Markets lost ground before encountering stiff resistance in moving above 18K mark. The rift between the Congress & the Left created ripples in the markets, which are anticipating an early mid-term election. While markets are finding it hard to move above 5250 levels, there has been strong buying support at 5025-5030 mark. Market bias yet remains positive till the level of 5025 is not broken on the downside. We expect markets to take support at current levels and take a breather for a day or two before making another high. Bias remains positive.

Intraday:

Buy NIIT TECH @ declines (330-336) for a tgt of 370 sl 334
Buy TATA MOTORS @ declines (740-750) for a tgt of 795 sl 730

F & O:

Buy Arvind Mills at 54-56 for a tgt of 72 sl 67
Buy IOC at 456-462 for a tgt of 490 sl 450

Short term:

Buy Plethico around 422-425 for a tgt of 450 sl 413
Buy Taj GVK Hotels around 138-140 for a tgt of 155/16A

All the best.