Tuesday, March 31, 2015

Market commentary for 31 March 2015



The support area I had mentioned in my last weekly blog is nicely held by Nifty. As a result we have seen a upward rally of 150 points yesterday. Markets may remain upwardly biased for next 2-3 trading session.
For today Nifty may continue upward move. It has first hurdle (resistance) at 8550-8630. For today's trading session traders can take Long Trades.
Pick of the day- Buy COLPAL near 2022 for target of 2035. Maintain stoploss 2000.

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