Selling pressure continues as flow of negative news is not abating. Though any major upside seems difficult at this stage yet we recommend stock specific buying in quality names. Downside from the current levels seems limited and it is difficult to anticipate what and when the trigger for the next bull market happens. Prudent strategy for investors would be to keep buying at lower levels. Indices would remain range bound from here, broadly in a 5000-5400 nifty band for the near term. So traders may trade keeping in mind these limits.
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