Nifty View:
Nifty is still holding on to the trendline ( black ) joined from Nov 3rd lows and has tested it 4 times ( shown by 4 red circles ) from Nov 3rd till now. If it breaks this black trendline then expect Nifty sliding to 4930-4950 which is the next major support and is shown in the chart by green trendline .
Stock View: Rolta
The stock has outperformed the benchmark indices in the last few trading sessions. It can be bought if it sustains above 181-182 with a target of 200 with a SL of 160 on closing basis.
Sorry, due to some personal work I could not post a detailed view about markets and effect of trading hours extension. I will try to do it in this weekend.
Have a nice trading day
Regards
Ankit
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