Nifty View:
Straight upmove from 4850 to 5200 with no major dips, this rally will stop anywhere between 5250-5300. To take out the previous high Nifty needs to correct from this resistance band, consolidate and start a fresh upmove with much higher volumes. I advise people not to be overleveraged at current levels and keep booking profits at higher levels. Support for Nifty Future now is 5160/5143.
Stock View: Vakrangee Soft
As you see in the chart, there is a red line which is acting as a huge resistance for Vakransoft since June 2009 ( 5 th attempt to cross the line was made yesterday, will it cross this time??? ) plus there is a triangle formation on the charts as well. Stock if sustains above 87-88 can give a sharp move to 100/120 or you can buy this stock at current levels of 84 with a stop loss of 78 with above mentioned targets of 100/120 in short to medium term.
Have a rocking day
Regards
Ankit
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