Markets have always faced selling pressure here in the past. There are chances of positive momentum sustaining.
Markets are likely to continue trading rangebound as there is no fresh trigger which can take it above the crucial resistance zones
Ajit Mishra of Religare Broking is positive on Indraprastha Gas Limited with a target price of Rs 580.
The VIX suggests that the consolidation phase is about to end and markets might turn volatile going ahead
Stock recommendations: LKP Securities is positive on Godrej Agrovet with a target price of Rs 666
Gemstone Equity Research and Advisory is positive on State Bank of India with a target price of Rs 440.
Till the time the Nifty stays above 15,600 on the closing basis, the markets remain in a buy-on-dips zone
Stocks to buy: Nirmal Bang Securities is positive on Sun Pharma with a target price of Rs 730
The Nifty Bank trading is still subdued but earnings from ICICI Bank and others will be key triggers
"We were expecting markets correct one Nifty crosses 16,000 but the weakness across the globe is causing that earlier"