Markets may dip further on back of weak global markets and move down to 16800-17000 Sensex and 4950-5000 mark on the Nifty. Technically these are important levels for the markets. I recommend investors to be buyers and accumulate stocks on any Declines.

Intraday Recommendations:

Buy Ster Optical around 257 for a tgt of 272-292 SL 226
Buy IVRCL Infra on declines 415-418 for a tgt of 445-452 SL 400
Buy United Spirits on declines at 1650-1660 for a tgt of 1745-1772 SL 1616

F&O Recommendations:

Buy Bank Nifty on declines at 7300 for a tgt of 7545-7835 SL 7177
Buy ACC on declines at 970-990 for a tgt of 1120-1150 SL 950
Buy IDBI on declines at 115-118 for a tgt of 133-140 SL 112
Buy Parsvnath on declines at 318-324 for tgt of 350-360 SL 315

All the best for your trading.....