Markets take a pause, Watch out for stock specific moves

Nifty View :

It remains the same as yesterday, Nifty needs to take 5180 out convincingly to reach to upper end of parallel channel i.e 5350-5400

Stock View: SRF Ltd

Triangle formation is seen in SRF since mid October 2009, A move above 195 with supporting huge volumes can take this stock to 205-220 levels

Stock View: SAIL

A nice breakout in SAIL stock is seen, the stock has been rading in a parallel channel since June 2009. If and only if it sustains above 205-210, it can this stock to target of 240 in medium term.



Have a nice trading day!!!

Regards

Ankit