5550/5530 are the supports on the downside. A breakout will happen Only if Nifty closes above 5600 on a weekly basis

 
Stock View: Valecha Engg

Valecha Engg has been consolidating between 180 and 195 zone for quite some days now. A move above 195 with good vols will be considered as a breakout. Buy Valecha Engg only if it sustains above 195-196 with stoploss of 190 on closing basis and look for targets of 210/225 in short term.

Have a nice trading day

Regards

Ankit