Meanwhile after the approval nod from SEBI and after many meetings and discussions, exchanges have finally decided to increase market timings by 55 minutes to 9 am -3:30 pm. It all started yesterday when BSE decided to increase market timings by just 10 mins. It was obvious that both exchanges will keep same time for opening and closing sessions. So NSE instead of increasing it by just 10 mins grabbed this opportunity to do whatever changes they want in one go. At the end of the day it was BSE which followed in footsteps of NSE citing the reason that if they have to be competitive they have to act swiftly, and they had no option left but to follow them.
Nifty View:
All the supports that i mentioned yesterday should hold to take this market beyond 5180. The supports remains the same as yesterday with 5000 being the most important and the nearest support level. 5085-5090 will act as a huge resistance for the markets as it has acted as a huge support for the last few days.
Stock View: Gtl Infra
The stock's chart is in a triangle shape since March 2009, so there would be a big breakout if GtlInfra crosses and closes above 40 level with huge volumes. The targets would be 43 and 47
Stock View: Rolta
The chart gave a breakout above 180 in early December and now is in the period of consolidation before the big move. Blue trendline is a support line from which the stock has given bounced back atleast 5 times, the black trendline is the breakout line above which the stock has given a breakout and finally the red trendline is the support line which is giving the support during consolidation. So buy Rolta with Sl of 178 for targets of 195-205.
Have a nice trading day!
Regards
Ankit
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