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