Nifty spot has good support around 5460/5440. Keep a stop of 5555 on your Short positions.

 
Stock View: Sterlite

Sterlite after breaking a triangle pattern on the downside few days ago is now nearing very important support zone of around 150 ( see shaded portions ). It has been a one side move from 180 to 150 ( with some consolidation in between) in last few days. The stock is looking weak but some bounce can be expected from 150 odd levels. Short Sterlite only if it sustains below 148-150 with stoploss of 157 on closing basis and look for targets of 135/124 in short term.

Have a nice trading day

Regards

Ankit