Markets ready for a steep bounce

Friends,

Writing after long break as THERE IS A DECENT OPPORTUNITY I am seeing in the markets after the current meltdown.

NIFTY Outlook:

Major Support at: 5248 Buy NIFTY or 5400 Call Aug with stop @5248 for target 5460 – 5548

Stocks to Buy : Tata Steel , HINDALCO and Raxbaxy

USDINR is overheated now . Short @65.5(when it goes there) with SL 66 tgt 63.8– 61.2

Enjoy