Web special: Bullish bias seen as long as Nifty remains above 6,275

Check out the technical trends in select stocks with Mohit Gaba, Independent analyst and trader

Check out the technical trends in select stocks such as TCS, Bharti Airtel, Idea, Reliance Ind, ICICI Bank, Axis Bank, HDFC Bank, Hero MotoCorp with Mohit Gaba, Independent analyst and trader:

SmartInvestor:Markets seem to have entered a consolidation phase after recent gains. The Nifty has been able to hold on to 6,300 levels so far. What is your call on the benchmark index for the medium term?

Mohit Gaba:As long as the Index trades above 6275 one should have a bullish bias.

SmartInvestor:TCS is in focus with profit taking post its results announcement. The stock had hit a new high of 2,384 on the BSE on Tuesday. Do you see consolidation in the stock before it resumes its upmove? What are the near term supports and resistances for the IT major?

Mohit Gaba:TCS has gaped down 4%, that is not a very good sign, investors should wait for it to settle down before entering, we could see further down side. As for the IT majors Wipro and Tech Mahindra look weak, Infy and HCL tech are still strong. I would not recommend fresh buys in them but if one is holding they could continue to hold.

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