If index recovers later during the day buy india cements with a target of 51.60
If bank index recovers one can go long on karnataka bank.
If nifty moves further south side short bharat forge if it breaks 245.5 with a target of 242 sl at 252.2
if nifty weakens short mcleod russel with target of 250,249 sl@257, lic housing can be shorted if bank index weakens with a traget of 189 sl@198
apart from this bearish on future retail,asian paints.
Further calls would be updated during market hours.
It would be better to trade with strict stop loss.