Nifty is likely to see range bound moves 5100 and 5200. 5135/5100 are the levels to watchout on downside. While upside resistances are placed 5185/5205

Stock View: OIL

The stock has given a nice little breakout on the charts and is looking good for the short term. The stock can be bought at current levels of 1160-1165 with a stoploss of 1130 and look for targets of 1195/1220.

Stock View: IFCI

Parallel channel ( stock sandwitched between red and purple line ) + Long term green support line indicates that stock is poised for a breakout, but the confirmation will be there when it sustains and give close above 54-55.
For Traders : Buy Ifci if it sustains above 54-55 with a stoploss of 51.5 and look for targets of 59/60 in short term.
For Short term players: Buy ifci at current levels of 52-53 with a stoploss of 49 and look for targets of 60 in short to medium term.

Have a nice trading day

Regards

Ankit