Nifty is still holding on to 5200-5220 support zone...On the upside 5280/5320 are the levels to watch out for.

Stock View: Blue Star

The stock has been moving in a channel since last one year, once it crosses and closes above the upper band of channel the stock would explode as this will be weekly breakout. For risky traders Buy at current levels of 435 with a stoploss of 410 or for conservative traders wait for a breakout above 442-443 and buy above this level with a stoploss of 425 and look for 475/505 in short term.

 Stock View: BF Utilities

This is a daily chart of BF Utilities and a falling wedge pattern is observed in the stock. The stock has been in a downward sloping wedge since Dec 09 and is now trying to breakout after buiding some sort of a base. For Risky Traders: Buy BF Utilities at current levels of 690-695 with a stoploss of 670 on closing basis and look for targets of 740/790 in short term. For conservative traders: Buy BF Utilities only if it sustains above 735-740 with a stoploss of 710 on closing basis and look for targets of 790/825 in short term.

Have a nice trading day

Regards

Ankit