Again Nifty falls from cautious zone of 5470-5530. There is no conviction in buying at higher levels. Keep Stoploss to all your long trading positons.

Stock View: Hinduja Ventures

The stock again seems to be approaching the resistance zone of 400-405 zone as it did in Jan '10 and Sept '09. Yesterday it tried to give a breakout but could not sustain at higher levels though the vols were pretty good. Sustained move/closing above 400/405 will give us a clear breakout. Buy HInduja Ventures part qty (50%) at current levels of 395-400 and rest qty ( 50 % ) on dips to 375-380 with stoploss of 355 on closing and look for targets of 450/480 in short term..

Have a nice trading day

Regards

Ankit