Markets turn cautious as Nifty slips into bearish zone; Oil India a buy, go short on L&T: Vinay Rajani

Indian equity markets remain under pressure as Nifty struggles below key resistance levels, with technical indicators signalling a continued bearish trend. HDFC Securities’ Vinay Rajani advises caution, highlights crucial support and resistance zones, and flags selective trading opportunities, recommending a buy on Oil India and a short call on L&T amid ongoing market volatility.