Nifty has broken out of the triangle as informed yesterday. During the first half of the day we are of the view that it will correct & consolidate the yesterday's rise & then move on for further march on upside. For the day 5265 is strong support & is  not likely to  breach downside. On the upside 5320,5340 & 5368 are resistances which eventually be taken out.

1)BUY HIND PETRO around 460.00  or on cross above 470 with the stop of 455 for the initial target of 510 & higher in next two weeks..

(2) Buy BHUSANSTEEL around 1460 with the stop of 1440 for the target of 1560 in next two weeks.