Markets continue to be in negative territory being below 5 & 10 EMA & also worried about inflationary pressures, which are likely to enhance in coming days with expected rise in diesel prices, thus the Nifty may go down to 5470 & on the upside may move up to 5525 - 5562. Long positions can be taken in MUNDRAPORT for a target of 158, PENINLAND for a target of 63, RUCHSOYA for a target of 110, TATAELXSI for a target of 281, WIPRO for a target of 490, WOCKPHARMA for a target of 411.
CHEERS !!!
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