Nifty View:
As expected Nifty took support from 5240 and gave a intraday bounce back till 5290. Today If Nifty future breaks 5235 then expect 5200-5210 on the cards. Buy closer to 5200-5210 stop loss 5185 tgt 5240-5250.
Stock View: TV-18
The tv-18 stock was witnessing a consolidation pattern since last two months. Yesterday there was a small move with great volumes. The stock can be bought at current levels of 75 with a stop loss of 72 on closing basis and wait for short term targets of 83-84. Momentum once it crosses red resistance line. more momentum on the upside if it crosses blue resistance line which is placed at 85.

Have a Nice trading day
Regards
Ankit
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