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#NIITLTD (Cmp: 515.95)

- Stock has formed horizontal channel formation pattern with upside breakout and a huge volumes on a daily chart

- Positional traders can accumulate stock at 500-515 level

- Expecting upside move upto 550-600-625+ level in coming trading session with the help of support

- Support stand at 398

- Maintain stoploss of 465 (trail it later)

Disclaimer: Above provided view & recommendation is posted for educational purpose. There is a risk of loss in investing or trading in securities (cash or futures or options) which you should be aware of prior to making an investment/trading decision, including the possible loss of principal. You are responsible for all investment decisions you make including understanding the risks involved, even if it is based on information. Therefore. before taking any financial decision you are requested to consult with a financial expert.