Buy Nifty on dips to 5305-5315 with a stoploss of 5280 and look for targets of 5345/5360.
Stock View: Mphasis
The stock has overhead resistances like the red trendline which is joining the major tops plus the 50 ema at 668. The stock can be bought above 664 with a strict stop loss of 655 for targets of 675/690. It is only for high risk traders as we are going against the trend of the stock and playing for a bounce back.
Stock View: TTML
The stock is underperforming the markets since a long long time, now if it shows strength can give a breakout to move ahead. The stock is facing lot of resistance in 25-25.5 zone as both red resistance lines are coinciding there, once it crosses that expect a 10% upmove on upside till 27.5-28. The stock should be bought only above the resistance zone with stoploss of 24 on closing basis and for above mentioned targets.
Have a nice trading day
Regards
Ankit
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