TREND FOR 9th AUGUST

Markets continue to be under selling pressure, though in oversold zone. Thus the Nifty may move up to 5275 - 5372 & on the downside may slip to 5050. Though long positions should be avoided , compulsive traders can take positions in AREVAT & D for a target of 247, LITL for a target of 30, HINDPETRO for a target of 430, ONGC for a target of 297, TATACHEM for a target of 363.

                                                 CHEERS !!!