NIFTY OUTLOOK FOR 06/02/2014

AGAIN 200DMA NOW@5970 GIVE SUPPORT
TO NIFTY. NIFTY CLOSES AT 6022.
ALL BOUNCES UP TO 6155 WILL BE
SHORTED BY BEARS.

5955-77 IS GOOD SUPPORT LEVEL.
IF NIFTY SLIP BELOW 5955 THEN,
5866 AND 5755 ARE THE NEXT SUPPORTS.

BULLS HAVE TO SEE A CLOSE ABOVE 6177
TO APPLY BREAKS ON THIS DOWN MOVE.

WEEKLY CHARTS HAVING TREND LINE SUPPORT
AT 5755 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.

Buy GAIL with target price of Rs 375: Mitesh Thacker

GAIL is a 'BUY' call with a target of Rs 375 and a stop loss of Rs 358.

Buy Century Textiles & Industries Ltd with target price of Rs 315: Ashwani Gujral

Century Textiles & Industries Ltd is a 'BUY' call with a target of Rs 315 and a stop loss of Rs 290.

Sell HCL Tech with target price of Rs 1350: Ashwani Gujral

HCL Tech is a 'SELL' call with a target of Rs 1350 and a stop loss of Rs 1395.

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Buy REC with target price of Rs 202: Ashwani Gujral

REC is a 'BUY' call with a target of Rs 202 and a stop loss of Rs 176.

Sell Ashok Leyland with target price of Rs 15.25: Mitesh Thacker

Ashok Leyland is a 'SELL' call with a target of Rs 15.25 and a stop loss of Rs 16.4.

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