Nifty spot has good support around 5475/5450. Volatility levels are going to increase, Intraday traders be cautious.

   
Stock View: Elgie Equip

Since August 2010, the stock has been consolidating between 125-135 odd range. Yesterday the stock did give a breakout from this range and that too with huge vols which is a good sign. Buy Elgiequip at current levels 135-136 with stoploss of 130 on closing basis and look for targets of 145/150 in 1-2 weeks.

  
Have a nice trading day

Regards

Ankit