Markets continue to tread in negative zone & are below 5 & 10 EMA, thus the NIFTY may drift down to 5417 & on the upside may move up to 5530. Though long positions should be avoided till the markets provide trend reversal signal, compulsive traders can take positions in APIL for a target of 617, ULTRACEMCO for a target of 1100, SYNDIBANK for a target of 125, INFOTECENT for a target of 147, AIAENG for a target of 402.
CHEERS !!!
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