LEVEL.

6088 IS FIRST RESISTANCE.
THE 6133-55 IS BIG RESISTANCE.
ABOVE 6155 BULLS CAN TARGET NEW HIGHS.

THE WEEKLY PIVOT 6022 IS FIRST SUPPORT.
NOW THE 200DMA IS AT 5977.
SO THE LEVEL 5955-77 IS BIG SUPPORT.
BELOW 5955 BEARS CAN TARGET 5733 AND 5622.

WEEKLY CHARTS HAVING TREND LINE SUPPORT
AT 5733 LEVEL.

THE LONG TERM TREND LINE IN THE MONTHLY
CHART IS NOW AT 5622 LEVEL.

BEARS MAY TEST ANY ONE THE ABOVE LINES
BEFORE 18/02/2014.

Infosys and Wipro top picks, see 20% upside: Jaideep Goswami 

We are positive on IT. We have Infosys and Wipro in our list of top picks with 20% upside in both the stocks.

Buy HCL Tech with a target of Rs 1480: Mitesh Thacker 

HCL Techis a 'Buy' with a target of Rs 1480 and a stop loss of Rs 1440.

Buy Bharat Forge with a target of Rs 372: Mitesh Thacker 

Bharat Forgeis a 'Buy' with a target of Rs 372 and a stop loss of Rs 358.