Volatility is here to stay, but for only for the short term, says Rahul Mohindar, technical analyst, on CNBC-TV18. But he does not see any major sell-off as of now. If the Nifty stays above 5420, then the market is in the comfortable zone, he says. The 50-share index has a strong support at 5020.

Karvy Stock Broking recommends Wipro with a year timeframe and a target price of Rs 590, reports Zee Business. The stock is currently trading at Rs 489.25, down 0.6% on the BSE. with a year timeframe and a target price of Rs 590, reports Zee Business. The stock is currently trading at Rs 489.25, down 0.6% on the BSE.

There is a strong appetite for Power Grid from long term investors, says SP Tulsian, Investment advisor, on CNBC-TV18. The stock can move up Rs 5-7 in a month, he says. It is currently trading at Rs 140, up 0.7% on the BSE

If Indusind Bank sustains above Rs 78, then momentum in this counter will continue, says Rajat Bose, technical analyst, on CNBC Awaaz. The stock could go to Rs 91, he adds. It is currently trading at Rs 78.55, up 4.5% on the BSE.

If MTNL decisively breaks out of the Rs 175-180 range, then it could be headed towards Rs 250, says Ashwani Gujral, technical analyst, on CNBC-TV18. The stock is currently trading at Rs 180.50 on the BSE.