As expected Nifty bounces back from trendline support of 5200-5220, If Nifty breaks this support zone we may head to 5140/5150

NIfty View:

BEFORE(posted on 28th) :      

                                                                                                                         

AFTER :

                                                                                                                                                                                                                                                                                       

Stock View: IDFC

This is a weekly chart of IDFC. The stock has given a daily/weekly/monthly breakout on the charts. Multiple tops around 176-177 level have been taken out and the stock also closed above it. For short term traders : Buy IDFC only if it sustains above 180.5-181.5 with a stoploss of 177 and look for 190/195 targets in short term. For Medium term traders: Buy Idfc part qty in the range of 177-178 and other part qty on dips 172-173 or above 180.5-181.5 with a stoploss of 166 on closing basis and wait for targets of 195/210 in medium term

Have a nice day

Regards

Ankit