Markets opened lower on account of negative global cues and the downward journey continued in the morning session. However in the later part of the day the markets made a strong comeback and trimmed the huge losses made during the day on the back of intensified buying at lower levels. However, even after such a valiant turnaround the indices ended in the red as the sellers outnumbered the buyers in the last half an hour of the trade. Due to the phenomenal recovery in the later part of the day the bulls have a high probability to gain command in the coming session. Yesterday good buying seen in Small & madcap stocks.On the hourly chart, IF Nifty will take a support & hold around 3,350 then you can see rallyupto 3500. IF break 3250 then nifty willgo up to 3150. momentum indicator KST is still riding its bearish crossover, which is a sign of worry in the coming session. Bears dominated the market breadth with 855 declines and 367 advances.
Singapore Nifty Currently traded near 3325
Tata steel Buy IF cross 275 then you can see rally up to 287,295

Union Bank Good volume seen in this stocks Keep Sl 155 tgt 168,174