Today is an important closing for the markets, If it closes well above 5600 then it would be considered as a weekly breakout as well.

 
Stock View: Mahindra Forgings

The stock is consolidating in a downward channel since last few weeks and may give a breakout if it sustains above 111. Only concern is vols, which are low in last few days. Buy Mahindra Forgings only if it sustains above 111-112 with stoploss of 104 on closing basis and look for targets of 120/125 in short term.

Have a nice trading day

Regards

Ankit