Nifty View:
Nifty has a good support around 5125-5135 and there are multiple resistances around 5350-5400 levels. Today closing will be important as this will be a weekly closing.
Stock View: Arvind
Though textile sector is termed as a laggard sector, but it also gives a breakout sometimes. Arvind is also in textile sector and has given a nice breakout with huge volumes. So one can buy around current levels with a target of 50 and 55 in very short term. And those people who keep waiting for their acquisition price can exit or earn some profit. This is one of the stock only, right now whole of the textile sector is looking good.
I could not post a detailed post due to personal reasons
Have a nice trading day
Regards
Ankit
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