5240 is the stop loss for day traders... Sustaining below 5240 we may head to 5190-5200.. Broader Market outperforms, closes in green

Nifty View:

As you see in chart Break of purple trendline ( 5240 ) will lead to a short term weakness in the index and it will head towards green line (5190-5200) which will act as a strong support for Index. One can Buy Nifty near 5200 with a stop loss of 5180 for a bounce upto 5250.




Stock View: Arogranite

As you see in the chart there is a triangle formation plus there are huge volumes. The stock is looking good for short term. The stock has strong support around 40-42 levels. Buy Arogranite at current levels of 45-46 for targets of 55/60 with a stop loss of 39. Please make sure its a short term and dont buy it is a trading pick.




Have a nice trading day

Regards

Ankit