Friday, April 17, 2015

Market Commentary for 17 April 15

Global Markets are trading with mixed cues. Nifty gave 50 points upward pullback in second trading session yesterday, suggesting profit booking in short trades. We have intra-day support at 8645-8675. Today is last day of the week. Nifty may trade with subdued action in first half. Further direction may be decided by second half today.

Picks for the day:
Long: IDEA, M&M, JSWSTEEL
Short: JUSTDIAL

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