New Delhi, Aug. 6 -- On Tuesday, the markets continued to fail at the final altar a day ahead of the Reserve Bank of India's monetary policy meeting, proving that the trends are still under heavy weather and the prospects of going higher now rests on Bank Nifty. A testing time for traders.

LUMAXTECH: Buy CMP and dips to Rs.1,150 | Stop: Rs.1,135 | Target: Rs.1,298-1,335

RSYSTEMS: Buy CMP and dips to Rs.420 | Stop: Rs.410 | Target: Rs.470-490

ASTERDM: Buy above Rs.601 and dips to Rs.585 | Stop: Rs.578 | Target: Rs.639-655

Stocks opened with renewed selling pressure, with the Nifty 50 slipping below 24,700 to trade about 90 points lower and the Sensex down by about 300 points. Renewed US tariff threats dented sentiment, while the rupee ...