Indian markets were slipped for the second consecutive day after the strong rally last week. But the rally, last week was driven by mere sentiments not by the change in basics of the market fundamentals.
It may be a short covering, may be due to the mere optimistic result of EU summit or Diwali sentiments.
Market may be volatile for next few sessions.
Nifty below 5274.70 may slip to 5247/5239. Below 5212 the things will be worst.
The trading range for Nifty may be 5174-5345
Buy Orchid chemicals on dips with SL 142.30 Tgt 187/198/212 - long term
