Markets continue to face relentless selling pressure due to overall grim economic scenario worldwide, thus the Nifty may slip down to 5195 & on the upside may move up to 5424 - 5477. Believe in old adage of NEVER TRY TO CATCH A FALLING KNIFE & stay away from long positions , though one may start nibbling, as the markets are fast approaching oversold zone. Compusive traders can take long positions in IOC for a target of 345, RELINFRA for a target of 591, ROLTA for a target of 132.
CHEERS !!!
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