As expected, Yesterday Nifty future reversed from strong resistance level around 5470. Immediate Support zone on the downside is placed at 5345-5360.

Stock View: Can Fin Homes

The stock has given a nice breakout on daily charts after consolidating in a beautiful triangle pattern and too with huge vols. The stock can be bought at current levels with a short term view of 7-10 days. Buy Canfin Homes at current levels of 132 with a strict stoploss of 126 on closing basis and look for targets of 145/155 in extreme short term.

Stock View: Garden Silk Mills

If you see on the charts since Nov 2009 the stock has been trading in a rectangular range bound zone of 67-85. Once it will breakout from this rectangular range bound zone then some quick moves in this stock can be expected. Buy Garden Silk Mills only if it sustains above 85.5-86 with a stoploss of 81 on closing basis and look for targets of 95/100 in short term..

Have a nice trading day

Regards

Ankit