Emotional Atyachaar continues for 8th consecutive day for Day traders & ( most importantly ) RMs while Nifty takes its time to decide where to go :P

Yes, its Mental torture or you can say Emotional Atyachaar for any day trader as day traders need atleast 1-2% moves to play but Nifty for the past few days has passed the duration of 6 hours 30 minutes alotted in a day by the exchanges ( which can be increased also :(, if this goes on for a long period of time ) moving in a range of 30 points which is very irritating for any day trader

Nifty View:

Nothing has changed in Nifty since last 24 hours, so the view remains the same. 5090 on the Downside and 5180-5200 on the upside are the two important levels to watch out for.



Stock View: MSK Projects

Perfect triangle breakout, if and only if MSK Project sustains above 130. The green line has been the life line for the stock since November 2009, everytime the stock has come closer to this line it has bounced back sharply. So Buy MSK Proj at current levels ( for high risk traders ) or buy if it sustains above 130 ( for conservative traders ) for targets of 140/148 with a stop loss of 118.




Have a nice trading day

Regards

Ankit