New Delhi, Aug. 4 -- Markets continued to blow hot and cold, absorbing the events that occurred as we struggled to close above 25,000 despite a head start. The weak posture held by the market despite the profit booking that we witnessed in high beta stocks suggests that the bullish bias could take a back seat. The Nifty Bank continues to hold prospects of heading higher.

OLECTRA: Buy CMP and dips to Rs.1,370 | Stop Rs.1,350 | Target Rs.1,540-1,585

JSL: Buy CMP and dips to Rs.690 | Stop below Rs.680 | Target Rs.735-750

DELHIVERY: Buy CMP and dips to Rs.415 | Stop below Rs.407 | Target Rs.451-463

Benchmark equity indices in India extended their downtrend on 1 August, closing lower for the second session in a row and marking a fifth cons...