Flat, Flat, Flat ----->>> Some move Finally..... Expect some volatility on expiry day

Stock View: Mindtree

Convergence of 4 + Breakout + Vols = Buy Mindtree at current levels of 545-546 add if it dips to 528-530 with stoploss of 520 on closing basis and targets 585/600 in short term

Have a nice trading day

Regards

Ankit

Nifty spot needs to close above 6050-6080 range to give a frest breakout sign

  
Stock View:  Mindtree

The stock has been acting sideways since last few months in the range of 500 -540. The stock needs to cross 540-545 to give a good breakout sign which can take the stock higher by 40-50 bucks. The only problem is the low vols which could be a dampener for the stock. Buy Mindtree only if it sustains above 540-545 with stoploss of 525 and look for targets 580/595 in short term.

Have a nice trading day

Regards

Ankit

Nifty futures is likely to claw back to 5940-5965 if 5830 level is not broken.. Break below 5830, it can test 5785/5800

  
Stock View: Ipca Labs

During the recent sluggishness in the markets, some stocks have continued to show their strength and one of them is Ipca Labs. The stock has formed a double top around 350 zone and is currently trading in a triangle pattern. The only concern is the low vols for a breakout. Buy Ipca Labs only above 353-355 with stoploss of 340 on closing basis and targets 385/400 in extreme short term..

Have a nice day

Regards

Ankit

Nifty Detailed View Updated

Nifty View:

Today the fall has been arrested @ 5700-5750 and it is likely to act as a support zone in coming days also. Break of this major support zone of 5700-5750 on a sustained basis may take us to 5550-5500 odd levels (  where 200 ema --- see red line and 78.6 % retracement level is also present  ). On the upside Nifty Spot will face resistance @ 5945-5960. Earlier it was advisable for investors ( especially those who missed entire rally from 5350 to 6350) sitting on cash to deploy atleast 20% cash @ 5920-5940 and 30% cash @ 5750-5800. Now additional 25 % cash can be deployed once u see around 5550 levels on screen.

Have a nice weekend ahead

Regards

Ankit

Expect 50-100 points cut on Index if today's low is broken.. Range seems to be 5950-6100 for Nifty futures

 
Stock View: Gail

After 2 month long consolidation Gail is poised for a breakout. Buy Gail above 505 with a stoploss of 498 and targets 520/525 in extreme short term..

Have a nice trading day

Regards

Ankit

Nifty futures likely to face resistance around 6050-6080. Midcaps to catch up in near term.

Stock View: Jain Irrigation

Triple tops are being made around 245-247 odd levels, stock sustaining above 245-247 can take it to 260. Overall pattern of the chart is also good. Buy Jisljaleqs part qty at current levels of 234-235 and add if it sustains above 245 with a stoploss of 225 on closing basis and targets 260/265 in short term. Conservative traders buy on;y above 245-247.

Have a nice trading day

Regards

Ankit

6050-6080 Nifty futures is a strong resistance zone on upside, Use this upmove to reduce leverage on longs

 
Stock View: ATFL

Buy ATFL only if it sustains above 343-345 and add on dips if it comes to 332-335 with stoploss of 325 on closing basis and targets 390/420 in short to medium term..

Have a nice trading day

Regards

Ankit